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Silicon Metals Corp. Announces Various Corporate and Operational Updates
Newsfile· 2025-08-21 11:00
Core Viewpoint - Silicon Metals Corp. has made significant progress in its corporate and operational activities, including securing permits for its Maple Birch and Ptarmigan Silica Projects, which are expected to enhance the company's production capabilities and exploration potential in the coming years [1][9]. Group 1: Maple Birch Project - The Maple Birch Project has been permitted for production of up to 3,000 tonnes per year, with a final cash payment of $25,000 made to Geotek Exploration, totaling $50,000 cash and 500,000 common shares [2][5]. - A reconnaissance program has been completed in preparation for a Q4 2025 work program, which includes extraction, hauling, processing, and delivery of high-purity pegmatite quartz [4][5]. - The company is optimistic about generating non-dilutive capital as early as 2026 from the extraction of the first 3,000 tonnes [5]. Group 2: Ptarmigan Silica Project - Silicon Metals has received a five-year Mines Act Permit and Free Use Permit for the Ptarmigan Silica Project, allowing a range of exploration activities including surface drilling and bulk sampling of up to 2,000 tonnes [6][7]. - The permits are effective from July 31, 2025, to December 30, 2030, marking a major milestone for the company [7]. - Previous work at the Ptarmigan site has shown promising results, with numerous samples returning 99.9% purity [8]. Group 3: Financial and Corporate Developments - The company plans to issue 923,075 common shares to settle a debt of $60,000 to consultants and directors at a deemed price of $0.065 [11]. - The debt settlement with directors is classified as a related party transaction, exempt from certain valuation and minority shareholder approval requirements [12]. - The company is focused on exploration and development in Canada, particularly in British Columbia and Ontario, with multiple projects aimed at high-purity silica production [15].
Guardian Stakes Mineral Claims in Kivalliq Region, Nunavut
Thenewswire· 2025-08-20 21:10
Group 1 - Guardian Exploration Inc. has acquired nine claim blocks in the Kivalliq Region, Nunavut, covering 844 claim units and a total area of 16,282.05 hectares, with 100% ownership of these royalty-free claims [1][4] - The acquired land package is part of the "Esker Gold project," which extends from the "Esker" gold mineral occurrence to the "River" gold mineral occurrence [2] - The President and CEO of Guardian expressed excitement about the acquisition, highlighting the significant project area covered by the claims [3] Group 2 - Guardian Exploration Inc. is listed on TSXV and is involved in oil and gas as well as mineral exploration and development, with other prospects including the Mount Cameron Property and the Sundog and Esker gold projects [4]
Galleon Gold Welcomes Strategic Investment by Pan American Silver and Signs an MOU for Toll Processing at the Bell Creek Mill
Newsfile· 2025-08-13 21:00
Core Viewpoint - Galleon Gold Corp. has secured a strategic investment from Pan American Silver Corp. through a non-brokered private placement, raising C$8,000,000, and has signed a memorandum of understanding for toll processing at the Bell Creek Mill for its West Cache Gold Project [1][2]. Investment Details - The investment involves an unsecured convertible debt financing (Debenture) with a term of 36 months, bearing an interest rate of 10.0% per annum, convertible into common shares at a price of $0.45 per share [2][3]. - Upon conversion, Pan American would hold 19.59% of the common shares on a partially diluted basis and 11.30% on a fully diluted basis, with rights to maintain up to a 19.9% ownership in future financings [2][3]. Use of Proceeds - Proceeds from the Debenture will be allocated for surface development at the planned bulk sample at West Cache, with a hold period of four months and one day for the shares [4]. Toll Processing Agreement - An MOU has been established with Lake Shore Gold for toll processing of mineralized materials from an 86,500-tonne bulk sample at West Cache, with material to be transported to the Bell Creek Mill [6][8]. - The arrangement is expected to be formalized into a definitive agreement soon, with Galleon Gold responsible for delivery and final product arrangements [6][8]. Project Overview - The West Cache Gold Project is an advanced-stage exploration project covering approximately 11,580 hectares, located 13 km west of Timmins, Ontario, and is part of the Western Porcupine Gold Camp [19][21]. - The project aims to extract an 86,500-tonne bulk sample to provide data for pre-feasibility studies and to mitigate risks associated with future mine development [11][12]. Technical Aspects - The underground test mining program will collect data for refining mining methods and assessing mill processing and recovery ratios, with gold recoveries expected to reach up to 98% [14][21]. - The project is strategically located near existing mining operations, enhancing logistical efficiency for ore transportation [13][19].
