Precious Metals Exploration

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GFG Announces C$4.0 Million Flow-Through Private Placement
Globenewswire· 2025-10-16 10:30
Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$4.0 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Offering Details - The offering will consist of up to 13,489,209 Premium Units priced at C$0.2224 each and up to 5,405,405 flow-through shares (FT Shares) priced at C$0.185 each, aiming for maximum gross proceeds of C$4.0 million [2]. - Each Premium Unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.24 for 24 months [2]. - The offering is expected to close around November 3, 2025, pending necessary approvals, including from the TSX Venture Exchange [3]. Regulatory Compliance - The FT Shares and Premium Units will be offered under the Listed Issuer Financing Exemption, meaning they will not be subject to a hold period under Canadian securities laws [4]. - The company may pay finder's fees of up to 6% on a portion of the offering, in compliance with applicable securities laws [3]. Insider Participation - Certain insiders are expected to participate in the offering, which will be classified as a "related party transaction" under Multilateral Instrument 61-101 [5]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements for this related party participation [5]. Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in gold projects located in tier one mining jurisdictions, operating three significant gold projects in Timmins, Ontario, Canada [7].
Astra Exploration Announces Closing of C$6.25 Million Bought Deal Private Placement, Including Partial Exercise of the Underwriters' Option
Newsfile· 2025-10-08 15:03
Core Points - Astra Exploration Inc. has successfully closed a private placement of 10,080,690 common shares at a price of C$0.62 per share, raising gross proceeds of C$6,250,027.80 [1][2] - The net proceeds from the offering will be utilized for exploration expenditures on the La Manchuria project and for general working capital [3] - The offering was led by Cormark Securities Inc. as the lead underwriter, along with Beacon Securities Limited and Research Capital Corporation [2] Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on high-quality projects in key mining jurisdictions in Latin America [10] - The La Manchuria project in Santa Cruz, Argentina, is a high-grade gold and silver deposit where Astra has an option to acquire a 90% interest [11] - The company also owns the Pampa Paciencia project in northern Chile and the Cerro Bayo project, both of which are located in mineral-rich regions with significant geological similarities to other major deposits [12][13]
Astra Exploration Announces $5 Million Bought Deal Financing with Participation from Michael Gentile and Key Shareholders
Newsfile· 2025-10-01 10:30
Core Viewpoint - Astra Exploration Inc. has announced a $5 million bought deal financing agreement to raise funds for exploration and working capital purposes [1][2]. Group 1: Financing Details - The company will issue 8,065,000 shares at a price of C$0.62 per share, resulting in gross proceeds of C$5,000,300 [1]. - Underwriters have an option to purchase an additional 3,226,000 shares at the same issue price, potentially raising an additional C$2,000,120 [2]. - The offering is expected to close on or about October 8, 2025, subject to compliance with applicable securities laws [6]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration expenditures on the La Manchuria project and for general working capital [2]. Group 3: Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on high-quality projects in key mining jurisdictions in Latin America [9]. - The La Manchuria project in Argentina is a high-grade gold and silver deposit located in a prolific mining area [10]. - The company also owns the Pampa Paciencia and Cerro Bayo projects in Chile, both of which are situated near major operating mines and have significant geological similarities to other successful deposits [11][12].
Arizona Gold & Silver Inc. Announces Option Grants
Thenewswire· 2025-09-15 14:30
Company Overview - Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada [3] - The company is committed to sustainable practices and innovative exploration techniques, aiming to drive value for stakeholders while prioritizing environmental stewardship [3] - The flagship asset is the Philadelphia gold-silver property, where the company is drilling off an epithermal gold-silver system ahead of an initial resource calculation [3] Stock Options Announcement - The company has granted incentive stock options to purchase a total of 2,222,481 common shares at a price of $0.37 for a period of five years [1] - The stock options will vest immediately and are subject to a four-month hold period [1] - This offering is aimed at the company's officers, directors, and certain consultants, recognizing their leadership and excellence [2]
Astra Provides Corporate Update, Mobilizes Ground Crews at La Manchuria Project, Argentina
Newsfile· 2025-09-11 10:30
Core Insights - Astra Exploration Inc. has mobilized ground crews for exploration activities at the La Manchuria Gold and Silver Project in Santa Cruz, Argentina, with a Phase II drill program set to begin shortly [1][2][4] Exploration Activities - Ground crews are conducting detailed mapping, regional ground magnetics, topographical surveys, and sampling in preparation for the upcoming drilling [2][3] - The presence of low temperature vein fragments at the surface supports Astra's geological model, indicating a preserved epithermal system beneath post-mineral volcanics [2][3] - Phase I drilling has identified favorable host rock units beneath andesites, suggesting potential for a large, high-grade gold-silver epithermal system at La Manchuria [3] Upcoming Events - Astra's CEO, Brian Miller, is participating in the Precious Metals Summit from September 9th to 12th, where he will present on September 11th [4] - The Metals Investor Forum will take place on September 25th to 26th, featuring a presentation by Brian Miller [5] - A European Roadshow is scheduled for October 6th to 10th, targeting institutional and family office investors [6][7] Company Overview - Astra Exploration Inc. is focused on precious metals exploration, with a portfolio of projects in key mining jurisdictions in Latin America [9] - The La Manchuria project is a high-grade gold and silver low sulphidation epithermal deposit located in the Deseado Massif, known for hosting world-class precious metals deposits [10]
Magna Terra Completes 100% Earn-In on the Cape Spencer Project, New Brunswick
Newsfile· 2025-09-04 12:00
Core Viewpoint - Magna Terra Minerals Inc. has successfully completed its final option payments for the Cape Spencer and Marigold options, securing a 100% interest in the Cape Spencer Project, which is positioned in a promising gold exploration area in southern New Brunswick [1][2]. Group 1: Project Details - The Cape Spencer Project is highlighted as a unique opportunity for shareholders, with significant potential for large gold deposits, as evidenced by nearby projects like the Clarence Stream Project [2]. - The project spans 5,089 hectares along a 15-kilometre strike of a gold-bearing structure, featuring large untested gold-bearing alteration systems [7]. - The Cape Spencer Deposit has an Inferred Mineral Resource Estimate of 1,720,000 tonnes at an average grade of 2.72 g/t gold, equating to approximately 151,000 contained ounces [7]. Group 2: Financial and Option Agreement Details - Under the Cape Spencer option agreement, the total payments to earn a 100% interest included $350,000 in cash and/or shares, and $145,000 in milestone payments over seven years [4]. - The final payments included the issuance of 1,218,274 common shares and $25,000 in cash, completing the earn-in requirements [4]. - For the Marigold option agreement, the total payments required to earn a 100% interest were $175,000 and 1,075,000 common shares, with the fifth anniversary payment of $35,000 recently settled [5]. Group 3: Company Overview - Magna Terra Minerals Inc. is focused on precious and critical metals exploration, with a portfolio that includes the Cape Spencer Gold Project and other high-potential mineral projects in Atlantic Canada and Argentina [11]. - The company aims to generate value for shareholders while minimizing dilution through option and joint venture partnerships [11].
