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Casa Minerals Inc. Announces Closing of First Tranche of Private Placement
TMX Newsfile· 2026-02-03 23:35
Core Viewpoint - Casa Minerals Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $614,625 through the issuance of 4,917,000 units at a price of $0.125 per unit [1] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire an additional share for two years until February 04, 2028 [2] - The warrant exercise price is set at $0.15 per share for the first three months, increasing to $0.20 per share thereafter for the remaining period [2] - A Finder's Fee of $24,000 has been paid to registered financial institutions involved in the offering [3] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for general administration, exploration, and development activities on the Company's projects located in Arizona and British Columbia, Canada [4] - The Company plans to continue raising the remaining placement in the upcoming week [4] Group 3: Company Overview - Casa Minerals Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada and the USA, holding a 90% interest in the Congress gold mine in Arizona and a 100% interest in the Pitman polymetallic property in British Columbia [6] - The Company also has an option to acquire a 75% interest in the Arsenault VMS Property in British Columbia [6]
Search Minerals Announces CEO Resignation
TMX Newsfile· 2026-02-03 23:17
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - February 3, 2026) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") announces that Joseph Lanzon has resigned as Chief Executive Officer and a director of the Company, effective immediately. The Board of Directors thanks Mr. Lanzon for his dedication and his tireless devotion to moving the Company's flagship project forward. The Board of Directors and the Company wish Mr. Lanzon success in his future endeavors. The Board of Direc ...
Showcase Minerals Acquires a Comstock Silver Property and Plans a Drill Program on the Grassy Claims
TMX Newsfile· 2026-02-03 21:58
Core Viewpoint - Showcase Minerals Inc. has entered into an option agreement to acquire a significant silver property in British Columbia, which includes three mineral claims covering 2080.8 hectares and the former Comstock mine [1][4]. Property Acquisition - The property acquisition allows the company to earn a 100% interest, subject to a 3% net smelter returns royalty, through cash payments of $300,000 over two years and issuing shares valued at $100,000 on each anniversary of the agreement [4]. Historical Context - The Comstock mine has a historical production record from 1898 to 1920, with a total of 455 tonnes of ore mined, yielding 1,687,774 grams of silver, 12,387 grams of gold, 217,634 kilograms of lead, and 126,657 kilograms of zinc [2]. Geological Features - The mineralization at the Comstock mine is characterized by quartz veins within a brecciated zone, containing galena, sphalerite, minor tetrahedrite, and trace pyrargyrite [3]. Grassy Gold Project - The company is planning a spring drill program for the Grassy Gold Project, located near the Premier Gold Mine, which historically produced over two million ounces of gold [5]. Mineralization Details - The Grassy property features epithermal, low sulphidation mineralization, primarily consisting of pyrite, sphalerite, galena, and chalcopyrite within quartz-carbonate breccia veins [6]. Geochemical Program Results - In the 2024 geochemical program, the Rama Vein samples showed gold values between 12.68 to 31.9 ppm, silver values from 376 to 1,812 ppm, lead values from 0.3% to 39.89%, and zinc values from 0.68% to 26.93% [8]. Private Placement Financing - The company plans to complete a non-brokered private placement of up to 8,000,000 units at $0.10 per unit, aiming for total gross proceeds of up to $800,000, with specific allocations for flow-through shares and general working capital [9][10]. Insider Participation - Insiders may participate in the private placement, with exemptions from formal valuation and minority shareholder approval requirements [11]. Company Overview - Showcase Minerals Inc. focuses on the exploration and acquisition of mineral properties, particularly in British Columbia's precious metal sectors, including the Golden Triangle and historic silver districts [14].
Meta Critical Minerals Announces Private Placement With Strategic Advisory Support From Leading New York Investment Bank Revere Securities
Accessnewswire· 2026-02-03 21:15
Core Viewpoint - Meta Critical Minerals Inc. is initiating a non-brokered private placement offering of up to 30,000,000 units at a price of $0.20 per unit, aiming to raise up to $6,000,000, with Revere Securities LLC acting as a strategic advisor [1][4]. Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional common share at $0.30 for two years [2]. - The company holds an acceleration right for the warrants, which can be triggered if the common shares close at $0.45 or above for 10 consecutive trading days, allowing the company to notify warrant holders of an expiration date [3]. - Finder's fees may be paid to eligible finders in accordance with applicable securities laws and Canadian Securities Exchange policies [4]. Group 2: Use of Proceeds - Proceeds from the offering are intended to advance the company's various projects, marketing efforts, and general working capital [4]. Group 3: Company Overview - Meta Critical Minerals Inc. focuses on acquiring, exploring, and developing critical-mineral assets, targeting commodities essential for advanced manufacturing and electrification [7]. - The company's assets are located in regions with strong demand for critical minerals, including North America and Central-East Asia, emphasizing near-term production potential and disciplined capital allocation [7].
