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Silver Spruce Resources Inc. Announces Closing of $976,000 Non-Brokered Private Placement
Accessnewswire· 2026-01-16 21:55
Core Viewpoint - Silver Spruce Resources Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $976,000 for its mineral exploration projects and general working capital [1][4]. Group 1: Offering Details - The Corporation issued a total of 976,000 units at an issue price of $0.10 per unit, with each unit consisting of one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.15 for a period of three years from the closing date of the offering [2]. - The common shares and warrants are subject to a statutory hold period expiring on May 17, 2026 [2]. Group 2: Finder Fees and Warrants - In connection with the offering, the Corporation paid $22,440 in finder fees and issued 224,400 finder warrants to eligible finders [3]. - Each finder warrant entitles the finder to purchase one common share at $0.15 for three years following the offering's closing [3]. - The finder warrants are also subject to a statutory hold period expiring on May 17, 2026 [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Corporation's mineral projects and for general working capital purposes [4]. Group 4: Company Overview - Silver Spruce Resources Inc. is a Canadian junior exploration company with a diversified exploration portfolio, including several mineral projects [6]. - The company continues to explore opportunities identified by management or presented for consideration [6]. Group 5: Mineral Projects - The Corporation's projects include the Jackie Au-Ag Project, an early-stage epithermal project in Mexico; the Pino de Plata Ag Project, a high-grade silver property also in Mexico; and the Melchett Lake VMS Zn-Ag-Au-Cu Project in Ontario [9].
Québec Nickel Corp. Announces Closing of Private Placement
TMX Newsfile· 2026-01-16 21:23
Group 1 - Québec Nickel Corp. has closed a non-brokered private placement for total gross proceeds of $500,000 [1][4] - The Offering involved the issuance of 4,000,000 units at a price of $0.125 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2] - Each whole warrant is exercisable to acquire one additional common share at an exercise price of $0.225 per share for a period of two years from the date of issuance [2] Group 2 - The Units were issued under various prospectus exemptions, including family, friends, and business associates exemption, accredited investor exemption, and existing security holder exemption [3] - The Company paid aggregate cash finder's fees of $4,590 in accordance with Canadian Securities Exchange policies [4] - The net proceeds from the Offering will be utilized for general working capital purposes, including advancing exploration activities and evaluating strategic opportunities [4] Group 3 - All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance [5] - The Offering is still subject to final acceptance by the Canadian Securities Exchange [5] - Québec Nickel Corp. focuses on acquiring, exploring, and developing critical metals projects in North America [6]
Hertz Energy Announces Close of Non-Brokered Private Placement
TMX Newsfile· 2026-01-16 21:05
Core Viewpoint - Hertz Energy Inc. has successfully closed a non-brokered private placement, raising a total of $420,000 through the issuance of 4,200,000 units, which will be utilized for general administrative purposes and to advance the Lake George Antimony Project [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 4,200,000 units at a price of $0.10 per unit, resulting in gross proceeds of $420,000 [1]. - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.125 within 36 months from the closing date [1]. - The securities issued will be subject to a statutory hold period of four months and one day from the closing date, in compliance with Canadian securities laws [1]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for general and administrative matters and to further develop the Lake George Antimony Project, which was historically the largest primary antimony producer in North America [2]. Group 3: Company Overview - Hertz Energy is a junior exploration company based in British Columbia, focusing on mineral property acquisition and exploration in Eastern Canada [4]. - The company has a strategic portfolio of four assets targeting critical minerals such as lithium, antimony, and tungsten, which are in demand for clean energy, defense, and electric vehicle supply chains [4]. - Hertz Energy's diversified portfolio and well-located claims could enhance future resource development and strategic initiatives as the company seeks growth opportunities [4].
