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First Hole Completed in Timmins Area Diamond Drill Program
Thenewswire· 2026-01-19 12:30
Core Viewpoint - Noble Mineral Exploration Inc. has announced the results of its first drill hole in Carnegie Township, Ontario, indicating promising mineralization, particularly in zinc, copper, silver, and lead, as part of a partnership with Canada 11530313 Canada Inc. [1][8] Drilling Results - The first drill hole, CG-25-01, revealed a 6.5-meter section with 0.64% zinc, including a 1-meter section with 1.90% zinc, found in graphitic sediment with 5% pyrrhotite and local concentrations of 10-15% [2]. - The drilling program includes two 500-meter holes, with the first hole completed despite challenging weather conditions [1]. Geophysical Surveys - A Mise à la Masse (MALM) survey was conducted in the anomalous section to map conductive ore bodies, revealing continuity and shape at the surface [3]. - A surficial magnetometer survey detected a magnetic anomaly coinciding with the MALM anomaly, indicating the zone is both magnetic and electromagnetic, facilitating surface tracing with traditional techniques [5]. Future Plans - An additional hole, CG-25-02, is planned approximately 200 meters northwest to intersect the same zone at a vertical depth of about 200 meters, with two more holes scheduled for Southwest Carnegie Township [7]. - Noble retains a 5-year Exploration Right for volcanogenic massive sulphide mineralization and precious metals on lands recently transferred to Canada Nickel [7]. Company Overview - Noble Mineral Exploration Inc. is a junior exploration company based in Canada, holding various mineral and exploration rights across approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec [9][11]. - The company has interests in several projects, including Project 81, which hosts diversified drill-ready targets for gold, nickel-cobalt, and base metals [12].
Canex Metals Achieves Over 49% Support for Its Offer to Purchase Shares of Gold Basin Resource With Additional Tenders Pending, Extends Its Offer Until January 29
Accessnewswire· 2026-01-19 12:30
CALGARY, AB / ACCESS Newswire / January 19, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce significant support for its offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) and has extended the Offer deadline to January 29, 2026. This extension will facilitate shareholders of Gold Basin ("Gold Basin Shareholders") who are experiencing delays in tendering in part related to the ...
SER partners with Sumitomo on joint exploration at Bulimba Gold Project
Yahoo Finance· 2026-01-19 12:20
Core Viewpoint - Strategic Energy Resources (SER) has entered a non-binding term sheet for an exploration joint venture with Sumitomo Metal Mining Oceania (SMMO) for the Bulimba Gold Project in Queensland, Australia [1][4]. Group 1: Joint Venture Details - The agreement allows Sumitomo to earn up to an 80% interest in the Bulimba Gold Project through an expenditure of A$6 million (approximately $4.02 million) and 7,500 meters of drilling over five years [2]. - An additional 10% interest can be earned by completing a definitive feasibility study (DFS) [3]. - Sumitomo is required to reimburse SER A$100,000 within 14 days of executing the agreement for prior expenditures [5]. Group 2: Financial Commitments - Sumitomo must commit to a minimum expenditure of A$600,000 within the first 12 months, after which it may withdraw, allowing SER to retain full ownership [5]. - In the first earn-in phase, Sumitomo can acquire an initial 51% interest by spending A$3 million over three years, which must include at least 2,500 meters of drilling [5]. - In the second earn-in phase, Sumitomo can increase its stake to 80% by investing an additional A$3 million over two years, which must include a minimum of 5,000 meters of drilling [6]. Group 3: Project Significance - The Bulimba project is located in a region with over 20 million ounces of gold endowment, indicating significant mineral potential [3]. - The project encompasses four exploration licenses, with an option to include additional adjoining tenements [4]. - If either party's interest falls below 10%, it will convert to a 2% net smelter return royalty [7].
Evergold Announces Changes to Management Team and Board
Globenewswire· 2026-01-19 12:00
Core Viewpoint - Evergold Corp. has undergone significant management changes, appointing Alex Walcott as President and CEO, and Charles Greig as Executive Chairman, while Kevin Keough and Tracy Albert step down from their roles [2][3][4]. Management Changes - Alex Walcott, with over 25 years of experience in mineral exploration, has been appointed as President and CEO, focusing on advancing the Golden Lion project [3][4]. - Charles Greig, previously Chief Exploration Officer, is now Executive Chairman, expressing confidence in Walcott's leadership [4]. - Leon Ho has been appointed as Chief Financial Officer, replacing Tracy Albert, bringing experience from the mining exploration sector [5]. Strategic Focus - The management changes reflect a strategic repositioning of Evergold, emphasizing the 100%-owned Golden Lion gold-silver project in the Toodoggone district of British Columbia [6]. - The company has entered a strategic partnership with OreGroup to enhance its capital markets strategy and corporate development [6]. Project Development - Evergold is concentrating on the GL1 Main Zone at the Golden Lion project, which has shown promising mineralization with an estimated 100-meter true width envelope of gold and silver [7]. - The company plans to adopt a disciplined, drill-focused exploration approach in the 2026 field season [9].
