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Bunker Hill Updates Previously Announced C$45 Million “Bought Deal” Private Placement of Units to Provide for Canadian Dollar and U.S. Dollar Denominated Tranches
Globenewswire· 2025-09-15 10:45
Core Viewpoint - Bunker Hill Mining Corp. has revised the terms of its private placement financing, aiming to raise a total of approximately C$18 million and US$19.6 million through Canadian and U.S. dollar-denominated units respectively [1][3]. Financing Details - The financing consists of two tranches: 150,000,000 units priced at C$0.12 for gross proceeds of C$18,000,000 (CAD Offering) and 225,000,000 units priced at US$0.08711 for gross proceeds of US$19,599,750 (USD Offering) [1][8]. - The offering is led by Haywood Securities Inc. as the lead underwriter, along with BMO Capital Markets as part of the underwriting syndicate [2]. Closing and Conditions - The offering is expected to close on September 29, 2025, subject to certain closing conditions, including necessary approvals from the TSX Venture Exchange [4]. Underwriter Compensation - The company will pay the underwriters a cash commission of 6.0% of the gross proceeds, with a reduced fee of 3.0% for certain purchasers on the President's List. Additionally, non-transferable compensation options will be issued [5]. Regulatory Compliance - The units will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption [6][7]. Company Overview - Bunker Hill Mining Corp. focuses on revitalizing its historic mining asset in northern Idaho, specifically targeting zinc, lead, and silver deposits [9].
Bunker Hill Updates Previously Announced C$45 Million “Bought Deal” Private Placement of Units to Provide for Canadian Dollar And U.S. Dollar Denominated Tranches
Globenewswire· 2025-09-15 10:45
Core Points - Bunker Hill Mining Corp. has revised the terms of its private placement financing, consisting of two tranches: a CAD Offering of 150,000,000 units at C$0.12 for gross proceeds of C$18,000,000 and a USD Offering of 225,000,000 units at US$0.08711 for gross proceeds of US$19,599,750 [1][7] - The Offering is expected to close on September 29, 2025, pending necessary approvals, including conditional listing approval from the TSX Venture Exchange [3][10] - A cornerstone investor is anticipated to subscribe for the entirety of the USD Offering [2] Offering Details - The cash commission for the underwriters is set at 6.0% of the gross proceeds, with a reduced fee of 3.0% for certain purchasers on the President's List [4] - Compensation Options will be issued equal to 6.0% of the aggregate number of units sold, with a specific 3.0% for the President's List purchasers [4] - The securities will be subject to a statutory hold period of four months and one day in Canada and a minimum six-month hold period in the U.S. [6] Regulatory Compliance - The units have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption [5][6] - The Offering is subject to regulatory approvals, including those from the TSX Venture Exchange [3][10]
Doubleview Gold Corp Announces Important High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-09-11 14:08
Core Insights - Doubleview Gold Corp. announced significant assay results from its 2025 drilling program at the Hat Polymetallic Deposit, indicating substantial high-grade copper and gold mineralization [1][5][10] - The recent drilling has expanded the mineralization footprint beyond the area considered in the maiden Mineral Resource Estimate reported on July 25, 2024 [1][5][10] - The drilling program has confirmed the robust mineralization profile of the Hat Deposit, with evidence of both shallow and deep mineralization horizons [2][10] Drilling Results - A total of 12 drill holes have been completed, totaling 8,506 meters (27,906 feet) as of September 11, 2025, with ongoing work [3][5] - Drill hole H090 reported a long interval of 241.8 meters (793.3 feet) with 0.15% CuEq, including 68 meters of 0.30% CuEq [8][9] - Drill hole H091 showed several intervals with elevated levels of CuEq, including 27 meters at 0.58% CuEq and a notable 5.26% CuEq over 1.2 meters [9][10] - Drill hole H092 demonstrated numerous long intervals of high CuEq, extending the zone of higher-grade mineralization to depth [9][10] Mineral Resource Estimate - The results from the recent drill holes will be incorporated into the next Mineral Resource Estimate, which is currently in progress [5][19] - The Hat Deposit is recognized as a significant source of critical minerals, including copper, gold, cobalt, and potential scandium [27][28] Market Context - The company is observing rising prices for key metals such as copper, gold, silver, and scandium, influenced by global market uncertainties and a renewed focus on strategic metals [20] - The mining industry is experiencing active consolidation, as illustrated by the potential merger of Teck Corporation with Anglo-American [20] Company Overview - Doubleview Gold Corp. is focused on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [25][26] - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects in critical minerals [25][26]
Sanatana Appoints Dylan Dix to Advisory Board
Newsfile· 2025-09-11 12:30
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Sanatana Resources Inc. (TSXV: STA) ("Sanatana" or the "Company") is pleased to announce the appointment of Mr. Dylan Dix to Sanatana's advisory board. "Sanatana welcomes Dylan Dix to its Advisory Board," commented Peter Miles, CEO of Sanatana. "Mr. Dix's extensive expertise in corporate governance and vast industry network will significantly enhance our strategic vision."Dylan Dix — Biography With in excess of 25 years' experience in the ...
