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OTC Markets Group Welcomes Empire Metals LTD to OTCQX
Globenewswire· 2025-09-03 11:00
Company Overview - Empire Metals LTD has upgraded to trade on the OTCQX® Best Market from the OTCQB® Venture Market, enhancing its visibility among U.S. investors [1][3] - The company focuses on the development of the Pitfield titanium project in Western Australia, which is characterized by a significant high-grade titanium discovery [5] Market and Trading Information - Empire Metals LTD begins trading on OTCQX under the symbol "EPMLF," providing U.S. investors with access to current financial disclosures and real-time quotes [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, marking an important milestone for companies transitioning from OTCQB [3] Project Details - The Pitfield project features a massive titanium resource, with airborne surveys indicating a gravity and magnetics anomaly extending over 40km by 8km by 5km deep [5] - An Exploration Target for Pitfield was declared in 2024, estimated to contain between 26.4 to 32.2 billion tonnes of titanium ore with a grade range of 4.5 to 5.5% TiO₂ [5] - The in-situ weathered sandstone zone is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO₂, extending from surface to an average depth of 30m to 40m [5] Management Commentary - Shaun Bunn, Managing Director of Empire Metals, expressed enthusiasm about the upgrade to OTCQX, highlighting the increased accessibility and visibility for U.S. institutional and retail investors [4]
Inventus Secures $1.47 Million Gold Pre-Payment from 007 North Bulk Sample at the Pardo Gold Project
Globenewswire· 2025-09-02 11:00
Core Viewpoint - Inventus Mining Corp. has received a pre-payment of CAD 1.47 million from McEwen Inc. for a portion of estimated recoverable gold from its 007 North bulk sample at the Pardo Gold Project, indicating strong validation of the project's gold content and progress towards a scalable mining operation [1][5][7]. Bulk Sample Update - The Trench 1 bulk sample has approximately 10,000 tonnes identified and is currently 90% extracted, with 3,812 tonnes (38% complete) already hauled to McEwen Inc.'s Stock Mill for processing [3][7]. - Results from the bulk sample are expected in November, with updates to be provided as they become available [3]. Drilling Update - The company anticipates releasing results from further grade-control drilling at the Trench 1 North and South bulk sample sites, along with four Phase 2 resource drill holes [4]. - Plans for additional Phase 2 resource drilling are underway, aimed at extending gold mineralization and progressing towards a maiden resource estimate for the project [4]. Financial Details - The pre-payment of CAD 1,466,249 represents a portion of the estimated recoverable gold from the 4,816-tonne 007 North Bulk Sample, which is expected to be processed shortly [7]. - The grade-control drilling across 30 holes at the site returned a weighted average of 4.10 grams per tonne (gpt) gold over 1.78 meters within 6 meters of the surface [7]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, holding a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [6]. - The Pardo Gold Project is noted as the first significant paleoplacer gold discovery in North America, with approximately 205 million common shares outstanding [6].
District Comments on Uranium Mining Announcement from the Swedish Government - Legislative Proposal to Be Brought to Parliament
Newsfile· 2025-09-02 06:00
Core Viewpoint - The Swedish Government plans to submit a legislative proposal to Parliament to lift the current ban on uranium mining, with potential implementation on January 1, 2026, marking a significant policy shift towards new energy solutions in Sweden [1][3]. Group 1: Legislative Changes - The proposed changes will allow for the extraction and exploration of uranium under the Swedish Minerals Act, including applications for exploration permits and processing concessions under specific conditions [2]. - This initiative follows a government inquiry that concluded in December 2024, recommending the removal of the uranium mining ban, which was subsequently submitted to the Council on Legislation in June 2025 [3]. Group 2: Company Implications - District Metals Corp. expresses optimism regarding the government's move to remove the uranium ban, indicating that it aims to create a regulatory framework treating uranium similarly to other metals and minerals [4]. - The lifting of the uranium ban is expected to provide long-term clarity for the company and enhance its ability to attract investors, which is crucial for the development of its uranium polymetallic projects [4]. Group 3: Company Overview - District Metals Corp. is focused on exploring and developing mineral properties, particularly the Viken and Tomtebo Properties in Sweden, which contain significant mineral resources including uranium [6][7]. - The Viken Property is noted for having the largest undeveloped Mineral Resource Estimate of uranium globally, along with other critical raw materials [7].
