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Fieldwork Resumes at Renforth's Parbec Gold Deposit in Malartic, Quebec
Thenewswire· 2026-02-09 13:00
Core Insights - Renforth Resources Inc. has made significant progress in its Parbec Gold Deposit and Victoria polymetallic deposit, confirming the presence of platinum and palladium in the Victoria deposit [2][5]. Group 1: Parbec Gold Deposit - The company has resumed its chipping and stripping program at the Parbec Gold Deposit, which had been paused in November 2025, focusing on a permitted area within the open pit footprint [2][9]. - Formal exchanges with regulatory bodies have been initiated to confirm the permitting pathway for the bulk sample project, with positive feedback received regarding its regulatory feasibility [3][4]. Group 2: Victoria Polymetallic Deposit - Recent testwork results have confirmed the presence of platinum and palladium in the mineralized ultramafic package at the Victoria deposit, indicating these metals will be included in future resource statements [5][6]. - An initial NI 43-101 inferred resource for the Victoria deposit has been declared, amounting to 125 million tonnes grading 0.15% NiEq, utilizing trailing average metal prices [15]. Group 3: Financing and Corporate Matters - The company has completed a previously announced financing, raising an additional $30,000 in common share units and $15,000 in flow-through shares for 2026 [7]. - A total of 8,850,000 options have been issued to certain officers, directors, and consultants, exercisable at $0.05 for a period of five years [8]. Group 4: Resource Details - The Parbec Gold Deposit currently hosts 265,800 ounces of gold in the Measured and Indicated categories, with a total tonnage of 9.61 million tonnes grading 0.86 g/t Au [12][13]. - The inferred category includes 97,000 ounces of gold within 2.55 million tonnes grading 1.18 g/t Au, with a cut-off grade based on a value of US$ 2,100 per ounce of gold as of April 2025 [12]. Group 5: Strategic Positioning - Renforth Resources is strategically positioned with road access, hydro-electric power, and proximity to established mining infrastructure, which enhances its potential to create shareholder value [16].
Zephyr Announces Increase in Private Placement
TMX Newsfile· 2026-01-27 12:50
Core Viewpoint - Zephyr Minerals Ltd. has announced an increase in its non-brokered private placement to 5,200,000 units at a price of $0.05 per unit, aiming for gross proceeds of up to $260,000, which will be used for working capital and advancing the Dawson Gold project [1][2]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.10 for two years [1]. - The expected closing date for the private placement is around February 3, 2026, subject to customary closing conditions and TSX Venture Exchange approval [3]. Group 2: Dawson Gold Project - The Dawson Gold Deposit has an inferred mineral resource of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold, with potential for resource expansion at depth and along strike [5]. - A Preliminary Economic Assessment (PEA) from March 21, 2017, indicated robust economics with an all-in sustaining cost of $692 per ounce, utilizing a gold price of $1,250/oz [5]. - The project benefits from a small footprint for the proposed underground mine, ownership of necessary lands, a favorable climate for year-round operations, and nearby infrastructure [5]. Group 3: Company Overview - Zephyr Minerals is focused on obtaining a mining permit for its 100% owned Dawson Gold property in Colorado and is awaiting the Zimbabwean Government's decision on two Exclusive Prospecting Orders covering 124,000 hectares [6].
Apex Mobilizes First Drill Rig to The Rift Rare Earth Project in Nebraska, U.S.A.
Accessnewswire· 2026-01-26 08:01
Core Viewpoint - Apex Critical Metals Corp. has commenced its inaugural drill program at the Rift Rare Earth Project in Nebraska, marking a significant milestone in the company's exploration efforts for critical and strategic metals [1][4]. Group 1: Drill Program Details - The first drill rig has arrived and is being assembled at the Rift Rare Earth Project, with site preparation activities ongoing to support drilling operations [2][3]. - The Phase I drill program aims to verify and expand on previously defined rare earth mineralization, covering 850 meters in the southeastern portion of the project [3]. - The drilling strategy is supported by a modern 3D geological model incorporating geophysical, geochemical, and historical drilling data [3]. Group 2: Company Developments - CEO Sean Charland emphasized that the arrival of the drill rig will significantly raise awareness of the Rift Rare Earth Project and accelerate the path towards establishing a maiden mineral resource [4]. - A second drill rig is expected to arrive soon, with the company planning to provide periodic updates on the drilling program's progress [4]. Group 3: Share Units Grant - The company has granted 750,000 restricted share units (RSUs) to a director, with vesting scheduled over two years [5][6]. - Each vested RSU entitles the holder to receive one common share, subject to a four-month hold period from the issuance date [6]. Group 4: Company Background - Apex Critical Metals is focused on advancing rare earth element and niobium projects to meet the growing demand for critical metals in North America [8][11]. - The flagship Rift Project is located within the Elk Creek Carbonatite Complex, known for its high-grade rare earth mineralization, with historical drilling reporting significant intercepts [8][10].
