Precious Metals Exploration
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Kingman Completes Drone Magnetic Survey and Advances Drill Permitting at Mohave Project
TMX Newsfile· 2026-01-29 08:01
Core Viewpoint - Kingman Minerals Ltd. has announced the completion of a high-resolution drone-based magnetic survey and has filed a Bureau of Land Management Notice of Intent to conduct exploration for a Phase III drill program at its Mohave Project in Arizona [1][5]. Group 1: Survey and Technical Work - The company completed a high-resolution drone magnetic survey covering approximately 305 line-kilometres with 30-metre line spacing at about 25 metres above ground level [3]. - The survey utilized a high-sensitivity potassium magnetometer and included data correction for diurnal variation, producing standard magnetic products such as Total Magnetic Intensity (TMI) and Reduced-to-Pole (RTP) [3]. - The immediate goal of the magnetic survey was to confirm drill locations for permitting, with depth-to-source estimates indicating that magnetic features deepen rapidly to the northwest [4]. Group 2: Drilling Plans - The proposed Phase III drill program aims to test the Southwick vein corridor extensions southeast of the Rosebud Mine area within the Mohave Project [7]. - The company intends to mobilize and commence drilling promptly once the BLM application is approved [5][7]. Group 3: Future Processing and Analysis - The magnetic dataset will undergo further processing, including three-dimensional Magnetic Vector Inversion (MVI) modeling to refine interpretations of structural geometry at depth [4]. - Results from the magnetic survey will be integrated with historical mapping and geochemical sampling, with updates to be provided as processing and interpretation are completed [4].
10 Best Debt-Free Penny Stocks to Buy Right Now
Insider Monkey· 2026-01-16 18:02
Core Insights - The article discusses the potential of small-cap stocks, particularly debt-free penny stocks, as investment opportunities in 2026, driven by a rotation from large-cap stocks and a favorable macroeconomic outlook [1][4][5]. Small-Cap Market Trends - Small-cap companies have shown strong performance, with the Russell 2000 index rising 13% in 2025, indicating a shift in investor focus from large-cap stocks to small-cap stocks with lower valuations [1][2]. - Francis Gannon from Royce Investment Partners anticipates that small-cap earnings, which have been stagnant, are beginning to recover, contributing to continued outperformance against larger indices [3]. Economic Outlook - Goldman Sachs' portfolio strategy team predicts that small-cap stocks will benefit from an improving U.S. economic growth outlook, below-consensus inflation, and ongoing Federal Reserve easing [4][5]. - The Russell 2000 index reaching a new record high suggests a significant breakout in small-cap stocks as investors move capital away from overextended technology giants [6]. Methodology for Stock Selection - The article outlines a methodology for identifying the best debt-free penny stocks, focusing on U.S. stocks with a market capitalization of at least $1 billion and trading below $5 per share, with an enterprise value to market cap ratio of 1.0 or below [8]. - The selection process also considers stocks with a potential upside of at least 20% and high hedge fund ownership, leveraging data from hedge fund databases [9][10]. Featured Debt-Free Penny Stocks - **Evotec SE (NASDAQ:EVO)**: Expected stock upside potential of 65.29%, with recent grants from the Gates Foundation aimed at improving access to biotherapeutics and potential benefits from Amgen's acquisition of Dark Blue Therapeutics [11][12][13][14]. - **Integra Resources Corp. (NYSE:ITRG)**: Anticipated stock upside potential of 32.20%, having eliminated corporate-level debt through the conversion and repayment of a convertible debenture facility, strengthening its financial position for the DeLamar project [15][16][17][18][19].
Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Sees Optimistic Price Target Amidst Precious Metals Exploration
Financial Modeling Prep· 2025-12-23 02:05
Core Viewpoint - Vizsla Silver Corp. is focused on the exploration and development of silver and gold properties, particularly the Panuco silver-gold project in Mexico, aiming to enhance its market position in the precious metals sector [1] Analyst Price Targets - Matthew O'Keefe from Cantor Fitzgerald has set a bullish price target of $7 for VZLA, indicating a potential increase of approximately 21.42% from its current price of $5.765 [2][6] - Roth Capital has also raised its target price for Vizsla Silver to $7.00 while maintaining a "buy" rating [2][6] - The average 12-month price target among analysts is $5.13, reflecting a more conservative outlook compared to the bullish targets [3][6] Stock Performance - As of the latest trading session, Vizsla Silver's stock opened at $5.19, showing a 0.8% increase, and is currently priced at $5.79, reflecting an increase of 7.73% with a change of $0.42 [4] - The stock has fluctuated between a low of $5.46 and a high of $5.82 during the trading session, marking its highest price for the year [4] - Over the past year, VZLA has experienced a low of $1.67 and a high of $5, with a current market capitalization of approximately $1.99 billion [5]
Goldstorm Metals Geophysical Surveys Define New Exploration Drill Targets on the 100% Owned Crown Property, Located in the Golden Triangle of British Columbia
TMX Newsfile· 2025-12-15 10:00
Core Insights - Goldstorm Metals Corp. has released an updated analysis of the 2025 Geophysical Programs, which includes Induced Polarization (IP) and Magnetotelluric (MT) surveys, along with geochemical surveys at its 100%-owned Crown Property [1][2] Geophysical Program Results - The 2025 IP and MT programs have enhanced the understanding of the structural framework at the Crown Project, which is crucial for interpreting mineral potential defined by surface mineralization along the Orion Spine [2] - Geophysical results indicate a large intrusive body at depth, potentially the source of surface mineralized veins, reinforcing the exploration model and geological connections with nearby porphyry systems [3] - The combined survey results suggest a mineral belt extending 20 kilometers, hosting over 100 million ounces of gold, 20 billion pounds of copper, and over 400 million ounces of silver [3] Exploration Plans - The Orion Spine area is now drill-ready, with plans for a minimum of 2,400 to 3,000 meters of core drilling in at least six drill holes for Phase 1, and an additional 5,000-6,000 meters for Phase 2 contingent on Phase 1 success [4] - A new gold zone, Delta West, has been discovered ten kilometers south of Brucejack Mines' Valley of the Kings Deposit, consisting of gold-bearing quartz-pyrite veins [5] Anomalies and Targets - The IP and MT programs identified multiple large-scale, high-chargeability and low-resistivity anomalies coinciding with previously identified mineralization zones along the Orion Spine [7] - Seven conductive zones have been prioritized, with four classified as first-priority and three as second-priority, alongside 26 chargeability anomalies [7] Company Background - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in the Golden Triangle of British Columbia, which is known for high-grade gold deposits [12]
Carlton Precious Provides Esquilache Project Update
Globenewswire· 2025-12-01 12:00
Core Insights - Carlton Precious Inc. is advancing its Esquilache Silver project in Southern Peru, which covers 1,600 hectares and was historically mined by Hochschild Mining PLC, producing over 1 million tonnes of ore with significant silver, zinc, lead, and gold grades [1][2] Group 1: Project Update - The company has submitted an application for a FTA drilling permit to the Peruvian Ministry of Mines and Energy, but it has been advised to upgrade to a DIA drill permit, which requires a more detailed environmental approach and community consultations [2] - Carlton plans to implement a 5,000 metre core drilling program once the DIA is approved, aimed at estimating a reportable mineral resource and potentially leading to engineering programs and feasibility studies due to rising silver prices [3] Group 2: Company Background - Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, with projects in key mining jurisdictions including Peru and Australia [5]
Batero Gold Announces Reinstatement Date for Trading on the TSX Venture Exchange
Newsfile· 2025-11-10 23:23
Core Points - Batero Gold Corp. announces that its common shares are expected to resume trading on the TSX Venture Exchange on November 12, 2025 [1] - The company is focused on developing the La Cumbre Gold Project located in Risaralda, Colombia, which is part of the 100% owned Batero-Quinchia Gold Project [2] Company Overview - Batero Gold Corp. is engaged in the exploration of precious and base metals [2] - The La Cumbre Gold Project is situated within Colombia's Mid Cauca gold and copper belt, an area known for its mineral potential [2] Management Statement - The announcement is made on behalf of the board by Diego Heilbrunn Navarro-Grau, Director and CEO of Batero Gold Corp. [3]
GFG Closes Final Tranche of Financing
Globenewswire· 2025-11-07 22:00
