Mineral Exploration

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Leviathan Gold Announces Letter of Intent to Acquire 100% Interest in Kalahari Copper, and Uranium Exploration Portfolio, Botswana
Globenewswire· 2025-06-19 12:00
Leviathan Gold Partners with 1502656 B.C. LTD. for Strategic Investor Relations Campaign NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) is pleased to announce that it has entered into a non-binding letter of intent dated June ...
Greenridge Exploration Engages Airborne Electromagnetic Survey for the McKenzie Lake Uranium Project in Northern Saskatchewan
Globenewswire· 2025-06-19 12:00
VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce it has contracted Axiom Exploration Group Ltd. of Saskatoon, Saskatchewan, Canada (“Axiom”) to perform a helicopter-borne time-domain electromagnetic (“HTDEM”) survey on the McKenzie Lake Uranium Project (“McKenzie Lake”, or the “Project”). McKenzie Lake consists of five (5) mineral claims comprising a total area of 6,916 hect ...
Mustang Energy Corp. Receives Exploration Permit for the Spur Project, Saskatchewan
Globenewswire· 2025-06-19 00:51
Core Insights - Mustang Energy Corp. has received exploration permits from the Saskatchewan Government for the Spur Project, enabling ground-based exploration activities [1][2] - The permits include various authorizations such as Crown Land Work Authorization and Aquatic Habitat Protection Permit, valid until April 30, 2028 [2] - The Spur Project covers 23,680 hectares and is located south of the Athabasca Basin, an area known for high-grade uranium deposits [4] Exploration Activities - The permits allow for activities including trail construction, line-cutting, ground geophysical surveys, and diamond drilling [2] - The company emphasizes ongoing engagement with local communities to address concerns and ensure sustainable project implementation [3] Geological Context - The Spur Project's geological setting includes Proterozoic basement rocks and uraniferous pegmatites, indicating potential for uranium, thorium, and rare earth element exploration [4] - Adjacent properties have reported high-grade surface grab samples, with notable results such as 8.0% U₃O₈ and 1.93% U [4] Company Overview - Mustang Energy Corp. focuses on acquiring and developing uranium and critical mineral assets, holding a total of 92,211 hectares around the Athabasca Basin [7][9] - The company has multiple projects, including the Ford Lake project and the Yellowstone Project, expanding its footprint in the region [7][9]
GoldHaven arranges Non-Brokered Flow Through Private Placement
Globenewswire· 2025-06-18 15:48
Core Viewpoint - GoldHaven Resources Corp. is conducting a non-brokered private placement of up to 3,846,154 flow-through shares at a price of $0.13 per share, aiming for gross proceeds of up to $500,000 to fund exploration expenses on its British Columbian properties [1][3]. Group 1: Offering Details - The private placement will consist of flow-through shares, which are defined under the Income Tax Act (Canada) [1]. - All securities issued will be subject to a statutory hold period of four months and one day [2]. - The company may pay finder's fees in accordance with applicable securities laws and Canadian Securities Exchange policies [2]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated for Canadian exploration expenses classified as flow-through critical mineral mining expenditures [3]. - The funds will specifically support projects in British Columbia, including the Magno and Three Guardsman projects [3]. Group 3: Company Overview - GoldHaven Resources Corp. is focused on acquiring and exploring land packages in North and South America [4]. - Key projects include the Magno Project, the Three Guardsman Project, the Copeçal Gold Project in Brazil, and three critical mineral projects in Brazil totaling 123,900 hectares [4].
Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration
Globenewswire· 2025-06-18 11:00
MONTREAL, June 18, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce it has launched an aggressive regional-scale prospecting and mapping initiative on its sizeable Greenland portfolio that contains hundreds of untested targets using 4 crews and 2 helicopters for six weeks. Initially, one team will focus on detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas while the other wi ...
Abcourt Provides Update on Ongoing Financings
Globenewswire· 2025-06-18 11:00
Core Viewpoint - Abcourt Mines Inc. is initiating a non-brokered private placement of a secured convertible debenture to raise gross proceeds of $3,000,000, alongside a secured financing facility of $8 million and a non-brokered equity financing of $1,000,000, aimed at restarting the Sleeping Giant mine and mill [1][6][11][14]. Debenture Offering - The debenture will have an interest rate of SOFR plus 10% per annum and will mature in four years [2] - The principal amount can be converted into common shares at a price of $0.05 per share in the first year and $0.10 per share in subsequent years [2] - The debenture will be purchased by François Mestrallet, a director of the Corporation, constituting a related party transaction [3] - The Corporation will rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction does not exceed 25% of its market capitalization [4] Financing Facility - The Corporation plans to close a secured financing facility with Nebari Natural Resources Credit Fund II, LP for $8 million, with an interest rate of SOFR plus 12% and a term of 36 months [6] - The Corporation has the option to prepay the outstanding principal amount after 365 days, subject to a minimum prepayment of $1,000,000 [7] - The Lender will receive 87,040,000 warrants, each exercisable for one common share at an exercise price of $0.0625 for 36 months [8] Equity Financing - The Corporation intends to close a tranche of non-brokered equity financing for gross proceeds of $1,000,000, selling units at a price of $0.05 per unit [11] - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.08 for 36 months [12] - If the trading price of common shares exceeds $0.12 for 20 consecutive trading days, the Corporation may accelerate the expiry date of the unit warrants [13] Use of Proceeds - The net proceeds from the debenture offering, financing facility, and private placement will be used to restart the Sleeping Giant mine and mill, repay outstanding payables, and for general corporate purposes [14]
Hercules Metals Announces Voting Results From Annual General Meeting
