Core Viewpoint - Nova Minerals Limited is preparing for a significant 2025 field season at its Estelle Project in Alaska, with a 15,000-meter drilling program aimed at advancing key gold and antimony deposits towards feasibility and permitting [3][4]. 2025 Field Program Preparations - Preparations for the field season include clearing the Whiskey Bravo airstrip, transporting fuel and supplies, and mobilizing drill teams and equipment [4][5]. - The drilling program will utilize two diamond drill rigs and a reverse circulation (RC) rig, with operations expected to run continuously during the Alaskan summer [8]. - Initial drilling will focus on RPM, Stibium, and Korbel deposits, with a comprehensive surface sampling program planned across the broader Estelle project area [6][23]. Drilling Focus Areas - Approximately 10,000 meters of drilling is planned at RPM, targeting resource definition and exploration drilling to expand the deposit [11][13]. - At Stibium, around 3,000 meters of drilling will aim to establish a maiden mineral resource estimate for both gold and antimony, with significant surface sampling results reported [17][19]. - Korbel will see approximately 2,000 meters of drilling, focusing on evaluating a potential higher-grade starter pit [21]. Economic Context - The company highlights the strategic significance of its assets, with gold and antimony prices near historic highs, which could enhance the economic return of the Estelle Project [3][5]. - Nova is pursuing potential U.S. Department of Defense funding to accelerate the establishment of a mineral resource estimate and production capabilities at Estelle [6][25]. Feasibility and Environmental Studies - Alongside drilling, Nova is advancing its metallurgical, environmental, and process engineering test work to support the ongoing feasibility study and streamline the permitting process [25]. Company Overview - Nova Minerals Limited is focused on the exploration and development of gold, antimony, and critical minerals, with the Estelle Project comprising over 514 km of mining claims in the Tintina Gold Belt, known for its significant gold and antimony resources [31].

Core Viewpoint - Perpetua Resources Corp. has been awarded additional funding of up to $6.9 million from the U.S. Army to support the development of a domestic supply chain for antimony trisulfide, a critical component for munitions and defense systems [1][2] Funding and Agreements - The new funding builds on a previous award of $15.5 million received in August 2023 under the Ordnance Technology Initiative Agreement (OTIA) [1][2] - The total funding under the OTIA can reach up to $22.4 million, subject to adjustments based on various factors as the program progresses [4] - Perpetua has now received over $80 million in total from the Department of Defense [2] Project Details - The Stibnite Gold Project is expected to supply up to 35% of U.S. antimony demand during its first six years of operations [5] - The project aims to restore American supply chain resilience, create jobs, and address environmental issues at an abandoned mine site [5][10] - Antimony trisulfide is essential for over 300 types of munitions, highlighting the importance of establishing a domestic supply chain [3] Strategic Importance - The partnership with the Department of Defense is part of a broader strategy to secure domestic sources of critical minerals, enhancing national defense capabilities [2][3] - The project aligns with the U.S. Army's "ground-to-round" critical minerals strategy, emphasizing the need for a fully domestic supply chain [2][3]

Core Viewpoint - Perpetua Resources Corp. has submitted a formal application to the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $2 billion to construct the Stibnite Gold Project, which aims to establish a domestic source of antimony and produce gold [2][3][4]. Group 1: Project Financing and Application - The application amount has increased from $1.8 billion to $2 billion, reflecting a higher estimated number of job-years based on recent financial updates and engineering work [1][3]. - EXIM is expected to conduct standard due diligence on the application, assessing the project's eligibility under relevant initiatives [2][3]. - The financing, if approved, could cover a majority of the project's development costs, enhancing the U.S. competitive position against China in antimony production [5][6]. Group 2: Strategic Importance of the Project - The Stibnite Gold Project is positioned as a national strategic asset for domestic antimony production and is also recognized as a world-class gold asset [4][5]. - The project aims to restore a secure supply of antimony for the U.S., which is critical for national defense, especially after China blocked global antimony exports in 2024 [5][6]. - Perpetua Resources has received a Technology Investment Agreement of $59.2 million in Defense Production Act funding to advance the project [7]. Group 3: Regulatory and Permitting Progress - Perpetua has received its final federal permit, the Clean Water Act Section 404 permit, marking the end of an eight-year federal permitting process [6]. - The company is now focused on obtaining remaining state permits and securing financing to commence construction [6][7].

Core Points - The U.S. Army Corps of Engineers has issued the final federal Clean Water Act Section 404 permit for the Stibnite Gold Project, allowing Perpetua Resources to advance towards construction [1][2] - The project aims to be the only domestic source of antimony, enhancing U.S. national security and providing environmental and community benefits [1][2] - The Stibnite Gold Project is expected to create approximately 550 jobs during operations and produce around 450,000 ounces of gold annually in its first four years [2][3] Project Details - The Stibnite Gold Project is designed to redevelop the historical Stibnite Mining District for gold, silver, and antimony while restoring the environment [3][7] - The project holds approximately 4.8 million ounces of gold reserves and an estimated 148 million pounds of antimony, which could meet about 35% of U.S. antimony demand during its initial six years of production [2][3] - The project has undergone eight years of rigorous permitting, including multiple environmental impact statements, with over 23,000 letters of support received during public comment periods [3][4] Economic and Environmental Impact - The project is expected to bring significant investment to rural Idaho and enhance U.S. mineral security, especially after China cut off global antimony exports [2][4] - Environmental restoration efforts include improving water quality, restoring natural water flow, and increasing wetland acres and quality [5][6] - The project has been recognized as a Transparency Project by the Trump Administration, aimed at bolstering American mineral production [4][6] Company Background - Perpetua Resources Corp. focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, applying a modern and responsible mining approach [7] - The company has received $59.2 million in Defense Production Act funding to advance the project [7] - Perpetua Resources is committed to transparency, environmental stewardship, and community engagement as part of its operational strategy [7]

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 14, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has closed the second tranche (the "Second Tranche") of its previously announced C$143M/A$162M private placement (the "Placement").Pursuant to the closing of the Second Tranche, the Company issued 6,636,918 common shares (the "Shares" and each common share in the autho ...

