Radisson Mining Resources Inc.
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OTC Markets Group Welcomes Radisson Mining Resources Inc. to OTCQX
Globenewswire· 2025-09-25 11:00
Core Insights - Radisson Mining Resources Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which signifies an important milestone for the company [1][3] - The company begins trading under the symbol "RMRDF" and U.S. investors can access its financial disclosures and real-time quotes on the OTC Markets website [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3] Company Overview - Radisson Mining Resources Inc. is focused on gold exploration, particularly its 100% owned O'Brien Gold Project located in the Bousquet-Cadillac mining camp in Abitibi, Québec [4] - A Preliminary Economic Assessment from July 2025 indicates a low-cost, high-value project with an 11-year mine life and significant upside potential, supported by existing regional infrastructure [4] - The indicated mineral resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional inferred mineral resources of 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au) [4] Industry Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a data-driven disclosure standard for public markets [5] - The OTCQX Best Market, along with other markets like OTCQB and Pink Limited Market, offers companies efficient access to U.S. financial markets [5]
Update on the Increasing Value in Globex
Globenewswire· 2025-09-11 13:00
Core Viewpoint - Globex Mining Enterprises Inc. has provided an update on its financial, royalty, and property portfolios, highlighting significant growth in its financial assets and ongoing developments in its royalty and optioned properties [1][2]. Financial Portfolio - The financial portfolio is valued at approximately $34.73 million, reflecting an 8% increase since the end of Q2 2025 [5][6]. - The portfolio includes 31% in senior liquid precious metal equities, 13% in junior and mid-tier mining names, 29% in fixed income instruments, and 26% in cash [5]. - The gold price has increased by 45% or $1,133 per ounce over the past year, with the S&P/TSX Global Gold Index rising by 86% [3]. - Globex's stock has increased by 69% year-over-year, but only 3% since the end of Q2 2025, while Agnico Eagle Mines Ltd. rose by 29.8% in the same period [3]. Royalty Portfolio - The royalty portfolio includes 110 royalties, with 61 focused on gold projects, and continues to gain value through active drilling on properties such as the Kewagama Claims [1][6]. - Radisson Mining Resources reported high-grade gold intercepts on Globex's Kewagama royalty claims, which is expected to be favorable for Globex [10]. - Cartier Resources has initiated a 100,000-meter drill program on its Cadillac property, which includes Globex's royalty claims [10]. Optioned Property Portfolio - Globex has consolidated its ownership of the Blackcliff gold property from 50% to 100% and staked the Salt Spring gold property in Arizona [6][10]. - Option payments and property sale payments received in 2025 total $3.65 million in cash and $666,895 in shares [1]. - Partners have been actively drilling and increasing resources on optioned properties, such as Antimony Resources at the Bald Hill project and Emperor Resources at the Duquesne West gold project [6][10]. Recent Developments - The company is planning drilling on its Lyndhurst base metal property and Rouyn Merger Gold property, with approximately 1,000 meters planned for each [13]. - Globex continues to assess potential work programs and compile historic data on other properties to generate drill targets [13].
Radisson Files Technical Report for O'Brien Gold Project Preliminary Economic Assessment
Newsfile· 2025-08-21 10:30
Core Viewpoint - Radisson Mining Resources has filed a technical report for the O'Brien Gold Project, highlighting its high value and low capital costs due to the use of neighboring milling facilities [1][2]. Project Overview - The O'Brien Preliminary Economic Assessment (PEA) indicates a project that utilizes existing infrastructure, which reduces capital costs and development risks [2]. - The ongoing drill program aims to delineate new gold mineralization beyond the current Mineral Resource Estimate (MRE) [2]. PEA Highlights - The PEA was conducted by Ausenco Engineering Canada ULC, with contributions from InnovExplo, BBA Inc., and SLR Consulting [3]. - Key financial metrics include an after-tax Net Present Value (NPV) of $532 million, an Internal Rate of Return (IRR) of 48%, and a payback period of 2.0 years at a gold price of US$2,550/oz [7]. - Initial capital costs are estimated at $175 million, with sustaining capital of $173 million over the mine's life [7]. - The project is expected to have an 11-year mine life, producing 740,000 ounces of gold with an average recovery rate of 87% [7]. Financial Metrics - Cash costs are projected at US$861/oz, with an All-In Sustaining Cost (AISC) of US$1,059/oz, which includes a conceptual 30% toll milling margin [7]. - The project is characterized as capital efficient, with an NPV to initial capital cost ratio of 3.0 at the specified gold price [7]. - Average steady-state gold production is estimated at 70,000 ounces per annum, generating an average annual after-tax Free Cash Flow of $97 million during years 2-8 [7]. Company Background - Radisson Mining is focused on the O'Brien Gold Project, which is located in the Bousquet-Cadillac mining camp in Abitibi, Québec [14]. - The indicated mineral resources are estimated at 0.58 million ounces, with additional inferred resources of 0.93 million ounces [14].