Metalsource announces CHANGE OF DIRECTORS
Globenewswire· 2025-09-10 22:16
Group 1 - Metalsource Mining Inc. has appointed Timothy Ko as a Director, who has a background in technology and biotech, with experience in fundraising and operations in Canadian public markets [1] - The company focuses on the acquisition, exploration, and development of mineral property assets, specifically targeting precious and base metal properties [2] - Metalsource's exploration program is centered on the Aruba Property, located in Botswana's Kalahari Desert, covering an area of 4,663 square kilometers, which is prospective for platinum group metals, gold, silver, and manganese [2]
Bunker Hill Announces C$45 Million “Bought Deal” Private Placement of Units
Globenewswire· 2025-09-05 11:04
Core Points - Bunker Hill Mining Corp. has entered into an agreement for a bought deal private placement to raise C$45,000,000 by issuing 375,000,000 units at C$0.12 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of a share at C$0.17 for 60 months [2] - The offering is expected to close on September 29, 2025, subject to regulatory approvals [7] Financial Details - A cornerstone investor is expected to subscribe for approximately US$19,600,000, while another is expected to subscribe for US$5,000,000 [4] - The net proceeds will be used for advancing the construction of the Bunker Hill Mine and for general corporate purposes [5] - The underwriters will receive a cash commission of 6.0% of the gross proceeds and non-transferable compensation options equal to 6.0% of the units sold [8] Regulatory and Compliance - The offering is being made to eligible purchasers in Canada and other mutually agreed jurisdictions, subject to compliance with regulatory requirements [6] - The securities will be subject to a statutory hold period of four months and one day in Canada [10]
Osisko Intersects 1117.5 Metres Averaging 0.25% Cu at Gaspé
Globenewswire· 2025-09-04 10:00
Core Viewpoint - Osisko Metals has reported significant new drilling results from the Gaspé Copper Project, highlighting the longest continuous mineralization intercept to date of 1117.5 meters averaging 0.25% Cu, 1.81 g/t Ag, and 0.022% Mo, which indicates strong potential for resource expansion and upgrade in mineral resource categories [1][2][9]. Summary by Relevant Sections Drilling Results - Drill hole 30-1097 achieved the longest intersection of 1117.5 meters with an average of 0.25% Cu, 1.81 g/t Ag, and 0.022% Mo, including a deeper expansion of 426.0 meters averaging 0.27% Cu [2][9]. - A total of over 65,000 meters of drilling has been completed with 10 drills on site, and the current drilling program will continue until December 2025 [2][4]. Mineral Resource Estimate (MRE) - The updated MRE is expected to be released in Q1 2026, focusing on upgrading inferred mineral resources to measured or indicated categories [2][4][17]. - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and test for deeper and lateral expansions [17]. Mineralization Characteristics - The Gaspé Copper mineralization is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [15]. - High molybdenum grades (up to 0.5% Mo) have been noted in specific zones away from Copper Mountain [15]. Company Background - Osisko Metals is focused on the Gaspé Copper Project, which hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [25][26]. - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023 [25].
