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 (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 ...

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].

Core Insights - Successful mine development requires not only high-quality properties but also a strong exploration team to advance through key milestones [1] - Globex Mining Enterprises Inc. emphasizes the importance of building long-term shareholder value through strategic partnerships with talented junior explorers [2] Project Updates - Antimony Resources has presented an updated NI43-101 technical report for the Bald Hill antimony project, indicating a conceptual deposit of 2.7 million tonnes at a grade of 3-4% antimony [4][5] - Bryah Resources is advancing the Golden Pike project, reporting high-grade stibnite samples up to 57% Sb and commencing a 1000m drilling program to confirm previous results [9][11] - Cerrado Gold is updating its feasibility study for the Mont Sorcier project, increasing the production target by 60% to an initial 4 million tonnes per annum, with plans to scale up to 8 million tonnes by the third year [14][15] Financial and Royalty Structure - Globex has received a cash payment of $100,000 and over 30 million shares from its partner companies, with additional payments due annually [12] - The company retains a 3.5% Gross Metals Royalty on the Bald Hill project and a 1% GMR on the Mont Sorcier project, which could provide a steady income stream as these projects advance [6][22] Strategic Partnerships - The option agreements with Antimony Resources and Bryah Resources include cash and share payments that enhance corporate liquidity for future acquisitions [20][21] - The strategy of acquiring a diversified portfolio of exploration assets is proving valuable, supported by successful exploration from active partner companies [23]

Equity Metals Extends the No 3 Vein to Depth at the Silver Queen Property, BCNovember 17, 2025 9:30 AM EST | Source: Equity Metals CorporationVancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Equity Metals Corporation (TSXV: EQTY) (FSE: EGSD) (OTCQB: EQMEF) ("Equity") reports new precious and base metal assays from the Summer '25 drill program on its 100% owned Silver Queen Au-Ag project, British Columbia, which continue to extend the projection of mineralization in the No. 3 ...

Core Viewpoint - Tartisan Nickel Corp. is set to initiate a Phase 1 diamond drill program at its Kenbridge Nickel-Copper-Cobalt Project, aiming to enhance and upgrade existing resources and explore high-grade mineralization extensions [1][2][4]. Group 1: Drill Program Details - The Phase 1 drill program will encompass approximately 3600 meters of NQ diamond drilling [1][7]. - The program's focus includes converting inferred resources into Measured and Indicated categories and testing extensions of high-grade nickel-copper mineralization below the existing 623-meter shaft [2][7]. - Drill targets have been prioritized based on previous exploration results and downhole geophysical modeling [3]. Group 2: Project Objectives and Infrastructure - Key objectives of the Phase 1 program include improving geological and metallurgical understanding to support a potential Pre-Feasibility Study (PFS) and collecting new data for future mine design and resource conversion [7]. - The Kenbridge Nickel Project area covers approximately 4,273 hectares of patented and staked claims, with excellent infrastructure access via road from Sioux Narrows and Kenora, Ontario [3]. Group 3: Company Overview - Tartisan Nickel Corp. is a Canadian mineral exploration and development company that owns the Kenbridge Nickel Project, along with other projects in Ontario [4]. - The company currently has 130,995,782 shares outstanding, with a fully diluted total of 137,784,671 shares [4].

