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Adelayde Exploration Closes Acquisition of the Sisson NW Tungsten Project in New Brunswick
Newsfile· 2025-10-23 21:10
Core Insights - Adelayde Exploration Inc. has successfully closed an acquisition of the Sisson NW Tungsten Project, which consists of 89 claims over approximately 4,890 contiguous acres in New Brunswick, adjacent to Northcliff Resources Ltd.'s Sisson Tungsten Mine [1][2] Company Developments - The acquisition allows Adelayde to expand its footprint to a total of 9,780 acres prospective for tungsten, coinciding with rising global demand for critical metals amid trade tensions between the USA and China [2] - The company plans to initiate work plans for the Sisson Tungsten and George Lake South Antimony projects, along with a maiden drill program on the Esmeralda County gold project in Nevada in 2025 [2] Financial Terms of Acquisition - Under the option agreement, Adelayde will earn a 100% interest in the Sisson NW Tungsten Project by issuing 6,000,000 common shares at a deemed price of $0.11 per share and making a cash payment of $5,000 [2] - The payment structure includes an immediate payment of $5,000 and the issuance of 4,500,000 shares, followed by an additional 1,500,000 shares after incurring a minimum of $200,000 in exploration expenditures within 18 months [2] Industry Context - The global supply of tungsten and antimony is tight, with China producing approximately 80-90% of each, while demand is increasing for applications in electronics, defense, and energy technologies [2] - The strategic stockpiling and supply risks are contributing to higher prices for these critical metals as Western nations seek alternative sources [2]
Germanium Mining Corp. Announces Exploration Program as Demand for Critical Metals Accelerates
Thenewswire· 2025-10-14 07:30
Core Insights - Germanium Mining Corp. is planning a new exploration program in response to the increasing global demand for germanium and other critical metals [1][3] - The U.S. Department of Defense has initiated a $1 billion program to stockpile critical minerals, including germanium, to reduce reliance on Chinese supply chains [2] - JPMorgan Chase & Co. announced a $1.5 trillion ten-year initiative to finance industries essential to national security, including critical metals [2] - These developments highlight the strategic importance of germanium, which is vital for semiconductors, fiber optics, and clean energy technologies [3] Company Overview - Germanium Mining's Lac du Km 35 Germanium Property is located approximately 40 km east of Chibougamau, Québec, with excellent access via Highway 167 [4] - The property features the Faribault Shear Zone (FSZ), a key structural element that may connect with other mineralized zones [5] - The Laganière germanium showing, discovered in 1998, has the highest reported germanium value in Québec at 0.02% (186 ppm) [6][13] Exploration Plans - The company will conduct a magnetic and electromagnetic airborne survey to identify potential shear zones and electromagnetic anomalies [8][9] - A remote sensing study will also be undertaken to confirm existing magnetic features and provide a structural framework [9][10] - A comprehensive rock sampling and assaying program is planned for Summer 2026, with diamond drill targets expected to be established by Fall 2026 [11] Market Context - Germanium is classified as a critical metal in Canada, the U.S., and the EU, with applications in electronics, solar energy, and military uses [12] - China, the largest producer of refined germanium, has banned exports to the U.S., leading to increased prices, with recent spot prices exceeding $5,000 per kilogram [13]
Adelayde Exploration Acquires the Sisson NW Tungsten Project in New Brunswick
Newsfile· 2025-10-14 07:01
Core Viewpoint - Adelayde Exploration Inc. plans to acquire the Sisson NW Tungsten Project in New Brunswick, which will significantly expand its tungsten footprint in the region to a total of 9,780 acres, amid rising global demand for tungsten due to geopolitical tensions and supply constraints [2][4][5]. Company Summary - The acquisition involves 89 claims covering 4,890 contiguous acres and is subject to regulatory approvals [2]. - The company will issue a total of 6,000,000 common shares at a deemed price of $0.11 and make a cash payment of $5,000 as part of the acquisition [5]. - Adelayde's existing projects include the Sisson North Tungsten Project and various lithium and gold projects in Nevada, indicating a diversified portfolio in critical minerals [7]. Industry Summary - The global market for tungsten is experiencing increased value due to China's tightening control over tungsten production and escalating demand, particularly highlighted by the recent funding secured by Northcliff Resources Ltd. for their Sisson Tungsten Mine [4][5]. - The junior markets for tungsten are buoyant, as evidenced by the significant rise in share prices of companies like American Tungsten Corp., which increased from $0.03 to $4.74 within a year [5].
