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MetalQuest Mining Announces Non-Brokered Private Placement
Thenewswire· 2025-12-04 20:50
Core Points - MetalQuest Mining Inc. announced a non-brokered private placement financing of up to 8,333,333 flow-through units and up to 6,000,000 non-flow-through units, aiming to raise gross proceeds of up to $1,500,000 and $1,020,000 respectively [1][4] Group 1: Financing Details - The flow-through units (FT Units) will be priced at $0.18 each and consist of one common share and one-half of a share purchase warrant, with a total potential raise of $1,500,000 [1][2] - The non-flow-through units (NFT Units) will be priced at $0.17 each, consisting of one common share and one-half of a share purchase warrant, with a total potential raise of $1,020,000 [1][3] - Each whole warrant for both FT and NFT Units allows the holder to purchase an additional common share at an exercise price of $0.40 for two years from closing, subject to TSX Venture Exchange approval [2][3] Group 2: Use of Proceeds - Proceeds from the FT Unit private placement will be allocated to the Superior Iron Project and other flow-through eligible properties in Quebec and Canada [4] - Proceeds from the NFT Unit private placement will be used for working capital and exploration [4] Group 3: Insider Participation - Insiders and existing control persons of the Company will participate in the private placement, which constitutes a related party transaction under Multilateral Instrument 61-101 [5] - The Company intends to rely on exemptions from formal valuation and minority shareholder approval requirements, as the insider participation is not expected to exceed 25% of the Company's market capitalization [5]
Here's an Active ETF to Pursue Amid Critical Minerals Push
Etftrends· 2025-11-28 18:29
Core Insights - Countries are increasingly prioritizing critical minerals, positioning the Sprott Active Metals & Miners ETF (METL) as a significant investment opportunity due to its active management approach [1] - The ETF offers exposure to a broader range of mining companies, including those involved in uranium, gold, and silver, unlike other ETFs that may focus solely on U.S.-domiciled firms [2] Group 1: Market Trends - India and Canada have recently entered agreements to enhance supply chains for critical minerals, driven by rising electricity demand, which is projected to increase by 170% by 2050 [3] - The demand for metals such as silver and copper is becoming increasingly crucial as the world shifts towards greater electricity reliance, with artificial intelligence (AI) also contributing to this demand [3] Group 2: Geographic Focus and Management - METL has a strong geographic concentration, with over 60% of its assets allocated to Canadian equities, which is advantageous as more nations seek to reduce dependence on China for critical minerals [5] - The management team of METL is experienced, conducting over 200 management meetings and up to 30 site visits annually, providing them with valuable insights into the metals industry [6]
Canadian North Resources Inc. Reports Operational and Financial Results for the Third Quarter Ended September 30, 2025
Globenewswire· 2025-11-26 22:00
Core Insights - Canadian North Resources Inc. reported operational and financial results for Q3 2025, highlighting advancements in metal processing technologies for the Ferguson Lake project [2][3] - The company achieved high extraction rates of nickel, cobalt, copper, palladium, and gold through expanded bioleaching programs, indicating strong potential for low-cost and low-energy development [5][7] Financial Performance - For the quarter ended September 30, 2025, the company reported cash and cash equivalents of $27,949 and a net loss of $448,419, equating to $0.00 per share [7] Project Development - The Ferguson Lake project focuses on producing market-ready battery-grade nickel and cobalt compounds, copper, and PGE metals from a low-cost, low-carbon footprint mine [3][5] - The bioleaching process confirmed extraction rates of 99% nickel, 98% cobalt, and 90.6% copper at low temperatures of 52 - 65°C, with over 80% recovery of palladium and gold from residues [5][7] Community and Regulatory Engagement - The company has been actively communicating with investors and local communities to secure funding and permissions for exploration and environmental studies related to the Ferguson Lake project [3][6] - Engagement with governmental agencies and local communities has been ongoing to update and upgrade necessary permits and licenses [3][6] Technical Advancements - The unique mineralogy of the massive sulphides at Ferguson Lake allows for a self-sustaining bioleaching process, which can significantly simplify metallurgical processes and reduce energy consumption [5][7] - The company is expanding its bio-metallurgical programs to enhance the production of critical metals for clean energy and electric vehicle industries [6][9]
IMPACT Silver Intersects 15.14% ZnEq over 3.07m Including 24.69% ZnEq over 1.47m at the Plomosas Mine
Newsfile· 2025-11-20 18:26
