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Ares Strategic Mining Discovers High-Value Germanium in Addition to Gallium in its Fluorspar Ore
Thenewswire· 2025-09-16 12:10
Core Insights - Ares Strategic Mining Inc. has reported a significant breakthrough in its materials analysis program, confirming the presence of germanium and gallium in its fluorspar ore samples from the Spor Mountain Project in Utah [1][4]. Company Overview - Ares Strategic Mining Inc. focuses on developing fluorspar projects in the U.S. and aims to become a major supplier of high-grade fluorspar to North American markets, supporting industries essential for modern technology and infrastructure [6]. Mineral Discovery - The analysis conducted in partnership with Iowa State University and Ames National Laboratory revealed germanium concentrations of 0.15% (1,500 ppm) and 0.05% (500 ppm) in two of the seven samples tested, with low error margins [3]. - The presence of both germanium and gallium is significant as they are classified as critical minerals on the U.S. supply risk list [4]. Strategic Development Plans - Following the successful proof-of-concept testing, the company plans to continue advanced laboratory characterization to quantify germanium and gallium concentrations across additional batches [7]. - Ares will also explore commercial pathways for extracting and recovering these materials alongside fluorspar and evaluate potential economic co-products and vertical integration opportunities [7]. Commitment to Supply Chain Resiliency - The initiative is part of Ares' broader commitment to maximize resource value and contribute to the domestic supply chain resiliency for critical materials in the United States [5].
More Antimony Assays Reported at Bald Hill Project
Globenewswire· 2025-08-28 15:23
Core Insights - Globex Mining Enterprises Inc. announced that Antimony Resources Corp. reported additional high-grade antimony assays from six drill holes at the Bald Hill Property in New Brunswick, which is under option from Globex Mining [1][3] Summary by Sections New Assays - Hole BH 25-11: 5.27% Sb over 4.95 m - Hole BH 25-12: 19.00% Sb over 0.40 m, 1.99% Sb over 0.40 m, 7.60% Sb over 0.25 m, 5.82% Sb over 2.65 m - Hole BH-25-13: 1.11% Sb over 7.36 m, including 5.55% Sb over 1.35 m - Hole BH-25-14: 1.80% Sb over 3.55 m - Hole BH-25-15: 1.96% Sb over 1.96 m, 1.65% Sb over 1.65 m - Hole BH-25-16: 7.21% Sb over 1.50 m - Reported widths are measured intersection widths, with true widths estimated to be 75% to 80% of intersection widths [2] Mineralized Zone - The mineralized zone has been traced over a length of 400 metres and to a depth of 400 metres, indicating the potential for a significant mineralized body [3]
Troilus and Aurubis Sign Memorandum of Agreement for Long-Term Copper-Gold Concentrate Offtake at Berlin Critical Minerals Mission
Globenewswire· 2025-08-26 18:58
Core Viewpoint - Troilus Gold Corp. has signed a Memorandum of Agreement with Aurubis AG for the long-term offtake of copper-gold concentrate from the Troilus Project in Québec, Canada, marking a significant step in project financing and development [1][3][4] Group 1: Agreement Details - The MoA formalizes the offtake terms previously indicated on June 18, 2025, and establishes a framework for long-term concentrate supply [1][3] - The agreement was signed during Canada's Critical Minerals Mission to Germany, highlighting the international significance of the project [2][4] - The MoA covers a substantial portion of Troilus' concentrate to be delivered to Aurubis, aligning with a broader debt financing package of up to US$700 million announced on March 13, 2025 [3][4] Group 2: Strategic Importance - The partnership is seen as a step forward in enhancing Canada-Europe cooperation on critical minerals, reinforcing Canada's position as a reliable supplier of responsibly sourced copper and gold [4][6] - The agreement underscores the importance of Canadian critical mineral projects in strengthening global supply chains and positions Troilus as a future North American supplier to European markets [6] Group 3: Support and Advisory - Ocean Partners USA Inc. is acting as Troilus' independent third-party advisor, providing market insight and guidance for the concentrate offtake strategy [7] - Auramet International Inc. is assisting with structuring the debt package and engaging with potential lenders and strategic partners [8]
CleanTech Announces Grant of Stock Options
Newsfile· 2025-08-15 20:01
