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SAGA Metals Showcases Radar Project as Potentially Comparable to China’s Panzhihua VTM Deposit
Globenewswire· 2025-07-16 12:30
Core Insights - SAGA Metals Corp. has reported significant advancements in its exploration campaign at the Radar Project in Labrador, Canada, indicating geological similarities to the Panzhihua VTM operation in China, which is responsible for over 40% of global vanadium production [1][2][22]. Exploration Results - The Radar Project features a large oxide layering thickness and a near-monomineralic VTM composition, suggesting its potential to become a globally significant VTM project [2][21]. - The drilling program involved 2,209 meters of drilling and 2,943 assay samples, revealing a highly prospective Lower Cumulate Layer with a vanadium-rich basal layer [4][5][18]. - The mineralogy of the Radar Project is noted to be cleaner and coarser than most VTM deposits, with vanadium content comparable to Panzhihua [3][12]. Geological Context - The Radar Property spans 24,175 hectares and is well-supported by existing infrastructure, including road access and a deep-water port [6][29]. - The Dykes River Intrusive Complex, which the Radar Project encompasses, is recognized for hosting significant titanium-vanadium-iron oxide-bearing deposits [7][21]. Drilling and Assay Data - The Lower Cumulate Layer has been identified with thicknesses ranging from 300 to 400 meters, with the highest V2O5 assays located in the lower 100-200 meters [10][23]. - Significant drill intersections have been recorded, with length-weighted average grades of VTM ranging from 22.95% to 29.59% [13][23]. Future Plans - SAGA Metals plans to conduct further delineation drilling and initiate metallurgical testing in 2025, aiming to establish the Radar Project as a strategic candidate for domestic titanium, vanadium, and pig iron production [27][30]. - The company aims to leverage its proximity to infrastructure and strong mineralogy to enhance its position in the critical minerals market [27][34].
CSE Bulletin: AMENDED - Fundamental Change - PowerStone Metals Corp./Libra Energy Materials Inc.
Newsfile· 2025-07-10 23:44
Company Overview - Libra Energy Materials Inc. is a Canadian mineral exploration company focused on discovering and developing critical minerals necessary for the green energy transition [3][5] - The company has several projects in Ontario, including Flanders North, Flanders South, and SBC, which are being explored under a $33 million earn-in deal with KoBold Metals Company [3][5] - Libra also owns 100% of the Toivo project in Ontario, adjacent to Soules Bay-Caron, as well as the Nemiscau and Wegucci projects in Quebec, Canada [3][5] Share Consolidation and Listing - Prior to the closing, the company completed a consolidation of its outstanding shares on the basis of 2.4966 pre-consolidation shares for every 1 post-consolidation share, with a record date of June 27, 2025 [1] - The common shares of Libra Energy Materials Inc. (LIBR), previously listed as PowerStone Metals Corp. (PS), have been approved for listing on the Canadian Securities Exchange (CSE) [1][4] - The trading date for the newly listed shares is July 10, 2025, with 57,445,634 securities issued and outstanding and 4,485,926 reserved for issuance [6] Team and Expertise - The Libra team consists of seasoned executives, engineers, and geoscientists with extensive experience in mining, mineral exploration, capital markets, asset management, energy, and First Nations engagement [3][5]
Euro Sun Mining Enters into Facility and Offtake Agreements; Changes Address
Globenewswire· 2025-07-10 22:40
Core Points - Euro Sun Mining Inc. has entered into a pre-development facility agreement with Trafigura Pte Ltd for a facility of up to US$2.5 million to support general corporate purposes while negotiating a larger US$200 million copper concentrates prepayment facility [1][2] - The CEO of Euro Sun expressed that this financing is a critical step in strengthening the company's financial foundation and advancing its strategic growth plans, particularly for the Rovina Valley copper-gold project [2] - The company has fully drawn down the US$2.5 million facility, with repayment due by June 30, 2027, and interest payable quarterly based on a market rate [3] - An offtake agreement has been established with the lender, allowing for offtake volumes of up to 100% of commercial production for nine years, ensuring continued rights to offtake volumes even after repayment of the facility [4] - The transactions related to the facility and offtake agreements are arm's length transactions as per Toronto Stock Exchange policies [5] - Euro Sun Mining has relocated its registered and head office to Vaughan, Ontario, aligning with its current leadership and operational focus [6] - Euro Sun is focused on the exploration and development of the Rovina Valley Project in Romania, which is the second largest copper and gold deposit in Europe and is expected to contribute to investment and job creation in the region [7]
SAGA Metals Confirms Significant Oxide Layering in the Northwest of the 100% owned Radar Titanium Project in Labrador, Canada
Globenewswire· 2025-07-08 13:00
