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Eloro Resources Announces $2,500,000 Non-Brokered Private Placement Offering
Globenewswire· 2025-04-30 21:50
Core Viewpoint - Eloro Resources Ltd. is conducting a non-brokered private placement offering of up to 2,631,579 units at a price of C$0.95 per unit, aiming for gross proceeds of up to C$2,500,000 [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of C$1.40 within 36 months from the closing date [2]. - The offering is scheduled to close on May 2, 2025, subject to necessary approvals, including from the Toronto Stock Exchange [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the exploration and development of the Iska Iska project, as well as for general corporate purposes and working capital [3]. Group 3: Company Overview - Eloro Resources Ltd. is an exploration and mine development company with properties in Bolivia, Peru, and Québec, including a 100% interest in the Iska Iska Property, a polymetallic epithermal-porphyry complex [6]. - The company also holds an 82% interest in the La Victoria Gold/Silver Project located in Peru [6].
Greenridge Exploration Completes Airborne MobileMT Survey at the Sabre Uranium Project in Athabasca Basin, Saskatchewan
Globenewswire· 2025-04-30 12:00
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) is pleased to announce the completion of a high-resolution helicopter-borne Mobile MagnetoTellurics System (“MobileMT”) survey at the Sabre Uranium Project (the “Sabre Property” or the “Project”) located in the northern Athabasca Basin region of Saskatchewan, Canada. The Project-wide MobileMT survey completed by Expert Geophysics Surveys Inc. (“EGS” ...
Integral Metals Reports Preliminary Geomicrobial Results from Burntwood Project, Highlights Biological Pathfinder Potential for REE Exploration
Globenewswire· 2025-04-30 12:00
Core Insights - Integral Metals Corp. announced preliminary results from its 2024 geomicrobial survey at the Burntwood Project, indicating promising microbial patterns linked to rare earth element (REE) mineralization associated with carbonatite intrusions [1][2] Group 1: Survey Details - The survey covered the northern extent of the Burntwood Syenite-Carbonatite Complex, with 808 unique soil samples collected and analyzed using 16S rRNA and metagenomic sequencing [2] - Initial analysis showed a statistically significant depletion of Burkholderiales and an enrichment of Rhizobiales in microbial communities overlying known carbonatite systems, suggesting environmental changes related to REE-bearing mineralization [2] Group 2: Research Collaboration - The geomicrobial survey is part of a broader research initiative in partnership with Dr. Andrew Cameron and the Institute for Microbial Systems and Society (IMSS) at the University of Regina, supported by funding from NSERC, Mitacs, and MMDF [2] Group 3: Future Exploration - The integration of geomicrobial and geochemical datasets will inform exploration targeting and prioritize areas for future drilling, with a commitment to innovative, science-driven techniques that reduce environmental impact [4]
Universal Digital Inc. (Formerly Minas Metals Ltd.) Announces Completion of Change of Business, Including Name Change, Ticker Symbol LFG, Strategic Acquisitions, and Divestment of Non-Core Assets
Newsfile· 2025-04-30 11:52
Universal Digital Inc. (Formerly Minas Metals Ltd.) Announces Completion of Change of Business, Including Name Change, Ticker Symbol LFG, Strategic Acquisitions, and Divestment of Non-Core AssetsApril 30, 2025 7:52 AM EDT | Source: Universal Digital Inc.Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Universal Digital Inc. (CSE: LFG) ("Universal Digital" or the "Company") (formerly Minas Metals Ltd.) is pleased to announce that, further to its news releases dated January 27, 2 ...
