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Mirasol Resources Closes Private Placement Financing
Globenewswire· 2025-12-16 23:32
Core Viewpoint - Mirasol Resources Ltd. has successfully closed a non-brokered private placement financing, raising a total of $3,010,250.25 through the issuance of 6,689,445 units at a price of $0.45 per unit [1]. Group 1: Financing Details - The offering consisted of units, each comprising one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.60 for twelve months [1]. - Proceeds from the offering will be allocated to advance exploration programs and for general corporate purposes [2]. - A finder's fee of $13,932.00 was paid on a portion of the offering [2]. Group 2: Related Party Transactions - Two directors and one officer of the company received a total of 3,350,556 units under the offering, qualifying as a "related party transaction" [3]. - The issuance to related parties was exempt from certain requirements under Multilateral Instrument 61-101 due to the company's shares not being listed on a specified market and the fair market value of the securities issued not exceeding 25% of the company's market capitalization [3]. Group 3: Company Overview - Mirasol Resources Ltd. is an exploration company with over 20 years of experience in operating, permitting, and community relations in mineral-rich regions of Chile and Argentina [6]. - The company is currently self-funding exploration at its flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-Silver District of northeast Chile while advancing a pipeline of early and mid-stage projects [6].
Palamina Completes Oversubscribed $2.7M Private Placement
TMX Newsfile· 2025-12-16 21:30
Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ("Palamina" or the "Company") has closed the second tranche of its non-brokered private placement offering (the "Offering") announced on October 9, 2025. On the second tranche Palamina raised a further $1,095,625 and issued an additional 8,765,000 units (the "Units") at a price of $0.125 per Unit. Each Unit consists of one common share ("Common Share") and one warrant (each a "Warrant"). Each whole Warrant is ...
Muzhu Mining Mobilizes for Collection of Metallurgical Samples on the Everett Property, Quebec
Thenewswire· 2025-12-16 17:55
Core Insights - Muzhu Mining Ltd. has signed a definitive option agreement to acquire the Everett property from Romaine River Titanium Inc., with Romaine mobilizing a sampling crew to the site for metallurgical testing [1][5] Collaboration and Program Details - Romaine has a collaboration agreement with Centre technologique des résidus industriels (CTRI), Impact Global Solutions (IGS), and Corem to support metallurgical testing at the Everett titanium-vanadium project [2] - The program includes a budget of $462,000, with up to $323,000 provided as non-dilutive funding from the Elements08 Strategic Metals Excellence Centre [5] Sampling and Testing - Romaine's crews are collecting a representative 1200 kg metallurgical sample from the Everett oxide body, which will be used to test advanced grinding, magnetic, and gravity separation techniques [7] - The program employs advanced characterization techniques, including automated mineralogy analysis, to examine mineral morphology and quantify concentrations of titanium, vanadium, iron, and other critical minerals [3][4] Objectives and Outcomes - The program aims to investigate the extraction of titanium and vanadium from the Everett hemo-ilmenite oxide body and verify historical metallurgy [5] - The efficacy of various separation methods is being evaluated to produce high-quality ilmenite concentrates, with subsequent testing for innovations in vanadium leachability [4]
Results from Soil Sampling Program at the South Hedley Project in B.C. Enhances Copper - Gold Potential
Thenewswire· 2025-12-16 15:05
Core Insights - Adamera Minerals Corp. has reported significant analytical results from soil samples at the Max Prospect within the South Hedley copper-gold property, indicating high gold values and a new copper anomaly [1][6][9]. Exploration Results - The soil sampling program identified numerous high gold values, extending the gold anomaly further east and south, with the highest gold value recorded at 1.61 g/t at an elevation of approximately 1,410 m [6][9]. - A new copper anomaly has been identified with values ranging from 100 ppm to 1,450 ppm, outlining a coherent copper anomaly that partially overlaps with gold values [10][6]. - The results suggest a probable structural window as the source of copper and gold, indicating potential mineralization beneath the volcanic tuff unit that masks underlying anomalies [3][6]. Geological Context - The geological model indicates that the tuffaceous volcanic unit covers altered rocks containing copper-gold mineralization, with soil samples above this unit showing low metal values [5][3]. - Observations of pervasive brecciation, alteration, and quartz veining in nearby outcrops support the presence of a mineralizing system at and below the defined elevation [11][12]. Future Exploration Plans - The company plans to conduct a full review of copper results surrounding the Max Prospect and is preparing applications for drill permits for immediate submission [15]. - The integration of soil geochemistry and elevation control provides a clear path for ongoing exploration, potentially leading to the discovery of concealed skarn or porphyry targets [13][12]. Company Overview - Adamera Minerals Corp. is focused on exploring high-grade gold and base metal deposits in Canada and the USA, with projects in Washington and British Columbia [16]. - The South Hedley property is strategically located within an established mineral belt, near significant historical mining sites [16].
Wolverine Announces Receipt of Partial Revocation Order and $250,000 Financing
TMX Newsfile· 2025-12-16 14:00
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - Wolverine Resources Corp. (OTC Pink: WOLV) ("Wolverine") announced today that on December 11, 2025 the BCSC issued a Partial Revocation Order which will allow Wolverine to conduct a private placement of up to 12,500,000 common shares at a price of $0.02 per share (US$0.015) for proceeds of up to $250,000. The use of proceeds of the private placement will be for the costs and fees that are related to the fulfillment by Wolverine of all of i ...
