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ATHA Energy Announces $25 Million LIFE Private Placement of Flow-Through Shares
Globenewswire· 2026-01-15 22:49
Core Viewpoint - ATHA Energy Corp. has announced a private placement of up to 24,510,000 flow-through shares at a price of $1.02 per share, aiming for gross proceeds of up to $25,000,200, with the potential to increase to C$28,750,230 if an additional option is fully exercised [1][2]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. and CIBC World Markets as co-lead agents and joint bookrunners [1]. - The expected closing date for the offering is around February 5, 2026, subject to regulatory approvals [4]. - The flow-through shares will be offered to purchasers in Canada and other qualifying jurisdictions, exempt from certain conditions under National Instrument 45-106 [5]. Group 2: Use of Proceeds - The gross proceeds from the sale of the flow-through shares will be used to incur eligible "Canadian exploration expenses" related to the Company's projects in Canada, specifically for flow-through critical mineral mining expenditures [3]. - The Company plans to renounce all qualifying expenditures to subscribers of the flow-through shares by December 31, 2026 [3]. Group 3: Company Overview - ATHA Energy Corp. is focused on the acquisition, exploration, and development of uranium assets, with a portfolio that includes three 100%-owned uranium projects and a large exploration land package exceeding 7 million acres [8]. - The Company also holds a 10% carried interest in key exploration projects in the Athabasca Basin operated by NexGen Energy Ltd. and IsoEnergy Ltd [9].
Forge Resources Delivers Excellent 2025 Results and Advances Major Discoveries at the Alotta Project, Yukon
TMX Newsfile· 2026-01-15 13:30
Core Insights - Forge Resources Corp. has reported significant accomplishments in 2025, particularly in the Alotta Project, Yukon, and is well-positioned for further exploration in 2026 [1][4][13] Exploration Highlights - The 2025 exploration program included 2,685.66 meters of diamond drilling across 9 drill holes, building on previous campaigns from 2023 and 2024 [11][15] - All drill holes completed in 2025 intersected mineralization, with notable discoveries at the Payoff Zone and Alimony Zone [4][10] - The Payoff Zone drilling revealed a continuous gold mineralization zone approximately 500 meters long, open in both directions, with significant assay results including 78 meters grading 2.01 g/t Au [10][27] - The Alimony Zone's first drill hole returned 112.23 meters grading 0.66 g/t Au, including 55.53 meters of 1.04 g/t Au and a high of 25.8 g/t Au over 1.6 meters [10][20] Zone-Specific Findings - **Payoff Zone**: - Significant widths of gold mineralization were confirmed, with visible gold observed in all holes [25][26] - Highlights include intervals of 3.40 g/t Au over 44.77 meters and 17.69 g/t Au over 8.17 meters [10][27] - **Alimony Zone**: - The discovery hole indicated broad zones of gold mineralization associated with quartz and quartz-carbonate veins [19][20] - **Severance Zone**: - Drilling identified widespread gold and elevated copper mineralization, with notable results including 300.72 meters grading 0.22 g/t Au [12][43] - **Commission Zone**: - Initial drilling revealed elevated copper grades, with hole ALT-25-014 returning 113.94 meters grading 0.17 g/t Au and 0.04% Cu [47][50] Future Outlook - The success of the 2025 exploration program has set a strong foundation for refining existing mineralization and pursuing new targets in 2026 [13][55] - The geological model developed from the 2025 data will enhance understanding of mineralization across the Alotta property [13][55]
Western Star Resources Inc. Amends Previously Announced Private Placement
Thenewswire· 2026-01-15 13:30
Core Viewpoint - Western Star Resources Inc. has amended the terms of its non-brokered private placement to raise up to $1,500,000 through the issuance of units, which will support its exploration initiatives and working capital needs [1][2][3]. Private Placement Details - The company plans to issue up to 10,000,000 units at a price of $0.15 per unit, with each unit consisting of one common share and one warrant [2][25]. - Each warrant will allow the holder to purchase an additional common share at $0.30 for 24 months [2]. Use of Proceeds - The net proceeds from the private placement will be used to define high-priority drill targets at the Western Star Project, advance critical metals initiatives in Nevada, and for general working capital and market awareness [3][28]. Strategic Asset - Rowland Property - The Rowland Property is a past-producing tungsten mine, critical for various industries, with the U.S. heavily reliant on imports for tungsten [3][28]. - The property has historical production data, including shipments of ore with 3.38% WO₃ and additional production between 1954-56 [5][28]. - The project has significant exploration upside, as it remains under-explored with modern techniques [5][28]. Regulatory and Approval Aspects - The issuance of securities in the private placement will exceed 100% of the company's current issued shares, requiring shareholder approval [25]. - The private placement is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange [26]. Company Overview - Western Star Resources is focused on mineral exploration and development, aiming to enhance shareholder value through cost-effective exploration and strategic partnerships [32].
