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Altiplano Drills 2.37% Cu, 0.30 g/t Au, and 36.12% Fe over 2.89 m, Including 15.29% Cu, Confirming High-Grade Continuity at Santa Beatriz
Newsfile· 2025-07-15 13:00
Core Insights - Altiplano Metals Inc. has reported positive assay results from its inaugural drill program at the Santa Beatriz Iron Oxide Copper Gold (IOCG) mine, confirming high-grade continuity of the vein system [2][4][5] - The drilling program, which covered 655.6 meters, confirmed vein continuity over 100 meters along strike and approximately 40 meters down dip, with a weighted average grade of 1.33% Cu, 0.20 g/t Au, and 29.00% Fe [5][10][12] - The best interval from the drilling was 2.89 meters grading 2.37% Cu, 0.30 g/t Au, and 36.12% Fe, including a high-grade sample of 15.29% Cu over 35 cm [5][12][17] Company Developments - The results support the company's plan to advance mine development into deeper levels, which could supply material to the nearby El Peñón processing facility [4][20] - Geological observations indicate broader exploration potential within the property, with signs of porphyry-style mineralization at depth [5][17] - Altiplano has generated over C$23.8 million from the recovery and sale of copper, with cash reinvested into exploration and development activities [20][21] Technical Details - The drilling targeted extensions of the main vein below Level 414, with significant mineralization observed in the core samples [10][11] - The mineralized structure comprises massive magnetite with bands of chalcopyrite and lesser pyrite, with variability in Cu:Fe ratios reflecting mineral proportions [11][12] - Quality assurance protocols were implemented to ensure the reliability of assay data, with all samples analyzed using standard industry procedures [18]
Brixton Metals Closes Private Placement
Globenewswire· 2025-07-11 22:22
Group 1 - Brixton Metals Corporation completed a non-brokered private placement on July 11, 2025, raising total gross proceeds of $2,370,512.04 through the issuance of 18,234,708 flow-through shares [1][2] - The proceeds from the offering will be utilized for drilling activities at the Company's Thorn Project located in British Columbia [2] - The flow-through shares are subject to a hold period until November 12, 2025, in accordance with Canadian securities laws [2] Group 2 - Finder's fees totaling $51,000.71 were paid, along with 392,313 warrants to purchase common shares at a price of $0.13, valid until July 11, 2027 [3] - The news release includes forward-looking statements regarding future business and financial performance, including potential mineral quantities and exploration plans [4][5]
Brixton Metals Closes Private Placement
GlobeNewswire News Room· 2025-07-11 22:22
Group 1 - Brixton Metals Corporation completed a non-brokered private placement on July 11, 2025, raising total gross proceeds of $2,370,512.04 through the issuance of 18,234,708 flow-through shares [1][2] - The proceeds from the offering will be utilized for drilling activities at the Company's Thorn Project located in British Columbia [2] - The flow-through shares are subject to a hold period until November 12, 2025, in accordance with Canadian securities laws [2] Group 2 - Finder's fees totaling $51,000.71 were paid, along with 392,313 warrants to purchase common shares at a price of $0.13, valid until July 11, 2027 [3] - The Company emphasizes that the news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, as the securities have not been registered under the U.S. Securities Act [6][7]
Troilus Agrees to Commercial Offtake Terms with Boliden for Copper-Gold Concentrate
Globenewswire· 2025-07-10 11:00
Core Viewpoint - Troilus Gold Corp. has entered into indicative commercial offtake terms with Boliden Commercial AB for the sale of copper-gold concentrate from the Troilus Project, enhancing its strategic position in the European critical minerals supply chain [1][2]. Group 1: Offtake Agreements - The agreement with Boliden is the second offtake arrangement for Troilus, following a prior agreement with Aurubis AG, which underscores the quality of Troilus' anticipated concentrate [2]. - The final binding offtake agreements with both Boliden and Aurubis are expected to be executed alongside a broader US$700 million debt financing package [4]. Group 2: Project Production and Feasibility - The Troilus Project is projected to produce an annual average of approximately 135.4 million pounds of copper equivalent, translating to 75,000 wet metric tonnes (WMT) of concentrate containing payable copper, gold, and silver [3]. - The feasibility study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning Troilus as a cornerstone project in North America [8]. Group 3: Strategic Partnerships and Development - The partnership with Boliden renews a long-standing relationship, as Boliden previously processed concentrate from the Troilus site during its past production years [4]. - The company is advancing across regulatory, technical, and commercial fronts toward a construction decision, with ongoing support from financial institutions and export credit agencies [4][6].
