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Cornish Metals Announces Filing of a Management Information Circular and Related Materials for Its Special Meeting of Shareholders in Relation to Its Proposed Re-Domicile
Globenewswire· 2025-11-03 15:00
Core Viewpoint - Cornish Metals Inc. is proceeding with a re-domicile to the UK and has scheduled a special meeting for shareholders on December 3, 2025, to discuss this transition [1][6][16]. Group 1: Special Meeting Details - The Special Meeting will be held virtually on December 3, 2025, at 9:00 am Vancouver time (5:00 pm London time) [2][16]. - Only registered Cornish Canada Securityholders can vote and ask questions, while beneficial shareholders attending as guests cannot vote [2][16]. Group 2: Re-Domicile and Admission to AIM - Following the re-domicile, Cornish Metals plc will apply for admission to trading on the AIM market of the London Stock Exchange [3][15]. - Shareholders will retain the same percentage ownership in Cornish UK as they had in Cornish Canada, ensuring equivalent interests in profits, net assets, and dividends [5][10]. Group 3: Reasons for Re-Domicile - The Board believes that a UK-domiciled company is more appropriate operationally and from an investor standpoint due to the location of Cornish Canada's assets [6][14]. - The re-domicile is expected to enhance Cornish UK's profile among European investors and improve access to capital markets [6][7]. Group 4: Arrangement Terms - Under the Arrangement Agreement, shareholders will receive one Cornish UK Share for every ten Cornish Canada Shares held [8][13]. - Equity award holders will receive replacement awards in Cornish UK on similar terms to ensure economic benefits remain consistent [9][10]. Group 5: Timeline and Next Steps - The acquisition of Cornish Canada Shares by Cornish UK is expected to occur around December 16, 2025, with trading on AIM commencing on December 18, 2025 [23][24]. - Key dates include the final court hearing for approval on December 11, 2025, and the last day of trading for Cornish Canada Shares on AIM on December 16, 2025 [24].
Guardian Metal reports gold, silver and copper findings at Garfield project
Yahoo Finance· 2025-11-03 14:24
Core Insights - Guardian Metal Resources has provided an update on its Garfield gold-silver-copper project, highlighting new areas of high-grade mineralization in the Power Line zone [1] - The company has expanded its holdings by staking 42 new Bureau of Land Management lode mining claims in the Freeze North zone [2] - Recent induced polarisation geophysical surveys have identified promising drill targets in the Freeze and Freeze East zones, located near high-grade underground mine workings [3][4] Mineralization and Sampling Results - Rock chip samples from the Power Line zone showed significant results, including 18.3 grams per tonne (g/t) of gold and 43.6 g/t of silver from sample LCGF42, and 14% copper with 145 g/t of silver from sample LCGF66 [2] - Previous sampling in the Freeze zone returned gold grades of 61 g/t, 11.2 g/t, and 6.73 g/t, indicating the potential for further exploration [4] Project Development and Strategy - The CEO of Guardian Metal expressed optimism about the expanding epithermal system at the Garfield Project, noting a larger alteration footprint than previously recognized [5] - The company aims to develop its Tempiute and Pilot Mountain projects to support domestic tungsten supply and reduce reliance on foreign supply chains, enhancing economic and defense security [6] - Alongside tungsten initiatives, Guardian Metal is conducting cost-effective early-stage exploration across its gold assets [6]
Carolina Rush Announces C$3 Million Non-Brokered Private Placement
Newsfile· 2025-11-03 11:30
Core Viewpoint - Carolina Rush Corporation plans to complete a non-brokered private placement offering of up to 27,272,727 units at a price of C$0.11 per unit, aiming for gross proceeds of up to C$3 million, contingent upon shareholder approval related to a proposed transaction with OceanaGold Corporation [1][2]. Group 1: Offering Details - The offering consists of units, each comprising 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$0.16 for two years [2]. - The anticipated closing date for the offering is around December 4, 2025, pending shareholder approval at a special meeting scheduled for November 26, 2025 [2][3]. - Proceeds from the offering will be allocated for working capital and general corporate purposes [3]. Group 2: Company Background - Carolina Rush Corporation is focused on exploration in the Southeastern U.S., particularly advancing the Brewer Gold-Copper Project in South Carolina, which is near OceanaGold's Haile Gold Mine [5]. - The Brewer project is noted for its potential to host both near-surface epithermal and deeper porphyry-style mineralization [5]. Group 3: Regulatory and Compliance - The offering is subject to necessary corporate and regulatory approvals, including those from the TSX Venture Exchange [3]. - All securities issued will be subject to a hold period of four months plus a day from the issuance date, adhering to applicable securities legislation [3].
