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Tribeca Resources Provides Update on Activities Across its Expanded Chilean Copper Exploration Portfolio
Thenewswire· 2025-12-15 11:00
Core Insights - Tribeca Resources Corporation has commenced fieldwork on the Jiguata property in northern Chile following a 5-year purchase option agreement and a C$6.5 million financing [1][2] - The company aims to build a comprehensive geological, geochemical, and geophysical picture of the Jiguata property, with plans to identify compelling drill targets for testing in 2026 [2][11] Jiguata Property Overview - The Jiguata property spans 10,000 hectares and is located in the Tarapacá region, part of the Eocene-Oligocene porphyry copper belt, approximately 120 km from major copper-molybdenum deposits [3][12] - Existing geological mapping and geochemical data have outlined several drill targets, with further fieldwork planned to detail additional targets [4][5] Exploration Activities - Field teams are engaged in geological mapping and systematic soil and rock sampling to create a multielement geochemistry database [5][8] - Global Ore Discovery Pty Ltd has been contracted to provide expert guidance on exploration and drill targeting, leveraging their extensive experience in porphyry and epithermal deposits [6][7] Data Acquisition and Analysis - Ground magnetic surveying is scheduled to begin in December, covering the majority of the property area [9][10] - A reprocessing of historic induced polarization (IP) geophysical data has been completed, enhancing the understanding of significant chargeability anomalies [10][11] La Higuera IOCG Project - The La Higuera project includes multiple copper-gold targets, with drilling planned at the Chirsposo Sur Target in Q1 2026 [14][15] - Previous drilling at the Gaby target has shown significant mineralization, with a notable intersection of 268m at 0.66% Cu [14][15] Future Plans - The data acquisition from ongoing field activities is expected to continue until March 2026, with drill testing of targets anticipated in Q2 or Q3 of 2026 [11][11] - The company is focused on building a portfolio of mid to advanced-stage copper exploration projects in Chile [20][21]
Pacific Ridge Grants Stock Options
Newsfile· 2025-12-01 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") has granted 1,850,000 incentive stock options ("stock options") to various directors, officers, advisors, and consultants. The stock options are exercisable at a price of CAD$0.25 for a period of five years. The stock options are subject to the terms and conditions of Pacific Ridge's stock option plan and the policies of the TSX Venture E ...
Tribeca Resources Grants Stock Options and DSUs
Thenewswire· 2025-11-25 12:00
Core Viewpoint - Tribeca Resources Corporation has granted stock options to its directors and officers for the purchase of up to 1,825,000 common shares at a price of $0.21 per share, with a vesting period of five years [1] Company Overview - Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile [2] - The management team consists of significant shareholders with expertise in iron oxide copper-gold deposits [2] Strategic Objectives - The company's objective is to provide mineral resources for the next generation of copper mines in Chile, focusing on mid to advanced-stage copper exploration and resource development projects [3] - Regular assessments of mineral targets are conducted to pursue acquisition, strategic exploration, and significant discovery [3] Key Properties - The flagship property is the La Higuera Property, covering 4,147 hectares in the Coquimbo Region of northern Chile [4] - The company holds options to acquire two additional properties: the Chiricuto project in the Atacama region and the Jiguata porphyry copper property in the Tarapacá region [4]
Tribeca Resources Closes Upsized C$6.5 Million Non-Brokered Private Placement Offering
Thenewswire· 2025-10-23 21:00
Core Viewpoint - Tribeca Resources Corporation successfully closed a non-brokered private placement offering, raising approximately $6.49 million by issuing 30,903,183 units at a price of $0.21 per unit, indicating strong investor interest and support for the company's growth strategy in copper exploration assets in Chile [1][2]. Financing Details - The offering consisted of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.30 within the first year and $0.40 in the second year [2]. - The total gross proceeds from the offering amounted to $6,489,668.43 [1]. Use of Proceeds - The proceeds will primarily fund the La Higuera IOCG project, with additional allocations for initial exploration and drilling at the Jiguata Project [4][5]. - Estimated allocation of funds includes: - $1,868,000 for La Higuera Project exploration - $1,573,000 for Jiguata Project exploration - $1,331,000 for follow-up drilling at both projects - $181,000 for business development - $894,000 for general and administrative expenses - $382,000 for unallocated working capital - Total estimated allocation: $6,229,000 [5]. Regulatory and Insider Participation - The offering was conducted under the listed issuer financing exemption, meaning the securities are not subject to a hold period under Canadian securities laws [3]. - Certain insiders subscribed for approximately $936,046 worth of units, qualifying as a related party transaction, but no new insiders or changes in control occurred as a result [10]. Company Overview - Tribeca Resources focuses on copper exploration in northern Chile, aiming to develop a portfolio of mid to advanced-stage copper projects [12][13]. - The flagship property, La Higuera Project, spans 4,147 hectares and is located in the Chilean Coastal IOCG Belt [14].
