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Search Minerals Announces Non-Brokered Private Placement Financings
Newsfile· 2025-09-24 18:17
Core Viewpoint - Search Minerals Inc. is planning to conduct non-brokered private placement financings for gross proceeds of up to $993,847 to support its exploration projects in Labrador [1][2]. Financing Details - The financings include a charity flow-through unit private placement of up to 1,487,694 units at a price of $0.50 per unit, aiming for gross proceeds of up to $743,847 [2]. - Additionally, a hard-dollar private placement of up to 1,000,000 common shares at a price of $0.25 per share is planned, targeting gross proceeds of up to $250,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant, with each whole warrant exercisable at $0.65 for 24 months [2]. Use of Proceeds - Gross proceeds from the charity flow-through financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, which qualify for the Critical Mineral Exploration Tax Credit [3]. - Net proceeds from the hard-dollar financing will be utilized for working capital and general corporate purposes [3]. Regulatory Approvals - The financings are subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange, with no assurance that they will be completed [4]. Securities Information - The securities issued will be subject to a hold period of four months and one day from the closing date, in accordance with applicable securities laws [5]. - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [6]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador, controlling two deposits and several prospects [7]. - The company also holds additional CREE assets in the Red Wine CREE District of central Labrador, including drill-ready deposits and prospects [8].
LaFleur Minerals Announces High-Grade Gold Assay Results and Provides Update on Beacon Gold Mill and Swanson Gold Deposit Ramp-Up Activities
Newsfile· 2025-09-24 13:30
Core Viewpoint - LaFleur Minerals is advancing its operations at the Beacon Gold Mill and Swanson Gold Deposit, highlighting its potential as a near-term gold producer in the Abitibi Gold Belt, with significant high-grade gold assay results from ongoing drilling programs [1][2][6]. Group 1: Beacon Gold Mill and Swanson Gold Deposit Update - The company is focused on ramping up activities at the Beacon Gold Mill and Swanson Gold Deposit, with maintenance and exploration planning underway [2][3]. - An independent evaluation confirmed the readiness of the Beacon Gold Mill for a restart within a budget of approximately $5 million, with a replacement cost exceeding C$71.5 million for a new mill and tailings storage facility [4]. - A comprehensive Preliminary Economic Assessment (PEA) is expected by the end of October 2025, assessing the economic viability of restarting gold production at the Beacon Gold Mill [5]. Group 2: Drilling Results at Swanson Gold Deposit - The company has completed 24 drill holes totaling 5,283 meters at the Swanson Gold Project, with high-grade gold assay results indicating strong potential for expanding mineral resources [6][10]. - Significant assay results include 7.47 g/t Au over 1.35 meters and 7.68 g/t Au over 1.0 meter, confirming gold mineralization along strike of the Swanson Gold Deposit [11][13]. - The Swanson Gold Project covers over 18,000 hectares and has extensive historical drilling, indicating a promising source of mineralized material for the Beacon Gold Mill [8][31]. Group 3: Future Exploration and Marketing Strategies - The company is extending its drilling program to approximately 7,500 meters based on initial encouraging results from the Swanson Gold Deposit and surrounding target areas [10]. - LaFleur Minerals is engaging in strategic marketing and investor relations to enhance its communication strategy and broaden its audience [25][26]. - The company's shares are cross-listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange, aiming to increase trading access for investors [29].
