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Bullion Gold Completes Private Placement
TMX Newsfile· 2025-12-23 21:15
Core Viewpoint - Bullion Gold Resources Corp. has successfully closed a private placement, raising $300,000 through the issuance of flow-through shares, which will be allocated for exploration activities on specific projects [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 2,727,273 flow-through units at a price of $0.11 each, resulting in gross proceeds of $300,000 [1]. - Each flow-through unit consists of one flow-through share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.13 for 24 months [2]. - A finder's fee of 8% in cash, totaling $20,000, was paid, along with the issuance of 181,818 finder's warrants, which can also be exercised at $0.13 for 24 months [3]. Group 2: Use of Proceeds and Project Information - Proceeds from the offering will be utilized for exploration expenses on the Cadillac-Extension and Terragold projects [2]. - The Cadillac-Extension project is a drill-ready VMS project, while the Terragold project is not detailed in the provided information [6][7]. - Bullion Gold holds a 100% interest in several projects, including Bousquet, Cadillac-Extension, and Bodo, with the Bousquet project optioned to Olympio Metals [6][7][8]. Group 3: Correction of Previous Information - The company corrected previously released information regarding a prior private placement, stating that 7,890,000 flow-through units were issued for gross proceeds of $394,500, rather than the previously reported figures [5].
Puma Exploration Announces Increase in Kinross' Equity Stake
TMX Newsfile· 2025-12-23 19:25
Rimouski, Quebec--(Newsfile Corp. - December 23, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) ("Puma" or the "Company") is pleased to announce that Kinross Gold Corporation ("Kinross") has exercised its right, granted under the investor rights agreement ("IRA") dated October 23, 2024, to increase its ownership stake in Puma's share capital from 9.1% to 14.8% (on an undiluted basis) and 17.4% (on a partially diluted basis) after giving effect to the Offering, but otherwise assuming that the num ...
Naughty Ventures Acquires Claims Adjacent to Q2 Metals Cisco Lithium Discovery in Quebec
TMX Newsfile· 2025-12-23 14:40
Core Viewpoint - Naughty Ventures Corp. has staked a strategic 7,207-hectare land package known as the Green Lightning Lithium Project, adjacent to Q2 Metals Corp.'s emerging lithium project in Quebec, highlighting the potential for significant mineral exploration in the region [1][3]. Group 1: Project Details - The Green Lightning Lithium Project is located directly beside Q2 Metals' Cisco Lithium Project, which has reported promising drill results, including 457.4 meters of 1.65% Li2O [2][3]. - The strategic land position is significant as lithium is classified as a critical mineral by both the USA and Canadian governments, with substantial funding being directed towards lithium projects [3]. Group 2: Industry Context - The Becancour area is being developed as a battery hub, attracting major investments from both federal and provincial governments, as well as companies like Ford and General Motors, indicating a growing interest in lithium and battery production [4]. - The Frotet Evans Greenstone Belt, where both the Green Lightning and Cisco projects are located, is recognized for hosting notable lithium deposits, enhancing the attractiveness of the area for mineral exploration [2]. Group 3: Company Overview - Naughty Ventures Corp. is focused on early-stage mineral projects with significant discovery potential, aiming to identify and advance promising mineral assets globally [8].
Panoro Minerals Ltd. Announces Closing of Final Tranche of Brokered LIFE Offering for Gross Proceeds of C$520,000
Globenewswire· 2025-12-23 14:29
Core Viewpoint - Panoro Minerals Ltd. has successfully closed the second tranche of its private placement, raising a total of C$3,438,200 to fund its Cotabambas Copper-Gold-Silver project and for general corporate purposes [1][3]. Group 1: Offering Details - The second tranche of the offering generated gross proceeds of C$520,000 from the sale of 1,300,000 units at a price of C$0.40 per unit [1]. - The total amount raised from the offering was C$3,438,200 from the sale of 8,595,500 units [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at C$0.60 until November 21, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project [3]. - Additional funds will be used for working capital and general corporate purposes [3]. Group 3: Regulatory and Agent Information - The offering was conducted under the listed issuer financing exemption, allowing the units to be issued to Canadian purchasers [4]. - Red Cloud Securities Inc. acted as the lead agent, with Cormark Securities Inc. as co-agent, receiving a 6.0% cash commission on the gross proceeds [5]. Group 4: Company Objectives - Panoro is focused on completing technical objectives, including project optimization studies that will contribute to a preliminary economic assessment for the Cotabambas Project [8]. - The company is also engaged in discussions regarding potential strategic alternatives to advance the project into construction and operation [8].
