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VanadiumCorp Resource Closes Second Tranche of Financing
Thenewswire· 2025-08-25 22:30
Core Viewpoint - VanadiumCorp Resource Inc. has successfully closed a second tranche of its private placement financing, raising a total of $166,100 through the issuance of 1,510,000 units at $0.11 each, with plans to complete the financing by September 12, 2025 [1][2]. Financing Details - The financing consists of up to 4,545,455 units, each unit comprising one common share and one common share purchase warrant, with the warrants exercisable at $0.15 for two years from the date of issue [2]. - The second tranche includes two insiders subscribing for 960,000 units, totaling $105,600, qualifying as a related party transaction under MI 61-101 [3]. - The company is relying on exemptions from formal valuation requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [3]. Regulatory and Use of Proceeds - The financing is subject to final Exchange approval, and all securities issued will be under a four-month hold from the date of issue [4]. - Proceeds from the financing will be allocated for working capital and general corporate purposes [4]. Company Overview - VanadiumCorp is a Canadian critical metals exploration company that owns 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property [6]. - The company is advancing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects, aiming for a stable, long-term supply of critical metal deposits [6]. - The initial electrolyte facility in Val-des-Sources, Quebec, will evaluate output quality and facilitate initial electrolyte production, with plans to expand production for the international market, particularly for long-duration Vanadium Flow Batteries [6].
Metalero Closes Oversubscribed Private Placement
Newsfile· 2025-08-25 20:05
Core Viewpoint - Metalero Mining Corp. has successfully completed a non-brokered private placement, raising gross proceeds of $919,501 through the issuance of 7,662,509 units at a price of $0.12 per unit, which will be used to advance exploration at its Benson Project and for general working capital [1][2]. Group 1: Offering Details - The Offering raised a total of $919,501 through the issuance of 7,662,509 units, with each unit priced at $0.12 [1]. - Each unit consists of one common share and one share purchase warrant, with warrants exercisable for two years at prices of $0.25 for the first year and $0.35 for the second year [1]. - Metalero paid $25,862 in cash and issued 215,520 finder's warrants to eligible finders for certain units sold [3]. Group 2: Insider Participation - Insiders of Metalero acquired a total of 2,019,583 units in the Offering, which is considered a related party transaction [4]. - The Company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the subscription does not exceed 25% of the market capitalization [4]. Group 3: Use of Proceeds - Proceeds from the Offering will be allocated to advance exploration at the Benson Project, including follow-up work based on recent soil sampling and geophysical surveys [2]. - Additional funds will be directed towards general working capital [2]. Group 4: Benson Project Overview - The Benson Project is located in central British Columbia and is accessible via Highway 26 and logging roads, facilitating capital-efficient exploration [6]. - The project covers five target areas identified through AI analysis, which revealed high potential anomalies similar to known porphyry deposits [6]. - Historical exploration has identified gold and copper surface geochemical anomalies, with previous drilling intersecting skarn and epithermal gold and silver mineralization [6]. Group 5: Company Background - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects in North America, with its flagship Benson Project covering 166 square kilometers [7]. - The company also has drill-ready properties in Nevada available for sale or option [7]. - Metalero is part of the Metals Group of Companies, emphasizing technical excellence and strong corporate governance [8].
Walker Lane Resources Ltd. Announces Closing of Private Placement
Globenewswire· 2025-07-24 08:01
Core Viewpoint - Walker Lane Resources Ltd. has successfully closed a non-brokered private placement, raising a total of $386,000 through the issuance of non-flow through and flow-through units [1][2]. Group 1: Private Placement Details - The company issued 2,508,335 non-flow through units (NFT Units) at a price of $0.12 each, generating gross proceeds of $301,000 [1]. - Additionally, 607,143 flow-through units (FT Units) were issued at a price of $0.14 each, raising gross proceeds of $85,000 [1]. - Each NFT Unit and FT Unit consists of one common share and one common share purchase warrant, with warrants exercisable for two years at $0.16 per common share [1]. Group 2: Insider Participation - An insider subscribed for a total of 1,178,571 units, including 750,000 NFT Units and 428,571 FT Units, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [2]. - The company utilized exemptions from valuation requirements and minority approval due to the insider's participation not exceeding 25% of the company's market capitalization [2]. Group 3: Use of Proceeds - Proceeds from the sale of FT Units will be allocated to Canadian exploration expenses and flow-through mining expenditures, particularly for exploration at the Amy and Silver Hart Properties in the Rancheria Silver District [3]. - The net proceeds from NFT Units will be used for properties in Nevada, including Tule Canyon, Cambridge, and Silver Mountain, as well as for general working capital [3]. - Both FT and NFT Units are subject to a four-month hold period [3]. Group 4: Company Overview - Walker Lane Resources Ltd. is focused on exploring high-grade gold, silver, and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. [4]. - The company plans to initiate exploration programs to advance the Tule Canyon and Amy projects to the resource definition stage through upcoming drilling campaigns [4][5].
