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Canter Appoints Warwick Smith as Executive Chairman
Newsfile· 2025-04-15 11:00
Core Viewpoint - Canter Resources Corp. has appointed Warwick Smith as Executive Chairman, aiming to leverage his extensive experience in corporate finance and M&A to support the company's growth strategy in the critical metals sector [1][2][3]. Company Overview - Canter Resources Corp. is a junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA [6]. - The company is employing a phased drilling approach at Columbus to explore brine targets for lithium-boron enrichment [6]. Leadership Appointment - Warwick Smith brings over 25 years of leadership experience in corporate finance and M&A, with a successful track record in deal-making and value creation [2]. - Smith has previously collaborated with Canter's CEO, Joness Lang, at American Pacific Mining, where they secured major partnerships and strategic investments [4]. Strategic Focus - Canter is actively engaging with potential strategic partners at both project and corporate levels, emphasizing the importance of securing domestic supplies of critical minerals [3]. - The company is currently reviewing an amended Notice of Intent (NOI) with the Bureau of Land Management (BLM) for its Columbus Lithium-Boron Project [2].
Argo Acquires Gold and Silver Mineral Claims in Saskatchewan
Newsfile· 2025-04-11 13:10
Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") is entering into a mineral claim option agreement (the "Option") to acquire a 100% interest in the 1155-hectare Dreaver Lake property (the "Claim") located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: (i) make a cash payment of C$1,000 (which has been made), (ii) incur or expend at least ...
Nova Minerals Quarterly Activities and Cashflow Report – 31 March 2025
Newsfilter· 2025-04-11 10:30
Core Insights - Nova Minerals Limited continues to report high-grade gold discoveries at its Estelle Project, with notable samples from Wombat reaching up to 360 g/t Au and RPM Regional area samples up to 56.3 g/t Au [1][5][4] - The company is advancing U.S. grant applications for antimony development, indicating a strategic focus on critical minerals alongside gold exploration [1][4] - The quarterly cash flow report shows a cash position of A$13.076 million with no debt, following significant cash inflows from the sale of shares and warrant exercises [10][6] Estelle Project Highlights - High-grade gold discoveries at Wombat include 7 rock samples grading greater than 2 g/t Au, with a peak of 360 g/t Au over a 1 km strike length [5][10] - The RPM Regional area has identified further high-grade gold, with 20 rock samples grading greater than 1 g/t Au and a high of 52.3 g/t Au [5][10] - The Stibium prospect has been confirmed as an extensive gold and antimony-rich zone, measuring 800m long by 400m wide, with identified resource drill targets [4][5] Financial Overview - The company reported a net cash outflow from operating activities of A$1.230 million for the quarter, with total cash equivalents at the end of the period at A$13.076 million [29][30] - Significant cash inflows included A$10.5 million from the sale of Snow Lake shares and A$1.5 million from the exercise of U.S. Nasdaq warrants [10][6] - Exploration and evaluation costs for the quarter totaled A$1.1 million, primarily related to PFS test work and environmental studies [10][6] Future Plans - Ongoing metallurgical and environmental test work is expected to yield material results, with plans for a 2025 drilling and surface exploration program [10][6] - The company aims to update its Mineral Resource Estimate (MRE) to comply with both JORC and S-K 1300 standards for gold and antimony [10][6] - Nova is also exploring potential funding opportunities from the U.S. Department of Defense for antimony supply [10][6]
Quantum Critical Metals to Attend at Kamloops Exploration Group Conference April 7 & 8
Thenewswire· 2025-04-07 20:00
Core Insights - Quantum Critical Metals Corp. is participating in the annual Kamloops Exploration Group conference on April 7th and 8th, 2025, to discuss its properties and projects [1][2] - The company focuses on advancing critical metals projects essential for next-generation technologies, with a portfolio that includes several promising assets [7] Industry Overview - Critical metals are vital for modern technologies, including renewable energy systems and advanced electronics, with both the U.S. and Canada identifying specific critical minerals for economic and national security [4] - Recent geopolitical developments, particularly China's export bans on critical minerals, have raised concerns about supply chain security, emphasizing the need for diversification and domestic sourcing of critical metals [5]
Sitka Gold Announces $10 Million Bought Deal Financing
Newsfile· 2025-04-02 00:32
Group 1 - Sitka Gold Corp. has entered into an agreement for a bought deal private placement to sell 14,705,882 flow-through shares at a price of $0.68 per share, raising gross proceeds of $10 million [1][2] - The financing is aimed at funding the RC Gold Project in Yukon, Canada, and will be used for eligible Canadian exploration expenses, with all qualifying expenditures to be renounced in favor of subscribers by December 31, 2025 [2][6] - The company currently has a strong treasury of over $14 million, which, combined with the new financing, will support long-term funding and advancement of the RC Gold Project [2][9] Group 2 - The flow-through shares will be offered to purchasers in all provinces of Canada, excluding Quebec, under the Listed Issuer Financing Exemption, and will not be subject to resale restrictions [3][8] - A cash commission of 6% will be paid to underwriters, along with compensation options equal to 6% of the number of shares sold, allowing the purchase of common shares at the FT Issue Price for 24 months [6][7] - The offering is expected to close around April 16, 2025, pending necessary regulatory approvals [7][8] Group 3 - Sitka Gold Corp. is a well-funded mineral exploration company focused on gold, silver, and copper, with no debt and a management team of experienced industry professionals [9][10] - The company is advancing its flagship RC Gold Project, which spans 431 square kilometers in the Tombstone Gold Belt, Yukon Territory, and is also working on other projects in Nevada, Arizona, and Nunavut [9][10]
