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Osisko Metals Appoints COO
Globenewswire· 2026-01-05 21:01
Core Viewpoint - Osisko Metals Incorporated has appointed Jeff Hussey as Chief Operating Officer, effective immediately, to advance its Gaspé Copper Project [1][4]. Company Overview - Osisko Metals is a Canadian exploration and development company focused on critical metals, particularly copper and zinc [4]. - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023, which is located in Québec's Gaspé Peninsula [4]. - The Gaspé Copper mine hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [4]. Leadership Changes - Jeff Hussey has over 40 years of experience in the exploration and mining industries and has held various management positions within Osisko Metals, including CEO of Pine Point Mining Limited [2][3]. - He has resigned from the board of directors of Osisko Metals but will continue to support Pine Point Mining Limited while focusing on the Gaspé Copper project as COO [3]. Project Details - The Gaspé Copper project is currently focused on resource expansion and is undergoing economic evaluation, permitting, and startup phases [3]. - In addition to the Gaspé Copper project, Osisko Metals is advancing the Pine Point project, which has Indicated Mineral Resources of 49.5 million tonnes averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 million tonnes averaging 5.64% ZnEq [5].
CHINA NATURAL RESOURCES REPORTS FIRST HALF 2025 RESULTS
Prnewswire· 2025-12-31 13:00
Core Viewpoint - China Natural Resources Inc. reported its operational results for the six months ending June 30, 2025, highlighting a loss increase and ongoing investment in mining activities despite acquisition delays [1][5]. Financial Performance - Administrative expenses decreased to CNY3.14 million (US$0.44 million) from CNY4.00 million in the same period of 2024, attributed to stringent cost control measures [3]. - Fair value gain on financial instruments was CNY1.88 million (US$0.26 million), down from CNY3.86 million in 2024, reflecting fluctuations in the value of outstanding warrants [4]. - The company reported a loss of CNY1.27 million (US$0.18 million) for the six months ended June 30, 2025, compared to a loss of CNY0.12 million in the same period of 2024, primarily due to decreased fair value gains [5][9]. Assets and Liabilities - Total assets as of June 30, 2025, were CNY251.51 million (US$35.07 million), a decrease from CNY260.89 million as of December 31, 2024 [10][11]. - Current liabilities decreased to CNY13.70 million (US$1.91 million) from CNY17.32 million in December 2024, while total liabilities were CNY165.01 million (US$23.01 million) [11]. - Equity attributable to owners of the company was CNY86.49 million (US$12.06 million) as of June 30, 2025, down from CNY88.06 million [11][12]. Strategic Initiatives - The company is focused on prudent investments in exploration activities at the Wulatehouqi Moruogu Tong Mine and is actively working to resolve delays in the acquisition of William Minerals, which operates a lithium mine in Zimbabwe [2][6].
BWR Exploration Inc. and Electro Metals and Mining Inc. Announce Meeting of Shareholders and Record Date
Globenewswire· 2025-11-25 15:52
Core Viewpoint - BWR Exploration Inc. is set to hold its Annual General and Special Meeting on December 31, 2025, to approve a Reverse Takeover (RTO) by Electro Metals and Mining Inc., which is expected to create a new publicly traded company with significant growth potential in the mining sector [1][3][5]. Group 1: Company Announcements - BWR will issue one post-consolidation share for each Electro share, implying a share price of $0.021 for each pre-consolidation BWR share [3]. - Both companies' Boards of Directors have unanimously voted in favor of the Transaction and are encouraging shareholders to support it [3][6]. - A ZOOM call to present the Transaction will take place on November 27, 2025 [3]. Group 2: Financial Aspects - The companies plan to raise between $1.6 million and $2.25 million through Flow Through (FT) Units priced at $0.26, and between $1.6 million and $1.75 million through Hard Dollar (HD) Units priced at $0.20 [4]. - Each FT Unit will consist of one FT common share and one-half of a Common Share Purchase Warrant, while each HD Unit will consist of one Common Share and one Common Share Purchase Warrant [4]. Group 3: Project and Asset Details - The Transaction aims to establish a company with high-grade copper and gold projects, particularly focusing on the Magusi–Fabie Project in Québec, which is seen as a critical and precious metals opportunity [4][6]. - Electro holds a 100% interest in a block of claims covering 570.73 hectares with historical copper-silver mineralization and has an option for an adjacent block of 6,517.6 hectares [8][10]. - The plan includes expanding known resources at the Magusi and Fabie deposits and exploring other high-priority targets on the combined property [10]. Group 4: Management and Expertise - Management teams of both BWR and Electro consist of experienced professionals with decades of operational experience in the junior resource sector [7][11]. - The companies emphasize their commitment to creating significant value for shareholders through the successful completion of the Transaction and subsequent exploration efforts [4][6].
BWR Exploration Inc. Closes Tranche 2 of the Bridge Financing Pursuant to a Business Combination Transaction with Electro Metals and Mining Inc.
Globenewswire· 2025-06-05 00:00
Core Viewpoint - BWR Exploration Inc. and Electro Metals and Mining Inc. have successfully raised a total of $240,000 in bridge financing, exceeding the minimum requirement for their proposed business combination [1][2]. Group 1: Financing Details - BWR and Electro aimed to raise between $220,000 and $300,000 through unit financing to support immediate commitments and advance their business combination [2]. - BWR raised an additional $50,000 in its second tranche of bridge financing, issuing 2,500,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one warrant [3]. - The first tranche of BWR's financing closed on February 14, 2025, raising $40,000 through the issuance of 2,000,000 units, bringing the total raised by BWR to $90,000 [4]. Group 2: Insider Participation - Certain directors and insiders of BWR participated in the bridge financing, subscribing for 1,250,000 units at a total price of $25,000, which is within the permissible limits under applicable securities laws [5]. Group 3: Electro Financing - Electro has raised an aggregate of $150,000, surpassing its minimum target of $120,000, by issuing 937,500 units at $0.16 each, with each unit comprising one ordinary share and one warrant [6]. Group 4: Transaction Structure - The proposed business combination between BWR and Electro is structured as a reverse takeover (RTO), which will result in Electro and its subsidiaries becoming wholly-owned subsidiaries of BWR [7]. - The final structure of the business combination is subject to satisfactory legal advice and is considered an arm's length transaction [7]. Group 5: Future Steps - Further details regarding the transaction and a definitive agreement will be disclosed in due course, with trading of BWR shares currently halted pending the completion of the transaction [8][9].