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Nevada Lithium Announces Significant Amounts of Critical Minerals Rubidium and Cesium Within its Bonnie Claire Lithium Project
Globenewswire· 2025-09-17 11:00
Core Insights - Nevada Lithium Resources Inc. has identified significant rubidium and cesium mineralization in its Bonnie Claire lithium project, which could enhance the project's economic viability and contribute to the U.S. supply of critical minerals [1][3][4] Company Developments - The CEO of Nevada Lithium, Stephen Rentschler, highlighted that the presence of rubidium and cesium aligns with the U.S. Department of the Interior's Draft 2025 Critical Minerals List, potentially increasing the revenue from boron by-products identified in the Preliminary Economic Assessment (PEA) [2][4] - Initial analysis of the Pregnant Leach Solution (PLS) indicates that rubidium and cesium are recoverable, and the company is exploring various recovery options [3][20] Project Details - The Bonnie Claire project has a mine life of 61 years and a processing rate of nearly 3 million tonnes of ore annually, suggesting a substantial contribution to the U.S. domestic supply of critical minerals [3][28] - The project consists of two mineral deposits: an Upper Zone with moderate-grade lithium and boron, and a Lower Zone characterized by high-grade lithium and boron [5][6] Mineralization Findings - Significant cesium and rubidium mineralization was confirmed in all drill holes from the 2023 and 2024 drilling programs, with notable grades including 248 ppm Cs over 318.5 ft and 313 ppm Rb over 298.5 ft [9][10] - A strong positive correlation was found between cesium, rubidium, lithium, and boron grades, indicating potential for enhanced recovery and economic returns [12][13] Economic Assessment - The recently released PEA indicates an after-tax net present value of $6.829 billion at an 8% discount rate, based on lithium and boron pricing [28] - The company aims to optimize the lithium flowsheet while investigating recovery options for rubidium and cesium to further enhance project economics [20][32]
New Age Metals Announces Farid Mammadov as Vice President of Investor Relations
Thenewswire· 2025-09-16 12:35
Core Insights - New Age Metals Inc. has entered into an Amended Investor Relations Employment Agreement with Farid Mammadov, extending his role for an additional 12 months and appointing him as Vice President of Investor Relations [1][2] - The company will pay Mr. Mammadov a monthly fee of $6,250, and he currently holds 250,000 stock options [2] Company Overview - New Age Metals is a junior mineral exploration and development company focused on critical green metal projects in North America, with three divisions: Platinum Group Element, Lithium/Rare Element, and Antimony-Gold [3] - The PGE Division includes the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects, and the Genesis PGE-Cu-Ni Project in Alaska [4] - The Lithium Division is exploring hard rock lithium and rare elements in the Winnipeg River Pegmatite Field, in partnership with Mineral Resources Ltd. [5] - The Antimony-Gold division spans over 19,800 hectares in Newfoundland, with recent approvals under the Junior Exploration Assistance Program [8] Recent Developments - A $1.5 million NSERC Alliance grant was awarded for research focused on advancing Canada's critical metals sector, with approximately $107,000 planned for New Age's properties in 2025 [6] - The company is also supporting a $180,000 Mitacs research grant, contributing $90,000 to a partnership with the University of New Brunswick and the University of British Columbia [7] - New Age Metals announced an investment in MetalQuest Mining, holding approximately 12.79% of the company, which is developing a significant iron ore project [9][10] Strategic Initiatives - The company is actively seeking new mineral acquisition opportunities internationally and aims to option projects with major and junior mining companies [11]
Western Star Resources Signs MOU with The Real American Corp to Advance U.S. Expansion Strategy
Thenewswire· 2025-09-16 12:00
Core Viewpoint - Western Star Resources Inc. has signed a Memorandum of Understanding (MOU) with The Real American Corp to enhance its presence in the U.S. mining sector, focusing on strategic minerals, particularly Tungsten [1][2][3]. Group 1: Partnership and Growth Strategy - The partnership with The Real American Corp is a significant milestone in Western Star's long-term growth strategy, aimed at building a substantial land bank of strategic mineral assets [2]. - This collaboration aligns Western Star with U.S. national priorities regarding critical minerals, which are essential for defense, clean energy, and high technology sectors [3]. Group 2: Local Expertise and Industry Engagement - Through the MOU, Western Star will leverage The Real American's local expertise to drive operational growth and create long-term value for shareholders [4]. - To strengthen its relationships in Nevada, Western Star plans to apply for membership in the Nevada Mining Association (NVMA), which will provide access to the state's mining supply chain and industry networks [5]. Group 3: Company Overview - Western Star Resources is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration practices and strategic partnerships [6]. - The company currently owns nine non-surveyed contiguous mineral claims totaling 4,797 hectares in British Columbia [6].
