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Canada One Clarifies INN Agreement
Newsfile· 2025-09-26 16:25
Group 1 - Canada One Mining Corp. has entered into a twelve-month agreement with Investing News Network for a total of $21,866.25, with an initial payment of $3,123.75 and a remaining balance due on February 15, 2026 [2] - The agreement aims to enhance awareness of Canada One through advertising campaigns, with the first campaign starting on September 2, 2025 [2] - Canada One is a junior resource exploration company focused on critical metals, with its flagship project, the Copper Dome, located near the Copper Mountain Mine [4] Group 2 - The Copper Dome Project is situated in the Quesnel Trough porphyry belt, known for its established mining operations, and has identified mineralization of copper, palladium, and gold [3] - The project benefits from excellent infrastructure, allowing for year-round access and low-cost exploration [3]
Canada One Reviews Property Acquisition Opportunities
Newsfile· 2025-09-25 14:31
Group 1 - Canada One Mining Corp. is reviewing property acquisition opportunities in the Princeton and broader Quesnel Trough area in British Columbia [1][2] - The Quesnel Trough is recognized as one of Canada's premier copper belts, and the company aims to expand its land package with assets that meet technical thresholds [2] - The Copper Dome Project is the company's flagship project located within the Quesnel Trough porphyry belt, which has identified copper, palladium, and gold mineralization [2][4] Group 2 - An amended agreement with Rob Christl Consulting has removed the bonus clause and will automatically renew on a month-to-month basis unless changes are made [3] - Canada One is focused on creating growth and generating value for investors and communities while meeting the global demand for critical metals [4]
Element79 Gold Corp Announces Corporate Update and Strategic Leadership Changes With Focus On Accelerating Nevada Asset Development
Thenewswire· 2025-08-15 23:55
Core Insights - Element79 Gold Corp. is undergoing strategic leadership changes effective August 31, 2025, to enhance asset development in Nevada and advance its growth strategy [1][6][9] Group 1: Strategic Focus - The company has refined its strategic focus on long-term exploration and development in Nevada, highlighted by the acquisition of the drill-ready Gold Mountain Project and plans to explore the Elephant Project [1][2] - The Gold Mountain Project is positioned for near-term exploration aimed at expanding known mineralization and advancing toward resource definition [4] - The Elephant Project is targeted for systematic exploration to evaluate its potential for gold, silver, lead, and copper [4] Group 2: Peru Operations - Element79 Gold continues to develop the high-grade Lucero Project in southern Peru, with a mid-to-long-term goal of restarting exploration and production [1][4] - Current efforts in Peru focus on community engagement, legal and regulatory readiness, and aligning project development with key stakeholders [5] Group 3: Leadership Transition - James C. Tworek will step down as CEO but will continue to support the company as a Director, while Michael Smith will be appointed as the new CEO [6][9] - Kim Kirkland will take on the role of Qualified Person and join the Board of Directors, stepping down from his position as COO [9] - Warren Levy will remain as Director and assume the role of Chairman of the Board [9]
Magna Mining Announces Closing of Property Acquisition from NorthX Nickel Corp.
Newsfile· 2025-07-21 11:00
Core Viewpoint - Magna Mining Inc. has successfully completed the acquisition of a portfolio of exploration properties from NorthX Nickel Corp., enhancing its holdings in the Sudbury Basin to a total of 584 km² [1][2]. Company Overview - Magna Mining is a producing mining company focused on copper, nickel, and PGM projects in the Sudbury Region of Ontario, Canada, with primary assets including the McCreedy West copper mine and several past-producing mines [17]. Transaction Details - The acquisition involved Magna paying C$1.00 to NorthX and assuming liabilities related to the Broken Hammer mine closure plan, which includes a financial assurance of approximately C$481,629 [10]. - NorthX will pay Magna C$665,000 to cover costs associated with the Broken Hammer mine closure plan [10]. Property Portfolio - The acquired NorthX properties cover 304 km² and include past-producing properties such as Parkin and Wisner, as well as several exploration properties in the Sudbury Igneous Complex [2][6]. - The Parkin property has historical production of 157,000 tons grading 1.5% Ni, 1.5% Cu, and 6.2 g/t Pt + Pd + Au, with drillhole intersections showing high-grade mineralization [7]. - The Wisner property historically produced 295,000 tonnes grading 0.9% Cu and 4.1 g/t Pt + Pd + Au, with additional properties like Blezard and Creighton South showing significant measured and indicated resources [8]. Exploration Potential - Magna Mining believes the acquired properties have high potential for new discoveries, particularly in areas corresponding to the footwall of known Sudbury deposits [3]. - The exploration team will compile and interpret existing data to identify and test high-priority exploration targets [9].
Erdene Enters Agreement to Acquire Tereg Uul Copper-Gold Porphyry Prospect
Globenewswire· 2025-07-03 11:00
Core Viewpoint - Erdene Resource Development Corporation has executed an option agreement to acquire up to 80% ownership in the Tereg Uul copper-gold porphyry prospect, located near the Oyu Tolgoi deposit, which is expected to become a top-four global copper producer [1][2]. Group 1: Acquisition Details - The Tereg Uul exploration license spans 6,694 hectares and is held by Tereg Uul Mines LLC, with the license issued on April 5, 2023, and currently in its third year of a maximum 12-year term [3][4]. - The option agreement allows Erdene to invest a total of US$3 million in exploration expenditures and make milestone payments totaling US$2.1 million over the first three years [5][6]. - Erdene can acquire a 51% equity stake in TUM by paying US$5 million between the third and fourth anniversaries of the agreement, with the potential to increase ownership to 80% through an additional US$10 million investment by the eighth anniversary [6][7]. Group 2: Exploration Potential - The Tereg Uul property is strategically located within a corridor of copper-gold porphyry deposits extending over 50 kilometers along the trend of Oyu Tolgoi, providing a low-risk exploration opportunity [2][4]. - Historical exploration has identified geophysical and geochemical anomalies that remain undrilled, with exploration expected to commence in late Q3 [4][6]. - The property is underlain by favorable Paleozoic host rocks similar to those at Oyu Tolgoi, and it contains several anomalous gold occurrences related to epithermal style veins [4]. Group 3: Company Overview - Erdene Resource Development Corp. is focused on the acquisition, exploration, and development of precious and base metals in Mongolia, with plans to bring the Bayan Khundii Gold Mine into production in late 2025 [8]. - The company is listed on both the Toronto and Mongolian stock exchanges and has interests in three mining licenses and an exploration license in Southwest Mongolia [8].