Mineral Exploration and Development

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Search Minerals Inc. Announces Settlement with Certain Creditors
Newsfile· 2025-07-16 01:27
Group 1 - Search Minerals Inc. has agreed to settle $100,000 of remaining debt through a combination of share issuance and cash payment [1] - The company will issue 203,688 common shares to Todd Burlingame and make a cash payment of $26,600 to Kee Scarp Ltd. [1] - The completion of the share issuance is subject to approval from the TSX Venture Exchange and will have a hold period of four months and one day [2] Group 2 - The share issuance and cash payment are part of a settlement agreement with creditors [1] - The company is required to comply with applicable securities legislation regarding the issuance of shares [2]
Cygnus Metals Limited: Issue of Performance Rights
Globenewswire· 2025-07-11 07:24
Core Points - Cygnus Metals Limited has issued a total of 67,050,000 performance rights to directors, key employees, and consultants under its Omnibus Equity Incentive Plan [1][2] - The performance rights were approved by shareholders during the annual general meeting on May 14, 2025, and are issued under the same terms for key personnel as for directors [2] - The performance rights will vest one year after issuance or upon the successful completion of specific key performance objectives within three years [3] - Each vested performance right can be converted into one fully paid ordinary share and will expire on May 31, 2030, unless exercised before this date [3] - The objective of the Plan is to promote long-term success and shareholder value by aligning the interests of eligible participants with those of the Company [4] Company Overview - Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec, Canada, and Western Australia [6] - The Company is focused on advancing its Chibougamau Copper-Gold Project in Quebec through an aggressive exploration program aimed at resource growth [6] - Cygnus also holds quality lithium assets in the James Bay district of Quebec and has rare earth element (REE) and base metal projects in Western Australia [6] - The management team has a proven track record of transforming exploration success into production enterprises and enhancing shareholder value [6]
Copper Road announces the appointment of a new CEO
Globenewswire· 2025-07-07 11:30
Company Overview - Copper Road Resources Inc. has appointed Mr. Brian Howlett as President and CEO, effective immediately, bringing extensive experience in the junior exploration business [1] - The company aims to generate renewed interest through the acquisition of a new project or business and plans to relaunch its website soon [2] Shareholder Engagement - Mr. Howlett expressed the company's commitment to updating shareholders as warranted regarding future developments [2] - Copper Road remains a significant shareholder of Sterling Metals Corp., holding approximately 7% of the shares outstanding [2]
Nevada Lithium Announces Proposed Warrant Extension
Globenewswire· 2025-06-27 11:00
Core Points - Nevada Lithium Resources Inc. has announced the extension of the expiry date for 19,488,992 outstanding common share purchase warrants to July 7, 2027, from the previous expiry date of July 7, 2025, pending approval from the TSX Venture Exchange [1][2] - The warrants were issued in connection with a private placement completed on February 24, 2023, which raised gross proceeds of $4,585,000, and also through the conversion of $535,998 in promissory notes [1][2] - A total of 995,000 warrants have been exercised to date, with the remaining warrants allowing holders to acquire additional common shares at an exercise price of $0.20 until the new expiry date [2] Company Overview - Nevada Lithium Resources Inc. is focused on mineral exploration and development, primarily through its core asset, the Bonnie Claire Project, located in Nye County, Nevada, where it holds a 100% interest [3] - The Bonnie Claire deposit is divided into two zones: the Lower Zone and the Upper Zone, with significant lithium and boron mineralization identified [4][5] - The Lower Zone has an indicated resource of 275.85 million tonnes at 3,519 ppm lithium and 8,404 ppm boron, while the Upper Zone has an indicated resource of 188.08 million tonnes at 1,074 ppm lithium and 1,519 ppm boron [5]
VIZSLA SILVER ANNOUNCES US$100 MILLION BOUGHT DEAL FINANCING
Prnewswire· 2025-06-23 10:41
Core Viewpoint - Vizsla Silver Corp. has announced a bought deal offering of 33,334,000 common shares at a price of US$3.00 per share, aiming for gross proceeds of approximately US$100 million to advance its Panuco Project and for general corporate purposes [1][3]. Group 1: Offering Details - The Underwriters have an Over-Allotment Option to purchase an additional 15% of the Offering within 30 days, potentially increasing total gross proceeds to US$115 million if fully exercised [2]. - The Offering is expected to close around June 26, 2025, pending necessary regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for exploration, drilling, and development of the Panuco Project, along with working capital and general corporate purposes [3]. Group 3: Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which has a Preliminary Economic Study indicating significant production potential and strong financial metrics [7]. - The project is expected to yield 15.2 million ounces of silver equivalent annually over a mine life of 10.6 years, with an after-tax NPV of US$1.1 billion and an IRR of 86% [7].
