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Graycliff Exploration Announces New CEO and Proposed Private Placement
TMX Newsfile· 2025-12-29 22:30
Core Viewpoint - Graycliff Exploration Limited has appointed Arndt Roehlig as the new President and CEO, effective immediately, highlighting his extensive experience in the resource and technology sectors [1] Group 1: Leadership Changes - Arndt Roehlig has been appointed as President, CEO, and director of Graycliff Exploration Limited, bringing decades of corporate experience and a successful track record in raising funds for public companies [1] - James Macintosh will continue to serve on the board and has been appointed as Chairman of the Company [2] Group 2: Financial Activities - The Company has arranged a non-brokered private placement to issue up to 4,400,000 common shares at a price of $0.10 per share, aiming for gross proceeds of up to $440,000 [3] - Proceeds from the Offering will be utilized for general corporate and working capital purposes, with the closing subject to regulatory approvals [3] Group 3: Company Overview - Graycliff Exploration is focused on mineral exploration, particularly on its 1,468 hectares of land located approximately 80 kilometers west of Sudbury, associated with the historic Shakespeare Gold Mine [4] - The Shakespeare Project includes one crown patented lease, two crown leases, and 40 claims, with over 12,500 meters drilled and visible gold identified in multiple holes [4]
Champion Electric Announces Sale of Champion Lithium Project
TMX Newsfile· 2025-12-29 22:00
Core Viewpoint - Champion Electric Metals Inc. has entered into an agreement to sell its wholly owned Champion Lithium Project for a total cash consideration of USD $1,000,000, aiming to streamline operations and focus on future development opportunities [1][2][3]. Group 1: Transaction Details - The Buyer, a non-arm's length party and a director of the Company, will acquire the Champion Lithium Project located in Quebec [1][3]. - The transaction is subject to regulatory approvals, including from the Canadian Securities Exchange [2]. - The cash consideration will be utilized for reducing liabilities, enhancing working capital, and advancing strategic corporate initiatives [2]. Group 2: Corporate Governance - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, with the Company relying on exemptions from certain requirements due to the transaction's fair market value being below CAD $2,500,000 [3][4]. - The board of directors, excluding Mr. Gabirel Pindar, approved the transaction without establishing a special committee, and no dissenting views were expressed [4]. Group 3: Company Overview - Champion Electric is focused on exploration, holding copper, gold, and cobalt properties in Idaho, including the Champagne polymetallic project and the Baner gold project [5]. - The Company emphasizes responsible environmental stewardship and community engagement in its operations [6].
Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $85,000
TMX Newsfile· 2025-12-29 21:32
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE:1P2) ("Silver Elephant" or the "Company") announces that, further to its news releases dated December 2, 2025 and December 12, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $85,000 through the sale of 340,000 units (the "Units") at a price of $0.25 per Unit. Each Unit consists of one comm ...
Avrupa Minerals Closes $570,000 Private Placement
Thenewswire· 2025-12-29 21:30
           Vancouver, BC – December 29, 2025 – Avrupa Minerals Ltd. (TSXV:AVU) (“Avrupa” or the “Company”) is pleased to announce that it has closed the private placement as announced on December 3. The Company raised $570,000 from the sale of 11,400,000 Units at $0.05 per Unit.  Each Unit is comprised of one common share and one common share purchase warrant.  Each common share purchase warrant entitles the holder to purchase one common share for $0.075 per common share until December 29, 2028.  The commo ...
Precipitate Gold Announces $6.5 Million Non-Brokered Private Placement Led by Strategic Dominican Investors
Thenewswire· 2025-12-29 13:30
Core Viewpoint - Precipitate Gold Corp. is initiating a non-brokered private placement to raise up to $6,500,000 through the issuance of 59,090,909 units at a price of $0.11 per unit, with significant participation from Dominican institutional investors [1][2][3]. Group 1: Offering Details - The private placement will consist of units, each comprising one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.17 per share for 18 months [4]. - The offering is subject to approval from the TSX Venture Exchange and may close in multiple tranches [6]. Group 2: Strategic Importance - The involvement of prominent Dominican investors, including Guess Investments Ltd., is expected to provide strategic value due to their expertise and understanding of the local regulatory and operational environment [2][4]. - The investors' commitment to an extended hold period beyond regulatory requirements indicates a long-term alignment with the company's management and existing shareholders [4]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated to ongoing exploration and project development activities, particularly at the Juan de Herrera project, as well as for general working capital [5]. Group 4: Board of Directors - Upon closing of the offering, a new director will be appointed to the Board of Directors, nominated by Guess Investments Ltd. [7]. - If all warrants are exercised, Guess Investments Ltd. will have the right to nominate an additional board member, subject to existing board approval [8]. Group 5: Company Overview - Precipitate Gold Corp. focuses on mineral exploration in the Dominican Republic, with key projects including the Juan de Herrera project, Pueblo Grande project, and Ponton project [9].