Ivanhoe Electric Executive Chairman Robert Friedland Joins U.S. President Donald J. Trump at the White House for Minerals Stockpile Announcement
TMX Newsfile· 2026-02-03 20:10
Core Insights - Ivanhoe Electric Inc. is involved in a $12 billion initiative called Project Vault aimed at building a U.S. strategic minerals stockpile to enhance supply chain security and reduce dependence on China [1][2][3] Group 1: Project Vault - Project Vault combines $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank to procure and store essential minerals [2] - The initiative was launched on February 2, 2026, during a press conference at the White House, attended by key figures from the mining and manufacturing sectors, including Robert Friedland and Mary Barra [3][4] - The project aims to create a resilient domestic supply of critical minerals for U.S. industries [6] Group 2: Santa Cruz Copper Project - Ivanhoe Electric is advancing the Santa Cruz Copper Project in Arizona, which is expected to produce refined copper cathode by late 2028 [1][10] - The project is designed to produce 99.99% pure copper cathode over a 23-year mine life using a 100% heap leach process, minimizing the need for offshore smelting and refining [10] - The Santa Cruz Copper Project is positioned to become a major domestic producer of refined copper, leveraging modern mining technologies and Arizona's rich mining history [10] Group 3: Company Overview - Ivanhoe Electric focuses on developing mines from mineral deposits primarily located in the United States, aiming to support American supply chain independence [11] - The company employs advanced technologies, including the Typhoon™ geophysical surveying system, to enhance mineral exploration and discovery [11] - Ivanhoe Electric also operates a joint venture with Saudi Arabian Mining Company and has established an exploration alliance with BHP Mineral Resources Inc. to search for critical minerals [11]
Wealth Minerals Closes First Tranche of Private Placement
TMX Newsfile· 2026-02-03 18:30
Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America, particularly in Chile [4] - The company is also working to diversify its asset base to include precious metal projects [4] Recent Financial Activity - The company has closed the first tranche of a private placement, issuing 12,750,000 units at $0.08 per unit, resulting in gross proceeds of $1,020,000 [1] - Each unit consists of one common share and one-half of one common share purchase warrant at $0.12, expiring on January 30, 2028 [1] - Finder's fees were paid to various entities, including Red Cloud Securities Inc., EDE Asset Management Inc., and IBK Capital Corp. [2] Market Position and Strategy - The company is strategically advancing battery metal projects where it has a competitive advantage in project selection and initial evaluation [5] - Wealth Minerals is positioning itself to benefit from the anticipated future mismatch of supply and demand in the lithium market, driven by structural issues in the industry [5] - The company believes that other battery metals will also benefit from similar trends in the market [5]
Ivanhoe Mines Founder and Executive Co-Chairman Robert Friedland Meets with U.S. President Donald J. Trump at the White House for the Launch of Project Vault, a $12 Billion Strategic Critical Minerals Stockpile
TMX Newsfile· 2026-02-03 14:30
Core Insights - Ivanhoe Mines is in advanced discussions with Gécamines and Mercuria to supply the U.S. with critical minerals from the Kipushi Mine, which is known for its ultra-high-grade zinc-copper-lead-germanium-gallium production [1][5] - Project Vault, a $12 billion initiative, aims to build a strategic reserve of critical minerals in the U.S., combining $1.67 billion in private capital with a $10 billion loan from the Export-Import Bank [2][3] Group 1: Project Vault and Its Implications - Project Vault was officially launched on February 2, 2026, in the Oval Office, with key figures from the mining and manufacturing sectors in attendance, including Robert Friedland and Mary Barra [3][4] - The initiative is designed to enhance supply chain security for critical minerals, which are essential for various industries [2] Group 2: Kipushi Mine Production and Resources - The Kipushi Mine's 2026 production guidance is set at 240,000 to 290,000 tonnes of zinc concentrate, which also includes significant quantities of germanium and gallium [8] - The mine's 2018 Measured and Indicated Mineral Resources are estimated at 11.78 million tonnes, with a zinc grade of 35.34%, and contain approximately 9.2 billion pounds of zinc and 24.4 million ounces of germanium [9] Group 3: Strategic Importance of Minerals - Germanium and gallium are identified as strategic metals used in various high-tech applications, including electronic devices and solar power arrays [10] - The demand for these critical minerals has surged due to advancements in technology, particularly in AI and big data centers [9]
