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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]
Newpath Resources Options Pat Ann Claims Adjacent to Alpha/Bravo
Newsfile· 2025-05-23 22:33
Core Viewpoint - Newpath Resources Inc. has optioned the Pat Ann claim group, expanding its exploration potential in Ontario, with a focus on lithium-bearing pegmatites and base metal mineralization [1][2]. Company Overview - Newpath Resources Inc. is a Canadian exploration company listed on the Canadian Securities Exchange under the symbol PATH, holding a 100% interest in the Alpha/Bravo critical metal exploration project [12]. Exploration Details - The Pat Ann claim group covers approximately 1,150 hectares and is contiguous to Newpath's Alpha-Bravo Property, creating a combined area of 13,100 hectares for exploration [1]. - The geological setting of Pat Ann shows potential for LCT pegmatites and copper-zinc mineralization, with mineralization traced over a minimum of 1.3 km [2][3]. - Historical exploration has indicated the presence of copper and zinc, with notable drill results including 0.82% Cu and 0.6% Zn over 0.76 m [5]. Financial Commitments - To exercise the option on Pat Ann, Newpath must incur total expenditures of $550,000, make cash payments totaling $532,000, and issue 500,000 common shares to the optionors [4]. - The payment schedule includes an initial cash payment of $8,000 already made, with further payments and expenditures required over the next three years [4]. Indigenous Relations - Newpath is committed to building transparent relationships with Indigenous communities, acknowledging the traditional territories where the Alpha/Bravo project is located [11].
Forte Minerals Announces Private Placement of up to C$2.4 Million
Globenewswire· 2025-05-23 13:00
“Not for distribution to United States newswire services or for dissemination in the United States.” VANCOUVER, British Columbia, May 23, 2025 (GLOBE NEWSWIRE) -- Forte Minerals Corp. (“Forte” or the “Company”) (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), intends to complete a non-brokered private placement (the “Offering”) to raise up to C$2,400,000 for drilling and exploration programs on the Company’s Peruvian projects and for general working capital, all as further outlined below. The Offering involves ...
Maxus Mining Grants Incentive Stock Options
Globenewswire· 2025-05-22 22:00
Group 1 - Maxus Mining Inc. has granted 850,000 stock options to its board members, management team, and a consultant, exercisable at $0.45 per share for two years [1] - The stock options are subject to a four-month hold period from the date of grant in accordance with Canadian Securities Exchange policies [1] - Maxus Mining Inc. is focused on mineral exploration, particularly the Penny Copper Project, and is evaluating opportunities to expand its operations [2] Group 2 - The Penny Copper Project spans approximately 3,122 hectares and has a history of exploration activity over the past 100 years [3] - Recent exploration work at the Penny Copper Project included rock sampling, with notable copper values recorded up to 2,388 ppm Cu [3]
Winshear Enters Earn-In Agreement on the Thunder Bay Gold Project, NW Ontario
Globenewswire· 2025-05-22 12:00
VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSXV: WINS) (‘Winshear’ or the ‘Company’) is pleased to announce that, subject to the approval of the TSX Venture Exchange (the ‘TSX-V’), it has entered into an agreement whereby the Company can earn a 100% interest in the 360km2 Thunder Bay Gold Project (‘TBGP’), located immediately Northeast of Thunder Bay (Map 1). Overview of the Thunder Bay Gold Project: Eastern extension of the Archaean age Shebandowan greenstone belt;Ve ...
NevGold Announces Upsize to C$5.5M Brokered Private Placement Financing
Globenewswire· 2025-05-22 12:00
“NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.” VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that, due to strong investor demand, it has agreed with Clarus Securities Inc. (the “Lead Agent”), as Lead Agent and sole bookrunner, on behalf of a syndicate of agents (the “Agents”), to increase the size of its previously announced $5,000 ...
Plato Gold Reports on First Quarter Results
Globenewswire· 2025-05-22 11:30
Financial Results - Plato Gold Corp. reported no income for the three months ended March 31, 2025, compared to an income of $513 million for the same period in 2024 [1] - The net loss for the three months ended March 31, 2025, was $29,969, while the net loss for the same period in 2024 was $52,664 [1] - The loss per common share remained at $0.00 for both periods, with a weighted average number of common shares outstanding increasing from 228,632,750 in 2024 to 230,665,717 in 2025 [1] Company Overview - Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Exchange, with projects located in Timmins, Ontario, and Santa Cruz, Argentina [3] - The Timmins project includes four properties: Guibord, Harker, Holloway, and Marriott, focusing on gold exploration [3] - In Argentina, the company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares with potential for gold and silver [4] Additional Projects - The Good Hope Niobium Project covers approximately 6,035 hectares in the Killala Lake Area and Cairngorm Lake Area Townships, targeting niobium [4] - The Pic River Platinum Group Metals (PGM) Project consists of 2,352 hectares near Marathon, Ontario, with claims contiguous to Generation Mining's Marathon PGM project [5]
Almadex Announces Early Repayment of Gold Loan
Globenewswire· 2025-05-22 11:30
Core Viewpoint - Almadex Minerals Ltd. announces the early repayment of a gold loan by Almaden Minerals Ltd., which will be settled through the delivery of gold bullion [1][2]. Group 1: Loan Details - The outstanding loan balance, including accrued interest and standby fees, is determined to be USD$5,194,354 [2]. - Almaden will repay the loan amount by delivering gold bullion of 99.99% purity, with the amount based on the prevailing gold price on the business day prior to the settlement date [2]. - The repayment is contingent upon Almaden receiving the final payment from the sale of its Rock Creek mill to Metals Exploration PLC, expected on or before August 31, 2025 [2]. Group 2: Security and Release - The loan amount is secured by a first lien on certain equipment related to the Rock Creek mill [3]. - Upon repayment, the security interest will be fully released and discharged [3]. Group 3: Company Overview - Almadex Minerals Ltd. is an exploration company with a large mineral portfolio in Canada, the U.S., and Mexico, resulting from extensive prospecting and deal-making [4]. - The company owns portable diamond drill rigs, allowing for cost-effective exploration drilling [4].