Summary of FireFly Metals Conference Call Company Overview - **Company**: FireFly Metals (OTCPK:MNXM.F) - **Location**: Newfoundland, Canada - **Current Resource**: 59 million tonnes at 2% copper equivalent Key Points and Arguments Resource Development - The company is currently drilling 650 meters in front of its existing resource, yielding 49 meters at 6.1% copper equivalent, which will be included in an upcoming resource update by year-end [1][3] - The strategy focuses on demonstrating the world-class scale and continuity of the deposit, with over 2 km of underground development completed [3][4] - Six drilling rigs are operational, with four for infill drilling and two for extensional drilling, indicating a significant investment in resource expansion [4] Resource Update Expectations - The upcoming resource update is expected to show continued growth in the overall size of the resource and a conversion of inferred resources into measured and indicated categories, aiming for 70% conversion [4][5] - The company anticipates a strong economic potential due to high grades and thicknesses of mineralization, with a focus on early payback and cash flow [5][6] Economic Context - Current market prices for copper are above $11,000 per tonne and gold is at record highs above $4,300 per ounce, enhancing the economic viability of the project [7] - The existing mill has a capacity of 500,000 tonnes per annum, which is insufficient for the large-scale ore body, prompting plans for a new, appropriately scaled mill [8][9] Mining Methodology and Infrastructure - The company plans to adopt bulk mining methods suitable for the ore body, with decline development already reaching 900 meters below the surface [9][10] - Ground conditions are reported to be exceptional, allowing for deeper mining operations, with comparisons to other successful Canadian mines [10] Metallurgical Improvements - Recent metallurgical test results show copper recovery rates of 98% and gold recovery improved from 60% to 85% through a dedicated processing plant, significantly impacting project economics [11] Financing and Exploration Potential - The company is exploring non-dilutive financing options and is moving rapidly towards production [12] - Regional exploration is a key focus, with the potential for discovering additional deposits, as the area has a history of multiple mines [12][13] Upcoming Catalysts - Key upcoming events include the release of drill results, the resource update by year-end, and mining studies in the first half of next year [14] Additional Important Information - The support from local communities and government is described as unprecedented, with environmental approvals obtained in just 45 days [1][2] - The Fraser Institute ranks Newfoundland among the top six jurisdictions globally for government policy, highlighting its favorable operating environment [2]

Core Viewpoint - West Red Lake Gold Mines is initiating a fully funded infill and conversion drilling program at its Rowan Project, aiming to enhance resource confidence and advance towards production in a favorable gold market [1][2][9]. Company Overview - West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) is focused on the Rowan Project located in the Red Lake Gold District of Northwestern Ontario, Canada, which is 80 kilometers from the Madsen Mine [1][2]. - The company aims to grow rapidly as a gold producer, targeting an annual production of 50,000 ounces from Madsen in 2026 and an additional 32,500 ounces from Rowan by 2028, potentially reaching a total production of 90,000 to 100,000 ounces per year [3][4][9]. Project Details - The Rowan Project is characterized as a high-grade, nearly vertical deposit with an average diluted head grade of 8.0 grams per tonne and an average annual production of 35,230 ounces over a five-year mine life [5][9]. - The Preliminary Economic Assessment (PEA) for Rowan, filed in July 2025, uses a conservative long-term gold price of USD$2,500 per ounce, significantly lower than current market prices [2][5]. Drilling Program Objectives - The drilling program aims to achieve three main goals: 1. Upgrade inferred resources to indicated status for inclusion in a pre-feasibility mine plan [6]. 2. Drill two veins that were not included in the mine plan due to sparse historical data [6]. 3. Collect rock material for advanced metallurgical studies to support a combined pre-feasibility study for both Madsen and Rowan [6][9]. Economic Projections - The PEA indicates a post-tax Net Present Value (NPV) of $239 million at a gold price of USD$3,250 per ounce, with an Internal Rate of Return (IRR) of 81.7% [5][9]. - The initial capital cost for developing Rowan is estimated at $70 million, with potential for a toll milling operation utilizing existing infrastructure at Madsen [5][6]. Future Plans - The company anticipates starting underground development at Rowan in 2027, with production expected to commence in 2028 [4][9]. - A combined pre-feasibility study is expected to be completed by Q3 2026, which will establish a valuation benchmark for the total Red Lake assets and inform permit applications [9].

