Core Points - Eloro Resources Ltd. has successfully closed a non-brokered private placement offering, raising aggregate gross proceeds of C$2.5 million [1] - The offering consisted of 2,631,578 units sold at a price of C$0.95 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2] - Each warrant allows the holder to acquire one common share at an exercise price of C$1.40, valid until May 2, 2028 [2] - The net proceeds from the offering will be used for the exploration and development of the Iska Iska project, as well as for general corporate purposes and working capital [3] - The securities issued are subject to a hold period of four months plus a day from the issuance date and require final approval from the Toronto Stock Exchange [3] Company Overview - Eloro Resources Ltd. is an exploration and mine development company with a portfolio of precious and base-metal properties located in Bolivia, Peru, and Québec [5] - The company has an option to acquire a 100% interest in the Iska Iska Property, which is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in Bolivia [5] - Eloro also holds an 82% interest in the La Victoria Gold/Silver Project, situated in the North-Central Mineral Belt of Peru [5]

VANCOUVER, British Columbia, May 02, 2025 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM | OTC: VBAMF | FRA: C0O), is pleased to announce that the Company’s Board of Directors have approved a name change to “Aventis Energy Inc.” The Company’s trading symbol on the Canadian Securities Exchange (“CSE”) shall concurrently change to “AVE”. No action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not aff ...

Financing Overview - SAGA Metals Corp. plans to complete a non-brokered private placement financing for total gross proceeds of C$2,500,000, consisting of 2,500,000 flow-through common share units at C$0.30 per unit and 7,000,000 hard dollar common share units at C$0.25 per unit [1][2] - The flow-through units will include one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one common share at C$0.50 for 24 months from the closing date [2][3] - The hard dollar units will consist of one common share and one warrant with the same purchase terms as the flow-through units [3] Use of Proceeds - Proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining expenditures on the company's properties in Labrador, particularly the Double Mer Uranium Project [6] - Net proceeds from the hard dollar units will be used for administrative and general working capital [6] Marketing and Consulting Agreements - The company has entered into a digital marketing services agreement with Machai Capital Inc. for a fee of C$200,000 over a 60-day term to enhance investor awareness and communication [9][11] - A consulting agreement with Simone Capital Corp. has also been established, providing various marketing services for a fee of C$10,000 per month over a 180-day term [13][14] Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, with its flagship asset being the Double Mer Uranium Project in Labrador, covering 25,600 hectares [17] - The company also owns the Legacy Lithium Property in Quebec and has expanded its holdings through the Amirault Lithium Project, covering a total of 65,849 hectares [18] - Additional exploration assets in Labrador target titanium, vanadium, and iron ore, positioning the company strategically in the green energy transition [19]

VANCOUVER, British Columbia, May 02, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR | OTC Pink:LANRF | FRA:6UF0) (“Lancaster” or the “Company”) is pleased to announce the appointment of Andrew Watson as its President and Chief Executive Officer, effective May 1, 2025. Highlights: Brings over 23 years of technical and executive leadership in the exploration and development of critical minerals (including uranium and lithium), precious metals (notably gold), and conventional energy.Led the acquis ...

Core Points - Plato Gold Corp. is advancing preparations for its first drill program at the Lolita Project in Santa Cruz, Argentina, marking a significant step in its exploration efforts [1][2] - The company has received approval from the Secretariat of Mining of Santa Cruz for an updated environmental impact assessment, allowing it to conduct a diamond drilling campaign [2] - The province of Santa Cruz is the largest producer of precious metals in Argentina, with exports valued at USD 1.789 billion in 2024 [2] Financing and Contracts - Plato has entered into loan agreements totaling US$1,050,000 to finance the drill program, with an interest rate of 7% per annum [4] - The loans are unsecured and may be convertible into common shares at a minimum price of $0.05 per share [4] - A related party transaction involves a loan of US$1,000,000 from Anthony Cohen, President of Plato, with exemptions from formal valuation and minority shareholder approval [6] Drilling Plans - Drilling is set to commence in May 2025, targeting approximately ten diamond drill holes at the Panza, Espalda, and Corazon targets, with depths of 200 to 400 meters [7] - The targets are characterized by low-sulphidation, epithermal vein systems with pathfinder anomalies of arsenic, antimony, and mercury [7] - The Lolita Project has not been previously drill-tested or explored for precious metals, but nearby projects indicate potential for significant resources [8] Company Overview - Plato Gold Corp. is a Canadian exploration company with projects in Ontario and Argentina, focusing on gold and silver exploration [11][12] - The company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares in Argentina [12]

VANCOUVER, BRITISH COLUMBIA, May 01, 2025 (GLOBE NEWSWIRE) -- METALSOURCE MINING INC. (the “Company” or "Metalsource") (CSE: “MSM”) is pleased to provide an update on the Company’s exploration program at the Aruba Property, which is currently underway. This first program conducted by the company consists of a soil sampling program and a ground gravity survey. The intent is to delineate anomalous trends with coincident geophysical signatures to develop drill targets in the Transvaal Supergroup stratigraphy k ...

