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Colibri Announces Debt Conversion
TMX Newsfile· 2026-01-29 19:39
Dieppe, New Brunswick--(Newsfile Corp. - January 29, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that, further to its news release of October 17, 2025, it has completed the conversion of $600,995 of debt to units of the Company (the "Debt Conversion"). Of the amount converted, $505,995 represents the principal amount and interest accrued of certain debentures which had matured in August 2025. The remaining $95,000 represents amounts owed to two arm's ...
Delta Resources Options Delta-2 Project in Quebec to Troilus Mining Corp. - $8.25M and 1% NSR To Be Paid Over 3 Years If Option Fully Exercised
TMX Newsfile· 2026-01-29 18:58
Core Viewpoint - Delta Resources Limited has entered into an agreement with Troilus Mining Corp. for Troilus to acquire a 100% interest in Delta's Delta-2 mineral claims, which is subject to regulatory approvals [1] Group 1: Agreement Details - The Delta-2 property consists of 405 mineral claims covering approximately 21,783 hectares in a well-established mining district known for significant gold and base-metal deposits [2] - Under the Option Agreement, Troilus can earn a 100% interest in the Delta-2 Claims by making total payments of $8.25 million over an option period ending on December 15, 2028 [5][10] - Key payment milestones include an initial payment of C$500,000 in cash and additional staged payments totaling C$7.25 million through December 15, 2028 [9][10] Group 2: Strategic Rationale - The agreement is seen as a strong outcome for Delta shareholders, allowing the company to realize near and medium-term value while retaining long-term upside through a royalty interest [3] - Delta will retain a 1.0% net smelter return (NSR) royalty on the Delta-2 Claims, with 50% of this royalty available for repurchase for CAD$500,000 [6] - Troilus will act as the operator during the Option Period, funding all exploration activities while Delta retains ownership of the claims until the option is fully exercised [6] Group 3: Financial Implications - The transaction is expected to provide Delta with non-dilutive cash and share consideration, strengthening its financial position and allowing management to focus on the Delta-1 Gold Property in Ontario [4] - The initial payment of C$2.5 million in 2026 is anticipated to underpin the business for the next three years, providing meaningful investment capital to advance Delta-1 [5] Group 4: Project Location and Context - The Delta-2 Project is located in Québec's Abitibi Greenstone Belt, an established mining jurisdiction with excellent infrastructure and community support for responsible mineral development [11] - Delta Resources Limited is focused on its Delta-1 project in Ontario, where it has discovered a significant gold deposit, further enhancing its exploration and development prospects [13]
Silver Spruce Appoints Vice-President of Exploration
Accessnewswire· 2026-01-29 17:45
Silver Spruce Appoints Vice-President of Exploration ELEMENT--[Back to the Newsroom]# Silver Spruce Appoints Vice-President of ExplorationBEDFORD, NS / [ACCESS Newswire]/ January 29, 2026 / Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") (TSXV:SSE) is pleased to announce the appointment of Paul K. Smith, P.Geo., as Vice-President of Exploration, effective immediately. He is a Qualified Person under NI 43-101.Mr. Smith (P. Geo.) is a graduate of Acadia University ('73, '76) in Nova Scotia an ...
Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters’ Option
Globenewswire· 2026-01-29 14:47
Core Viewpoint - Li-FT Power Ltd. has successfully closed its previously announced offerings, raising approximately C$48.1 million in gross proceeds, which includes the full exercise of underwriters' options [2][3] Group 1: Offerings Details - The offerings included the sale of 3,876,000 flow-through subscription receipts at a price of C$6.88, generating gross proceeds of C$26,666,880, and 2,209,300 non-flow-through subscription receipts at a price of C$4.30, generating gross proceeds of C$9,499,990 [8] - Additionally, 775,200 flow-through common shares were sold at a price of C$6.45 for gross proceeds of C$5,000,040, and 1,627,800 non-flow-through common shares at the same non-flow-through issue price generated gross proceeds of C$6,999,540 [8] Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through subscription receipts will be used for eligible Canadian exploration expenses related to the Adina-Galinée property in Quebec, with a deadline of December 31, 2027 [5] - Proceeds from the sale of non-flow-through subscription receipts will be allocated towards the Adina-Galinée property and general corporate purposes [5] - The gross proceeds from the sale of flow-through shares will be directed towards qualifying expenditures on the Yellowknife Lithium Project and other exploration properties, also with a deadline of December 31, 2027 [6] Group 3: Underwriters and Commissions - The offerings were led by Canaccord Genuity Corp. as the lead underwriter, with a cash commission of 5.0% of the gross proceeds paid to the underwriters, except for certain purchasers on a president's list [3] Group 4: Insider Participation - Certain directors and officers of the company participated in the offerings, which constituted a related party transaction, exempt from formal valuation and minority shareholder approval requirements [10]
Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters' Option
Globenewswire· 2026-01-29 14:47
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce the closing of its previously announced offerings (the “Offerings”) outlined in its joint press release with Winsome Resources Limited (“Winsome”) issued on December 15, 2025 (Perth, Australia time) (the “Initial Press Release”) and its press ...
