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SAGA Metals Announces First Tranche Closing
Globenewswire· 2025-05-27 13:00
Core Viewpoint - SAGA Metals Corp. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,239,700.10, with plans to close the final tranche by June 25, 2025 [1][2]. Group 1: Financial Details - The first tranche generated $444,200.10 from 1,480,667 flow-through units priced at $0.30 each and $795,500 from 3,182,000 hard dollar units priced at $0.25 each [2]. - The company paid $31,710.01 in finder's fees and issued 108,616 finder's warrants, each allowing the purchase of one common share at $0.50 for 24 months [5]. Group 2: Securities and Use of Proceeds - The flow-through units consist of one common share and one transferable common share purchase warrant, with the warrant exercisable at $0.50 for 24 months [3]. - The gross proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining in Labrador, while the net proceeds from hard dollar units will be used for administrative and general working capital [7]. Group 3: Insider Participation and Regulatory Notes - Certain insiders acquired 442,000 hard dollar units for $110,500, which is classified as a related party transaction exempt from formal valuation and minority shareholder approval [8]. - The securities issued have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without exemptions [9].
Troubadour Resources Secures Government Approval with ATI Permit for Senneville Copper-Gold Project in Val-d'Or
Thenewswire· 2025-05-27 12:30
Core Viewpoint - Troubadour Resources Inc. has secured ATI drilling permits for its Senneville Copper-Gold Project in Val-d'Or, Quebec, enabling systematic exploration and targeted drilling programs in 2025-2026 [1][6]. Group 1: Permit Acquisition and Regulatory Compliance - The ATI (Amendment to the Technical Information) permits were granted by Ressources Naturelles et Forêts Quebec, allowing the company to conduct exploration work while addressing local and Indigenous community concerns [1][2]. - The ATI permits are valid for two years and can be renewed, providing flexibility for upcoming drill programs and follow-up exploration [3][6]. - The ATI authorization has been mandatory since May 6, 2024, ensuring transparency and community consultation for drilling activities [2][6]. Group 2: Exploration Plans and Historical Data - Troubadour plans to delineate high-priority drill targets at the Gustave Cere showing within the Senneville South Claim group, with historical assay results indicating significant gold presence [4][5]. - Historical grab samples from the area have yielded up to 49.5 grams/tonne (g/t) gold, with channel samples returning up to 6.5 g/t Au over 1.8 meters, and drill intercepts reporting up to 18.15 g/t Au over approximately 0.9 meters [4][5]. Group 3: Company Overview - Troubadour Resources Inc. is focused on the development of critical mineral and precious metal properties, with its flagship project being the Senneville Gold-Copper Project, which consists of 230 mineral claims totaling over 130 km² [7][8]. - The Senneville Project is strategically located within the Val d'Or Mining Camp, near significant deposits, enhancing its exploration potential [8].
Domestic Metals Announces Non-Brokered Private Placement and Change of CFO and Corporate Secretary
Globenewswire· 2025-05-27 12:00
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces a non-brokered private placement (the “Placement”) of up to 13,043,478 units (the "Units") at a price of $0.23 per Unit (the "Offering") for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company (a "Share") ...
Kenorland Expands Exploration Portfolio in Ontario and into New Brunswick
Newsfile· 2025-05-27 11:30
Core Viewpoint - Kenorland Minerals Ltd. has expanded its exploration portfolio by acquiring significant mineral claims in Ontario and New Brunswick, indicating a strategic move into underexplored regions with high potential for mineral discoveries [1][2]. Group 1: Acquisition Details - Kenorland has staked 125,430 hectares in the Kowkash Project located in Northern Ontario and 119,779 hectares in the Atlantic Project in Central New Brunswick, totaling 150,831 hectares [1][4]. - The company has also entered a purchase agreement to acquire a 100% interest in an additional 31,052 hectares adjacent to the Atlantic Project, valued at $174,440.76 [9][11]. Group 2: Project Descriptions - The Kowkash Project is situated in the Onaman-Tashota Greenstone Belt, characterized by low exploration maturity and potential for orogenic and volcanic hosted massive sulphide mineralization, including high-grade Au, Ag, Cu, and Zn [2][4]. - The Atlantic Project encompasses a segment of the Gander and Dunnage zones, known for various gold and polymetallic deposits, and is prospective for epithermal and VHMS mineralization styles [4][7]. Group 3: Exploration Strategy - Kenorland aims to apply a systematic approach to exploration, with plans for a regional geochemical sampling program during the 2025 summer field season at the Kowkash Project [2][4]. - The Atlantic Project area has seen limited historical exploration, presenting a unique opportunity for modern exploration techniques to uncover new mineral deposits [7].