Imperial Reports Mount Polley Production Update for 2025 Second Quarter
Globenewswire· 2025-07-09 21:22
Production Overview - Imperial Metals Corporation reported quarterly production from the Mount Polley mine, achieving 9.496 million pounds of copper and 11,061 ounces of gold in Q2 2025, an increase from 9.281 million pounds of copper and 10,009 ounces of gold in Q2 2024 [1][2] - Mill throughput increased by 2.6% in Q2 2025, with 1.759 million tonnes treated compared to 1.714 million tonnes in Q2 2024, contributing to higher copper and gold production [3] Year-to-Date Performance - For the first half of 2025, copper production rose by 10.6% and gold production increased by 8.3% compared to the same period in 2024, driven by improvements in throughput, grades, and recoveries [4] Detailed Production Metrics - In Q2 2025, the ore milled was 1,759,093 tonnes, with a daily milling rate of 19,331 tonnes. The copper grade was 0.295%, and the gold grade was 0.286 g/t. Copper recovery was 83.0%, while gold recovery was 68.4% [5] - For the first six months of 2025, the total ore milled was 3,480,862 tonnes, with a copper grade of 0.288% and a gold grade of 0.280 g/t. The copper recovery was 83.2%, and the gold recovery was 69.1% [5] Mining Operations - Mining activities continued in the lower Springer Pit in Phase 4, with ongoing stripping for Phase 5 pushback on the east wall of the pit during the quarter [5] Company Profile - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine (100% ownership), the Huckleberry mine (100% ownership), and holds a 30% interest in the Red Chris mine, along with a portfolio of 23 exploration properties in British Columbia [7]
First Nordic Metals Announces C$10 Million “Best Efforts” LIFE Offering of Units
Globenewswire· 2025-07-09 20:37
Core Viewpoint - First Nordic Metals Corp. has announced a private placement offering to raise up to C$10 million through the sale of units, with a minimum offering amount of C$5 million [1][5]. Group 1: Offering Details - The offering consists of up to 27,027,027 units priced at C$0.37 each, with each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.55 for 24 months from the closing date, with the possibility of acceleration if the share price exceeds C$0.75 for 20 consecutive trading days [2]. - The agents have an option to sell an additional 15% of the offering, potentially raising an extra C$1.5 million [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities in Sweden and Finland, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance Information - The offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [4]. - The expected closing date for the offering is around July 31, 2025, pending necessary regulatory approvals [5]. Group 4: Compensation to Agents - The company will pay the agents a cash commission of 6% on gross proceeds, with potential reductions for certain purchases, and will issue non-transferable compensation options equivalent to 6% of the units sold [6].
Brixton Metals Announces Flow-Through Private Placement of $2.3 Million
Globenewswire· 2025-07-07 11:30
Group 1 - Brixton Metals Corporation announced a non-brokered private placement offering of 17,692,308 flow-through common shares at a price of $0.13 per share, aiming for gross proceeds of $2,300,000 [1][2] - The proceeds from the offering will be utilized for drilling at the Company's Thorn Project located in British Columbia [2] - The offering is subject to acceptance by the TSX Venture Exchange, and there may be finder’s fees payable to individuals who introduce subscribers to the offering [2] Group 2 - The securities issued in the offering will be subject to a hold period of four months and one day in accordance with Canadian securities laws [2] - The news release includes forward-looking statements regarding future business and financial performance, including potential mineral quantities and exploration plans [3] - The Company does not undertake to update any forward-looking information except as required by applicable securities laws [4]
Blue Moon Metals Appoints Stephen Eddy as Senior Vice-President Corporate Development
Globenewswire· 2025-07-03 10:45
Core Insights - Blue Moon Metals Inc. has appointed Stephen Eddy as Senior Vice-President of Corporate Development to enhance its management team and support growth in its critical metals portfolio [1][2] - Stephen Eddy brings over two decades of experience in capital markets transactions, risk management, and corporate development within the mining sector, having led significant acquisitions and divestitures [2] - The company has granted Stephen Eddy 200,000 incentive stock options with an exercise price of $3.37, vesting over three years [3] Company Overview - Blue Moon is advancing three brownfield polymetallic projects: the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, and the NSG copper-zinc-gold-silver project in Norway [4] - All three projects are strategically located with existing local infrastructure, including roads and power, and are recognized as critical to the global economy and national security [4]
Scott Lendrum appointed Chief Executive Officer of Giga Metals Corporation
Globenewswire· 2025-06-24 20:29
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Giga Metals Corporation (TSX.V: GIGA, OTCQB: GIGGF, FSE: BRR2) (the "Company") is pleased to announce that Scott Lendrum has been appointed Chief Executive Officer of the Company, effective July 2, and will also join the board of directors of the Company (the "Board"). Mr. Lendrum has extensive experience as an investment banker specializing in the mining sector. He has a strong track record in executing cross-border mergers and acquisitions, eq ...
Blue Moon Metals Completes First Blast on Nussir Access Portal Ahead of Schedule
Globenewswire· 2025-06-16 10:45
Core Viewpoint - Blue Moon Metals Inc. has commenced underground construction on the Nussir Mine, completing the first blast ahead of schedule, marking a significant milestone in the project [1][3]. Company Overview - Blue Moon is advancing three brownfield polymetallic projects: the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, and the NSG copper-zinc-gold-silver project in Norway [6]. - All three projects are strategically located with existing local infrastructure, including roads and power [6]. Project Development - The mining contractor, Leonhard Nilsen & Sonner AS, will extend the decline approximately 2,500 meters to facilitate further underground exploration [2]. - The exploration work planned for the next year will provide essential engineering inputs and lead to a final investment decision in 2026 [2]. Market Relevance - The Nussir Mine is positioned to supply critical metals, particularly copper, to meet Europe's growing demand [3]. - Zinc and copper are recognized as critical metals essential to the global economy and national security by both the USGS and EU [6].