Fitzroy Minerals Inc.
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Fitzroy Minerals Announces Non-Brokered Life Offering And Concurrent Private Placement For Up To A Combined $26 Million
Thenewswire· 2026-02-25 22:15
Core Viewpoint - Fitzroy Minerals Inc. is initiating a non-brokered private placement to raise up to $26 million through two offerings, aimed at funding exploration and development projects in the Americas [1][3][4]. Group 1: Private Placement Details - The LIFE Offering will issue common shares at $0.50 per share, with a target of up to $10 million and a minimum offering amount of $4 million [1][2]. - A concurrent private placement will issue up to 32 million units at the same price of $0.50 per unit, potentially raising an additional $16 million [3]. - Each unit in the concurrent offering consists of one share and one-half of a share purchase warrant, with warrants allowing the purchase of additional shares at $0.80 for two years [3]. Group 2: Use of Proceeds - The net proceeds from the private placements will be allocated to various projects, including exploration and commitments for the Buen Retiro and Caballos projects, advancement of the Polimet project, reorganization of the Taquetren project, and general administrative costs [4]. Group 3: Closing and Regulatory Compliance - The closing of the private placements is anticipated around March 24, 2026, subject to TSXV approval and other closing conditions [5]. - Insiders may participate in the concurrent offering, which will be exempt from certain formal valuation and minority shareholder approval requirements [6].
Fitzroy Minerals Starts Heliborne Mobile MT Geophysical Survey at Caballos Copper Project, Chile
Thenewswire· 2026-02-11 12:00
Vancouver, British Columbia – February 11, 2026 – TheNewswire - Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF; FSE: C3Y) (“Fitzroy” or the “Company”) is pleased to announce that Expert Geophysics Surveys Inc. has started a planned 750 line-kilometre mobile magnetotelluric (“MobileMT”) heliborne survey at the Caballos Copper Project, Valparaiso, Chile. This survey will cover the entirety of Fitzroy's Caballos Copper Project (the “Property” or the “Project”) within two days and interpreted results are expec ...
Corrected: Fitzroy Minerals Reports on Latest Drilling Results and Extends Oxide Zone to 1.7 km, Buen Retiro Copper Project, Chile
Thenewswire· 2026-02-09 15:20
Core Insights - Fitzroy Minerals Inc. has reported significant exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, highlighting the discovery of new mineralization targets and promising drilling results [1][3][4]. Buen Retiro Project - The company has completed Phase 2 drilling at Buen Retiro, totaling 8,300 meters across 29 drill holes, with new drilling contracts signed for an additional 10,400 meters of diamond drilling and 3,000 meters of reverse circulation drilling planned for 2026 [4][16]. - Drill hole BRT-DDH041 intersected 108 meters at 0.41% Cu, including 48 meters at 0.77% Cu, while BRT-DDH043 intersected 77 meters at 0.46% Cu, including 20 meters at 0.97% Cu, indicating strong mineralization [5][8]. - The reverse circulation drill hole BRT-RCD008 extended the Southwest oxide target to 1.7 kilometers, intersecting 213 meters at 0.19% Cu [5][14]. - The mineralization at Buen Retiro shows a stratigraphic control, primarily hosted within permeable volcanic breccias and tuffs [8][9]. Caballos Project - At Caballos, Phase 1 drilling has been completed with 3,154 meters across nine holes, and an airborne geophysical survey is scheduled for Q1 2026 to enhance geological understanding [18][22]. - Drill hole CAB-DDH009 returned 71 meters at 0.41% CuEq, indicating a complex copper system with significant alteration and mineralization [19][20]. - The geology at Caballos is characterized by porphyry textures and alteration, with plans for Phase 2 drilling later in the year once geophysical data is integrated [3][18]. Next Steps - The company is finalizing new drilling plans for 2026, focusing on both exploration and metallurgical sampling, while also reinterpreting existing geophysical data [16][22]. - Discussions regarding a Heap Leach Joint Venture Copper Project with Sociedad Punta del Cobre S.A. are ongoing, with plans for a Pre-Feasibility Study [17].
