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US Takes 10% Stake In Alaska Miner Trilogy Metals
ZeroHedge· 2025-10-06 22:58
Core Insights - The U.S. government is investing $35.6 million in Trilogy Metals to secure a 10% stake, aimed at advancing the domestic cobalt supply chain and critical energy projects in Alaska [2][3][8] - The investment is part of a broader strategy by the Trump administration to counter China's dominance in the critical minerals sector, with previous investments in other companies like Lithium Americas Corp. and MP Materials Corp. [8] Company Overview - Trilogy Metals, a microcap mining company with a market cap of $343 million, focuses on strategic minerals including cobalt, copper, and gallium [2][9] - The company has mining claims in remote areas of Alaska and is involved in a joint venture with South32 Ltd. [7] Project Details - The Ambler Road project, which was previously rejected under the Biden administration, aims to connect a mining district rich in critical minerals [3][5] - The planned 211-mile (340-kilometer) road will facilitate access to significant mineral deposits and is expected to be environmentally sensitive [5][8] Market Reaction - Following the announcement of the U.S. investment, Trilogy Metals' shares surged over 150% in after-market trading [9] - Notable investor John Paulson holds an 8.7% stake in Trilogy through his investment fund [9]
Factbox-Trump administration pivots to buying stakes in critical sectors
Yahoo Finance· 2025-10-06 10:46
Core Insights - The Trump administration is shifting from traditional subsidies to direct equity stakes in companies to secure U.S. supply chains for critical minerals and semiconductors, aiming to reduce reliance on China [1] Group 1: Trilogy Metals Inc. - A 10% stake in Trilogy Metals Inc. was acquired as part of a $35.6 million investment to secure critical energy and mining projects in Alaska [2] - Trilogy Metals stock increased over 200% in premarket trading following the announcement [2] - The investment is linked to the Upper Kobuk Mineral Projects (UKMP) in Alaska, a joint venture with Australian miner South32 [2][3] Group 2: Critical Metals - Discussions are ongoing regarding an approximately 8% stake in Critical Metals, focusing on the Tanbreez rare earths deposit in Greenland [4] - This project is significant as it represents the largest rare earths project in Greenland [4] Group 3: Lithium Americas - A 5% stake was acquired in Lithium Americas, including a 5% stake in the Thacker Pass joint venture with General Motors [5] - The Thacker Pass lithium mine in Nevada is crucial for building a domestic supply chain for lithium, essential for electric vehicle batteries [5] Group 4: MP Materials - A stake of about 15% was acquired in MP Materials, which operates the only U.S. rare earths mine located in California [6] - The U.S. Department of Defense will become the largest shareholder in MP Materials, marking a significant investment in the critical minerals sector [7]
Chakana Provides Update to Shares for Debt Transaction
Newsfile· 2025-09-25 00:35
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Chakana Copper Corp. (TSXV: PERU) (FSE: 1ZX0) (the "Company" or "Chakana") announces that, further to its news release dated September 11, 2025, regarding the settlement of debt owed by the Company to certain directors, officers and consultants (the "Creditors") for management fees and services previously provided, it wishes to clarify the number of shares issued and the pricing disclosed in that release. The total debt outstanding to the ...
Resolution Minerals Raises $25.1m for Horse Heaven Project Expansion
Small Caps· 2025-09-18 02:27
Core Viewpoint - Resolution Minerals has secured $25.1 million in funding from high net worth and global institutions to accelerate exploration at the Horse Heaven project in the US, following early exploration success at the Antimony Ridge target [1] Group 1: Funding and Investment - The capital raising includes a cornerstone investment of $7.75 million from high-caliber local and international investor groups [2] - The capital raising is structured in two tranches, with the first tranche raising $18.4 million and the second tranche pending shareholder approval [3] - The placement shares are priced at $0.05 each, reflecting an 11.2% discount to the 15-day volume-weighted average price of $0.0563 [4] Group 2: Exploration and Development Plans - Proceeds from the funding will be used to advance drilling at Horse Heaven and explore downstream critical mineral processing initiatives [4] - The company is preparing to drill targets in and around dormant tungsten, gold, and antimony mines, and is seeking additional permits to expand its drilling program [6] - Resolution is also developing a Washington DC engagement strategy to become eligible for grants and support from US government organizations due to the project's critical minerals potential [6] Group 3: Market Positioning - The company aims to list on NASDAQ and compete with major US critical metals companies like Perpetua Resources and MP Materials [5]
Adelayde Announces Update to Private Placement
Newsfile· 2025-09-16 21:08
Core Points - Adelayde Exploration Inc. announced an update to its private placement to fund a gold drill program in Esmeralda County, Nevada [1] - Each Unit in the private placement will consist of one common share and one-half of a transferable share purchase warrant, with the warrant allowing the purchase of an additional share at $0.075 for five years [1] - The net proceeds from the financing will be allocated to the company's general working capital [1] Company Overview - Adelayde Exploration Inc. holds three lithium projects in Clayton Valley, Nevada, including the McGee lithium clay deposit with a resource estimate of 2,092,000 tonnes of lithium carbonate equivalent [3] - The company also owns the Clayton Ridge gold project in Esmeralda County, Nevada, along with antimony and tungsten projects in New Brunswick [3]
