Core Insights - First American Uranium Inc. has completed the acquisition of a 100% interest in mineral properties in Quebec's Grenville Province, marking its entry into a mining-friendly jurisdiction [1][4] - The acquisition involves the issuance of 4,020,000 common shares at a deemed price of $0.85 per share to the vendors [2][3] - The properties are recognized for their potential in rare earth elements, niobium, and nickel-copper occurrences, which are critical for defense and aerospace applications [5][10] Acquisition Details - The acquisition was finalized under a property purchase agreement dated October 6, 2025, with the vendors transferring the properties free of encumbrances [1][2] - The total land package now consists of 519 claims covering 29,936 hectares, including 39 claims acquired and an additional 480 claims staked by the company [4][8] Strategic Importance - The properties are expected to enhance the company's exploration portfolio and strengthen its presence in the critical minerals sector, which is increasingly important for domestic supply chains [5][8] - The company aims to explore non-dilutive funding opportunities with U.S. government agencies to support development aligned with U.S. critical mineral policies [6][10] Mineral Potential - Notable mineral showings include high concentrations of total rare earth elements and niobium, with specific samples returning significant grades such as 2.7% TREE and 3,190 ppm Nb [7][10] - The Grenville Province is viewed as a highly prospective region for critical minerals, which are essential for various advanced technologies [5][10]

Core Viewpoint - Nevada Sunrise Metals Corporation is conducting a non-brokered private placement to raise up to $350,000 through the issuance of 7,000,000 units at a price of $0.05 per unit, each unit comprising one common share and one warrant [1][2]. Group 1: Offering Details - The offering consists of 7,000,000 units priced at $0.05 each, with each unit including one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at a price of $0.075 for three years from the closing date of the offering [1]. - The proceeds from the offering will be allocated for exploration work on the company's mineral properties, other mineral property investigations, and general working capital [7]. Group 2: Company Background - Nevada Sunrise is a junior mineral exploration company based in Vancouver, BC, with interests in gold, copper, and lithium projects located in Nevada, USA [4]. - The company holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers southwest of Ely, NV [4]. - Additionally, Nevada Sunrise has the right to earn a 100% interest in the Coronado Copper Project, located about 48 kilometers southeast of Winnemucca, NV, and owns 100% interests in several lithium projects in Esmeralda County, NV [5].

Core Viewpoint - Canstar Resources Inc. has reported significant findings from its trenching program at the Mary March project, indicating the presence of high-grade base metal mineralization, particularly copper and zinc, which enhances the project's potential for hosting volcanogenic massive sulphide (VMS) deposits [1][4][5]. Trenching Program Results - The trenching program has exposed over 20 meters of footwall mineralization, revealing thin lenses of high-grade base metals [1][4]. - Preliminary analyses showed maximum yields of +30% zinc, 3% lead, and 4% copper from bedrock samples [4]. - Historical data indicates that the mineralization identified may extend 130 meters to the surface and 80 meters to the northeast from previous drill hole findings [1][4]. Geological Context - The Mary March project is located in the Buchans Mining District, known for its high-grade VMS deposits, with historical average ore grades of 14.51% zinc, 7.56% lead, and 1.33% copper [7][10]. - The project remains one of the least explored areas within this prolific mining camp, suggesting significant untapped potential [1][7]. Future Exploration Plans - Canstar plans to refine drill targets based on the results of the trenching program and ongoing geological mapping, with exploration drilling expected to commence in early 2026 [1][8]. - The company is integrating new and historical data into a 3-D model to enhance target generation for future drilling [8][10]. Acquisition of Mining Claims - Canstar has entered into option agreements to acquire a 100% interest in additional mineral licenses in Newfoundland, expanding its land position in the Mary March area [9][10]. - The new claims are strategically located adjacent to the Mary March project and are believed to be geologically similar to areas with significant historical mineralization [10][11]. Financial Terms of Acquisition - To maintain the option for the new mineral licenses, Canstar will make payments totaling $71,000 and issue 350,000 common shares over three years [12]. - Upon exercising the option, the Optionors will retain a 2.0% net smelter returns royalty, with the possibility for Canstar to repurchase half of this royalty [12].

