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Atomic Minerals Announces Share Consolidation & Debt Settlement
Newsfile· 2025-07-08 18:20
Core Viewpoint - Atomic Minerals Corporation is recommending a consolidation of its common shares at a ratio of two pre-consolidated shares for one new post-consolidated share to enhance flexibility and position the company for long-term growth [1][4]. Share Consolidation - The company currently has 58,331,591 common shares issued and outstanding, which will reduce to approximately 29,165,795 shares post-consolidation [2]. - The company's name and stock symbol will remain unchanged, but the CUSIP and ISIN numbers will be updated. Fractional shares will be rounded up or cancelled based on specific thresholds [2]. Debt Settlement - The company plans to settle up to $350,000 of outstanding debts by issuing up to 7,000,000 common shares at a price of $0.05 per share on a post-consolidated basis [3]. - After the consolidation and debt settlement, the total number of common shares is expected to be approximately 36,165,795 [3]. Company Strategy - The CEO of Atomic Minerals Corporation emphasized the importance of share consolidation in negotiating favorable terms for potential acquisitions and funding for future projects [4]. - The company is focused on exploring underappreciated regions with geological similarities to areas with previous uranium discoveries, aiming to capitalize on these opportunities [5][6].
SAGA Metals Confirms Significant Oxide Layering in the Northwest of the 100% owned Radar Titanium Project in Labrador, Canada
Globenewswire· 2025-07-08 13:00
Core Insights - SAGA Metals Corp. has confirmed significant oxide mineralization in the northwest section of its 100% owned Radar Titanium Property, building on historical drilling data from 1996 [1][3][20] Exploration and Geophysical Survey - The northwest zone of the Radar Property has shown promising results from a recent magnetic survey, indicating exceptional oxide layering with magnetic highs up to 55,000 nT [7][11] - Historical drilling in the area revealed high concentrations of iron oxide (Fe2O3) and titanium dioxide (TiO2), with notable samples showing 40.27% Fe2O3 and 7.73% TiO2 [2] - The geophysical results suggest that the oxide layering could extend significantly beyond the current 20 km inferred strike length [3][8] Project Overview - The Radar Property spans 24,175 hectares and is strategically located 10 km from Cartwright, Labrador, benefiting from robust infrastructure including road access and a deep-water port [4][20] - The Dykes River intrusive complex, which the Radar Property encloses, is recognized for its titanium-vanadium-iron rich layers, drawing comparisons to large AMCG-type intrusions [5][20] Drilling and Mineralization - The 2025 winter drill program has confirmed the presence of vanadiferous titanomagnetite with significant grades, including notable intercepts such as 20.2 meters grading 31.35% Fe, 6.32% TiO2, and 0.435% V2O5 [25] - Current drilling has only tested a fraction (1/40th) of the identified oxide layering zone, indicating substantial potential for further exploration [25] Infrastructure and Access - SAGA's ground crews have successfully cleared access trails to enhance logistical efficiency for exploration activities across the property [13][14] - The ongoing road maintenance and access trail construction aim to facilitate direct access to key exploration zones, improving overall exploration capacity [14]
Sitka Commences the First Drill Program Ever to Be Conducted at Its Coppermine River Project in Nunavut Where up to 41.54% Copper and 13.45% Copper Have Been Identified in Volcanic-Hosted and Sediment-Hosted Target Areas
Newsfile· 2025-07-08 12:30
Sitka Commences the First Drill Program Ever to Be Conducted at Its Coppermine River Project in Nunavut Where up to 41.54% Copper and 13.45% Copper Have Been Identified in Volcanic-Hosted and Sediment-Hosted Target AreasJuly 08, 2025 8:30 AM EDT | Source: Sitka Gold Corp.Drilling to target a new sediment-hosted copper discovery at the Copper Leaf showing where surface grab samples have returned copper and silver assays as high as 13.45% Cu and 65.0 g/t Ag; two separate geophysical surveys comp ...
