Critical Minerals Exploration
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SAGA Metals Commences Drilling Campaign to Advance Mineral Resource Estimate at Radar Project in Labrador
Globenewswire· 2025-11-11 14:00
Core Insights - SAGA Metals Corp. has initiated Phase 1 diamond drilling at the Trapper Zone of its Radar Titanium-Vanadium-Iron Project, aiming to advance towards a maiden indicated Mineral Resource Estimate [1][4][16] Drilling Program Overview - The Phase 1 program will involve up to 15,000 meters of diamond drilling across approximately 25-30 holes, with an average depth of 250-300 meters, targeting the main oxide layer along a 3.3 km magnetic anomaly [4][10] - The drilling will be conducted by Gladiator Drilling Inc., the same contractor that successfully executed the previous drilling program at the Hawkeye Zone [4][10] - Initial drilling will focus on both North and South sections of the Trapper Zone to assess grade, width, and structural continuity, with results expected to inform a maiden MRE anticipated in H2 2026 [4][10][17] Geological and Mineralization Insights - The Trapper Zone is characterized by vanadiferous titanomagnetite (VTM) mineralization, which is comparable to major global deposits such as Panzhihua in China and Bushveld in South Africa [15] - Geological mapping and geophysical surveys have confirmed oxide layering across more than 20 km of strike length, indicating significant mineralization potential [14][15] Strategic Importance - The project is positioned to become a strategic supplier of critical minerals, including titanium, vanadium, and iron, to North American markets amid rising demand driven by green energy transitions [16][22] - The systematic approach to drilling and resource definition aims to de-risk the project and facilitate potential partnerships in the mining sector [16]
Nine Mile Metals Announces Phase 3 XRF High-Grade Results up to 26.14% Copper with 1.03% Antimony from the Upper Pre Drill Area at the Wedge Copper - Gold Project, BMC, NB
Newsfile· 2025-11-05 13:15
Core Insights - Nine Mile Metals Ltd. announced high-grade results from Phase 3 XRF sampling at the Wedge Copper-Gold Project, with copper grades reaching up to 26.14% and antimony at 1.03% [1][4][11] Summary by Category Project Overview - The Wedge Copper-Gold Project is located in the Bathurst Mining Camp, New Brunswick, Canada, focusing on Volcanogenic Massive Sulphide (VMS) mineralization [1][15] - The recent sampling involved 18 ore samples from the northwestern drill area, with 9 samples showing copper grades of 14.22% or higher [4][11] Sample Results - Sample 280461 recorded the highest copper grade at 26.14% and 1.03% antimony, with visible covellite present [4][7][11] - Other notable samples include 280463 with 18.09% copper and 280462 with 15.57% copper [6][9][11] - The results indicate a robust nature of copper mineralization, with additional samples demonstrating high grades [13] Technical Analysis - The XRF results were analyzed using a portable X-Ray Fluorescence instrument, with samples sent to Actlabs for certified assays [13] - The presence of covellite (CuS) in select samples contributed to the high copper grades observed [11][13] - The exploration strategy includes drilling to test identified copper-rich lenses and unexplored depths below 150 meters [13] Future Plans - The company plans to report on the first drill hole results following the completion of the current exploration program [11][13] - Continued exploration efforts are aimed at further defining the mineralization potential of the Wedge Project and its extensions [15]
Noble Minerals Acquires a Rare Earth Property in Northern Quebec
Thenewswire· 2025-11-05 12:30
Core Insights - Noble Mineral Exploration Inc. has acquired 90 mining claims on a Rare Earth prospect named the Mehmet Property in Northern Quebec, covering approximately 4,465 hectares [1][7] - The Mehmet Property is located about 163 kilometers east of Schefferville and features a circular magnetic structure approximately 10 kilometers across, classified as hyperalkaline rock with associated rare metals [1][5] - The property contains significant mineralization, including high levels of allanite crystals and various other minerals such as apatite, fluorite, and magnetite [1][3] Geological and Mineral Analysis - Rock analyses by the Quebec Government indicate the presence of 2157.1 ppm total rare earth elements, with 114.4 ppm being heavy rare earth elements [3] - Additional mineral concentrations include 2144.6 ppm Zirconium, 392.7 ppm Neodymium, 135.3 ppm Yttrium, 26.1 ppm Thorium, and 71.5 ppm Niobium [3] - The property is situated 65 km southwest of the Crater Lake Property, which has defined rare earth and scandium resources [5][7] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with extensive holdings in mineral and exploration rights across various regions, including approximately 70,000 hectares in Northern Ontario and 14,000 hectares in Quebec [9][10] - The company is focused on exploring critical minerals in Canada, as demonstrated by the acquisition of the Mehmet Property [7]
Nine Mile Metals Announces Drill Rig Mobilization for the Wedge Copper - Gold Drill Program
Newsfile· 2025-11-03 13:15
Core Viewpoint - Nine Mile Metals Ltd. has announced the mobilization of a drill rig for the Wedge Copper-Gold drill program, aiming to expand the mineralized footprint of the deposit and test new geological models at depth [1][2]. Group 1: Drill Program Details - The upcoming drill program will focus on the western extension of the Wedge deposit, with plans to drill up to seven holes, including five in the Upper Zone and two in the Lower Zone [2]. - The objective is to determine the depth of mineralization in a higher-grade Copper Lens and to prove a larger western footprint, thereby adding new tonnage to the deposit model [2][7]. - The drill rig, a YS2000 Skid Mounted Drill Rig, is expected to arrive on-site in Bathurst on November 10, 2025, after servicing and winterization [1]. Group 2: Company Background - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [9]. - The company is concentrating on Critical Minerals Exploration (CME) to align with the growing demand for copper, silver, lead, and zinc in EV and green technologies, while also maintaining a hedge with gold [9]. Group 3: Drilling Partner Information - Orbit Garant Drilling, the company providing the drill rig, is one of Canada's largest drilling companies, offering both underground and surface drilling services [4][6]. - Orbit Garant is ECOLOGO accredited, recognized for its responsible environmental and social best practices in mineral exploration services [4].
