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Search Minerals Closes Non-Brokered Private Placement Financings
Newsfile· 2025-11-07 11:28
Core Points - Search Minerals Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $843,847 [1][7] - The funds from the FT Financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, qualifying for the Critical Mineral Exploration Tax Credit [1][7] - The net proceeds from the Share Financing will be utilized for working capital and general corporate purposes [1] Financing Details - The financing included the issuance of 1,487,694 FT Units at a price of $0.50 per unit, generating gross proceeds of $743,847, with each unit comprising one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant [7] - Additionally, 303,030 Offered Shares were issued on a non-flow-through basis at a price of $0.33 per share, resulting in gross proceeds of $100,000 [7] - The company paid a total of $16,109.76 in cash finder's fees and issued 6,000 Finder's Warrants to Canaccord Genuity Corp., representing 6% of the FT Units sold [2] Regulatory and Compliance Information - The financings are subject to final acceptance by the TSX Venture Exchange [3] - The FT Shares, Warrants, and Finder's Warrants are subject to a hold period under Canadian securities laws, expiring on March 7, 2026 [3] Company Overview - Search Minerals is focused on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [4][5]
Resolution Minerals hits 253m of gold at Horse Heaven - ICYMI
Proactiveinvestors NA· 2025-11-07 07:13
Core Insights - Resolution Minerals Ltd has reported a significant drill intercept at the Golden Gate target, part of its Horse Heaven gold project in the United States, indicating promising gold mineralization [1][2] Drill Results - The latest drill hole returned 253 metres at 1.5 grams per tonne (g/t) gold, with a higher-grade zone of 120 metres at 2.3 g/t [2] - This intercept is mineralized from surface to end-of-hole and remains open-ended at the bottom, marking the third result from an ongoing ten-hole drilling program [3][7] - Previous intercepts included 189 metres at 1.3 g/t and 250 metres at 0.6 g/t gold [3][8] Drilling Program Expansion - In response to the positive results, the company has mobilized a second drill rig to the site, planning to target an additional five holes, equivalent to 5,000 feet of extra drilling [3][9] - The company is fully funded for this expanded drilling program, having recently raised USD 25 million, followed by an additional USD 2 million placement [4][10] Market Position and Future Plans - Resolution Minerals is advancing plans to list on Nasdaq, with increasing liquidity on the OTCQB market in the United States, which is expected to attract more US-based investors [4][11] - The company has received positive feedback and strong liquidity, indicating a growing interest in its operations [11]
Aura Minerals Announces Exercise of Warrants in Altamira Gold Corp.
Globenewswire· 2025-11-07 01:50
Core Viewpoint - Aura Minerals Inc. has exercised 24,000,000 common share purchase warrants of Altamira Gold Corp. at an exercise price of CAD$0.20 per Warrant, increasing its stake in Altamira significantly [1][2]. Group 1: Acquisition Details - Prior to the acquisition, Aura owned 30,000,000 Shares and 27,000,000 Warrants, representing approximately 11.3% of the issued and outstanding Shares on a non-diluted basis and approximately 19.5% on a fully diluted basis [2]. - Following the transaction, Aura now owns 54,000,000 Shares and 3,000,000 Warrants, representing approximately 18.22% of the issued and outstanding Shares on a non-diluted basis and approximately 19.04% on a fully diluted basis [2]. Group 2: Investment Rationale - Aura acquired the securities of Altamira for investment purposes, citing the exploration potential of Altamira as a key factor [3]. - The company may consider acquiring additional securities or disposing of existing holdings based on market conditions and other relevant factors [3]. Group 3: Company Overview - Aura is focused on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [7]. - The company emphasizes a holistic approach to mining, considering the impacts and benefits to all stakeholders involved [6].
