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Grande Portage Announces Non-Brokered Private Placement - Pursuant to the Listed Issuer Financing Exemption
Accessnewswire· 2025-11-04 23:55
Core Viewpoint - Grande Portage Resources Ltd. is conducting a non-brokered private placement to raise up to C$1,000,000 through the issuance of up to 4,347,826 units at a price of C$0.23 per unit, aimed at funding the exploration and development of its New Amalga Mine project in Alaska [1][5]. Financing Details - The offering consists of units, each comprising one common share and one warrant, with the warrant allowing the purchase of an additional common share at C$0.35 for 24 months [2]. - The offering is exempt from statutory hold periods in Canada, subject to limitations under the LIFE Exemption [2]. - Insiders and existing shareholders may participate in the offering [3]. Finder's Fees and Warrants - The company may pay finders' fees and issue finders' warrants to eligible persons, allowing the purchase of common shares at C$0.23 for 24 months, subject to a statutory hold period [4]. Use of Proceeds - Net proceeds from the offering will be allocated to the exploration and development of the New Amalga Mine project and for general working capital [5]. Closing Timeline - The offering may close in multiple tranches, with the first tranche expected on November 18, 2025, and the final closing by December 19, 2025, pending necessary approvals [6]. Company Overview - Grande Portage Resources Ltd. focuses on advancing the New Amalga Mine project, located approximately 25 km north of Juneau, Alaska, holding a 100% interest in the property [8]. - The New Amalga gold system is part of the Juneau Gold Belt, which has historically produced over eight million ounces of gold [8]. Mineral Resource Estimate - The updated NI 43-101 Mineral Resource Estimate indicates an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au [9].
QGold Strengthens its Board of Directors with the Appointment of Scott R.G. Parsons
Globenewswire· 2025-11-04 12:30
Core Insights - Q-Gold Resources Ltd. has appointed Scott R.G. Parsons to its Board of Directors, effective immediately, enhancing the board's expertise in mineral exploration and resource development [1][2] - Scott Parsons brings over 20 years of experience in the mining industry, currently serving as Vice President of Exploration at Alamos Gold Inc., and has a strong track record in overseeing successful exploration projects [2][3] - The appointment follows the resignation of Gregory Biniowsky, with the company expressing gratitude for his contributions [4] Company Overview - Q-Gold Resources Ltd. is a publicly traded mineral exploration and development company focused on advancing gold and silver projects in North America [5] - The company is committed to progressing its flagship Quartz Mountain Gold Project in Oregon and the Mine Centre Gold Project in Ontario towards production [6]
Binding Heads of Term Reached With US Group to Joint Venture Disko-Nuussuaq Project, Greenland
Prnewswire· 2025-11-03 18:24
Core Viewpoint - 80 Mile PLC has entered into a Binding Head of Terms with USFM Corporation for a US$30 million investment to acquire a 51% interest in the Disko-Nuussuaq project in Greenland, positioning the company to advance its exploration and development efforts in a region rich in critical minerals [1][2][4]. Financial Terms - The US Partner will invest US$30 million in three increments of US$10 million over three years to earn a 51% interest in the Disko project [7]. - 80 Mile will receive a management fee of 12.5% on all expenditures incurred at Disko and a cash payment of £500,000 upon signing definitive agreements [1][7]. Project Details - Disko is identified as a highly prospective area for copper, nickel, cobalt, and platinum group elements (PGE), with significant mineralization potential similar to the Norilsk-Talnakh mine in Russia [6][9]. - The project area covers 3,015 square kilometers and is located approximately 120 kilometers from Ilulissat, which has essential infrastructure to support operations [12]. Geological Significance - Seven significant Magmatic Massive Sulphide (MMS) targets have been identified, with the largest measuring 5.9 km by 1.1 km [9]. - A 28-ton boulder of pure massive sulphides has been discovered, assaying 6.9% nickel, 3.7% copper, 0.6% cobalt, and 2 grams per tonne of platinum group metals [9][10]. Strategic Importance - The partnership with USFM Corporation is seen as a major milestone for both Disko and 80 Mile, aimed at accelerating drilling and resource definition while maintaining operational leadership [5][6]. - The project is positioned within a global context of increasing demand for critical resources, particularly from the U.S. administration's interest in Greenland's minerals [4][5].
