Workflow
Mineral exploration and development
icon
Search documents
Sixty North Gold Announces Closing of First Tranche of Unit Offering
Newsfile· 2025-10-22 21:05
Core Viewpoint - Sixty North Gold Mining Ltd. has successfully closed its first tranche of financing, raising $257,100 through the sale of 4,285,000 units, which will be utilized for exploration and development of its Mon Gold Property and general working capital [1][4]. 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]. - If the market price exceeds $0.15 for ten consecutive trading days, the company can require warrant holders to exercise their warrants within 30 days [2]. - The offering's securities will have a resale restriction until February 23, 2026, and finder's fees of $8,000 in cash and 133,333 finder's warrants were paid [3]. Use of Proceeds - The net proceeds from the offering will be allocated towards further exploration and development of the Mon Gold Property in Northwest Territories, as well as for general working capital needs [4]. 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 and recovered an estimated 15,000 ounces of gold in the 1990s [5]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in various zones to support a 100 tonnes per day gravity-flotation mill [5]. Additional Exploration Potential - The property also contains additional gold, silver, and base metal targets that will be explored as warranted [6]. - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) and others averaging 15 gpt, contributing to over 14 million ounces of gold produced [6].
Dolly Varden Silver Drills 56,131 Meters in 84 Drill Holes on the 2025 Kitsault Valley Exploration Program
Newsfile· 2025-10-18 00:15
Core Insights - Dolly Varden Silver Corporation has completed its 2025 diamond drill program at the Kitsault Valley Project, totaling 56,131 meters across 84 drill holes, confirming resource expansion and intersecting new mineralization [1][2][3] Group 1: Drill Program Details - The 2025 drill program was expanded from 35,000 meters to 55,000 meters due to early season high-grade results from the Wolf Vein, indicating strong potential for resource growth [2] - Approximately 60% of the drilling was conducted on the Dolly Varden property, while 40% was on the Homestake Ridge property, utilizing directional drilling technology for improved targeting and efficiency [3] Group 2: Marketing and Strategic Partnerships - Dolly Varden Silver has engaged Orbiton Capital Corp. for marketing services, including strategic advice and digital media, under a 24-month agreement for $100,000 USD [4][5] - Orbiton is considered an arm's length party and does not currently hold any direct interest in the Company, although a shareholder of Orbiton holds stock options for 20,000 shares of the Company [5] Group 3: Company Overview - Dolly Varden Silver Corporation focuses on the Kitsault Valley Project, which includes the Dolly Varden and Homestake Ridge Projects, located in British Columbia's Golden Triangle, an area known for high-grade silver and gold resources [8] - The Kitsault Valley Project encompasses approximately 100,000 hectares and includes five past-producing high-grade silver mines, indicating significant exploration potential [8]
New Age Metals Closes Private Placement For A Total Of $4 Million With Eric Sprott Subscribing For $2 Million In The First Tranche
Thenewswire· 2025-10-17 12:00
Core Points - New Age Metals Inc. has closed the third and final tranche of a non-brokered private placement financing, raising a total of $4,000,000 across all tranches [1][9] - The financing included the issuance of 1,738,845 flow-through units at $0.26 each and 747,727 non-flow-through units at $0.22 each, generating gross proceeds of $616,599.64 in the final tranche [1][7] - Eric Sprott, the largest shareholder, subscribed for $2,000,000 in the first tranche, increasing his ownership to approximately 34.37% on a partially diluted basis before the final tranche [2][9] Financing Details - Each flow-through unit consists of one common share and one half of a share purchase warrant, with the whole warrant allowing the purchase of an additional share at $0.40 for three years [3] - Each non-flow-through unit also consists of one common share and one half of a share purchase warrant, with the same terms as the flow-through units [4] - Finder's fees totaling $22,070 in cash and 88,337 non-transferable finder warrants were paid in connection with the final tranche [5] Project Highlights - The company's flagship asset is the River Valley Palladium-Platinum Project, one of North America's largest undeveloped primary palladium projects, currently in the development stage [6][10] - The price of palladium has increased by approximately 74% and platinum by 79% over the last six months, indicating a favorable market environment for the company's projects [6] - The company is actively pursuing exploration and development in Newfoundland, Ontario, and Manitoba, with proceeds from the financing allocated for these activities [7] Additional Projects and Initiatives - The company is advancing its Newfoundland Gold-Antimony Division, with Phase 2 of the field program currently underway [6] - The Genesis PGM-Cu-Ni Project in Alaska is also being developed, with management preparing a budget and plan for Phase 2 [6][19] - New Age Metals is exploring opportunities for new mineral acquisitions on an international scale, aiming to generate projects for optioning with major and junior mining companies [27]
