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New Age Metals (CVE:NAM) Stock Price Up 32.4% – Here’s Why
Defense World· 2025-12-14 08:03
Group 1 - New Age Metals has a market capitalization of C$24.58 million and a P/E ratio of -61.67, indicating a negative earnings performance [2][3] - The company has a quick ratio of 17.88 and a current ratio of 52.48, suggesting strong liquidity [2][3] - The stock price of New Age Metals rose by 32.4% on a recent Friday, trading as high as C$0.48, with a significant increase in trading volume [5] Group 2 - Fundamental Research set a price target of C$0.95 for New Age Metals, with a "buy" rating from one investment analyst [1] - The stock currently has an average rating of "Buy" and a consensus price target of C$0.95 according to MarketBeat [1] - The company's 50-day moving average is C$0.36, while the 200-day moving average is C$0.29, indicating potential price trends [2]
Metalero Closes Second Tranche of Oversubscribed Private Placement
Newsfile· 2025-12-13 00:12
Core Points - Metalero Mining Corp. has successfully closed the second tranche of its non-brokered private placement, raising a total of $108,679.83 through the sale of 517,523 flow-through units at a price of $0.21 per unit [1][2] - Each flow-through unit consists of one common share and one warrant, allowing the purchase of an additional share at $0.26 for two years [2] - The proceeds from this offering will be allocated to exploration work at the Benson Project, including further sampling and ground geophysics [4] Financial Details - The second tranche generated gross proceeds of $108,679.83 from the sale of flow-through units [2] - Metalero paid $8,694 in cash and issued 41,402 finder's warrants to eligible finders [3] - Each finder's warrant allows the purchase of one common share at $0.21 for two years [3] Project Background - The Benson Project is located in the Quesnel Trough, a significant mineral belt in Canada, known for its copper-gold porphyry occurrences [7] - The project area is accessible via Highway 26 and logging roads, facilitating efficient exploration [9] - Recent AI studies have identified high-potential anomalies in the Benson Project area, indicating the presence of gold and copper mineralization [9] Company Overview - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects in North America [10] - The Benson Project, covering 173 square kilometers, is the company's flagship asset, featuring five prospects with porphyry-related mineralization [10]
North American Niobium and Critical Minerals Corp. Announces Closing of Oversubscribed $1.96m Flow-Through Financing
Globenewswire· 2025-12-12 23:00
Core Viewpoint - North America Niobium and Critical Minerals Corp. successfully closed an oversubscribed private placement, raising approximately $1.96 million through the issuance of flow-through common shares, which will be utilized for exploration expenses in Quebec [1][3]. Group 1: Financial Details - The company issued 1,351,955 flow-through common shares at a price of $1.45 per share, resulting in gross proceeds of $1,960,334.75, exceeding the initially proposed amount [1]. - The total flow-through funding secured for the 2026 exploration program amounts to $4.82 million, positioning the company for strategic exploration initiatives [3]. - Finder's fees paid in connection with the offering included $137,223.43 in cash and 94,636 common share purchase warrants, each exercisable at $1.45 for 24 months [2]. Group 2: Use of Proceeds - The gross proceeds from the issuance of flow-through shares will be allocated to eligible "Canadian exploration expenses" in Quebec, specifically for critical mineral mining expenditures as defined by the Income Tax Act (Canada) [1]. - The company has committed to renouncing qualifying expenditures by December 31, 2025, and incurring such expenses by December 31, 2026 [1]. Group 3: Company Overview - North American Niobium and Critical Minerals Corp. focuses on the acquisition and development of precious, base, and critical mineral assets, with properties including the Silver Lake property in British Columbia and a newly acquired land package in Quebec [5]. - The Quebec properties enhance the company's exposure to rare earth elements, niobium, and nickel-copper occurrences, which are strategically important for energy and defense applications [5].
