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Copper Road Announces Upsized Financing
Globenewswire· 2025-12-29 23:09
Core Viewpoint - Copper Road Resources Inc. is increasing the size of its non-brokered private placement offering due to additional investor demand, with a total offering size of up to $1,084,900 [1] Group 1: Offering Details - The upsized offering will consist of the sale of up to 8,747,500 common share units at $0.035 per Unit for gross proceeds of up to $349,900, 13,333,333 flow-through units at $0.045 per FT Unit for gross proceeds of up to $600,000, and 2,700,000 FT Units at $0.05 per FT Unit for gross proceeds of up to $135,000 [1] - Each Unit consists of one common share and one common share purchase warrant, while each FT Unit consists of one common share and one Warrant, issued as a "flow-through share" [2] Group 2: Use of Proceeds - Gross proceeds from the sale of FT Units will be used for eligible "Canadian exploration expenses" related to "flow-through critical mineral mining expenditures," specifically for the exploration of the Ben Nevis Project or other Ontario properties [3] - Proceeds from the sale of Units will be allocated for property payments on the Ben Nevis Project and general working capital [4] Group 3: Regulatory and Transaction Details - The Company may pay finder's fees to eligible finders in connection with the Offering, and certain insiders may participate, which will be considered a "related party transaction" [5] - All securities issued will be subject to a hold period expiring four months and one day after issuance, and the completion of the Offering is subject to regulatory approvals, including from the TSX Venture Exchange [6][8] - The first tranche of the Offering closed on December 24, 2025, with 2,435,000 Units and 9,952,447 FT Units for aggregate gross proceeds of $545,260, and the final tranche is anticipated to close by December 31, 2025 [8]
First Phosphate Common Shares Added to the CSE25 Index
TMX Newsfile· 2025-12-29 12:11
Core Viewpoint - First Phosphate Corp. has been added to the CSE25 Index, enhancing its visibility among investors and reflecting its strategic position in the North American critical minerals sector [1][2][3] Company Overview - First Phosphate is focused on developing a vertically integrated mine-to-market lithium iron phosphate (LFP) battery supply chain in North America, targeting markets such as energy storage, data centers, robotics, mobility, and national security [5] - The company's flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, is a rare igneous phosphate resource that yields high-purity phosphate with minimal impurities [5] Strategic Positioning - The inclusion in the CSE25 Index signifies growing recognition of First Phosphate's role in supplying high-purity phosphate for LFP batteries, which are increasingly used in grid-scale energy storage and mobility applications [3] - The company aims to onshore critical battery materials to reduce supply chain risks and enhance North American energy security [3][4] Recent Developments - First Phosphate has successfully produced commercial-grade LFP 18650 battery cells using North American critical minerals, with high-purity phosphoric acid and iron powder sourced from its Bégin-Lamarche property [4]
Copper Road Announces Closing of First Tranche of Financing
Globenewswire· 2025-12-24 17:27
Core Viewpoint - Copper Road Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $545,260 through the sale of flow-through units and hard-dollar units [1][3]. Group 1: Offering Details - The first tranche consists of 9,952,447 flow-through units priced at $0.045 each and 2,435,000 hard-dollar units priced at $0.04 each [1]. - Each unit includes one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.05 within 18 months [2]. - The gross proceeds from the flow-through units will be allocated to eligible Canadian exploration expenses, specifically for the Ben Nevis Project and other Ontario properties [3]. Group 2: Related Party Transactions - An officer of the company subscribed for 222,222 flow-through units, which is classified as a related party transaction [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements due to the participation's fair market value being under 25% of the company's market capitalization [4]. Group 3: Regulatory and Financial Aspects - The completion of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [5]. - A cash commission of $40,120 will be paid to eligible finders, along with the issuance of 762,862 finder warrants, each exercisable at $0.05 for 18 months [5]. - The securities issued will be subject to a statutory hold period of four months and one day from the issuance date [5]. Group 4: Future Expectations - The second tranche of the offering is anticipated to close around December 30, 2025 [7].
