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Aurania Secures New Exploration Licenses in Brittany, France
Newsfile· 2025-12-10 11:32
Core Insights - Aurania Resources Ltd. has been granted three new exploration licenses for polymetallic metals, including gold, in the Brittany Peninsula of northwestern France through a wholly-owned French subsidiary [1][2] - The French government's decision is seen as an opportunity for local regions to better understand their subsurface resources and secure new metal supplies [2] - The exploration will focus on the South Armorican Shear Zone, which has a history of mineralization including gold, antimony, tungsten, tin, zinc, and copper [4] Exploration Potential - Brittany has a historical significance as a metal producer, with no exploration conducted since the 1980s, indicating significant unexplored potential [3] - Modern exploration technologies could position the Brittany Peninsula as a highly prospective area for mineral exploration [3] - Initial studies by the French Geological Survey confirmed the presence of gold and strategic metals over more than 150 km along the shear zone, with some areas showing exceptional grades [2] Strategic Importance - The Armorican Massif is highlighted as a candidate to meet Europe's growing demand for strategic metals, particularly in light of the European Union's Critical Raw Materials Act, which aims to secure 10% of metal supply from within Europe by 2030 [7] - The French government has shown support for the mining industry, aligning with the objectives of the new national mineral inventory [7][18] - Aurania's selected areas for exploration align with the EU's strategic goals and show strong potential for metals such as antimony, tungsten, tin, zinc, and silver, with by-products of indium [7] Next Steps - The company plans to engage with stakeholders, including local landowners, and prepare for an airborne geophysical survey and subsequent field activities [12]
LIFT Identifies Thousands of Spodumene Grains in an Indicator Mineral Study at the Nottaway Lithium Project, Quebec
Globenewswire· 2025-12-10 08:05
Core Insights - Li-FT Power Ltd. has reported promising exploration results from the Nottaway Lithium Project, indicating a potential lithium-pegmatite discovery opportunity in Quebec [1][3] Exploration Results - In summer 2025, the company collected 49 till samples for indicator mineral analysis, revealing a 1 x 3 km area with elevated spodumene grain counts, suggesting the presence of concealed pegmatite systems [2][4] - The analysis by Overburden Drilling Management (ODM) showed exceptional spodumene counts, with values exceeding 2,000 grains, which are rare in Canadian glacial sediments [3][4] - Significant results included five samples with over 200 spodumene grains, with the best sample yielding over 800 grains from the dense mineral fraction and approximately 1,200 grains from the mid-density fraction, totaling around 2,000 grains [3][4] Geological Context - The Nottaway Project is situated on the southern margin of the Frotet–Evans Greenstone Belt, an area known for hosting large spodumene pegmatites, including the nearby Cisco discovery by Q2 Metals [8] Project Agreement - On January 31, 2025, the company entered into an agreement for an option to purchase the Nottaway Project, which includes cash payments, exploration expenditures, and a 1% net smelter royalty [9][10]
Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty
Globenewswire· 2025-12-09 23:31
Pursuit Minerals acquires the Sascha-Marcelina Projects for a total consideration of ~US$1.5 millionMirasol retains a 1.5% NSR royalty. Following the commencement of commercial production, Pursuit Minerals may buy back the first 0.75% within two years for US$1.5 million, and the remaining 0.75% within three years for an additional US$4 millionRepayment of CAD$2M towards outstanding shareholder loan VANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF ...
Fancamp Announces Intention to Launch Normal Course Issuer Bid
Globenewswire· 2025-12-09 23:01
Core Viewpoint - Fancamp Exploration Ltd. has announced a normal course issuer bid (NCIB) to repurchase up to 12,118,116 common shares, representing approximately 5% of its outstanding shares, as a strategy to enhance long-term shareholder value and address perceived undervaluation of its stock [1][3][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The Board of Directors has authorized the NCIB, which is subject to approval from the TSX Venture Exchange (TSX-V) [1]. - The NCIB is expected to commence around December 16, 2025, and will last for 12 months unless completed or terminated earlier [4]. - The purchases will be made on the open market at prevailing market prices, with the actual number and timing of shares purchased dependent on market conditions [2][3]. Management Commentary - Rajesh Sharma, President and CEO, stated that the NCIB reflects the belief that the current share price does not accurately represent the Corporation's value and future prospects, especially during the Spin Out process [2]. Financial Strategy - The Corporation views the repurchase of its shares as a suitable use of financial resources aimed at increasing long-term shareholder value [3]. - The NCIB is part of a broader strategy to enhance shareholder returns amid ongoing developments in the Corporation's business [3]. Additional Updates - Fancamp has entered into an amendment to an option agreement with Harfang Exploration Inc. to acquire up to an 80% interest in the Egan mineral property, pending TSX-V approval [6]. - The amendment specifies that shares issued to Harfang will be priced based on the volume-weighted average trading price over the preceding 10 trading days, with a minimum price of $0.064 per share [6]. Company Overview - Fancamp is focused on mineral exploration with interests in various high-potential projects across Canada, including copper, gold, zinc, and titanium [7]. - The Corporation holds significant interests in several mining operations and is developing advanced technologies for titanium extraction and waste recycling [8].
