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Benton Continues to Hit Wide Gold Zones at South Pond and Identifies New VMS System North of Great Burnt; Launches New Website
TMX Newsfile· 2025-12-17 13:25
Thunder Bay, Ontario--(Newsfile Corp. - December 17, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received the newest set of excellent gold results from its current drill campaign at South Pond Gold-Copper Deposit, including, 2.02g/t Au over 17.13 m (from 29.87 to 47.00 m), including 3.98g/t Au over 5.00 m (from 36.00 to 41.00 m), also including 9.12g/t Au over 1.00 m (from 36.00 to 37.00 m) in SP-25-54 (See Figures 1-3, Table 1).Additionally, Ben ...
SAGA Metals Defines Key Structural Geology at Trapper South & Provides Corporate Update
Globenewswire· 2025-12-17 13:00
Core Insights - SAGA Metals Corp. has successfully completed the logging of all eight drill holes in the Trapper zone and has sent three additional holes for analysis, indicating progress in critical mineral exploration [1][3][11] Drilling and Sampling Highlights - A total of 2,050 meters of drilling has been conducted across the Trapper North and South zones, confirming extensive oxide mineralization and validating a 3 km ground magnetic anomaly [3][15] - Five out of eight drill holes have been sent for assaying, totaling 473 samples, with a projected total of 1,313 samples expected to be shipped for analysis [3][11] - The assay turnaround time is estimated at 3 to 4 weeks once samples arrive at the lab [3] Geological Findings - Significant structural data has been identified in Trapper South, particularly in hole R-0014, which revealed impressive rhythmic magnetite layering and provided insights into the regional structural geometry [2][4][7] - The Western Anomaly in Trapper South has been defined with a strike length of 1.4 km and a width of approximately 150 m, while the Eastern Anomaly measures 700 m with a similar width [10] Future Plans and Objectives - The completion of the initial phases of the mineral resource estimate drill program will inform future drilling plans for early Q1 2026 [11][16] - The next drilling campaign will target the integration of structural interpretations and geological correlations to support a mineral resource estimate at the indicated level of confidence [17] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals, with the Radar Project encompassing 24,175 hectares and hosting the Dykes River intrusive complex [23][27] - The company aims to position itself as a strategic supplier of titanium, vanadium, and iron to North American markets, leveraging its unique geological assets [19][23]
Nine Mile Metals Announces Certified High-Grade Assay Results up to 15.21% (CuEq) Copper from the Wedge Project, Bathurst, New Brunswick
TMX Newsfile· 2025-12-17 13:00
Core Viewpoint - Nine Mile Metals Ltd. has announced positive Certified Assay results for volcanogenic massive sulphide (VMS) mineralization from the Wedge VMS Project, indicating significant potential for copper and other metals in the area [1][12]. Summary by Relevant Sections Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS exploration in the Bathurst Mining Camp, New Brunswick, with a primary objective to explore four VMS Projects [12]. Assay Results - The assay results from ALS Global show high-grade copper mineralization, with notable samples including: - Sample 280366: 15.21% CuEq - Sample 280370: 9.82% CuEq - Other samples also show varying grades of copper, zinc, gold, and silver [2][14][11]. Historical Context - The Wedge mine, operational from 1962 to 1968, produced 1.5 million tonnes of predominantly copper ore, with expectations that over 60% of the deposit remains unmined [1]. Exploration Insights - The surface samples collected reflect the copper-rich nature of the Wedge, with early drill core observations being encouraging [9][10]. - The company is actively engaged in drilling and sampling, with a focus on expediting assay results [9][10]. Technical Analysis - The primary analytical method for the samples involves multi-element ICP analysis, with additional ore grade analysis triggered for overlimit results [2]. - Copper Equivalent (Cu-Eq) calculations are based on current metal prices and assume an 80% recovery rate for all metals [11].
