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Intrepid Metals Announces 4-Month Hold Private Placement Financing
Newsfile· 2025-10-10 11:00
Core Points - Intrepid Metals Corp. announces a non-brokered private placement of up to 17,142,857 units at a price of $0.35 per unit, aiming for aggregate gross proceeds of $6 million [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]
Prospector Initiates Drilling on Devon Cu-Ni Project, Ontario
Newsfile· 2025-10-07 11:00
Core Insights - Prospector Metals Corp. has initiated its first drill program on the Devon Copper-Nickel Project in Northwestern Ontario, targeting high-priority areas identified through detailed 3D modeling and previous sampling results [1][2][13] - The project covers 15,347 hectares and is located 50 km southwest of Thunder Bay, Ontario, with road accessibility enhancing operational efficiency [4][11] Drilling Program Details - The diamond drill program will involve 1,000 meters of drilling across five targets at the Copper Hill Occurrence area, fully financed and expected to take approximately three weeks to complete [3][2] - The drilling targets were developed in-house and represent a low-cost, high-reward exploration opportunity, as these base metal targets have never been drilled before [2][4] Geological Context - The Devon Project area is characterized by numerous mafic-ultramafic intrusions, which are conducive to hosting disseminated to massive magmatic Ni-Cu sulfides with platinum group elements (PGEs) [4][13] - Recent surface sampling has confirmed the presence of mineralization, with assays showing up to 1.13% Cu, 0.53% Ni, and 3.54 g/t Pd+Pt, indicating potential for high tenor mineralization at depth [1][13] Analytical Methodology - The drilling will utilize NQ2 size core, with samples prepared and analyzed by AGAT Labs in Thunder Bay, following industry-standard QA/QC procedures [8][9] - Analytical methods include fire assay for precious metals and multi-element analysis for base metals, ensuring comprehensive evaluation of the mineralization [8][9]
Vortex Metals Closes Upsized Non-Brokered Private Placement
Newsfile· 2025-10-06 22:14
Core Viewpoint - Vortex Metals Inc. has successfully closed a non-brokered private placement, raising a total of $700,000 through the issuance of 17,500,000 units at a price of $0.04 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one additional share at a price of $0.08 for 36 months [2]. - The company can accelerate the expiry date of the warrants if the trading price of the shares exceeds $0.15 for 10 consecutive trading days [2]. - No finders' fees were paid in connection with the offering [2]. Group 2: Use of Proceeds - Approximately 40% of the gross proceeds will be allocated to mining concession fees, another 40% to exploration fees, and the remaining 20% for general working capital [3]. Group 3: Related Party Transactions - Certain directors purchased a total of 2,200,000 units as part of the offering, which is classified as a related party transaction [4]. - The participation of these directors is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [4]. Group 4: Securities and Regulatory Information - All securities issued are subject to a hold period expiring on February 7, 2026, and are not registered under the United States Securities Act of 1933 [5][6]. - The offering is still subject to final acceptance from the TSX Venture Exchange [5]. Group 5: Company Overview - Vortex Metals Inc. focuses on copper-gold exploration and development, holding interests in projects in Chile and Mexico [7]. - The company has an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns 100% interest in two drill-ready properties in Mexico [7].
Hayasa Announces Closing of $2M Private Placement LIFE Offering of Units
Newsfile· 2025-09-24 10:30
Core Points - Hayasa Metals Inc. has successfully closed a $2 million private placement, issuing a total of 11,165,282 units at a price of $0.17 per unit, resulting in gross proceeds of $1,898,098 [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.22 per share [2] - Teck Resources Limited has acquired 934,500 units to maintain a 9.9% ownership stake on a partially diluted basis [2] Use of Proceeds - The net proceeds from the private placement will be utilized for ongoing exploration at the Urasar project in Armenia, acquiring additional property, and general working capital [3] - The company plans to conduct a 2,000-meter drill program at Urasar in 2026 and is considering a pipeline of projects for acquisition [3] Management Commentary - Joel Sutherland, CEO of Hayasa, expressed satisfaction with Teck's continued support and optimism regarding the company's first mover advantage in Armenia [4] Regulatory and Financial Details - The units were issued under the listed issuer financing exemption, and the securities are not subject to resale restrictions for Canadian residents [4] - The company paid $48,420 in finders' fees, which is 5% of the proceeds raised, to various entities involved in the placement [6] - Two officers of the company participated in the private placement, purchasing 588,400 units for a total of $100,028 [7] Shareholder Changes - Dennis Moore acquired 294,200 units at $0.17 per unit, increasing his total ownership to approximately 11.56% of the company's outstanding shares on an undiluted basis, a decrease from 13.31% [10] - If all warrants and stock options are exercised, Moore's ownership could rise to approximately 13.09% on a partially diluted basis [11] Company Overview - Hayasa Metals Inc. is focused on advancing copper and gold projects in Armenia's Tethyan Mineral belt, controlling both the Urasar and Vardenis projects [14]
VanadiumCorp Resource Submitted Documents for Final Approval of Financing
Thenewswire· 2025-09-19 21:00
Core Viewpoint - VanadiumCorp Resource Inc. has submitted documents for final approval of a private placement financing, aiming to raise approximately $396,099.99 through the issuance of units priced at $0.11 each [1][3]. Financing Details - The company has issued a total of 3,600,909 units, with each unit comprising one common share and one common share purchase warrant, which can be exercised for an additional common share at an exercise price of $0.15 for two years [2]. - The financing is pending final approval from the Exchange, and the proceeds will be utilized for working capital and general corporate purposes [3]. Company Overview - VanadiumCorp is a Canadian critical metals exploration company that owns 100% of two strategic properties in Quebec: the Iron T and the flagship Lac Doré property [5]. - The company is focused on advancing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects, aiming for a stable, long-term supply of critical metal deposits [5]. - An initial electrolyte facility is being established in Val-des-Sources, Quebec, to evaluate output quality and facilitate initial electrolyte production, with plans to expand production for the international market, particularly for long-duration Vanadium Flow Batteries [5].
