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Gold Hunter Closes First Tranche of Financing to Fund District-Scale Exploration Program
Newsfile· 2025-07-16 11:30
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF) (FSE: 6RH) ("Gold Hunter" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement financing (the "Offering") for total gross proceeds of $652,774.The first tranche consisted of:$436,005 raised through the issuance of flow-through units at a price of $0.09 per unit, and$216,769 raised through the issuance of non ...
iMetal Resources Closes First Tranche of Private Placement
Newsfile· 2025-07-16 08:15
Core Points - iMetal Resources Inc. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,525,330 by issuing 15,253,300 units at a price of $0.10 per unit [1][2] - Each unit consists of one common share and one transferable share purchase warrant, allowing the purchase of an additional share at $0.20 until July 15, 2027 [2] - The company plans to use the net proceeds for exploration, potential acquisitions, and general working capital [3] Financial Details - The company paid finders' fees of $74,153 and issued 741,531 non-transferable share purchase warrants to third parties who assisted in the offering [3] - Insiders participated in the offering, acquiring 1,500,000 units, which is classified as a related party transaction [4] - A further tranche of the offering is planned for combined gross proceeds of up to $5,000,000, with the remaining units priced at $0.105 each [5] Incentives and Future Plans - The company granted 1,500,000 incentive stock options and 1,000,000 restricted share units to directors, officers, and consultants [6] - The flagship property, Gowganda West, has a recent discovery hole of 48.5m at 0.85 g/t gold, located in the Abitibi Greenstone Gold Belt [7] - The company is focused on the exploration and development of resource properties in Ontario and Quebec [7]
Defiance Silver Completes Acquisition of Green Earth Metals Inc.
Newsfile· 2025-07-16 05:00
Core Viewpoint - Defiance Silver Corp. has successfully completed the acquisition of Green Earth Metals Inc. (GEMS), enhancing its position in the exploration sector with three copper-gold-silver projects in Sonora, Mexico [1][2][6]. Company Summary - Defiance has acquired 100% of GEMS, solidifying its status as a leading exploration company in Mexico's mineral belts [2][6]. - The acquisition involved issuing 4,954,613 common shares of Defiance at a deemed price of C$0.255 per share, totaling C$1,263,426 [5][6]. - GEMS projects cover 6,795.22 hectares in Sonora, a region known for significant copper deposits, including Cananea and La Caridad [6][8]. Industry Context - Sonora is recognized as Mexico's premier mining jurisdiction, contributing 75.6% of the country's copper production and 25.7% of gold output as of early 2024 [8]. - The state accounts for 31.4% of the national mining value, highlighting its robust mining environment [8]. - The GEMS projects are strategically located near major mining operations, such as Alamos Gold's Mulatos Mine, which produces over 120,000 ounces of gold annually [9][8]. Exploration Potential - Defiance plans to advance exploration efforts on the newly acquired projects, with a comprehensive exploration campaign including a diamond drill program at the Victoria project [7][12]. - Historical exploration has indicated extensive geological features suggestive of large-scale hydrothermal Cu-Au-Ag systems within the Porphyry Copper Belt of Sonora [12][13]. - The Victoria Project consists of 1,795.22 hectares and shows potential for secondary copper enrichment, indicating strong exploration upside [13][12].
Search Minerals Inc. Announces Settlement with Certain Creditors
Newsfile· 2025-07-16 01:27
Group 1 - Search Minerals Inc. has agreed to settle $100,000 of remaining debt through a combination of share issuance and cash payment [1] - The company will issue 203,688 common shares to Todd Burlingame and make a cash payment of $26,600 to Kee Scarp Ltd. [1] - The completion of the share issuance is subject to approval from the TSX Venture Exchange and will have a hold period of four months and one day [2] Group 2 - The share issuance and cash payment are part of a settlement agreement with creditors [1] - The company is required to comply with applicable securities legislation regarding the issuance of shares [2]
Quantum Closes Second Tranche of Private Placement
Thenewswire· 2025-07-16 00:40
Group 1 - Quantum Critical Metals Corp. has closed a second tranche of its non-brokered private placement financing, raising gross proceeds of $400,000 through the sale of 4,000,000 units at a price of $0.10 per unit [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one share at a price of $0.20 until July 15, 2027 [1] - The company plans to use the net proceeds from the offering to fund exploration activities in British Columbia and Quebec, as well as for general corporate purposes [2] Group 2 - The closing of the offering is subject to final approval from the TSX Venture Exchange and other customary conditions for a private placement [3] - A final tranche is expected to close around July 17, 2025, with all securities issued subject to a statutory hold period expiring on November 16, 2025 [3] - The company paid finder's fees of $11,830 in cash and issued 118,300 broker warrants related to subscriptions from purchasers introduced by certain persons [4] Group 3 - Quantum Critical Metals Corp. is focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various projects in Quebec and British Columbia [7] - The company is strategically positioned to support the transition to a secure and sustainable critical minerals supply in the West [7]