Core Insights - SAGA Metals Corp. has confirmed significant oxide mineralization in the northwest section of its 100% owned Radar Titanium Property, building on historical drilling data from 1996 [1][3][20] Exploration and Geophysical Survey - The northwest zone of the Radar Property has shown promising results from a recent magnetic survey, indicating exceptional oxide layering with magnetic highs up to 55,000 nT [7][11] - Historical drilling in the area revealed high concentrations of iron oxide (Fe2O3) and titanium dioxide (TiO2), with notable samples showing 40.27% Fe2O3 and 7.73% TiO2 [2] - The geophysical results suggest that the oxide layering could extend significantly beyond the current 20 km inferred strike length [3][8] Project Overview - The Radar Property spans 24,175 hectares and is strategically located 10 km from Cartwright, Labrador, benefiting from robust infrastructure including road access and a deep-water port [4][20] - The Dykes River intrusive complex, which the Radar Property encloses, is recognized for its titanium-vanadium-iron rich layers, drawing comparisons to large AMCG-type intrusions [5][20] Drilling and Mineralization - The 2025 winter drill program has confirmed the presence of vanadiferous titanomagnetite with significant grades, including notable intercepts such as 20.2 meters grading 31.35% Fe, 6.32% TiO2, and 0.435% V2O5 [25] - Current drilling has only tested a fraction (1/40th) of the identified oxide layering zone, indicating substantial potential for further exploration [25] Infrastructure and Access - SAGA's ground crews have successfully cleared access trails to enhance logistical efficiency for exploration activities across the property [13][14] - The ongoing road maintenance and access trail construction aim to facilitate direct access to key exploration zones, improving overall exploration capacity [14]
Fathom Welcomes Former Noront Resources President and CEO, Alan Coutts to the Company's Board of Directors
Newsfile· 2025-07-08 11:45
Company Overview - Fathom Nickel Inc. has appointed Alan Coutts, former President and CEO of Noront Resources, to its Board of Directors, enhancing its leadership team with significant industry experience [1][4] - Coutts orchestrated the sale of Noront Resources to Wyloo Metals in 2022, a transaction valued at over C$650 million, marking it as the largest nickel acquisition in the past decade [1][2] Leadership Experience - Alan Coutts brings over 35 years of mining experience, having held senior management roles in various companies, including Xstrata Nickel and Noranda [2] - His expertise includes navigating complex permitting, financing, and exploration challenges, which will be beneficial for Fathom's projects [4] Project Portfolio - Fathom Nickel is focused on magmatic nickel sulphide discoveries to support the green energy transition and secure North American critical minerals [6] - The company has three high-quality exploration projects in Saskatchewan: 1. Albert Lake Project, over 90,000 hectares, previously hosted the Rottenstone Mine, which produced 28,724 tons at 3.3% Ni [8] 2. Gochager Lake Project, over 34,000 hectares, with a historic resource of 4.3 million tons at 0.295% Ni [8][11] 3. Friesen Lake Project, over 10,000 hectares, located near the historic Rottenstone Mine [8] Strategic Vision - Coutts sees potential in Fathom's properties, identifying them as hallmarks of an emerging nickel district, with favorable mining jurisdiction and identified nickel showings [4]
Updated national expectations for EPSO-G: priorities – green energy transition, interconnections, increasing resilience and security, and system flexibility
Globenewswire· 2025-07-03 13:10
Core Viewpoint - The EPSO-G energy group is set to enhance its responsibilities in facilitating the green energy transition, improving international interconnections, and ensuring the resilience and flexibility of the electricity system [1]. National Security - The Ministry of Energy emphasizes the importance of resilience in critical infrastructure, with plans to bolster physical and cyber protection against military and hybrid threats [2]. - EPSO-G is involved in the Lithuanian-German artillery factory project, indicating its role in national security and defense industry investments [3]. International Connections and Networks - Key projects include the Harmony Link electricity interconnection with Poland and strengthening interconnections with Latvia, as well as plans for the Baltic Hub offshore interconnection with Germany [4]. - There are expectations to increase gas flows from the Klaipėda LNG terminal to Central Europe and Ukraine, alongside developing a hydrogen network in the Nordic and Baltic regions [5]. Energy Green Transformation and System Flexibility - By 2028, Lithuania aims for at least 8 GW of electricity generation capacity from renewable sources, with EPSO-G expected to lead in integrating renewable energy and managing energy flows [7]. - The Group will assess dynamic transmission tariffs and explore long-term energy storage possibilities [7]. Financial Expectations - EPSO-G's adjusted average return on equity must meet or exceed government benchmarks, and investment returns should align with those of mature Western European economies [9]. - The Group is required to maintain an investment-grade credit rating of no lower than Baa2 and manage net debt to adjusted EBITDA ratios effectively [10]. Operational and Sustainability Principles - EPSO-G must adhere to high standards of transparency, governance, and social responsibility, following best practices as per Lithuanian laws and OECD recommendations [12]. - The Group is committed to achieving net-zero greenhouse gas emissions by 2050 and supporting the United Nations Sustainable Development Goals [13]. Company Structure - The EPSO-G Group comprises the management company EPSO-G and six subsidiaries, with the Ministry of Energy acting as the sole shareholder [14].
SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners
Globenewswire· 2025-06-30 13:00
Core Insights - SAGA Metals Corp. has appointed Peter Hogendoorn to its Board of Advisors, enhancing its strategic vision in critical minerals exploration [1][3] - The company has entered into an investor relations agreement with Xander Capital Partners to improve market awareness and shareholder engagement [4][5] Appointment of Peter Hogendoorn - Peter Hogendoorn brings over 30 years of experience in financing junior mining and technology companies, having founded Wrenswood Capital Corp. [2] - He successfully raised $16 million for the Sage Plains potash discovery well, noted as the richest in history [2] - Currently, he is the CEO of Sage Potash Corp., where he has advanced initial production plans of 150,000 tons per year [2] Strategic Vision and Comments - The CEO of SAGA Metals expressed excitement about Hogendoorn's appointment, highlighting his experience aligns with the company's mission to advance critical mineral projects, particularly the Radar Titanium project in Labrador [3] - Hogendoorn emphasized the opportunity for local job creation and wealth generation through the development of critical minerals, addressing import dependence in Western economies [3] Investor Relations Engagement - The agreement with Xander Capital Partners is for an initial period of 12 months, with the potential for extension [4] - Xander will provide services including brand awareness, introductions to industry partners, and digital marketing, for a monthly fee of USD $10,000 and 700,000 stock options [5][6] - Xander Capital Partners has a strong track record, having worked with public companies and is expected to elevate SAGA's capital markets profile [6] Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for the transition to green energy, with significant projects including the Radar Titanium Project and the Double Mer Uranium Project in Labrador [8][9] - The Radar Titanium Project spans 24,175 hectares and has confirmed a large mineralized layered mafic intrusion with strong titanium and vanadium grades [8] - The company also owns the Legacy Lithium Property in Quebec, expanded through the acquisition of the Amirault Lithium Project, covering a total of 65,849 hectares [10]
SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update
Globenewswire· 2025-06-26 13:00
Core Viewpoint - SAGA Metals Corp. has commenced its 2025 summer field program at the Radar Titanium Property in Labrador, Canada, focusing on critical mineral exploration, particularly titanium, vanadium, and iron [1][18]. Group 1: Field Program Initiation - Field crews arrived on site on June 17, 2025, and have started ground-based geophysical surveys to identify high-priority drill targets [2]. - The construction of an access trail along the 20 km strike extent of the Dykes River Intrusion oxide layering zone is underway, enhancing logistical efficiency [3][4]. Group 2: Infrastructure Development - The program includes clearing overgrown sections of a historic forestry road to facilitate access for trucks and heavy equipment [4]. - A 6-tonne excavator is currently in use, with a larger 25-tonne unit expected to complete the remaining clearing work and construct a new access trail [4][10]. Group 3: Geophysical Surveys - Targeted VLF-EM and magnetic surveys have defined drill targets for the maiden drill program over the Hawkeye zone, with current efforts focused on the Trapper zone [6]. - The survey employs a 25-meter station spacing along lines separated by 50 meters for detailed mapping of magnetic and conductive features [8]. Group 4: Geological Insights - The Radar Property, covering 24,175 hectares, is strategically located 10 km from Cartwright, Labrador, benefiting from excellent infrastructure [13]. - The Dykes River intrusive complex is noted for its titanium–vanadium–iron rich layers, drawing attention due to geological similarities to large AMCG-type intrusions [14]. Group 5: Drilling Program Highlights - The 2025 winter drill program has confirmed the presence of oxide layering and associated magnetic anomalies to depths of up to 300 meters [18]. - Notable intercepts from the drill program include 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ in hole HEZ-07 [18]. Group 6: Research Coverage Engagement - SAGA has engaged Alphabridge Group Inc. for equity research coverage for an initial term of one year, starting June 25, 2025, with a total consideration of $15,000 plus GST [16].
