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Labrador Gold acquires subscription receipts of Northern Shield
Yahoo Finance· 2026-01-01 12:15
Group 1 - Labrador Gold (NKOSF) has acquired 16,666,667 Subscription Receipts of Northern Shield Resources for an investment of $1,000,000.02 at a price of $0.06 per Subscription Receipt [1] - The investment is conditional upon receiving LabGold shareholder and regulatory approval for a proposed change of business from a pure exploration company to an exploration and investment issuer [1] - Each Subscription Receipt will convert into one Unit of Northern Shield, which consists of one common share and one common share purchase warrant [1] Group 2 - The warrant allows the holder to purchase one additional common share at a price of $0.10 for a period of 36 months from the Escrow Release Date [1] - LabGold will have pre-emptive rights to participate in future financings of Northern Shield as long as it retains a 10% equity interest [1] - The Units will be subject to a voluntary lockup agreement prohibiting trading for four months from the Escrow Release Date [1] Group 3 - If LabGold shareholders do not approve the Change of Business, the Initial Investment Funds will be returned to LabGold, minus $20,000 for Northern Shield's reasonable expenses related to the financing [1]
Prismo Metals Announces Closing of Private Placement
Thenewswire· 2025-12-31 18:55
Core Viewpoint - Prismo Metals Inc. has successfully completed an upsized closing of its non-brokered private placement, raising a total of $2,204,000 through the issuance of 22,040,000 units, with plans to fund a drilling program at the Silver King project [1][2]. Group 1: Private Placement Details - The recent closing involved the issuance of 2,940,000 units at an issue price of $0.10 per unit, generating gross proceeds of $294,000 [1]. - The company had previously announced two closings of the private placement, raising $1,745,000 on November 12, 2025, and $165,000 on December 2, 2025 [2]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.175 for 36 months [3]. Group 2: Use of Proceeds - The net proceeds from the private placement will primarily be allocated for drilling at the Silver King project and for general corporate purposes [4]. - The company anticipates accepting additional subscriptions of approximately $75,000 from new shareholders in the coming days [4]. Group 3: Finder's Warrants and Commissions - In connection with the closing, the company issued 185,200 finder's warrants and paid finder's commissions totaling $18,520 [6]. - Each finder's warrant is exercisable for 24 months at a price of $0.10 [6]. Group 4: Company Overview - Prismo Metals Inc. is focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [8].
Golden Lake Announces Signing Of New Lease On Jewel Ridge, Nevada
Thenewswire· 2025-12-30 22:15
Core Viewpoint - Golden Lake Exploration Inc. has entered into a new mining lease agreement with GM Squared, LLC for the Jewel Ridge project in Nevada, which includes both unpatented and patented mining claims, replacing a previous lease from 2004 [1][2]. Lease Agreement Details - The Lease Agreement has a duration of 7 years, requiring annual payments of US$25,000 and a minimum expenditure of US$1 million on mining and exploration activities in the first 3 years [2]. - The Company has the option to purchase the property for US$3 million, deducting the total lease payments made during the agreement [3]. - Upon production commencement, the Company will pay a royalty of 4.0% on net smelter returns, with options to buy down the royalty at specified costs for each percentage point [4]. Termination Conditions - The Company can terminate the Lease Agreement with 30 days written notice, while the Lessor can terminate if the Company defaults on obligations, including payment failures [5]. Additional Claims and Royalties - The Jewel Ridge project includes 19 patented claims (Rainbow Claims) acquired from Greencastle Resources Ltd., subject to a 3.0% royalty, which can be reduced to 1.0% for C$2 million [6]. - In April 2022, the Company added the Lord Byron patented claims, which do not carry any royalties or obligations [7]. - In September 2023, the Company staked an additional 46 unpatented lode claims totaling 924 acres, fully owned without royalty obligations [8]. Company Overview - Golden Lake Exploration Inc. is a junior public mining exploration company focused on mineral exploration and acquisition of mineral property assets [9].
Chibougamau Independent Mines Completes “Flow-Through” Financing
Globenewswire· 2025-12-30 22:00
Core Viewpoint - Chibougamau Independent Mines Inc. has successfully completed a private placement, raising approximately $200,000 through the issuance of 689,655 "flow-through" shares at a price of $0.29 per share, which will be utilized for exploration on its Lac Chibougamau property in Québec [1]. Group 1 - The private placement resulted in a total of 61,755,191 common shares of Chibougamau being issued and outstanding [2]. - The newly issued shares are subject to a four-month hold period, which will expire on May 1, 2026 [2].
