Mineral Exploration

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Critical One Announces Airborne Geophysical Survey to Build on Existing Antimony Inventory
Globenewswire· 2025-07-14 10:50
Core Viewpoint - Critical One Energy Inc. has awarded a contract to Geotech Ltd. for an advanced airborne geophysical survey over its Howells Lake Antimony-Gold Project, aiming to enhance antimony and gold discoveries and solidify its position in the critical minerals sector [1][2]. Group 1: Project Details - The airborne geophysical survey will cover the entire 13,990-hectare Howells Lake Project, utilizing helicopter-borne VTEM and horizontal magnetic gradiometer technology to map geological structures at depths of over 500 meters [2]. - This survey is the first airborne geophysical survey conducted over the project area in more than two decades, providing high-quality data for identifying mineralization targets [4]. - The project area spans over 25 kilometers of favorable geological structures, which will be crucial for expanding antimony and gold mineralization [2][4]. Group 2: Market Context - Antimony is a critical mineral with high demand due to its applications in military defense, battery technologies, and flame retardants, with over 80% of the global supply controlled by China and Russia [5]. - The Howells Lake Project is strategically located near Ontario's Ring of Fire corridor, positioning the company to address supply chain challenges while advancing gold exploration [5]. Group 3: Company Overview - Critical One Energy Inc. is focused on critical minerals and upstream energy, with a portfolio that includes antimony-gold exploration in Canada and uranium interests in Namibia [7]. - The company aims to leverage its technical, managerial, and financial expertise to create high-value projects and meet the rising global demand for critical minerals [7].
LIFT Closes Sale of 313 Claims in Quebec to Power Metallic Mines for $700,000 in Cash and 6,000,000 Shares
Newsfile· 2025-07-14 07:05
Core Viewpoint - Li-FT Power Ltd. has successfully completed the sale of 313 claims in Quebec to Power Metallic Mines for C$700,000 in cash and 6,000,000 shares, enhancing its financial flexibility and maintaining exposure to future exploration success in the region [1][7]. Financial Details - The transaction includes a cash payment of C$700,000 and 6,000,000 shares of Power Metallic Mines, which represent approximately 2.6% of Power Metallic's outstanding shares, with an estimated market value of C$7 million [5][6]. - The shares are subject to a statutory hold period expiring on November 12, 2025, with half of them also subject to a contractual resale restriction ending on July 11, 2026 [6]. Company Strategy - The sale is part of the company's strategy to unlock value from its portfolio while strengthening its balance sheet and providing additional flexibility to advance core projects [7]. - The company continues to focus on lithium pegmatite projects, with its flagship project being the Yellowknife Lithium Project in Northwest Territories, Canada [9]. Additional Information - The company has granted 20,407 Deferred Share Units (DSUs) to independent directors in lieu of director fees for the second quarter, valued at C$2.51 per DSU [7][8]. - Each DSU represents the right to receive one common share, vesting one year from the grant date [8].