District Metals (DMXC.F) 2025 Conference Transcript
2025-08-28 18:02
Summary of District Metals Conference Call Company Overview - **Company Name**: District Metals Corp - **Ticker Symbols**: DMXCF (OTCQB), DMX (TSXV) - **Industry**: Mineral exploration and development, specifically focused on uranium and polymetallic projects in Sweden - **Flagship Project**: Weaken Property, which hosts the largest undeveloped uranium deposit in the world [3][6] Key Points and Arguments Management and Team - The management team has a proven track record in exploration, discovery, and capital markets [5] - The CEO, Garrett Ainsworth, has significant experience in uranium exploration, having previously worked with Alpha Minerals and NextGen Energy [9][10] - The company has a strong board and advisory committee with diverse expertise in mining and capital markets [12][14] Jurisdiction and Market Environment - Sweden is recognized as an attractive jurisdiction for mining, ranked sixth by the Fraser Institute for investment attractiveness [18] - The Swedish government has shifted towards a pro-nuclear stance, planning to build 10 more nuclear reactors by 2045, which increases the demand for domestic uranium supply [21][22] - The lifting of the uranium mining moratorium is expected by January 1, 2026, which will allow full-scale operations on uranium properties [23][42] Project Details - The Weaken Property contains significant resources: - 4.3 billion tons with 1.5 billion pounds of uranium and 24.3 billion pounds of vanadium [26] - Additional potential for rare earth elements, which will be assessed once the moratorium is lifted [27] - The company also has other advanced exploration stage uranium properties in Sweden, including Soc Jarn and Arnaz Bara, which show promising mineralization [34][36] Economic Viability - Despite low-grade uranium, the project remains economically viable due to the presence of valuable byproducts such as vanadium, molybdenum, nickel, copper, and zinc [47][48] - The potential value of the Weaken deposit is enhanced by the strategic importance of these byproducts for the EU's supply chain [48] Market Comparisons - The company’s valuation is significantly lower than peers, with an estimated value of $0.09 per pound of uranium compared to the industry average of over $3 per pound [31][32] - Historical acquisitions in the uranium sector indicate potential for significant monetization events, suggesting a favorable outlook for District Metals [29] Upcoming Milestones - The company is conducting various surveys and expects results from mobile MT surveys and drone radiometric surveys in the coming months [40][41] - A preliminary economic assessment is anticipated to begin shortly after the moratorium is lifted, with a timeline of 6 to 12 months depending on survey results [52] Additional Important Information - The exit of Boliden, which was funding $10 million over four years, allows District Metals to focus solely on uranium projects [45][46] - The company has a strong shareholder base, including significant institutional investors, which supports its strategic direction [16][44] This summary encapsulates the critical aspects of District Metals' conference call, highlighting the company's strategic positioning, project potential, and market dynamics.
GoldQuest Engages Sedgman and SRK for Romero Bankable Feasibility Study
Newsfile· 2025-08-26 11:00
Core Viewpoint - GoldQuest Mining Corp. has awarded the Bankable Feasibility Study for its Romero gold-copper project to Sedgman Canada Ltd. in partnership with SRK Consulting, marking a significant step towards project development [1][2][3] Group 1: Project Details - The Romero project is located in the San Juan Province of the Dominican Republic and is recognized as one of the most advanced high-grade undeveloped gold-copper projects in the Caribbean [3] - The BFS will be conducted in accordance with National Instrument 43-101 regulatory standards, ensuring compliance and quality in the study [2] Group 2: Collaboration and Management - Sedgman will lead the BFS and manage the integration of the study, coordinating inputs from GoldQuest, SRK, and other consulting groups to streamline communication and decision-making [2] - The collaboration aims to define clear roles and enhance the efficiency of the feasibility process, focusing on long-term value creation [3] Group 3: Company Background - GoldQuest is a Canadian mineral exploration and development company with projects in the Dominican Republic, traded on the TSX-V under the symbol GQC [9] - The company is well-funded to advance the development of the Romero gold-copper discovery, which is part of the Tireo Formation in the Dominican Republic [9]
Senator Murkowski Visit Solidifies Further Support for Nova Mineral’s Estelle Project
Globenewswire· 2025-08-25 10:30