Gunnison Copper Signs Letter of Intent with Defense and Mineral Exploration Tech Start-Up Lunasonde to Assess Its Revolutionary Technology to Explore for Copper, Other Critical Minerals, and Rare Earth Elements in Arizona's Cochise Mining District
Newsfile· 2025-09-24 03:40
Core Viewpoint - Gunnison Copper Corp. has signed a non-binding Letter of Intent with Lunasonde Inc. to explore advanced technology for identifying copper and other critical minerals in Arizona's Cochise Mining District [1][2]. Group 1: Partnership Details - Under the LOI, Gunnison will allow Lunasonde to access its land package in southeastern Arizona to test and refine its remote sensing technology [2]. - The partnership aims to enhance the identification of new targets for copper, critical minerals, and rare earth elements within Gunnison's assets [2][3]. Group 2: Technology and Exploration Potential - The geology of the Cochise Mining District is known to host at least 12 critical minerals essential to the U.S. supply chain, much of which remains unexplored due to alluvial cover [3]. - Lunasonde's technology is expected to penetrate this cover and facilitate new discoveries [3][4]. Group 3: Funding and Future Plans - The parties plan to apply for funding under the U.S. Department of Energy's ROCKS Program to support this venture [5]. - The transaction is contingent upon the negotiation of definitive agreements and the successful submission and approval of the DOE funding application [5]. Group 4: Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District, which contains 12 known deposits within an 8 km radius [6]. - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [7]. - The preliminary economic assessment (PEA) for the Gunnison Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% [7][8]. Group 5: Additional Assets - Gunnison's Johnson Camp Asset is currently in production, fully funded by Nuton LLC, with a capacity of up to 25 million lbs of finished copper cathode annually [10]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [10].
CopAur Minerals Welcomes New CEO Andrew Neale to Vancouver
Newsfile· 2025-09-23 12:45
Core Viewpoint - CopAur Minerals Inc. has appointed Andrew Neale to advance its Kinsley Mountain Gold Project in Nevada, which has significant gold resources and a history of production [1][4]. Company Developments - Andrew Neale has joined CopAur after a decade of experience in mining projects across Southeast Asia, focusing on finalizing the design of the Kinsley Mountain heap leach pad sampling program [1][2]. - The Kinsley Mountain Gold Project has a historical production of approximately 138,000 ounces of gold from 1995 to 1999 and currently hosts 418,000 indicated ounces at 2.63 g/t gold and 117,000 inferred ounces at 1.51 g/t gold, including 302,000 ounces averaging 6.11 g/t gold in the high-grade Western Flank Zone [2][4]. - The company expects to submit a completed application for the sampling work this week, with a permit anticipated before the end of the year, allowing work to commence in early 2026 [3]. Industry Context - The Kinsley Mountain project was last in production in 1998 when gold prices averaged around US$360 per ounce, and operations were suspended due to non-technical reasons, despite its strong exploration potential [5]. - CopAur is focused on developing projects in the mineral-rich regions of Nevada, with Kinsley Mountain being its flagship project located 90 kilometers south of the Long Canyon mine [7].
Canterra Minerals Intersects 16.0 metres of 1.72% Copper Equivalent at Clementine Prospect, 4 km Northwest of Past-Producing Buchans Mine
Globenewswire· 2025-09-23 11:01
Core Viewpoint - Canterra Minerals Corporation has announced promising initial drill results from the Clementine Prospect, part of its Buchans Project, indicating the potential for high-grade mineralization and the mobilization of additional drilling resources to further explore these findings [1][3][5]. Group 1: Drill Results and Analysis - Initial drilling has confirmed high-grade Buchans-style mineralization, with significant grades at the margins of historic mineralization [2][9]. - The drill hole H-25-3546 reported a true mineralized thickness exceeding 10 meters, with an average copper equivalent (CuEq) of 1.72% over 16.0 meters [6][9]. - The results include notable intervals such as 3.15% CuEq over 2.0 meters and 2.64% CuEq over 3.0 meters in hole H-25-3545 [9]. Group 2: Future Plans and Exploration Strategy - In response to the positive results, the company has mobilized a second drill rig and is conducting a 10,000-meter drill program at the Buchans Project [3][5]. - The focus will be on the Clementine South area, where recent 3D IP surveys have identified several promising, untested targets characterized by strong chargeability response anomalies [15]. - The ongoing exploration aims to test the continuity and extent of mineralization, particularly in areas correlated with the newly identified geophysical anomalies [15]. Group 3: Project Background - The Buchans Project is a brownfield site covering 95 km², located near the historic Buchans Mine, which was one of the world's highest-grade base metal mines [16]. - The project also includes the undeveloped Lundberg deposit, which is well-suited for open-pit development and contains significant near-surface resources [16][22].
