Mineral Exploration and Development
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Tactical Resources Closes Financing
Accessnewswire· 2026-01-22 19:20
Core Viewpoint - Tactical Resources Corp. has successfully closed a non-brokered private placement, raising a total of $1,308,037.50 through the issuance of 207,625 common shares at a price of $6.30 per share [1]. Group 1 - The private placement was conducted without a broker, indicating a direct approach to capital raising by the company [1]. - The shares issued are subject to a statutory hold period of four months plus one day, in compliance with applicable securities legislation [1].
Galway Metals Reports Robust PEA Results with 33% and 61% After Tax IRR, Using both Long Term and Spot Pricing Scenarios, Respectively
Accessnewswire· 2026-01-21 22:30
The second option is to construct our own mill. The toll-milling option is clearly a quicker and more efficient way to achieve production with a more modest capital expenditure of $117 million as well. Financially, the project is estimated to be a low-cost producer with AISC of US$1,987 per ounce. Management will push both the toll mill and build our own mill scenarios as we move forward. Our plans for the next 12 months are to continue to further optimize the project. More specifically, a work program full ...
Wide, High-Grade Lithium Intercepts at Vega Zone, and New High-Grade Discovery at CV13
Prnewswire· 2026-01-21 22:00
Core Insights - The 2025 drill campaign at the Shaakichiuwaanaan Property has yielded the best lithium intercepts reported to date from the high-grade Vega Zone, with significant spodumene mineralization identified [2][3] - A new high-grade lithium zone named "Helios" has been discovered at CV13, indicating ongoing exploration success beyond the Vega Zone [2][3] - The total drilling completed in 2025 amounted to 57,024 meters across 245 holes, with results for lithium and tantalum reported for 15,081 meters [5][24] Lithium Results - Notable lithium intercepts from the Vega Zone include: - 55.0 meters at 2.58% Li2O, including 29.9 meters at 4.11% Li2O (CV25-1006) - 24.7 meters at 4.00% Li2O, including 7.0 meters at 6.04% Li2O (CV25-1017A) - 31.2 meters at 2.07% Li2O, including 1.1 meters at 7.32% Li2O (CV25-1023) [5][20] - The Helios Zone has reported: - 8.8 meters at 2.97% Li2O, including 5.4 meters at 4.60% Li2O (CV25-984) - 6.4 meters at 2.61% Li2O, including 4.1 meters at 3.94% Li2O (CV25-977) [5][15] Tantalum and Caesium Results - Tantalum results are pending for several holes, with overlimit analysis triggered for multiple holes, including those in the newly discovered Helios Zone [2][10] - Core assay results for caesium are also pending for the CV13 Pegmatite, with significant overlimit analysis required [9][10] Geological Context - The Shaakichiuwaanaan Property is recognized as hosting one of the largest pegmatite mineral resources globally, with robust infrastructure support for year-round access [7] - The 2025 drilling campaign included extensive testing of multiple Li-Cs-Ta pegmatite prospects, contributing to a comprehensive understanding of the geological framework [8][25] Future Developments - The geological team is currently interpreting the 2025 drill hole data to enhance geological models for the CV5 and CV13 pegmatites, with plans for an updated economic study in the second half of 2026 [25] - An underground bulk sample of mineralized pegmatite at CV5 is currently being permitted, indicating a focus on advancing the project towards development [25]
Tactical Resources Announces Financing
Accessnewswire· 2026-01-20 22:00
Core Viewpoint - Tactical Resources Corp. is planning a non-brokered private placement to raise up to $1,350,000 through the issuance of 214,285 common shares at a price of $6.30 per share [1] Group 1 - The company intends to complete the offering in accordance with the policies of the TSX Venture Exchange [1] - The size of the offering may be adjusted at the company's discretion [1]
NexMetals Outlines 2026 Technical Work Programs to Advance Selebi and Selkirk Deposits in Botswana and Accelerates CEO Transition
TMX Newsfile· 2026-01-15 12:00
Core Viewpoint - NexMetals Mining Corp. is positioned to accelerate resource growth and advance its Selebi and Selkirk projects in Botswana in 2026, following successful developments in 2025 [1][5]. Achievements in 2025 – Setting the Foundation for Growth - The company secured unencumbered title to the Selebi and Selkirk assets in Botswana after completing a milestone payment [5]. - A strengthened balance sheet was achieved through strategic financings to support exploration and development [5]. - The drill program advanced to target the two-kilometer gap between the Selebi Main and Selebi North deposits [5]. - Surface and underground exploration drilling expanded the mineralized footprint and improved geological understanding [5]. - Successful bench-scale testing of metallurgical flowsheets demonstrated the potential for producing high-grade, saleable copper and nickel cobalt concentrates [5]. 2026 Strategy Highlights – Moving Toward Economic Studies - The company plans to complete a Mineral Resource Estimate (MRE) update in H1 2026 and a Preliminary Economic Assessment (PEA) in H2 2026 [5][8]. - The Selebi Main surface drilling program will involve approximately 30,000 meters of drilling targeting resource expansion [5][8]. - Ongoing metallurgical testing aims to refine and optimize the metallurgical flowsheet for Selebi Mine material [5][8]. - The company expects a steady flow of technical results throughout 2026, which will significantly advance the projects [7]. Selkirk Mine – What to Expect in H1 2026 - The metallurgical drill program at Selkirk has been successfully completed, supporting resource modeling and future economic studies [5]. - The drill core resampling program at Selkirk was completed, which is essential for the upcoming MRE update [5]. - Assay results from exploration drilling and soil sampling programs are anticipated to provide further insights into resource potential [5].