Critical One Energy Announces CDN$1,000,000 Flow-Through Private Placement
Newsfile· 2025-12-12 22:39
Core Viewpoint - Critical One Energy Inc. is initiating a non-brokered private placement offering of up to 1,000,000 flow-through common shares at a price of CDN$1.00 per share, aiming for gross proceeds of up to CDN$1,000,000 [1][3]. Group 1: Offering Details - The offering will close on or about December 19, 2025, and all securities issued will be subject to a four-month and one-day hold period [3]. - The company may pay finder's fees of up to 6.0% of the gross proceeds raised, which can include cash commissions and common share purchase warrants [2]. Group 2: Use of Proceeds - Proceeds from the sale of the flow-through shares will be used for exploration expenses that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) [3]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold, with projects in Canada and uranium interests in Namibia [4]. - The company is strategically positioned to meet the rising global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise [4].
Silver Elephant Closes First Tranche of Non-Brokered Private Placement for Gross Proceeds of $290,000
Newsfile· 2025-12-12 22:29
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, further to its news release dated December 2, 2025, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $290,000 through the sale of 1,160,000 units (the "Units") at a price of $0.25 per unit. Each Unit consists of one common share of the Company (each, ...
Sun Summit Announces Upsized Non-Brokered Private Placement of up to $11.5 Million
Newsfile· 2025-12-12 22:01
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that, due to significant investor demand, it has increased the maximum gross proceeds of its previously announced non-brokered private placement (the "Private Placement") from $7 million to $11.5 million. The Private Placement includes a combination of: (i) charity flow-through common shares in the capital of the Company (each, a "Ch ...
Terra Balcanica Completes 1200 m of Phase III Drilling at Silver-Antimony Targets in Bosnia and Herzegovina
Globenewswire· 2025-12-12 17:37
Core Insights - Terra Balcanica Resources Corp. has completed the first stage of its 2,100 m Phase III drilling program at the Brezani and Chumavichi targets within the Viogor-Zanik project in Bosnia and Herzegovina [1][3] Phase III Drilling - The 2025 drilling program aims to follow up on previously discovered high-grade polymetallic mineralizations at Brezani and Chumavichi, enhancing geological knowledge at these locations [4] - The drilling campaign faced technical challenges but achieved over 94% average core recovery [7] Brezani Target - Initial drilling at Brezani revealed 88 m from surface of 0.61 g/t AuEq, remaining open along an 850 m long gold in soil anomaly [5] - Deeper drilling discovered an epithermal system, returning 19.6 m at 436 g/t AgEq, indicating numerous epithermal structures trending towards the surface [5][8] Chumavichi Target - The Chumavichi target has confirmed at least three separate vein systems, with previous drilling returning grades of 824.2 g/t AgEq over 4 m, 505.3 g/t AgEq over 11 m, and 284 g/t AgEq over 10 m [6] - The 2025 drilling at Chumavichi encountered similar sulphides to previously reported drillholes, indicating further exploration potential [6] Future Plans - The company plans to test the main Ag-Sb-Zn-As-Bi soil anomaly with additional drillholes and continue exploration at the Chumavichi system [3] - Phase III operations are set to resume in January 2026 after laboratory assays are released [3] Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration in the Balkans and northern Saskatchewan, Canada, holding a 90% interest in the Viogor-Zanik Project [10] - The company emphasizes responsible engagement with local communities and is committed to sustainable practices [10]
Hertz Energy Announces Non-Brokered Private Placement
Newsfile· 2025-12-12 14:15
Core Viewpoint - Hertz Energy Inc. is initiating a non-brokered private placement to raise gross proceeds of up to $440,000 through the issuance of units priced at $0.10 each, which will support general administrative expenses and the advancement of its Lake George Antimony project [1][2][3]. Group 1: Private Placement Details - The private placement will consist of up to 4,400,000 units, each unit comprising one common share and one warrant, allowing the purchase of an additional common share at $0.125 within 36 months from the closing date [2]. - The gross proceeds from the offering will be allocated for general and administrative matters and to advance the Lake George Antimony project [3]. - All securities issued will be subject to a statutory hold period of four months and one day following issuance, in accordance with Canadian securities laws [3]. Group 2: Company Overview - Hertz Energy is a junior exploration company based in British Columbia, focused on acquiring and exploring mineral properties in Eastern Canada, with a strategic portfolio targeting lithium and antimony [5]. - The company's lithium assets include the Agastya Lithium Property in Quebec, which is strategically located near significant lithium projects, and the 26,500-hectare AC/DC Project in Quebec's James Bay Lithium District [6]. - The antimony assets consist of the Harriman Property in Quebec's Gaspé Region and the Lake George Property in New Brunswick, both of which are being explored for antimony and gold mineralization [7].
