Mineral resource expansion

Search documents
Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper
Globenewswire· 2025-07-10 10:00
New Expansion Hole Intersects 279 Metres Averaging 0.49% Cu Nine Drill Rigs Now Active on Site MONTREAL, July 10, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals Chief Executive Officer Robert Wares commented: “Today’s new results continue to confirm the large-scale potential of mineralization ...
Prime Announces Completion of June Warrant Exercise
Globenewswire· 2025-06-17 10:00
Current Cash Balance of $33M Funds Activities Through 2026VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) announces that 97% of its $1.10 warrants due June 12, 2025 have been exercised, which, including the exercise of certain options, have increased Prime’s cash balance to almost $33 million dollars as of today. Proceeds will contribute to the advancement of Prime’s wholly-owned Los Reyes gold-silver p ...
Prime Mining Reports Q1 2025 Financial and Operating Results
Globenewswire· 2025-05-13 00:53
Core Insights - Prime Mining Corp. reported its operating and financial results for Q1 2025, focusing on the Los Reyes Gold-Silver Project in Mexico [1][2] - The company is preparing for a Preliminary Economic Assessment and has a planned 40,000m drill program for 2025 [3][12] Corporate Highlights - The company ended Q1 2025 with $18 million in cash, supporting its drilling campaign [2] - Total assets as of March 31, 2025, were $33.05 million, with total liabilities at $1.39 million [11] Exploration Highlights - Significant drilling results were reported from the Z-T Trend and Central Trend, with high-grade gold and silver intersections [4][5] - The Fresnillo Generative Target was extended by 120 meters, with notable grades reported [5][6] Community Engagement and Environmental Strategy - The company is actively gathering environmental and community data to support its ESG programs [8] - A sustainability report was released in April 2023, with a new report expected soon [9] Financial Data - The loss for Q1 2025 was $3.62 million, an improvement from a loss of $6.45 million in Q1 2024 [11] - Loss per share decreased from $(0.04) in Q1 2024 to $(0.02) in Q1 2025 [11] Future Outlook - The company plans to continue its drilling program to identify new targets and expand existing resources [12] - Ongoing drilling suggests that the main deposit areas are larger than previously reported, with potential for new discoveries [19]