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Metallic Minerals Corp. Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto
Newsfile· 2025-10-30 11:00
Core Insights - Metallic Minerals Corp. is a resource-stage exploration company focused on critical minerals including copper, silver, gold, and platinum group elements at its La Plata Project in Colorado and Keno Silver Project in the Yukon Territory [1][3] - The company will present at Red Cloud's Fall Mining Showcase 2025, inviting shareholders and interested parties to learn about its latest developments [1][2] Company Overview - Metallic Minerals Corp. is recognized for its significant holdings in alluvial gold claims in the Yukon and is developing a production royalty business through partnerships with experienced mining operators [3] - The leadership team has a strong track record in discovery and exploration of major precious and base metal deposits across North America, with extensive experience in project development, permitting, and financing [3] - The company integrates artificial intelligence and advanced data analytics into its exploration process to enhance discovery and unlock new value across its portfolio [3] - Metallic Minerals is committed to responsible and sustainable resource development, collaborating closely with Canadian First Nation groups, U.S. Tribal and Native Corporations, and local communities [3]
Linear Minerals Assayed 21.10 Percent Copper in Surface Samples at the Lac Coulombe Property, Quebec
Accessnewswire· 2025-10-30 01:15
Core Insights - Linear Minerals Corp. has announced positive results from initial exploration at the Lac Coulombe Property in Quebec, Canada, indicating significant copper values and the presence of gold and silver [1] Exploration Results - Assays from the exploration revealed copper values ranging from less than 0.5 parts per million (ppm) to 211,000 ppm, which equates to 21.10% copper [1] - The exploration also indicated anomalous values of gold and silver, suggesting potential for further resource development [1]
Wealth Minerals Provides Update on Proposed Andacollo Oro Gold Project Acquisition
Newsfile· 2025-10-29 20:16
Core Viewpoint - Wealth Minerals Ltd. has announced that it will not proceed with the acquisition of the Andacollo Oro Gold Project due to regulatory and compliance delays, leading to the return of funds raised for the project [1][2][3] Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on acquiring and developing lithium projects in South America, while also diversifying its asset base to include precious metal projects [4] - The company is committed to stakeholder engagement and has a joint venture with the Quechua Indigenous Community of Ollagüe for the Kuska lithium project [3][4] Industry Context - The lithium market is experiencing significant dynamics, with increasing metal prices driven by structural issues in meeting future demand [5] - Wealth Minerals aims to position itself as a major beneficiary of the anticipated supply-demand mismatch in the battery metals market [5]
Panoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Globenewswire· 2025-10-29 11:09
Core Viewpoint - Panoro Minerals Ltd. has announced a private placement to raise up to C$5,000,000 through the sale of 12,500,000 units at C$0.40 per unit, with participation from Wheaton Precious Metals Corp. expected [1][4]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.60 within 36 months [2]. - An option is granted to agents to sell an additional 2,500,000 units for up to C$1,000,000 in gross proceeds [3]. - The offering is scheduled to close on November 18, 2025, subject to regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project, along with working capital [4]. Group 3: Regulatory and Trading Information - The units will be offered to purchasers in all Canadian provinces except Québec and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [5][8]. - The securities will not be registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or applicable exemptions [8]. Group 4: Company Focus - Panoro is focused on completing technical objectives for the Cotabambas Project, including project optimization studies and engaging in discussions for strategic alternatives to advance the project [10].
Canterra Minerals Announces Closing of $2.0 Million Private Placement Led by Michael Gentile and Other Strategic Investors to Fund Gold Exploration in Newfoundland
Globenewswire· 2025-10-28 22:00
Core Viewpoint - Canterra Minerals Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $2,004,000 through the issuance of 16,700,000 units at a price of $0.12 per unit, which will be used to fund exploration activities at its Wilding Gold project and for general working capital purposes [1][3][4]. Group 1: Private Placement Details - The private placement involved the issuance of units, each consisting of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of one share at $0.20 for 12 months [2]. - The participation of Cairn Merchant Partners LP, controlled by Canterra's Chairman, in the private placement qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [6]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards drilling the Wilding Gold project, which is located in the central Newfoundland Mining District, adjacent to Equinox Gold's Valentine Mine [3][4]. - The company aims to mobilize a drill rig to the Wilding Gold Project to explore multiple high-grade, drill-ready gold targets, enhancing its exploration momentum [4]. Group 3: Company Overview - Canterra Minerals is focused on critical minerals and gold exploration in central Newfoundland, with several mineral deposits near historically significant mining sites [8]. - The company's gold projects are strategically located along a structural corridor that hosts mineralization within Equinox Gold's mine project, indicating significant exploration potential [8].