Cascade Copper Highlights 2025 Work, Outlines 2026 Plans
Thenewswire· 2025-12-30 13:00
Core Insights - Cascade Copper Corp. has outlined its strategic plans for 2026, building on a productive year in 2025 with advancements in exploration and financing [2][4] 2025 Highlights: Building Momentum in Exploration and Financing - The company raised over $1 million through multiple tranches of non-brokered private placements, including $401,255 in October and an oversubscribed placement of $660,000 in December for upcoming exploration programs [3] - Cascade completed a high-resolution drone magnetic survey covering over 700 line kilometers at the Centrefire Copper-Gold Project and submitted a work program permit, with a drill permit expected within 60 days [3] - High-grade samples of copper, gold, molybdenum, and silver were collected at the Copper Plateau Porphyry Project, confirming historic soil anomalies [3] - The introduction of the Bendor Gold-Tungsten Project included an initial compilation of historical data revealing notable values and the initiation of 3D magnetic inversion modeling [3] - A collaboration with Blockware Technology was announced to utilize AI for predictive mapping, enhancing exploration efficiency [3] 2026 Plans: Advancing Key Projects while Pursuing Value-Added Opportunities - Cascade Copper aims to accelerate exploration across its flagship properties while evaluating strategic transactions to enhance shareholder value [4] - Planned activities include responsible exploration practices and the continuation of drilling programs across several projects, including Centrefire, Copper Plateau, Fire Mountain, and Bendor [9]
QIMC Advances Its Nova Scotia Natural Hydrogen District with Completion of a Baseline Environmental Assessment at Eatonville
TMX Newsfile· 2025-12-30 12:30
Core Insights - Québec Innovative Materials Corp. (QIMC) has completed a baseline environmental assessment at its Eatonville project area, marking a significant step in the development of its natural hydrogen district in Nova Scotia [1][2][5] - The assessment establishes essential environmental baseline conditions to support planning for future subsurface development phases, aligning with regulatory requirements and reducing risks [2][5] - QIMC's exploration activities in the Eatonville area have identified hydrogen anomalies and geological structures that facilitate hydrogen migration, which are being integrated with geophysical data to prioritize drilling targets [3][4] Company Overview - QIMC is a mining exploration and development company focused on natural hydrogen and high-grade silica deposits across North America, with properties in Ontario, Quebec, Nova Scotia, and Minnesota [6] - The company emphasizes sustainable practices, environmental stewardship, and advanced extraction technologies to promote clean energy solutions [6]
CEO.CA's Inside the Boardroom: Total Metals is Building "GoldCorp 2.0" in Red Lake with Former Discovery Team
TMX Newsfile· 2025-12-26 14:00
Toronto, Ontario--(Newsfile Corp. - December 26, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with in ...
Prismo Metals Announces Security Based Compensation Grants
Thenewswire· 2025-12-23 21:40
Group 1 - Prismo Metals Inc. has granted a total of 925,000 stock options to certain directors and officers, each exercisable at an exercise price of $0.12 for a period of five years, subject to vesting conditions [1] - Additionally, the company has granted 250,000 stock options to certain consultants at the same exercise price with a three-year term, along with 250,000 restricted share units that will vest in stages [1] Group 2 - Prismo Metals Inc. is focused on mining exploration, specifically on three silver projects (Palos Verdes, Silver King, and Ripsey) and one copper project (Hot Breccia) located in Arizona [2]
ASX Market Open: Oz shares heading for W50 weekly gains with Friday rally | Dec 12
The Market Online· 2025-12-11 21:44
Market Overview - The Australian stock market (ASX) is expected to end the week on a positive note, with futures up by 1% as of Friday morning [1] - The S&P 500 and Dow Jones indices closed higher, with increases of 0.2% and 1.3% respectively, while the Nasdaq composite fell by 0.25% [3] Company News - BHG Capital is speculated to be preparing a takeover offer for Webjet Ltd (ASX:WEB), motivated by the company's cash reserves of $110 million [4] - The Australian Competition and Consumer Commission (ACCC) has rejected Insurance Australia Group's (ASX:IAG) proposal to acquire the Royal Automobile Club of Western Australia for $855 million [4] - Dexus (ASX:DXS) has completed the acquisition of Westfield Chermside for $683 million [4] Mining Sector - Black Cat Syndicate (ASX:BC8) is acquiring strategic tenements near Lakewood, while GreenX Metals (ASX:GRX) has activated an option to acquire 90% of Group 11, which holds several Tannenberg licenses, providing significant potential in Germany [5] Commodity Prices - The Australian dollar is trading at 66.6 U.S. cents [6] - Iron ore prices decreased by 1% to $101.75 per tonne, Brent crude oil fell by 1% to $61.56 per barrel, and gold is priced at $4,282 per ounce [6]
Fathom Announces the Start of Winter Trail Access to the Gochager Lake Project
Newsfile· 2025-12-10 12:50
Core Viewpoint - Fathom Nickel Inc. has initiated winter trail access to the Gochager Lake project, which is expected to enhance exploration efficiency and reduce costs significantly [1][4]. Group 1: Project Development - The company has received permission to utilize the access road to the Roy-Lloyd mine, allowing crews to prepare a trail to Benjamin Lake by Christmas [2]. - Following the holiday break, work will continue on historic trails and ice roads to facilitate the transportation of drilling equipment by mid-February 2026 [2]. - A low-frequency electromagnetic geophysical survey will commence in early January to expand the geochemical footprint of the Gochager Lake deposit [3]. Group 2: Cost Efficiency - The winter trail access is expected to reduce reliance on helicopter transport and winter fixed-wing air support, leading to lower overall exploration costs [4]. - The combination of using ice roads and historic trails will allow for more extensive drilling operations at the project [4]. Group 3: Exploration Potential - The Gochager Lake project is part of Fathom's strategy to target magmatic nickel sulphide discoveries, contributing to North American critical minerals supply and supporting the green energy transition [6]. - Historical data suggests an exploration target of 4-5 million tons grading 0.3%-0.4% Ni and 0.08%-0.09% Cu at the Gochager Lake deposit, although this estimate is not well documented [11]. - Fathom has confirmed Ni-Cu grades comparable to historical reports through its drilling efforts, indicating the presence of a significant deposit [11].