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Armory Mining Names Security Expert Phil Lancaster To Its Advisory Committee
Thenewswire· 2025-09-25 12:00
Core Insights - Armory Mining Corp. has appointed Phil Lancaster to its Advisory Team, enhancing its expertise in the security and defense sectors [1][5] - Lancaster brings over 22 years of experience in British law enforcement and diplomatic service, with a focus on VIP protection and international policing initiatives [2][3] - The company is strategically positioned to benefit from the increasing demand for critical minerals, particularly in light of the U.S. National Defense initiative to secure domestic antimony supply [6][7] Company Overview - Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors [8] - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek and Ammo antimony-gold projects located in British Columbia and Nova Scotia, respectively [8] Industry Context - The U.S. National Defense initiative has recently secured a contract worth up to US $245 million for antimony ingots, indicating a strong governmental push towards securing domestic supply chains for critical materials [5][6] - Geopolitical stress is driving the need for critical metals and materials to be sourced and developed within friendly jurisdictions, highlighting the importance of ethical supply chains [6][7]
US in Talks to Set Up $5 Billion Fund for Critical Mineral Deals
Yahoo Finance· 2025-09-16 12:35
Group 1 - The US is negotiating to establish a $5 billion fund for mining investments, marking a significant government initiative to enhance supplies of critical minerals [1][2] - The fund is proposed as a joint venture with New York-based Orion Resource Partners, with ongoing negotiations and no guarantee of a finalized deal [2][3] - The initiative aims to address concerns over supply chain vulnerabilities, particularly regarding critical minerals like copper, cobalt, and rare earths [4][5] Group 2 - The US International Development Finance Corporation (DFC) has previously approved various investments in the mining sector, including a $150 million loan to Syrah Resources Ltd. for a graphite mine in Mozambique [7] - Under the Biden administration, the DFC has committed over $550 million to improve railway infrastructure for mineral transport in Angola, indicating a strong focus on enhancing mining logistics [8] - Orion Resource Partners manages approximately $8 billion in assets and is involved in various financial activities within the mining industry, including private equity and commodity trading [9]
Patriot Battery Metals Announces Proposed Name Change to PMET RESOURCES
Prnewswire· 2025-09-15 21:00
Core Viewpoint - Patriot Battery Metals Inc. is rebranding to PMET Resources Inc. to reflect its evolution into a diversified global critical minerals company, focusing on supplying critical minerals to North American and European markets [2][3][4]. Company Name Change - The company will change its name to PMET Resources Inc. in English and « Ressources PMET Inc. » in French, while retaining existing trading symbols on the Toronto Stock Exchange and Australian Securities Exchange [1][4]. Project Development - The Shaakichiuwaanaan Project in Canada is advancing with the imminent completion of the Feasibility Study and ongoing progress in permitting and stakeholder engagement [2][4]. Brand Evolution - The new tagline will shift from "North America's lithium powerhouse" to "North America's critical-mineral powerhouse," highlighting the project's broader mineral resources, including tantalum, caesium, and gallium [3][4]. Mineral Resource Details - The Shaakichiuwaanaan Project hosts the world's largest pollucite-hosted caesium pegmatite Mineral Resource, with 0.69 million tonnes at 4.40% Cs2O (Indicated) and 1.70 million tonnes at 2.40% Cs2O (Inferred) [5]. - The project also has a Consolidated Mineral Resource totaling 108.0 million tonnes at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga (Indicated), and 33.4 million tonnes at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga (Inferred) [5]. Leadership Statement - The President and CEO, Ken Brinsden, emphasized the timing of the rebranding and the new logo, which symbolizes the mineral components and the collaboration of the three cultures involved in the project [4]. Trading and Compliance - The name change will take effect on September 18, 2025, on the Toronto Stock Exchange and September 19, 2025, on the Australian Securities Exchange, with no consolidation of share capital required from shareholders [4].
Fathom Nickel Expands the Gochager Lake Property and Announces Delay of Summer Field Exploration
Newsfile· 2025-06-11 11:45
Core Viewpoint - Fathom Nickel Inc. has expanded the Gochager Lake Property by adding 10,519.43 hectares, bringing the total area to 34,409.34 hectares, while the planned summer field exploration has been delayed due to wildfires in Saskatchewan [2][4]. Company Update - Fathom Nickel is hosting a live update webinar for shareholders and stakeholders on June 11, 2025 [2]. - The company has expanded the Gochager Lake Property through direct staking with the Government of Saskatchewan [2]. Property Expansion Details - The expansion includes three contiguous mineral dispositions totaling 10,519.43 hectares [4]. - The Gochager Lake Property now consists of 39 contiguous mineral claims [4]. - The new staking covers known nickel-copper occurrences and gold occurrences, as well as potential extensions of the Borys Lake VMS-style trend [4]. Exploration Plans - The planned field exploration at Gochager Lake has been postponed due to wildfire conditions in the La Ronge area [4]. - Fathom intends to commence the field exploration later in the summer when conditions allow [4]. Geological Insights - The Gochager Lake Property hosts the historic Gochager Lake deposit, with a re-interpretation of a 2008 VTEM™ survey identifying a prospective structural corridor known as the "Gochager Trend" [5]. - The 2008 VTEM™ survey highlights complex conductors along the Gochager Trend [5]. - Fathom's analyses confirm that the mineralization at Mal Lake is analogous to the Gochager Lake deposit [5]. CEO Statement - The CEO of Fathom Nickel emphasized the potential of the Gochager Lake Property, highlighting not only nickel-copper-cobalt but also the importance of gold opportunities in Saskatchewan [6]. - The recent property expansion was motivated by an evolving understanding of the area and the potential for additional magmatic nickel sulphide deposits [6]. Additional Geological Data - The newly staked claims report multiple occurrences of anomalous Ni-Cu-Zn in bedrock and gold up to 2.68 g/t Au associated with shear-hosted quartz veins [7].