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Lift Closes Transaction With Azimut for 50% Interest in Galinée Property
Globenewswire· 2026-02-18 08:15
Core Viewpoint - Li-FT Power Ltd. has successfully acquired a 50% interest in the Galinée property from Azimut Exploration Inc., which is strategically located next to the Adina lithium deposit owned by Winsome Resources Ltd. This acquisition is a significant step towards enhancing the value and scale of the Adina lithium deposit [1][3]. Acquisition Details - The acquisition was completed under the Azimut Agreement, where Li-FT Power issued 2,000,000 common shares and granted a 1.4% net smelter return royalty on the Galinée Property [2]. - A deferred cash consideration of $1,500,000 is also part of the agreement, payable either in cash or common shares, contingent upon the completion of an economic study or within 18 months of closing [2]. Company Overview - Li-FT Power Ltd. is focused on the acquisition, exploration, and development of lithium pegmatite projects in Canada, with its flagship project being the Yellowknife Lithium Project in Northwest Territories [3]. - The company also holds three early-stage exploration properties in Quebec, which have strong potential for discovering buried lithium pegmatites, in addition to the Cali Project in Northwest Territories [3].
Lift Closes Transaction With Azimut for 50% Interest in Galinée Property
Globenewswire· 2026-02-18 08:15
Core Viewpoint - Li-FT Power Ltd. has successfully closed the acquisition of a 50% interest in the Galinée property from Azimut Exploration Inc., which is strategically located adjacent to the Adina lithium deposit owned by Winsome Resources Ltd. [1][3] Group 1: Acquisition Details - The acquisition was completed under the Azimut Agreement, where Li-FT Power issued 2,000,000 common shares and granted a 1.4% net smelter return royalty on the Galinée Property [2] - A deferred consideration of $1,500,000 is payable in cash or common shares, contingent upon the completion of an economic study or within 18 months following the closing [2] Group 2: Strategic Implications - The acquisition of the Galinée property is a step towards fulfilling the conditions for acquiring Winsome Resources, aiming to unlock the full value and scale of the Adina lithium deposit [3] - Li-FT Power is focused on lithium pegmatite projects in Canada, with its flagship project being the Yellowknife Lithium Project, alongside other early-stage exploration properties in Quebec [3]
New Earth Resources Discusses Integrated High-Resolution Airborne Geophysical Techniques for Targeted Rare Earth Element Exploration on its Red Wine Rare Earth Elements Project
Globenewswire· 2026-02-18 08:05
Core Viewpoint - New Earth Resources Corp. is advancing its exploration strategy for rare earth elements (REE) at the Red Wine project by utilizing integrated high-resolution airborne geophysical magnetic and radiometric data to identify priority zones for targeted exploration [1][2]. Exploration Strategy - The company plans to refine its exploration strategy by using integrated magnetic and radiometric datasets to identify structural controls and mineral signatures typical of REE deposits [2]. - The combined datasets have identified multiple high-priority targets that align with REE-bearing intrusive complexes [2]. Data Analysis Techniques - The integration of high-resolution magnetic and radiometric data aims to accurately pinpoint structurally controlled target zones [3]. - High equivalent Thorium (eTh) anomalies show a strong spatial link to structural trends and lithological contacts, which are critical for identifying REE deposits [3]. - The company is surveying Potassium (K), Thorium (Th), and Uranium (U) channels to identify elevated Thorium-to-Potassium (Th/K) ratios, a key indicator of Total Rare Earth Element enrichment [3]. - Magnetic data is utilized to map faults, shears, and intrusions that host alkaline complexes or carbonatites [3]. - The team is targeting magnetic lows and highs associated with carbonatites and iron oxide-apatite hosted REE deposits, respectively [3]. - 3D inversion is applied to magnetic data to define the geometry and depth of intrusive bodies for potential future drilling targets [3]. - Radiometric anomalies are directing soil and rock chip sampling to areas with the highest surface mineralization [3]. Property Overview - The Red Wine Property covers approximately 1,575 hectares and is located in the Central Mineral Belt of Labrador, underlain by lithologies with high potential for REE mineralization [4]. - The property is part of the broader Red Wine Intrusive Suite, which includes peralkaline granites and syenites, and has a documented history of REE-bearing minerals [5]. Historical Context - Historical exploration programs dating back to the 1970s have revealed multiple discoveries for REE and associated commodities in the district, including notable sites such as Two Tom, North Red Wine, Partridge River, and Mann [5].