Germanium Mining Corp. Joins Nevada Mining Association
Thenewswire· 2025-12-17 12:00
Core Points - Germanium Mining Corp. has been accepted as a new member of the Nevada Mining Association, enhancing its commitment to responsible mining practices [1][3] - The membership provides access to industry networks, regulatory discussions, technical workshops, and best practices relevant to mining operations in Nevada [3] - The company has entered into loan agreements totaling CAD $100,000, with a loan fee of 15% and an interest rate of 10% per annum [4] Company Overview - Germanium Mining Corp. is a publicly traded mineral exploration company focused on discovery-stage mineral properties in top-tier mining jurisdictions across North America [4]
Edison Lithium Announces Private Placement Financing
TMX Newsfile· 2025-12-17 11:30
Core Viewpoint - Edison Lithium Corp. is conducting a non-brokered private placement to raise up to $600,000 through the sale of 12,000,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of up to 12,000,000 units priced at $0.05 each, aiming for gross proceeds of up to $600,000 [1]. - Each unit includes one common share and one warrant, allowing the holder to purchase an additional share at $0.08 for two years [1]. - The net proceeds will be used for exploration activities and general working capital [2]. Group 2: Related Party Transactions - Certain directors and officers may participate in the offering, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as the value of securities distributed to insiders will not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Edison Lithium Corp. is a Canadian junior mining exploration company focused on cobalt, lithium, alkali, and other energy metals [5]. - The company's acquisition strategy emphasizes cost-effective mineral properties in areas with proven geological potential [5]. - Edison aims to build a portfolio of quality assets to supply critical materials to the battery industry, capitalizing on the growing interest in battery metals [5].
Volta Metals Announces Upsizing of Previously Announced Offering
TMX Newsfile· 2025-12-17 11:00
Core Viewpoint - Volta Metals Ltd. has increased its non-brokered private placement offering to raise up to $2,100,000 due to excess demand, with terms remaining consistent with previous announcements [1][2]. Offering Details - The offering will consist of up to 9,130,435 common shares priced at $0.23 each, qualifying as "flow-through shares" under Canadian tax law [2]. - The company reserves the right to increase the offering size by up to 25%, potentially raising gross proceeds to $2,625,000 through the issuance of an additional 2,282,608 Flow-Through Shares [2]. Use of Proceeds - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the company's Springer and Aki projects in Ontario, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [3]. Insider Participation - Certain directors and officers of the company may participate in the offering, which will be classified as a related party transaction. The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements [4]. Closing Conditions - The offering is expected to close around December 22, 2025, subject to necessary approvals, including acceptance by the Canadian Securities Exchange (CSE) [5]. Finder's Fees - The company may pay finders fees of up to 6% in cash and issue finder warrants of up to 6% of the Flow-Through Shares placed by eligible finders, with each warrant exercisable for one common share at $0.23 for 24 months [5]. Securities Regulations - The securities issued will be subject to a statutory hold period of four months and a day from the date of issuance in accordance with Canadian securities laws [6]. Company Overview - Volta Metals Ltd. is a mineral exploration company based in Toronto, focusing on rare earth elements and other critical minerals, with projects located in one of the world's most prolific mining districts [9].
Powermax Minerals Successfully Completes 2025 Field Program at Atikokan REE Property, Northwestern Ontario
TMX Newsfile· 2025-12-17 11:00
Core Insights - Powermax Minerals Inc. has successfully completed its 2025 field exploration program at the Atikokan Rare Earth Elements (REE) Property in northwestern Ontario, which included geological mapping, prospecting, radiometric surveys, and systematic geochemical sampling [1][2]. Exploration Program Overview - The exploration program involved the collection of 426 samples, including quality assurance and quality control (QA/QC) samples [2]. - The sampling included 251 soil samples, 10 sediment samples, and 165 rock samples [10]. Geological Mapping Results - Geological mapping identified three principal lithological domains: Block A (granodiorite to granite), Block B (gneissic tonalite), and Block C (dominantly gneissic tonalite) [3][4]. - Granitic and pegmatitic rocks are considered favorable for REE mineralization due to their association with late-stage magmatic systems [3]. Radiometric Survey Findings - Radiometric surveys indicated background levels in gneissic tonalite ranged from approximately 60 to 80 counts per second (cps), while granitic and pegmatitic units showed higher responses from 100 to 2,700 cps [11]. - Elevated cps values, particularly above 200-300 cps, are considered anomalous and warrant further geological and geochemical follow-up [11]. Airborne Geophysical Survey - A high-resolution helicopter-borne magnetic and radiometric survey has been completed, with the final interpretation report pending [6]. - The integration of this data with geological mapping and sampling results will help refine exploration targeting [6]. Exploration Implications - The combination of favorable host rocks, elevated radiometric responses, and structural complexity suggests that the Atikokan Property has geological characteristics associated with REE-prospective systems [7]. Management Commentary - The CEO of Powermax Minerals highlighted the completion of the field program as a significant milestone, generating a robust technical dataset for evaluating the property's REE potential [14].
