TORONTO, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0), a leading Canadian mining exploration company focused on critical metals and minerals, is pleased to announce that advanced geophysical and geological modelling has confirmed significant expansion potential of the antimony-gold deposit at its Howells Lake Antimony-Gold Project (“Howells Lake Project”). The results underscore the potentia ...

Core Viewpoint - Gunnison Copper Corp. has signed a non-binding Letter of Intent with Lunasonde Inc. to explore advanced technology for identifying copper and other critical minerals in Arizona's Cochise Mining District [1][2]. Group 1: Partnership Details - Under the LOI, Gunnison will allow Lunasonde to access its land package in southeastern Arizona to test and refine its remote sensing technology [2]. - The partnership aims to enhance the identification of new targets for copper, critical minerals, and rare earth elements within Gunnison's assets [2][3]. Group 2: Technology and Exploration Potential - The geology of the Cochise Mining District is known to host at least 12 critical minerals essential to the U.S. supply chain, much of which remains unexplored due to alluvial cover [3]. - Lunasonde's technology is expected to penetrate this cover and facilitate new discoveries [3][4]. Group 3: Funding and Future Plans - The parties plan to apply for funding under the U.S. Department of Energy's ROCKS Program to support this venture [5]. - The transaction is contingent upon the negotiation of definitive agreements and the successful submission and approval of the DOE funding application [5]. Group 4: Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District, which contains 12 known deposits within an 8 km radius [6]. - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [7]. - The preliminary economic assessment (PEA) for the Gunnison Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% [7][8]. Group 5: Additional Assets - Gunnison's Johnson Camp Asset is currently in production, fully funded by Nuton LLC, with a capacity of up to 25 million lbs of finished copper cathode annually [10]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [10].

Core Viewpoint - Resolution Minerals has secured $25.1 million in funding from high net worth and global institutions to accelerate exploration at the Horse Heaven project in the US, following early exploration success at the Antimony Ridge target [1] Group 1: Funding and Investment - The capital raising includes a cornerstone investment of $7.75 million from high-caliber local and international investor groups [2] - The capital raising is structured in two tranches, with the first tranche raising $18.4 million and the second tranche pending shareholder approval [3] - The placement shares are priced at $0.05 each, reflecting an 11.2% discount to the 15-day volume-weighted average price of $0.0563 [4] Group 2: Exploration and Development Plans - Proceeds from the funding will be used to advance drilling at Horse Heaven and explore downstream critical mineral processing initiatives [4] - The company is preparing to drill targets in and around dormant tungsten, gold, and antimony mines, and is seeking additional permits to expand its drilling program [6] - Resolution is also developing a Washington DC engagement strategy to become eligible for grants and support from US government organizations due to the project's critical minerals potential [6] Group 3: Market Positioning - The company aims to list on NASDAQ and compete with major US critical metals companies like Perpetua Resources and MP Materials [5]

Core Insights - Locksley Resources has expanded its landholding in California's Mojave region by adding 249 claims, bringing the total to 491 claims, which are strategically located near the Mountain Pass rare earth mine [1][2] Group 1: Land Expansion and Strategic Positioning - The additional claims enhance Locksley's land position and secure acreage adjacent to recently discovered antimony, rare earth elements (REEs), and polymetallic mineralization [2][4] - The southeast claims feature favorable gneissic geology, which is known to host the Mountain Pass mine and carbonatites [2] Group 2: Geological Insights and Opportunities - The technical director highlighted substantial regional structures that could serve as conduits for REE-bearing carbonatites, indicating potential for various mineralization styles [3] - The proximity of the northern claims to Dateline Resources' Colosseum Gold Project, located just 3km away, suggests additional exploration opportunities [3] Group 3: Commodity Opportunities and Strategic Partnerships - The USGS geochemical database indicates the presence of polymetallic and precious metals occurrences near the new northern claims, revealing multiple commodity opportunities [4] - Locksley Resources has entered a strategic partnership with Rice University to develop domestic processing technology for North American antimony, marking the start of its Critical Minerals and Energy Resilience Strategy [5]