Core Insights - IMPACT Silver Corp. announced high-grade drill results from the Juarez Zone at its Plomosas Mine, with significant intersections including 15.14% ZnEq over 3.07 meters and 24.69% ZnEq over 1.47 meters [1][2][5] Drilling Results - New drill intersections in the Juarez Zone include: - Hole UGMJ-2547: 4.49 meters at 15.14% ZnEq, with a notable interval of 2.15 meters at 24.69% ZnEq [2] - Other holes reported varying grades, with some intervals showing high concentrations of zinc, lead, and silver [2][3] Geological Context - The Juarez Zone is located stratigraphically below the Mina Vieja horizon and has separate access, indicating potential for further exploration [3][4] - Mineralization occurs in carbonate replacement zones across three bedrock units, suggesting a complex geological environment conducive to high-grade deposits [6] Company Strategy and Operations - The CEO expressed satisfaction with the new drill results, highlighting the potential for expanding mining operations into these newly identified areas [5] - The company is actively exploring other targets along a six-kilometer CRD trend, indicating a strategic focus on expanding its resource base [5] Company Overview - IMPACT Silver Corp. operates two mining projects in Mexico, with a focus on high-grade zinc production and exploration potential [7][10] - The Plomosas Mine has been identified as a historic high-grade zinc producer with significant exploration upside, having restarted operations in late 2023 [10]
Tartisan Nickel Corp. Engages Rodren Drilling Ltd. for Drill Program at the Kenbridge Nickel-Copper-Cobalt Deposit
Newsfile· 2025-11-20 12:50
Core Viewpoint - Tartisan Nickel Corp. has engaged Rodren Drilling Ltd. to conduct a drill program at its Kenbridge Nickel-Copper-Cobalt Deposit, aiming to advance the project towards an updated Mineral Resource Estimate and a Pre-Feasibility Study [1][2][3] Company Overview - Tartisan Nickel Corp. is a Canadian-based exploration and development company focused on critical metals, owning the Kenbridge Nickel Project, Night Danger Turtle Pond project, and Sill Lake Silver Property [4] Drill Program Details - The Phase 1 drill program will involve 3600 meters of diamond drilling across priority targets, focusing on converting Inferred resources into Measured and Indicated categories and exploring potential extensions of high-grade Ni-Cu mineralization at depth [2][8] - Mobilization to the Kenbridge site is scheduled for December 2025 [8] Contractor Engagement - The company has retained Rodren Drilling Ltd., a respected contractor with significant experience in Ontario's mining districts, marking an important milestone in advancing the Kenbridge project [3]
Abitibi Metals Intersects 17.91% CuEq (13.48% Cu, 5.15g/t Au) over 6.3m Within 6.93% CuEq over 19.5m in Western Zone Expansion
Newsfile· 2025-11-20 12:00
Core Insights - Abitibi Metals Corp. has reported a significant high-grade copper-gold intercept from its Phase 3 drill program at the B26 Polymetallic Deposit in Québec, confirming exceptional grade continuity and potential for substantial resource growth [3][4][12] Group 1: Drill Results - Hole 1274-17-269W5 returned 17.91% CuEq (13.48% Cu, 5.15 g/t Au) over 6.3 metres, within 6.93% CuEq over 19.5 metres, confirming a world-class grade continuity across an untested 80-metre gap [4][10] - The intercept equates to 23.83% CuEq over 6.3 metres using spot pricing, significantly enhancing the block model [4][8] - The results from hole 1274-25-373W2 extended mineralization 150 metres down plunge, further validating the continuity of mineralization at depth [4][12] Group 2: CEO and Exploration Insights - CEO Jonathon Deluce expressed confidence that a more massive, higher-grade source exists for the copper-gold stringer zone, indicating plans to target a 15 to 30-metre, 10%+ CuEq zone at depth [4][8] - Vice President of Exploration, Louis Gariépy, highlighted that the grades encountered are exceptional, with the interval valued at approximately C$3,500 per tonne, nearly ten times higher than nearby historic intercepts [8][16] Group 3: Future Plans and Resource Growth - The Phase 3 drilling program is fully funded, with 19,182 metres completed out of a planned 20,000 metres, and a Phase 4 program is scheduled for 2026 to support continued resource growth at B26 [8][9] - The current resource model includes 11.3 million tonnes at 2.13% CuEq (Indicated) and 7.2 million tonnes at 2.21% CuEq (Inferred), with expectations for positive contributions to resource expansion from recent results [9][29] Group 4: Project Overview - The B26 project is strategically located near the former Selbaie mine, providing access to necessary infrastructure for mine development [25][26] - Abitibi Metals Corp. focuses on acquiring and exploring high-quality base and precious metal assets in Québec, with the B26 project being a key asset in its portfolio [25][26]
Barksdale Resources Releases Spring 2025 Assays
Newsfile· 2025-11-17 22:00
Barksdale Resources Releases Spring 2025 AssaysProvides Updates on Phase ll Drilling and Company ActivitiesNovember 17, 2025 5:00 PM EST | Source: Barksdale Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") has released assays from the Company's Spring 2025 drill program with encouraging results and copper grades and provides an update on the Phase ll drill plan to br ...
