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Naughty Ventures Secures Strategic Land Position for Natural Hydrogen and Helium Exploration in Northwestern Ontario
TMX Newsfile· 2026-02-05 12:30
Core Viewpoint - Naughty Ventures Corp. has staked the Little Gull H2 Project, targeting natural hydrogen and helium in the Seagull Complex, positioning the company at the forefront of an emerging energy frontier [1][2]. Project Overview - The Little Gull H2 Project includes 286 mining cells covering 4,576 hectares, located approximately 100 km east-northeast of Thunder Bay, Ontario [2]. - The project is strategically located over ultramafic rocks of the Seagull Pluton, focusing on critical fault and fracture zones that may indicate the presence of valuable gases [4]. Geological Significance - The geological setting is conducive to the generation and entrapment of high-value gases, particularly natural hydrogen produced through the serpentinization process [6][11]. - The serpentinization process involves water reacting with magnesium- and iron-rich ultramafic rocks, leading to the release of hydrogen gas [11]. Industry Context - The Little Gull project area is gaining attention due to recent operational milestones in the vicinity, including successful drilling results from neighboring properties [5]. - The convergence of historical gas hits and recent drilling successes enhances the project's potential as a high-conviction investment, especially in the context of global decarbonization efforts [9]. Company Strategy - The acquisition of the Little Gull H2 Project is seen as a low-cost addition to the company's existing natural hydrogen portfolio, increasing its exposure to the natural hydrogen sector [8]. - Naughty Ventures is focused on acquiring and developing mineral assets with strong value potential while pursuing strategic transactions in the market [9].
Abitibi Metals Delivers Significant Increase in B26 Mineral Resource, Advancing to 13.0 Mt Indicated at 2.1% CuEq and 12.3 Mt Inferred at 2.2% CuEq
TMX Newsfile· 2026-02-05 12:00
Resource Expansion Highlights:Indicated Resources Expand to a meaningful 13 Mt (+14% vs. 2024 MRE):Indicated resources grade at 1.2% copper ("Cu"), 1.2% zinc ("Zn"), 0.44 g/t gold ("Au") and 30.8 g/t silver ("Ag") or 2.1% copper equivalent ("CuEq") or 2.8 g/t gold equivalent ("AuEq")Indicated resources contain 340 million pounds ("Mlbs") Cu, 332 Mlbs Zn, 184 thousand ounces ("koz") Au and 12.8 million ounces ("Moz") Ag or 595 Mlbs of CuEq or 1.2 million ounces ("Moz") AuEq.Inferred Resources Grow Significa ...
Powermax Minerals Reports Phase 2 Stream Sediment Assay Results from Cameron Rare Earth Element Project, British Columbia
TMX Newsfile· 2026-02-05 11:00
Core Insights - Powermax Minerals Inc. announced positive assay results from stream sediment samples collected during the Phase 2 exploration program at its Cameron Rare Earth Element (REE) Project in British Columbia, indicating significant rare earth element values across multiple drainage catchments [1][2]. Group 1: Assay Results - Phase 2 stream sediment sampling revealed anomalous values of light rare earth oxides (LREO), heavy rare earth oxides (HREO), and total rare earth oxides (TREO), confirming the effectiveness of stream sediment geochemistry for identifying REE mineralization [2][3]. - The assay results showed LREO ranging from 178.6 ppm to 47,980.5 ppm, HREO from 49.0 ppm to 9,537.3 ppm, and TREO from 227.7 ppm to 57,517.8 ppm, indicating a broad range of elevated values [10]. Group 2: Geological Implications - Several drainage systems exhibited coherent multi-element REE anomalies, suggesting proximal bedrock sources and highlighting priority target areas for further geological mapping, soil sampling, and potential trenching or drilling [3][4]. - The consistently high eTh/K ratios (>10) support the presence of Th-rich accessory minerals, indicating the likelihood of unexposed or under-sampled REE-bearing source rocks within the catchment [3]. Group 3: Company Overview - Powermax Minerals Inc. is a Canadian mineral exploration company focused on advancing rare earth element projects, holding options to acquire multiple REE properties in British Columbia and Ontario, totaling approximately 3,439 hectares [8].
