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Pacific Ridge Intersects 289 m of 0.77% Copper Equivalent or 1.15 g/t Gold Equivalent at Kliyul Copper-Gold Project; Expands Mineralization 110 m to the West
Newsfile· 2025-11-18 12:00
Pacific Ridge Intersects 289 m of 0.77% Copper Equivalent or 1.15 g/t Gold Equivalent at Kliyul Copper-Gold Project; Expands Mineralization 110 m to the WestNovember 18, 2025 7:00 AM EST | Source: Pacific Ridge Exploration Ltd.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") is pleased to announce that drill hole KLI-25-070 intersected 289.0 m of 0.77% copper-equivalent* ( ...
NorthWest Copper Announces Results of 2025 AGM
Globenewswire· 2025-10-22 11:59
Core Points - NorthWest Copper Corp. held its Annual General Meeting of Shareholders on October 21, 2025, where shareholders voted in favor of all proposed items [1][2] - The Board of Directors was re-elected, including Maryantonett Flumian, Enrico De Pasquale, Adam Manna, James Steel, and Paul Olmsted [1] - MNP LLP was appointed as the auditors for the upcoming year, with directors authorized to fix their remuneration [2] - The Company's Equity Incentive Plan was re-approved by shareholders [2] Company Overview - NorthWest Copper is a copper-gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [3] - The company is positioned to benefit from strengthening global copper and gold markets due to its robust portfolio in a tier one jurisdiction [3] - NorthWest is committed to responsible mineral exploration, collaborating with First Nations to ensure development incorporates stewardship best practices and traditional land use [3]
Pacific Empire Announces Closing of First Tranche of Financing, Mobilization of Crews to Trident, and Grant of Options
Newsfile· 2025-10-07 12:00
Core Viewpoint - Pacific Empire Minerals Corp. has successfully closed the first tranche of its non-brokered private placement, mobilized crews to the Trident copper-gold project, and granted stock options to key personnel, marking a significant step in advancing its exploration efforts [1][2][10]. Financing Details - The first tranche of the private placement raised gross proceeds of C$1,386,289.95, issuing 21,122,570 Hard Dollar Units and 16,175,000 Flow-Through Units [2][4]. - Hard Dollar Units were priced at C$0.035 each, while Flow-Through Units were priced at C$0.04 each. Each unit includes a common share and a purchase warrant with specific exercise prices and durations [3][5]. Use of Proceeds - Funds from the offering will be allocated to the 2025 diamond drill program at the Trident project and for general working capital [4]. Mobilization and Drilling Plans - Field crews have been mobilized to the Trident property, with drilling expected to commence around October 12, 2025. This program aims to explore previously undrilled porphyry and breccia targets [8][10][18]. - The 2025 drill program is considered a milestone, as it will test high-priority targets that have not been drilled despite over 50 years of exploration history [16][18]. Strategic Importance - The Trident drill program is timely, given the rising global demand for copper driven by electrification and electric vehicle adoption. The project is located in a mining-friendly jurisdiction, enhancing its exploration potential [17][18]. - The combination of historical mineralization, geophysical and geochemical anomalies, and newly permitted access to untested areas presents a unique opportunity for discovery [18]. Stock Options Granted - The company has granted a total of 7,700,000 stock options to officers, directors, and consultants, with an exercise price of C$0.05 per share for a period of five years [10]. Property Overview - The Trident property is an early exploration stage site with significant potential, located approximately 50 km from notable deposits and covering 6,618 hectares with established access [20][21].