Enduro Metals Commences 2025 Field Program at the Newmont Lake Project in the Golden Triangle of Northwest British Columbia
Newsfile· 2025-07-23 11:30
Core Viewpoint - Enduro Metals Corporation has initiated its 2025 exploration program at the Newmont Lake project, focusing on defining key targets and preparing for a potential drill campaign [1][3]. Project Overview - The Newmont Lake Project spans 688 km² and is one of the largest contiguous claim packages in British Columbia's Golden Triangle, strategically located near significant copper-gold development projects [4][17]. - The project has shifted focus from high-grade gold deposits to copper-gold porphyry exploration, highlighted by the discovery of the Burgundy Ridge porphyry system in 2021 [4][17]. Exploration Program Details - The 2025 phase 1 exploration program includes: - 2,120 line-kilometers of airborne magnetic surveying using a Heli-GT system at 100-meter line spacing [6][8]. - 20 kilometers of ground induced polarization (IP) surveying at the Andrei target [6][8]. - Extensive geological mapping, rock, and soil sampling [6][8]. - The exploration is particularly focused on the Andrei and Twin targets, with the aim of better defining these systems [3][8]. Target Specifics - The Andrei target is a low-elevation porphyry Cu-Au target with a 2.5 km trend of mineralization, showing peak results of 4.08% Cu and 57.83 g/t Au from recent sampling [11][12]. - The Twin target is a 7 km extension of the Bronson Trend, which is associated with other significant deposits in the area, and will involve airborne magnetic surveying and groundwork [13][15]. Historical Context - Historic exploration on the Newmont Lake property has primarily targeted high-grade gold deposits since the 1980s, with recent efforts focusing on porphyry systems [4][7]. - The current work program builds on legacy data and includes a newly acquired property-wide airborne hyperspectral survey to enhance exploration efforts [7][8].
Pampa Metals Closes Upsized $6m LIFE Offering
Thenewswire· 2025-07-15 11:30
Core Points - Pampa Metals Corp. has issued 38,250,000 shares at $0.16 per share, raising gross proceeds of $6,120,000 under the LIFE Offering [1][2] - The net proceeds will be used for exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the Piuquenes copper-gold discovery in Argentina, and general corporate purposes [2] - The acquisition of Rugby Resources Ltd. is expected to be completed shortly after the special meeting of Rugby shareholders on July 16, 2025 [3] Financial Details - The company paid aggregate finder's fees of $179,950 and issued 1,388,756 finder's warrants and 264,063 finder's shares in connection with the Private Placement [4] - Canaccord Genuity Corp. served as the financial advisor and will receive an advisory fee of $61,200, which is 1% of the total gross proceeds raised [4] Company Background - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [6] - The company has entered into an Option and Joint Venture Agreement for an 80% interest in the Piuquenes Copper-Gold Porphyry Project in Argentina and an agreement to acquire 100% of Rugby Resources Ltd., which will give it an 80% interest in the Cobrasco Project in Colombia [6]
Carlton Signs Community Agreement for Esquilache Silver Project and Provides Update on Non-Brokered Private Placement
Globenewswire· 2025-07-14 18:56
Group 1 - Carlton Precious Inc. has signed a Community Agreement with the local community of San Antonio de Esquilache in Southern Peru, facilitating further exploration and expediting drilling permits at the Esquilache Silver project [1] - The company plans to implement a drilling program consisting of up to 40 drill holes from no more than 20 platforms to expand the known silver-lead-zinc mineralization at Esquilache, with the initial phase expected to start in fall 2025 [1] Group 2 - The company clarified details regarding its non-brokered private placement, which involved cash commissions totaling $53,799.30 and the issuance of 598,102 finder's warrants, allowing the purchase of common shares at $0.09 each for 24 months [2] - Insiders subscribed for a total of 2,553,389 units in the private placement, which is classified as a related party transaction under TSX Venture Exchange Policy 5.9 and MI 61-101 [2]
VanadiumCorp Closes First Tranche of Financing
Thenewswire· 2025-07-11 21:10