Galway Metals Enters Into Option and Joint Venture Term Sheet With DOWA METALS & MINING CO., LTD. for its Estrades Project
Accessnewswire· 2026-01-14 22:30
Core Viewpoint - Galway Metals Inc. has entered into a binding Option and Joint Venture Term Sheet with DOWA METALS & MINING CO., LTD., allowing DOWA to earn up to a 45% interest in the Estrades Gold and Zinc Project in Quebec, Canada, along with zinc concentrate offtake rights [1][2]. Group 1: Joint Venture Details - DOWA can earn a 45% participating interest in the Estrades project through three phases of funding, totaling up to US$25 million [1][2]. - Phase I involves a US$5 million investment for a 10% interest and the right to purchase 50% of the zinc concentrate produced [3]. - Phase II requires an additional US$10 million investment, increasing DOWA's interest to 30% and zinc offtake rights to 75% [4][5]. - Phase III, with another US$10 million, would grant DOWA a total of 45% interest and 100% zinc offtake rights, focusing on feasibility study preparation [6]. Group 2: Project Background - The Estrades project is a 100%-owned asset of Galway Metals, located in the Abitibi region, known for its high-grade, gold-rich polymetallic VMS deposits [1][8]. - Galway Metals is also advancing its flagship Clarence Stream gold project, which has a significant exploration strike length and is open in virtually all directions [8]. Group 3: Management and Expertise - Robert Hinchcliffe, President & CEO of Galway Metals, emphasized the value of partnering with DOWA, citing their expertise in zinc concentrate processing and project development [2]. - The management team of Galway Metals has a proven track record, having previously sold Galway Resources for US$340 million, indicating strong potential for shareholder value creation [9].
Avalon to Brief Stakeholders on North American Rare Earth and Lithium Strategy
TMX Newsfile· 2026-01-14 21:30
Core Viewpoint - Avalon Advanced Materials Inc. is hosting a webinar on January 20, 2026, to discuss its critical minerals platform and strategic growth initiatives, focusing on its Nechalacho Rare Earth Elements and Zirconium Project and plans for lithium supply chain integration [1][2]. Group 1: Company Overview - Avalon Advanced Materials Inc. is a Canadian critical minerals company focused on developing strategic assets essential for a resilient North American supply chain [4]. - The company is advancing the Nechalacho Rare Earth Elements and Zirconium Project, which contains all light and heavy rare earth elements, as well as yttrium, zirconium, tantalum, and niobium [4]. - Avalon is also working on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc.'s lithium hydroxide processing facility in Thunder Bay, Ontario [4]. Group 2: Strategic Initiatives - The Nechalacho Project is highlighted as one of the largest and highest-quality North American resources for rare earth elements, which are critical for defense, clean energy, and advanced technology supply chains [2]. - Avalon plans to develop a lithium hydroxide processing facility to connect northern Ontario's lithium resources with the growing electric vehicle battery manufacturing base in southern Ontario and North America [4]. - The company is advancing the Separation Rapids Lithium Project through a joint venture with SCR Sibelco NV and is continuing exploration at its Snowbank lithium and Lilypad lithium-cesium deposits [4]. Group 3: Webinar Details - The webinar will feature Avalon's President and CEO Scott Monteith and CFO Lorin Crenshaw, who will provide insights into the company's initiatives and market positioning [2]. - A live Q&A session will follow the presentation, allowing investors to engage directly with company leadership [2][3].
