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GreenTech Metals Raises $5.2m to Acquire 80% Equity in Historical Munni Munni Project
Small Caps· 2025-12-03 04:41
Core Viewpoint - GreenTech Metals has successfully raised $5.2 million to acquire up to 80% equity in the Munni Munni project, indicating strong investor confidence and strategic importance in the platinum group elements market [1][2][6]. Fundraising and Acquisition - The fundraising involved issuing 95.2 million shares at $0.055 each, reflecting a 20.4% discount to the company's 10-day volume weighted average price of $0.069 [1]. - Investor interest exceeded the initial target of $4 million, fulfilling a key condition for the acquisition of the Munni Munni project [2][5]. - The acquisition agreement with Alien Metals allows GreenTech to acquire up to 80% of the Munni Munni project, which includes four mining leases and two exploration tenements [3]. Project Development - Proceeds from the fundraising will be allocated to immediate work programs at Munni Munni, including a 20-hole drilling campaign aimed at establishing a maiden mineral resource estimate [2]. - GreenTech has expanded its landholdings to over 500 square kilometers in the West Pilbara region by acquiring two additional exploration tenements [4]. Market Context - The project is strategically important due to growing global demand and tightening supply for platinum group elements, which enhances its economic viability [6]. Management and Technical Expertise - New appointments to the board and management aim to enhance technical expertise and expedite exploration efforts at Munni Munni [6]. - Stefan Murphy, a new non-executive director, brings over 20 years of experience in mining and project development, which will be beneficial for advancing the Munni Munni project [7][9]. - Dr. Kevin Frost has been appointed as a technical advisor, leveraging his extensive experience in discovering and evaluating mineral deposits, which will strengthen GreenTech's exploration capabilities [10][12].
Michael Nederhoff Joins the Board of Directors of Powermax Minerals Inc.
Newsfile· 2025-12-03 00:30
Michael Nederhoff Joins the Board of Directors of Powermax Minerals Inc.December 02, 2025 7:30 PM EST | Source: Powermax Minerals Inc.Toronto, Ontario--(Newsfile Corp. - December 2, 2025) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) ("Powermax" or the "Company") wishes to announce a board change, effective immediately, Michael Nederhoff will join the board of directors replacing the Michael Malana. The Company wishes to thank Mr. Malana for his service.Michael Nederhoff has a ...
Military Metals Provides Update on Financing and Files Amended LIFE Offering Document
Newsfile· 2025-12-02 22:53
Core Viewpoint - Military Metals Corp. has successfully completed its non-brokered private placement under the Listed Issuer Financing Exemption, with the offering expected to close around December 4, 2025 [1][5]. Financing Update - The company is fully subscribed for its previously announced private placement, which was initially disclosed on November 21, 2025 [1]. - The completion of the offering is contingent upon standard conditions, including the receipt of funds and delivery of units [1]. - An amended offering document has been filed, detailing eligible finders and their compensation for securing investors [1]. Company Overview - Military Metals Corp. is based in British Columbia and focuses on the acquisition, exploration, and development of mineral properties, particularly in antimony [4].
Panther Minerals Announces Resignation of Director
Thenewswire· 2025-12-02 22:00
Group 1 - Panther Minerals Inc. announced the resignation of Mr. Robert Birmingham as a Director, effective immediately [1] - The Board of Directors is in the process of evaluating potential candidates to fill the vacancy and will provide updates as necessary [1] - Panther Minerals is focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential [2] Group 2 - Panther Minerals trades on the CSE under the symbol PURR, the OTC under the symbol GLIOF, and in FWB under the symbol 2BC [2] - The company is based in North America and specializes in mineral acquisition and exploration [2]
Brunswick Exploration Announces Non-Brokered Private Placement of $1.5M
Globenewswire· 2025-12-02 21:30
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; “BRW” or the "Corporation") is pleased to announce a non-brokered private placement (the "Offering") of up to 7,500,000 common share of the Corporation to be sold as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) and the Taxation Act (Québec) (the “FT Shares”) at a price of ...