Core Viewpoint - Powermax Minerals Inc. has initiated its 2025 exploration program at the Atikokan Property in Northwestern Ontario, focusing on rare earth elements and critical metals within a promising geological corridor [1][8]. Atikokan Property Overview - The Atikokan Property consists of three claim blocks (A, B, and C) covering approximately 7,120 hectares, underlain by various geological formations known to host pegmatites and rare-metal mineralization, including rare earth elements (REEs), uranium, thorium, and niobium [2]. - Regional geochemical and radiometric data have identified several lake sediment anomalies that will guide the current exploration phase [2]. 2025 Exploration Program - The Phase 1 program will last 4-6 weeks, depending on terrain and weather, and aims to establish a technical foundation for prioritizing targets and planning follow-up exploration in 2026 [3]. - Key activities include desktop data compilation, field prospecting, geological mapping, geochemical sampling (100-150 rock samples, approximately 350 soil samples, and 20-50 stream sediment samples), and radiometric surveys [6]. Project Significance - The Atikokan Property is strategically located within a rare-metal corridor of the Superior Province, where previous surveys have documented REE-enriched systems. The program aims to confirm regional geochemical trends and delineate potential mineralized zones for further exploration [7]. CEO Statement - The CEO of Powermax Minerals expressed excitement about the exploration program, highlighting its potential to contribute to North America's critical minerals supply chain and the global transition to clean energy [8]. Company Overview - Powermax Minerals Inc. is a Canadian mineral exploration company focused on advancing rare earth element projects, holding options to acquire the Cameron REE Property and the Atikokan REE Property, along with a 100% interest in the Ogden Bear Lodge Project in Wyoming [9].

Core Viewpoint - Naughty Ventures Corp. has entered into a strategic option agreement with Sorrento Resources to advance the Bottom Brook rare earth element property, allowing Naughty Ventures to unlock value while becoming a significant shareholder of Sorrento [1][2][3] Agreement Details - The option agreement allows Sorrento to acquire up to 100% of Naughty Ventures' interest in the Bottom Brook Property, with the option exercisable within three years [4][8] - Sorrento is responsible for all exploration activities on the property during the term of the agreement [8] - The agreement includes specific cash payments and share issuances over the three-year period, with a total of CAD 1,000,000 due within 12 months, CAD 1,500,000 within 24 months, and additional share issuances [6][7] Financial Implications - Naughty Ventures will receive 13 million Sorrento shares upon closing, representing a 49% interest, and will maintain a 20% free carried interest until Sorrento fulfills the final interest option [6][7] - A finder's fee of 10% on cash payments and share issuances is payable to Kluane Capital FZCO [9] Company Background - Naughty Ventures Corp. focuses on acquiring and developing mineral assets with strong value potential and holds interests in various projects, including the Bottom Brook rare earth property [10] - Sorrento Resources Ltd. is engaged in the acquisition and exploration of mineral properties in Canada, with a focus on precious and base metals [11]

Core Viewpoint - Sorrento Resources Ltd. has entered into a strategic option agreement with Naughty Ventures Corp. to acquire up to 100% of the Bottom Brook rare earth element property in Newfoundland and Labrador, which is expected to enhance Sorrento's portfolio and exploration capabilities [1][2]. Agreement Details - The option agreement allows Sorrento to acquire Naughty Ventures' interest in the Bottom Brook Property, with the option to be exercised within three years through cash payments, share issuances, and exploration expenditures [3][4]. - The agreement outlines specific financial commitments, including a cash payment of CAD 1,000,000 and the issuance of 13,000,000 Sorrento shares within 12 months to earn a 49% interest, followed by additional payments and share issuances to earn further interests [4][6]. Company Profiles - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral properties in Canada, with a goal to develop economic precious and base metal properties [10]. - Naughty Ventures Corp. is engaged in acquiring and developing mineral assets with strong value potential and holds interests in various projects, including the Bottom Brook rare earth property [11].

