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Cornish Metals Obtains Final Order for Plan of Arrangement
Globenewswire· 2025-12-13 02:54
Core Viewpoint - Cornish Metals Inc. has received approval from the Ontario Superior Court for its re-domicile to the United Kingdom through a statutory plan of arrangement, facilitating the transfer of shares to Cornish Metals plc [1][2][3] Group 1: Arrangement Details - The arrangement involves exchanging one Cornish UK Share for every ten Cornish Canada Shares held, with rounding down to the nearest whole number [2] - The arrangement is expected to close on or about December 16, 2025, subject to customary closing conditions [3] - Following the completion, Cornish Canada Shares will be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer in applicable jurisdictions [3] Group 2: Company Overview - Cornish Metals is focused on advancing the South Crofty tin project, which is a historical underground tin mine in Cornwall, UK, with existing mine infrastructure [6] - The South Crofty project is noted as the highest grade known tin resource not currently in production and is permitted for underground mining until 2071 [6] - The project is positioned to potentially be the first primary producer of tin in Europe or North America, with tin classified as a critical mineral by multiple governments [6]
Cornish Metals Obtains Final Order for Plan of Arrangement
Globenewswire· 2025-12-13 02:54
Core Viewpoint - Cornish Metals Inc. has received court approval for its re-domicile to the United Kingdom, facilitating the transfer of shares to a new entity, Cornish Metals plc, as part of a statutory plan of arrangement [1][2][3]. Group 1: Company Structure and Share Exchange - The arrangement involves exchanging one Cornish UK Share for every ten Cornish Canada Shares held, with rounding down to the nearest whole number [2]. - Shareholders with fewer than ten Cornish Canada Shares will receive no Cornish UK Shares [2]. - The transaction is expected to close around December 16, 2025, after satisfying customary closing conditions [3]. Group 2: Project Overview - Cornish Metals is advancing the South Crofty tin project, which is a historical underground tin mine in Cornwall, UK, and is the highest grade known tin resource not currently in production [6]. - The project is permitted for underground mining until 2071 and includes plans for a new processing facility and necessary site infrastructure [6]. - The South Crofty project could potentially be the first primary tin producer in Europe or North America, addressing the critical mineral demand as defined by various governments [6]. Group 3: Community and Economic Impact - The project is expected to generate over 300 direct jobs and has strong support from local communities and government [6].
Copper Road Announces $750,000 Financing
Globenewswire· 2025-12-12 22:00
Core Viewpoint - Copper Road Resources Inc. is conducting a non-brokered private placement to raise gross proceeds of up to $750,000 through the sale of common share units and flow-through common share units [1] Group 1: Offering Details - The Offering includes the sale of up to 3,333,333 common share units at a price of $0.045 per Unit for gross proceeds of up to $150,000 and 13,333,333 flow-through units at the same price for gross proceeds of up to $600,000 [1] - Each Unit consists of one common share and one common share purchase warrant, while each FT Unit consists of one flow-through share and one warrant [2] Group 2: Use of Proceeds - Proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses, specifically for the exploration of the Ben Nevis Project [3] - Proceeds from the sale of common share units will be allocated for property payments on the Ben Nevis Project and general working capital [4] Group 3: Regulatory and Compliance Information - The Offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange, and all securities issued will be subject to a hold period of four months and one day post-issuance [6][8] - The Company may pay finder's fees to eligible finders, and certain insiders may participate in the Offering, which will be treated as a related party transaction [5]
Bird River Announces Name Change
Newsfile· 2025-12-12 18:00
Winnipeg, Manitoba--(Newsfile Corp. - December 12, 2025) - Bird River Resources Inc. (CSE: BDR) (the "Company") is pleased to announce, following the approval received from shareholders of the Company at its annual general and special meeting ("AGSM") held on November 13, 2025 and subject to the approval of the Canadian Securities Exchange (the "CSE"), the Company will complete a name change from "Bird River Resources Inc." to "Exter Gold Corp." to take effect at the open of market on or about December 17, ...