Canstar Ramps Up Critical Minerals Exploration With Initial Payment from $11.5M Strategic Exploration JV
Globenewswire· 2025-05-27 11:25
Core Insights - Canstar Resources Inc. is advancing critical metals exploration in Newfoundland with an initial investment of $500,000 as part of an $11.5 million joint venture with VMS Mining Corporation [1][2] - The joint venture aims to discover high-grade polymetallic mineralization at the Buchans and Mary March projects, which are located in a historically significant mining area [1][2] Company Overview - Canstar Resources Inc. focuses on critical minerals and gold, with its projects including the 100%-owned Golden Baie Project and the Buchans and Mary March projects [15] - The Buchans and Mary March projects are situated in the Buchans-Roberts Arm Belt, known for its high-grade VMS systems [9][15] Joint Venture Details - Under the agreement, VMS Mining Corporation can earn up to 60% ownership through additional investments totaling $10 million in subsequent phases [3] - Canstar retains the right to participate pro-rata in future phases to maintain a significant ownership position [3] Exploration Strategy - The initial $500,000 investment allows Canstar to commence exploration activities immediately without the need for new share capital [2] - Key permits for trenching and airborne geophysics have been received, with a total Phase 1 investment of $1.5 million for a 10% stake in the joint venture [8] Historical Context - The Buchans District has a rich mining history, having produced 16.2 million tonnes of ore with high average grades of zinc, lead, copper, silver, and gold from the 1920s to the 1980s [9][10] - Canstar's Buchans Project is adjacent to historic mines, suggesting potential for similar deposits beneath its claims [10] Leadership and Expertise - VMS Mining Corporation is led by experienced professionals from notable mining companies, with a collective acquisition value exceeding $4.1 billion [4][5] - Dr. Harold Gibson, a recognized authority on VMS deposits, leads the exploration efforts, bringing over 40 years of expertise [6]
Q2 Metals Expands Major Lithium Zone at the Cisco Lithium Project: Hole 27 Drilled 179.6 Metres at 1.66% Li₂O, 58.0 Metres at 1.75% Li₂O, and 91.8 Metres at 1.81% Li₂O
Globenewswire· 2025-05-27 11:00
Highlights: Assay results from four (4) drill holes from the 2025 Winter Program at the Cisco Lithium Project with strong analytical results are reported herein, including: CS25-027: Three major intervals: 179.6 m at 1.66% Li2O; 58 m at 1.75% Li2O; and91.8 m at 1.81% Li2O. CS25-024A: Widest interval of 39.5 m at 1.16% Li2O.CS25-025: Widest interval of 29.0 m at 1.10% Li2O.CS25-026: Widest interval of 23.9 m at 1.46% Li2O. Assays for the 10 remaining drill holes from the winter program are pending. VANCOUVE ...
Apex Finalizes Drilling Plans for Critical Minerals and Gold at Jersey-Emerald
Newsfile· 2025-05-27 10:30
Core Viewpoint - Apex Resources Inc. is advancing its drilling plans for critical minerals and gold at the Jersey-Emerald Property, with an initial program of seven holes targeting minerals on Canada's Critical Minerals List [1][2]. Group 1: Drilling Plans and Targets - The drilling program will consist of approximately 955 meters, with the first two holes focused on zinc mineralization (including germanium and gallium), while the remaining five holes will target two zones of gold mineralization associated with bismuth, tellurium, tungsten, and molybdenum [1][2]. - Four of the seven drill holes are situated on the company's private land, facilitating the permitting process, and road access is available to most proposed sites [3]. Group 2: Potential and Historical Context - The Jersey-Emerald Property is noted for its potential to host additional deposits, with five gold and six tungsten zones identified, located near key transportation routes and historical mining sites [4][7]. - Historical drilling has revealed significant gold values, including 24.98 grams per tonne (g/T) over 10.2 meters in a previous drill hole [4]. Group 3: Other Projects and Strategic Location - Apex's flagship project, the Lithium Creek Project, is strategically located near Reno, Nevada, within proximity to major players in the lithium-ion battery supply chain, including the Tesla Gigafactory [6]. - The Lithium Creek Project encompasses extensive placer claims and naturally flowing lithium brine groundwater, indicating strong potential for lithium extraction [6].
Argyle Announces up to C$1 Million LIFE Offering
Newsfile· 2025-05-26 23:00
Core Points - Argyle Resources Corp. plans to complete an offering of up to 2,000,000 units at a price of C$0.50 per unit, aiming for gross proceeds of up to C$1,000,000 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with the warrant allowing the purchase of one share at C$0.55 for 24 months [1] - The offering will be conducted under the listed issuer financing exemption, allowing for no resale restrictions in most Canadian provinces [2] Financial Details - The offering is scheduled to close on or about June 6, 2025, and is subject to raising a minimum of C$750,000 [4] - Proceeds from the offering will be used for general working capital purposes [4] Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America [6] - The company holds a 100% interest in several silica projects in Québec and has options to acquire additional properties in Ontario and Nova Scotia [6] - Established in 2023, the company is headquartered in Calgary, Alberta [7]
Dolly Varden Announces Closing of the Acquisition of Hecla's Kinskuch Property
Newsfile· 2025-05-26 12:00
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the "Company" or "Dolly Varden") is pleased to announce that, further to its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest BC's Golden Triangle (the "Transaction"). The Kinskuch Property is adjacent to the Company's Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximatel ...
SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador
Globenewswire· 2025-05-26 06:00
Core Insights - SAGA Metals Corp. has announced additional drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, confirming the presence of a strong magnetic anomaly and extensive mineralization [1][8][12] Drilling Results - Key drill intercepts from holes HEZ-05 and HEZ-07 show high-grade mineralization, with notable samples reporting iron (Fe) grades up to 45.4%, titanium dioxide (TiO₂) up to 9.1%, and vanadium pentoxide (V₂O₅) up to 0.66% [2][3][7] - HEZ-07 reported a 20.2-meter intercept grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅, while HEZ-05 reported a 25.0-meter intercept grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅ [12][7] Geological Assessment - The assessment of drill holes HEZ-05 and HEZ-07 confirmed a consistent Ti-V-Fe relationship, with significant titanomagnetite content averaging over 25% in both holes [4][8] - Geological correlations indicate continuity of oxide layering down to a vertical depth of 300 meters, with massive to semi-massive oxide layers identified [5][10] Project Overview - The Radar Property, covering 24,175 hectares, is strategically located near Cartwright, Labrador, benefiting from excellent infrastructure [16][24] - The Dykes River intrusive complex has gained attention due to its extensive Ti-V-Fe rich layers, with a 20 km long exploration target identified [17][18] Future Exploration Plans - Following the successful results, SAGA Metals plans to expand exploration systematically, utilizing magnetic surveys and targeted drilling to further assess the 20 km strike extent of the oxide layering zone [14][15]