Kutcho Copper Corporate Update
TMX Newsfile· 2026-01-22 22:00
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") is pleased to provide a review of its feasibility stage, high-grade copper-zinc development project located in north-western British Columbia. Please also refer to the Company's updated investor presentation on the website at www.kutcho.ca/investors/.Vince Sorace, President & CEO of Kutcho Copper stated: "Kutcho Copper is uniquely positioned with a feasibility- ...
MineralRite Corporation (RITE) Reports on Key Developments for the 4th Quarter of 2025
TMX Newsfile· 2026-01-15 14:30
Dallas, Texas--(Newsfile Corp. - January 15, 2026) - MineralRite Corporation (OTCID: RITE) ("RITE" or the "Company"), a Texas-based resource development company focused on mineral recovery and strategic asset monetization, today filed a Current Report on Form 8-K and released its quarterly shareholder update summarizing developments during the fourth quarter of 2025 across key regulatory, technical, and capital-markets initiatives as the Company advances its projects and strategic plans. The Company comple ...
Galleon Gold Moves West Cache into Execution Phase with Surface Development Underway
TMX Newsfile· 2026-01-13 12:45
Core Viewpoint - Galleon Gold Corp. has commenced surface site development activities at its West Cache Gold Project, marking a significant transition from permitting to execution, with plans for an 86,500-tonne bulk sample extraction [1][5]. Surface Development Program - The initial phase of construction has been awarded to Aki-Caron, a joint venture known for prioritizing safety, environmental stewardship, and local participation [2]. - Initial surface work includes the construction of mine area pads, access roads, overburden excavation, and the start of water management infrastructure [3]. Utilities Infrastructure Progress - Progress on utilities includes the completion of the corridor for a 27.6 kV distribution line, with high-voltage line installation approximately 60% complete [4]. Derisked Development - The underground test mining and bulk sampling program aims to provide essential data for future feasibility studies, reducing technical and execution risks for the West Cache Project [5]. About the West Cache Gold Project - The West Cache Gold Project spans approximately 11,600 hectares and is located 13 km west of Timmins, Ontario, within a favorable geological setting [8]. About Galleon Gold - Galleon Gold is focused on advancing the West Cache Gold Project through a disciplined strategy aimed at resource growth and unlocking long-term shareholder value [9].
NexGold Provides Summary of 2025 Activities and Key Priorities for 2026
Globenewswire· 2026-01-12 12:00
Core Viewpoint - NexGold Mining Corp. has achieved significant milestones in 2025, positioning itself for a transformative year in 2026, with a focus on advancing its Goldboro and Goliath Gold Complex projects [2][3]. 2025 Achievements - The company transitioned to a multi-asset, Canadian gold-focused developer after acquiring Signal Gold in December 2024 - Share price increased by over 150%, from $0.70 to $1.77 - Market capitalization grew by more than 325%, from $100 million to over $400 million [2]. 2026 Priorities - Focus on creating value through the advancement of Goldboro and Goliath projects, including comprehensive drill programs and permitting activities [3]. - Key priorities for Goldboro include finalizing an updated Mineral Resource Estimate based on recent drilling results [3]. Goldboro Gold Project Developments - Major federal and provincial permits received to advance Goldboro towards construction, including: - Crown Land Lease and License granted in May 2025 - Schedule 2 Amendment approval in July 2025 - Industrial Approval received in August 2025 - Fisheries Act Authorizations granted in October 2025 [4]. - Implementation of a landmark Benefits Agreement with the Assembly of Nova Scotia Mi'kmaw Chiefs, outlining economic and environmental benefits [4]. - Continued implementation of the Community Benefits Agreement with the Municipality of the District of Guysborough, including community grants and local office commitments [4]. - Deleveraging of the balance sheet through early repayment of a US$12 million debt facility and repurchase of a 0.6% NSR Royalty [4]. - Sale of a US$24 million, 2.9% royalty to Appian Capital Advisory Limited, with a non-binding Letter of Intent for up to US$175 million in project finance debt [4]. - Completion of a $112.5 million bought deal equity financing [4]. - Completion of infill diamond drill programs at Goldboro and Goliath [4]. Goliath Gold Complex Updates - Decision to pause the Feasibility Study at Goliath to assess alternatives for optimal project configuration [5]. - Issuance of common shares to Sprott Streaming as part of a royalty agreement to satisfy a minimum payment [5]. Investor Relations - Agreement with GDT Strategic Communications Inc. for investor relations services, with an initial term of three months at a fee of $8,500 per month [6]. Project Execution and Planning - Completion of a Feasibility Study update commenced in November 2025, including capital and operating cost estimates [7]. - Advancement of project execution planning and detailed engineering to support construction requirements [7]. - Initiation of an early works construction program in the second half of the year [7]. - Additional exploration activities planned to discover new deposits and resources [8].
