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West Point Gold Closes the Acquisition of the Baxter Spring Project in Nevada
Newsfile· 2025-10-03 11:00
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce it has completed the acquisition of a 100% interest in the Baxter Spring Project, via the acquisition of Baxter Gold Corp. ("Baxter"), a private Canadian corporation, and its US subsidiary, pursuant to a share purchase agreement dated September 15, 2025 (the "Purchase Agreement"), as previously announced in the Company's p ...
Royal Road and Rio2 Announce Share Acquisition by Rio2
Globenewswire· 2025-09-29 11:30
Core Viewpoint - Rio2 Limited has acquired approximately 15.0% of Royal Road Minerals Limited's issued and outstanding shares, marking a significant investment and partnership opportunity for both companies [1][4]. Group 1: Acquisition Details - Rio2 acquired 39,855,000 ordinary shares of Royal Road at a price of $0.115 per share, totaling an investment of $4,583,325 [4]. - The acquisition was part of a block trade on the TSX Venture Exchange, transferring shares from a single investor to Rio2 and other institutional investors [2]. - Following the acquisition, Rio2 became an "insider" of Royal Road under applicable securities laws [1]. Group 2: Strategic Implications - Royal Road's President and CEO expressed enthusiasm about the partnership, highlighting Rio2's strong track record in developing gold projects and their alignment with Royal Road's growth ambitions [3]. - Rio2's Executive Chairman emphasized the geological attractiveness of Royal Road's portfolio and the potential for future diversification and growth opportunities [3]. - An Investor Rights Agreement allows Rio2 to maintain its ownership percentage and designate a nominee for Royal Road's board of directors, provided it holds at least 9.5% of the shares [3]. Group 3: Company Profiles - Royal Road Minerals is focused on mineral exploration and development, with operations in Saudi Arabia, Morocco, and Colombia, aiming to discover and develop large-scale copper and gold deposits [8]. - Rio2 Limited is a mining company concentrating on the development of its Fenix Gold Project in Chile, committed to high environmental standards and responsible mining practices [9].
Q-Gold Provides Update on Fully Subscribed Private Placement Financing
Globenewswire· 2025-09-24 23:30
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“Q-Gold” or the “Company”) announces today that the TSX Venture Exchange (the “TSXV”) has conditionally approved: an issuance by the Company of up to 76,700,000 units of the Company (the “Units”) (including the Agent’s Over-Allotment Option, as each such term is defined below) at a price of C$0.15 per Unit for aggregate gross proceeds t ...
Roscan Gold Receives Exploration Permit Renewal from Mali's Ministry of Mines
Newsfile· 2025-09-22 13:19
Roscan Gold Receives Exploration Permit Renewal from Mali's Ministry of MinesSeptember 22, 2025 9:19 AM EDT | Source: Roscan Gold CorporationToronto, Ontario--(Newsfile Corp. - September 22, 2025) - Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) ("Roscan" or the "Company") is pleased to announce that it has received formal approval from the Council of Ministers for the renewal of its key exploration permits. This is a positive development as it paves the way for the issuance of ...
EDUARDO LUNA APPOINTED LEAD DIRECTOR OF VIZSLA SILVER
Prnewswire· 2025-09-17 12:00
Core Viewpoint - Vizsla Silver Corp. has appointed Mr. Eduardo Luna as Lead Director of the Board, recognizing his extensive experience in the mining industry and his contributions to the company's progress towards becoming a leading silver producer [2][4]. Company Leadership - Mr. Eduardo Luna, an independent director since November 15, 2023, has been appointed as Lead Director, bringing four decades of experience in the mining sector [2][3]. - Luna has previously held significant roles in companies such as Goldcorp and Wheaton River, and has been instrumental in developing major mines in Mexico, including the San Dimas Mine [2][3]. Incentive Compensation - The company has granted 1,550,000 performance-based restricted share units (PRSUs) to officers, employees, and consultants, which will vest over three years following the announcement of the Feasibility Study for the Panuco Project [4]. Panuco Project Overview - The Panuco silver-gold project is located in southern Sinaloa, Mexico, covering 7,189.5 hectares with over 86 kilometers of vein extent and existing infrastructure [5]. - The project contains intermediate to low sulfidation epithermal silver and gold deposits, primarily associated with volcanic activity [6]. Mineral Resource Estimate - As of January 6, 2025, the Panuco Project has an estimated in-situ combined measured and indicated mineral resource of 222.4 million ounces of silver equivalent (AgEq) and an inferred resource of 138.7 million ounces AgEq [7]. Economic Highlights - A Preliminary Economic Study completed in July 2024 indicates an annual production of 15.2 million ounces AgEq over an initial mine life of 10.6 years, with an after-tax NPV at 5% of US$1.1 billion, an IRR of 86%, and a payback period of 9 months at silver and gold prices of US$26/oz and US$1,975/oz respectively [7].