Osisko Metals Launches Deep Porphyry Exploration Project ("DPEX") and Confirms 852 Metres Averaging 0.95% CuEq at Historic Porphyry Mountain Deposit
Globenewswire· 2026-02-05 11:00
Core Viewpoint - Osisko Metals Incorporated is initiating a re-evaluation of the Gaspé Copper Project's Porphyry Mountain deposit, aiming to outline an NI 43-101 Inferred Mineral Resource Estimate by the end of 2026 through a new deep drill program and re-analysis of historical data [1][6]. Group 1: Project Overview - The Deep Porphyry Exploration Project (DPEX) will include a new deep drill program and re-assaying of historical drill core to assess the potential of the Porphyry Mountain deposit [2][6]. - The Porphyry Mountain deposit was discovered in 1994 and is located approximately 1100 meters northeast of the Gaspé Copper Mountain pit [8]. Group 2: Historical Data and Results - Re-assayed historical core from drill hole DDH 30-0943 returned 852.0 meters averaging 0.70% Cu, 2.92 g/t Ag, and 0.062% Mo, confirming previous results [4][6]. - Historical drilling indicates that the deposit remains open at depth, with many holes stopping in mineralization [5][8]. Group 3: Future Plans and Expectations - The DPEX program aims to establish the true depth and full potential of the Porphyry Mountain deposit, with a maiden Inferred MRE expected by the end of 2026 [6]. - The company anticipates significant depths for the updated GCP Copper Mountain open pit, potentially allowing future access to the deeper DPEX Porphyry Mountain deposit [6]. Group 4: Company Background - Osisko Metals focuses on the critical metals sector, particularly copper and zinc, and acquired a 100% interest in the Gaspé Copper mine in July 2023 [15]. - The Gaspé Copper mine hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq [15].
Sorrento Resources Receives Permit to Drill Rodgers Cove Gold Project
TMX Newsfile· 2026-02-05 10:30
Core Viewpoint - Sorrento Resources Ltd. has received the necessary permit to commence drilling at its Rodgers Cove Gold Project in Newfoundland and Labrador, indicating a significant advancement in its exploration efforts [1][2]. Group 1: Project Development - The company plans to mobilize the drill rig from its Bottom Brook Project to Rodgers Cove immediately after completing the Bottom Brook drilling program [2]. - The upcoming drilling campaign at Rodgers Cove is expected to involve approximately 1,500 to 2,000 meters of diamond drilling aimed at testing priority targets and advancing the project [2]. Group 2: Management Commentary - Alex Bugden, President and CEO of Sorrento, expressed enthusiasm about receiving the permit, stating it allows the company to initiate drilling at Rodgers Cove and build on its exploration momentum [3]. Group 3: Company Overview - Sorrento Resources Ltd. is focused on the acquisition, exploration, and development of mineral property assets in Canada, with a goal to locate and develop economic precious and rare earth element properties, including the Bottom Brook Project, Rodgers Cove Gold, and Harmsworth (VMS) project, all situated in Newfoundland [3].
New Earth Resources Announces Plans for Airborne Geophysics Surveys on its Red Wine Rare Earth Elements Project
Globenewswire· 2026-02-05 08:05
Core Viewpoint - New Earth Resources Corp. has initiated planning for airborne geophysics surveys as part of the preliminary exploration program at its Red Wine Rare Earth Elements project in Newfoundland and Labrador [1]. Group 1: Project Overview - The Red Wine Project spans approximately 1,575 hectares and is located in the Central Mineral Belt of Labrador, primarily underlain by the Red Wine Complex lithologies, which are believed to have high potential for hosting rare earth element (REE) mineralization [4][10]. - The project area has a documented history of REE-bearing minerals and has been the target of exploration programs since the 1970s, revealing multiple discoveries of REE and associated commodities [5][10]. Group 2: Survey Details - The planned airborne geophysics surveys will utilize efficient 50-meter flight lines to gather data on geological characteristics and radioactive element anomalies, specifically uranium (U) and thorium (Th) [2][3]. - The company will conduct a magnetic survey to collect information on geological features and a radiometric survey to explore correlations between radioactive elements and REE target mineralization [3]. Group 3: Company Commitment - The exploration program reflects the company's commitment to advancing the Red Wine Project through systematic, data-driven approaches, aiming to leverage historical data and modern techniques to maximize the project's REE potential [4].
Beyond Lithium Announces Name Change to Beyond Minerals Inc. and Welcomes Lawrence Tsang to its Board of Directors
TMX Newsfile· 2026-02-05 01:07
Core Viewpoint - Beyond Lithium Inc. is changing its name to Beyond Minerals Inc. to better reflect its expanded focus on critical minerals exploration, including rare earths, effective February 6, 2026 [1][3]. Group 1: Name Change Details - The name change was approved by shareholders during the annual general and special meeting on December 18, 2025, and the amendment was filed on January 29, 2026 [3]. - The company's stock symbols will remain unchanged, and there will be no consolidation of share capital, meaning existing share certificates will not be affected [4]. - The company's website domain will change to www.beyondminerals.ca as part of the rebranding [3]. Group 2: Management and Board Changes - Lawrence Tsang has been elected as a new director and is currently the President and CEO of Pluto Ventures Inc., with over 15 years of experience in the mining and metals industries [5][6]. - Tsang's expertise includes gold, silver, and base metals exploration, and he has been involved in various projects from early exploration to development [6]. Group 3: Company Overview - Beyond Minerals Inc. focuses on critical minerals exploration, with projects including the Ear Falls spodumene-bearing pegmatite project in Ontario and two exploration projects in British Columbia targeting rare earths and base metals [7]. - The company aims to expand its portfolio through staking, acquiring, or optioning additional properties and is seeking potential joint venture partners for non-dilutive working capital [7].