Abitibi Closes Bought Deal Public Offering of Common Shares and Flow-Through Shares
Thenewswire· 2025-12-16 13:35
Core Viewpoint - Abitibi Metals Corp. has successfully closed a bought deal public offering, raising a total of $16,104,600 through the issuance of common shares and flow-through shares [1][2]. Group 1: Offering Details - The offering included 33,327,000 common shares, with gross proceeds of $16,104,600, which included the full exercise of the over-allotment option [2]. - The offering consisted of 13,144,500 common shares sold at $0.35 each, generating $4,600,575, and 20,182,500 flow-through shares sold at $0.57 each, generating $11,504,025 [2]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be allocated to exploration expenses for the advancement of the B26 Polymetallic Deposit [3]. - Net proceeds from the common shares will be utilized for general corporate purposes [3]. Group 3: Tax Implications - Flow-through shares qualify under Canadian tax laws, allowing subscribers to incur eligible exploration expenses that can be renounced [4]. Group 4: Underwriting and Regulatory Compliance - The offering was completed under an underwriting agreement, with a cash commission of 6.0% paid to the underwriters based on total gross proceeds [5]. - The securities were offered in all provinces of Canada and to U.S. purchasers under specific exemptions from registration requirements [6].
ATERRA Metals Announces $3 Million Private Placement
TMX Newsfile· 2025-12-16 13:30
Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) (formerly Cascada Silver Corp.) ("ATERRA" or the "Company") is pleased to announce that it intends to undertake a non-brokered private placement financing from the sale of up to 154,520,550 units ("Units") at a price of $0.02 per Unit, to raise aggregate gross proceeds of up to $3,090,411 (the "Offering"). The Company has appointed Research Capital Corporation as the exclusive finder for the Offering.The O ...
Maxus Mining Engages Convolutions Geoscience to Advance Geophysical Targets Across Critical Minerals Properties
Globenewswire· 2025-12-16 13:00
Core Insights - Maxus Mining Inc. has engaged Convolutions Geoscience Corp. for strategic geophysical targeting across its 15,098-hectare portfolio of critical minerals properties in British Columbia [1][3] - The engagement aims to refine and generate high-priority exploration targets, enhancing the company's exploration programs [2][3] Company Overview - Maxus Mining Inc. is focused on locating, acquiring, and advancing economic mineral properties in premier jurisdictions, with a diversified portfolio totaling approximately 15,098 hectares in British Columbia [4] - The portfolio includes significant projects such as the Alturas Antimony Project, which has reported high-grade antimony up to 69.98% Sb, and the Penny Copper Project, which has over 100 years of recorded exploration [5][6] Strategic Engagement - Kyle Patterson, founder of Convolutions, will lead the detailed interpretation of the Mobile Magnetotelluric survey at the Penny Copper Project, integrating various datasets to improve target refinement [2][3] - This collaboration is expected to enhance Maxus's ability to interpret complex geological data and guide future exploration efforts in a disciplined, data-driven manner [3]
Brixton Metals Reports the Balance of its 2025 Drill Results at the Trapper Gold Target
Globenewswire· 2025-12-16 12:30
VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce updated and complete assay results from the Trapper Gold Target at its wholly owned Thorn Project in northwestern British Columbia. This release includes multi-element results for all remaining holes from the 2025 campaign, as well as updated intervals for previously reported drill holes where only gold was disclosed. A total of 6272m was dr ...
Doubleview Gold Corp Extends Mineralization East of 2024 Conceptual Pit and Identifies Deeper Porphyry Indicators at Hat Project by Drilling 992m of 0.29% CuEq in Hole H101
TMX Newsfile· 2025-12-16 12:15
Core Insights - Doubleview Gold Corp. has reported positive assay results from drill holes H100 and H101 at its 100%-owned Hat Polymetallic Deposit, indicating significant mineralization extensions beyond the 2024 conceptual pit shell [1][2]. Drill Results - Drill hole H100 confirmed that mineralization extends eastward beyond the 2024 conceptual pit boundary, with 497.0 meters of mineralization averaging 0.27% CuEq, indicating continuity into previously under-tested areas [4][8]. - Drill hole H101 showed a continuous mineralization of 992.4 meters, with a higher gold-to-copper ratio compared to the broader average of the Hat deposit, suggesting variations in metal distribution [6][8]. Mineralization Characteristics - Elevated cobalt values in H100 at depth may indicate proximity to deeper parts of the porphyry system, which is consistent with observed metal associations at the Hat deposit [4][16]. - The results from both drill holes contribute to an expanded mineralization envelope at the Hat Deposit, supporting the interpretation of a large, vertically extended porphyry system [15][18]. Future Exploration - The deepest portions of the Hat porphyry system remain untested, and the company considers these areas a priority for future exploration programs [16][18]. - The identification of cobalt-enriched intervals and the gold-rich character of H101 provide geological vectors that may assist in defining future drill targets [16]. Company Overview - Doubleview Gold Corp. is focused on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [29]. - The Hat Deposit is recognized as a significant source of critical minerals, including copper, gold, cobalt, and potential scandium [31].