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Elemental signs option agreement for Hachita porphyry copper-gold project sale
Yahoo Finance· 2025-12-05 10:40
Elemental Royalty subsidiary Bronco Creek Exploration has entered into an option agreement with First Quantum Minerals for the sale of the Hachita porphyry copper-gold project in south-western New Mexico, US. The Hachita project is located around 95km south-east of Lordsburg, within the Sylvanite mining district. The project targets Laramide porphyry copper-gold and skarn mineralisation in an underexplored area on the eastern side of the Laramide porphyry belt, expanding exploration coverage across a reg ...
Western Copper and Gold Partners with Little Salmon Carmacks First Nation to Support School and Daycare Meal Programs
Newsfile· 2025-12-04 12:30
Core Points - Western Copper and Gold Corporation has contributed $75,000 to support meal and nutrition programs for the Tantalus Community School and Little Salmon Carmacks First Nation Daycare for the 2025/26 school year [1][3] - The funding aims to ensure that children in Carmacks have access to reliable and healthy food, addressing challenges faced by school nutrition programs due to recent changes in federal support funding [2][4] - The contribution is part of the company's community investment program, Casino Cares, which focuses on youth, education, and community well-being across the Yukon [4][5] Company Commitment - Western Copper and Gold Corporation emphasizes the importance of strong community relationships and is committed to supporting initiatives that enhance opportunities for youth and contribute to a positive legacy [5][10] - The company is advancing the Casino Project, which is recognized as one of the most economic greenfield copper-gold mining projects globally, while maintaining a collaborative approach with First Nations and local communities [10] Community Impact - Little Salmon Carmacks First Nation has prioritized health and wellness programs for children and families, providing daily access to nutritious meals through its initiatives [6][8] - The First Nation advocates for sustainable, long-term solutions to education and nutrition funding, aiming to maintain consistent programs that support student success [9]
FireFly set for nine-rig exploration and growth campaign after highly successful ~A$139m raising
Globenewswire· 2025-12-03 23:22
Proceeds will be used to continue growing and upgrading the Mineral Resource and advance Upscaled Economic Studies in lead up to a Final Investment DecisionNot for distribution to U.S. news wire services or dissemination in the United States. Green Bay Copper-Gold Project, Canada FireFly has received firm commitments totalling approximately A$134.1m (before costs) via a Charity Flow-Through Placement, Institutional Placement, and Canadian bought deal financingFireFly also intends to undertake a non-underwri ...
ATEX Provides Corporate Update
Newsfile· 2025-11-27 21:54
Core Points - ATEX Resources Inc. has granted a total of 1,994,261 incentive stock options to employees, with 990,245 options granted to officers, each at an exercise price of $2.60 over five years [1] - The company has also granted 262,096 restricted share units (RSUs) to directors and 389,280 RSUs to employees, with specific vesting schedules [1] - ATEX's common shares are now eligible for electronic clearing and settlement in the U.S. through the Depository Trust Company (DTC), enhancing liquidity [2][3] - The company's shares began trading on the OTCQB under the ticker symbol "ATXRF" on September 23, 2025, while continuing to trade on the TSX Venture Exchange under "ATX" [2] Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, within a significant copper-gold porphyry mineral belt [4] - The Valeriano project hosts an Indicated Resource of 475 million tonnes at 0.88% CuEq and an Inferred Resource of 1,511 million tonnes at 0.75% CuEq, as reported on September 23, 2025 [4]
NorthWest Reports Results from Two Holes at Its Kwanika Property Highlighted by 26 Metres of 0.72% Copper and 1.30 g/t Gold (1.91% CuEq) from 268 Metres
Globenewswire· 2025-11-27 15:07
Core Viewpoint - NorthWest Copper Corp. announced positive drill results from its Kwanika project, confirming the presence of higher-grade copper-gold mineralization and enhancing the project's open pit potential [1][2][3]. Group 1: Drill Results - Drill hole K-25-281 reported an intercept of 26 metres grading 0.72% Cu and 1.30 g/t Au, with a copper equivalent (CuEq) of 1.91% [1]. - Drill hole K-25-282 showed 75.7 metres of 0.93% Cu and 0.30 g/t Au, with a CuEq of 1.23% [4][20]. - Both holes demonstrated broad intervals of near-surface mineralization, indicating strong potential for a high-grade starter pit [2][4]. Group 2: Strategic Focus - The company shifted its strategy in 2025 to prioritize higher-grade zones within the existing mineralization at Kwanika, aiming to enhance the economics of a future Preliminary Economic Assessment (PEA) [3][7]. - The exploration program is designed to confirm and expand the understanding of higher-grade copper-gold mineralization, supporting alternative bulk mining methods [7][6]. Group 3: Geological Insights - Hole K-25-281 extended the upper Central Zone by 30 metres to the northeast, confirming higher-grade mineralization over substantial thicknesses [5][16]. - A potential link between the Central Zone and Pit Zone was identified, with increasing gold-to-copper ratios observed [6][19]. - Hole K-25-282 confirmed a separate, copper-dominant high-grade mineralized zone within the Pit Zone, which may extend toward the Central Zone [19][17]. Group 4: Future Plans - The company anticipates announcing initial metallurgical test results by the end of the year, which will support an updated mineral resource estimate [3]. - The objective is to deliver a more capital-efficient and economically robust development plan in the updated PEA compared to the previous assessment [3].
