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ATEX Resources Increases Previously Announced Bought Deal Financing to C$96 Million
Globenewswire· 2025-10-23 13:28
Core Viewpoint - ATEX Resources Inc. has announced an increase in its bought deal offering to 36,750,000 units at a price of C$2.60 per unit, aiming to raise approximately C$96 million for the exploration and development of the Valeriano Project in Chile [1][6]. Offering Details - Each unit consists of one common share and one warrant, with the warrant exercisable at C$4.00 for four years [2]. - The underwriters have an option to sell an additional 15% of the total number of securities to cover over-allotments [4]. - The offering will be conducted via private placement in Canada and may also be sold in the U.S. under certain exemptions [5]. Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and development of the Valeriano Project and for general working capital [6]. Project Overview - The Valeriano Project is located in the Atacama Region of Chile, within a mineral belt that includes several significant copper-gold deposits [9]. - The project hosts a large, high-grade copper-gold porphyry mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [9].
Sagittarius Mines seeks strategic partner for Tampakan project
Yahoo Finance· 2025-10-23 11:11
Core Insights - Sagittarius Mines is seeking a strategic partner to aid in the development of the Tampakan copper-gold project in the Philippines, with a focus on acquiring modern technology for project advancement [1][3] - The Tampakan project is projected to be the largest gold and copper mine in the Philippines, with an expected annual production of approximately 375,000 tonnes of copper and 360,000 ounces of gold in concentrate over a 17-year period, although production has been delayed until 2028 [2] - The project has faced multiple challenges, including the withdrawal of Glencore in 2015 and regulatory hurdles, such as the ban on open-pit mining, which was lifted in 2021 [4] Industry Context - President Ferdinand Marcos Jr. has been proactive in revitalizing the Philippine mining sector since taking office in 2022, with a new taxation law recently signed that is viewed as a potential catalyst for investment [4] - The Philippines has a significant amount of untapped mineral reserves, with only a small portion of the nine million hectares identified by the government currently being mined [5] - The government is preparing to auction mining assets to attract more investors, focusing on selecting competent operating companies alongside advantageous offers [6]
Pacific Ridge Intersects 154.7 m of 0.63% Copper Equivalent or 0.94 g/t Gold Equivalent; Expands Mineralization 270 m to the Northwest
Newsfile· 2025-10-23 11:00
Core Insights - Pacific Ridge Exploration Ltd. reported significant drilling results from its RDP copper-gold project, with drill hole RDP-25-012 intersecting 154.7 m of 0.63% copper equivalent (CuEq) or 0.93 g/t gold equivalent (AuEq), including 86.0 m of 0.97% CuEq or 1.44 g/t AuEq [1][4][3] Drilling Highlights - The 2025 drill program at RDP focused on the Day target, confirming the presence of porphyry copper-gold mineralization similar to that found at Red Chris and Saddle North [3][11] - Five drill holes totaling 2,156 m were completed, with notable results from RDP-25-012 and RDP-25-013, which confirmed the elongate and tabular nature of mineralization [4][11] - Drill hole RDP-25-014 expanded the potential for mineralization at the Day target by intersecting 130.8 m of 0.47% CuEq or 0.70 g/t AuEq, located 270 m to the north-northwest of previous intersections [4][27] Mineralization Characteristics - The mineralization at the Day target is characterized by multiphase monzonitic porphyry intrusions and associated potassic alteration, sharing similarities with other significant deposits in northern British Columbia [28] - The company estimates copper recoveries of 80%, gold recoveries of 60%, and silver recoveries of 60% [10] Future Plans - Future drilling will target the intersection between the western and eastern magnetic lobes to explore for high-grade mineralization [27] - A detailed drone magnetics survey is planned for pre-2026 to assist in targeting [27]
ATEX Resources Announces C$85 Million Bought Deal Financing
Globenewswire· 2025-10-22 20:43
Core Viewpoint - ATEX Resources Inc. has announced a private placement offering to raise approximately C$85 million to advance the exploration and development of its Valeriano Project in Chile [1][6]. Offering Details - The offering consists of 32,700,000 units priced at C$2.60 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the purchase of one common share at C$4.00 for four years from the closing date [2]. - The offering is expected to close on or about November 6, 2025, subject to regulatory approvals [6]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development of the Valeriano Project, as well as for general working capital purposes [6]. Underwriters' Details - The underwriters will receive a cash fee of 5.00% of the gross proceeds, reduced to 2.00% for certain identified purchasers [7]. - An option exists for underwriters to sell up to an additional 15% of the total number of securities to cover over-allotments [4]. Project Overview - The Valeriano Project is located in the Atacama Region of Chile and is part of a mineral belt that includes several significant copper-gold deposits [9]. - The project hosts a large, high-grade copper-gold porphyry mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [9].