Newsfile· 2025-06-17 21:00
Core Points - Hercules Metals Corp. held its Annual General Meeting of Shareholders, where all resolutions were approved with 34.59% of total shares outstanding voting [1] Election of Directors - The number of directors was fixed at four, and all nominees were re-elected to the Board of Directors [2] - Voting results for directors were as follows: - Chris Paul: 66,482,938 votes (99.726% for) - Peter Simeon: 66,436,938 votes (99.657% for) - Nick Tintor: 66,471,938 votes (99.709% for) - Kelly Malcolm: 64,738,900 votes (97.110% for) [3] Appointment of Auditors - MNP LLP was re-appointed as the auditor, with the authority to fix the auditor's remuneration [4] - Voting results for the appointment of auditors: - Votes cast for: 90,504,458 (99.971% for) [5] Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho [6] - The 100% owned Hercules Project hosts the newly discovered Leviathan porphyry copper system, a significant discovery in recent times [7] - The company aims for growth through continued drilling, supported by a strategic investment from Barrick Mining Corporation [7] - Management and the board aim to build on a proven track record in discovering and developing base and precious metals projects globally [8]
Almadex Commences Diamond Drilling at its Paradise Project, Nevada
Globenewswire· 2025-06-17 19:17
Core Insights - Almadex Minerals Ltd. has initiated diamond drilling operations at its Paradise Project in Nevada, focusing on both near-surface gold and deep porphyry potential, with plans for 3 to 4 drill holes [1] - The company has previously conducted extensive mapping and drilling, confirming the presence of porphyry veining in 2024, and has recently employed advanced techniques such as drone-based magnetics and ground IP surveys to further explore the lithocap alteration zone [1][2] - The Paradise property encompasses 1,547 hectares of hydrothermally altered volcanic rocks, indicating potential for high-sulphidation gold and porphyry-related mineralization [3] Company Overview - Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio across Canada, the U.S., and Mexico, resulting from years of prospecting and strategic deal-making [7] - The company possesses portable diamond drill rigs, allowing for cost-effective in-house exploration drilling [7] Technical Details - The drilling program is based on previous geological work, including mapping and geochemical analysis, which helps in identifying potential underlying porphyry systems [2][3] - The geophysical surveys conducted include IP lines surveyed by an experienced in-house team and a magnetics survey performed by a third-party contractor, utilizing advanced equipment for data collection [5]
GoldHaven Resources to Acquire Strategic High-Grade Tungsten Claims within its Magno Project in Northwestern British Columbia
Globenewswire· 2025-06-17 13:30
Company Overview - GoldHaven Resources Corp. has entered into an agreement to acquire the Kuhn, Dead Goat, and M3 claims in northwestern British Columbia, expanding its flagship Magno Project [1][7] - The claims cover a total of 1,100.6 acres and contain a historic resource estimate of 409,300 tonnes at 0.48% WO₃ and 0.134% MoS₂ in the Kuhn North zone [1][5] Acquisition Details - The acquisition involves a title transfer agreement with Fundamental Resources Corp., where GoldHaven will issue 1,250,000 common shares as consideration, subject to a 36-month escrow release schedule [7] - The transaction is expected to be completed around June 24, 2025 [7] Mineral Resource Insights - The total historical resource estimate across the Kuhn and Dead Goat properties is 616,500 tonnes, with significant grades of tungsten and molybdenum [5][6] - Historical drilling has confirmed the presence of high-grade scheelite and molybdenite, indicating a well-developed skarn-type mineralization system [6] Strategic Importance of Tungsten - Tungsten is recognized as a critical mineral due to its unique properties and essential role in defense systems, aerospace, and advanced manufacturing [2] - The global tungsten supply chain is currently facing geopolitical risks, particularly due to China's control over 80% of production and recent export controls that have disrupted supply [3] Future Plans - The company plans to conduct a detailed review of historical data and design follow-up exploration programs to confirm and expand known mineralization [10] - The acquisition is expected to strengthen GoldHaven's strategic land position and introduce additional potential for copper, zinc, and molybdenum [8]
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Globenewswire· 2025-06-17 13:00
Core Viewpoint - Buscando Resources Corp. is entering a new growth phase by expanding its portfolio in critical metals and natural hydrogen, aligning with long-term energy and security priorities in North America [3] Corporate Update - The company has acquired Element One, a 100%-owned subsidiary, to enhance research and acquisitions in natural hydrogen [4] - The Union Bay project in Alaska and the Star project in British Columbia cover over 4,800 hectares, targeting critical minerals like copper and nickel, as well as geologic hydrogen [5] - An early-season exploration program at the Foggy Mountain Project in British Columbia is underway, with results guiding future geochemical surveys and drilling campaigns [6] Strategic Positioning - Buscando's dual-focus strategy targets the global demand for critical minerals and the growing interest in clean hydrogen as an energy solution [7] - Collaborations with research institutions and government-supported programs aim to validate hydrogen-hosting systems on its properties [7] Upcoming Plans - An expanded exploration plan will incorporate results from recent airborne magnetic surveys and historic data [8] - Exploration projects on the Foggy Mountain and Star Projects are expected to commence in mid-July [8] - The company plans to release interpretations from the Foggy Mountain geophysical program and assess new hydrogen-accretive assets across North America [9] Private Placement Financing - The first tranche of a non-brokered private placement raised CAD$150,000 by issuing 750,000 units at CAD$0.20 each [10] - Each unit consists of one common share and one-half warrant, with full warrants exercisable at CAD$0.30 for 18 months [10] - Proceeds from the offering will be used for acquisition payments, exploration work on the Foggy Mountain Property, and general administrative expenses [12]