Bunker Hill Completes The Ranger Page Project Acquisition in Idaho’s Silver Valley and Provides Corporate Update; Advances Exploration in Idaho Leveraging VRIFY’s AI-Enabled Exploration Intelligence Software
Globenewswire· 2025-12-12 11:00
Core Points - Bunker Hill Mining Corp has completed the acquisition of mineral interests from Silver Dollar Resources, consolidating control over a historically productive area in Idaho's Silver Valley mining district [1][2][3] - The acquisition includes a 100% interest in the Ranger-Page mineral interests and a 75% interest in the Government Gulch property, expanding the company's mineral claim package by approximately 1,205 acres [1][2][4] - The total consideration for the acquisition is approximately US$2.4 million, paid in shares of Bunker Hill's common stock [4][5] Acquisition Details - The acquisition enhances Bunker Hill's operational footprint and provides access to an extensive historical geological database, which could extend the operational life of the Bunker Hill Mine [2][3] - The asset purchase agreement includes a structured payment schedule for the shares, with specific release dates for the shares to the vendor [4][5][6] - The transaction is arm's length, and no finder's fee was paid [6] Option Agreements - Bunker Hill has acquired Silver Dollar's position under option agreements with Deadwood Land, LLC and Blackhawk Exploration LLC, allowing for potential future acquisitions of mineral interests [7][8][10] - The Deadwood Option allows Bunker Hill to negotiate for surface rights necessary to support mining operations, with a payment of $1.5 million required before November 17, 2031 [9][8] - The Blackhawk Option includes a 75% interest in the Blackhawk Property, with the potential to acquire the remaining 25% by December 31, 2025 [10][12] AI Integration - Bunker Hill has partnered with VRIFY Technology Inc. to utilize AI and machine learning technology for enhancing exploration efficiency in the expanded Bunker Hill and Ranger-Page Project [14][15] - The integration of VRIFY's DORA software aims to process extensive geological datasets to uncover new patterns and refine exploration targets [15][17] - This AI-assisted approach is expected to accelerate the path from data to discovery, addressing the urgent need for innovation in the mining industry [17][18] Corporate Activities - The company's board of directors has approved an increase in the authorized shares of common stock from 2.5 billion to 3.5 billion, providing greater flexibility for future issuances [23][24][25] - The amendment reflecting the Authorized Share Increase was approved by stockholders representing 53.36% of the company's outstanding voting power [24]
Silver Dollar Completes Sale of Ranger-Page Silver-Zinc-Lead Project to Bunker Hill Mining
Newsfile· 2025-12-11 21:45
Core Viewpoint - Silver Dollar Resources Inc. has successfully completed the sale of the Ranger-Page Project to Bunker Hill Mining Corp, positioning itself as a significant shareholder in a near-term producer, with first production from Bunker Hill Mine expected in H1 2026 [2][4]. Transaction Summary - Silver Dollar received 23,333,334 common shares of Bunker Hill, valued at approximately $5,800,000 based on the closing price of Bunker Hill's shares on the TSX Venture Exchange [6]. - The shares will be subject to a six-month hold period and will be released according to a specified schedule [6]. Strategic Highlights - The acquisition creates a contiguous land package, making it one of the largest holdings in the Silver Valley [7]. - Historical data indicates high-grade silver-lead-zinc mineralization along the Page vein system, which remains open for further exploration [7]. - Existing infrastructure from the Ranger-Page Mines could enhance future mine planning and exploration access [7]. - The acquisition aligns with Bunker Hill's restart plan for operations at the Bunker Hill Mine, targeted for H1 2026, and offers potential for resource expansion [7]. - The transaction is expected to create local employment opportunities and stimulate regional procurement [7]. Exploration Potential - The Ranger-Page land package includes six historic mines and is strategically located adjacent to Bunker Hill Mining property [8]. - Primary exploration targets have been identified based on historical mining data and geophysical surveys, indicating potential for further mineralization [8].
