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Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – What’s Next?
Defense World· 2025-12-07 07:52
Group 1 - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, with an average rating of "Strong Buy" according to MarketBeat [1] - The company has a market capitalization of C$117.73 million, a P/E ratio of -24.00, and a beta of 1.28 [2][3] - Spanish Mountain Gold has a debt-to-equity ratio of 0.26, a quick ratio of 3.03, and a current ratio of 5.99 [2][3] Group 2 - The firm has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.16 [2] - During mid-day trading, shares of Spanish Mountain Gold decreased by 14.8%, trading as low as C$0.23, with a trading volume increase of 229% from the average session volume [5] - The company holds a 100% interest in the Spanish Mountain gold project, which includes approximately 50 contiguous mineral claims and 13 placer claims covering around 10,414 hectares in British Columbia [3]
Dynasty Gold Closes Non-Brokered Financing
Newsfile· 2025-12-05 23:38
Core Viewpoint - Dynasty Gold Corp. is set to close a non-brokered private placement for total gross proceeds of $751,800, which will support its current drill program and the 2026 exploration program [1] Summary by Sections Private Placement Details - The company received subscriptions for 1,255,555 units of non-flow-through common shares, generating proceeds of $226,000. Each unit consists of one common share priced at $0.18 and one-half common share purchase warrant, with whole warrants allowing purchase of one common share at $0.30 for 24 months [2] - The flow-through financing includes 2,390,000 units for proceeds of $525,800. Each flow-through unit consists of one flow-through share at $0.22 and one-half common share purchase warrant, with whole warrants allowing purchase of one non-flow-through common share at $0.33 for 24 months [3] Use of Proceeds - Gross proceeds from the flow-through offering will be allocated to incur "Canadian exploration expenses" related to the Thundercloud gold project in Ontario, with proceeds renounced to subscribers by December 31, 2025 [4] Company Overview - Dynasty Gold Corp. is a Canadian mineral exploration company focused on gold exploration in North America, particularly the Thundercloud property in Ontario and the Golden Repeat project in Nevada [6]
Aben Gold Signs Option Agreement with Kingfisher Metals for Forrest Kerr Project in the Golden Triangle
Globenewswire· 2025-12-04 10:00
Core Viewpoint - Aben Gold Corp. has entered into an option agreement with Kingfisher Metals Corp. for Kingfisher to acquire a 100% interest in the Forrest Kerr Project over a three-year period, involving a total commitment of CAD $2.7 million in cash and shares [1][2]. Agreement Details - The option agreement allows Kingfisher to earn 100% interest in the Forrest Kerr Project by making cash payments and issuing shares totaling CAD $2.7 million over three years [2]. - The cash payment schedule includes: - CAD $150,000 on the closing date - CAD $150,000 within six months - CAD $200,000 within twelve months - CAD $700,000 within thirty-six months - The share issuance will total CAD $1.5 million, with the deemed price being the higher of the 5-day VWAP or the last closing price less a maximum allowable discount of 25% [3]. Project and Company Focus - Aben Gold will receive CAD $2.7 million in cash and shares, allowing the company to focus on its flagship Justin Gold Project in Yukon, while Kingfisher will operate the Forrest Kerr Project during the option period [4][5]. - Kingfisher Metals Corp. is focused on copper-gold exploration in the Golden Triangle of British Columbia and has consolidated a significant land position in the region [5]. Company Background - Aben Gold Corp. is a Canadian gold exploration company with projects in Yukon and British Columbia, aiming to increase shareholder value through new discoveries [7]. - The company has 23.2 million shares outstanding [8].