VanadiumCorp Resource Closes Second Tranche of Financing
Thenewswire· 2025-08-25 22:30
Core Viewpoint - VanadiumCorp Resource Inc. has successfully closed a second tranche of its private placement financing, raising a total of $166,100 through the issuance of 1,510,000 units at $0.11 each, with plans to complete the financing by September 12, 2025 [1][2]. Financing Details - The financing consists of up to 4,545,455 units, each unit comprising one common share and one common share purchase warrant, with the warrants exercisable at $0.15 for two years from the date of issue [2]. - The second tranche includes two insiders subscribing for 960,000 units, totaling $105,600, qualifying as a related party transaction under MI 61-101 [3]. - The company is relying on exemptions from formal valuation requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [3]. Regulatory and Use of Proceeds - The financing is subject to final Exchange approval, and all securities issued will be under a four-month hold from the date of issue [4]. - Proceeds from the financing will be allocated for working capital and general corporate purposes [4]. Company Overview - VanadiumCorp is a Canadian critical metals exploration company that owns 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property [6]. - The company is advancing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects, aiming for a stable, long-term supply of critical metal deposits [6]. - The initial electrolyte facility in Val-des-Sources, Quebec, will evaluate output quality and facilitate initial electrolyte production, with plans to expand production for the international market, particularly for long-duration Vanadium Flow Batteries [6].
Metalero Closes Oversubscribed Private Placement
Newsfile· 2025-08-25 20:05
Core Viewpoint - Metalero Mining Corp. has successfully completed a non-brokered private placement, raising gross proceeds of $919,501 through the issuance of 7,662,509 units at a price of $0.12 per unit, which will be used to advance exploration at its Benson Project and for general working capital [1][2]. Group 1: Offering Details - The Offering raised a total of $919,501 through the issuance of 7,662,509 units, with each unit priced at $0.12 [1]. - Each unit consists of one common share and one share purchase warrant, with warrants exercisable for two years at prices of $0.25 for the first year and $0.35 for the second year [1]. - Metalero paid $25,862 in cash and issued 215,520 finder's warrants to eligible finders for certain units sold [3]. Group 2: Insider Participation - Insiders of Metalero acquired a total of 2,019,583 units in the Offering, which is considered a related party transaction [4]. - The Company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the subscription does not exceed 25% of the market capitalization [4]. Group 3: Use of Proceeds - Proceeds from the Offering will be allocated to advance exploration at the Benson Project, including follow-up work based on recent soil sampling and geophysical surveys [2]. - Additional funds will be directed towards general working capital [2]. Group 4: Benson Project Overview - The Benson Project is located in central British Columbia and is accessible via Highway 26 and logging roads, facilitating capital-efficient exploration [6]. - The project covers five target areas identified through AI analysis, which revealed high potential anomalies similar to known porphyry deposits [6]. - Historical exploration has identified gold and copper surface geochemical anomalies, with previous drilling intersecting skarn and epithermal gold and silver mineralization [6]. Group 5: Company Background - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects in North America, with its flagship Benson Project covering 166 square kilometers [7]. - The company also has drill-ready properties in Nevada available for sale or option [7]. - Metalero is part of the Metals Group of Companies, emphasizing technical excellence and strong corporate governance [8].
