Mineral Exploration and Development

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Royal Road and Rio2 Announce Share Acquistion by Rio2
Newsfile· 2025-09-29 11:30
Core Viewpoint - Rio2 Limited has acquired approximately 15.0% of Royal Road Minerals Limited's issued and outstanding shares, marking a significant investment and partnership opportunity for both companies [1][4]. Company Acquisition Details - Rio2 acquired 39,855,000 ordinary shares of Royal Road at a price of $0.115 per share, totaling an investment of $4,583,325 [4]. - The acquisition was part of a block trade on the TSX Venture Exchange, transferring shares from a single investor to Rio2 and other institutional investors [2]. Strategic Partnership Insights - Royal Road's President and CEO, Tim Coughlin, expressed enthusiasm about the partnership, highlighting Rio2's strong track record in developing gold projects and their alignment with Royal Road's growth ambitions [3]. - Alex Black, Executive Chairman of Rio2, emphasized the geological attractiveness of Royal Road's portfolio and the potential for future diversification and growth opportunities [3]. Investor Rights Agreement - An Investor Rights Agreement was established, allowing Rio2 to maintain its ownership percentage and participate in future equity financings, as long as it holds at least a 9.5% interest in Royal Road [3]. - Rio2 is entitled to designate one nominee for election to Royal Road's board of directors, contingent on maintaining its ownership stake [3]. Company Profiles - Royal Road Minerals is focused on mineral exploration and development, with operations in Saudi Arabia, Morocco, and Colombia, aiming to discover and develop large-scale copper and gold deposits [7][8]. - Rio2 Limited is dedicated to developing its Fenix Gold Project in Chile, emphasizing responsible mining practices and environmental standards [8].
Equity Award Grants and Payment Updates
Globenewswire· 2025-09-26 15:40
Core Points - Amaroq Ltd. has granted Restricted Share Units (RSUs) and incentive stock options to employees as part of its equity incentive plans [2][3] - The RSU award consists of 75,498 RSUs that will vest on the first anniversary of the grant [3] - The stock options are for a total of 23,255 common shares with an exercise price of CAD $1.29 per share, vesting three months from the grant date and expiring five years after the award [3] - Wavecrest Securities LLC acted as a finder for a direct private placement portion of the fundraising, receiving a cash commission of CAD $379,276 [4] Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland [6][7] - The company's principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of gold and strategic metal assets in the region [6][7]
Vanguard Mining Announces Filing of Amended Information Circular
Thenewswire· 2025-09-25 22:45
Core Viewpoint - Vanguard Mining Corp. has filed an amended management information circular to include additional disclosures regarding penalties and sanctions related to a proposed director, ensuring compliance with regulatory requirements [2][3]. Group 1: Company Disclosure - The amended circular includes the full text of sanctions against the proposed director, which is now available on the Company's profile on SEDAR+ [2]. - The Company confirms that it will proceed with its upcoming annual general meeting as scheduled, with no other changes to the previously filed information circular [3]. Group 2: Company Overview - Vanguard Mining Corp. is focused on mineral exploration and development, aiming to discover and advance high-value strategic mineral assets in stable, mining-friendly jurisdictions worldwide [4].
NioBay Appoints First Members of its Technical Advisory Committee
Globenewswire· 2025-09-25 12:30
Core Viewpoint - NioBay Metals Inc. has appointed the first members of its Technical Advisory Committee to enhance its development and credibility in the niobium market [1][2]. Group 1: Advisory Committee Members - Dawn Madahbee Leach serves as an Aboriginal Affairs Advisor with extensive experience in public sector program development and management [3]. - Jonathan Launière, an advisor for Aboriginal Affairs, has a background in geological engineering and experience in energy sector project management [4]. - Caroline Olsen, a metallurgist, brings nearly 30 years of experience in mineral processing and knowledge of critical minerals [5]. - Jean-David Moore, a strategic advisor, has over 20 years of experience in advising mineral exploration and development companies [6]. Group 2: Company Development and Strategy - The establishment of the Technical Advisory Committee is aimed at increasing the company's credibility with the market and potential partners [2]. - The committee will support the company in advancing its current and future projects, leveraging the expertise of its members [8]. - NioBay aims to prioritize environmental responsibility and the inclusion of Indigenous communities in its operations [10]. Group 3: About NioBay Metals Inc. - NioBay holds a 100% interest in the James Bay Niobium project located in Ontario and a 72.5% interest in the Crevier niobium and tantalum project in Quebec [10]. - The company focuses on developing low-carbon mines and responsible management practices [10]. - Niobium is recognized for its properties that enhance materials used in various sectors, contributing to efficiency and reduced environmental impact [11].
