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Happy Creek Announces $3,250,000 Private Placement
Thenewswire· 2025-07-15 11:00
Core Viewpoint - Happy Creek Minerals Ltd is initiating a non-brokered private placement to raise up to C$3,250,000 to advance its Fox Tungsten Project and other exploration initiatives in British Columbia [1][2][3] Financing Details - The private placement consists of charity flow-through units (FT Units) priced at C$0.07 and non-flow-through units (NFT Units) priced at C$0.05 [1] - The offering includes a lead investment from Waratah Capital Advisors Ltd [2] - Each FT Unit comprises one flow-through common share and one half of a common share purchase warrant, while each NFT Unit consists of one common share and one half of a common share purchase warrant [2] Use of Proceeds - Funds raised will be allocated to drilling, exploration, and development of the Fox Tungsten Project, as well as for general working capital [3] - A 10,000 metre drill program is planned for the current exploration season to expand the project's resource base [2] Tax Implications - FT Shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [4] - The company will incur qualifying expenditures equal to the gross proceeds from the issuance of FT Shares by December 31, 2026 [4] Related-Party Transactions - Directors, management, and insiders may participate in the offering, which is considered a related-party transaction but is exempt from formal valuation and minority approval requirements [5] Finder's Fees and Closing Conditions - The company may pay finders' fees in accordance with applicable securities laws [6] - Securities issued will be subject to a hold period of four months and one day from the closing date and require necessary approvals [6] Company Overview - Happy Creek Minerals Ltd focuses on discovering and building resources in British Columbia, with projects including the high-grade Fox Tungsten deposit and others [9][10] - The company is committed to responsible mineral resource development and maintaining relationships with Indigenous communities [12]
Sankamap CEO Joins Board of McEwen Inc.
Newsfile· 2025-07-15 09:30
Core Insights - Sankamap Metals Inc. CEO John Florek has been appointed to the Board of Directors of McEwen Inc., a recognized producer of gold, copper, and silver [1][4] - Florek's extensive experience in exploration and resource development is expected to enhance McEwen's strategic direction [2][4] - Florek will maintain his role at Sankamap while contributing to McEwen, aligning with the advancement of Sankamap's Oceania Project in the Solomon Islands [3] Company Overview - Sankamap Metals Inc. is a Canadian mineral exploration company focused on high-grade copper and gold deposits, particularly through its Oceania Project [5] - The Oceania Project is strategically located in the Solomon Islands, an area known for world-class copper-gold deposits, including Newcrest's Lihir Mine, which has a resource of 71.9 million ounces of gold [5][10] Exploration Activities - Exploration is actively progressing at the Kuma and Fauro properties, part of the Oceania Project, which have shown significant mineral potential [6] - At Kuma, historical sampling has indicated elevated gold values, with a notable sample showing 11.7% copper and 13.5 g/t gold [7] - The Fauro property has revealed promising results, including 8.0 meters at 27.95 g/t gold and grab samples up to 173 g/t gold [8]
Metals Creek Closes Second Tranche of Private Placement Financing
Newsfile· 2025-07-14 21:35
Core Viewpoint - Metals Creek Resources Corp. has successfully closed a second tranche of its Private Placement Financing, raising a total of $60,000 through the issuance of flow-through and non-flow-through units [1][2]. Group 1: Financing Details - The company issued 2,500,000 flow-through units at $0.02 each, consisting of one flow-through common share and one half of a common share purchase warrant, with full warrants exercisable at $0.05 for three years [1]. - Additionally, 500,000 non-flow-through units were issued, each consisting of one common share and one common share purchase warrant, also exercisable at $0.05 for three years [1]. - The company has requested an extension of the financing period by 30 days, until August 11, 2025 [2]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration activities on the company's properties in Newfoundland and Ontario, including target generation through prospecting on the Ogden project [3]. - The company will ensure that the Canadian exploration expenses qualify as flow-through mining expenditures under the Income Tax Act (Canada) [3]. Group 3: Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in Ontario, with its common shares listed on the TSX Venture Exchange under the symbol "MEK" [4]. - The company holds a 50% interest in the Ogden Gold Property from Newmont Corporation, which includes the former Naybob Gold mine located 6 km south of Timmins, Ontario [4]. - Metals Creek has an 8 km strike length of the prolific Porcupine-Destor Fault [4].
Argyle Responds to OTC Markets Request on Recent Promotional Activity
Newsfile· 2025-07-14 21:27
Core Viewpoint - Argyle Resources Corp. has responded to a request from OTC Markets regarding promotional activities related to its common shares traded on the OTCQB market, clarifying its relationship with a third-party marketing firm and the nature of promotional materials distributed [1][2][3]. Group 1: Promotional Activities - On July 8, 2025, OTC Markets informed Argyle about certain promotional activities, including a newsletter published by Euro Digital Media Ltd. discussing the Company and the critical minerals industry [2]. - The Company extended an advertising agreement with the Service Provider on July 4, 2025, which has been in place since July 31, 2024, for investor relations and advertising services [3]. - The Company provided publicly available information for marketing materials, which were reviewed for factual accuracy, and does not believe the promotional materials contained materially false or misleading statements [4]. Group 2: Trading Volume and Investor Interest - The Company does not attribute any increase in trading volume of its common shares primarily to the promotional activities, but rather believes these materials increased investor interest and awareness [5]. - Management is not aware of any officers, directors, or controlling shareholders selling securities of the Company in the past 90 days, except as reported on the System for Electronic Disclosure by Insiders [6]. Group 3: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America, owning a 100% interest in several silica projects in Québec [8][9]. - The Company has an option to acquire additional properties, including the Clay Howell Rare Earths Project in Ontario and the Frenchvale Graphite Property in Nova Scotia [9].