Eloro Resources Announces Restart of Definition Drilling Targeting Major Tin Discovery and High Grade Silver Zones at its Iska Iska Ag-Sn-Polymetallic Project, Potosi Department, Bolivia
Globenewswire· 2025-04-30 11:00
Core Viewpoint - Eloro Resources Ltd. is initiating a new phase of definition drilling at the Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia, aiming to upgrade and expand high-grade tin and silver mineralization [1][3]. Group 1: Drilling Program Details - The upcoming drilling program will consist of 4,300 meters of diamond drilling across 8 holes, focusing on high-grade tin mineralization and a shallower silver mineralized zone [1][6]. - Holes will be drilled with a spacing of 50 meters by 50 meters, which has been determined to be optimal for confirming the continuity and grade of mineralization [2]. - The previous drilling program successfully extended high-grade mineralization and identified new targets, indicating a significant potential for resource expansion [3][30]. Group 2: Mineralization Insights - The definition drilling has intersected significant tin and silver mineralization, with the mineralized system extending approximately 1.2 kilometers and remaining open along strike and at depth [5][6]. - Recent drilling results have shown that increased drill hole density correlates with higher grades of silver and tin, suggesting that this trend will continue with further drilling [6][30]. - The mineralization is characterized by visually coarse-grained cassiterite, which is likely amenable to gravity separation, and ongoing metallurgical studies are yielding promising results [3][6]. Group 3: Project Background and Significance - The Iska Iska project is a major silver-tin polymetallic complex located in Bolivia, with significant geological features that suggest the potential for large deposits [19][20]. - Eloro has an option to earn a 100% interest in the Iska Iska property, which is road-accessible and royalty-free, enhancing its attractiveness for exploration and development [19][33]. - The project is strategically positioned within a region known for significant mineral deposits, which may provide further opportunities for resource development [21][24].
Snow Lake Announces Reverse Stock Split
Newsfile· 2025-04-30 11:00
Core Points - Snow Lake Resources Ltd. will implement a 1-for-13 reverse stock split effective on May 2, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 [1][2] - The reverse stock split will reduce the number of issued and outstanding common shares from approximately 101,704,516 to about 7,823,360 [4] - The reverse stock split will not change the par value of the common shares or the authorized number of shares, and it will affect all shareholders uniformly [3][4] Company Information - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq under the symbol LITM, focusing on critical mineral and clean energy projects [8] - The company has exploration stage projects including the Pine Ridge Uranium project in Wyoming, USA, and the Engo Valley Uranium Project in Namibia, along with additional projects in Manitoba [8]
Grizzly Announces Private Placement, Debt Settlement, and Provides Update on The Greenwood Precious and Critical Minerals Project
Newsfile· 2025-04-29 16:24
Core Viewpoint - Grizzly Discoveries Inc. is conducting a private placement to raise up to $1,000,000 while simultaneously settling $500,000 in outstanding debt to APEX Geoscience Ltd. for geological services related to its mineral properties [1][7]. Private Placement Offering - The Offering includes up to 8,333,333 Units and up to 25,000,000 FT Units, priced at $0.03 each [2]. - Each Unit consists of one common share and one warrant, allowing the purchase of an additional common share at $0.05, expiring under specific conditions [2]. - The Offering is available to qualified subscribers in Alberta, British Columbia, Ontario, and other jurisdictions as determined by the Company [2]. Use of Proceeds - If fully subscribed, the proceeds will be allocated as follows: - $750,000 for mineral property exploration - $80,000 for mineral rights and exploration permits - $12,000 for outstanding management fees - $65,000 for other accounts payable - $93,000 for corporate overhead [3]. Debt Settlement Agreement - The Company has agreed to settle $500,000 in accounts payable to APEX by issuing 8,333,334 Units at a deemed price of $0.03 per Unit and a promissory note of $250,000 with 5% annual interest [7][8]. - The promissory note matures in two years and interest may be paid in common shares at the Company's option [8]. Corporate Update - Greenwood Project - Grizzly has received four new five-year drilling permits from the BC Ministry of Mining for drill testing in target areas including Midway, Imperial, Sappho, and Copper Mountain [11]. - Plans are underway for aggressive drilling in 2025 at the Motherlode Mine area, focusing on copper-gold-silver mineralization [16]. Historical Production and Exploration Data - The Motherlode Mine historically produced significant quantities of copper, gold, and silver between 1900-1920 and 1957-1962 [14]. - Recent sampling from the Motherlode area has shown high grades of copper (up to 4.88%), gold (up to 6.65 g/t), and silver (up to 51.3 g/t) [14]. - New showings near the Midway Mine have yielded up to 5.64 g/t gold and 2,140 g/t silver, indicating potential for further high-grade mineralization [19]. Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company focused on developing approximately 72,700 hectares of precious and critical minerals properties in southeastern British Columbia [22].
