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CSE Bulletin: AMENDED - Fundamental Change - PowerStone Metals Corp./Libra Energy Materials Inc.
Newsfile· 2025-07-10 23:44
Company Overview - Libra Energy Materials Inc. is a Canadian mineral exploration company focused on discovering and developing critical minerals necessary for the green energy transition [3][5] - The company has several projects in Ontario, including Flanders North, Flanders South, and SBC, which are being explored under a $33 million earn-in deal with KoBold Metals Company [3][5] - Libra also owns 100% of the Toivo project in Ontario, adjacent to Soules Bay-Caron, as well as the Nemiscau and Wegucci projects in Quebec, Canada [3][5] Share Consolidation and Listing - Prior to the closing, the company completed a consolidation of its outstanding shares on the basis of 2.4966 pre-consolidation shares for every 1 post-consolidation share, with a record date of June 27, 2025 [1] - The common shares of Libra Energy Materials Inc. (LIBR), previously listed as PowerStone Metals Corp. (PS), have been approved for listing on the Canadian Securities Exchange (CSE) [1][4] - The trading date for the newly listed shares is July 10, 2025, with 57,445,634 securities issued and outstanding and 4,485,926 reserved for issuance [6] Team and Expertise - The Libra team consists of seasoned executives, engineers, and geoscientists with extensive experience in mining, mineral exploration, capital markets, asset management, energy, and First Nations engagement [3][5]
Churchill Resources Announces Completion of $700,000 Private Placement
Globenewswire· 2025-07-10 21:00
Core Viewpoint - Churchill Resources Inc. has successfully closed a non-brokered private placement, raising $700,000 through the sale of 14,000,000 common shares at $0.05 per share [1][2]. Group 1: Private Placement Details - The proceeds from the private placement will be utilized for advancing exploration activities at key projects and for general corporate purposes [2]. - No agency or finder's fees were incurred in connection with the private placement, and the shares issued will be subject to a statutory hold period of four months and one day [2]. - The private placement is pending final approval from the TSX Venture Exchange [2]. Group 2: Insider Participation - Certain insiders acquired a total of 3,000,000 shares in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company is exempt from obtaining a formal valuation or minority shareholder approval for the insiders' participation based on specific sections of MI 61-101 [3]. - A material change report was not filed 21 days prior to the closing as insider participation had not been confirmed at that time [3]. Group 3: Company Overview - Churchill Resources Inc. is focused on exploring strategic, critical minerals in Canada, particularly at its Black Raven, Taylor Brook, and Florence Lake properties in Newfoundland and Labrador [4]. - The Black Raven property is noted for its polymetallic metal assemblage and historical production, presenting a unique exploration opportunity [4]. - The management team has extensive experience in mineral exploration and establishing successful publicly listed mining companies [4].
Northfield Capital Completes Acquisition of Additional Interest in Juno Corp. and Issuance of Class B Multiple Voting Shares
Globenewswire· 2025-07-10 17:51
Core Viewpoint - Northfield Capital Corporation has successfully completed the acquisition of 5,123,044 common shares of Juno Corp, increasing its ownership interest from 16.8% to approximately 24% [2][3]. Group 1: Transaction Details - The acquisition was executed through share purchase agreements with five shareholders of Juno, resulting in Northfield issuing a total of 3,725,848 Class A restricted voting shares [2]. - Additionally, Northfield issued 4,968 Class B multiple voting shares to Mr. Robert Cudney at a price of $6.00 per share, generating gross proceeds of $29,808 [2][5]. - The Class A Shares acquired were valued at approximately C$3.71 per Juno Share, totaling around C$6,669,108.65 [10]. Group 2: Juno Corp Overview - Juno Corp is a private exploration company based in Ontario, holding over 4,600 km² of mineral claims in the Ring of Fire, which accounts for more than 55% of the district's mineral claims [4]. - Juno's 2025 exploration campaign is currently underway, focusing on expanding known mineralized zones and identifying new targets [4]. Group 3: Insider Participation - Mr. Cudney, the President and CEO of Northfield, participated in the Juno Share Acquisition, selling 1,798,044 Juno Shares to Northfield in exchange for 1,307,668 Class A Shares [6]. - Following the completion of the transactions, Mr. Cudney's ownership includes 5,230,678 Class A Shares and 23,568 Class B Shares, representing approximately 29.1% of the issued Class A Shares [9].
Hi-View Resources Announces Flow Through Financing to Explore Toodoggone
Thenewswire· 2025-07-10 12:30
Core Viewpoint - Hi-View Resources Inc. is conducting a non-brokered private placement offering of 4,000,000 flow-through units at a price of C$0.105 per unit, aiming for gross proceeds of up to C$420,000 to fund exploration activities in Canada [1][3]. Group 1: Offering Details - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.30 for 36 months [2]. - The gross proceeds will be allocated to eligible Canadian exploration expenses, specifically for the Toodoggone Projects in British Columbia [3][4]. - A finder's fee of up to 10% may apply, and all securities issued will be subject to a hold period of four months and one day [4]. Group 2: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region, with properties covering 9,749 hectares [8]. - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades, indicating strong exploration potential [8].
