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Headwater Gold Announces Strategic Private Placement with Lead Orders from Rick Rule and Jeff Philips
Thenewswire· 2025-08-14 10:30
Core Viewpoint - Headwater Gold Inc. is initiating a non-brokered private placement to raise up to $1,000,000 through the sale of 3,333,333 units at a price of $0.30 per unit, aimed at supporting ongoing exploration and project generation in the Western United States [1][2] Group 1: Offering Details - The offering consists of units, each comprising one common share and one non-transferable share purchase warrant, exercisable at $0.50 for 36 months [1] - The shares will be subject to a one-year hold period, and the company can accelerate the expiry of the warrants if the share price exceeds C$0.75 for 20 consecutive trading days [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to ongoing project generation, exploration of the company's gold projects in the Western United States, and general working capital [2][5] Group 3: Strategic Investments - The participation of notable investors Rick Rule and Jeff Phillips is highlighted as a strong vote of confidence in the company's strategy and management [1][5] - Rick Rule emphasized the effectiveness of the prospect generator model being executed by Headwater Gold [1] Group 4: Company Background - Headwater Gold is focused on exploring high-grade precious metal deposits in the Western USA and has a portfolio of epithermal vein exploration projects [5][6] - The company has strategic agreements with Newmont Corporation, enhancing its exploration capabilities [6]
Dryden Gold Corp. Announces Upsizing of Previously Announced Equity Financing with Participation from Centerra Gold
Newsfile· 2025-08-08 10:00
Core Viewpoint - Dryden Gold Corp. is increasing its previously announced non-brokered equity financing due to excess demand, aiming to raise up to $7,820,120 through the issuance of common shares [1][3]. Financing Details - The Upsized LIFE Financing will consist of up to 31,721,667 common shares, including: - Up to 9,216,667 flow-through common shares (FT Shares) at $0.24 each, raising up to $2,212,000 - Up to 13,180,000 charity flow-through common shares (CFT Shares) at $0.284 each, raising up to $3,743,120 - Up to 9,325,000 hard dollar common shares (HD Shares) at $0.20 each, raising up to $1,865,000 [1][3]. Use of Proceeds - Proceeds from the financing will be allocated as follows: - Funding additional drilling on the Dryden Gold Property in northwestern Ontario - Working capital and general administrative expenses from HD Shares - Eligible resource exploration expenses from FT Shares and CFT Shares, qualifying as Canadian exploration expenses and flow-through mining expenditures [3][4]. Centerra Gold Participation - Centerra Gold Inc. will exercise its 'top-up right' to maintain a 9.9% interest in Dryden Gold, as per the investor rights agreements dated December 17, 2024 [2]. Closing and Regulatory Approvals - The Upsized LIFE Financing is expected to close on or before August 14, 2025, subject to regulatory approvals, including from the TSX Venture Exchange [4][5]. Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, with a strong management team and a history of building shareholder value [7].
Centerra Gold Announces Attractive Economics on the Goldfield Project; Proceeding with Project Development and Construction Activities
Globenewswire· 2025-08-06 21:00
Core Viewpoint - Centerra Gold Inc. has completed a technical study for its Goldfield project in Nevada, confirming strong economic metrics including an after-tax NPV5% of $245 million and an IRR of 30% based on a long-term gold price of $2,500 per ounce [2][4][6]. Project Economics - The Goldfield project is expected to yield an after-tax NPV5% of $245 million and an IRR of 30%, utilizing a long-term gold price assumption of $2,500 per ounce [4][6]. - The initial capital investment required for the project is approximately $252 million, which includes about $40 million in pre-production stripping and other costs [4][12]. - Average annual gold production is projected to be around 100,000 ounces during peak production years, with an all-in sustaining cost (AISC) of approximately $1,392 per ounce [3][6]. Production Timeline - First production from the Goldfield project is anticipated by the end of 2028, contributing to Centerra's near-term gold production profile [3][6]. - The project has an estimated mine life of approximately seven years, with production expected to ramp up significantly during the initial years [4][6]. Gold Hedging Strategy - Centerra has implemented a gold hedging strategy covering 50% of production in 2029 and 2030, with a price floor of $3,200 per ounce and average price caps of $4,435 and $4,705 for those years, respectively [10][11]. - This strategy aims to lock in strong margins and safeguard project economics while allowing for exposure to rising gold prices for the life of the mine [10][11]. Technical Optimizations - Recent technical work has optimized the project’s processing strategy, improving average recoveries from mid-60% to approximately 76% [5][4]. - The project will utilize a three-stage semi-portable crushing circuit for high-grade material and run-of-mine processing for lower-grade material, enhancing overall project returns [5][4]. Community and Economic Impact - The Goldfield project is expected to create approximately 300 to 400 jobs during construction and 250 to 300 jobs during operations, contributing over $300 million on labor, supplies, and services over its life [25][24]. - The project is projected to generate approximately $100 million in direct taxes, supporting local community initiatives and sustainable development [25][24]. Mineral Resource Estimates - As of June 30, 2025, the Goldfield project has a total measured and indicated gold mineral resource of 794,000 ounces, with proven and probable reserves totaling 706,000 ounces [18][19]. - The mineral reserves consist of 334,000 ounces proven and 372,000 ounces probable, with a total of 33,348 kt at an average grade of 0.66 g/t [19][18].
Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico
Newsfile· 2025-08-06 07:15
Core Viewpoint - Questcorp Mining Inc. has commenced its maiden drilling program at the La Union Gold & Silver Project in Mexico, marking a significant milestone in the project's development [2][5]. Exploration and Drilling Program - The drilling program aims to evaluate the scale of alteration and indications of a mineralized system across more than four different areas, with initial drilling focusing on stratigraphic and orientation purposes [6][7]. - The initial phase of the drill program will consist of one to three holes per area, totaling over 1,500 meters of diamond core drilling across six holes, each averaging 250 meters in depth [7][12]. - The program targets carbonate-hosted replacement deposit (CRD) styles of mineralization, with a focus on structural features that may have served as mineralizing conduits [7][12]. Historical Context and Project Background - The La Union Project has a history of exploration and production, having previously yielded 50,000 ounces of gold, but has never been drilled until now [5][10]. - The project is located in the western Sonora Gold Belt and has been advanced through surface access agreements and drill permitting, making it a turn-key exploration opportunity for Questcorp [8][9]. - Historical mining targeted upper oxide zones, while the underlying sulfide zones represent immediate drill targets for further exploration [10][12]. Financial Commitment and Strategic Partnerships - Questcorp has entered into a definitive option agreement with Riverside Resources, acquiring a 100% interest in the La Union Project, and has committed an initial C$1,000,000 for exploration, part of a larger C$5,500,000 work commitment [5][6]. - Riverside Resources has played a crucial role in advancing the project, consolidating mineral claims and conducting exploration work that has improved the understanding of the area's geology [4][9]. Geological Features and Mineralization Potential - The La Union Project features favorable limestone host rocks and extensive alteration footprints, with mineralization styles similar to those at the Hermosa Project in Arizona [11][12]. - The project is characterized by high-grade metal content, with highlight grades of 59.4 grams per metric tonne (g/t) gold and 833 g/t silver, indicating significant potential for large-scale discoveries [18].
Riverside Resources and Questcorp Announce Commencement of Drilling at Union Project, Sonora, Mexico
Newsfile· 2025-08-06 07:15
Riverside Resources and Questcorp Announce Commencement of Drilling at Union Project, Sonora, MexicoAugust 06, 2025 3:15 AM EDT | Source: Riverside Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company") , is pleased to announce that drilling has commenced at the Union Project in northwest Sonora, Mexico. This work is being carried out in partnership with Questcorp Mining Inc. ( ...
Midland Announces Closing of $6.1 Million Private Placement with Strategic Investment from Centerra Gold
Globenewswire· 2025-07-28 11:30
Core Points - Midland Exploration Inc. has successfully closed a private placement, raising gross proceeds of $5,058,750 from the sale of 10,650,000 flow-through shares at a price of $0.475 per share [1] - Centerra Gold Inc. has become a strategic investor, acquiring approximately 9.9% of Midland's issued and outstanding common shares [2] - The total gross proceeds from the private placements amount to $6,108,750, with a total of 107,450,577 common shares now issued and outstanding [3] Use of Proceeds - The proceeds from the offering will be allocated to Canadian exploration expenses that qualify as flow-through mining expenditures, to be incurred by December 31, 2026 [4] - The corporation expects to recover refundable tax credits of 22.5% on eligible exploration expenditures related to its gold projects over the next 18 months [5] Investor Rights and Agreements - Midland has entered into an Investor Rights Agreement with Centerra, granting Centerra certain rights to maintain its ownership percentage in future share issuances [6] Regulatory Compliance - The offering is subject to final approval from the TSX Venture Exchange, and all securities issued are subject to a hold period of four months plus one day from the closing date [7]
Headwater Gold Advances Drill Permitting at Lodestar Project, Nevada
Thenewswire· 2025-07-24 10:30
Vancouver, British Columbia - TheNewswire - July 24, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce that drill permitting has advanced through the formal public scoping phase on Headwater's Lodestar project, located in western Nevada. Project scoping marks a significant step toward securing final drilling approval following the submission of a Plan of Operations to undertake a proposed 3,500-metre drill program. The Lodestar project is being explore ...