Core Points - GFG Resources Inc. has successfully closed the second and final tranche of its private placement financing, raising additional gross proceeds of C$1,581,773, bringing the total aggregate gross proceeds to C$4,119,677 from both tranches [1][2] Financing Details - In the second tranche, GFG issued 8,550,128 flow-through common shares at a price of C$0.185 per share [2] - The proceeds from the Offering will be allocated for exploration activities in Ontario, qualifying as "Canadian Exploration Expenses" under the Income Tax Act (Canada) [4] Regulatory Compliance - The FT Shares sold are issued under the Listed Issuer Financing Exemption and will not be subject to a hold period under Canadian securities laws, pending final approval from the TSX Venture Exchange [3] Related Party Transactions - Directors and/or officers of GFG purchased a total of 786,667 FT Shares in the second tranche, which is exempt from formal valuation and minority shareholder approval requirements [5] Finder's Fees - The Company paid cash finder's fees totaling C$25,529.42 in connection with the Offering [6] Company Overview - GFG Resources Inc. is focused on precious metals exploration, operating three gold projects in the Timmins gold district of Ontario, which has produced over 70 million ounces of gold [8]
Batero Gold Announces Reinstatement of Trading of the TSX Venture Exchange
Newsfile· 2025-11-07 20:40
Core Viewpoint - Batero Gold Corp. has successfully reinstated trading of its common shares on the TSX Venture Exchange following the resolution of a cease trade order, allowing the company to refocus on its La Cumbre Gold Project in Colombia [1][2]. Group 1: Trading Reinstatement - The TSX Venture Exchange has accepted Batero Gold's application for reinstatement of trading, which is expected to occur soon [1]. - The cease trade order issued by the British Columbia Securities Commission was resolved successfully, having been issued on August 6, 2025, and revoked on August 12, 2025 [1]. Group 2: Management and Future Focus - CEO Diego Heilbrunn expressed gratitude to shareholders for their patience during the reinstatement process and acknowledged the frustration caused by the lack of an active trading market amid rising gold prices [2]. - The new management has implemented procedures and systems aimed at advancing the La Cumbre Gold Project in Risaralda, Colombia [2]. Group 3: Company Overview - Batero Gold Corp. is focused on precious and base metals exploration, with the primary objective of developing the La Cumbre Gold Project, which is part of the 100% owned Batero-Quinchia Gold Project located in Colombia's Mid Cauca gold and copper belt [3].
GFG Closes First Tranche of Financing
Globenewswire· 2025-11-04 10:50
Core Viewpoint - GFG Resources Inc. has successfully closed the first tranche of its private placement financing, raising gross proceeds of C$2,537,904, with Alamos Gold Inc. acquiring an approximate 11.1% interest in the company [1][2]. Financing Details - GFG issued 11,411,438 premium flow-through units at a price of C$0.2224 per unit, which includes one common share and one-half of a share purchase warrant, with each warrant allowing the purchase of an additional common share at C$0.24 for 24 months [2]. - The offering is compliant with National Instrument 45-106, allowing the securities to be issued without a hold period under Canadian securities laws, pending final approval from the TSX Venture Exchange [3]. Related Party Transactions - Alamos purchased 2,211,438 units for C$353,830, increasing its total ownership to approximately 11.1% of GFG's common shares post-offering [4]. - Insiders of GFG, including directors and officers, purchased an aggregate of 2,406,250 Premium Units, exempt from formal valuation and minority shareholder approval requirements [5]. Additional Information - The company paid cash finder's fees totaling C$7,200 in connection with the offering [6]. - GFG Resources is focused on precious metals exploration, particularly in Ontario and Wyoming, with significant gold projects in the Timmins gold district [8][9].
GFG Upsizes Flow-Through Private Placement
Globenewswire· 2025-10-29 22:25
Core Points - GFG Resources Inc. has announced an increase in its private placement of premium flow-through units and flow-through shares to raise gross proceeds of up to C$4.23 million [1][2] Offering Details - The offering will consist of up to 11,880,188 Premium Units priced at C$0.2224 each and up to 8,550,129 FT Shares priced at C$0.185 each, with a maximum aggregate gross proceeds of C$4.23 million [2] - Each Premium Unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.24 for 24 months [2] - The offering is expected to close on or about November 3, 2025, subject to necessary approvals, including from the TSX Venture Exchange [3] Regulatory Compliance - The FT Shares and Premium Units will be offered under the Listed Issuer Financing Exemption, meaning they will not be subject to a hold period under Canadian securities laws [4] - The company may pay finder's fees of up to 6% of the aggregate gross proceeds raised [3] Insider Participation - Certain insiders of the company are expected to participate in the offering, which will be considered a related party transaction [5] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements for this participation [5] Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in gold projects located in tier one mining jurisdictions [7] - The company operates three gold projects in the Timmins gold district of Ontario, Canada, which has produced over 70 million ounces of gold [7]