Aventis Energy Announces Mobilization of Exploration Crews to the Corvo Uranium Project in Northern Saskatchewan
Globenewswire· 2025-07-08 12:00
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Aventis Energy. (“Aventis” or the “Company”) (CSE: AVE | FRA: C0O0 | OTC: VBAMF), is pleased to announce that its 2025 exploration program (the “Program”) has begun on its Corvo Uranium Project (the “Corvo Property”, or the “Project”). The Company mobilized to the site on July 4, 2025, to begin a detailed mapping and sampling program across historical uranium showings and zones of interest. Highlights: High-grade* Uranium at Surface: A prospecti ...
Maxus Mining Announces Appointment of Morgan Verge as Technical Advisor
Globenewswire· 2025-07-08 12:00
Company Overview - Maxus Mining Inc. is a mineral exploration company focused on locating, acquiring, and developing economic mineral properties in premier jurisdictions, with a diverse portfolio of exploration properties covering approximately 7,244 hectares [4] - The portfolio includes four antimony projects covering 3,700 hectares, the Penny Copper Project covering 3,120 hectares, and the Lotto Tungsten Project covering 422 hectares [4] Appointment of Technical Advisor - Morgan Verge has been appointed as a Technical Advisor to the Company, bringing over a decade of experience in leading exploration programs and developing geological databases [1][2] - Verge is the President and CEO of Verge Geological Consulting Ltd., where she has secured over $1 million in government funding for exploration and has held senior roles at various mining companies [2] Exploration Projects - The Penny Copper Project has seen over 100 years of exploration activity, with recent work returning copper values up to 2,388 ppm Cu [5] - The Quarry Antimony Project has historical samples showing significant mineralization, including 0.89% g/t Au and 20% Sb [6] - The Lotto Tungsten Project has a historical sample with 10.97% Wo3, while the Altura and Hurley Antimony projects are strategically positioned near recent high-grade discoveries [6] Leadership Comments - Morgan Verge expressed excitement about contributing her experience in critical metals to advance exploration strategies at Maxus [3] - Scott Walters, CEO of Maxus, highlighted the importance of Verge's experience and leadership skills in driving the successful advancement of the Company's projects [3]
CANADA CARBON ANNOUNCES RECEIPT OF NECESSARY PERMITS FOR ITS THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY
Globenewswire· 2025-07-08 11:15
Core Viewpoint - Canada Carbon Inc. has received all necessary permits to initiate its third drilling campaign at the Asbury Graphite Property, which is expected to enhance its resource estimates and support a pre-feasibility study by the end of 2025 [1][4][6]. Group 1: Drilling Campaign Details - The upcoming drilling campaign aims to complete up to 5,200 meters of core drilling across a 5-kilometer mineralization trend at Asbury [2]. - This campaign will add to previous drilling efforts from 2022 and 2023, bringing the total core samples to over 10,000 meters, which will aid in de-risking the project [2][4]. - The company plans to utilize the data from this campaign to update its NI 43-101 resource report and complete a pre-feasibility study by December 31, 2025 [4]. Group 2: Resource Estimates and Historical Context - The maiden resource estimate reported an inferred resource of 4.14 million tons (Mt) with an average grade of 3.05% carbon grade (Cg), using a cut-off grade of 1.0% Cg [4]. - Asbury was previously an operational graphite mining project from 1974 to 1988, producing high-quality concentrate [7]. Group 3: Stakeholder Engagement - The company has engaged with local stakeholders, including the municipality of Notre-Dame-du-Laus and the Kitigan Zibi Anishinaabeg community, to discuss the project and incorporate feedback [5]. Group 4: Management Commentary - The CEO of Canada Carbon expressed confidence in the drilling campaign, stating it will validate assumptions regarding mineralization at Asbury and contribute positively to the local economy [6][7].
Churchill Reports High-Grade Zinc Results on Polymetallic Veins at the Black Raven Property, Central Newfoundland
Globenewswire· 2025-07-08 11:00
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce the final due-diligence sample results on its Black Raven property with three over-limit zinc assays of 5.25%, 11.03% and 12.11% from grab samples 305, 315 and 321 respectively. These samples returned high-grade gold, silver, lead and zinc, emphasizing the polymetallic metal assemblage of critical minerals present in the Black Raven vein system, per the summary table and figu ...