Opus One Gold Corporation Announces Closing of Second and Final Tranche af a Private Placement
Globenewswire· 2025-04-29 13:03
Core Points - Opus One Gold Corporation closed a second and final tranche of its non-brokered private placement of flow-through shares and units, raising aggregate gross proceeds of $578,450.25 on April 25, 2025 [1] - The total issuance included 5,353,850 flow-through shares at $0.065 each and 4,190,000 units at $0.055 each, with each unit consisting of one common share and one warrant [2] - The overall gross proceeds from both tranches amounted to $1,545,700.30, with funds allocated for exploration on mineral properties and general working capital [3] Financial Details - The company issued a total of 20,234,620 flow-through shares and 4,190,000 units across both tranches [3] - Cash finders fees amounted to $26,150, and a total of 369,230 compensation warrants were issued, each exercisable at $0.10 for 24 months [5] - Previous private placement details included 995,636 finders' warrants and $101,460 in cash finders' fees [6] Regulatory and Compliance - The offering was conducted under the "accredited investor" exemption in Canada, with a four-month hold period applicable to the securities issued [4] - Closing of the offering is subject to approval from the TSX Venture Exchange and customary closing conditions [5] Company Overview - Opus One Gold Corporation focuses on discovering high-quality gold and base metals deposits in the Abitibi Greenstone Belt, a prolific mining area [8]
Ground Magnetic Survey Commences at Electrum's Timok East Copper-Gold Project in Eastern Serbia
Thenewswire· 2025-04-29 06:00
Core Viewpoint - Electrum Discovery Corp. has initiated a ground magnetic survey at the Timok East Copper-Gold Project in eastern Serbia, aimed at refining exploration targets and enhancing understanding of geological systems in the area [1][2]. Project Overview - The Timok East Project encompasses three mineral permits: Bukova Glava, Luka, and Makovište, covering a total area of 123 square kilometers [1]. - The ground magnetic survey will cover 59 square kilometers across the Makovište and Luka licenses, involving 280 line kilometers of data collection [2]. Survey Objectives - The primary goal of the survey is to identify magnetic responses associated with porphyry deposit alteration and magnetite-rich zones within skarn systems [4]. - The survey will help refine the exploration strategy and drill targeting by detecting magnetic signatures of alteration and mineralization [6][7]. - It aims to delineate the shape and extent of intrusive bodies, which are critical for understanding mineralization sources [8]. Data Integration - Magnetic data will be integrated with geological, geochemical, and other geophysical data to enhance exploration targeting [10]. - The survey will also assist in mapping structural features that may influence mineralizing fluid pathways [9]. Company Background - Electrum Discovery Corp. is focused on mineral exploration and development in the Western Tethyan Belt, with two main projects covering 645 square kilometers in Serbia [12]. - The company aims to maximize the value of its mineral projects for stakeholders, including shareholders and the local community [13].
OROCO FILES SHELF PROSPECTUS
Globenewswire· 2025-04-28 23:50
Core Points - Oroco Resource Corp. has filed and received a receipt for a final short form base shelf prospectus allowing the distribution of up to C$75,000,000 in various securities over a 25-month period [2][3] - The prospectus aims to provide the company with flexibility to capitalize on financing opportunities and favorable market conditions [3] - The company holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [6][7] - The Santo Tomas Project is located near infrastructure such as highways and rail, approximately 170 km from the Pacific deep-water port at Topolobampo [8]