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Lomiko Announces Omnibus Equity Incentive Plan Grants and Stock Option Cancellations
Businesswire· 2026-01-22 23:25
Core Viewpoint - Lomiko Metals Inc. has announced the grant of Restricted Share Units (RSUs) and Deferred Share Units (DSUs) to its management and board as part of its annual incentive program, aligning compensation with long-term objectives [1][3]. Compensation Details - The Board approved the grant of a total of 411,095 RSUs and 731,953 DSUs to the Company's directors, while management received 425,133 RSUs and 50,000 stock options [2]. - RSUs will vest by January 22, 2027, calculated based on a 5-day volume weighted average closing price of C$0.15 per common share [4]. - DSUs for directors will also vest on January 22, 2027, and are settled upon retirement from the board, similarly calculated using the same share price [5]. - Management's stock options have a 5-year term with a vesting schedule of one-third on the grant date, the first anniversary, and the third anniversary, with an exercise price of C$0.15 per option [6]. Stock Options Cancellation - The board has cancelled a total of 355,000 stock options with an exercise price of C$1.20 to increase available capacity under the Plan [7]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development in southern Quebec, covering 4,528 hectares [8]. - The La Loutre project is located within the territory of the Kitigan Zibi Anishinabeg First Nation and is 180 kilometers northwest of Montreal [8]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre Project reported 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [10]. - The increase in Indicated Mineral Resources was attributed to a 2022 drilling campaign, which added 41.5 million tonnes compared to the 2021 estimate [10][11]. Additional Projects - The Company also has interests in seven early-stage projects in southern Quebec, covering 328 claims and totaling 18,622 hectares [12].
SAGA Metals Announces Warrant Expiry Acceleration—Reports Over $675,000 of Warrant Money Exercised and Received since January 1, 2026
Globenewswire· 2026-01-22 23:21
Core Viewpoint - SAGA Metals Corp. is accelerating the expiry of outstanding common share purchase warrants, which is expected to generate approximately $3.6 million in additional funding, enhancing the company's financial position and supporting its exploration strategy in 2026 [3][4]. Financing Details - The company issued a total of 6,637,667 warrants and 163,146 finder's warrants in the May Financing, and 555,750 finder's warrants in the October Financing, totaling 7,356,467 warrants [2]. - The acceleration of the warrants' expiry is triggered by the company's common shares closing at or above C$0.75 for 10 consecutive trading days, allowing the expiry date to be set to February 21, 2026 [3]. Financial Position - The company raised $9 million in Q4 2025 and has generated over $675,000 from warrant exercises since the beginning of 2026, positioning it in the strongest financial position in its history [3]. - The influx of funds from the accelerated warrant exercises will bolster the company's treasury and support its strategic initiatives [3]. Project Overview - The Radar Critical Mineral Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km [5][6]. - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [6]. Exploration Plans - The 2026 drill program will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 m) [8]. - Drilling will commence at the southeastern extent of Trapper South and will progress towards Trapper North, aiming to complete the remainder of the MRE drill campaign by spring [8]. Mineralization Results - Confirmed mineralization in 15 out of 15 drill holes, with significant oxide-rich intercepts reported, including grades of up to 50.67% Fe₂O₃, 10.15% TiO₂, and 0.339% V₂O₅ [10]. - The project has demonstrated exceptional grades and thicknesses, with semi-massive to massive oxide reporting up to 64.55% Fe, 13.3% TiO₂, and 0.66% V₂O₅ [10]. Company Background - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals essential for North American supply security, with a portfolio that includes the Radar Ti-V-Fe Project and the Double Mer Uranium Project [12][13]. - The company is strategically positioned to play a significant role in critical mineral security, with properties covering a total of 65,849 hectares [16].
ATERRA Closes $2.78 Million Private Placement
TMX Newsfile· 2026-01-22 21:30
Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) ("ATERRA" or the "Company") is pleased to announce the closing of a non-brokered private placement financing for aggregate gross proceeds of $2,780,000 (the "Offering"). Insiders and consultants of the Company purchased 13% of the Offering. Research Capital Corporation acted as the exclusive finder.The Offering consisted of the issuance of 139 million units (each, a "Unit") at a price of $0.02 per Unit, wit ...