Trident Resources Announces the Acquisition of Claims from Eagle Plains Resources Within the La Ronge Gold Belt in Saskatchewan, Canada
Globenewswire· 2025-08-12 11:00
Core Viewpoint - Trident Resources Corp. has acquired a 100% interest in 16,245 hectares of land in the La Ronge Gold Belt, enhancing its portfolio of high-grade gold assets [1][4]. Acquisition Highlights - The acquisition includes four individual blocks of land that are road-accessible and located near a high-voltage power transmission line, approximately 30 km NE of La Ronge, Saskatchewan [1]. - The purchase price consists of a cash consideration of $14,370 and a 2% NSR royalty on all 24 claims, with a buy-back option of $1 million for 1% [6]. Financial Position - The company is well-funded with over $11.0 million in cash and marketable securities, positioning it to maximize the value of its existing projects and fund upcoming exploration activities [4][9]. Geological Summary - The newly acquired claims are underlain by the La Ronge Domain Central Metavolcanic Belt, which contains numerous documented gold showings, with values ranging from trace mineralization to 45.5 g/t Au [5][9]. Strategic Focus - Trident plans to focus on exploration work, including drilling at Contact Lake to confirm high-grade potential resources and test extensions of the trend both along strike and at depth [4][9]. Related Party Transaction - The agreement is classified as a "related party transaction" due to the involvement of a director of Trident who is also a director and officer of Eagle Plains [7][10]. Regulatory Compliance - The company relied on exemptions from formal valuation and minority approval requirements under MI 61-101, as the transaction's fair market value is not more than 25% of the company's market capitalization [8]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan, including the Contact Lake and Greywacke Lake projects [12].
U.S. GoldMining Advances Planning With State of Alaska Officials for Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-08-11 11:00
Core Viewpoint - U.S. GoldMining Inc. is advancing the West Susitna Access Project (WSAP) with strong government support, which will enhance connectivity for the Whistler Gold-Copper Project to existing infrastructure in Southcentral Alaska [1][3][5]. Group 1: Project Overview - The WSAP consists of two main components: a 22-mile public road project by ADOT&PF and a 78.5-mile road led by AIDEA, connecting to the Company's exploration camp [4][6]. - The WSAP aims to link the Whistler Project with existing highway, rail, power, and port infrastructure, facilitating access to the largest population center in Alaska [2][4]. Group 2: Government Support and Collaboration - Alaska Governor Mike Dunleavy and Matanuska-Susitna Borough Mayor Edna DeVries have expressed strong support for the WSAP, highlighting its potential to boost the local economy and provide better access for residents [7]. - The Company is committed to collaborating with government agencies and stakeholders to expedite the design, permitting, and construction processes for the WSAP [3][5]. Group 3: Economic Impact - The WSAP is expected to create opportunities for mining, processing, and manufacturing, contributing to economic growth and job creation in the region [7]. - The project is viewed as a strategic investment in the future of the Matanuska-Susitna Borough, promising lasting benefits for local families and businesses [7].
Silicon Metals Corp. Announces 100% Acquisition of Five (5) Mining Claims
Newsfile· 2025-07-31 23:00
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that, further to the Company's news release dated July 15, 2025, it has issued 100,000 common shares (each, a "Share") to a third party arm's length vendor (the "Optionor"), at a deemed price of $0.055 per Share, pursuant to the Company's recently announced option to purchase an undivided 100% right, title and interest in five (5) mining claims ...