Aben Gold Signs Option Agreement with Kingfisher Metals for Forrest Kerr Project in the Golden Triangle
Globenewswire· 2025-12-04 10:00
Core Viewpoint - Aben Gold Corp. has entered into an option agreement with Kingfisher Metals Corp. for Kingfisher to acquire a 100% interest in the Forrest Kerr Project over a three-year period, involving a total commitment of CAD $2.7 million in cash and shares [1][2]. Agreement Details - The option agreement allows Kingfisher to earn 100% interest in the Forrest Kerr Project by making cash payments and issuing shares totaling CAD $2.7 million over three years [2]. - The cash payments and share issuance schedule is as follows: - On Closing Date: CAD $150,000 cash and CAD $500,000 in shares - Within 6 months: CAD $150,000 cash and CAD $500,000 in shares - Within 12 months: CAD $200,000 cash and CAD $500,000 in shares - Within 36 months: CAD $700,000 cash [3]. Project and Company Background - The Forrest Kerr Project consists of 50 mineral claims covering approximately 20,197 hectares located in the Golden Triangle of British Columbia [1]. - Kingfisher Metals Corp. is focused on copper-gold exploration in the Golden Triangle and has consolidated a significant land position in the region, including the 933 km² HWY 37 Project and the 202 km² Forrest Kerr Project [5]. - Aben Gold Corp. aims to enhance shareholder value through new discoveries and development of exploration projects in favorable jurisdictions, with its flagship project being the 7,400-hectare Justin Gold Project in Yukon [7].
Precore Gold Begins Brownfield Exploration Program at Flagship Arikepay Project
Globenewswire· 2025-12-02 10:30
Core Viewpoint - Precore Gold Corp. has initiated a brownfield exploration program at its Arikepay Project in Arequipa, Southern Peru, following a successful site visit and review of historical drill results [1][2]. Group 1: Exploration Program Details - The exploration program is based on the recovery of historical drill core and cuttings, which showed promising results in previous campaigns [2]. - The geological team has outlined a clear methodology to unlock the property's value, including obtaining necessary drilling permits [3]. - The project is located in a well-established mining region, which has already granted environmental approvals for past drilling activities, facilitating current permitting requests [5]. Group 2: Community and Environmental Engagement - The company is prioritizing environmental and community work, with plans for a community outreach program set to commence in December [5]. - An update to the existing Certificate of Non-Existence Archaeological Remains (CIRA) will be conducted as the exploration program progresses [5]. - The access road to the project will be refreshed to ensure ease of access for technical teams and contractors [6]. Group 3: Technical Exploration Plans - Pre-drilling exploration work will include high-resolution downhole imaging to define the geometry of gold mineralization [10]. - A geophysical survey, such as induced polarization, will be conducted to understand the concentrations of sulfide associated with gold mineralization [10]. - Historical drilling data indicates significant intercepts, including 420 meters at 0.91 g/t Au, 1.16 g/t Ag, and 0.04% Cu from hole AK-DDH-02-17 [15]. Group 4: Company Background and Strategic Focus - Precore Gold is a Canadian junior gold exploration company focused on building a portfolio of exploration projects with strong gold discovery potential [20]. - The company aims to capitalize on opportunities in politically stable jurisdictions with promising historical drilling results that have not seen follow-up work in years [20]. - The Arikepay Project is positioned adjacent to several important operating mines, enhancing its development potential [7].
St-Georges Reports Improved Financial Results for the Six Months Ended September 30, 2025
Thenewswire· 2025-12-01 13:10
Core Insights - St-Georges Eco-Mining Corp. reported a net income of $56,346 for the six months ended September 30, 2025, a significant improvement from a net loss of $1,427,171 during the same period in 2024 [1] - The company's subsidiary, EVSX Corp., generated its first-ever revenue of $55,873 from battery processing operations at its facility in Thorold, Ontario [1][4] - The company has a diversified portfolio of assets and patent-pending intellectual property across several subsidiaries, including advanced battery processing, metallurgical R&D, and high-grade mineral exploration projects [3] Financial Highlights - Net income for the six months ended September 30, 2025, was $56,346 [1] - Total assets amounted to $29,498,376 [4] - Shareholders' equity stood at $22,626,732 [4] - Operating losses were reduced compared to prior periods [4] Operational Developments - EVSX's facility includes one multi-chemistry processing line and one specialized circuit, both of which operated intermittently during the reporting period [1] - St-Georges Metallurgy Corp. recorded revenues of $31,500 in October and $8,180 in November 2025 from the sale of residual materials generated by legacy R&D initiatives [4] - A new high-grade nickel-copper-PGE target zone was identified at the Manicouagan Project and disclosed in November 2025 [4]
BULGOLD Announces Filing of Third Quarter Financial Results for the Three and Nine Months Ended September 30, 2025
Globenewswire· 2025-11-21 12:30
Core Insights - BULGOLD Inc. reported a net comprehensive loss of $111,218 for Q3 2025 and $263,647 for the nine months ending September 30, 2025, with a cash balance of $846,652 as of the same date [1][2]. Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling 100% of three gold projects in Bulgaria and Slovakia [2]. - The company's projects include the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project, which are believed to have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [2]. Shareholder Information - As of September 30, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by Founders, Directors, and Management [3].