Sixty North Gold Increases Size of Non-Brokered Unit Offering
Newsfile· 2025-10-31 21:00
Core Viewpoint - Sixty North Gold Mining Ltd. is increasing its non-brokered unit financing to up to $1,650,000, offering 15,000,000 units at $0.11 per unit to fund exploration and development of the Mon Gold Property and general working capital [1][2]. Company Overview - Sixty North Gold is focused on developing gold mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering approximately 15,000 ounces of gold in the 1990s [3]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tonnes per day gravity-flotation mill [3]. Exploration Potential - The Mon Gold Property has additional targets for gold, silver, and base metals that will be explored and developed as necessary [4]. - The Yellowknife gold camp, where the Mon Gold Project is located, has a history of high-grade gold production, with two mines averaging 30 grams per tonne (gpt) and two others averaging 15 gpt, contributing to over 14 million ounces of gold produced [4].
GoldHaven Resources Acquires Claims Within Magno Project
Globenewswire· 2025-10-31 13:00
Core Viewpoint - GoldHaven Resources Corp. has announced the acquisition of the Hamel claims, enhancing its strategic land position within the Magno Project area in British Columbia, which is considered highly prospective for mineral exploration [1][6]. Group 1: Acquisition Details - The agreement for the acquisition was signed on October 23, 2025, with Robert Joseph Hamel, granting GoldHaven a 100% interest in the Hamel claims located in the Cassiar Mining District, British Columbia [3]. - The total consideration for the acquisition includes a cash payment of $10,000 CAD and the issuance of 300,000 common shares, which will be subject to a standard four-month hold period [4]. Group 2: Magno Project Overview - The Magno Project encompasses multiple mineralization styles linked by common fluid pathways and heat sources, indicating a series of related mineralizing events [2]. - Recent fieldwork has identified the Cassiar Stock as a significant control on mineralization, leading to an expansion of the project area to 36,002.99 hectares [2]. - Early exploration has revealed mineralized skarns and potential for indium and gallium within the Rosella Formation, historically known for silver, lead, and zinc [2]. Group 3: Company Profile - GoldHaven Resources Corp. is a Canadian junior exploration company focused on acquiring and exploring land packages in North and South America, with projects including the flagship Magno Project and others in Brazil [7].
Grafton Resources Enters into Framework Agreement to Acquire Exclusive Option to Acquire 100% of the Alicahue Copper Project in Chile
Thenewswire· 2025-10-28 13:15
Core Viewpoint - Grafton Resources has entered into a framework agreement to acquire an option for a 100% interest in the Alicahue Copper Project in Chile, which is considered a significant copper discovery opportunity in a world-class mining jurisdiction [1][2] Project Overview - The Alicahue Copper Project spans 3,500 hectares at an altitude of approximately 1,700 meters, located 140 km north of Santiago and near major mining operations [2] - The project area has not undergone systematic copper exploration until recent years, with historical stream sediment anomalies indicating potential [2][3] - Initial exploration has revealed copper values up to 407 ppm and gold values up to 130 ppb in stream sediments [2] Geological Potential - Geological mapping has identified potential for bulk disseminated copper mineralization and high-grade Cu-Au-Ag IOCG-shear zones [4] - The project is situated in the southern projection of the Paleogene metallogenic belt of Chile, which hosts large porphyry deposits [5] Option Agreement Terms - The option agreement includes a five-year timeline for exploration, requiring a total of US$4,000,000 in exploration expenditures over the first four years [7] - The agreement outlines cash and share payments totaling US$150,000 over the first two anniversaries of the definitive agreement [8] Concurrent Financing - Grafton Resources plans a concurrent private placement to raise between US$2,000,000 and US$3,000,000 through the issuance of units priced at $0.50 each [9] - Proceeds will be allocated to acquisition costs, exploration activities, and general corporate purposes [10] Insider Participation - Insiders of the company are expected to participate in the concurrent offering, which may be considered a related party transaction [11]
LAURION Launches 1,700-Metre Follow-Up Drill Program to Delineate and Expand Near-Surface Gold and Base-Metal Zones at Ishkoday
Thenewswire· 2025-10-28 09:00
Core Viewpoint - LAURION Mineral Exploration Inc. has initiated a 1,700-metre diamond drill program at its 100%-owned Ishkōday Project, aiming to explore previously reported gold and base metal zones, enhancing resource definition and valuation growth [1][6]. Exploration Program - The current drill program is designed to follow up on gold and base metal-bearing zones identified in the A-Zone and McLeod Zones, which are part of a broader mineralization corridor [2][5]. - The A-Zone and McLeod Zone are noted as under-explored areas with consistent gold and zinc-rich mineralization [3][4]. Previous Drill Highlights - Significant gold intercepts from previous drill programs include: - 7.50 m @ 0.90 g/t Au, 35 g/t Ag, 0.53% Cu, and 5.71% Zn - 12.84 m @ 3.31 g/t Au - 2.62 m @ 11.98 g/t Au [3][4]. Future Plans - LAURION plans to expand its drilling campaign to 7,000 – 10,000 metres in 2026, focusing on near-surface resource definition and deeper extensions beneath the Sturgeon River and Brenbar mine areas [7][8]. - The upcoming drilling will support the technical foundation for future resource growth and valuation enhancement strategies [8]. Company Overview - LAURION is a mid-stage junior mineral exploration and development company, primarily focused on the Ishkōday Project, which spans 57 km² and is rich in gold and base metals [10][11]. - The company aims to maximize shareholder value through its exploration activities and has become a potential acquisition target due to its advancements [12].
