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Star Copper Announces $3 Million Non-Brokered LIFE Offering
Accessnewswire· 2025-11-20 18:50
Core Viewpoint - Star Copper Corp. is planning a non-brokered private placement to raise up to C$3,000,000 through the sale of 3,000,000 units at a price of C$1.00 per unit [1] Group 1: Private Placement Details - The private placement aims to generate gross proceeds of up to C$3,000,000 [1] - The offering will consist of up to 3,000,000 units, with each unit priced at C$1.00 [1] - Each unit will include one common share and one common share purchase warrant [1]
VIZSLA SILVER ANNOUNCES PRICING OF US$250 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2025-11-20 06:05
Core Viewpoint - Vizsla Silver Corp. has announced the pricing of its offering of convertible senior unsecured notes amounting to US$250 million, expected to close around November 24, 2025, with an option for an additional US$50 million [1][3]. Summary by Sections Offering Details - The offering consists of convertible senior unsecured notes due in 2031, with a cash interest rate of 5.00% per annum, and an initial conversion rate of 171.3062 shares per US$1,000 principal amount, equating to a conversion price of approximately US$5.84 per share, representing a 25% premium over the last reported share price of US$4.67 [2][3]. Use of Proceeds - The estimated net proceeds from the offering are approximately US$239.4 million, or US$285.9 million if the option for additional notes is fully exercised. The proceeds will be used for exploration and development of the Panuco Project, potential acquisitions, and general corporate purposes, including a purchase price for capped call transactions of about US$39.6 million [3][6]. Capped Call Transactions - The company has entered into cash-settled capped call transactions to mitigate potential economic dilution from the conversion of the notes. The cap price for these transactions is set at US$10.5075 per share, a 125% premium over the last reported share price [4][5]. Market Impact - The capped call transactions may lead to various derivative transactions that could influence the market price of the shares or notes, potentially affecting the conversion process and the value received by noteholders [6][8]. Regulatory Compliance - The offering is subject to customary closing conditions, including necessary approvals from the Toronto Stock Exchange and NYSE American. The notes and shares will not be registered under the U.S. Securities Act and will only be offered to qualified institutional buyers [9][10]. Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, aiming to position itself as a leading silver company through a dual-track development approach [13].
Galway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
Globenewswire· 2025-11-19 22:56
Core Points - Galway Metals Inc. has entered into an agreement with Red Cloud Securities Inc. for a private placement aiming to raise up to C$10,000,000.55 through the sale of units and flow-through units [1][4] - The offering includes 3,703,704 units priced at C$0.54 each and 10,596,027 flow-through units priced at C$0.755 each [1][2] - The proceeds will be used for exploration of the Clarence Stream gold project and for general corporate purposes [4][5] Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one flow-through share and one-half of a warrant [2] - The warrants allow the holder to purchase one common share at C$0.80 within 36 months after the closing date [2] - An option is granted to Red Cloud to sell an additional C$1,500,000 in units and flow-through units prior to the closing [3] Regulatory and Closing Information - The offering is subject to regulatory approvals and is scheduled to close on December 10, 2025 [8] - The securities will be offered to purchasers in several Canadian provinces and may also be sold in offshore jurisdictions [6] Company Overview - Galway Metals is focused on advancing its 100%-owned Clarence Stream gold project in New Brunswick, which has a significant exploration potential [11] - The company also owns the Estrades project, a former high-grade polymetallic mine in Quebec [11] - The management team has a proven track record of creating shareholder value, having previously sold Galway Resources for US$340 million [11]
Lithium Stock PMET Resources Inc. (TSX: PMET) Makes TSX Top Gainers List
Investorideas.com· 2025-11-19 18:04
Lithium Stock PMET Resources Inc. (TSX: PMET) Makes TSX Top Gainers List Investorideas.com (www.investorideas.com Newswire) a top 100 rated investment site for retail investors following mining stocks issues a trading and news alert for PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA), pegmatite critical mineral exploration and development company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, C ...
NevGold Announces Closing of C$10M Brokered Private Placement Financing
Globenewswire· 2025-11-19 17:11
NOT FOR DISTRIBUTION TO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES Vancouver, British Columbia, Nov. 19, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has closed its previously-announced brokered private placement financing of units (the “Units”) for gross proceeds of $10,000,000 (the “Offering”). Each Unit, priced at $0.65 per Unit (the “Issue Price”), consists of one common share in the capital of the C ...