Fitzroy Minerals Reports on Latest Drilling Results and Extends Oxide Zone to 1.7 km, Buen Retiro Copper Project, Chile
Thenewswire· 2026-02-09 13:50
Core Insights - Fitzroy Minerals Inc. has reported significant exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, highlighting the discovery of new mineralization targets and promising drilling results [1][2][3]. Buen Retiro Project - The Phase 2 drilling at Buen Retiro has completed 8,300 meters across 29 drill holes, with new drilling contracts signed for an additional 10,400 meters of diamond drilling and 3,000 meters of reverse circulation drilling planned for 2026 [4][16]. - Drill hole BRT-DDH041 intersected 108 meters at 0.41% Cu, including 48 meters at 0.77% Cu, while BRT-DDH043 intersected 77 meters at 0.46% Cu, including 20 meters at 0.97% Cu, indicating strong mineralization [5][8]. - The reverse circulation drill hole BRT-RCD008 extended the Southwest oxide target to 1.7 kilometers, intersecting 213 meters at 0.19% Cu [13][14]. - The mineralization trend at Buen Retiro has been extended by 300 meters, now totaling 1,700 meters, with ongoing exploration to further define the mineralized system [13][9]. Caballos Project - At Caballos, Phase 1 drilling has been completed with 3,154 meters across nine holes, and an airborne geophysical survey is scheduled for Q1 2026 to enhance geological understanding [18][22]. - Drill hole CAB-DDH009 returned 71 meters at 0.41% CuEq, indicating a complex copper system with significant alteration and mineralization [19][20]. - The geological features observed in the drill cores are consistent with economic porphyry copper deposits, suggesting strong potential for further exploration [19][21]. Next Steps - The company plans to integrate geophysical data into its geological model to inform Phase 2 drilling at both Buen Retiro and Caballos, with a focus on mapping subsurface geology and identifying conductive features [22][16]. - Discussions regarding a Heap Leach Joint Venture Copper Project with Sociedad Punta del Cobre S.A. are ongoing, with plans for a Pre-Feasibility Study to meet NI 43-101 disclosure requirements [17].
Fitzroy Minerals Graduates to OTCQX
Thenewswire· 2026-02-02 14:15
Core Viewpoint - Fitzroy Minerals Inc. has successfully graduated to the OTCQX® Best Market, enhancing its visibility and liquidity for U.S. investors while demonstrating its commitment to long-term shareholder value [1][2]. Company Overview - Fitzroy Minerals is focused on exploring and developing mineral assets with significant upside potential in the Americas, including projects in Chile, Argentina, and Canada [3]. - The company's current property portfolio includes the Buen Retiro Copper Project, Caballos Copper and Polimet Gold-Copper-Silver projects, Taquetren Gold Project, and Caribou Project [3]. Market Transition - The transition from OTCQB® Venture Market to OTCQX signifies an important milestone, as companies must meet high financial standards and adhere to best practice corporate governance to qualify [3]. - Trading on OTCQX under the symbol "FTZFF" began on February 2, 2026, allowing U.S. investors to access real-time financial disclosures [2].
OTC Markets Group Welcomes Fitzroy Minerals Inc. to OTCQX
Globenewswire· 2026-02-02 12:00
NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Fitzroy Minerals Inc. (TSX-V: FTZ; OTCQX: FTZFF), a mineral exploration company with properties located in the Province of British Columbia, has qualified to trade on the OTCQX® Best Market. Fitzroy Minerals Inc. upgraded to OTCQX from the OTCQB® Venture Market. Fitzroy Minerals Inc. begins trading today on OTCQX under the symbo ...
Grafton Resources Announces Appointment Of Director
Thenewswire· 2026-01-21 14:15
VANCOUVER, BRITISH COLUMBIA, January 21, 2026 – TheNewswire - GRAFTON RESOURCES INC. (CSE: GFT; OTCQB: GFTFF) (“Grafton” or the “Company”) announces that Michelle Bikic has resigned as a director of the Company. The board of directors would like to thank Ms. Bikic for her work with the Company and wishes her success in her future endeavours. With the resignation of Ms. Bikic as a director of the Company, Mr. Merlin Marr-Johnson has been appointed as a director of the Company. Mr. Marr-Johnson is a gradua ...
