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Northfield and Juno Welcome Historic Federal-Provincial Agreement to Accelerate Ring of Fire Development
Globenewswire· 2025-12-23 16:01
Canada-Ontario Cooperation Agreement Implements “One Project, One Review, One Decision” Framework Governments Commit to June 2026 Federal Review Completion for Ring of Fire Roads TORONTO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (or “Northfield”) and Juno Corp. (or “Juno”) welcome the recent announcement that Prime Minister Mark Carney and Ontario Premier Doug Ford have signed a historic Cooperation Agreement to eliminate regulatory duplication and accelerate responsib ...
Thesis Gold Commences Environmental Assessment Process for the Lawyers-Ranch Project
Prnewswire· 2025-12-10 11:30
VANCOUVER, BC, Dec. 10, 2025 /PRNewswire/ - Thesis Gold Inc. ("Thesis" or the "Company") (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) is pleased to announce that it has initiated the Environmental Assessment ("EA") and permitting process for the 100%-owned Lawyers-Ranch Gold-Silver Project ("Lawyers-Ranch" or the "Project") at both the provincial and federal levels. Concurrent submission of an Initial Project Description ("IPD") and Engagement Plan ("EP") to the British Columbia Environmental Assessment Office ...
Eni, Azule Energy commission gas treatment plant in Soyo, Angola
Yahoo Finance· 2025-11-28 11:23
Core Insights - Eni, through its joint venture Azule Energy, has inaugurated the New Gas Consortium (NGC) gas treatment plant in Soyo, Angola, marking the country's first non-associated gas development [1][2] - The NGC facility has a processing capacity of approximately 400 million standard cubic feet per day of gas and 20,000 barrels per day of condensate [1] - The gas is sourced from the offshore Quiluma and Maboqueiro fields and is treated for supply to the Angola LNG plant for both export and domestic consumption [2] Project Details - The NGC project was initially operated by Eni before the establishment of Azule Energy, a 50:50 joint venture with bp, which is now the operator of the NGC [3] - The gas treatment plant was commissioned 24 months after the ground-breaking ceremony in October 2023, which is six months ahead of the scheduled timeline [3] - Azule Energy holds a 37.4% interest in the NGC, with other partners including Cabinda Gulf Oil Company (31%), Sonangol E&P (19.8%), and TotalEnergies (11.8%) [3] Economic Impact - Eni stated that the NGC project supports energy diversification and responsible resource development in Angola, while also promoting growth in sectors such as fertilizer production for agriculture [4] - Eni has also finalized an agreement with Argentina's YPF to advance a liquefied natural gas (LNG) project in the Vaca Muerta field, indicating a broader strategy for LNG development [4][5]
Cerro de Pasco Resources Announces Closing of $22.7 Million in Combined LIFE and Non-Brokered Private Placements, Including Participation by Eric Sprott
Globenewswire· 2025-11-07 16:57
Core Viewpoint - Cerro de Pasco Resources Inc. has successfully closed a brokered private placement and a concurrent non-brokered private placement, raising a total of approximately $22.74 million to advance its Quiulacocha Project towards feasibility and pre-construction readiness [1][2][3]. Financing Details - The LIFE Offering raised gross proceeds of $14,998,179.36 through the sale of 31,246,207 units at a price of $0.48 per unit [2] - The concurrent non-brokered private placement generated an additional $7,737,960.00 from the sale of 16,120,750 units at the same offering price [2] - The total gross proceeds from both offerings amount to $22,736,139.36 [1] Use of Proceeds - The net proceeds from the offerings will be utilized to advance technical, environmental, and engineering work necessary for the feasibility stage of the Quiulacocha Tailings Project, along with general corporate purposes [8] - The company is actively engaged in ongoing discussions with relevant authorities to facilitate the next phase of project development [8] Management Commentary - The CEO of Cerro de Pasco Resources emphasized that the financing strengthens the company's financial position to advance the Quiulacocha Project and highlights a commitment to responsible resource development and long-term value creation [3] Participation and Related Party Transactions - Notable participation in the offering includes Mr. Eric Sprott, who invested approximately $4 million for 8,333,333 units [5] - The offering is classified as a "related party transaction," and the company relied on exemptions from formal valuation and minority shareholder approval requirements [6] Securities Information - The securities from the LIFE Offering are immediately freely tradeable, while those from the Concurrent Offering are subject to a statutory hold period expiring on March 8, 2026 [7] Company Overview - Cerro de Pasco Resources focuses on developing its 100%-owned El Metalurgista mining concession in Peru, which contains significant silver-rich tailings and stockpiles from over a century of mining [10] - The company's strategy involves reprocessing and remediating historic mining waste to unlock value while supporting sustainable development [10]
Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut
Prnewswire· 2025-10-06 13:20
Core Insights - Doyon Limited and Aleut have invested a total of US$5.0 million in Graphite One to support the development of the Graphite Creek Deposit [1][2][3] - The investment is part of a strategic initiative to establish a complete domestic U.S. supply chain for advanced graphite materials [1][5] Investment Details - The investment was made through a non-brokered private placement of 8,514,024 units at a price of CDN$0.82 per unit, with each unit consisting of one common share and one warrant [1][2] - Each warrant allows the holder to purchase one common share at CDN$1.03, expiring three years from the closing of the placement [1][2] Use of Proceeds - Gross proceeds from the private placement will be allocated for environmental studies, permitting activities on the Graphite Creek property, and general corporate purposes [2] Corporate Statements - Doyon Limited emphasizes that this investment represents a long-term commitment to responsible resource development in Alaska [3] - Aleut expresses its belief in renewable energy and the importance of graphite as a critical resource for future development [3] - Graphite One acknowledges the significance of these investments from Doyon and Aleut, highlighting the collaboration with Alaska Native Regional Corporations [4] Project Overview - Graphite One aims to create an integrated business operation to produce lithium-ion battery anode materials and other graphite products for the U.S. market [5] - The project will utilize natural graphite from the Graphite Creek Mine in Alaska and will include a manufacturing facility in Warren, Ohio [5] - The U.S. Geological Survey has identified the Graphite Creek Deposit as America's largest natural graphite deposit, with significant increases in size verified in 2023 [5]
Ramaco's Brook Mine Receives 5-Year Mining Permit
Prnewswire· 2025-07-29 12:00
Core Insights - Ramaco Resources, Inc. has received a second 5-year mine permit approval for the Brook Mine, allowing continued coal mining and reclamation activities across 4,548.8 acres in Wyoming [1][2] - The permit signifies compliance with regulatory requirements, enhancing stakeholder confidence in the company's operational capabilities [2] - The Brook Mine Carbon Ore Rare Earth project marks the first new rare earth mine in the U.S. in over 70 years and the first new coal mine in Wyoming in over 50 years, contributing to national efforts to reduce reliance on foreign critical minerals [3] Company Developments - Wyoming Governor Mark Gordon approved a $6.1 million Energy Matching Fund grant to support the construction of a pilot-scale processing facility at the Brook Mine, with construction set to begin later this year [4] - Ramaco Resources operates and develops high-quality metallurgical coal and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [5] - The company has discovered a major deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming, and operates a carbon research and pilot facility related to advanced carbon products [5]