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Grid Battery Announces the Completion of the First Phase of its 2025 Fall Exploration Program for its British Columbia Gold-Copper Property
Thenewswire· 2025-09-17 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the first phase of its fall exploration program in British Columbia, focusing on gold and copper exploration in a region known for its mining potential [1][5][7]. Company Overview - Grid Battery Metals Inc. is a Canadian exploration company listed on the TSX Venture Exchange, primarily focused on high-value battery metals for the electric vehicle market [15]. - The company has acquired a 100% interest in 17 mineral claims covering approximately 27,525 hectares (about 275 km²) in North Central British Columbia [9]. Exploration Program - The initial exploration program was conducted on two of the five claim blocks, specifically the Jupiter and Starlight blocks, involving assaying, trenching, sampling, and geophysics [7]. - The exploration program aims to follow up on previous work and includes geochemistry across untested magnetic features, with detailed soil sampling and mapping planned for eight targeted areas [7]. Regional Context - The exploration area is strategically located near several promising projects, including NorthWest Copper Corp.'s Kwanika project, which intercepted 400 meters of 1.01% copper equivalent [5]. - The Mount Milligan mine, operated by Centerra Gold, has produced over 1.8 million ounces of gold and 742 million pounds of copper, highlighting the area's mining potential [10]. Historical Exploration Insights - Historical data indicates that the area has been minimally explored, with some recorded results showing anomalous gold levels in stream sediment sampling [11]. - The region is characterized by geological features conducive to porphyry copper-gold deposits, with significant occurrences along the Pinchi Fault [11][12]. Recent Developments - The company has dropped the Volt Canyon Lithium property from its exploration portfolio due to access difficulties and average initial sampling results [13]. - The Texas Springs Property, another asset, has shown promising lithium grades, with a Phase 1 exploration program yielding average lithium grades of 2010 ppm [16].
LUCA ACQUIRES KEY MINING CONCESSION ADJACENT TO TAHUEHUETO MINE
Prnewswire· 2025-08-28 13:00
VANCOUVER, BC, Aug. 28, 2025 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that it has executed a purchase agreement and closed a transaction with Minera Mexicana La Ciénega S.A. de C.V., a subsidiary of Fresnillo plc ("Fresnillo"), to acquire a 100% interest in a large mining concession adjacent to the Company's Tahuehueto Mine in Durango, Mexico. Figure 1: Tahuehueto Surface Map Showing Acquired Ground (Blue) and Known a ...
IMPACT Silver Announces Q2 2025 Financial Results with 27% Increase in Revenue
Newsfile· 2025-08-25 14:39
Core Viewpoint - IMPACT Silver Corp. reported a 27% increase in revenue for Q2 2025, driven by higher production and strong commodity prices, indicating a positive financial trajectory for the company [1][3]. Financial Performance - Revenue for Q2 2025 was $9.8 million, up from $7.7 million in Q2 2024, with year-to-date revenue reaching $20.5 million [1]. - Mine operating income before amortization and depletion improved to $1.6 million in Q2 2025 from a loss of $0.2 million in Q2 2024 [1]. - The company reported a net loss of $2.0 million for the quarter, which included $0.5 million in deferred taxes, $1.1 million in exploration costs, and $0.6 million in amortization and depletion [1]. - As of the end of the quarter, the company had $10.3 million in cash and $13.3 million in working capital, with no long-term debt [1]. Operational Highlights - The Zacualpan/Guadalupe complex processed 69,185 tonnes of mill feed year-to-date 2025, a 4% increase from 66,797 tonnes in the same period of 2024 [4]. - Silver production from the Guadalupe complex was 295,131 ounces in the first half of 2025, a 2% increase from 289,443 ounces in the first half of 2024 [5]. - Lead production increased by 15%, and gold production improved by 58% to 237 ounces from 150 ounces in the comparative period [5]. - The average mill head grade for silver fell by 2% to 158 g/t compared to 161 g/t in 2024 [5]. Production and Cost Metrics - At Plomosas, the mill processed 27,747 tonnes year-to-date 2025, a 116% increase from 12,850 tonnes in the first half of 2024 [6]. - Direct costs per tonne at Plomosas fell to $230.14 in 2025 from $400.70 in 2024 [8]. - Revenue per tonne sold for the first six months in 2025 increased by 38% to $209.84 from $152.09 [5]. Strategic Outlook - The company anticipates further improvements in production and revenue due to ongoing exploration and development activities at both Zacualpan and Plomosas [10][11]. - Management plans to maintain active exploration and pursue strategic partnerships to enhance shareholder value [11].
Calibre Reports Q1 Financial and Production Results; Valentine Advances Toward Gold Production in Q3, Setting Up for Significant Growth; Calibre Mining & Equinox Gold Merger Anticipated to Close During Q2, 2025
Globenewswire· 2025-05-07 23:30
Core Viewpoint - Calibre Mining Corp. reported strong financial and operational results for Q1 2025, with gold production of 71,539 ounces and a focus on cost discipline, positioning the company to potentially exceed its full-year production guidance of 230,000 to 280,000 ounces [2][10][22]. Financial Performance - Consolidated revenue for Q1 2025 was $202.6 million, compared to $131.9 million in Q1 2024, reflecting a significant increase [18]. - The company achieved net earnings of $22.6 million in Q1 2025, up from a net loss of $3.6 million in Q1 2024 [19]. - Adjusted net earnings for Q1 2025 were $40.1 million, compared to $5.6 million in Q1 2024 [44]. - The average realized gold price per ounce sold was $2,796, an increase from $2,092 in Q1 2024 [43]. Operational Highlights - Gold production was 64,469 ounces from Nicaragua and 7,070 ounces from Nevada, with a consolidated total of 71,539 ounces [10][20]. - The total cash cost (TCC) was $1,221 per ounce, while the all-in sustaining cost (AISC) was $1,389 per ounce [11][19]. - The Valentine Gold Mine is expected to produce approximately 200,000 ounces of gold annually, with first gold expected by the end of Q3 2025 [3][7]. Valentine Gold Mine Update - The initial project capital cost for the Valentine Gold Mine has increased to approximately C$854 million, with $203 million in cash fully funding the project as of April 30, 2025 [3][12]. - Construction is nearing completion, with the primary crusher commissioned and the coarse ore stockpile ready to receive material by the end of May [4][12]. - The largest pure exploration drill program in the property's history is underway, totaling 100,000 meters [10][22]. Merger with Equinox Gold - The merger with Equinox Gold is expected to close by the end of Q2 2025, creating a major Americas-focused gold producer with enhanced scale and diversification [8][14]. - The combined entity is projected to deliver greater value than either company could achieve independently, with a strong balance sheet and a pipeline of development projects [14][27].