Terra Balcanica Drills Multiple Polymetallic Targets and Extends Mineralized Zones in Bosnia
Globenewswire· 2026-01-22 21:01
Vancouver, British Columbia, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTC:TEBAF) is pleased to announce further assay results from the Phase III drill campaign at the Cumavici Ridge and Brezani targets within its principal Viogor-Zanik project in Bosnia and Herzegovina. Highlights The Brezani drillhole BRE25001A returned 0.43 g/t Au over 55 m from 12 m below surface thus extending gold mineralization to 170 m along strike in the N-S dir ...
Enerev5 Metals Inc. Announces Upsize to its Non-Brokered Private Placement to $445,000 and Upsize to its Securities-for-Debt Transaction to $201,000
Thenewswire· 2026-01-22 20:25
Core Viewpoint - Enerev5 Metals Inc. is increasing the size of its non-brokered private placement and securities for debt transaction, aiming to raise up to $445,000 through the issuance of units priced at $0.01 each, with proceeds allocated for corporate purposes and project costs [1][2]. Group 1: Offering Details - The Company plans to offer up to 44,500,000 units at a price of $0.01 per unit, resulting in gross proceeds of up to $445,000 [1]. - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the holder to acquire one share at an exercise price of $0.05 for five years [1]. - Proceeds from the offering will be used for general corporate and working capital purposes, as well as project review and acquisition costs [1]. Group 2: Debt Settlement - The Company intends to settle up to $200,920 in liabilities by issuing up to 20,092,000 units at a price of $0.01 per unit [2]. - Non-Arm's Length Parties participating in the Debt Settlement will settle eligible debt through the issuance of shares at the same price of $0.01 per share [2]. Group 3: Regulatory and Compliance - Completion of the Debt Settlement is subject to customary closing conditions, including necessary approvals from the Exchange [3]. - All issued securities will be subject to a statutory hold period of four months and one day, in accordance with Canadian securities laws [3]. - The Company may pay commissions to eligible finders in connection with the offering, subject to Exchange approval [3]. Group 4: Company Overview - Enerev5 Metals Inc. is a Canadian exploration company focused on developing critical battery metals projects in stable, mining-friendly jurisdictions [6]. - The Company's strategy includes building a portfolio of early-stage assets to supply ethically-sourced metals essential for the transition to clean energy [6]. - Currently, the Company is advancing lithium exploration in northeastern Nevada and evaluating additional opportunities for long-term growth [6].
C3 Metals Announces Upsize of Previously Announced Bought Deal Private Placement to $24 Million
TMX Newsfile· 2026-01-22 16:30
Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce, due to investor demand the Company and Paradigm Capital Inc. ("Paradigm"), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (the "Underwriters"), have agreed to increase the size of the Company's previously announced bought deal private placement offering (the "Offering"). Under the amended Offering, 22,134,800 common shar ...
Mogotes Metals Announces Closing of C$11.5 Million Bought Deal Offering, Including Full Exercise of the Underwriters' Option
TMX Newsfile· 2026-01-22 14:51
Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined below) of an aggregate of 35,937,500 units of the Company (the "Units") at a price of C$0.32 per Unit for aggregate gross proceeds of C$11,500,000 (the "Offering"), which includes the full exercise of t ...