LAURION Announces Incentive Stock Option Grant
Thenewswire· 2025-10-10 19:25
Core Points - LAURION Mineral Exploration Inc. has granted stock options to investor relations consultant Douglas Vass for 250,000 common shares at a price of C$0.35 per share, with a five-year term and vesting schedule [1][2] - The company is focused on the exploration and development of its flagship Ishkōday Project, which is a 100% owned mid-stage project with gold-rich polymetallic mineralization [3][4] - LAURION aims to maximize shareholder value and is positioned as an acquisition target, with potential strategic alternatives and transactional opportunities being considered [4] Company Overview - LAURION is a mid-stage junior mineral exploration and development company listed on the TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF, with 274,097,283 outstanding shares, 73.6% of which are owned by insiders [2] - The company emphasizes advancing the Ishkōday Project as a key priority in its mineral exploration activities [4]
West Point Gold Closes the Acquisition of the Baxter Spring Project in Nevada
Newsfile· 2025-10-03 11:00
Core Viewpoint - West Point Gold Corp. has successfully acquired a 100% interest in the Baxter Spring Project through the acquisition of Baxter Gold Corp. and its US subsidiary, as per the share purchase agreement dated September 15, 2025 [1][3]. Acquisition Details - The acquisition involved the issuance of 13,500,000 common shares valued at $0.435 per share to Baxter's shareholders [3]. - The common shares are subject to a statutory hold period until February 3, 2026, with additional contractual hold periods for 25% of the shares on April 2, 2026, October 2, 2026, April 2, 2027, and October 2, 2027 [4]. Project Overview - The Baxter Spring Project is located in the Manhattan Mining District, approximately 40 km south of Kinross's Round Mountain Mine and West Point Gold's Jefferson Canyon project in Nye County, Nevada [2]. - Historical work on the project includes 128 drill holes, totaling approximately 11,000 meters of reverse circulation drilling and 1,850 meters of core drilling, along with surface geochemical and geophysical surveys [2]. Historical Drilling Highlights - Significant historical drilling results include: - 24.4 meters at 2.49 g/t Au [6] - 12.2 meters at 60.3 g/t Au, including 3.0 meters at 240 g/t Au [6] - 27.4 meters at 1.46 g/t Au [6] - 7.6 meters at 8.81 g/t Au [6] - 69.0 meters at 0.71 g/t Au [6] Regulatory Approval - The acquisition is still subject to final approval from the TSX Venture Exchange [5]. Company Background - West Point Gold Corp. focuses on gold discovery and development across four projects in the Walker Lane Trend, covering Nevada and Arizona, with an emphasis on developing a maiden resource at its Gold Chain project in Arizona [9].
Royal Road and Rio2 Announce Share Acquisition by Rio2
Globenewswire· 2025-09-29 11:30
Core Viewpoint - Rio2 Limited has acquired approximately 15.0% of Royal Road Minerals Limited's issued and outstanding shares, marking a significant investment and partnership opportunity for both companies [1][4]. Group 1: Acquisition Details - Rio2 acquired 39,855,000 ordinary shares of Royal Road at a price of $0.115 per share, totaling an investment of $4,583,325 [4]. - The acquisition was part of a block trade on the TSX Venture Exchange, transferring shares from a single investor to Rio2 and other institutional investors [2]. - Following the acquisition, Rio2 became an "insider" of Royal Road under applicable securities laws [1]. Group 2: Strategic Implications - Royal Road's President and CEO expressed enthusiasm about the partnership, highlighting Rio2's strong track record in developing gold projects and their alignment with Royal Road's growth ambitions [3]. - Rio2's Executive Chairman emphasized the geological attractiveness of Royal Road's portfolio and the potential for future diversification and growth opportunities [3]. - An Investor Rights Agreement allows Rio2 to maintain its ownership percentage and designate a nominee for Royal Road's board of directors, provided it holds at least 9.5% of the shares [3]. Group 3: Company Profiles - Royal Road Minerals is focused on mineral exploration and development, with operations in Saudi Arabia, Morocco, and Colombia, aiming to discover and develop large-scale copper and gold deposits [8]. - Rio2 Limited is a mining company concentrating on the development of its Fenix Gold Project in Chile, committed to high environmental standards and responsible mining practices [9].