Visionary Copper and Gold Mines Inc. Announces $3.0 million Private Placement Financing for Exploration Campaign at Pt. Leamington Project, NFLD
Globenewswire· 2025-10-22 12:30
Core Viewpoint - Visionary Copper and Gold Mines Inc. is initiating a non-brokered private placement to raise up to $3.0 million to fund a drilling campaign at its 100% owned Pt. Leamington Project in Newfoundland [1]. Group 1: Offering Details - The Offering will consist of three components: 1. Up to 1,560,000 hard dollar units (HD Units) priced at C$0.75 each, aiming for gross proceeds of up to C$1,170,000 [2]. 2. Up to 1,333,333 flow-through units (FT Units) priced at C$1.11 each, targeting gross proceeds of up to $1,480,000 [2]. 3. Up to 267,175 Manitoba flow-through units (MB FT Units) priced at C$1.31 each, with gross proceeds of up to $350,000 [2]. Group 2: Unit Composition - Each HD Unit will consist of one common share and one-half of a transferable common share purchase warrant [3]. - Each FT Unit and MB FT Unit will consist of one flow-through common share and one-half of a transferable warrant [3]. Group 3: Use of Proceeds - Gross proceeds from the sale of FT Units will be allocated to eligible "Canadian exploration expenses" related to the Pt. Leamington Project, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2025 [4]. - Net proceeds from the sale of HD Units will be utilized for working capital and general corporate purposes [4]. Group 4: Company Overview - Visionary Copper and Gold Mines Inc. is focused on advancing its portfolio of base and precious metals deposits in established Canadian mining jurisdictions, particularly the Pt. Leamington Deposit in Newfoundland [7]. - The company has reported an indicated mineral resource of 5.0 million tonnes grading 2.5 g/t AuEq, equating to 402,000 ounces of AuEq [7]. - The company is also permitting the Rainbow deposit at its Pine Bay Project, with an indicated mineral resource of 3.44 million tonnes grading 3.59% CuEq, containing 272.4 million pounds of CuEq [7].
Visionary Copper and Gold Mines Inc. Announces $3.0 million Private Placement Financing for Exploration Campaign at Pt. Leamington Project, NFLD
Globenewswire· 2025-10-22 12:30
Core Viewpoint - Visionary Copper and Gold Mines Inc. is initiating a non-brokered private placement to raise up to $3.0 million to fund a drilling campaign at its 100% owned Pt. Leamington Project in Newfoundland [1] Offering Details - The Offering will consist of three components: 1. Up to 1,560,000 hard dollar units (HD Units) priced at C$0.75 each, aiming for gross proceeds of up to C$1,170,000 [2] 2. Up to 1,333,333 flow-through units (FT Units) priced at C$1.11 each, targeting gross proceeds of up to $1,480,000 [2] 3. Up to 267,175 Manitoba flow-through units (MB FT Units) priced at C$1.31 each, with gross proceeds of up to $350,000 [2] Unit Composition - Each HD Unit will consist of one common share and one-half of one transferable common share purchase warrant [3] - Each FT Unit and MB FT Unit will consist of one flow-through common share and one-half of one transferable Warrant [3] Use of Proceeds - Gross proceeds from the sale of FT Units will be allocated to eligible "Canadian exploration expenses" related to the Pt. Leamington Project, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2025 [4] - Net proceeds from the sale of HD Units will be utilized for working capital and general corporate purposes [4] Company Overview - Visionary Copper and Gold Mines Inc. is focused on advancing its portfolio of base and precious metals deposits in established Canadian mining jurisdictions, particularly the Pt. Leamington Deposit in Newfoundland [7] - The company has reported an indicated mineral resource of 5.0 million tonnes grading 2.5 g/t AuEq, equating to 402,000 ounces of AuEq [7] - The company is also permitting the Rainbow deposit at its Pine Bay Project, with significant mineral resources reported [7]
Eagle Plains Partner Sun Summit Completes 2025 Program at the Theory Project, Toodoggone District, BC
Accessnewswire· 2025-10-22 11:00
Core Points - Eagle Plains Resources Ltd. has announced the completion of the 2025 field program at the Theory copper-gold project in partnership with Sun Summit Minerals Corp [1] Company Summary - Eagle Plains Resources Ltd. (TSXV:EPL) is actively involved in the Theory copper-gold project located in north-central British Columbia [1] - Sun Summit Minerals Corp. (SMN)(SMREF) is the partner responsible for completing the field program at the Theory Project [1]
Atico Produces 2.24 Million Pounds of Cu and 1,906 Ounces of Au in Third Quarter 2025
Globenewswire· 2025-10-21 20:30
