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Search Minerals Announces Amended Terms for Non-Brokered Private Placement Financings
Newsfile· 2025-10-10 11:55
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - October 10, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce that it has amended the terms of its previously announced non-brokered private placement financings for gross proceeds of up to $993,847. Under the amended terms for the financings, the Company has increased the price for its hard-dollar private placement from $0.25 per share to $0.33 per share, such that the financings now consist of the f ...
Emperor Metals Announces Closing of $10 Million LIFE Offering
Newsfile· 2025-10-09 14:11
Edmonton, Alberta--(Newsfile Corp. - October 9, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor Metals" or the "Company"), a mineral exploration and development company focused on Quebec's Southern Abitibi Greenstone Belt, is pleased to announce the closing of its previously announced "best efforts" private placement for aggregate gross proceeds of approximately $9,943,000 (the "Offering"). Pursuant to the Offering, the Company issued (i) 14,714,999 units of the Company (the "Co ...
Search Minerals Announces Non-Brokered Private Placement Financings
Newsfile· 2025-09-24 18:17
Core Viewpoint - Search Minerals Inc. is planning to conduct non-brokered private placement financings for gross proceeds of up to $993,847 to support its exploration projects in Labrador [1][2]. Financing Details - The financings include a charity flow-through unit private placement of up to 1,487,694 units at a price of $0.50 per unit, aiming for gross proceeds of up to $743,847 [2]. - Additionally, a hard-dollar private placement of up to 1,000,000 common shares at a price of $0.25 per share is planned, targeting gross proceeds of up to $250,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant, with each whole warrant exercisable at $0.65 for 24 months [2]. Use of Proceeds - Gross proceeds from the charity flow-through financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, which qualify for the Critical Mineral Exploration Tax Credit [3]. - Net proceeds from the hard-dollar financing will be utilized for working capital and general corporate purposes [3]. Regulatory Approvals - The financings are subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange, with no assurance that they will be completed [4]. Securities Information - The securities issued will be subject to a hold period of four months and one day from the closing date, in accordance with applicable securities laws [5]. - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [6]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador, controlling two deposits and several prospects [7]. - The company also holds additional CREE assets in the Red Wine CREE District of central Labrador, including drill-ready deposits and prospects [8].
Enduro Metals Announces Increase to Non-Brokered Private Placement and Closes First Tranche
Newsfile· 2025-08-19 18:26
Core Points - Enduro Metals Corporation has closed the first tranche of a non-brokered private placement, raising total gross proceeds of $2,730,477.43 and increasing the overall placement size to up to $3.5 million [1][4] Group 1: Private Placement Details - The first tranche included the issuance of 1,945,825 flow-through shares at a price of $0.185 per share and 15,803,332 non flow-through units at a price of $0.15 per unit [2] - Each non flow-through unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at a price of C$0.22 until August 19, 2027 [3] - Proceeds from the non flow-through units will be used for general working capital, while proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses related to the Newmont Lake project [4] Group 2: Use of Proceeds and Tax Implications - The company will renounce qualifying expenditures by December 31, 2025, in an amount not less than the total gross proceeds raised from the issuance of the flow-through units, with expenses to be incurred by December 31, 2026 [5] - The company paid finders fees totaling $91,694.99 in cash and issued 599,741 finder's warrants to qualified parties [6] Group 3: Management Participation - Key executives, including the CEO and President, participated in the offering by purchasing flow-through shares and non flow-through units, which constitutes a related party transaction [7] Group 4: Company Overview - Enduro Metals is focused on the Newmont Lake Project, a 688 km² property located in British Columbia's Golden Triangle, with multiple deposit environments of interest identified [10]
Pacific Ridge Announces Brokered Private Placement for Gross Proceeds of up to C$4 Million
Newsfile· 2025-08-18 11:00
Core Viewpoint - Pacific Ridge Exploration Ltd. has announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$4,000,000 through the sale of Units and Flow-Through Units for exploration and working capital purposes [1][4]. Offering Details - The Offering will consist of Units priced at C$0.20 and Flow-Through Units priced at C$0.23, with gross proceeds expected to be C$3,000,000 and C$1,000,000 respectively [8]. - Each Unit includes one common share and one common share purchase warrant, while each Flow-Through Unit consists of one flow-through share and one warrant [1][2]. Use of Proceeds - The net proceeds from the Offering will be allocated for continued drilling at the RDP copper-gold project and a restart of drilling at the Kliyul copper-gold project, along with general working capital [4]. Regulatory Compliance - The Offering will comply with applicable regulatory requirements and will be offered to purchasers in specific Canadian provinces, with potential offerings in the U.S. under certain exemptions [6][11]. Closing Date - The Offering is anticipated to close on or about August 29, 2025, subject to necessary regulatory approvals [10]. Company Background - Pacific Ridge aims to become a leading copper exploration company in British Columbia, with key projects including Kliyul and RDP, among others [12].
