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Sterling Metals Announces Exploration Agreement with Garden River First Nation
Accessnewswire· 2025-09-19 11:30
Core Viewpoint - Sterling Metals Corp. has entered into an exploration agreement with Garden River First Nation to foster a cooperative relationship regarding the Soo Copper project in Ontario [1] Group 1: Agreement Details - The exploration agreement was dated September 8, 2025, and aims to promote a respectful relationship concerning the 100%-owned Soo Copper project [1] - The agreement also covers any additional mining claims or properties that Sterling may acquire within the traditional territory of GRFN [1] Group 2: Company Statements - Mathew Wilson, President and CEO of Sterling, expressed satisfaction with the signing of the exploration agreement, highlighting it as a demonstration of the positive working relationship with GRFN [1]
[Video Enhanced] NexMetals Metallurgy Results Create a Potentially Quicker and Cheaper Pathway to Production
Thenewswire· 2025-09-11 12:30
Core Viewpoint - NexMetals Mining has achieved a significant metallurgical breakthrough at its Selebi Mines in Botswana, allowing for the production of both copper and nickel concentrates, which may reduce capital expenditures and operational complexities [1][3][4]. Company Overview - NexMetals Mining owns two previously-producing copper-nickel-cobalt mines in Botswana, a Tier 1 mining jurisdiction [1]. - The Selebi Mines were operational from 1980 to 2016, producing 40 million tonnes of ore before being placed in Care & Maintenance due to low metal prices and smelter issues [2]. Metallurgical Breakthrough - The metallurgical program has created the option to produce saleable copper and nickel concentrates without the need for an on-site smelter, leading to significant reductions in capital expenditure and operational complexity [3][4][9]. - Initial recoveries show a copper concentrate with a grade of 27.6% and an 87% recovery rate, while nickel concentrate has a grade of 10.5% with a 55.9% recovery rate [7][8]. Economic Context - The demand for critical metals, particularly copper, has surged due to the green energy transformation, with copper prices increasing by 92% over the last five years, from USD $2.36/lb to $4.50/lb [11]. - Botswana's economy, traditionally reliant on diamond exports, is looking to diversify through copper production, which is seen as a key area for job creation and economic growth [16][17]. Future Prospects - The results from the metallurgical advancements will be incorporated into an updated mineral resource estimate, expected to show significant improvements over previous estimates [19]. - The company has received substantial investment, with a $46 million equity financing round, indicating strong institutional interest in its assets [12].
Kingfisher Metals Reports 234 meters of 1.0% Copper Equivalent, within 558 meters of 0.64% CuEq at HWY 37 Project, Golden Triangle, British Columbia
Accessnewswire· 2025-09-10 09:30
Group 1 - Kingfisher Metals Corp. announced initial results from the 2025 drilling program at the HWY 37 Project [1] - The HWY 37 Project covers an area of 849 square kilometers and is located within the Golden Triangle region of British Columbia [1]
Blue Moon Metals Announces Closing of US$5 Million Private Placement and Initial US$12.5 Million Draw Under Bridge Loan from Hartree/Oaktree to Advance Flagship Nussir Project in Norway
Globenewswire· 2025-09-04 14:35
Core Viewpoint - Blue Moon Metals Inc. has successfully closed a US$5 million non-brokered private placement and received conditional approval for a bridge loan, marking the initial steps of a larger investment package aimed at advancing its Nussir Copper Project in Norway [1][2][3]. Group 1: Investment Details - The company has closed an Initial Equity Subscription of US$5 million with Oaktree, part of a potential US$20 million equity commitment [1][6]. - A bridge loan of US$25 million has been arranged, with the company having drawn US$12.5 million and eligible for a second installment of US$12.5 million upon meeting certain conditions [2][6]. - The total investment package could provide up to US$140 million to support the development of the Nussir Copper Project [3][5]. Group 2: Project Funding and Use of Proceeds - The initial capital from the bridge loan and equity subscription will fund early works and pre-construction activities, including engineering and procurement [5]. - The investment package includes a US$50 million senior secured term loan and a US$70 million redeemable precious metals stream, contingent on certain conditions being met by March 31, 2026 [5][6]. Group 3: Company Overview - Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, which is critical for the global economy [8]. - The company has established local infrastructure for its projects, which include roads and power [8].
