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Formation Metals Appoints Roger Rosmus to Newly Established Advisory Board
Accessnewswire· 2026-02-19 08:01
Core Viewpoint - Formation Metals Inc. has appointed Mr. Roger Rosmus to its newly formed Advisory Board, indicating a strategic move to enhance its leadership and advisory capabilities in mineral exploration [1] Company Summary - Formation Metals Inc. is a North American mineral exploration company focused on advancing high-potential projects in tier-one jurisdictions [1]
Fathom Nickel Announces the Closing of the First Tranche of Upsized Private Placement
TMX Newsfile· 2026-02-18 22:50
Core Viewpoint - Fathom Nickel Inc. has successfully closed the first tranche of its upsized non-brokered private placement, raising a total of C$3,225,900 through the issuance of charity flow-through units and non-flow-through units, with further funding expected from a second tranche. Group 1: Offering Details - The first tranche included the issuance of 52,083,334 charity flow-through units at C$0.048 each, generating gross proceeds of C$2,500,000, and 23,416,129 non-flow-through units at C$0.031 each, generating gross proceeds of C$725,900 [1][2] - The second tranche is anticipated to close around February 24, 2026, with an additional C$774,000 expected from non-flow-through units [1] Group 2: Unit Composition - Each non-flow-through unit consists of one common share and one transferable common share purchase warrant, exercisable for 36 months at an exercise price of C$0.05 [2] - Each charity flow-through unit consists of one flow-through common share and one transferable common share purchase warrant, also exercisable for 36 months at an exercise price of C$0.05 [3] Group 3: Use of Proceeds - Proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the Gochager Lake Project, with a deadline for incurring these expenses set for December 31, 2027 [5] - The net proceeds from the non-flow-through units will be utilized for exploration and development of mineral projects, as well as for working capital and general corporate purposes [6] Group 4: Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to secure critical mineral supplies in North America, supporting the global green energy transition [9] - The company holds three exploration projects in Saskatchewan: Albert Lake, Gochager Lake, and Friesen Lake, with significant historical mineralization reported in these areas [9][10]
Vortex Energy Announces Postponement of AGM
Globenewswire· 2026-02-18 22:00
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex” or the “Company”) announces that, due to the absence of quorum at its February 13, 2026, Annual General Meeting (AGM), the holding of the AGM has been postponed. The Company will issue a news release once a new date and other details regarding the AGM have been determined. About Vortex Energy Corp. Vortex Energy Corp. is an exploration stage company engaged principally in the acq ...
Viscount Mining Announces $5.0 Million Brokered LIFE Offering Led by Centurion One Capital
TMX Newsfile· 2026-02-18 21:45
Core Viewpoint - Viscount Mining Corp. has announced a brokered private placement to raise up to $5,000,000 through the sale of up to 6,250,000 units at an issue price of $0.80 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [1][3]. Group 1: Offering Details - The offering includes an option for the Lead Agent to increase the size by an additional 6,250,000 units for up to $5,000,000 in gross proceeds [2]. - The net proceeds from the offering are intended for capital expenditures and general working capital, including the advancement of exploration programs [3]. - The offering will be conducted under specific exemptions in Canada and the U.S., and the securities will not be subject to a statutory hold period [4]. Group 2: Closing and Participation - The offering is expected to close on or around February 27, 2026, subject to necessary approvals [6]. - Certain insiders and affiliates may acquire up to approximately 10% of the offering, which will be considered a related party transaction [7]. Group 3: Company Overview - Viscount Mining Corp. focuses on advancing high-quality silver, gold, and copper assets in the Western United States, including the Silver Cliff project in Colorado and the Cherry Creek multi-metal district in Nevada [9]. - The Silver Cliff project consists of 96 lode claims in a historic silver district, while the Cherry Creek project includes over 20 past-producing mines and is considered highly prospective for multi-metal discoveries [10]. Group 4: Technical Information - The scientific and technical information in the release has been reviewed by a Qualified Person, ensuring compliance with industry standards [8].