MineralRite Corporation Announces Execution of Arizona State Land Department Mineral Lease to Support Next Phase of Development Work
TMX Newsfile· 2026-01-29 14:10
Dallas, Texas--(Newsfile Corp. - January 29, 2026) - MineralRite Corporation (OTCID: RITE) ("MineralRite" or the "Company") today announced that its wholly owned subsidiary, Peeples, Inc., has executed a Common Variety Mineral Materials Lease with the Arizona State Land Department covering approximately 377.11 acres of State trust land in Yavapai County, Arizona.The lease was executed on January 26, 2026, and is a successor to a prior lease covering the same property. The stated term of the lease commenced ...
Globex: Brief Updates
Globenewswire· 2026-01-29 14:00
TORONTO, Jan. 29, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide brief updates to shareholders on recently reported mineralized intersections from two drill campaigns undertaken on properties under option from Globex in New Brunswick. Shareholders are advised to ...
GoldHaven Defines Property-Scale Porphyry-Related Zonation at Magno, Highlighting Copper, Silver, Tungsten and Critical-Mineral Potential
Globenewswire· 2026-01-29 13:30
Core Insights - GoldHaven Resources Corp. has reported significant findings from its Magno Project, indicating a classic porphyry-related metal zoning pattern that supports an intrusion-driven mineral system with various metal targets [1][11] Geological Setting & Project Rationale - The Magno Property is situated in a favorable geological setting with Cretaceous-age granitic intrusions near major thrust faults, which are typically associated with porphyry and skarn mineral systems [3] - Historical occurrences of silver-lead-zinc and tungsten have been identified, along with structurally controlled molybdenum-copper porphyry stocks, suggesting a broader intrusive "plumbing system" within the Cassiar mineral belt [3] Key Metal Results - The highest grades of silver, lead, and zinc were found at the Magno and D Zones, confirming strong replacement-style mineralization [4] - Zinc anomalies were recorded at Kuhn (up to 13.8% Zn) and Dead Goat (up to 8.37% Zn), while copper values reached up to 6,660 ppm at Magno, marking the highest copper value sampled within intrusive rocks on the property [4] - Tungsten mineralization at Kuhn and Dead Goat supports a high-temperature skarn and porphyry-related fluid system, with localized gold mineralization found in proximity to copper-silver zones [4] Mineral Zonation & Genetic Interpretation - The mineral zonation at Magno follows a classic porphyry-related distribution, transitioning from proximal Cu-Au-Ag to distal Ag-Pb-Zn mineralization [9] - High bismuth (up to 10,000 ppm) and tellurium (up to 67 ppm) values indicate structural fluid pathways and high-temperature vectors, reinforcing the project's potential for critical minerals [8][5] Comparison to Other Mining Systems - The zonation pattern at Magno is comparable to major polymetallic systems like Morococha, Peru, and shares similarities with Coeur Mining's Silvertip Mine, indicating a potentially larger and more diverse mineral system [10] Next Steps - The company plans to utilize the expanded dataset to refine 3D geological and metal-zonation models, prioritize various mineral targets, and advance toward drill targeting and permitting at the Magno Project [12] Project Overview - The Magno Project spans 36,973.29 hectares in the Cassiar region of British Columbia, benefiting from excellent road access and infrastructure [13] - It is strategically located near mineral claims held by established operators, enhancing its logistical advantages for future development [14]
Nordique Announces Change in CEO and Director
Thenewswire· 2026-01-29 13:00
Core Viewpoint - Nordique Resources Inc. has appointed James Hocking as the new CEO and director, succeeding Sharyn Alexander who has resigned to pursue other opportunities [1][3]. Group 1: Leadership Change - James Hocking brings over 20 years of experience in the resources sector, with a background in equity capital markets, mergers and acquisitions, and commercial development [2]. - Hocking previously held senior roles at BHP Group, where he led commercial initiatives for major mining and infrastructure operations [2]. - The company expresses gratitude to Sharyn Alexander for her contributions and wishes her well in her future endeavors [3]. Group 2: Company Overview - Nordique Resources Inc. is a Canadian mineral exploration company focused on high-potential opportunities in tier one jurisdictions [4]. - The company's flagship asset is the Isoneva Project in central Finland, which is under option from Gemdale Gold Inc., along with the early-stage Fairview Project in British Columbia [4]. - Nordique aims to create significant shareholder value through modern, data-driven exploration and strong local partnerships [4].
