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Trapper target emerges as Saga’s top titanium-vanadium plot in Labrador
MINING.COM· 2026-01-06 00:48
A drill rig at Saga’s Trapper target in Labrador. Credit: Saga Metals Initial drilling by Saga Metals (TSXV: SAGA; US-OTC: SAGMF) at its Radar iron-titanium-vanadium project in Labrador is revealing high grades at shallow depths that show its Trapper target rivals the nearby Hawkeye zone. Shares jumped.Highlight hole R-0009 cut 296 metres grading 39.75% iron oxide, 7.46% titanium oxide (Ti02) and 0.25% vanadium oxide (V2O5) from 2.5 metres depth, including 63 metres at 44% iron oxide, 9% Ti02 and 0.25% V2O5 ...
Metal Source Mining Announces $1.02 Million Private Placement with Eric Sprott and Provides Exploration Update
TMX Newsfile· 2025-12-24 19:28
Core Viewpoint - Metal Source Mining Inc. has announced a non-brokered private placement financing of 3,400,000 units at a price of $0.30 per unit, resulting in gross proceeds of $1,020,000 [1][2]. Financing Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.40 for two years [2]. - The sole investor in this offering is Eric Sprott, who will acquire all 3,400,000 units for a total of $1,020,000 [2]. Regulatory and Closing Information - All securities issued will be subject to statutory hold periods under Canadian securities laws, and the offering is expected to close on or before December 31, 2025, pending necessary regulatory approvals [3]. Exploration Update - The company is currently drilling at the Silver Hill Project, with Hole 4 completed and additional drill holes planned as part of the ongoing exploration phase [4]. - Further updates will be provided as drilling progresses and analytical results are available [4]. Company Overview - Metal Source Mining Inc. is a Canadian exploration company focused on acquiring, exploring, and developing high-quality precious and base metal projects in mining-friendly jurisdictions [5].
Viridian Releases Initial 2025 Drill Results Confirming Shallow, Continuous Sulphide Mineralization at Kraken
Globenewswire· 2025-12-10 13:00
Core Insights - Viridian Metals Inc. has reported initial assay results from its 2025 drilling program at the Kraken Main Zone, confirming continuous near-surface sulphide mineralization across 80 meters of strike, with additional assays pending from 360 meters of drilled strike [1][10] - The drilling results indicate several holes with over 20-meter mineralized intervals, including high-grade copper zones, reinforcing Kraken as one of the shallowest and most extensive magmatic sulphide systems in Canada [1][5] Drilling Results - The initial five drill holes have confirmed continuity over more than 600 meters of trend, with the mineralized unit extending at least 5 kilometers based on geophysical signatures [3][5] - Specific drill hole results include VKS25-024 with 24.05 meters at 0.77% CuEq and VKS25-026 with 20.25 meters at 0.64% CuEq, showcasing significant mineralization [4][7] Mineralization Characteristics - The sulphide mineralization shows consistent characteristics, with sulfur analyses indicating approximately 5–30% sulphides, and some intervals reaching up to 66% sulphides, which is unusual for Canadian magmatic sulphide systems [5][6] - The mineralized drill holes are spaced along a more than 5-kilometer EM-defined trend, highlighting the potential significance of the Kraken discovery [5] Future Plans - Viridian is planning an expanded 2026 drilling program to continue step-outs along the 5-kilometer anomaly and test newly identified structural splays for potential sulphide accumulation [11] - Assays for the additional 360 meters of drilled strike are pending, with expectations for continued positive results as the broader mineralized horizon is evaluated [10][11] Company Overview - Viridian Metals is focused on generative metal exploration with an emphasis on environmental responsibility and ethical practices, primarily targeting copper, nickel, and cobalt [18]
Viridian Metals Announces Closing of First Tranche of Financing and Short Form Vertical Amalgamation
Globenewswire· 2025-12-02 21:46
Not for distribution to U.S. news wire services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is pleased to announce that further to its press release dated November 7, 2025 that it has closed a first tranche (the “First Tranche”) of its non-brokered private placement (the "Offering") consisting of the issuance of a combination of: (i) flow-through shares (“Flow-Through Shares”) of the C ...
Metal Energy Completes Phase 1 Requirements for NIV Property Option Agreement
Newsfile· 2025-11-26 21:00
Core Viewpoint - Metal Energy Corp. has successfully completed the first phase of its option agreement for the NIV and West NIV exploration properties, moving closer to drilling in the Toodoggone District of British Columbia [1][2]. Group 1: Option Agreement Details - The Option Agreement allows Metal Energy to earn an 80% undivided interest in the NIV and West NIV properties, with a right of first refusal for the remaining 20% [3]. - The company has issued 862,708 common shares to the optionor and made cash payments totaling $300,000 as part of the first phase of the agreement [4]. Group 2: Project Characteristics - The NIV project is a fully permitted, drill-ready copper-gold-molybdenum project located in a region known for significant porphyry deposits, featuring extensive geochemical and geophysical anomalies [3][5]. - With the addition of the NIV project, Metal Energy's portfolio now includes three high-potential projects, enhancing its focus on critical metals exploration in Canada [5][8].
