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 ...

Core Viewpoint - Nova Minerals Limited has commenced drilling at its Stibium prospect, targeting gold and antimony mineralization, marking a significant milestone in its exploration efforts [1][4][6]. Drilling Program - The 2025 drilling program includes a maiden 3,000m diamond drill program at the Stibium prospect, which is strategically located near the Whiskey Bravo camp and the Korbel gold deposit [6]. - The first drill hole aims to test a high-grade gold-antimony zone identified through extensive surface sampling [6]. - A second diamond drill rig and a reverse circulation (RC) rig are scheduled to begin drilling later in June [1][6]. Surface Sampling Results - Surface sampling has revealed a significant mineralized footprint of approximately 800 meters long and 400 meters wide, with notable results including: - 12 rock samples exceeding 30% antimony (Sb), with a maximum of 60.5% Sb - 10 soil samples exceeding 0.1% Sb, with a maximum of 2.8% Sb - 16 rock samples exceeding 5 g/t gold (Au), with a maximum of 141 g/t Au - 35 soil samples exceeding 1 g/t Au, with a maximum of 25.6 g/t Au [6]. Funding and Strategic Partnerships - The company is progressing its application for U.S. Department of Defense funding to expedite the transition from mining to refining of antimony [2][4]. - If successful, the funding will enable the addition of more diamond drill rigs and the development of a metallurgical processing hub at Port Mackenzie, Alaska [6]. - The company is also engaging with potential antimony off-take partners and plans to employ a leading antimony refining expert [6]. Company Overview - Nova Minerals Limited focuses on the exploration and development of gold, antimony, and critical minerals, particularly through its Estelle Project, which encompasses 514 km of mining claims in Alaska [14]. - The Estelle Project contains multiple mining complexes and is located in the Tintina Gold Belt, known for its significant gold and antimony deposits [14].

Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal financing, raising a total of $28,755,500 through the sale of various securities, including common shares and flow-through shares [2][4]. Financing Details - The underwriters exercised their option in full for gross proceeds of $3,750,500, contributing to the total gross proceeds of $28,755,500 [2]. - The financing includes: - 2,445,500 common shares at $4.60 per share, generating $11,249,300 [2]. - 1,128,000 charity flow-through shares at $6.65 per share, raising $7,501,200 [2]. - 1,740,000 flow-through shares at $5.75 per share, yielding $10,005,000 [2]. Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [4]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [6][7]. Participation and Additional Rights - Eric Sprott, through 2176423 Ontario Ltd., has expressed intent to participate in the financing [3]. - Hecla Canada Ltd. and Fury Gold Mines Ltd. have rights to acquire common shares at $4.60 per share to maintain their equity interest [9]. Company Overview - Dolly Varden Silver Corporation focuses on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [11]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [11].

Core Viewpoint - Dolly Varden Silver Corporation has announced the full exercise of underwriters' option in a bought-deal financing, resulting in total gross proceeds of $28,755,500 for the company [5][6]. Group 1: Financing Details - The financing includes the sale of 2,445,500 common shares at a price of $4.60 per share, generating gross proceeds of $11,249,300 [5]. - Additionally, 1,128,000 common shares will be issued as "flow-through shares" at a price of $6.65 per share, yielding gross proceeds of $7,501,200 [5]. - Furthermore, 1,740,000 common shares will be sold as "flow-through shares" at a price of $5.75 per share, resulting in gross proceeds of $10,005,000 [5]. Group 2: Use of Proceeds - The net proceeds from the sale of common shares will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the sale of Charity FT Shares and FT Shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Group 3: Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, subject to necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5][6]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under applicable Canadian securities laws [7]. Group 4: Participation and Advisory - Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction [3]. - Eventus Capital Corp. is serving as a special advisor to the company in connection with the offerings [8]. Group 5: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Project and the Homestake Ridge Project, located in British Columbia, Canada [11]. - The project is known for its high-grade silver and gold resources and is considered prospective for further precious metal deposits [11].

Canadian Critical Minerals Generates Record Revenues of USD$358,000 from Bull River Mine in May 2025June 10, 2025 10:57 AM EDT | Source: Canadian Critical Minerals Inc.Calgary, Alberta--(Newsfile Corp. - June 10, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report record revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During ...