New Age Metals Closes Second Finance Tranche Raising An Additional $933,399.36 With Eric Sprott Subscribing To $2 Million In The First Tranche
Thenewswire· 2025-10-10 12:00
Core Viewpoint - New Age Metals Inc. has successfully closed the second tranche of a non-brokered private placement financing, raising a total of $933,399.36, contributing to an aggregate total of $3,383,399.56 from both tranches [1] Financing Details - The second tranche involved the issuance of 3,068,846 flow-through units at $0.26 each and 615,906 non-flow-through units at $0.22 each [1] - The first tranche saw Mr. Eric Sprott, the largest shareholder, subscribe for $2,000,000, acquiring 9,090,910 units, resulting in his ownership of approximately 37.4% of the company on a partially diluted basis before the second tranche [1][4] Unit Composition - Each flow-through unit consists of one common share and one half of a share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for three years [2] - Each non-flow-through unit also consists of one common share and one half of a share purchase warrant, with the same terms as the flow-through units [3] Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration and development of projects in Newfoundland, Ontario, and Manitoba, while proceeds from non-flow-through units will be used for exploration and general working capital [6] Project Highlights - The flagship asset is the River Valley Palladium-Platinum Project, one of the largest undeveloped primary palladium projects in North America, currently in the development stage with a Preliminary Economic Assessment released in 2023 [4][9] - The price of palladium has increased by approximately 65% and platinum by 80% over the last six months, indicating a favorable market environment for the company's projects [4] Ongoing Programs - Phase 2 of the Newfoundland Gold-Antimony Division summer/fall field program is underway, with promising results from Phase 1 [4] - The company is awaiting assay results from the summer Phase 1 field program on its Genesis PGM-Cu-Ni Project in Alaska, with plans for Phase 2 development [4] Strategic Partnerships - The company has a long-standing option agreement with Mineral Resources Ltd., which is funding NAM's Lithium Division [4][11] - NAM is actively seeking new mineral acquisition opportunities on an international scale, aiming to generate projects for optioning with major and junior mining companies [16]
New Age Metals Closes First Tranche of Private Placement with Eric Sprott Raising $2,450,000
Thenewswire· 2025-10-03 12:30
Core Viewpoint - New Age Metals Inc. has successfully closed the first tranche of a non-brokered private placement financing, raising a total of $2,450,000 through the issuance of flow-through and non-flow-through units [1][6]. Financing Details - The first tranche included the issuance of 1,730,771 flow-through units at a price of $0.26 per unit and 9,090,910 non-flow-through units [1]. - Each flow-through unit consists of one common share and one half of a share purchase warrant, with the whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for three years [2]. - Each non-flow-through unit also consists of one common share and one half of a share purchase warrant, with the same terms as the flow-through units [3]. Finder's Fees - A total of $27,000.02 in cash and 142,307 non-transferable finder warrants were paid to GloRes Securities Inc. and PB Markets Inc. for the FT Unit tranche closing [4]. - No finder fees were associated with the NFT Units [4]. Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration and development of projects in Newfoundland, Ontario, and Manitoba [6]. - Proceeds from the non-flow-through units will be used for exploration and general working capital [6]. Insider Participation - Eric Sprott, through 2176423 Ontario Ltd., acquired 9,090,910 non-flow-through units for a total of $2,000,000.20, increasing his ownership from approximately 23.2% to 33.1% of the outstanding shares on a non-diluted basis [7]. - The transaction is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [10]. Company Overview - New Age Metals is focused on the exploration and development of critical green and precious metal projects in North America, with divisions in Platinum Group Elements, Gold, Lithium/Rare Elements, and Antimony-Gold [11]. - The company owns significant projects, including the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects [12]. - Recent developments include an agreement to option the Bonanza Gold Project in the Kenora Gold District, which consists of 114 mining claims [13]. Lithium Division - The Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, exploring hard rock lithium and rare elements [14]. - A joint venture with Mineral Resources Ltd. has been established, with a minimum budget approved for the projects from May 2025 to April 2026 [14]. Antimony-Gold Division - The Antimony-Gold division spans over 19,800 hectares in Newfoundland, with ongoing exploration activities and recent approval under the Junior Exploration Assistance Program [17]. Investment in MetalQuest Mining - New Age Metals holds approximately 12.79% of MetalQuest Mining, which is developing a significant iron ore project [18][19].
New Age Metals Announces an Increase of Private Placement to $4 Million with Participation from Eric Sprott
Thenewswire· 2025-09-26 12:30
Core Viewpoint - New Age Metals Inc. has increased the size of its flow-through unit private placement from $1,200,000 to $1,700,000 due to strong investor demand [1][2]. Group 1: Private Placement Details - The flow-through unit (FT Unit) private placement will now raise up to $1,700,000, while the non-flow-through unit (NFT Unit) remains unchanged at $2.3 million [2]. - Each FT Unit will be issued at a price of $0.26, consisting of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.40 for up to 36 months [3]. - Mr. Eric Sprott, the largest shareholder owning 23.2% of the company, intends to subscribe for $2,000,000 of the private placement [2]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated for exploration and development of the company's projects located in Newfoundland, Ontario, or Manitoba, while proceeds from the NFT Units will be used for exploration and general working capital [4]. Group 3: Regulatory and Compliance - All securities issued in connection with the private placement will be subject to a hold period of four months plus one day from the date of issuance, and the closing is conditional upon receiving approval from the TSX Venture Exchange [5].
