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NextSource Materials says mining operations, graphite shipments unaffected by political situation in Madagascar
Proactiveinvestors NA· 2025-10-17 12:41
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Firefly Metals hits high-grade copper-gold in Canada
Proactiveinvestors NA· 2025-10-17 12:04
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Nasdaq to lead the decline as regional banks trigger 'minor market sell-off'
Proactiveinvestors NA· 2025-10-17 12:01
Core Viewpoint - Proactive Investors provides fast, accessible, and actionable business and finance news content to a global investment audience, focusing on medium and small-cap markets as well as blue-chip companies and broader investment stories [2][3]. Group 1: Company Overview - Proactive Investors has a team of experienced financial journalists and broadcasters, including Stephen Gunnion, who has over 25 years of experience in various media formats [1]. - The company operates in key finance and investing hubs worldwide, with bureaus and studios located in London, New York, Toronto, Vancouver, Sydney, and Perth [2]. Group 2: Content Focus - The content produced by Proactive covers a wide range of sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3]. - Proactive aims to engage motivated private investors by delivering news and unique insights across these markets [3]. Group 3: Technology Utilization - Proactive is committed to adopting technology to enhance its content creation processes, utilizing automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4][5].
NextSource Materials Confirms Uninterrupted Mine Operations and Shipments of SuperFlake(R) Graphite from Madagascar
Accessnewswire· 2025-10-17 11:49
Core Viewpoint - NextSource Materials Inc. confirms that operations at its Molo Graphite Mine in Madagascar are unaffected by the current political situation, with normal mining and processing activities continuing [1] Operations - Mining and processing activities at the Molo mine are ongoing under normal conditions [1] - The company is maintaining its regular campaign production and logistics schedules [1]
Exgen Resources and MTB Metals Enter Into Arrangement Agreement to Merge, Creating a Well Funded Copper, Gold and Lithium Exploration and Development Company
Globenewswire· 2025-10-17 11:30
Core Viewpoint - ExGen Resources Inc. and MTB Metals Corp. have entered into an Arrangement Agreement to combine their operations, assets, and properties, subject to shareholder and regulatory approvals, creating a stronger exploration and development company in the copper and gold sectors [1][2][18]. Proposed Transaction Details - ExGen will acquire all issued and outstanding securities of MTB at a ratio of 0.286 ExGen shares for each MTB share, resulting in MTB securityholders owning approximately 35% of the combined company [2]. - The transaction follows a Letter of Intent announced on August 13, 2025, and both companies are working on National Instrument 43-101 reports for their flagship projects [3]. Benefits of the Proposed Transaction - The merger combines MTB's copper and gold project exposure with ExGen's interest in the Empire copper mine, providing a clear path to near-term cash flow [5]. - The combined entity will have a strong balance sheet and aims to expand its portfolio of royalties and carried interests while pursuing selective exploration programs [5]. - The transaction positions the companies favorably in a rising metals market, enhancing leverage to production potential and new discoveries [5]. Assets Overview - ExGen holds a 20% carried interest in the Empire Mine project in Idaho, with significant historical drilling results indicating high copper and gold values [6]. - ExGen's other assets include the Dok Project in British Columbia and the Spark North Lithium Project in Nevada, enhancing its portfolio in favorable jurisdictions [7]. - MTB's assets include the Telegraph project, which has multiple porphyry copper-gold targets, and the Southmore property, which hosts significant mineralization [11][12]. Next Steps - MTB will seek an interim court order for the arrangement and hold a special meeting of shareholders, anticipated in early to mid-December [14]. - The completion of the Proposed Transaction is contingent upon shareholder approvals, court approval, and acceptance by the TSX Venture Exchange [18].
First Phosphate Provides Perspective on Recent Trading Activity in its Common Shares
Newsfile· 2025-10-17 11:10
Core Perspective - First Phosphate Corp. addresses recent trading activity, including increased volume and price volatility of its common shares, following China's announcement of new export controls on critical materials [1][3]. Industry Impact - China's Ministry of Commerce announced unilateral export controls on rare earth materials, including lithium iron phosphate (LFP) cathode active material, effective November 8, 2025, which is expected to affect various global industries such as energy storage, AI data centers, robotics, mobility, defense, and electric vehicles [2][4]. - LFP batteries constitute a majority of global electric battery production, predominantly manufactured in China, indicating a significant reliance on Chinese supply chains [4]. Company Developments - First Phosphate is focused on onshoring the LFP battery supply chain in North America, recently producing commercial-grade LFP 18650 battery cells using North American critical minerals [5][6]. - The high-purity phosphoric acid and iron powder for these battery cells were sourced from the company's Bégin-Lamarche property in Quebec, Canada [6][12]. - A recent white paper by First Phosphate received a "Met" rating from the Defense Industrial Base Consortium, highlighting the importance of phosphate for national defense and the need for a domestic source to reduce dependency on China [7]. Strategic Goals - First Phosphate aims to accelerate its mine-to-market LFP battery supply chain strategy in North America, targeting markets such as energy storage, data centers, robotics, mobility, defense, and electric vehicles [7][11].
