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Power Metallic Acquires 167KM² from Li-FT Power, Expanding Nisk - Lion Polymetallic Project Area by over 300%
Prnewswire· 2025-06-09 07:00
Core Viewpoint - Power Metallic Mines Inc. has executed a definitive agreement to acquire a 100% interest in 313 mineral claims totaling 167 km² from Li-FT Power Ltd, significantly expanding its land position and exploration potential in the Nisk Project Area [1][12]. Acquisition Details - The acquisition involves a cash payment of $700,000 and the issuance of 6,000,000 common shares, with specific hold periods for the shares [5]. - The acquisition will increase Power Metallic's land position by over 300% to approximately 212.86 km², securing significant strike lengths on both the northern and southern margins of the basin [1][12]. Exploration Potential - The Nisk-Lion-Tiger discoveries have established a new polymetallic district with considerable potential for additional deposits, which are globally rare but cluster at district and camp scales [2][3]. - The newly acquired land covers an additional 20 km of strike length along the northern margin and 30 km along the southern margin, identified as prospective through regional geophysics [3][4]. Drilling Program - Power Metallic has a fully funded 100,000-metre drill program planned through 2026, with initial drilling resuming in the Nisk-Lion-Tiger area [6][9]. - The company aims to systematically explore new sulphide occurrences while expanding established resources [9]. Strategic Insights - The consolidation of the Li-FT ground allows Power Metallic to apply geological insights across a district-scale footprint, enhancing the potential for discovering new deposits [9]. - The company is leveraging the expertise of its board and exploration team to maximize the value of the emerging polymetallic mineral district [9].
Panther Minerals Closes Debt Settlement
Thenewswire· 2025-06-07 00:30
Core Viewpoint - Panther Minerals Inc. has successfully completed a debt settlement agreement to address outstanding debts totaling CAD $14,785.71, enhancing its cash position for working capital purposes [1][2]. Group 1: Debt Settlement Details - The company issued 924,106 common shares at a deemed price of CAD $0.016 per share as part of the debt settlement [1]. - The shares issued are subject to a hold period of four months and one day, in accordance with National Instrument 45-105 – Prospectus Exemptions [1]. Group 2: Company Overview - Panther Minerals is engaged in mineral exploration, focusing on its North American project portfolio [3]. - The acquisition of the Boulder Creek option demonstrates the company's commitment to pursuing advanced and high-quality uranium projects that can be efficiently explored [3].
Integral Metals Announces Closing of Private Placement Offering
Globenewswire· 2025-06-06 22:07
Core Viewpoint - Integral Metals Corp. has successfully closed a non-brokered private placement offering of common shares, raising gross proceeds of US$400,000 at a price of US$0.70 per share [1][2]. Group 1: Private Placement Details - The private placement consists of common shares priced at US$0.70 each, resulting in total gross proceeds of US$400,000 [1]. - The net proceeds from the private placement will be allocated for expenditures on mineral exploration properties and general working capital [2]. - All securities issued under the private placement are subject to a hold period of four months and one day [2]. Group 2: Company Overview - 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 [4]. - The company holds properties in mining-friendly jurisdictions in Canada and the USA, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for its exploration efforts [4].
Pan American Energy Closes Debt Settlement Transactions
Globenewswire· 2025-06-06 21:57
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 06, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | FRA: SS60) (“Pan American” or the “Company”) announces, further to its news release of May 29, 2024, that it has issued, 205,841 common shares in the capital of the Company (the “Settlement Shares”), at a deemed value of $0.20 per Settlement Share, in full and final settlement of accrued and outstanding debt to certain c ...
Metalsource announces change of directors
Globenewswire· 2025-06-06 21:00
Company Overview - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets in Canada [2] - The company's objective is to locate and develop economic precious and base metal properties of merit [2] - The exploration program is focused on the Old Timer Property, located 17 km southeast of Nelson in the Nelson Mining Division of southern British Columbia [2] Recent Developments - James Rogers has resigned as a Director of Metalsource Mining Inc. [1] - The company expressed gratitude for Mr. Rogers' services on the Board and wished him well in future endeavors [1]
3 Stocks to Buy for Earnings Acceleration in June
ZACKS· 2025-06-06 20:00
Key Takeaways ORLA, SentinelOne and LRCX show strong earnings acceleration based on recent quarter-over-quarter growth. Analysts see acceleration as a key signal, often preceding stock price gains and revealing early momentum. ORLA projects 184% EPS growth, SentinelOne 280% and LRCX 33.8% for the current year. Top executives and analysts value consistent earnings growth for a company’s profitability. However, earnings acceleration has a greater impact on increasing stock prices. Studies suggest that succe ...