Group 1 - CleanTech Vanadium Mining Corp. has approved the grant of incentive stock options totaling 875,000 common shares at an exercise price of $0.06 [1] - The options are part of the Company's 10% rolling stock option plan and are subject to specific terms and conditions [1] - The options will vest at a rate of 12.5% per quarter for the first two years and are exercisable for a five-year term expiring on August 14, 2030 [1] Group 2 - CleanTech Vanadium Mining Corp. focuses on critical mineral resources in the USA, with an option to acquire 7,180 acres of mineral rights in the Illinois-Kentucky Fluorspar district [2] - The Company also owns a 100% interest in the Gibellini Vanadium Mine Project located in Nevada [2]
CleanTech Announces Intention to Amend Option Terms
Newsfile· 2025-08-14 13:21
Core Viewpoint - CleanTech Vanadium Mining Corp. is proposing to reprice a total of 9,090,000 incentive stock options to encourage early exercise of these options [1][3]. Summary by Sections Option Repricing Details - The company plans to adjust the exercise price of various options, reducing them to $0.06 from higher prices ranging from $0.10 to $0.20 [2]. - A total of 8,230,000 of these options are held by insiders, and the completion of the repricing is subject to approval from the TSX Venture Exchange [2][4]. Related Party Transactions - The repricing of options held by related parties is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]. - The company expects to be exempt from obtaining a formal valuation and minority approval since the fair market value of the repriced options is anticipated to be below 25% of the company's market capitalization [5]. Timeliness of Reporting - A material change report regarding the related party transaction may be filed less than 21 days prior to the closing of the option repricing to ensure timely completion [6]. Company Overview - CleanTech Vanadium Mining Corp. focuses on critical mineral resources in the USA, with an option to acquire 7,180 acres of mineral rights in the Illinois-Kentucky Fluorspar district and full ownership of the Gibellini Vanadium Mine Project in Nevada [7].
Oracle Commodity Holding to Acquire a 2% Fluorspar Royalty (USA) from CleanTech Vanadium
Newsfile· 2025-08-12 19:08
Company Overview - Oracle Commodity Holding Corp. and CleanTech Vanadium Mining Corp. have signed a royalty agreement on August 11, 2025, involving U.S. Fluorspar LLC, a subsidiary of CleanTech [1] - The agreement grants Oracle a 2% net smelter returns royalty with a minimum of $6 per tonne of minerals sold from the Fluorspar Projects in the Illinois-Kentucky Fluorspar District [2] Financial Terms - Oracle will pay USF non-refundable cash payments totaling $6,000,000 over four years, which is 20% of the cash consideration paid to the Vendor [3] - The first cash payment of $65,000 will be made by Oracle after the approval of the Royalty Agreement by TSX-V [3] Project Details - The Fluorspar Projects include several areas with significant historic resource estimates, such as Tabb, Babb-Barnes, and Robinson-Lasher, with varying CaF2 and Zn percentages [4][6] - The Illinois-Kentucky Fluorspar District has a rich mining history, having produced over 12.5 million tons of refined fluorspar since the late 1800s [6][7] Geological Context - The projects are located within the Kentucky-Illinois fluorspar district, characterized by Mississippian-age limestones and complex fault systems that control mineralization [8][9] - The primary deposits are associated with steeply-dipping normal faults, with significant mineralization potential indicated by over 720 historic drill holes [7][9] Market Overview - China produced over 60% of the world's fluorspar in 2024, with a production of 5.9 million tons, followed by Mexico and Mongolia [11] - China's fluorspar imports rose 32% year-on-year in 2024, while exports fell 35%, indicating a shift in market dynamics [13] - The US fluorspar price increased from approximately $300 per ton in 2020 to over $450 per ton in 2025 [13]
Entrée Resources Provides Corporate Update
Globenewswire· 2025-08-05 12:00
VANCOUVER, British Columbia, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the "Company" or "Entrée") provides an update regarding efforts to transfer the Shivee Tolgoi and Javkhlant mining licenses (the "JV Licenses") in Mongolia to the Company's joint venture partner Oyu Tolgoi LLC ("OTLLC"), and other corporate matters. Stephen Scott, the Company's President and CEO, commented, "Given the critical nature of the transfer of the JV Licenses to OTLLC, the Company wanted to ...