American Tungsten Announces Updates on Its IMA Project and Investor Relations Efforts
Newsfile· 2025-11-12 12:00
Core Insights - American Tungsten Corp. is making significant progress on its IMA Mine rehabilitation efforts and will host a live investor webinar for updates [1][7] Operational Highlights - The company has expanded its Phase 1 drilling program to include approximately 10,000 feet of drilling across three stations on the D Level and two stations on the Zero Level, aimed at establishing geological continuity of the tungsten quartz vein system [2] - Excavation of the access crosscut to the diamond drill stations on D Level is approximately 54% complete, with about 100 feet excavated and 86 feet remaining [9] - The diamond drilling program is scheduled to commence at the end of November, with initial planning for Phase 2 extending into Q1 2026 [3][6] Investor Relations - A live webinar hosted by CEO Ali Haji is scheduled for November 18 at 10 AM ET, where he will provide a corporate update and discuss upcoming milestones [7] - The company has entered into a marketing agreement with Gold Standard Media, LLC for various marketing services, with a cash fee of $48,000 USD [10] Company Overview - American Tungsten Corp. focuses on high-potential tungsten and magnetite assets in North America, particularly advancing the IMA Mine Project in Idaho to address critical metal scarcity [11] - The IMA Mine Project is a historic underground tungsten property with significant infrastructure, and the company holds an exclusive option for full ownership [11]
Hercules Metals Intersects 273 m of 0.60% Copper, within 379 m of 0.50% Copper, Including 35 m of 1.01% Copper and 6.2 g/t Silver at the Leviathan Porphyry System
Newsfile· 2025-10-22 11:01
Core Insights - Hercules Metals Corp. reported significant drilling results from its 2025 campaign at the Leviathan porphyry copper discovery, indicating long intervals of continuous copper mineralization and notable silver presence [1][2][3] Drilling Results - Drill hole HER-25-05 intersected 273 meters of 0.60% copper, 77 ppm molybdenum, and 1.8 g/t silver, within a broader interval of 379 meters averaging 0.50% copper [3][4] - Drill hole HER-25-03 intersected 256 meters of 0.44% copper, 85 ppm molybdenum, and 0.9 g/t silver within 452 meters averaging 0.37% copper [3][4] - The mineralization begins at a true depth of just 110 meters below the surface in HER-25-05, indicating a shallower depth of significant mineralization [4][5] Exploration Model - A new 3D exploration model is driving positive results, allowing for systematic drilling and identification of high-grade mineralization [4][5] - The company is employing a fence-based drilling strategy to delineate the highest-grade mineralization across 200-meter spaced drill fences [8][5] Silver Potential - Recent increases in silver prices have renewed interest in the potential for the Leviathan project to be viewed as a larger-scale open-pit target, combining deeper porphyry mineralization with widespread low-grade silver in the cover rock [4][8][13] - Historical drilling data indicated extensive silver mineralization within the Hercules Rhyolite unit, which is now considered cover rock above the Leviathan porphyry [13][15] Future Catalysts - Assay results are pending for an additional seven completed drill holes, with ongoing drilling and sample shipments [4][5] - The company plans to evaluate the prospect of initiating a maiden mineral resource estimate by the end of the 2025 campaign after completing six drill fences [8][5] Company Overview - Hercules Metals Corp. is focused on developing the Leviathan porphyry copper system in Idaho, which is considered one of the most significant new discoveries in the region [26][27] - The company is well-positioned for growth, supported by strategic investments and a proven track record in precious metals projects [27][28]
Intrepid Metals Announces Upsize of Private Placement Financing to $6.7 Million
Newsfile· 2025-10-14 11:01
Core Points - Intrepid Metals Corp. has increased its private placement financing to $6.7 million due to strong investor demand, offering up to 19,142,858 units at a price of $0.35 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with full warrants allowing the purchase of additional shares at $0.50 for 24 months [1][2] - The net proceeds will be allocated for exploration expenditures, working capital, property payments, and facilitating a strategic partnership transaction [2] Company Overview - Intrepid Metals Corp. is focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, USA [5] - The company has several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, both located in Cochise County, Arizona [5] - Intrepid is traded on the TSX Venture Exchange under the symbol "INTR" and on the OTCQB Venture Market under "IMTCF" [5]