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Sterling Metals Announces Closing of Private Placement to Accelerate Advancement of the Soo Copper Project
Accessnewswire· 2025-11-26 12:30
Core Viewpoint - Sterling Metals Corp. has successfully closed a non-brokered private placement, raising a total of $14,000,098.10 through the issuance of units and charity flow-through units [1] Group 1: Private Placement Details - The company issued 5,244,517 units at a price of $1.50 per unit [1] - Additionally, 2,666,662 charity flow-through units were issued at a price of $2.30 per unit [1] - The total gross proceeds from the offering amounted to $14,000,098.10 [1] Group 2: Management Commentary - Mathew Wilson, CEO and Director of Sterling, expressed gratitude to all participants for their support in this financing [1]
BTU Announces Closing of Over Subscribed Flow Through Financing
Accessnewswire· 2025-11-24 22:25
Core Points - BTU Metals Corp. has successfully closed an over-subscribed non-brokered private placement of flow-through common shares [1] - The company issued 17,700,000 flow-through shares at a price of $0.05 per share [1] - The gross proceeds from this offering amounted to $885,000 [1]
Stonegate Capital Partners Updates Coverage on Heliostar Metals Ltd (HSTR) 2Q26
Newsfile· 2025-11-21 14:20
Core Insights - Heliostar Metals Ltd is advancing its Ana Paula project in Guerrero, supported by a positive Preliminary Economic Assessment (PEA) released in early Q4 2025 [1][6] - The PEA indicates a total recovered production of approximately 875,000 ounces over a nine-year mine life, with an average mill feed of 5.37 g/t gold [1][6] - The project is expected to produce around 101,000 ounces per year at cash costs of approximately US$923 per ounce and an All-In Sustaining Cost (AISC) of about US$1,011 per ounce [1][6] - At a gold price of US$2,400 per ounce, the PEA shows a post-tax Net Present Value (NPV5) of US$426 million and an Internal Rate of Return (IRR) of 28%, with a payback period of 2.9 years [1][6] - Management is focused on engineering, metallurgical work, and a 15,000-meter drill program to upgrade Inferred resources and support a Feasibility Study targeted for mid-2026 [1][6] Financial Performance - The company reported quarterly revenue of US$26.8 million and a net income of US$1.3 million, primarily supported by operations at La Colorada and San Agustin [6] - The path forward includes targeting a feasibility study by mid-2026 and an underground permit amendment in Q1 2026, with early works planned to enable production in 2028 [6]
Firefly Metals boosts Green Bay resource 51% - ICYMI
Proactiveinvestors NA· 2025-11-21 07:51
Core Insights - FireFly Metals Ltd reported a 51% increase in the mineral resource estimate at its Green Bay project, now totaling just under 80 million tonnes at 2.20% copper equivalent, equating to 1.70 million tonnes of copper equivalent [1][7]. Resource Classification - The updated resource classification includes 50 million tonnes in the measured and indicated category, while nearly 30 million tonnes remain in the inferred category [2][8]. - The inferred category contains 19.90 million tonnes grading nearly 4.00% copper equivalent, which is a focus for further drilling to convert into the measured and indicated category [3][9]. Metal Composition - Copper is the dominant metal in the updated resource, with an increase in gold as a by-product credit, while silver content remained largely unchanged [4][10]. - The company does not consider zinc or other metals to be present in significant quantities [4][11]. Ongoing Operations - Eight drill rigs are currently active on-site, with ongoing work to further grow the resource, particularly through regional testing of new gold and silver targets [5][8]. - The company aims to convert high-grade material into the measured and indicated category to support engineering studies planned for release between April and May 2026 [3][9].
What Is TMC The Metal Company's Stock Trending Overnight? - TMC The Metals Co (NASDAQ:TMC)
Benzinga· 2025-11-19 07:52
Core Insights - TMC the metals company Inc. (NASDAQ:TMC) shares have shown significant upward movement, rising 7.38% to $5.82 in after-hours trading on Tuesday [1] Financial Position - TMC reported a total liquidity of $165 million, which includes $121 million in cash after warrant exercises and unused credit lines, indicating strong financial health [2] - CEO Gerard Barron stated that the company has "no need to come to the public markets anytime soon" [2] Regulatory and Economic Developments - The U.S. Department of the Interior and U.S. Geological Survey added copper to the Critical Minerals List, enhancing the strategic importance of all four metals in TMC's polymetallic nodules for the U.S. economy and national security [3] - TMC's economic studies revealed a project valuation of $23.6 billion, including 51 million tonnes of probable mineral reserves and a Net Present Value of $5.5 billion for the NORI-D area [4] - The National Oceanic and Atmospheric Administration (NOAA) has advanced regulatory progress by sending its draft deep-sea mining rule to the White House, which could streamline the license and permit review process for TMC [5] Stock Performance - TMC's stock has experienced a remarkable increase of 495.60% over the past year and is up 351.67% year-to-date, with a market capitalization of $2.24 billion [6] - The stock has traded between $0.72 and $11.35 over the past year, closing at $5.42, up 10.95% on Tuesday [6] Market Momentum - TMC is currently in the 98th percentile for momentum, indicating long-term upward movement alongside medium- and short-term consolidation [7]
TSX-V: TT appoints Rita Theil to Board of Directors
Thenewswire· 2025-11-18 22:15
