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Casa Minerals Announces Closing of First Tranche of Private Placement
Newsfile· 2025-03-17 23:32
Core Viewpoint - Casa Minerals Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of up to $250,000 through the issuance of flow-through units at a price of $0.055 each [1][2]. Group 1: Private Placement Details - The first tranche consists of 4,545,455 flow-through units, each unit comprising one common share and one-half common share purchase warrant [2]. - Each full warrant is exercisable at a price of $0.075 until March 17, 2027 [2]. - The net proceeds from the offering will be allocated for exploration and development activities on the company's projects in British Columbia, Canada [2]. Group 2: Regulatory and Compliance Information - All flow-through shares and warrants are subject to a hold period of four months and one day, restricting resale or transfer in accordance with applicable securities laws [3]. - The completion of the private placement is contingent upon approval from the TSX Venture Exchange [3]. Group 3: Insider Participation - The tranche includes a subscription from Mr. Farshad Shirvani, President & CEO of Casa, who subscribed for the entire 4,545,455 flow-through units [4]. - This transaction is classified as a related party transaction and is relying on exemptions from formal valuation and minority shareholder approval requirements [4]. Group 4: Company Overview - Casa Minerals Inc. is engaged in the acquisition, exploration, and development of mineral properties in Canada and the USA [6]. - The company holds a 90% interest in the Congress gold mine located in Arizona, USA, and a 100% interest in the polymetallic Pitman property in British Columbia [6]. - Additionally, Casa has an option to acquire a 75% interest in the Arsenault VMS Property, also in British Columbia [6].
Canadian Critical Minerals Generates USD$185,000 in Revenue from Bull River Mine
Newsfile· 2025-03-13 23:42
Group 1 - Canadian Critical Minerals Inc. (CCMI) reported revenues from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project, with provisional payments of approximately USD$185,000 for February 2025 shipments [1] - In February 2025, the company trucked 542 dry metric tonnes of sorted mineralized material to New Afton, with grades of 4.71% Cu, 0.78 g/t Au, and 47.8 g/t Ag [1][2] - A second sorting crew was introduced in February 2025, increasing the amount of material sent to New Afton compared to previous months [2] Group 2 - The company will not ship material to New Afton for the remainder of March 2025 due to spring road restrictions, which limit payload capacity [2] - During the road restrictions, the company plans to continue sorting high-grade pre-concentrate material at the mine and resume trucking in early to mid-April 2025 [2][3] - The president and CEO of CCMI expressed optimism that the duration of road restrictions in 2025 will be shorter than in 2024 [3] Group 3 - CCMI is primarily focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project [4] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry Mine copper project and the Opemiska Mine copper project [4]
Casa Minerals Announces Private Placement
Newsfile· 2025-03-13 21:00
Core Viewpoint - Casa Minerals Inc. is initiating a non-brokered private placement to raise up to $600,000 through the issuance of flow-through units priced at $0.055 each [1][2]. Group 1: Offering Details - The private placement will consist of up to 10,909,091 flow-through units, each unit comprising one common share and one-half common share purchase warrant [1][2]. - Each full warrant will allow the holder to purchase one common share at a price of $0.075 for two years from the closing date [2]. - The net proceeds from the offering will be allocated for exploration and development activities on the company's projects in British Columbia, Canada [2]. Group 2: Regulatory and Financial Aspects - All flow-through shares and warrants will be subject to a 4-month hold period from the issuance date, restricting resale or transfer in accordance with applicable securities laws [3]. - A Finder's Fee of 5% in cash or shares will be payable to eligible finders, who will also receive warrants to purchase up to 5% of the shares issued to purchasers they introduce [4]. - The completion of the private placement is contingent upon approval from the TSX Venture Exchange [4]. Group 3: Company Overview - Casa Minerals Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada and the USA [6]. - The company holds a 90% interest in the Congress gold mine located in Arizona, USA, and a 100% interest in the polymetallic Pitman property in British Columbia [6]. - Casa also has an option to acquire a 75% interest in the Arsenault VMS Property in British Columbia [6].
Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, Nevada
Newsfile· 2025-03-13 12:00
Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, NevadaMarch 13, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp.24.7 meters grading 0.5 g/t Au including 2.9 meters grading 1.9 g/t Au2025 Exploration Budget - US $5,000,000Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce final assay results for ...
Ridgeline Minerals Commences Drill Program at the Big Blue Porphyry Cu-Au Project, Nevada
Newsfile· 2025-03-11 12:00
Ridgeline Minerals Commences Drill Program at the Big Blue Porphyry Cu-Au Project, NevadaMarch 11, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - March 11, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce the commencement of the Company's diamond core drill program at the Big Blue ("Big Blue" or "Project") porphyry copper ("Cu") - gold ("Au") project in Elko County, N ...
Royal Road Minerals Reports Scout Drilling Results and Provides an Update on the Alouana Option Agreement: Kingdom of Morocco
Newsfile· 2025-03-10 12:30
Royal Road Minerals Reports Scout Drilling Results and Provides an Update on the Alouana Option Agreement: Kingdom of MoroccoMarch 10, 2025 8:30 AM EDT | Source: Royal Road Minerals LimitedToronto, Ontario--(Newsfile Corp. - March 10, 2025) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") reports geochemical results from its 2000 meter reverse circulation scout drilling program at the Alouana project in Morocco. The Alouana project is subject to an Option Agreement (th ...