Surge Announces Entering into Joint Venture with Evolution Mining Limited
Newsfile· 2025-12-02 18:22
Core Viewpoint - Surge Battery Metals Inc. has established a joint venture with Evolution Mining Limited to advance the Nevada North Lithium Project, marking a significant step in lithium asset development in the U.S. [10] Group 1: Joint Venture Agreement - Surge Battery Metals USA Inc. and Evolution Mining Limited have entered into a joint venture agreement to develop the Nevada North Lithium Project [1] - The joint venture will be implemented through Nevada North Lithium, LLC, focusing on completing a Preliminary Feasibility Study (PFS) [2] Group 2: Contributions and Ownership - Surge US has contributed all its mining claims and mineral rights for the NNLP, while Evolution has contributed its 75% mineral interest in an 880-acre private land portion and additional mineral rights in over 21,000 acres [3] - Surge US will initially hold a 77% ownership interest in the joint venture, with Evolution holding 23% [5] - Evolution is obligated to fund up to CAD$10,000,000 for the PFS, with an initial CAD$3,000,000 expected by December 5, 2025 [5] Group 3: Governance and Management - The joint venture will be governed by an Operating Committee, consisting of five appointees, with Surge US appointing three and Evolution appointing two [6] - Surge US will act as the general manager of the NNLP as long as it holds more than a 50% ownership interest [7] Group 4: Strategic Importance - The partnership aims to accelerate the development of one of the most promising lithium assets in the U.S., addressing the growing demand for critical battery metals [10] - Surge Battery Metals is positioned as a key player in securing domestic lithium supply through its engagement in the Nevada North Lithium Project [15]
King Global Drilling Encounters High-Grade Polymetallic Veins of Silver, Gold, Lead, Zinc and Antimony
Thenewswire· 2025-12-02 14:05
Core Insights - King Global Ventures Inc. has announced positive results from its recent diamond drill program at the Silver Cord Project, indicating the presence of a polymetallic vein system with significant mineralization [1][8][12] Drilling Program Details - The drill program consisted of eight holes totaling 9,000 feet, targeting induced polarization anomalies beneath the historic Silver Cord Mine [1][6] - Significant intersections included high-grade silver, lead, zinc, and antimony mineralization, with notable results from holes SC-25-004 and SC-25-007 [6][8] Mineralization Findings - The drilling confirmed a polyphase Ag-Pb-Zn-Sb vein system within the Spud Mountain stratigraphy, with multiple polymetallic intervals identified [2][8] - High-grade intervals included 619.6 grams (21.8 ounces) per tonne silver and 1,175.0 grams per tonne antimony [6][8] Geological Insights - The results suggest a model for multiple mineralizing pulses and stacked mineralized zones, with the Silver Cord structural corridor acting as a hydrothermal pathway [8][10] - Observed metal zonation indicates a transition from early Zn-Pb-Cu veinlets to broader Ag-Pb-Zn veins, consistent with multi-phase mineralizing systems [9][10] Future Plans - The company plans to initiate the next phase of drilling in Q1 2026 to further explore the high-grade intervals and test the structural corridor [13][12] - The ongoing exploration aims to better understand the geometry and continuity of the mineralized zones [12][13]
Doubleview Provides Cobalt Resource Summary for the Hat Polymetallic Deposit in Advance of Updated MRE and PEA
Newsfile· 2025-12-02 13:45
Core Viewpoint - Doubleview Gold Corp. is preparing to release an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Hat Polymetallic Deposit, highlighting its significant cobalt resource as a key component of the project [1][4]. Cobalt Resource Summary - The Hat Deposit is noted to potentially contain one of the largest undeveloped cobalt inventories in Canada, with cobalt occurring as a by-product associated with copper and pyrite mineralization [2][4]. - The indicated resource includes 150 million tonnes with 28 million pounds (approximately 12,700 tonnes) of cobalt at a grade of 0.008% Co, while the inferred resource consists of 477 million tonnes with 91 million pounds (approximately 41,300 tonnes) of cobalt at a grade of 0.009% Co [6][11]. Metallurgical Insights - Cobalt is consistently distributed throughout the alkalic porphyry system alongside other metals, and metallurgical tests indicate efficient liberation of cobalt into a clean pyrite concentrate suitable for conventional processing [3][4]. Strategic Importance of Cobalt - Cobalt is classified as a critical mineral by several countries, including Canada and the United States, and is essential for high-performance lithium-ion batteries, superalloys, and clean-energy technologies [5][7]. - The Hat Deposit's location in a Tier-1 jurisdiction and its substantial cobalt endowment enhance its long-term relevance as demand for responsibly sourced battery metals increases [4][8]. Project Development Context - The Hat Deposit has undergone multiple exploration campaigns and is expected to advance through necessary evaluation and development stages, potentially contributing to future domestic cobalt supply [8][10].