Belo Sun Announces Planned Executive Leadership Transition
Globenewswire· 2025-06-19 22:00
Core Points - Belo Sun Mining Corp. announces the resignation of Ms. Ayesha Hira as Interim President & CEO effective July 4, 2025, and she will not seek re-election as a director [1][2] - The company plans to introduce a new leadership team shortly, with Ms. Hira's contributions acknowledged for enhancing stakeholder engagement and securing support from Indigenous Associations in Brazil [2] - Under Ms. Hira's leadership, the company has made significant progress in the Volta Grande Project, including clarifying permitting authority and attracting a new cornerstone investor, which positively impacted share price performance [2] Company Overview - Belo Sun Mining Corp. is focused on mineral exploration and development, particularly gold properties in Brazil, with its primary asset being the 100% owned Volta Grande Gold Project located in Pará State [3]
Copper Lake Announces Results of AGM and Resignation of Director
Globenewswire· 2025-06-17 20:21
AGM Results - A total of 46,955,474 shares, representing 17.36% of the total issued and outstanding shares, were voted at the AGM [2] - Shareholders passed all resolutions, including the re-election of directors, setting the number of directors at five, approval of the stock option plan, and proposed common share consolidation, with votes in favor ranging from 97.68% to 83.74% [3] Director Resignation - Dr. Jeffrey Malaihollo resigned as a director effective June 13, 2025, to focus on other business interests, having been first elected in September 2016 [4] Company Overview - Copper Lake Resources Ltd. is a Canadian mineral exploration and development company with interests in two projects in Ontario, including the Marshall Lake project, which covers approximately 220 square km and has an 82.97% interest in a joint venture [5] - The Marshall Lake project includes the Sollas Lake and Summit Lake properties, which are 100% owned by the company and not subject to royalties, with historical surveys indicating strong conductors [6] Norton Lake Property - The company holds a 69.79% joint venture interest in the Norton Lake property, with an updated NI 43-101 report indicating a mineral resource of 1,795,000 tonnes at an average grade of 0.72% nickel and 0.69% copper, containing 28.3 million pounds of nickel and 27.3 million pounds of copper [7]
Nova Pacific Metals Appoints Dario Garousian to Advisory Board
Newsfile· 2025-06-12 12:30
Core Viewpoint - Nova Pacific Metals Corp. has appointed Dario Franco Garousian to its strategic advisory board, enhancing its government relations and public affairs capabilities as it advances exploration at the Lara Project [1][3][9]. Company Overview - Nova Pacific is a Canadian exploration and development company focused on the Lara Volcanogenic Massive Sulfide (VMS) Project located on Vancouver Island, British Columbia. The company holds an option to acquire a 100% interest in the Lara Project, which has a significant historical resource rich in critical and precious metals [11]. Appointment of Dario Garousian - Dario Garousian brings over 11 years of experience in government affairs and public outreach, having worked as a political strategist and policy advisor to BC Premiers and provincial cabinet ministers. His expertise will assist the company in building partnerships and navigating regulatory dynamics [3][4][5]. - Garousian's background includes extensive engagement with First Nations communities, which is crucial for Nova Pacific as it prioritizes early and meaningful partnerships with Indigenous groups [4][8]. Commitment to Indigenous Engagement - Nova Pacific recognizes the rights of Indigenous Peoples in Canada and is committed to respectful engagement with First Nations communities, particularly regarding its Lara Project, which is located on the Traditional, Ancestral, and Unceded Territories of the Hul'qumi'num Treaty Group [7][8]. - The company aims to align its mineral exploration and development activities with local priorities and cultural protocols, fostering mutually beneficial partnerships with Indigenous groups [8][10].
Metalsource announces change of directors
Globenewswire· 2025-06-06 21:00
Company Overview - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets in Canada [2] - The company's objective is to locate and develop economic precious and base metal properties of merit [2] - The exploration program is focused on the Old Timer Property, located 17 km southeast of Nelson in the Nelson Mining Division of southern British Columbia [2] Recent Developments - James Rogers has resigned as a Director of Metalsource Mining Inc. [1] - The company expressed gratitude for Mr. Rogers' services on the Board and wished him well in future endeavors [1]
Bunker Hill Announces Closing of $31 Million Combined Equity Financings and Debt Settlements Along with its Major Capital Restructuring
Globenewswire· 2025-06-05 20:51
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed a brokered private placement and a concurrent non-brokered private placement, raising approximately US$26.7 million in total, which will support the construction and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine project in Idaho [1][6]. Equity Offerings - The brokered private placement raised approximately US$6.2 million and included the settlement of approximately US$4.4 million in debt, totaling 40,726,231 units issued [1]. - The non-brokered private placement with Teck Resources Limited raised approximately US$20.5 million, resulting in the issuance of 252,215,751 units at a price of C$0.15 per unit [1][5]. - Teck acquired 195,294,655 units, while Sprott Streaming acquired 10,000,000 units through the brokered placement [1][5]. Capital Restructuring - The company completed capital restructuring transactions, including the conversion of certain outstanding debt into equity and modifications to existing royalty and stream financing arrangements with Sprott Streaming [2][12]. - The restructuring included a reduction of the outstanding principal amount under the Debt Facility from US$21 million to US$15 million and amendments to existing royalty interests [12][13]. Project Development - The construction of the Bunker Hill Mine project is currently 67% complete, with ore being stockpiled underground, and the company aims for a safe and sustainable restart of operations in the first half of 2026 [4]. - The net proceeds from the equity offerings will be utilized to support the construction, start-up, and ramp-up of the Bunker Hill Mine [6]. Shareholder Dynamics - Following the private placements, Teck now holds approximately 23.9% of the issued and outstanding common shares on a non-diluted basis and is considered a "Control Person" of the company [8][19]. - Sprott Streaming now owns approximately 29.6% of the issued and outstanding common shares, also qualifying as a "Control Person" [19]. Investor Rights Agreements - The company has entered into investor rights agreements with both Teck and Sprott Streaming, granting them rights to maintain their percentage interest in future financings and appoint a nominee to the board of directors [10][20]. Related Party Transactions - The transactions with Sprott Streaming and certain directors of the company are classified as related party transactions, with exemptions from formal valuation and minority shareholder approval requirements due to the company's financial hardship [22]. Articles of Incorporation - The company received approval from a majority of its stockholders to amend its articles of incorporation, increasing the total number of authorized shares from 1,510,000,000 to 2,510,000,000 [23]. Company Overview - Bunker Hill Mining Corp. is focused on revitalizing its historic mining asset in Idaho's Coeur d'Alene mining district, aiming to maximize shareholder value while responsibly harnessing the mineral wealth in the region [24].