Mineral Exploration and Mining

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Battery Mineral Announces Resumption of Trading on the TSX Venture Exchange
Newsfile· 2025-08-19 18:00
Group 1 - Battery Mineral Resources Corp. (BMR) will resume trading on the TSX Venture Exchange effective August 20, 2025 [1] - The company aims to become a mid-tier copper producer and has initiated operations at the Punitaqui Mining Complex in Chile [2] - BMR's portfolio includes 100% ownership in ESI Energy Services Inc., mineral exploration assets in North America, and two graphite assets in South Korea [2] Group 2 - The company focuses on providing shareholders with exposure to copper and the electrification trend while pursuing growth through cash flow, exploration, and acquisitions [2] - Further information about BMR and its projects can be found on the company's website [3]
Greenland Resources Announces Closing of Private Placement Financing for Aggregate of $10 Million
Globenewswire· 2025-08-05 21:31
Company Overview - Greenland Resources Inc. is a Canadian public company focused on developing its 100% owned Climax type primary molybdenum deposit located in central east Greenland [5] - The Malmbjerg project is an open pit operation designed with an environmentally friendly approach, emphasizing reduced water usage and low ecological disturbance [5] - The project has a Definitive Feasibility Study completed in 2022, indicating a capital expenditure (capex) of US$820 million and a levered after-tax internal rate of return (IRR) of 33.8% with a payback period of 2.4 years at a molybdenum price of US$18 per pound [5] Financial Activities - The company has successfully closed a non-brokered private placement of 6,666,667 units at a price of C$1.50 per unit, raising gross proceeds of C$10,000,000.50 [1][2] - Each unit consists of one common share and one warrant, with each warrant exercisable at C$2.00 for a period of 24 months [2] - The proceeds from the offering will be used for detailed engineering studies, magnesium metallurgical studies for the Malmbjerg Project, capital expenditures, offtaking negotiations, and general corporate purposes [2] Project Details - The Malmbjerg project has Proven and Probable Reserves of 245 million tonnes at a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [5] - The average annual production for the first ten years is projected to be 32.8 million pounds of contained molybdenum, which represents approximately 25% of the EU's total yearly consumption and meets 100% of the EU's defense needs [5] - The project also aims to extract magnesium from saline water, utilizing innovative technologies, and incorporates magnesium into the feasibility study's economics [5] Regulatory and Compliance - The company has filed an amended and restated offering document on its SEDAR+ profile in compliance with the Listed Issuer Financing Exemption [3] - The securities from the offering have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with applicable regulations [4][11]
Results of Fundraising
Globenewswire· 2025-06-12 06:00
Core Viewpoint - Amaroq Minerals Ltd. successfully completed a significantly oversubscribed fundraising, raising approximately £45.0 million to support its operations in Greenland [5][6][11]. Fundraising Details - A total of 52,986,036 new common shares were conditionally placed at a price of 85.0 pence per share, raising gross proceeds of approximately £45.0 million (C$83.2 million, ISK 7.6 billion) [6]. - The net proceeds will be utilized for ongoing commissioning and production expansion at Nalunaq, technical studies, creating a new hub in West Greenland, and enhancing working capital flexibility [6][11]. - The Fundraising Shares will represent approximately 11.7% of the Company's enlarged share capital post-fundraising [7]. Investor Interest - Approximately 90% of the demand for the fundraising was secured from a diverse range of institutional investors from the UK, USA, and mainland Europe [8]. - The fundraising received considerable interest from a broad spectrum of investors globally, indicating strong market support for the Company's strategy [11]. Admission and Trading - Admission of the Fundraising Shares is expected to become effective on AIM, the Icelandic Exchange, and TSX-V on June 30, 2025 [7][14]. - The total issued share capital of Amaroq will consist of 454,106,653 common shares following the admission of the new shares [16].
Annual Report and Notice of Meeting
Globenewswire· 2025-05-15 11:00
Core Points - Amaroq Minerals Ltd. has released its Annual Report and Financial Statements for the year ended December 31, 2024, along with a Notice of Annual and Special General Meeting of Shareholders [2][3] - The upcoming Meeting is scheduled for June 13, 2025, and will be held remotely, allowing registered shareholders and proxyholders to participate and vote [4] - The Company is proposing a name change to "Amaroq Ltd." to reflect its strategic evolution from a mineral exploration company to a full-cycle mining enterprise, pending shareholder and regulatory approval [6] Company Overview - Amaroq Minerals focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in Southern Greenland, with a principal asset being a 100% interest in the Nalunaq Gold mine [8] - The Company holds a portfolio of gold and strategic metal assets covering two known gold belts in Southern Greenland, as well as advanced exploration projects at Stendalen and the Sava Copper Belt [8] - The Company is incorporated under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, which is incorporated under the Greenland Companies Act [8] Meeting Resolutions - Shareholders will vote on several resolutions, including the approval of financial statements for the year ended December 31, 2024, and the re-appointment of BDO Canada LLP as the auditor for the ensuing year [7] - The Company will also seek approval for its stock option plan and restricted share unit plan, which are "rolling" plans requiring shareholder approval at each annual meeting [7]