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First American Uranium Discovers New Pegmatite Outcrop During Site Visit; Confirms 27 km of Prospective Nb-REE Trends at Seigneurie, Quebec
Globenewswire· 2025-10-29 11:30
Core Insights - First American Uranium Inc. has successfully completed a site visit to its Seigneurie Property in Quebec, confirming previous exploration work and ongoing field programs [1][2] - A new pegmatite outcrop was discovered, extending the known footprint of the potentially mineralized niobium and rare earth element (Nb-REE) system [2][4] - The property has over 27 kilometers of prospective trends identified, indicating strong potential for further exploration [4][6] Exploration Findings - The site visit revealed a pegmatite outcrop with a minimum width of 4 meters, containing quartz, feldspar, biotite, and magnetite [2][4] - Geological interpretations have outlined approximately 27 kilometers of prospective trends, which align with favorable geological settings for niobium and rare earth element mineralization [4][6] - The geological continuity and scale of the mineralized system are encouraging for follow-up work [6] Management Commentary - The CEO expressed confidence that the Seigneurie Property could become a significant niobium and rare earth element project in North America, highlighting the scale of the mineralized system and the new pegmatite discovery [6] - The Technical Advisor noted the strong potential for niobium and rare earths, with historical interpretations suggesting a width of at least 50 meters [6] Next Steps - The company's field teams will continue mapping, sampling, and prospecting throughout the fall, with results to guide the next phase of exploration [7] Strategic Advantages - The Seigneurie Property benefits from excellent infrastructure access, being located near the St. Lawrence River and crossed by Hydro-Québec power lines, which supports future exploration and development activities [8] Company Overview - First American Uranium Inc. focuses on the acquisition and development of precious, base, and critical mineral assets, with properties that include exposure to rare earth elements, niobium, and nickel-copper occurrences [9]
Metal Energy Updates on Highland Valley Exploration Program
Newsfile· 2025-10-08 10:00
Highlights:Infill and reconnaissance geophysical surveys planned at Highland Valley.Metal Energy to leverage historical IP surveys to cost effectively focus and rank exploration targets.9-month extension to all Highland Valley acquisition milestone payments.Toronto, Ontario--(Newsfile Corp. - October 8, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to provide an update on its exploration plans at its Highland Valley Project ("Highland Valley" or the "Pr ...
Grizzly Provides Exploration and Corporate Update and Announces Private Placement
Newsfile· 2025-09-11 13:00
Core Viewpoint - Grizzly Discoveries Inc. is providing an exploration and corporate update, announcing a private placement offering for gross proceeds of up to $1 million [1]. Exploration Update - Grizzly has conducted a prospecting and sampling program near Beaverdell to meet assessment requirements for newly staked mineral claims in the area [2]. - A total of 50 rock grab samples were collected from the Beaverdell claims, which surround the historical Beaverdell Mine that produced approximately 34.5 million ounces of silver, 16,700 ounces of gold, 30.6 million pounds of zinc, and 25.6 million pounds of lead from 1913 to 1991 [7]. - The results from the Beaverdell sampling program will be disclosed once received [2][11]. Acquisition and Tenure Security - The company announced a purchase agreement with First Majestic Silver Corp. to acquire 13 historical Crown Grants known as the Motherlode Crown Grants [5]. - Certain Crown Grants have been forfeited due to non-payment of taxes, but Grizzly's mineral claims that overlap these areas remain valid, enhancing security of tenure [9][10]. - The company is evaluating options regarding the Purchase Agreement with First Majestic following the forfeiture [10]. Future Exploration Plans - Plans for fall 2025 include rock and soil sampling and drilling at the Midway and Motherlode Targets, contingent on financing [11]. - The company aims to explore high-grade gold, silver, copper, lead, and zinc showings, as well as significant battery metal prospects within its 175,000+ acre land holdings in the Greenwood District [12]. Private Placement Financing - Grizzly is initiating a private placement offering of Units and FT Units for aggregate gross proceeds of up to $1 million [13]. - The offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units, with each Unit including one common share and one warrant [14]. - Proceeds from the offering are intended for mineral property exploration ($750,000), mineral rights and exploration permits ($80,000), and working capital [15].
Lake Winn Announces Extension of Private Placement and Provides Update on Binding Letter of Intent with Jaxon Mining Inc.
Thenewswire· 2025-08-18 17:45
Core Viewpoint - Lake Winn Resources Corp. is proceeding with a non-brokered private placement to raise up to $650,000 for exploration and working capital, with the first tranche expected to close in the week of August 18, 2025 [1][2]. Group 1: Private Placement Details - The company plans to offer up to 11,818,182 units at a price of $0.055 per unit, aiming for gross proceeds of up to $650,000 [1]. - The net proceeds from the offering will be allocated for exploration costs related to the Little Nahanni project and for general working capital [2]. - The closing of the first tranche is subject to approval from the TSX Venture Exchange, with the final acceptance date extended until August 2025 [2]. Group 2: Update on Jaxon Mining Inc. - On July 24, 2025, the company announced a binding letter of intent with Jaxon Mining Inc. regarding a property transaction, which led to a halt in trading [4]. - The letter of intent has been terminated as of August 18, 2025, due to the time and expense associated with the potential acquisition [5]. - The company will continue to focus on its key critical mineral project, the Little Nahanni Pegmatite swarm, which contains significant lithium, cesium, tantalum, and tin mineralization [5][8]. Group 3: Trading Resumption - The company expects to resume trading in the week of August 18, 2025, potentially as soon as August 20, 2025 [6].