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Trident Resources Announces Closing of the Acquisition of Claims from Eagle Plains Resources Within the La Ronge Gold Belt in Saskatchewan, Canada
Globenewswire· 2025-08-28 20:30
Core Viewpoint - Trident Resources Corp. has successfully 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][8]. 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 northeast of La Ronge, Saskatchewan [1]. - The newly acquired claims are situated within the La Ronge Domain Central Metavolcanic Belt, which is known for its gold mineralization [4]. Agreement Terms - The total purchase price for the properties 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% [5]. - The transaction is classified as a non-arm's length transaction due to the involvement of a director from Trident who is also a director and officer of Eagle Plains [5]. Financial Position - Trident Resources Corp. has over $11 million in cash and marketable securities, positioning the company well for its upcoming drilling program at the Contact Lake Gold Project [8]. - The acquisition is seen as an attractive opportunity due to the proximity of the new properties to Trident's existing high-grade gold projects, which have numerous documented gold showings with values up to 45.5 g/t Au [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 [7].
Core Lithium (7CX) Earnings Call Presentation
2025-08-27 22:00
Equity Raising Overview - Core Lithium is undertaking an equity raising comprising a placement of approximately A$50 million and a share purchase plan (SPP) of up to A$10 million[50] - The offer price for the placement and SPP is A$0105 per share, representing a 125% discount to the last traded price of A$0120 on 26 August 2025[50] - The placement involves the issue of approximately 4762 million new shares[50] - The SPP is available to eligible shareholders in Australia and New Zealand, allowing them to apply for up to A$30,000 worth of new shares[50] Use of Funds - The company plans to use the funds raised for long-lead items (A$58 million), BP33 box cut and decline development (A$250 million), operational readiness activities (A$92 million), and general working capital and costs of the offer (A$294 million)[51] Finniss Lithium Project - The Finniss Lithium Project has an Ore Reserve of 107Mt at 129% Li2O and a Mineral Resource of 485Mt at 126% Li2O[54] - The project aims for an average future annual production of 205ktpa (SC6 eq)[41] - The project anticipates low operating costs of A$690 – A$785/t FOB SC6 eq excluding royalties[41] Production and Cost Optimization - The company is optimizing the mine plan, simplifying the flowsheet, and increasing throughput to 12Mtpa[57] - Underground mining at BP33 is expected to deliver low mining costs of A$63 - A$72/t of ore[58] - Plant upgrades will result in a 20% increase in throughput capacity to 12Mtpa[65]
Miata Metals Announces Exploitation License Renewal for the Sela Creek Gold Project
GlobeNewswire News Room· 2025-08-27 12:40
Core Points - Miata Metals Corp. has successfully renewed its exploitation license for five years, allowing continued exploration at the Sela Creek Gold Project [2][3] - The renewal covers an area of 100 km², which includes the majority of the current artisanal mining footprint and primary zones of interest [2] - The company is currently engaged in a 10,000 m drill program and has secured financing to support systematic exploration [2] Financial Commitments - Miata has made required cash payments under the Option Agreement and issued 592,883 shares valued at US$100,000 to the optionors of Sela Creek [3] - To increase its 70% interest to 100%, the company must complete additional cash and share payments by specified dates, totaling US$750,000 in cash and US$300,000 in shares [4] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing mineral properties [5] - The company holds a 70% interest in the Sela Creek Gold Project, which spans approximately 215 km², and has an option to acquire a full 100% interest [5]
Lancaster Resources Completes Acquisition of Lac Iris Polymetallic Project
Globenewswire· 2025-08-27 12:00
Core Viewpoint - Lancaster Resources Inc. has successfully acquired a 100% interest in the Lac Iris Polymetallic Project in Quebec, enhancing its exploration capabilities in the James Bay region [1][4]. Acquisition Highlights - The acquisition significantly boosts Lancaster's exploration prospects and supports its strategy for precious metal discoveries [4]. - The company has staked new mineral claims that have been approved by the Québec mining authority, correcting previous inaccuracies in their claims map [4]. - The Lac Iris properties are strategically located near significant mineral properties, including the NISK Project and the Whabouchi Mine [5]. Project Details - The acquisition adds approximately 694 hectares across three packages, complementing Lancaster's existing option on the Trans-Taiga Project [5]. - The project is situated along a geological trend known for hosting lithium and polymetallic mineralization, enhancing its exploration potential [5]. - This acquisition expands Lancaster's exploration footprint in James Bay, complementing its uranium and gold projects in Saskatchewan and the Lake Cargelligo Gold Project in Australia [5]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical minerals and gold projects in established mining jurisdictions [7]. - The company holds a 100% interest in the Lake Cargelligo Gold Project and has various other projects in Canada, including the Lac Iris Polymetallic Project [7].
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 ...