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Capstone Copper Resumes Full Operations at Mantoverde
Businesswire· 2025-09-18 20:45
VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Copper Corp. ("Capstone†or the "Company†) (TSX:CS) (ASX:CSC) is pleased to announce that sulphide copper production at the Mantoverde mine in Chile has returned to full operating rates following a period of interrupted production due to a motor failure in the ball mill, as previously announced on August 31st. Five days of planned maintenance is still expected to be conducted at the end of September. ABOUT CAPSTONE COPPER CORP. Capstone Cop. ...
Surge Copper Announces Closing of Strategic Private Placement with African Rainbow Minerals Limited
Globenewswire· 2025-09-18 15:01
Core Viewpoint - Surge Copper Corp. has successfully closed a strategic private placement with African Rainbow Minerals Limited, raising approximately C$4.5 million, which will be used to advance its Berg Project and support exploration activities [1][2]. Group 1: Strategic Placement Details - African Rainbow Minerals Limited purchased 25,781,715 common shares at a price of $0.175 per share, increasing its ownership in Surge to 19.9% [1]. - The total funds raised from this strategic placement and other financing efforts amount to approximately C$10.4 million [2]. - The net proceeds will be allocated to the Berg Project, exploration activities, and general working capital [2]. Group 2: Project Information - Surge Copper Corp. owns a 100% interest in the Berg Project, which has a Preliminary Economic Assessment (PEA) indicating an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [5]. - The Berg Project is located in a safe jurisdiction with access to road, power, and port infrastructure, and contains NI 43-101 compliant resources of copper, molybdenum, silver, and gold [5]. - The company also owns the Ootsa Property, which contains advanced-stage exploration projects with compliant resources of copper, gold, molybdenum, and silver [6]. Group 3: Regulatory and Compliance - The participation of ARM in the strategic placement is classified as a "related party transaction" under TSXV Policy 5.9 and MI 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [3]. - The company did not file a material change report at least 21 days before the closing of the strategic placement, which it deemed reasonable to expedite the process [3]. Group 4: Company Overview - Surge Copper Corp. is advancing a critical metals district in British Columbia, Canada, with a large mineral claim package hosting multiple advanced porphyry deposits [4]. - The company focuses on critical metals essential for modern energy infrastructure and electrification technologies [4].
Faraday Copper Initiates Largest Ever Drill Program at the Copper Creek Project in Arizona
Accessnewswire· 2025-09-18 11:05
VANCOUVER, BC / ACCESS Newswire / September 18, 2025 / Faraday Copper Corp. (" Faraday " or the " Company ") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce that its planned 40,000-metre ("m") Phase IV drill program at the Copper Creek Project, located in Arizona ("Copper Creek") has commenced. Paul Harbidge, President and CEO, commented, "I am excited to announce the start of our Phase IV drill program, the largest drill program ever planned on the project to date. ...
Ivanhoe Mines to Issue Kamoa-Kakula 2026 and 2027 Production Guidance Once Stage Two Dewatering Is Further Advanced
Newsfile· 2025-09-18 10:00
Core Viewpoint - Ivanhoe Mines has commenced Stage Two dewatering at the Kakula Mine, with a medium-term production target of over 550,000 tonnes of copper per annum, and will issue production guidance for 2026 and 2027 once dewatering activities are further advanced [1][5]. Group 1: Dewatering Progress - Stage Two dewatering began on schedule, with three out of four high-capacity submersible pumps installed and operational, achieving a combined pumping rate of approximately 2,600 litres per second [2][11]. - The underground water level in the Kakula Mine has decreased by 10 metres since the commissioning of the pumps, with a total target of reducing the water level by approximately 80 metres [2][3]. - Once all four pumps are operational, the total pumping rate is expected to increase to approximately 6,400 litres per second, or 550 megalitres per day, reducing the underground water level by about one metre per day [3][18]. Group 2: Rehabilitation and Mine Planning - As the water level declines, the underground mining team has started rehabilitating newly dewatered areas, focusing initially on areas needed for repositioning the Stage One pumping infrastructure [4][18]. - Mine planning and scheduling are well advanced to support the ramp-up of underground mining activities, with a target of restoring copper production to over 550,000 tonnes per annum [5][18]. - The majority of the Stage Two dewatering is expected to be completed by the end of November 2025, allowing for further physical inspection of the newly dewatered areas [3][9].
Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu
Globenewswire· 2025-09-18 10:00
Core Viewpoint - Osisko Metals Incorporated has announced new high-grade drill results from the Gaspé Copper Project, indicating significant growth potential in the deposit, particularly around the E Zone horizon [2][12]. Summary by Relevant Sections Drill Results - The latest drilling program has revealed 26 mineralized intercepts from six new drill holes, with infill intercepts aimed at upgrading inferred mineral resources to measured or indicated categories, while expansion intercepts may lead to additional resources [4][5]. - Notable drill holes include: - **30-1106**: 39.0 meters averaging 0.40% Cu and 3.58 g/t Ag [6][10]. - **30-1109**: 133.7 meters averaging 1.04% Cu and 6.48 g/t Ag [6][11]. - **30-1110**: 1091.5 meters averaging 0.20% Cu, confirming continuity of mineralization [13]. - **30-1111**: 304.5 meters averaging 0.17% Cu, extending mineralization to a vertical depth of 936 meters [14]. Mineralization Characteristics - The Gaspé Copper mineralization is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [15]. - Historical mining terms such as "porcellanite" are used to describe the altered host rock, which contains the bulk of the disseminated copper mineralization [15]. Resource Expansion Plans - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper and lateral expansions towards Needle East and Needle Mountain [17]. - The November 2024 MRE indicated 824 million tonnes averaging 0.34% CuEq and inferred resources of 670 million tonnes averaging 0.38% CuEq [25]. Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has acquired a 100% interest in the Gaspé Copper mine, which is strategically located near existing infrastructure in Québec [25][26].
Analysis-Anglo-Teck merger to unlock Chile mine synergies, if Glencore signs off
Yahoo Finance· 2025-09-18 06:03
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) -The proposed Anglo American-Teck merger has revived long-standing ambitions to share infrastructure at two major mines in northern Chile, but analysts say the plan could face hurdles to gain buy-in from Swiss miner and trader Glencore. Glencore is an equal partner with London-listed Anglo at Collahuasi, one of the world's largest copper deposits that sits about 10 kilometers (6.21 miles) from Canadian miner Teck's flagship Quebrada Blanca mine. ...
Novo Resources (OTCPK:NSRP.F) 2025 Conference Transcript
2025-09-18 02:57
Summary of Novo Resources Conference Call Company Overview - **Company Name**: Novo Resources (OTCPK:NSRP.F) - **Listing**: Dual-listed on ASX and TSX, with approximately one-third of shares trading on ASX and two-thirds on TSX [1] - **Business Model**: Focused on greenfields project generation, avoiding projects within 100 kilometers of processing plants [1] Core Business Strategy - **Exploration Focus**: Aiming for large-scale projects, specifically those with over 1 million ounces of gold, rather than smaller projects [2] - **Investment Strategy**: Actively seeking to invest in projects that can be developed to a decision to mine, leveraging a strong balance sheet and cash flow [3][4] - **Geographic Focus**: Primarily based in Australia, with ongoing exploration in Canada [4] Financial Position - **Market Capitalization**: Approximately $40 million [4] - **Cash Reserves**: Between $7 million to $8 million, with additional investments in San Cristobal valued at around $20 million Australian [4] - **Shareholder Base**: Strong support from notable shareholders, including Northern Star, which holds 10% of the register [5] Project Highlights - **Joint Ventures**: Significant joint venture with Northern Star on the Egina project, which is adjacent to the Hemi Gold Project, containing approximately 13 million ounces of gold [8][9] - **Exploration Projects**: - Sherlock Crossing: A gold-antimony target with promising soil numbers [9] - Bala Bala: An early-stage project with ongoing drilling efforts [10] - John Bull: An advanced project with previous drilling showing grades over 1 gram per ton, indicating potential for open-pit resource [11] - Beltopper Project: Located in a gold-rich area with an exploration target of 300 