Q-Gold Provides Update on Fully Subscribed Private Placement Financing
Globenewswire· 2025-09-24 23:30
Core Viewpoint - Q-Gold Resources Ltd. has announced the conditional approval of a financing offering by the TSX Venture Exchange, which is fully allocated and includes an over-allotment option, resulting in total gross proceeds of C$11,500,000 [1][2][6]. Offering Details - The offering will consist of up to 76,666,667 Subscription Receipts priced at C$0.15 each, which will convert into Units upon the satisfaction of certain conditions [2][3]. - Each Unit will comprise one common share and one-half of a common share purchase warrant, with the warrants allowing the purchase of additional shares at C$0.20 for 24 months [4][6]. - The offering is expected to close in escrow around October 2, 2025, pending regulatory approvals and other customary conditions [10][12]. Use of Proceeds - The net proceeds from the offering will be used to finance the acquisition of the Quartz Mountain Project, fund exploration programs at the Mine Centre project, and for general working capital [9][12]. Regulatory and Closing Conditions - The completion of the offering and acquisition is subject to various regulatory approvals, including those from the TSXV, and the filing of a technical report in accordance with National Instrument 43-101 [10][11]. - The offering will be structured to ensure that if conditions are not met by the Escrow Release Deadline, the Subscription Receipts will be cancelled and funds returned to the holders [5][7].
Roscan Gold Receives Exploration Permit Renewal from Mali's Ministry of Mines
Newsfile· 2025-09-22 13:19
Core Points - Roscan Gold Corporation has received formal approval for the renewal of its key exploration permits from Mali's Council of Ministers, which is a significant step towards obtaining an exploitation permit [1][2] - The renewal reflects the Government of Mali's ongoing support for responsible mineral exploration and development, providing a strong foundation for advancing the Kandiole Gold Project [2][3] - The company aims to obtain a mining permit and advance its Preliminary Economic Assessment as the next critical milestones in transitioning from exploration to development [3] Company Overview - Roscan Gold Corporation is a Canadian gold exploration company focused on acquiring and exploring gold properties in West Africa, holding a significant land position of 100%-owned permits in an area with existing gold mines [4]
EDUARDO LUNA APPOINTED LEAD DIRECTOR OF VIZSLA SILVER
Prnewswire· 2025-09-17 12:00
Core Viewpoint - Vizsla Silver Corp. has appointed Mr. Eduardo Luna as Lead Director of the Board, recognizing his extensive experience in the mining industry and his contributions to the company's progress towards becoming a leading silver producer [2][4]. Company Leadership - Mr. Eduardo Luna, an independent director since November 15, 2023, has been appointed as Lead Director, bringing four decades of experience in the mining sector [2][3]. - Luna has previously held significant roles in companies such as Goldcorp and Wheaton River, and has been instrumental in developing major mines in Mexico, including the San Dimas Mine [2][3]. Incentive Compensation - The company has granted 1,550,000 performance-based restricted share units (PRSUs) to officers, employees, and consultants, which will vest over three years following the announcement of the Feasibility Study for the Panuco Project [4]. Panuco Project Overview - The Panuco silver-gold project is located in southern Sinaloa, Mexico, covering 7,189.5 hectares with over 86 kilometers of vein extent and existing infrastructure [5]. - The project contains intermediate to low sulfidation epithermal silver and gold deposits, primarily associated with volcanic activity [6]. Mineral Resource Estimate - As of January 6, 2025, the Panuco Project has an estimated in-situ combined measured and indicated mineral resource of 222.4 million ounces of silver equivalent (AgEq) and an inferred resource of 138.7 million ounces AgEq [7]. Economic Highlights - A Preliminary Economic Study completed in July 2024 indicates an annual production of 15.2 million ounces AgEq over an initial mine life of 10.6 years, with an after-tax NPV at 5% of US$1.1 billion, an IRR of 86%, and a payback period of 9 months at silver and gold prices of US$26/oz and US$1,975/oz respectively [7].
Renegade Gold Appoints New President and Chief Executive Officer
Newsfile· 2025-09-17 11:20
Company Overview - Renegade Gold Inc. is focused on the acquisition, exploration, and development of mineral properties in the Red Lake Mining District of Northern Ontario, holding over 89,600 hectares of prospective exploration properties with significant potential for gold and critical minerals [5] Leadership Changes - Devin Pickell has been appointed as President, Chief Executive Officer, and Director of Renegade Gold Inc., bringing 20 years of experience in mineral production and exploration, particularly in gold and lithium projects [1][2] - The company also announced the resignation of David Velisek as a director and Nav Dhaliwal as Chief Executive Officer, while both remain as directors [3][4] Strategic Focus - The company aims to re-evaluate its core Red Lake assets, including Newman Todd, Sidace, and Confederation, with a focus on high-grade extensions and systematic exploration [3] - At Newman Todd, the strategy includes expanding the mineralized footprint and testing newly interpreted zones, while Confederation presents a district-scale opportunity that has not been systematically explored [3]