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Critical Metals Corp Releases Additional High-Grade REE Results From Diamond Drilling at Tanbreez in Greenland
GlobeNewswire News Room· 2025-06-09 18:09
Core Viewpoint - Critical Metals Corp has announced exceptional assay results from the Tanbreez Project in Greenland, indicating a significant opportunity to increase the current Maiden Resource Estimate (MRE) of rare earth materials from 225 million tonnes (MT) to an exploration target of 500MT [1][19][30]. Group 1: Assay Results and Resource Estimates - The weighted average grade from the newly released diamond drill hole results is 0.43% Total Rare Earth Oxides (TREO) with 28% Heavy Rare Earth Oxides (HREO) and 1.44% Zirconium Oxide (ZrO2) [9][13]. - The MRE for the Tanbreez Project is approximately 45MT of eudialyte containing 0.38% TREO, including 27% HREO, along with 180MT of industrial mineral by-products [1][30]. - The deep diamond drill holes have confirmed mineralization grades ranging from 0.33% to 0.51% TREO, with the potential for further resource upgrades [13][19][23]. Group 2: Drilling Plans and Operations - The company has applied for a Program of Works for the 2025 resource drilling program to upgrade the Inferred Resource to Indicated Resource category and extend the size of the Tanbreez Fjord and Hill Zone Deposits [2]. - The first stage of the drilling program will target the Fjord Deposit, while the second stage will focus on the Hill Zone Deposit, with planned depths of 60m to 150m [4][6][5]. - The company is currently re-assaying historical samples to confirm and reconcile assay results, with updates expected soon [3][7]. Group 3: Strategic Positioning and Future Outlook - The Tanbreez Project is strategically positioned to advance development plans, with ongoing exploration and fieldwork to deepen understanding of the asset's potential [1][19]. - The company holds a 42% interest in the Tanbreez Project, with the right to increase this to 92.5%, indicating strong control over the resource [1]. - The project is expected to play a crucial role in supplying critical minerals essential for electrification and next-generation technologies in Europe and its partners [38][39].
Critical Metals Corp Releases Additional High-Grade REE Results From Diamond Drilling at Tanbreez in Greenland
Globenewswire· 2025-06-09 18:09
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to publish for the first time the assay results of eleven deep diamond drill holes from the Tanbreez Project in Greenland drilled in 2007 and 2013 at the Fjord Deposit. Commenting on the assay results, Tony Sage, CEO and Executive Chairman of the Company, said: "I am further encouraged by the deep diamond drill hole results at Tanb ...
Collective Mining Announces the Appointment of Raphael Maracajá as Vice President Mining
Prnewswire· 2025-06-09 16:35
Core Viewpoint - Collective Mining Ltd. has appointed Mr. Raphael Maracajá as Vice President of Mining, bringing 20 years of international mining experience to the company, which is expected to enhance its operational capabilities and growth strategy [1][2]. Company Updates - Mr. Maracajá's appointment is aimed at advancing the Guayabales and San Antonio projects, reinforcing the company's commitment to operational excellence and responsible development [2]. - The company will hold its 2025 annual shareholder meeting on June 16, 2025, via Zoom, allowing shareholders to engage and ask questions [3]. Company Background - Collective Mining Ltd. was founded by the team that developed and sold Continental Gold Inc. for approximately $2 billion in enterprise value and focuses on gold, silver, copper, and tungsten exploration in Caldas, Colombia [5]. - The flagship project, Guayabales, features the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization, with objectives to improve overall grade and expand the system through systematic drilling [6]. Shareholder Information - Management, insiders, and a strategic investor collectively own 44.5% of the outstanding shares, indicating alignment with shareholder interests [7].
Latin Metals Secures Drill Permit for Organullo Gold Project, Salta Province, Argentina
Globenewswire· 2025-06-09 12:30
VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to report that a Social & Environmental Impact Report (“SEIR”) (Informe de Impacto Ambiental y Social – Etapa de Exploración Avanzada) has been approved for exploration drilling at the Organullo Gold Project ("Organullo" or the "Project"), located in Salta Province, Argentina. The SEIR approval is issued in favour of Cardero Argentina S.A., a wholly owned ...
