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 ...

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]

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].

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]

Company Overview - Copper Road Resources Inc. has appointed Mr. Brian Howlett as President and CEO, effective immediately, bringing extensive experience in the junior exploration business [1] - The company aims to generate renewed interest through the acquisition of a new project or business and plans to relaunch its website soon [2] Shareholder Engagement - Mr. Howlett expressed the company's commitment to updating shareholders as warranted regarding future developments [2] - Copper Road remains a significant shareholder of Sterling Metals Corp., holding approximately 7% of the shares outstanding [2]

Core Viewpoint - Nova Minerals Limited has filed a registration statement for a secondary public offering of its American Depositary Shares (ADSs) to advance its Estelle Project in Alaska, focusing on gold, antimony, and critical minerals [1][2]. Group 1: Offering Details - The offering will consist of ADSs, each representing 60 ordinary shares, with an assumed price of US$12.56 per ADS based on the Nasdaq sale price on June 30, 2025 [2]. - The final number of ADSs and the public offering price have not yet been determined, and the offering is subject to market conditions [2]. - The offering will be conducted under ASX listing rules 7.1 and 7.1A [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for resource and exploration field programs, including additional drilling, feasibility studies, and general working capital [3]. Group 3: Company Overview - Nova Minerals Limited is focused on the Estelle Project, which includes 514 km of mining claims in Alaska, featuring multiple mining complexes and over 20 advanced gold and antimony prospects [7]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment exceeding 220 million ounces and hosting major gold mines [7].

Core Viewpoint - Aventis Energy has successfully closed a non-brokered private placement, raising C$350,000 through the issuance of 1,400,000 flow-through units, which will be used for exploration on its project portfolio [1][3]. Group 1: Offering Details - The private placement consisted of flow-through units priced at C$0.25 each, generating gross proceeds of C$350,000 [1]. - Each flow-through unit includes one common share and half a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.35 for 24 months [2]. - A total of C$21,000 was paid in cash as finder's fees in connection with the offering [4]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated to eligible Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [3]. - All qualifying expenditures will be renounced in favor of the subscribers of the flow-through units effective December 31, 2025 [3]. Group 3: Company Overview - Aventis Energy Inc. is focused on mineral exploration, particularly in battery, base, and precious metals, with projects in stable jurisdictions [6]. - The company is advancing its Corvo Uranium and Sting Copper projects, which have shown promising historical drill results [6][7][8].

Core Points - Montero Mining and Exploration Ltd. has completed a return of capital to its shareholders amounting to C$15,036,892.50 through a cash distribution [1] - The distribution was funded by a portion of the net proceeds from a US$27 million settlement with the Government of Tanzania regarding the Wigu Hill rare earth project [3] - The company has not reported any other material developments aside from the distribution, and recent share price volatility is believed to be linked to this event [2] Financial Details - The total cash distribution to shareholders was C$15,036,892.50, paid out pro rata [1] - The funds for the distribution were derived from a US$27 million settlement related to the expropriation of the Wigu Hill project [3] Shareholder Information - Registered shareholders must complete a letter of transmittal to receive the distribution, which is available on the company's SEDAR+ profile [5] - Following a consolidation of common shares effective May 5, 2025, shareholders received a letter from the transfer agent with instructions for exchanging share certificates [4]

Core Viewpoint - Rocky Shore Gold Ltd. has successfully completed a transaction with Barrick Mining Corporation for CAD$975,000, acquiring all Ontario claims owned by the Company [1][2]. Group 1: Transaction Details - The transaction includes all Ontario claims owned by Rocky Shore Gold, including those under a previously terminated option agreement [2]. - The Company retains a variable-rate royalty of up to 0.50% Net Smelter Returns on the claims, with Barrick having the option to buy back 50% of the royalty for a one-time payment of CAD$500,000 [2]. Group 2: Company Overview - Rocky Shore Gold is a Canadian mineral exploration company focused on gold discoveries in central Newfoundland, particularly on its 100% owned Gold Anchor Project [4]. - The Gold Anchor Project is the second largest property in the emerging Central Gold District, covering over 1,200 square kilometers and located near major gold discoveries [4]. - The project contains numerous gold-bearing faults, including the highly prospective Appleton and JBP Fault Corridors [4].

Core Points - Vanguard Mining Corp. is applying to list 12,690,001 common share purchase Warrants on the Canadian Securities Exchange (CSE) [1][2] - Each Warrant allows the holder to acquire one common share at an exercise price of $0.10 per share before February 6, 2028 [2] - The Warrants are expected to trade under the symbol UUU.WT and will be governed by a warrant indenture with Endeavor Trust Corporation [2][3] Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on discovering and developing high-value strategic minerals [4] - The company is advancing uranium exploration projects in the United States and Paraguay, targeting assets critical to the global energy transition [4] - Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties [4]