Sixty North Gold Announces Closing of Second and Final Tranche of Unit Offering
Newsfile· 2025-10-24 21:16
Core Points - Sixty North Gold Mining Ltd. has closed its second and final tranche of 833,333 units for gross proceeds of $50,000, bringing total gross proceeds from both tranches to $307,100 [1][3] Financing Details - Each unit is priced at $0.06 and consists of one share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.10 for twelve months [2] - The securities from the offering will have a resale restriction until February 25, 2026, and no finder's fees were paid [3] Use of Proceeds - The net proceeds from the offering will be allocated for further exploration and development of the Mon Gold Property in NWT, as well as for general working capital [3] Company Overview - Sixty North Gold is focused on developing mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore and recovered an estimated 15,000 ounces of gold in the 1990s [4] - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tpd gravity-flotation mill [4] Additional Exploration Potential - The Mon Gold Property also has additional gold, silver, and base metal targets that will be explored and developed as warranted [5] - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 gpt gold or better and a total production exceeding 14 million ounces [5]
LAURION Announces Frankfurt Stock Exchange Listing and Corporate Awareness Agreements
Thenewswire· 2025-10-23 13:15
Core Points - LAURION Mineral Exploration Inc. has successfully listed its common shares on the Frankfurt Stock Exchange under the symbol "5YD", enhancing its market visibility and global presence [1][2] - The listing is expected to improve share liquidity and broaden exposure to European investors [2] - LAURION has engaged Apaton Finance GmbH for investor relations services in Europe for a three-month term at a cost of EUR 25,500, aimed at increasing visibility in the European market [3] - An advertising and investor awareness campaign has been initiated with Dig Media Inc. (Investing News Network) for six months at a cost of CAD $22,775, focusing on North American markets [4] - Both agreements with Apaton and INN are not performance-based and are subject to TSXV approval [5] - The President and CEO of LAURION emphasized that these initiatives are designed to expand the international investor base and enhance liquidity for shareholders [6] - The company is focused on advancing its flagship Ishkōday Project, a gold-rich polymetallic prospect in Northern Ontario [7] - LAURION is exploring strategic alternatives and transactional opportunities to maximize shareholder value [8] Company Overview - LAURION is a mid-stage junior mineral exploration and development company listed on the TSXV and OTC, with a total of 274,097,283 outstanding shares, 73.6% of which are controlled by insiders [11] - The company's primary focus is on the exploration and development of the Ishkōday Project, which is characterized by its gold-rich polymetallic mineralization [12] - LAURION aims to maximize shareholder value through its mineral exploration activities and is positioned as an acquisition target due to its advancements [13]
Sixty North Gold Announces Non-Brokered $1,500,000 Unit Offering
Newsfile· 2025-10-22 22:00
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to announce that the Company intends to complete a non-brokered financing of up to 13,636,363 units (the "Units") at an offering price of $0.11 per Unit to raise gross proceeds of up to $1,500,000 (the "Offering") subject to applicable securities laws and CSE policies. Each Unit will be comprised of one common share (each, ...