Greenridge Provides Update on 2025 Athabasca Basin Region Exploration Activities
Globenewswire· 2026-01-29 13:00
Core Insights - Greenridge Exploration Inc. has provided an update on its uranium and critical metals exploration activities in the Athabasca Basin region of Saskatchewan, Canada, for the year 2025 [1][2]. Exploration Activities - In 2025, the company conducted an extensive exploration program across six projects in northern Saskatchewan, utilizing advanced technologies to create a robust geological dataset for future drilling initiatives [2]. - The exploration team, contractors, and partners were commended for their dedication and expertise, with plans to advance results into the 2026 field season [2]. Project Summaries Hook-Carter Uranium Project - The Hook-Carter project consists of 11 claims covering 25,115 hectares and is located approximately 147 kilometers northeast of La Loche, SK [5]. - It is interpreted to host the northeastern strike extension of the Patterson Lake Corridor, which includes significant uranium deposits [5]. - Greenridge holds a 20% interest in Hook-Carter, with an option to increase to 25% by spending $3 million on exploration by November 2026 [6]. - A moving loop time-domain electromagnetic survey was completed in fall 2025, enhancing target resolution and validating previous interpretations [6][7]. Carpenter Lake Uranium Project - Carpenter Lake consists of 12 mineral claims covering approximately 18,680 hectares, with Greenridge owning 60% and acting as the operator [8]. - The project lies along the Cable Bay Shear Zone, a major geological structure that remains underexplored [9]. - In September 2025, eight diamond drill holes were completed, totaling 1,368 meters, intersecting prospective lithologies for uranium mineralization [10]. - Anomalous radioactivity was detected in three of the eight drill holes, indicating potential uranium-bearing fluids mobilized along the CBSZ [11]. Sabre Uranium Project - The Sabre project comprises 39 claims totaling 23,178 hectares, located approximately 30 kilometers west of Stony Rapids, SK [12]. - A deep-penetrating MobileMT airborne electromagnetic survey was conducted in spring 2025, covering 1,536 line kilometers [13]. - The results are being integrated into a 3-D model to assist in identifying new target zones [13][14]. McKenzie Lake Uranium Project - McKenzie Lake consists of three mineral claims covering approximately 5,766 hectares, 100% owned by Greenridge [15]. - An airborne electromagnetic survey was conducted in 2025, mapping a major fault zone and discrete conductive zones [17]. - The project has an active exploration permit valid until March 31, 2027 [19]. Bradley Lake Uranium Project - Bradley Lake consists of a single mineral claim of 1,147 hectares, 100% owned by Greenridge [20]. - Historical uranium showings have been documented, with grades in outcrop samples reaching up to 3.53% U3O8 [20]. - An airborne survey in 2025 provided high-resolution EM data, detecting a conductive zone associated with known uranium-bearing zones [21][22]. Flying Vee Nickel Project - The Flying Vee project consists of five mineral claims totaling 9,036 hectares, located approximately 25 kilometers north of Stony Rapids, SK [23]. - An airborne survey in 2025 detected conductive zones coincident with mineral showings, and radiometric data was collected to map the potential extent of the Day Lake gold showing [24][25]. - The project has an active exploration permit valid until March 31, 2028 [25]. Company Overview - Greenridge Exploration Inc. is a mineral exploration company focused on creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada [29]. - The company owns or has interests in 23 projects covering approximately 269,246 hectares, with significant exposure to potential uranium, nickel, copper, and gold discoveries [29][30].