Brunswick Exploration Closes Upsized Non-Brokered Private Placement of $2.1 M
Globenewswire· 2025-12-23 14:17
Core Viewpoint - Brunswick Exploration Inc. has successfully closed a non-brokered private placement, raising approximately $2,121,542 through the sale of 12,123,097 flow-through shares at a price of $0.175 per share, which positions the company for an aggressive start to 2026 with upcoming drilling programs and resource estimates [1][2]. Group 1: Financial Details - The private placement generated gross proceeds of approximately $2,121,542 from the sale of 12,123,097 common shares [1]. - The company paid finder's fees totaling $62,726.24 to third parties in connection with the offering [2]. - Insiders participated in the offering, acquiring a total of 314,200 flow-through shares, which qualifies as a related party transaction under Regulation 61-101 [3]. Group 2: Future Plans and Developments - The company anticipates the release of the maiden resource estimate for the Mirage project in early January, followed by an expanded drilling program at the Anatacau discovery [2]. - Plans include prospecting in Saudi Arabia and further drilling at Mirage, both expected to commence in the second quarter of 2026 [2]. Group 3: Company Overview - Brunswick Exploration is a mineral exploration company based in Montréal, focusing on grassroots exploration for lithium, a critical metal for global decarbonization and energy transition [6]. - The company is advancing its portfolio of lithium properties and projects located in Quebec, Greenland, and Saudi Arabia [6].
Benton Provides End of Year Update
TMX Newsfile· 2025-12-23 12:30
Thunder Bay, Ontario--(Newsfile Corp. - December 23, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to provide its shareholders with a year-end update on activities and progress. With metal prices reaching record highs, Benton is well positioned to benefit from its exposure to several top-tier copper, gold, platinum, palladium and lithium projects. The Company thanks its shareholders for their continued support and looks forward to an exciting 2026 as it advances its Newfo ...
North American Niobium and Critical Minerals Corp. Advances Exploration with Radon Soil-Gas Survey Underway at Blanchette and Bardy Projects
Globenewswire· 2025-12-23 12:30
Core Viewpoint - North American Niobium and Critical Minerals Corp. has initiated a soil-gas survey at its Blanchette and Bardy projects in Québec to refine exploration targets for niobium and rare earth elements [1][3][4] Group 1: Survey Details - The soil-gas survey began on December 16, 2025, and is currently ongoing, covering 82 sample points at Blanchette and 68 sample points at Bardy [6] - The survey aims to assess the effectiveness of the soil-gas method in detecting geochemical indicators beneath overburden cover [3][4] - Radon, a naturally occurring gas from uranium and thorium decay, will be measured to provide insights into subsurface geology [3][4] Group 2: Company Strategy and Insights - The program reflects a disciplined approach to advancing the company's exploration portfolio in Québec [4] - The presence of thorium-bearing minerals at Blanchette suggests that the soil-gas method could yield valuable geochemical insights [4] - The company plans to evaluate the survey results to determine future exploration strategies [4] Group 3: Company Overview - North American Niobium and Critical Minerals Corp. focuses on acquiring and developing mineral assets, including rare earth elements, niobium, and nickel-copper occurrences [9] - The company’s portfolio includes properties in British Columbia and Québec, enhancing its exposure to critical minerals essential for energy and defense applications [9]
Vision Lithium Announces Closing of Flow-Through Private Placement
TMX Newsfile· 2025-12-23 12:00
Core Viewpoint - Vision Lithium Inc. has successfully completed a non-brokered private placement of 14 million common shares, raising gross proceeds of $280,000, aimed at funding eligible Canadian exploration expenses related to its projects in Quebec [1][2]. Group 1: Offering Details - The private placement involved the issuance of 14,000,000 flow-through shares at a price of $0.02 per share, resulting in total gross proceeds of $280,000 [1]. - The funds raised will be allocated to qualifying expenditures defined under the Income Tax Act (Canada) for critical mineral mining [2]. - A cash commission of $16,800 was paid to a finder, representing 6.0% of the proceeds, along with 840,000 non-transferable broker warrants, also at 6.0% of the shares sold [3]. Group 2: Securities and Regulations - All securities issued under the offering are subject to a hold period of four months and one day, expiring on April 23, 2026, and are pending final acceptance from the TSX Venture Exchange [4]. - The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without proper registration or exemption [5]. Group 3: Company Overview - Vision Lithium Inc. is a junior exploration company focused on high-quality mineral assets, including lithium and copper, in Canada [6]. - The company is led by experienced professionals with expertise in the battery materials market, particularly driven by lithium-ion batteries [6]. - Vision Lithium has completed a Preliminary Economic Assessment (PEA) on its Sirmac lithium project in 2023 and is committed to developing its advanced lithium properties in Quebec and Manitoba [6].
