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American Eagle Announces $23 Million Strategic Investment Backed by Eric Sprott
TMX Newsfile· 2026-02-27 21:41
Highlights:The investment adds a third strategic investor, when combined with investments by mining companies South32 Group Operations PTY Ltd. and Teck Resources LimitedThe Offering funds significantly expanded drill programs for 2026 and 2027 at the Company's NAK copper-gold porphyry project (the "Nak") near Smithers, BCNo warrants will be issued in connection with the OfferingAmerican Eagle will issue these shares at $1.20 CADToronto, Ontario--(Newsfile Corp. - February 27, 2026) - American Eagle Gold C ...
World Copper Signs Definitive Agreement to Acquire Brassie Creek Project in British Columbia
TMX Newsfile· 2026-02-25 18:54
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that, further to its news release dated February 3, 2026, the Company has entered into a definitive property option agreement dated February 24, 2026 (the "Property Option Agreement") with the Vendor (as defined below), whereby the Vendor has granted to the Company an exclusive option to acquire a 100% interest (the "Option") in and to the ...
Metal Energy Appoints Charlie Greig as CEO
TMX Newsfile· 2026-02-11 12:00
Core Viewpoint - Metal Energy Corp. has appointed Charlie Greig as CEO, aiming to enhance value from the NIV project in British Columbia's Toodoggone Region, which is considered a promising porphyry copper-gold target [1][10]. Management Change - Charlie Greig, with a distinguished 40-year career in exploration geology, has been appointed as CEO, succeeding James Sykes [3][4]. - Greig's previous experience includes significant roles in the discovery of major mining projects, such as GT Gold's Saddle North and Saddle South [3]. Funding and Investment - Metal Energy is fully funded for 2026, having secured $9.25 million in financing from cornerstone investors Centerra Gold and Teck Resources, each holding 9.9% of the company's shares [5][6]. - This investment was made prior to any drilling at the NIV project, indicating strong confidence in the project's potential [6]. Exploration Plans - The company plans to announce its 2026 exploration program, focusing on high-priority drill targets at the NIV Property, which spans over 12,500 hectares [7][8]. - The NIV project has shown strong geochemical anomalies, with copper levels exceeding 300 ppm and gold levels over 200 ppb across a strike length of more than 5 km [11]. Project Overview - The NIV Property is located approximately 32 km south of Centerra Gold's Kemess mine complex and is fully permitted and drill-ready [8][10]. - The project is part of Metal Energy's portfolio, which includes other high-potential projects such as the Highland Valley and Manibridge projects [12].
Intrepid Announces C$6.5 million Non-Brokered Private Placement
TMX Newsfile· 2026-02-09 12:00
Core Viewpoint - Intrepid Metals Corp. has announced a non-brokered private placement to raise up to C$6.5 million, with Teck Resources Limited participating by subscribing for approximately C$4.1 million worth of shares, reflecting confidence in the Corral Copper Project's potential [1][2][3]. Financing Details - The Offering will consist of common shares priced at C$0.60 each, with Teck acquiring 6,842,881 shares, which will increase its ownership to approximately 15% of the total shares on a non-diluted basis upon closing [1][7]. - The proceeds will fund a 30-month exploration and development program at the Corral Copper Project, including various geological and drilling activities [3][10]. Strategic Partnership - Teck's increased investment is seen as a strong endorsement of the Corral Copper Project's quality and potential, indicating a strategic alignment between Intrepid and Teck [2][3]. - An amendment to the existing investor rights agreement will allow Teck to increase its maximum ownership from 15% to 19.9% and extend timelines for the committed program [4]. Project Overview - The Corral Copper Property is located in Cochise County, Arizona, near historical mining areas, and is considered an advanced exploration opportunity [10][11]. - Historical drilling data and modern exploration techniques are being utilized to enhance the project's development potential [12][13]. Management Update - Intrepid Metals Corp. has announced the resignation of Mr. Matt Lennox-King from its Board of Directors, thanking him for his contributions [9].