to 600 ounces [14] Exploration and Drilling Activities - **Drilling Strategy**: Emphasis on aggressive drilling to make discoveries, with a disciplined approach to project selection [3][15] - **Geological Work**: Extensive geological mapping and soil sampling to identify and develop new targets [12][13] Future Outlook - **Growth Potential**: The company is focused on major discoveries and expanding its portfolio in both gold and copper [15] - **Funding and Support**: Well-funded for future exploration activities into 2026, with a commitment to continue drilling and exploration efforts [16] Additional Insights - **Market Conditions**: Positive outlook for gold and copper markets, which supports the company's exploration and investment strategies [4] - **Long-term Vision**: The company acknowledges the high-risk nature of exploration but emphasizes the potential for high rewards from successful discoveries [15]
Canadian Critical Minerals Announces $600,000 Flow-Through Financing
Newsfile· 2025-09-17 21:05
Calgary, Alberta--(Newsfile Corp. - September 17, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") announces a flow-through financing for gross proceeds of $600,000, comprised of 17,142,858 flow-through units with an issue price of $0.035 per unit. Each unit will consist of one flow-through share and one-half of one common share purchase warrant that is exercisable into a common share at an exercise price of $0.05 cents per share for a period of three years. Clo ...
Pacific Empire Announces Private Placement
Newsfile· 2025-09-17 11:30
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company"), a copper-gold explorer based in British Columbia, announces its intention to complete a non-brokered private placement (the "Offering") consisting of the following:Hard Dollar Units: Up to 15,000,000 units ("Units") at a price of C$0.035 per Unit for gross proceeds of up to C$525,000. Each Unit will consist of one common share of the Company and one tr ...
Grid Battery Announces the Completion of the First Phase of its 2025 Fall Exploration Program for its British Columbia Gold-Copper Property
Thenewswire· 2025-09-17 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the first phase of its fall exploration program in British Columbia, focusing on gold and copper exploration in a region known for its mining potential [1][5][7]. Company Overview - Grid Battery Metals Inc. is a Canadian exploration company listed on the TSX Venture Exchange, primarily focused on high-value battery metals for the electric vehicle market [15]. - The company has acquired a 100% interest in 17 mineral claims covering approximately 27,525 hectares (about 275 km²) in North Central British Columbia [9]. Exploration Program - The initial exploration program was conducted on two of the five claim blocks, specifically the Jupiter and Starlight blocks, involving assaying, trenching, sampling, and geophysics [7]. - The exploration program aims to follow up on previous work and includes geochemistry across untested magnetic features, with detailed soil sampling and mapping planned for eight targeted areas [7]. Regional Context - The exploration area is strategically located near several promising projects, including NorthWest Copper Corp.'s Kwanika project, which intercepted 400 meters of 1.01% copper equivalent [5]. - The Mount Milligan mine, operated by Centerra Gold, has produced over 1.8 million ounces of gold and 742 million pounds of copper, highlighting the area's mining potential [10]. Historical Exploration Insights - Historical data indicates that the area has been minimally explored, with some recorded results showing anomalous gold levels in stream sediment sampling [11]. - The region is characterized by geological features conducive to porphyry copper-gold deposits, with significant occurrences along the Pinchi Fault [11][12]. Recent Developments - The company has dropped the Volt Canyon Lithium property from its exploration portfolio due to access difficulties and average initial sampling results [13]. - The Texas Springs Property, another asset, has shown promising lithium grades, with a Phase 1 exploration program yielding average lithium grades of 2010 ppm [16].