Germanium Mining Corp. Closes Non-Brokered Private Placement and Debt Settlement
Thenewswire· 2025-07-29 21:50
Core Viewpoint - Germanium Mining Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $175,000 through the issuance of 1,750,000 units at a price of $0.10 per unit, which includes common shares and warrants [1] Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.12 for 24 months [1] - The company has settled $424,753 in accounts payable through the issuance of 4,247,533 common shares at $0.10 per share [1] Group 2: Regulatory Compliance - The company relied on an exception from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship and other conditions [2] - Independent Directors of the company determined that the offering is in the best interests of the company and that obtaining shareholder approval was not feasible [2] Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated towards exploration activities and general corporate purposes, including arm's length payables [3] - All securities issued will be subject to a statutory hold period of four months and one day as required under applicable securities legislation [3]
Atlas Critical Minerals Reports Strong Initial Graphite Recovery of 96.6% in Its Minas Gerais Project
Newsfile· 2025-07-22 12:00
Core Insights - Atlas Critical Minerals Corporation reported a strong initial graphite recovery of 96.6% from its Minas Gerais Graphite Project, indicating significant potential for commercial viability [1][11] - The project covers 1,258 hectares in Minas Gerais, Brazil, and surface samples showed up to 15.4% graphitic carbon content [1][4] Project Overview - The Minas Gerais Graphite Project is 100% owned by Atlas Critical Minerals and is part of a larger portfolio of critical mineral rights in Brazil, which includes rare earths and titanium [14] - SGS Canada, Inc. was engaged to prepare technical reports under U.S. Regulation S-K 1300, with qualified personnel overseeing the project [1] Metallurgical Testing - Initial metallurgical tests were conducted using 50 kg of representative samples, employing conventional flotation, regrinding, and attrition techniques [7][11] - The tests aimed to design a concentration flowsheet to upgrade graphite content into a commercially viable concentrate [7] Analytical Results - The flotation concentrates achieved grades between 91.3% and 97.7% graphitic carbon across various size intervals, demonstrating the effectiveness of the processing methods [8][10] - The highest graphitic carbon content in the samples tested was 15.4%, while the lowest was 1.89% [8] Conclusion - The results from the Minas Gerais Graphite Project highlight the strong potential for high-grade graphite production, which is essential for various applications, including defense and electrification [14]
Antimony Resources Intersects Massive Stibnite on Property Under Option from Globex
Globenewswire· 2025-07-02 16:05
Core Viewpoint - Antimony Resources Corp. has reported positive drilling results from the Bald Hill Antimony Project, indicating significant intersections of antimony mineralization, which may present investment opportunities for stakeholders in the mining sector [2][3][4]. Group 1: Drilling Results - Two drill holes, BH-25-3 and BH-25-4, successfully intersected the target antimony zone, with BH-25-03 showing 2.76% Sb over 2.8 m, including a peak of 19.0% Sb over 0.4 m [2][3]. - Hole BH-25-04 revealed 4.17% Sb over 7.40 m, with notable massive stibnite zones returning 28.8% Sb over 0.50 m, 21.9% Sb over 0.40 m, and 17.9% Sb over 0.40 m [3]. - A total of 10 drill holes have been completed, with additional assays pending for further mineralized intersections [3]. Group 2: Additional Mineralization - The drilling also encountered low-grade gold mineralization, with assays up to 2.15 g/t Au over 0.40 m as part of a wider intersection zone in Hole BH-25-04 [4]. Group 3: Market Context - Antimony prices have surged due to supply shortages exacerbated by geopolitical conflicts, which may enhance the project's economic viability [4]. Group 4: Project Terms - The option terms for the Bald Hill Antimony Project include $2,000,000 in cash payments, 1,100,000 shares of Antimony Resources, and a minimum of $5,000,000 in property expenditures over four years [5]. - Upon completion of the earn-in, Globex will retain a 3.5% Gross Metal Royalty, with the option to purchase 1% for $1,000,000 adjusted for inflation [5].