NorthWest Maintains Option on a Portion of the Arjay Project
Globenewswire· 2025-09-18 11:00
Core Viewpoint - NorthWest Copper is committed to advancing its Arjay project, which is part of its broader strategy to enhance shareholder value through mineral exploration and potential partnerships [1][2][3] Company Overview - NorthWest Copper is a copper-gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [13] - The company is focused on responsible mineral exploration and collaborates with First Nations to ensure sustainable development practices [13] Arjay Project Details - The Arjay project spans approximately 4,800 hectares and is located about 50 kilometers south of Centerra Gold Inc.'s Kemess project [1] - The project is seen as having high potential for new porphyry copper and gold deposits, with a focus on enhancing exploration through potential agreements and transactions [2][3] Exploration Targets - The Arjay project includes three main high-potential targets: North Ridge, Asitka Lake Area, and Arjay target [4] - North Ridge target has shown promising results with a rock sample returning 3.9% Cu, 156.8 ppm Ag, and 12.9 ppm Mo [4] - Asitka Lake Area target has a historic silt sample of 244 ppm Cu, indicating further exploration is warranted [5] - The Arjay target features a quartz shear zone with samples producing 13.3% and 57.3% Cu, suggesting significant mineralization potential [6] Option Agreement and Financials - Under the Option Agreement, the company is required to make increasing cash and share payments, with the next payment due by September 30, 2025, amended to $37,500 in cash and $87,500 in Common Shares [7][8] - The company has also entered into debt settlement agreements totaling $54,660, to be settled by issuing 188,483 Common Shares at a deemed price of $0.29 per share [9][10] Management and Governance - The company has granted 150,000 stock options to its CFO, Mr. Sapan Bedi, with an exercise price of $0.29, vesting over three years [11]
NorthWest Announces Drilling Underway at Kwanika
Globenewswire· 2025-09-02 10:30
Core Viewpoint - NorthWest Copper is advancing its drilling program at the Kwanika project, supported by successful financing, aiming to confirm and expand higher-grade mineral targets and explore new opportunities [1][6]. Kwanika Central Deposit - The 2025 drilling plan at the Kwanika Central Deposit focuses on confirming and expanding the higher-grade target model to a depth of approximately 350 metres, with the goal of updating the mineral resource estimate and mine design [2][6]. Transfer Target - The Transfer Target, located 300 metres south of the Kwanika Central Deposit, will be drilled to assess its potential for new discoveries, particularly focusing on the orientation of alteration and mineralization [3][6]. Andesite Breccia Target - The Andesite Breccia Target, situated 600 metres north of the Kwanika Central Deposit, will be tested with a drill hole following a historic intercept of 87.0 metres at 0.38% Cu and 0.06 g/t Au, to understand its geological context [4][6]. Drilling Program Details - The total planned drilling for 2025 is 5,135 metres, with 4,285 metres allocated to the Kwanika Central Deposit and 850 metres to the Transfer and Andesite Breccia Targets [7][6]. Future Updates - The company will provide updates on the drilling program as results become available over the coming months [9].
NorthWest Upsizes Flow Through Financing to $4.1 Million and Closes Final Tranche
Globenewswire· 2025-08-25 10:30
Core Insights - NorthWest Copper Corp has successfully upsized its non-brokered critical mineral flow-through private placement financing to a total of $4.1 million due to strong investor demand [1][2] - The funds will be utilized for exploration drilling and metallurgical programs at the Kwanika project, focusing on higher-grade zones within existing mineral resources [2][3] Financing Details - The final tranche of the upsized flow-through offering closed with subscriptions of 887,490 units at a price of $0.225 per unit, generating gross proceeds of $0.9 million [1][2] - Each unit consists of one flow-through common share and one half of a non-transferable common share purchase warrant, with the warrants exercisable at $0.34 until August 22, 2027 [2][4] Exploration Plans - The financing allows for a staged approach to the 2025 exploration program, which includes a 5,135-meter drill program aimed at confirming and expanding higher-grade zones [2] - Additional nearby targets, such as the Transfer Target and Andesite Breccia Target, will also be tested for potential new mineralization [2] Tax Implications - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds allocated to eligible resource exploration expenses [3] Advisory and Fees - Canaccord Genuity Corp acted as the financial advisor for the offering, with the company incurring cash finder's fees and issuing common shares and compensation warrants as part of the final tranche [4]