Southern Silver Named to the 2026 TSX #Venture50
TMX Newsfile· 2026-02-18 18:37
Company Performance - Southern Silver Exploration Corp. has been ranked 28th in the 2026 TSX Venture 50, which recognizes the top performing companies on the TSX Venture Exchange [1][2] - The company experienced a market capitalization increase of 401% and a share price increase of 284% during 2025 [1][2] Project Development - Significant progress has been made at the Cerro Las Minitas project in Durango, Mexico, which is a silver, lead, and zinc project [2] - The company is advancing towards a production decision by expanding, de-risking, and demonstrating the economic potential of the Cerro Las Minitas project [2][3] Company Overview - Southern Silver Exploration Corp. focuses on the discovery of world-class mineral deposits, primarily through its 100% owned Cerro Las Minitas project [3] - The company also holds other properties, including the newly acquired Nazas gold-silver property and the Oro porphyry copper-gold project [3]
Conquest Resources Announces Entering into a Share Purchase Agreement to Acquire the Valimaki Gold Project in Finland
TMX Newsfile· 2026-02-18 17:03
Core Viewpoint - Conquest Resources Limited has entered into a share purchase agreement to acquire 100% of Carrigel Ltd., which owns the Valimaki Gold project in Finland, indicating a strategic move to enhance its gold exploration portfolio [1][2]. Acquisition Details - The acquisition involves issuing 5,000,000 common shares and a cash payment of $35,000 to the vendor on the closing date [2]. - A royalty agreement will grant a 2% net smelter royalty on the project to the vendor, with an option for Carrigel to purchase 1% of the royalty for $3,000,000 [2]. - An additional 5,000,000 shares will be issued upon receiving approval to commence drilling at the project [3]. Project Overview - The Valimaki Gold project is located in southwestern Finland, near Pori, with excellent year-round access and infrastructure [5]. - The project is situated within the Svencofennian geologic domain, characterized by gold mineralization associated with specific geological features [6]. Historical Exploration - Gold was first discovered in the area in the 1950s, with various exploration programs conducted by Outukumpu Oy and Geologian Tutkimuskeskus (GTK) over the decades [7]. - Notable drill results include intersections of 4.3 meters at 7.2 g/t and 7 meters at 3.9 g/t Au, indicating significant mineral potential [7]. Future Exploration Plans - Conquest plans to conduct exploration activities in the spring, including geological mapping, prospecting, drone magnetics, and induced polarization surveys to define drill targets [9]. Company Background - Conquest Resources Limited, established in 1945, focuses on mineral exploration for base metals and gold, holding interests in several projects, including the Belfast-TeckMag Project in Ontario [11][12]. - The company controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp and has interests in the Alexander Gold Property and Smith Lake Gold Property [13][14].
Trident Closes $18.6 Million Offering
Globenewswire· 2026-02-18 14:24
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Vancouver, BC, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce that it has closed its previously announced private placements (please refer to the Company’s January 27th, 2026, and February 2nd, 2026 news releases). A total of 4,948,000 common shares of the Company that qualify as “flow-through shares” within the meaning of subsection ...
Highway 50 Gold Announces Non-Brokered Private Placement of Units
TMX Newsfile· 2026-02-18 14:00
Core Viewpoint - Highway 50 Gold Corp. is initiating a non-brokered private placement to raise up to $1,500,000 through the issuance of units priced at $0.40 each, aimed at funding a drill program and general working capital [1][2]. Group 1: Offering Details - The offering will consist of up to 3,750,000 units, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at a price of $0.50 for one year from the closing date of the offering [1]. - The proceeds will be allocated to a drill program at the Gold Knob project and for general working capital purposes [2]. Group 2: Regulatory and Compliance Information - The securities issued will be subject to a four-month hold period in accordance with applicable securities laws [3]. - Finder's fees of 6% may be paid to finders in cash and/or finder's warrants on some or all proceeds raised [3]. - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with registration requirements [4]. Group 3: Company Background - Highway 50 Gold Corp. is a mineral exploration stage company with a focus on projects in north-central Nevada, leveraging over 35 years of exploration experience [5].
Cariboo Rose Receives 400,000 Common Shares of BRS Resources Ltd.
Thenewswire· 2026-02-18 14:00
Core Viewpoint - Cariboo Rose Resources Ltd. has received 400,000 common shares from BRS Resources Ltd., enhancing its equity interests and exposure to the Cowtrail copper-gold project [1][3]. Group 1: Company Developments - Cariboo Rose has strengthened its portfolio through the acquisition of BRS shares, which are subject to a statutory hold period of four months and one day [1]. - The company will continue to monitor the Cowtrail project and provide updates on exploration progress [3]. Group 2: Industry Insights - BRS Resources is advancing its Cowtrail copper-gold project in British Columbia, with recent drilling defining a mineralized trend that remains open at both ends [2]. - BRS plans to expand exploration efforts in 2026 to test additional magnetic targets identified to the south of the current project area [2].
Aldebaran Announces Closing of Concurrent Private Placement
Globenewswire· 2026-02-18 13:30
Core Viewpoint - Aldebaran Resources Inc. has successfully closed a private placement offering, raising a total of $5,000,001.50 through the issuance of 1,538,462 common shares at a price of $3.25 per share [1] Group 1: Offering Details - The private placement offering was part of a larger initiative, the LIFE Offering, which collectively raised $45,250,260.50 by issuing 13,923,157 common shares [2] - The shares issued in the offering are subject to a statutory hold period until June 18, 2026 [1] Group 2: Shareholder Participation - Route One Investment Company LLC, the largest shareholder, acquired the shares issued in the offering, which is classified as a related party transaction [3] - The company relied on exemptions from formal valuation and securityholder approval requirements due to the offering's fair market value being less than 25% of its market capitalization [3] Group 3: Use of Proceeds - The net proceeds from the offering will be utilized to complete a prefeasibility study on the Altar copper-gold project located in San Juan province, Argentina, as well as for general working capital purposes [4] Group 4: Company Background - Aldebaran Resources Inc. is a mineral exploration company that holds an 80% interest in the Altar copper-gold project, which is part of a cluster of significant porphyry copper deposits [7][8]