Closing of Strategic Acquisitions, Total Voting Rights, and Notification of Transactions of Persons Discharging Managerial Responsibilities
Globenewswire· 2025-12-23 07:00
Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions to enhance its mineral development capabilities in Greenland, specifically through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences, forming the West Greenland Hub [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are significant steps in expanding its operations in Greenland [2]. - As part of the acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the closing shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of the company will consist of 463,648,822 common shares after the issuance of the closing shares and shares under incentive plans [8]. Admission and Trading - Applications for the admission of the closing shares to trading on AIM and the Icelandic Exchange have been made, with expected admission times set for December 30, 2025 [6]. - The shares issued are exempt from a four-month hold period in Canada due to their issuance outside of Canada [7]. Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland, with its principal asset being a 100% interest in the Nalunaq Gold mine [11].
Closing of Strategic Acquisitions, Total Voting Rights, and Notification of Transactions of Persons Discharging Managerial Responsibilities
Globenewswire· 2025-12-23 07:00
Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions, enhancing its position in Greenland's mineral sector by creating the West Greenland Hub through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are collectively referred to as the Acquisitions [2]. - As part of the Acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - Amaroq is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the Closing Shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of Amaroq will consist of 463,648,822 common shares after the issuance of the Closing Shares and shares under the company's incentive plans [8]. Admission to Trading - Applications for the admission of the Black Angel and Kangerluarsuk Closing Shares to trading on AIM and the Icelandic Exchange have been made, with expected admission dates of December 30, 2025 [6].
Lucky Announces Shares For Debt Transaction
Thenewswire· 2025-12-19 21:10
Core Viewpoint - Lucky Minerals Inc. is addressing a failure-to-file cease trade order (FFCTO) issued by the British Columbia Securities Commission due to the late submission of its annual financial statements for the fiscal year ended October 31, 2024, which were filed on October 2, 2025 [1] Group 1: Financial Situation - The company plans to settle outstanding indebtedness amounting to $1,969,391.05 through the issuance of 19,693,908 common shares at a deemed price of $0.10 per share [2] - A significant portion of the debt, totaling $1,600,293.33, consists of principal and interest for convertible debentures [2] Group 2: Related Party Transactions - Directors and officers, including Pan Ocean Consulting Ltd., will convert approximately $190,000 of their outstanding fees into about 1,900,000 common shares as part of the debt settlement [3] - The issuance of common shares to directors and officers is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from certain requirements [5] Group 3: Regulatory Approval - The transaction is contingent upon approval from the TSX Venture Exchange and the revocation of the FFCTO [6]
Copper Road Announces Amendments to Financing
Globenewswire· 2025-12-19 18:44
Core Viewpoint - Copper Road Resources Inc. is amending its non-brokered private placement offering to raise funds through the sale of common share units and flow-through units, with specific allocations for exploration and property payments [1][3][4] Group 1: Offering Details - The amended offering will consist of up to 8,747,500 common share units at a price of $0.04 per unit, aiming for gross proceeds of up to $349,900 [1] - Additionally, the offering includes 13,333,333 flow-through units at a price of $0.045 per unit, targeting gross proceeds of up to $600,000 [1] - Each common share unit will include one common share and one common share purchase warrant, while each flow-through unit will consist of one flow-through share and one warrant [2] Group 2: Use of Proceeds - Proceeds from the sale of flow-through shares will be allocated to eligible Canadian exploration expenses, specifically for the exploration of the Ben Nevis Project and other Ontario properties [3] - Funds from the sale of common share units will be used for property payments related to the Ben Nevis Project and for general working capital [4] Group 3: Regulatory and Transaction Details - The offering may involve finder's fees and participation from certain insiders, which will be treated as a related party transaction under Multilateral Instrument 61-101 [5] - All securities issued will be subject to a hold period of four months and one day post-issuance, and the offering is contingent upon receiving necessary regulatory approvals [6][8] - The offering may close in multiple tranches, with the first anticipated closing around December 22, 2025 [8]
Tactical Resources Announces Receipt Of Final Order Approving Arrangement With Plum Acquisition Corp. III
Accessnewswire· 2025-12-19 02:15
Core Viewpoint - Tactical Resources Corp. has received the final court order approving its business combination transaction with Plum Acquisition Corp. III and related entities, following overwhelming shareholder approval at the recent annual meeting [1] Group 1: Court Approval - The Supreme Court of British Columbia has issued a final order approving the plan of arrangement among Tactical Resources Corp., Plum Acquisition Corp. III, Plum III Amalco Corp., and Plum III Merger Corp. [1] - The final order was sought on December 18, 2025, to validate the previously announced arrangement [1] Group 2: Shareholder Approval - The arrangement was overwhelmingly approved by the shareholders of Tactical Resources Corp. at the annual general and special meeting held on December 16, 2025 [1] - This approval indicates strong support from the shareholders for the proposed business combination [1]
Searchlight Enters into Sale Agreement of Kulyk Lake and Daly Lake Projects to Monazite Metals Corp.