Renegade Gold Appoints New President and Chief Executive Officer
Newsfile· 2025-09-17 11:20
Company Overview - Renegade Gold Inc. is focused on the acquisition, exploration, and development of mineral properties in the Red Lake Mining District of Northern Ontario, holding over 89,600 hectares of prospective exploration properties with significant potential for gold and critical minerals [5] Leadership Changes - Devin Pickell has been appointed as President, Chief Executive Officer, and Director of Renegade Gold Inc., bringing 20 years of experience in mineral production and exploration, particularly in gold and lithium projects [1][2] - The company also announced the resignation of David Velisek as a director and Nav Dhaliwal as Chief Executive Officer, while both remain as directors [3][4] Strategic Focus - The company aims to re-evaluate its core Red Lake assets, including Newman Todd, Sidace, and Confederation, with a focus on high-grade extensions and systematic exploration [3] - At Newman Todd, the strategy includes expanding the mineralized footprint and testing newly interpreted zones, while Confederation presents a district-scale opportunity that has not been systematically explored [3]
St-Georges sets date for Annual General Meeting & Extends the Duration of Some Warrants
Thenewswire· 2025-09-12 22:15
Corporate Update - St-Georges Eco-Mining Corp. will hold its Annual General Meeting on December 12, 2025, at 1pm EDT in a hybrid format, allowing both in-person and virtual attendance [1] - Management is conducting surface sampling and fieldwork on the Julie and Manicouagan Critical Minerals Projects in September and October to validate new geological models and confirm the potential of newly identified target zones [1] Project Developments - CEO Herb Duerr, along with a senior geologist and a water expert geologist, will visit the Thormodsdalur and Elbow Creek Gold Projects in Iceland for geological assessments and community engagement [2] - The company is extending the validity of certain warrants issued to subscribers, with new terms set for warrants issued on September 14, 2023, and October 31, 2023, extending the exercise period from 24 months to 42 months [3][5] Company Overview - St-Georges Eco-Mining Corp. develops new technologies and holds a diversified portfolio of assets, including advanced battery processing, metallurgical R&D for lithium recovery, high-grade gold exploration projects, and methane conversion technology [8]
Magna Mining (OTCPK:MGMN.F) 2025 Conference Transcript
2025-09-11 16:32
Summary of Magna Mining Conference Call Company Overview - **Company**: Magna Mining (OTCPK:MGMN.F) - **Industry**: Mining, specifically focused on nickel and copper in the Sudbury area Key Points and Arguments 1. **Acquisition of Properties**: Magna Mining announced a definitive agreement to acquire eight properties in Sudbury from KGHM International, marking a transformational deal for the company [2] 2. **Growth Strategy**: The company’s growth is based on three pillars: production, exploration, and synergistic acquisitions of noncore assets in Sudbury [3] 3. **Current Operations**: The Macready West copper mine is currently producing, with plans to use cash flow from this operation to build and restart other owned operations in Sudbury [3][4] 4. **Exploration Potential**: Significant exploration potential exists on acquired properties, with a focus on high-grade copper discoveries [4] 5. **Infrastructure Advantage**: Sudbury has extensive mining infrastructure, including processing plants and smelters, which provides a strategic advantage for Magna Mining [5][6] 6. **Turnkey Restart Projects**: Several mines, including Levac and Podolsky, are on care and maintenance but are fully permitted for quick restarts [7][8] 7. **Revenue Focus**: Currently, about 70% of revenues are derived from copper, with plans to turn on nickel production when market conditions are favorable [11] 8. **Resource Estimates**: The 700 complex has an indicated resource of approximately 5.2 million