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St-Georges sets date for Annual General Meeting & Extends the Duration of Some Warrants
Thenewswire· 2025-09-12 22:15
Corporate Update - St-Georges Eco-Mining Corp. will hold its Annual General Meeting on December 12, 2025, at 1pm EDT in a hybrid format, allowing both in-person and virtual attendance [1] - Management is conducting surface sampling and fieldwork on the Julie and Manicouagan Critical Minerals Projects in September and October to validate new geological models and confirm the potential of newly identified target zones [1] Project Developments - CEO Herb Duerr, along with a senior geologist and a water expert geologist, will visit the Thormodsdalur and Elbow Creek Gold Projects in Iceland for geological assessments and community engagement [2] - The company is extending the validity of certain warrants issued to subscribers, with new terms set for warrants issued on September 14, 2023, and October 31, 2023, extending the exercise period from 24 months to 42 months [3][5] Company Overview - St-Georges Eco-Mining Corp. develops new technologies and holds a diversified portfolio of assets, including advanced battery processing, metallurgical R&D for lithium recovery, high-grade gold exploration projects, and methane conversion technology [8]
Magna Mining (OTCPK:MGMN.F) 2025 Conference Transcript
2025-09-11 16:32
Summary of Magna Mining Conference Call Company Overview - **Company**: Magna Mining (OTCPK:MGMN.F) - **Industry**: Mining, specifically focused on nickel and copper in the Sudbury area Key Points and Arguments 1. **Acquisition of Properties**: Magna Mining announced a definitive agreement to acquire eight properties in Sudbury from KGHM International, marking a transformational deal for the company [2] 2. **Growth Strategy**: The company’s growth is based on three pillars: production, exploration, and synergistic acquisitions of noncore assets in Sudbury [3] 3. **Current Operations**: The Macready West copper mine is currently producing, with plans to use cash flow from this operation to build and restart other owned operations in Sudbury [3][4] 4. **Exploration Potential**: Significant exploration potential exists on acquired properties, with a focus on high-grade copper discoveries [4] 5. **Infrastructure Advantage**: Sudbury has extensive mining infrastructure, including processing plants and smelters, which provides a strategic advantage for Magna Mining [5][6] 6. **Turnkey Restart Projects**: Several mines, including Levac and Podolsky, are on care and maintenance but are fully permitted for quick restarts [7][8] 7. **Revenue Focus**: Currently, about 70% of revenues are derived from copper, with plans to turn on nickel production when market conditions are favorable [11] 8. **Resource Estimates**: The 700 complex has an indicated resource of approximately 5.2 million tonnes, with grades of 0.7% nickel, just under 2% copper, and 2.5 grams of precious metals [12] 9. **Investment in Development**: The company is investing $10 million in underground development to open new mining areas and ensure long-term operational flexibility [13] 10. **Exploration at Levac Mine**: The Levac Mine has a historic resource and is being explored for high-grade deposits similar to the Morrison Deposit, with recent drilling showing promising results [14][18] 11. **Capital Structure**: As of June 30, the company had $27 million in the bank and announced a $45 million life offering to fund aggressive drilling programs [24][25] 12. **Upcoming Catalysts**: Future catalysts include drilling results from Levac, resource estimates for multiple properties, and potential government support for critical mineral strategies [26][27] Additional Important Information - **Shareholder Support**: The company has attracted supportive shareholders, including Dundee Corp, which has been instrumental in its growth [25] - **Government Recognition**: Magna Mining has been recognized as a priority company for the critical mineral strategy by the Ontario provincial government, which may facilitate quicker restarts of operations [27]
Armory Mining Amends AMMO Antimony-Gold Project Option Agreement
Thenewswire· 2025-09-11 11:30
Core Viewpoint - Armory Mining Corp. has amended its mineral property option agreement to accelerate the acquisition of the Ammo Property, which is adjacent to the West Gore antimony-gold mine in Nova Scotia, Canada, allowing the company to gain a 100% interest in the project [1][3]. Group 1: Agreement Details - The amendment agreement, dated September 9, 2025, modifies the terms of the original option agreement from a cash payment of $25,000 to the issuance of 384,615 common shares to the optionor within five business days of acceptance by the Canadian Securities Exchange [2]. - To date, the company has made cash payments totaling $25,000 and issued 750,000 common shares to the optionor [2]. Group 2: Company Strategy and Future Plans - The CEO of Armory Mining Corp. stated that the amendment accelerates the acquisition process and allows the company to proceed with exploration plans following a recent data compilation [3]. - The Ammo Property is located in an established antimony-gold camp with historical production, indicating potential for future exploration success [3]. Group 3: Company Overview - Armory Mining Corp. is focused on minerals critical to the energy, security, and defense sectors, controlling an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [5].