Collective Mining Ltd. Files Annual Report on Form 40-F and Supporting Documentation
Prnewswire· 2025-03-26 16:53
Company Overview - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects located in Caldas, Colombia, and has options to acquire 100% interests in two projects within an established mining camp that includes ten fully permitted and operating mines [4] - The company was founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value [4] Financial Reporting - Collective Mining has filed its SEC Annual Report on Form 40-F for the year ended December 31, 2024, which includes the Annual Information Form, audited Financial Statements, and Management's Discussion & Analysis [1] - Shareholders can request a hard copy of the complete audited Financial Statements for the year ended December 31, 2024, free of charge [2] Key Projects - The flagship project, Guayabales, is anchored by the Apollo system, which hosts a large-scale, bulk-tonnage, and high-grade gold-silver-copper-tungsten resource [5] - The company's objectives include improving the overall grade of the Apollo system, expanding the Apollo system along strike, and drilling newly generated targets such as Tower and X [5] Shareholder Alignment - Management and insiders own approximately 33.4% of the outstanding shares of the company, indicating alignment with shareholder interests [6] Corporate Information - Collective Mining is listed on the NYSE American and TSX under the trading symbol "CNL" and on the FSE under the trading symbol "GG1" [6]
RT Minerals Corp. Commences Exploration Plans at Case Batholith Property
Newsfile· 2025-03-26 13:20
Core Viewpoint - RT Minerals Corp. has initiated its 2025 exploration program at the Case Batholith Property, which is largely unexplored and located approximately 85 km northeast of Cochrane, Ontario, with significant potential for lithium and cesium mineralization [1][2]. Exploration Strategy - The company will conduct a high-resolution airborne magnetic survey as part of its 2025 work program to refine exploration targets and enhance geological understanding of the property [3]. - Airborne magnetics is a cost-effective method to delineate geological domains, identify regional fault zones, and map potential pegmatite trends beneath overburden or forest cover [4]. - The data from the airborne survey will be instrumental in interpreting the subsurface structure of the Case Batholith and defining priority target areas for follow-up activities such as geological mapping, sampling, and potential drilling campaigns [6][4]. Mineral Potential - By integrating magnetic data with existing regional geological models, RT Minerals aims to advance its understanding of the Case Batholith's mineral potential and focus exploration efforts on zones most prospective for critical mineral discovery [5][7]. - The exploration activities are designed to delineate prospective zones for lithium and cesium mineralization, aligning with the company's strategic focus on critical minerals exploration in Canada [7]. Company Overview - RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol "RTM" and holds a 100% interest in a portfolio of 12 rare earth element, gold, and base metal properties in Ontario, Canada [8].
REV Exploration Grants RSUs and Stock Options
Thenewswire· 2025-03-26 12:15
Core Points - REV Exploration Corp. has granted 125,000 stock options and 125,000 restricted share units (RSUs) to a director, with stock options priced at $0.275 and expiring on March 25, 2030 [1] - The RSUs will vest over time and can be converted into common shares or cash at the company's discretion [1] Company Overview - REV Exploration is a mineral exploration company focused on gold and battery metals, owning properties in Quebec, including nickel, niobium, tantalum, and gold [2] - The company is also exploring opportunities in the natural hydrogen sector in Saskatchewan [2]
VR Resources Reports Drilling Results at Silverback Copper-Gold Project in Northwest Ontario
Globenewswire· 2025-03-26 11:30
VANCOUVER, British Columbia, March 26, 2025 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to report results from its first winter drill program at the Silverback copper-gold project in Northwestern Ontario. Shear-zone hosted quartz veins with pyrite, chalcopyrite and anomalous gold intersected in four of six holes.The Cu-Au geochemical signature is consistent with an epizonal, intrusion-associated orogenic mineral system. Six holes were comple ...
Collective Mining Announces Investment and Early Exercise of Warrants by Agnico Eagle for Gross Proceeds of C$63.4 Million
Prnewswire· 2025-03-14 10:30
Core Viewpoint - Collective Mining Ltd. has entered into an agreement with Agnico Eagle Mines Limited for a subscription of 4,741,984 common shares at C$11.00 per share, with total gross proceeds expected to be approximately $63.4 million from the offering and the exercise of existing warrants [1][2]. Group 1: Financial Details - Agnico Eagle will acquire 4,741,984 shares at C$11.00 per share, and will also exercise warrants to acquire an additional 2,250,000 shares at C$5.01 per share [1]. - The total gross proceeds from the offering and the exercise of the warrants will be approximately $63.4 million [1]. - Following the closing of the offering, Agnico Eagle's ownership interest in Collective Mining is expected to increase to approximately 14.99% [1]. Group 2: Use of Proceeds - The proceeds from the offering and the exercise of the warrants will be utilized for exploration on the company's properties in Colombia and for general working capital purposes [2]. - The company plans to continue its drill program at the Guayabales Project, with results expected to be released in the near term [2]. Group 3: Company Background - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects located in Caldas, Colombia [4]. - The company's flagship project, Guayabales, is anchored by the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization [5]. - Management and insiders own approximately 36% of the outstanding shares, indicating alignment with shareholders [6].