United States Antimony (UAMY) Q1 2025 Earnings Call May 08, 2025 04:15 PM ET Company Participants Gary Evans - CEO & ChairmanRichard Isaak - Senior VP & CFOJoe Bardswich - EVP, Chief Mining Officer & DirectorJonathan Miller - VP of Investor Relations & Global Sales Manager Operator Welcome to the United States Antimony Corporation First Quarter twenty twenty five Financial and Operational Results Meeting. At this time, all participants are in a listen only mode. A question and answer session will follow the ...

United States Antimony (UAMY) Q1 2025 Earnings Call May 08, 2025 04:15 PM ET Speaker0 Welcome to the United States Antimony Corporation First Quarter twenty twenty five Financial and Operational Results Meeting. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this webcast is being recorded. I will now turn the webcast over to your host, Gary C. Evans, Chairman and CEO. You may begin. Speaker1 Thank you, sir, and thank a ...

ROUYN-NORANDA, Quebec, May 06, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide an update on drilling by Antimony Resources Corp. (ATMY-CSE, K8J0-FSE) on the Bald Hill antimony property in New Brunswick under option from Globex. Under the option, Antimony Resources ...

Core Viewpoint - Southern Cross Gold Consolidated Ltd has announced an upsized private placement of approximately C$143 million/AUD$162 million to fund its strategic Sunday Creek Gold-Antimony Project, reflecting strong demand from institutional and existing investors [1][3][8]. Proposed Placement - The company aims to raise approximately C$143 million through a private placement of 31.8 million common shares at C$4.50 per share and/or Chess Depositary Interests (CDIs) at A$5.10 per CDI [3][4]. - The placement will not require shareholder approval and will be conducted under the company's placement capacity according to ASX listing rules [4]. Pricing and Discounts - The issue price for the CDIs represents an approximate 8.9% discount to the last closing price on April 28, 2025, and an 8.3% discount to the 5-day volume weighted average price prior to a trading halt [5]. - The issue price for the Common Shares represents a 4.1% discount to the last closing price on April 29, 2025, and a 5.0% discount to the 5-day volume weighted average price prior to the trading halt [6]. Timeline and Conditions - The issuance of the Securities is expected to occur in two tranches: Tranche 1 on May 6, 2025, for CDIs and Tranche 2 on May 14, 2025, for the remaining Common Shares [7]. - All Securities will be subject to a four-month hold period from the closing date [7]. Use of Funds - The net proceeds from the placement will be allocated to key milestones for the Sunday Creek Gold-Antimony Project, including: - C$53 million for drilling to establish an Inferred Resource by Q1 2027 - C$27 million for decline development to enhance access to mineralization - C$4 million for a Preliminary Economic Assessment - C$59 million for exploration target expansion and working capital over three years [8][18]. Strategic Importance - The Sunday Creek project is positioned as a significant gold and antimony discovery, with antimony contributing 20% of the in-situ value, which has gained importance due to geopolitical factors affecting supply [16][17]. - The project is expected to be developed primarily based on gold economics, reducing risks associated with antimony while maintaining strategic supply potential [17].

Core Viewpoint - Alkane Resources Limited and Mandalay Resources Corporation have announced a "merger of equals" transaction, where Alkane will acquire all outstanding shares of Mandalay, creating a combined company that will operate under the name "Alkane Resources" and remain listed on the ASX while seeking a listing on the TSX [1][2]. Transaction Details - Mandalay shareholders will receive 7.875 ordinary shares of Alkane for each share of Mandalay held prior to the effective time of the transaction [2][12]. - The combined company will have an estimated market capitalization of A$1,013 million (C$898 million) [2][10]. - The transaction is subject to approval by shareholders of both companies and regulatory approvals, with an expected closing in Q3 2025 [13][16]. Strategic Rationale - The merger will create a diversified gold and antimony producer with three operating mines in premier mining jurisdictions [3][5]. - Projected gold equivalent production is approximately 160,000 ounces in 2025, increasing to over 180,000 ounces in 2026 [5][6]. - The combined company will have a robust pro forma balance sheet with A$188 million (C$167 million) in cash as of March 31, 2025, to support growth initiatives [5][6]. Management and Leadership - The executive team will be led by Nic Earner from Alkane, with key Mandalay executives joining to ensure operational continuity [2][11]. - The Board of Directors will include nominees from both companies, ensuring a balanced representation [6][21]. Benefits for Shareholders - Mandalay shareholders are expected to benefit from the production of the Tomingley gold mine and the growth potential of the Boda-Kaiser copper-gold project [15]. - Alkane shareholders will gain exposure to strategic antimony production from Costerfield and the strengthened balance sheet of the combined entity [15]. Market Metrics - The transaction implies a 2% premium to Mandalay's share price based on the exchange ratio, while a 20-day volume-weighted average price indicates a 6% discount [10]. - The merger is anticipated to enhance trading liquidity and increase the equity free-float, potentially leading to a valuation re-rate in line with ASX-listed peers [15].