NexMetals Announces Upsizing of Public Offering to $80 Million
Newsfile· 2025-10-30 13:25
Core Viewpoint - NexMetals Mining Corp. has increased the size of its public offering from C$65 million to C$80 million due to strong demand from institutional investors, marking the second upsizing of the offering [1][3]. Offering Details - The offering will consist of up to 14,035,100 Units, with no over-allotment option available [3]. - Agents will receive a cash fee of 6% of the gross proceeds, with a reduced fee of 2% for sales to certain individuals on a "president's list" for gross proceeds up to C$7 million [3]. - Each Unit will include one common share and one common share purchase warrant, allowing the holder to acquire one common share at a price of C$8.00 for 24 months following issuance [3]. Use of Proceeds - The net proceeds from the offering are intended for the prepayment of the first contingent milestone payment under the Asset Purchase Agreement for the Selebi and Selkirk mines, exploration and development activities in Botswana, and general corporate purposes [4]. Closing Timeline - The offering is expected to close on or about November 13, 2025, pending necessary approvals [5]. Company Overview - NexMetals Mining Corp. focuses on the redevelopment of previously producing copper, nickel, and cobalt resources in Botswana [7]. - The company's team has extensive experience in mine discovery and development, with senior members averaging over 20 years in the industry [9].
More strong drilling results outside current resource point to further growth
Globenewswire· 2025-10-29 23:35
Core Viewpoint - Cygnus Metals Limited has reported significant exploration results from its Chibougamau Copper-Gold Project, indicating a strong potential for resource growth and development, particularly at the Cedar Bay and Corner Bay deposits [3][5][10]. Group 1: Exploration Results - The first drill hole at Cedar Bay returned a wide interval of 10.6m at 4.1g/t AuEq, including high-grade gold up to 29.1g/t AuEq [1][7]. - The Cedar Bay mine, historically a high-grade gold-rich site, remains open for further exploration, with current drilling targeting down plunge continuity [4][6]. - Additional results from Corner Bay include 3.1m at 4.9% CuEq, highlighting the potential for resource expansion in this flagship deposit [9]. Group 2: Resource Growth - Cygnus has increased its global resource by 29%, with the current Mineral Resource Estimate totaling 6.4Mt at 3.0% CuEq for 193kt CuEq (Measured & Indicated) and 8.5Mt at 3.5% CuEq for 295kt CuEq (Inferred) [3][6][30]. - The Cedar Bay resource contains 67koz at 8.1g/t AuEq (Indicated) and 205koz at 7.8g/t AuEq (Inferred), indicating significant growth potential [8][30]. Group 3: Infrastructure and Development - The Chibougamau area has established infrastructure, including a 900 ktpa processing facility, sealed highway, airport, and regional rail, providing a significant advantage for development [11]. - The processing facility is the only base metal processing site within a 250km radius, enhancing its strategic importance for future operations [11]. Group 4: Future Plans - The company is focused on continuing its exploration strategy to drive resource growth and conversion, aiming to advance the project towards development [10][15]. - Cygnus is utilizing innovative AI solutions to identify additional drill targets based on historical data, which is expected to unlock further potential in the region [6][10].
Osisko Intersects 592 Metres Averaging 0.33% Cu at Gaspé
Globenewswire· 2025-10-29 10:00
Core Viewpoint - Osisko Metals has announced new drill results from the Gaspé Copper Project, confirming and expanding the resource model with significant copper and molybdenum mineralization, particularly in the southern extension of the deposit [1][2][29]. Summary by Category Drill Results - The latest drilling results include 33 mineralized intercepts from nine new drill holes, with infill intercepts aimed at upgrading inferred resources and expansion intercepts potentially leading to additional resources [5][8]. - Notable drill holes include: - **30-1107**: 592.0 metres averaging 0.33% Cu (0.46 CuEq) [9] - **30-1112**: 868.5 metres averaging 0.23% Cu (0.30 CuEq) [9] - **30-1114**: 142.1 metres averaging 0.39% Cu (0.47 CuEq) [9] - **30-1116**: 565.5 metres averaging 0.22% Cu (0.29 CuEq) [9] - **30-1119**: 46.4 metres averaging 1.10% Cu (1.25 CuEq) [9] Market Context - The copper spot price is nearing US$5/lb, silver at US$47/oz, and molybdenum over US$30/lb, indicating a favorable market environment for the project [2]. Resource Expansion - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions towards Needle East and Needle Mountain [21][29]. - The Gaspé Copper project hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [29][30]. Geological Insights - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with significant stockwork mineralization and high molybdenum grades observed in certain zones [18][19].