Bessor Announces Acquisition of Graphite Prospect
Globenewswire· 2025-09-10 17:36
Core Viewpoint - Bessor Minerals Inc. has entered into an asset purchase agreement to acquire the Jagrite Graphite Project in British Columbia, enhancing its property portfolio and exploration capabilities [1][3]. Company Overview - Bessor Minerals Inc. focuses on the exploration and development of the Redhill volcanogenic massive sulphide deposit in British Columbia and holds a 1% NSR on certain claims in the Blackwater Mine operated by Artemis Gold Inc. [3]. Acquisition Details - The Jagrite Graphite Project covers 139.4 hectares and is located 30 kilometers southwest of Bella Coola, BC. Previous exploration has identified graphite occurrences over a 400 X 400 meter area within the property [2]. - The acquisition terms include a cash payment of CAD 20,000 upon signing, followed by two additional payments of CAD 25,000 within 12 and 24 months, respectively, and the issuance of 2,000,000 common shares to the vendor upon closing [6]. Geological Insights - The project contains crystalline flake graphite concentrations found within biotite schist roof pendants of the granodioritic gneiss, with graphite concentrated at the crests of folds and in shear zones and thin veins [2]. Qualified Person - Andris Kikauka, P.Geo., has reviewed and approved the disclosure in the news release, ensuring compliance with National Instrument 43-101 [4].
Marimaca Copper Completes A$80,000,000 Bookbuild
Globenewswire· 2025-09-05 13:00
Core Viewpoint - Marimaca Copper Corp. has secured binding commitments for a brokered placement of 8,247,423 new Chess Depositary Interests (CDI) at a price of A$9.70 per CDI, resulting in gross proceeds of approximately A$80,000,000 or C$72,080,000 [1][2] Group 1 - The placement received strong support from new institutional and sophisticated investors, with demand significantly exceeding the targeted amount [2] - The net proceeds from the placement will be allocated for exploration at the Pampa Medina Project, detailed design and engineering at the Marimaca Oxide Deposit, and general corporate purposes [3] - The CDIs will be issued under an ASX Listing Rule 7.1 waiver, with completion expected around September 11, 2025, subject to regulatory approvals [4] Group 2 - Marimaca is focused on its 100%-owned Marimaca Copper Project and surrounding exploration properties located in the Antofagasta Region, Chile [7] - The Marimaca Copper Project includes the Marimaca Oxide Deposit, and the company is progressing through a Definitive Feasibility Study led by Ausenco Chile Ltda [8]
Laurion Expands Advisor Network and Advances Ishkoday Drilling Campaign
Thenewswire· 2025-09-05 11:00
TORONTO, Ontario – September 5, 2025 – TheNewswire - LAURION Mineral Exploration Inc. (TSXV: LME | OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to provide this corporate update on its previously announced advisory engagements, exploration progress, and investor outreach initiatives. Reference is made to the Corporation’s press releases dated August 19, 2025, June 2, 2025, May 27, 2025 and May 8, 2025.  Advisory Network ExpansionAmid growing shareholder interest and evolving market access str ...
Barksdale Resources Completes Payment for 51% Ownership of Sunnyside
Newsfile· 2025-09-04 21:00
Barksdale Resources Completes Payment for 51% Ownership of SunnysideJV With Regal Resources Moves ForwardSeptember 04, 2025 5:00 PM EDT | Source: Barksdale Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that it has completed the C$1 million cash payment and released 5 million shares of Barksdale stock, both to Regal Resources (now Great Basin ...
