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American Critical Minerals Highlights Recent Addition of Potash to Proposed US Critical Minerals List and Recent US Government Awards for Potash Developers
Accessnewswire· 2025-09-23 09:00
Core Viewpoint - The U.S. Federal Government has officially added Potash to the US Geological Survey's draft Critical Minerals List, which is updated every three years, with finalization expected soon after a public comment period [1] Group 1 - The addition of Potash to the Critical Minerals List is seen as a positive development for American Critical Minerals Corp [1] - The final version of the updated Critical Minerals List is anticipated to be released shortly after a 30-day public comment period [1]
Troy Minerals Reports Completion of 2025 Summer Field Program and Progress at Table Mountain High-Purity Silica Project, British Columbia, Canada
Accessnewswire· 2025-09-22 13:40
Group 1 - The company has completed its planned 2025 summer field exploration program at the Table Mountain Project [1] - The Table Mountain Project is 100% owned by the company and is located near Golden, British Columbia, Canada [1] - A National Instrument 43-101 technical report was filed last month, revealing a maiden Mineral Resource Estimate of 56,945,602 tonnes Inferred at an average grade of 98.91% SiO2 with very low levels of impurities [1]
Canadian Critical Minerals Closes $600,000 Flow-Through Financing
Newsfile· 2025-09-19 21:22
Financing Details - Canadian Critical Minerals Inc. (CCMI) has completed a flow-through financing raising gross proceeds of $600,000, consisting of 17,142,858 flow-through units priced at $0.035 each [1][2] - Each unit includes one flow-through share and one-half of a common share purchase warrant, which can be exercised at $0.05 per share for three years [1][2] - The company paid cash finders fees of $42,000 and issued 1,200,000 finder warrants, also exercisable at $0.05 per share for three years [2] Use of Proceeds - The proceeds from the financing will be allocated for exploration and development activities at the Bull River Mine project located near Cranbrook, British Columbia [2] Company Overview - CCMI is primarily focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project, which contains 150 million lbs of copper along with gold and silver resources [3] - The company also holds a 9% interest in XXIX Metal Corp., which owns the Thierry copper project in Ontario and the Opemiska copper project in Quebec [3]
LaFleur Minerals Closes Unit Offering
Newsfile· 2025-09-19 15:50
Core Points - LaFleur Minerals Inc. has completed a non-brokered private placement of units at a price of $0.48 per unit, raising gross proceeds of $553,281.12 [1][3] - A total of 1,152,669 units were issued, with each unit consisting of one common share and one transferable common share purchase warrant [2][3] - The warrants allow the holder to purchase an additional common share at $0.75 for 24 months, with an accelerated expiry clause if the share price exceeds $0.90 for 14 consecutive trading days [2][3] Financial Details - The gross proceeds from the offering will be allocated to exploration initiatives at the Swanson Gold Project, operational purposes at the Beacon Gold Mill, working capital, and general corporate expenses [3] - The securities issued are subject to a statutory hold period expiring on January 19, 2026 [3] Company Overview - LaFleur Minerals Inc. focuses on developing gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, particularly the Swanson Gold Deposit and the Beacon Gold Mill [5] - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects previously held by other mining companies [5] - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project and custom milling for nearby projects [5]
Search Minerals Announces Board Appointment
Newsfile· 2025-09-19 13:15
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - September 19, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce the appointment of Mr. Michael Pearson to the Board of Directors. Mr. Pearson has over 30 years of international business leadership experience, from founding startups to leading established global companies in mining and technology. He is the CEO of CONTAX Inc., a global IT software company headquartered in Canada, with operations in Can ...
Surge Copper Announces Closing of Strategic Private Placement with African Rainbow Minerals Limited
Globenewswire· 2025-09-18 15:01
Core Viewpoint - Surge Copper Corp. has successfully closed a strategic private placement with African Rainbow Minerals Limited, raising approximately C$4.5 million, which will be used to advance its Berg Project and support exploration activities [1][2]. Group 1: Strategic Placement Details - African Rainbow Minerals Limited purchased 25,781,715 common shares at a price of $0.175 per share, increasing its ownership in Surge to 19.9% [1]. - The total funds raised from this strategic placement and other financing efforts amount to approximately C$10.4 million [2]. - The net proceeds will be allocated to the Berg Project, exploration activities, and general working capital [2]. Group 2: Project Information - Surge Copper Corp. owns a 100% interest in the Berg Project, which has a Preliminary Economic Assessment (PEA) indicating an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [5]. - The Berg Project is located in a safe jurisdiction with access to road, power, and port infrastructure, and contains NI 43-101 compliant resources of copper, molybdenum, silver, and gold [5]. - The company also owns the Ootsa Property, which contains advanced-stage exploration projects with compliant resources of copper, gold, molybdenum, and silver [6]. Group 3: Regulatory and Compliance - The participation of ARM in the strategic placement is classified as a "related party transaction" under TSXV Policy 5.9 and MI 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [3]. - The company did not file a material change report at least 21 days before the closing of the strategic placement, which it deemed reasonable to expedite the process [3]. Group 4: Company Overview - Surge Copper Corp. is advancing a critical metals district in British Columbia, Canada, with a large mineral claim package hosting multiple advanced porphyry deposits [4]. - The company focuses on critical metals essential for modern energy infrastructure and electrification technologies [4].
