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Vanguard Mining Announces Listing of Warrants On the CSE
Thenewswire· 2025-10-16 07:05
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]
Power Metallic Initiates Metallurgical Testing of Lion Deposit Phase 1 Metallurgy Recovery Contracted to SGS Canada Inc., Quebec City, QC and Lakefield, ON
Prnewswire· 2025-10-16 07:00
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]
American Critical Minerals Announces $4.0 Million Bought Deal Offering and Concurrent $2.0 Million Non-Brokered Private Placement
Newsfile· 2025-10-16 01:42
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].
Formation Metals Closes $8.26M First Tranche of Its Private Placements, Fully Funding 20,000 Metre Drill Program at the Advanced N2 Gold Project
Accessnewswire· 2025-10-16 00:40
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), ...
Bolt Metals Announces Consolidation Of Common Shares
Thenewswire· 2025-10-15 22:00
Core Points - Bolt Metals Corp. will consolidate its common shares at a ratio of one new share for every twenty-five existing shares to enhance its capital markets profile and attract a broader investor base [1][2] - The consolidation received shareholder approval on August 7, 2025, and was approved by the Board of Directors on October 8, 2025, with a record date set for October 23, 2025 [2] - Post-consolidation, the company will have approximately 4,378,388 common shares outstanding, down from 109,459,708 shares [3] Shareholder and Securities Information - The exercise terms of all outstanding warrants, stock options, and other convertible securities will be adjusted proportionally to reflect the consolidation ratio [4] - A letter of transmittal will be provided to registered shareholders for exchanging pre-consolidation shares for post-consolidation shares, while brokers will automatically update accounts for their clients [5] Property and Strategic Update - The company has relinquished its ownership and operational rights in several properties, including the Silver Switchback Copper-Silver Property, Soap Gulch Copper Project, and New Britain Antimony Property, as part of a strategic review [6] - Bolt has granted 19,000,000 Restricted Share Units (RSUs) to certain consultants under its Equity Incentive Plan, which is subject to a four-month and one-day hold period [7] Company Overview - Bolt Metals Corp. focuses on the acquisition and exploration of mineral properties with high potential for development in North America, trading on multiple exchanges under various symbols [8]
Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $445,411
Newsfile· 2025-10-15 21:30
Core Viewpoint - Silver Elephant Mining Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of $445,411 through the sale of 2,783,824 units at a price of $0.16 per unit [1] Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one share purchase warrant, with warrants allowing the purchase of additional shares at $0.20 for three years [1] - Finder's fees of 145,250 Finder's Units were paid, with each Finder's Unit also consisting of one share and one warrant [2] - Proceeds from the private placement are intended for general corporate purposes [4] Group 2: Related Party Transactions - John Lee, a Director of the Company, subscribed for 193,750 units for gross proceeds of $31,000, which is classified as a related party transaction [3] - The Company relied on exemptions from formal valuation and minority shareholder approval requirements due to Mr. Lee's participation not exceeding 25% of the fair market value of the Company's market capitalization [3] Group 3: Regulatory Information - The securities issued under the private placement will be subject to a regulatory hold period of four months plus one day from the date of issue [4]
IDEX Metals Announces Non-Brokered Private Placement of Units
Thenewswire· 2025-10-15 21:00
Core Points - IDEX Metals Corp. announced a non-brokered private placement of up to 3,333,333 units at a price of $0.60 per unit, aiming for gross proceeds of up to $2,000,000 [1][3] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 for a period of 24 months [2][3] - The proceeds will be used for exploration of mineral properties in Idaho and for general working capital [3] Company Overview - IDEX Metals Corp. is focused on advancing a portfolio of base and precious metal projects in Idaho, particularly the Freeze Copper-Gold porphyry prospect [6] - The company is positioned in a top-tier mining jurisdiction and is surrounded by major industry players, aiming to redefine district-scale exploration in Idaho [6]
First Tellurium Engages Hillside Consulting and Media Inc.
Thenewswire· 2025-10-15 21:00
Vancouver, BC, Canada, Oct 15, 2025 – TheNewswire - First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) reports that that it has engaged Hillside Consulting and Media Inc. (“Hillside”), of 474 Main St, Penticton, BC ("Hillside"), to provide marketing and distribution services for an initial period commencing Oct 15, 2025 and ending October 21, 2025. Hillside is a marketing firm and is an arm's-length party to the Company. Hillside will provide digital marketing services, including SEO (search engine optimizati ...
Freeport Resources Announces Private Placement
Newsfile· 2025-10-15 14:00
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") announces that it will offer (the "Offering") up to 100,000,000 units (each, a "Unit") by way of non-brokered private placement at a price of $0.03 per Unit for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company, and one-half-of-one share purchase warrant (each whole warrant, a "Warrant"). Each War ...
Omega Pacific Closes Non-Brokered Private Placement
Newsfile· 2025-10-15 13:57
Core Points - Omega Pacific Resources Ltd. has closed a final tranche of its non-brokered private placement, raising gross proceeds of $200,000 by selling 1,600,000 flow-through units at a price of $0.125 per unit [1] - The proceeds from the offering will be allocated to a planned exploration program on the Williams Property in British Columbia's Toodoggone District [1] Financial Details - Each flow-through unit consists of one flow-through common share and one share purchase warrant, which can be exercised into an additional non-flow-through common share at a price of $0.15 for a period of two years [2] - The company paid $16,000 in cash and issued 128,000 finder's warrants to eligible finders in connection with the sale of the units [3] Tax and Regulatory Information - The flow-through shares qualify as "flow-through shares" under the Income Tax Act (Canada), and the proceeds will be used to incur "Canadian exploration expense" [4] - All securities issued are subject to a hold period of four months and one day from the date of issuance [3] Exploration Strategy - The Williams Property hosts a robust, bulk tonnage epithermal gold system, with significant gold mineralization identified in previous drill holes [6] - The 2025 exploration program will focus on a 1,400 x 400 m zone to extend mineralization from 2024 drill locations [6] Company Overview - Omega Pacific Resources Ltd. is a Canadian mineral exploration company focused on discovering and developing precious metal projects in British Columbia [7] - The company is committed to responsible exploration and the judicious use of capital [7]