Inspiration Satellite Survey Provides Numerous Gold-Copper Targets Bordering Ramp Metals Inc.'s Rush Copper-Gold-Silver Discovery
Newsfile· 2025-07-14 07:01
Core Insights - Inspiration Energy Corp. has identified numerous gold-copper targets from its recent Atomic Mineral Resonance Tomography (AMRT) satellite survey over the Rottenstone North Gold Project, located in Northern Saskatchewan [1][5] - The targets are situated along the eastern boundary of the property, adjacent to Ramp Metals Inc.'s Rush Cu-Au-Ag discovery, indicating strong exploration potential [1][5] - The company is planning to initiate a drilling program to test these high-priority targets, with permits currently pending [1][5] Company Overview - Inspiration Energy Corp. is a Canadian mineral exploration company focused on acquiring, developing, and exploring high-potential resource assets, with its flagship asset being the Rottenstone North Gold Project [8] - The Rottenstone North Gold Project covers an area of 4,512 hectares and is located approximately 115 kilometers north of La Ronge, Saskatchewan [8] - The company employs a combination of conventional and proprietary technologies, including the AMRT system, to efficiently define drill targets and drive future discoveries [8] Market Context - The current market conditions are favorable, with gold and copper prices at all-time highs, leading to increased interest in the junior mining sector [5] - The results from the AMRT satellite survey have generated optimism regarding the exploration potential of the Rottenstone North Gold-Copper Project [5]
Power Metallic Closes on Li-FT Power Land Acquisition
Prnewswire· 2025-07-14 07:00
Core Viewpoint - Power Metallic Mines Inc. has successfully acquired a 100% interest in 313 mineral claims totaling 167 km² from Li-FT Power Ltd, expanding its land holdings in the Nisk Project Area, which is known for high-grade mineral discoveries [1][7]. Acquisition Details - The acquisition includes a cash payment of $700,000 and the issuance of 6,000,000 common shares, with specific hold periods for the shares as per Canadian securities laws [2]. - Li-FT retains a 0.5% Net Smelter Return (NSR) on the acquired claims, and some claims have underlying royalties and buy-back rights from previous agreements [2]. Company Growth and Strategy - Power Metallic now controls approximately 212.86 km² in the Nisk camp, which includes significant strike lengths on both the northern and southern margins of the basin [1][7]. - The company is focused on advancing the Nisk Project Area, which includes the Nisk, Lion, and Tiger discoveries, and is actively expanding mineralization through drilling programs [6][8]. Financial Reporting Updates - For the recently completed Q2 ended June 30, 2025, the company will reclassify certain investor relations expenses to provide clearer financial reporting, with no impact on previous financial statements [5]. Administrative Changes - Power Metallic has appointed MNP LLP as its new auditor to support its growth and potential listings on senior stock exchanges [4]. Additional Interests - Beyond the Nisk Project Area, Power Metallic has indirect interests in significant land packages in British Columbia and Chile through its 50% ownership in Chilean Metals Inc. [9]. - The company also owns 100% of Power Metallic Arabia, which holds an exploration license in Saudi Arabia's Jabal Said Belt, recognized for its high prospectivity for copper, gold, and zinc [10].
Panther Minerals Terminates Option Agreement For Boulder Creek Uranium Project
Thenewswire· 2025-07-12 03:30
Core Viewpoint - Panther Minerals Inc. has formally terminated its option to acquire the Boulder Creek uranium property in Alaska and returned all associated claims to Tubutulik Mining Company LLC [1][2]. Group 1: Termination of Option - The option agreement for the Boulder Creek Project, initiated on April 13, 2024, automatically ended on June 15, 2025, due to Panther's decision not to make the required annual option payment [2]. - The company has executed a quitclaim deed to relinquish all rights and interests in the 140 Alaska State mining claims associated with the Boulder Creek Project [2]. Group 2: Project Background - The Boulder Creek Project was an early-stage uranium exploration initiative located in a historically uranium-active region [3]. - Initial assessments, data compilation, and site review activities were completed, but the company chose not to advance to the next exploration stage due to seasonal, logistical, and capital considerations [3]. Group 3: Future Commitments - Panther Minerals remains focused on advancing its other high-potential exploration assets across North America and will keep shareholders updated on new developments [4]. - The termination of the Boulder Creek option reflects the company's strategic decision to reallocate resources to more promising projects within its portfolio [8].