Copper Added to New USGS Critical Minerals List Highlighting Increased Support for US Copper Projects Like American Pacific's Madison & Palmer Projects
Newsfile· 2025-11-06 23:00
Core Insights - The U.S. Geological Survey (USGS) has added copper to its 2025 list of critical minerals, reflecting the Trump Administration's focus on enhancing domestic supply chains for vital minerals [2][3][5] - This addition is expected to lead to increased government investment and streamlined permitting for U.S. copper projects, which are essential for the domestic critical metals supply chain [4][5] Industry Overview - The new USGS list now includes copper alongside silver, zinc, lead, barite, and 55 other minerals, totaling 60 critical minerals recognized by the U.S. government [3] - The Trump Administration aims to reduce reliance on foreign mineral supplies, which poses risks to national security and infrastructure development [3] Government Initiatives - The U.S. government has launched four new funding initiatives totaling nearly $1 billion, with grants of up to $250 million available for critical metals projects [4] - Direct equity investments have also been made in critical metals projects, including a 5% stake in the Thacker Pass lithium project in Nevada [4] Company Focus - American Pacific Mining Corp. emphasizes the significance of its Madison Copper-Gold Project in Montana and Palmer Copper-Gold VMS Project in Alaska in light of the new USGS designation [5] - The company highlights the importance of copper in everyday life and its role in strengthening U.S. supply chains [5] Project Highlights - The Madison Copper-Gold Project has historical production of 2.7 million pounds of copper with grades ranging from 20-30% [6] - Recent exploration at the Madison Project has confirmed widespread mineralization, with notable drill results including 8.47 meters of 40.03% Cu and 61.63 meters of 6.97% Cu [6][7] - The Palmer Copper-Zinc VMS Project has reported the highest-grade copper intercepts ever drilled, with an updated mineral resource estimate showing a substantial increase in contained copper [8]
Silver Viper Minerals Corp. to Attend Deutsche Goldmesse Fall 2025 in Frankfurt
Newsfile· 2025-11-06 20:30
Company Overview - Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on advancing precious metals projects in Mexico [3] - The company operates two key assets: the La Virginia Gold-Silver Project in Sonora and the Cimarron Gold-Copper Project in Sinaloa, with the addition of the Coneto Project enhancing its portfolio [3] Event Participation - Silver Viper Minerals Corp. will participate in the Deutsche Goldmesse Fall 2025, scheduled for November 14th and 15th at the JW Marriott Hotel Frankfurt [1] - Members of the company's management will hold meetings and present to European investors during the event [2] Industry Context - Deutsche Goldmesse is recognized as Germany's premier investment conference in the resource sector, bringing together a selective group of mining companies, keynote speakers, and investors [2][4] - The event serves as a platform for company executives to engage with European institutional and high-net-worth investors, retail investors, and analysts [5]
Happy Creek Minerals names Stephen Gray as new CEO
Proactiveinvestors NA· 2025-11-06 18:11
Core Insights - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Golden Sky Minerals Announces Conversion of Debenture into Common Shares
Newsfile· 2025-11-06 17:59
Core Viewpoint - Evanachan Limited, controlled by Rob McEwen, has converted a C$220,000 convertible debenture into 2,000,000 common shares of Golden Sky Minerals, reflecting confidence in the company's strategy and assets [1][2][3]. Group 1: Conversion Details - The conversion price was set at C$0.11 per share, resulting in the issuance of 2,000,000 common shares [2]. - Following the conversion, Rob McEwen holds approximately 9.0% of Golden Sky's issued and outstanding common shares on a non-diluted basis [2]. Group 2: Company Strategy and Projects - The conversion is seen as a significant vote of confidence in the company's team, strategy, and the quality of its assets, particularly the Rayfield-Gjoll Copper-Gold Project [3]. - The company remains focused on advancing the Rayfield project through an earn-in agreement with Boliden [3]. Group 3: Company Overview - Golden Sky Minerals is a Canadian mineral exploration company with a focus on high-potential copper and gold projects across British Columbia, Yukon, and Ontario [4]. - The flagship Rayfield Project is located in a promising porphyry copper-gold district, offering significant discovery potential and excellent infrastructure [4].
Stillwater Critical Minerals Provides Corporate Update
Accessnewswire· 2025-11-06 11:00
VANCOUVER, BC / ACCESS Newswire / November 6, 2025 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") reports that it is not aware of any undisclosed material change or company-specific development that would account for the recent decline in the Company's share price. The Company further notes that recent share-price movements have occurred in the context of broader market volatility and weakness affecting equities across multiple sectors including the min ...
Linear Minerals Corp. Announces Share Distribution Record Date and the Share Issuance Date Regarding the Plan of Arrangement
Accessnewswire· 2025-11-06 10:00
VANCOUVER, BC / ACCESS Newswire / November 6, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF)(WKN:A2J C89) announces the share distribution record date of November 25, 2025 (the "Share Distribution Record Date") pursuant to the Plan of Arrangement with Westlinear Minerals Corp. dated August 1, 2025 (the "Arrangement"). Under the terms of the Arrangement, Linear shareholders will be issued one share of Westlinear Minerals Corp. ("Westlinear") with respect to every 10 shares o ...
LaFleur Minerals Advances Swanson Confirmation Drilling to Support Beacon Mill Restart and PEA
Prnewswire· 2025-11-05 19:25
Core Viewpoint - Lafleur Minerals Inc. is advancing towards near-term gold production with the initiation of a confirmation drilling program at its Swanson Gold Deposit, which will support a Preliminary Economic Assessment (PEA) for the restart of gold production at the Beacon Gold Mill [1][5][10] Group 1: Drilling Program and Resource Validation - The confirmation drilling program consists of a 10-hole twinned-drilling campaign aimed at validating historical results and enhancing confidence in the geological model [2][3] - Historical drilling at the Swanson Gold Deposit has exceeded 36,000 meters across 242 holes, with notable intervals including 69.3 meters at 3.03 g/t Au and 51.0 meters at 3.46 g/t Au [3][4] Group 2: Beacon Gold Mill and Production Readiness - The Beacon Gold Mill is undergoing final stages of recommissioning, with a capacity of 750 tonnes per day and a $20 million modernization completed in 2022 [6][12] - Current activities include mechanical and electrical upgrades, installation of a new gravity concentrator circuit, and recruitment of operational staff [7][8] Group 3: Strategic Position and Market Context - Lafleur Minerals is strategically positioned in the Val-d'Or district, which is attracting global producers through mergers and acquisitions targeting long-life, low-risk assets [9][10] - The combination of an owned mill and near-surface feed source allows Lafleur to transition rapidly from development to production, especially with record gold prices above $4,000 per ounce enhancing the economic potential of the restart plan [5][10]