Radisson Discovers Exceptional Visible Gold in Surface Trench Thirty Metres from O'Brien Core Shack and Office
Newsfile· 2025-07-28 10:30
Radisson Discovers Exceptional Visible Gold in Surface Trench Thirty Metres from O'Brien Core Shack and OfficeJuly 28, 2025 6:30 AM EDT | Source: Radisson Mining ResourcesRouyn-Noranda, Quebec--(Newsfile Corp. - July 28, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce the discovery of a significant occurrence of coarse visible gold in a new surface trench excavated at its 100%-owned O'Brien Gold Project ("O'Brien" or the "P ...
Radisson Reports Highest Grade Drill Intercepts Achieved to Date Beneath the Historic O'Brien Gold Mine Including 89.36 g/t Gold over 3.7 Metres and 60.75 g/t Gold over 2.1 Metres
Newsfile· 2025-07-16 10:30
Core Insights - Radisson Mining Resources Inc. reported high-grade gold drill intercepts from its O'Brien Gold Project, including 89.36 g/t Au over 3.7 metres and 60.75 g/t Au over 2.1 metres, marking the highest grades achieved to date beneath the historic mine [1][4][6] Group 1: Drill Results - Four new wedge drill holes (OB-25-337W4 to W7) were completed from the pilot hole OB-24-337, which is the deepest hole drilled at the project, revealing multiple high-grade gold intercepts [2][6] - Notable intercepts include: - OB-25-337W7: 89.36 g/t Au over 3.7 metres, including 293.0 g/t Au over 1.1 metres [4] - OB-25-337W5: 47.70 g/t Au over 1.0 metre and 5.25 g/t Au over 4.0 metres [4] - OB-25-337W6: 6.45 g/t Au over 3.5 metres, including 18.80 g/t Au over 1.0 metre [4] - OB-25-370: 4.32 g/t Au over 6.5 metres, including 10.49 g/t Au over 2.1 metres [4] - OB-25-372: 7.05 g/t Au over 2.5 metres, including 15.95 g/t Au over 1.0 metre [4] Group 2: Project Development - The ongoing drilling program aims to delineate high-grade gold-bearing veins over a large area, with up to six mineralized zones identified at depths of 500 metres below the historic mine [6][12] - The project has estimated Indicated Mineral Resources of 0.58 million ounces at 8.2 g/t Au and Inferred Mineral Resources of 0.93 million ounces at 4.4 g/t Au [14][18] - The Preliminary Economic Assessment indicates a low-cost, high-value project with an 11-year mine life and significant upside potential [18] Group 3: Geological Context - Gold mineralization at the O'Brien project occurs within quartz-sulphide veins associated with mafic volcanic rocks and conglomerates, typically linked to shearing and biotite alteration [9][10] - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for high-grade mineralization in the current exploration [11][12]
22% of O’Brien Mine Initial Production Is Credited to Globex’s Kewagama Gold Mine Royalty Claims in Robust PEA
Globenewswire· 2025-07-10 13:00
Core Viewpoint - Globex Mining Enterprises Inc. is positively impacted by Radisson Mining Resources Inc.'s announcement of a favorable Preliminary Economic Assessment (PEA) for the O'Brien Gold Project, which includes a 2% Net Smelter Royalty (NSR) benefiting Globex on a portion of the gold production [1][2][3] Group 1: Project Details - The PEA indicates an 11-year mine life with a total of 740 Koz mined and 647 Koz recovered, achieving an average recovery rate of 87% [2] - The project is expected to produce an average of 70 Koz of gold per annum during years 2-8, generating an average annual after-tax Free Cash Flow (FCF) of $97 million [2] - The resource estimate used in the PEA is based on data from 2023, with additional positive drilling results reported by Radisson since that update [2] Group 2: Financial Implications for Globex - The advancement of the O'Brien Gold Project is expected to enhance potential revenue from Globex's Kewagama Royalty, which covers 22% of the scheduled gold production [1][3] - The mineralized gold zones on the Kewagama royalty claims are open for further exploration, potentially increasing the resource base [3] - Globex has reported an Indicated Resource of 243,800 tons grading 14.38 g/t Au and an Inferred Resource of 37,100 tons grading 7.22 g/t Au at its Central Cadillac Gold and Wood Gold Mines [3]