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Quest Critical Metals Announces Completion of Diamond Drill Hole Testing a Strong IP Anomaly in the Area of the Tisova-Klingenthal Cu-Co Deposit
Newsfile· 2025-09-19 21:43
Core Insights - Quest Critical Metals Inc has completed diamond drill hole testing at the Tisová-Klingenthal Cu-Co deposit, revealing promising results from a strong IP anomaly located below historic copper mine workings [1][2][4] - The historic sulphide zones in the Tisová Mine area have shown high grades, with up to 17.1% Cu, 0.69% Co, and 3.7 g/t Au [1][4] - The recent drilling program included two diamond drill holes, with the second hole intersecting significant mineralization, including 4.3 meters of mine stratigraphy with 1901 ppb Copper [2][3] Exploration and Methodology - The drill target was generated from a 2019 IP and resistivity survey, which was later reprocessed in 2024, confirming the IP anomaly [2][5] - The exploration project was part of the EU-funded Exploration Information System (EIS) project, aimed at developing innovative exploration concepts for critical raw materials [5] - A prospectivity model has been defined, indicating additional targets along the same stratigraphic horizon that require further exploration [6] Technical Review - The analysis of core samples was conducted by ALS Romania SRL, ensuring the technical content's credibility [3][7] - The second drill hole reached a depth of 479.5 meters, intersecting a zone interpreted as the main historically mined ore zone [2][3]
Surge Copper Announces Grant of Long-Term Equity-Based Incentive Awards
Globenewswire· 2025-09-19 20:45
Core Points - Surge Copper Corp. has granted long-term equity-based incentive awards, including 2,337,500 restricted share units (RSUs) to employees and executives, and 1,750,000 deferred share units (DSUs) to non-executive directors [1][2] - The RSUs will vest in equal annual installments over three years, while the DSUs will vest upon the holder's departure from the company [2] - Surge Copper Corp. is advancing a critical metals district in British Columbia, owning a large mineral claim package with multiple advanced porphyry deposits [3] - The company holds a 100% interest in the Berg Project, which has a Preliminary Economic Assessment (PEA) indicating an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [4] - The Berg deposit contains NI 43-101 compliant resources of copper, molybdenum, silver, and gold [4] - Surge Copper also owns the Ootsa Property, which contains advanced-stage exploration projects with NI 43-101 compliant resources of copper, gold, molybdenum, and silver [5]
Abcourt Exercises Option to Buy-Back 0.5% NSR Royalty and Increases Loan Financing with Nebari
Globenewswire· 2025-09-19 13:25
Core Viewpoint - Abcourt Mines Inc. has exercised its option to reduce the net smelter return royalty on its Sleeping Giant and Dormex properties from 2.0% to 1.5% through a cash payment of US$2,000,000, with the potential for further reduction to 1.0% by 2028 [1][2]. Group 1: Royalty Agreement - The royalty rate reduction of 0.5% was executed as part of a net smelter return royalty agreement with Maverix Metals Inc. [1] - Abcourt has the option to further reduce the royalty rate by an additional 0.5% for a payment of US$4,000,000 before September 22, 2028 [2]. Group 2: Loan Agreement - Abcourt has amended its credit agreement with Nebari Natural Resources Credit Fund II, LP, securing an additional loan of US$2,000,000, referred to as the Upsized Loan [3]. - The total amount borrowed from Nebari now stands at US$12,000,000, distributed in three tranches [4]. Group 3: Warrants Issuance - In connection with the Upsized Loan, Abcourt will issue 14,395,259 non-transferable warrants to the lender, each exercisable for one common share at an exercise price of $0.096 until July 3, 2028 [5]. Group 4: Management Commentary - The President and CEO of Abcourt expressed that reducing the NSR at the Sleeping Giant Mine aligns with the long-term strategy of the company [6]. - The Managing Director of Nebari highlighted their support for Abcourt in enhancing the value of the Sleeping Giant Mine amid favorable gold prices [6]. Group 5: Company Overview - Abcourt Mines Inc. is a Canadian development company focused on properties in northwestern Québec, including the Sleeping Giant mine and mill [7].
Sterling Metals Announces Exploration Agreement with Garden River First Nation
Accessnewswire· 2025-09-19 11:30
Core Viewpoint - Sterling Metals Corp. has entered into an exploration agreement with Garden River First Nation to foster a cooperative relationship regarding the Soo Copper project in Ontario [1] Group 1: Agreement Details - The exploration agreement was dated September 8, 2025, and aims to promote a respectful relationship concerning the 100%-owned Soo Copper project [1] - The agreement also covers any additional mining claims or properties that Sterling may acquire within the traditional territory of GRFN [1] Group 2: Company Statements - Mathew Wilson, President and CEO of Sterling, expressed satisfaction with the signing of the exploration agreement, highlighting it as a demonstration of the positive working relationship with GRFN [1]
[Video Enhanced] NexMetals Metallurgy Results Create a Potentially Quicker and Cheaper Pathway to Production
Thenewswire· 2025-09-11 12:30
Core Viewpoint - NexMetals Mining has achieved a significant metallurgical breakthrough at its Selebi Mines in Botswana, allowing for the production of both copper and nickel concentrates, which may reduce capital expenditures and operational complexities [1][3][4]. Company Overview - NexMetals Mining owns two previously-producing copper-nickel-cobalt mines in Botswana, a Tier 1 mining jurisdiction [1]. - The Selebi Mines were operational from 1980 to 2016, producing 40 million tonnes of ore before being placed in Care & Maintenance due to low metal prices and smelter issues [2]. Metallurgical Breakthrough - The metallurgical program has created the option to produce saleable copper and nickel concentrates without the need for an on-site smelter, leading to significant reductions in capital expenditure and operational complexity [3][4][9]. - Initial recoveries show a copper concentrate with a grade of 27.6% and an 87% recovery rate, while nickel concentrate has a grade of 10.5% with a 55.9% recovery rate [7][8]. Economic Context - The demand for critical metals, particularly copper, has surged due to the green energy transformation, with copper prices increasing by 92% over the last five years, from USD $2.36/lb to $4.50/lb [11]. - Botswana's economy, traditionally reliant on diamond exports, is looking to diversify through copper production, which is seen as a key area for job creation and economic growth [16][17]. Future Prospects - The results from the metallurgical advancements will be incorporated into an updated mineral resource estimate, expected to show significant improvements over previous estimates [19]. - The company has received substantial investment, with a $46 million equity financing round, indicating strong institutional interest in its assets [12].
