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Sokoman Minerals Corp. Files for Final Approval of Non-Brokered Flow-Through Private-Placement Financing
Newsfile· 2025-06-10 19:12
Core Viewpoint - Sokoman Minerals Corp. is seeking final approval for its non-brokered flow-through private-placement financing, aiming to raise a total of CAD$400,000 through the issuance of 8,000,000 flow-through common shares [1][2]. Financing Details - The first tranche of the financing closed on April 30, 2025, with 6,000,000 flow-through common shares issued [2]. - Upon receiving Exchange approval, an additional 2,000,000 flow-through common shares will be issued, bringing the total to 8,000,000 shares [2]. - The company will pay CAD$6,000 in cash finders' fees for the second tranche, totaling CAD$24,000 in finders' fees for the entire financing [3]. Use of Proceeds - The gross proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses, which qualify as flow-through mining expenditures, by December 31, 2026 [4]. - The company intends to allocate the flow-through proceeds specifically to its exploration projects [5]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship project is the 100%-owned Moosehead project, along with other projects like Crippleback Lake and Fleur de Lys [6]. - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7].
Canadian Critical Minerals Generates Record Revenues of USD$358,000 from Bull River Mine in May 2025
Newsfile· 2025-06-10 14:57
Core Insights - Canadian Critical Minerals Inc. (CCMI) reported record revenues of approximately USD$358,000 from the sale of stockpiled mineralized material in May 2025 [1][6] - The company trucked 1,437 dry metric tonnes of sorted mineralized material to New Afton, which included high-grade copper, gold, and silver [1][2] - The mineralized material sent to New Afton had a grade of 3.06% Cu, 0.78 g/t Au, and 22.9 g/t Ag [1] Company Overview - CCMI is primarily focused on copper production assets in Canada, with its main asset being the Bull River Mine project, which contains 150 million lbs of copper [3] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry copper project and the Opemiska copper project [3] Operational Context - The mineralized material was sorted and stockpiled during March and April 2025 due to road restrictions, and new material was processed in May 2025 [2] - The sale of mineralized material helps offset care and maintenance costs for the Bull River Mine and provides funding for the permit process to restart operations [3]
Aura Minerals Announces the Results of the Preliminary Economic Assessment for the Era Dorada Project
GlobeNewswire News Room· 2025-06-10 01:49
Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, previously known as the Cerro Blanco Project, indicating strong economic potential for the underground mining operation [1][3]. Group 1: Project Overview - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km² [4]. - The project is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [5]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of US$264 million, an after-tax net present value (NPV) of US$485 million, and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [3][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6]. Group 3: Mineral Resource Estimates - Indicated mineral resources are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][18]. - The project has a total initial implementation Capex of approximately US$264 million, with a payback period of about 3.5 years after operations commence [6]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development by various companies, including Goldcorp and Bluestone Resources [10][8]. - As of the end of 2021, Bluestone had drilled approximately 267 holes totaling 45,725 meters on the property since acquiring it from Goldcorp [10]. Group 5: Environmental and Social Considerations - Aura is committed to collaborating with local authorities and government agencies to ensure that the Era Dorada Project meets high environmental and social standards under its Aura 360 culture [3][22].
Cordoba Minerals Announces Voting Results from Annual General Meeting of Shareholders
Newsfile· 2025-06-10 00:15
Core Points - Cordoba Minerals Corp. held its Annual General Meeting of Shareholders on June 9, 2025, where all nominated directors were elected [1] - Shareholders voted overwhelmingly in favor of the re-appointment of Deloitte LLP as the company's auditors for the upcoming year [2] - The company's stock option plan was re-approved, allowing for the issuance of shares not exceeding 10% of the company's issued and outstanding shares, pending final approval from the TSX Venture Exchange [3] Company Overview - Cordoba Minerals Corp. is focused on the exploration, development, and acquisition of copper and gold projects, including the Alacran Project in Colombia and a 51% interest in the Perseverance Copper Project in Arizona, USA [4]
CopAur Minerals Announces $85,000 Non-Brokered Private Placement Increasing Previously Closed Financing $505,500 Private Placement
Newsfile· 2025-06-09 23:18
Core Viewpoint - CopAur Minerals Inc. has announced a non-brokered private placement financing for gross proceeds of $85,000, increasing the previously closed financing to a total of $590,500 [1][5]. Financing Details - The private placement will consist of 850,000 units priced at $0.10 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each whole warrant allows the holder to purchase an additional common share at a price of $0.15 for 18 months from issuance [2]. - An acceleration clause is included, allowing the company to shorten the expiry date of the warrants if the common shares trade at or above $0.20 for 10 consecutive trading days [3]. Related Party Transaction - Jeremy Yaseniuk, the CEO and a director, intends to subscribe for 350,000 units under the private placement, which is considered a related party transaction [4]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as the amount invested by the related party will not exceed 25% of the company's market capitalization [4]. Use of Proceeds - Proceeds from the private placement will be utilized to advance the company's exploration initiatives and for general working capital purposes [5]. Company Overview - CopAur is focused on developing projects in the mineral-rich mining regions of Nevada, with its flagship project being the Kinsley Mountain Gold Project [6].
