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Aventis Energy Inc. Announces Marketing Program
Globenewswire· 2025-05-16 21:00
Core Insights - Aventis Energy has entered into a marketing services agreement with RMK Marketing Inc. for a term of 6 months starting May 21, 2025 [1][3] - The total compensation for RMK will be $250,000, with an option to increase the advertising budget up to $500,000 during the term [3] Company Overview - Aventis Energy Inc. is a mineral exploration company focused on developing strategic projects involving battery, base, and precious metals in stable jurisdictions [4] - The company is advancing its Corvo Uranium & Sting Copper Project, which covers approximately 12,700 hectares and includes multiple documented mineral occurrences [5]
Azimut Closes $8.7 Million Private Placement
Globenewswire· 2025-05-16 20:15
Core Viewpoint - Azimut Exploration Inc. has successfully closed a non-brokered private placement with Centerra Gold Inc. and other entities, raising a total of $8,712,400 to support its exploration activities and business development [1][2][3]. Group 1: Financial Details - Azimut issued 9,935,000 common shares to Centerra for gross proceeds of $5,961,000 [1] - A concurrent private placement raised an additional $2,751,400, totaling 14,520,666 common shares issued at a price of $0.60 per share [2] - The total gross proceeds from the Offering amount to $8,712,400 [2] Group 2: Strategic Implications - Centerra now holds approximately 9.9% of Azimut's issued and outstanding common shares, marking its entry as a strategic investor [2] - The proceeds will be utilized to expand exploration activities on the Wabamisk (gold-antimony) and Elmer (gold-copper) properties, as well as for general corporate purposes [3] - Azimut anticipates a significant level of exploration activity over the next 12 months, including partner-funded exploration at the Kukamas (nickel-copper-platinum-palladium) project [3] Group 3: Investor Rights and Related Transactions - An investor rights agreement has been executed with Centerra, allowing it to participate in future equity issuances to maintain its ownership interest [4] - Agnico Eagle has subscribed for 833,333 common shares for gross proceeds of $499,999.80, representing approximately 11% of Azimut's issued and outstanding common shares post-offering [5] - The Agnico Offering is classified as a related party transaction under Multilateral Instrument 61-101, with exemptions applied for formal valuation and minority shareholder approval [5] Group 4: Regulatory and Compliance - The Offering is subject to final approval by the TSX Venture Exchange, with a hold period of four months and one day for all securities issued [6] - A material change report will be filed less than 21 days prior to the closing date of the Agnico Offering due to timing constraints [5]
REV Exploration Acquires Permits In Saskatchewan For Natural Hydrogen Exploration
Thenewswire· 2025-05-15 23:10
Core Insights - REV Exploration Corp. has acquired permits in Saskatchewan covering 372,571 hectares for Natural Hydrogen exploration, indicating a strategic move into a rapidly emerging resource sector [1][2] - The CEO highlighted Saskatchewan's advanced policy framework for Natural Hydrogen exploration, which, combined with unique geology and a growing market, positions REV for significant opportunities in the coming months [2] - REV Exploration has appointed Independent Trading Group, Inc. as a market maker to enhance liquidity and contribute to a fair market for its shares on the TSX Venture Exchange [3][4] Company Overview - REV Exploration is a mineral exploration company with a portfolio that includes gold and battery metal properties in Quebec, as well as strategic Natural Hydrogen properties in Saskatchewan, all 100% owned by the company [6] - The company is focused on identifying commercial concentrations of Natural Hydrogen in North America, which is seen as a catalyst-rich opportunity for growth [2][6] Market Maker Appointment - The contract with Independent Trading Group, Inc. is on a month-to-month basis for a fee of CDN $6,000, with the first full month starting in April 2025 [4] - ITG is a Toronto-based dealer-member specializing in market making and liquidity provision, established in 1992 [5]
Nexa Resources Announces Sale of Otavi Project
Newsfile· 2025-05-15 20:48
Core Viewpoint - Nexa Resources has signed a definitive agreement to sell ten Exclusive Prospecting Licenses related to the Otavi and Namibia North projects to Midnab Resources for a total consideration of up to US$10 million, as part of its ongoing portfolio optimization strategy [1][2][3] Group 1: Transaction Details - The total consideration for the sale includes a purchase price of US$3.0 million payable at closing and additional contingent payments of up to US$7.0 million, subject to achieving certain development milestones [2] - Completion of the transaction is expected by December 31, 2025, pending customary conditions [2] Group 2: Strategic Implications - This divestment is part of Nexa's strategy to optimize its portfolio by focusing on return-generating assets and enhancing free cash flow [3] - Namibia remains a strategic region for Nexa as the company expands its copper exploration efforts beyond Latin America [3] Group 3: Company Background - Nexa Resources is a large-scale, low-cost integrated polymetallic producer, primarily focused on zinc, with over 65 years of experience in mining and smelting in Latin America [5] - The company operates four long-life underground polymetallic mines and one low-cost open pit mine, along with three smelters [5] - In 2024, Nexa was among the top five producers of mined zinc globally [6]
Commander Resources Announces Voting Results of Annual General and Special Meeting of Shareholders
Newsfile· 2025-05-15 19:15
Core Viewpoint - The shareholders of Commander Resources Ltd. overwhelmingly approved the arrangement with Enduro Metals Corporation, indicating strong support for the merger aimed at creating a more robust exploration company focused on copper and gold projects in British Columbia [1][2]. Group 1: Arrangement Details - The special resolution for the arrangement was approved by 99.1% of votes cast by Commander shareholders during the annual general and special meeting held on May 15, 2025 [1]. - The closing of the arrangement is contingent upon certain conditions, including the issuance of a Final Order by The Supreme Court of British Columbia and final approval from the TSX Venture Exchange, with an expected completion date around May 30, 2025 [2][3]. Group 2: Company Profiles - Enduro Metals is focused on its Newmont Lake Project, a 688 km² property located in British Columbia's Golden Triangle, with multiple deposit environments identified, including high-grade gold and copper-gold porphyry mineralization [4]. - Commander Resources has a diverse portfolio of base and precious metal projects across Canada, including the flagship Burn Project and the October Dome copper and gold porphyry target [7].
