Gold and Copper Exploration
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GoldQuest Closes Second Tranche of Private Placement for Gross Proceeds of Approximately C$8.7 Million
TMX Newsfile· 2026-01-09 21:04
Core Viewpoint - GoldQuest Mining Corp. has successfully closed the second tranche of its non-brokered private placement, raising approximately C$8.7 million, contributing to a total of C$40 million raised through the entire private placement process [1][2][3]. Group 1: Private Placement Details - The second tranche involved the issuance of 7,172,813 units at a price of C$1.21 per unit, each unit consisting of one common share and one-half of a common share purchase warrant [2]. - The total gross proceeds from the entire private placement, including the first tranche, amount to approximately C$40 million, with 31,966,201 units issued [3]. - A cash finder's fee of C$305,579.45 was paid to Paradigm Capital Inc. in connection with the second tranche [3]. Group 2: Future Plans and Use of Proceeds - The company anticipates closing the third and final tranche of the private placement, expected to raise up to C$3,320,896 [4]. - Proceeds from the private placement will be utilized for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes [4]. Group 3: Insider Participation - Insiders of the company acquired a total of 150,000 units for C$181,500 in the second tranche, which is classified as a related party transaction [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements as the insider participation does not exceed 25% of the company's market capitalization [6]. Group 4: Company Overview - GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic, with a management team experienced in operating mines in the region [7].
South Pacific Metals Announces Closing of C$9.2 Million Marketed Equity Offering
Newsfile· 2025-12-08 13:46
Core Viewpoint - South Pacific Metals Corp. has successfully closed a private placement offering, raising gross proceeds of C$9,199,494 to fund exploration activities and general corporate purposes [1][3]. Group 1: Offering Details - The offering consisted of 17,036,100 units priced at C$0.54 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.90 for a period of 24 months following the offering's closing [2]. - The offering included a full exercise of a 15% option, resulting in an additional issuance of 2,222,100 units [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to expand exploration activities and for general corporate purposes [3]. Group 3: Related Party Transactions - The offering involved the issuance of 378,000 units to related parties, amounting to a subscription of C$204,120, which is exempt from formal valuation and minority shareholder approval requirements [4]. Group 4: Agent and Commission - BMO Capital Markets acted as the lead agent and sole bookrunner, with a cash commission of C$491,969.65 paid in connection with the offering [5]. Group 5: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects [7]. - The company's projects are strategically located near major producers, indicating potential for significant mineralization [8].
Kincora Commences Drilling at the Wongarbon Porphyry Project
Newsfile· 2025-11-18 10:15
Core Viewpoint - Kincora Copper Limited has commenced drilling at the Wongarbon porphyry project, aiming to sample basement geology and test a significant magnetic anomaly that could lead to major mineral discoveries in the Macquarie Arc region [1][4][7]. Company Summary - Kincora Copper Limited is focused on gold-copper exploration and operates a hybrid project generator strategy, with a significant portfolio of projects in Australia's Lachlan Fold Belt and Mongolia's Southern Gobi [22][23]. - The company has secured a funding grant from the New South Wales (NSW) Government, which supports drilling activities at Wongarbon, with an anticipated cost of less than US$100,000 to shareholders [6][10]. - Kincora's drilling strategy includes a multi-phase partnership with Fleet Space Technologies, utilizing advanced AI-powered technology for exploration [5][7][17]. Industry Context - The Macquarie Arc is recognized as a premier porphyry region globally, with recent significant discoveries such as the Boda and Kaiser deposits, which have a combined resource of 14.7 million ounces of gold equivalent [8][11]. - The Wongarbon project is considered a prime target for major discoveries, as it is located in an area with underexplored volcanic-intrusive complexes that have shown potential for large mineral deposits [3][12][13]. - Various exploration groups are actively engaged in greenfield exploration within the Macquarie Arc, indicating a competitive and promising environment for mineral discovery [9].