Tribeca Resources Upsizes Previously Announced Non-Brokered Private Placement to C$6.5 Million and Provides Clarification Regarding Prior Announcement
Thenewswire· 2025-10-15 18:50
Core Viewpoint - Tribeca Resources Corporation has increased its non-brokered private placement offering due to strong investor demand, raising the total units from 23,809,523 to 30,952,380 for gross proceeds of up to $6,500,000 at a price of $0.21 per unit [1] Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.30 within the first 12 months and $0.40 in the subsequent 12 months [2] - The offering is subject to a minimum subscription amount of $2,000,000 and is being completed under the listed issuer financing exemption [3] Use of Proceeds - Proceeds from the offering will primarily be used for exploration activities at the La Higuera Project and may also be allocated to the Jiguata Project, contingent upon raising more than the minimum offering amount and obtaining necessary regulatory approvals [4] Closing Conditions - The closing of the offering is expected by October 29, 2025, and is subject to approval from the TSX Venture Exchange [6] Insider Participation - Certain directors and management are expected to participate in the offering, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [7] Jiguata Project Update - The company is working towards finalizing a definitive purchase option agreement for the Jiguata Project, with a deadline of October 31, 2025, but there is no guarantee of entering into the agreement [8] Company Overview - Tribeca Resources is focused on copper exploration in northern Chile, with a management team experienced in discovering and developing copper assets [9] - The company's flagship property is the La Higuera Project, which spans 4,147 hectares in the Chilean Coastal IOCG Belt [11]
Andina Copper Appoints Daniel Earle as Strategic Advisor and Announces Private Placement
Thenewswire· 2025-10-10 12:20
Core Insights - Andina Copper Corporation has appointed Daniel Earle as a Strategic Advisor, bringing over 20 years of experience in the mining sector and capital markets [1][5] - The company has announced a fully subscribed non-brokered private placement, raising gross proceeds of $3,000,000 through the issuance of 7,500,000 shares at a price of $0.40 per share [2][3] Company Developments - The proceeds from the private placement will fund ongoing exploration at the Cobrasco Copper-Molybdenum Project in Colombia and the Piuquenes Copper-Gold Porphyry Project in Argentina [2] - The anticipated closing date for the private placement is October 31, 2025, pending acceptance by the Canadian Securities Exchange [2] - The company has granted a total of 2,000,000 stock options to Strategic Advisors, employees, and consultants, with varying exercise prices [4] Strategic Outlook - Chairman Tony Manini expressed confidence in Daniel Earle's track record and its potential to enhance Andina Copper's position as a leading copper explorer in South America [5] - The company is advancing field activities across its portfolio, with exploration underway at Cobrasco and preparations for the 2025/26 field season at the Piuquenes project [6] - Results from a recent surface sampling program at the Mantau copper-gold project in Chile are expected soon [7] Company Profile - Andina Copper Corporation is focused on copper exploration in South America and is listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [9] - The company holds significant discoveries along the Andean porphyry belt in Argentina and Colombia, as well as an undrilled copper-gold target in Chile [10]
Tribeca Resources Announces Non-Brokered Private Placement of up to C$5M
Thenewswire· 2025-10-07 11:00
Core Viewpoint - Tribeca Resources Corporation plans to complete a non-brokered private placement of up to 23,809,523 units at a price of $0.21 per unit, aiming for gross proceeds of up to $5,000,000, with a minimum subscription amount of $2,000,000 [1][3]. Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.30 within the first 12 months and $0.40 in the subsequent 12 months, totaling a 24-month exercise period [2]. - The offering is being conducted under the listed issuer financing exemption and the securities will not be subject to a hold period under Canadian securities laws [3]. Use of Proceeds - The gross proceeds from the offering will be allocated for exploration activities at the La Higuera Project and the Jiguata Project, as well as for general working capital [4]. Finder's Fees - The company may pay finder's fees of up to 6% of the gross proceeds and finder's warrants equal to up to 6% of the shares issued, in accordance with applicable securities laws [5]. Closing Information - The closing of the offering is expected around October 29, 2025, subject to certain conditions including TSXV approval [6]. Insider Participation - Certain directors and management are expected to participate in the offering, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [7]. Project Acquisition - The company has extended the deadline to enter into a definitive agreement for the acquisition of the Jiguata Project to October 31, 2025 [8]. Company Overview - Tribeca Resources is focused on copper exploration in northern Chile, aiming to develop a portfolio of mid to advanced-stage copper projects [9][11]. - The flagship property, La Higuera Project, spans 4,147 hectares in the Chilean Coastal IOCG Belt [12].
