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Nevada Titan Project Exploration Update, Magnetic Survey Confirmation – 8 Targets Identified.
Globenewswire· 2025-12-17 21:29
Core Insights - The Nevada Titan Project has identified significant copper mineralization, suggesting the presence of a Porphyry Copper Deposit, with a focus on a newly identified intrusive pipe as a potential source [2][3] Geological Findings - A high-resolution drone magnetic survey has revealed eight magnetic targets in the Nevada Titan Project area, with the Pipe Target being a notable feature due to its compact and steep orientation [2][6] - The alignment of surface geology, magnetic data, and geochemistry supports the interpretation of the Pipe Target as a vertically developed geological feature, located near a high-grade Cu-Au skarn [3] Mineralization Data - Surface sampling has outlined a 1.5-kilometer copper trend, with notable copper grades reported from various mines, including 15.56-34.00% Cu at the Copperside Mine and 4.34-15.7% Cu at the Azurite mine [5][6] - A key sample collected above the Pipe Target contains magnetite and garnet, indicating a skarn source and confirming the magnetic anomaly identified at depth [6] Project Development - Ongoing work will integrate geology, geochemistry, and geophysics to refine the project model, with detailed examinations planned for specific targets [4][14] - The company plans to conduct induced polarization (IP) surveys over selected magnetic targets to better define subsurface properties before finalizing drill targeting [14] Corporate Updates - Fairchild Gold Corporation has changed its auditor from Manning Elliott LLP to Lixin Ethos CPAs LLP effective December 15, 2025, with no reservations reported in the former auditor's audit reports [9][10] - The company is focused on developing high-quality resource properties in Nevada, leveraging its strategic partnerships and responsible development practices [12]
Morien Announces Closing of $1.6 Million Non-Brokered LIFE Financing
Globenewswire· 2025-12-17 13:30
Core Viewpoint - Morien Resources Corp. has successfully closed its non-brokered Listed Issuer Financing Exemption offering, raising gross proceeds of CAD $1,600,000 through the issuance of 8,888,889 common shares at a price of CAD $0.18 per share [1][2]. Group 1: Offering Details - The LIFE Offering received strong support from existing shareholders, management, directors, and new investors, with insiders subscribing for a total of 650,753 common shares [2]. - The offering was conducted under the National Instrument 45-106 – Prospectus Exemptions, applicable in all Canadian provinces and territories except Quebec, and also offered in the U.S. under available exemptions [3]. - The Company incurred fees of CAD $12,240 to certain intermediaries in connection with the LIFE Offering [3]. Group 2: Financial Implications - The net proceeds from the LIFE Offering, combined with existing cash, are expected to provide sufficient financial resources for Morien's operations for an estimated four to five years [3]. - Following the LIFE Offering, the Company has 60,180,889 issued and outstanding common shares, with a fully diluted position of 62,330,889 [5]. Group 3: Future Plans - The Company plans to advocate for the restart of operations at the Donkin Mine and advance permitting and technical work at the Lazy Head Aggregate Project [7]. - Morien aims to progress an early-stage technical and commercial evaluation of a Newfoundland aggregate opportunity alongside Carver Companies [7]. - The Company will remain engaged with Vulcan Materials Company regarding the status and timing of its Final Investment Decision for the Black Point Quarry Project, which includes a CAD $400,000 milestone payment owed to Morien [7].
Copper Road Announces Upsize to Financing
Globenewswire· 2025-12-17 12:00
Core Viewpoint - Copper Road Resources Inc. is amending its non-brokered private placement, aiming to raise gross proceeds of up to $897,500 through the sale of common share units and flow-through units [1][3]. Group 1: Offering Details - The amended Offering will consist of up to 8,500,000 common share units priced at $0.035 per Unit, generating gross proceeds of up to $297,500 [1]. - Additionally, the Offering includes 13,333,333 flow-through units priced at $0.045 per FT Unit, expected to raise up to $600,000 [1]. - Each Unit comprises one common share and one common share purchase warrant, while each FT Unit includes one flow-through share and one warrant [2]. Group 2: Use of Proceeds - Proceeds from the sale of FT 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 on the Ben Nevis Project and for general working capital [4]. Group 3: Regulatory and Transactional Aspects - The Offering may involve finder's fees and participation from certain insiders, which will be treated as a related party transaction [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].
