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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]
RETRANSMISSION: LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec
Newsfile· 2025-03-03 14:15
Core Viewpoint - LaFleur Minerals Inc. is set to restart production at its Beacon Gold Mill in Val-d'Or, Québec, capitalizing on the rising gold prices, which are nearing a record of USD$3,000 per ounce, compared to USD$1,800 per ounce in early 2023 [2][3]. Group 1: Beacon Gold Mill Operations - The Beacon Gold Mill is fully permitted and was last operational in early 2023, with plans to restart in the coming months targeting an annual production of approximately 30,000 to 40,000 ounces of gold based on current mill capacity [2][3]. - The company is finalizing restart costs and expects to complete all necessary permits and updates by the end of Q2 2025 [2][4]. - The mill is located in the Abitibi Gold Belt, a region known for its rich mineral deposits and historical mining activity [1][3]. Group 2: Swanson Gold Project - The Swanson Gold Project spans over 15,000 hectares and includes several gold-rich prospects previously held by other mining companies [5][19]. - The project has a significant mineral resource estimate, including an indicated resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, containing 123,400 ounces of gold, and an inferred resource of 872,000 tonnes at 2.3 g/t gold, containing 64,500 ounces of gold [9]. - Recent exploration activities include a high-resolution airborne magnetics program and an induced polarization geophysics survey, with plans for an aggressive drilling program in spring and summer 2025 [9][10]. Group 3: Acquisition and Financial Details - LaFleur Minerals has entered into a Property Purchase Agreement to acquire 100% interest in 17 mining claims covering approximately 699 hectares contiguous to the Swanson Gold Project for a cash payment of $15,000 and the issuance of 150,000 common shares [10][11]. - The acquisition enhances the company's resource base and development potential in the Val-d'Or region [10][19].
Panther Minerals Announces Director Resignation
Thenewswire· 2025-02-28 23:30
Vancouver, British Columbia - TheNewswire – February 28th, 2025- Panther Minerals Inc. (“Panther Minerals” or the “Company”) (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) announces that Mr. Sebastian Lowes has resigned from the Board of Directors, effective immediately.The Company would like to thank Mr. Lowes for his valuable contributions and dedication during his tenure as a director. The Company wishes him all the best in his future endeavors.About Panther Minerals Inc.Panther Minerals is a mineral exploration c ...
LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec
Newsfile· 2025-02-28 21:37
Core Viewpoint - LaFleur Minerals Inc. is set to restart production at its Beacon Gold Mill in Val-d'Or, Québec, capitalizing on the rising gold prices, which are nearing a record of USD$3,000 per ounce, and aims to produce approximately 30,000 to 40,000 ounces of gold annually [2][3][4]. Group 1: Beacon Gold Mill Operations - The Beacon Gold Mill is fully permitted and was last operational in early 2023 when gold was priced at USD$1,800 per ounce [3]. - The mill has been under care and maintenance since early 2023 and is now being prepared for a restart, with all necessary permits expected to be finalized by the end of Q2 2025 [3][5]. - The company is assessing nearby gold deposits and engaging with neighboring mining companies for potential custom milling agreements [4][5]. Group 2: Swanson Gold Project - The Swanson Gold Project spans over 15,000 hectares and includes several gold-rich prospects previously held by other mining companies [6][20]. - The project has undergone extensive drilling, with over 36,000 meters completed, and is strategically located within 50 km of the Beacon Gold Mill [7][10]. - LaFleur Minerals has acquired 17 additional mining claims adjacent to the Swanson Gold Project, enhancing its resource potential [10][12]. Group 3: Mineral Resource Estimates - The Swanson Gold Deposit hosts an indicated mineral resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, containing approximately 123,400 ounces of gold [10]. - An inferred mineral resource estimate indicates 872,000 tonnes at an average grade of 2.3 g/t gold, containing about 64,500 ounces of gold [10]. Group 4: Future Plans and Developments - The company is planning an aggressive drilling program for spring and summer 2025 to increase the existing mineral resource and evaluate the open-pit mining potential of the Swanson gold deposit [10]. - LaFleur Minerals is also working on expediting the permitting process for the Swanson Gold Project to facilitate the supply of mineralized material to the Beacon Gold Mill [10].
Fitzroy Minerals Provides Update on Ptolemy Acquisition
Thenewswire· 2025-02-28 14:15
Core Points - Fitzroy Minerals Inc. is in the process of acquiring Ptolemy Mining Limited through a share exchange agreement dated October 30, 2024 [1] - The deadline for completing the acquisition has been extended to March 31, 2025 [2] - The company received conditional approval from the TSX Venture Exchange for the acquisition, pending the completion of an audit on Ptolemy's financial statements and a non-brokered private placement [3] - The private placement aims to raise between $2.5 million and $3 million by issuing 16,666,666 to 20,000,000 units at a price of $0.15 per unit [3] - Each unit consists of one common share and one-half of a common share purchase warrant, with the full warrant allowing the purchase of one common share at $0.25 for three years [3] - The private placement is fully subscribed, and both the acquisition and the offering are expected to close concurrently in March, subject to certain conditions [4] Company Overview - Fitzroy Minerals focuses on exploring and developing mineral assets in the Americas, with projects including Caballos Copper and Polimet Gold-Copper-Silver in Chile, Taquetren Gold in Argentina, and Cariboo in Canada [6]
Canterra Minerals Selected for PDAC Core Shack
Newsfile· 2025-02-28 12:00
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") announces that it has been selected by the Prospectors & Developers Association of Canada ("PDAC") 2025 technical committee to display drill core from its Buchans Critical Minerals project located in Central Newfoundland at the PDAC Convention's Core Shack.The Core Shack is a distinct exhibit at the PDAC Convention, considered the world's foremost mining ...