Opus One Gold Corporation Announces Closing of a Second Tranche of Its Private Placement of Units
Globenewswire· 2026-01-19 12:00
Core Viewpoint - Opus One Gold Corporation has successfully completed a non-brokered private placement, raising a total of approximately $2,569,100 for exploration and working capital purposes [1][2]. Group 1: Private Placement Details - The second and final closing of the private placement involved 5,235,000 units at a price of $0.065 per unit, generating gross proceeds of $340,275 [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.10 per share for 24 months [1]. - The total amount raised from the private placement will be allocated for exploration on mineral properties and general working capital [2]. Group 2: Regulatory and Transactional Aspects - The units were offered under the "accredited investor" exemption in Canada and are subject to a four-month hold period post-closing [3]. - In the second tranche, the company paid $1,067.50 in cash finders fees and issued 43,200 compensation warrants, also exercisable at $0.10 per share for 24 months [4]. - The transactions involving insiders Louis Morin and Charles Chevrette, who acquired 500,000 and 400,000 units respectively, are classified as related party transactions but are exempt from formal valuation requirements [5][6]. Group 3: Company Overview - Opus One Gold Corporation is focused on mining exploration, particularly in the Abitibi Greenstone Belt, a region known for its rich gold deposits [8]. - The company holds assets in the Val-d'Or and Matagami areas, which are strategically located near existing mines [8].
Libra Announces New Appointments to Advisory Board
TMX Newsfile· 2026-01-19 12:00
Core Viewpoint - Libra Energy Materials Inc. has appointed three new members to its Advisory Board, enhancing its expertise in geology, marketing, and social media, which is crucial for its operations in the energy metals sector [1][2]. Group 1: Advisory Board Appointments - Stefano Somma, CEO of 10 Bagger Stocks Corporation, joins the Advisory Board to provide strategic guidance in marketing, investor communications, and capital markets outreach, leveraging his understanding of Canadian investor sentiment [3]. - Néstor Álvarez, a geologist with over 35 years of experience, will offer strategic guidance on exploration and resource development, particularly in Brazil, utilizing his extensive knowledge of various geological models [4]. - Jordan Quinn, Director of Exploration at Nemo Resource Group, brings a decade of experience in exploration strategy and project acquisition, contributing his expertise in project management and discovery-focused results [5]. Group 2: Company Overview - Libra Energy Materials Inc. is focused on discovering and developing critical minerals essential for the green energy transition, with projects in Ontario and Quebec, Canada, and Brazil [6]. - The company is exploring its Flanders North, Flanders South, and Soules Bay-Caron projects under a CAD $33 million earn-in deal with KoBold Metals Company, alongside owning multiple lithium and graphite projects [6].
Enerev5 Metals Inc. Stakes Announces $400,000 Non-Brokered Private Placement and Securities-for-Debt Transaction
Thenewswire· 2026-01-19 12:00
Core Viewpoint - Enerev5 Metals Inc. is initiating a non-brokered private placement to raise up to $400,000 through the issuance of units priced at $0.01 each, which will consist of common shares and warrants [1][2]. Group 1: Private Placement Details - The offering will consist of up to 40,000,000 units, with each unit priced at $0.01, aiming for gross proceeds of up to $400,000 [1]. - Each unit includes one common share and one share purchase warrant, allowing the holder to acquire one share at an exercise price of $0.05 for five years post-closing [2]. - Proceeds from the offering will be allocated for general corporate purposes, working capital, and project review and acquisition costs [2]. Group 2: Debt Settlement - The company plans to conduct a securities for debt transaction to settle up to $105,500 in liabilities by issuing up to 10,555,000 units at a price of $0.01 per unit [3]. - Non-arm's length parties involved in the debt settlement will settle eligible debt through the issuance of shares at the same price of $0.01 per share [3]. Group 3: Insider Participation and Conditions - Certain insiders may participate in the offering, but their total participation is not expected to exceed 25% of the offering [4]. - Completion of both the offering and the debt settlement is subject to customary closing conditions, including necessary approvals from the TSX Venture Exchange [5]. Group 4: Company Overview - Enerev5 Metals Inc. is a Canadian exploration company focused on developing critical battery metals projects in stable, mining-friendly jurisdictions [7]. - The company's strategy involves building a portfolio of early-stage assets to supply ethically-sourced metals essential for the global transition to clean energy [7]. - Currently, the company is advancing lithium exploration in northeastern Nevada and evaluating additional opportunities for long-term growth [7].