Bunker Hill Announces Agreement to Acquire the Historic Ranger-Page Silver- Lead-Zinc Mines to Expand Exploration Potential in the Silver Valley of Idaho
Globenewswire· 2025-10-27 10:15
Core Points - Bunker Hill Mining Corp. has entered into an asset purchase agreement to acquire the Ranger-Page property, which includes six past-producing underground high-grade silver-lead-zinc mines located adjacent to the Bunker Hill Mine in Idaho [1][2] - The acquisition is expected to consolidate a historically productive area, increasing the mineral claim package by approximately 1,205 acres (4.8 km²) and providing an extensive historical geological database [2][4] - The acquisition aligns with Bunker Hill's ongoing plans to restart operations at the Bunker Hill Mine, targeted for H1 2026, enhancing future resource expansion and mill feed sources [5][12] Strategic Highlights - The Ranger-Page Mines will create a contiguous land package exceeding 6,200 acres (25 km), making it one of the largest holdings in the Silver Valley [5] - Historical drilling indicates high-grade silver-lead-zinc mineralization remains open at depth, with significant exploration potential [5][9] - Existing infrastructure at the Ranger-Page Mines will provide flexibility for future mine planning and exploration access [5][10] Transaction Summary - Bunker Hill will acquire 100% of Silver Dollar's interest in the Ranger-Page Mines for a total consideration of US$2.4 million, consisting of 23,333,334 Bunker Hill Common Shares [11][12] - The completion of the acquisition is subject to approval from the TSX Venture Exchange [12] - Payment shares will be released to the vendor in stages over a 12-month period [12] Community Benefits - The acquisition has the potential to create more local employment opportunities and stimulate procurement from regional suppliers, benefiting local communities [5]
Jim Cramer on Trilogy Metals: “You Gotta Sell That”
Yahoo Finance· 2025-10-24 12:12
Group 1 - Trilogy Metals Inc. (NYSE:TMQ) is focused on exploring and developing mineral properties, particularly in copper, cobalt, zinc, gold, silver, and lead [1] - On October 10, BMO Capital downgraded TMQ's stock from Outperform to Market Perform, raising its price target from $3 to $5.50 due to valuation concerns after a recent re-rating following U.S. federal government investment [1] - Cormark also downgraded TMQ from Buy to Market Perform on October 8, setting a price target of C$5.25 [1] Group 2 - Jim Cramer advised selling TMQ stock, indicating it has experienced a parabolic move that is now declining [1] - The stock is currently trading above typical multiples for development-stage projects, raising concerns about its valuation [1]
New Age Metals Prepares its Platinum Group Metals Division to Launch
Thenewswire· 2025-10-23 12:50
Core Insights - New Age Metals Inc. (NAM) is focusing on its Platinum Group Metals (PGM) division, particularly the River Valley Palladium Project in Ontario and the Genesis PGM-Cu-Ni Project in Alaska, as part of its strategy to develop critical and precious metal projects in North America [1][3][23] PGM Division Overview - The PGM division is a core part of NAM's strategy, with significant updates on its flagship projects and a positive market outlook for PGMs [1][17] - The River Valley Palladium Project is one of Canada's largest undeveloped primary PGM deposits, with a compliant Mineral Resource of approximately 2.3 million ounces in the Measured and Indicated classifications and 1.6 million ounces in the Inferred classification [3][4] River Valley Palladium Project - The River Valley Project is 100% owned by NAM and is currently in the development stage, having completed a Preliminary Economic Assessment (PEA) in 2023 [4][6] - The 2023 PEA outlines a smaller, higher-grade operation with lower capital expenditures and a smaller environmental footprint compared to the 2019 PEA [6] - Comprehensive environmental baseline studies are ongoing, involving local Indigenous communities, to support future permitting [6][10] - NAM is planning additional drilling programs to convert Inferred to Indicated Mineral Resources and expand the Mineral Resource base [8][9] Genesis PGM-Cu-Ni Project - The Genesis Project is an earlier-stage exploration project located in Alaska, with 100% ownership by NAM [11][12] - Surface exploration has identified significant PGM mineralization, with grades up to 2.4 g/t for palladium and platinum, and nickel-copper sulfide mineralization with samples up to 0.96% Ni and 0.58% Cu [12][13] - NAM is actively seeking a joint venture partner to advance the Genesis Project, allowing the company to focus on the River Valley Project while benefiting from exploration successes at Genesis [13][31] Market Outlook for PGMs - The market outlook for PGMs is positive, driven by constrained supply and evolving demand, particularly in the automotive sector and emerging technologies like hydrogen fuel cells [17][20] - Global PGM supply is concentrated, with South Africa and Russia being major suppliers, leading to supply risks and historical market deficits [17][20] - Tighter emissions regulations are maintaining high demand for PGMs in exhaust after-treatment systems, with expectations for continued growth in the hydrogen economy [20] Government Support and Investment - There is unprecedented government support for critical metals exploration and development, with significant investments announced by both Canadian and U.S. governments [21]
Inventus Announces Engagement of Industry Veteran Ed Baer for Investor Relations
Globenewswire· 2025-10-23 11:00
Core Insights - Inventus Mining Corp. has entered into an Investor Relations Agreement with Eduardo "Ed" Baer, a mining executive with over 30 years of experience in corporate development and investor communications [1][2] - Mr. Baer will receive 600,000 stock options and will focus on enhancing Inventus' visibility in capital markets and strengthening engagement with shareholders [2] - The company has also granted 2,000,000 incentive stock options to executives, directors, employees, and consultants, exercisable at $0.29 per share for five years [3] Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, holding a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [4] - The Pardo Gold Project is noted as the first significant paleoplacer gold discovery in North America, with approximately 205 million common shares outstanding [4]