Trident Resources Signs Option Agreement to Option Adjoining Property on Major Gold Trend in Saskatchewan Canada
Globenewswire· 2025-07-29 11:00
Vancouver, BC, July 29, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) ("Trident" or the "Company" or the "Optionee") is pleased to announce that it has signed an option agreement (the "Agreement") with an individual land owner ("Optionor") pursuant to which the Company has optioned a property (the "Project") that borders one of Trident's core high-grade gold assets. The Company can earn a 100% interest in the Project which is made up of 6,902 hectares of claims with prospecti ...
Trident Resources Signs Option Agreement to Option Adjoining Property on Major Gold Trend in Saskatchewan Canada
GlobeNewswire News Room· 2025-07-29 11:00
Vancouver, BC, July 29, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) ("Trident" or the "Company" or the "Optionee") is pleased to announce that it has signed an option agreement (the "Agreement") with an individual land owner ("Optionor") pursuant to which the Company has optioned a property (the "Project") that borders one of Trident's core high-grade gold assets. The Company can earn a 100% interest in the Project which is made up of 6,902 hectares of claims with prospecti ...
U.S. GoldMining Applauds State of Alaska's Plans to Advance Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-07-28 10:00
Core Viewpoint - U.S. GoldMining Inc. commends the State of Alaska's submission of a permit application for the West Susitna Access Project, which will enhance infrastructure connectivity for the Whistler Gold-Copper Project and support economic growth in the region [1][3]. Infrastructure Development - The West Susitna Access Project (WSAP) is a proposed 78.5-mile access road that will connect the Whistler Project to existing transportation infrastructure in the greater Anchorage area [2][5]. - The WSAP will provide year-round public access to remote State and private lands, facilitating resource development opportunities, including the Whistler Project [2][5]. Economic Impact - Alaska Governor Mike Dunleavy highlighted the project's potential to improve access for local residents and create job opportunities in mining, processing, and manufacturing [3]. - The project aligns with the State's policy to invest in critical infrastructure to stimulate economic growth, which was a factor in U.S. GoldMining's decision to launch its initial public offering in 2023 [3]. Resource Development - The Whistler Project consists of several gold-copper porphyry deposits, with a mineral resource estimate of 294 million tons at 0.68 g/t AuEq for 6.48 million ounces AuEq indicated, and 198 million tons at 0.65 g/t AuEq for 4.16 million ounces AuEq inferred [8]. - The project is positioned to contribute to the U.S. clean energy transition, with copper being recognized as a critical mineral [3]. Strategic Positioning - U.S. GoldMining is well-positioned to benefit from strong federal and state government support, as well as high prices for copper, gold, and silver [3]. - The company is committed to advancing its proposed initial economic assessment and upcoming exploration program, while collaborating with government and stakeholders to support the WSAP [3].
CopperCorp Closes Final Tranche of Private Placement Raising $2.5M with Lead Order from Crescat Capital
Newsfile· 2025-07-24 20:27
Core Viewpoint - CopperCorp Resources Inc. has successfully closed the second and final tranche of its private placement, raising a total of $2,500,319 to support its exploration activities in Tasmania, particularly at the Razorback project [1][5]. Group 1: Private Placement Details - The second tranche involved the issuance of 10,882,354 Units, with Crescat Portfolio Management LLC being a significant investor, now holding 9.3% of CopperCorp's issued shares on an undiluted basis [2][4]. - Each Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.13 for two years [4]. Group 2: Use of Proceeds - The funds raised will be allocated for exploration drilling and development of the Hydes and Jukes properties in western Tasmania, as well as for general working capital [5]. Group 3: Strategic Insights - Crescat's CEO expressed confidence in CopperCorp's potential to discover a copper-gold deposit in Tasmania, highlighting the company's strategic land holdings around the Mt Lyell deposit [3]. - The company is set to commence drilling at high-priority targets, including Hydes, which has not been drilled before, indicating a proactive approach to exploration [3][5]. Group 4: Insider Participation - Insiders participated in the Offering, acquiring a total of 352,941 Units, which is classified as a related party transaction under TSX Venture Exchange policies [8].