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New Earth Resources Issues Shares under Option Agreement for Red Wine Rare Earth Project in Labrador
Globenewswire· 2025-11-29 00:00
Core Insights - New Earth Resources Corp. has issued 1,250,000 Class A common shares under an option agreement with Northex Capital Partners to acquire the Red Wine Rare Earth Project in Labrador, Canada [1][4] - The shares were issued at a price of $0.285, totaling an aggregate consideration of $356,250 [2] - The Red Wine Rare Earth Project consists of 2 non-contiguous mineral claims covering approximately 1,575 hectares [1][4] Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing both advanced and early-stage exploration projects [3] - The company's flagship project is the Lucky Boy Uranium Property in Arizona, which spans approximately 273 acres and has a history of uranium production [3] - In addition to the Lucky Boy project, the company has options to acquire interests in other claims, including the SL Project in Quebec, which is prospective for rare earth elements [4]
Grant of Stock Option
Thenewswire· 2025-11-28 21:50
November 28, 2025 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF) has granted a stock option in the amount of 366,666 to a consultant exercisable at $0.11 for three years.   For further information please contact: Edward (Ted) Ellwood, MBAPresident & CEO        1-519-964-2836 Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British Columbia and Ontario whose common shares are listed on the ...
Nio Strategic Metals Announces Flow-Through Shares Private Placement to Advance Oka Explorations
Newsfile· 2025-11-28 21:31
Core Points - Nio Strategic Metals Inc. has arranged a private placement of 6,000,000 flow-through common shares for gross proceeds of approximately $750,000 [1][4] - The private placement is subject to final acceptance by the TSX Venture Exchange and necessary regulatory approvals, with a four-month hold period from the issuance date [2] - The proceeds will be exclusively used for qualifying Canadian Exploration Expenditures related to exploration and mineral resource evaluation on the Oka and Fafnir properties in Quebec [4] Financial Details - The company issued 175,000 finder's warrants in connection with the private placement and will pay commissions of $26,250 [3] - Each finder's warrant allows the holder to acquire one additional common share at a price of $0.15 per share for 24 months from the issuance date [3] Company Overview - Nio Strategic Metals focuses on becoming a ferroniobium producer and holds niobium properties in Oka and near Mont-Laurier, Quebec [6]
Powermax Minerals Announces Closing of $3M Private Placement Offerings
Newsfile· 2025-11-28 21:15
Core Points - Powermax Minerals Inc. has completed two non-brokered private placement offerings, raising a total of $3,000,000 in gross proceeds [1][2]. Group 1: Non-FT Private Placement - The Non-FT Private Placement consisted of 1,643,947 units priced at $0.76 each, generating gross proceeds of $1,249,400 [1]. - Each Non-FT Unit includes one common share and one share purchase warrant, with the warrant allowing the purchase of one share at $0.95 for 36 months [1]. Group 2: FT Private Placement - The FT Private Placement involved 1,945,000 flow-through units priced at $0.90 each, resulting in gross proceeds of $1,750,500 [2]. - Each FT Unit consists of one flow-through share and one non-flow-through share purchase warrant, with the warrant allowing the purchase of one share at $1.10 for 24 months [2][3]. Group 3: Use of Proceeds - Proceeds from the Non-FT Units will be used for general working capital and exploration work on mineral projects in British Columbia and Ontario [5]. - Proceeds from the FT Units are designated for Canadian exploration expenses qualifying as flow-through mining expenditures [5]. Group 4: Finder's Fees - The company paid $164,994 in finder's fees and issued 195,600 finder's warrants, each exercisable into one share at $0.95 for 36 months [4]. Group 5: Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for mineral claims in British Columbia and Ontario [8].
Forge Resources Reports Remaining Assays Still Pending from Phase 2 of 2025 Drill Program
Newsfile· 2025-11-28 13:30
Forge Resources Reports Remaining Assays Still Pending from Phase 2 of 2025 Drill ProgramNovember 28, 2025 8:30 AM EST | Source: Forge Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - November 28, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company"), reports that remaining assay results from ALT-25-012 and 3 subsequent drill holes (ALT-25-013 to ALT-25-015) are still pending. The Company notes that heavy seasonal sample volumes have resulted ...