Core Insights - Happy Creek Minerals Ltd. has completed the first tranche of drilling at the Fox Tungsten Project, with significant mineralization observed in all 18 drill holes [1][3] - The deeper drilling at the BN Zone has intersected two thick zones of calc silicate, indicating multiple mineralized horizons at depth that remain open [1][3] Fox Project - 2025 Exploration Program - From September 5 to October 5, 2025, the company completed 18 diamond core drill holes totaling 2,175.5 metres, focusing on resource expansion at the RC and BN zones [1][3] - All drill holes intersected calc silicate, the main host rock for tungsten mineralization, with variable concentrations of scheelite observed [3][4] - Drilling at the RC south zone has expanded the calc silicate horizon to the southwest and is open to the west beneath Deception Mountain [3][9] RC Zone Details - The RC zone measures approximately 400 metres by 175 metres and is a gently dipping tabular body with thickness ranging from 5 to 25 metres [5] - A total of 14 diamond core drill holes were completed at the RC zone, totaling 1,304.5 metres drilled, with an average hole depth of approximately 92 metres [6][7] - The drilling confirmed geological continuity of the calc silicate from surface to approximately 50 metres in thickness westward, expanding it 250 metres southward towards the BN zone [9] BN Zone Details - The BN zone consists of three stacked calc silicate horizons, with the middle horizon being the best defined and containing most of the current resource [12][13] - Four diamond core drill holes were completed at the BN zone, totaling 871.0 metres drilled, with an average hole depth of approximately 218 metres [14] - Drillholes intersected multiple horizons of calc silicate, supporting the model of stacked horizons at depth, indicating potential for mineralization to be open to the north and northwest [15][16] Resource Estimates - The 2018 NI43-101 Resource Estimate for the Fox Tungsten Project included an Indicated Resource of 582,400 tonnes at 0.826% WO3 and an Inferred Resource of 565,400 tonnes at 1.231% WO3 [2][20] - The current drilling program aims to further define and expand these resources, with selected core intervals sent for assay [10][16] Future Plans - The company plans follow-up drilling between the RC and BN zones, at the BK zone, and to the west beneath Deception Mountain, as well as conducting more geological and surface work [25]

Core Insights - Nova Minerals Limited has secured a significant funding of US$43.4 million (A$65.5 million) from the U.S. Department of War to support the development of an integrated antimony supply chain in Alaska, highlighting the strategic importance of its Estelle Project [2][16][30] - The company is actively advancing its dual-commodity strategy, focusing on both gold and antimony assets, with ongoing drilling and exploration programs [5][12][19] Financial Position - As of the end of September 2025, the company has access to over A$86.3 million in funding, including A$17.5 million in cash and approximately A$3.3 million in liquid investments [30] - The company raised US$12.1 million (A$18.4 million) in July 2025 through a U.S. offering to fund drilling and exploration programs [30] Estelle Project Developments - The Estelle Project has seen active drilling and surface exploration programs in 2025, with assay results pending [2][12] - The West Susitna Access Road project is progressing, aimed at improving access and reducing mining costs, with construction planned to commence in 2025 [4][5] Antimony Assets - The U.S. Department of War's funding will support the extraction, concentration, and refining of stibnite to produce military-grade antimony trisulfide, enhancing U.S. defense capabilities [16][18] - Nova has commenced resource drilling and stockpiling surface antimony ore, with plans to begin production of antimony trisulfide by 2026 [19][22] Gold Assets - The company is advancing over 20 gold prospects, including four defined multi-million ounce deposits, with ongoing drilling at the RPM North area [8][12] - Recent drilling at the Korbel site targeted a potential higher-grade starter pit, with assay results expected soon [10][12] Strategic Partnerships and Support - Strong backing for the Estelle Project has been demonstrated through engagements with federal, state, and local stakeholders, including visits from U.S. Senator Lisa Murkowski and Alaska Governor Mike Dunleavy [5][19] - The company made a strategic investment of 7.8% in Adelong Gold Limited, enhancing its position in the gold-antimony sector [30]