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Vortex Energy Announces Plans to Complete an Ambient Noise Tomography Survey at the Robinsons River Salt Project
Globenewswire· 2025-06-12 12:00
Vortex Energy Plans Geophysical Survey at Robinsons River Salt Project to Assess Hydrogen Storage PotentialVANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex” or the “Company”) is pleased to announce plans for a detailed geophysical survey at its flagship Robinsons River Salt Project (the “Project”) in Newfoundland. This marks the start of summer exploration activities that are focused on evaluating the project’s suitability for la ...
Integral Metals Announces Completion of High-Resolution Soil Sampling Program at the KAP Project
Globenewswire· 2025-06-12 12:00
Core Viewpoint - Integral Metals Corp. has successfully completed its Phase 2 high-resolution soil sampling program at the KAP Project, enhancing drill targeting for its 2025 exploration campaign [1][3]. Group 1: Exploration Program Details - The Phase 2 soil sampling program involved a 30-meter by 30-meter grid across the Main Zone, with samples collected from 2,021 unique sites, totaling 2,163 samples prepared for laboratory submission [2]. - Quality control measures included the insertion of certified reference materials at a ratio of 1 in 20 and field duplicates at a rate of 1 in 50 [2]. - The sampling grid was designed to systematically test the area surrounding the Main Zone, integrating results from previous fieldwork and known gravity anomalies [3]. Group 2: Company Objectives and Future Plans - The KAP Project is prospective for MVT-style lead-zinc mineralization enriched with gallium and germanium, which remains a core priority for the company in 2025 [3]. - The completion of the high-resolution program is considered a key milestone for the company's exploration season, expected to significantly improve geochemical targeting and drill planning [3]. Group 3: Company Background - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to the development of a domestic supply chain for these minerals [7]. - The company holds properties in mining-friendly jurisdictions in Canada and the United States, including the Northwest Territories, Manitoba, and Montana [7].
Lancaster Resources Inc. Expands Exploration in Quebec’s James Bay with Lac Iris Polymetallic Project Acquisition
Globenewswire· 2025-06-12 12:00
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF) (“Lancaster”), is pleased to announce the acquisition of a 100% interest in the Lac Iris Polymetallic Project in the James Bay region of Quebec. The Property lies just 5 km south of the significant Nisk and Lion discoveries by Power Metallic Inc. and adjacent to the Li-FT Power Ltd. Rupert Lithium Project. The Lac Iris acquisition expands Lancaster’s land position in the James Bay reg ...
Canstar Executes LOI with Khosla-Backed TerraAI, Supporting $11.5M Critical Metals Exploration JV
Globenewswire· 2025-06-12 11:00
Partnership unites AI technology, Silicon Valley venture backing, and Canstar’s high-grade VMS district holdings to accelerate exploration for critical metals in NewfoundlandTORNTO, June 12, 2025 (GLOBE NEWSWIRE) -- Canstar Resources Inc. (TSXV: ROX) (OTCPK: CSRNF) (“Canstar or the “Company”) has executed a letter of intent (“LOI”) for a strategic exploration partnership with TerraAI, an artificial intelligence company backed by Khosla Ventures, to deploy AI in support of Canstar’s $11.5 million exploration ...