tonnes, with grades of 0.7% nickel, just under 2% copper, and 2.5 grams of precious metals [12] 9. **Investment in Development**: The company is investing $10 million in underground development to open new mining areas and ensure long-term operational flexibility [13] 10. **Exploration at Levac Mine**: The Levac Mine has a historic resource and is being explored for high-grade deposits similar to the Morrison Deposit, with recent drilling showing promising results [14][18] 11. **Capital Structure**: As of June 30, the company had $27 million in the bank and announced a $45 million life offering to fund aggressive drilling programs [24][25] 12. **Upcoming Catalysts**: Future catalysts include drilling results from Levac, resource estimates for multiple properties, and potential government support for critical mineral strategies [26][27] Additional Important Information - **Shareholder Support**: The company has attracted supportive shareholders, including Dundee Corp, which has been instrumental in its growth [25] - **Government Recognition**: Magna Mining has been recognized as a priority company for the critical mineral strategy by the Ontario provincial government, which may facilitate quicker restarts of operations [27]
Armory Mining Amends AMMO Antimony-Gold Project Option Agreement
Thenewswire· 2025-09-11 11:30
Core Viewpoint - Armory Mining Corp. has amended its mineral property option agreement to accelerate the acquisition of the Ammo Property, which is adjacent to the West Gore antimony-gold mine in Nova Scotia, Canada, allowing the company to gain a 100% interest in the project [1][3]. Group 1: Agreement Details - The amendment agreement, dated September 9, 2025, modifies the terms of the original option agreement from a cash payment of $25,000 to the issuance of 384,615 common shares to the optionor within five business days of acceptance by the Canadian Securities Exchange [2]. - To date, the company has made cash payments totaling $25,000 and issued 750,000 common shares to the optionor [2]. Group 2: Company Strategy and Future Plans - The CEO of Armory Mining Corp. stated that the amendment accelerates the acquisition process and allows the company to proceed with exploration plans following a recent data compilation [3]. - The Ammo Property is located in an established antimony-gold camp with historical production, indicating potential for future exploration success [3]. Group 3: Company Overview - Armory Mining Corp. is focused on minerals critical to the energy, security, and defense sectors, controlling an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [5].
Bessor Announces Acquisition of Graphite Prospect
Globenewswire· 2025-09-10 17:36
Core Viewpoint - Bessor Minerals Inc. has entered into an asset purchase agreement to acquire the Jagrite Graphite Project in British Columbia, enhancing its property portfolio and exploration capabilities [1][3]. Company Overview - Bessor Minerals Inc. focuses on the exploration and development of the Redhill volcanogenic massive sulphide deposit in British Columbia and holds a 1% NSR on certain claims in the Blackwater Mine operated by Artemis Gold Inc. [3]. Acquisition Details - The Jagrite Graphite Project covers 139.4 hectares and is located 30 kilometers southwest of Bella Coola, BC. Previous exploration has identified graphite occurrences over a 400 X 400 meter area within the property [2]. - The acquisition terms include a cash payment of CAD 20,000 upon signing, followed by two additional payments of CAD 25,000 within 12 and 24 months, respectively, and the issuance of 2,000,000 common shares to the vendor upon closing [6]. Geological Insights - The project contains crystalline flake graphite concentrations found within biotite schist roof pendants of the granodioritic gneiss, with graphite concentrated at the crests of folds and in shear zones and thin veins [2]. Qualified Person - Andris Kikauka, P.Geo., has reviewed and approved the disclosure in the news release, ensuring compliance with National Instrument 43-101 [4].