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Glenstar Minerals Inc. Announces Closing of Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-26 16:25
Core Points - Glenstar Minerals Inc. has successfully closed a private placement financing of $3 million, issuing a total of 5,122,235 units at a price of $0.68 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.85 until August 26, 2027 [2] - The company plans to use the net proceeds for drilling and exploration activities at the Green Monster and Wild Horse properties, as well as for general administrative expenses [5] Group 1 - The private placement was conducted through Hampton Securities Limited, which exercised an over-allotment option to purchase additional units, resulting in total gross proceeds of $3,483,119.80 [1][2] - Glenstar paid a cash commission of 7% to the agent and granted non-transferable warrants to purchase 358,556 common shares at $0.68 per share until August 26, 2027 [3] - The offering was made under relevant prospectus and registration exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4] Group 2 - The company intends to allocate funds for specific activities, including drilling at the Green Monster Property and trenching at the Wild Horse Property [5] - The offering is part of the company's strategy to enhance exploration and development activities in its properties [5]
Resolution Minerals Limited to Present at the Clean Energy Metals Virtual Investor Conference August 28th
GlobeNewswire News Room· 2025-08-26 15:42
Company Overview - Resolution Minerals Limited is based in Adelaide and focuses on gold, silver, antimony, and tungsten [1][5] - The company is actively exploring its 100% owned Horse Heaven Antimony-Gold-Tungsten Project located in Valley County, Idaho, USA [5][6] Recent Developments - The company announced the acquisition of the Horse Heaven Project, which comprises 699 federal lode mining claims covering over 5,644 hectares [3][6] - The project has a historical gold resource of approximately 300,000 ounces and significant potential for increase [3][6] - High-priority target areas within the project include the Golden Gate and Antimony Ridge prospects, with shallow historical drilling confirming mineralization from the surface [3][6] Strategic Positioning - Horse Heaven shares its eastern boundary with Perpetua Resources' Stibnite Gold Project, which has a market cap of around $2 billion and hosts a 4.8 million ounce gold reserve [3][5] - Stibnite is expected to become one of the largest high-grade, low-cost gold mines in the USA, also serving as the only domestic source of antimony [5][8] - The Stibnite project has a solid history of production, yielding over 980,000 ounces of gold, 13.5 million pounds of tungsten, and 88 million pounds of antimony during WWII and the Korean War [7][8] Upcoming Events - Craig Lindsey, CEO of US Operations, will present live at the Clean Energy Metals Virtual Investor Conference on August 28, 2025 [1] - The event will allow investors to engage with the company in real-time, with archived webcasts available for those unable to attend live [1]
Power Metallic Mines appoints former cabinet minister Seamus O'Regan to its board
Proactiveinvestors NA· 2025-08-26 13:07
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [1][2] - The news team operates in major financial hubs including London, New York, Toronto, Vancouver, Sydney, and Perth, focusing on medium and small-cap markets as well as blue-chip companies [2][3] - Proactive covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - The company emphasizes the use of technology to enhance workflows and content production, adopting automation and software tools, including generative AI [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Locksley Resources Engages GreenMet to Advance its Critical Minerals Initiative with U.S. Government Entities
Prnewswire· 2025-08-26 12:35
Core Viewpoint - Locksley Resources has engaged GreenMet to advance its Mojave Critical Minerals Project, aiming to align with U.S. government initiatives and secure funding opportunities [1][2]. Group 1: Partnership and Strategic Importance - The partnership with GreenMet is expected to enhance Locksley's access to U.S. government grants, loans, and offtake programs, which are crucial for accelerating the Mojave Project's development [2]. - The U.S. Department of Energy has announced funding opportunities totaling $1 billion for critical minerals, which further validates the Mojave Project's significance in defense, technology, and energy markets [2][3]. Group 2: Leadership and Expertise - GreenMet is led by Drew Horn, a former U.S. official with expertise in critical minerals strategy and experience in securing funding for projects addressing strategic vulnerabilities [4]. - The leadership team also includes Mark Green and Retired General David Barrett, who bring extensive experience and relationships within the U.S. national security community, positioning GreenMet to effectively guide Locksley's government engagement [5]. Group 3: Project Overview and Market Context - Locksley Resources is focused on critical minerals and base metals, with the Mojave Project targeting rare earth elements and antimony, located in California's Mojave Desert [7]. - The Mojave Project is strategically positioned to support U.S. objectives for critical mineral independence, especially in light of rising geopolitical tensions and the need to diversify supply chains away from China [7].