First Diamond Drillhole Confirms Gold-Rich Major Copper Discovery in Coastal Chile
Prnewswire· 2025-11-27 12:00
Core Insights - Hot Chili Limited has reported significant drilling results from its La Verde copper-gold discovery, indicating a promising expansion of its mineral resource base and future operational scale [2][4][10] Drilling Update - The second phase of diamond drilling commenced on September 22, 2025, with six drillholes completed, aiming to extend the initial discovery footprint of +0.2% Cu by 750 m laterally and 400 m in depth [3][4][8] - The standout result from drillhole DKD032 showed 529 m grading 0.41% Cu and 0.21 g/t Au, with notable intervals including 148 m grading 0.60% Cu and 0.30 g/t Au from 70 m depth [5][6] Mineralization Insights - The new drill results confirm the convergence of higher-grade Cu-Au mineralization centers at depth, significantly expanding the vertical and lateral extent of the northeastern higher-grade mineralization center [6][8] - The vertical extent of the mineralization system has been pushed to approximately 600 m deep, with further lateral growth to the east and west [8] Future Implications - The drilling results have implications for the growth of Hot Chili's Costa Fuego Mineral Resource base, potentially adding significant open pit material to the mine schedule and enhancing financial metrics for the March 2025 Pre-feasibility Study [4][10] - Assay results for five remaining diamond drillholes are pending, with expectations for further updates in the coming weeks [9][10]
Atico Reports Multiple High-Grade Intercepts up to 8.70m of 11.44% Cu, 14.65 g/t Au and 6.16m of 13.32% Cu, 2.79 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia
Globenewswire· 2025-11-24 13:00
Core Insights - Atico Mining Corporation announced positive results from 19 drill holes at the El Roble mine, indicating potential for expanding tonnage and discovering new mineralization [1][2] - The ongoing drilling campaign aims to enhance confidence in the presence of high-grade copper and gold mineralization within and beyond historically defined bodies [2] Exploration Drilling Results - Significant assay results include: - Hole ATDM-061: 8.70m of 11.44% Cu and 14.65 g/t Au - Hole ATDM-037: 6.16m of 13.32% Cu and 2.79 g/t Au - Other notable intercepts range from 1.2m to 16.7m with varying copper and gold grades [1][3] Drilling Program Objectives - The 2025 underground drilling program focuses on defining mineralization zones within the main historic massive sulphide body and exploring for new bodies [4] - The program has completed 885.6 meters of drilling in 2025, continuing from the initial phase that began in early 2023 [4] El Roble Mine Overview - The El Roble mine is a high-grade underground copper and gold mine with a processing capacity of 1,000 tonnes per day, located in Colombia [7] - Proven and Probable reserves are estimated at 1.00 million tonnes with a grade of 3.02% copper and 1.76 g/t gold, with mineralization open at depth and along strike [8] Geological Context - Atico has identified a significant stratigraphic contact over ten kilometers, which is crucial for VMS mineralization, and is currently the focus of surface drilling [9]
Euro Sun Mining's Catalyst Cascade: Could A 10x Setup Be Incoming?