Core Viewpoint - Critical One Energy Inc. has expanded its land holdings at the Howells Lake Antimony-Gold Project by 67%, enhancing its position as the owner of Canada's largest undeveloped antimony deposit [1][3]. Group 1: Expansion Details - The company has acquired an additional 9,979 hectares, bringing the total land package to 24,887 hectares [6]. - The expansion is based on a review of the Government of Ontario's soil sample analysis, revealing high-priority antimony and gold anomalies in unexplored areas [2][4]. - Soil samples from up to 5 km west of known mineralization returned the highest antimony values in a dataset of over 3,600 samples [2]. Group 2: Geological and Resource Potential - The Howells Lake Project hosts a historical resource of 1.7 million tons at a grade of 1.4% antimony, with associated gold mineralization [6]. - Previous drilling at the V-3 grid area intersected up to 75% antimony within a core interval of 5.37% antimony over 8.35 meters [2]. - Newly staked areas cover extensions of known mineralization and untested geochemical targets, with historical assay intervals grading as high as 59.2% antimony and 14.19 grams per tonne gold [6][8]. Group 3: Strategic Positioning and Market Context - Antimony prices have surged over 550% since 2015 due to global supply constraints and China's 2024 export ban, positioning Critical One to address critical mineral supply chain challenges [6]. - The company is advancing its exploration program with plans for follow-up drilling to delineate and expand the antimony-gold resource [9]. - A recent private placement of CDN$3.3 million supports the company's near-term exploration efforts [9].

Core Insights - E-Tech Resources Inc. has provided a corporate update regarding its Eureka Project in Namibia, highlighting the submission of a transfer for the Exclusive Prospecting Licence (EPL 8748) and the designation of nuclear fuels as a commodity [1][2][3] Group 1: Licence Transfer and Ownership Structure - The company has submitted the transfer of EPL 8748 to a new Namibian entity, with E-Tech holding 85% ownership and local partners holding 15%, fulfilling a key condition of the Purchase Agreement [2] - This transfer consolidates project ownership and establishes a framework for future exploration and development activities [2][4] Group 2: Inclusion of Nuclear Fuels - The terms of EPL 8748 have been amended to include nuclear fuels, allowing E-Tech to expand its exploration to include uranium and thorium alongside its existing rare earth element resources [3] - This amendment enhances the long-term value potential of the Eureka Project by broadening its exploration mandate [3][4] Group 3: Future Plans and Strategic Positioning - The company plans to advance targeted exploration programs to define new critical mineral prospects while continuing to expand and de-risk its established rare earth element resource base [4] - The interim CEO emphasized that these developments position the Eureka Project to advance under a supportive framework for both rare earth resources and additional critical minerals [4] Group 4: Project Location and Context - The Eureka Project is located approximately 250 km northwest of Windhoek, Namibia, and 140 km east of Walvis Bay, situated next to the national B1 highway in the Erongo Region [5] - The project lies within the Southern Central Zone of the Neoproterozoic Damara Belt, covering EPL 6762 and surrounding EPL 8748 [6] - Namibia is noted for its political stability, established infrastructure, and transparent mining laws, providing a favorable environment for mining activities [7]

Core Viewpoint - Beyond Lithium Inc. has expanded its critical minerals portfolio by acquiring the Owl Creek Copper Porphyry Project in British Columbia, which encompasses approximately 1,566 hectares and is located near significant porphyry deposits for copper-moly and copper-gold mineralizations [1][2]. Company Developments - The company now holds three high-quality assets: the Ear Falls Project in Ontario with proven spodumene mineralization, the Rare One Project in British Columbia with rare earth and base metal mineralization, and the newly acquired Owl Creek Project with extensive copper mineralization from surface [2]. - The company has filed a second amended offering document for a non-brokered private placement of up to 10,000,000 units at a price of $0.03 per unit, aiming for aggregate gross proceeds of up to $300,000 [10][12]. Geological Context - The Owl Creek Project is situated within the Cascade Magmatic Arc, which is known for hosting significant porphyry deposits for copper-moly and copper-gold mineralizations [3]. - Historical exploration at the Owl Creek site has shown promising results, including a 66-meter section with 0.33% Cu and other drill results indicating copper grades of 0.2% Cu over 182 meters and 0.4% Cu over 91.4 meters [5][8]. Regulatory and Consultation Framework - In March 2025, British Columbia introduced a Mineral Claim Consultation Framework, requiring consultation with Indigenous communities prior to registering mineral claims. The consultation process for the Owl Creek Project is expected to begin by early September 2025 [9]. Financial and Investment Aspects - The net proceeds from the amended offering will be used for general working capital, mineral property exploration activities, and marketing [12]. - The offering is scheduled to close on or about August 29, 2025, subject to customary conditions, including raising a minimum of C$150,000 [12].