Sama Resources Announces Results of AGM
Thenewswire· 2025-06-09 12:05
Group 1: Election of Directors - All six nominees listed in the Management Proxy Circular were elected as directors for the upcoming year, with Marc-Antoine Audet receiving 97.20% of votes in favor, and Quentin Markin and Terry Krepiakevich receiving 100% [2][3] - A total of 72,717,248 common shares, representing 33.04% of the Company's issued and outstanding shares, were represented at the AGM [1][3] Group 2: Appointment of Auditors - Pricewaterhouse Coopers LLP was approved as the External Auditors for the Company for the next year, with the Directors authorized to fix their remuneration [2] Group 3: Stock Option Plan - The shareholders approved the Corporation's Stock Option Plan, reserving the grant of options up to a maximum of 10% of the total number of issued and outstanding shares, with 97.63% voting in favor [3] Group 4: Company Overview - Sama Resources Inc. is a Canadian-based resource company focused on the Samapleu nickel-copper project in Côte d'Ivoire, with a 40% interest in the project, while Ivanhoe Electric holds the remaining 60% [6] - The Company is transitioning from the basic OTC Pink Sheets to the enhanced OTC ID designation effective July 1, 2025, which will improve transparency and market presence [7]
Power Metallic Acquires 167KM² from Li-FT Power, Expanding Nisk - Lion Polymetallic Project Area by over 300%
Prnewswire· 2025-06-09 07:00
Core Viewpoint - Power Metallic Mines Inc. has executed a definitive agreement to acquire a 100% interest in 313 mineral claims totaling 167 km² from Li-FT Power Ltd, significantly expanding its land position and exploration potential in the Nisk Project Area [1][12]. Acquisition Details - The acquisition involves a cash payment of $700,000 and the issuance of 6,000,000 common shares, with specific hold periods for the shares [5]. - The acquisition will increase Power Metallic's land position by over 300% to approximately 212.86 km², securing significant strike lengths on both the northern and southern margins of the basin [1][12]. Exploration Potential - The Nisk-Lion-Tiger discoveries have established a new polymetallic district with considerable potential for additional deposits, which are globally rare but cluster at district and camp scales [2][3]. - The newly acquired land covers an additional 20 km of strike length along the northern margin and 30 km along the southern margin, identified as prospective through regional geophysics [3][4]. Drilling Program - Power Metallic has a fully funded 100,000-metre drill program planned through 2026, with initial drilling resuming in the Nisk-Lion-Tiger area [6][9]. - The company aims to systematically explore new sulphide occurrences while expanding established resources [9]. Strategic Insights - The consolidation of the Li-FT ground allows Power Metallic to apply geological insights across a district-scale footprint, enhancing the potential for discovering new deposits [9]. - The company is leveraging the expertise of its board and exploration team to maximize the value of the emerging polymetallic mineral district [9].
Panther Minerals Closes Debt Settlement
Thenewswire· 2025-06-07 00:30
Core Viewpoint - Panther Minerals Inc. has successfully completed a debt settlement agreement to address outstanding debts totaling CAD $14,785.71, enhancing its cash position for working capital purposes [1][2]. Group 1: Debt Settlement Details - The company issued 924,106 common shares at a deemed price of CAD $0.016 per share as part of the debt settlement [1]. - The shares issued are subject to a hold period of four months and one day, in accordance with National Instrument 45-105 – Prospectus Exemptions [1]. Group 2: Company Overview - Panther Minerals is engaged in mineral exploration, focusing on its North American project portfolio [3]. - The acquisition of the Boulder Creek option demonstrates the company's commitment to pursuing advanced and high-quality uranium projects that can be efficiently explored [3].
Integral Metals Announces Closing of Private Placement Offering
Globenewswire· 2025-06-06 22:07
Core Viewpoint - Integral Metals Corp. has successfully closed a non-brokered private placement offering of common shares, raising gross proceeds of US$400,000 at a price of US$0.70 per share [1][2]. Group 1: Private Placement Details - The private placement consists of common shares priced at US$0.70 each, resulting in total gross proceeds of US$400,000 [1]. - The net proceeds from the private placement will be allocated for expenditures on mineral exploration properties and general working capital [2]. - All securities issued under the private placement are subject to a hold period of four months and one day [2]. Group 2: Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to the development of a domestic supply chain for these minerals [4]. - The company holds properties in mining-friendly jurisdictions in Canada and the USA, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for its exploration efforts [4].
Pan American Energy Closes Debt Settlement Transactions
Globenewswire· 2025-06-06 21:57
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 06, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | FRA: SS60) (“Pan American” or the “Company”) announces, further to its news release of May 29, 2024, that it has issued, 205,841 common shares in the capital of the Company (the “Settlement Shares”), at a deemed value of $0.20 per Settlement Share, in full and final settlement of accrued and outstanding debt to certain c ...
Metalsource announces change of directors
Globenewswire· 2025-06-06 21:00
Company Overview - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets in Canada [2] - The company's objective is to locate and develop economic precious and base metal properties of merit [2] - The exploration program is focused on the Old Timer Property, located 17 km southeast of Nelson in the Nelson Mining Division of southern British Columbia [2] Recent Developments - James Rogers has resigned as a Director of Metalsource Mining Inc. [1] - The company expressed gratitude for Mr. Rogers' services on the Board and wished him well in future endeavors [1]