Enduro Metals Announces C$2 Million Private Placement
Newsfile· 2025-07-16 11:45
Core Viewpoint - Enduro Metals Corporation is proposing a non-brokered private placement to raise up to C$2 million for exploration and development of its Newmont Lake project in British Columbia [1][2]. Group 1: Offering Details - The Offering will consist of non-flow-through units (NFT Units) priced at C$0.15 each and flow-through shares (FT Shares) priced at C$0.185 each [1]. - Each NFT Unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.22 for 24 months [3]. - The Offering is expected to close on or before August 7, 2025, subject to regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to the exploration and development of the Newmont Lake project, which spans 688 km² in British Columbia's Golden Triangle, as well as for general corporate purposes and working capital [2][8]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses, which will qualify as flow-through mining expenditures [6]. Group 3: Securities Offering - The Offered Securities will be available in Canadian provinces and to eligible purchasers in other jurisdictions, provided no prospectus filing is required [4]. - In the United States, the Offered Securities will be sold to Qualified Institutional Buyers and accredited investors under exemptions from registration requirements [5]. Group 4: Finder's Fees - The Company may pay finder's fees to third parties, consisting of a cash fee equal to 6% of gross proceeds and finder's warrants equal to 6% of the NFT Units and FT Shares sold [7].
Blue Star Announces $2M Non-Brokered Private Placement
Newsfile· 2025-07-11 23:00
Core Viewpoint - Blue Star Gold Corp. plans to raise up to $2,000,000 through a non-brokered private placement, subject to TSX Venture Exchange approval, by issuing flow-through units and regular units at specified prices [1][4]. Group 1: Private Placement Details - The private placement will consist of up to 3,333,333 flow-through units at $0.15 each and up to 10,714,285 units at $0.14 each [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, while each unit consists of one common share and one-half of a common share purchase warrant [2][3]. - The warrants allow the holder to acquire one additional share at a price of $0.20 for one year following the closing date of the private placement [3]. Group 2: Use of Proceeds - Proceeds from the sale of units will be allocated for general working capital, while proceeds from flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Nunavut [4]. - The company will renounce qualifying expenditures by December 31, 2025, amounting to at least the total gross proceeds raised from the issuance of flow-through units [5]. Group 3: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [6]. - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources and numerous exploration targets [6]. - The future deep-water port at Grays Bay is located 40-100 km north of the properties, enhancing logistical advantages for the company's projects [6].
Hi-View Resources Announces Flow Through Financing to Explore Toodoggone
Thenewswire· 2025-07-10 12:30
Core Viewpoint - Hi-View Resources Inc. is conducting a non-brokered private placement offering of 4,000,000 flow-through units at a price of C$0.105 per unit, aiming for gross proceeds of up to C$420,000 to fund exploration activities in Canada [1][3]. Group 1: Offering Details - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.30 for 36 months [2]. - The gross proceeds will be allocated to eligible Canadian exploration expenses, specifically for the Toodoggone Projects in British Columbia [3][4]. - A finder's fee of up to 10% may apply, and all securities issued will be subject to a hold period of four months and one day [4]. Group 2: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region, with properties covering 9,749 hectares [8]. - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades, indicating strong exploration potential [8].
Onyx Announces Closing of $8 Million Financing and Increases Non-Brokered Offering with Strategic Investors
Newsfile· 2025-05-22 14:33
Core Viewpoint - Onyx Gold Corp. has successfully closed an $8 million financing through a private placement, which includes two tranches of flow-through shares aimed at funding Canadian exploration expenses related to its projects in Ontario and Yukon [1][3][9]. Financing Details - The financing consists of a "bought deal" private placement totaling $8,038,000, which includes the issuance of 5,000,000 common shares at $1.00 each for Tranche 1, generating $5 million, and 3,100,000 common shares at $0.98 each for Tranche 2, generating $3,038,000 [1][2]. - The offering was led by Cormark Securities Inc. and Agentis Capital Markets, with a cash commission of 6% on gross proceeds amounting to $482,280 [2]. Use of Proceeds - The proceeds from both tranches will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" on or before December 31, 2026, with renouncement of these expenditures to subscribers effective December 31, 2025 [3][11]. - The Tranche 1 shares will also qualify for the "Ontario focused flow-through share tax credit" [3]. Non-Brokered Private Placement - In addition to the above, the company announced a $3 million non-brokered private placement with strategic investors, which will now include a second tranche of flow-through shares, potentially raising up to $5.39 million in total [9][10]. - The first tranche of the non-brokered private placement is expected to close around May 29, 2025, while the second tranche is anticipated to close around June 6, 2025 [12][13]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including high-grade mineralization properties [16].
Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric Sprott
Newsfile· 2025-05-15 20:53
Core Viewpoint - Tudor Gold Corp. has announced an upsized financing deal totaling $14.95 million, including the full exercise of the over-allotment option, with participation from Eric Sprott [2][3]. Financing Details - The financing consists of approximately $11.3 million from a Prospectus Offering and about $3.65 million from a Private Placement Offering [2]. - The Offered Securities include 10,158,045 non-flow-through units priced at $0.50 each, 8,333,500 flow-through units for charitable purchasers at $0.75 each, and 6,034,752 flow-through units at $0.60 each [5][6]. Use of Proceeds - Net proceeds from the sale of non-flow-through units will be allocated for working capital and general corporate purposes [6]. - Gross proceeds from flow-through units will be directed towards exploration expenses on the Treaty Creek property in British Columbia [6][7]. Closing and Regulatory Approval - The Offerings are expected to close around May 29, 2025, pending necessary approvals, including from the TSX Venture Exchange [4][10]. Agent Compensation - Agents involved in the Offerings will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of Offered Securities sold [10]. Company Overview - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, with significant interests in the Treaty Creek project [12].