Core Insights - Quantum Critical Metals Corp. is exploring a poly-metallic play at its NMX East project in Quebec, which includes gallium, rubidium, and cesium [1][2] - The company has discovered significant mineralization, including 107.69 meters of 38.85 gpt gallium, 701 gpt rubidium, 24.98 gpt cesium, and 3.61 gpt thallium from surface drilling [2] - Quantum is investigating the Bande du Lac des Montagnes rock formation, known for hosting platinum group elements, which could enhance the project's mineral potential [2][4] Project Developments - The NMX East project is strategically located near the NISK shear zone and is less than 100 meters from the Bande du Lac des Montagnes outcrop [4] - Power Metallic Mines Ltd. has expanded its project area by over 300% by acquiring 167 km² from Li-FT Power, which includes claims adjacent to Quantum's NMX East property [5] - CEO Marcy Kiesman highlighted that this adjacency to a rapidly expanding polymetallic district enhances the strategic value of the NMX East project [5] Future Plans - The company plans to conduct field reconnaissance to assess the presence of Bande du Lac des Montagnes outcrops on the NMX East property [7] - Quantum intends to collaborate with geophysics companies to explore the potential for PGE mineralization beneath the surface [7] Company Overview - Quantum Critical Metals Corp. focuses on advancing critical metals projects, including the NMX East Gallium-Rubidium-Cesium Project and several other projects in British Columbia [9] - The company is positioned to support the transition to a secure and sustainable critical minerals supply in the West [9]

Core Viewpoint - American Tungsten Corp. is advancing its exploration plans for the Ima Mine tungsten project in Idaho, with a focus on delineating multiple exploration targets and a newly published Technical Report [1][21]. Exploration Plans & Targets - The company is collaborating with qualified contractors to develop a summer 2025 exploration program, which includes rehabilitation of the mine's D level for underground drilling and bulk sampling [2]. - Historical mining and drilling data have identified several exploration targets, including the northeastern extensions of the No.5 and No.7 veins, the West Ima vein, and the Eastern Vein system [3][4]. - The exploration program aims to delineate the No.5 and No.7 veins, which have shown significant potential based on historical drill results [5]. Vein Systems - Limited mining occurred above the D-level before operations ceased in 1957, with the No.5 and No.7 veins showing promising grades from historical sampling [6][7]. - Conceptual exploration targets for the No.5 and No.7 veins suggest the presence of 2-3 parallel veins containing 300-400k tons of mineralized material with grades of 0.4-1.0% WO3 and 1-2 opt Ag [8]. - The Ima West vein has also shown significant tungsten-silver mineralization, with drillhole results indicating grades of up to 1.29% WO3 [9][11]. Eastern Vein System - An additional vein system northeast of the main Ima vein has been identified, supported by historical drilling and sampling, with significant mineralization reported [13][14]. - Conceptual targets in this area suggest the presence of 100-200k tons grading 0.5-1% WO3 and 0.5-1.5 opt Ag [14]. Main Ima Vein System - Significant tungsten mineralization has been intercepted in drillholes extending below the main vein system, with notable grades reported [15][16]. - Conceptual exploration targets indicate the potential for 200-400k tons grading 0.5-1% WO3 and 0.5-2 opt Ag in this area [16]. Molybdenum Mineralization - Drilling has successfully extended known molybdenum mineralization boundaries, with significant widths and grades reported, supporting a conceptual exploration target in the granitic stock [18]. Technical Report - The Technical Report on the Ima Mine has been published and is available on SEDAR+, prepared by A to Z Mining Professionals [21]. - The Ima Mine is a past producer of tungsten, with historical production of approximately 199,449 MTUs of WO3 from 1945 to 1957 [22]. Company Overview - American Tungsten Corp. is focused on the acquisition and exploration of mineral properties, including the Ima Mine Project and the Star Project in British Columbia [23].

VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce results from three of four holes drilled from February to April 2025 at the Pyros porphyry system, within the El Fierro Project in San Juan province, Argentina. The drilling campaign was funded by Moxico Resources plc ("Moxico") in accordance with the Letter Agreement signed between the Company and Moxico on February 27, 2025. Drilling Highlights FZ-D ...

MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; "BRW" or the "Company") is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, "Stacked Dyke" area, where BRW cont ...

Company Overview - Midnight Sun Mining Corp. has appointed Adrian Karolko as Vice President of Exploration, enhancing its technical team [1][3] - The company is focused on exploring its flagship Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [7] Key Appointments - Adrian Karolko brings over 18 years of mineral exploration experience across various commodities and jurisdictions, including a recent role in the Cangrejos gold-copper deposit project in Ecuador [2] - Al Fabbro, President & CEO, expressed enthusiasm for Karolko's return, highlighting his previous contributions to the Solwezi Project [3] - Robert Sibthorpe has stepped down as Vice President of Exploration and will serve as Chairman Emeritus, continuing to advise the technical team [4] Organizational Changes - Matt MacKenzie has been promoted from Vice President of Corporate Development to Executive Vice President, reflecting his senior role in the company [5] Stock Options - Midnight Sun has granted stock options to purchase 3,550,000 Common Shares at an exercise price of $0.60 per share, fully vested upon issuance and expiring in five years [6]