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Badlands Provides Update on Disposition of Bella Project
Newsfile· 2025-10-22 00:00
Core Viewpoint - Badlands Resources Inc. is advancing the proposed disposition of its Bella Project in South Dakota, following a definitive agreement with Mammoth Minerals Limited for the acquisition of the project [1][2]. Summary by Sections Agreement Details - On May 27, 2025, Badlands entered into a definitive agreement with Mammoth, granting Mammoth the option to acquire the Bella Project. Mammoth paid an initial fee of C$100,000 and will pay an additional C$600,000 along with issuing 17,000,000 ordinary shares to complete the acquisition [2]. Royalty Structure - Upon completion of the acquisition, Mammoth will grant Badlands a 1% net smelter returns royalty on all precious metals and minerals produced from the Bella Project. Mammoth retains the right to repurchase this royalty for C$500,000 within five years of closing [3]. Transaction Review Process - The disposition constitutes a "reviewable transaction" as it involves more than 50% of Badlands' assets, requiring approval from the TSX Venture Exchange (TSXV) and the company's shareholders. Badlands plans to seek shareholder approval through written consent [4]. Shareholder Approval - Mammoth has already received shareholder approval for the acquisition and intends to exercise its option to acquire the Bella Project once all closing conditions are met [4].
Ares Strategic Mining Closes Second Tranche of LIFE Offering
Thenewswire· 2025-10-21 21:30
Core Viewpoint - Ares Strategic Mining Inc. has successfully closed the second tranche of its unit offering, raising a total of $5,499,850, bringing the aggregate amount raised under the LIFE Offering to approximately $10.5 million [1][2]. Group 1: Offering Details - The second tranche involved the issuance of 12,221,889 units at a price of $0.45 per unit [1]. - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each warrant exercisable at $0.55 for two years [3]. - The company amended its offering document to allow for the issuance of up to 12,222,220 units under the amended LIFE Offering [2]. Group 2: Finder's Fees - In connection with the closing of the second tranche, the company paid $267,965.98 in cash and issued 595,480 finder's warrants as finder's fees [4]. - Each finder's warrant allows the holder to acquire one common share at a price of $0.55 for two years, subject to a 4-month hold period [4]. Group 3: Hedging Arrangements - Concurrently with the second tranche closing, the company entered into hedging arrangements with Sorbie Bornholm LP, utilizing $1 million of the proceeds to acquire UK government bonds as credit support [6]. - The hedging transactions will be settled in 24 monthly tranches based on the volume-weighted average price of the common shares against a benchmark price of $0.63 [7]. - If the common share price meets or exceeds the benchmark, the company could receive more than $1 million over the settlement period [7]. Group 4: Correction of Previous Announcement - The company corrected a previous announcement regarding the exercise price of the first tranche finder's warrants, clarifying that the correct price is $0.55, not $0.45 [5].
CAT Strategic Announces Rights Offering
Newsfile· 2025-10-21 13:25
Core Viewpoint - CAT Strategic Metals Corporation is initiating a rights offering to its shareholders, allowing them to purchase additional units at a specified price, aimed at raising funds for business expansion and working capital [1][8]. Rights Offering Details - Shareholders will receive one transferable right for each common share held, allowing them to subscribe for one unit at a subscription price of $0.0075 per unit [2]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of an additional common share at $0.05 for a period of 60 months [2]. - The offering is not subject to a minimum subscription level, with a maximum of 277,793,411 units available, potentially raising approximately $2,083,450.58 [3]. Trading and Expiry Information - Rights will trade on the Canadian Securities Exchange under the symbol "CAT.RT" until November 21, 2025, after which unexercised rights will be void [4]. - Eligible shareholders can subscribe for additional units on a pro rata basis if available, after fully exercising their rights [5]. Subscription Process - Registered shareholders in eligible jurisdictions must submit their subscription forms and payment by November 21, 2025 [6]. - Rights certificates will not be mailed to shareholders outside eligible jurisdictions unless they can prove eligibility [7]. Use of Proceeds - Proceeds from the rights offering are intended for future business expansion opportunities and general corporate purposes [8]. Company Overview - CAT Strategic Metals focuses on sourcing and advancing mineral properties, primarily in lithium, copper, gold, silver, and tellurium [10].
Orosur Mining Inc. Announces New Corporate Investor Presentation
Accessnewswire· 2025-10-16 15:05
Core Viewpoint - Orosur Mining Inc has conducted an Investor Presentation on October 15, 2025, which is now available for viewing on the company's website [1] Company Information - Orosur Mining Inc operates in Colombia, Argentina, and Nigeria as a mineral explorer and developer [1] - The company can be contacted through various representatives, including Louis Castro (Executive Chairman) and Brad George (CEO) [1] Investor Communication - The presentation can be accessed via the company's investor relations page [1] - Additional information can be found on the company's website and social media platforms [1]
Eloro Resources to Present at the Centurion One Capital 3rd Annual Bahamas Summit
Newsfile· 2025-10-15 22:00
Toronto, Ontario--(Newsfile Corp. - October 15, 2025) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro", or the "Company") is pleased to announce it will be presenting at the Centurion One Capital 3rd Annual Bahamas Summit, a two-day invitation only event taking place at the exclusive Rosewood Baha Mar Hotel from Tuesday, October 28th to Wednesday, October 29th, 2025, in Nassau, Bahamas. Eloro's CEO, Mr. Thomas Larsen, will be presenting and attending investor meetings and will also be ...