Vanguard Mining Engages Qualified Person to Update NI 43-101 Technical Report for Redonda Copper-Molybdenum Project, British Columbia
Thenewswire· 2026-01-16 21:05
Core Viewpoint - Vanguard Mining Corp. is updating its technical report for the Redonda Copper-Molybdenum Project to include recent drilling data and historical information, aiming to refine the geological model and assess mineralization potential [1][11]. Drilling and Technical Report - The updated technical report will incorporate results from the last two drill campaigns, including pending assays from the 2025-2026 campaign and historical data from Teck Resources Ltd. [2][4] - Vanguard engaged Paradigm Drilling Ltd. to execute the recent drill program using a Boyles T-75 hydraulic drill capable of reaching depths over 600 metres [3]. Historical Context - The Redonda Project has a history of exploration, with Teck Resources completing nine diamond drill holes totaling 1,681 metres in 1979, and Vanguard conducting follow-up drilling in 2023 with five holes totaling 799.81 metres [4][11]. - Historical drilling encountered copper-molybdenum mineralization, but these results are not treated as current resources or reserves [4]. Recent Drilling Results - The 2023 exploration program reported various mineralization intervals, with notable results including: - Hole Red-23-04: 15.2 m at 0.452% Cu and 0.0265% Mo from 3.1 to 18.2 m [7] - Hole Red-23-05: 142.6 m at 0.279% Cu and 0.0281% Mo from 39.3 to 182.0 m [7] - The 2023 assays compared closely with historical results from 1979, indicating consistency in mineralization [5]. Collaboration and Community Engagement - The company prioritizes collaboration with the Klahoose First Nation, focusing on local labor, training opportunities, and using Klahoose-affiliated service providers for logistics [16]. - Ongoing engagement will include regular updates on work plans and adherence to cultural heritage protocols [16]. Geological Insights - The Redonda Project is located within the Coast Suture Zone and features geological characteristics similar to nearby porphyry systems, with mineralization concentrated along a hornblende dike [21]. - The geological model is being refined using data from a 2024 airborne geophysical survey, which identified potential intrusive centers and structural corridors [17][19]. Project Overview - The Redonda Project encompasses nine mineral claims totaling 2,746.46 hectares, accessible year-round via barge service and logging roads [20]. - The project is positioned to explore high-value strategic minerals critical to the global energy transition [23].
Infinitum Closes Sale Of Additional Interest In Hot Breccia Project In Arizona
Thenewswire· 2026-01-16 21:05
Core Viewpoint - Infinitum Copper Corp. has successfully closed a mineral property sub-option agreement with Prismo Metals Inc., allowing Prismo to acquire up to a 75% interest in the Hot Breccia property in Arizona, demonstrating the company's strategy to focus on core assets and exploration opportunities [1][2]. Group 1: Transaction Details - Infinitum granted Prismo an option to acquire up to a 75% interest in the Hot Breccia property, with Prismo agreeing to pay C$185,000 for 80% of Infinitum's remaining interest [1]. - Prismo will assume all remaining obligations of the underlying option agreement with the property owner, while Infinitum retains a 5% interest that may be assigned to Prismo under certain conditions [1]. Group 2: Strategic Focus - The transaction aligns with Infinitum's growth strategy to dispose of non-core assets and concentrate on the acquisition and exploration of mineral properties [2]. - Proceeds from the sale will be utilized for general working capital and to explore new opportunities [2]. Group 3: Company Overview - Infinitum Copper Corp. is a Canadian junior exploration company focused on advancing copper projects in the Americas, aiming for disciplined growth through the discovery and development of scalable copper assets [5].
Dalaroo identifies critical minerals system at Blue Lagoon, Greenland
Yahoo Finance· 2026-01-16 15:22
Core Insights - Dalaroo Metals has made significant discoveries at its Blue Lagoon project in Greenland, revealing a district-scale system rich in critical minerals such as zirconium, hafnium, and rare earth elements (REEs) across a 2.7km strike [1] - The initial exploration has shown all 113 samples to have anomalous values, indicating a promising new critical metals district [1] Zirconium and Hafnium Findings - The project has identified concentrations exceeding 2% zirconium oxide and 40 parts per million (ppm) hafnium oxide across the entire 2.7km strike, suggesting a well-mineralised target area [2] - Hafnium is essential for next-generation microchips and semiconductors due to its high dielectric constant, which allows it to store significantly more electrical charge than traditional silicon dioxide-based semiconductors [2] Hafnium Oxide Properties - Hafnium oxide has a dielectric constant approximately six times higher than silicon dioxide, leading to a more than 1,000-fold reduction in electron leakage through transistors compared to silicon dioxide [3] - The current indicative sale price for high-purity hafnium oxide is A$16,297/kg (approximately $10,924.3/kg), reflecting its advanced chemical properties and growing demand in high-tech applications [3] Rare Earth Elements (REEs) Results - The Blue Lagoon project has returned high-grade REE results, with elevated magnet rare earth oxides (REOs) encountered at the surface, particularly enriched in dysprosium and terbium [4] - The sampling has shown low uranium levels, with a maximum reading of 25ppm triuranium octoxide, which is below the 100ppm uranium threshold required for permitting in Greenland [4][5] Exploration Potential - The scale and consistency of rare earth, niobium, and zirconium anomalism over a ~2.7km strike, combined with low uranium and thorium levels, confirm a robust and regionally extensive critical minerals system [6] - Initial surface sampling results demonstrate grades comparable with early-stage results from globally recognized alkaline-hosted rare earth systems in Greenland, indicating a fertile mineral system with potential for further exploration [7]
REV Closes $5.8 Million in Private Placements with Eric Sprott as Lead Order
Globenewswire· 2026-01-16 13:00
VANCOUVER, British Columbia, Jan. 16, 2026 (GLOBE NEWSWIRE) -- REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX OTC: REVFF) is pleased to announce that it has closed its previously-announced non-brokered hard-dollar private placement (the “Private Placement”) for gross proceeds of $3.0 million, through the issuance of 10,000,000 common shares at a price of $0.30 per share. All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months plus ...