Fancamp Announces Intention to Launch Normal Course Issuer Bid
Globenewswire· 2025-12-09 23:01
Core Viewpoint - Fancamp Exploration Ltd. has authorized a normal course issuer bid (NCIB) to repurchase up to 12,118,116 common shares, representing approximately 5% of its outstanding shares, as a strategy to enhance long-term shareholder value and address perceived undervaluation of its stock [1][3][4] Group 1: Normal Course Issuer Bid (NCIB) - The NCIB is subject to approval from the TSX Venture Exchange and is expected to commence around December 16, 2025, lasting for 12 months or until completed [4] - The purchases will be made on the open market at prevailing market prices, with the actual number and timing of repurchases dependent on market conditions [2][3] - The Board believes that repurchasing shares is an appropriate use of financial resources to increase shareholder value [3] Group 2: Management Commentary - Rajesh Sharma, President and CEO, stated that the NCIB reflects the belief that the current share price does not accurately represent the company's future prospects, especially during the spin-out process [2] - The management team is focused on creating value through strategic interests in high-potential mineral projects and monetization opportunities [7][8] Group 3: Recent Developments - Fancamp has entered into an amendment to an option agreement with Harfang Exploration Inc. to acquire up to an 80% interest in the Egan mineral property, contingent on TSX-V approval [6] - The amendment specifies that shares issued to Harfang will be priced based on the volume-weighted average trading price over the preceding 10 trading days, with a minimum price of $0.064 per share [6]
Northern Lights Resources Announces Fully Allocated Upsizing of Non-Brokered Private Placement
Thenewswire· 2025-12-09 22:30
Core Points - Northern Lights Resources Corp. has increased its non-brokered private placement to C$400,000 due to strong investor demand [1] - Each unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.10 for 36 months [1] - Proceeds from the offering will be allocated for exploration on the company's properties and general corporate purposes [1] Offering Details - No finders fees will be paid in connection with the offering [2] - The securities issued will be subject to a hold period of four months and one day from the closing date [2] Company Overview - Northern Lights Resources is focused on three key projects: Horetzky Copper Project, Pup Copper Project, and Secret Pass Gold Project [5] - The company also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada [5] - Northern Lights Resources trades under the ticker "NLR" on the CSE and "NLRCF" on the OTC [6]
Midland Announces Closing of $3.0M Private Placement
Globenewswire· 2025-12-09 21:30
Core Points - Midland Exploration Inc. has completed a non-brokered private placement, issuing a total of 4,972,876 flow-through shares at $0.56 each and 550,000 common shares at $0.46 each, raising total gross proceeds of $3,037,811 [1][2] - Centerra Gold Inc. has exercised its right to maintain approximately 9.9% ownership by acquiring 550,000 shares as part of the private placement [2] - Insiders participated in the private placement, acquiring 443,500 flow-through shares for total gross proceeds of $348,360, which is classified as a related party transaction [3] - Following the private placement, Midland has 112,973,453 common shares issued and outstanding, and the transaction is subject to final acceptance by the TSX Venture Exchange [4] Financial Details - The total gross proceeds from the private placement amount to $3,037,811, with $348,360 raised from insider participation [1][3] - Finder's fees totaling $116,485 were paid to third parties in connection with the private placement [4] Company Strategy - Midland plans to use the proceeds from the private placement to fund exploration activities on its properties in Quebec and for general corporate purposes [2] - The company is focused on discovering new world-class deposits of gold and critical metals in Quebec and aims to build its portfolio through partnerships and additional agreements [5]
Sun Summit Announces Non-Brokered Private Placement of up to $7 Million
Newsfile· 2025-12-09 21:00
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 50,000,000 charity flow-through shares of the Company (each, a "Charity FT Share") at a price of $0.14 per Charity FT Share for aggregate gross proceeds to the Company of up to $7 million. Each Charity FT Share will qualify as a flowthrough share within the meaning of ...
