Minerals Exploration

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Grid Metals Corp. Receives Drill Permit for Falcon West Cesium Property
Accessnewswire· 2025-09-11 11:00
TORONTO, ON / ACCESS Newswire / September 11, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce that it has received an exploration drill permit from the Province of Manitoba for its 100% owned Falcon West Lithium/Cesium Property, located approximately 110 km east of Winnipeg, Manitoba. The Company plans to begin drilling at Falcon West in September. ...
Canterra Minerals Defines Multiple Large-Scale Drill Targets from Property-Wide 3D IP Survey at the Buchans Project and Begins Discovery-focused Phase 3 Drilling
Globenewswire· 2025-09-03 11:01
Core Insights - Canterra Minerals Corporation has identified multiple large-scale, high-priority anomalies at its Buchans Project in Central Newfoundland through a deep-penetrating 3D Induced Polarization survey, indicating potential for significant mineral discoveries [1][4][5] Survey Results - The 3D IP survey defined five primary large-scale anomalies with geophysical signatures comparable to known mineralized zones, suggesting the presence of significant sulphide accumulations [5] - The survey successfully imaged the subsurface to depths of up to 800 meters, surpassing the limits of most historical exploration efforts [5] Drilling Program - Canterra has initiated Phase 3 of its fully funded 10,000-meter drill program, with 6,000 meters currently underway targeting the highest-priority IP anomalies [2][9] - New drill targets include Sandfill Deep, Clementine South, West Clementine, and Nu Area, each characterized by significant geophysical anomalies [10] Historical Context - The historic Buchans Mine was one of the world's highest-grade VMS deposits, producing 16.2 million tonnes at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, and 126 g/t Ag [5] Project Overview - The Buchans Project spans 95 km² and includes both the past-producing Buchans Mine and the undeveloped Lundberg deposit, which is characterized by near-surface stockwork sulphide mineralization suitable for open-pit development [12]
Glenstar Minerals Inc. Announces Closing of Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-26 16:25
Core Points - Glenstar Minerals Inc. has successfully closed a private placement financing of $3 million, issuing a total of 5,122,235 units at a price of $0.68 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.85 until August 26, 2027 [2] - The company plans to use the net proceeds for drilling and exploration activities at the Green Monster and Wild Horse properties, as well as for general administrative expenses [5] Group 1 - The private placement was conducted through Hampton Securities Limited, which exercised an over-allotment option to purchase additional units, resulting in total gross proceeds of $3,483,119.80 [1][2] - Glenstar paid a cash commission of 7% to the agent and granted non-transferable warrants to purchase 358,556 common shares at $0.68 per share until August 26, 2027 [3] - The offering was made under relevant prospectus and registration exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4] Group 2 - The company intends to allocate funds for specific activities, including drilling at the Green Monster Property and trenching at the Wild Horse Property [5] - The offering is part of the company's strategy to enhance exploration and development activities in its properties [5]
Critical One Announces Upsized Non-Brokered Private Placement
Globenewswire· 2025-08-18 20:53
Core Viewpoint - Critical One Energy Inc. announces an upsize to its non-brokered private placement due to strong investor interest in its Howells Lake Antimony-Gold Project, aiming to raise approximately CDN$3,000,000 by issuing up to 5,000,000 units at CDN$0.60 per unit [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CDN$1.00 for 18 months [2]. - The offering is scheduled to close on or about August 26, 2025, subject to regulatory approvals, and will have a hold period of four months and one day for the issued securities [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony-Gold Project, including verification drilling, permitting, strengthening the balance sheet, pursuing corporate strategies, and general working purposes [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5].
Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool
GlobeNewswire News Room· 2025-08-06 11:30
Core Viewpoint - Forte Minerals Corp. is enhancing its capital markets capabilities through strategic partnerships and the launch of an AI-powered investor platform, aiming to improve investor engagement and transparency [1][8]. Group 1: Strategic Partnerships - Forte has engaged Mills Dunlop Capital Partners (MDCP) for strategic advisory services, leveraging their expertise in complex mining transactions and capital markets [2][9]. - The company appointed Kevin Guichon from Port Guichon Strategic Advisory as the Investor Relations and Capital Markets Specialist, who will oversee investor outreach and capital market strategies [4][5]. - Guichon will receive C$4,000 per month and 200,000 stock options at C$0.80 per share for five years, subject to regulatory approval [6]. Group 2: AI-Powered Investor Platform - Forte has launched an AI-powered investor engagement platform in partnership with Versance.ai, providing instant access to regulatory filings and investor insights [11][15]. - The platform allows investors to ask questions and receive reliable responses, compare filings, and access information 24/7 in multiple languages [15]. Group 3: Corporate Update - The company has granted a total of 1,450,000 stock options to directors, officers, and consultants, exercisable at C$0.80 per share, expiring in five years [12]. - Forte Minerals Corp. focuses on high-quality copper and gold assets in Peru, emphasizing responsible resource development for long-term shareholder value [13].
