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Scandium Canada Announces a Private Placement of $500,000
Thenewswire· 2025-08-29 20:30
Core Viewpoint - Scandium Canada Ltd. plans to complete a non-brokered private placement to raise $500,000 through the issuance of 20,000,000 units at a price of $0.025 per unit, each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of 20,000,000 units priced at $0.025 each, with each unit including one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.05 for a period of 24 months from issuance [1]. - The net proceeds will primarily be used for general corporate working capital, with no specific use exceeding 10% of the gross proceeds [2]. Group 2: Regulatory and Compliance Information - The securities issued will be subject to a hold period of four months and one day under Canadian securities laws and the policies of the TSX Venture Exchange [3]. - The offering is subject to the approval of the TSX Venture Exchange, with the closing expected around September 5, 2025 [3]. Group 3: Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development of aluminum-scandium (Al-Sc) alloys [5]. - The company is leveraging its Crater Lake mining project to meet the increasing demand for high-performance materials that are lighter and more environmentally friendly [5].
Nova Pacific Reports Best Drill Results to Date, Including 5.1 g/t AuEq Over 11 m
Newsfile· 2025-08-26 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported promising assay results from its Phase 1 exploration drilling campaign at the Coronation area of the Lara VMS Project, indicating strong potential for mineral resource expansion and validation of the exploration model [1][3][4]. Summary of Drill Results - The Phase 1 drill program has completed 36 holes, with results from 23 holes (5,435 meters) reported and 10 holes (3,225 meters) pending [4]. - Assay results validate the exploration model and are generally consistent with or better than historical drilling data, providing support for the historical dataset verification [5]. - Notable drillhole NP25-014 returned 11 meters grading 5.1 g/t AuEq, including 1 meter grading 20.5 g/t AuEq, marking it as the strongest intercept to date [6][7]. Upcoming Plans - The company is advancing towards a mineral resource estimate targeted for Q4 2025, with ongoing drilling and assay results expected to contribute to this estimate [4][12]. - Additional exploration is planned across six other mineralized zones within the 17-kilometer VMS belt, which remains largely untested [14][15]. Technical and Quality Control - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring high standards of quality assurance and control [16]. - The company employs certified reference materials and duplicates to monitor analytical accuracy, adhering to industry standards [16]. Company Overview - Nova Pacific Metals Corp. is focused on advancing the Lara VMS Project, which is strategically located near key infrastructure and enriched with critical and precious metals [20]. - The company aims to create shareholder value while maintaining environmental responsibility and strong community relationships [20].
Canadian North Resources Inc. Reports Operational and Financial Results for the Second Quarter Ended June 30, 2025
GlobeNewswire News Room· 2025-08-20 22:52
Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].
Canadian North Resources Inc. Reports Operational and Financial Results for the Second Quarter Ended June 30, 2025
Globenewswire· 2025-08-20 22:52
Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].
Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack Mine
Newsfile· 2025-08-19 11:00
Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack Mine August 19, 2025 7:00 AM EDT | Source: Magna Mining Inc. Sudbury, Ontario--(Newsfile Corp. - August 19, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on exploration activities and assay results from the ongoing exploration at the Levack Mine (Figure 1). Results include the initial assays from the near surf ...
Visible Copper Mineralization in Drill Core and Rock Samples Up to 26% Copper and 5.73 Grams Per Tonne Gold at Yukon Metals’ AZ Property
Globenewswire· 2025-08-07 11:00
VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) ("Yukon Metals" or the "Company") is pleased to provide an update from its inaugural drill program at the 100%-owned 13,100-hectare AZ Project located approximately 6 kilometres west of the Alaska Highway and 36 kilometres south of the community of Beaver Creek, Yukon. Drilling and surface work completed in June and July appear to confirm the presence of a large-scale copper-bearing system a ...
Thunder Mountain Gold Launches Phase II Field Exploration at South Mountain Project, Idaho
Newsfile· 2025-08-06 12:01
Core Viewpoint - Thunder Mountain Gold Inc. has initiated Phase II field exploration at the South Mountain Project in Idaho, focusing on deeper porphyry systems and expanding known mineralization [1][7]. Exploration Program Details - The Phase II program incorporates advanced geophysical tools, particularly a Magnetotelluric (MT) survey, to identify conductive anomalies that may indicate porphyry copper-molybdenum systems beneath high-grade zones [2][3]. - The exploration will also include the extension and refinement of Induced Polarization (IP) surveys, porphyry-focused mapping, sampling programs, and structural geological studies to enhance drill targeting and geological models [3]. Technical Team - The exploration is led by a multi-disciplinary technical team with significant experience, including John Reynolds, Rich Leveille, and Dr. Stephen J. Reynolds, who have notable achievements in geophysical discoveries and exploration initiatives [5][6][13]. Project Background - The South Mountain Project is a polymetallic development site containing high-grade zinc, silver, gold, and copper, located approximately 70 miles southwest of Boise, Idaho. The project has seen historical mining activity and has undergone significant investment and rehabilitation since Thunder Mountain Gold acquired it [10][11]. Next Steps - The MT and IP surveys are scheduled to continue through late summer 2025, with data interpretation and 3D modeling expected in Q4 2025. Drill target prioritization is in progress for a potential drilling program in late 2025 or early 2026 [8].
Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine
Newsfile· 2025-07-29 15:35
Core Viewpoint - IMPACT Silver Corp. has announced promising results from its initial underground drill program in the Santo Domingo Zone at the Plomosas zinc (lead-silver) Mine, indicating high-grade mineralization and potential for increased production [1][6]. Drilling Results - The initial drill results from the Santo Domingo Zone include significant intersections, such as: - UGSD 2501: 3.50m interval with 7.64% ZnEq, including 1.50m at 14.66% ZnEq - UGSD 2502: 12.09m interval with 5.97% ZnEq, including 4.59m at 11.25% ZnEq and a notable 0.62m at 34.78% ZnEq - UGSD 2504: 1.12m interval with 23.56% ZnEq - UGSD 2505: 3.42m interval with 18.03% ZnEq, including 0.96m at 23.70% ZnEq [2][3]. Geological Context - The Plomosas mine is characterized by zinc-rich Carbonate Replacement zones across three bedrock units, with ongoing exploration in the Santo Domingo Zone, which remains open for further drilling [7][3]. Company Strategy - The CEO emphasized that the discovery of high-grade mineralization in the Santo Domingo Zone enhances the potential of the Plomosas Mine, which was not previously included in mining plans. The proximity to active mine workings allows for quick integration into production [6][1]. Exploration Potential - The Plomosas mine has exceptional exploration upside, with ongoing drilling aimed at defining additional resources across multiple zones. The mine is part of a larger structure with significant exploration targets, including untested copper-gold areas [11][7].
Maronan Metals (MMA) Conference Transcript
2025-07-23 06:00
Summary of Moronan Metals Conference Call Company Overview - Moronan Metals is focused on lead-silver and copper-gold resources located in Queensland, Australia, specifically in the Northwest Minerals Province, which is known for its rich mineral deposits [1][4]. Key Resources - The company has two significant resources on its exploration tenement: - Lead-silver resource: 33 million tonnes at 6% lead and 108 grams per tonne silver - Copper-gold resource: 32 million tonnes at 0.85% copper and 0.63 grams per tonne gold [1][2]. Market Position - Moronan Metals has a market capitalization of approximately $47 million with over 200 million shares outstanding. The largest shareholder is Red Metal, holding around 44% of shares [3]. Geological Significance - The Northwest Minerals Province is highlighted as a major area for lead, zinc, and silver deposits, with 80% of Australia's economically constrained deposits located there [4]. - The lead-silver resource has a strike length of about 1 kilometer and extends to at least 1,200 meters in depth, with mineralized widths ranging from 4 to 20 meters [6]. Exploration and Development Plans - A scoping study is underway, expected to be released later this quarter, focusing on a "starter zone" containing over 12 million tonnes of lead-silver resource [7][10]. - The company has conducted an additional 10,000 meters of drilling, increasing the indicated resource to 5.3 million tonnes [7]. - An application for a mineral development license has been lodged to allow for underground exploration and bulk sampling [8][12]. Infrastructure and Logistics - The project is strategically located near existing infrastructure, including a sealed highway and rail siding, facilitating potential processing and transportation [5]. - There is significant existing processing capacity in the North Queensland district, with unused capacities at local mills [5]. Environmental and Regulatory Considerations - The company is advancing its environmental approval studies, including assessments of flora, fauna, and water resources [10]. - The exploration decline project is expected to take around 12 months to complete, allowing for year-round drilling [9]. Future Outlook - The scoping study will evaluate various mining scenarios, including long hole stoping and transverse stoping, and will provide guidance for progression to a Pre-Feasibility Study (PFS) and mining license application [11]. - The management team expresses confidence in the project's potential, citing the quality of the deposit and the experience of the team [12][13].
Nova Pacific Drills 11 m @ 1.8 g/t AuEq at Lara VMS Project on Vancouver Island, B.C. with 29 Holes Pending
Newsfile· 2025-07-15 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported positive early results from its exploration drilling campaign at the Coronation area of the Lara VMS Project, indicating potential expansion of mineralization and alignment with the company's exploration model [1][3]. Group 1: Exploration Results - The company has completed 41 drill holes totaling 8,660 meters in its Phase 1 drill program, with results from 7 holes reported and 29 remaining [4][7]. - Drillhole NP25-005 intersected significant mineralization, including 11 meters grading 1.8 g/t AuEq and 4.3% ZnEq from 135 meters downhole [7][26]. - The results from the reported drillholes support the exploration model and are consistent with historical drilling data, providing validation for the historical dataset [11][13]. Group 2: Future Plans - Nova Pacific is targeting a current mineral resource estimate for Q4 2025, based on the verification of historical drilling data through its Phase 1 exploration program [13][21]. - The company is also evaluating additional high-priority targets within the 17-kilometer VMS belt on Vancouver Island, which remains underexplored despite favorable geology [14][15]. Group 3: Technical and Quality Assurance - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring adherence to industry-standard quality assurance and quality control practices [17]. - The company has engaged Mineit Consulting Inc. to prepare an updated technical report for the Lara Project, under the supervision of qualified professionals [13][18].