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5.5 Million Shares Issued on Closing of Option for Saskatchewan Mineral Claims
Newsfile· 2025-07-04 10:00
Core Viewpoint - Live Energy Minerals Corp. has successfully closed an option agreement with a purchaser for mineral claims in Saskatchewan, which includes the issuance of common shares and a cash payment requirement [1][2]. Group 1: Option Agreement Details - The option agreement allows the purchaser to acquire a 100% undivided interest in two mineral claims totaling approximately 5,355 hectares in Saskatchewan [2]. - The purchaser issued 5,500,000 common shares as part of the consideration and is required to pay $50,000 in cash within three years of the agreement's effective date [2]. - The company has granted the purchaser the right to buy a 3% net smelter return royalty by issuing an additional 5,500,000 shares to a third-party royalty holder, subject to regulatory acceptance [3]. Group 2: Regulatory and Compliance Information - The consideration shares are subject to a statutory four-month hold period under Canadian Securities Laws, and no finder's fees were paid for this arm's length agreement [4]. - A copy of the option agreement has been filed under the company's profile on SEDAR+ [4]. Group 3: Company Overview - Live Energy Minerals Corp. is focused on exploring clean energy minerals in North and South America, holding interests in uranium, vanadium, and molybdenum projects in the USA [5]. - The company aims to create shareholder value through quality projects and proven exploration strategies [5].
Sulliden Acquires 48% of Nickel, Zinc, and Lead Mining Exploration Project in Poland
Globenewswire· 2025-06-26 21:30
Core Viewpoint - Sulliden Mining Capital Inc. has acquired a 48% interest in a nickel, zinc, and lead mining exploration project in Poland, enhancing its portfolio in the European mining sector [1][2]. Acquisition Details - The acquisition was made through the purchase of 48% of the issued and outstanding shares of Ferrite Resources Polska sp. z o.o. for 62,500 euro, with no finder fees paid and no change of control of Sulliden resulting from the transaction [2]. - The project consists of the Szklary and Dabrowka concessions, both of which are fully owned by the Target [2]. Project Overview - Szklary is a nickel laterite deposit located approximately 50 km south of Wroclaw, Poland, with historical production recorded as 3.5 million tonnes at 0.79% nickel, totaling 28,000 tonnes [3]. - The Szklary deposit has a JORC-compliant historical inferred mineral resource of 32.9 million tonnes at 0.70% nickel [3]. - Dabrowka is located 25 km north of Katowice and requires minimal primary development, with plans for additional drilling to complement historical exploration [4]. Exploration Plans - The company plans to drill an additional 30 holes at Szklary to confirm historical inferred mineral resources and 27 holes at Dabrowka to further explore the site [3][4]. - The project benefits from proximity to two smelters within 20 km and utilizes proven mining methods, including room and pillar mining and magnetic separation of ore [6]. Transaction Cancellation - A previously announced acquisition to indirectly acquire a 5.2% interest in the project has been terminated, with the company's interest in Sustainable Royalty Corp. returned to a former executive [10]. Company Background - Sulliden is focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects across various regions, including Europe [11].
SRQ Resources start drilling at Target 900, Lac Brulé property
Globenewswire· 2025-06-17 11:00
Core Viewpoint - SRQ Resources Inc. has commenced a 4,000-metre diamond drilling program at Target 900 on the Lac Brulé property, indicating significant exploration potential in the region [1][2]. Company Overview - SRQ Resources Inc. is a Canadian-based metals company focused on exploring nickel, copper, and platinum in Québec, owning 1,173 exploration claims covering 243 km² at Lac Brulé and 25 km² at Lac Brennan [14]. Drilling Program Details - The drilling program at Target 900 aims to explore a deep conductivity anomaly that begins approximately 500 metres below the surface and intensifies with depth, reaching the lower detection limit of 600 metres [8]. - The target is characterized by overlapping deep conductivity and gravity highs, which are indicative of a major mineralized system [2][4]. Geological Insights - Geological mapping at Lac Brulé reveals a complex intrusive body from the Late Grenville period, which hosts the mineralization discovered to date [4]. - The gravity anomalies at Target 900 show clear similarities to those at Lac Brennan, suggesting a larger mineralized footprint across the district [2][10]. Exploration Potential - The regional exploration model is gaining traction, with expectations of significant discoveries based on the geological and geophysical data [2]. - The deep EM conductor correlates with a high-amplitude gravity anomaly, indicating a strong subsurface target that could lead to substantial mineralization [9].
