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TSX-V: TT Closes Acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining and Closing of Final Tranche of Non-Brokered Private Placement
Thenewswire· 2025-10-28 11:00
Core Viewpoint - Total Metals Corp. has successfully closed the acquisition of the High Lake and West Hawk Lake projects from McFarlane Lake Mining Corporation for CAD $9.25 million, which includes a historic mineral resource estimate of over 300,000 ounces of gold, indicating significant exploration potential and strategic advantages in processing and infrastructure [1][2][3]. Acquisition Details - The acquisition was completed for a total consideration of CAD $9.25 million, paid through the issuance of 3,333,333 common shares at a deemed price of CAD $0.60 per share [5]. - The projects are located in a mining-friendly jurisdiction with established infrastructure, which supports manageable costs and timelines for exploration and development [6]. - The High Lake project has a NI 43-101 compliant mineral resource with high grades and multiple high-grade drill intercepts, while West Hawk Lake has a history of underground development and recent drilling [3][6]. Financial Aspects - The company has closed a second tranche of a non-brokered private placement financing, raising a total of CAD $10 million, which will be allocated towards the acquisition, exploration activities, and working capital [9][11]. - Following the financing, Total Metals will have approximately CAD $10.4 million in available cash [11]. Strategic Implications - The acquisition is expected to enhance Total Metals' growth potential through exploration drilling and the possibility of toll-milling partnerships to process higher-grade ore, thus avoiding the need for costly on-site processing facilities [2][3]. - The proximity of the projects allows for shared infrastructure and centralized processing, which supports a scalable development pathway [3][6]. Regulatory Compliance - The company is required to file a technical report in compliance with National Instrument 43-101 within 45 days of the acquisition [7][8].
Delta Resources Limited to Attend the 51st Annual New Orleans Investment Conference
Newsfile· 2025-10-28 11:00
Core Points - Delta Resources Limited will participate in the 51st Annual New Orleans Investment Conference from November 2-5, 2025, with Chairman Frank Candido presenting [1] - The conference is a significant event for investors, featuring major asset classes including Gold [2] - Delta Resources is focused on its Delta-1 project in Ontario, which has a large near-surface gold deposit with notable drill intercepts [3] Company Overview - Delta Resources Limited is a Canadian mineral exploration and project development company [3] - The Delta-1 project is located 50 kilometers west of Thunder Bay, adjacent to the Trans-Canada Highway [3] - The Eureka Gold Deposit has a strike length of 2.5 kilometers and extends over 300 meters in depth, with mineralization observed up to 600 meters vertical depth [3] - Significant drill results include 5.92 g/t Au over 31 meters and 1.79 g/t Au over 128.5 meters [3] - The property covers 297 square kilometers with multiple unexplored corridors of alteration and deformation [3] Industry Context - The New Orleans Investment Conference is a premier gathering for sophisticated investors to discover new opportunities and strategies [5] - The event has a rich history, featuring notable speakers such as former President Gerald Ford and Nobel Prize-winning economists [6] - This year's lineup includes prominent figures in the investment community, indicating a strong focus on investment strategies and market insights [7]
Barnwell Appoints Philip F. Patman, Jr. as Executive Vice President of Finance; Announces Planned Transitions of Long-Serving Executives
Accessnewswire· 2025-10-28 11:00
Patman Expected to Assume role of CFO by Year End Actions Confirm Strategic Transformation HONOLULU, HI / ACCESS Newswire / October 28, 2025 / Barnwell Industries, Inc. (NYSE American:BRN) ("Barnwell" or the "Company") today announced the appointment of Philip F. Patman, Jr. as Executive Vice President, Finance. ...
Acquisition of Option to Buy Lepidico's Interest in Karibib Lithium, Rubidium and Cesium Project in Namibia - Update
Newsfile· 2025-10-28 11:00
Core Viewpoint - International Lithium Corp. (ILC) has successfully met the conditions for a secured loan to Lepidico, which has been increased to CAD$ 510,000, enabling ILC to hold an option to acquire Lepidico Mauritius and its associated lithium project in Namibia [1][2][3] Financial Summary - The secured loan amount of CAD$ 510,000 includes CAD$ 420,000 that earns interest at a rate of 10% per annum [1] - ILC has the option to purchase 100% of Lepidico Mauritius for CAD$ 975,000, with the net amount payable being the difference between this purchase price and the loan repayment [3] Project Overview - The Karibib project in Namibia, owned by Lepidico Mauritius, contains significant resources of lithium, rubidium, and cesium, with the project having reached the Definitive Feasibility Study stage under JORC standards [12][14] - The project is believed to have one of the largest rubidium resources in Africa and contains cesium equal to about one year of global demand [10][11] Strategic Positioning - If the option is exercised, ILC would significantly advance its project development timeline compared to other interests in Zimbabwe and elsewhere [5][12] - The acquisition would position ILC as a leading player in the rubidium market and strengthen its interests in cesium, particularly as demand for these critical minerals rises [7][12][20] Market Context - The increasing demand for lithium and other battery metals is driven by the growth of electric vehicles and renewable energy technologies, positioning lithium as a critical resource for a sustainable economy [14][20] - ILC aims to capitalize on this demand by developing projects with significant resource potential in both Canada and Southern Africa [20]