Core Points - Vanguard Mining Corp. has received approval from the Canadian Securities Exchange to list 6,414,816 common share purchase warrants, which will begin trading on October 17, 2025 [1] - Each warrant allows the holder to acquire one common share at an exercise price of $0.22 before February 1, 2027 [2] - The company is focused on the discovery and development of high-value strategic minerals, with ongoing exploration projects in Argentina, Canada, and Paraguay [4] Company Information - Vanguard Mining Corp. is committed to responsible exploration and value creation through the acquisition and advancement of uranium properties [4] - The warrants are governed by a warrant indenture with Endeavour Trust Company [2] - The company encourages stakeholders to follow its updates on social media and its website [5]

Core Insights - Power Metallic Mines Inc. is conducting preliminary metallurgical studies to assess the economic potential of its Nisk project, which is crucial for resource reporting and development risk mitigation [1][2][6] - The metallurgical testing is being performed by SGS Canada Ltd, focusing on the recovery potential of various metals including copper, platinum group elements (PGEs), gold, silver, and nickel [1][2][5] - The Lion deposit has been identified with two mineralization zones: a High-Grade zone (HG) and a lower grade Hanging-wall Zone (LG), with the majority of metal value concentrated in the HG zone [3][4] Metallurgical Testing Details - The testing involves a competitive bid process, with SGS Canada Inc. awarded the contract due to their expertise in flotation metallurgical testing [1] - Approximately 300 kg of sample material from each mineralization zone has been collected, with specific procedures for creating composite samples for testing [5] - The metallurgical tests are expected to take around 14 weeks, with results anticipated to be reported by January 2026 [6] Mineralization Characteristics - The copper mineralization is primarily found in coarse-grained chalcopyrite and cubanite, which are expected to yield good recoveries through conventional concentration methods [2] - The HG zone consists of semi-massive to massive copper sulphide mineralization, while the LG zone contains disseminated and veined structural mineralization [3][4] Company Overview - Power Metallic is focused on advancing the Nisk Project Area, which includes high-grade copper, PGE, nickel, gold, and silver systems [9] - The company has expanded its land holdings significantly, now controlling approximately 212.86 km² of prospective land following recent acquisitions [10][11] - Power Metallic also has interests in exploration licenses in Saudi Arabia, further diversifying its mineral exploration portfolio [12]

Core Viewpoint - American Critical Minerals Corp. has announced a bought deal offering to raise approximately $4 million through the sale of 11,429,000 units at a price of $0.35 per unit, alongside a concurrent non-brokered private placement aiming to raise an additional $2 million, totaling up to $6 million in gross proceeds [1][2]. Financing Details - The offering consists of units that include one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.45 for 36 months post-closing [3]. - The net proceeds from the offering will be allocated for working capital and general corporate purposes [4]. - The underwriter has an option to increase the offering size by up to 15% of the total units issued, exercisable up to 48 hours before closing [4]. Regulatory and Market Context - The units will be offered under the listed issuer financing exemption in all Canadian provinces except Quebec and other qualifying jurisdictions, including the United States, and will be free-trading under applicable Canadian securities laws [5]. - The closing of the offering is expected around the week of October 27, 2025, pending necessary regulatory approvals [7]. Compensation Structure - The underwriter will receive a cash commission of 7% of the gross proceeds and broker warrants equal to 7% of the units sold, with each broker warrant allowing the purchase of one unit at the offering price for 36 months post-closing [8]. Project Overview - The Green River Potash and Lithium Project is located in Utah's Paradox Basin, which has significant logistical advantages and is close to major infrastructure [11]. - The project has a substantial exploration target of 600 million to 1 billion tonnes of sylvinite, with average grades ranging from 19% to 29% KCl, and the basin is believed to contain up to 56 billion tonnes of lithium brines [12][14]. - The U.S. currently imports approximately 96.5% of its annual potash requirements, highlighting the strategic importance of domestic production [14].

Press Alt+1 for screen-reader mode, Alt+0 to cancelAccessibility Screen-Reader Guide, Feedback, and Issue Reporting | New window Contact Us Back to the Newsroom Formation Metals Closes $8.26M First Tranche of Its Private Placements, Fully Funding 20,000 Metre Drill Program at the Advanced N2 Gold Project Wednesday, 15 October 2025 08:40 PM Topic:Â Financing Highlights: VANCOUVER, BC / ACCESS Newswire / October 15, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), ...