Core Viewpoint - VanadiumCorp Resource Inc. has received conditional approval for a non-brokered private placement financing of up to $500,000 from the TSX Venture Exchange [1][3] Financing Details - The financing consists of up to 4,545,455 units priced at $0.11 each, with each unit comprising one common share and one common share purchase warrant [2] - Each warrant is exercisable for an additional common share at $0.15 for a period of two years from the date of issue [2] - The first tranche of the financing has been closed, issuing 1,590,909 units for total gross proceeds of $174,999.99 [3] - The financing is subject to final approval from the Exchange, and all securities issued will be under a four-month hold from the date of issue [3] - Proceeds from the financing will be used for working capital and general corporate purposes [3] Company Overview - VanadiumCorp is a Canadian critical metals exploration company that owns 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property [5] - The company is advancing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects [5] - Successful implementation of these technologies is expected to ensure a stable, long-term supply of critical metal deposits, including vanadium feedstock for electrolyte production [5] - The initial electrolyte facility located in Val-des-Sources, Quebec, will evaluate output quality and facilitate initial electrolyte production [5] - The company plans to expand electrolyte production for the international market, specifically for long-duration Vanadium Flow Batteries (VRBs) [5]
Carlton Announces Results of Annual and Special Meeting of Shareholders
Globenewswire· 2025-07-07 11:00
TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) ("Carlton" or the "Company") is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held July 3, 2025. A total of 28,620,194 common shares of the Company were represented at the Meeting, representing approximately 42% of the total number of common shares of the Company issued and outstanding. All matters presented for approval at the Meeting were duly authorized and appr ...
Pampa Metals Upsizes LIFE Offering to $6m
Thenewswire· 2025-07-04 13:25
Core Viewpoint - Pampa Metals Corp. has increased its non-brokered private placement offering to 37,500,000 shares at a price of $0.16 per share, aiming to raise gross proceeds of $6,000,000 to fund exploration and general corporate purposes [1][4]. Group 1: Offering Details - The offering has been upsized to meet demand from specialist resources funds and is being conducted under the Listed Issuer Financing Exemption in Canada, excluding Quebec [2]. - An amended offering document will be available on SEDAR+ and the company's website for prospective investors to review before making investment decisions [3]. - The offering is not contingent upon the completion of the acquisition of Rugby Resources Ltd. and is subject to customary conditions for such transactions [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the Piuquenes copper-gold discovery in Argentina, and general corporate purposes [4]. Group 3: Acquisition of Rugby Resources Ltd. - The acquisition of Rugby Resources Ltd. is expected to be completed shortly after a special meeting of Rugby shareholders on July 16, 2025, to approve the acquisition plan [5]. Group 4: Financial Advisory and Fees - Canaccord Genuity Corp. has been appointed as the financial advisor for the offering and will receive a fee of 1% of the total gross proceeds raised [6]. - The company may also pay finder's fees of up to 5% in cash and 5% in finder's warrants, with warrants having an exercise price of $0.30 and a 2-year term [6]. Group 5: Company Overview - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges, with significant interests in projects in Argentina and Colombia [9].
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-19 19:55
Core Viewpoint - Goldstorm Metals Corp. is increasing its previously announced private placement financing to approximately $2.1 million due to strong investor demand [2]. Group 1: Offering Details - The Offering will consist of up to 15,441,483 non-flow-through units (NFT Units) priced at $0.07 each, generating gross proceeds of approximately $1,080,903.81 [2]. - Additionally, the Offering will include up to 10,071,428 flow-through units (Charity FT Units) priced at $0.1008 each, expected to raise about $1,015,199.94 [2]. - Each NFT Unit includes one common share and one-half of a warrant, while each Charity FT Unit consists of one common share and one-half of a warrant [3]. Group 2: Use of Proceeds - Net proceeds from the NFT Units will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the Charity FT Units will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures [5]. Group 3: Offering Timeline and Conditions - The closing of the Offering is anticipated around June 26, 2025 [6]. - All securities issued will be subject to a statutory four-month hold period and require regulatory approval, including from the TSXV [7]. Group 4: Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in British Columbia's Golden Triangle, known for high-grade gold deposits [9]. - The company's flagship projects, Crown and Electrum, cover approximately 16,469 hectares across six concessions, with strategic proximity to major gold deposits [9].