Sanatana Announces TSX-V Conditional Approval of Transaction to Acquire Gold Strike One Project (Yukon) and Abitibi Property (Quebec)
Newsfile· 2025-09-23 22:51
Core Viewpoint - Sanatana Resources Inc. has received conditional approval from the TSX Venture Exchange for the acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, marking a significant step in the company's growth strategy [1][2]. Group 1: Proposed Acquisition - The acquisition involves a non-arm's length "Reverse Takeover" as defined by TSX-V Policy 5.2 [1]. - The resulting entity will operate under the name "Gold Strike Resources Corp." with the ticker symbol "GSR" [2]. - The completion of the acquisition is subject to customary closing conditions, including shareholder approvals and final acceptance from TSX-V, with an expected closing date in September 2025 [9]. Group 2: Concurrent Financing - Sanatana has announced a non-brokered private placement of up to 8,800,000 units at a price of $0.60 per unit, aiming for gross proceeds of up to $5,280,000, with a potential over-allotment of 15% [3][4]. - A minimum of $4,300,000 in gross proceeds must be raised through this financing to meet TSX-V listing requirements for the acquisition [4]. Group 3: Regulatory Compliance - The company has filed a TSX-V filing statement dated September 23, 2025, providing detailed information about the acquisition and the target assets [6]. - Sanatana is seeking an exemption from the shareholder meeting requirement to expedite the approval process, which would allow for closing the acquisition on an accelerated basis [7][8].
Avidian Gold Corp. Files Early Warning Report in Respect of High Tide Resources Corp.
Globenewswire· 2025-09-23 21:00
Core Points - Avidian Gold Corp. has closed the first tranche of a share purchase agreement, selling 4,700,000 common shares of High Tide Resources Corp. at a price of $0.04 per share, with total gross proceeds of $280,000 [1] - The company plans to sell an additional 2,300,000 common shares of High Tide, with the closing expected around October 8, 2025 [1] - Following the sale of the first tranche shares, Avidian now owns 17,142,020 High Tide shares, representing approximately 19.88% of the issued and outstanding shares [4] Ownership Changes - Prior to the sale, Avidian owned 21,842,020 High Tide shares, which represented approximately 25.3% of the issued and outstanding shares [3] - The ownership percentage has decreased by 7.4% compared to the initial ownership and by 5.4% compared to the ownership immediately before the sale [5] Company Background - Avidian Gold Corp. focuses on advanced-stage gold exploration and holds a 100% interest in the Jungo gold-copper property in Nevada [7] - The company is also a significant shareholder in High Tide Resources, which is committed to developing mineral projects critical to infrastructure [8]
Northern Minerals gets expanded mining lease for Browns Range project
Yahoo Finance· 2025-09-19 09:14
Core Viewpoint - Northern Minerals has secured a new mining lease for its Browns Range project, significantly expanding its mining area and enhancing its development potential in the rare earths sector [1][2][3]. Group 1: Mining Lease Details - The new lease, M80/650, replaces the former lease M80/627 and expands the mining area from 4,923 hectares to 10,458 hectares [1]. - The lease is valid until 8 September 2046, with an option for an additional 21-year term [2]. Group 2: Project Significance - The Browns Range Project is rich in heavy rare earths, particularly dysprosium and terbium, which are essential for manufacturing permanent magnets used in electric vehicles, wind turbines, and defense applications [2][3]. - The flagship deposit, Wolverine, is recognized as the highest-grade source of dysprosium and terbium in Australia [3]. Group 3: Development Plans - Northern Minerals aims to enhance the project's development as outlined in its definitive feasibility study (DFS) released on 15 September 2025 [3]. - The feasibility study focuses on a commercial-scale operation to mine and process ore from Wolverine, with output intended for Iluka Resources' refinery currently under construction in Eneabba, WA [4].