New Age Metals Options Magnet Lake Property Further Expanding the Bonanza Ridge Gold & Critical Metals Project, Kenora Mining District, Ontario
Thenewswire· 2025-12-09 14:35
Core Viewpoint - New Age Metals Inc. has entered into an option agreement to acquire the Magnet Lake Property, which consists of 55 mining claims totaling 1,147 hectares, located near Kenora, Ontario, enhancing its portfolio in the critical and precious metals sector [1][2][3] Acquisition Details - The Magnet Lake Property will be integrated into the Bonanza Ridge Gold and Critical Metals Project, reinforcing the company's position in the Kenora Mining District [2] - The acquisition includes a 2% net smelter return (NSR) royalty, which can be reduced to 1% for $1 million in cash [1] Exploration and Sampling Results - A due diligence site visit in October 2025 confirmed high-grade copper mineralization, particularly at the Gold Lake and Hollow Lake Prospects, with a notable grab sample returning 2.14% copper [5][6][19] - The property has excellent infrastructure, including road access and nearby power lines, and is located 25 km from Kenora, a significant economic hub [7][18] Strategic Positioning - The acquisition aligns with the Ontario Government's Critical Minerals Strategy, which aims to develop a world-class critical minerals jurisdiction [3][19] - New Age Metals holds a 12.2% stake in Metal Quest Mining Corp., which is also acquiring strategic positions in the Ring of Fire region, positioning the company to benefit from the growing critical metals market [4][19] Financial Terms of the Option Agreement - The option agreement includes a series of cash payments and share issuances over three years, starting with $10,000 and $25,000 in shares within 10 days of regulatory approval [21][22] - The agreement allows the company to terminate after fulfilling the first year's commitments [21] Industry Context - Copper has been designated a critical mineral by the Government of Canada since 2024, highlighting its importance in clean technologies and supply chain security [19] - The Kenora Gold District has a long history of high-grade mineralization and is recognized for its potential in the mining industry, with established infrastructure and a skilled workforce [20]
GoldHaven Resources Confirms High-Grade Copper Mineralization at Three Guardsmen Project
Globenewswire· 2025-12-09 14:00
Core Viewpoint - GoldHaven Resources Corp. has confirmed high-grade surface copper mineralization at its Three Guardsmen property in Northern British Columbia, indicating significant exploration potential for the company [1][15]. Property Overview - The Three Guardsmen property consists of 14 contiguous mineral tenures covering 16,234 hectares in the Atlin Mining Division, 100% owned by GoldHaven [4]. - The project is strategically located near Haines Junction in a geological area known for copper-magnetite skarns, with potential for associated gold and molybdenum mineralization [4][13]. Assay Results - A total of 126 surface rock samples were collected, with 25 samples exceeding 10,000 ppm (1% Cu) [7]. - Notable high-grade grab samples include: - Sample J647161: 15.85% Cu - Sample J647629: 12.75% Cu - Sample J647753: 12.65% Cu [7][10]. - The 2025 field program validated historical high-grade copper samples and discovered new high-grade mineralization, confirming widespread distribution across the property [8]. Geological Significance - High-grade copper is found in local pods dominated by bornite and chalcocite, extending over a strike length of more than 1 km, indicating the scale of the mineralization [9]. - Geological evidence suggests the presence of a nearby porphyry intrusion, which could be driving the metal system, enhancing the exploration potential of the project [13]. Exploration Strategy - GoldHaven's ongoing exploration strategy includes targeted geochemical surveys, structural mapping, and geophysical interpretation to define potential mineralized granitic intrusive centers [14]. Company Commentary - Rob Birmingham, CEO of GoldHaven, emphasized that the assay results represent a major milestone for the company, showcasing the strength of the mineralization system at Three Guardsmen and the exceptional upside potential as exploration continues [15].