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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].
Miata Announces Results of AGM
Globenewswire· 2025-12-12 00:51
Group 1 - Miata Metals Corp. announced that all matters presented at the Annual General Meeting on December 11, 2025, were approved, with 23,724,181 common shares represented, accounting for 29.70% of the outstanding shares as of November 4, 2025 [1] - Miata Metals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, OTCQB, and Frankfurt Exchanges, focusing on the acquisition, exploration, and development of mineral properties [2] - The company holds a 70% interest in the Sela Creek Gold Project, approximately 215 km in size, with an option to acquire a full 100% interest, and a 70% beneficial interest in the Nassau Gold Project, also with an option for full ownership [2]
Brixton Metals Closes Tranche 2 Of Its Private Placement
Globenewswire· 2025-12-11 22:03
Core Viewpoint - Brixton Metals Corporation has successfully completed the second tranche of a non-brokered private placement, raising a total of approximately $3.998 million [1][2]. Group 1: Offering Details - The Offering included 250,000 National Flow-Through Units priced at $0.08 each and 56,827,497 Non-Flow-Through Units priced at $0.07 each, resulting in total gross proceeds of $3,997,924.79 [2]. - Each FT Unit and NFT Unit consists of a National Flow-Through Share and a Common Share, respectively, along with one non-transferable warrant that allows the holder to purchase an additional Common Share at $0.10 until December 11, 2028 [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated to incur "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Income Tax Act (Canada), while proceeds from the NFT Units will be used for general corporate purposes [4]. Group 3: Securities and Regulations - The securities issued for the NFT Units are not subject to a hold period due to the offering being completed under the Listed Issuer Financing Exemption [5]. - A finder's fee of $1,200 in cash and 3,364,649 non-transferable warrants was paid to individuals who introduced subscribers to the Offering [6].
Freeport Resources Announces Increase in Private Placement
Newsfile· 2025-12-11 14:15
Core Viewpoint - Freeport Resources Inc. has decided to increase the size of its non-brokered private placement due to heightened market interest, aiming to raise up to $3,500,000 through the offering of up to 116,666,666 units [1][2]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at a price of $0.06 for twelve months [2]. - The first tranche of the offering has been completed, issuing 53,828,332 units for gross proceeds of $1,614,850 [2]. Group 2: Use of Proceeds - Proceeds from the offering are intended for the continued development of the Yandera Copper Project and general working capital, with no plans to use the funds for investor relations activities or payments to non-arms' length parties outside of normal compensation [3]. Group 3: Regulatory and Compliance Information - The company may pay finders' fees to eligible third parties who assist in introducing subscribers to the offering, and all securities issued will be subject to a four-month-and-one-day resale restriction in accordance with applicable securities laws [4]. - Completion of the offering is subject to approval from the TSX Venture Exchange [4]. Group 4: Company Overview - Freeport Resources is a Canadian mineral exploration company focused on advancing the Yandera copper-gold-molybdenum project, one of the largest undeveloped copper-gold deposits globally, covering approximately 245.5 square kilometers in Papua New Guinea [5].
Cascada Silver Corp. To Become ATERRA Metals Inc
Newsfile· 2025-12-11 14:13
Toronto, Ontario--(Newsfile Corp. - December 11, 2025) - Cascada Silver Corp. (CSE: CSS) (OTCQB: CSSCF) ("Cascada" or the "Company") is pleased to announce that it has changed its name to ATERRA Metals Inc. ("ATERRA") to better reflect the Company's focus on copper and gold exploration and development. Cascada recently announced its intention to acquire three advanced copper-gold porphyry properties (the "Properties") in Chile and final binding option agreements on each of the Properties are being finalize ...
