Rare Earth Element Mineralization
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Powermax Acquires Claims to Increase the Size and Scope of its Atikokan Rare Earth Project
TMX Newsfile· 2026-02-06 11:00
Core Viewpoint - Powermax Minerals Inc. has acquired a 100% interest in two additional mining claims adjacent to its Atikokan rare earth element project, enhancing its exploration potential in the region [1][3]. Acquisition Details - The acquisition includes thirty-seven contiguous mining claim cells located in the Ignace–Atikokan area of northwestern Ontario, which are considered prospective for rare earth element mineralization [3]. - The transaction was executed through a property purchase agreement with arm's-length vendors for a total payment of $3,000, subject to a back-in right that allows the vendors to reclaim the claims if Powermax fails to meet certain conditions by August 31, 2028 [4]. Management Insights - CEO Paul Gorman highlighted that the acquisition was driven by positive results from a recent airborne geophysical survey, which identified high-priority exploration targets in the newly acquired area [5]. Geological Context - The Atikokan Project is situated within the Wabigoon Subprovince and is underlain by Archean metavolcanic and metasedimentary rocks, with significant geological features that are favorable for rare earth element mineralization [3][11]. - The integrated geophysical and geochemical data suggest the presence of a phosphate-rich NYF-type REE mineral system, indicating potential for significant rare earth element deposits [11]. Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options on multiple properties, including the Cameron REE Property and the Pinard REE Property, in addition to the Atikokan REE Property [7].
Canamera Confirms up to 6,557 ppm TREO from Iron Hills Over-Limit Re-Assay Results
TMX Newsfile· 2026-01-26 11:00
Core Viewpoint - Canamera Energy Metals Corp. has reported promising results from its prospecting program at the Iron Hills Project in Colorado, with several rock samples showing elevated levels of rare earth elements, indicating potential for further exploration and mineralization [1][3]. Group 1: Sample Analysis - Out of 48 samples collected, five exceeded initial detection limits for cerium (Ce), neodymium (Nd), and yttrium (Y) [2]. - Sample 47 had the highest total rare earth oxide (TREO) value of 6,557 ppm (0.66% TREO), including 2,336 ppm Nd, while Sample 09 had the highest heavy rare earth oxide (HREO) value of 2,841 ppm, driven by 1,305 ppm Y [2]. - A total of six samples returned TREO values exceeding 3,000 ppm (0.3% TREO) [2]. Group 2: Company Plans and Strategies - The CEO expressed optimism about the elevated rare earth values and indicated a focus on specific areas for follow-up sampling [3]. - The company is considering conducting airborne magnetics, radiometrics, and EM surveys over the Iron Hills Project to further assess rare earth concentrations [3]. - Follow-up sampling and analytical programs are planned to evaluate the potential for rare earth element (REE) mineralization [3]. Group 3: Quality Assurance and Control - All samples were handled under strict quality assurance and quality control (QA/QC) protocols, including the use of certified reference standards and field duplicates [5][6]. - The original samples were analyzed using a four-acid digestion followed by ICP analysis for 61 elements, with reanalysis for over-limit samples using sodium peroxide fusion [5][6]. Group 4: Company Overview - Canamera Energy Metals Corp. focuses on critical and rare earth metals exploration, with a diversified portfolio of projects across North and South America [9]. - The company's North American projects include the Iron Hills Project in Colorado and the Schryburt Lake rare earth and niobium project in Ontario, among others [9].