CORRECTION FROM SOURCE: Supreme Critical Metals Issues Correction to Private Placements News Release
Newsfile· 2025-11-26 19:53
Core Viewpoint - Supreme Critical Metals Inc. issued a correction regarding the exercise price of Warrants in its private placement announcement, clarifying that the correct price is $0.21 per common share, not $0.021 [1][2]. Company Overview - Supreme Critical Metals Inc. is a publicly traded exploration company focused on a diverse portfolio of high-potential properties in silver, copper, uranium, and gold across North America [3]. - The company employs a disciplined, data-driven acquisition strategy targeting mining-friendly jurisdictions with established infrastructure and supportive regulatory frameworks [3]. Offering Details - The Non-Flow-Through Unit financing allows each Warrant to purchase one additional common share at a price of $0.21 for a period of 24 months from issuance [2]. - No other terms of the Offering have been amended, and all other information from the original news release remains accurate [2]. Additional Information - More information about Supreme Critical Metals can be found on the company's official website [4].
Guardian Metal Resources PLC Announces Exercise of Options Warrants
Accessnewswire· 2025-11-14 18:50
LONDON, UK / ACCESS Newswire / November 14, 2025 / Guardian Metal Resources plc (LON:GMET) (OTCQX:GMTLF), a tungsten exploration and development company, announces that the Company has received a notice to exercise Options over a total 100,000 new ordinary shares of 1 pence each in the Company ("Option Shares") at an exercise price of 0.14p per Warrant Shares, raising £14,000 for the Company. ADMISSION AND TOTAL VOTING RIGHTS Application will be made for the 100,000 Warrant Shares to be admitted to trading ...
New Strong Buy Stocks for Oct. 22: XPL, UVE and More
ZACKS· 2025-10-22 11:51
Group 1: Stock Highlights - Solitario Resources Corp. (XPL) has seen a 33.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - CTO Realty Growth, Inc. (CTO) has experienced a 4.4% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [1] - Maximus, Inc. (MMS) has had a 6.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Gold Fields Limited (GFI) has seen a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Universal Insurance Holdings, Inc. (UVE) has experienced a significant 63.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]
Hercules Metals Closes C$17 Million Financing
Newsfile· 2025-08-14 12:59
Core Viewpoint - Hercules Metals Corp. has successfully closed a brokered private placement, raising C$17,251,150 through the sale of 24,644,500 common shares at C$0.70 per share, with the offering fully subscribed and the Agents' option exercised in full [1] Group 1: Offering Details - The private placement was conducted under the Listed Issuer Financing Exemption, allowing sales in Canada (excluding Quebec) and the U.S. without a statutory hold period [2] - The Agents received a cash commission of 6.0% on gross proceeds, with a reduced commission of 3.0% for certain purchasers on a "president's list" [3] Group 2: Related Party Transaction - A director of the Company participated in the Offering, purchasing 71,400 shares for C$49,980, which is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [4] Group 3: Use of Proceeds - The net proceeds from the Offering will be utilized for exploration and development of the Hercules property in Idaho and for general working capital purposes [5] Group 4: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with its 100% owned Hercules Property hosting the newly discovered Leviathan porphyry copper system [8][9] - The Company aims for growth through continued drilling and has received strategic investment support from Barrick Mining Corporation [9][10]
Opawica Exploration Inc Announces New Chief Financial Officer
Thenewswire· 2025-08-08 11:30
Appointment of New Chief Financial Officer - Opawica Explorations Inc. has appointed Mr. Monty Sutton as Chief Financial Officer, effective immediately [1] - Mr. Sutton has over 35 years of experience in public markets, corporate governance, senior administration, and accounting [2] - His background includes roles as a Management Accountant, Investment Advisor, Equities Trader, and Insurance Specialist, with a focus on resource exploration [2] Company Overview - Opawica Explorations is a junior Canadian exploration company with a portfolio of precious and base metal properties in the Rouyn-Noranda region of the Abitibi gold belt in Quebec [5] - The company aims to increase shareholder value through cost-effective exploration practices and partnerships with industry leaders [5] - Opawica's Bazooka properties cover seven kilometers of the CLLB and are adjacent to the Wassamac gold property owned by Richmont Mines Inc. [6] Leadership Transition - The company expresses gratitude to Ms. Marcy Kiesman for her years of service and leadership, parting on excellent terms [3] - The CEO welcomes Mr. Sutton, highlighting his expertise in public markets, finance, and resource sector governance as valuable for the company's growth strategy [4]