Graphano Energy Ltd. Completes Airborne Geophysical Survey at Black Pearl
TMX Newsfile· 2026-01-16 08:01
Core Insights - Graphano Energy Ltd. has successfully completed an airborne geophysics program covering 473 kilometers over the Black Pearl property in Québec, which is a significant milestone for the company [1][4] Exploration Results - Preliminary interpretation of the airborne survey confirms a dominant TDEM conductor extending over 1.2 kilometers, aligning with previous ground geophysical surveys in the Black Pearl area [2] - Initial exploration drilling in late 2025 revealed multiple near-surface graphite zones with significant assay results, including 11.33% graphitic carbon (Cg) over 8.61 meters, 4.81% Cg over 12.25 meters, and 7.37% Cg over 4.70 meters [2] - The airborne survey has identified numerous new priority conductive targets, expanding the overall target footprint on the property [2] Strategic Implications - The confirmation of a continuous 1.2-kilometer conductive trend and the identification of new conductors enhance the exploration case at Black Pearl, allowing the company to prioritize targets for further exploration [3] - A technical interpretation of the conductors' location is underway, which will facilitate more detailed geological interpretation and ranking of EM targets [3] Future Plans - The airborne geophysics program is crucial for refining the geological and structural understanding of the Black Pearl property and will support follow-up exploration activities, including additional groundwork and drilling programs [4] Industry Context - Graphite is increasingly in demand as a technology mineral essential for a sustainable future, particularly in industries such as lithium batteries for electric vehicles and energy storage technologies [6] - The company's Lac Aux Bouleaux property is located adjacent to Canada's only producing graphite mine, highlighting its strategic position in a historically active area for natural graphite [6]
QGold Engages ICP Securities Inc. for Automated Market Making Services
Globenewswire· 2026-01-15 23:30
TORONTO, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) (“QGold” or the “Company”) is pleased to announce, that, subject to regulatory approval, it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7, ...
QGold Engages ICP Securities Inc. for Automated Market Making Services
Globenewswire· 2026-01-15 23:30
Core Viewpoint - Q-Gold Resources Ltd. has engaged ICP Securities Inc. for automated market making services to enhance liquidity and manage share supply and demand, with a monthly fee of C$7,500 for an initial term of four months [1][2]. Group 1: Company Overview - Q-Gold Resources Ltd. is a publicly traded mineral exploration and development company focused on gold and silver projects in North America, with shares listed on TSX Venture Exchange, OTCQB, and Börse Frankfurt [4]. - The company aims to advance its portfolio of gold and silver assets toward production, particularly focusing on the Quartz Mountain gold project in Oregon and the Mine Centre gold project in Ontario [5]. Group 2: Market Making Agreement - The agreement with ICP Securities Inc. is set to start on January 15, 2026, and will automatically renew for additional one-month terms unless terminated with a 30-day notice [1]. - ICP will bear the costs associated with buying and selling the company's shares, and no third-party funding will be involved in the market-making activities [2]. Group 3: ICP Securities Inc. Profile - ICP Securities Inc. is a Toronto-based dealer-member specializing in automated market making and liquidity provision, utilizing its proprietary algorithm, ICP Premium™, to enhance market liquidity [3].