Minerals Exploration
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Chakana Provides Update to Shares for Debt Transaction
NewsfileĀ· 2025-09-25 00:35
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Chakana Copper Corp. (TSXV: PERU) (FSE: 1ZX0) (the "Company" or "Chakana") announces that, further to its news release dated September 11, 2025, regarding the settlement of debt owed by the Company to certain directors, officers and consultants (the "Creditors") for management fees and services previously provided, it wishes to clarify the number of shares issued and the pricing disclosed in that release. The total debt outstanding to the ...
Resolution Minerals Raises $25.1m for Horse Heaven Project Expansion
Small CapsĀ· 2025-09-18 02:27
Core Viewpoint - Resolution Minerals has secured $25.1 million in funding from high net worth and global institutions to accelerate exploration at the Horse Heaven project in the US, following early exploration success at the Antimony Ridge target [1] Group 1: Funding and Investment - The capital raising includes a cornerstone investment of $7.75 million from high-caliber local and international investor groups [2] - The capital raising is structured in two tranches, with the first tranche raising $18.4 million and the second tranche pending shareholder approval [3] - The placement shares are priced at $0.05 each, reflecting an 11.2% discount to the 15-day volume-weighted average price of $0.0563 [4] Group 2: Exploration and Development Plans - Proceeds from the funding will be used to advance drilling at Horse Heaven and explore downstream critical mineral processing initiatives [4] - The company is preparing to drill targets in and around dormant tungsten, gold, and antimony mines, and is seeking additional permits to expand its drilling program [6] - Resolution is also developing a Washington DC engagement strategy to become eligible for grants and support from US government organizations due to the project's critical minerals potential [6] Group 3: Market Positioning - The company aims to list on NASDAQ and compete with major US critical metals companies like Perpetua Resources and MP Materials [5]
Adelayde Announces Update to Private Placement
NewsfileĀ· 2025-09-16 21:08
Core Points - Adelayde Exploration Inc. announced an update to its private placement to fund a gold drill program in Esmeralda County, Nevada [1] - Each Unit in the private placement will consist of one common share and one-half of a transferable share purchase warrant, with the warrant allowing the purchase of an additional share at $0.075 for five years [1] - The net proceeds from the financing will be allocated to the company's general working capital [1] Company Overview - Adelayde Exploration Inc. holds three lithium projects in Clayton Valley, Nevada, including the McGee lithium clay deposit with a resource estimate of 2,092,000 tonnes of lithium carbonate equivalent [3] - The company also owns the Clayton Ridge gold project in Esmeralda County, Nevada, along with antimony and tungsten projects in New Brunswick [3]
Grid Metals Corp. Receives Drill Permit for Falcon West Cesium Property
AccessnewswireĀ· 2025-09-11 11:00
Core Insights - Grid Metals Corp. has received an exploration drill permit for its Falcon West Lithium/Cesium Property in Manitoba [1] - Drilling is scheduled to commence in September 2025 [1] Company Summary - The Falcon West property is 100% owned by Grid Metals Corp. [1] - The property is located approximately 110 km east of Winnipeg, Manitoba [1]
Canterra Minerals Defines Multiple Large-Scale Drill Targets from Property-Wide 3D IP Survey at the Buchans Project and Begins Discovery-focused Phase 3 Drilling
GlobenewswireĀ· 2025-09-03 11:01
Core Insights - Canterra Minerals Corporation has identified multiple large-scale, high-priority anomalies at its Buchans Project in Central Newfoundland through a deep-penetrating 3D Induced Polarization survey, indicating potential for significant mineral discoveries [1][4][5] Survey Results - The 3D IP survey defined five primary large-scale anomalies with geophysical signatures comparable to known mineralized zones, suggesting the presence of significant sulphide accumulations [5] - The survey successfully imaged the subsurface to depths of up to 800 meters, surpassing the limits of most historical exploration efforts [5] Drilling Program - Canterra has initiated Phase 3 of its fully funded 10,000-meter drill program, with 6,000 meters currently underway targeting the highest-priority IP anomalies [2][9] - New drill targets include Sandfill Deep, Clementine South, West Clementine, and Nu Area, each characterized by significant geophysical anomalies [10] Historical Context - The historic Buchans Mine was one of the world's highest-grade VMS deposits, producing 16.2 million tonnes at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, and 126 g/t Ag [5] Project Overview - The Buchans Project spans 95 km² and includes both the past-producing Buchans Mine and the undeveloped Lundberg deposit, which is characterized by near-surface stockwork sulphide mineralization suitable for open-pit development [12]
Glenstar Minerals Inc. Announces Closing of Upsized $3 Million Private Placement Financing
NewsfileĀ· 2025-08-26 16:25
Core Points - Glenstar Minerals Inc. has successfully closed a private placement financing of $3 million, issuing a total of 5,122,235 units at a price of $0.68 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.85 until August 26, 2027 [2] - The company plans to use the net proceeds for drilling and exploration activities at the Green Monster and Wild Horse properties, as well as for general administrative expenses [5] Group 1 - The private placement was conducted through Hampton Securities Limited, which exercised an over-allotment option to purchase additional units, resulting in total gross proceeds of $3,483,119.80 [1][2] - Glenstar paid a cash commission of 7% to the agent and granted non-transferable warrants to purchase 358,556 common shares at $0.68 per share until August 26, 2027 [3] - The offering was made under relevant prospectus and registration exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4] Group 2 - The company intends to allocate funds for specific activities, including drilling at the Green Monster Property and trenching at the Wild Horse Property [5] - The offering is part of the company's strategy to enhance exploration and development activities in its properties [5]
Critical One Announces Upsized Non-Brokered Private Placement
GlobenewswireĀ· 2025-08-18 20:53
Core Viewpoint - Critical One Energy Inc. announces an upsize to its non-brokered private placement due to strong investor interest in its Howells Lake Antimony-Gold Project, aiming to raise approximately CDN$3,000,000 by issuing up to 5,000,000 units at CDN$0.60 per unit [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CDN$1.00 for 18 months [2]. - The offering is scheduled to close on or about August 26, 2025, subject to regulatory approvals, and will have a hold period of four months and one day for the issued securities [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony-Gold Project, including verification drilling, permitting, strengthening the balance sheet, pursuing corporate strategies, and general working purposes [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5].
Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool
GlobeNewswire News RoomĀ· 2025-08-06 11:30
Core Viewpoint - Forte Minerals Corp. is enhancing its capital markets capabilities through strategic partnerships and the launch of an AI-powered investor platform, aiming to improve investor engagement and transparency [1][8]. Group 1: Strategic Partnerships - Forte has engaged Mills Dunlop Capital Partners (MDCP) for strategic advisory services, leveraging their expertise in complex mining transactions and capital markets [2][9]. - The company appointed Kevin Guichon from Port Guichon Strategic Advisory as the Investor Relations and Capital Markets Specialist, who will oversee investor outreach and capital market strategies [4][5]. - Guichon will receive C$4,000 per month and 200,000 stock options at C$0.80 per share for five years, subject to regulatory approval [6]. Group 2: AI-Powered Investor Platform - Forte has launched an AI-powered investor engagement platform in partnership with Versance.ai, providing instant access to regulatory filings and investor insights [11][15]. - The platform allows investors to ask questions and receive reliable responses, compare filings, and access information 24/7 in multiple languages [15]. Group 3: Corporate Update - The company has granted a total of 1,450,000 stock options to directors, officers, and consultants, exercisable at C$0.80 per share, expiring in five years [12]. - Forte Minerals Corp. focuses on high-quality copper and gold assets in Peru, emphasizing responsible resource development for long-term shareholder value [13].
Rimfire Pacific Mining (RIM) Update / Briefing Transcript
2025-08-01 03:02
Rimfire Investor Briefing Webinar Summary Company Overview - **Company**: Rimfire - **Industry**: Critical minerals, specifically scandium - **Listing**: ASX listed resources company - **Location**: Lachlan origin and Broken Hill Districts, New South Wales, Australia Key Points and Arguments 1. **Capital Raise**: Rimfire recently announced a capital raise of $3,500,000 to fund exploration plans for its scandium projects in the Firefield District, which is recognized as Australia's scandium epicenter [2][4] 2. **Project Portfolio**: The company is focused on exploring and developing scandium deposits, with significant landholdings in Central New South Wales [4][33] 3. **High Scandium Grades**: Rimfire has identified high scandium grades in several prospects and aims to upgrade its scandium resource inventory by 2026 [5][6] 4. **Exploration Targets**: The company has three main exploration targets: - **Carajong**: Targeting a mineral resource estimate by September 2023 [6][27] - **Merga**: Aiming to convert the exploration target into a mineral resource estimate by Q1 2024 [7][27] - **Rabbit Trap**: A 100% owned project with potential for new scandium drill targets [29][31] 5. **Geological Advantage**: The Firefield area has a unique geological setting with ultramafic rocks that are conducive to scandium deposits, with over 74% of Australia's known scandium located in this region [17][18][20] 6. **Supply Constraints**: Scandium is currently supply constrained, with the US relying on imports from China and Russia, highlighting the strategic importance of developing a secure supply in Australia [14][16] 7. **Market Value**: The value of scandium is exceptionally high, with prices ranging from $134,000 to $500,000 per ton depending on processing methods [15] 8. **Collaboration with Other Companies**: Rimfire is one of four companies (including Rio Tinto, Sunrise Energy Metals, and Australian Mines) exploring the Firefield area, with some degree of collaboration among them [46][48] 9. **Government Support**: The New South Wales government is establishing a scandium working group to support the development of critical minerals in the Firefield area [49] Additional Important Content - **Joint Venture with Golden Plains Resources**: The arbitration with joint venture partner Golden Plains Resources has been resolved, allowing Rimfire to move forward with exploration programs [35][36] - **Potential for Gold and Silver**: Rimfire is also considering the economics of the suppressor deposit, which contains gold and silver, in light of rising gold prices [44][45] - **Future Plans**: The company is focused on building a globally significant scandium resource inventory and promoting the Central New South Wales area as a key source for scandium [34][51]
Mason Resources Highlights Performance and Value of Key Public Market Investments
NewsfileĀ· 2025-07-25 11:30
Core Insights - Mason Resources Inc. reports strong performance from its key public market investments, including Nouveau Monde Graphite, Black Swan Graphene, NorthX Nickel, and Astra Exploration, indicating robust returns across public markets [1][2][3] Investment Performance Highlights - Nouveau Monde Graphite Inc. is experiencing significant growth following the U.S. Commerce Department's preliminary anti-dumping duties of 93.5% on anode-grade graphite from China, positively impacting share prices [5] - Black Swan Graphene Inc. launched graphene-enhanced masterbatches after a $6 million financing in February 2025, leading to positive market reactions [5] - NorthX Nickel Corp. successfully sold its Sudbury properties, which has de-risked the company and positively influenced its share price [5] - Astra Exploration Inc. announced favorable drilling results at its silver project in Argentina, contributing to its strong performance since Mason became a shareholder [5] Company Overview - Mason Resources Inc. is a Canadian corporation focused on investment opportunities, holding significant stakes in Black Swan Graphene, Nouveau Monde Graphite, Astra Exploration, and NorthX Nickel [14][15]