Emerita Extends El Cura Deposit 90 Meters Westward, Intersecting 4.1 Meters Grading 3.9% copper, 3.6% lead 8.5% Zinc, 4.08 g/t gold and 96.4 g/t silver
Globenewswire· 2025-10-17 11:00
Core Insights - Emerita Resources Corp. has reported ongoing diamond drilling results that significantly expand the El Cura deposit, with the latest drill hole (EC080) extending mineralization by at least 90 meters to the west [1][10] - The company has approved an additional 12,000 meters of drilling to continue the expansion at El Cura, which is part of the wholly-owned Iberian Belt West project [1][13] Drilling Results - Recent highlights from the drilling campaign at El Cura include high-grade intercepts, such as drill hole EC080 which intercepted 4.1 meters grading 3.9% copper, 3.6% lead, 8.5% zinc, 4.08 g/t gold, and 96.39 g/t silver [7][10] - Other notable drill results include EC069 with 3.8 meters grading 1.8% copper, 2.3% lead, 6.2% zinc, 3.60 g/t gold, and 70.24 g/t silver, and EC075 with 3.5 meters grading 0.7% copper, 0.4% lead, 0.7% zinc, 0.67 g/t gold, and 25.09 g/t silver [7][10] Project Overview - The El Cura deposit is part of the Iberian Belt West project, which includes three identified Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura, and La Infanta [1][4] - The drilling is currently targeting the upper, lower, and western extents of the deposit, with all reported holes returning mineralized intercepts, except for one that encountered faulting [9][10] Historical Context - Historical workings at El Cura were limited, with only modest production recorded in 1882, indicating that the deposit remains largely undeveloped and has significant potential for further exploration [11][13] - The company interprets El Cura as an intact deposit, with no surface expression of mineralization in the area currently being drilled, suggesting excellent potential for expansion [11][13] Future Plans - Given the consistent high-grade results and the ongoing expansion of the deposit, Emerita has decided to extend the El Cura drill program by an additional 12,000 meters to further explore the western and deeper portions of the system [13][10]
Grid Metals Announces Closing of First Tranche of Strategic Private Placement
Accessnewswire· 2025-10-17 11:00
Not for distribution to United States Newswire Services or for dissemination in the United States TORONTO, ON / ACCESS Newswire / October 17, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of C$1,680,000 (the "First Tranche"). The First Tranche consisted of the issuance of 14,000,000 common shares of the Company ("Common Shares") to a str ...
Emerita Extends El Cura Deposit 90 Meters Westward, Intersecting 4.1 Meters Grading 3.9% copper, 3.6% lead 8.5% Zinc, 4.08 g/t gold and 96.4 g/t silver
Globenewswire· 2025-10-17 11:00
Core Insights - Emerita Resources Corp. has reported ongoing diamond drilling results that significantly expand the El Cura deposit, with the latest drill hole (EC080) extending mineralization by at least 90 meters to the west [1][10][13] - The company has approved an additional 12,000 meters of drilling to continue the expansion at El Cura, which is part of the wholly-owned Iberian Belt West project [1][13] Drilling Results - Recent highlights from the drilling campaign at El Cura include high-grade intercepts, with drill hole EC080 showing 4.1 meters grading 3.9% copper, 3.6% lead, 8.5% zinc, 4.08 g/t gold, and 96.39 g/t silver [7][10] - Other notable drill results include EC069 with 3.8 meters grading 1.8% copper, 2.3% lead, 6.2% zinc, and 3.60 g/t gold, and EC070 with 2.5 meters grading 1.2% copper, 0.4% lead, 1.2% zinc, and 4.37 g/t gold [7][10] Project Overview - The El Cura deposit is part of the Iberian Belt West project, which includes three identified Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura, and La Infanta [1][4] - The drilling is currently targeting the upper, lower, and western extents of the deposit, with all holes returning mineralized intercepts except for one [9][10] Historical Context - Historical workings at El Cura were limited, with only modest production recorded in 1882, indicating that the deposit remains largely undeveloped and has significant potential [11][12] - The company interprets El Cura as an intact deposit, with ongoing mapping revealing areas of intense alteration that suggest excellent potential for further mineralization [11][12] Future Plans - The company aims to convert Inferred mineralization to the Indicated category and expand the deposit at depth and to the west, with the recent drilling results expected to contribute substantially to the growing resource at El Cura [8][13]
Mkango Resources Limited Announces Exercise of Warrants
Accessnewswire· 2025-10-17 06:00
Core Points - Mkango Resources Ltd has received an exercise notice from a warrant holder to exercise 1,200,000 warrants at a price of five pence per common share [1] - The company will issue 1,200,000 common shares to satisfy this exercise [1] Company Summary - Mkango Resources Ltd is listed on AIM and TSX-V under the ticker MKA [1] - The exercise of warrants indicates investor confidence in the company's future prospects [1]