Northern Dynasty: Timelines for Summary Judgement Case Updated to Reflect 43-day Federal Shutdown
Accessnewswire· 2025-11-19 11:45
Core Viewpoint - Northern Dynasty Minerals Ltd. is resuming its lawsuit in Alaska Federal Court following a 43-day federal government shutdown, with new timelines established for the case proceedings [1][2][3] Group 1: Legal Proceedings - The plaintiffs, including the State of Alaska and Pebble Partnership, have filed their opening briefs, with the Department of Justice required to respond by February 16, 2026, an extension from the original January 2, 2026 deadline [2] - The plaintiffs will then have until April 15, 2026, to file their response to the DOJ's brief [2] - Northern Dynasty's CEO expressed concerns over the extended timeline, emphasizing the desire for government officials to withdraw the veto that is being contested [3] Group 2: Company Overview - Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada, with its primary asset being a 100% interest in 1,840 mineral claims in Southwest Alaska, including the Pebble deposit [4] - The Pebble Project is located 200 miles from Anchorage and 125 miles from Bristol Bay, and is being promoted by the Pebble Partnership [4]
Improved debt financing agreement
Globenewswire· 2025-11-19 07:00
Core Viewpoint - Amaroq Ltd. has successfully amended its debt financing agreement with Landsbankinn, extending the maturity and improving the terms, which enhances the company's financial flexibility and supports its growth strategy [2][3][4]. Debt Financing Agreement - The debt financing package has been extended by 14 months, from December 2026 to February 2028, with potential improved terms to 4.5% plus SOFR [3][6]. - The total commitment of the revolving credit facility with Landsbankinn is US $35.245 million, divided into three tranches: A, B, and C [4][6]. - Facility A is US $18.5 million and Facility B is US $10.245 million, both fully drawn with an initial margin of 9.5% per annum, reducing to 7.5% once Facility C becomes available [6]. Financial Terms and Conditions - Facility C, amounting to US $6.5 million, has a margin of 7.5% per annum and is accessible once the company's cumulative EBITDA exceeds CAD 6 million [6]. - Additional margin step-downs are introduced based on the last twelve months' EBITDA, with rates decreasing to 6.25% if LTM EBITDA exceeds CAD 25 million, 5.00% if it exceeds CAD 50 million, and 4.50% if it exceeds CAD 70 million [6]. Project Development - The Nalunaq project in South Greenland is advancing in its commissioning phase and is beginning to generate revenues, which will help unlock improved margins on the financing facility and lower operating costs [4].
NexMetals Announces Annual Equity Incentive Grants
Newsfile· 2025-11-18 12:00
Core Points - NexMetals Mining Corp. has granted annual equity incentive awards to directors, officers, employees, and consultants under its Omnibus Equity Incentive Plan [1][3] - The Board approved the grant of 332,512 restricted share units (RSUs), with 287,512 RSUs priced at $7.60 each, reflecting a 55% premium over the closing share price on November 17, 2025 [2] - An additional 45,000 RSUs were granted at a price of $8.80 each, representing a 79% premium to the closing share price [2] - The company also granted 46,600 deferred share units (DSUs) to directors at a price of $7.60 each, which will be payable in cash [3] - The equity incentive grants aim to align the interests of stakeholders with those of shareholders and support long-term retention and performance objectives [3] Company Overview - NexMetals Mining Corp. focuses on the redevelopment of previously producing copper, nickel, and cobalt resource mines in Botswana [5] - The company emphasizes governance through transparent accountability and open communication [6] - The team at NexMetals has extensive experience in mine discovery and development, with senior members averaging over 20 years in geology, engineering, operations, and project development [6]
NexMetals Welcomes Condire As a New 9.9% Shareholder and Announces Closing of $80 Million Public Offering
Newsfile· 2025-11-17 15:36
Core Points - NexMetals Mining Corp. successfully closed a public offering of units, raising gross proceeds of C$80 million at a price of C$5.70 per unit [1][4] - Condire Investors, LLC became a new shareholder with a 9.9% stake in the company following the offering [3] - The net proceeds will be used for prepayment of a milestone payment under an Asset Purchase Agreement for the Selebi and Selkirk mines, exploration activities in Botswana, and general corporate purposes [4][5] Offering Details - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$8.00 until November 17, 2027 [2] - EdgePoint Investment Group participated in the offering, acquiring 1,578,500 units for approximately C$9 million, increasing their stake to about 17.6% [3] - The offering included a cash commission of 6.0% of gross proceeds, totaling C$4,512,017 [5] Future Plans - The company plans to use the funds to secure title to the Selebi and Selkirk assets and accelerate growth and project derisking [5] - The offering is subject to final approval from the TSX Venture Exchange, with conditional approval for the listing of warrants [7] Insider Participation - Insiders subscribed for a total of 1,695,000 units, which is considered a related party transaction [8] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation not exceeding 25% of the company's market capitalization [8]
PMET Resources Files NI 43-101 Technical Report on the CV5 Lithium-Only Feasibility Study on its Shaakichiuwaanaan Project
Prnewswire· 2025-11-15 01:47
Core Viewpoint - PMET Resources Inc. has filed a technical report on its lithium-only feasibility study for the CV5 Pegmatite at the Shaakichiuwaanaan Project, indicating a positive outlook for a large-scale mining operation [1][5]. Group 1: Technical Report Details - The technical report, titled "CV5 Pegmatite Lithium-Only Feasibility Study NI 43-101 Technical Report," was prepared in accordance with National Instrument 43-101 and issued on November 14, 2025, with an effective date of October 20, 2025 [1][2]. - The report is available on SEDAR+ and will also be accessible on the company's website, encouraging readers to review it in its entirety [3]. Group 2: Project Overview - The Shaakichiuwaanaan Property is a 100%-owned pegmatite critical mineral exploration and development project located in Quebec, Canada, with year-round accessibility and proximity to hydro-power infrastructure [4]. - The feasibility study has declared a maiden mineral reserve of 84.3 million tonnes (Mt) at 1.26% Li2O (Probable), targeting up to approximately 800,000 tonnes per annum (ktpa) of spodumene concentrate using a Dense Media Separation process [5][6]. Group 3: Mineral Resource Estimates - The project hosts a consolidated mineral resource totaling 108.0 Mt at 1.40% Li2O and 166 parts per million (ppm) Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), ranking as the largest lithium pegmatite resource in the Americas and among the top ten globally [7][12]. - Additionally, the project contains the world's largest pollucite-hosted caesium pegmatite mineral resource, with 0.69 Mt at 4.40% Cs2O (Indicated) and 1.70 Mt at 2.40% Cs2O (Inferred) [7].