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Surge Copper Corp. to Present at the OTCQB Venture Virtual Investor Conference August 7th
GlobeNewswire News Room· 2025-08-06 12:35
Company Overview - Surge Copper Corp. is a Canadian company focused on developing the Berg copper project in British Columbia, which is part of an emerging critical metals district [4] - The company owns a large mineral claim package with multiple advanced porphyry deposits containing resources of copper, molybdenum, gold, and silver [4] Project Highlights - The company holds a 100% interest in the Berg Project, which has a maiden Preliminary Economic Assessment (PEA) announced in June 2023, indicating a large-scale, long-life project with a net present value (NPV) of C$2.1 billion and an internal rate of return (IRR) of 20% based on long-term commodity prices [5] - The PEA is based on long-term prices of US$4.00/lb copper, US$15.00/lb molybdenum, US$23.00/oz silver, and US$1,800/oz gold [5] - The Berg deposit contains NI 43-101 compliant resources categorized as Measured, Indicated, and Inferred [5] Recent Developments - The company has delivered excellent metallurgical test results for the Berg Project to support pre-feasibility advancement [9] - Positive results have been reported from a pre-feasibility level geotechnical drilling program [9] - Surge Copper announced an upsized financing of C$10.4 million to fund engineering, environmental, and early-stage permitting work at the Berg Project, which supports the anticipated delivery of a pre-feasibility study and potential entry into the Environmental Assessment process [9] Upcoming Events - The CEO of Surge Copper, Leif Nilsson, will present live at the OTCQB Venture Virtual Investor Conference on August 7, 2025, from 10:00 am to 10:30 am ET [1] - The event will allow investors to ask questions in real-time, and an archived webcast will be available for those unable to attend live [1]
American Tungsten Corp. Announces Closing of Upsized $7m Financing
GlobeNewswire News Room· 2025-07-24 11:30
Core Viewpoint - American Tungsten Corp. successfully closed an oversubscribed non-brokered private placement, raising gross proceeds of C$7,000,000 by issuing 14,000,000 common shares at C$0.50 per share, indicating strong investor confidence in the company's strategy and vision in the critical metals sector [1][6]. Group 1: Offering Details - The private placement involved the issuance of 14,000,000 common shares at a price of C$0.50 per share, raising gross proceeds of C$7,000,000 [1]. - The company paid cash finder's fees totaling C$253,421.35, which is 3.6% of the gross proceeds, and issued 502,293 common share purchase warrants to finders [2]. - All securities issued are subject to a statutory hold period of four months plus a day, ending on November 25, 2025, with net proceeds allocated for exploration, option payments, mineral property acquisitions, marketing, and general working capital [3]. Group 2: Management Changes - Dennis Logan has been appointed as Chief Financial Officer, bringing over 25 years of experience in financial services and the resource sector [4]. - Ali Haji, the CEO, will also join the Board of Directors, enhancing the company's governance and strategic oversight [5]. Group 3: Strategic Outlook - The financing will accelerate the development plans for the flagship Ima Mine asset in Idaho towards commercial production, reflecting the company's commitment to addressing critical metal scarcity in North America [6][7]. - The Ima Mine Project is a historic underground tungsten property, with the company holding an option for full ownership and expanding its land position with 113 additional federal claims covering nearly 2,000 acres [7].
Allied Critical Metals Announces Frankfurt Stock Exchange Listing
Thenewswire· 2025-05-15 21:50
Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal [3] - Tungsten has been designated a critical metal by the United States and other western countries, with China and Russia representing 90% of the total global supply and reserves [3] Market Context - The tungsten market is estimated to be valued at approximately $5 - $6 billion USD and is utilized in various industries such as defense, automotive, manufacturing, electronics, and energy [3] Recent Developments - Allied's common shares are now trading on the Frankfurt Stock Exchange under the symbol "0VJ0", which is expected to broaden the shareholder base in Europe and increase trading activity [1] - The listing coincides with Allied's presentation of its tungsten projects at the Deutsche Goldmesse investor conference in Frankfurt on May 16 & 17, 2025 [2]