TMX Newsfile· 2025-12-18 12:30
Core Viewpoint - Searchlight Resources Inc. has entered into an agreement to sell its Kulyk Lake and Daly Lake projects to Monazite Metals Corp, allowing the company to focus on its gold exploration projects [1][2]. Group 1: Agreement Details - The MMC Agreement is an arms-length transaction with Monazite Metals Corp, a private British Columbia corporation [2]. - The total compensation for the sale includes $180,000 in cash, 10 million shares of Monazite Metals, a 1% Net Smelter Royalty, and potential additional payments of $300,000 based on drilling results [12]. - The cash payment of $180,000 will be made upon closing, and the Net Smelter Royalty can be bought out by Monazite for $1,000,000 at any time [12]. Group 2: Company Focus and Strategy - Following the sale, Searchlight will concentrate its exploration efforts on its flagship Robinson Creek Gold project, which is 100% owned by the company [2]. - The company is planning a 2,000-meter drill program for the Robinson Creek Gold project [2]. Group 3: Management Changes - Jason Powell has been appointed as the Manager of Corporate Development, bringing over 15 years of experience in investor engagement and strategic growth in the mining sector [3][4]. - 51 Media Ltd. will assist in increasing awareness of Searchlight's activities in the financial community, receiving a monthly fee of $5,000 for their services [6]. Group 4: Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, recognized as a top mining investment location by the Fraser Institute [8]. - The company's exploration focus includes gold, copper, and other critical metals, emphasizing projects with nearby infrastructure [8].
Fuerte Announces AGM Results and Appointment of Technical Advisors
TMX Newsfile· 2025-12-17 21:55
Core Viewpoint - Fuerte Metals Corporation successfully held its Annual General and Special Meeting, with shareholders voting in favor of all proposed items, indicating strong support for the company's direction and governance [1]. Corporate Governance - A total of 41,536,092 common shares were voted, representing 34.30% of the issued and outstanding common shares as of the record date [1]. - The number of directors was set at seven, with nominees including Chris Beer, Scott V.A. Hicks, and others elected to the board [12]. - Davidson and Company LLP were re-appointed as auditors for the upcoming year [12]. - A new Omnibus Equity Incentive Plan was approved to replace the previous Long-Term Incentive Plan [12]. Technical Advisory Appointments - Mr. Kerry Sparkes and Mr. Scott J. Hicks were appointed as technical advisors to the board, bringing extensive industry experience to support project advancement [2][3]. - Kerry Sparkes has over 35 years of experience in mineral exploration and has been involved in the development of major Canadian deposits [3]. - Scott J. Hicks has over 20 years of industry experience, including leadership roles in mining companies and a background in technical services [4]. Equity Awards - The company granted 975,000 incentive stock options and 171,839 Restricted Stock Units (RSUs) to directors, employees, consultants, and advisors [5]. - The incentive stock options are exercisable at a price of $4.51 each for a period of five years, with both options and RSUs subject to vesting provisions [5]. Project Overview - Fuerte Metals is focused on advancing high-potential precious and base metals projects, with its flagship asset being the Coffee Project in Yukon, Canada [6]. - The Coffee Project hosts 3.0 million ounces of open-pit heap-leach Measured and Indicated Resource and an Inferred Resource of 0.8 million ounces [6]. - The company emphasizes the importance of environmental stewardship and maintaining relationships with local First Nations [6].