Bravo Increases Previously Announced Offering of Common Shares to C$75 Million and C$34.75 Million Concurrent Private Placement
Globenewswire· 2026-01-13 14:59
Group 1 - Bravo Mining Corp. has increased its bought deal of common shares to 17,050,000 shares at a price of C$4.40 per share, resulting in gross proceeds of approximately C$75 million [1] - The offering is expected to close on or about January 20, 2026, subject to customary closing conditions and approvals from the TSX Venture Exchange [1] - The underwriters have an option to purchase up to an additional 15% of the offering to cover over-allotments within 30 days following the closing [1] Group 2 - Bravo has entered into a non-binding indicative term sheet with Orion Mine Finance Management LLP for a private placement of 7,897,727 common shares at the offering price, generating gross proceeds of C$34,750,000 [2] - Orion intends to provide up to US$300 million in financing support, contingent upon the satisfaction of mutually agreed milestones [2] - The concurrent private placement is subject to customary conditions, including the completion of the offering and necessary approvals from the TSX Venture Exchange [2] Group 3 - The net proceeds from the offering and the concurrent private placement will be used to advance the Luanga PGM+Au+Ni Project, expand mineral resources, and for general working capital [3] - The company aims to complete a preliminary feasibility study and, if warranted, a feasibility study for the Luanga project [3] Group 4 - Bravo Mining Corp. is focused on advancing its PGM and copper-gold Luanga Project located in the Carajás Mineral Province, Brazil [6] - The company has a proven track record in mineral exploration and development, particularly in PGM, nickel, and copper discoveries [7] - The Luanga Project benefits from its location on mature freehold farming land with access to existing infrastructure and a mining-experienced workforce [8]
Atlas Critical Minerals Commences Trading On NASDAQ Under Ticker Symbol "ATCX"
TMX Newsfile· 2026-01-13 12:30
Core Viewpoint - Atlas Critical Minerals Corporation has commenced trading on the Nasdaq Capital Market under the ticker symbol "ATCX," marking a significant milestone for the company and enhancing its visibility and access to institutional investors [1]. Company Overview - Atlas Critical Minerals is focused on the exploration and development of projects in rare earths, nuclear-grade graphite, and uranium, which are essential for advanced technology applications, energy transformation, and defense uses [1][10]. - The company controls over 218,000 hectares of mineral rights, representing one of the largest critical minerals portfolios among publicly traded companies, with assets located in Brazil, which has the world's second-largest rare earth deposits after China [1]. Rare Earths Portfolio - The rare earths portfolio includes 53,939 hectares across 33 mineral rights in Minas Gerais and Goiás states [3]. - The Alto do Paranaíba Project features high-grade conglomerate-type formations with surface samples showing results as high as 29,870 ppm for Total Rare Earths Oxide (TREO) [4][5]. - Initial drilling confirmed near-surface mineralization, with notable results including 12 meters at 5,961 ppm TREO and 6 meters at 7,729 ppm TREO [4][5]. Nuclear-Grade Graphite - The Malacacheta Graphite Project achieved a carbon purity of 99.9995%, qualifying for the ultra-premium nuclear graphite market, which commands prices between $25,000 and $35,000 per tonne [5][7]. - The graphite samples' post-purification BET surface area of 0.89 m²/g is comparable to leading deposits, including premium Chinese flake graphite [7]. Uranium Portfolio - The company holds 143,725 hectares across 39 mineral rights in Brazil, strategically positioned near areas with high uranium potential [8]. - Brazil ranks among the top ten countries in uranium reserves, providing significant exploration opportunities in an underexplored jurisdiction [8]. Revenue-Generating Operations - The Rio Piracicaba Iron Ore Project commenced operations in late November 2025, with iron ore shipments occurring six days a week [9]. - The project has demonstrated resources of 7,852,912 tons at an average grade of 32% Fe, with the ability to concentrate the material to 64.8% sinter feed product [9].
Guardian Metal Resources PLC Announces Director/PDMR Shareholding
Accessnewswire· 2026-01-13 07:30
Core Viewpoint - Directors of Guardian Metal Resources plc have made recent share purchases, indicating confidence in the company's future prospects [1] Summary by Relevant Categories Director Shareholdings - Oliver Friesen increased his shareholding from 1,060,557 to 1,080,657 shares by acquiring 20,100 shares at a cost of £29,748, representing 0.64% of the issued share capital post-purchase [1] - J.T. Starzecki raised his shareholding from 107,906 to 145,156 shares by purchasing 37,250 shares for £55,356, which accounts for 0.09% of the issued share capital following the transaction [1] Regulatory Compliance - The share dealings were disclosed in accordance with the EU Market Abuse Regulation, ensuring transparency in the directors' transactions [1]