Tier One Silver Grants Stock Options
Newsfile· 2025-10-27 21:00
Core Points - Tier One Silver Inc. has granted incentive stock options for the purchase of 4,813,000 common shares, with 3,553,000 options granted to directors and officers, exercisable at $0.12 for five years [1] - The company has renewed its contract with Strike Communications Inc. for corporate communications support and media management, with a six-month term and a monthly fee of C$3,500 [2] - Tier One Silver is focused on discovering silver, gold, and copper deposits in South America, particularly its flagship project, Curibaya [3] Summary by Category Stock Options - The company has granted a total of 4,813,000 stock options, with 3,553,000 allocated to directors and officers, exercisable at $0.12 and expiring in five years [1] - The vesting schedule includes 25% on the grant date and 12.5% every three months thereafter [1] Contract Renewal - The contract with Strike Communications Inc. has been renewed for a limited suite of services, effective immediately for six months [2] - Strike will receive a monthly fee of C$3,500 and 150,000 options, exercisable at $0.12 for up to five years [2] - The vesting schedule for these options includes 25% at three and six months, and 12.5% every three months thereafter [2] Company Overview - Tier One Silver is an exploration company focused on creating shareholder value through the discovery of world-class deposits in South America [3] - The company is primarily focused on its Curibaya project while exploring other potential projects [3] - The management and technical teams have a strong track record in capital raising and monetizing exploration success [3]
Kincora Awarded Drilling Grant for Wongarbon Project
Newsfile· 2025-10-22 12:00
Core Insights - Kincora Copper Limited has been awarded a A$143,484 co-funding grant for drilling at the Wongarbon project, marking the first drilling to basement geology at this site [1][3][7] - The grant is part of the New South Wales (NSW) Government's Critical Minerals Strategy 2024-35, which aims to enhance exploration and investment in critical minerals [2][6] - The Wongarbon project is located within a significant geological area, the Macquarie Arc, which is known for its potential in copper and gold discoveries [3][10] Company Overview - Kincora Copper Limited is an emerging gold-copper explorer with a hybrid project generator strategy, focusing on extensive project portfolios in Australia's Lachlan Fold Belt and Mongolia's Southern Gobi [9][10] - The company has secured over A$100 million in potential partner funding for various projects, supporting significant drilling activities [11][12] - Kincora aims to position itself as a leading institutional-grade explorer in the public Australian and Canadian markets [13] Industry Context - The NSW Government's Critical Minerals Strategy emphasizes the importance of copper as a critical mineral for energy transition and national security [2][6] - The recent competitive grant process awarded funding to 18 explorers, with a focus on copper exploration, highlighting the growing demand for critical minerals [7][8] - The Macquarie Arc is recognized as Australia's foremost porphyry region, indicating a favorable environment for mining and exploration activities [3][6]
South Pacific Identifies New Mineralized Zones at Golkona South, Anga Project
Newsfile· 2025-10-14 11:30
Core Insights - South Pacific Metals Corp. has announced the discovery of new gold-copper mineralized zones at Golkona South, part of the Anga Project in Papua New Guinea, which is adjacent to K92 Mining's tenements in a highly prospective gold-copper district [1][4]. Summary by Sections Highlights - A 2.2 × 1.1 km gold in soil anomaly has been identified, with peak values reaching 1080 ppb Au, marking the highest soil gold values reported on the Anga project to date [5]. - Two zones of high copper (over 1000 ppm Cu) and silver (over 250 ppb Ag) have been detected, with peak results of 3,397 ppm Cu and 2,160 ppb Ag [5]. - Panned concentrate samples from streams in Golkona South show up to 282 ppm Au, indicating a local source [5]. - The anomalous area aligns with mobile MT conductivity features, correlating with known deposits in the Kainantu region [5]. Next Steps - The company plans to continue geochemical sampling at Golkona South and the adjacent Golkona prospect, along with geological reconnaissance and mapping to better understand the mineralization [5]. - This information will assist in defining initial drill targets for further exploration [5]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² and four projects in Papua New Guinea, including Anga, Osena, Kili Teke, and May River [13][14]. - The company is strategically located within the high-grade Kainantu Gold District, with potential for similar mineralization as that found in K92 Mining's tenements [14].
