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Wilton Resources Inc. Announces Private Placement Financing
Newsfile· 2025-10-09 02:34
Core Viewpoint - Wilton Resources Inc. plans to issue units through a non-brokered private placement at a price of $0.35 per unit, aiming for gross proceeds of up to $850,000, primarily for corporate purposes and to acquire an international oil and gas property [1][4]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.45 for 12 months [2]. - The offering is subject to regulatory approvals, including from the TSX Venture Exchange (TSXV), and the offering price and exercise price may change [4]. - The common shares and warrants will have a statutory hold period of four months plus one day from the closing date [4]. Group 2: Insider Participation and Related Transactions - Certain insiders of the corporation may participate in the offering, which will be considered a related party transaction under Multilateral Instrument 61-101 [5]. - The corporation intends to rely on exemptions from formal valuation and minority approval requirements based on the fair market value of the offering not exceeding 25% of its market capitalization [5]. Group 3: Approval and Governance - The offering was unanimously approved by the corporation's board of directors [6].
Aya Gold & Silver (OTCPK:AYAS.F) 2025 Earnings Call Presentation
2025-10-08 15:20
Unlocking silver growth in Morocco INVESTOR PRESENTATION OCTOBER 2025 TSX: AYA | OTCQX: AYASF Forward-Looking Statements The Zgounder Expansion Feasibility Study ("FS") is based on a technical report entitled "NI43-101 TECHNICAL REPORT – FEASIBILITY STUDY ZGOUNDER EXPANSION PROJECT", originally dated March 31, 2022, and amended on June 16, 2022 with an effective date of December 13, 2021 (the "Zgounder Report") which was prepared under the supervision of Daniel M. Gagnon, DRA, with the participation of Will ...
Wallbridge Receives $4.7M of Quebec Refundable Investment Tax Credits
Globenewswire· 2025-10-08 12:51
TORONTO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it received $4.7 million of cash refunds with respect to its 2024 Quebec Tax Credit Relating to Resources (“TCRR”) that were claimed on its 2024 Quebec income tax return. The government of Quebec supports mineral exploration within the province. One incentive that Wallbridge is entitled to receive is a tax credit that refunds a portion of eligible e ...
Bocana Resources Corp. Extends Letter of Intent on Arizona Mining Claims for Additional Due Diligence
Globenewswire· 2025-10-06 11:00
CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ("Bocana" or the "Company"), further to the press release dated August 11, 2025, August 18, 2025, and September 4, 2025, and in connection with the due diligence efforts of the Company, LP Associates, LLC (“LPA”) has agreed to provide Bocana with an additional ninety (90) day time period to the original Letter of Intent (“LOI”). This provides Bocana with time to expand the scope of the sampling and assay ...
CORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing
Businesswire· 2025-09-29 14:32
Core Viewpoint - Lomiko Metals Inc. announces a private placement to raise up to $800,000 through the issuance of 8,000,000 units at a price of C$0.10 per unit, aimed at funding engineering studies and strategic initiatives for the La Loutre graphite project [1][2]. Financing Details - The private placement will consist of 8,000,000 units, each comprising one common share and one-half common share purchase warrant, exercisable for three years at $0.15 [1]. - The total gross proceeds from the offering are expected to be up to $800,000 [1]. Use of Proceeds - Proceeds will be allocated to pre-feasibility engineering studies for the La Loutre natural flake graphite deposit, baseline data collection, bulk sampling, anode piloting, and general working capital [2]. - The engineering studies will involve independent consultants to assess geology and project potential, aiming to select an optimal production model that mitigates environmental and social risks [2]. Regulatory Compliance - All securities issued will be subject to a hold period of four months and one day from the issuance date, and the financing is contingent upon receiving necessary regulatory approvals, including from the TSXV [3]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development located in southern Quebec, covering 4,528 hectares [4]. - The La Loutre project is situated within the territory of the Kitigan Zibi Anishinabeg First Nation and consists of one large block with 76 mineral claims [4]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre project indicates 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [6][7]. - The estimate includes 3.0 million tonnes of graphite and reflects results from a 2022 drilling campaign that significantly increased the Indicated Mineral Resources [7]. Additional Projects - The company also has interests in seven early-stage projects in southern Quebec, covering a total of 18,622 hectares [8].
Luca Mining Announces Grant of Stock Options and Restricted Share Units
Prnewswire· 2025-09-18 19:28
Dan Barnholden, Chief Executive Officer For more information, please visit: www.lucamining.com Cautionary Note Regarding Forward-Looking Statements It should be noted that Luca declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be cautioned that Luca's production decision has been made without a comprehensive feasibility study of established reserves such that there is greater ...
