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Surge Battery Metals Announces Non-Brokered LIFE Offering of Units
Newsfile· 2025-09-18 11:30
Core Viewpoint - Surge Battery Metals Inc. is initiating a non-brokered private placement to raise between $4 million and $5 million to support its joint venture with Evolution Mining Limited and advance its Nevada North Lithium Project [1][3]. Group 1: Offering Details - The private placement will consist of units priced at $0.25 each, with a minimum of 16 million units and a maximum of 20 million units available [1]. - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.40 for three years [1]. - The offering is conducted under the listed issuer financing exemption in Canada, excluding Quebec [1]. Group 2: Use of Proceeds - Proceeds from the offering will fulfill near-term funding commitments related to the joint venture with Evolution Mining and will also support exploration and development activities at the Nevada North Lithium Project [3]. - The financing aims to strengthen the company's balance sheet and provide working capital flexibility for ongoing discussions with Evolution and potential new project opportunities [3]. Group 3: Financial Advisor and Finder's Fees - 3L Capital Inc. is acting as the financial advisor for the transaction [1]. - The company may pay finders' fees of up to 7% of gross proceeds and issue finder warrants equivalent to 7% of the units sold, with each warrant exercisable at $0.25 for 36 months [4]. Group 4: Company Background - Surge Battery Metals is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is crucial for electric vehicle production [7]. - The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the US, positioning it as a key player in lithium exploration [7].
Greenland Lithium Pegmatite Field Significantly Expanded by Brunswick Exploration
Globenewswire· 2025-08-12 11:00
Core Insights - Brunswick Exploration Inc. has identified the largest spodumene pegmatite trend in the country, significantly expanding the Ivisaartoq lithium pegmatite field with a strike length of approximately 2 kilometers [1][2]. Group 1: Discovery and Exploration - The discovery includes a minimum of eight pegmatite outcrops within a corridor measuring approximately 2,000 meters long by 300 meters wide, which remains open in all directions [3]. - The larger geochemically anomalous envelope measures roughly 3 kilometers by 1.5 kilometers and contains numerous additional highly fractionated pegmatites, indicating potential for more spodumene pegmatites at surface and depth [3]. - The surface expression of the spodumene outcrops ranges from approximately 5 to 400 meters in length and 2 to 40 meters in width, with lithium mineralization predominantly consisting of spodumene [4]. Group 2: Technical Validation and Future Plans - Spodumene mineralization at the new outcrops has been confirmed by pXRF and LIBS units, with samples being sent for analysis to ALS in Dublin, Ireland [5]. - The company is planning an inaugural drill campaign for Ivisaartoq to test the newly discovered outcrops, aiming to better establish the size, orientation, and overall grade of the pegmatite outcrops as the campaign progresses [4][5]. Group 3: Company Background - Brunswick Exploration is a Montreal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal for global decarbonization and energy transition [10]. - The company is rapidly advancing its extensive grassroots lithium property portfolio in Canada and Greenland [10].
Fury Intercepts 32.35m of 1.16% Li2O at the Ninaaskumuwin Discovery
Globenewswire· 2025-07-09 11:00
Core Viewpoint - Fury Gold Mines Limited announced positive drill results from its maiden drill program at the Ninaaskumuwin lithium discovery, indicating significant lithium mineralization and potential for further exploration [1][2]. Group 1: Drill Results - The maiden drill program totaled 825 meters in 5 holes, targeting a spodumene-bearing pegmatite outcrop with surface samples showing up to 3.92% Li2O [1]. - Highlights include 32.35 meters of 1.16% Li2O from hole EE24-003 and 22.48 meters of 1.19% Li2O from hole EE24-002 [1][3]. - The lithium mineralized spodumene-bearing pegmatite remains open at depth and along strike, suggesting the need for additional drilling [1][4]. Group 2: Project Location and Infrastructure - The Ninaaskumuwin lithium discovery is located on Fury's 100% owned Elmer East project, covering approximately 45,735 hectares [2]. - The project is easily accessible from the paved Billy Diamond highway, about 60 kilometers north of a rest stop with necessary amenities [2]. - It is situated approximately 50 kilometers north of Rio Tinto's Galaxy Lithium project, which is currently under construction [2]. Group 3: Geological Characteristics - Thick spodumene-bearing pegmatite was intersected in three holes, confirming vertical continuity of lithium mineralization to 150 meters below the surface [4]. - The pegmatite is composed of quartz, plagioclase, potassic feldspar, and spodumene, with spodumene observed as large elongated crystals [6]. - Geophysical and geological mapping indicates a potential strike length of up to 3.8 kilometers for the spodumene-bearing pegmatite [5]. Group 4: Management Commentary - The CEO of Fury expressed satisfaction with the drill results, highlighting the value created through the acquisition of Quebec Precious Metals and the potential for further exploration in the James Bay region [2]. - The Senior Vice President of Exploration noted the encouraging initial results and the strategic location of the discovery near established infrastructure [10].
Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage
GlobeNewswire News Room· 2025-06-10 11:00
Core Insights - Brunswick Exploration Inc. has reported significant drill results from the Winter 2025 program at its Mirage Project, indicating continued potential for lithium mineralization in Quebec [1][2][3] - The company anticipates a forthcoming resource estimate in late 2025, which is expected to position the Mirage Project as a key lithium asset in Quebec [2] Drilling Results - The drilling campaign has successfully extended the mineralized "Stacked Dyke" area by 150 meters to the northeast, with multiple drill holes intersecting well-mineralized spodumene-bearing pegmatites [4][8] - Notable results include drill hole MR-25-115, which discovered a new dyke grading 1.19% Li₂O over 29.25 meters, remaining open in all directions [7][8] - Drill hole MR-25-106 also contributed to the extension of the "Stacked Dyke" zone, with significant mineralization observed [8] Geological Context - The Mirage Project consists of 427 claims located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Highway [3] - The geological setting of the project shows potential for additional lithium mineralization, with drill hole MR-25-104 returning anomalous lithium values in sedimentary units and basalts [9] Future Plans - The company is preparing for its Greenlandic summer program and plans to commence drilling at the Anatacau project in late Q3 2025 [3]
AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON
GlobeNewswire News Room· 2025-05-15 07:01
Core Viewpoint - American Salars Lithium Inc. has appointed Dr. Mark King, a leading expert in lithium brine, as a Technical Advisor and Qualified Person, enhancing the company's technical capabilities in lithium exploration [1][4]. Company Overview - American Salars Lithium Inc. is focused on exploring and developing high-value battery metals projects to cater to the growing electric vehicle market [4]. Expertise of Dr. Mark King - Dr. King has over 30 years of international experience in groundwater modeling and geochemistry, with a specialization in lithium brine projects for the past 15 years [2]. - His extensive background in chemistry and numerical modeling has made him a leading figure in brine exploration and resource estimation [2]. - Dr. King has been involved in resource and reserve estimation for multiple significant brine projects and has conducted due diligence on over 20 advanced brine projects and 100+ early-stage projects in South America and the southern US [3]. Technical Team Contributions - Dr. King's team at GWI possesses advanced expertise in geological modeling, GIS, data management, and 3D visualization, which will support American Salars in exploration and resource consulting [3]. Leadership Statement - R. Nick Horsley, CEO of American Salars, expressed enthusiasm about Dr. King's addition to the team, highlighting his global recognition and experience in lithium brine projects across North and South America [4].
AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON
Globenewswire· 2025-05-15 07:01
Core Insights - American Salars Lithium Inc. has appointed Dr. Mark King, a renowned lithium brine expert, as a Technical Advisor and Qualified Person [1] - Dr. King brings over 30 years of international experience in groundwater modeling and geochemistry, with a focus on lithium brine projects for the past 15 years [2] - The company aims to enhance its technical team to explore significant lithium salar projects, leveraging Dr. King's extensive expertise [4] Company Overview - American Salars Lithium Inc. is an exploration company dedicated to developing high-value battery metals projects to meet the growing demands of the electric vehicle market [4] Expertise and Contributions - Dr. King has conducted detailed due diligence on over 20 advanced brine projects and has ranked more than 100 greenfield to early-stage projects in South America and the southern US [3] - His technical team at GWI specializes in geological modeling, GIS, data management, and 3D visualization, providing consulting services to American Salars [3]
Brunswick Exploration Drills 36 Meters at 1.51% and Continues to Extend the Mineralized Footprint of Mirage
Globenewswire· 2025-04-24 11:00
Core Viewpoint - Brunswick Exploration Inc. has reported promising initial results from its 2025 winter drilling campaign at the Mirage Project, indicating significant exploration potential and successful extensions of known mineralized zones [1][3][4]. Company Overview - Brunswick Exploration is a Montreal-based mineral exploration company focused on grassroots exploration for lithium in Canada, aiming to advance a comprehensive lithium property portfolio [15]. Drilling Campaign Highlights - The 2025 winter drilling campaign involved 24 drill holes targeting the Stacked Dyke area, with significant mineralized intervals reported [5][6]. - Notable results include a significant interval of 36 meters at 1.51% Li2O in hole MR-24-102 and 28 meters at 1.32% Li2O in hole MR-25-101, indicating successful extensions of the MR-6 pegmatite and the Stacked Dyke area [5][9]. - The MR-3 dyke was extended by 150 meters to the south, with notable grades of 0.79% Li2O over 12.2 meters and 1.26% Li2O over 7 meters [7]. Mineralization and Geological Insights - The MR-6, MR-3, and Stacked Dyke systems are now connected, forming a major swarm of spodumene-bearing pegmatites covering over 1,000 meters by up to 450 meters [5][6]. - The Stacked Dyke area remains open in multiple directions, suggesting further exploration potential [3][4]. Future Prospects - Brunswick Exploration anticipates a milestone-rich year with more drill results expected from the Mirage Project and a restart of prospecting activities in Greenland [4].