Churchill Reports Very High-Grade Results of 35.1% and 29.7% Antimony and 14.4 g/t Gold at the Black Raven Past-Producers, Central Newfoundland
Globenewswire· 2025-06-12 11:00
Core Insights - Churchill Resources Inc. announced high-grade assay results from due-diligence sampling at the Frost Cove Antimony mine and Stewart Gold mine, with antimony grades of 35.1% and 29.7%, and gold grades of 14.4 g/t, exceeding laboratory detection limits [1][3] - The Frost Cove antimony veins have been traced over 800 meters on the surface, with historical samples indicating significant antimony concentrations, positioning it among the highest-grade antimony projects globally [3] - The company is initiating a summer surface exploration program to further investigate the Frost Cove and Stewart mines, including trenching, channel sampling, and systematic mapping [3] Company Overview - Churchill Resources focuses on strategic critical minerals in Canada, particularly at its Black Raven property, which includes the Frost Cove Antimony Mine and Stewart Gold-Antimony Mine [15] - The Black Raven Property consists of nine map-staked licenses covering 3,125 hectares, with a 4 km area of interest agreed upon with vendors [9] - The company has the potential for year-round exploration in a favorable jurisdiction, which could lead to rapid project development [3] Industry Context - Antimony is classified as a critical mineral, essential for national security and modern technology, with over 90% of global production controlled by China, Russia, and other non-Western jurisdictions [5] - Recent Chinese export restrictions have driven antimony prices to record levels exceeding $50,000 per tonne, highlighting its strategic importance for North American supply chains [5] - The demand for antimony is increasing due to its applications in military, flame retardants, and emerging energy storage technologies [5]
GT Resources - Copper - Palladium - Platinum ("PGE") Project Updates
Newsfile· 2025-06-12 10:30
Core Viewpoint - GT Resources Inc. is advancing its North Rock Project in Ontario, Canada, and the Läntinen Koillismaa (LK) Project in Finland, both of which focus on copper, palladium, and platinum resources, highlighting their potential to supply critical minerals to the European Union [1][3]. North Rock Project - The North Rock Project is located in Northwest Ontario and features excellent infrastructure, including a paved highway and railroad [4]. - The mineralization consists of copper-rich magmatic sulphide along a 13-kilometer basal contact of mafic and ultramafic volcanic rocks, with two main styles of mineralization: gabbro hosted and massive copper-palladium-rich footwall veins [4]. - The 2024 exploration program identified geophysical conductors adjacent to historic high-grade footwall vein intercepts, with notable results including up to 14.6 g/t Palladium, 0.5 g/t Platinum, 0.3 g/t Gold, and 2.3% Copper over 0.6 meters [5]. - Indicated resources include 1.1 million ounces of total precious metals (TMP) at 0.89 g/t, 111 million pounds of Copper at 0.13%, and 92 million pounds of Nickel at 0.11%, contained in 38.2 million tonnes [5]. - Inferred resources are estimated at 1.1 million ounces of TMP at 0.68 g/t, 173 million pounds of Copper at 0.16%, and 152 million pounds of Nickel at 0.14%, contained in 49.7 million tonnes [5]. LK Project - The LK Project in Finland is the company's most advanced project, featuring a substantial palladium-platinum-copper rich open pit resource, positioning it as a critical mineral source for the European Union [3][12]. - The project has a significant NI 43-101 compliant open pit resource and is strategically located to supply critical minerals, with Europe heavily reliant on imports [12]. - The Haukiaho Trend, a 17-kilometer long area, presents near-term expansion potential, with historic drilling indicating significant platinum and palladium grades [13]. - The mineral resource estimate includes indicated resources of 1.50 million tonnes at 0.61 g/t Palladium, 0.22 g/t Platinum, and 0.07 g/t Gold, and inferred resources of 1.26 million tonnes at 0.43 g/t Palladium, 0.17 g/t Platinum, and 0.09 g/t Gold [16].
Results of Fundraising
Globenewswire· 2025-06-12 06:00
Reykjavík, June 12, 2025 (GLOBE NEWSWIRE) -- THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICES SECTION WITHIN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART O ...
Western Star Resources Inc. Closes First Tranche of Private Placement
Globenewswire· 2025-06-11 22:11
VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Western Star Resources Inc. (CSE: WSR) (“Western Star” or the “Company”) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of CAD$394,400. The Company issued 2,629,333 million units of the Company, at a purchase price of $0.15 per unit. Each unit is comprised of one common share in the capital of Western Star and one share purchase warrant, which is exe ...
Collective Metals Announces Private Placement Financing
Globenewswire· 2025-06-11 20:30
VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) announces that it intends to complete a non-brokered private placement financing (the “Offering”) of up to 4,180,000 units of the Company (each, a “Unit”) at a price of $0.06 per Unit, for aggregate gross proceeds of up to $250,800.00. Each Unit shall consist of one (1) common share of the Company (each a “Share”) and one (1) Share purchase warrant (each a ...
Montero Announces Shareholder Approval of Return of Capital and Key Distribution Dates
Globenewswire· 2025-06-11 17:39
TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) is pleased to announce that its shareholders (the “Shareholders”) have approved the previously announced return of capital to Shareholders. This will be done through a cash distribution totalling C$15,036,892.50, paid out pro rata to Shareholders by reducing the Company’s stated capital (the “Distribution”). Each Shareholder will receive C$1.80 per common share of the Compa ...