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Churchill Resources Announces Fully Subscribed $700,000 Private Placement and Strategic Leadership Changes to Bolster Growth and Operational Execution
Globenewswire· 2025-06-26 11:00
Core Viewpoint - Churchill Resources Inc. is undertaking a non-brokered private placement to raise up to $700,000 and is implementing a strategic leadership transition to enhance its capital markets presence and operational execution as it advances its projects in Newfoundland and Labrador [1][2]. Private Placement Financing - The private placement will consist of up to 14,000,000 common shares priced at $0.05 per share, with proceeds aimed at advancing exploration activities and general corporate purposes [2]. - The expected closing date for the private placement is around July 9, 2025, pending approval from the TSX Venture Exchange [2]. Strategic Leadership Changes - The leadership transition aims to strengthen the company's strategic and operational capabilities while maximizing continuity benefits [3]. - Conan McIntyre will focus on corporate strategy, capital markets activities, and business development, while Paul Sobie will concentrate on advancing exploration programs [4]. Exploration Focus - Paul Sobie expressed enthusiasm for dedicating full attention to exploration activities at key sites including Black Raven, Taylor Brook, and Florence Lake, aiming to accelerate field programs and maximize asset value [6]. - The Black Raven property is highlighted as a significant exploration opportunity with a polymetallic metal assemblage and historical production evidence, which has not been drilled using modern techniques [7]. Management Experience - The management team and board of Churchill Resources Inc. possess extensive experience in mineral exploration and establishing successful publicly listed mining companies, both in Canada and globally [7].
Drilling Extends Mineralized Zone at ArcWest's Oweegee Dome Cu-Mo-Au-Ag Project
Newsfile· 2025-06-26 03:04
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest") is pleased to provide an update on drill results from the 2024 drill program at its Oweegee Dome Porphyry Cu-Au-Mo-Ag Project in B.C.'s Golden Triangle. The 2024 program was funded and operated by Sanatana Resources (TSX: STA), see Sanatana Resources press release dated November 11, 2024). The program tested two targets on the property: a deep geophysical target (Junction target) and the shallow ...
Hi-View Closes Non-Brokered Private Placement for Gross Proceeds of $480,000
Globenewswire· 2025-06-26 00:00
Core Viewpoint - Hi-View Resources Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $480,000 by issuing 4,800,000 units at a price of $0.10 per unit [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.12 for 36 months [2]. - The company received an exception from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship and approval from independent directors [3]. - The net proceeds will be used for general corporate purposes, including payables and exploration activities on the Toodoggone Projects [4]. Group 2: Finder's Fees and Participation - Finder's fees of 150,000 broker warrants were paid to Haywood Securities Inc., with each warrant allowing the acquisition of one additional common share at $0.12 for 36 months [5]. - No insiders of the company participated in the private placement [5]. Group 3: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region of northern British Columbia, covering 9,749 hectares [6]. - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades, indicating strong exploration potential [6].
Nevada Zinc Completes Sale of Nevada Mineral Claims
Globenewswire· 2025-06-25 23:59
Core Viewpoint - Nevada Zinc Corporation has completed the sale of its mineral claims in Eureka County, Nevada to Minaurum Gold Corp, which includes both owned and leased claims, as part of a strategic move to enhance shareholder value [1][3][10]. Group 1: Transaction Details - The transaction involves 203 mineral claims, including 1 patented claim and 26 unpatented lode claims owned by the Company's subsidiary, as well as 176 unpatented lode claims held through a long-term lease [2]. - Minaurum Gold Corp exercised an exclusive option to acquire 100% of the Company's rights in the owned and leased claims by issuing 3,846,893 common shares valued at $1,000,000 and paying a cash fee of $100,000 [3]. - The transaction was approved by the Company's shareholders on February 7, 2025, and further details are available in the Company's information circular [4]. Group 2: Listing and Financial Implications - Following the transaction, the Company will not meet the Tier 2 Continued Listing Requirements of the TSX Venture Exchange, resulting in its shares being transferred to the NEX Board [5]. - The Company received a secured loan of $173,321.07 from a director, which was used for various operational expenses, and the loan has been extended until repayment is feasible [6][7]. - The loan is considered a related party transaction, and the Company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the low market capitalization impact [8]. Group 3: Strategic Direction - The Company is exploring strategic alternatives to enhance shareholder value, indicating a proactive approach to its financial and operational strategy [10].
Latin Metals Amends Agreement for 100% Ownership of Drill-Ready Cerro Bayo Silver-Gold Project, Santa Cruz Province, Argentina
Globenewswire· 2025-06-25 12:30
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into an amending agreement (the "Amended Agreement") to complete acquisition of 100% of the Cerro Bayo and La Flora Properties ("Cerro Bayo"), located in Santa Cruz Province, Argentina. This follows the receipt of drill permits earlier this year, positioning Cerro Bayo as a fully permitted, drill-ready silver-gold explorati ...
Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership Team
Newsfile· 2025-06-25 12:00
Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership TeamJune 25, 2025 8:00 AM EDT | Source: Lodestar Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Lodestar Metals Corp. ("Lodestar" or the "Company") (TSXV: LSTR) (OTC: SVTNF) is pleased to announce it has officially closed the acquisition of the Gold Run Property ("Gold Run"), a highly prospective gold project located in Humboldt County, Nevada. This milestone follows the ...
Dixie Gold Inc.: 6,000m+ Drill Program Commences at the Preston Uranium Project JV; Updates Other Portfolio Projects
Thenewswire· 2025-06-25 12:00
Core Viewpoint - Dixie Gold Inc. has commenced a summer 2025 drill program at the Preston Uranium Project JV, with a budget of approximately C$3,500,000, targeting multiple high-priority uranium sites [1][5][3] Group 1: Project Update - The drill program at the Preston Uranium Project JV is being managed by Orano Canada Inc. and is expected to cover 6,000m to 7,000m [1] - Dixie Gold holds a 21% interest in the Preston Uranium Project JV, which is anticipated to decline after the drill program [3] - The project area spans approximately 49,635 hectares, adjacent to NexGen Energy Ltd.'s Rook-1 project [1] Group 2: Financial Considerations - The planned all-in budget for the drill program is approximately C$3,500,000 [1] - The company aims to manage project-level dilution rather than company-level equity dilution to maintain shareholder value [3][9] - Future funding requirements are expected to exceed the company's current working capital, necessitating a reassessment of its interests in the Preston Uranium Project JV [5][9] Group 3: Exploration Strategy - Dixie Gold is focused on maintaining a portfolio of exploration interests that provide opportunities for shareholders [7] - The company is monitoring other regional activities, including results from Ramp Metals Inc. and Kinross Gold Corporation, which may influence future project decisions [10][14] - The management emphasizes a balanced approach to exploration and equity dilution, considering the high-risk nature of early-stage mineral exploration [20]
Integral Metals Announces Secured Convertible Debt Financing
Globenewswire· 2025-06-24 23:00
Financing Transaction - Integral Metals Corp. has entered into a secured convertible debt financing transaction with a strategic investor, receiving loan proceeds of US$1,000,000 [1][2] - The loan is set to mature on May 31, 2027, with an interest rate of 12% per annum and is secured by the Company's interests in the Burntwood Property in north Manitoba [2] Conversion Terms - The Lender has the right to convert all or a portion of the principal amount of the outstanding loan into the Company's common shares at a price of $0.94 per share, subject to regulatory approvals [2] Use of Proceeds - The net proceeds from the loan will be used for the development of the Company's business and for general working capital purposes [3] Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to a domestic supply chain for these minerals [5] - The Company holds properties in mining-friendly jurisdictions in Canada and the United States, including the Northwest Territories, Manitoba, and Montana [5]
Mustang Energy Corp. Announces Private Placement of up to C$3.0 Million
Globenewswire· 2025-06-24 21:22
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (“Mustang” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for aggregate gross proceeds of up to C$3,000,000 from the sale of any combination of the following: non-flow through units of the Company (each, a “Unit”) at a price of C$0.14 per Unit;critical ...
Fitzroy Minerals Announces Non-Brokered Life Offering and Concurrent Private Placement for up to a Combined $13 Million
Thenewswire· 2025-06-24 13:15
Core Points - Fitzroy Minerals Inc. plans to complete a non-brokered listed issuer financing exemption (LIFE) private placement, aiming to raise up to $12 million at a price of $0.30 per share, with a minimum offering amount of $8 million [1][2] - The company will also conduct a concurrent non-brokered private placement of up to $1 million through the issuance of up to 3,333,333 shares at the same price [3] - Proceeds from the private placements will be allocated for exploration activities, property commitments, general administrative costs, and working capital [4] Regulatory and Offering Details - The LIFE Offering is conducted under National Instrument 45-106 and will not have a hold period under Canadian securities laws [2] - Securities from the concurrent offering will be subject to a statutory hold period of four months and one day [3] - The closing of the private placements is expected around July 5, 2025, pending TSXV approval [5] Insider Participation - Insiders of the company are expected to participate in the concurrent offering, which may be considered a related party transaction but will be exempt from certain formal requirements [6] Company Overview - Fitzroy Minerals focuses on exploring and developing mineral assets in the Americas, with projects including Buen Retiro and Caballos in Chile, Taquetren in Argentina, and Cariboo in Canada [9]