Norsemont Provides 2025 Year-End Update and Appoints New CFO
Thenewswire· 2026-01-09 14:00
Core Viewpoint - Norsemont Mining Inc. has successfully raised $15 million to advance its Choquelimpie project in northern Chile, which has significant gold-silver-copper resources and is positioned for rapid advancement toward production [1][3]. Project Overview - The Choquelimpie project is a past-producing gold-silver mine with a historical heap leach production. The initial mineral resource estimate published on April 14, 2025, includes 2,184,000 indicated gold-equivalent ounces and 557,000 inferred gold-equivalent ounces [2]. - The project benefits from extensive infrastructure, including a 3,000 tonne-per-day mill, power, water, and road access, facilitating its advancement toward production [2]. Development Strategy - Norsemont has a two-pronged development plan focusing on oxide processing and deeper sulfide resource drilling [4]. - The company aims to finalize plans for processing stockpiles and systematically drill to expand both oxide and sulfide resources while exploring copper porphyry potential [5]. Key Achievements in 2025 - The company raised over $22 million from strategic investors to fund drilling, permitting, environmental studies, and metallurgical programs [8]. - An initial mineral resource estimate was published, indicating 1,730,000 gold ounces and 33,233,000 silver ounces in indicated resources, along with 446,000 gold ounces and 7,219,000 silver ounces in inferred resources [8]. - The company expanded its advisory, technical, and management team with key appointments, including David Flint as Chief Geologist and Susan Liddle as General Manager CFO [8]. Upcoming Initiatives - The company plans to commence the 2026 Phase 4 drill program in Q2, focusing on refining and prioritizing drill targets [13]. - Metallurgical samples will be tested, and results are expected to be announced in Q1 [13]. - An updated 43-101 resource estimate and a Preliminary Economic Assessment (PEA) on existing oxide production plans are scheduled for publication in Q4 [13]. Marketing and Investor Relations - Norsemont has entered into service agreements with Native Ads Inc., Street Scope Media LLC, and Goldinvest Consulting GmbH for marketing and promotional services, with budgets of up to $200,000 each [10][14][15]. - These campaigns aim to increase awareness and understanding of the company and its projects through digital media and content distribution [11][14].
GreenTech Metals Raises $5.2m to Acquire 80% Equity in Historical Munni Munni Project
Small Caps· 2025-12-03 04:41
GreenTech Metals (ASX: GRE) has received firm commitments from new and existing investors to raise $5.2 million for the acquisition of up to 80% equity in the Munni Munni platinum-palladium-copper-nickel project in Western Australia.The placement across two tranches saw the issue of a total 95.2 million shares priced at $0.055 each, representing a 20.4% discount to the company’s 10-day volume weighted average price of $0.069.It was strongly supported, with investor bids exceeding the original $4m target and ...
Firefly Metals Ltd Announces C$30 (~A$33) Million Canadian Bought Deal Financing and C$96.8 (~A$106.5) Million Australian Equity Raise
Globenewswire· 2025-12-01 23:28
Core Viewpoint - FireFly Metals Ltd has announced a dual offering of ordinary shares, aiming to raise approximately C$30 million through a Canadian Offering and A$101.5 million through an Australian Offering, to fund various development initiatives [1][3]. Canadian Offering - The Canadian Offering involves the sale of 19,230,770 ordinary shares at a price of C$1.56 (A$1.70) per share, with gross proceeds expected to be C$30 million (approximately A$33 million) [1]. - BMO Nesbitt Burns Inc. will act on behalf of a syndicate of underwriters, and an option to purchase an additional 15% of the offering is available for over-allotments [1][2]. - The offering is expected to close around December 17, 2025, pending necessary regulatory approvals [2]. Australian Offering - Concurrently, FireFly has entered into an agreement with Canaccord Genuity to raise approximately A$101.5 million through the Australian Offering, which includes a charity flow-through placement of A$16.5 million and an institutional placement of A$85 million [3]. - A retail share purchase plan (SPP) will also be conducted, allowing eligible shareholders to subscribe for up to A$30,000 worth of shares, aiming to raise up to A$5 million [3]. Use of Proceeds - The net proceeds from both offerings and the SPP will primarily be allocated to fund development and early works, technical studies, underground drilling, regional exploration drilling, and general administrative expenses [7][4]. Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada, which has a Mineral Resource of 50.4 million tonnes at 2.0% copper equivalent [6][25]. - The company also holds interests in the Pickle Crow Gold Project in Ontario and the Limestone Well Vanadium-Titanium Project in Western Australia [8].