Acquisition of Option to Buy Lepidico's Interest in Karibib Lithium, Rubidium and Cesium Project in Namibia - Update
Newsfile· 2025-10-28 11:00
Core Viewpoint - International Lithium Corp. (ILC) has successfully met the conditions for a secured loan to Lepidico, which has been increased to CAD$ 510,000, enabling ILC to hold an option to acquire Lepidico Mauritius and its associated lithium project in Namibia [1][2][3] Financial Summary - The secured loan amount of CAD$ 510,000 includes CAD$ 420,000 that earns interest at a rate of 10% per annum [1] - ILC has the option to purchase 100% of Lepidico Mauritius for CAD$ 975,000, with the net amount payable being the difference between this purchase price and the loan repayment [3] Project Overview - The Karibib project in Namibia, owned by Lepidico Mauritius, contains significant resources of lithium, rubidium, and cesium, with the project having reached the Definitive Feasibility Study stage under JORC standards [12][14] - The project is believed to have one of the largest rubidium resources in Africa and contains cesium equal to about one year of global demand [10][11] Strategic Positioning - If the option is exercised, ILC would significantly advance its project development timeline compared to other interests in Zimbabwe and elsewhere [5][12] - The acquisition would position ILC as a leading player in the rubidium market and strengthen its interests in cesium, particularly as demand for these critical minerals rises [7][12][20] Market Context - The increasing demand for lithium and other battery metals is driven by the growth of electric vehicles and renewable energy technologies, positioning lithium as a critical resource for a sustainable economy [14][20] - ILC aims to capitalize on this demand by developing projects with significant resource potential in both Canada and Southern Africa [20]
Critical One Energy Confirms Target Depth Extension at Howells Lake Antimony-Gold Deposit
Globenewswire· 2025-10-01 20:21
Core Insights - Critical One Energy Inc. has confirmed significant expansion potential of the antimony-gold deposit at its Howells Lake Project through advanced geophysical and geological modelling [1][2] - The Howells Lake Project is strategically located approximately 200 km from the Ring of Fire corridor in Ontario, Canada, and is positioned as a cornerstone asset for antimony and gold exploration [1][2] Exploration and Modelling - A recent Geotech VTEM geophysical survey and detailed geological modelling have identified new characteristics of the antimony-gold mineralization at the East (V-3) Zone [2] - Previous drilling at the V-3 target intersected up to 75% antimony within a core interval of 5.37% antimony over 8.35 meters, indicating strong mineralization potential [5] - The East Antimony-Gold Zone is interpreted to extend to a depth of up to 400 meters or more, with ongoing geological and geophysical data analysis [5] Resource Estimates - The Howells Lake Project hosts a historical resource of 1.7 million tons at a grade of 1.4% antimony, although this resource is not compliant with National Instrument (NI) 43-101 standards [3][6] - Geological mapping and significant drilling will be required to establish a NI 43-101 compliant resource estimate for the known antimony mineralization [6] Company Overview - Critical One Energy Inc. focuses on critical minerals, particularly antimony and gold, and is strategically positioned to meet the rising global demand for these resources [9] - The company also has uranium investment interests in Namibia, Africa, enhancing its portfolio in the critical minerals sector [9]
Gunnison Copper Signs Letter of Intent with Defense and Mineral Exploration Tech Start-Up Lunasonde to Assess Its Revolutionary Technology to Explore for Copper, Other Critical Minerals, and Rare Earth Elements in Arizona's Cochise Mining District
Newsfile· 2025-09-24 03:40
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].
Resolution Minerals Raises $25.1m for Horse Heaven Project Expansion
Small Caps· 2025-09-18 02:27
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]
Locksley expands Mojave minerals footprint in California
Yahoo Finance· 2025-09-12 14:32
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]
Critical One Expands Howells Lake Property by 67% to Cover Numerous Newly Defined, High-Priority Antimony and Gold Targets
Globenewswire· 2025-08-28 18:01
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].