Fitzroy Minerals Reports 176 m @ 0.47% CuEq1 (0.31% Cu, 249 ppm Mo, 0.04 g/t Au) at the Caballos Copper Project and Confirms that the Buen Retiro Copper Project is Analogous to Candelaria, Chile
Thenewswire· 2026-01-13 14:15
Core Insights - Fitzroy Minerals Inc. is making significant progress in its exploration of the Buen Retiro and Caballos copper projects in northern Chile, coinciding with record-high copper prices, indicating a transformative year ahead for the company [1][2]. Caballos Project - The Caballos project has revealed a robust copper-molybdenum-gold system with multiple mineralization phases, extending over 600 meters, with ongoing exploration [2][4]. - Phase 1 drilling at Caballos has completed 3,154 meters across nine holes, with an airborne geophysical survey scheduled for Q1 2026 to enhance geological modeling [4][12]. - Drill hole CAB-DDH004A intersected 176 meters at 0.31% Cu, 249 ppm Mo, and 0.04 g/t Au, indicating promising mineralization [6][8]. Buen Retiro Project - At Buen Retiro, drilling continues to intersect significant sulphide mineralization, with a focus on the Upper Pucobre Formation, which is similar to the Candelaria deposit [3][20]. - Approximately 8,000 meters of diamond drilling across 29 holes has been completed, with assays pending for several drill holes due to laboratory delays [14][18]. - The geological interpretation indicates a copper-mineralized trend extending about 1 kilometer, with mineralization preferentially developed in permeable volcanic breccias and tuffs [17][18]. Technical Developments - The company plans to upgrade the Technical Report on the Heap Leach Joint Venture with Pucobre to a Pre-Feasibility Study, reflecting confidence in the project [4][23]. - New drilling contracts for 2026 are being negotiated, focusing on both exploration and larger diameter infill drilling [22]. Geophysical Surveys - Fitzroy has contracted Expert Geophysics for an airborne MobileMT survey to map subsurface geology to depths of 1 to 2 kilometers, with a total of approximately 716 line-km planned [10][12].
Fitzroy Minerals appoints Victor Flores to Board of Directors
Thenewswire· 2026-01-08 14:15
Core Viewpoint - Fitzroy Minerals Inc. has appointed Mr. Victor Flores as a Non-Executive Director, effective January 6, 2026, enhancing the company's governance and expertise in the resource capital markets [1][4]. Group 1: Appointment Details - Mr. Victor Flores is a recognized expert in resource capital markets with decades of experience, having worked as a resources analyst, Portfolio Manager, and Chief Investment Officer [2]. - His previous roles include eleven years as a Managing Director and Senior Mining Analyst at HSBC and nine years as a portfolio manager for Paulson & Co [2]. - Flores holds a Bachelor's degree in Geological Sciences and a Master's degree in Energy and Mineral Resources from the University of Texas at Austin, and he has been a CFA charter holder since 1992 [3]. Group 2: Company Overview - Fitzroy Minerals focuses on exploring and developing mineral assets with substantial upside potential in the Americas [5]. - The company's current property portfolio includes the Buen Retiro Copper Project in Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects in Valparaiso, Chile, the Taquetren Gold Project in Argentina, and the Cariboo Project in British Columbia, Canada [5]. - Fitzroy Minerals' shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQB under the symbol FTZFF [5].
Fitzroy Minerals Welcomes Resources Expert and Shareholder Craig Parry as Technical Advisor
Thenewswire· 2025-11-13 14:15
Core Viewpoint - Fitzroy Minerals Inc. has appointed Mr. Craig Parry as Technical Advisor, highlighting the company's focus on advancing its Chilean copper projects and leveraging Mr. Parry's extensive experience in the mining sector [1][2][3]. Company Overview - Fitzroy Minerals is engaged in exploring and developing mineral assets with significant upside potential in the Americas, with key projects including the Buen Retiro Copper Project and the Caballos Copper and Polimet Gold-Copper-Silver projects in Chile [6]. Appointment of Technical Advisor - Mr. Craig Parry, a mining executive and geologist with a strong track record, has been appointed as Technical Advisor. He has held leadership roles in various successful resource companies and has been involved in major discoveries [2][4]. - Mr. Parry expressed enthusiasm about joining Fitzroy Minerals, particularly regarding the potential of the company's projects [3]. Project Highlights - The Buen Retiro copper project is viewed as a potential major IOCG discovery, with management outlining a fast-track route to non-operated copper production, which could provide cash flow for future exploration [4]. - The Caballos project has shown promising copper-molybdenum-gold-rhenium mineralization, located in a prolific porphyry belt, indicating potential for significant new copper discoveries as exploration continues [5]. Management's Perspective - Merlin Marr-Johnson, CEO of Fitzroy Minerals, emphasized the importance of expanding the team's skill set as the Buen Retiro and Caballos projects progress, welcoming Mr. Parry's expertise to enhance value for stakeholders [5].