Nevada Lithium Announces Significant Amounts of Critical Minerals Rubidium and Cesium Within its Bonnie Claire Lithium Project
Globenewswire· 2025-09-17 11:00
Core Insights - Nevada Lithium Resources Inc. has identified significant rubidium and cesium mineralization in its Bonnie Claire lithium project, which could enhance the project's economic viability and contribute to the U.S. supply of critical minerals [1][3][4] Company Developments - The CEO of Nevada Lithium, Stephen Rentschler, highlighted that the presence of rubidium and cesium aligns with the U.S. Department of the Interior's Draft 2025 Critical Minerals List, potentially increasing the revenue from boron by-products identified in the Preliminary Economic Assessment (PEA) [2][4] - Initial analysis of the Pregnant Leach Solution (PLS) indicates that rubidium and cesium are recoverable, and the company is exploring various recovery options [3][20] Project Details - The Bonnie Claire project has a mine life of 61 years and a processing rate of nearly 3 million tonnes of ore annually, suggesting a substantial contribution to the U.S. domestic supply of critical minerals [3][28] - The project consists of two mineral deposits: an Upper Zone with moderate-grade lithium and boron, and a Lower Zone characterized by high-grade lithium and boron [5][6] Mineralization Findings - Significant cesium and rubidium mineralization was confirmed in all drill holes from the 2023 and 2024 drilling programs, with notable grades including 248 ppm Cs over 318.5 ft and 313 ppm Rb over 298.5 ft [9][10] - A strong positive correlation was found between cesium, rubidium, lithium, and boron grades, indicating potential for enhanced recovery and economic returns [12][13] Economic Assessment - The recently released PEA indicates an after-tax net present value of $6.829 billion at an 8% discount rate, based on lithium and boron pricing [28] - The company aims to optimize the lithium flowsheet while investigating recovery options for rubidium and cesium to further enhance project economics [20][32]
New Age Metals Announces Farid Mammadov as Vice President of Investor Relations
Thenewswire· 2025-09-16 12:35
Core Insights - New Age Metals Inc. has entered into an Amended Investor Relations Employment Agreement with Farid Mammadov, extending his role for an additional 12 months and appointing him as Vice President of Investor Relations [1][2] - The company will pay Mr. Mammadov a monthly fee of $6,250, and he currently holds 250,000 stock options [2] Company Overview - New Age Metals is a junior mineral exploration and development company focused on critical green metal projects in North America, with three divisions: Platinum Group Element, Lithium/Rare Element, and Antimony-Gold [3] - The PGE Division includes the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects, and the Genesis PGE-Cu-Ni Project in Alaska [4] - The Lithium Division is exploring hard rock lithium and rare elements in the Winnipeg River Pegmatite Field, in partnership with Mineral Resources Ltd. [5] - The Antimony-Gold division spans over 19,800 hectares in Newfoundland, with recent approvals under the Junior Exploration Assistance Program [8] Recent Developments - A $1.5 million NSERC Alliance grant was awarded for research focused on advancing Canada's critical metals sector, with approximately $107,000 planned for New Age's properties in 2025 [6] - The company is also supporting a $180,000 Mitacs research grant, contributing $90,000 to a partnership with the University of New Brunswick and the University of British Columbia [7] - New Age Metals announced an investment in MetalQuest Mining, holding approximately 12.79% of the company, which is developing a significant iron ore project [9][10] Strategic Initiatives - The company is actively seeking new mineral acquisition opportunities internationally and aims to option projects with major and junior mining companies [11]
Western Star Resources Signs MOU with The Real American Corp to Advance U.S. Expansion Strategy
Thenewswire· 2025-09-16 12:00
Core Viewpoint - Western Star Resources Inc. has signed a Memorandum of Understanding (MOU) with The Real American Corp to enhance its presence in the U.S. mining sector, focusing on strategic minerals, particularly Tungsten [1][2][3]. Group 1: Partnership and Growth Strategy - The partnership with The Real American Corp is a significant milestone in Western Star's long-term growth strategy, aimed at building a substantial land bank of strategic mineral assets [2]. - This collaboration aligns Western Star with U.S. national priorities regarding critical minerals, which are essential for defense, clean energy, and high technology sectors [3]. Group 2: Local Expertise and Industry Engagement - Through the MOU, Western Star will leverage The Real American's local expertise to drive operational growth and create long-term value for shareholders [4]. - To strengthen its relationships in Nevada, Western Star plans to apply for membership in the Nevada Mining Association (NVMA), which will provide access to the state's mining supply chain and industry networks [5]. Group 3: Company Overview - Western Star Resources is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration practices and strategic partnerships [6]. - The company currently owns nine non-surveyed contiguous mineral claims totaling 4,797 hectares in British Columbia [6].