Sorrento Resources Announces Drilling Contract and Receives Permit to Drill Bottom Brook Project
TMX Newsfile· 2026-01-15 13:00
Core Insights - Sorrento Resources Ltd. has entered into a drilling contract with Gladiator Drilling to advance exploration at its flagship properties, Rodgers Cove and Bottom Brook, with drilling expected to commence by the end of January 2026 [1][3] - The drilling program will involve a minimum of 3,000 metres of core drilling to assess high-priority target zones identified through previous mapping, sampling, and historical work [2] - The company has received the necessary permit to drill at the Bottom Brook Project, indicating progress in its exploration efforts [1] Company Overview - Sorrento Resources Ltd. is focused on the acquisition, exploration, and development of mineral projects in Atlantic Canada, particularly in Newfoundland [4] - The company's objectives include locating and developing economic properties related to precious and rare earth elements, gold, and base metals, with key projects including Bottom Brook, Rodgers Cove Gold, and Harmsworth [4]
Stuhini Exploration Announces Corporate Name Change to EraNova Metals Inc.
TMX Newsfile· 2026-01-15 13:00
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - Stuhini Exploration Ltd. (TSXV: STU) (OTCQB: STXPF) (WKN: A2PLBV) ("Stuhini" or the "Company") is pleased to announce that it will officially change its name to EraNova Metals Inc. ("EraNova" or the "Company"), effective January 19, 2026, marking a new chapter in the Company's evolution and reflecting a broader strategy focused on unlocking value from its multi-metal asset base at the flagship Ruby Creek Project in northern British Columbia ...
Arbor Metals Intersects Anomalous Lithium Mineralization up to 0.58% Across 2 Target Zones at Jarnet Lithium Project
Thenewswire· 2026-01-15 13:00
Core Insights - Arbor Metals Corp. announced positive assay results from its 2025 Phase 3 diamond drilling program at the Jarnet Lithium Project, indicating the presence of anomalous lithium in the Jarnet 2 and Corvette claim blocks [1][3] Drilling Results - The Phase 3 drilling campaign completed 10 NQ holes with a total drilling length of 2,451 meters, collecting approximately 572 samples [5] - Significant lithium grades were reported, including: - JAR25-014: 1.56m grading 5781ppm (~0.57%) lithium at 54.7m depth - JAR25-015: 1.5m grading 2224ppm (~0.22%) lithium at 212.06m depth - JAR25-031: 1.14m grading 5861ppm (~0.58%) lithium at 84.86m depth - JAR25-030: 0.50m grading 1278ppm (~0.12%) lithium at 73.5m depth, among others [2][3] Geological Context - The drilling encountered numerous pegmatite dykes, with widths ranging from 0.5m to 2.0m, and some intervals reaching up to 46.84m [6] - Lithium values showed high variability, with some samples exceeding 5861ppm, indicating localized lithium enrichment in specific zones [7] Rare Earth Elements (REE) Findings - The assay results also indicated the presence of rare earth elements (REE) and base metals, with a strong dominance of light rare earth elements (LREE) over heavy rare earth elements (HREE) [8] - There was no meaningful correlation between lithium and REE values, suggesting different mineralization controls [8] Future Plans - The company is conducting a comprehensive data study of the results to refine future drilling programs and expects assay results from its Fall 2025 bark sampling program in Q1 of 2026 [4]
Refined Energy Provides Dufferin Project Drill Program Update
Globenewswire· 2026-01-15 13:00
Athabasca Basin 1200 metre Drill Program Planned for First Quarter 2026VANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; OTC: RRUUF; FRA: CWA0) (“Refined” or the “Company”) is pleased to announce that contracts for the Dufferin West drill program planned for February have been signed. Securing the contractors is an important step to ensure the drill program is conducted efficiently and in a timely manner. Refined has the option to earn up to a 75% interest in the ...