Core Insights - Atico Mining Corporation reported a decrease in production for Q3 2025, with copper production at 2.24 million pounds and gold production at 1,906 ounces, representing declines of 23% and 8% respectively compared to Q3 2024 [1][6][7] Production and Operational Review - The El Roble mine's production was impacted by a transition to lower-grade ore zones, which were previously excluded from reserves, while higher metal prices allowed for profitable mining of these areas [2][4] - The mine plan was revised to incorporate out-of-reserve material, leading to results below budget, particularly in copper head grade, which increased but not as much as forecasted [2][4] - The company anticipates improved production in the following quarter due to higher copper head grades, while continuing to maximize ore recovery from lower zones [2][4] Financial Guidance - Revised production guidance for 2025 includes copper production between 9,000 to 9,500 thousand pounds and gold production between 7,500 to 8,500 ounces, with C1 cash costs projected at $1.70 to $1.80 per pound [4] Concentrate Shipment and Inventory - A planned concentrate shipment was postponed from September to October due to vessel availability, resulting in expected revenue from Q3 being recorded in Q4 [5] - The concentrate inventory at the end of Q3 2025 was 6,619 dry metric tonnes, with no sales recorded during the quarter [10] Operational Metrics - Key operational metrics for Q3 2025 included a decrease in tonnes of ore mined by 10% to 61,005 tonnes and a decrease in average processed tonnes per day by 3% to 741 [6][8] - The copper head grade was reported at 1.82%, a decrease of 14% from Q3 2024, while gold head grade remained stable at 1.53 grams per tonne [7][8]
ATEX Drills New Highest-Grade Intercept in First Phase VI Drill Hole Hitting 164 Metres of 2.72% CuEq Including 40 Metres of 4.73% CuEq in the B2B Zone
Newsfile· 2025-10-21 11:00
Core Insights - ATEX Resources Inc. has reported exceptional initial results from its Phase VI drill campaign at the Valeriano Copper-Gold Project, with drill hole ATXD25C intersecting 164 meters of 2.72% copper equivalent (CuEq), including 40 meters of 4.73% CuEq, marking the highest-grade intercept to date in the B2B Zone [1][2][3] Drill Results - Drill hole ATXD25C intersected 164 meters of 2.72% CuEq, comprising 1.69% copper and 0.97 g/t gold, with notable intervals of 86 meters at 3.77% CuEq and 40 meters at 4.73% CuEq starting from 1,558 meters downhole [3][4] - The results indicate a broader intercept of 528 meters at 1.32% CuEq from 1,302 meters downhole, suggesting potential for increased grade in the B2B Zone [3][4] - The B2B Zone remains open in all directions, highlighting the potential for further mineral resource expansion [3][4] Phase VI Drill Program - The Phase VI drill program is fully operational with six rigs targeting approximately 25,000 meters of exploration, which commenced six weeks earlier than the previous Phase V program, reflecting improved operational efficiency [9] - The primary objective is to further define the high-grade B2B Zone, which has shown record initial results, potentially enhancing the overall grade profile of the Valeriano Project [9] Future Exploration - Additional drill holes, including ATXD26B, ATXD23A, and ATXD30, are currently in progress, targeting high-grade mineralization and new discovery areas, with assay results pending [10][12] - The ongoing exploration aims to confirm high-grade mineralization along strike and test untested geophysical anomalies, indicating a strategic focus on expanding the resource base [10][12] Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, which is part of an emerging copper-gold porphyry mineral belt [14] - The project hosts a significant mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq, as reported on September 23, 2025 [14]
Pacific Ridge Intersects 112.2 m of 1.35% Copper Equivalent or 2.02 g/t Gold Equivalent at the RDP Copper-Gold Project
Newsfile· 2025-10-16 11:30
Core Insights - Pacific Ridge Exploration Ltd. announced significant drilling results from the RDP copper-gold project, with drill hole RDP-25-011 intersecting 112.2 meters of 1.35% copper equivalent (CuEq) or 2.02 grams per tonne gold equivalent (AuEq) within a broader interval of 405.0 meters of 0.71% CuEq or 1.06 g/t AuEq [1][4][5] Drilling Highlights - The 2025 drill program at RDP was deemed a success, achieving its goals of following up on previous high-grade intervals, confirming mineralization geometry, and testing the western magnetic lobe [3][12] - Drill hole RDP-25-011 recorded the best CuEq intercept at RDP to date, surpassing the previous best of 107.2 meters of 1.39% CuEq [5][10] - Notable high-grade intervals within RDP-25-011 included 22.2 meters of 2.20% CuEq, 32.0 meters of 2.06% CuEq, and 19.0 meters of 2.68% CuEq [5][10] Project Overview - The RDP project is located in British Columbia's Golden Horseshoe, approximately 40 kilometers west of the flagship Kliyul copper-gold project [1] - The 2025 drilling program focused on the Day target, with a total of five drill holes completed, totaling 2,156 meters [5][12] Future Prospects - Results from the remaining three drill holes, RDP-25-012, RDP-25-013, and RDP-25-014, are pending, with expectations of confirming the mineralization geometry and potential for further discoveries [3][5][12]