Core Insights - Nova Minerals Limited is gaining momentum following U.S. Senator Lisa Murkowski's site visit to the Estelle Gold and Critical Minerals Project, highlighting the project's strategic importance for U.S. mineral production and supply chains [1][2][6] Strategic Importance - Senator Murkowski's support emphasizes the Estelle Project's potential to enhance U.S. domestic mineral production and reduce reliance on foreign imports, particularly for critical minerals like antimony and gold [2][5][6] - The project has been identified as one of only nine globally, and one of two in the U.S., with near-term antimony production capability, underscoring its strategic significance [7][13] Governmental Support - The visit by Senator Murkowski reflects broader federal support for revitalizing U.S. rare earth and critical minerals production, as indicated by recent Presidential Executive Orders aimed at strengthening domestic mineral security [5][16] - High-level governmental interest is further demonstrated by Alaska Governor Mike Dunleavy's meeting with Nova's CEO and support from Alaska's Congressional Delegation [12] Project Potential - The Estelle Project is recognized for its significant gold and antimony potential, with Nova already accumulating surface stibnite stockpiles that could meet U.S. military specifications [15] - The project is located in the Tintina Gold Belt, which hosts a documented gold endowment of over 220 million ounces and significant antimony deposits, positioning it as a critical asset for national defense supply chains [21] Collaboration and Recognition - The Estelle Project is seen as a symbol of deepening U.S.–Australia collaboration in strategically vital minerals, with support from the Australian Consul General [12] - Independent research firm RFC Ambrian has highlighted the Estelle Project's potential in its critical minerals commodity report, further validating its importance in the market [13]
High Tide Resources Announces Closing of Non-Brokered Private Placement
Globenewswire· 2025-08-22 21:00
Group 1 - High Tide Resources Corp. has closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising aggregate gross proceeds of up to $375,000 [1][2] - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2] - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which is classified as a related party transaction under Multilateral Instrument 61-101 [3] Group 2 - The Labrador West Iron Project, owned 100% by High Tide, has an inferred iron resource of 654.9 million tonnes at 28.84% Fe, located adjacent to IOCC's Carol Lake Mine in Labrador City, NL [5][6] - The company also holds a 100% interest in the Lac Pegma copper-nickel-cobalt deposit, situated 50 kilometers southeast of Fermont, Quebec [6] - The technical information in the news release has been approved by a qualified person, Steve Roebuck, who is the Director, President, and Interim CEO of High Tide [7]
High Tide Resources Announces Closing of Non-Brokered Private Placement
GlobeNewswire News Room· 2025-08-22 21:00
Core Viewpoint - High Tide Resources Corp. has successfully closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising gross proceeds of up to $375,000 [1][2]. Group 1: Offering Details - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2]. - The offering is subject to final acceptance by the Canadian Securities Exchange (CSE) and the common shares will be under a hold period of four months and one day from the closing date [2]. Group 2: Insider Participation - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which constitutes a related party transaction as defined under Multilateral Instrument 61-101 [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as insider participation does not exceed 25% of the fair market value of the company's market capitalization [3]. Group 3: Company Overview - High Tide Resources is focused on developing mineral projects critical to infrastructure, owning a 100% interest in the Labrador West Iron Project, which has an inferred iron resource of 654.9 million tonnes at 28.84% Fe [5][6]. - The Labrador West Iron Project is located adjacent to IOCC's Carol Lake Mine in Labrador City, NL, and the technical report was filed on SEDAR on April 6, 2023 [5]. - The company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometers southeast of Fermont, Quebec [6].
Searchlight Resources Announces Proposed Share Consolidation
Newsfile· 2025-08-22 20:56
Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which is recognized as the top location for mining investment in Canada by the Fraser Institute [4] - The company's exploration focus includes battery minerals and gold, concentrating on projects with nearby infrastructure [4] Share Consolidation Announcement - The company intends to consolidate its issued and outstanding common shares at a ratio of five pre-consolidated shares to one post-consolidation share [1] - Currently, there are 146,546,134 common shares issued, and upon completion of the consolidation, the company anticipates there will be 29,309,227 common shares issued and outstanding [2] Purpose of Consolidation - The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest, and improve trading liquidity [2] - The consolidation does not require shareholder approval according to the company's Articles and is subject to acceptance from the TSX-V [3]
Guardian Announces Issuance of Shares to Retire Debt
Thenewswire· 2025-08-21 23:55
Core Points - Guardian Exploration Inc. has issued 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor [1] - The completion of the debt settlement was subject to conditional approval from the TSX Venture Exchange, which has been obtained [1] - All shares issued in connection with the debt settlement are subject to a statutory four-month hold period in accordance with applicable securities laws [2] Company Overview - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development [3] - The company's prospects include the Mount Cameron Property in the Yukon's Mayo Mining District, mineral claims on southern Dall Island in Southeast Alaska known as the Kaigani claims, and the Sundog and Esker gold projects located in the Kivalliq Region, Nunavut [3]