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E-Tech Resources Issues Corporate Update on Eureka Project with Licence Transfer Submission and Nuclear Fuels Designation
Newsfile· 2025-08-12 12:51
Core Insights - E-Tech Resources Inc. has provided a corporate update regarding its Eureka Project in Namibia, highlighting the submission of a transfer for the Exclusive Prospecting Licence (EPL 8748) and the designation of nuclear fuels as a commodity [1][2][3] Group 1: Licence Transfer and Ownership Structure - The company has submitted the transfer of EPL 8748 to a new Namibian entity, with E-Tech holding 85% ownership and local partners holding 15%, fulfilling a key condition of the Purchase Agreement [2] - This transfer consolidates project ownership and establishes a framework for future exploration and development activities [2][4] Group 2: Inclusion of Nuclear Fuels - The terms of EPL 8748 have been amended to include nuclear fuels, allowing E-Tech to expand its exploration to include uranium and thorium alongside its existing rare earth element resources [3] - This amendment enhances the long-term value potential of the Eureka Project by broadening its exploration mandate [3][4] Group 3: Future Plans and Strategic Positioning - The company plans to advance targeted exploration programs to define new critical mineral prospects while continuing to expand and de-risk its established rare earth element resource base [4] - The interim CEO emphasized that these developments position the Eureka Project to advance under a supportive framework for both rare earth resources and additional critical minerals [4] Group 4: Project Location and Context - The Eureka Project is located approximately 250 km northwest of Windhoek, Namibia, and 140 km east of Walvis Bay, situated next to the national B1 highway in the Erongo Region [5] - The project lies within the Southern Central Zone of the Neoproterozoic Damara Belt, covering EPL 6762 and surrounding EPL 8748 [6] - Namibia is noted for its political stability, established infrastructure, and transparent mining laws, providing a favorable environment for mining activities [7]
New Age Metals Receives Approval for Junior Exploration Assistance Rebate to Advance Newfoundland Antimony-Gold Project
Thenewswire· 2025-07-30 12:20
Core Insights - New Age Metals Inc. has received formal approval under Newfoundland and Labrador's Junior Exploration Assistance Program, enabling the company to advance its exploration projects in the region [1][2] - The project has been designated as a "Critical Minerals as a Primary Exploration Target," ensuring eligibility for funding from Critical Minerals Assistance and Provincial Critical Mineral Assistance streams [2] - The company is preparing for a Phase 2 exploration program following a successful Phase 1 program, with a budget of approximately $225,000 and potential rebate support of up to 40% of eligible costs [4][5][6] Exploration Program Details - The Phase 2 field program will include geological mapping, prospecting, and various sampling methods, with a focus on the Antimony Ridge property [6][7] - The total area of the Antimony Ridge and Citadel properties is 3,775 hectares, which are located near hydroelectric power and communities, providing access to a skilled workforce [9][8] - The company has entered into an Option Agreement to acquire a 100% interest in the Antimony Ridge Property, enhancing its geological potential [8] Financial Support and Incentives - The JEA Program aims to expand the mineral inventory of Newfoundland and Labrador, providing funding through a combination of provincial and federal grants [10] - The potential rebate for eligible exploration activities is estimated at $71,975, with a maximum rebate of $150,000 per project [6][12] - The JEA Program is designed to support junior companies in critical mineral exploration, with a total funding pool of $3.9 million [10]
Nine Mile Metals Receives NBJMAP Exploration Grant for California Lake East VMS Project
Newsfile· 2025-06-12 13:25
Core Viewpoint - Nine Mile Metals Ltd. has received a $40,000 grant from the New Brunswick Department of Natural Resources and Energy Development to support exploration on the California Lake East VMS Project [1][4]. Exploration Plans - The company submitted a proposal in April 2025 for specific exploration on the California Lake East VMS Project, where previous drilling in 2022 confirmed the presence of a VMS system [2]. - Planned exploration will focus on the stratigraphic horizon and EM strong late-time conductors, with ground-based geophysics to define prioritized drill targets [2][6]. - Target 6 has been identified as a high-priority new target, potentially the source of the previously successful VMS drill program at Target 8 [2][8]. Support and Community Engagement - The New Brunswick government continues to support the mining community in the Bathurst Mining Camp through the Junior Mining Assistance Program, which funds projects of high interest [4]. - The company expresses gratitude for the ongoing support from the New Brunswick Department of Natural Resources and the local mining community [8]. Company Overview - Nine Mile Metals Ltd. is focused on Critical Minerals VMS exploration in the Bathurst Mining Camp, with projects including Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge VMS Projects [9]. - The company aims to position itself for the demand in EV and green technologies, which require critical minerals such as Copper, Silver, Lead, and Zinc, while also having a hedge on Gold [9].
Apex Finalizes Drilling Plans for Critical Minerals and Gold at Jersey-Emerald
Newsfile· 2025-05-27 10:30
Core Viewpoint - Apex Resources Inc. is advancing its drilling plans for critical minerals and gold at the Jersey-Emerald Property, with an initial program of seven holes targeting minerals on Canada's Critical Minerals List [1][2]. Group 1: Drilling Plans and Targets - The drilling program will consist of approximately 955 meters, with the first two holes focused on zinc mineralization (including germanium and gallium), while the remaining five holes will target two zones of gold mineralization associated with bismuth, tellurium, tungsten, and molybdenum [1][2]. - Four of the seven drill holes are situated on the company's private land, facilitating the permitting process, and road access is available to most proposed sites [3]. Group 2: Potential and Historical Context - The Jersey-Emerald Property is noted for its potential to host additional deposits, with five gold and six tungsten zones identified, located near key transportation routes and historical mining sites [4][7]. - Historical drilling has revealed significant gold values, including 24.98 grams per tonne (g/T) over 10.2 meters in a previous drill hole [4]. Group 3: Other Projects and Strategic Location - Apex's flagship project, the Lithium Creek Project, is strategically located near Reno, Nevada, within proximity to major players in the lithium-ion battery supply chain, including the Tesla Gigafactory [6]. - The Lithium Creek Project encompasses extensive placer claims and naturally flowing lithium brine groundwater, indicating strong potential for lithium extraction [6].
RT Minerals Corp. Commences Exploration Plans at Case Batholith Property
Newsfile· 2025-03-26 13:20
Core Viewpoint - RT Minerals Corp. has initiated its 2025 exploration program at the Case Batholith Property, which is largely unexplored and located approximately 85 km northeast of Cochrane, Ontario, with significant potential for lithium and cesium mineralization [1][2]. Exploration Strategy - The company will conduct a high-resolution airborne magnetic survey as part of its 2025 work program to refine exploration targets and enhance geological understanding of the property [3]. - Airborne magnetics is a cost-effective method to delineate geological domains, identify regional fault zones, and map potential pegmatite trends beneath overburden or forest cover [4]. - The data from the airborne survey will be instrumental in interpreting the subsurface structure of the Case Batholith and defining priority target areas for follow-up activities such as geological mapping, sampling, and potential drilling campaigns [6][4]. Mineral Potential - By integrating magnetic data with existing regional geological models, RT Minerals aims to advance its understanding of the Case Batholith's mineral potential and focus exploration efforts on zones most prospective for critical mineral discovery [5][7]. - The exploration activities are designed to delineate prospective zones for lithium and cesium mineralization, aligning with the company's strategic focus on critical minerals exploration in Canada [7]. Company Overview - RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol "RTM" and holds a 100% interest in a portfolio of 12 rare earth element, gold, and base metal properties in Ontario, Canada [8].