Canter Resources Completes Debt Settlements
Newsfile· 2025-07-14 20:30
Core Points - Canter Resources Corp. has issued 2,200,000 common shares at a deemed price of $0.07 per share to settle debts totaling $154,000 related to past management and consulting services [1][2][3] - The debt settlements are classified as related party transactions, with key executives receiving shares through their respective companies [2][3] - The shares issued are subject to a statutory hold period of four months following the debt settlements [4] Company Overview - Canter Resources Corp. is focused on critical mineral exploration, specifically advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA [5] - The company is employing a phased drilling approach at Columbus to explore brine targets for lithium-boron enrichment and aims to build a portfolio of high-quality projects to support technology and clean energy supply chains in North America [5]
Tom Kishchuk Joins MAX Power as Senior Strategic Advisor for Natural Hydrogen Development
Newsfile· 2025-07-14 11:30
Company Overview - MAX Power Mining Corp. has appointed Tom Kishchuk as Senior Strategic Advisor for Natural Hydrogen Development, bringing over three decades of experience in technical and business leadership [1][2] - The company is focused on the Natural Hydrogen sector, holding approximately 1.3 million acres (521,000 hectares) of permits for exploration, positioning itself as a first mover in this rapidly growing market [7] Key Contributions and Experience - Tom Kishchuk has significant experience in developing Saskatchewan's nuclear power supply chain and has served on the Board of Directors for the Sylvia Fedoruk Canadian Centre For Nuclear Innovation [2] - He has also been involved with the Global Institute for Energy, Minerals and Society (GIEMS) as a Special Advisor, indicating his strong ties to energy innovation in Saskatchewan [2] Strategic Importance - Kishchuk's expertise is expected to enhance MAX Power's strategic initiatives, bridging exploration and development scenarios effectively [6] - The company aims to leverage Kishchuk's experience in discussions with various local and global parties to advance its objectives in the Natural Hydrogen sector [6] Future Outlook - MAX Power is positioned to capitalize on the increasing demand for clean energy sources, with Kishchuk expressing excitement about the potential of Natural Hydrogen as a cost-effective power source [3][6] - The company is actively managing multiple streams of development, indicating a proactive approach to its growth strategy in the energy sector [6]
SRQ Resources Intersects Intrusive Magmatic Complex at Target 900 and Identifies New High-Priority Targets at Lac Brulé
Globenewswire· 2025-07-14 11:00
Core Insights - SRQ Resources Inc. has intersected the intrusive magmatic complex at Target 900 and identified new geophysical targets at Lac Brulé, indicating potential for nickel-copper massive sulphide accumulation [1][4] - The drilling results from hole LB-25-30 show significant mineralization, including pentlandite, chalcopyrite, and pyrrhotite, supporting the exploration model [2][4] - The company is advancing its exploration systematically, with plans for further drilling to confirm the potential of the identified targets [4][5] Drilling and Geological Findings - Diamond drill hole LB-25-30 was terminated at a depth of 1,389 meters within a magmatic intrusive complex, revealing Ni-Cu-rich pods [2] - Initial observations suggest that LB-25-30 may have drilled below the main anomaly predicted by the Ambient Noise Tomography (ANT) model [3] - Downhole Transient Electromagnetic (DHTEM) surveys are being conducted to refine targeting for follow-up drilling [3] Exploration Strategy - The next planned hole, P-02, aims to target the magmatic complex at a steeper angle to intersect potential mineralized zones more directly, with a planned depth of approximately 1,200 meters [4] - Expanded airborne gravity surveys have been completed, delineating excellent target zones comparable to Target 900, enhancing exploration potential [5] Company Background - SRQ Resources Inc. is a Canadian-based metals company focused on exploring for nickel, copper, and platinum in Québec, owning 1,173 exploration claims covering 243 km² [11]
Mogotes Metals Announces Closing of Third and Final Tranche of Private Placement of Units
Newsfile· 2025-07-14 11:00
Mogotes Metals Announces Closing of Third and Final Tranche of Private Placement of UnitsJuly 14, 2025 7:00 AM EDT | Source: Mogotes Metals Inc.Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce that, further to its press releases of June 2, 2025, June 16, 2025 and July 7, 2025, the Company has closed the third and final tranche of its non-brokered private placement through the issu ...
Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District
Newsfile· 2025-07-14 11:00
Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone DistrictJuly 14, 2025 7:00 AM EDT | Source: Sun Summit Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its ongoing project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia (the "JD Project"). ...
Homeland Announces Change in Auditor
Thenewswire· 2025-07-14 11:00
Group 1 - Homeland Nickel Inc. has changed its auditor from Scarrow and Donald, LLP to MNP LLP effective July 7, 2025, due to exposure to United States assets [1] - The Former Auditor resigned on January 30, 2025, and the board appointed the Successor Auditor until the next Annual General Meeting [1][2] - There were no modified opinions in the Former Auditor's reports for the last two financial years, and the resignation and appointment were approved by the board of directors [2] Group 2 - The Notice of Change of Auditor and required letters from both auditors have been reviewed by the audit committee and filed on SEDAR [3] - Homeland Nickel is focused on critical metal resources, with nickel projects in Oregon and copper and gold projects in Newfoundland [4] - The Company holds a significant portfolio of mining securities, including shares in Canada Nickel Company Inc., Noble Mineral Exploration Inc., Benton Resources Inc., and Magna Terra Minerals Inc. [4]