Cygnus Metals to Present at the Precious Metals & Critical Minerals Hybrid Investor Conference on May 22nd
GlobeNewswire News Room· 2025-05-15 12:35
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Cygnus Metals Ltd. (ASX: CY5, TSXV: CYG, OTCQB: CYGGF), based in Perth, Western Australia, focused on the Chibougamau Copper-Gold Project in Quebec, Canada, today announced that Ernest Mast, President and Managing Director, will present live at the Precious Metals & Critical Minerals Hybrid Investor Conference, hosted by VirtualInvestorConferences.com, on May 22nd , 2025. DATE: May 22nd, 2025TIME: 3:15 PM EDTLINK: REGISTER HERE This will be a live, interactive in-pe ...
Rockland Resources Announce Appointment Of Taylor Sulik To Advisory Board
Thenewswire· 2025-05-15 12:00
Company Overview - Rockland Resources Ltd. is an exploration company focused on advancing its beryllium projects in Utah [1] - The company is strategically located in the Spor Mountain region, which is home to the largest beryllium producer in the world, Materion's Spor Mountain Mine [4] Advisory Board Appointment - Mr. Taylor Sulik has been appointed to Rockland's Advisory Board, bringing over seven years of experience in U.S. intelligence and security [2] - Sulik is also the president of Mithril Mining Corp., which focuses on U.S.-based critical-mineral deposits [2] - His expertise in critical minerals and connections within the defense and industrial sectors are expected to support Rockland's beryllium projects [3] Beryllium Significance - Beryllium is classified as a critical mineral by the U.S. government and has applications in various sectors including aerospace, telecommunications, and defense [4] - The company is advancing critical minerals exploration, particularly in beryllium, at its Meteor, Beryllium Butte, and Claybank projects [4] Stock Options - Rockland has set 200,000 options to consultants at a price of $0.11 for a period of two years [3]
Ridgeline Minerals Provides Drill Program Updates for the Big Blue and Atlas Projects
Newsfile· 2025-05-15 12:00
Ridgeline Minerals Provides Drill Program Updates for the Big Blue and Atlas Projects May 15, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp. Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to provide updates for maiden drill programs at the Big Blue and Atlas exploration projects (Figure 1). Both projects are 100%-owned by the Company with no underlying work commitments or royalties. ...
SAGA Metals Appoints Vernon Shein, Former Exploration Manager at B2Gold, to its Board of Advisors
Globenewswire· 2025-05-15 06:00
Company Overview - SAGA Metals Corp. is a North American exploration company focused on discovering critical minerals that support the global transition to green energy [5] - The company's flagship asset is the Double Mer Uranium Project in Labrador, Canada, covering 25,600 hectares with significant uranium radiometrics [5] - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [6] - Additional exploration assets are located in Labrador, targeting titanium, vanadium, and iron ore [7] Key Appointment - Vernon Shein has been appointed to SAGA's board of advisors, bringing 39 years of exploration industry experience [2] - Shein previously served as Exploration Manager for Bema Gold Corp. and B2Gold, overseeing projects from exploration to production [2][3] - His notable projects include the Kupol Mine in Russia, Jabali Mine in Nicaragua, and the Montana open pit at the Masbate Mine in the Philippines [3] Strategic Focus - The initial focus for SAGA will be on the Radar Ti-V-Fe project near Cartwright, Labrador, which has shown exceptional results from its maiden drill program [4] - The company aims to fast track the Radar project towards advanced development, leveraging Shein's expertise [4] - Shein expressed enthusiasm for SAGA's diversified exploration programs targeting critical minerals essential for the green energy transition [4]
Critical One Discovers High-Grade Antimony Intervals in Howells Lake Project Historical Data
Globenewswire· 2025-05-14 18:52
TORONTO, May 14, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that the Company has discovered significant antimony, including an interval in drill hole MC-V3-79-22 that assayed up to 75% antimony within core internal of 5.37% antimony over 8.35 metres, as well as gold assays in the extensive collection of historical records of the Howells Lake Antimony-Gold Project (“Howells La ...