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ExGen Options Macrex Property in Alberni Mining District BC
GlobeNewswire News Room· 2025-07-30 01:13
Core Viewpoint - ExGen Resources Inc. has signed an option agreement to earn a 100% interest in the Macrex property, which is located approximately 20 kilometers from Port Alberni, British Columbia, covering around 5,115 acres [1][2]. Group 1: Property Details - The Macrex property is situated in the Alberni Mining District and is accessible via logging roads, facilitating exploration and potential development [2]. - Historical exploration on the property dates back to the 1980s, with recorded showings of copper, gold, and silver [2]. - The property surrounds the Mactush property, which was optioned in 2024 for approximately $625,000, indicating its strategic location [2]. Group 2: Option Agreement Terms - To earn a 100% interest in the Macrex property, ExGen must complete $1,500,000 in exploration work and pay $700,000 to the optionor over five years [3]. - A bonus payment of $3,000,000 is required within 30 days of publishing an NI 43-101 compliant resource on the property [3]. Group 3: Payment Schedule - The payment schedule includes: - Signing: $150,000 - 1st Year Anniversary: $75,000 cash and $100,000 work - 2nd Year Anniversary: $75,000 cash and $200,000 work - 3rd Year Anniversary: $75,000 cash and $300,000 work - 4th Year Anniversary: $75,000 cash and $400,000 work - 5th Year Anniversary: $250,000 cash and $500,000 work - Total cash payments amount to $700,000 and total work commitments to $1,500,000 [4]. Group 4: Company Overview - ExGen Resources Inc., formerly Boxxer Gold Corp, focuses on funding exploration and development through joint ventures and partnerships, aiming to reduce risks while maintaining exposure to potential discoveries [6]. - The company seeks to build a diverse portfolio of projects across various stages and commodity groups, currently holding six projects in Canada and the US [6].
Bessor Announces Closing of Private Placement and Termination of Easter Project Option
Globenewswire· 2025-07-10 02:00
Core Viewpoint - Bessor Minerals Inc. has successfully completed a non-brokered private placement, raising $100,000 through the issuance of 5,000,000 common shares at a price of $0.02 per share [1][2] Group 1: Private Placement Details - The private placement was announced on May 16, 2025, and completed on July 9, 2025, with all securities subject to a four-month hold period [1][2] - The net proceeds from the private placement will be allocated for potential exploration of Bessor's properties, future acquisitions, and general working capital [2] - The private placement utilized available prospectus exemptions under securities laws, including the accredited investor exemption [2] Group 2: Regulatory Compliance - The issuance of 350,000 common shares was made to Zygmunt Hancyk, a director of Bessor, which was compliant with MI 61-101 regulations [3] - Bessor relied on specific exemptions from formal valuation and minority approval requirements due to its listing status on the TSX Venture Exchange [4] - No special committee was formed for the private placement, and the Board of Directors unanimously approved the transaction [5] Group 3: Project Updates - Bessor has terminated its option to earn a 60% interest in the Easter Gold Project located in Lincoln County, Nevada [6] - The company focuses on the exploration and development of the Redhill volcanogenic massive sulphide deposit in British Columbia [7]
5.5 Million Shares Issued on Closing of Option for Saskatchewan Mineral Claims
Newsfile· 2025-07-04 10:00
Core Viewpoint - Live Energy Minerals Corp. has successfully closed an option agreement with a purchaser for mineral claims in Saskatchewan, which includes the issuance of common shares and a cash payment requirement [1][2]. Group 1: Option Agreement Details - The option agreement allows the purchaser to acquire a 100% undivided interest in two mineral claims totaling approximately 5,355 hectares in Saskatchewan [2]. - The purchaser issued 5,500,000 common shares as part of the consideration and is required to pay $50,000 in cash within three years of the agreement's effective date [2]. - The company has granted the purchaser the right to buy a 3% net smelter return royalty by issuing an additional 5,500,000 shares to a third-party royalty holder, subject to regulatory acceptance [3]. Group 2: Regulatory and Compliance Information - The consideration shares are subject to a statutory four-month hold period under Canadian Securities Laws, and no finder's fees were paid for this arm's length agreement [4]. - A copy of the option agreement has been filed under the company's profile on SEDAR+ [4]. Group 3: Company Overview - Live Energy Minerals Corp. is focused on exploring clean energy minerals in North and South America, holding interests in uranium, vanadium, and molybdenum projects in the USA [5]. - The company aims to create shareholder value through quality projects and proven exploration strategies [5].