Pacific Ridge Announces Digital Marketing Agreement
Newsfile· 2025-10-03 00:41
Core Insights - Pacific Ridge Exploration Ltd. has entered into a digital marketing awareness campaign agreement with IRP Holdings Corporation for a three-month term, from October 1, 2025, to December 31, 2025, with a payment of US$150,000 [1][2] - The company is also engaged with Capital Analytica for capital markets consultation and social media services, with the agreement also subject to TSX Venture Exchange approval [3] Company Overview - Pacific Ridge aims to be the leading copper exploration company in British Columbia, with its flagship project being the Kliyul copper-gold project located in the Quesnel terrane [4] - The company's project portfolio includes the RDP, Chuchi, Onjo, and Redton copper-gold projects, all situated in British Columbia [4] - The company acknowledges that its projects are located in the traditional territories of several Indigenous nations [4]
Pacific Ridge Closes Final Tranche of Brokered Financing; Raised Aggregate Gross Proceeds of C$4.65 Million
Newsfile· 2025-09-26 16:26
Core Viewpoint - Pacific Ridge Exploration Ltd. has successfully closed the second and final tranche of its private placement, raising a total of C$4,651,346.62 for its exploration projects and general corporate purposes [1][3]. Group 1: Offering Details - The final tranche raised gross proceeds of C$1,958,426.62 from the sale of 7,806,734 units at C$0.20 per unit and 1,726,434 flow-through units at C$0.23 per unit [1]. - Each unit consists of one common share and one common share purchase warrant, while each flow-through unit includes one flow-through share and one warrant [2]. - The warrants allow holders to purchase common shares at C$0.28 from November 26, 2025, to September 26, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration of the Kliyul and RDP copper-gold projects in British Columbia, along with general working capital [3]. - Gross proceeds from the sale of flow-through shares will be used for Canadian exploration expenses and flow-through mining expenditures, with renouncement to purchasers effective by December 31, 2025 [4]. Group 3: Regulatory and Compliance - The offering was conducted under National Instrument 45-106, with units issued to Canadian purchasers under the listed issuer financing exemption [5]. - Flow-through units were issued under the "accredited investor" and "minimum amount investment" exemptions [6]. - The securities issued are subject to a statutory hold period ending on January 27, 2026 [8]. Group 4: Broker Compensation - Red Cloud Securities Inc. received cash fees of C$114,424.79 and 556,586 non-transferable common share purchase warrants as compensation for their services in the final tranche [7].
Pacific Ridge Announces Investor Relations Agreement
Newsfile· 2025-09-15 11:00
Group 1 - Pacific Ridge Exploration Ltd. has entered into an agreement with Triomphe Holdings Ltd. for investor relations and communications services, effective September 15, 2025 [1][2] - The agreement has an initial term of six months, with a total payment of CAD$120,000, and an option to renew for an additional six months at a reduced rate [2] - The company will also grant 100,000 incentive stock options to Capital Analytica at a later date, subject to TSX Venture Exchange approval [2] Group 2 - Pacific Ridge aims to become British Columbia's leading copper exploration company, with its flagship project being the Kliyul copper-gold project [3] - The company has a diverse project portfolio that includes the RDP, Chuchi, Onjo, and Redton copper-gold projects, all located in British Columbia [3] - The projects are situated in the traditional territories of several Indigenous nations, including the Gitxsan Nation and Nak'azdli Whut'en [3]