Fortune Minerals Retains P&E Mining Consultants Inc. to Prepare the New Reserve Estimates, Mine Plan & Production Schedule for the Updated NICO Project Feasibility Study
Businesswire· 2025-10-28 16:47
Core Insights - Fortune Minerals Limited has engaged P&E Mining Consultants Inc. to update the Mineral Reserve estimates, mine plan, and production schedule for the NICO Project Feasibility Study, which is expected to benefit from higher metal prices, particularly gold and bismuth [1][3][5] Company Overview - Fortune Minerals is focused on developing the NICO cobalt-gold-bismuth-copper project located in the Northwest Territories and Alberta, which includes a planned open pit and underground mine along with a hydrometallurgical facility [1][14] - The NICO Project is the largest bismuth deposit globally, holding 12% of the world's reserves, while China controls 80% of global mine production and 90% of refined bismuth supply [8] Project Economics - The previous 2014 Feasibility Study identified Mineral Reserves of 33.1 million tonnes, including 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper, supporting a 20-year mine life [5] - Current metal prices are significantly higher than those used in the 2014 study, with gold at approximately US$4,000 per ounce, cobalt at US$22 per pound, bismuth at US$17 per pound, and copper at US$5 per pound, which will enhance project revenues [5][10] Strategic Importance - The development of the NICO Project is aligned with North American efforts to strengthen critical mineral supply chain resilience and security, reducing dependence on foreign entities [2][7] - The project is positioned to be a reliable source of critical minerals essential for energy transition and technological advancements, with significant demand growth anticipated for bismuth in various applications [9][10] Future Plans - Fortune plans to produce cobalt sulfate heptahydrate at its Alberta facility for use in lithium-ion batteries, with cobalt being a critical component in various industries [10] - The company also owns the Sue-Dianne satellite deposit, which could provide additional mill feed to extend the life of the NICO concentrator [11][14]
Ramaco Resources Announces Strategic Initiative to Establish First National Critical Minerals Stockpile at Brook Mine
Prnewswire· 2025-10-27 12:00
Core Insights - Ramaco Resources, Inc. has announced the establishment of a national strategic stockpile of rare earth elements and critical minerals at its Brook Mine facility in Wyoming, known as the Strategic Critical Minerals Terminal (SCMT) [1][2][3] Company Initiatives - The SCMT aims to position Ramaco as a vertically integrated producer of critical minerals and rare earth elements in the U.S. [2] - The stockpile will address both private and public needs for secure access to essential materials, leveraging Ramaco's resources and third-party expertise [3][4] - The initiative is expected to provide long-term solutions for extraction, processing, and inventory management, thereby mitigating supply chain risks [3][4] Strategic Advantages - The Brook Mine site offers strategic advantages due to its location and infrastructure, including direct connectivity to the BNSF railroad and proximity to a major interstate highway [5] - This connectivity is anticipated to facilitate efficient transportation and distribution to a wide range of customers, including defense contractors [5] Production Goals - Ramaco plans to increase its annual commercial rare earth and critical mineral oxide production from approximately 1,240 tons to 3,400 tons, representing a 174% increase [10] - The Brook Mine is believed to contain significant quantities of heavy and light rare earth elements, essential for various advanced applications [9][11] Resource Estimates - The latest Technical Report Summary estimates 1.4 million tons of Total Rare Earth Oxide (TREO) at the permitted acreage, with potential for expansion as further exploration occurs [11] - The Brook Mine is recognized as one of the world's primary sources for scandium, gallium, and germanium, which are critical for advanced technologies [9][11] Future Development - Ramaco is committed to strengthening the U.S. critical minerals supply chain and supporting national security through this initiative [11][12] - The company is also expanding its land holdings in Wyoming for future development and mineral storage potential [8]
Electra Advances Idaho Cobalt-Copper Assets as Cornerstone of America's Critical Minerals Independence
Globenewswire· 2025-10-27 11:00
Core Insights - Electra Battery Materials Corporation has initiated a new program to enhance mineral deposit modeling and feedstock integration at its Iron Creek cobalt-copper project in Idaho, aiming to support U.S. efforts to increase domestic critical mineral production and reduce reliance on foreign supply chains [1][2] Group 1: Company Developments - The financing for Electra's North American cobalt refinery has been completed, with construction set to resume, allowing the company to leverage its improved balance sheet for growth [2] - Electra is diversifying its feedstock base by sourcing domestic materials, with Idaho identified as a strategic location for cobalt and copper production, aligning with U.S. priorities for critical mineral independence [3] - A bench-scale lab program has been launched to evaluate cobalt feedstocks from various North American deposits, focusing on modifications to the existing refinery flowsheet to accommodate polymetallic sulfide concentrates [3][4] Group 2: Geological Research and Exploration - A new geological research program at Iron Creek is being conducted in collaboration with the Centre to Advance the Science of Exploration to Reclamation in Mining (CASERM), utilizing Short-Wave Infrared (SWIR) hyperspectral imaging to identify mineralization zones [4][5] - The program aims to refine the geological model and guide future drilling campaigns by mapping the margins of mineralized zones [5][6] - Electra holds 10-year exploration permits covering 91 designated drill pad locations across Iron Creek and Ruby, with plans for a drilling restart in spring 2026 based on findings from the new scanning program [9] Group 3: Strategic Vision - Electra's long-term strategy focuses on building a vertically integrated solution for domestic supply-chain resilience, including cobalt sulfate refining and potential nickel refining and battery recycling [11][15] - The company aims to create a continental supply chain that starts with American mining and ends with refined cobalt sulfate for battery production in North America [12]
Stillwater Critical Minerals Engages Mine Technical Services to Complete an Updated Mineral Resource Estimate at Stillwater West in Montana, USA
Accessnewswire· 2025-10-27 11:00
Core Insights - Stillwater Critical Minerals Corp. has engaged Mine Technical Services to conduct an updated NI 43-101-compliant Mineral Resource Estimate for its Stillwater West project in Montana, USA [1] - The updated Mineral Resource Estimate is anticipated in the first half of 2026 and aims to advance Stillwater West as a significant source of ten critical minerals in the U.S. [1] - The Stillwater West project contains a unique combination of nickel, copper, cobalt, chromium, platinum, palladium, rhodium, ruthenium, iridium, gold, and osmium, which are essential for clean energy, defense, and technology supply chains [1]