Hertz Energy Acquires Digital Database for Historic Lake George Antimony Mine, New Brunswick, Canada
TMX Newsfile· 2026-01-22 14:46
Core Viewpoint - Hertz Energy Inc. has acquired a comprehensive digital geological and technical database related to the historic Lake George Antimony Mine, aiming to enhance its bid for the mine and support future exploration efforts [1][3][16]. Acquisition of Database - The acquired database consolidates decades of historical exploration, mining, and technical work at the Lake George Antimony Mine, providing a modern foundation for future evaluations and exploration planning [9][10]. - It includes a fully integrated 3D geological and mine model, historical drill hole data, and supporting files from a 2014 historical mineral resource estimate [10][11][12]. Historical Context of Lake George Mine - The Lake George Antimony Mine was North America's largest primary antimony producer, operating from the 1870s until its closure in 1996 due to poor market conditions [2][4]. - The mine produced 20,220 tonnes of antimony from 1876 to 1990, with operations ceasing primarily due to declining prices rather than resource depletion [4][20]. Future Plans and Exploration - Hertz Energy plans to submit an aggressive bid to acquire the Lake George Antimony Mine when it is put up for tender by the Province of New Brunswick [3][17]. - The company will conduct a thorough review of the acquired database and execute an exploration program on its 100%-owned mineral claims surrounding the mine [17][21]. Strategic Importance of Antimony and Tungsten - Antimony and tungsten are designated as critical minerals in Canada, essential for various strategic and industrial applications [17][24]. - The global market for antimony is experiencing significant price increases due to supply constraints, particularly following China's export restrictions [26][27]. Project Overview - The Lake George Antimony-Tungsten-Gold Project encompasses approximately 2,104 hectares and is strategically located around the historical mine site [18][24]. - The project is positioned within a well-developed mining jurisdiction with excellent infrastructure, enhancing its potential for future exploration and development [24][31].
Lithium Corporation Highlights Strengthening Market Fundamentals Across Lithium and Rare Earth Sectors
TMX Newsfile· 2026-01-22 14:20
Industry Overview - The lithium and rare earth markets are experiencing strengthening fundamentals, with rising demand and tightening supply leading to multi-year highs in both sectors [1] - Lithium prices have surpassed $20,000 per tonne for the first time since November 2023, driven by strong energy storage demand and disciplined supply conditions [1] - Rare earth prices have seen year-over-year gains approaching 50% due to supply constraints and geopolitical tensions, alongside increasing demand from technology and energy-related industries [1] Market Expectations - Market expectations indicate a sustained recovery in lithium, with battery energy storage deployment projected to account for a growing share of total demand [2] - Significant year-on-year growth of 40-55% is anticipated from data center infrastructure and grid-scale storage segments [2] - Investments in a domestic North American battery materials supply chain are expected to align with rising demand, particularly in Nevada and other U.S. jurisdictions [2] Company Positioning - Lithium Corporation's portfolio is well-aligned with the evolving market landscape, having advanced its rare earth Las Pilas prospect and secured an option agreement for a committed exploration program [3] - The company plans to resume fieldwork on its generative lithium projects in February 2026, contingent on favorable weather conditions, to capitalize on the improving market outlook [3] - The company is focused on securing North America's energy independence through domestic critical mineral resources, leveraging its extensive exploration expertise [4][5]
Latin Metals Provides Spin-Out Transaction Update
Globenewswire· 2026-01-22 13:45
Core Viewpoint - Latin Metals Inc. is progressing with the spin-out of its Para Copper Project and Auquis Copper Project into a wholly owned subsidiary, Latin Explore Inc., through a court-approved plan of arrangement under British Columbia's Business Corporations Act [1]. Shareholder Meeting - A Special Meeting of Shareholders was held on January 14, 2026, where all resolutions related to the spin-out were approved with overwhelming support [2]. - The Arrangement Resolution required at least two-thirds approval from shareholders present, and it received 100% support from the votes cast [3][4]. Court Approval - The Supreme Court of British Columbia granted the final order approving the Arrangement on January 16, 2026 [5]. Financing Details - Latin Metals completed a non-brokered private placement of 30,000,000 subscription receipts for gross proceeds of $3,000,000 at a price of $0.10 per receipt, effective January 10, 2026 [6]. - Each subscription receipt will convert into a unit of Finco, consisting of one common share and one-half common share purchase warrant [7]. Share Exchange and Spin-Out - Following the conversion of subscription receipts, Latin Explore will acquire all common shares of Finco in exchange for shares of Latin Explore [9]. - The spin-out transaction is expected to close in early February 2026, with shareholders entitled to receive fractional shares of Latin Explore based on their holdings in Latin Metals [11][12]. Listing Application - Latin Explore submitted a listing application to the TSX Venture Exchange on December 24, 2025, and expects the shares to be listed by February 28, 2026 [13]. Company Overview - Latin Metals Inc. operates as a copper, gold, and silver exploration company in Peru and Argentina, utilizing a prospect generator model to minimize risk and maximize discovery potential [15].