Core Viewpoint - Azucar Minerals Ltd. has entered into an Option-Joint venture exploration agreement with Almadex Minerals Ltd. to acquire a 60% interest in three mineral projects in Nevada, namely Pilot, Confusion Hills, and Red Ring [1][9]. Cash Payments - Azucar is required to make cash payments totaling $100,000 USD upon acceptance by the TSX Venture Exchange and minority shareholder approval, followed by $300,000 USD for each project upon completion of exploration requirements [2]. Work Commitments - The company must complete at least 2,000 meters of drilling across the projects within 18 months and at least 3,000 meters on the specific project chosen for the option within five years [3]. Additional Payments - Upon completion of at least 15,000 meters of drilling on a specific project, Azucar will make an additional cash payment of $750,000 USD to Almadex [4]. Pilot Mountain Project - The Pilot project features hydrothermal alteration in sedimentary rocks and has shown promising geological mapping and soil sampling results indicating potential porphyry mineralization [5]. A drill permit has been approved, and Azucar plans to develop drilling plans for 2025 [5]. Confusion Hills Project - The Confusion Hills project has shown encouraging preliminary results from grab rock samples, with some samples returning gold grades up to 7.1 g/t [6]. The project area has been mapped to define a high sulphidation/porphyry lithocap, and a drill permit has also been approved [6][7]. Red Ring Project - The Red Ring prospect has identified a significant alteration zone interpreted as a porphyry lithocap, with preliminary rock sampling indicating high values of pathfinder trace elements [8]. Azucar plans further sampling and geophysical studies in 2025 [8]. Management and Board Approval - The management and Board members of both Azucar and Almadex have unanimously approved the option agreement, with independent directors abstaining due to their interests [9][10]. Related Party Transaction - Almadex holds a 19% interest in Azucar, making the option agreement a related party transaction, which requires disinterested shareholder approval [10]. The company plans to seek this approval at its upcoming Annual General and Special meeting on June 26, 2025 [10]. Regulatory Compliance - The option agreement is subject to acceptance by the TSX Venture Exchange, and a material change report will be filed within 10 days of the announcement [11][12].

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has signed an Option-Joint venture exploration agreement (the “Option”) with Azucar Minerals Ltd. (“Azucar”) whereby Azucar has the option to acquire a 60% interest in three of Almadex’s wholly owned blocks of claims in Nevada, the Pilot, Confusion Hills and Red Ring prospects more fully described below (the “Projects”). The Pilot project also include ...

TORONTO, May 01, 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 been successful in tracking down and securing an extensive collection of historical records for exploration work carried out on the Howells Lake Antimony-Gold Project (“Howells Lake Project”) in the Thunder Bay Mining Division of Ontario, Canada. These historical exploration records include assa ...

Core Insights - First Atlantic Nickel Corp. is focused on developing its 100%-owned Atlantic Nickel Project in Newfoundland, which is strategically located near existing infrastructure and is gaining attention for its potential in the hydrogen economy [1][2][5] - The province's nickel resources are positioned to contribute to global clean energy transitions, particularly through green hydrogen production [2][3] - Awaruite, a nickel-iron alloy with approximately 75% nickel content, offers an environmentally safe solution for enhancing North America's critical minerals supply chain [6][18] Company Overview - First Atlantic Nickel Corp. trades on multiple exchanges, including TSX Venture Exchange under the symbol "FAN" and OTCQB under "FANCF" [9] - The company aims to meet the growing demand for responsibly sourced nickel that complies with the U.S. Inflation Reduction Act's requirements for electric vehicles [18][19] - The Atlantic Nickel Project's nickel occurs as awaruite, allowing for smelter-free processing, which could reduce dependence on foreign entities for nickel processing [18][19] Industry Context - Nickel plays a crucial role in hydrogen production technology, making Newfoundland and Labrador a significant contributor to global decarbonization goals [3][5] - Awaruite's processing methods are cleaner and safer compared to conventional nickel sources, addressing environmental concerns associated with nickel refining [7][8] - The U.S. Geological Survey highlights the potential of awaruite deposits in Canada to alleviate nickel concentrate shortages, emphasizing its easier concentration compared to traditional nickel sulfides [7][8]