Azimut Further Defines Extensive High-Grade Lithium Pegmatite Field at Wabamisk East, James Bay Region, Quebec
Globenewswire· 2025-12-23 11:30
Core Insights - Azimut Exploration Inc. has made significant exploration progress on the Wabamisk East Property, enhancing its lithium potential by defining a high-grade spodumene pegmatite field [1][2] - The property is 100% owned by Azimut and has identified at least 138 distinct spodumene-bearing outcrops, with channel and grab samples returning an average grade of 1.94% Li2O [2][11] Exploration Progress - The 2025 field program has included extensive mechanical stripping, collection of 280 channel samples, and initial diamond drilling (5 holes, 615 m) to test surface targets [6][9] - The drilling program has confirmed the down-dip extension of mineralized outcrops, with significant spodumene-bearing intervals identified [9] Sample Results - Of the 493 samples collected since 2024, 340 returned grades higher than 0.5% Li2O, with an average grade of 1.94% Li2O [11] - Notable channel composite results include grades such as 2.53% Li2O over 7.0 m and 2.25% Li2O over 5.6 m [8][5] Geological Characteristics - The pegmatite bodies at Lithos North and Lithos South exhibit a north-south orientation with eastward dips, forming a lithium corridor approximately 1.2 km long and at least 250 m wide [13][14] - Spodumene crystals are generally coarse to very coarse, accompanied by minerals such as quartz and feldspar [15] Project Management and Future Plans - The drilling program is conducted by Nouchimi-RJLL Drilling Inc., with rock samples sent to ALS Laboratories for analysis [17] - Azimut plans a more substantial follow-up phase in 2026, as numerous high-grade outcropping targets are drill-ready [9]
Doubleview Gold Corp Closes First Tranche of $725,100, Non-Brokered Private Placement
TMX Newsfile· 2025-12-23 03:19
Core Viewpoint - Doubleview Gold Corp has successfully closed the first tranche of its non-brokered private placement, raising a total of $725,099.70 through the issuance of flow-through units [1][2]. Group 1: Private Placement Details - The first tranche involved the issuance of 557,769 flow-through units at a price of $1.30 per unit, resulting in gross proceeds of $725,099.70 [2]. - Each flow-through unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $2.00 per share for 24 months [2]. - The proceeds from this tranche will be allocated to the exploration program for the company's projects in British Columbia, particularly the polymetallic Hat Project [3]. Group 2: Financial and Regulatory Aspects - The company will pay finders fees totaling $2,502.50 in cash and issue 1,925 non-transferable finders warrants under the same terms as the flow-through units [3]. - All securities issued are subject to a four-month-and-one-day hold period, expiring on April 23, 2026, in compliance with securities laws [4]. - The private placement is pending final approval from the TSX Venture Exchange, with the company expecting to close the remaining portion in the coming weeks [4]. Group 3: Company Overview - Doubleview Gold Corp is a mineral resource exploration and development company based in Vancouver, focusing on precious and base metal projects across North America, especially in British Columbia [5]. - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects involving critical minerals such as gold, copper, cobalt, scandium, and silver [5]. - The company's success is attributed to the support of long-term shareholders and institutional investors, which has been crucial for advancing its strategic initiatives [6].