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Canadian Critical Minerals Announces $600,000 Flow-Through Financing
Newsfile· 2025-09-17 21:05
Group 1 - Canadian Critical Minerals Inc. (CCMI) announces a flow-through financing for gross proceeds of $600,000, consisting of 17,142,858 flow-through units priced at $0.035 per unit [1][2] - Each unit includes one flow-through share and one-half of a common share purchase warrant, exercisable at $0.05 per share for three years [1][2] - The financing proceeds will be allocated for exploration and development activities at the Bull River Mine project located near Cranbrook, B.C. [2] Group 2 - CCMI is primarily focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project, which contains 150 million lbs of copper [3] - The company also holds a 9% interest in XXIX Metal Corp., which owns the Thierry copper project in Ontario and the Opemiska copper project in Quebec [3]
Grid Battery Announces the Completion of the First Phase of its 2025 Fall Exploration Program for its British Columbia Gold-Copper Property
Thenewswire· 2025-09-17 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the first phase of its fall exploration program in British Columbia, focusing on gold and copper exploration in a region known for its mining potential [1][5][7]. Company Overview - Grid Battery Metals Inc. is a Canadian exploration company listed on the TSX Venture Exchange, primarily focused on high-value battery metals for the electric vehicle market [15]. - The company has acquired a 100% interest in 17 mineral claims covering approximately 27,525 hectares (about 275 km²) in North Central British Columbia [9]. Exploration Program - The initial exploration program was conducted on two of the five claim blocks, specifically the Jupiter and Starlight blocks, involving assaying, trenching, sampling, and geophysics [7]. - The exploration program aims to follow up on previous work and includes geochemistry across untested magnetic features, with detailed soil sampling and mapping planned for eight targeted areas [7]. Regional Context - The exploration area is strategically located near several promising projects, including NorthWest Copper Corp.'s Kwanika project, which intercepted 400 meters of 1.01% copper equivalent [5]. - The Mount Milligan mine, operated by Centerra Gold, has produced over 1.8 million ounces of gold and 742 million pounds of copper, highlighting the area's mining potential [10]. Historical Exploration Insights - Historical data indicates that the area has been minimally explored, with some recorded results showing anomalous gold levels in stream sediment sampling [11]. - The region is characterized by geological features conducive to porphyry copper-gold deposits, with significant occurrences along the Pinchi Fault [11][12]. Recent Developments - The company has dropped the Volt Canyon Lithium property from its exploration portfolio due to access difficulties and average initial sampling results [13]. - The Texas Springs Property, another asset, has shown promising lithium grades, with a Phase 1 exploration program yielding average lithium grades of 2010 ppm [16].
Pacific Empire Announces Private Placement
Newsfile· 2025-09-17 11:30
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company"), a copper-gold explorer based in British Columbia, announces its intention to complete a non-brokered private placement (the "Offering") consisting of the following:Hard Dollar Units: Up to 15,000,000 units ("Units") at a price of C$0.035 per Unit for gross proceeds of up to C$525,000. Each Unit will consist of one common share of the Company and one tr ...
Hercules Metals Intersects 81 m of 1.5% Copper Within 346 m of 0.66% Copper in First 2025 Drill Hole Completed at the Leviathan Porphyry System in Idaho
Newsfile· 2025-09-17 11:15
Hercules Metals Intersects 81 m of 1.5% Copper Within 346 m of 0.66% Copper in First 2025 Drill Hole Completed at the Leviathan Porphyry System in IdahoStrong hypogene enrichment intersected in first 220 m step-out; subsequent drilling designed to extend continuity southward, toward a significantly stronger MT anomalySeptember 17, 2025 7:15 AM EDT | Source: Hercules Metals Corp.Strong Start to 2025 Drill Campaign - HER-25-02, the first 2025 hole completed to target - a 220 m step-out northeast ...
