Mineral Project Development

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High Tide Resources Announces Closing of Non-Brokered Private Placement
Globenewswire· 2025-08-22 21:00
Group 1 - High Tide Resources Corp. has closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising aggregate gross proceeds of up to $375,000 [1][2] - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2] - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which is classified as a related party transaction under Multilateral Instrument 61-101 [3] Group 2 - The Labrador West Iron Project, owned 100% by High Tide, has an inferred iron resource of 654.9 million tonnes at 28.84% Fe, located adjacent to IOCC's Carol Lake Mine in Labrador City, NL [5][6] - The company also holds a 100% interest in the Lac Pegma copper-nickel-cobalt deposit, situated 50 kilometers southeast of Fermont, Quebec [6] - The technical information in the news release has been approved by a qualified person, Steve Roebuck, who is the Director, President, and Interim CEO of High Tide [7]
Nicola Mining Commences 10,000 Tonne Bulk Sample at High Grade Dominion Creek Mineral Project
Newsfile· 2025-07-30 14:52
Core Viewpoint - Nicola Mining Inc. has commenced a 10,000 tonne bulk sample at its high-grade Dominion Creek Mineral Project, in which the company holds a 75% economic interest [1][4]. Group 1: Project Development - The company has established a 14-man camp with fully furnished rooms and necessary facilities, and has installed a bridge and mobilized equipment at the site [2]. - Roadwork improvements to the bulk sample site have begun and are expected to be completed by August 10, 2025, allowing for extraction to commence shortly thereafter [2]. Group 2: Permitting and Sampling - A draft permit has been issued by the British Columbia Ministry of Mining and Critical Minerals for the extraction of 10,000 tonnes of gold and silver ore at the Dominion project [3]. - Previous surface sampling returned grades of 62.1 grams per tonne of gold and 320 grams per tonne of silver, along with lead and zinc percentages of 23.4% and 12.4%, respectively [8]. Group 3: Company Overview - Nicola Mining Inc. is a junior mining company that owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing both gold and silver [6]. - The company also owns 100% of the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, which includes 30 mineral claims [9].
Cornish Metals Provides an Activities Update for the South Crofty Tin Project
GlobeNewswire News Room· 2025-07-24 06:00
Core Viewpoint - Cornish Metals Inc. is advancing its South Crofty tin project in Cornwall, UK, with significant progress following recent financing, aiming to restart tin production by the first half of 2028 [3][4]. Group 1: Project Development Updates - Activities at South Crofty have increased significantly post-financing in Q1 2025, with both surface and underground works in progress [3]. - The refurbishment of the Mine Dry building and demolition of old structures began in early July 2025, supported by the UK Shared Prosperity Fund [4]. - Orders have been placed with Qualter Hall for critical winders at the New Cook's Kitchen shaft, marking a key milestone in project development [4]. - Excavation for the processing plant is set to start in August 2025, with detailed engineering activities already underway [4]. - The addition of two Epiroc Boomer T1D drill rigs will facilitate underground development [4]. Group 2: Operational Challenges and Adjustments - Mine dewatering has faced delays due to reduced pump availability, but has resumed near full capacity of 25,000m³ per day as of mid-July [4]. - The refurbishment of the NCK shaft is progressing, with current depth at approximately 330 meters below the surface, and expected to reach the mid-shaft pump station by August 2025 [4]. - The timeline for mine dewatering and shaft refurbishment has been adjusted, with completion now expected in mid-2026, and first tin production anticipated in the first half of 2028 [4]. Group 3: Strategic Partnerships and Community Support - The company has partnered with Tomahee Consulting Services to enhance its mining technology platform, focusing on health and safety, operational excellence, and financial management [4]. - South Crofty is positioned to be the only primary tin producer in Europe or North America, benefiting from strong local and governmental support, and is expected to create over 300 direct jobs [8].
Pacific Bay Minerals Ltd. Announces $2 Million Private Placement to Advance Pereira-Velho Gold Project in Brazil
Newsfile· 2025-07-02 12:30
Core Viewpoint - Pacific Bay Minerals Ltd. is initiating a non-brokered private placement to raise up to $2,000,000 through the sale of 20,000,000 units at a price of $0.10 per unit [1][3] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.15 per share for 24 months [2] - The company may pay finder's fees of 7% cash and 7% finder's warrants on completed subscriptions, subject to TSX Venture Exchange policies [3] - The offering is expected to close around July 17, 2025, pending regulatory approvals [3] Group 2: Use of Proceeds - Net proceeds will primarily fund the acquisition of the Pereira-Velho Gold Project in Brazil and early-stage exploration [4] - Remaining funds may support exploration on Canadian assets and general corporate activities [4] Group 3: Insider Participation - Certain insiders may participate in the offering, which will be treated as a related party transaction under TSX Venture Exchange Policy 5.9 [5] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [5] Group 4: Management Changes - Elton Pereira has transitioned to the role of Country Manager, Brazil, aligning with the company's focus on the Pereira-Velho Gold Project [7] Group 5: Company Overview - Pacific Bay Minerals is a Canadian mineral exploration company focused on acquiring, exploring, and developing mining projects, particularly the Pereira-Velho Gold Project in Brazil [8]