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OTC Markets Group Welcomes Locksley Resources Limited to OTCQX
Globenewswire· 2025-10-13 11:00
Core Insights - Locksley Resources Limited has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which enhances its visibility and accessibility to U.S. investors [1][3][4] Company Overview - Locksley Resources Limited focuses on critical minerals, particularly rare earth elements and antimony, with its flagship Mojave Project located in California adjacent to MP Materials' Mountain Pass Mine [5][6] - The company is executing a mine-to-market strategy for antimony, aiming to re-establish domestic supply chains for critical materials through partnerships with U.S. research institutions and industry partners [6] Market Context - The OTCQX Market is designed for established, investor-focused companies that meet high financial standards and corporate governance practices, marking a significant milestone for companies that graduate to this market [3][4]
Electra Begins Testing North American Feedstock for Cobalt Refinery
Globenewswire· 2025-07-31 11:00
Core Viewpoint - Electra Battery Materials Corporation is initiating metallurgical testing on cobalt feedstock from two North American sources to enhance its cobalt refinery feedstock pipeline and support the development of a resilient critical minerals supply chain in North America [1][2]. Group 1: Cobalt Feedstock Testing - The initiative aims to integrate domestic cobalt sources from the historic Cobalt Camp in Ontario and the Iron Creek project in Idaho, supplementing existing global supply agreements [1][2]. - Preliminary results from the North American feedstock program are expected by the end of 2025, which will inform potential modifications to the processing flowsheet [3][5]. - The in-house laboratory is installing equipment to evaluate new feedstocks, focusing on processing arsenic-bearing polymetallic sulfide materials [3][4]. Group 2: Strategic Importance - The initiative aligns with U.S. and Canadian government efforts to localize critical mineral supply chains and reduce reliance on foreign processing, particularly from China [6]. - Electra's refinery is positioned as a foundational element of the North American battery ecosystem, designed to adapt to changing regional feedstock and market needs [6]. Group 3: Iron Creek Project - The Iron Creek project is located in the Idaho Cobalt Belt and has outlined an Indicated mineral resource of 4.4 million tonnes grading 0.19% cobalt and 0.73% copper [10]. - The project is a key component of Electra's strategy to establish a fully integrated North American supply chain for battery-grade cobalt [12]. Group 4: Financial Update - Electra has entered into an At The Market Offering Agreement with H.C. Wainwright & Co. to offer common shares with an aggregate offering price of up to US$5,500,000 [13][14].
U.S. GoldMining Welcomes Increased Copper Price Momentum, Highlights Strategic Copper-Gold Potential at Whistler Project in Alaska
Prnewswire· 2025-07-14 10:00
Core Viewpoint - U.S. GoldMining Inc. is advancing the Whistler Gold-Copper Project in Alaska, which is positioned to benefit from rising metal prices and supportive federal policies aimed at enhancing domestic resource security [1][2][4]. Company Overview - U.S. GoldMining Inc. focuses on the Whistler Gold-Copper Project, located 105 miles northwest of Anchorage, Alaska, covering approximately 53,700 acres [10]. - The project contains significant mineral resources, including over 1 billion pounds of copper, 3.93 million ounces of gold, and almost 19 million ounces of silver in the Indicated category [4][10]. Project Details - The Whistler Project is the closest large undeveloped gold-copper mineral deposit to Anchorage, benefiting from proximity to infrastructure such as highways and port facilities [5]. - The project has a mineral resource estimate of 294 million tonnes at 0.68 g/t AuEq for 6.48 million ounces AuEq Indicated, and 198 million tonnes at 0.65 g/t AuEq for 4.16 million ounces AuEq Inferred [10]. Market Context - Copper prices have increased approximately 14% over the past month and are up about 20% compared to the same time last year, which is favorable for the project [1]. - Recent U.S. federal initiatives aim to expedite permitting processes for mine development, enhancing the project's potential [2]. Strategic Advantages - The project aligns with U.S. critical mineral priorities, reducing dependence on imports from high-risk jurisdictions [5]. - U.S. GoldMining is positioned to benefit from a supportive climate of state and federal policies regarding responsible resource extraction in Alaska [5].