Anglo American, Codelco sign deal to unlock $5bn from copper mines in Chile
Yahoo Finance· 2025-09-17 09:51
Core Viewpoint - Anglo American and Codelco have finalized a joint mining agreement to enhance copper production at their neighboring operations in Chile, Los Bronces and Andina, which is expected to significantly increase efficiency and output while minimizing capital expenditure [1][4]. Group 1: Agreement Details - The definitive agreement follows a memorandum of understanding signed in February 2025 and has received approval from both companies' boards [1]. - The transaction is projected to yield a pre-tax net present value increase of at least $5 billion (4.74 trillion pesos), to be evenly distributed between Anglo American Sur (AAS) and Codelco [2]. - Under the joint plan, copper production is expected to increase by 2.7 million tonnes over 21 years, with relevant approvals anticipated by 2030 [2]. Group 2: Operational Efficiency - The agreement aims to add 120,000 tonnes per annum of copper output at 15% lower unit costs compared to stand-alone operations, with minimal additional capital expenditure [3]. - The partnership will leverage efficiencies from coordinating adjacent resources and existing plant capacity and infrastructure [3]. Group 3: Leadership and Vision - Anglo American's CEO emphasized the importance of copper for the global energy transition and expressed pride in the collaboration with Codelco [4]. - Codelco's chairman highlighted the potential for maximizing the Andina-Los Bronces mining district's output without major investments, addressing the urgent need for critical minerals [5]. Group 4: Ownership and Independence - Each party will retain full ownership of its respective assets, including mining concessions and plants, and will continue to operate independently [6]. - Both parties maintain the freedom to pursue stand-alone projects, including underground resources, during the term of the joint mine plan [6].
Giant Mining Continues Engagement with RESPEC to Integrate 2024-2025 Drill Data and Breccia Body into Majuba Hill Copper-Silver-Gold Project 3D Model
Thenewswire· 2025-09-17 07:05
Core Insights - Giant Mining Corp. is advancing its Majuba Hill Copper-Silver-Gold Project by continuing its engagement with RESPEC Company LLC to integrate new drilling data into a 3D model, enhancing the project's geological understanding and potential [1][3][4] Engagement with RESPEC - RESPEC will incorporate drilling data from the 2024 and 2025 diamond core programs into the Majuba Hill project model, refining geological interpretations and guiding future drilling strategies [1][4] - The updated interpretation will help evaluate new target zones and improve the understanding of breccia body geometry, which is crucial for assessing copper mineralization [4][11] Strategic Impact - The integration of new data is expected to strengthen the technical foundation for the economic potential of the Majuba Hill project, highlighting new target zones amid increasing U.S. demand for secure supply chains [7] - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres, with existing infrastructure that provides significant cost advantages [7][15] Project Characteristics - The project has a history of production and has undergone approximately 89,395 feet of drilling, with a rough replacement value of USD 12.1 million [7] - Indications of a potentially large mineralized body of copper, silver, and gold exist, with expansion potential in all directions [7][15] Quality Assurance Measures - The company employs a robust QA/QC program for sample handling and analysis, ensuring high standards in data collection and integrity [8] Marketing and Awareness - Giant Mining has amended its advertising agreement with Gold Standard Media, increasing the total consideration to USD 550,000 for ongoing marketing services [10] - The company has also engaged Interactive Offers for digital marketing campaigns with an initial budget of USD 50,000 [13] Company Overview - Giant Mining focuses on advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals, driven by initiatives like the Green New Deal [14] - The Majuba Hill project is positioned to become a significant copper deposit, essential for meeting increasing demand [15]
Coal India, Hindustan Copper roll out ₹1 cr accident insurance for employees, enhanced ex gratia
BusinessLine· 2025-09-17 01:46
Group 1 - The government announced personal accident insurance coverage of ₹1 crore for regular employees and ₹40 lakh for contract workers of Coal India as part of a new corporate salary package [1][3] - The scheme covers 2.15 lakh regular employees and 44,000 contract workers, with no premium required from employees [3][4] - The ex gratia amount for mine accident fatalities has been increased from ₹15 lakh to ₹25 lakh, applicable to both regular and contract workers [5][6] Group 2 - The initiative is part of Coal India's 'We Care' program, emphasizing a commitment to employee welfare and support for families affected by accidents [5][6] - Coal India accounts for over 80% of domestic coal output, highlighting its significant role in the industry [6] - A new uniform has been introduced to promote a shared identity and safety culture among employees [6] Group 3 - Hindustan Copper Ltd (HCL) has also introduced a group personal accident insurance policy for its contractual workers, providing coverage of ₹20 lakh [7] - HCL's initiative includes comprehensive accident insurance coverage of ₹1 crore for all regular employees, reinforcing corporate identity through a common uniform [8]