Signing at the German-Canadian Critical Minerals Round Table in Berlin: Rock Tech Lithium and ENERTRAG SE Enter Strategic Partnership for Sustainable Energy Supply of the Lithium Hydroxide Converter in Guben
Prnewswire· 2025-08-26 11:41
Core Insights - The partnership between Rock Tech Lithium and ENERTRAG aims to supply renewable energy for lithium hydroxide production, significantly reducing CO2 emissions and contributing to European climate targets [2][4][5] Renewable Energy Supply - ENERTRAG plans to provide at least 70 GWh of renewable electricity annually, covering over 50% of the converter's expected electricity demand [1] - From 2030, at least 50% of the total electricity demand for the converter will be met by renewable sources [3] Decarbonization Efforts - The collaboration is positioned as a model for decarbonizing European industry, emphasizing cross-border and cross-company cooperation [3][4] - The project is expected to reduce indirect CO2 emissions (Scope 2 GHG) by at least 25% for Rock Tech [1] Strategic Importance - The agreement was signed during the German-Canadian Critical Minerals Round Table, highlighting the strategic partnership between Canada and Germany in clean energy and critical minerals [5] - Rock Tech's Guben converter project is recognized as a strategic initiative under the EU Critical Raw Materials Act, supporting local supply chains [7] Company Profiles - Rock Tech Lithium focuses on creating a sustainable and transparent value chain for lithium production, with projects in Germany and Canada [6][7] - ENERTRAG has over 25 years of experience in the energy transition, operating interconnected power plants and developing energy projects globally [10]
Dorchester Minerals: Oil Sales Volumes Drop In Q2 2025
Seeking Alpha· 2025-08-22 02:56
Group 1 - Dorchester Minerals (NASDAQ: DMLP) announced a distribution of approximately $0.62 per unit for Q2 2025, which represents a decrease of around 15% compared to its Q1 2025 distribution [2] - The decline in distribution was attributed to lower sales volumes and weaker commodity prices [2] Group 2 - The article highlights the expertise of Aaron Chow, who has over 15 years of analytical experience and is recognized as a top-rated analyst on TipRanks [2] - Aaron Chow co-founded a mobile gaming company that was acquired by PENN Entertainment and has experience in designing economic models for mobile apps with significant user engagement [2]
Glenstar Minerals Inc. Announces Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-20 23:12
Core Points - Glenstar Minerals Inc. has amended its private placement agreement to raise up to $3,060,000 by offering 4,500,000 units at a price of $0.68 per unit, each consisting of one common share and one warrant [1][2] - The additional funds will be utilized to enhance and expedite the drilling program at the Green Monster Property [2][6] - The offering includes an option for the agent to sell up to an additional 675,000 units for gross proceeds of up to $459,000 [2] - The price of the Compensation Options has been adjusted to $0.68 to align with the Offering Price [3] - The offering will be conducted under specific Canadian securities regulations and will not be registered under U.S. securities laws [4][8] - The net proceeds from the offering will be allocated for drilling, trenching, exploration activities, and general administrative expenses [6] - The closing of the offering is anticipated in August 2025, subject to customary conditions [7]
Highland Critical Minerals to spin out Highland Red Lake Gold
Proactiveinvestors NA· 2025-08-20 13:50
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Cordoba Minerals Announces Filing and Mailing of Special Meeting Materials in Connection with Proposed Sale of the Alacran Project and Provides Transaction Update
Newsfile· 2025-08-19 22:09
Core Viewpoint - Cordoba Minerals Corp. is moving forward with the proposed sale of its remaining 50% interest in the Alacrán Project and other exploration assets in Colombia, along with a cash distribution plan for shareholders, pending shareholder approval at a special meeting scheduled for September 15, 2025 [1][4][8]. Group 1: Transaction Details - The company has filed a management information circular and related materials for a special meeting to discuss the proposed sale of its assets and the cash distribution to shareholders [1][2]. - Shareholders of record as of August 11, 2025, are eligible to vote on the proposed transaction and distribution [2][3]. - The Board of Directors recommends that shareholders vote in favor of both the Transaction Resolution and the Distribution Resolution [4]. Group 2: Meeting Logistics - The special meeting will be held online on September 15, 2025, at 10:00 a.m. Pacific time, with provisions for adjournment or postponement [5]. - Shareholders are encouraged to vote in advance using the provided proxy or voting instruction form [5][6]. Group 3: Transaction Update - The completion of the transaction is contingent upon the approval of the Environmental Impact Assessment by Colombia's environmental authority, shareholder approval, and final approval from the TSX Venture Exchange [8]. - The company anticipates closing the transaction in the fourth quarter of 2025, having already received conditional approval from the TSX Venture Exchange [8]. Group 4: Distribution Information - Registered shareholders must complete a residency declaration form to be eligible for the cash distribution, which will be included with the meeting materials [9]. - Further details regarding the distribution and the residency declaration form are available in the management information circular [9]. Group 5: Company Overview - Cordoba Minerals Corp. focuses on the exploration, development, and acquisition of copper and gold projects, including the Alacrán Project in Colombia and the Perseverance Copper Project in Arizona, USA [10].
LaFleur Minerals Files Amended and Restated Offering Document
Newsfile· 2025-08-19 21:15
Core Viewpoint - LaFleur Minerals Inc. has revised its financing offerings, including a non-brokered private placement and a charity flow-through offering, aimed at raising funds for exploration and operational initiatives [1][2][6]. Financing Details - The LIFE Offering will consist of a minimum of 3,125,000 units priced at $0.48 per unit, targeting gross proceeds of approximately $1,500,000, with a maximum of 6,000,000 units for up to $2,880,000 [2][3]. - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 24 months [2]. - The charity flow-through offering will have a minimum of 1,449,276 units at $0.69 per unit, aiming for gross proceeds of about $1,000,000, with a maximum of 3,750,000 units for $2,587,500 [6][7]. Use of Proceeds - Proceeds from the LIFE Offering will be allocated to exploration at the Swanson Gold Project, operational costs at the Beacon Gold Mill, and general corporate expenses [3]. - Funds from the charity flow-through offering will be used for Canadian Exploration Expenses related to the Swanson Gold Project [7]. Regulatory Compliance - The offerings will be conducted under the listed issuer financing exemption, excluding Quebec and other qualifying jurisdictions [4]. - Securities from the LIFE Offering will not have a hold period, while those from the charity flow-through offering will be subject to a four-month hold period [5][8]. Closing Timeline - The closing of the offerings is anticipated around August 29, 2025, subject to adjustments by the company [9]. Compensation for Brokers - The company will pay a 7.0% cash commission to qualified finders and brokers, along with broker warrants equivalent to 7.0% of the units sold [10].