Tier One Silver Closes First Tranche of Previously Announced Upsized Private Placement
Newsfile· 2025-09-12 11:51
Group 1 - Tier One Silver Inc. has completed the first tranche of its upsized non-brokered private placement, issuing 41,488,000 units at C$0.08 per unit, resulting in gross proceeds of C$3,319,040 [1][2] - Each unit consists of one common share and one full common share purchase warrant, with warrants exercisable at C$0.11 until September 11, 2028 [1][2] - A second tranche of the offering is expected to close around September 16, 2025, with proceeds intended for exploration at Curibaya, new project investigation, and general working capital [2][3] Group 2 - The company paid cash finders' fees of C$205,173 and issued 2,564,660 non-transferable finders' warrants in connection with the first tranche [3] - The securities issued are subject to a four-month and one-day hold period in Canada, expiring on January 12, 2026 [4] - The company is focused on creating value through the discovery of silver, gold, and copper deposits in South America, with a strong emphasis on its flagship project, Curibaya [6]
South Pacific Metals Engages Marketing and Advertising Services
Newsfile· 2025-07-30 11:30
Core Viewpoint - South Pacific Metals Corp. has engaged two marketing and advertising service providers, Capital Analytica and 45 Degrees, to enhance its investor engagement and market presence, with agreements commencing on July 29, 2025 [1][2][4]. Group 1: Engagement of Service Providers - Capital Analytica will provide a marketing support program for six months, including capital markets consultation and social media engagement, for a cash compensation of $120,000 [2]. - 45 Degrees will offer advertising services, including Google Ads and social media distribution, for stock options and reimbursement of pre-approved advertising expenses [4][5]. - Both service providers are arm's-length entities with no direct or indirect interest in South Pacific Metals [3][5]. Group 2: Stock Options and Restricted Share Units - The company has granted a total of 575,000 stock options and 175,000 restricted share units (RSUs) to certain consultants, including those from Capital Analytica and 45 Degrees, effective July 29, 2025 [6][8]. - The stock options have an exercise price of $0.55 and are subject to various vesting provisions over a period extending to July 29, 2030 [7]. - The RSUs will vest in two tranches, with 137,500 vesting one year from the grant date and the remaining 37,500 vesting two years from the grant date [8]. Group 3: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects [11]. - The company's projects are strategically located near major producers, indicating potential for significant mineral discoveries [12].
Waratah Minerals (WTM) Conference Transcript
2025-07-23 03:30
Summary of Waratah Minerals Conference Call Company Overview - Waratah Minerals is a gold and copper exploration company focused on the Spur project, which is believed to be evolving into a world-class discovery [2][3] Key Highlights - The Spur project was acquired 18 months ago and has shown consistent success in exploration [2] - The company has a strong technical team with experience in significant global discoveries [3] - There is a strategic influx of investment from major companies into the region, indicating a robust exploration environment [3] Exploration Strategy - The exploration strategy is based on the understanding that mineralization occurs near major intrusive complexes [4] - The company has increased its drilling capacity to three rigs, focusing on multiple exploration fronts [4][7] - Recent drilling has revealed significant gold intercepts, including 57 meters at 2.5 grams per ton [6] Financial Position - The company is well-funded, with recent capital raises attracting North American institutional investors [5] - The share price has begun to reflect the positive developments in the exploration results [6] Geological Insights - The geological model indicates that mineralization is likely located on the edges of magnetic highs, which has been validated through recent drilling [14][15] - The company has drilled approximately 25,000 meters, with a shift towards more core-based drilling techniques [13] Comparisons and Analogues - The Spur project shows similarities to the Cowal and Cadia Valley systems, which are known for their significant gold endowments [9][17] - Cowal is currently producing approximately $70 million in free cash flow per quarter, highlighting the potential profitability of similar discoveries [17] Future Plans - The company is ramping up its geometallurgical work and resource definition drilling [18] - There is a focus on high-grade zones within the Spur Gold Corridor, with ongoing exploration to define the extent of mineralization [19][20] Conclusion - Waratah Minerals is positioned in a promising exploration area with a strong technical team and financial backing, aiming to capitalize on the emerging discoveries at the Spur project [2][3][5]
South Pacific Metals Announces Management Change
Newsfile· 2025-06-16 11:30
Core Viewpoint - South Pacific Metals Corp. announces the resignation of Ms. Cathy Fitzgerald as an officer and director, effective July 11, 2025, highlighting her significant contributions to the company's growth and strategic direction [1][2]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects: Osena, Anga, Kili Teke, and May River [4][5]. - The company is strategically located near major producers such as K92 Mining, PanAust, and Barrick/Zijin, focusing on rigorous technical programs to prioritize discovery [4][5]. Leadership Transition - Ms. Cathy Fitzgerald has played a pivotal role in shaping the company's exploration strategy and advancing key projects, with her leadership being crucial during a transformative period [2][3]. - Michael Murphy, Executive Chair of the Board, expressed gratitude for Fitzgerald's contributions and announced plans to oversee the launch of the company's inaugural drill program at the Osena Gold-Copper Project in Papua New Guinea [3]. Upcoming Initiatives - The company is set to commence its maiden drill campaign at the Osena Gold-Copper Project later this month, which is located in the Kainantu Gold Region [3].