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New Earth Resources Announces Exploration Plans on its Past-Producing Lucky Boy Uranium Project
Globenewswire· 2025-12-16 08:01
Core Viewpoint - New Earth Resources Corp. is initiating exploration activities at its Lucky Boy Uranium Project in Arizona to enhance understanding of uranium mineralization [1][3] Exploration Activities - The exploration program will include geological mapping, geochemical surveys, and scintillometer surveys to assess potential uranium resources and define geological features [2][8] - The exploration is set to commence in January 2026, with updates expected in the coming months [3] Financial Activities - The company is increasing its flow-through private placement from 2,222,222 to 2,444,444 units at a price of $0.45 per unit, aiming for gross proceeds of up to $1,100,000 [4] - Each flow-through unit will consist of one share and one warrant, allowing the purchase of one share at $0.60 for 36 months [4] Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing uranium projects, with its flagship project being the Lucky Boy Uranium Property [5] - The Lucky Boy Project consists of 14 lode claims covering approximately 273 acres and has a history of uranium production in the 1950s and 1970s [5] Additional Projects - The company has options to acquire interests in additional claims, including the SL Project in Quebec, which is prospective for rare earth elements, and the Red Wine Rare Earth Project in Labrador [6]
Blue Star Gold Announces Closing of Non-Brokered Private Placement
TMX Newsfile· 2025-12-16 01:00
Core Viewpoint - Blue Star Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $600,000 through the issuance of 3,000,000 flow-through common shares at a price of $0.20 per share, pending final approval from the TSX Venture Exchange [1] Group 1: Private Placement Details - The private placement raised gross proceeds of $600,000 through the issuance of 3,000,000 flow-through common shares at $0.20 each [1] - The flow-through shares qualify under the Income Tax Act (Canada), and the company will renounce expenditures to investors for the taxation year ending December 31, 2025 [2] - A finder's fee of $36,000 was paid to a qualified arm's length party in accordance with Exchange policies [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be used to incur Canadian exploration expenses on projects in Nunavut before December 31, 2026 [3] - Additionally, the net proceeds will be allocated for general working capital purposes [3] Group 3: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings exceeding 300 square kilometers in the High Lake Greenstone Belt [4] - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous high-potential exploration targets [4] - The future deep-water port at Grays Bay is located 40 - 100 km north of the properties, with a proposed route corridor for the all-weather Grays Bay Road passing near the Roma and Ulu Gold Projects [4]
Algo Grande Copper Secures Over $3.8 Million in Oversubscribed Subscription Receipt Financing
TMX Newsfile· 2025-12-16 00:11
Core Viewpoint - Kenadyr Metals Corp., soon to be renamed Algo Grande Copper Corp., has successfully closed the third tranche of a non-brokered private placement, raising a total of $3,824,400 for the acquisition of the Adelita Project and related expenses [1][4]. Group 1: Private Placement Details - The third tranche involved 2,314,701 subscription receipts priced at $0.375 each, generating gross proceeds of $868,012.88 [1]. - The total amount raised from the private placement, including previous tranches, is $3,824,400 [1]. - Each subscription receipt will convert into one common share upon meeting certain escrow release conditions, including the completion of the Proposed Transaction and TSXV approval [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to exploration expenses, property payments for the Adelita Project, salaries, consulting fees, marketing, investor relations, and general administrative expenses [4]. - The company has received conditional approval from the TSXV for the Proposed Transaction, expected to close around December 16, 2025 [4]. Group 3: Finder's Fees and Warrants - In connection with the third tranche, Kenadyr paid cash finder's fees of $10,500 and issued 84,000 finder's warrants, each exercisable at $0.375 for two months [3]. - Additionally, 56,000 common shares will be issued to an arms-length finder as part of the finder's fee settlement [3]. Group 4: Technical Report - Kenadyr has filed an independent technical report for the Adelita Project, dated August 15, 2025, prepared by a qualified person [7][8]. - The report is available on SEDAR+ and provides insights into the project's potential [8]. Group 5: Company Overview - Kenadyr Metals Corp. is focused on advancing the Adelita Project, which is located in the Arizona-Sonora copper belt and encompasses 5,985 hectares [9][10]. - The project features a high-grade skarn discovery and potential for a porphyry system, indicating significant mineralization opportunities [10].
Volta Metals Announces Private Placement Financing for Proceeds of up to $1,500,000
TMX Newsfile· 2025-12-15 22:43
Core Viewpoint - Volta Metals Ltd. is conducting a non-brokered private placement to raise up to $1,500,000 through the issuance of Flow-Through Shares at a price of $0.23 per share, with the potential to increase the offering size by 25% to a total of $1,875,000 [1][2]. Group 1: Offering Details - The offering will consist of up to 6,521,739 common shares, qualifying as "flow-through shares" under Canadian tax law [1]. - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Company's Springer and Aki projects, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [2]. - The expected closing date for the offering is around December 22, 2025, subject to necessary approvals [4]. Group 2: Insider Participation - Certain directors and officers of the Company may participate in the offering, which will be classified as a related party transaction under Multilateral Instrument 61-101 [3]. - The Company plans to rely on exemptions from minority shareholder approval and formal valuation requirements, as the value of shares acquired by insiders is not expected to exceed 25% of the Company's market capitalization [3]. Group 3: Use of Proceeds - The proceeds will be used for exploration activities including drilling, prospecting, sampling, and geochemical analyses [4]. - The Company may also issue finders' fees of up to 6% in cash and warrants for the proceeds placed by eligible finders [4]. Group 4: Company Overview - Volta Metals Ltd. is a mineral exploration company based in Toronto, focusing on rare earth elements and critical minerals such as gallium, lithium, cesium, and tantalum [8]. - The Company is actively exploring a portfolio of critical minerals projects in Ontario, a region known for its rich mining and mineral exploration potential [8].
