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Barksdale Announces $930,000 Private Placement
TMX Newsfile· 2026-02-11 05:41
Company Overview - Barksdale Resources Corp. aims to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [6] - The company focuses on metals essential to the global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [6] Investment and Financing - Barksdale plans to raise $932,585 through a private placement by Crescat Capital LLC, consisting of 8,478,049 common share units at a price of $0.11 per unit [2][3] - Each unit will include one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.15 for two years following the offering [3] - The proceeds from this offering will be used to fund the company's drilling program at the Sunnyside project [3] Crescat Capital LLC - Crescat is a value-driven asset management firm with a focus on helping exploration-focused mining companies create new economic metal deposits [5] - The firm employs a mix of asset classes and strategies, including Global Macro, Long/Short, and Precious Metals funds, to meet clients' unique needs [5] Cash Equalization Payment - The company will issue a cash equalization payment of $0.02 per unit to Crescat, totaling $169,561 [4]
Trapper target emerges as Saga’s top titanium-vanadium plot in Labrador
MINING.COM· 2026-01-06 00:48
Core Insights - Saga Metals has reported high-grade results from initial drilling at its Radar iron-titanium-vanadium project in Labrador, indicating that its Trapper target may rival the nearby Hawkeye zone [1][3]. Company Summary - Saga Metals is one of the few exploration companies in Canada focusing on critical metals such as titanium and vanadium, with no existing vanadium mines in the country [3]. - The company has raised approximately $6 million to support its drilling activities at the Trapper site [7]. Drilling Results - Highlight hole R-0009 returned 296 metres grading 39.75% iron oxide, 7.46% titanium oxide (TiO₂), and 0.25% vanadium oxide (V₂O₅) from a depth of 2.5 metres, including 63 metres at 44% iron oxide, 9% TiO₂, and 0.25% V₂O₅ [2][6]. - Another significant hole, R-0008, yielded 269.36 metres at 36.21% iron oxide, 6.57% TiO₂, and 0.244% V₂O₅ from 3.4 metres depth, with notable sections grading 45.63% iron oxide and 8.4% TiO₂ [6]. - The iron grades from the Trapper results are reported to be 124% higher than the best hole assays at Hawkeye, with titanium grades 105% higher and vanadium content 37% higher [6]. Market Context - The demand for titanium in the aerospace sector is projected to reach 1.6 million tonnes by 2044, with significant supply controlled by Russia and China [4]. - Saga's ongoing 15,000-metre drilling program at Trapper aims to support an indicated resource estimate to be released later this year [4]. Stock Performance - Following the announcement of drilling results, Saga's shares increased by 15% to C$0.59, valuing the company at C$41.9 million, with a 12-month trading range of C$0.20 to C$0.66 [5].
Metal Source Mining Announces $1.02 Million Private Placement with Eric Sprott and Provides Exploration Update
TMX Newsfile· 2025-12-24 19:28
Core Viewpoint - Metal Source Mining Inc. has announced a non-brokered private placement financing of 3,400,000 units at a price of $0.30 per unit, resulting in gross proceeds of $1,020,000 [1][2]. Financing Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.40 for two years [2]. - The sole investor in this offering is Eric Sprott, who will acquire all 3,400,000 units for a total of $1,020,000 [2]. Regulatory and Closing Information - All securities issued will be subject to statutory hold periods under Canadian securities laws, and the offering is expected to close on or before December 31, 2025, pending necessary regulatory approvals [3]. Exploration Update - The company is currently drilling at the Silver Hill Project, with Hole 4 completed and additional drill holes planned as part of the ongoing exploration phase [4]. - Further updates will be provided as drilling progresses and analytical results are available [4]. Company Overview - Metal Source Mining Inc. is a Canadian exploration company focused on acquiring, exploring, and developing high-quality precious and base metal projects in mining-friendly jurisdictions [5].
