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Wealth Minerals Closes Final Tranche of Private Placement
TMX Newsfile· 2026-02-25 23:16
Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America [4] - The company aims to advance battery metal projects where it has a competitive advantage in project selection and evaluation [5] Recent Developments - On February 25, 2026, the company closed the final tranche of a private placement, issuing 6,825,000 units at $0.08 per unit, resulting in gross proceeds of $546,000 [1] - The total units issued in the private placement amounted to 19,575,000, with aggregate gross proceeds of $1,566,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant at $0.12, expiring on February 25, 2028 [1] Financial Details - Finder's fees were paid to Canaccord Genuity Corp. totaling $3,920 in cash and 49,000 finder's warrants, and to Haywood Securities Inc. totaling $2,800 in cash and 35,000 finder's warrants [2] Market Position - The company is positioning itself to benefit from the anticipated mismatch between supply and demand in the lithium market, driven by structural issues in the industry [5] - Wealth Minerals believes that other battery metals will also benefit from similar trends in the industry [5]
Happy Creek Announces Name Change to Fox Tungsten Ltd.
Thenewswire· 2026-02-20 14:00
  February 20, 2026, Vancouver, British Columbia – TheNewswire - Happy Creek Minerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) is pleased to announce that it will be changing its corporate name to Fox Tungsten Ltd. Effective at the opening of trading on Wednesday, February 25, 2026, the common shares of the Company will commence trading on the TSX Venture Exchange under the new name and the new trading symbol “FOXT”.Shareholders holding Happy Creek share certificates can request a replacement cer ...
Wealth Minerals Closes First Tranche of Private Placement
TMX Newsfile· 2026-02-03 18:30
Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America, particularly in Chile [4] - The company is also working to diversify its asset base to include precious metal projects [4] Recent Financial Activity - The company has closed the first tranche of a private placement, issuing 12,750,000 units at $0.08 per unit, resulting in gross proceeds of $1,020,000 [1] - Each unit consists of one common share and one-half of one common share purchase warrant at $0.12, expiring on January 30, 2028 [1] - Finder's fees were paid to various entities, including Red Cloud Securities Inc., EDE Asset Management Inc., and IBK Capital Corp. [2] Market Position and Strategy - The company is strategically advancing battery metal projects where it has a competitive advantage in project selection and initial evaluation [5] - Wealth Minerals is positioning itself to benefit from the anticipated future mismatch of supply and demand in the lithium market, driven by structural issues in the industry [5] - The company believes that other battery metals will also benefit from similar trends in the market [5]
M2i Global, along with Volato Group, in Collaboration with Nimy Resources Initiate First Shipment of High-Grade Gallium from Western Australia to U.S.
Globenewswire· 2026-02-03 13:00
Core Insights - M2i Global and Volato Group have announced the first shipment of high-grade gallium from Nimy Resources' Mons Project in Western Australia to the U.S. This shipment marks a significant milestone in establishing a secure, non-Chinese source of gallium for the Western supply chain [2][4][7] Company Developments - Nimy Resources has initiated its first shipment of gallium ore, which will be analyzed by selected academic institutions and defense industrial base companies to determine the refining processes needed for their applications [4][7] - The collaboration between Nimy and M2i focuses on developing and supplying gallium from the Mons Project, which also contains other critical minerals, including rare earth elements [5][7] - Nimy's Block 3 has confirmed high-grade gallium intervals exceeding 450 g/t Ga₂O₃, supporting the potential for future supply into the Western supply chain [6][7] Industry Context - The U.S. critical minerals market is projected to exceed $320 billion annually, highlighting the strategic importance of domestic sourcing and supply chain resilience [9] - The collaboration aims to enhance the reliability of gallium supply, which is essential for global semiconductor and defense needs, thereby contributing to national security [4][6]
Wealth Minerals Permitting Application for the Kuska Project Accepted
TMX Newsfile· 2026-01-07 17:12
Core Viewpoint - Wealth Minerals Ltd. has received official acceptance for a Special Lithium Operating Contract for the Kuska Project, marking a significant step towards project development and potential profitability in the lithium market [1][2]. Company Overview - Wealth Minerals Ltd. is focused on acquiring and developing lithium projects in South America, with interests in Canada and Chile [4]. - The company aims to diversify its asset base to include precious metal projects while advancing battery metal projects where it has a competitive advantage [5]. Kuska Project Details - The Kuska Project is located in the Salar de Ollagüe, Antofagasta Region, Chile, and has been under development since 2019 [3]. - The project has an estimated resource of 741,000 tonnes of Lithium Carbonate Equivalent (LCE) with an average concentration of 175 mg/L, and inferred resources of 701,000 tonnes of LCE with an average grade of 185 mg/L [3]. - A preliminary economic assessment indicates an Internal Rate of Return (IRR) of 33% and a Net Present Value (NPV) of US$1.65 billion for a 20,000 tonne LCE per year project with a 20-year mine life [3]. Market Context - Global prices for Lithium Carbonate Equivalent have recently recovered, exceeding US$16,000 per tonne, which enhances the project's attractiveness [2]. - The lithium market is experiencing structural issues that may lead to a mismatch between supply and demand, positioning Wealth Minerals to benefit from future trends [5].