Fitzroy Minerals Announces Grant of Stock Options
Thenewswire· 2025-07-12 00:40
Core Points - Fitzroy Minerals Inc. has granted 5,900,000 stock options to directors, officers, and consultants under its stock option plan [1][2] - The options are exercisable at a price of $0.35 per common share until July 11, 2030, with immediate vesting and a hold period of four months and one day [2] - The grant of options constitutes a related party transaction, exempt from formal valuation and minority shareholder approval due to specific exemptions [2] Company Overview - Fitzroy Minerals is focused on exploring and developing mineral assets in the Americas, with projects including Caballos Copper and Polimet Gold-Copper-Silver in Chile, Taquetren Gold in Argentina, and Caribou in Canada [3] - The company's shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQB under the symbol FTZFF [3]
JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000
Thenewswire· 2025-07-12 00:20
Core Viewpoint - JZR Gold Inc. is initiating a non-brokered private placement offering to raise up to $1,500,000 through the sale of 5,000,000 units at a price of $0.30 per unit, which will consist of common shares and warrants [1][4] Group 1: Offering Details - The offering will consist of units priced at $0.30 each, with each unit comprising one common share and one share purchase warrant [1] - The total gross proceeds from the offering are expected to be up to $1,500,000 [1] - Each warrant will allow the holder to purchase an additional common share at an exercise price of $0.40 for two years after the offering closes [1] - The offering may close in multiple tranches and is subject to regulatory approvals [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund operations of an 800 tonne-per-day gravimetric mill and future exploration work on the Vila Nova Gold project in Brazil [4] - The mill is reported to be fully operational, with minor improvements being made to enhance efficiency [4] Group 3: Regulatory and Compliance - The offering will be conducted under available prospectus exemptions as per applicable securities laws [2] - The securities issued will be subject to a hold period of four months and one day from the date of issuance [3]
Blue Star Announces $2M Non-Brokered Private Placement
Newsfile· 2025-07-11 23:00
Core Viewpoint - Blue Star Gold Corp. plans to raise up to $2,000,000 through a non-brokered private placement, subject to TSX Venture Exchange approval, by issuing flow-through units and regular units at specified prices [1][4]. Group 1: Private Placement Details - The private placement will consist of up to 3,333,333 flow-through units at $0.15 each and up to 10,714,285 units at $0.14 each [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, while each unit consists of one common share and one-half of a common share purchase warrant [2][3]. - The warrants allow the holder to acquire one additional share at a price of $0.20 for one year following the closing date of the private placement [3]. Group 2: Use of Proceeds - Proceeds from the sale of units will be allocated for general working capital, while proceeds from flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Nunavut [4]. - The company will renounce qualifying expenditures by December 31, 2025, amounting to at least the total gross proceeds raised from the issuance of flow-through units [5]. Group 3: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [6]. - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources and numerous exploration targets [6]. - The future deep-water port at Grays Bay is located 40-100 km north of the properties, enhancing logistical advantages for the company's projects [6].
Domestic Metals Extends Non-Brokered Private Placement
Globenewswire· 2025-07-11 21:30
Group 1 - Domestic Metals Corp. has requested a 30-day extension for its non-brokered private placement, with no material changes to the terms [1] - The company focuses on discovering large-scale copper and gold deposits in historical mining project areas across the Americas [3] - The Smart Creek Project, located in Montana, features widespread copper mineralization and multiple attractive exploration targets [4] Group 2 - Domestic Metals Corp. is led by an experienced management and technical team with a successful track record in mine discovery and financing [4] - The company emphasizes its commitment to exploring economically favorable grades indicated by historic drilling and sampling [3]
Gold'n Futures Announces Property Acquisitions and Assignment of Claims
Thenewswire· 2025-07-11 20:35
Core Viewpoint - Gold'n Futures Mineral Corp. has completed a strategic corporate restructuring involving the acquisition of six British Columbia companies and the assignment of non-core mineral claims in Newfoundland and Labrador, aimed at strengthening its asset base and simplifying its capital structure [1][4]. Acquisition Details - The company acquired all issued and outstanding shares of six British Columbia-incorporated companies, which own mineral claims in south-central British Columbia, resulting in Gold'n Futures holding 100% legal and beneficial interests in these claims [2][3]. - The acquired BC Claims are located in a key area of British Columbia's copper-porphyry belt, near Rock-Creek Canyon and the Eagle Plains rare-earth extension zone, with potential for copper-gold and rare-earth mineralization [3]. Debt Elimination - In a concurrent transaction, the company assigned the Brady Claims in Newfoundland and Labrador to a director, Stephen Wilkinson, in exchange for the release of $220,537.59 in outstanding shareholder loans and other indebtedness, significantly improving the company's balance sheet [4]. Board Approval - The Board of Directors unanimously approved both the acquisition and the assignment transactions, with no finder's fees involved and no change of control of the company resulting from these transactions [5].