Pan American Energy Completes Field Program at Tharsis Project
Globenewswire· 2025-10-28 12:00
Core Insights - Pan American Energy Corp. has successfully completed its 2025 preliminary field program at the Tharsis Project, which is located near Squalus Lake in the Northwest Territories, focusing on developing a comprehensive geological and structural model for rare earth element (REE) and niobium mineralization [1][10] Geological and Magnetic Data - The field campaign involved a six-person team mapping and characterizing outcrops around Squalus Lake, particularly near known REE-Nb showings and the magmatic core of the complex [2] - Lithological characterization showed a contrast between magnetic and non-magnetic rock units, with carbonatite and felsic phases displaying low magnetic signatures, while mafic units recorded higher readings [3] - Outcrop A, near the magnetic low core, had a low magnetic susceptibility average of 0.46 × 10⁻⁶ SI, while Outcrop B, along the magnetic high ring, averaged 55 × 10⁻⁶ SI, indicating potential for rare earth elements [3] Bathymetric Survey - A detailed bathymetric survey of Squalus Lake was conducted, collecting approximately 17,500 data points along 100-meter-spaced east-west transects, excluding areas with low water levels [4] - The bathymetric dataset will support the construction of a three-dimensional model of the lake bottom, aiding in the identification and refinement of drill targets [4] Archaeological Considerations - An archaeological field survey was conducted with support from a local Indigenous community member to ensure exploration work aligns with heritage and cultural preservation standards [6] Future Plans - All datasets from the 2025 program will be consolidated into a 3D geospatial workspace to assist with drill planning, including the preparation of a preliminary geological map and integrated model [7] - The next phase will guide the placement of the first drill holes at Tharsis, leveraging the integrated datasets [7][8]
Aventis Energy Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project
Globenewswire· 2025-10-27 12:00
Core Viewpoint - Aventis Energy Inc. announces the filing of a technical report by Standard Uranium Ltd. on the Corvo Project, highlighting its potential for high-grade uranium and rare earth element mineralization [1][4][5] Group 1: Technical Report Details - The technical report titled "Technical Report on the Corvo Property – Northeastern Saskatchewan, Canada" was prepared in accordance with NI 43-101 and has an effective date of October 24, 2025 [1] - The report was co-prepared by Axiom Exploration Group Ltd. and is available on SEDAR+ and Standard's website [1] - The report does not contain a Mineral Resource Estimate as per NI 43-101 [2] Group 2: Project Overview - The Corvo Project spans 12,265 hectares and is located in the eastern Athabasca Basin region, with a definitive agreement for Aventis to acquire a 75% interest [4] - The project is situated 1.5 km outside the current margin of the Athabasca Basin, approximately 45 km northeast of the Gemini Mineralized Zone [4][9] - The project is considered highly prospective for high-grade basement-hosted uranium mineralization, similar to the Rabbit Lake deposit [5] Group 3: Mineralization Potential - Recent sampling results from the Manhattan Showing returned values up to 8.10 wt.% U3O8 at surface, which has never been drill tested [5][11] - The project also shows potential for rare earth element mineralization, which could provide additional value [5] - Historical drill holes have intersected multiple intervals of uranium mineralization along a strike length of 800 meters [11]
Standard Uranium Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project, Northern Saskatchewan
Newsfile· 2025-10-27 11:30
Core Insights - Standard Uranium Ltd. has filed a technical report on the Corvo Uranium Project, prepared in accordance with NI 43-101 standards, effective October 24, 2025 [1][2][3] Project Overview - The Corvo Project covers 12,265 hectares in the eastern Athabasca Basin, targeting high-grade basement-hosted uranium [4] - The project is located 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometers northeast of the Gemini Mineralized Zone [4][10] Option Agreement - The Corvo Project is under an option agreement with Aventis Energy Inc., allowing Aventis to acquire 75% of the project by funding C$4.5 million in exploration expenditures, making cash payments of C$225,000, and issuing C$725,000 in common shares over three years [5] Exploration Potential - The project is considered highly prospective for high-grade uranium mineralization, with recent surface sample results showing up to 8.10 wt.% U3O8 [6][11] - The project may also have potential for rare earth element mineralization, providing additional value [6] Company Background - Standard Uranium is focused on uranium exploration and holds interests in over 235,435 acres (95,277 hectares) in the Athabasca Basin [12] - The company aims to identify, acquire, and explore Athabasca-style uranium targets for future development [12]
Pan American Energy Signs Option Agreement to Acquire 100% Interest in the Tharsis Project, Northwest Territories
Globenewswire· 2025-06-16 12:00
Core Insights - Pan American Energy Corp. has entered into a definitive option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis Project, located in the Northwest Territories, Canada [1][8] Project Overview - The Tharsis Project consists of seven mineral claims totaling 8,750 hectares and includes the Squalus Lake Alkaline Complex, which is approximately 180 kilometers north-northeast of Yellowknife [2][4] - Exploration has confirmed the presence of carbonatite-bearing rocks and the potential for rare earth elements (REE) and high field strength element (HFSE) mineralization [2][4] Agreement Terms - Under the agreement, Pan American can earn a 100% interest in the Tharsis Project over four stages by making total cash payments of $400,000, issuing 800,000 common shares, and funding $5 million in exploration expenditures over four years [3] - The breakdown of the stages includes cash payments of $100,000 and exploration expenditures of $500,000 in the first stage, increasing to $1.5 million in subsequent stages [3] Exploration Activities - NCM will act as the operator during the option period, managing exploration activities in coordination with Pan American [3] - Previous exploration work has included detailed geochemical sampling and a high-resolution UAV magnetic survey, revealing strong magnetic anomalies and elevated concentrations of REEs and HFSEs [4] Company Background - Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery and critical metals in North America [7]