Benzinga· 2025-11-21 19:16
Core Insights - Euro Sun Mining is advancing its Rovina/Colnic copper/gold mining project in Romania, aligning with EU mandates for critical mineral supplies [1][3] - The project has seen significant updates, including a new Definitive Feasibility Study (DFS) and an Environmental Impact Assessment (EIA) draft [1][4] - The recent Emergency Ordinance in Romania streamlines the permitting process, facilitating access to EU funds and promoting mining initiatives [3][6] Project Developments - The updated DFS shows a 173% increase in NPV5 to $1,776 million, with an IRR of nearly 39.7%, based on gold prices of $3,300/oz and copper prices of $4.50/lb [4] - The project is expected to produce 403 million pounds of copper and 1.472 million ounces of gold over a 17-year lifespan, with an initial CAPEX of $607.1 million [4] - The EIA submitted includes considerations for biodiversity, hydrology, and socioeconomic impacts, indicating a comprehensive approach to environmental management [6] Financial Position - Euro Sun Mining secured a $200 million financing package led by Trafigura, which includes construction financing and an offtake agreement, reducing the need for equity dilution [5] - The company's market capitalization is approximately $100 million, with an enterprise value significantly lower than the updated NPV metrics, suggesting potential investment opportunities [7] Regional Context - The Golden Quadrilateral region has a history of gold production but has faced challenges in modern mining efforts due to environmental and permitting issues [2] - The Emergency Ordinance aims to revitalize Romania's mining sector, which has seen a 60% drop in exploration spending from 2013 to 2018 due to previous project failures [2][3] - The Rovina project incorporates robust environmental practices, including cyanide-free production and a tree-replanting protocol [2]
NorthWest Reports Near Surface Intercept of 44.0 Metres of 0.62% Copper and 0.42g/t Gold (1.01% CuEq) at Kwanika from 172 Metres
Globenewswire· 2025-11-19 15:52
Core Insights - NorthWest Copper Corp. announced positive assay results from drill hole K-25-278 at the Kwanika project, confirming near-surface copper-gold mineralization with significant intercepts [1][2][5] Drill Hole Highlights - Drill hole K-25-278 intersected two broad zones of mineralization: - Pit Zone: 80 metres of 0.59% Cu and 0.16 g/t Au (0.75% CuEq) from 47 metres, and 44 metres of 0.62% Cu and 0.42 g/t Au (1.01% CuEq) from 172 metres [3][16] - Central Zone: 36 metres of 0.65% Cu and 0.64 g/t Au (1.25% CuEq) from 222 metres, including 10 metres of 0.79% Cu and 0.77 g/t Au (1.50% CuEq) from 222 metres [3][16] Geological Insights - The results indicate an east-west lateral metal zonation trend, with gold to copper ratios approaching 1:1, providing insights into potential metallurgical recoveries [4][6] - The upper Central Zone was intersected closer to the surface than expected, suggesting a change in geometry as it approaches higher-grade areas [2][6] Future Exploration Plans - The 2025 drill program totals 6,435 metres, focusing on defining higher-grade zones and evaluating underground targets for selective mining methods [5][9] - The company expects to release additional results from the remaining thirteen holes in the coming weeks [5][9] Management Commentary - The CEO of NorthWest highlighted the potential for a high-grade starter pit that could enhance project economics, emphasizing the strong and consistent higher-grade mineralization observed [5][6]
Troilus Upsizes Debt Financing Mandate to US$1 Billion
Globenewswire· 2025-11-19 12:00
Core Insights - Troilus Gold Corp. has increased its debt financing mandate from US$700 million to up to US$1 billion, reflecting strong market conditions and enhanced project economics [1][2][3] - The financing will support the development and construction of the Troilus Project, a significant copper-gold mining operation in Québec, Canada [1][7] - The increase in financing underscores the confidence of lending partners and Troilus' strategic importance in North America's mining sector [2][4] Financing Details - The financing is led by a syndicate of global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada [1] - The expanded mandate is part of a structured financing process initiated in 2024, indicating growing alignment among Troilus' lenders and export credit agency partners [3][5] - Finalization of technical, financial, and environmental due diligence is expected in Q1 2026, subject to credit approvals and definitive financing agreements [5] Project Overview - Troilus Gold Corp. is focused on advancing the former Troilus Mine towards production, with a large land position of 435 km² in the Frôtet-Evans Greenstone Belt [7] - A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50,000 tons per day open-pit mining operation [7] - The increase in financing positions the company to deliver a funded construction package for Troilus in 2026, reflecting a disciplined approach to value creation [4]