Grid Metals Corp. Receives Drill Permit for Falcon West Cesium Property
Accessnewswire· 2025-09-11 11:00
Core Insights - Grid Metals Corp. has received an exploration drill permit for its Falcon West Lithium/Cesium Property in Manitoba [1] - Drilling is scheduled to commence in September 2025 [1] Company Summary - The Falcon West property is 100% owned by Grid Metals Corp. [1] - The property is located approximately 110 km east of Winnipeg, Manitoba [1]
Canterra Minerals Defines Multiple Large-Scale Drill Targets from Property-Wide 3D IP Survey at the Buchans Project and Begins Discovery-focused Phase 3 Drilling
Globenewswire· 2025-09-03 11:01
Core Insights - Canterra Minerals Corporation has identified multiple large-scale, high-priority anomalies at its Buchans Project in Central Newfoundland through a deep-penetrating 3D Induced Polarization survey, indicating potential for significant mineral discoveries [1][4][5] Survey Results - The 3D IP survey defined five primary large-scale anomalies with geophysical signatures comparable to known mineralized zones, suggesting the presence of significant sulphide accumulations [5] - The survey successfully imaged the subsurface to depths of up to 800 meters, surpassing the limits of most historical exploration efforts [5] Drilling Program - Canterra has initiated Phase 3 of its fully funded 10,000-meter drill program, with 6,000 meters currently underway targeting the highest-priority IP anomalies [2][9] - New drill targets include Sandfill Deep, Clementine South, West Clementine, and Nu Area, each characterized by significant geophysical anomalies [10] Historical Context - The historic Buchans Mine was one of the world's highest-grade VMS deposits, producing 16.2 million tonnes at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, and 126 g/t Ag [5] Project Overview - The Buchans Project spans 95 km² and includes both the past-producing Buchans Mine and the undeveloped Lundberg deposit, which is characterized by near-surface stockwork sulphide mineralization suitable for open-pit development [12]
Glenstar Minerals Inc. Announces Closing of Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-26 16:25
Core Points - Glenstar Minerals Inc. has successfully closed a private placement financing of $3 million, issuing a total of 5,122,235 units at a price of $0.68 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.85 until August 26, 2027 [2] - The company plans to use the net proceeds for drilling and exploration activities at the Green Monster and Wild Horse properties, as well as for general administrative expenses [5] Group 1 - The private placement was conducted through Hampton Securities Limited, which exercised an over-allotment option to purchase additional units, resulting in total gross proceeds of $3,483,119.80 [1][2] - Glenstar paid a cash commission of 7% to the agent and granted non-transferable warrants to purchase 358,556 common shares at $0.68 per share until August 26, 2027 [3] - The offering was made under relevant prospectus and registration exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4] Group 2 - The company intends to allocate funds for specific activities, including drilling at the Green Monster Property and trenching at the Wild Horse Property [5] - The offering is part of the company's strategy to enhance exploration and development activities in its properties [5]
Critical One Announces Upsized Non-Brokered Private Placement
Globenewswire· 2025-08-18 20:53
Core Viewpoint - Critical One Energy Inc. announces an upsize to its non-brokered private placement due to strong investor interest in its Howells Lake Antimony-Gold Project, aiming to raise approximately CDN$3,000,000 by issuing up to 5,000,000 units at CDN$0.60 per unit [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CDN$1.00 for 18 months [2]. - The offering is scheduled to close on or about August 26, 2025, subject to regulatory approvals, and will have a hold period of four months and one day for the issued securities [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony-Gold Project, including verification drilling, permitting, strengthening the balance sheet, pursuing corporate strategies, and general working purposes [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5].
Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool
GlobeNewswire News Room· 2025-08-06 11:30
Core Viewpoint - Forte Minerals Corp. is enhancing its capital markets capabilities through strategic partnerships and the launch of an AI-powered investor platform, aiming to improve investor engagement and transparency [1][8]. Group 1: Strategic Partnerships - Forte has engaged Mills Dunlop Capital Partners (MDCP) for strategic advisory services, leveraging their expertise in complex mining transactions and capital markets [2][9]. - The company appointed Kevin Guichon from Port Guichon Strategic Advisory as the Investor Relations and Capital Markets Specialist, who will oversee investor outreach and capital market strategies [4][5]. - Guichon will receive C$4,000 per month and 200,000 stock options at C$0.80 per share for five years, subject to regulatory approval [6]. Group 2: AI-Powered Investor Platform - Forte has launched an AI-powered investor engagement platform in partnership with Versance.ai, providing instant access to regulatory filings and investor insights [11][15]. - The platform allows investors to ask questions and receive reliable responses, compare filings, and access information 24/7 in multiple languages [15]. Group 3: Corporate Update - The company has granted a total of 1,450,000 stock options to directors, officers, and consultants, exercisable at C$0.80 per share, expiring in five years [12]. - Forte Minerals Corp. focuses on high-quality copper and gold assets in Peru, emphasizing responsible resource development for long-term shareholder value [13].