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Copper Quest Partners with ExploreTech for AI-Driven Resource Exploration and Development
Globenewswire· 2025-12-01 13:00
Core Insights - Copper Quest Exploration Inc. has formed a strategic partnership with Exploration Technologies Inc. to utilize generative artificial intelligence for its Kitimat Copper-Gold Project in British Columbia [1][3] - The initial work program at Kitimat has been completed, enhancing the geological understanding based on historical data and new field observations [1][6] Company Overview - Copper Quest is focused on developing its North American Critical Mineral portfolio, which includes five projects covering over 40,000 hectares [29][30] - The company aims to create shareholder value through project acquisition, exploration, and development [29] Partnership with ExploreTech - ExploreTech's technology integrates various geological data types into a 3D framework, generating numerous subsurface model scenarios to optimize drilling plans for copper-gold targets [2][26] - The partnership will initially focus on the Kitimat Copper-Gold Project, leveraging AI to enhance exploration efficiency [3][17] Kitimat Project Details - The Kitimat project has historical exploration dating back to the late 1960s, with significant drilling conducted by Decade Resources Ltd. in 2010, totaling 4,437.5 meters across 16 diamond holes [9][19] - Recent fieldwork has indicated the presence of a large altered intrusive system, consistent with a productive porphyry environment [8][12] Historical Drilling Results - Notable drill intervals from 2010 include: - Hole J-7: 117.07 m at 1.03 g/t Au and 0.54% Cu - Hole J-1: 103.65 m at 1.00 g/t Au and 0.55% Cu - Hole J-2: 107.01 m at 0.80 g/t Au and 0.45% Cu - Hole J-8: 112.20 m at 0.41 g/t Au and 0.33% Cu - These results suggest that mineralization remains open at depth and may extend laterally beyond the drilled area [19][27] Next Steps in Exploration - The company plans to deliver historical datasets to ExploreTech, initiate AI-driven modeling, and integrate new geochemical results from 2025 [20] - The exploration and drilling program for 2025-2026 will be finalized based on the outcomes of the AI analysis [20] Market Context - Global copper demand is increasing due to electrification, electric vehicles, and renewable energy, while supply is constrained by declining grades and limited new discoveries [27] - Copper Quest is strategically positioned to contribute to the next generation of copper and critical mineral discoveries in stable jurisdictions like Canada [27]
Purepoint Uranium Increases Flow-Through Private Placement to $5,000,000
Newsfile· 2025-08-15 10:30
Core Viewpoint - Purepoint Uranium Group Inc. has increased its non-brokered private placement offering size from $3,000,000 to $5,000,000 due to strong investor demand [1] Group 1: Offering Details - IsoEnergy Ltd. intends to invest $1,000,000 in support of Purepoint's financing efforts [2] - The offering will include warrants allowing holders to purchase common shares at an exercise price of $0.50 per share for 24 months [2] - The gross proceeds will be used for Canadian Exploration Expenses related to the exploration program in the Athabasca Basin [4] Group 2: Regulatory and Compliance - IsoEnergy's participation is considered a "related party transaction" under MI 61-101, as it holds 10.6% of Purepoint's common shares [3] - The company is exempt from obtaining a formal valuation or minority shareholder approval for IsoEnergy's participation [3] - A material change report will be filed regarding IsoEnergy's participation less than 21 days before the offering closes [3] Group 3: Offering Structure - The offering includes Saskatchewan flow-through units priced at $0.65, national flow-through units at $0.59, and traditional flow-through units also at $0.59 [8] - Each unit consists of one common share and one warrant [8] Group 4: Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration in the Athabasca Basin, partnering with industry leaders like Cameco Corporation and Orano Canada Inc. [6] - The company also holds a promising VHMS project adjacent to Foran Corporation's McIlvena Bay project [7]