Rugby Resources Ltd. Provides Update on Arrangement with Pampa Metals
Globenewswire· 2025-07-08 10:30
Core Viewpoint - Rugby Resources Ltd. is moving forward with a Special Meeting for shareholders to vote on a Statutory Plan of Arrangement involving the acquisition by Pampa Metals Corp. [1][2][6] Group 1: Arrangement Details - The Arrangement involves Rugby shareholders receiving one common share of Pampa Metals for every 6.4 Rugby Shares held, along with one Aegis Share for every 10 Rugby Shares held [2] - Aegis Resources Ltd. will hold a 20% free-carried interest in the Cobrasco project in Colombia, along with interests in other mineral projects in Chile and Australia [4] - The Arrangement requires at least two-thirds (66⅔%) approval from the votes cast by Rugby shareholders present at the Meeting [3] Group 2: Management and Recommendations - The board of directors of Rugby unanimously recommends that shareholders vote in favor of the Arrangement Resolution, deeming it fair and in the best interest of Rugby [6] - Yale Simpson, Rugby's Chairman, expressed confidence that the management of Pampa Metals will quickly evaluate the Cobrasco project post-Arrangement [8] Group 3: Regulatory and Legal Aspects - Rugby has received conditional acceptance from the TSX Venture Exchange for the Arrangement and an interim order from the Supreme Court of British Columbia [7] - A final court hearing for the Arrangement is scheduled for July 22, 2025 [7] Group 4: Financial Aspects - Pampa Metals announced a non-brokered private placement LIFE Offering for gross proceeds of $6 million through the issuance of 37.5 million common shares at a price of $0.16 [8]
Pacific Bay Minerals Ltd. Announces $2 Million Private Placement to Advance Pereira-Velho Gold Project in Brazil and Extends Warrant Expiry Dates
Newsfile· 2025-07-08 06:22
Core Viewpoint - Pacific Bay Minerals Ltd. announces a non-brokered private placement to raise up to $2 million to advance the Pereira-Velho Gold Project in Brazil and extends the expiry dates of certain warrants [1][2][10]. Private Placement Details - The company plans to issue up to 20,000,000 units at a price of $0.10 per unit, aiming for gross proceeds of up to $2 million [3]. - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.15 for 24 months [4]. - An acceleration clause allows the company to expedite the expiry of the warrants if the trading price exceeds $0.25 for 20 consecutive trading days [4]. Use of Proceeds - Net proceeds will primarily fund the acquisition and exploration of the Pereira-Velho Gold Project in Alagoas State, Brazil [7]. - Remaining funds may be allocated for exploration on Canadian assets and general working capital [8]. Insider Participation - Certain insiders may participate in the offering, which will be treated as a related party transaction [9]. Warrant Extension - The company intends to extend the expiry of 7,365,873 warrants issued on July 20, 2022, from July 20, 2025, to July 20, 2026, pending TSXV approval [10]. Management Update - Elton Pereira has transitioned to the role of country manager for Brazil, aligning with the company's focus on the Pereira-Velho gold project [11].
Canter Resources Amends Underlying Agreements to Establish Path to Strategic Partnership at Columbus
Newsfile· 2025-07-07 21:00
Core Points - Canter Resources Corp. has amended underlying agreements to reduce property carrying costs by approximately 50% and extend major cash or exploration work obligations to 2027 and 2028 [1][2] - The company is focused on domestic lithium production through brine resources and sustainable extraction methods, viewing the Columbus Project as a significant opportunity for discovery [2] - The company is retaining 379 claims covering a core mineralized system at Columbus, resulting in annual cost savings of $130,000 [7] Financial Adjustments - The company plans to settle debts totaling $154,000 through the issuance of 2,200,000 common shares at a deemed price of $0.07 per share [4] - A cash payment obligation of $250,000 due on May 9, 2026, has been reduced to $25,000 in cash and $40,000 in shares, resulting in a $225,000 reduction [7] - A $600,000 payment due on November 9, 2026, has been extended to December 1, 2027, and reduced to $450,000, with $150,000 payable in shares [7]