Metalite Announces Upsizing of Private Placement to up to $700,000
TMX Newsfile· 2026-02-04 23:09
Core Viewpoint - Metalite Resources Inc. is increasing its non-brokered private placement due to strong investor demand, raising total gross proceeds from $465,000 to $700,000 [1] Private Placement Details - The private placement will consist of units priced at $0.15 each, with each unit comprising one common share and one-half of a common share purchase warrant [4] - The warrants will allow holders to purchase one common share at a price of $0.25, with an expiry date two years from issuance, subject to acceleration if the share price exceeds $0.50 for ten consecutive trading days [4] Debt Settlement - Concurrently, the company plans to settle $352,842 of debt by issuing 2,352,277 common shares at a deemed price of $0.15 per share [2] - The debt settlement is part of a strategy to manage obligations to senior management and advisors [2] Closing Timeline - The private placement and debt settlement are expected to close around February 9, 2026 [3] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [6] Shareholder Approval - Due to the issuance exceeding 100% of the currently outstanding common shares, shareholder approval is required before the issuance of certain shares and warrants [6] - The company intends to obtain this approval through written consent from a majority of shareholders [6] Insider Participation - Certain insiders are expected to participate in the private placement, which is classified as a related party transaction [7] - The company will rely on exemptions from formal valuation and minority approval requirements, as the participation does not exceed 25% of the company's market capitalization [7] Company Overview - Metalite Resources Inc. is a Canadian junior mineral exploration issuer focused on precious metals projects in New South Wales, Australia [8]
Hertz Energy Announces Grant of Stock Options
TMX Newsfile· 2026-02-04 21:15
Group 1 - Hertz Energy Inc. has granted 1,000,000 stock options to its directors, officers, employees, and consultants, subject to regulatory approval [1] - The stock options are exercisable for a period of 2 years at a price of $0.35 per share and vest immediately [1] - The options are granted in accordance with the Company's stock option plan [1] Group 2 - Hertz Energy is a junior exploration company based in British Columbia, focused on the acquisition and exploration of energy metals mineral properties [2] - The Company's lithium exploration projects include the AC/DC and Agastya Lithium Projects located in James Bay, Québec [2] - Hertz Energy also owns the Harriman Antimony Project in the Gaspé Region of Quebec and the Lake George Antimony-Tungsten Project in New Brunswick, contributing to its growing property portfolio [2]
Grizzly Mobilizes IP Crew to the Sappho Critical Minerals Target Greenwood, British Columbia Precious and Battery Metals Project
TMX Newsfile· 2026-02-04 14:00
Core Viewpoint - Grizzly Discoveries Inc. is initiating an Induced Polarization (IP) program at the Sappho Critical Minerals Target in early 2026, following promising results from previous surface sampling and historical drilling, amid rising metal prices for critical minerals [1][3]. Group 1: Exploration and Results - The Sappho area is being targeted for copper-gold skarn and porphyry type deposits, associated with a Jurassic alkalic intrusive complex and younger diorite intrusions [3]. - Five new showings of copper oxide mineralization were discovered during the 2022 program, with significant anomalous results for copper, gold, silver, platinum, and palladium from previous sampling and drilling [3][4]. - Historical drilling in 2010 yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd, and 6.57 g/t Ag over a 6.5 m core length, with higher-grade zones associated with >1% Cu [4]. Group 2: Geological Setting and New Discoveries - The geological setting includes the East Fault Contact of the Toroda Graben, with various intrusions into intermediate-mafic volcanics, influencing mineralization in the area [5]. - Five new sulphide showings were identified in 2022, with four yielding rock grab samples containing >1% Cu, with the highest sample reaching 7.25% Cu [5]. - A total of 17 rock grab samples returned values >1% Cu, with some samples also showing anomalous levels of Au, Ag, Pt, and Pd [5]. Group 3: Future Plans and Ongoing Work - The company plans to conduct three lines of IP before commencing drilling, which is expected to start around mid-February 2026 [1]. - Surface exploration continues in the Greenwood area, with ongoing work including soil and rock sampling across multiple target areas [6]. - Additional groundwork, including geophysical surveys, is planned for the Sappho, Midway, and Motherlode areas [6].