Nexcel Earns Initial 29.58% Interest in the Burnt Hill Tungsten Project
Newsfile· 2025-12-12 13:00
Core Insights - Nexcel Metals Corp. has earned an initial 29.58% interest in the Burnt Hill Tungsten Project located in New Brunswick, Canada, as part of an option agreement with Cadillac Ventures Inc. and a minority owner [1][3]. Financial Details - The initial 29.58% Property Interest was acquired through a payment of $170,000 in cash and the issuance of $330,000 in common shares, totaling 355,775 shares at a deemed price of $0.78 per share [2]. - The company can earn an additional 28.42% interest, bringing the total to 58%, by paying $250,000 in cash and issuing $600,000 in common shares [3]. Project Overview - The Burnt Hill Project covers approximately 1540 hectares and includes a historical mineral resource estimate (MRE) of 1,761,000 tonnes with an average grade of 0.292% WO3, 0.007% MoS2, and 0.008% SnO2 [6][7]. - The project also has an inferred resource of 1,520,000 tonnes averaging 0.263% WO3, 0.008% MoS2, and 0.005% SnO2 [7]. Strategic Importance - Tungsten is recognized as a critical mineral due to its unique properties and increasing demand in high-tech and defense applications, making projects like Burnt Hill strategically important for securing domestic sources [14][16].
Rokmaster Provides Update on Selkirk Project and Silver Mineralization Targets on other Projects
Prnewswire· 2025-12-12 08:30
Core Insights - Rokmaster Resources Corp. provides an update on its Selkirk Project and highlights the silver potential across its portfolio, indicating strong opportunities for exploration in southeastern British Columbia [1][7]. Selkirk Project - The Selkirk Project consists of three properties located north of Revelstoke, BC, which have shown positive results from geological mapping and sampling since 2021 [2]. - Field work on the Downie Gold Property confirmed a pyrrhotite-diopside-garnet skarn horizon with a strike length of approximately 2.0 km, revealing elevated tungsten and molybdenum results [2]. - The Downie Gold Property has an approved Multi-year Area Based exploration permit for drilling until October 2027 [2]. Keystone Property - The Keystone Property, located 10 kilometers south of the Downie Gold Property, has numerous occurrences of sphalerite and galena mineralization discovered during field work from 2021 to 2024 [3]. - This property also holds a MYAB exploration permit allowing for drilling until October 2027 [3]. Duncan Lake Project - The Duncan Lake Project features significant potential for silver mineralization, with historical mines producing high-grade silver up to 1,555 g/t Ag [5]. - Recent drilling north of the historic Duncan Mine intersected broad intervals of elevated silver concentrations, with results above the average for Kootenay Arc type Pb-Zn deposits [4]. - The No.3 to No.1 showings were trenched and channel sampled in 2025, returning high silver concentrations [4]. Big Copper Property - The Big Copper Property shows coincident copper and silver mineralization along a 4.5 km deformation zone, with soil sampling suggesting potential for galena and silver [6]. - This property may assist in identifying the core of a possible sedimentary Cu-Ag system [6]. Nechako Project - The Nechako Project contains several silver-rich epithermal vein occurrences, with assay results showing up to 614 g/t Ag over 1.2 m and 1,001 g/t Ag over 1.0 m [7]. Corporate Update - Michael Malana has been appointed as the new Chief Financial Officer, succeeding Dennis Cojuco, who served for over a decade [10][11]. - Malana brings over 20 years of international experience in financial management and corporate governance [12].