Nine Mile Metals Announces Certified High-Grade Assay Results up to 15.00% Copper from the Wedge Project, Bathurst, New Brunswick
TMX Newsfile· 2025-12-29 13:00
Core Viewpoint - Nine Mile Metals Ltd. has announced positive Certified Assay results for volcanogenic massive sulphide (VMS) mineralization from the Wedge VMS Project in New Brunswick, Canada, indicating high-grade copper mineralization [1][3]. Assay Results - The assay results from various samples show significant copper (Cu) grades, with sample 280462 reporting 15.37% Cu Equivalent (Cu-Eq) and sample 280460 showing 16.64% Cu-Eq [2][15]. - Other notable samples include 280461 with 14.49% Cu-Eq and 280464 with 14.60% Cu-Eq, indicating a consistent presence of high-grade copper sulphide mineralization [3][5][11]. Mineralization Characteristics - The mineralization is characterized as massive and fine-grained, primarily consisting of chalcopyrite and covellite, which adds a high-grade component to the system [3][13]. - The samples were collected from a well-known area near historical mining landmarks, suggesting a promising exploration potential [3][13]. Company Overview - Nine Mile Metals Ltd. is focused on VMS exploration in the Bathurst Mining Camp, with a strategic emphasis on minerals essential for technology and green energy, including copper, silver, lead, and zinc [16]. - The company aims to leverage the growing demand for these metals, particularly in the context of electric vehicles and green technologies [16].
Canstar Concludes 2025 Field Season, Reports Year-in-Review Milestones, and Advances Winter Technical Program Toward 2026 Drilling
TMX Newsfile· 2025-12-29 12:25
Core Insights - Canstar Resources Inc. has concluded its 2025 field season in Newfoundland and is now initiating its Winter 2025/2026 technical program, aiming to start exploration drilling at the beginning of the 2026 exploration season, pending necessary permits and final program design [1][3] Group 1: 2025 Field Season and Future Plans - The company is focused on integrating and interpreting newly collected geological, geochemical, geophysical, and LiDAR datasets, along with continued 3D modeling and refinement of drill targets for the 2026 program [2][3] - With the completion of the 2025 field season, Canstar is positioned for 2026, emphasizing AI-supported targeting and drill program planning to enable a first-phase drill program [3] Group 2: Corporate Updates - The Board of Directors has approved the grant of 2,033,000 incentive stock options to directors and officers at an exercise price of $0.065 for a period of five years, subject to certain vesting provisions [4] - Canstar acknowledges financial support from the Junior Exploration Assistance Program by the Government of Newfoundland and Labrador, which has contributed to exploration programs on its Buchans-Mary March and Golden Baie projects [5] Group 3: Company Overview - Canstar Resources Inc. is an exploration company focused on critical minerals and gold, with its 100%-owned Golden Baie Project covering 489.5 km², hosting high-grade gold and antimony showings [6] - The Buchans and Mary March projects, spanning 122.5 km², are located in a historically rich mining camp known for zinc, copper, and silver, featuring high-grade zinc and copper discoveries [6]
Quebec Nickel Corp. Announces Offering Now Fully Allocated
TMX Newsfile· 2025-12-29 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - Québec Nickel Corp. (CSE: QNI) (FSE: 7lB) (OTCQB: QNICF) ("QNI" or the "Company") is pleased to announce that its non-brokered private placement for gross proceeds of $500,000 (the "Offering") initially announced on December 17, 2025, is fully allocated. "We thank our existing shareholders for their continued support of the Company and appreciate the interest from new shareholders participating in this Offering," said David Patterson, Chie ...
Germanium Mining Corp. Announces Closing of Private Placement
Thenewswire· 2025-12-24 23:35
Core Viewpoint - Germanium Mining Corp. has successfully completed a private placement, raising CAD $250,000 through the issuance of 1,250,000 units at $0.20 per unit, each unit comprising one common share and one warrant [1][2]. Group 1: Private Placement Details - The private placement consists of 1,250,000 units priced at $0.20 each, resulting in gross proceeds of CAD $250,000 [1]. - Each unit includes one common share and one transferable common share purchase warrant, allowing the holder to purchase an additional share at $0.30 for 12 months [1]. - The net proceeds will be used for exploration activities and general corporate purposes, with no finders' fee applicable [2]. Group 2: Company Governance and Shareholder Meeting - At the AGM held on December 23, 2025, 1,778,056 common shares, representing 15.3% of the total issued shares, were voted by proxy [4]. - Key decisions made at the AGM included setting the number of directors at four, appointing four directors, and appointing DMCL LLP as auditors for the fiscal year ending March 31, 2026 [4][6]. Group 3: Company Overview - Germanium Mining Corp. is a publicly traded mineral exploration company focused on discovery-stage mineral properties in North America and is a member of the Nevada Mining Association [5].
Stearman Resources Announces Name Change to Uraniumx Discovery Corp.
Thenewswire· 2025-12-24 23:00
Core Viewpoint - Stearman Resources Inc. will change its name to UraniumX Discovery Corp. effective December 31, 2025, reflecting its strategic focus on uranium exploration and the evolving nuclear energy landscape [1][2][3] Company Overview - Stearman Resources Inc. is a Canadian junior mineral exploration company focused on uranium discovery in the Saskatchewan Athabasca Basin, which hosts 10 of the world's top 15 highest-grade uranium deposits [6] - The company's flagship property is the Murphy Lake Uranium Property, where it is earning up to 70% through an option with F4 Uranium [7] - The company also owns the Zoo Bay Uranium Project (15 claims; 19,850 ha) and the NeoCore Uranium Property (6 claims; 13,012 ha), both located in regions with historical uranium occurrences [8][9] Strategic Direction - The name change to UraniumX Discovery Corp. is intended to sharpen the company's focus and enhance its brand, aligning its identity with its long-term growth objectives in the energy sector [2][3] - The company emphasizes its ambition to build a high-quality exploration platform in commodities critical to global energy security [3] Operational Details - There will be no change to the company's share capital or consolidation of shares due to the name change, and existing shareholders will not need to take any action [4][5] - The company's trading symbol is expected to remain unchanged unless otherwise announced [3]