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Aya Gold & Silver Sponsors First Canadian-Moroccan Team of the 2026 Rallye Aïcha Des Gazelles
Globenewswire· 2025-10-30 15:30
Core Points - Aya Gold & Silver Inc. announces partnership with "Karibous du Sahara" crew for the 2026 Rallye Aïcha des Gazelles, emphasizing support for women's empowerment and cultural connections between Canada and Morocco [1][3][4] - The event will take place from April 1 to 11, 2026, marking the 35th anniversary of the rally, with Aya as the main sponsor alongside Mx2 Mining and Falcon Energy Materials [7] Company Overview - Aya Gold & Silver Inc. is a Canadian-based silver producer operating in Morocco, known for its high-grade Zgounder Silver Mine and exploration of properties along the Anti-Atlas [8] - The company employs over 1,700 individuals in Morocco, showcasing its commitment to social responsibility and integration into the local economy [4] Management and Strategy - The management team of Aya is focused on maximizing shareholder value through sustainable practices in operations, governance, and financial growth [9]
BULGOLD Commences Drilling on the Lutila Gold Project
Globenewswire· 2025-10-30 11:15
Core Insights - BULGOLD Inc. has initiated exploration diamond drilling at the Lutila Gold Project in Central Slovakia, which spans an area of 32.2 km² and is believed to be prospective for quartz-adularia, low-sulfidation epithermal gold mineralization [1] - The company plans to drill test the Horna Klapa target area with specific details provided for the planned drill hole [1] Company Overview - BULGOLD is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling 100% of three quartz-adularia epithermal gold projects in Slovakia and Bulgaria: Lutila, Kostilkovo, and Kutel Gold Projects [2] - Management believes that these assets have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [2] Shareholder Information - As of September 30, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by Founders, Directors, and Management [3]
StrikePoint Gold Announces Non-Brokered Private Placement LIFE Offering of up to $3 Million
Newsfile· 2025-10-29 23:09
Core Points - StrikePoint Gold Inc. has announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE Offering) for gross proceeds of up to CAD $3 million [1][6] - The offering will consist of up to 20,000,000 units priced at CAD $0.15 per unit, each unit comprising one common share and one warrant [2][3] - The company intends to use the net proceeds for exploration activities at its two Nevada-based projects, the Hercules Gold Project and the Cuprite Gold Project, as well as for general working capital [6] Offering Details - Each warrant is exercisable into one common share at an exercise price of CAD $0.30 for a period of 24 months from closing [2] - The LIFE Offering is available to purchasers residing in Canada, except Québec, and the securities will not be subject to a hold period under applicable Canadian securities laws [3] - The company may pay finders' fees and issue finders' warrants to eligible persons in connection with the LIFE Offering [5] Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction [7] - The participation of insiders will not exceed 25% of the fair market value of the company's market capitalization, allowing the company to rely on exemptions from formal valuation and minority shareholder approval requirements [7] Company Overview - StrikePoint Gold Inc. is focused on building precious metals resources in the Western United States and Canada, holding approximately 145 square kilometers of mineral claims [11] - The management team has extensive experience in exploration, finance, and engineering, with a history of successful transactions in the mining sector [12]
Lodestar Metals Closes First Tranche of Financing
Newsfile· 2025-10-24 22:48
Core Points - Lodestar Metals Corp. has closed the first tranche of its non-brokered private placement financing, issuing 14,982,068 units at a price of $0.075 per unit, resulting in gross proceeds of $1,123,655.10 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with the warrants allowing the purchase of additional shares at $0.12 for two years [2] - The proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada, as well as for working capital [4] Financial Details - The first tranche raised a total of $1,123,655.10 through the issuance of 14,982,068 units at $0.075 each [1] - A cash fee of $15,939.15 was paid to finders, along with the issuance of 212,522 Finder's Warrants, which are exercisable at $0.12 for two years [3] Project Focus - Lodestar Metals is focused on advancing the Goldrun Project in Nevada, which is strategically located on a major Carlin-style gold trend and near significant gold deposits [6] - The company's strategy emphasizes capital allocation towards high-value targets and rapid development of known mineralization to build a compliant gold resource [6]
Pelangio Exploration Completes Final Tranche of Private Placement for Aggregate Gross Proceeds of $4,500,000
Newsfile· 2025-10-22 22:52
Core Points - Pelangio Exploration Inc. has completed the final tranche of a non-brokered private placement, raising a total of $4,500,000 [2] - The first tranche raised $3,462,600 from 19,236,668 units at a price of $0.18 per unit, while the final tranche raised $1,037,399.76 from 5,763,332 units at the same price [2][3] Summary by Sections Private Placement Details - The final tranche consisted of units that included one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.31 until October 9, 2027 [3] - Finder's fees paid to securities dealers totaled $453,396.32 in cash, along with non-transferable finder's warrants for the purchase of 2,371,130 common shares at $0.18 per share until October 9, 2027 [4] Insider Participation - Certain insiders purchased 702,832 units in the final tranche, qualifying as a related party transaction, but the company was exempt from formal valuation and minority approval requirements [5] Company Overview - Pelangio Exploration focuses on acquiring and exploring gold properties in Ghana and Canada, with significant properties including the Manfo property and the Obuasi property adjacent to a major mine [7]
Precore Gold Closes Second Tranche of Private Placement
Globenewswire· 2025-10-22 16:53
VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) is pleased to announce that further to its news releases of August 21, September 9, September 18, 2025 and October 3, 2025, it has closed the second and final tranche (the “Second Tranche”) of its previously-announced non-brokered private placement (the “Private Placement”). The Second Tranche consisted of 2,081,662units of the Company (the “Units”) at a price of C$0.18 per Unit fo ...
Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Newsfile· 2025-10-21 12:43
Core Viewpoint - Metals Creek Resources Corp. is planning a non-brokered private placement to raise funds for exploration activities, with a target closing date of November 20, 2025 [1]. Group 1: Private Placement Details - The company intends to issue up to 12,500,000 flow-through units at a price of $0.04 per unit, aiming for total proceeds of up to $500,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a non-flow through common share purchase warrant, with the whole warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 24 months [2]. - Additionally, the company plans to issue up to 14,285,714 non-flow through units at a price of $0.035 per unit, also targeting total proceeds of up to $500,000 [3]. - Each non-flow through unit will consist of one non-flow through common share and one non-flow through common share purchase warrant, with the warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 60 months [3]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project, ensuring that these expenses qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [5]. Group 3: Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, listed on the TSX Venture Exchange under the symbol "MEK" [6]. - The company has a 50% interest in the Ogden Gold Property, which includes the past-producing Naybob Gold mine, located near Timmins, Ontario [7].
Signature Resources Announces Option Grant to the Board, Management and Advisors
Newsfile· 2025-10-17 22:21
Core Points - Signature Resources Ltd. has granted a total of 2,400,000 incentive stock options to its Board, Management, and Advisors, with an exercise price of $0.055 and a five-year expiration period [1][2] - The options vest 25% immediately and 25% annually until the third anniversary, and are the only form of compensation for non-executive directors [1] Company Overview - Signature Resources is a Canadian advanced stage exploration company focused on the Lingman Lake gold deposit in the Red Lake district of Northwestern Ontario [3] - The Lingman Lake property consists of approximately 24,821 hectares, including 1,274 single-cell and 13 multi-cell staked claims, and has a historical underground mine structure [3] - The initial mineral resource estimate includes an indicated 95,200 ounces of gold at an average grade of 1.38 g/t and an inferred 674,320 ounces at an average grade of 1.14 g/t, based on a cutoff grade of 0.30 g/t [3] - The company aims to expand the known mineralized envelope using its 100% owned diamond drilling rigs [3] - A new 115kV high tension transmission line was energized by Wataynikaneyap Power within 40 km of the historic Lingman Lake Mine in November 2023 [3]
First Nordic Provides Corporate Update
Newsfile· 2025-10-17 21:00
Core Points - First Nordic Metals Corp. is acquiring Mawson Finland Limited through a plan of arrangement and is providing bridge financing of up to $1,000,000 to Mawson for transaction-related costs and working capital [1][2] - The loan accrues interest at 8% per annum and is due on January 30, 2026, if the transaction does not close by then, with an expected closing in mid-December 2025 [2] - The company will issue C$1.0 million in common shares to Taj Singh as part of his retirement package, with shares priced at C$0.38 each, subject to TSXV approval [3] Company Overview - First Nordic Metals Corp. is a Canadian gold exploration company focused on consolidating assets in Sweden and Finland, aiming to establish a significant gold camp in Europe [4] - The flagship asset is the Barsele gold project in northern Sweden, in joint venture with Agnico Eagle Mines Limited, alongside additional projects totaling approximately 80,000 hectares [4] - The company also holds a district-scale position in northern Finland covering the Oijärvi greenstone belt, which includes the Kylmäkangas deposit, the largest known gold occurrence in that area [4]
Lancaster Resources Completes Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia - Milestone Achieved As Gold Hits $4,300 per ounce
Globenewswire· 2025-10-17 12:00
Core Insights - Lancaster Resources Inc. has completed and filed its maiden National Instrument 43-101 Technical Report for the Lake Cargelligo Gold Project in New South Wales, Australia, coinciding with a surge in gold prices to an all-time high of US$4,300 per ounce, indicating strong global demand for exploration assets in stable jurisdictions [1][2][3]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on advancing a portfolio of critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project, which spans over 62,300 hectares [8][10]. Technical Report Highlights - The independent NI 43-101 Technical Report, prepared by Geos Mining, emphasizes the strong geological potential of the Lake Cargelligo Gold Project and outlines a clear roadmap for future exploration [5][6]. - Historical drilling results indicate significant exploration potential, with channel intercepts reported up to 16 meters at 5.83 grams per tonne (g/t) gold and 7.20 g/t silver, and rock sampling showing up to 204 g/t gold and 273 g/t silver [9]. - The report identifies multiple mineralization opportunities, including large-scale shear-hosted gold mineralization and orogenic-style gold hosted by quartz veins [9]. Exploration Strategy - The company plans to advance its exploration program, which includes recommendations for a Phase I exploration program involving geophysics, geochemistry, and initial drilling [9].