Core Insights - New Age Metals Inc. has received formal approval under Newfoundland and Labrador's Junior Exploration Assistance Program, enabling the company to advance its exploration projects in the region [1][2] - The project has been designated as a "Critical Minerals as a Primary Exploration Target," ensuring eligibility for funding from Critical Minerals Assistance and Provincial Critical Mineral Assistance streams [2] - The company is preparing for a Phase 2 exploration program following a successful Phase 1 program, with a budget of approximately $225,000 and potential rebate support of up to 40% of eligible costs [4][5][6] Exploration Program Details - The Phase 2 field program will include geological mapping, prospecting, and various sampling methods, with a focus on the Antimony Ridge property [6][7] - The total area of the Antimony Ridge and Citadel properties is 3,775 hectares, which are located near hydroelectric power and communities, providing access to a skilled workforce [9][8] - The company has entered into an Option Agreement to acquire a 100% interest in the Antimony Ridge Property, enhancing its geological potential [8] Financial Support and Incentives - The JEA Program aims to expand the mineral inventory of Newfoundland and Labrador, providing funding through a combination of provincial and federal grants [10] - The potential rebate for eligible exploration activities is estimated at $71,975, with a maximum rebate of $150,000 per project [6][12] - The JEA Program is designed to support junior companies in critical mineral exploration, with a total funding pool of $3.9 million [10]

Core Viewpoint - Nine Mile Metals Ltd. has received a $40,000 grant from the New Brunswick Department of Natural Resources and Energy Development to support exploration on the California Lake East VMS Project [1][4]. Exploration Plans - The company submitted a proposal in April 2025 for specific exploration on the California Lake East VMS Project, where previous drilling in 2022 confirmed the presence of a VMS system [2]. - Planned exploration will focus on the stratigraphic horizon and EM strong late-time conductors, with ground-based geophysics to define prioritized drill targets [2][6]. - Target 6 has been identified as a high-priority new target, potentially the source of the previously successful VMS drill program at Target 8 [2][8]. Support and Community Engagement - The New Brunswick government continues to support the mining community in the Bathurst Mining Camp through the Junior Mining Assistance Program, which funds projects of high interest [4]. - The company expresses gratitude for the ongoing support from the New Brunswick Department of Natural Resources and the local mining community [8]. Company Overview - Nine Mile Metals Ltd. is focused on Critical Minerals VMS exploration in the Bathurst Mining Camp, with projects including Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge VMS Projects [9]. - The company aims to position itself for the demand in EV and green technologies, which require critical minerals such as Copper, Silver, Lead, and Zinc, while also having a hedge on Gold [9].

Core Viewpoint - Apex Resources Inc. is advancing its drilling plans for critical minerals and gold at the Jersey-Emerald Property, with an initial program of seven holes targeting minerals on Canada's Critical Minerals List [1][2]. Group 1: Drilling Plans and Targets - The drilling program will consist of approximately 955 meters, with the first two holes focused on zinc mineralization (including germanium and gallium), while the remaining five holes will target two zones of gold mineralization associated with bismuth, tellurium, tungsten, and molybdenum [1][2]. - Four of the seven drill holes are situated on the company's private land, facilitating the permitting process, and road access is available to most proposed sites [3]. Group 2: Potential and Historical Context - The Jersey-Emerald Property is noted for its potential to host additional deposits, with five gold and six tungsten zones identified, located near key transportation routes and historical mining sites [4][7]. - Historical drilling has revealed significant gold values, including 24.98 grams per tonne (g/T) over 10.2 meters in a previous drill hole [4]. Group 3: Other Projects and Strategic Location - Apex's flagship project, the Lithium Creek Project, is strategically located near Reno, Nevada, within proximity to major players in the lithium-ion battery supply chain, including the Tesla Gigafactory [6]. - The Lithium Creek Project encompasses extensive placer claims and naturally flowing lithium brine groundwater, indicating strong potential for lithium extraction [6].