Viridian Releases Initial 2025 Drill Results Confirming Shallow, Continuous Sulphide Mineralization at Kraken
Globenewswire· 2025-12-10 13:00
Core Insights - Viridian Metals Inc. has reported initial assay results from its 2025 drilling program at the Kraken Main Zone, confirming continuous near-surface sulphide mineralization across 80 meters of strike, with additional assays pending from 360 meters of drilled strike [1][10] - The drilling results indicate several holes with over 20-meter mineralized intervals, including high-grade copper zones, reinforcing Kraken as one of the shallowest and most extensive magmatic sulphide systems in Canada [1][5] Drilling Results - The initial five drill holes have confirmed continuity over more than 600 meters of trend, with the mineralized unit extending at least 5 kilometers based on geophysical signatures [3][5] - Specific drill hole results include VKS25-024 with 24.05 meters at 0.77% CuEq and VKS25-026 with 20.25 meters at 0.64% CuEq, showcasing significant mineralization [4][7] Mineralization Characteristics - The sulphide mineralization shows consistent characteristics, with sulfur analyses indicating approximately 5–30% sulphides, and some intervals reaching up to 66% sulphides, which is unusual for Canadian magmatic sulphide systems [5][6] - The mineralized drill holes are spaced along a more than 5-kilometer EM-defined trend, highlighting the potential significance of the Kraken discovery [5] Future Plans - Viridian is planning an expanded 2026 drilling program to continue step-outs along the 5-kilometer anomaly and test newly identified structural splays for potential sulphide accumulation [11] - Assays for the additional 360 meters of drilled strike are pending, with expectations for continued positive results as the broader mineralized horizon is evaluated [10][11] Company Overview - Viridian Metals is focused on generative metal exploration with an emphasis on environmental responsibility and ethical practices, primarily targeting copper, nickel, and cobalt [18]
Viridian Metals Announces Closing of First Tranche of Financing and Short Form Vertical Amalgamation
Globenewswire· 2025-12-02 21:46
Core Viewpoint - Viridian Metals Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $591,543.68 through the issuance of flow-through shares and hard dollar units, driven by investor demand rather than capital need [1][2]. Group 1: Private Placement Details - The first tranche included the issuance of 955,671 common shares, with 296,672 designated as flow-through shares priced at $0.75 each, and 658,999 hard dollar units priced at $0.56 each [3][8]. - The company paid a finder's fee of $21,840.28, which is 7% of the proceeds raised from subscribers introduced by finders, and issued 32,667 finder warrants, each exercisable at $0.75 until December 2, 2027 [2][3]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses related to the company's Labrador mining projects, specifically for surface geochemistry, geophysics, and drill targeting [4]. - Funds raised from the hard dollar units will be utilized for general working capital and corporate purposes [4]. Group 3: Amalgamation - The company has completed a vertical short-form amalgamation with its wholly-owned subsidiary, Viridian Metals Corp., effective December 1, 2025, to streamline financial and regulatory reporting and reduce administrative costs [6][7]. - No securities were issued in connection with the amalgamation, and the company's share capital remains unchanged, retaining the name "Viridian Metals Inc." [7][9]. Group 4: Finder Warrants Correction - The company corrected the issuance of finder warrants related to a previous private placement, increasing the total from 29,167 to 58,334 finder warrants, with an extended expiry date of June 4, 2028 [11][14]. Group 5: Company Overview - Viridian Metals is focused on generative metal exploration with an emphasis on environmental responsibility and ethical practices, primarily targeting critical metals such as copper, nickel, and cobalt [15].