American Critical Minerals Highlights Recent Addition of Potash to Proposed US Critical Minerals List and Recent US Government Awards for Potash Developers
Accessnewswire· 2025-09-23 09:00
Core Viewpoint - The U.S. Federal Government has officially added Potash to the US Geological Survey's draft Critical Minerals List, which is updated every three years, with finalization expected soon after a public comment period [1] Group 1 - The addition of Potash to the Critical Minerals List is seen as a positive development for American Critical Minerals Corp [1] - The final version of the updated Critical Minerals List is anticipated to be released shortly after a 30-day public comment period [1]
Troy Minerals Reports Completion of 2025 Summer Field Program and Progress at Table Mountain High-Purity Silica Project, British Columbia, Canada
Accessnewswire· 2025-09-22 13:40
Group 1 - The company has completed its planned 2025 summer field exploration program at the Table Mountain Project [1] - The Table Mountain Project is 100% owned by the company and is located near Golden, British Columbia, Canada [1] - A National Instrument 43-101 technical report was filed last month, revealing a maiden Mineral Resource Estimate of 56,945,602 tonnes Inferred at an average grade of 98.91% SiO2 with very low levels of impurities [1]
Canadian Critical Minerals Closes $600,000 Flow-Through Financing
Newsfile· 2025-09-19 21:22
Financing Details - Canadian Critical Minerals Inc. (CCMI) has completed a flow-through financing raising gross proceeds of $600,000, consisting of 17,142,858 flow-through units priced at $0.035 each [1][2] - Each unit includes one flow-through share and one-half of a common share purchase warrant, which can be exercised at $0.05 per share for three years [1][2] - The company paid cash finders fees of $42,000 and issued 1,200,000 finder warrants, also exercisable at $0.05 per share for three years [2] Use of Proceeds - The proceeds from the financing will be allocated for exploration and development activities at the Bull River Mine project located near Cranbrook, British Columbia [2] Company Overview - CCMI is primarily focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project, which contains 150 million lbs of copper along with gold and silver resources [3] - The company also holds a 9% interest in XXIX Metal Corp., which owns the Thierry copper project in Ontario and the Opemiska copper project in Quebec [3]
LaFleur Minerals Closes Unit Offering
Newsfile· 2025-09-19 15:50
Core Points - LaFleur Minerals Inc. has completed a non-brokered private placement of units at a price of $0.48 per unit, raising gross proceeds of $553,281.12 [1][3] - A total of 1,152,669 units were issued, with each unit consisting of one common share and one transferable common share purchase warrant [2][3] - The warrants allow the holder to purchase an additional common share at $0.75 for 24 months, with an accelerated expiry clause if the share price exceeds $0.90 for 14 consecutive trading days [2][3] Financial Details - The gross proceeds from the offering will be allocated to exploration initiatives at the Swanson Gold Project, operational purposes at the Beacon Gold Mill, working capital, and general corporate expenses [3] - The securities issued are subject to a statutory hold period expiring on January 19, 2026 [3] Company Overview - LaFleur Minerals Inc. focuses on developing gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, particularly the Swanson Gold Deposit and the Beacon Gold Mill [5] - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects previously held by other mining companies [5] - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project and custom milling for nearby projects [5]
Search Minerals Announces Board Appointment
Newsfile· 2025-09-19 13:15
Core Insights - Search Minerals Inc. has appointed Mr. Michael Pearson to its Board of Directors, bringing over 30 years of international business leadership experience in mining and technology [1][2][3] - Mr. Pearson is currently the CEO of CONTAX Inc. and Petra Holdings, and has held leadership roles in various mining companies, indicating a strong background relevant to Search Minerals' strategic goals [2][3] - The company is focused on advancing the North American rare earths supply chain, with plans to transition its critical rare earth element district from exploration to a new mine in southeastern Labrador [3] Company Overview - Search Minerals is dedicated to exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium (Zr) and Hafnium (Hf) in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] - The company controls two deposits (Foxtrot and Deep Fox), two drill-ready prospects (Fox Meadow and Silver Fox), and several other CREE prospects along a 64-kilometer belt in Labrador [4] - Additionally, Search Minerals has CREE assets in the Red Wine CREE District of central Labrador, including the drill-ready Two Tom Lake CREE-Be-Nb deposit and other prospects [5]