Canadian Critical Minerals Announces $600,000 Flow-Through Financing
Newsfile· 2025-09-17 21:05
Calgary, Alberta--(Newsfile Corp. - September 17, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") announces a flow-through financing for gross proceeds of $600,000, comprised of 17,142,858 flow-through units with an issue price of $0.035 per unit. Each unit will consist of one flow-through share and one-half of one common share purchase warrant that is exercisable into a common share at an exercise price of $0.05 cents per share for a period of three years. Clo ...
Search Minerals Announces Convertible Loan and Convertible Loan for Debt Conversion Transactions
Newsfile· 2025-09-17 13:15
Core Viewpoint - Search Minerals Inc. has announced a $3,000,000 unsecured convertible revolving loan from Petra Holdings Company Inc. to support the development of its mining projects and improve its financial structure [1][2][3]. Financing Details - The loan proceeds will be allocated for the development of the Foxtrot and Deep Fox mining projects, including equipment acquisition, site operations, infrastructure, technical assessments, environmental compliance, and general working capital [2]. - The loan will bear an interest rate of 15% per annum, payable quarterly, and the principal amount is due three years from the initial drawdown [4]. - The loan is convertible into common shares at a price of $0.50 per share for the first year, with subsequent conversions based on the average closing price on the TSX Venture Exchange [5]. Corporate Governance and Information Rights - Petra will have the right to nominate a director to the Company’s board as long as it holds at least 5% of the outstanding shares or has $500,000 principal amount outstanding under the loan [6]. - The Company is required to provide Petra with copies of all continuous disclosure documents filed on SEDAR+ [7]. Conditions Precedent - The closing of the loan is contingent upon the execution of a definitive loan agreement, approval from the Company’s Board of Directors, and approval from the TSX Venture Exchange [8]. Additional Debt Conversion - Search Minerals has also entered into an agreement with LeadFX Inc. to convert $404,053.73 of debt into a fixed-term unsecured convertible loan to assist in reorganizing its debt structure [9][10]. - Similar to the Petra loan, the LeadFX Loan will bear a 15% interest rate and is convertible into common shares at a price of $0.50 per share for the first year [11][12]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador, controlling two primary deposits and several other prospects [14][15].
Casa Minerals Inc Announces Advanced Ground IP Survey at the Arsenault Project
Newsfile· 2025-09-17 10:00
Casa Minerals Inc Announces Advanced Ground IP Survey at the Arsenault ProjectSeptember 17, 2025 6:00 AM EDT | Source: Casa Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) (the "Company" or "Casa") is pleased to announce that it has received partial results from the 3D ground-based Induced Polarization ("IP") survey recently completed at its highly prospective copper-silver-lead-zinc Arsenault property ...
Spark Energy Minerals Validates Priority Lithium and Gallium-REE Drill Targets at Arapaima Project in Brazil's Lithium Valley
Newsfile· 2025-09-17 07:10
Core Insights - Spark Energy Minerals Inc. has made significant progress at its Arapaima Project in Brazil's Lithium Valley, confirming high-priority lithium and gallium-rare earth element (REE) drill targets through recent exploration work [2][5][6] Exploration Progress - The company is advancing logistics, surface access agreements, and permitting for aggressive diamond drilling at three lithium targets: Cruzeta, Água Branca, and Grota do Maquém, as well as air-core and/or reverse circulation drilling at the emerging gallium-REE Caladão Target [3][6] - Exploration activities have identified three high-priority lithium targets where lithium is strongly correlated with pathfinder elements such as cesium, tin, and rubidium, typical of fertile lithium-cesium-tantalum pegmatites [6][9] - Surface sampling has outlined a 4,500-hectare zone over the Caladão Granite with anomalous gallium and REE values, adjacent to Axel REE's recently reported discovery [9][29] Geochemical Analysis - Lithium shows a strong association with manganese and has been remobilized from primary sources, indicating potential for lithium mineralization at depth [7][11] - Recent rock-chip samples from the Cruzeta target have returned cesium values above 50 ppm, with some reaching 267 ppm, reinforcing the focus on these targets [17][19] - All three priority targets returned K/Rb ratios under 150, with Cruzeta showing a notably low ratio below 20, indicating strong lithium prospectivity [25][27] Future Plans - The exploration team is preparing logistics and permitting to begin drilling at priority lithium and rare earth targets, marking a transformative step toward unlocking the full potential of the Arapaima Project [33]