SAGA Metals Engages Paul McGuigan as its Qualified Person to Oversee Advancement of the Radar Ti-V-Fe Project in Labrador & Provides Corporate Update
Globenewswire· 2025-06-04 13:00
Core Viewpoint - SAGA Metals Corp. has appointed Paul McGuigan as the Qualified Person for the exploration and development of the Radar Ti-V-Fe Property in Labrador, leveraging his extensive experience in economic geology and mineral exploration management [1][2][3]. Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals that support the global transition to green energy, with key assets including the Double Mer Uranium Project and the Legacy Lithium Property [17][18][19]. - The company’s flagship Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics with samples as high as 0.428% U3O8 [17]. - The Legacy Lithium Property, developed in partnership with Rio Tinto, covers 65,849 hectares and shares geological continuity with other major players in the region [18]. Appointment of Qualified Person - Paul McGuigan, a Professional Geoscientist with 50 years of international experience, has been appointed as the Qualified Person for the Radar Ti-V-Fe Project [2][3]. - McGuigan has a strong background in economic geology, having led Cambria Geological Inc. for 37 years and worked on various feasibility-level projects [3][4]. Radar Ti-V-Fe Project Details - The Radar Property is 100% owned by SAGA and is located 10 km from Cartwright, Labrador, covering 24,175 hectares and benefiting from significant infrastructure [9]. - The Dykes River intrusive complex, part of the Radar Property, is recognized for its titanium-vanadium-iron rich layers and has geological similarities to large AMCG-type intrusions [10]. 2025 Winter Drill Program Highlights - The 2025 winter drill program has confirmed the presence of vanadiferous titanomagnetite, with notable intercepts including 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ [13]. - Drilling has demonstrated oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters, with current drilling testing just 1/40th of the identified 20 km strike extent [20]. Marketing Services Agreement - SAGA has entered into a marketing agreement with Maximus Strategic Consulting Inc. for a four-month period, with a fee of C$150,000 to promote the company and its projects [14][15].
SAGA Metals Reports Significant Final Drill Holes from the 2025 Winter Program at Radar Ti-V-Fe Property in Labrador
Globenewswire· 2025-05-29 06:00
Core Viewpoint - SAGA Metals Corp. has announced successful final drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Property, confirming the potential for significant mineralization in the area [1][2][18]. Drill Results Summary - The final three drill holes (HEZ-06, HEZ-02, HEZ-03) confirmed the presence of a highly mineralized zone with significant intercepts of vanadiferous titanomagnetite [2][9]. - HEZ-06 reported an intercept of 28 meters grading 20.11% Fe, 4.22% TiO₂, and 0.214% V₂O₅, while HEZ-02 and HEZ-03 reported grades of 12.40% Fe and 11.37% Fe respectively [6][15]. - The drilling program has confirmed the existence of oxide layering and associated magnetic anomalies to depths of up to 300 meters, covering only 1/40th of the identified 20 km strike extent of the oxide layering zone [15][18]. Geological Context - The Radar Property, covering 24,175 hectares, is strategically located near Cartwright, Labrador, benefiting from excellent infrastructure [16][21]. - The Dykes River intrusive complex is recognized for its titanium-vanadium-iron rich layers, which are advantageous for simplified metallurgical processing [17][18]. Next Steps - SAGA plans to conduct detailed ground geophysics over the main regional airborne magnetic anomalies and execute a high-resolution aeromagnetic survey to identify high-priority drilling targets [10][11]. - The company has initiated metallurgy and petrography analysis on core samples to assess recoverable vanadiferous magnetite and the quality of potential concentrates [12][18]. Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, including titanium, vanadium, and iron ore, which are essential for the green energy transition [21][23]. - The company also holds additional exploration assets in Labrador and has a partnership with Rio Tinto for lithium exploration in Quebec [22][23].