Global Markets Cautious Ahead of FOMC, Drugmakers Pledge Billions in US Investment
Stock Market News· 2025-09-17 00:39
Group 1: Pharmaceutical Industry Investments - Major pharmaceutical companies are committing over $350 billion in U.S. investments by the end of the decade, driven by potential tariff threats from the Trump administration on imported medicines [2][8] - Eli Lilly and Company announced a $5 billion investment for a new manufacturing facility in Virginia, focusing on active pharmaceutical ingredients for advanced therapies, expected to create 2,450 high-wage jobs [3][8] - Other drugmakers like GSK, AstraZeneca, and Johnson & Johnson are also making multi-billion dollar investments in their U.S. operations [3] Group 2: Mining and Copper Production - Mitsubishi Corporation, through its stake in Anglo American Sur S.A., finalized a joint mine plan with Codelco for the Los Bronces and Andina copper mines, projected to unlock at least $5 billion in additional pre-tax value [4][5][8] - The joint venture is expected to yield an additional 120,000 tonnes of copper production annually over a 21-year period, starting in 2030, with shared economic benefits [5] Group 3: Data Center and AI Development - Keppel Corporation has partnered with Dell Technologies to collaborate on data centers and develop AI platforms across Asia, aiming to nearly double its data center capacity to 1.2 gigawatts within three to five years [9][8] Group 4: Market Trends and Economic Indicators - Asia-Pacific stock markets opened lower as investors adopted a cautious stance ahead of the U.S. FOMC policy decision, with declines in Australia's S&P/ASX 200, Japan's Nikkei 225, and South Korea's KOSPI [6][8] - Japan's August trade deficit narrowed to -¥242.5 billion, outperforming estimates, with exports declining by only -0.1% year-on-year, while imports decreased by -5.2% [7][8]
Barrick Mining (NYSE:GOLD) 2025 Conference Transcript
2025-09-16 15:52
Summary of Barrick Gold Corporation Conference Call Company Overview - **Company**: Barrick Gold Corporation - **Industry**: Mining, specifically gold and copper Key Points and Arguments 1. **Market Context**: The mining sector is experiencing volatility, with gold prices at record highs, emphasizing the importance of a long-term strategy over short-term gains [2][20] 2. **Financial Performance**: Barrick reported adjusted earnings of $0.40 per share, the strongest in over a decade, and ended the quarter with a net cash position, allowing for a dividend declaration of 15¢ [3][4] 3. **Reserve Growth**: Since the merger, Barrick has increased reserves per share by 29% in gold and 71% in gold equivalents, adding 111 million gold equivalent ounces through disciplined exploration at a cost of $10 per ounce [5][6] 4. **Shareholder Returns**: The company has returned nearly $7 billion to shareholders since the merger, with $753 million returned in the first half of the year alone through dividends and buybacks [6][7] 5. **Capital Strategy**: Barrick maintains a strong balance sheet while funding growth projects without raising equity or incurring new debt, contrasting with many mining companies that dilute shareholders [8][20] 6. **Growth Projects**: Key projects include: - **Pablo Viejo**: Plant expansion extending its life beyond 20 years [10] - **Goldrush**: Expected to ramp up to 400,000 ounces per year by 2028 [11] - **Lemoana**: Expansion funded by its own cash flows, aiming for 240,000 tons of copper per year [12] - **Ricoh Deck**: Projected to produce 240,000 tons of copper and 300,000 ounces of gold annually by 2028 [13] - **Fourmile**: Described as the greatest gold discovery of the century, with potential for significant resource expansion and high grades [14][16] 7. **Strategic Advantages**: Fourmile's location and metallurgy provide cost advantages and flexibility in processing, enhancing its potential as a tier one asset [18][20] 8. **Long-term Vision**: Barrick aims to build a standout mining company with sustainable returns and leverage to gold and copper, supported by disciplined capital allocation and exploration excellence [19][20] Additional Important Content - **Market Positioning**: Barrick positions itself as a peerless investment in gold and copper, with a resilient portfolio built for long-term success [10][20] - **Future Outlook**: The company believes there is significant upside ahead, with ongoing robust operating performance and a clear growth strategy [19][21]
Barrick Mining (NYSE:GOLD) 2025 Earnings Call Presentation
2025-09-16 14:50
Cautionary Statement on Forward-Looking Information… Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "target", "plan", "guidance", "ramp up", "on track", "project", "continue", "additional", "growth", "expand", "potenti ...