Company Announcement - Total Metals Corp. has appointed Rita Theil as an Independent Board of Director effective November 18, 2025 [1] - Michael Dehn, Chairman of Total Metals, expressed confidence in Ms. Theil's leadership and governance experience, anticipating benefits from her extensive knowledge as the company advances its projects [2] Board Member Experience - Rita Theil brings over 35 years of advisory and board experience across various industries, particularly in power, energy, infrastructure, and clean tech [3] - She has held board positions in companies listed on TSX, NASDAQ, and other exchanges, and has a background in investment banking with Citibank and Dresdner Kleinwort Benson [3] Current Roles - Rita is currently an Independent Board Member for the Ontario Financing Authority, Maritime Launch Services, and Allstate Insurance Company of Canada, as well as serving on the Independent Review Committee for Franklin Templeton and NewGen Asset Management [4] Women's Mentor Initiative - Over 20 years ago, Rita's firm launched the Women's Mentor Initiative (WMI) aimed at attracting and retaining qualified women in the financial services sector, positively impacting organizational performance [5] Educational Background - Rita holds an LLB and an MBA from the University of Ottawa and is a Chartered Director, also being a member of the Law Society of Ontario and the Law Society in the United Kingdom [6] Stock Option Plan - Total Metals will grant 250,000 Restricted Stock Units (RSUs) to Ms. Theil, which will vest over 24 months, subject to TSX Venture Exchange approval [6] Project Focus - Total Metals Corp. is focused on its 100% owned Electrolode project, covering 3,000 contiguous hectares, targeting high-potential mineral resources in favorable geologic trends near major mines [7] - The Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential [7] - The company also owns the High Lake and West Hawk Lake projects, with the Purex Zone on the High Lake project being a primary target for exploration [7]
Aston Bay and American West Metals Announce New >4-Kilometre Copper Anomaly Identified at the Storm Project, Nunavut, Canada
Accessnewswire· 2025-11-17 12:00
Core Insights - A new copper anomaly measuring 4.1 km by 0.7 km has been discovered, named the Chevron Prospect [1] - The geological features of the Chevron Prospect are similar to those of known copper deposits in the Storm area, indicating a high potential for significant copper discovery [1] Summary by Categories Discovery - The regional soil geochemistry program has identified a strong copper anomaly, highlighting a significant exploration opportunity [1] Geological Features - The Chevron Prospect exhibits a geochemical signature and structural trend akin to existing copper deposits in the Storm area, reinforcing its status as a high-priority target for exploration [1]
Brixton Metals Announces Non-Brokered Private Placement of up to $18 Million
Globenewswire· 2025-11-14 12:30
Not for distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce a non-brokered private placement offering (the “Offering”) of any combination of National Flow-Through Units (“FT Units”) at a price of $0.08 per FT Unit, Critical Mineral Flow-Through Units (the “CMFT Units”) at a price of $0.085 per CMFT Unit, ...
Askari Metals begins copper-gold hunt in Ethiopia - ICYMI
Proactiveinvestors NA· 2025-11-14 07:38
Core Viewpoint - Askari Metals Ltd has initiated a copper and gold exploration program at the Nejo project in Ethiopia, focusing on validating historical drilling data and targeting high-priority prospects [1][2][4]. Exploration Activities - The exploration campaign is the company's first reconnaissance-style program at Nejo, targeting areas such as Guji 1 and Komto 2 in the south, and Katta in the northwest [1][2][7]. - Historical drilling at Katta intersected 140.8 meters at 3.2% copper, with no follow-up since the 1970s, indicating potential for a large VMS-style system [2][10]. Future Plans - Preparations are underway for a planned drilling program in Q4 2025, with efforts to secure a rig, crew, and consumables [3][11]. - The Guji 1 and Komto 2 corridor is a 9-kilometer mineralized strike that remains open in both directions, which is a key focus for future drilling [3][11]. Resource Development - The company aims to reach a maiden resource within 12 months, leveraging refined historical exploration data [4][13]. - The Nejo license covers 1,200 square kilometers, with multiple additional targets to be assessed over time, indicating a long-term exploration strategy [4][15]. Continuous Updates - The exploration program is expected to generate continuous updates over the next two to three years, keeping investors engaged [5][15].
TMC Stock Slips After Q3 Earnings Miss Estimates: What To Know
Benzinga· 2025-11-13 21:47
Core Viewpoint - TMC The Metals Company reported third-quarter earnings that missed analyst expectations, leading to a decline in stock price [1][2]. Financial Performance - The company reported quarterly losses of 14 cents per share, which was worse than the analyst estimate of a 6-cent loss [2]. - Exploration and evaluation expenses for the quarter were $9.6 million, a decrease from $11.8 million in the same quarter last year [2]. Strategic Developments - CEO Gerard Barron highlighted the completion of the Pre-Feasibility Study and Initial Assessment, noting a surge in public and private investment in critical minerals and energy supply chains [3]. - These studies are seen as a significant milestone for the company, laying the groundwork for strategic and policy engagements in a unique market opportunity [3]. Stock Performance - Following the earnings report, TMC stock experienced a decline of 3.29%, trading at $4.81 in extended trading [4].