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Medaro Announces Closing of LIFE Private Placement Offering
TMX Newsfile· 2026-01-07 00:31
Core Viewpoint - Medaro Mining Corp. has successfully closed its LIFE private placement offering, raising approximately $523,990 through the issuance of 3,742,786 units at a price of $0.14 per unit [1]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one share at an exercise price of $0.17 for 24 months [2]. - The offering was conducted under the Listed Issuer Financing Exemption, meaning the units are not subject to a hold period under Canadian securities laws [3]. Group 2: Financial Transactions - The company paid a total of $2,940 in cash finder's fees and issued 21,000 finders warrants to Research Capital Corporation, and paid $3,430 in cash finder's fees and issued 24,500 finders warrants to Ventum Financial Corp [4]. - After settling a debt of $35,000 to Treewalk Ventures Inc. and paying finder's fees, the company received net proceeds of approximately $482,620.04, which will be used for exploration activities at its lithium properties and for general corporate purposes [5]. Group 3: Related Party Transactions - Treewalk Ventures, controlled by the company's CFO, participated in the offering by acquiring 250,000 shares, and the company used part of the proceeds to settle a debt with Treewalk [7]. - The company is relying on exemptions from formal valuation and minority approval requirements as the transaction does not exceed 25% of its market capitalization [7]. Group 4: Company Overview - Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, owning the James Bay Pontax Project and the CYR South lithium properties in Quebec [8].
Medaro Announces LIFE Private Placement Offering
Newsfile· 2025-12-09 02:00
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce the offering (the "Offering") for aggregate gross proceeds of up to $524,000 from the sale of up to 3,742,857 units of the Company ("Units") at a price of $0.14 per Unit.Each Unit will consist of one common share in the capital of the Company (a "Share") and one common share purchase warrant of the Company (each, a "Warrant"). Each W ...
Foremost Clean Energy Announces Upcoming Ground-Based Gravity Survey at its Hatchet Lake Uranium Project, Athabasca Basin, Saskatchewan
Globenewswire· 2025-12-04 13:30
VANCOUVER, British Columbia, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce a ground-based gravity survey will commence in December over its Hatchet Lake Uranium Property ("Hatchet"), located in the eastern Athabasca Basin region ( the “Basin”) of northern Saskatchewan (see figure 1). The gravity survey is focused on the southern extent of the Richardson Trend where there has been limited drilling (see figure 2). T ...
Medaro Mining Announces Closing of Second and Final Tranche of Private Placement
Newsfile· 2025-11-27 02:15
Core Points - Medaro Mining Corp. announced the closing of the second and final tranche of its non-brokered private placement, issuing 900,000 common shares at a price of $0.08 per share, resulting in gross proceeds of $72,000 [1] - Combined with the first tranche completed on November 21, 2025, the total issuance amounts to 3,162,500 shares for total net proceeds of $215,000 [1] Company Overview - Medaro Mining Corp. is a lithium exploration company based in Vancouver, British Columbia, owning the James Bay Pontax Project and the CYR South lithium properties in Quebec [4]
Medaro Mining Announces Closing of First Tranche of Private Placement
Newsfile· 2025-11-24 11:00
Core Points - Medaro Mining Corp. has successfully closed the first tranche of its non-brokered private placement, issuing 2,262,500 common shares at a price of $0.08 per share, resulting in gross proceeds of $181,000 [1] - The company has allocated $38,000 of the proceeds to settle a debt with Treewalk Ventures Inc., a consulting firm controlled by the CFO, leaving net proceeds of $143,000 for potential acquisitions and working capital [2] - The securities issued are subject to a four-month hold period under Canadian securities laws, and no finder's fees were paid [3] Related Party Transaction - Treewalk Ventures, controlled by the CFO, participated in the offering by acquiring 475,000 shares, and the company applied $38,000 of the proceeds to settle a debt with Treewalk [5] - The company is relying on exemptions from formal valuation and minority approval requirements as the transaction does not exceed 25% of the company's market capitalization [5] Company Overview - Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, owning the James Bay Pontax Project and the CYR South lithium properties in Quebec [6]
Lithium Americas (Argentina) (NYSE:LAAC) Shares Down 4.2% – Should You Sell?
Defense World· 2025-11-22 07:35
Group 1 - The company, Lithium Americas (Argentina), has a market capitalization of $842.05 million, a PE ratio of 0.67, and a beta of 1.35 [1] - The stock's 50-day simple moving average is $4.10, while the 200-day simple moving average is $3.06 [1] - The company operates as a resource company focused on exploring lithium deposits, with interests in the Cauchari-Olaroz project in Jujuy province, Argentina [2] Group 2 - During mid-day trading, Lithium Americas (Argentina) shares were down 4.2%, trading as low as $5.11 and last at $5.20 [4] - Approximately 5,469,508 shares were traded, representing an increase of 282% from the average daily volume of 1,432,022 shares [4] - The stock had previously closed at $5.43 [4]
Lithium Chile Provides Update on the Sale of its Arizaro, Argentina Project
Thenewswire· 2025-09-17 12:00
Core Viewpoint - Lithium Chile Inc. is progressing towards finalizing the sale of its Arizaro Project in Salta Province, Argentina, with significant advancements in due diligence and agreement negotiations [1][2][4][6]. Due Diligence and Agreement Progress - A binding letter of intent (LOI) was signed on December 16, 2024, and the company has made steady progress towards a definitive agreement [2]. - Operational due diligence was completed in February 2025, followed by the first draft of the definitive agreement being delivered [3]. - Financial and legal due diligence was completed by internationally recognized advisors in June 2025, allowing legal teams to address final terms [3][4]. Special Committee Review - A Special Committee of independent directors has been overseeing the transaction and has submitted the draft agreement to the TSX Venture Exchange for regulatory feedback [5]. - This submission marks a significant step towards finalizing the definitive agreement [5]. Company Statements - The President & CEO of Lithium Chile stated that most key commercial terms have been agreed upon, and the transaction is in its final stages [6]. - The buyer will submit the definitive agreement to its regulatory body for approval, indicating ongoing commitment from both parties to complete the transaction [6]. Company Overview - Lithium Chile Inc. holds a portfolio of 11 properties covering 106,136 hectares in Chile and 29,245 hectares in Argentina [7]. - The company has advanced its Arizaro project with a compliant Resource Report, Preliminary Economic Assessment, and Prefeasibility Study available on SedarPlus.ca [8].