Intrepid Metals Amends Property Agreements
Newsfile· 2025-08-29 20:20
Group 1: Agreements and Amendments - Intrepid Metals Corp. has entered into the CC Amendment to acquire 100% of Cave Creek's shares, extending cash payments to November 30, 2025, with an increased payment amount of $435,487.50 and issuance of 38,725 common shares and 220,000 warrants [1][3] - The Mesa Amendment restructures the work commitment for the Mesa Well Copper Property, requiring a total of $2 million in work to be completed by August 2027, eliminating yearly expenditure minimums, with additional cash payments and common shares to be issued upon TSXV approval [2][3] Group 2: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, with several drill-ready projects including the Corral Copper Project and the Mesa Well Project [4]
Intrepid Metals Corp. to Present at the Clean Energy Metals Virtual Investor Conference August 28th
GlobeNewswire News Room· 2025-08-26 19:50
Company Overview - Intrepid Metals Corp. is a Canadian company focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona [4] - The company has acquired or has agreements to acquire several drill-ready projects, including the Corral Copper Project, Tombstone South Project, and Mesa Well Project [4] - Intrepid is traded on the TSX Venture Exchange under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF" [4] Recent Developments - Ken Engquist, CEO of Intrepid, will present at the Clean Energy Metals Virtual Investor Conference on August 28, 2025 [1] - The conference will allow real-time interaction with investors, and an archived webcast will be available post-event [1] - Intrepid has acquired patented mining claims near the Ringo Copper-Gold Zone at the Corral Copper Property, located within 2 km of Ivanhoe Electric claims [7] Project Highlights - At the Corral Copper Project, Intrepid intersected 216.5m of 0.71% copper, 0.28 gpt gold, and 5.14 gpt silver, with a copper equivalent of 0.85% starting from 29m below the surface [7] - A notable section of the drill results included 49.10m of 1.84% copper, 0.78 gpt gold, and 11.41 gpt silver, translating to a copper equivalent of 2.20% [7] Event Information - The Clean Energy Metals Virtual Investor Conference will take place on August 28, 2025, at 3:00 PM ET, with opportunities for one-on-one meetings on August 29, September 2, and 3 [1][2]
VIDEO - CEO Clips CEO Clips - FireFly Metals: Advancing High-Grade Copper and Gold Projects in North America
Newsfile· 2025-08-20 16:00
Group 1 - FireFly Metals is focusing on high-grade copper and gold development at its Green Bay operation in Newfoundland, Canada [1] - The company is supported by a robust high-grade resource, established infrastructure, and strong access to capital [1] - FireFly Metals is advancing toward production with significant exploration potential to support future growth [1]
Discovery of Copper Mineralization in 400 Metre Step-Out Drill Hole, Four Kilometres North of the Mount Polley Mill
Globenewswire· 2025-08-13 00:58
Core Viewpoint - Imperial Metals Corporation has reported significant mineralization discoveries at the Mount Polley mine, with notable copper and gold grades identified in a new exploration drill hole, FP-25-01, indicating potential for further exploration and resource expansion [1][3]. Exploration Results - Drill hole FP-25-01 intercepted two significant mineralized zones: - 7.0 metres grading 0.70% copper and 0.27 g/t gold starting at 383.0 metres - 20.0 metres grading 0.25% copper and 0.96 g/t gold starting at 417.5 metres [1][2]. - The hole was drilled 4.15 kilometres north of the operating Mount Polley mill and 1.2 kilometres from the previously mined Wight Pit, known for high copper grade ore [1][2]. Geological Insights - The mineralization is located 390 metres away from the nearest known mineralized hit, suggesting the potential for additional discoveries in the area [3]. - The presence of native copper in the intercept is unique and raises questions about similar mineralization styles nearby [3]. - The mineralized zones extend over a linear distance of more than 1,500 metres along an interpreted structural corridor, indicating a significant geological feature [3]. Future Exploration Potential - The extent of non-copper-gold bearing magnetite breccia below 437.5 metres suggests extensive hydrothermal activity, supporting further exploration in the surrounding area [3]. - Drilling has been suspended temporarily after the results from FP-25-01, with 16 additional drill holes previously designed to expand resources in the gold-rich C2 Zone [6]. Company Overview - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine, along with other properties including the Huckleberry mine and the Red Chris mine [8].
Nexa Provides Operational Update on Cerro Pasco Complex
Newsfile· 2025-08-12 21:02
Core Viewpoint - Nexa Resources has announced a partial and temporary suspension of mining activities at its Atacocha and El Porvenir mines due to illegal access blockades by a small group from the San Juan de Milpo community, although there has been no material impact on production to date [1][2]. Group 1: Operational Update - The company is currently limiting operations to critical activities to ensure safety and proper maintenance amid the protests [2]. - Nexa's 2025 production guidance remains unchanged, with the Cerro Pasco Complex contributing approximately 1.2kt of zinc per week [3]. Group 2: Community Engagement - Nexa is committed to constructive dialogue with the community and authorities to achieve a peaceful resolution and reaffirms its dedication to the social and economic development of its host communities [3]. Group 3: Company Overview - Nexa is a large-scale, low-cost, integrated polymetallic producer, primarily of zinc, with over 65 years of experience in mining and smelting in Latin America [4]. - The company operates four long-life underground polymetallic mines and one low-cost open pit mine in Peru, along with three smelters in Brazil and Peru [4]. - In 2024, Nexa was among the top five producers of mined zinc globally, according to Wood Mackenzie [5].
One Bullion Ltd. Disposes of Securities of Metalsource Mining Inc.
GlobeNewswire News Room· 2025-08-07 23:57
Core Points - One Bullion Limited has disposed of 5,000,000 common shares of Metalsource Mining Inc., effective August 4, 2025, representing approximately 14.5% of all issued and outstanding shares of the Company [1][2] - Prior to the disposition, One Bullion Limited held 11,226,560 shares, which accounted for approximately 32.5% of the total shares, and after the disposition, it holds 6,226,560 shares, representing about 18.0% [3] Transaction Details - The shares were disposed of through a private purchase and sale transaction, not via any stock exchange [4] - The holdings of the Company by One Bullion Limited are managed for investment purposes, with the potential for increasing or decreasing investments based on market conditions [4]