Solis Minerals Seeks Delisting from TSXV
Newsfile· 2025-06-09 23:02
Core Viewpoint - Solis Minerals Limited is voluntarily delisting its common shares from the TSX Venture Exchange to focus on a primary listing on the Australian Securities Exchange, which is expected to enhance liquidity and reduce costs [2][3][8]. Company Actions - The company has applied for delisting from the TSXV, with the expected delisting date around June 23, 2025 [4][8]. - In conjunction with the delisting, Solis Minerals plans to re-domicile to Australia, pending shareholder and regulatory approvals [5][8]. Shareholder Impact - Existing TSXV shareholders can convert their shares into CHESS Depositary Interests (CDIs) to trade on the ASX [6][8]. - Approximately 8% of the company's securities are held by TSXV shareholders following a placement in February 2025 [8]. Operational Focus - The delisting and re-domiciliation are aimed at streamlining operations, allowing the company to focus resources on exploration activities, particularly in its copper-gold projects in southern Peru [7][8][12]. - The company holds 81 concessions totaling 69,200 hectares in its South American copper portfolio [12].
Aura Minerals Grows In Advance Of New U.S. IPO Plans
Seeking Alpha· 2025-06-09 16:57
He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initi ...
Fitzroy Minerals Drilling Update: 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswire· 2025-06-09 14:20
Core Viewpoint - Fitzroy Minerals Inc. has reported significant drilling results from the Buen Retiro Copper Project, indicating a large-scale and high-grade copper mineralization system, particularly highlighted by drill hole BRT-DDH022 which returned 110 m @ 1.94% Cu [1][2][5]. Exploration and Drilling Results - The ongoing drilling program at Buen Retiro has confirmed the presence of high-grade copper mineralization, with BRT-DDH022 intersecting 110 m @ 1.94% Cu and 416 ppm Co, including 58 m @ 3.06% Cu from 97 m [5][8]. - Historical drill holes in the Southwest Area have shown a trend with several hundred meters of strike length, returning intersections with grades over 1% copper [2][15]. - The project covers an area of 13,240 hectares and is strategically located near significant infrastructure, facilitating rapid development [3][30]. Future Exploration Plans - The company plans to drill at least 8,000 m in 2025, focusing on the Southwest and North areas, with potential use of a Reverse Circulation (RC) drill rig to accelerate exploration [7][23]. - Exploration efforts will target near-surface copper mineralization within a 1 km-wide by 4 km-long corridor, with ongoing assessments of deeper mineralization potential [3][23]. Geological Insights - The geology of BRT-DDH022 is characterized by typical Iron-Oxide Copper Gold (IOCG) style, with significant hydrothermal alteration and the presence of high-grade copper minerals [10][15]. - The mineralization in the Southwest Area is interpreted to be associated with a sub-vertical structure, enhancing the depth potential for copper [15][16]. Assay Results and Quality Control - Assay results from the ongoing drilling have shown promising intersections, with the best results from BRT-DDH022 indicating a maximum of 12.86% Cu over a 1.0 m sample [10][8]. - The company employs rigorous QA/QC procedures, including the use of certified standards and blanks to ensure the accuracy of laboratory analyses [24][26].
Canada Nickel Announces the Government of Ontario Recognition of Crawford as a Critical Minerals Priority and Nation-Building Project
Prnewswire· 2025-06-09 10:45
Group 1 - The Government of Ontario has recognized the Crawford Nickel Sulphide Project as a priority initiative for nation building, highlighting its strategic importance for critical minerals development [1][2][3] - The Crawford Project is one of five strategic critical minerals projects identified for near-term development, supported by additional provincial funding including a $500 million Critical Minerals Processing Fund and nearly $3.1 billion in loans and grants [2] - Canada Nickel Company aims to advance the Crawford Project as a secure domestic supply of critical minerals, including nickel, cobalt, and chromium, while fostering strong Indigenous partnerships and contributing to Canada's clean energy goals [3] Group 2 - The Crawford Project is located near Timmins, benefiting from direct access to essential infrastructure and established partnerships with Indigenous Nations [3] - Canada Nickel is focused on developing innovative carbon capture technology and aims for the Crawford Project to become one of Canada's largest carbon storage facilities, aligning with environmental and economic objectives [3] - The company is advancing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless-steel markets, with a focus on producing net zero carbon nickel, cobalt, and iron products [4]
Panther Minerals Closes Debt Settlement
Thenewswire· 2025-06-07 00:30
Core Viewpoint - Panther Minerals Inc. has successfully completed a debt settlement agreement to address outstanding debts totaling CAD $14,785.71, enhancing its cash position for working capital purposes [1][2]. Group 1: Debt Settlement Details - The company issued 924,106 common shares at a deemed price of CAD $0.016 per share as part of the debt settlement [1]. - The shares issued are subject to a hold period of four months and one day, in accordance with National Instrument 45-105 – Prospectus Exemptions [1]. Group 2: Company Overview - Panther Minerals is engaged in mineral exploration, focusing on its North American project portfolio [3]. - The acquisition of the Boulder Creek option demonstrates the company's commitment to pursuing advanced and high-quality uranium projects that can be efficiently explored [3].