OTC Markets Group Welcomes Empire Metals LTD to OTCQX
Globenewswire· 2025-09-03 11:00
Company Overview - Empire Metals LTD has upgraded to trade on the OTCQX® Best Market from the OTCQB® Venture Market, enhancing its visibility among U.S. investors [1][3] - The company focuses on the development of the Pitfield titanium project in Western Australia, which is characterized by a significant high-grade titanium discovery [5] Market and Trading Information - Empire Metals LTD begins trading on OTCQX under the symbol "EPMLF," providing U.S. investors with access to current financial disclosures and real-time quotes [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, marking an important milestone for companies transitioning from OTCQB [3] Project Details - The Pitfield project features a massive titanium resource, with airborne surveys indicating a gravity and magnetics anomaly extending over 40km by 8km by 5km deep [5] - An Exploration Target for Pitfield was declared in 2024, estimated to contain between 26.4 to 32.2 billion tonnes of titanium ore with a grade range of 4.5 to 5.5% TiO₂ [5] - The in-situ weathered sandstone zone is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO₂, extending from surface to an average depth of 30m to 40m [5] Management Commentary - Shaun Bunn, Managing Director of Empire Metals, expressed enthusiasm about the upgrade to OTCQX, highlighting the increased accessibility and visibility for U.S. institutional and retail investors [4]
Inventus Secures $1.47 Million Gold Pre-Payment from 007 North Bulk Sample at the Pardo Gold Project
Globenewswire· 2025-09-02 11:00
Core Viewpoint - Inventus Mining Corp. has received a pre-payment of CAD 1.47 million from McEwen Inc. for a portion of estimated recoverable gold from its 007 North bulk sample at the Pardo Gold Project, indicating strong validation of the project's gold content and progress towards a scalable mining operation [1][5][7]. Bulk Sample Update - The Trench 1 bulk sample has approximately 10,000 tonnes identified and is currently 90% extracted, with 3,812 tonnes (38% complete) already hauled to McEwen Inc.'s Stock Mill for processing [3][7]. - Results from the bulk sample are expected in November, with updates to be provided as they become available [3]. Drilling Update - The company anticipates releasing results from further grade-control drilling at the Trench 1 North and South bulk sample sites, along with four Phase 2 resource drill holes [4]. - Plans for additional Phase 2 resource drilling are underway, aimed at extending gold mineralization and progressing towards a maiden resource estimate for the project [4]. Financial Details - The pre-payment of CAD 1,466,249 represents a portion of the estimated recoverable gold from the 4,816-tonne 007 North Bulk Sample, which is expected to be processed shortly [7]. - The grade-control drilling across 30 holes at the site returned a weighted average of 4.10 grams per tonne (gpt) gold over 1.78 meters within 6 meters of the surface [7]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, holding a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [6]. - The Pardo Gold Project is noted as the first significant paleoplacer gold discovery in North America, with approximately 205 million common shares outstanding [6].
District Comments on Uranium Mining Announcement from the Swedish Government - Legislative Proposal to Be Brought to Parliament
Newsfile· 2025-09-02 06:00
Core Viewpoint - The Swedish Government plans to submit a legislative proposal to Parliament to lift the current ban on uranium mining, with potential implementation on January 1, 2026, marking a significant policy shift towards new energy solutions in Sweden [1][3]. Group 1: Legislative Changes - The proposed changes will allow for the extraction and exploration of uranium under the Swedish Minerals Act, including applications for exploration permits and processing concessions under specific conditions [2]. - This initiative follows a government inquiry that concluded in December 2024, recommending the removal of the uranium mining ban, which was subsequently submitted to the Council on Legislation in June 2025 [3]. Group 2: Company Implications - District Metals Corp. expresses optimism regarding the government's move to remove the uranium ban, indicating that it aims to create a regulatory framework treating uranium similarly to other metals and minerals [4]. - The lifting of the uranium ban is expected to provide long-term clarity for the company and enhance its ability to attract investors, which is crucial for the development of its uranium polymetallic projects [4]. Group 3: Company Overview - District Metals Corp. is focused on exploring and developing mineral properties, particularly the Viken and Tomtebo Properties in Sweden, which contain significant mineral resources including uranium [6][7]. - The Viken Property is noted for having the largest undeveloped Mineral Resource Estimate of uranium globally, along with other critical raw materials [7].