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Adamera to Raise Over $700,000 for Exploration including Drilling on Gold Project in Washington State
Thenewswire· 2025-10-09 11:30
Core Viewpoint - Adamera Minerals Corp. is initiating a non-brokered private placement financing to raise up to $724,000 for exploration drilling on its gold and silver properties in Washington State and British Columbia [1][2]. Financing Details - The financing will consist of two components: 1. Up to 5,600,000 Units at $0.09 per Unit, generating gross proceeds of $504,000, with each unit comprising one common share and one common share purchase warrant exercisable at $0.15 for two years [5]. 2. Up to 2,000,000 flow-through units at $0.11 per unit, raising $220,000, with each unit consisting of one common share and one-half warrant, also exercisable at $0.15 for two years [5]. Use of Proceeds - Proceeds from the unit financing will be allocated to working capital and exploration drilling on the Company's gold projects in Washington State [5]. - Flow-through funds will be directed towards qualifying Canadian exploration expenditures on newly identified gold, copper, and zinc prospects in the South Hedley Project, which may qualify for a 30% Critical Mineral Exploration Tax Credit [5]. Company Overview - Adamera Minerals Corp. focuses on exploring high-grade gold deposits in Washington State and British Columbia, holding multiple drill-ready targets in areas with historical mining activity [4].
Fidelity Minerals Announces Closing of First Tranche of Non-Brokered Private Placement Financing
Thenewswire· 2025-10-07 22:20
Core Points - Fidelity Minerals Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of CAD $1,350,000 by issuing 13,500,000 units at CAD $0.10 per unit [1][2] - Each unit consists of one common share and one-half transferable common share purchase warrant, with full warrants exercisable at $0.20 per share until October 7, 2027 [1][2] - A strategic investor has purchased 3,500,000 units in the first tranche and is expected to acquire the remaining 1,500,000 units in the second tranche pending TSX-V approval [2] Financial Details - The company paid cash finder's fees of $33,775 and issued 337,750 finder's warrants, each exercisable at $0.20 until October 7, 2027 [2] - Of the total units issued, 3,325,000 units were subscribed by Lions Bay Capital Inc., a control person of the company, which constitutes a related party transaction [4] Use of Proceeds - The net proceeds from the financing will be used to advance exploration and community relation programs in Peru, as well as for corporate working capital purposes [5] Regulatory Information - The securities issued are subject to a four-month hold period expiring on February 8, 2026 [3] - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with registration requirements [6] Company Overview - Fidelity Minerals Corp. focuses on high-quality mining assets, particularly in copper and gold, with a goal to delineate major deposits that could attract mid-tier and major mining companies [8] - The company is advancing its most significant project, Las Huaquillas, located in Northern Peru, and is looking to expand its project portfolio through strategic acquisitions [8]
Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option
Globenewswire· 2025-10-03 13:39
Core Viewpoint - Q-Gold Resources Ltd. has successfully closed a private placement offering of subscription receipts, raising a total of $11,500,000 through the issuance of 76,666,667 subscription receipts at a price of $0.15 each, including the full exercise of the over-allotment option by the agent [1][2]. Group 1: Offering Details - The subscription receipts were issued under a subscription receipt agreement and the gross proceeds, after deducting the agent's fees, have been placed in escrow pending the satisfaction of certain conditions [2][9]. - Each subscription receipt will automatically convert into one unit upon meeting the escrow release conditions by November 14, 2025 [3]. - Each unit consists of one common share and half a warrant, with the warrant allowing the purchase of one common share at $0.20 until October 3, 2027 [4]. Group 2: Financial Aspects - The agent is entitled to a cash commission of 6% of the gross proceeds, amounting to $690,000, with half paid immediately and the remainder contingent on the completion of the acquisition [7]. - The net proceeds from the offering will be used for financing the acquisition of the Quartz Mountain Project, exploration programs, and general corporate purposes [9]. Group 3: Acquisition and Conditions - The acquisition of the Quartz Mountain Project from Alamos Gold Inc. is expected to close by the escrow release deadline, subject to customary closing conditions [10][11]. - Insider participation in the offering includes a subscription of 2,000,000 subscription receipts by a director of the company, which is considered a related party transaction [12].
Thunder Mountain Gold Clarifies Private Placement Financing
Newsfile· 2025-10-03 04:40
Core Viewpoint - Thunder Mountain Gold, Inc. is conducting a private placement to raise up to US$2,500,000 (CAD$3,500,000) through the issuance of 10,000,000 units at a price of US$0.25 (CAD$0.35) per unit, correcting an earlier misstatement regarding the number of units offered [1][3]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one-half common share purchase warrant, with each whole warrant allowing the purchase of an additional share at US$0.40 (CAD$0.55) for 24 months [2]. - The proceeds from the private placement will be allocated for exploration and general working capital [3]. - The private placement is subject to regulatory approval and may be completed in one or more tranches [2][3]. Group 2: Regulatory and Legal Considerations - The private placement will be conducted exclusively for accredited investors and will not be registered under the U.S. Securities Act, thus restricting its sale within the United States [4]. - Securities issued in the private placement will be classified as "restricted securities" and will be subject to a four-month hold period [4]. Group 3: Company Overview - Thunder Mountain Gold, Inc. is a junior exploration company with interests in base and precious metals projects in the western U.S., primarily focusing on The South Mountain Mine and the Trout Creek Project [6]. - The South Mountain Mine is a polymetallic project with high-grade deposits of zinc, silver, gold, and copper, located approximately 70 miles southwest of Boise, Idaho [7]. - The company has invested approximately US$25 million into the South Mountain Project since acquiring it in 2007, with historical mining yielding significant mineralized material [7][8].