Brightstar secures court and shareholder approval for Aurumin acquisition
Yahoo Finance· 2025-11-20 10:17
Brightstar Resources has secured approval from the Supreme Court of Western Australia (WA) and the shareholders of Aurumin to acquire all fully paid ordinary shares and options in the gold exploration company. The transaction, executed via a court-sanctioned share and option scheme of arrangement under Part 5.1 of the Corporations Act 2001, will result in Aurumin shareholders receiving new Brightstar options as all Aurumin options are cancelled. With the court's approval in place, Aurumin plans to lodge ...
Lodestar Metals Closes Second Tranche of Financing
Newsfile· 2025-11-13 22:59
Core Points - Lodestar Metals Corp. has closed a second tranche of its non-brokered private placement financing, issuing 3,139,667 units at a price of $0.075 per unit, resulting in gross proceeds of $235,475 [1] - Each unit consists of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2] - The proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada and for working capital [4] Summary by Sections Financing Details - The second tranche of the offering involved the issuance of 3,139,667 units at $0.075 per unit, generating gross proceeds of $235,475 [1] - Each unit includes one common share and one-half share purchase warrant, with the full warrant allowing the purchase of one additional share at $0.12 for two years [2] - The company has the right to accelerate the expiry date of the warrants if the share price meets certain conditions [2] Use of Proceeds - The funds raised will be used for exploration and drilling activities on the Goldrun Project in Nevada, as well as for general working capital [4] Company Overview - Lodestar Metals Corp. is a Canadian gold exploration company focused on the Goldrun Project, which is strategically located on a major gold trend in Nevada [6] - The company aims to build a compliant gold resource that provides lasting shareholder value through a disciplined approach to discovery [6]
GoldHaven Advances Exploration With First Drill Hole Completed at Western Target, Copeçal Project
Globenewswire· 2025-11-12 14:00
Core Viewpoint - GoldHaven Resources Corp. has successfully completed its fifth diamond drill hole (CO-05) at the Copeçal Project in Brazil, marking a significant step in the exploration of the Western Target area following previous drilling at the Eastern Target [1][7]. Group 1: Drilling Progress and Results - Hole CO-05 was drilled to a depth of 140 metres, intersecting a clay-rich saprolite horizon from the surface to approximately 60 metres downhole, which is about 50 metres in vertical depth [2][7]. - Beneath the saprolite, the drilling encountered competent bedrock consisting of sheared basement gneiss and muscovite schist, supporting the interpretation of structural continuity across the project area [2][7]. - The company plans to drill an additional three holes as part of the ongoing reconnaissance program to systematically evaluate gold-in-soil and very-low-frequency electromagnetic anomalies across both Eastern and Western Targets [4][7]. Group 2: Future Plans and Assay Results - Assay results for holes CO-01 and CO-02, drilled at the Eastern Target, are expected within the next two weeks, while results for holes CO-03 through CO-05 will be announced once validated and reviewed [5][6]. - The company will continue to advance the exploration program by integrating geological, structural, and geochemical data to refine targeting along both anomalies [6][8]. Group 3: Project Background and Geological Context - The Copeçal Gold Project is located within the Alta Floresta Gold Province, a historically productive area known for significant gold discoveries since the late 1970s, covering a total of 3,681 hectares [9][10]. - The Juruena Gold Province, where the project is situated, is recognized for its potential for various gold deposit types, including mesothermal shear-related and intrusion-related deposits, highlighting the project's significant mineralization potential [10][13]. - Historical exploration by AngloGold Ashanti from 2010 to 2016 has confirmed gold and arsenic anomalies, indicating substantial mineralization potential in the area [11][13].