Pacifica Silver Announces U.S. Listing on the OTCQB
Newsfile· 2025-09-03 18:27
Core Viewpoint - Pacifica Silver Corp. is set to enhance its visibility and accessibility to U.S. investors by commencing trading on the OTCQB marketplace under the symbol "PAGFF" effective September 4, 2025 [1][2]. Company Overview - Pacifica Silver Corp. is a Canadian resource company with a management team experienced in mining and exploration in Mexico [4]. - The company is focused on its 100% owned Claudia Project in Durango, Mexico, which spans 11,876 hectares and is located in the historic El Papantón Mining District [4]. - The Claudia Project has shown high-grade silver and gold intercepts from sampling and drilling, with only 10% of over 30 kilometers of known veins drilled to date, indicating significant potential for new discoveries [4]. - Additionally, the company holds an option to acquire a 100% interest in the Janampalla Property in Central Perú, which has indicated widespread high-grade copper-gold mineralization [5]. Market Presence - The listing on the OTCQB is expected to enhance market liquidity, broaden the shareholder base, and strengthen the company's presence in the U.S. investment market [2]. - The OTCQB provides a reliable trading environment for early-stage and growth companies, requiring stringent reporting standards and annual verification [2]. - Pacifica's shares will continue to trade on the Canadian Securities Exchange under the symbol "PSIL" [3].
Sokoman Minerals Corp. Expands Land Position at Crippleback Lake
Newsfile· 2025-09-02 13:38
Core Viewpoint - Sokoman Minerals Corp. has expanded its land position at Crippleback Lake in Central Newfoundland by signing two property purchase agreements, indicating a strategic move in the emerging copper-gold play in the region [1][4]. Group 1: Property Acquisitions - The company has agreed to purchase a 100% undivided interest in 105 mineral claims from United Gold Inc. for a one-time cash payment of $20,000 and 500,000 common shares [2]. - Sokoman has also entered into an agreement with David Evans to acquire a 100% interest in 74 mineral claims for a one-time cash payment of $2,500 and 100,000 common shares, subject to a 1% NSR Royalty [3]. Group 2: Strategic Importance - The combined acquisitions give Sokoman control over more than 13,000 hectares at Crippleback Lake, enhancing its position in a promising mining area [4]. - The company plans to initiate geophysical surveys, soil and rock sampling, and geological mapping in the coming days to further explore the potential of the newly acquired properties [4]. Group 3: Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects including the flagship Moosehead and Fleur de Lys projects [5]. - The company has formed a strategic alliance with Benton Resources Inc. for large-scale joint-venture properties, indicating a collaborative approach to exploration and development [5].
NorthWest Announces Drilling Underway at Kwanika
Globenewswire· 2025-09-02 10:30
Core Viewpoint - NorthWest Copper is advancing its drilling program at the Kwanika project, supported by successful financing, aiming to confirm and expand higher-grade mineral targets and explore new opportunities [1][6]. Kwanika Central Deposit - The 2025 drilling plan at the Kwanika Central Deposit focuses on confirming and expanding the higher-grade target model to a depth of approximately 350 metres, with the goal of updating the mineral resource estimate and mine design [2][6]. Transfer Target - The Transfer Target, located 300 metres south of the Kwanika Central Deposit, will be drilled to assess its potential for new discoveries, particularly focusing on the orientation of alteration and mineralization [3][6]. Andesite Breccia Target - The Andesite Breccia Target, situated 600 metres north of the Kwanika Central Deposit, will be tested with a drill hole following a historic intercept of 87.0 metres at 0.38% Cu and 0.06 g/t Au, to understand its geological context [4][6]. Drilling Program Details - The total planned drilling for 2025 is 5,135 metres, with 4,285 metres allocated to the Kwanika Central Deposit and 850 metres to the Transfer and Andesite Breccia Targets [7][6]. Future Updates - The company will provide updates on the drilling program as results become available over the coming months [9].