CEO.CA's Inside the Boardroom: Why Tin Matters: Eloro Resources on Critical Metals and Iska Iska
Newsfile· 2025-09-17 20:02
Core Insights - The article discusses the significance of tin and the Iska Iska project by Eloro Resources, highlighting its potential in the context of rising global demand for critical metals [3]. Company Overview - Eloro Resources is a mining company listed on the TSX under the ticker ELO and on the FSE as P2QM, focusing on polymetallic discoveries [3][4]. - The Iska Iska project in Bolivia is noted for its substantial tin potential, which is increasingly relevant due to the growing demand for critical metals globally [3]. Industry Context - The demand for critical metals, including tin, is on the rise, making projects like Iska Iska particularly attractive to investors and industry stakeholders [3].
Quantum Expands Victory Antimony Property in Haida Gwaii, BC
Thenewswire· 2025-08-25 13:00
Core Viewpoint - Quantum Critical Metals Corp. has submitted an application to expand the Victory Antimony Property to 1,444 hectares, emphasizing its commitment to responsible exploration and securing domestic supply chains for critical minerals [1][5]. Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects, including the Victory Antimony Project in British Columbia and others in Québec [16]. Victory Antimony Project Details - The Victory Antimony project was initially discovered in 1988, with historical samples showing significant mineralization, including 11.8% arsenic and 1.24% antimony [3][5]. - The project is characterized as a hydrothermal hot spring deposit type, located within the Middle Jurassic Yakoun group [3]. Expansion Plans - Subject to approval, the company plans to develop access to the expanded property and conduct field programs for verification of historical showings and geological mapping [4]. Importance of Antimony - Antimony is recognized as a critical mineral, primarily used in flame retardants and various technologies, with a global market expected to grow at a CAGR of 5.5% from 2023 to 2030 [8]. - The U.S. Department of Defense has classified antimony as a critical mineral due to its significance in national security [10]. Supply Chain Concerns - China dominates global antimony production, accounting for over 70% of supply, which poses significant risks to industries reliant on this mineral [9]. - Recent geopolitical developments, including China's export bans on antimony, have heightened concerns over supply chain security for critical metals [13][14]. Recent Financial Activity - The company recently closed a private placement, raising $2,009,100.30 in gross proceeds, with associated finders' fees and broker warrants issued [11].
X @Bloomberg
Bloomberg· 2025-08-21 19:09
Strategic Stockpiling - US Defense Department seeks to buy cobalt for strategic stockpiles for the first time in decades [1] - This move aims to bolster domestic supplies of critical metals [1]
GoldHaven Resources Identifies Critical, Base and Precious Metals at Magno Project: Indium, Tin, Zinc, Silver & Gold Highlight Exploration Potential
Globenewswire· 2025-08-14 13:00
Core Insights - GoldHaven Resources Corp. has provided an update on its Magno Project, highlighting its potential for critical metals in a geopolitically stable region of Canada [1][6][33] Project Overview - The Magno Project is a district-scale polymetallic property covering 30,573.53 hectares in the Liard Mining Division of northern British Columbia, with 100% ownership by the company [2][3] - The project is accessible via Highway 37, facilitating future exploration and development [2] Critical Metals Potential - The project hosts several critical metals including tin, indium, zinc, silver, gold, tungsten, and gallium, which are essential for various industries such as electronics, defense, and green energy technologies [3][6][9] - Historical data indicates significant concentrations of technology-critical metals, particularly in light of global supply shortages [4][6] Geological Insights - The project is located at the contact zone between the Cassiar Batholith and sedimentary rocks, with widespread base metal mineralization [7] - Recent reconnaissance sampling has identified anomalous indium and tin values, suggesting the potential for significant mineralization [8][17] Exploration Strategy - GoldHaven plans to conduct detailed geochemical analysis of various metals to correlate data with the magmatic source of mineralization [10] - The company aims to verify historical results and explore the potential for deeper porphyry mineralization in the region [30][35] Market Demand for Critical Metals - Tin is increasingly in demand for electronics and battery storage, with historical sampling indicating significant tin grades on the property [11][15] - Indium is essential for modern technology, particularly in electronic displays, with the U.S. relying entirely on imports to meet its demand [17][18] - Zinc is a critical industrial metal used in galvanization and green energy technologies, with widespread mineralization confirmed on the property [19][22] Silver and Tungsten Significance - Silver is crucial for various industrial applications, and the Magno Property shows strong potential for high-grade silver alongside lead and zinc [23][25] - Tungsten has emerged as a strategic mineral due to its physical properties and importance in defense systems, with significant historical resources identified in the area [26][27][28] Future Plans - The company is set to advance exploration efforts in British Columbia and Brazil, focusing on the strategic importance of the Magno Project for high-tech metal exploration [33][35]