Lion Rock Resources Closes $5.3M Financing
Newsfile· 2025-09-15 18:10
Group 1 - Lion Rock Resources Inc. has closed a non-brokered private placement of 26,585,281 units at a price of $0.20 per unit, resulting in total gross proceeds of $5,317,056 [1] - Each unit consists of one common share and one non-transferable share purchase warrant, with the warrant allowing the holder to acquire an additional common share at $0.30 until September 15, 2027 [1] - The warrants will expire if the common shares trade at $0.40 or more for five consecutive trading days, subject to the company's discretion [1] Group 2 - The common shares and warrants are subject to a hold period and cannot be traded until January 16, 2026, except as permitted by applicable securities legislation [2] - Proceeds from the placement will be used for payment obligations and work programs related to the Volney Project, as well as for general working capital [2] Group 3 - Lion Rock Resources Inc. is a Canadian mineral exploration company focused on high-grade gold and lithium projects in North America, with its flagship asset being the Volney Project located in South Dakota [5] - The company is led by a team with a proven track record in mineral discoveries, project development, and financing [5]
Basin Uranium Announces Shareholder Approval for Plan of Arrangement with Nexus Uranium
Newsfile· 2025-09-04 18:47
Core Viewpoint - Basin Uranium Corp. has received overwhelming shareholder approval for its plan of arrangement with Nexus Uranium Corp. and Blade Resources Inc., indicating strong support for the transaction [1][3]. Group 1: Arrangement Details - Under the arrangement, Nexus will acquire all issued and outstanding shares of Basin for approximately 1.1 Nexus shares and 0.11 Spinco shares for each Basin share [2]. - Each outstanding warrant and stock option of Basin will allow holders to receive Nexus shares equivalent to what they would have received under the arrangement [2]. Group 2: Shareholder Participation - A total of 3,840,762 shares were represented at the meeting, accounting for 14.07% of the 27,300,679 issued and outstanding shares entitled to vote [3]. - The arrangement required at least two-thirds (66⅔%) approval, with 99.59% of the votes cast in favor of the arrangement [3]. Group 3: Next Steps and Expectations - The company will seek a final order from the Supreme Court of British Columbia to approve the arrangement on September 9, 2025 [4]. - Completion of the arrangement is subject to customary closing conditions, and shares are expected to be delisted from the Canadian Securities Exchange following the arrangement [4]. Group 4: Company Overview - Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector, with five advanced-stage uranium projects in the United States and one in Canada [5].
Viva Gold Announces Stock Option Grant
Thenewswire· 2025-09-03 00:00
  VANCOUVER, BC – September 2, 2025 – TheNewswire - Viva Gold Corp. (TSX-Venture: VAU; OTCQB: VAUCF) (the “Company” or “Viva”) announces that it has granted, pursuant to its stock option plan, a total of 3,250,000 stock options to directors, officers and consultants. The incentive stock options have an exercise price of C$0.12 per share and expire three years after the grant date. The vesting schedule is as follows: 50% of the options vest immediately and the remaining options vest 25% of the total grant, ...
Upcoming Guidance and Costerfield and Björkdal Clarification
Globenewswire· 2025-08-18 08:03
Core Viewpoint - Alkane Resources Limited is preparing to release Production Guidance for FY2026 and the Annual Resources and Reserves Statement following the merger with Mandalay Resources Corporation, with expectations to provide updates in September 2025 [3][4]. Production Results - The company has announced consolidated production results for FY2025, detailing production from its Costerfield and Björkdal projects, including metal equivalents calculations [2][6]. - Costerfield produced a total of 143,219 tonnes of ore mined with an average gold grade of 9.54 g/t and an antimony grade of 0.75 tonnes for the year [10][11]. - Björkdal mined 910,663 tonnes of ore with an average gold grade of 1.36 g/t, and milled 1,400,734 tonnes of ore with a head grade of 1.09 g/t [10][11]. Revenue and Costs - Costerfield generated a revenue of US$136.842 million for FY2025, while Björkdal contributed US$128.081 million [10][11]. - The cost of sales excluding depreciation and depletion for Costerfield was US$49.478 million, and for Björkdal, it was US$67.268 million [10][11]. Mine Life Information - The company has retracted previously reported mine life information for Costerfield and Björkdal, clarifying that the estimates were based on foreign mineral reserves and not compliant with the JORC Code [7][8][9]. - Future releases will not include such mine life information to avoid misinterpretation as production targets [9]. Resource and Reserve Estimates - Alkane is converting mineral resources and reserves estimates from NI 43-101 to JORC Code compliance for Costerfield and Björkdal, aiming to include these in the 2026 Annual Resources and Reserves Statement [5]. Company Overview - Alkane Resources operates three mines in Australia and Sweden, focusing on gold and antimony production, and is positioned for further growth with a strong balance sheet [12][13].