Nevada Lithium Announces Winter Work Program Focused on Further Enhancing Value of the Bonnie Claire Lithium & Boron Project
Globenewswire· 2025-12-11 12:00
Core Viewpoint - Nevada Lithium Resources Inc. has initiated a winter work program at its 100% owned Bonnie Claire lithium project to address questions from the 2025 Preliminary Economic Assessment (PEA) and evaluate the potential for additional critical mineral recovery, particularly cesium and rubidium, alongside lithium and boron [1][2][5]. Group 1: Project Development - The company is progressing with several recommendations from its PEA to establish a foundation for a larger work program in 2026 aimed at advancing the project towards a Pre-Feasibility Study [5]. - The CEO highlighted the multi-faceted nature of the work program, which is expected to yield valuable technical information with positive economic implications [2]. Group 2: Mineral Recovery Potential - Significant cesium (Cs) and rubidium (Rb) mineralization has been identified at Bonnie Claire, with initial tests indicating their presence in the pregnant leach solution (PLS) [6][7]. - A proof-of-concept study has been commissioned to evaluate the recovery potential of cesium and rubidium, which could enhance the project's economic viability [7][8]. Group 3: Technical Due Diligence - The company is conducting due diligence on the Hydraulic Borehole Mining Method (HBHM) to validate its suitability for extracting high-grade lithium and boron at Bonnie Claire [3][9]. - A global engineering firm has been retained to review the mine design and geotechnical conditions, ensuring the HBHM method is applicable to the geology of Bonnie Claire [11][12]. Group 4: Lithium Residency Research - The company has signed a research agreement with the University of Naples Federico II to investigate lithium distribution in clay minerals at Bonnie Claire [14]. - The research will utilize advanced techniques such as X-ray diffraction and Scanning Electron Microscopy to analyze ore textures and mineralogy, aiming to improve resource modeling [15][16]. Group 5: Economic Assessment - The 2025 PEA indicates a $6.829 billion after-tax net present value at an 8% discount rate, based on lithium carbonate priced at $24,000 per tonne and boric acid at $950 per tonne, with a projected after-tax internal rate of return of 32.3% [19].
Galway Metals Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$11.5 Million and a Separate Non-Brokered Private Placement for Gross Proceeds of Approximately C$462,000
Globenewswire· 2025-12-10 16:07
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to announce the closing of its previously announced “best efforts” private placement (the “Offering”) for aggregate gross proceeds of approximately C$11,500,000, which includes the exercise in full of the agent’s option. Pursuant to the Offering, the Company sold (i) 4,629,630 units of the Company ...
REMINDER – QGold to Host Live Webinar to Discuss Corporate Update
Globenewswire· 2025-12-10 12:30
Core Points - Q-Gold Resources Ltd. will host a corporate update presentation via live webinar on December 10, 2025, at 10:30 a.m. EST, featuring CEO Peter Tagliamonte discussing business developments [1][2] - The company has granted 500,000 stock options to a director and officer, with an exercise price of $0.28 per option, vesting immediately and subject to a four-month hold period [3] - Q-Gold is focused on advancing its gold and silver projects, particularly the Quartz Mountain Gold Project in Oregon and the Mine Centre Gold Project in Ontario [5] Company Overview - Q-Gold Resources Ltd. is a publicly traded mineral exploration and development company based in North America, listed on TSX Venture Exchange, OTCQB, and Börse Frankfurt [4] - The company aims to progress its portfolio of gold and silver assets toward production, emphasizing resource expansion through systematic exploration and responsible environmental stewardship [5]
QGold Announces $2,000,000 Private Placement Flow-Through Financing
Globenewswire· 2025-12-09 23:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) (“QGold” or the “Company”) announces today that it intends to complete a best efforts non-brokered private placement financing of up to 5,714,285 common shares of the Company (each, a “Flow-Through Share”) issued on a “flow-through basis” for proceeds of up to approximately $2,000,000 (the “Offering”). ...