Glenstar Hires Alloy Drilling for Phase 2 Drill Program at Green Monster Project
Newsfile· 2025-12-02 13:29
Core Viewpoint - Glenstar Minerals Inc. has engaged Alloy Drilling to conduct a Phase 2 drill program at the Green Monster Project following the approval of a permit by the Bureau of Land Management [1][2]. Drilling Program Details - Alloy Drilling will use a track-mounted reverse circulation drill to execute a plan that includes drilling nine holes across four locations, covering approximately 300 meters of strike length exploration [2]. - The drilling will focus on two holes in the area of primary drilling from Phase 1, three holes in the "discovery" zone 150 meters west of the Phase 1 site, and two holes each at two additional sites further west along a mineralized belt [2]. Survey and Planning - The final determination of drill hole locations will be made in consultation with Hasbrouck Geophysics, Inc., based on a report from a Hybrid-Source Audio-Magnetotellurics Survey conducted in mid-November [3]. - The HSAMT survey data was collected at 50-meter intervals along 13 lines over the target zone, which will aid in optimizing drill hole locations, angles, and depths for potential high-grade mineralization [3]. Company Statements and Engagements - Glenstar's CEO, Dave Ryan, expressed anticipation for the HSAMT survey results, which will inform the final drill location plan, with drilling expected to commence in mid-December and conclude before the Christmas holiday [4]. - The company has extended its engagement with Altura Media Co Inc. for an additional CDN$250,000 to provide marketing and investor awareness services, focusing on enhancing Glenstar's visibility in both domestic and foreign markets [4]. Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [7]. - Prior to the recent drill program in May 2025, no drilling had been conducted on the property, but previous sampling in 2022 indicated robust nickel-copper with anomalous cobalt, suggesting several targets suitable for shallow drilling [7][8]. Mineralization Findings - Initial groundwork in 2022 included geological mapping and sampling, revealing significant mineralization with channel samples returning 1.18 meters of 3.77% copper, 3.06% nickel, 0.21% cobalt, and 6.83% zinc [8]. - Additional sampling confirmed the presence of high levels of zinc (>10%) and silver (>200 ppm), along with copper, uranium, and lead [8]. Company Overview - Glenstar Minerals Inc. focuses on exploring and developing critical mineral and energy metal properties essential for advanced electronics and energy technologies [9]. - The company's shares are traded on multiple exchanges, including the Canadian Securities Exchange under the symbol "GSTR" [10].
Silver Elephant Announces a $375,000 Non-Brokered Private Placement
Newsfile· 2025-12-02 13:02
Core Viewpoint - Silver Elephant Mining Corp. is conducting a non-brokered private placement to raise gross proceeds of $375,000 through the sale of 1,500,000 units at a price of $0.25 per unit [1] Group 1: Private Placement Details - The private placement consists of 1,500,000 units, each unit includes one common share and one share purchase warrant [1] - Each warrant allows the holder to purchase one additional share at a price of $0.30 for three years from issuance [1] - Finder's fees of up to 7% will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] Group 2: Related Party Transactions - Certain directors and officers are expected to subscribe for up to 600,000 units for gross proceeds of up to $150,000, which is classified as a related party transaction [3] - The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements under MI 61-101 [3] Group 3: Use of Proceeds and Regulatory Information - The net proceeds from the private placement will primarily be used for general working capital purposes [4] - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue [4] - The private placement is subject to approval by the Toronto Stock Exchange [4] Group 4: Company Overview - Silver Elephant Mining Corp. is a mineral exploration company with gold and silver projects located in Bolivia [5]