Apex Strengthens Executive Management Team
Accessnewswire· 2026-02-18 08:01
Core Insights - Apex Critical Metals Corp. has appointed Nathan Steinke as Chief Financial Officer and Joness Lang as Executive Vice President of Growth Strategy, effective immediately [1] - These leadership changes are part of Apex's strategy to advance its critical metals projects and prepare for significant growth [1] - The company is focusing on aggressive exploration and drilling plans at its Rift Rare Earth Project located in the Elk Creek Carbonatite Complex in southeast Nebraska, U.S.A. [1]
Traction Uranium Announces Proposed Share Consolidation
Globenewswire· 2026-02-17 23:31
Core Viewpoint - Traction Uranium Corp. plans to consolidate its common shares on a three-to-one basis, reducing the outstanding shares from approximately 10,949,093 to about 3,649,697 [1]. Group 1: Consolidation Details - The proposed consolidation will be followed by a news release detailing the effective date, new CUSIP and ISIN for the consolidated shares, and other relevant information [2]. - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole share without cash compensation [2]. - The consolidation was approved by shareholders at the Annual General and Special Meeting on February 12, 2026, and subsequently by the Board of Directors [3]. Group 2: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, including the Athabasca Region and the Aurora Project in northern Saskatchewan [4].
The Canadian Chrome Company Inc. Announces Closing of a Second Tranche of Its Private Placement of Units and Provides a Corporate Update on Its Strategic Review
TMX Newsfile· 2026-02-17 22:26
Core Viewpoint - The Canadian Chrome Company Inc. has successfully closed the second tranche of its non-brokered unit private placement, raising a total of $260,000 through the issuance of 173,333 units at a price of $1.50 per unit, which will be used to satisfy debts owed to a third party [1][2]. Private Placement Details - The second tranche of the private placement consists of 173,333 units priced at $1.50 each, resulting in gross proceeds of $260,000 [1]. - Each unit includes one multiple voting share and one warrant, allowing the holder to purchase an additional multiple voting share at $1.75 before December 31, 2027, or within two business days after a change of control [1]. - The private placement has been extended until March 2, 2026, with the possibility of additional tranches being completed before this date [3]. Use of Proceeds - The proceeds from the private placement are non-cash and are designated to settle bona fide debts, specifically accrued work fees payable to Origin Merchant Partners [2]. Corporate Strategy - The company has engaged Origin Merchant Partners as a financial advisor to explore its strategic options, including potential sale, divestiture, or joint ventures [4]. - The CEO emphasized the attractiveness of the company's chromite projects in the context of global market trends and domestic supply chain interests, indicating potential interest from various investors [5]. Company Overview - The Canadian Chrome Company Inc. focuses on the exploration and development of large-scale mineral deposits, particularly chromite in the Ring of Fire, and aims to support infrastructure development for accessing remote areas [6].
Taranis Identifies Borr Zone Using EM, Prepares for Drilling on East Side of Lamprophyre Dyke
Accessnewswire· 2026-02-17 19:00
Core Viewpoint - Taranis Resources Inc. is advancing its exploration activities at the Thor project for 2026, indicating a focus on district-scale exploration [1] Group 1 - The company is providing an update on its planned exploration activities for the Thor project in 2026 [1]
Critical Minerals Push Drives High-Grade Exploration in BC's Golden Triangle
Globenewswire· 2026-02-17 15:52
Core Insights - The United States is now fully reliant on imports for 16 critical minerals, with over half of 90 tracked commodities sourced from foreign suppliers, highlighting a significant supply chain vulnerability [1] - Global refined copper production is approximately 26.5 million tonnes, falling short of the demand of 27.2 million tonnes, resulting in a 700,000-tonne deficit, which could increase due to AI data center requirements [1] - The U.S. State Department held a Critical Minerals Ministerial in February 2026, resulting in the signing of eleven new bilateral frameworks and the announcement of a $10 billion strategic critical minerals reserve under Project Vault [1] Company Developments - GoldHaven Resources confirmed gold mineralization at its Copeçal West Target in Brazil, with the first drilling returning 39 meters at 0.11 g/t gold, indicating a mineralized system beneath a thick saprolite layer [3][4] - The Copeçal Gold Project