Copperhead Resources Announces Changes in Officers
Globenewswire· 2026-01-05 12:30
Company Leadership Changes - Kevin Zhou has resigned as an officer of Copperhead Resources Inc., and the company expresses gratitude for his contributions [1] - Denise Lok has been appointed as Corporate Secretary, while James A. Deckelman has been appointed as Chief Executive Officer [1] New CEO Profile - James A. Deckelman brings over 25 years of international oil and gas experience, with a background in resource discovery, operations leadership, and corporate strategy [2] - He has held significant roles at major energy companies such as ConocoPhillips, BP, and Talisman, contributing to resource advancements across various regions [2] - Deckelman is currently the President of Mayfair Energy Ventures, LLC, and has previously served as CEO of BluEnergies Ltd. and Chief Exploration Officer for GeoPark [2] Educational Background - James A. Deckelman holds a Master's degree in Geology from Utah State University and a Bachelor of Arts degree in Geology from Miami University [3] - He has authored numerous technical publications in petroleum geology and exploration strategy [3] Company Overview - Copperhead Resources Inc. focuses on acquiring and exploring mineral resource properties, particularly critical elements and precious metals [4] - The company holds an option to acquire a 100% interest in the Twilite Gold Project located in the Central Newfoundland Gold Belt [4] - Copperhead may also evaluate and acquire other mineral properties containing various metals and minerals across different geographical jurisdictions [4]
Mitsubishi Corporation: Consider Both H1 Miss And Unchanged Guidance
Seeking Alpha· 2025-11-10 20:07
Group 1 - The article discusses the Asia Value & Moat Stocks research service aimed at value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] - The company's outlook is described as mixed, with its key "Mineral Resources" business facing pressure, but potential offset through value-accretive asset recycling moves [1] - The Value Pendulum is highlighted as an Asian equity market specialist with over a decade of experience, providing investment ideas particularly focused on the Hong Kong market [1]
Wealth Minerals Provides Update on Proposed Andacollo Oro Gold Project Acquisition
Newsfile· 2025-10-29 20:16
Core Viewpoint - Wealth Minerals Ltd. has announced that it will not proceed with the acquisition of the Andacollo Oro Gold Project due to regulatory and compliance delays, leading to the return of funds raised for the project [1][2][3] Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on acquiring and developing lithium projects in South America, while also diversifying its asset base to include precious metal projects [4] - The company is committed to stakeholder engagement and has a joint venture with the Quechua Indigenous Community of Ollagüe for the Kuska lithium project [3][4] Industry Context - The lithium market is experiencing significant dynamics, with increasing metal prices driven by structural issues in meeting future demand [5] - Wealth Minerals aims to position itself as a major beneficiary of the anticipated supply-demand mismatch in the battery metals market [5]
Mkango Resources Limited Unaffected By Malawi Executive Order No. 2
Accessnewswire· 2025-10-28 07:00
Core Viewpoint - Mkango Resources Ltd is not affected by the recent Executive Order No. 2 of 2025 issued by the President of Malawi, which prohibits the export of raw minerals and promotes local value addition [1] Company Summary - Mkango Resources Ltd acknowledges the Executive Order aimed at ensuring that Malawi's mineral resources contribute to the country's economic development and prosperity [1]
American Antimony Corporation Identifies Two Additional High-Grade Stockpiles for Testing, Expanding Near-Term Ore Inventory by up to 13,000 Tonnes at the American Antimony Project, Bernice Canyon, Nevada
Accessnewswire· 2025-10-15 13:20
Core Insights - American Antimony Corporation has identified two additional high-grade stockpiles for testing, expanding its near-term ore inventory by up to 13,000 tonnes at the American Antimony Project in Nevada [1][6] - The total surface material now available for evaluation is approximately 20,000 tonnes, combining the newly identified stockpiles with previously confirmed material [6] - The company aims to advance toward early commercial shipments and establish a U.S.-sourced antimony supply chain [6][7] Company Update - The newly discovered stockpiles exhibit strong visible stibnite mineralization, consistent with previously sampled high-grade material [6] - Metallurgical testing is underway, with samples being collected and shipped under Metallurgical Testing Agreements (MTAs) to evaluate recovery rates and product specifications [6] - The first test shipment from the previously confirmed 6,700 tonnes was shipped on October 1st and received on October 6th for testing [6] Strategic Significance - The expansion of high-grade surface inventory supports the company's early-stage commercialization plan while drilling and resource modeling continue across the broader property [7] - Low arsenic concentrations in the material provide a metallurgical advantage, facilitating cleaner concentrate recovery compared to many global sources [7] CEO Commentary - The identification of additional stockpiles is seen as a significant step towards transitioning from exploration to near-term revenue generation [5] - The company is well-positioned to demonstrate the commercial viability of the American Antimony Project, with continuity and scale observed across various zones [5]