Walker Lane Resources Ltd. Announces Closing of Private Placement
Globenewswire· 2025-07-24 08:01
Core Viewpoint - Walker Lane Resources Ltd. has successfully closed a non-brokered private placement, raising a total of $386,000 through the issuance of non-flow through and flow-through units [1][2]. Group 1: Private Placement Details - The company issued 2,508,335 non-flow through units (NFT Units) at a price of $0.12 each, generating gross proceeds of $301,000 [1]. - Additionally, 607,143 flow-through units (FT Units) were issued at a price of $0.14 each, raising gross proceeds of $85,000 [1]. - Each NFT Unit and FT Unit consists of one common share and one common share purchase warrant, with warrants exercisable for two years at $0.16 per common share [1]. Group 2: Insider Participation - An insider subscribed for a total of 1,178,571 units, including 750,000 NFT Units and 428,571 FT Units, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [2]. - The company utilized exemptions from valuation requirements and minority approval due to the insider's participation not exceeding 25% of the company's market capitalization [2]. Group 3: Use of Proceeds - Proceeds from the sale of FT Units will be allocated to Canadian exploration expenses and flow-through mining expenditures, particularly for exploration at the Amy and Silver Hart Properties in the Rancheria Silver District [3]. - The net proceeds from NFT Units will be used for properties in Nevada, including Tule Canyon, Cambridge, and Silver Mountain, as well as for general working capital [3]. - Both FT and NFT Units are subject to a four-month hold period [3]. Group 4: Company Overview - Walker Lane Resources Ltd. is focused on exploring high-grade gold, silver, and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. [4]. - The company plans to initiate exploration programs to advance the Tule Canyon and Amy projects to the resource definition stage through upcoming drilling campaigns [4][5].
Enduro Metals Commences 2025 Field Program at the Newmont Lake Project in the Golden Triangle of Northwest British Columbia
Newsfile· 2025-07-23 11:30
Core Viewpoint - Enduro Metals Corporation has initiated its 2025 exploration program at the Newmont Lake project, focusing on defining key targets and preparing for a potential drill campaign [1][3]. Project Overview - The Newmont Lake Project spans 688 km² and is one of the largest contiguous claim packages in British Columbia's Golden Triangle, strategically located near significant copper-gold development projects [4][17]. - The project has shifted focus from high-grade gold deposits to copper-gold porphyry exploration, highlighted by the discovery of the Burgundy Ridge porphyry system in 2021 [4][17]. Exploration Program Details - The 2025 phase 1 exploration program includes: - 2,120 line-kilometers of airborne magnetic surveying using a Heli-GT system at 100-meter line spacing [6][8]. - 20 kilometers of ground induced polarization (IP) surveying at the Andrei target [6][8]. - Extensive geological mapping, rock, and soil sampling [6][8]. - The exploration is particularly focused on the Andrei and Twin targets, with the aim of better defining these systems [3][8]. Target Specifics - The Andrei target is a low-elevation porphyry Cu-Au target with a 2.5 km trend of mineralization, showing peak results of 4.08% Cu and 57.83 g/t Au from recent sampling [11][12]. - The Twin target is a 7 km extension of the Bronson Trend, which is associated with other significant deposits in the area, and will involve airborne magnetic surveying and groundwork [13][15]. Historical Context - Historic exploration on the Newmont Lake property has primarily targeted high-grade gold deposits since the 1980s, with recent efforts focusing on porphyry systems [4][7]. - The current work program builds on legacy data and includes a newly acquired property-wide airborne hyperspectral survey to enhance exploration efforts [7][8].
Pampa Metals Closes Upsized $6m LIFE Offering
Thenewswire· 2025-07-15 11:30
Core Points - Pampa Metals Corp. has issued 38,250,000 shares at $0.16 per share, raising gross proceeds of $6,120,000 under the LIFE Offering [1][2] - The net proceeds will be used for exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the Piuquenes copper-gold discovery in Argentina, and general corporate purposes [2] - The acquisition of Rugby Resources Ltd. is expected to be completed shortly after the special meeting of Rugby shareholders on July 16, 2025 [3] Financial Details - The company paid aggregate finder's fees of $179,950 and issued 1,388,756 finder's warrants and 264,063 finder's shares in connection with the Private Placement [4] - Canaccord Genuity Corp. served as the financial advisor and will receive an advisory fee of $61,200, which is 1% of the total gross proceeds raised [4] Company Background - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [6] - The company has entered into an Option and Joint Venture Agreement for an 80% interest in the Piuquenes Copper-Gold Porphyry Project in Argentina and an agreement to acquire 100% of Rugby Resources Ltd., which will give it an 80% interest in the Cobrasco Project in Colombia [6]