Montero Announces Effective Date of Share Consolidation
Globenewswire· 2025-04-30 22:15
Core Points - Montero Mining and Exploration Ltd. has received approval from the TSX Venture Exchange for a share consolidation at a ratio of six pre-Consolidation common shares for one post-Consolidation common share, effective May 5, 2025 [1][2] - Following the consolidation, the total number of common shares will decrease from 50,122,975 to 8,353,833 [1][2] - The consolidation will not require shareholder approval and was passed by the board of directors [1][2] Share Consolidation Details - The company's name and trading symbol will remain unchanged, with a new CUSIP number of 612648402 and ISIN number of CA6126484022 for the post-Consolidation shares [2] - No fractional common shares will be issued; fractions less than 0.5 will be rounded down, and those equal to or greater than 0.5 will be rounded up [2] - The exercise or conversion price of any convertible securities will be proportionately adjusted upon completion of the consolidation [2] Shareholder Instructions - Registered shareholders will receive a letter of transmittal from Odyssey Trust Company with instructions for exchanging their share certificates [3] - Non-registered shareholders do not need to take any action for the consolidation [3] - The letter of transmittal will also be available on the company's SEDAR+ profile [3] Company Background - Montero has settled a US$27 million dispute with Tanzania regarding the expropriation of the Wigu Hill rare earth element project [4] - The company also holds the Avispa copper-molybdenum project in northern Chile and plans to advance its exploration [4] - Montero's management team has a strong track record in discovering and developing precious metal and copper projects [4]
Windfall Geotek Announces Management Restructuration and How AI is Shaping the Future of Mining Digital Exploration
Thenewswire· 2025-04-17 12:30
Core Viewpoint - Windfall Geotek has undergone a management restructuring to enhance its leadership and strategic direction in the mining sector, leveraging its expertise in Artificial Intelligence for digital exploration [1][2]. Management Restructuring - The company appointed Michel Fontaine, Marcel Robillard, and Mario Drolet to its board of directors, with Fontaine taking on the role of Interim Chairman, President, and CEO [1][2]. - Daniel Belisle was nominated as the Chief Financial Officer effective March 1, 2025 [1][5]. - Resignations included David Beck from his roles as Chairman, President, and CEO, effective February 21, 2025, along with Dorian Nicol and Joseph Lafleur from their director positions [2]. New Board Members - **Michel Fontaine**: A private investor and entrepreneur with over 20 years in the financial and mining industries, he is the founder of Windfall and has previously served as its President and CEO [2]. - **Marcel Robillard**: An experienced geologist with over 25 years in the mining industry, currently the President and CEO of Puma Exploration Inc. [3]. - **Mario Drolet**: A finance professional with over 30 years of experience, he is the founder and president of MI3 Financial Communications Inc. and has worked with various mining companies [4]. AI and Exploration Strategy - Windfall Geotek has been utilizing AI since 2005 to develop proprietary systems for data analysis and mining exploration, combining public and private datasets [6][10]. - The company aims to validate its AI-generated targets and enhance exploration success rates while also focusing on landmine detection applications [10]. Performance and Success Rate - The AI system has shown a success rate of over 70% when clients actively pursued the targets identified by Windfall [8]. - The company has facilitated over 37 discoveries for clients, with notable successes including kimberlite discoveries in Brazil and the Noront discovery in the Ring of Fire [8][9].
Sulliden Acquires Portion of Nickel, Zinc, and Lead Mining Exploration Project in Poland
Globenewswire· 2025-04-07 11:30
Core Viewpoint - Sulliden Mining Capital Inc. has acquired a 5.2% interest in a nickel, zinc, and lead mining exploration project in Poland through the purchase of shares in Sustainable Royalty Corp, reinforcing its commitment to expanding its resource portfolio [1][2]. Acquisition Details - The acquisition involved Sulliden purchasing 10% of the issued shares of Sustainable Royalty Corp for C$100,000, with an additional commitment of 250,000 euros for project development [2]. - Mr. Stan Bharti, the vendor, retains a 63% interest in the Target company [2]. - The acquisition was conducted at arm's length and did not result in a change of control for Sulliden [2]. Project Overview - The project includes the Szklary and Dabrowka concessions, with Szklary being a nickel laterite deposit located approximately 50 km south of Wroclaw, Poland, and Dabrowka located 25 km north of Katowice [3][4]. - Szklary has a historical inferred mineral resource of 32.9 million tonnes at 0.70% nickel, while Dabrowka has an estimated in-situ JORC-compliant resource of 22.4 million tonnes at 2.8% zinc and 22.4 million tonnes at 0.7% lead [3][4]. Exploration Plans - The company plans to drill an additional 30 holes at Szklary to confirm historical resources and 27 holes at Dabrowka to complement previous exploration [3][4]. - Ongoing exploration is expected to investigate unexplored sulphide deposits at depth in Szklary [3]. Strategic Importance - The project benefits from proximity to two smelters located less than 20 km away, accessible via rail, and utilizes proven mining methods [5]. - The company aims to enhance its portfolio in key resource sectors through this strategic investment [7]. Stock Options - Sulliden has granted 3,175,000 stock options to directors, officers, and consultants, which may be exercised at a price of $0.05 per option for four years [8].