NorthWest Closes First Tranche of Flow Through Financing and Upsizes Placement to Fund Work at Kwanika
Globenewswire· 2025-07-29 11:00
Core Viewpoint - NorthWest Copper Corp has successfully closed the first tranche of its non-brokered critical mineral flow-through private placement financing, increasing the offering to a maximum of $3.5 million due to excess demand, and has re-opened a hard dollar private placement for additional funding [1][2][3] Financing Details - The first tranche of the flow-through offering raised $2.5 million through the sale of 11,281,112 units at a price of $0.225 per unit, with each unit consisting of one flow-through common share and one half of a non-transferable common share purchase warrant [2][3] - The upsized flow-through offering will include an additional $1 million and a hard dollar component of up to $0.4 million, with the hard dollar units priced at $0.20 each [3][4] - Proceeds from the flow-through placement will be allocated for exploration at Kwanika Central and the nearby Transfer Target, while the hard dollar offering will be used for general corporate purposes [3][4] Strategic Plans - The company is focusing on higher-grade zones within its mineral resources at Kwanika, aiming to enhance recovery rates, particularly for gold, and plans to execute exploration drilling and metallurgical test work [2] - A 5,135-meter drill program is planned to confirm and expand the higher-grade target model, with the goal of informing an updated mineral resource estimate [2] - An updated Preliminary Economic Assessment is expected to be delivered in the first half of 2026 [2] Regulatory and Compliance - The upsized offerings are subject to regulatory approvals, including those from the TSX Venture Exchange [4] - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [5][6] Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [10] - The company is positioned to benefit from a strengthening global copper and gold market, emphasizing responsible mineral exploration in collaboration with First Nations [10]
Northwest Copper Announces Closing of Oversubscribed Private Placement
Globenewswire· 2025-07-04 11:00
Core Viewpoint - NorthWest Copper Corp. successfully closed an oversubscribed non-brokered private placement financing, raising a total of $555,000 through the sale of 2,775,000 units at $0.20 per unit, which will primarily be used for general working capital purposes [1][2]. Financing Details - The private placement consisted of 2,775,000 units priced at $0.20 each, resulting in gross proceeds of $555,000 [2]. - Each unit includes one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 until July 3, 2027 [2]. - The company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants, also exercisable at $0.30 until July 3, 2027 [3]. Strategic Insights - CEO Paul Olmsted highlighted that the increased demand for the private placement reflects confidence in the company's new strategic approach at Kwanika, focusing on higher-grade zones within current mineralization [3]. - The financing is seen as a crucial step in preparing for the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika [3]. Related Party Transactions - Three directors of the company acquired a total of 400,000 units for $80,000, which qualifies as a related party transaction [5]. - These transactions are exempt from certain requirements under Multilateral Instrument 61-101 due to the fair market value of the securities not exceeding 25% of the company's market capitalization [5]. Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [7]. - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [7].
NorthWest Copper Announces Non-Brokered Private Placement Financing
Globenewswire· 2025-05-21 10:30
Core Viewpoint - NorthWest Copper Corp. is conducting a non-brokered private placement financing of up to 2,500,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $500,000 [1][2] Group 1: Private Placement Details - Each unit consists of one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable for an additional common share at an exercise price of $0.30 for a period of 2 years [1] - Proceeds from the private placement will primarily fund general working capital purposes [2] - The private placement is subject to approval from the TSX Venture Exchange, and all common shares issued will be subject to a four-month hold period from the closing date [2] Group 2: Insider Participation and Related Party Transactions - Certain insiders of the company are expected to acquire common shares, which will be considered a "related party transaction" under Multilateral Instrument 61-101 [3] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of related party participation being below 25% of the company's market capitalization [3] Group 3: Company Overview - NorthWest Copper is a copper and gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [5] - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [5]