Tactical Resources Announces Shareholder Approval of Arrangement With Plum Acquisition Corp. III
Accessnewswire· 2025-12-16 22:20
Core Viewpoint - Tactical Resources Corp. announced that shareholders voted overwhelmingly in favor of a special resolution to approve a business combination transaction with Plum Acquisition Corp. III and related entities [1] Group 1: Business Combination Details - The business combination involves a plan of arrangement among Tactical Resources Corp., Plum Acquisition Corp. III, Plum III Amalco Corp., and Plum III Merger Corp. [1] - The agreement for the business combination was initially dated August 22, 2024, and has undergone amendments on December 10, 2024, January 28, 2025, and July 30, 2025 [1] - Plum Acquisition Corp. III will redomicile from the Cayman Islands to British Columbia and amalgamate with Plum III Merger Corp. to form a new corporate entity named New PubCo [1]
Sirios Announces Results from the Annual Meeting of Shareholders
TMX Newsfile· 2025-12-15 23:22
Core Points - Sirios Resources Inc. announced that all resolutions presented at the annual meeting on December 11, 2025, were approved by shareholders, including the appointment of directors and auditors, and the renewal of the stock option plan [1][2] - The Board of Directors re-elected Ms. Colinda Parent, Mr. Luc Cloutier, Dominique Doucet, Guy Le Bel, and Robert Ménard, with approval ratings between 97.7% and 98.4%, and over 15.7% of shareholders participated in the voting [2] - Mr. Frederic Sahyouni was re-appointed as Chief Financial Officer and Secretary, while Mr. Dominique Doucet and Robert Ménard were re-appointed as President and Chief Executive Officer, and Chairman of the Board respectively [3] - The Board granted 5,300,000 stock options to employees, consultants, directors, and officers at an exercise price of $0.17 per share, with a duration of five years [4] - Sirios Resources is focused on developing high-potential gold projects in the Eeyou Istchee James Bay region of Canada and announced the acquisition of OVI Mining, marking a significant event in the company's history [5]
Stillwater Critical Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
Accessnewswire· 2025-12-15 15:35
Core Viewpoint - Stillwater Critical Minerals Corp. has successfully increased its "bought deal" private placement from gross proceeds of C$10,000,400 to C$15,000,140 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 32,609,000 units priced at C$0.46 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each warrant allows the holder to purchase one common share at a price of C$0.64 within 36 months following the closing date [2] - The underwriters have an option to purchase an additional 4,348,000 units for up to C$2,000,080 in gross proceeds [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and advancement of the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, as well as for general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange, and is scheduled to close on or about December 30, 2025 [7]
Cornish Metals Announces Update Regarding the Last Day of Trading on AIM in Relation to Its Proposed Re-Domicile
Globenewswire· 2025-12-15 15:22
VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSXV: CUSN) (“Cornish Metals”, “Cornish Canada” or the “Company”) a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, provides a further update following the receipt of the final order from the Ontario Superior Court of Justice (the "Court Order") approving the previously announced re-domicile of the Company (the "Arrange ...
Issue and Forfeiture of Performance Rights
Globenewswire· 2025-12-15 14:01
Group 1 - Cygnus Metals Limited has issued 3,000,000 additional performance rights to CEO Nicholas Kwong under its Omnibus Equity Incentive Plan following management changes [1] - Mr. Ernest Mast transitioned from Managing Director to Non-Executive Director and forfeited 6,000,000 performance rights as part of this transition [1] - The performance rights vest upon the successful completion of specific key performance objectives by July 11, 2028, and each vested right is exercisable for one fully paid ordinary share [3] Group 2 - The objective of the Omnibus Equity Incentive Plan is to promote the long-term success of the Company and align the interests of eligible persons with those of the Company [4] - Shareholders approved the Plan and the issuance of performance rights to directors at the annual general meeting on May 14, 2025 [2] - Cygnus Metals is focused on advancing its Chibougamau Copper-Gold Project in Quebec and has significant lithium assets in the James Bay district, along with REE and base metal projects in Western Australia [6]
NexMetals Initiates CEO Succession Plan
TMX Newsfile· 2025-12-15 12:00
Core Viewpoint - NexMetals Mining Corp. announces a leadership transition with Mr. Morgan Lekstrom stepping down as CEO effective January 31, 2026, and Mr. Sean Whiteford being appointed as the new CEO [1][4]. Leadership Transition - Mr. Lekstrom has been pivotal in the company's restructuring and has raised over $145 million, including the conversion of a $20.8 million term loan and prepayment of a $25 million asset purchase agreement [2]. - Mr. Whiteford, with over 30 years of experience in exploration and operational roles, has been with the company for over three years and has guided its strategic direction [3][4]. Company Achievements - Under Mr. Lekstrom's leadership, the company advanced its projects in Botswana, including technical evaluations and a deep drilling program at the Selebi and Selkirk projects, with initial economic studies expected to be completed in 2026 [2][4]. - The company has strengthened its foundation for future growth, positioning itself for major milestones in 2026 [4]. Company Overview - NexMetals Mining Corp. focuses on the redevelopment of previously producing copper, nickel, and cobalt resources in Botswana [5]. - The company emphasizes governance through transparent accountability and has a team with extensive experience in mine discovery and development [6].
PMET Announces Multiple New Lithium/Caesium Discoveries in 2025 Drilling at the Shaakichiuwaanaan Property
Prnewswire· 2025-12-14 22:00
Core Insights - PMET Resources Inc. announced significant lithium and caesium discoveries from its 2025 drilling campaign at the Shaakichiuwaanaan Property, indicating the potential for expanded mineral resources and reserves [2][4][5] Drilling Campaign Overview - A total of 57,024 meters of diamond drilling was completed in 2025, with results reported for 41,943 meters across 173 holes, while assays for 15,081 meters remain pending [3][5][30] - The drilling campaign included testing multiple lithium-caesium-tantalum (Li-Cs-Ta) pegmatite prospects, infill drilling, and condemnation drilling to support development [5][21] Lithium Discoveries - New lithium zones were discovered at the CV4 and CV12 pegmatites, with notable intercepts including 27.0 meters at 1.14% Li2O and 229.0 meters at 1.31% Li2O, respectively [2][17] - The CV5 Pegmatite's strike length has been extended to approximately 5.0 kilometers, with significant results such as 224.9 meters at 1.34% Li2O [24] Caesium Discoveries - A new caesium zone was identified at the CV12 Pegmatite, with intercepts including 23.0 meters at 5.82% Cs2O within a broader anomalous zone of 223.0 meters at 0.98% Cs2O [14][17] - High-grade caesium was also intersected at the CV5 Pegmatite, with results including 0.5 meters at 17.9% Cs2O [24] Mineral Resource Estimates - The Consolidated Mineral Resource Estimate for the CV5 and CV13 pegmatites totals 108.0 million tonnes at 1.40% Li2O and 0.11% Cs2O, with a Probable Mineral Reserve of 84.3 million tonnes at 1.26% Li2O [6][7] Future Plans - The geology team is working on updating geological models based on new drill data, with plans for a revised economic study scheduled for the second half of 2026 [29] - Additional drilling is planned to further delineate the caesium zones and assess the potential for underground resources [14][20]