Cascada Silver Completes Name Change to ATERRA Metals
TMX Newsfile· 2025-12-15 21:55
Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) (formerly Cascada Silver Corp.) ("ATERRA" or the "Company") today announced that it has completed its name change to ATERRA Metals Inc. ATERRA common shares will commence trading on the Canadian Securities Exchange ("CSE") under the Company's new name at the start of trading on December 16, 2025. In connection with the name change, the ticker symbol for the ATERRA common shares listed on the CSE will be ch ...
Hannan Announces Closing of Second Tranche of Non-Brokered LIFE Offering - Raises C$9.1 Million in Total
TMX Newsfile· 2025-12-15 21:35
Core Viewpoint - Hannan Metals Limited has successfully closed the second tranche of its non-brokered private placement, raising a total of C$9.1 million to fund exploration activities in Peru [1][2]. Group 1: Financing Details - The second tranche involved the issuance of 2,831,924 common shares at a price of $0.75 per share, generating gross proceeds of C$2,123,943 [1]. - Combined with the first tranche, which raised C$7,034,810, the total gross proceeds from the offering amount to C$9.1 million [1]. - The company paid C$102,011.55 in cash finder's fees related to the second tranche [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration expenditures at the company's projects in Peru, including advancing the drill program at the Belen gold-copper prospects and geological and drill permitting work at the Previsto gold-copper project [2]. - Additional funds will be used for general corporate and administration costs as well as working capital [2]. Group 3: Company Overview - Hannan Metals Limited is focused on identifying and delineating large gold and copper mineralizing systems in Peru [5]. - The company has a successful track record in discovering, financing, and advancing mineral projects across Australia, Europe, and South America over the past decade [5].
Dixie Gold Inc. Files Shareholder Meeting Circular
TMX Newsfile· 2025-12-15 21:01
Core Points - Dixie Gold Inc. has filed its management information circular and related materials for the upcoming annual general and special meeting of shareholders scheduled for January 22, 2026 [1][2] - The meeting will address ordinary business items such as electing directors and appointing an auditor, as well as special business regarding the company's listed status [2] - The Meeting Circular and related materials are available on SEDAR+ [3] Company Overview - Dixie Gold Inc. is a publicly traded junior exploration company with a portfolio of mining-related interests in Canada [4]
Neotech Metals Announces Distinct Apatite-Dominant Rare Earth Mineralization at Hecla-Kilmer
TMX Newsfile· 2025-12-15 17:11
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) ("Neotech" or "the Company") is pleased to report the results of a comprehensive and independent mineralogical study completed by SGS Lakefield ("SGS") on the Company's 100% owned Hecla-Kilmer ("H/K") Rare Earth & Critical Minerals Project in northern Ontario. These results confirm that up to 98% of total rare earth elements occur in apatite, and it is this distinctive apatite min ...
Freeport Resources Announces Closing of Second Tranche of Private Placement
TMX Newsfile· 2025-12-15 14:15
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to announce that, further to its news releases of October 15, 2025 and December 11, 2025, the Company has closed the second tranche of a non-brokered private placement through the issuance of 24,099,999 units (each, a "Unit") at a price of $0.03 per Unit for aggregate gross proceeds of approximately $723,000 (the "Second Tranche ...
CAT Strategic Metals Announces AGSM Results and The Appointment of An Additional Director
TMX Newsfile· 2025-12-15 14:10
Core Points - CAT Strategic Metals Corporation held its annual general and special meeting of shareholders on December 9, 2025, where shareholders voted in favor of all proposed matters [1] - The number of directors was set at three, with Robert Rosner, Steve Cozine, and Luis Martins elected to serve until the next annual meeting [1] - Mr. Jean-Francois Perrault was appointed as an additional director, bringing over 30 years of experience in merchant banking and capital markets [2][4] Corporate Update - Mr. Perrault's experience includes roles as Managing Director at Leede Financial Inc. and President & CEO of Northcore Resources Inc., highlighting his extensive background in corporate finance and investment banking [3][4] - He holds a Bachelor of Arts degree in Economics from McGill University and an MBA from Concordia University [5] - Mr. Perrault will support management and the Corporation in his role as a director [6] Company Overview - CAT Strategic Metals focuses on sourcing and advancing property interests in mineral districts with potential for lithium, copper, gold, silver, and tellurium [7] - The company controls the Gold Jackpot strategic metals property in Nevada and the Burntland Project in New Brunswick, Canada, targeting copper-silver and gold exploration [7] - CAT's shares are traded on the Canadian Securities Exchange under the symbol "CAT" and on the Frankfurt Stock Exchange as "8CHA" [7] Additional Resolutions - Mao & Ying LLP was re-appointed as the Company's auditor for the upcoming year [11] - The Company's stock option plan was ratified and approved by shareholders [11]