Bunker Hill Updates Previously Announced C$45 Million “Bought Deal” Private Placement of Units to Provide for Canadian Dollar and U.S. Dollar Denominated Tranches
Globenewswire· 2025-09-15 10:45
Core Viewpoint - Bunker Hill Mining Corp. has revised the terms of its private placement financing, aiming to raise a total of approximately C$18 million and US$19.6 million through Canadian and U.S. dollar-denominated units respectively [1][3]. Financing Details - The financing consists of two tranches: 150,000,000 units priced at C$0.12 for gross proceeds of C$18,000,000 (CAD Offering) and 225,000,000 units priced at US$0.08711 for gross proceeds of US$19,599,750 (USD Offering) [1][8]. - The offering is led by Haywood Securities Inc. as the lead underwriter, along with BMO Capital Markets as part of the underwriting syndicate [2]. Closing and Conditions - The offering is expected to close on September 29, 2025, subject to certain closing conditions, including necessary approvals from the TSX Venture Exchange [4]. Underwriter Compensation - The company will pay the underwriters a cash commission of 6.0% of the gross proceeds, with a reduced fee of 3.0% for certain purchasers on the President's List. Additionally, non-transferable compensation options will be issued [5]. Regulatory Compliance - The units will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption [6][7]. Company Overview - Bunker Hill Mining Corp. focuses on revitalizing its historic mining asset in northern Idaho, specifically targeting zinc, lead, and silver deposits [9].
Bunker Hill Updates Previously Announced C$45 Million “Bought Deal” Private Placement of Units to Provide for Canadian Dollar And U.S. Dollar Denominated Tranches
Globenewswire· 2025-09-15 10:45
Core Points - Bunker Hill Mining Corp. has revised the terms of its private placement financing, consisting of two tranches: a CAD Offering of 150,000,000 units at C$0.12 for gross proceeds of C$18,000,000 and a USD Offering of 225,000,000 units at US$0.08711 for gross proceeds of US$19,599,750 [1][7] - The Offering is expected to close on September 29, 2025, pending necessary approvals, including conditional listing approval from the TSX Venture Exchange [3][10] - A cornerstone investor is anticipated to subscribe for the entirety of the USD Offering [2] Offering Details - The cash commission for the underwriters is set at 6.0% of the gross proceeds, with a reduced fee of 3.0% for certain purchasers on the President's List [4] - Compensation Options will be issued equal to 6.0% of the aggregate number of units sold, with a specific 3.0% for the President's List purchasers [4] - The securities will be subject to a statutory hold period of four months and one day in Canada and a minimum six-month hold period in the U.S. [6] Regulatory Compliance - The units have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption [5][6] - The Offering is subject to regulatory approvals, including those from the TSX Venture Exchange [3][10]
Doubleview Gold Corp Announces Important High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-09-11 14:08
Core Insights - Doubleview Gold Corp. announced significant assay results from its 2025 drilling program at the Hat Polymetallic Deposit, indicating substantial high-grade copper and gold mineralization [1][5][10] - The recent drilling has expanded the mineralization footprint beyond the area considered in the maiden Mineral Resource Estimate reported on July 25, 2024 [1][5][10] - The drilling program has confirmed the robust mineralization profile of the Hat Deposit, with evidence of both shallow and deep mineralization horizons [2][10] Drilling Results - A total of 12 drill holes have been completed, totaling 8,506 meters (27,906 feet) as of September 11, 2025, with ongoing work [3][5] - Drill hole H090 reported a long interval of 241.8 meters (793.3 feet) with 0.15% CuEq, including 68 meters of 0.30% CuEq [8][9] - Drill hole H091 showed several intervals with elevated levels of CuEq, including 27 meters at 0.58% CuEq and a notable 5.26% CuEq over 1.2 meters [9][10] - Drill hole H092 demonstrated numerous long intervals of high CuEq, extending the zone of higher-grade mineralization to depth [9][10] Mineral Resource Estimate - The results from the recent drill holes will be incorporated into the next Mineral Resource Estimate, which is currently in progress [5][19] - The Hat Deposit is recognized as a significant source of critical minerals, including copper, gold, cobalt, and potential scandium [27][28] Market Context - The company is observing rising prices for key metals such as copper, gold, silver, and scandium, influenced by global market uncertainties and a renewed focus on strategic metals [20] - The mining industry is experiencing active consolidation, as illustrated by the potential merger of Teck Corporation with Anglo-American [20] Company Overview - Doubleview Gold Corp. is focused on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [25][26] - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects in critical minerals [25][26]
Sanatana Appoints Dylan Dix to Advisory Board
Newsfile· 2025-09-11 12:30
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Sanatana Resources Inc. (TSXV: STA) ("Sanatana" or the "Company") is pleased to announce the appointment of Mr. Dylan Dix to Sanatana's advisory board. "Sanatana welcomes Dylan Dix to its Advisory Board," commented Peter Miles, CEO of Sanatana. "Mr. Dix's extensive expertise in corporate governance and vast industry network will significantly enhance our strategic vision."Dylan Dix — Biography With in excess of 25 years' experience in the ...