Dryden Gold Corp. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference February 10th
Globenewswire· 2026-02-03 13:35
Company Overview - Dryden Gold Corp. is an exploration company focused on discovering high-grade gold mineralization in Northwestern Ontario, listed on TSX Venture Exchange (DRY), OTCQB (DRYGF), and FSE (X7W) [4] - The company controls a 100% interest in a strategic land position in the Dryden District, which includes historic gold mines with limited modern exploration [4] - The property features high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone [4] - Dryden Gold has a strong management team and Board of Directors with a proven track record in building shareholder value through property acquisition, exploration success, and mergers and acquisitions [4] Upcoming Events - Maura Kolb, P. Geo., President of Dryden Gold, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10th, 2026 [1] - The conference will be held at 10:30 am ET/8:30 am PT, and investors can register for 1x1 meetings on February 10th and 17th [2] - An archived webcast will be available for those unable to attend the live event [2] Event Details - The Virtual Investor Conferences (VIC) series provides an interactive platform for publicly traded companies to present directly to investors [6] - VIC aims to enhance investor engagement by offering companies efficient access to investors, scheduling targeted one-on-one meetings, and utilizing dynamic video content [7]
Cabral Gold Inc. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference February 10, 2026
Globenewswire· 2026-02-03 13:35
Company Overview - Cabral Gold is a junior gold exploration and development company with a market cap of C$200 million, focused on the Cuiu Cuiu gold project in Brazil [3] - The Cuiu Cuiu district is located adjacent to GMining's Tocantinzinho gold mine, which is the third largest gold mine in Brazil, valued at $500 million [3] Project Development - Cabral plans to develop the Cuiu Cuiu district in two stages, with Stage 1 currently under construction and fully funded, expected to produce 25,000 ounces per year at an all-in cash cost of US$1,210 per ounce starting in Q4 2026 [3] - The Pre-Feasibility Study released in July 2025 indicated an after-tax Internal Rate of Return (IRR) of 78% and a Net Present Value (NPV5) of $74 million at a base case gold price of $2,500 per ounce [3] Resource Estimates - As of September 2022, the Cuiu Cuiu project has indicated resources of 12.29 million tonnes at 1.14 g/t gold (450,200 ounces) in primary material and 13.56 million tonnes at 0.50 g/t gold (216,182 ounces) in oxide material [4] - Inferred resources total 13.63 million tonnes at 1.04 g/t gold (455,100 ounces) in primary material and 6.40 million tonnes at 0.34 g/t gold (70,569 ounces) in oxide material [4] - The company has made significant discoveries since 2022 and plans to update resource estimates in 2026 [4] Exploration Activities - Cabral currently operates three exploration drill rigs and aims to generate significant news flow over the next 12 months by targeting over 50 exploration targets identified outside of the current resource base [5] - The management team has a successful track record, having been responsible for five grassroots gold discoveries in Brazil, three of which are now operational mines [5] - The CEO has personally invested $2 million in the company to date, indicating strong confidence in the project [5] Upcoming Events - Dr. Alan Carter, Founder, President & CEO of Cabral Gold, will present at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10, 2026, at 10:30 AM ET [1] - The event will allow real-time interaction with investors, and an archived webcast will be available for those unable to attend live [2]
American Pacific Welcomes Launch of US "Project Vault" Strategic Critical Minerals Reserve and Highlights Potential Role of Its Madison Copper-Gold Project, Montana
TMX Newsfile· 2026-02-03 12:00
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific", or the "Company") is pleased to comment on the Trump Administration's newly announced strategic critical minerals reserve, "Project Vault," and the potential implications for the Company's Madison Copper-Gold Project ("Madison" or the "Project") in Montana, USA.On February 2, US President Donald Trump announced the creation of Project Vault, a first-of ...