Maxus Mining Announces 2025 Exploration Program at its Penny Copper Project
Globenewswire· 2025-07-10 12:00
Core Viewpoint - Maxus Mining Inc. is set to initiate a comprehensive exploration program at its Penny Copper Project in British Columbia, which includes an airborne mobile magnetotelluric geophysical survey and further investigation of previously identified mineralized outcrops [1][2][4]. Exploration Program Details - The exploration program will utilize an airborne mobile magnetotelluric geophysical survey to enhance understanding of the Penny Property [2][4]. - Detailed hand trenching, geological mapping, and systematic sampling will be conducted to define the extent, geometry, and continuity of recently discovered mineralized outcrops [2][4]. Mineralization Potential - Previous exploration programs have identified extensive multi-element anomalies with elevated concentrations of gold, copper, barium, and zinc [3]. - A newly discovered zone of buried outcrop returned assay results of up to 1,920 ppm Cu, 41 ppb Au, and 1,310 ppm Ba over an approximate strike length of 50 meters [5]. - Multiple mineralized samples from the Upper and Middle Creston Formation returned copper values up to 2,388 ppm Cu [6][11]. Historical Context - The Penny Copper Project has a history of exploration activity spanning over 100 years, with recent work including rock sampling and geological mapping [11]. - The project is located near the historically significant Sullivan Mine, which has attracted exploration activities from various companies [6][11]. Company Overview - Maxus Mining Inc. focuses on locating, acquiring, and developing economic mineral properties in premier jurisdictions, with a diverse portfolio that includes approximately 7,244 hectares of prospective terrane [10].
Aventis Energy Announces Partnership with KorrAI Technologies
Globenewswire· 2025-07-10 12:00
Highlights: The Company will leverage KorrAI’s revolutionary systems across the Project with aim to be more efficient in the potential discovery of mineralized outcrops.The cost-efficient technology integrates artificial intelligence, machine learning, and advanced satellite imagery to identify targets for prospecting follow-up over highly prospective trends and areas of interest.KorrAI will provide technology solutions to the Company using geospatial imagery, modelling and survey & sensor data relevant to ...
Romios Gold Resources Inc. Announces Sale of Select Golden Triangle British Columbia Claim Blocks to Galore Creek Mining Corporation
Newsfile· 2025-07-10 11:30
Core Points - Romios Gold Resources Inc. has sold five claim blocks in the Golden Triangle region of British Columbia to Galore Creek Mining Corporation for $100,000 CAD and a Net Smelter Return (NSR) royalty of up to 2% on each claim block [1][2] - The claim blocks sold include Boulder, JW West, Porc, North East, and North West [2] - The agreement allows GCMC to purchase portions of the NSR, with specific buy-back options outlined [5] Company Strategy - Romios Gold is undergoing an internal review to prioritize core assets for future exploration, focusing on advancing the Trek Project and the large-scale Trek South Prospect [2] - The identified claim blocks were deemed non-core, leading to their sale to GCMC [2] Company Overview - Romios Gold Resources Inc. is a Canadian mineral exploration company focused on precious and base metals, primarily gold, copper, and silver [6] - The company holds a 100% interest in the Lundmark-Akow Lake Au-Cu property and has extensive claim holdings in the Golden Triangle [6] - Additional interests include former producers in Nevada and ongoing interests in several properties with NSR royalties [6]
Evergold Announces the Appointment of Alvin Jackson to the Board of Directors
Globenewswire· 2025-07-10 11:00
Company Overview - Evergold Corp. is a TSX-V listed mineral exploration company with projects in British Columbia and Nevada [3] - The company has a successful track record in the junior exploration space, including the establishment of GT Gold Corp. and the discovery of significant mineral deposits [3] Leadership Changes - Alvin W. Jackson has joined the board of directors, bringing extensive experience in mineral exploration and development [1] - Jackson has previously worked on major mineral deposits and founded EuroZinc Mining Corp., which grew to a market capitalization of over $1.8 billion before being acquired [1] Strategic Projects - Key projects for Evergold include the Golden Lion property in BC's Toodoggone region and the DEM porphyry prospect near Fort St. James, both of which are considered to have considerable merit [2] - The company aims to leverage these properties as a strong foundation for growth [2] Financial Performance - The establishment of GT Gold Corp. led to the discovery of the Saddle epithermal vein and porphyry copper-gold deposits, which were sold to Newmont for a fully diluted value of $456 million, representing a 1,136% return on exploration outlays of $36.9 million [3]
Quadro Announces TRU's Exercise of Initial Option on Staghorn Property
Newsfile· 2025-07-10 11:00
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Quadro Resources Ltd. (TSXV: QRO) (OTC Pink: QDROF) (FSE: G4O) ("Quadro" or the "Company") announces that TRU Precious Metals Corp. ("TRU") has formally exercised the Initial Option under the Option Agreement dated June 15, 2022 (as amended), on Quadro's Staghorn Property in Newfoundland and Labrador.Pursuant to the terms of the Option Agreement, TRU has satisfied the requirements set forth in Sections 3.1 and 3.2 of the Agreement and as per ...
Metals Creek Returns 1.36% Cu and 3.10 g/t Ag over 36.30m at the Tillex Copper Project
Newsfile· 2025-07-10 11:00
Higher Grade Copper Mineralization within Broader Mineralized ZoneNew Interpretation of Mineralized Horizon to the South Indicates a Significant Flattening of Stratigraphy Enhancing Exploration PotentialThunder Bay, Ontario--(Newsfile Corp. - July 10, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce final drill results from the recently completed (See News Release: March 20, 2025) diamond drill program at the Tillex Copper Project located i ...