RT Minerals Corp. Highlights Growing Interest in the Case Batholith Region amid Increased Global Investments
Newsfile· 2025-03-06 14:00
Core Insights - The Case Batholith region is experiencing increased exploration and development activity, particularly for lithium, cesium, and rare earth elements, driven by significant investments from major mining companies [1][2][3] - RT Minerals Corp. holds a strategic property position adjacent to key industry players, indicating potential for growth in the context of rising global demand for critical minerals [1][2][6] Industry Trends - The influx of capital into the Case Batholith area reflects a surge in demand for battery metals and rare earth elements, essential for the transition to a low-carbon economy [3][4] - Cesium is recognized as a critical mineral with limited global supply, making it vital for various high-tech applications, including aerospace, telecommunications, and quantum computing [4][5][8] Investment Landscape - Major mining companies are securing substantial investments in the Case Batholith, highlighting the importance of North American resources to reduce dependency on foreign supply [5][6] - The presence of well-capitalized firms in the region underscores the growing investment interest and potential of this emerging critical minerals district [1][2]
Early Warning Regarding the Acquisition of Securities of Lafleur Minerals Inc.
Newsfile· 2025-03-05 18:08
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2025) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or the "Company") announces that on March 4, 2025 CTI acquired control and direction over 4,299,211 common shares (the "Common Shares") in the capital of LaFleur Minerals Inc. ("LaFleur") (CSE: LFLR) in a private transaction pursuant to a Share Purchase Agreement (the "SPA") entered into between CTI and an arm's length third party (the "Transaction").Pursuant to the SP ...
Canadian Critical Minerals Announces Increases of Indicated Metal of 11% for Copper and 17% for Gold at the Bull River Mine
Newsfile· 2025-03-04 22:02
Core Viewpoint - Canadian Critical Minerals Inc. announced significant increases in the indicated mineral resources for copper and gold at the Bull River Mine, with an 11% increase in copper and a 17% increase in gold compared to the previous estimate [1][4]. Group 1: Mineral Resource Estimates - The updated Mineral Resource Estimate (MRE) for the Bull River Mine shows a 10% increase in copper and a 15% increase in gold, with the effective date of the resource being December 31, 2024 [1][2]. - The surface stockpile resource is estimated at 173,263 tonnes, grading 1.092% copper, 0.232 g/t gold, and 9.1 g/t silver, containing 4,172,800 lbs of copper, 1,292 ounces of gold, and 50,507 ounces of silver [2][6]. - The total indicated mineral resource is 2.9 million tonnes (Mt) grading 1.58% copper, 0.389 g/t gold, and 13.3 g/t silver, while the inferred resource is 1.6 Mt grading 1.43% copper, 0.388 g/t gold, and 12.1 g/t silver [4][5]. Group 2: Operational Highlights - During the period from November 2023 to August 2024, the company processed 180,000 tonnes of mineralized run-of-mine material, adding 5,177,900 lbs of copper equivalent (CuEq) mineralized material to the current resource [3][4]. - The Bull River Mine is fully developed with 21,000 meters of underground development and includes a 700 tonne per day conventional mill [6][11]. Group 3: Qualified Person and Compliance - The mineral resource estimates have been reviewed and approved by Sue Bird, P.Eng., a qualified person under National Instrument 43-101 [7][8]. - The estimates are prepared in accordance with Canadian securities laws and the guidelines set by the Canadian Institute of Mining, Metallurgy and Petroleum [8][10].
Defense Metals Secures Funding from Natural Resource Canada's Critical Minerals Infrastructure Fund for its Wicheeda Rare Earth Element Project
Prnewswire· 2025-03-03 18:00
Core Points - Defense Metals Corp. has received funding of up to C$853,825 from Natural Resources Canada's Critical Minerals Infrastructure Fund to advance infrastructure for its Wicheeda Rare Earth Element deposit [1][8] - The funding will support a study for a proposed 46km transmission line connecting the Wicheeda Project to British Columbia's hydroelectric power grid, ensuring a reliable power supply [4][8] - The Wicheeda Project is the only rare earth project in Canada with current proven and probable reserves, positioning it as a key future supplier of essential rare earth materials in North America [3][8] Company Overview - Defense Metals Corp. is focused on the development of its 100% owned Wicheeda rare earth element Project, which spans approximately 11,800 hectares [9] - The Wicheeda Project is strategically located about 80 kilometers northeast of Prince George, British Columbia, with good access to infrastructure including hydro power transmission lines and gas pipelines [10] Indigenous Engagement - The McLeod Lake Indian Band (MLIB) is an equity partner in the Wicheeda Project, actively involved in decision-making through a co-design agreement with Defense Metals [5][8] - The integration of Indigenous perspectives is a key aspect of the project assessment and development process [5] Industry Context - The Critical Minerals Infrastructure Fund aims to enhance the development and supply of critical minerals in Canada, improving access to essential infrastructure [7] - The Wicheeda Project is significant for Canada's critical minerals sector, contributing to the domestic supply of rare earths necessary for clean energy, defense, and advanced technology applications [6]