Patriot Battery Metals Announces Board Changes
Prnewswire· 2025-07-30 11:45
Core Viewpoint - Patriot Battery Metals Inc. has appointed Mrs. Aline Côté as an independent director, enhancing the board's expertise in the mining sector and aligning with the growing importance of Québec in the critical minerals value chain [1][3]. Company Overview - Patriot Battery Metals Inc. is focused on hard-rock lithium exploration, particularly advancing its 100%-owned Shaakichiuwaanaan Property in the Eeyou Istchee James Bay region of Quebec, Canada [4]. - The Shaakichiuwaanaan Property is notable for hosting the world's largest pollucite-hosted caesium pegmatite mineral resource, with 0.69 million tonnes at 4.40% Cs2O (Indicated) and 1.70 million tonnes at 2.40% Cs2O (Inferred) [4]. - The project also includes a consolidated mineral resource totaling 108.0 million tonnes at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga (Indicated), and 33.4 million tonnes at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga (Inferred), making it the largest lithium pegmatite resource in the Americas and the 8th largest globally [4]. Leadership and Expertise - Mrs. Aline Côté brings over 27 years of international mining experience, having held senior roles at Noranda Inc., Xstrata plc, and Glencore International AG, including her position as Head of Zinc Mining Technical Services at Glencore [1][2]. - Her appointment is expected to strengthen the board's industry credibility and operational leadership, given her extensive background in managing large-scale, capital-intensive mining operations [3][2]. Project Potential - A Preliminary Economic Assessment (PEA) for the CV5 Pegmatite was announced on August 21, 2024, indicating its potential as a significant North American lithium raw materials source, targeting up to approximately 800,000 tonnes per annum of spodumene concentrate [5].
Foremost Clean Energy Advances Murphy Lake South Uranium Project with Ambient Noise Tomography Survey Ahead of Drilling
Globenewswire· 2025-07-21 10:30
Core Insights - Foremost Clean Energy Ltd. has engaged Caur Technologies Inc. to conduct an ambient noise tomography survey on its Murphy Lake South Uranium Property in the Athabasca Basin, aiming to refine exploration targets and generate new ones [1][3] - The demand for nuclear energy is increasing, with significant investments in new reactors and a projected annual deficit of 67 million pounds U₃O₈ in the U.S. by 2035, positioning Foremost to capitalize on this trend [2][5] - The ANT technology is expected to enhance exploration efforts by detecting geological features linked to uranium mineralization, with drilling planned to commence after the survey [3][8] Company Developments - Foremost is advancing high-potential uranium projects in Saskatchewan, leveraging its collaboration with Denison Mines Corp. to enhance developmental timelines [4][10] - The Murphy Lake South Project spans 17,676 acres and is strategically located near significant uranium deposits, with historical drilling indicating promising mineralization [6][10] - The company plans to initiate a Phase 1 diamond drilling program following the ANT survey, targeting areas within 200–350 meters of the surface [8] Industry Context - The nuclear energy sector is experiencing unprecedented growth, driven by new reactor developments and substantial investments in clean energy [2] - The Athabasca Basin is recognized for its rich uranium deposits, making it a focal point for exploration and development in the uranium market [10] - The innovative SABRE mining method recently launched by Denison and Orano Canada highlights the region's production potential and the importance of advanced technology in unlocking high-grade uranium deposits [5]
Foremost Clean Energy Successfully Regains Compliance with Nasdaq Minimum Bid Price Requirement Supported by Significant Trading Volume and +260% Increase in Share Price
Globenewswire· 2025-05-27 13:00
Core Viewpoint - Foremost Clean Energy Ltd. has regained compliance with Nasdaq Listing Rule 5550(a)(2), reflecting strong market sentiment and investor confidence in the company's business strategy, as evidenced by a 264% increase in share price from US$0.71 to US$2.60 within a short period [1][2][3]. Company Overview - Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [6][7]. - The company is strategically positioned to benefit from the growing demand for carbon-free energy, with its uranium projects at various stages of exploration [7][8]. Market Context - The recent executive orders by President Trump on May 23, 2025, emphasize the strategic importance of nuclear energy, aiming to quadruple capacity to 400 GW by 2050, which is significantly higher than the current global uranium supply [4]. - Canada currently supplies approximately 25% of the uranium needed by the U.S., highlighting the importance of discovering additional reliable sources for future energy independence [4]. Strategic Partnerships - Foremost's collaboration with Denison Mines Corp. is a key competitive advantage, enabling the company to accelerate discovery and production timelines in the uranium sector [5][6]. - Denison is on track to start construction of Canada's first in-situ recovery uranium mine in 2026, which could further enhance Foremost's position in the market [5]. Future Outlook - The company anticipates significant opportunities in the uranium sector due to the expected unprecedented demand driven by the nuclear industry's transformation [4][5]. - Foremost aims to solidify its role in the North American nuclear renaissance through systematic exploration efforts and a commitment to delivering strong performance for shareholders [5][7].