Rimfire Pacific Mining (RIM) Update / Briefing Transcript
2025-08-01 03:02
Rimfire Investor Briefing Webinar Summary Company Overview - **Company**: Rimfire - **Industry**: Critical minerals, specifically scandium - **Listing**: ASX listed resources company - **Location**: Lachlan origin and Broken Hill Districts, New South Wales, Australia Key Points and Arguments 1. **Capital Raise**: Rimfire recently announced a capital raise of $3,500,000 to fund exploration plans for its scandium projects in the Firefield District, which is recognized as Australia's scandium epicenter [2][4] 2. **Project Portfolio**: The company is focused on exploring and developing scandium deposits, with significant landholdings in Central New South Wales [4][33] 3. **High Scandium Grades**: Rimfire has identified high scandium grades in several prospects and aims to upgrade its scandium resource inventory by 2026 [5][6] 4. **Exploration Targets**: The company has three main exploration targets: - **Carajong**: Targeting a mineral resource estimate by September 2023 [6][27] - **Merga**: Aiming to convert the exploration target into a mineral resource estimate by Q1 2024 [7][27] - **Rabbit Trap**: A 100% owned project with potential for new scandium drill targets [29][31] 5. **Geological Advantage**: The Firefield area has a unique geological setting with ultramafic rocks that are conducive to scandium deposits, with over 74% of Australia's known scandium located in this region [17][18][20] 6. **Supply Constraints**: Scandium is currently supply constrained, with the US relying on imports from China and Russia, highlighting the strategic importance of developing a secure supply in Australia [14][16] 7. **Market Value**: The value of scandium is exceptionally high, with prices ranging from $134,000 to $500,000 per ton depending on processing methods [15] 8. **Collaboration with Other Companies**: Rimfire is one of four companies (including Rio Tinto, Sunrise Energy Metals, and Australian Mines) exploring the Firefield area, with some degree of collaboration among them [46][48] 9. **Government Support**: The New South Wales government is establishing a scandium working group to support the development of critical minerals in the Firefield area [49] Additional Important Content - **Joint Venture with Golden Plains Resources**: The arbitration with joint venture partner Golden Plains Resources has been resolved, allowing Rimfire to move forward with exploration programs [35][36] - **Potential for Gold and Silver**: Rimfire is also considering the economics of the suppressor deposit, which contains gold and silver, in light of rising gold prices [44][45] - **Future Plans**: The company is focused on building a globally significant scandium resource inventory and promoting the Central New South Wales area as a key source for scandium [34][51]
Mason Resources Highlights Performance and Value of Key Public Market Investments
Newsfile· 2025-07-25 11:30
Core Insights - Mason Resources Inc. reports strong performance from its key public market investments, including Nouveau Monde Graphite, Black Swan Graphene, NorthX Nickel, and Astra Exploration, indicating robust returns across public markets [1][2][3] Investment Performance Highlights - Nouveau Monde Graphite Inc. is experiencing significant growth following the U.S. Commerce Department's preliminary anti-dumping duties of 93.5% on anode-grade graphite from China, positively impacting share prices [5] - Black Swan Graphene Inc. launched graphene-enhanced masterbatches after a $6 million financing in February 2025, leading to positive market reactions [5] - NorthX Nickel Corp. successfully sold its Sudbury properties, which has de-risked the company and positively influenced its share price [5] - Astra Exploration Inc. announced favorable drilling results at its silver project in Argentina, contributing to its strong performance since Mason became a shareholder [5] Company Overview - Mason Resources Inc. is a Canadian corporation focused on investment opportunities, holding significant stakes in Black Swan Graphene, Nouveau Monde Graphite, Astra Exploration, and NorthX Nickel [14][15]
Pacific Booker Minerals Inc. Provides Update on the Presence of Critical Minerals
Newsfile· 2025-07-23 18:20
Core Insights - Pacific Booker Minerals Inc. has submitted core samples from the Morrison Project for analysis to confirm the presence of Critical Minerals, with results expected within a month [1] - There has been no work done to determine if the elements are present in a commercially recoverable form, and it is currently unclear if their presence adds significant value to the orebody [2] - No regulatory authority has approved or disapproved the information contained in the news release, and the statements made are considered forward-looking, which may not guarantee future performance [3]
Winshear Appoints Andrew MacRitchie to the Board of Directors
Globenewswire· 2025-07-15 12:00
Core Viewpoint - Winshear Gold Corp. has appointed Mr. Andrew MacRitchie to its Board of Directors, bringing extensive experience in the mining sector [1][2]. Company Overview - Winshear Gold Corp. is a Canadian-based minerals exploration company currently engaged in a regional exploration program at the Thunder Bay Gold Project in Northwest Ontario [3]. Leadership Experience - Mr. Andrew MacRitchie is a Chartered Professional Accountant with over 25 years of leadership experience in publicly listed exploration and mining companies [2]. - He has played a significant role in raising over $1.5 billion in capital for various organizations throughout his career [2]. - His previous experience includes working with PricewaterhouseCoopers and contributing to projects across multiple continents, including North America, South America, Africa, Europe, and Asia [2].
Winshear Closes Oversubscribed Private Placement
Globenewswire· 2025-06-24 11:30
Core Viewpoint - Winshear Gold Corp. has successfully closed a non-brokered private placement, raising approximately $758,000 through the issuance of 12,633,333 Units, which will be used for exploration and working capital [1][3]. Group 1: Private Placement Details - The Offering consisted of 12,633,333 Units, with gross proceeds of $757,999.98 [1]. - Each Unit includes one common share and one half of a Share purchase warrant, with each full Warrant allowing the purchase of one Share at $0.12 for 24 months [1]. - Finder fees of $25,680 cash and 339,000 Warrants were paid on certain subscriptions [2]. Group 2: Use of Proceeds - Proceeds from the Offering will fund exploration of the Thunder Bay Gold Project and general working capital [3]. - The acquisition of the Thunder Bay Gold Project is under review by the TSX Venture Exchange and is subject to final acceptance [3]. Group 3: Related Party Transactions - Certain directors and officers of Winshear purchased a total of 1,100,000 Units in the Offering, which may be considered a related party transaction [4].