Global Energy Metals' Partner Metal Bank Ltd. Commences Fully Funded Drilling Program at the Millennium Copper Cobalt Graphite Gold Project, Australia
Thenewswire· 2025-11-28 13:00
Core Viewpoint - Global Energy Metals Corporation is advancing its Millennium Copper Cobalt Gold Graphite Project through a diamond drilling program funded by the Queensland Government, which aims to enhance the project's mineral resource estimates and economic viability [1][4][10]. Project Development - Metal Bank Ltd. has commenced diamond drilling at the Millennium Project as part of a AUD $250k Collaborative Exploration Initiative (CEI) program [1][4]. - The drilling targets high-grade near-surface extensions of previously announced graphite results and bulk metallurgical samples within the JORC2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12g/t gold [3][4]. - An application for an additional mining lease covering 159 hectares has been submitted to facilitate further exploration and operations for cobalt, copper, gold, and graphite resources [3][4]. Economic Impact - The granting of the new mining lease, which includes the Gap Zone, could positively impact the project's economics and the potential for moving towards production [4][10]. - Previous drilling results from the Gap Zone indicated strong mineralization continuity, with notable downhole results such as 23m at 0.48% copper, 0.16% cobalt, and 0.16g/t gold [6][10]. Strategic Positioning - Millennium is strategically located near other significant mining projects in Queensland, enhancing its potential for resource development [10][11]. - The project is positioned to benefit from the growing demand for graphite, particularly in the electric vehicle lithium-ion battery sector, where graphite is a key raw material [16][17]. Future Plans - The company plans to assess the graphite potential further through additional surface mapping, sampling, and metallurgical testing [17]. - Results from the current drilling program are expected in late January, and the company will keep stakeholders informed about the mining lease application progress [10].
Leviathan Metals Announces Closing of Amalgamation
Globenewswire· 2025-11-28 12:30
VANCOUVER, British Columbia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Leviathan Metals Corp. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) is pleased to announce closing of its previously announced transaction (the “Transaction”) with Cura Exploration Botswana Corp. (“Cura”). The Transaction was carried out by way of an amalgamation under the laws of the Province of British Columbia pursuant to the terms of an amalgamation agreement dated September 11, 2025 (as amended on October 31, 2025) be ...
Lara Exploration Announces Closing of the Atlantica License Acquisition
Newsfile· 2025-11-28 12:30
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2025) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that the purchase and sale agreement with Atlantica do Brasil Mineração Ltda. ("Atlantica") announced on October 14, 2025, has closed.The Company's wholly owned Brazilian subsidiary has now acquired an exploration license adjacent to Lara's Planalto Copper-Gold Project in the Carajás Mineral Province in northern Brazil. The 345-hectare license lies along strik ...
Trimera Metals Announces Effective Date of Name and Symbol Change
Newsfile· 2025-11-28 02:30
Core Points - The company has changed its name from "Trimera Metals Corp." to "United Critical Minerals Corp." and its ticker symbol from "TRM" to "UCM" [1][2] - Trading under the new name and symbol will commence on December 1, 2025 [2] - New CUSIP (91016A108) and ISIN (CA91016A1084) numbers have been assigned to the common shares, and no action is required from shareholders [3] - The CEO stated that the name change reflects the company's strategic shift towards critical metals in response to high demand in the United States [4] - The company is focused on the exploration and development of its Tahlo Lake property, which consists of four wholly owned mining claims totaling approximately 1,692 hectares [5]
Mustang Energy Advances Option with Skyharbour at the 914W Uranium Project and Announces Other Corporate Updates
Globenewswire· 2025-11-27 22:06
Group 1 - Mustang Energy Corp. has completed the second tranche of milestone payments to Skyharbour Resources Ltd. under the Option Agreement for the 914W Uranium Project, involving a cash payment of $20,000, issuance of 1,098,901 common shares at a deemed price of $0.091 per share, and $100,000 in exploration expenditures [1] - The annual general and special meeting held on November 14, 2025, resulted in the approval of several resolutions, including the election of three directors, the appointment of auditors, and the approval of a plan of arrangement involving Mustang and its subsidiary Allied Strategic Resource Corp. [2] - The British Columbia Supreme Court has rendered a final order approving the Arrangement, with closing subject to customary conditions and approval from the Canadian Securities Exchange for Allied's common shares [3] Group 2 - Mustang Energy is focused on the discovery and development of uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin, a leading uranium district [4]