Sun Peak Metals Provides Overview of New Projects in Saudi Arabia as Part of SDC Transaction
Accessnewswire· 2025-10-15 11:00
Core Insights - Sun Peak Metals Corp. is advancing towards a definitive agreement to merge with Saudi Discovery Company SPV Limited, which was announced on September 18, 2025 [1] - The merger aims to establish a leading exploration and development company focused on copper and gold projects in the Arabian-Nubian Shield, recognized as one of the most promising and underexplored mineral belts globally [1] Company Developments - The proposed combination with Saudi Discovery Company is a strategic move to enhance Sun Peak's position in the mining sector [1] - The focus on copper and gold projects aligns with current market trends and demand for these minerals [1] Industry Context - The Arabian-Nubian Shield is highlighted as a significant area for mineral exploration, indicating potential growth opportunities in the mining industry [1] - The merger reflects a broader trend of consolidation in the mining sector, aimed at leveraging resources and expertise to capitalize on underexplored regions [1]
Bunker Hill Announces Equity Compensation Grants
Globenewswire· 2025-10-15 01:45
Core Points - Bunker Hill Mining Corp. has approved the grant of 3,980,071 restricted stock units (RSUs) to certain directors and officers, which will vest in increments over the next three years [1] - The board also approved the grant of 626,593 incentive stock options to a certain officer, with an exercise price of C$0.215 and a vesting schedule over three years [2] - The company aims to sustainably restart and develop the Bunker Hill Mine as part of a strategy to consolidate and optimize its mining assets [4] Summary by Category Restricted Stock Units (RSUs) - An aggregate of 3,980,071 RSUs has been granted to directors and officers, vesting in one-third increments on October 14, 2025, June 30, 2026, and June 30, 2027 [1] - Each RSU will convert into one common share at a deemed price of C$0.215 based on the closing price on October 10, 2025 [1] Stock Options - The board approved 626,593 stock options for a certain officer, expiring on October 14, 2030, with an exercise price of C$0.215 [2] - The options will vest in tranches over three years, with specific vesting dates for portions of the options [2] Company Strategy - Under new leadership, Bunker Hill intends to restart and develop the Bunker Hill Mine, focusing on consolidating and optimizing its mining assets primarily in North America [4]
Empire Metals Limited - MRE Confirms World Dominant Titanium Discovery
Accessnewswire· 2025-10-14 06:00
Core Insights - Empire Metals Limited has announced a maiden Mineral Resource Estimate (MRE) for its Pitfield Project in Western Australia, confirming its significant titanium discovery [1] Group 1: Mineral Resource Estimate - The MRE is reported in accordance with the Joint Ore Reserves Committee (JORC) 2012 Code, which is the standard for reporting exploration results, mineral resources, and ore reserves [1] - The MRE includes both Indicated and Inferred categories, indicating a comprehensive assessment of the resource potential at the Pitfield Project [1]
Cornish Metals Announces Exercise of Stock Options and Issue of Equity & PDMR Dealings
Globenewswire· 2025-10-13 06:01
Core Viewpoint - Cornish Metals Inc. has announced that CFO Matthew Hird exercised 750,000 options over common shares, resulting in the issuance of 249,626 new common shares using the net exercise method, which reflects the difference between the exercise price and market value at the time of exercise [1][2]. Share Issuance and Trading - The new common shares will rank pari passu with existing shares and are expected to be admitted to trading on AIM around October 14, 2025 [2]. - The shares were sold at a price of 7.80 pence per share, with settlement due on the same date [3]. - Following the issuance, the total issued and outstanding share capital of Cornish Metals will consist of 1,253,751,619 common shares [4]. Stock Options and Performance Units - The company has a total of 1,300,000 outstanding options with an exercise price of C$0.10, and various other options with exercise prices ranging from C$0.16 to C$0.33, with expiration dates extending to 2029 [5]. - There are also 12,315,951 performance share units outstanding, with no specified exercise price [5]. Regulatory Compliance - The transactions were conducted in accordance with the UK Market Abuse Regulation, and details of the transactions have been disclosed as required [7][8].
Cornish Metals Announces Exercise of Stock Options and Issue of Equity & PDMR Dealings
Globenewswire· 2025-10-13 06:01
Core Viewpoint - Cornish Metals Inc. has announced that CFO Matthew Hird exercised 750,000 options over common shares, resulting in the issuance of 249,626 new common shares using the net exercise method, with shares expected to commence trading on October 14, 2025 [1][2]. Company Actions - The exercise of options was conducted under the company's share option plan approved by shareholders on June 29, 2023, allowing for the issuance of shares equivalent to the net gain from the options [2]. - Following the exercise, Mr. Hird requested the sale of the new common shares at a price of 7.80 pence per share, with settlement due on October 14, 2025 [3]. Share Capital Information - After the issuance of the new shares, Cornish Metals' total issued and outstanding share capital will consist of 1,253,751,619 common shares, with no shares held in treasury [4]. - The company has provided a detailed table of outstanding stock options, warrants, and performance share units, indicating various exercise prices and expiry dates [5]. Financial Instrument Details - The nature of the transaction involved the net exercise of share options, resulting in the issuance of 249,626 shares at a nil price [8]. - The transaction was conducted outside of a trading venue, with the date of the transaction recorded as October 10, 2025 [8]. Company Overview - Cornish Metals is focused on advancing the South Crofty tin project in Cornwall, UK, which is permitted for underground mining and construction of a processing facility [9][11]. - The project is positioned to be the only primary producer of tin in Europe or North America, highlighting the strategic importance of tin as a critical mineral used in electronic devices [11].