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Critical Metals Corp Announces Gross Proceeds of $2MM USD from the Exercise of Warrants Priced at $5.00 USD from Institutional Fund
Globenewswire· 2025-05-29 12:56
Core Viewpoint - Critical Metals Corp has exercised outstanding warrants to purchase 400,000 ordinary shares at an exercise price of $5.00 per warrant, generating approximately $2 million in gross proceeds, which will be used to advance its critical mineral projects in Greenland and Europe [1][2][3]. Group 1: Financial Actions - The company exercised warrants for 400,000 shares, resulting in gross proceeds of about $2 million [1]. - The exercise of warrants led to the removal of restrictions on an additional 1,200,000 ordinary shares [1]. Group 2: Project Development - The net proceeds from the warrant exercise will primarily support the development of the Tanbreez Project in Greenland and the Wolfsberg Project in Austria [2][3]. - The Tanbreez Project is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access [4]. - The Wolfsberg Lithium Project is the first fully permitted mine in Europe, strategically positioned to become a major producer of lithium products for the European market [5]. Group 3: Strategic Positioning - Critical Metals Corp aims to be a reliable supplier of critical minerals essential for defense applications and the clean energy transition [6]. - The company is focused on producing strategic products necessary for electrification and next-generation technologies for Europe and its partners [4][6].
Nova Pacific Intersects Massive Sulphide Mineralization at Lara Project - Rush Assays Pending
Newsfile· 2025-05-29 12:30
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to provide an update on its ongoing 8,500-metre Phase 1 drill program at the Lara Volcanogenic Massive Sulphide (VMS) Project, located on Vancouver Island, British Columbia.Highlights:Phase 1 drill program underway: The first 14 of 39 planned drill holes have been completed, with a total of 3,105 meters drilled to date.As ...
Trident Resources Announces Appointment of Scott Broughton as Strategic Advisor
Globenewswire· 2025-05-29 12:00
Core Viewpoint - Trident Resources Corp. has appointed Mr. Scott Broughton as a Strategic Advisor to enhance its exploration efforts in Saskatchewan, particularly at the Contact Lake project [1][3]. Company Developments - Mr. Scott Broughton brings over 35 years of global mining experience, having worked with various international consulting firms and led several mineral exploration businesses [1][2]. - Trident has engaged Plutus Invest and Consulting GmbH for a twelve-month marketing and communications service agreement, with a total fee of CAD $120,000 [4]. - The company has also contracted Resource Stock Digest for a three-month advertising and marketing program, costing USD $125,000 [5]. Project Focus - Trident Resources is focused on advanced-stage gold and copper exploration projects in Saskatchewan, specifically the 100% owned Contact Lake and Greywacke Lake projects, as well as the Knife Lake copper project [6].
Maxus Mining Announces Listing on the Frankfurt Stock Exchange Under the Symbol R7V
Globenewswire· 2025-05-29 12:00
Company Overview - Maxus Mining Inc. is a mineral exploration company focused on locating, acquiring, and developing economic mineral properties in premier jurisdictions [3] - The company is currently progressing its Penny Copper Project and evaluating future opportunities to expand operations [3] Recent Developments - Maxus Mining's common shares are now trading on the Frankfurt Stock Exchange under the symbol "R7V", providing international exposure to Canadian and European investors [1][2] - The dual listing is expected to enhance visibility to a broader pool of investors and increase liquidity for current shareholders [2][3] Penny Copper Project Details - The Penny Copper Project spans approximately 3,122 hectares and has a history of exploration activity over the last 100+ years [4] - Recent exploration work included rock sampling, with notable copper values recorded: 1,046 ppm Cu, 1,808 ppm Cu, and 2,388 ppm Cu from grab samples [4]
Winshear Gold Announces $500,000 Private Placement
Globenewswire· 2025-05-29 11:30
Core Points - Winshear Gold Corp. announced a non-brokered private placement of up to 8,333,333 Units at a price of $0.06 per Unit, aiming for gross proceeds of $500,000 [2] - Each Unit consists of one common share and one half of a common share purchase warrant, with full warrants allowing the purchase of one common share at $0.12 for 24 months [2] - The proceeds from the financing will be utilized to advance the Thunder Bay Gold Project and for general working capital [3] Company Information - Winshear Gold Corp. is a Canadian-based minerals exploration company [5] - The completion of the private placement is subject to approval from the TSX Venture Exchange, and all securities will have a hold period of four months and one day from issuance [4]
Coppernico to Host Virtual Annual General Meeting and Fireside Chat with 3L Capital
Globenewswire· 2025-05-29 11:15
VANCOUVER, British Columbia, May 29, 2025 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) (“Coppernico” or the “Company”), is pleased to announce the details of its upcoming virtual Annual General Meeting of Shareholders (the "Meeting"), to be held on Tuesday, June 24, 2025, at 10:00 a.m. Pacific Time, as well as a leadership fireside chat hosted by 3L Capital (the "Webinar"), scheduled for Wednesday, June 4, 2025, at 8:00 a.m. Pacific Time. Annual General Meeting of Shareholders The Me ...