Nova Pacific Provides Drilling Update at Lara Project
Newsfile· 2025-06-06 12:30
Core Viewpoint - Nova Pacific Metals Corp. is advancing its Phase 1 exploration drill program at the Lara VMS Project, with a focus on confirming historical mineralization and exploring potential extensions [1][6]. Group 1: Drill Program Details - The Phase 1 drill program aims to complete approximately 8,500 metres of drilling across 39 holes, with 4,953 metres already completed in 21 NQ-sized diamond drillholes as of now [3][5]. - A second drill rig has been added to accelerate the drilling process, enhancing the efficiency of the program [2][5]. - Visible massive sulphide and sulphide vein mineralization have been identified in logged drill cores within altered felsic volcanics of the Sicker Group [3]. Group 2: Assay Results and Objectives - Seven drillholes have been sampled and sent to ALS Geochemistry for analysis, with four samples prioritized for rush assaying [4][5]. - The primary objectives of the Phase 1 program include confirming the presence and extent of historical mineralization and demonstrating the potential for expansion along the Coronation Trend [6]. Group 3: Stock Options and Community Engagement - The company has granted 650,000 incentive stock options to consultants and advisory board members, each exercisable at a price of $0.14 per share for up to five years [8]. - Nova Pacific emphasizes early engagement with First Nations communities to ensure that exploration activities are well-coordinated and supported, aiming for mutually beneficial partnerships [10]. Group 4: Company Overview - Nova Pacific is focused on the Lara VMS Project, which has a significant historical resource rich in critical and precious metals, located near excellent infrastructure [11]. - The company's strategy includes verification and exploration drilling, along with the completion of an updated mineral resource estimate [11].
Bunker Hill Announces Closing of $31 Million Combined Equity Financings and Debt Settlements Along with its Major Capital Restructuring
Globenewswire· 2025-06-05 20:51
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed a brokered private placement and a concurrent non-brokered private placement, raising approximately US$26.7 million in total, which will support the construction and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine project in Idaho [1][6]. Equity Offerings - The brokered private placement raised approximately US$6.2 million and included the settlement of approximately US$4.4 million in debt, totaling 40,726,231 units issued [1]. - The non-brokered private placement with Teck Resources Limited raised approximately US$20.5 million, resulting in the issuance of 252,215,751 units at a price of C$0.15 per unit [1][5]. - Teck acquired 195,294,655 units, while Sprott Streaming acquired 10,000,000 units through the brokered placement [1][5]. Capital Restructuring - The company completed capital restructuring transactions, including the conversion of certain outstanding debt into equity and modifications to existing royalty and stream financing arrangements with Sprott Streaming [2][12]. - The restructuring included a reduction of the outstanding principal amount under the Debt Facility from US$21 million to US$15 million and amendments to existing royalty interests [12][13]. Project Development - The construction of the Bunker Hill Mine project is currently 67% complete, with ore being stockpiled underground, and the company aims for a safe and sustainable restart of operations in the first half of 2026 [4]. - The net proceeds from the equity offerings will be utilized to support the construction, start-up, and ramp-up of the Bunker Hill Mine [6]. Shareholder Dynamics - Following the private placements, Teck now holds approximately 23.9% of the issued and outstanding common shares on a non-diluted basis and is considered a "Control Person" of the company [8][19]. - Sprott Streaming now owns approximately 29.6% of the issued and outstanding common shares, also qualifying as a "Control Person" [19]. Investor Rights Agreements - The company has entered into investor rights agreements with both Teck and Sprott Streaming, granting them rights to maintain their percentage interest in future financings and appoint a nominee to the board of directors [10][20]. Related Party Transactions - The transactions with Sprott Streaming and certain directors of the company are classified as related party transactions, with exemptions from formal valuation and minority shareholder approval requirements due to the company's financial hardship [22]. Articles of Incorporation - The company received approval from a majority of its stockholders to amend its articles of incorporation, increasing the total number of authorized shares from 1,510,000,000 to 2,510,000,000 [23]. Company Overview - Bunker Hill Mining Corp. is focused on revitalizing its historic mining asset in Idaho's Coeur d'Alene mining district, aiming to maximize shareholder value while responsibly harnessing the mineral wealth in the region [24].
Hi-View Clarifies Non-Brokered Private Placement
Globenewswire· 2025-06-05 17:10
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- HI-VIEW RESOURCES INC. (‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) Further to the Company's news release issued on May 28, 2025 announcing the non-brokered private placement, the Company further clarifies that the Company will rely on the exemption set out in Section 4.6(2)(b) of CSE Policy 4 - Corporate Governance, Security Holder Approvals and Miscellaneous Provisions (the "Policy") with respect to the requirement to obtain ...
MAX Power Announces Appointment of Ryan Cheung as CFO
Thenewswire· 2025-06-05 16:30
Company Announcement - MAX Power Mining Corp. has appointed Mr. Ryan Cheung as Chief Financial Officer effective May 20, 2025, bringing extensive experience in financial oversight to the company [1] - Mr. Byran Loree has resigned as Chief Financial Officer and Director, with appreciation expressed for his contributions since the company's inception in 2021 [3] Leadership Background - Mr. Cheung is a CPA, CA, and the founder of MCPA Services Inc., with a background in auditing junior mining and resource companies, and has been an active member of the Institute of Chartered Professional Accountants of British Columbia since January 2008 [2] Company Focus - MAX Power is focused on mineral exploration, particularly in the context of North America's shift to decarbonization, and is a first mover in the Natural Hydrogen sector [4] - The company has strategic alliances with Chapman Hydrogen & Petroleum Engineering Ltd. and Larin Engineering HHC, and holds properties in the U.S. and Canada, including a notable discovery at the Willcox Playa Lithium Project in Arizona [4]