Q2 Metals Announces Results of AGM and Year-End Webcast
Globenewswire· 2025-12-11 14:00
Core Points - Q2 Metals Corp. announced that all matters at the Annual General Meeting held on December 9, 2025, were approved, with 73,179,989 common shares represented, accounting for 38.62% of the outstanding shares as of October 24, 2025 [1] - A live year-end webcast presentation is scheduled for December 18, 2025, where management will review the company's 2025 performance and outline plans for 2026 [2] - Q2 Metals is focused on the Cisco Lithium Project located in Quebec, Canada, which is strategically positioned near infrastructure [3] Exploration Potential - The Cisco Project has an initial Exploration Target estimating lithium mineralization between 215 to 329 million tonnes at grades of 1.0 to 1.38% Li2O, based on the first 40 drilled holes [4] - The ongoing 2025 Exploration Program prioritizes infill drilling, with an initial mineral resource estimate expected in Q1 2026, while expansion drilling continues at high-potential targets across the 41,253-hectare project area [5]
Kobrea Receives Approval to Conduct Mineral Exploration at El Destino, Sofi and Cuprum Projects - Western Malargüe Mining District - Mendoza Province, Argentina
Newsfile· 2025-12-11 13:00
Core Viewpoint - Kobrea Exploration Corp. has received approval for mineral exploration activities across all its projects in the Western Malargüe Mining District, following the ratification of Environmental Impact Statements by the Mendoza provincial legislature [1][2][3] Group 1: Project Approvals - The Senate and Chamber of Deputies of Mendoza Province ratified Environmental Impact Statements for 27 exploration projects, allowing Kobrea to proceed with drilling and other exploration activities [1][3] - The approval process included extensive public hearings and technical analysis, demonstrating governmental support for mining in the region [3] Group 2: Company Overview - Kobrea Exploration Corp. focuses on the acquisition and exploration of base metal projects, holding rights to 7 projects covering over 733 square kilometers in southwestern Mendoza Province, Argentina [4] - The company is particularly focused on porphyry copper and copper-gold deposits, with multiple targets identified showing significant geological features [4] Group 3: Future Developments - Construction of access roads and an exploration camp is ongoing at the El Perdido Project, with a maiden diamond drilling program expected to commence shortly [1][2] - The approval of the San Jorge Project, located outside the Western Malargüe Mining District, is seen as a significant advancement for mineral exploration in Mendoza [2]
Magna Terra Exposes Significant Copper Mineralization in Trenches at the Fossil Hill Zone, Rocky Brook Project, New Brunswick
Newsfile· 2025-12-11 13:00
Core Insights - Magna Terra Minerals Inc. has completed its trenching program at the Fossil Hill Zone of the Rocky Brook Project, revealing significant copper mineralization [1][9] - The project is strategically located near Canadian Copper Inc.'s Caribou Mill Complex, enhancing its potential for additional copper-rich deposits [9][10] Trenching Program Results - The trenching program targeted historical grab samples with high copper grades, including 16.65% and 13.84% copper and 0.64% cobalt [2] - Three trenches (T4, T7, and T8) were excavated, totaling 245 meters, with in situ copper mineralization observed in each trench, including a notable 40-meter zone in trench T8 [2][3] Geological Findings - The trenches exposed mafic volcanic and breccia rocks of the Armstrong Formation, with mineralization consisting of malachite, chalcopyrite, and native copper [3] - A total of 93 samples were collected, including 68 grab samples of bedrock and 14 channel samples, with mineralization observed over significant lengths in trenches T4 and T7 [3][4] Future Plans - Stripped sections of the trenches will remain exposed for further mapping and sampling in spring, with analytical results pending from ALS Canada Ltd. [4] - The company plans to advance multiple high-priority targets throughout the Rocky Brook Project in 2026, including areas near the Restigouche Property [9][10] Project Overview - The Rocky Brook Project covers 28,089 hectares and is one of the largest landholders in the Bathurst Mining Camp, known for its rich mineral deposits [10][11] - The project is adjacent to significant historical mining operations and has shown potential for polymetallic mineralization, including copper, cobalt, lead, zinc, gold, and silver [10][12]
Domestic Metals Announces Gord Neal as CEO
Globenewswire· 2025-12-11 12:30
Engages Michael Pound to Provide Investor Relations ServicesVANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces the appointment of Gordon Neal as Chief Executive Officer of the Company. Mr. Neal has had a notable and successful career in the mining and resource sectors. He started as one of the founding members of MAG Silver Corp. before moving on to serve as the VP Corporate Development for Silv ...