Sulliden Acquires 48% of Nickel, Zinc, and Lead Mining Exploration Project in Poland
Globenewswire· 2025-06-26 21:30
Core Viewpoint - Sulliden Mining Capital Inc. has acquired a 48% interest in a nickel, zinc, and lead mining exploration project in Poland, enhancing its portfolio in the European mining sector [1][2]. Acquisition Details - The acquisition was made through the purchase of 48% of the issued and outstanding shares of Ferrite Resources Polska sp. z o.o. for 62,500 euro, with no finder fees paid and no change of control of Sulliden resulting from the transaction [2]. - The project consists of the Szklary and Dabrowka concessions, both of which are fully owned by the Target [2]. Project Overview - Szklary is a nickel laterite deposit located approximately 50 km south of Wroclaw, Poland, with historical production recorded as 3.5 million tonnes at 0.79% nickel, totaling 28,000 tonnes [3]. - The Szklary deposit has a JORC-compliant historical inferred mineral resource of 32.9 million tonnes at 0.70% nickel [3]. - Dabrowka is located 25 km north of Katowice and requires minimal primary development, with plans for additional drilling to complement historical exploration [4]. Exploration Plans - The company plans to drill an additional 30 holes at Szklary to confirm historical inferred mineral resources and 27 holes at Dabrowka to further explore the site [3][4]. - The project benefits from proximity to two smelters within 20 km and utilizes proven mining methods, including room and pillar mining and magnetic separation of ore [6]. Transaction Cancellation - A previously announced acquisition to indirectly acquire a 5.2% interest in the project has been terminated, with the company's interest in Sustainable Royalty Corp. returned to a former executive [10]. Company Background - Sulliden is focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects across various regions, including Europe [11].
SRQ Resources start drilling at Target 900, Lac Brulé property
Globenewswire· 2025-06-17 11:00
MONTREAL, June 17, 2025 (GLOBE NEWSWIRE) -- SRQ Resources Inc. (“SRQ” or the “Company”) (TSX-V: SRQ) is pleased to announce the mobilization of drilling crews and the commencement of its 4,000-metre diamond drilling program at the highly prospective Target 900 located on the Lac Brulé property, under Autorisation d’Exploration à Impact ATI-118, in the Province of Québec, Canada. “We’re excited to kick off drilling at Target 900—an important milestone in revealing the potential of Lac Brulé,” said Dr. Marc-A ...
Montero Announces Effective Date of Share Consolidation
Globenewswire· 2025-04-30 22:15
TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) announces that, further to its press release dated April 16, 2025, the TSX Venture Exchange (“TSXV”) has approved the Company’s proposed consolidation (the “Consolidation”) of its common shares (“Common Shares”) on the basis of six (6) pre-Consolidation Common Shares for one (1) post-Consolidation Common Shares. The Common Shares will commence trading on the TSXV on a post-C ...
Sulliden Acquires Portion of Nickel, Zinc, and Lead Mining Exploration Project in Poland
Globenewswire· 2025-04-07 11:30
TORONTO, April 07, 2025 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. (“Sulliden” or the “Company”) (TSX: SMC) is pleased to announce that it has indirectly acquired a 5.2% interest in a nickel, zinc, and lead mining exploration project in Poland (the “Project”) through the purchase of 10% of the issued and outstanding shares of Sustainable Royalty Corp. (the “Target”), a private company, from Mr. Stan Bharti (the “Vendor”), a former chief executive officer and director of the Company (the “Acquisition”) ...