is located in Brazil's Alta Floresta Mineral Province, where GoldHaven holds 3,681 hectares, and previous drilling at the East Target discovered bornite, suggesting potential for a substantial gold-copper system [4] - GoldHaven also confirmed high-grade tungsten mineralization at its Magno Property in British Columbia, with surface samples showing silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm [5] Industry Trends - Junior exploration companies are adopting dual-track strategies that combine exploration with near-term production potential, which helps reduce funding risk while maintaining upside potential [2] - Scottie Resources reported high-grade gold intercepts from its Blueberry Contact Zone, with drill hole SR25-420 returning 34.3 g/t gold over 3.30 meters [6][7] - Goliath Resources reported high-grade drill results from its Golddigger property, with highlights including 19.13 g/t gold over 6.10 meters, indicating strong continuity of mineralization [8][9] - Sun Summit Minerals confirmed high-grade gold and silver potential at the Finn Zone within its JD Project, with drill hole FZ-25-002 returning 46.0 meters of 1.03 g/t gold and 44.9 g/t silver [10][11] - Thesis Gold appointed Coille van Alphen to its Board of Directors as it transitions from exploration to project development at its Lawyers-Ranch gold project, which has a Prefeasibility Study showing an after-tax IRR of 54.4% [13][14]
Prismo Metals to Host Webinar on February 26th, 2026
Thenewswire· 2026-02-17 15:35
Company Overview - Prismo Metals Inc. is a mining exploration company focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [9] Upcoming Webinar - The company will host a live webinar on February 26th, 2026, at 1:00 PM PST (4:00 PM EST) to discuss its upcoming drill program at the Silver King project [1][2] - CEO Alain Lambert and Chief Exploration Officer Dr. Craig Gibson will present and answer questions from attendees [2] Drill Program Details - The company has received formal permit approval from the U.S. Forest Service for its fully funded drill program at Silver King [2] - Godbe Drilling LLC has been engaged to conduct the Phase 1 drilling program, which is based in Colorado and has extensive experience in the southwestern United States [2] Historical Context of Silver King - The Silver King mine, discovered in 1875, is one of Arizona's significant historical silver producers, yielding nearly 6 million ounces of silver at grades up to 61 oz/t [3][5] - Historical production included grades as high as 644 oz/t silver and 0.53 oz/t gold from small-scale operations in the late 1990s [3] Strategic Location - The Silver King mine is strategically located only 3 km from the Resolution Copper project, a joint venture recognized as one of the world's largest unmined copper deposits [4] Exploration Potential - The mine has not undergone significant modern exploration, indicating substantial exploration upside and multiple drill targets [6]
Latin Metals Announces Anticipated Closing Date for Spin-Out of Para and Auquis Copper Projects
Globenewswire· 2026-02-17 13:20
Core Viewpoint - Latin Metals Inc. is set to complete a spin-out transaction of its Para Copper Project and Auquis Copper Project into a new entity, Latin Explore Inc., with the arrangement expected to close on February 18, 2026, allowing shareholders to receive new shares in both companies [1][4]. Group 1: Spin-Out Transaction Details - The spin-out transaction will allow Latin Metals shareholders to receive one new common share of Latin Metals and approximately 0.07904222 shares of Latin Explore for each share held [1][6]. - Registered shareholders must complete and submit a letter of transmittal along with their shares to Computershare Investor Services Inc. to receive the new shares [2]. - Non-registered shareholders should contact their intermediaries for assistance in the share deposit process [3]. Group 2: Regulatory and Compliance Information - The closing of the arrangement is subject to the satisfaction of conditions, including approval from the TSX Venture Exchange [4]. - The securities issued in the arrangement will not be registered under the U.S. Securities Act and may not be sold in the U.S. without proper registration or exemption [5]. Group 3: Company Overview - Latin Metals Inc. operates as a copper, gold, and silver exploration company in Peru and Argentina, utilizing a prospect generator model to minimize risk and maximize discovery potential [7]. - The company is actively seeking strategic partners to advance its exploration portfolio [7]. Group 4: Upcoming Events - Latin Metals will participate in several industry conferences in Q1 2026, providing opportunities to connect with investors and industry leaders while showcasing its exploration progress [10].