Kingfisher Metals Reports 234 meters of 1.0% Copper Equivalent, within 558 meters of 0.64% CuEq at HWY 37 Project, Golden Triangle, British Columbia
Accessnewswire· 2025-09-10 09:30
Group 1 - Kingfisher Metals Corp. announced initial results from the 2025 drilling program at the HWY 37 Project [1] - The HWY 37 Project covers an area of 849 square kilometers and is located within the Golden Triangle region of British Columbia [1]
Blue Moon Metals Announces Closing of US$5 Million Private Placement and Initial US$12.5 Million Draw Under Bridge Loan from Hartree/Oaktree to Advance Flagship Nussir Project in Norway
Globenewswire· 2025-09-04 14:35
Core Viewpoint - Blue Moon Metals Inc. has successfully closed a US$5 million non-brokered private placement and received conditional approval for a bridge loan, marking the initial steps of a larger investment package aimed at advancing its Nussir Copper Project in Norway [1][2][3]. Group 1: Investment Details - The company has closed an Initial Equity Subscription of US$5 million with Oaktree, part of a potential US$20 million equity commitment [1][6]. - A bridge loan of US$25 million has been arranged, with the company having drawn US$12.5 million and eligible for a second installment of US$12.5 million upon meeting certain conditions [2][6]. - The total investment package could provide up to US$140 million to support the development of the Nussir Copper Project [3][5]. Group 2: Project Funding and Use of Proceeds - The initial capital from the bridge loan and equity subscription will fund early works and pre-construction activities, including engineering and procurement [5]. - The investment package includes a US$50 million senior secured term loan and a US$70 million redeemable precious metals stream, contingent on certain conditions being met by March 31, 2026 [5][6]. Group 3: Company Overview - Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, which is critical for the global economy [8]. - The company has established local infrastructure for its projects, which include roads and power [8].
Intrepid Metals Amends Property Agreements
Newsfile· 2025-08-29 20:20
Group 1: Agreements and Amendments - Intrepid Metals Corp. has entered into the CC Amendment to acquire 100% of Cave Creek's shares, extending cash payments to November 30, 2025, with an increased payment amount of $435,487.50 and issuance of 38,725 common shares and 220,000 warrants [1][3] - The Mesa Amendment restructures the work commitment for the Mesa Well Copper Property, requiring a total of $2 million in work to be completed by August 2027, eliminating yearly expenditure minimums, with additional cash payments and common shares to be issued upon TSXV approval [2][3] Group 2: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, with several drill-ready projects including the Corral Copper Project and the Mesa Well Project [4]
Intrepid Metals Corp. to Present at the Clean Energy Metals Virtual Investor Conference August 28th
GlobeNewswire News Room· 2025-08-26 19:50
Company Overview - Intrepid Metals Corp. is a Canadian company focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona [4] - The company has acquired or has agreements to acquire several drill-ready projects, including the Corral Copper Project, Tombstone South Project, and Mesa Well Project [4] - Intrepid is traded on the TSX Venture Exchange under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF" [4] Recent Developments - Ken Engquist, CEO of Intrepid, will present at the Clean Energy Metals Virtual Investor Conference on August 28, 2025 [1] - The conference will allow real-time interaction with investors, and an archived webcast will be available post-event [1] - Intrepid has acquired patented mining claims near the Ringo Copper-Gold Zone at the Corral Copper Property, located within 2 km of Ivanhoe Electric claims [7] Project Highlights - At the Corral Copper Project, Intrepid intersected 216.5m of 0.71% copper, 0.28 gpt gold, and 5.14 gpt silver, with a copper equivalent of 0.85% starting from 29m below the surface [7] - A notable section of the drill results included 49.10m of 1.84% copper, 0.78 gpt gold, and 11.41 gpt silver, translating to a copper equivalent of 2.20% [7] Event Information - The Clean Energy Metals Virtual Investor Conference will take place on August 28, 2025, at 3:00 PM ET, with opportunities for one-on-one meetings on August 29, September 2, and 3 [1][2]
VIDEO - CEO Clips CEO Clips - FireFly Metals: Advancing High-Grade Copper and Gold Projects in North America
Newsfile· 2025-08-20 16:00
Group 1 - FireFly Metals is focusing on high-grade copper and gold development at its Green Bay operation in Newfoundland, Canada [1] - The company is supported by a robust high-grade resource, established infrastructure, and strong access to capital [1] - FireFly Metals is advancing toward production with significant exploration potential to support future growth [1]