Metalsource announces CHANGE OF DIRECTORS
Globenewswire· 2025-09-10 22:16
Group 1 - Metalsource Mining Inc. has appointed Timothy Ko as a Director, who has a background in technology and biotech, with experience in fundraising and operations in Canadian public markets [1] - The company focuses on the acquisition, exploration, and development of mineral property assets, specifically targeting precious and base metal properties [2] - Metalsource's exploration program is centered on the Aruba Property, located in Botswana's Kalahari Desert, covering an area of 4,663 square kilometers, which is prospective for platinum group metals, gold, silver, and manganese [2]
Bunker Hill Announces C$45 Million “Bought Deal” Private Placement of Units
Globenewswire· 2025-09-05 11:04
Core Points - Bunker Hill Mining Corp. has entered into an agreement for a bought deal private placement to raise C$45,000,000 by issuing 375,000,000 units at C$0.12 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of a share at C$0.17 for 60 months [2] - The offering is expected to close on September 29, 2025, subject to regulatory approvals [7] Financial Details - A cornerstone investor is expected to subscribe for approximately US$19,600,000, while another is expected to subscribe for US$5,000,000 [4] - The net proceeds will be used for advancing the construction of the Bunker Hill Mine and for general corporate purposes [5] - The underwriters will receive a cash commission of 6.0% of the gross proceeds and non-transferable compensation options equal to 6.0% of the units sold [8] Regulatory and Compliance - The offering is being made to eligible purchasers in Canada and other mutually agreed jurisdictions, subject to compliance with regulatory requirements [6] - The securities will be subject to a statutory hold period of four months and one day in Canada [10]
Osisko Intersects 1117.5 Metres Averaging 0.25% Cu at Gaspé
Globenewswire· 2025-09-04 10:00
Core Viewpoint - Osisko Metals has reported significant new drilling results from the Gaspé Copper Project, highlighting the longest continuous mineralization intercept to date of 1117.5 meters averaging 0.25% Cu, 1.81 g/t Ag, and 0.022% Mo, which indicates strong potential for resource expansion and upgrade in mineral resource categories [1][2][9]. Summary by Relevant Sections Drilling Results - Drill hole 30-1097 achieved the longest intersection of 1117.5 meters with an average of 0.25% Cu, 1.81 g/t Ag, and 0.022% Mo, including a deeper expansion of 426.0 meters averaging 0.27% Cu [2][9]. - A total of over 65,000 meters of drilling has been completed with 10 drills on site, and the current drilling program will continue until December 2025 [2][4]. Mineral Resource Estimate (MRE) - The updated MRE is expected to be released in Q1 2026, focusing on upgrading inferred mineral resources to measured or indicated categories [2][4][17]. - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and test for deeper and lateral expansions [17]. Mineralization Characteristics - The Gaspé Copper mineralization is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [15]. - High molybdenum grades (up to 0.5% Mo) have been noted in specific zones away from Copper Mountain [15]. Company Background - Osisko Metals is focused on the Gaspé Copper Project, which hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [25][26]. - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023 [25].