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Integral Metals Upsizes Private Placement to up to C$3M
Globenewswire· 2025-10-14 12:00
Core Points - Integral Metals Corp. has increased its private placement offering from gross proceeds of C$2,000,000 to C$3,000,000 at a price of C$0.80 per Unit, which includes one common share and one share purchase warrant [1] - Each warrant allows the holder to acquire one share at a price of C$0.95 for a period of 24 months [1] - The net proceeds from the offering will be used for exploration activities, working capital, and general corporate purposes, including investor relations [2] Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals such as gallium, germanium, and rare earth elements, aiming to contribute to a domestic supply chain for these minerals [4] - The company holds properties in mining-friendly jurisdictions in Canada and the USA, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for exploration efforts [4] Offering Details - The offering is subject to regulatory approvals, including that of the Canadian Securities Exchange, and is expected to close on or about October 23, 2025 [2][8] - All securities issued will be subject to a four-month and one-day hold period [2]
US Government Takes 10% Stake In Lithium Americas
ZeroHedge· 2025-10-01 02:10
Trump's Industrial Economy policies just took down their latest scalp, so to speak. One week after Bloomberg reported that the White House was considering a 10% stake in one of the largest North American lithium mining companies, Lithium Americas, on Tuesday afternoon, the US government agreed to acquire a stake in the company, Secretary of Energy Chris Wright said Tuesday on Bloomberg TV, giving a boost to the Canadian company as it develops its Thacker Pass lithium project in Nevada.The deal is the Trump ...
Terrestrial Energy Opens North Carolina Headquarters, Advancing U.S. Leadership in Generation IV Reactor Development
Globenewswire· 2025-09-04 12:00
Core Insights - Terrestrial Energy is advancing the commercialization of its Integral Molten Salt Reactor (IMSR) technology to provide high-temperature, clean, and flexible energy solutions for various sectors, including industrial, data centers, and grid power [1] - The company has opened a new corporate headquarters in Charlotte, North Carolina, marking a significant milestone in its growth and commitment to U.S. nuclear supply chains [2][5] - Terrestrial Energy's strategy includes a domestically-secured supply chain and the use of Standard-Assay Low Enriched Uranium (LEU) fuels, distinguishing it from competitors relying on High-Assay Low-Enriched Uranium (HALEU) [4] Company Developments - The new headquarters will facilitate the development of IMSR plants and strengthen the company's leadership in the U.S. advanced nuclear reactor sector [5] - Terrestrial Energy is collaborating with Siemens for sourcing key electric power components, which enhances its supply chain capabilities [4] - The company has achieved a critical materials testing milestone in partnership with NRG PALLAS and signed a memorandum of understanding with Ameresco, Inc. to develop hybrid energy systems [5] Market Positioning - Terrestrial Energy's focus on a U.S.-anchored supply chain mitigates trade uncertainties and reduces reliance on foreign suppliers, positioning the company to leverage America's nuclear ecosystem [3] - The IMSR technology is designed for distributed supply of zero-carbon, reliable, and low-cost energy, extending nuclear energy applications beyond traditional electric power markets [6] - The company aims to build, license, and commission its first IMSR plants in the early 2030s, indicating a long-term growth strategy in the nuclear energy sector [6]
Integral Metals Announces Completion of 2025 Drilling at the KAP Project
Globenewswire· 2025-09-02 12:00
Core Insights - Integral Metals Corp. has successfully completed its 2025 diamond drilling program at the KAP Project in the Northwest Territories, aiming to enhance understanding of mineralization and evaluate broader potential [1][2][3] Company Overview - Integral Metals is an exploration stage company focused on critical minerals such as gallium, germanium, and rare earth elements, with the goal of contributing to a domestic supply chain for these minerals [6] Drilling Program Details - The drilling program tested key areas of the Main Showing and extended into new zones, following up on historical results to improve understanding of mineralization geometry and continuity [2] - The completed holes are expected to provide valuable information for ongoing exploration and future drill targeting [2][3] Operational Updates - With drilling complete, the company has begun demobilization of crews and equipment, and winterization of the camp is underway for a safe seasonal shutdown [3] - The CEO of Integral Metals, Paul Sparkes, highlighted the program as a major milestone and expressed anticipation for sharing more details once data is compiled and analyzed [3] Future Plans - Integral Metals will provide further updates as assay results become available and a comprehensive technical review is completed [3]
Integral Metals Reports Monazite-Dominant REE Mineralization at Woods Creek
Globenewswire· 2025-05-06 07:05
Core Insights - Integral Metals Corp. has reported promising results from detailed mineralogical analysis indicating the presence of rare earth elements (REEs) primarily hosted in monazite and allanite, with potential for niobium mineralization and gallium fertility [1][3][4] Group 1: Mineralogical Analysis - The QEMSCAN analysis confirmed that monazite is the dominant host for critical light rare earth elements (LREEs) such as cerium, lanthanum, neodymium, and praseodymium, with sample CK-21a showing monazite accounting for 85% of neodymium and 83.7% of praseodymium [3] - Niobium was found to be hosted in columbite, particularly in sample CK-12, where columbite comprises over 99% of the total niobium content, with ilmenorutile also present as a secondary host [3] Group 2: Exploration Efforts - The 2024 reconnaissance program involved mapping and sampling carbonatite dikes, with over 60 rock samples collected, and three samples selected for mineralogical characterization due to elevated Total Rare Earth Oxides (TREO) [2] - A second batch of 40 samples is currently undergoing analysis, with plans to expand the sampling scope to include weathered and altered lithologies to evaluate the full extent of REE and gallium enrichment [4] Group 3: Company Overview - Integral Metals Corp. is focused on mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to the development of a domestic supply chain for these minerals [8] - The company holds properties in mining-friendly jurisdictions in Canada and the United States, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for its exploration efforts [8]