Graphano Provides Update on Airborne MAG-TDEM Geophysics Program at Black Pearl, Quebec
TMX Newsfile· 2025-12-17 08:01
Core Insights - Graphano Energy Ltd. has engaged Prospectair Geosurveys to conduct a helicopter-borne airborne magnetic and time-domain electromagnetic geophysical survey over its Black Pearl Project in Québec, expected to commence this week [1][2] - The survey will cover approximately 637 line-kilometres in the Laurentides region, utilizing specific line orientations and spacings to gather high-resolution data [2][3] - The company is also advancing bulk sample extraction activities at its Lac Aux Bouleaux and Standard project areas, with geological reports and waste rock location planning underway [4][6] Survey Details - The airborne survey will utilize N130-oriented traverse lines with 100m line spacing and control lines at 1,000m spacing [2] - Graphano plans to integrate the airborne datasets with existing geological and exploration information to support follow-up investigations and prioritize target areas [3] Project Development - Graphano is focused on evaluating, acquiring, and developing energy metals resources, particularly graphite, which is in high demand for technologies such as lithium batteries [5][6] - The Lac Aux Bouleaux property is strategically located adjacent to Canada's only producing graphite mine, highlighting its potential in the growing market for green technologies [6]
District Strengthens Its Swedish Footprint by Nearly Doubling the Size of the Alum Shale Properties
TMX Newsfile· 2025-12-17 07:00
Core Viewpoint - District Metals Corp. has applied for 11 mineral licenses covering 72,078 hectares in Sweden, targeting Alum Shale deposits, which are crucial for the green energy transition [1][3]. Company Developments - The new mineral license applications will nearly double the size of District's existing Alum Shale Properties from 79,250 hectares to 151,328 hectares [9]. - The applications are strategically located adjacent to promising airborne MobileMT geophysical anomalies and were selected based on a comprehensive technical study [6][9]. - The Swedish Government has approved the lifting of the ban on uranium exploration and mining, with legislation expected to be enacted on January 1, 2026 [5]. Industry Context - Alum Shale deposits in Sweden are known to contain significant energy metals and critical raw materials necessary for the green energy transition, with large and shallow deposits that reduce exploration costs [3]. - The Viken Energy Metals Deposit, owned by District, is noted for hosting the world's largest undeveloped uranium mineral resource, along with substantial resources of vanadium, molybdenum, nickel, copper, and zinc [4][13]. Strategic Focus - The company emphasizes responsible exploration, avoiding environmentally sensitive areas, and aims to enhance exploration optionality and continuity of land position [7]. - The expansion of the Alum Shale Properties is seen as a significant step in building a robust pipeline of energy metals properties in Sweden [5].
Hi-View Announces Closing of the Final Tranche of the Non-Brokered Private Placement
Thenewswire· 2025-12-17 03:00
Core Points - Hi-View Resources Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of $775,000 by issuing 3,875,000 units at a price of $0.20 per unit, with an oversubscription of $100,600 [1][2] - Each unit consists of one common share and one transferable common share purchase warrant, with two warrants allowing the purchase of one additional share at $0.30 for 24 months [1][2] - The proceeds will be used for general corporate purposes, including settling arm's-length payables, and finders' fees of $44,240 were paid along with 221,200 Broker Warrants [2] Company Overview - Hi-View Resources Inc. is a publicly listed mineral exploration company on the Canadian Securities Exchange, focusing on gold, silver, and copper assets in the Toodoggone region of Northern British Columbia [4] - The company holds over 27,791 hectares of projects, including the flagship Golden Stranger project, the Lawyers claims, and the Borealis project, all identified as high-priority targets [4] - Additional properties under option include Saunders, Northern Claims, Nub, and Harmon Peak, with an extra 1,300 hectares currently under mineral claim application [4]