Midland Announces Non-Brokered Charity Flow-Through Financing with Strategic Investment from Centerra Gold
Globenewswire· 2025-07-22 11:30
Core Points - Midland Exploration Inc. has arranged a non-brokered private placement for gross proceeds of $5,058,750 from the sale of 10,650,000 flow-through shares at a price of $0.475 per share [1] - Concurrently, Midland plans to complete an additional private placement for approximately $1,050,000 from the sale of 3,181,818 common shares at a price of $0.33 per share [2] - Centerra Gold Inc. is expected to participate as a strategic investor, acquiring 9.9% of Midland's issued and outstanding common shares upon closing [3] Financial Details - The gross proceeds from the flow-through shares will be used for Canadian exploration expenses that qualify as flow-through mining expenditures, to be incurred by December 31, 2026 [4] - Refundable tax credits of 22.5% are anticipated on qualifying expenditures incurred by Midland on its gold projects [5] Offering Conditions - The offering is expected to close on or about July 25, 2025, subject to TSX Venture Exchange approval and execution of an Investor Rights Agreement with Centerra [6] - Under the Investor Rights Agreement, Centerra will have rights to participate in future share issuances to maintain its interest in Midland [6] Company Background - Midland targets mineral potential in Quebec, focusing on discovering new world-class deposits of gold and critical metals [8] - The company collaborates with reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., and Agnico Eagle Mines Limited [8]
Kenorland Minerals Provides 2025 Exploration Update
Newsfile· 2025-07-09 11:30
Core Viewpoint - Kenorland Minerals Ltd. is actively advancing its exploration projects across multiple regions in North America, with significant partnerships and promising drilling results indicating potential for gold discoveries and resource development [1][2][3]. Financial Position - As of May 31, 2025, the company's working capital was approximately $24.3 million, with forecasted exploration expenditures exceeding $44.7 million for 2025, of which about $33.5 million is funded by partners [2]. - Expected revenue for the year is around $4.2 million, supplemented by an additional $0.6 million from a refundable mining tax credit [2]. - The company holds equity interests valued at approximately $6.68 million in various private and publicly listed companies [2]. Exploration Projects Frotet Project, Quebec - The Winter 2025 drill program at the Regnault gold system reported significant intercepts, including 6.70m at 30.41 g/t Au and 7.70m at 16.26 g/t Au, demonstrating the scale and continuity of the mineralization [3]. - A maiden mineral resource estimate is anticipated by late 2025 or early 2026, contingent on ongoing baseline studies and permitting processes [4][5]. South Uchi Project, Ontario - A maiden 27-hole, 14,365-metre diamond drill program confirmed the discovery of a new gold system, with highlights including 9.50m at 1.19 g/t Au [6][7]. - Auranova Resources Inc. has acquired a 51% interest in the project, with the option to increase to 70% [7]. Flora, West Wabigoon, and Algoman Projects, Ontario - Systematic geochemical programs outlined multiple large-scale gold anomalies, with follow-up exploration planned for 2025 [9][10]. - These projects are under a multi-year exploration agreement with Centerra, allowing them to earn up to a 70% interest [10][11]. Chebistuan Project, Quebec - The Winter 2025 drill program was curtailed due to challenging conditions, completing 2,449 metres with notable results of 5.10m at 1.19 g/t Au [12]. Hunter Project, Quebec - A maiden diamond drill program encountered widespread anomalous mineralization, with notable results including 2.85m at 0.50 g/t Au and 0.72% Cu [13]. O'Sullivan Project, Quebec - A till geochemical survey was completed, with results pending to guide further exploration [14]. New Projects - The Kowkash Project in Ontario and the Atlantic Project in New Brunswick are undergoing initial surveys, with the Eeyou Istchee Project in Quebec also in the exploration phase [15][16][17]. Other Assets - Kenorland holds a 6.5% equity interest in Koulou Gold Corp., which recently completed a financing round to support its exploration campaign [20]. - The company has entered into a definitive agreement with Evolution Nickel Corporation for the South Thompson Project, retaining a 2% NSR royalty [21]. - Ongoing exploration at the Opinaca Project is supported by a recent airborne geophysical survey [22].
Centerra Gold Provides Notice of Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-07-07 11:30
Core Viewpoint - Centerra Gold Inc. is set to release its second quarter 2025 operating and financial results on August 6, 2025, followed by a conference call on August 7, 2025, at 9:00 a.m. Eastern Time [1]. Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3]. - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3]. - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3]. - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3].