World Copper Signs Non-Binding LOI to Acquire Brassie Creek Project in British Columbia
TMX Newsfile· 2026-02-03 23:57
Core Viewpoint - World Copper Ltd. has entered into a non-binding letter of intent to acquire a 100% interest in the Brassie Creek Project, a mineral claims property located in British Columbia, Canada [1] Project Overview - The Brassie Creek Project is a porphyry-skarn copper and gold property covering approximately 1,861 hectares, situated about 50 km west of Kamloops [2] - The project is near significant mining operations, being 20 km north of Teck Resources' Highland Valley Mine and 30 km west of New Gold's New Afton Mine [4] Historical Exploration - Historical exploration activities at the Brassie Creek Project include: - 2025: Structural report covering the northwestern zone - 2020: 47-line-km ground magnetic and VLF survey identifying a magnetic-VLF anomaly - 2012 to 2019: Rock and soil geochemistry and structural analysis [5][12] Option Terms - The letter of intent outlines the terms for the option agreement, which includes: - Issuing 900,000 common shares to the vendor - Making cash payments totaling CAD 440,000 - Incurring exploration expenditures of CAD 750,000 [7] - The payment schedule includes: - $5,000 upon signing the Definitive Agreement - $10,000 cash and 100,000 shares within three business days of the Effective Date - Additional payments and expenditures due at specified intervals over 36 months [7] Access and Infrastructure - The Brassie Creek Project has year-round access via Highway 1 and an extensive network of forest service roads [6]
Dynasty Confirms Widespread, Near-Surface Gold Mineralization in New South-Pelham Zone, Metallic Screening Test on 2022 Drill Core Yielded 81.5 g/t over 1.5m
TMX Newsfile· 2026-01-14 14:00
Core Insights - Dynasty Gold Corp. has discovered near-surface gold mineralization in all three step-out drill holes located 1.5 km from the Pelham Resource in the new South-Pelham Zone, indicating potential for further exploration [1][3] Exploration Results - The recent drill program targeted an IP chargeability anomaly associated with bedrock sulphide occurrences and anomalous gold values, resulting in multiple zones of disseminated pyrite with gold mineralization at depths ranging from 27.5 to 201 meters [1] - Drill hole TC25-01 intersected a mineralized zone with 1.37 g/t gold over 6 meters, while TC25-03 confirmed further extension of the sulphide zone with 0.54 g/t gold over a 9-meter interval [5][6] - A significant assay result from a 1.5m core sample in a previous drill hole (DP22-03) showed a gold value of 81.5 g/t, which is 42% higher than the original assay of 57.3 g/t [2] Future Exploration Plans - The company plans to conduct additional drilling in 2026 to further explore the Thundercloud value beyond the Pelham Zone, following the encouraging results from the South-Pelham Zone [3] - The correlation of gold mineralization with Fe-sulphide minerals and IP chargeability anomalies suggests potential for further drill testing of other IP anomalies along a 2.5 km trend within the central property area [1] Technical Details - The drill core recovery was close to 100%, and the true width of the mineralized zones is currently unknown [10] - Quality assurance measures included the use of standards, blanks, and duplicates to verify the accuracy of gold assays, with samples analyzed for gold using fire-assay methods [12][13] Company Overview - Dynasty Gold Corp. is focused on gold exploration in North America, particularly at its 100%-owned Thundercloud property in northwestern Ontario, which is situated within the Archean Manitou-Stormy Lakes Greenstone Belt [14]
Congratulations to Bear Creek Mining Chair Catherine McLeod-Seltzer on Induction to Canadian Mining Hall of Fame
TMX Newsfile· 2026-01-12 21:30
Core Viewpoint - Bear Creek Mining Corporation congratulates Catherine McLeod-Seltzer on her induction into the Canadian Mining Hall of Fame, highlighting her significant contributions to the mining industry and her leadership role within the company [1]. Group 1: Achievements and Contributions - Catherine McLeod-Seltzer is recognized for her financial expertise and ability to create growth-focused companies, having co-founded Arequipa Resources, which was sold to Barrick for $1.1 billion in 1996 [2]. - She has raised over $750 million in working capital for mining exploration and completed corporate transactions worth more than $6 billion, attributing her success to strong partnerships with geological and corporate teams [2]. Group 2: Current Roles and Philanthropy - In addition to her role as Chair of Bear Creek, Catherine serves as a director for Teck Resources Limited and Flow Capital Corp, and has recently retired from the Board of Directors of Kinross Gold [3]. - She is involved in various philanthropic efforts, including serving on the board of the BC Children's Hospital Foundation and contributing to the Union Gospel Mission and The Fraser Institute [3]. Group 3: Recognition and Awards - Catherine has received multiple accolades, including being named among Canada's Most Powerful Women, awarded Mining Person of the Year by The Northern Miner, and included in the 100 Global Inspirational Women in Mining list [3].
Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
Globenewswire· 2026-01-07 01:02
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, providing excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, with inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3] - The project has a historical production record of 1.12 million ounces of gold from 1998 to 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, supported by a robust technical database from 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for additional gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction includes the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to approvals [12][13] Financial Overview - As of December 31, 2025, Sol, the entity acquiring the project, reported total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, resulting in a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle-drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of high-grade copper targets and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [31][28]
Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
Globenewswire· 2026-01-07 01:02
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, with excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate for the project indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, and inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3][22] - The project has a history of production, having operated as a 20,000 tonne per day open pit heap leach operation, producing a cumulative 1.12 million ounces of gold between 1998 and 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, with extensive evaluation conducted by past operators, including 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year, indicating potential synergies [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for both gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction involves the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to regulatory approvals [12][13] Financial Overview - As of December 31, 2025, the financial information for Sol, the entity acquiring the project, shows total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, indicating a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of a chalcocite enriched copper blanket and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [28][32]
Intrepid Metals Closes Strategic 9.9% Investment
TMX Newsfile· 2025-12-23 21:10
Core Viewpoint - Intrepid Metals Corp. has successfully completed a private placement with Teck Resources Limited, raising $3,960,000 through the issuance of 8,800,000 common shares at a price of $0.45 per share, resulting in a 9.9% strategic equity interest for Teck in the company [1]. Group 1: Financial and Investment Details - The gross proceeds from the offering will fund a 24-month exploration and development program at the Corral Copper Project, which includes various geological and drilling activities [2]. - Teck has entered into an Investor Rights Agreement with Intrepid, granting it rights to maintain or increase its ownership interest in the company, nominate representatives to a technical committee, and receive certain information regarding the Corral Copper Project [3]. Group 2: Project and Exploration Insights - The Corral Copper Property is located in Cochise County, Arizona, near historical mining areas, and is considered an advanced exploration and development opportunity [6]. - Historical mining in the district dates back to the late 1800s, with over 50,000 meters of historical drilling data available for exploration targeting, despite the core being destroyed [7]. - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [8]. Group 3: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in established mining jurisdictions in southeastern Arizona [9]. - The company has several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, which have significant historical drill results [9].