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Supreme Critical Metals Announces Private Placements of up to $2,000,000
Newsfile· 2025-11-26 12:00
Core Viewpoint - Supreme Critical Metals Inc. is initiating two non-brokered private placement financings to raise capital for exploration and corporate purposes, with a total potential gross proceeds of up to $2,000,000 [1][5]. Group 1: Financing Details - The company will offer up to 6,666,666 hard dollar units at a price of $0.15 per unit, aiming for aggregate gross proceeds of up to $1,000,000 [2]. - Each hard dollar unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.021 for two years [3]. - Additionally, the company is offering up to 4,651,162 flow-through units at a price of $0.215 per unit, also targeting proceeds of up to $1,000,000 [4]. Group 2: Use of Proceeds - Proceeds from the offerings will be allocated for exploration on the company's properties and for general corporate purposes [5]. Group 3: Company Overview - Supreme Critical Metals Inc. is a publicly traded exploration company focused on high-potential silver, copper, uranium, and gold properties across North America, employing a disciplined acquisition strategy [7].
South Pacific Metals Announces Marketed Equity Offering up to C$8 Million
Globenewswire· 2025-11-25 21:20
Core Points - South Pacific Metals Corp has entered into an agreement to raise up to C$8 million through a private placement of units, each consisting of one common share and one-half of a common share purchase warrant at an indicative price of C$0.54 per unit [1][2] - Each warrant allows the holder to acquire one common share at C$0.90 for 24 months following the closing date [2] - The net proceeds from the offering will be used to expand exploration activities and for general corporate purposes [3] Regulatory and Offering Details - The units are being offered to purchasers in all provinces of Canada, except Quebec, under the "listed issuer financing exemption" from the prospectus requirement [4] - The offering is expected to close on or about December 8, 2025, subject to regulatory approvals [5] Company Overview - South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects [7] - The company's projects are strategically located near major producers, with potential for significant mineralization [8] - Common shares of South Pacific Metals are listed on the TSX Venture Exchange and Frankfurt Stock Exchange [9]
POWER METALLIC ANNOUNCES AGSM MEETING RESULTS & UPDATE ON NYSE PROCESS
Prnewswire· 2025-11-25 08:03
Core Points - Power Metallic Mines Inc. held its Annual General and Special Meeting (AGSM) on November 20, 2025, where shareholders voted in favor of all proposed business items, including the election of directors and the approval of the Omnibus Equity Incentive Plan [1][2]. Group 1: AGSM Results - All items presented at the AGSM received shareholder approval, including the election of directors Terry Lynch, Peter Kent, Les Mallard, Greg McKenzie, Steve Beresford, and Seamus O'Regan [1]. - The meeting saw just over 31% of the Company's issued and outstanding common shares voted [1]. Group 2: Omnibus Equity Incentive Plan - The Omnibus Equity Incentive Plan replaces the previous stock option plan, allowing the Company to grant various forms of equity compensation, including Restricted Share Units, Deferred Share Units, and Performance Share Units [2]. - This new plan complies with TSX Venture Exchange Policy 4.4 regarding Securities Based Compensation [2]. Group 3: Company Developments - Power Metallic is advancing its application for a listing on the New York Stock Exchange (NYSE), pending regulatory approval, with an update expected in early January following the Q3 financial review [4]. - The Company controls approximately 212.86 km² of land in the Nisk Project Area after acquiring additional claims, focusing on high-grade Copper-PGE, Nickel, gold, and silver systems [5][6]. - Power Metallic also owns 100% of Power Metallic Arabia, which holds a significant exploration license in Saudi Arabia, recognized for its high prospectivity for copper, gold, and zinc mineralization [7].
Metal Energy Announces Right of First Refusal Agreement on Remaining 20% Interest in NIV
Newsfile· 2025-11-19 12:00
Core Viewpoint - Metal Energy Corp. has entered into a right of first refusal agreement for the remaining 20% interest in the NIV and West NIV properties, enhancing its long-term ownership strategy in a promising copper-gold porphyry target in British Columbia [2][3]. Group 1: Right of First Refusal Agreement - The ROFR Agreement allows Metal Energy to purchase the remaining 20% interest on the same terms as any third-party offer, providing a mechanism to consolidate 100% ownership in the future [4][7]. - If a bona fide third-party offer is received, Metal Energy has 45 days to elect to acquire the remaining interest under the same terms [4]. - The agreement includes the issuance of 600,000 common shares at a deemed price of $0.47 per share, subject to TSX Venture Exchange approval [5][6]. Group 2: Project Details - The NIV property is characterized as a fully permitted, drill-ready copper-gold porphyry target with extensive high tenor copper and gold anomalies [7]. - The property is located in the Toodoggone District, which has geological similarities to the Kemess mine and recent discoveries like Aurora and Aurora West [7]. - Metal Energy's portfolio now includes three high-potential projects, with NIV being a significant addition [8].
Trinity One Metals Closes Fully Subscribed Private Placement
Newsfile· 2025-10-17 22:16
Core Points - Trinity One Metals Ltd. has successfully closed a non-brokered private placement offering, issuing 15,000,000 units at a price of $0.05 per unit, resulting in total gross proceeds of $750,000 [1][3] Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, with warrants allowing the purchase of one common share at $0.075 until October 17, 2028 [2] - The company paid finder's fees of $23,850 and issued 477,000 finder's warrants, which are exercisable at $0.075 until October 17, 2027 [3] - The net proceeds from the offering will be used for assessing new growth opportunities, maintaining the existing exploration portfolio, and for general working capital [3] Regulatory Compliance - All securities issued under the offering are subject to a hold period expiring on February 18, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies [4] - The offering is pending final approval from the TSX Venture Exchange [4] Related Party Transactions - Two directors and an officer participated in the offering, contributing a total of $142,500, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [5] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation not exceeding 25% of the company's market capitalization [5] Director Holdings - Matthew Wood, a director, acquired 550,000 units for $27,500, increasing his holdings to approximately 8.87% on an undiluted basis and 15.10% on a partially diluted basis [6] - Thomas Wood, an officer and director, acquired 2,000,000 units for $100,000, representing approximately 6.00% on an undiluted basis and 11.33% on a partially diluted basis [7]
Goldstorm Metals Announcement: Canadian Mail Strike and Availability of AGM Meeting and Voting Materials
Newsfile· 2025-10-15 20:30
Core Points - Goldstorm Metals Corp. is addressing the impact of the Canada Post labour strike on the availability of meeting materials for its upcoming annual general meeting scheduled for October 24, 2025 [1][8] - The company encourages registered shareholders to access meeting materials electronically and vote online due to the mail strike [2] - Beneficial shareholders are advised to contact their brokers to obtain voting instructions and materials [3] Meeting Agenda - The meeting will cover the following key items: 1. Review of the directors' report and financial statements for the year ended March 31, 2025 [6] 2. Fixing the number of directors at five [6] 3. Election of directors for the upcoming year [6] 4. Appointment of Davidson & Company LLP as the auditor and authorization for directors to fix auditor remuneration [6] 5. Consideration of an ordinary resolution to approve the current stock option plan, subject to regulatory approval [6] Shareholder Communication - Shareholders with questions regarding voting can contact Computershare Investor Services Inc. or the company directly for assistance [7] - Votes must be submitted by the close of business on October 23, 2025 [4] Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in the Golden Triangle of British Columbia, known for high-grade gold deposits [9] - The company's flagship projects, Crown and Electrum, cover approximately 16,469 hectares across six concessions, with strategic proximity to major gold deposits [9]
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]