GSP Samples 348 g/t Silver and 12% Copper at New, Near Mine, Expansion Targets at Alwin Mine and Mer Properties
Thenewswire· 2025-10-28 11:00
Core Insights - GSP Resource Corp. has announced initial rush assay results from its Fall 2025 geological reconnaissance targeting program at the Mer Porphyry and Al conductor targets, including a newly discovered high-grade silver-copper Apex target within the Alwin Mine Zone [1][2] Exploration Details - The 2025 exploration program involved the collection of 60 surface rock outcrop and float samples, along with 204 targeted grid soil samples, marking the first surface work on expansionary exploration targets outside the Alwin Mine resource area since 2008 [2] - Historic exploration at the Alwin Mine occurred primarily during the 1960s to 1980s, with recent logging and road construction improving access to these historic sites [2] Historic Data and New Targets - Compilation of historic data for the Mer porphyry and Apex targets indicates significant near-mine exploration potential [3] - At the Mer site, diamond and percussion drilling from the 1970s and extensive trenching were re-located, with sampling of mineralized granodiorite and establishment of a detailed soil grid to expand potential drilling targets [4] - The Apex Zone, rediscovered 40 meters from a modern logging road, had historic diamond drill logs from 1977 that documented a mineralized alteration zone [5] Assay Results - Rush surface sample assays from the new targets revealed high grades, including 348 g/t silver and 12% copper from the Apex Zone, and additional notable results from the Alwin Mine and nearby historic trenches [6][7] - Specific assay results include: - 348 g/t Ag and 11.85% Cu from trench samples at Apex - 5.5% Cu and 35 g/t Ag from Alwin Mine outcrop - 2.58% Cu from Little OK Lake float samples [7][8] Methodology and Quality Control - The analytical work was performed by ALS Global, an accredited geoanalytical laboratory, ensuring quality control through standard, blank, and duplicate samples [10][11] - The company reported no significant QA/QC issues during the review of the data [13] Company Overview - GSP Resource Corp. is focused on mineral exploration and development in Southwestern British Columbia, owning 100% interest in the Alwin Mine Copper-Gold-Silver Property and the Mer Property [14]
CECO Environmental Reports Third Quarter 2025 Results
Globenewswire· 2025-10-28 11:00
Continued Strong Orders and Revenue Growth Headline Multiple Performance Records Reaffirms 2025 Full Year Outlook and Introduces 2026 Outlook ADDISON, Texas, Oct. 28, 2025 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO" or the "Company"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the third quarter of 2025. Third Quarter Summary(1) Orders of $232.9 mi ...
J.P. Morgan Sees Over 50% Upside Ahead for These 2 Gold Stocks
Yahoo Finance· 2025-10-28 10:59
Company Overview - AngloGold Ashanti produced 2.66 million ounces of gold and 3.75 million ounces of silver in 2024, with significant operations in Africa employing nearly 28,000 people [1][2] - The company ranks 8 by market cap at $34.6 billion, 7 by revenue at $7.64 billion, and 4 by earnings at $3.02 billion over the last four quarters [2] Production and Operations - African operations produced 1.56 million ounces of gold last year and hold a mineral reserve of over 20 million ounces [1] - Australian operations generated 572,000 ounces of gold with reserves of 2.32 million ounces, employing over 1,700 workers [7] - In the Americas, AngloGold Ashanti produced 526,000 ounces of gold from three active mines, with a reserve of 6.3 million ounces [7] Financial Performance - In Q2 2025, the company reported sales of $2.44 billion, a 77% year-over-year increase, and a non-GAAP EPS of $1.25, more than double the previous year [9] - Free cash flow reached $535 million in Q2 2025, a 149% year-over-year increase [9] Dividend and Shareholder Returns - The company declared an interim dividend of 80 cents per share for Q2, supporting its dividend policy [10] - Analysts forecast a return of approximately 4% of market cap by February 2026 based on free cash flow [11] Analyst Ratings and Market Outlook - Patrick Jones from J.P. Morgan rates AngloGold Ashanti as a Top Pick, with a price target of $128, suggesting an 87% upside potential [12] - The consensus rating for AngloGold Ashanti is Moderate Buy, with an average price target of $80.56, indicating a 17.5% potential gain [12] Industry Context - Demand for gold has increased due to fiscal deficits, geopolitical risks, and currency stability concerns, with central banks accumulating bullion [5] - J.P. Morgan's Natasha Kaneva remains bullish on gold, projecting prices to rise from $4,131 per ounce to $5,055 by Q4 2026 [4]
Nvidia Inches Lower. What Qualcomm's AI Chip Entry Means for the Stock.
Barrons· 2025-10-28 10:59
Core Viewpoint - Nvidia's stock is experiencing a decline as Wall Street evaluates the competitive threat posed by Qualcomm [1] Group 1 - Nvidia's stock performance is being impacted by market perceptions of competition from Qualcomm [1]
BioMarin Pharmaceuticals - Growing Numbers, Falling Expectations
Seeking Alpha· 2025-10-28 10:58
Core Insights - BioMarin Pharmaceuticals (NASDAQ: BMRN) shares have been underperforming, currently trading at their lowest levels since 2013, indicating significant challenges for the company [1] Group 1 - The company is a large biopharmaceutical entity that does not pay dividends, which exacerbates the negative impact of its stock performance [1] - The investing group "Value In Corporate Events" focuses on identifying opportunities in major corporate events such as IPOs, mergers & acquisitions, and earnings reports, providing coverage of 10 significant events monthly [1]
Gold News: Gold Price Hits 3-Week Low — Will Bulls Step In at the 50-Day MA?
FX Empire· 2025-10-28 10:58
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