Nio Strategic Metals Announces Share for Services Agreement
TMX Newsfile· 2026-01-15 13:00
Montreal, Quebec--(Newsfile Corp. - January 15, 2026) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, today announced, subject to the filings with and the approval from the TSX Venture Exchange (the "TSXV"), that it intends to enter into a shares for services agreement (the "Agreement") to satisfy an aggregate of $27,300 of the Corporation's outstanding debt. An aggregate of 210,000 common shares in the capital of the Corporati ...
Maxus Mining and Palliser Exploration Announce Continued Partnership and Successful Completion of 2025 Field Programs
Globenewswire· 2026-01-15 13:00
Core Viewpoint - Maxus Mining Inc. has successfully completed its 2025 field programs in partnership with Palliser Exploration Ltd., enhancing the geological understanding of its properties in British Columbia and laying a strong foundation for future exploration activities in 2026 [1][4]. Group 1: Partnership and Expertise - The partnership with Palliser Exploration Ltd. is characterized by Palliser's extensive experience in geological and exploration consultancy, particularly in British Columbia [2]. - Palliser's technical team has a proven track record in executing successful exploration programs, which includes a variety of geological settings and deposit models [2]. Group 2: Exploration Programs - In the fall of 2025, Palliser completed extensive exploration programs across the Quarry, Lotto, Alturas, and Hurley Properties, focusing on systematic geological mapping and targeted rock sampling [3]. - Over 200 surface rock samples were collected, leading to significant geological observations that improved the understanding of mineralization styles and structural controls [3]. Group 3: Results and Future Planning - The results from the 2025 exploration programs have advanced the exploration models for the properties and provided a robust technical foundation for follow-up work [3]. - The data generated will inform and add value to exploration planning and prioritization for the 2026 field season [4]. Group 4: Company Overview and Portfolio - Maxus Mining Inc. is focused on locating, acquiring, and advancing economic mineral properties, with a diversified portfolio totaling approximately 15,098 hectares across British Columbia [9]. - The portfolio includes significant projects such as the Alturas Antimony Project, which has reported high-grade antimony up to 69.98% Sb, and the Lotto Tungsten Project, with a historical sample assaying 10.97% WO₃ [11][12].
Surge Battery Metals Announces $25M Non-Brokered Financing, Composed of Increased Fully-Subscribed Non-Brokered LIFE Offering of Units to $20M and Concurrent Non-Brokered Private Placement of up to $5M
TMX Newsfile· 2026-01-15 12:30
Core Viewpoint - Surge Battery Metals Inc. is increasing its non-brokered private placement due to strong investor demand, raising the total expected proceeds to $25 million for its Nevada North Lithium Project [1][4]. Group 1: Offering Details - The LIFE Offering will now consist of 22,222,000 Offered Units at a price of $0.90 per unit, generating gross proceeds of $19,999,800, up from the initial $15,000,000 [1]. - A Concurrent Offering will issue up to 5,555,780 Offered Units at the same price, aiming for gross proceeds of up to $5,000,202 [1][2]. - In total, the Company aims to raise up to $25,000,002 through the issuance of up to 27,777,780 Offered Units [1]. Group 2: Use of Proceeds - Proceeds from the Offerings will be allocated to costs related to the preliminary feasibility study and definitive feasibility study for the Nevada North Lithium Project, as well as general working capital [2]. Group 3: Regulatory and Compliance - The LIFE Offering is made under the listed issuer financing exemption and will not be subject to a statutory hold period, while the Concurrent Offering will have a four-month hold period [3]. - The Offerings are subject to approval from the TSX Venture Exchange [5]. Group 4: Company Positioning - Surge Battery Metals is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is crucial for electric vehicle production [8]. - The increase in financing reflects strong investor confidence in the project and aims to strengthen the Company's balance sheet for future development [4].