Metal Energy Completes Phase 1 Requirements for NIV Property Option Agreement
Newsfile· 2025-11-26 21:00
Core Viewpoint - Metal Energy Corp. has successfully completed the first phase of its option agreement for the NIV and West NIV exploration properties, moving closer to drilling in the Toodoggone District of British Columbia [1][2]. Group 1: Option Agreement Details - The Option Agreement allows Metal Energy to earn an 80% undivided interest in the NIV and West NIV properties, with a right of first refusal for the remaining 20% [3]. - The company has issued 862,708 common shares to the optionor and made cash payments totaling $300,000 as part of the first phase of the agreement [4]. Group 2: Project Characteristics - The NIV project is a fully permitted, drill-ready copper-gold-molybdenum project located in a region known for significant porphyry deposits, featuring extensive geochemical and geophysical anomalies [3][5]. - With the addition of the NIV project, Metal Energy's portfolio now includes three high-potential projects, enhancing its focus on critical metals exploration in Canada [5][8].
CORRECTION FROM SOURCE: Supreme Critical Metals Issues Correction to Private Placements News Release
Newsfile· 2025-11-26 19:53
Core Viewpoint - Supreme Critical Metals Inc. issued a correction regarding the exercise price of Warrants in its private placement announcement, clarifying that the correct price is $0.21 per common share, not $0.021 [1][2]. Company Overview - Supreme Critical Metals Inc. is a publicly traded exploration company focused on a diverse portfolio of high-potential properties in silver, copper, uranium, and gold across North America [3]. - The company employs a disciplined, data-driven acquisition strategy targeting mining-friendly jurisdictions with established infrastructure and supportive regulatory frameworks [3]. Offering Details - The Non-Flow-Through Unit financing allows each Warrant to purchase one additional common share at a price of $0.21 for a period of 24 months from issuance [2]. - No other terms of the Offering have been amended, and all other information from the original news release remains accurate [2]. Additional Information - More information about Supreme Critical Metals can be found on the company's official website [4].
Guardian Metal Resources PLC Announces Exercise of Options Warrants
Accessnewswire· 2025-11-14 18:50
Core Viewpoint - Guardian Metal Resources plc has announced the exercise of options for 100,000 new ordinary shares, raising £14,000 for the company [1] Group 1: Company Actions - The company received a notice to exercise options over a total of 100,000 new ordinary shares at an exercise price of 0.14p per share [1] - The funds raised from this exercise amount to £14,000 [1] Group 2: Admission and Trading - Application will be made for the 100,000 new shares to be admitted to trading on AIM [1] - The expected date for admission is around 20 November 2025 [1]
New Strong Buy Stocks for Oct. 22: XPL, UVE and More
ZACKS· 2025-10-22 11:51
Group 1: Stock Highlights - Solitario Resources Corp. (XPL) has seen a 33.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - CTO Realty Growth, Inc. (CTO) has experienced a 4.4% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [1] - Maximus, Inc. (MMS) has had a 6.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Gold Fields Limited (GFI) has seen a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Universal Insurance Holdings, Inc. (UVE) has experienced a significant 63.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]
Hercules Metals Closes C$17 Million Financing
Newsfile· 2025-08-14 12:59
Core Viewpoint - Hercules Metals Corp. has successfully closed a brokered private placement, raising C$17,251,150 through the sale of 24,644,500 common shares at C$0.70 per share, with the offering fully subscribed and the Agents' option exercised in full [1] Group 1: Offering Details - The private placement was conducted under the Listed Issuer Financing Exemption, allowing sales in Canada (excluding Quebec) and the U.S. without a statutory hold period [2] - The Agents received a cash commission of 6.0% on gross proceeds, with a reduced commission of 3.0% for certain purchasers on a "president's list" [3] Group 2: Related Party Transaction - A director of the Company participated in the Offering, purchasing 71,400 shares for C$49,980, which is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [4] Group 3: Use of Proceeds - The net proceeds from the Offering will be utilized for exploration and development of the Hercules property in Idaho and for general working capital purposes [5] Group 4: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with its 100% owned Hercules Property hosting the newly discovered Leviathan porphyry copper system [8][9] - The Company aims for growth through continued drilling and has received strategic investment support from Barrick Mining Corporation [9][10]