Southern Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 Million
Newsfile· 2025-07-15 21:59
Group 1 - Southern Silver Exploration Corp. has entered into an agreement with Red Cloud Securities Inc. for a private placement to raise approximately C$8,000,000 by selling 29,629,630 units at C$0.27 per unit [1][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.40 within 36 months after the closing date [2] - The company plans to use the net proceeds from the offering for advancing the Cerro Las Minitas project in Durango, Mexico, as well as for working capital and general corporate purposes [4] Group 2 - An over-allotment option allows Red Cloud to purchase an additional 7,407,408 units for up to C$2,000,000 in gross proceeds [3] - The offering is expected to close on or about July 29, 2025, subject to regulatory approvals [7] - The offering will be available to purchasers in specific Canadian provinces and may also be sold in offshore jurisdictions and the United States under certain exemptions [5]
Belmont Resources Completes Over 2,000 Meters of Diamond Drilling at 100%-Owned Come By Chance Property in Southern British Columbia
Thenewswire· 2025-07-15 14:20
Core Viewpoint - Belmont Resources Inc. has successfully completed its 2025 diamond drilling campaign at the Come By Chance project, totaling over 2,000 meters, indicating potential for significant mineralization in the area [1][6]. Geological Features - The Come By Chance property shows geological characteristics of both a copper-gold porphyry system and a high-grade carbonate replacement deposit (CRD) within the Quesnel Terrane [3]. - 2022 drilling confirmed widespread porphyry-style alteration and mineralization, with up to 20% pyrite observed, suggesting a concealed porphyry core [5]. - High-grade surface samples were recorded, including values up to 17.05 g/t Au and 6.74% Cu [5]. Drilling Program - The 2025 drilling program was designed to follow up on promising results from 2022, with five key target areas selected based on geological and geophysical modeling [6]. - All drill holes were completed on schedule and within budget [7]. Next Steps - The geological team is currently logging and processing core samples, with assay results expected within approximately eight weeks [8]. Company Portfolio - Belmont has a diverse portfolio of projects, including copper, gold, lithium, uranium, and rare earth elements located in British Columbia, Saskatchewan, Washington, and Nevada [11]. - The Come By Chance project is highlighted as a compelling porphyry-CRD system, while other projects like Athelstan-Jackpot Gold and Crackingstone Uranium also show significant potential [13][15]. Exploration Focus - The Athelstan-Jackpot Gold project has identified a potential resource of 2,000 to 5,000 ounces of gold in surface and near-surface mineralized areas [14]. - The Crackingstone Uranium property has demonstrated historic high-grade uranium potential, with grab sample grades of up to 15.6% U₃O₈ [16]. Infrastructure and Strategic Importance - The Crackingstone property benefits from excellent infrastructure, including road access and power availability, enhancing its strategic importance for exploration [18].
Montero Announces Repricing of Stock Options
Globenewswire· 2025-07-15 12:44
Core Points - Montero Mining and Exploration Ltd. has approved the repricing of 741,667 outstanding incentive stock options from a range of $1.98 to $2.04 per share to $0.30 per share [1] - The company intends to seek disinterested shareholder approval for the repricing of 650,000 stock options held by insiders at its next annual general and special meeting expected in Q4 2025 [2] - Montero recently concluded a $27 million settlement with the Government of Tanzania regarding the expropriated Wigu Hill rare earth project [3] - The company holds the Avispa copper-molybdenum project in northern Chile and is advancing it through exploration [4] - Montero is listed on the TSX Venture Exchange under the symbol MON, with 8,353,833 common shares and 741,667 stock options outstanding [4]
Callinex Mines Inc. Receives $150,000 Grant and Additional Exploration Permits for Point Leamington Project, Newfoundland
Globenewswire· 2025-07-15 12:30
VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has received approval for a grant of up to $150,000 from the Newfoundland and Labrador Junior Exploration Assistance (JEA) Program for its 100% owned Point Leamington Project (the "Project"). Additionally, the Company has secured additional exploration permits from the Department of Natural Resources, Newfoundland and Labrador, for the Pro ...
Mirasol Signs Agreement for the Sale of the Nord Projects in Chile for US$2.5 Million Plus Royalty
GlobeNewswire News Room· 2025-07-15 11:00
Eco Earth to acquire the Nord East and Nord West Projects for a total combined consideration of ~US$2.5 million over 4 years of scheduled paymentsMirasol will retain a 2% NSR royalty on Nord East, Eco Earth will have the right to purchase the first 1% for US$3.0 million, and the remaining 1% for an additional US$6.0 millionMirasol will retain a 1% NSR royalty on Nord West, Eco Earth will have the right to purchase back for US$1.0 million VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- Mirasol ...