Azimut and KGHM Launch Exploration Campaign at Kukamas
Globenewswire· 2025-05-29 10:30
Core Viewpoint - Azimut Exploration Inc. has announced the commencement of a $3.6 million exploration program on the Kukamas Property, confirming high-grade Platinum Group Elements (PGE) at the Perseus Zone, which was discovered in 2024 [1][2][3]. Exploration Program - The exploration program will consist of two phases: detailed mapping and prospecting in Phase 1, followed by 4,000 meters of diamond drilling in Phase 2, planned for late summer [3][6]. - The primary goal is to build on the significant progress made in 2024, where five drill holes in the Perseus Zone yielded excellent results, indicating a high-grade nickel and PGE mineralized system [3][4]. Assay Results - Recent assay results from 30 selected high-grade nickel samples from the Perseus Zone show nickel grades ranging from 3.46% to 19.60% [5][10]. - The samples also revealed high palladium grades between 1.16 g/t and 12.15 g/t, and platinum grades up to 3.65 g/t, along with significant values for rare PGEs [8][10]. Property Overview - The Kukamas Property spans 337.8 square kilometers and includes 665 claims, with a cumulative strike length of 41 kilometers [9]. - The project is well-supported by infrastructure, including high-voltage power lines and proximity to the Trans-Taiga Road, enhancing its accessibility for exploration activities [9]. Partnership and Financials - Under an option agreement, KGHM International Ltd can acquire an initial 50% interest in the Kukamas Property by funding $5 million in work expenditures over four years [14]. - KGHM has a second option to earn an additional 20% interest by delivering a preliminary economic analysis and incurring at least $4.2 million in work expenditures over three years [14]. Company Background - Azimut is recognized as a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [15][16]. - The company is advancing multiple projects, including the Elmer Gold Project, which is at the resource stage, and the Galinée lithium discovery [16].
SAGA Metals Reports Significant Final Drill Holes from the 2025 Winter Program at Radar Ti-V-Fe Property in Labrador
Globenewswire· 2025-05-29 06:00
Core Viewpoint - SAGA Metals Corp. has announced successful final drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Property, confirming the potential for significant mineralization in the area [1][2][18]. Drill Results Summary - The final three drill holes (HEZ-06, HEZ-02, HEZ-03) confirmed the presence of a highly mineralized zone with significant intercepts of vanadiferous titanomagnetite [2][9]. - HEZ-06 reported an intercept of 28 meters grading 20.11% Fe, 4.22% TiO₂, and 0.214% V₂O₅, while HEZ-02 and HEZ-03 reported grades of 12.40% Fe and 11.37% Fe respectively [6][15]. - The drilling program has confirmed the existence of oxide layering and associated magnetic anomalies to depths of up to 300 meters, covering only 1/40th of the identified 20 km strike extent of the oxide layering zone [15][18]. Geological Context - The Radar Property, covering 24,175 hectares, is strategically located near Cartwright, Labrador, benefiting from excellent infrastructure [16][21]. - The Dykes River intrusive complex is recognized for its titanium-vanadium-iron rich layers, which are advantageous for simplified metallurgical processing [17][18]. Next Steps - SAGA plans to conduct detailed ground geophysics over the main regional airborne magnetic anomalies and execute a high-resolution aeromagnetic survey to identify high-priority drilling targets [10][11]. - The company has initiated metallurgy and petrography analysis on core samples to assess recoverable vanadiferous magnetite and the quality of potential concentrates [12][18]. Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, including titanium, vanadium, and iron ore, which are essential for the green energy transition [21][23]. - The company also holds additional exploration assets in Labrador and has a partnership with Rio Tinto for lithium exploration in Quebec [22][23].
Hi-View Announces Non-Brokered Private Placement
Globenewswire· 2025-05-28 21:38
Core Points - HI-VIEW RESOURCES INC. announced a non-brokered private placement of up to 4,800,000 units at a price of $0.10 per unit, aiming for gross proceeds of up to $480,000 [1][2] - Each unit consists of one common share and one transferable common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for 36 months [2] - Directors and officers may participate in the private placement, which is classified as a related party transaction and is expected to be exempt from certain formal requirements [3] - The net proceeds will be used for exploration activities and general corporate purposes, with a potential finder’s fee of up to 10% applicable [4] - HI-VIEW is focused on mineral exploration in Canada, holding a 100% interest in the Babine BC Copper-Gold property and other claims in the Toodoggone region, covering over 9,749 hectares [5]
Almadex Stakes Pegmatite Dyke Complex with Rare Earth Element Potential in New Mexico, USA
Globenewswire· 2025-05-28 20:30
Company Overview - Almadex Minerals Ltd. has acquired the area covering most of the historic Petaca District in northern New Mexico through staking, as part of its regional exploration program focused on copper-gold potential [1] - The company holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico, and has significant experience in porphyry lithocap exploration [6] Exploration Focus - The Petaca District has a history of mica production and contains rare earth element (REE) bearing minerals, which were occasionally recovered as by-products of mica mining [2] - Almadex's exploration program prioritizes porphyry lithocaps and epithermal precious metal systems, although REE projects are not the company's core focus [4][5] Technical Insights - The pegmatites in the Petaca District exhibit various forms and have been noted for their elevated REE concentrations, primarily reflecting the mineral samarskite [2] - A microprobe study confirmed the presence of several minerals, including Samarskite-(Y) and polycrase-(Y), indicating a high level of niobium (Nb) and yttrium (Y) in accessory minerals [3] Future Plans - The company intends to seek a joint venture partner with expertise in REE mineral systems to explore the Petaca District [4][5] - Almadex plans to advance and test its lithocap targets in 2025, leveraging its in-house exploration capacity and drilling units [6]