Metalsource Announces Change of Directors
TMX Newsfile· 2026-01-19 09:30
Core Viewpoint - Metalsource Mining Inc. has appointed Adam Falkoff as a Director, bringing over 20 years of experience in public policy, diplomacy, and business development to the company [1][2]. Group 1: Appointment Details - Adam Falkoff has advised high-profile leaders including CEOs of Fortune 100 companies, Presidents, and Ambassadors [1][2]. - He has held senior executive roles at CapitalKeys, Amazon, and Microsoft, and is currently the interim president of RARE, The Association for Rare Earth [2]. Group 2: Achievements and Qualifications - Falkoff received the Ellis Island Medal of Honor, a prestigious award for his service to the United States, and has been recognized in the Washington, D.C. Power 100 list [3]. - He holds a BA from Duke University, an MBA and MIM from the Thunderbird School of Global Management, and a Certificate in International Law from the University of Salzburg [4]. Group 3: Company Insights - Joe Cullen, CEO of Metalsource, expressed enthusiasm about Falkoff's appointment, highlighting his expertise in critical minerals as vital for the company's development [5]. - The company has granted Falkoff 450,000 incentive stock options at $1.14 per share, exercisable over five years, with a vesting period of one year [5]. Group 4: Company Overview - Metalsource Mining Inc. is a Canadian mineral exploration company focused on advancing high-potential mineral assets through systematic exploration and value-driven discovery [6].
Germanium Mining Corp. Joins Canadian Association of Defence and Security Industries in Support of Its Ongoing Advancement of The Company's Critical and Strategic Mineral Portfolio
Thenewswire· 2026-01-19 08:05
Core Viewpoint - Germanium Mining Corp. has joined the Canadian Association of Defence and Security Industries (CADSI), enhancing its commitment to the development of critical minerals in Canada and aligning with national security interests [1][2]. Group 1: Membership and Strategic Importance - Membership in CADSI allows the company to engage with defense industry forums, policy roundtables, and technical workshops, facilitating collaboration within Canada's defense and security community [2]. - The company aims to understand evolving defense priorities and contribute to national supply chain resilience through its engagement with CADSI [2]. Group 2: Project Overview - The Lac du Km 35 Property, located 40 kilometers east of Chibougamau in Quebec, is accessible via Highway 167 and forestry roads, covering significant geological formations [3][4]. - The key target is the historical Laganiere Germanium showing, which returned 0.02 percent (186 parts per million) Germanium, and is near untested electromagnetic anomalies [5]. - Recent prospecting in 2024 has shown promising values in nickel, cobalt, copper, and gold, indicating potential for a broader polymetallic system [6]. Group 3: Company Background - Germanium Mining Corp. is focused on the exploration and advancement of discovery-stage mineral properties in top-tier mining jurisdictions across North America [7]. - The company is a member of multiple industry associations, including the Nevada Mining Association and the National Defense Industrial Association (NDIA) [7].
Apex Summarizes Progress to-date and 2026 Outlook at the Rift Rare Earth Project
Accessnewswire· 2026-01-19 08:01
Core Insights - Apex Critical Metals Corp. provided a year-end summary of its 2025 activities and milestones at the Rift Rare Earth Project, highlighting its focus on critical and strategic metals [1] - The company expanded its private holdings within the Elk Creek Carbonatite complex, targeting areas with high potential for rare earth elements (REE) and niobium mineralization [1] - Apex completed comprehensive technical and modeling work, supported by multiple strategic financings throughout 2025 [1] 2025 Activities - The company focused on the identification and development of critical metals, particularly at the Rift Rare Earth Project [1] - Significant progress was made in accumulating and expanding private holdings in the Elk Creek Carbonatite complex [1] - Technical and modeling work was conducted to enhance understanding of the mineralization potential [1] 2026 Outlook - Apex outlined plans for a detailed summary of the upcoming Phase I drill campaign for 2026 [1] - The company aims to leverage its expanded holdings and technical work to advance its exploration efforts [1]