Kingman Minerals Ltd. Announces Closing of 1st Tranche of Non-Brokered Private Placement
Newsfile· 2025-09-02 21:45
Core Viewpoint - Kingman Minerals Ltd. has successfully closed the first tranche of its non-brokered private placement, raising a total of $499,553 through the issuance of 7,136,471 units at a price of $0.07 per unit [1][3]. Group 1: Private Placement Details - The first tranche is part of a larger offering announced on August 27, 2025, which aims to issue up to 8,757,143 units for gross proceeds of approximately $613,000 [3]. - The net proceeds from the private placement will be utilized for general working capital and to advance the flagship Mohave Project, including the historic Rosebud Mine in Arizona [3]. - Planned expenditures include preparing an NI 43-101 compliant technical report, updating the drill plan, re-applying for drill permits, and related exploration activities [3]. Group 2: Finder's Fees and Insider Participation - Kingman will pay a cash finder's fee of $4,620 and issue 66,000 non-transferable finder's warrants, allowing holders to acquire common shares at an exercise price of $0.09 until September 2, 2027 [2]. - Insiders of the company subscribed for 2,516,826 units, contributing gross proceeds of $176,177.82, which is classified as a related party transaction [5][6]. Group 3: Regulatory and Compliance Information - All securities issued will be subject to a statutory hold period of four months from the date of issuance, and the closing of the second tranche is contingent upon receiving necessary regulatory approvals [4]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 due to the nature of insider participation [6]. Group 4: Company Overview - Kingman Minerals Ltd. is focused on precious metals exploration and development in North America, with its flagship project being the 100%-owned historic Rosebud Mine in Arizona [9]. - The Rosebud Mine has a history of high-grade gold and silver production dating back to the 1880s, with significant underground development already completed [9].
Arizona Gold & Silver Announces AGM Results
Thenewswire· 2025-08-26 11:00
Company Overview - Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada, with a commitment to sustainable practices and innovative exploration techniques [4] AGM Results - The annual general meeting (AGM) held on August 21, 2025, in Vancouver, B.C., resulted in 99.98% approval of all motions, including the re-election of four directors, appointment of Smythe LLP as auditors, and approval of the 2025 Stock Option Plan [2] - A total of 30,498,208 common shares were represented at the AGM, either in person or by proxy [2] Leadership Appointments - Following the AGM, the Board of Directors re-appointed Mike Stark as President and CEO, James Engdahl as Chair, Gregory Hahn as Vice-President of Exploration, and Dong H. Shim as CFO and Corporate Secretary [3]
Colibri Resource Corporation Announces Director Change
Newsfile· 2025-08-18 19:10
Core Points - Colibri Resource Corporation announces the resignation of Jamie Lavigne as Director, effective immediately [1][2] - The company expresses gratitude for Lavigne's contributions and technical expertise [2] - Mark Smethurst has been appointed to the Board of Directors, bringing over 25 years of experience in the mining industry [3][4] Company Overview - Colibri Resource Corporation is focused on advancing gold and silver projects in Sonora, Mexico [5] - The company holds a 49% interest in the Pilar Gold & Silver Project, a 100% interest in the EP Gold Project, and a 60% interest in the Diamante Gold & Silver Project [5] - Colibri aims to unlock long-term shareholder value through strategic exploration and development activities [5]
GFG Receives C$200,000 Grant from the Ontario Junior Exploration Program
Globenewswire· 2025-07-09 10:30
Core Points - GFG Resources Inc. has been awarded C$200,000 in funding from the Ontario Junior Exploration Program to support its exploration activities in the Timmins Gold District [2][3] - The funding will be used for eligible exploration expenditures, including drilling, geophysical surveys, and base-of-till sampling [2] - The Ontario government emphasizes the importance of a thriving exploration industry for mineral development and economic growth [3] Company Overview - GFG Resources Inc. is a publicly traded precious metals exploration company focused on district-scale gold projects in tier one mining jurisdictions [4] - The company operates three gold projects covering over 800 square kilometers in the Timmins Gold District, which has produced over 70 million ounces of gold [4]