Mirasol Resources Announces Private Placement Financing
Globenewswire· 2025-10-02 21:48
Core Points - Mirasol Resources Ltd. is arranging a non-brokered private placement financing of up to 6,666,667 Units at a price of $0.45 per Unit, aiming for aggregate gross proceeds of $3.0 million [1] - Each Unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole Warrant allowing the purchase of an additional common share at $0.60 for twelve months [1] - The net proceeds will be utilized to expand exploration programs and for general corporate purposes, with potential finders' fees applicable [2] Company Overview - Mirasol Resources Ltd. has over 20 years of experience in operating, permitting, and community relations in mineral-rich regions of Chile and Argentina [3] - The company is currently self-funding exploration at the Sobek Copper-Gold project in the Vicuña Copper-Gold-Silver District of northeast Chile and is advancing a strong pipeline of early and mid-stage projects [3]
K9 Gold Corp. Announces Financing, Marketing Agreement and Progress on Trinity Silver Project
Newsfile· 2025-10-02 12:00
Core Points - K9 Gold Corp. announced a non-brokered private placement financing of up to 10,000,000 units at a price of $0.25 per unit, aiming for total gross proceeds of up to $2,500,000 [1] - The net proceeds will be allocated to advance exploration at the Trinity Silver Project in Nevada and the Stony Lake Gold Project in Newfoundland, along with general working capital [2] - A deposit payment of $50,000 has been made towards the Trinity Silver Project, indicating the company's commitment to this exploration asset [3] - The Trinity Agreement with Newmont USA Limited has been deemed a "Fundamental Acquisition" by the TSX Venture Exchange, necessitating an independent technical report to secure approval [4] - K9 Gold Corp. has entered into a marketing and investor awareness agreement with Capitaliz for a fee of $100,000, aimed at enhancing corporate marketing strategies and public relations efforts [5] - Both the Private Placement and the Capitaliz Agreement are subject to acceptance by the TSX Venture Exchange, with securities issued being subject to applicable hold periods [6] Company Overview - K9 Gold Corp. is focused on the acquisition, exploration, and development of precious metal projects, including the Trinity Silver Project in Nevada and the Stony Lake Gold Project in Newfoundland [7][8]
Benton Closes $1.836 Million in First Tranche of Private Placement Financing
Newsfile· 2025-09-29 21:00
Core Points - Benton Resources Inc. has successfully closed the first tranche of its private placement financing, raising $1.836 million from the issuance of 33,372,910 units at a price of $0.055 each [1][2] - The total financing amount is $2.4 million, which is subject to final approval from the TSX Venture Exchange [1][3] - The proceeds from the financing will be utilized to advance projects in Newfoundland and for general working capital [2] Company Overview - Benton Resources is a mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [5] - The company focuses on its high-grade Copper-Gold Great Burnt Project in Newfoundland, which has a mineral resource estimate of 667,000 tonnes at 3.21% Cu indicated and 482,000 tonnes at 2.35% Cu inferred [6] - The Great Burnt Project has shown promising drilling results, including 25.42 meters of 5.51% Cu and significant gold mineralization at the South Pond Gold Zone [6]
Datametrex Announces Upsize of Non-Brokered Private Placements
Accessnewswire· 2025-09-29 11:30
Core Viewpoint - Datametrex AI Limited is seeking approval from the TSX Venture Exchange to increase the amounts of its previously announced non-brokered private placement financings [1] Group 1: Financing Details - The company plans to increase the private placement of common shares from $3,000,000 to $4,000,000 [1] - The financing of subscription receipts will be increased from $1,000,000 to $1,300,000 [1] - The total amount of the offerings will be adjusted accordingly with these increases [1]
Lithium Ionic Closes First Tranche of Oversubscribed $15M Non-brokered Private Placement
Globenewswire· 2025-09-29 11:00
Core Viewpoint - Lithium Ionic Corp. has successfully closed the first tranche of a non-brokered private placement financing, raising gross proceeds of approximately $12.85 million, and has upsized the offering to a total of up to $18.26 million [1][3]. Financing Details - The first tranche consisted of 18,350,141 units priced at $0.70 per unit, with the upsized offering now comprising up to 26,080,141 units at the same price [1][3]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2]. Strategic Backing and Use of Proceeds - The upsized offering is supported by industry leader Martin Rowley and RTEK International DMCC, a team of experienced lithium veterans [3]. - The net proceeds from the offering will be utilized for the development of the company's Brazilian properties and for general corporate purposes [3]. Regulatory and Insider Participation - The securities issued are subject to a four-month hold period and require necessary approvals, including from the TSX Venture Exchange [4]. - Certain insiders are expected to acquire 912,179 units in the offering, which will be classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [5]. Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly the Itinga and Salinas projects, which cover 14,668 hectares in a promising mining region [7].
Majestic's HKEX-Listed Subsidiary Persistence Announces HK$472 Million Financing
Thenewswire· 2025-09-26 00:00
 Vancouver, British Columbia – September 25, 2025 – TheNewswire - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) ) is pleased to announce that its 70.5% owned subsidiary, Persistence Resources Group Ltd. (“Persistence”) (Stock Code: 2489), has entered into a private placement financing on the Hong Kong Stock Exchange (“HKEX”) for gross proceeds of up to HK$472 million (approximately CAD$84.5 million) (“Placement”).  Under the terms of the Placement, Persistence will issue up to ...