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CopAur Minerals To Acquire The Royal Vindicator Project
Newsfile· 2025-07-07 20:38
Core Viewpoint - CopAur Minerals Inc. has entered into a purchase agreement to acquire Chester Holdings Inc. and its subsidiary, which includes rights to mine and process materials from the Royal Vindicator property in Georgia, USA [1][2]. Acquisition Details - The acquisition involves a total purchase price of US$6,569,811.31, with payments structured as follows: US$700,000 in cash at closing, US$2,500,000 in cash or shares at CopAur's discretion, and US$3,369,811.31 in debt repayment over six years [2][3]. - Additional obligations include a US$1,000,000 working capital contribution for 2025, a US$250,000 reimbursement to a third party, and a US$250,000 finder's fee [3]. Financing and Conditions - The acquisition is contingent upon CopAur securing a minimum financing of US$1,850,000 by August 15, 2025 [4]. - The transaction is subject to acceptance by the TSX Venture Exchange [5]. Company Background - CopAur is focused on developing mining projects in Nevada, with its flagship project being the Kinsley Mountain Gold Project [7].
Chester Millar Joins CopAur Minerals
Newsfile· 2025-07-07 15:21
Core Viewpoint - CopAur Minerals Inc. has appointed Chester Millar and Duane Nelson to its Advisory Board, enhancing its expertise in mine development and innovative extraction technologies, which is crucial for advancing its high-potential gold assets in Nevada [1][5]. Group 1: Advisory Board Appointments - Chester Millar is recognized for pioneering heap leach gold extraction, significantly reducing production costs and enabling the development of numerous profitable gold mines [2][4]. - Millar's experience includes transforming Glamis Gold Ltd. into a major North American gold producer, culminating in its acquisition by Goldcorp for US$8.2 billion in 2006 [2][4]. - Duane Nelson, founder and CEO of Innovation Mining Inc., brings expertise in environmentally responsible metallurgy, focusing on eco-friendly metal extraction processes [5][6]. Group 2: Strategic Importance - The addition of Millar and Nelson is expected to accelerate CopAur's path to production, particularly for its Kinsley Mountain and Troy Canyon oxide gold assets [4][5]. - The current market conditions, including high gold prices and supportive U.S. policies, are viewed as favorable for building a gold mine [5][6]. Group 3: Stock Options - The Board of Directors has approved the grant of 4,200,000 stock options to various stakeholders at an exercise price of $0.15 per share, valid for five years [6].
Wealth Minerals Signs Memorandum of Understanding with Voith Hydro
Newsfile· 2025-07-07 11:30
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that it has entered into a Memorandum of Understanding (the "MOU") with Voith Hydro Holding GmbH & Co KG ("Voith Hydro") to develop the Pabellón Lithium Project (see press releases of February 6, 2025 and March 18, 2025) jointly with the Quechua Indigenous Community of Ollagüe ("CIQO") and further partners.Under the terms of this MOU, ...
Northern Dynasty Minerals shares surge on EPA settlement talks
Proactiveinvestors NA· 2025-07-04 15:51
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Fitzroy Minerals Announces Closing of First Tranche of Non-Brokered LIFE Offering
Thenewswire· 2025-07-03 13:15
Core Viewpoint - Fitzroy Minerals Inc. has successfully closed the first tranche of its non-brokered private placement, raising approximately $5 million through the issuance of 16,666,667 common shares at a price of $0.30 per share, with plans to raise up to $12 million in total from the LIFE Offering [1][2]. Group 1: Private Placement Details - The LIFE Offering is expected to consist of shares issued at $0.30 each, aiming for total gross proceeds of up to $12 million, with a minimum offering amount of $8 million [2]. - The offering is conducted under the listed issuer financing exemption and will not have a hold period under Canadian securities laws [3]. - A concurrent non-brokered private placement is planned for up to $1 million through the issuance of 3,333,333 shares at the same price of $0.30 per share [4]. Group 2: Use of Proceeds - The gross proceeds from the Private Placement will be allocated for exploration activities and property commitments on the Buen Retiro and Caballos projects, general administrative costs, and working capital [5]. Group 3: Finder's Fees and Insider Participation - In connection with the first tranche, the company will pay $400,000 in cash finder's fees and issue 1,333,332 finder's warrants, each exercisable at $0.50 for two years [7]. - Insider participation in the Concurrent Offering is anticipated, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [8][9]. Group 4: Company Overview - Fitzroy Minerals focuses on exploring and developing mineral assets in the Americas, with projects including Buen Retiro, Caballos, Taquetren, and Cariboo [11].
Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects
Newsfile· 2025-07-03 12:00
Core Insights - Ridgeline Minerals Corp. has announced assay results and drilling updates for its Big Blue and Atlas projects, highlighting high-grade mineralization in the Big Blue project [1][2][3] Big Blue Project - The Big Blue project includes three core holes totaling 2,072 meters, targeting induced polarization (IP) geophysical anomalies for high-grade copper-gold skarn and porphyry targets [3] - A significant intercept was reported in hole BB25-003, which returned 0.6 meters grading 0.7% Cu, 3,194 g/t Ag, and 2.6% W, equivalent to 35.3% copper equivalent, starting at a depth of 675.7 meters [4][5] - The Delker Mine corridor, which is part of the Big Blue project, shows high-grade mineralization extending over 500 meters beneath the historic mine and remains open for further exploration [2][4] Atlas Project - The Atlas project involved two core holes totaling 551 meters, aimed at testing for oxide gold mineralization within Pennsylvanian to Permian age limestones and conglomerates [6][18] - Initial results indicate potential for gold mineralization similar to the nearby Dark Star deposit, with observed Carlin-Type alteration and oxide mineralization down to approximately 200 meters [8][18] Future Exploration Plans - The company plans to continue drilling across its other projects, including Selena, Swift, and Black Ridge, with funding secured from partners for the latter three projects [2][19] - The exploration strategy will be refined based on the new drill data, particularly for the Ohio target, which has shown high-grade rock chip samples [5][6]
Pacific Bay Minerals Ltd. Announces $2 Million Private Placement to Advance Pereira-Velho Gold Project in Brazil
Newsfile· 2025-07-02 12:30
Core Viewpoint - Pacific Bay Minerals Ltd. is initiating a non-brokered private placement to raise up to $2,000,000 through the sale of 20,000,000 units at a price of $0.10 per unit [1][3] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.15 per share for 24 months [2] - The company may pay finder's fees of 7% cash and 7% finder's warrants on completed subscriptions, subject to TSX Venture Exchange policies [3] - The offering is expected to close around July 17, 2025, pending regulatory approvals [3] Group 2: Use of Proceeds - Net proceeds will primarily fund the acquisition of the Pereira-Velho Gold Project in Brazil and early-stage exploration [4] - Remaining funds may support exploration on Canadian assets and general corporate activities [4] Group 3: Insider Participation - Certain insiders may participate in the offering, which will be treated as a related party transaction under TSX Venture Exchange Policy 5.9 [5] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [5] Group 4: Management Changes - Elton Pereira has transitioned to the role of Country Manager, Brazil, aligning with the company's focus on the Pereira-Velho Gold Project [7] Group 5: Company Overview - Pacific Bay Minerals is a Canadian mineral exploration company focused on acquiring, exploring, and developing mining projects, particularly the Pereira-Velho Gold Project in Brazil [8]
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-In
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-InJuly 02, 2025 7:30 AM EDT | Source: Auranova Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uchi Project ...
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-in
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-inJuly 02, 2025 7:30 AM EDT | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uchi Project ...
Documents Available Regarding Ramaco's Brook Mine Rare Earth and Critical Minerals Project
Prnewswire· 2025-07-01 12:00
Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [1] - The company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development project near Sheridan, Wyoming, which is in the initial stages of production [1] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [1] Intellectual Property and Research - Ramaco Resources holds approximately 76 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its operations [1] - The company operates a carbon research and pilot facility focused on producing advanced carbon products and materials from coal [1] Communication and Investor Relations - Additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, is available on its website [1] - Investor relations can be contacted via email or phone for further inquiries [2]