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REV Exploration Closes Acquisition of Additional Mining Claims
Globenewswire· 2026-01-12 21:15
Core Viewpoint - REV Exploration Corp. has successfully closed the acquisition of 72 mining claims and associated rights in Ontario and Quebec, enhancing its mineral exploration portfolio [1][2]. Acquisition Details - The acquisition was executed under a mineral property purchase agreement with an arm's-length third party, with REV issuing 500,000 common shares as consideration for the transfer of the property [2]. - The shares issued are subject to a statutory hold period of four months and one day from the date of issuance [2]. - The property is subject to a 1.5% net smelter returns royalty, calculated on the net proceeds from the sale of minerals produced after customary deductions [3]. Regulatory and Compliance - The closing of the acquisition is contingent upon customary conditions, including the receipt of all required regulatory approvals and acceptance by the TSX Venture Exchange [4]. Company Overview - REV Exploration Corp. is a mineral exploration company with a focus on gold and battery metal properties in Quebec, including notable projects in the Chibougamau Gold Camp [5]. - The company also has significant exposure to the Natural Hydrogen sector in Alberta and Saskatchewan, holding 100% of a series of PNG leases along the Alberta-Montana border [5].
Nord Precious Metals Grants Stock Options
Thenewswire· 2025-10-06 18:55
Core Insights - Nord Precious Metals Mining Inc. has granted stock options to its directors and officers for a total of 900,000 common shares at an exercise price of $0.25 per share, exercisable for five years [1] Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, focusing on high-grade silver discovery and strategic metals recovery [3] - The flagship Castle property covers 63 square kilometers and includes the past-producing Castle Mine, with drilling at Castle East delineating 7.56 million ounces of silver in inferred resources averaging 8,582 g/t Ag (250.2 oz/ton) [3] Integrated Processing Strategy - The company's integrated processing strategy enhances the economic viability of extracting critical minerals such as cobalt and nickel alongside high-grade silver recovery [4] - Nord's proprietary Re-2Ox hydrometallurgical process allows for the production of technical-grade cobalt sulfate and nickel-manganese-cobalt (NMC) formulations, positioning the company to benefit from both precious metals and battery materials markets [4] Strategic Portfolio - The company holds a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project, which spans 260 square kilometers near Cochrane, Ontario [5]
Exclusive-G7 weighs price floors for rare earths to counter China's dominance, sources say
Yahoo Finance· 2025-09-24 16:54
Core Insights - G7 members and the EU are considering implementing price floors and taxes on certain Chinese exports to boost rare earth production and encourage investment [1][5][6] Group 1: Rare Earth Production and Export Controls - China, as the leading producer of rare earths, introduced export controls in April, impacting European automakers and leading to a fast-tracking of licenses for European companies in May [2][3] - Despite improvements, European companies are facing rising license bottlenecks, which threaten further losses and shutdowns [2] Group 2: G7's Critical Minerals Action Plan - G7 countries, excluding Japan, are heavily reliant on China for critical materials, prompting the launch of a Critical Minerals Action Plan in June [3] - Technical teams from G7 nations convened in Chicago to discuss regulatory measures on foreign investment in critical materials to reduce dependency on China [4] Group 3: Regulatory and Taxation Discussions - G7 countries are divided on implementing geographical restrictions, such as local content rules or limits on sourcing from China in public procurement [5] - Discussions included the possibility of a carbon tax or tariff on Chinese rare earth exports based on non-renewable energy usage in production [5] Group 4: Price Floors and Subsidies - Officials are considering government-backed price floors to stimulate domestic production, a strategy recently adopted by the U.S. [6] - Australia is also contemplating a price floor for critical minerals projects, including rare earths, while Canada is positively inclined towards this idea but has not made a commitment [6][7]
REV Exploration Announces Closing Of Aden Dome Natural Hydrogen Acquisition
Thenewswire· 2025-08-13 22:15
Group 1 - REV Exploration Corp. has completed the acquisition of the Aden Dome Natural Hydrogen Project in Alberta, receiving final approval from the TSX Venture Exchange [1][2] - The acquisition was conducted on an arm's-length basis, with no finder's fees paid, and all conditions of the purchase agreement have been satisfied, including the issuance of 300,000 common shares at a deemed price of C$0.27 per share [2] - With this acquisition, REV now holds a 100% interest in the Aden Dome project and plans to proceed with exploration activities [2][3] Group 2 - REV Exploration Corp. is a mineral exploration company with a portfolio that includes gold and battery metal properties in Quebec, as well as significant exposure to the Natural Hydrogen sector in Alberta and Saskatchewan [3] - The company has an option to acquire 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and holds a significant equity position in MAX Power Mining Corp., which has the largest permitted land package for Natural Hydrogen in Saskatchewan [3]
Nord Announces Revocation of MCTO
Thenewswire· 2025-07-22 23:10
Core Points - The British Columbia Securities Commission has revoked the management cease trade order (MCTO) for Nord Precious Metals Mining Inc. effective July 22, 2025, allowing management to trade the company's securities again [1][2] - The company successfully filed its annual audited financial statements for the year ended December 31, 2024, and interim financial statements for the three months ended March 31, 2025, which were prerequisites for the MCTO revocation [1][2] Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, focusing on high-grade silver discovery and strategic metals recovery [4] - The flagship Castle property covers 63 square kilometers and includes the past-producing Castle Mine, with drilling delineating 7.56 million ounces of silver in inferred resources at an average grade of 8,582 g/t Ag (250.2 oz/ton) [4] - The company's integrated processing strategy enhances the economics of extracting critical minerals such as cobalt and nickel, utilizing a proprietary Re-2Ox hydrometallurgical process for producing technical-grade cobalt sulfate and nickel-manganese-cobalt formulations [5] Strategic Positioning - Nord maintains a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project, which spans 260 square kilometers near Cochrane, Ontario [6]
Pan American Energy Announces Changes to Board of Directors
Globenewswire· 2025-06-23 12:00
Core Insights - Pan American Energy Corp. has appointed Mr. Tasheel Jeerh as a new Board Member, while Paul Gorman steps down as a Director [1][2][3] - The company is focused on the acquisition, exploration, and development of mineral properties, particularly in battery and critical metals in North America [3] Company Developments - Mr. Jeerh brings extensive experience in the energy and minerals sectors, emphasizing strategic growth and resource development [2] - CEO Adrian Lamoureux expressed enthusiasm about Mr. Jeerh's appointment, highlighting the importance of his background for the company's growth plans [3] Project Acquisitions - Pan American has executed an option agreement to acquire a 75% interest in the Big Mack Lithium Project, located 80 km north of Kenora, Ontario, with the potential to earn an additional 15% [4] - The company has also entered into an option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project in the Northwest Territories, which is prospective for rare earth and high field strength elements [4]
Pan American Energy Closes Debt Settlement Transactions
Globenewswire· 2025-06-06 21:57
Company Overview - Pan American Energy Corp. is an exploration stage company focused on the acquisition, exploration, and development of mineral properties containing battery metals in North America [3]. Debt Settlement Transactions - The company has issued 205,841 common shares at a deemed value of $0.20 per share, totaling $441,168.50 in settlement of accrued and outstanding debt to certain creditors [1]. - All securities issued are subject to a statutory hold period expiring on October 7, 2025, in accordance with Canadian securities legislation [2]. Project Acquisition - The company has executed an option agreement with Magabra Resources to acquire a 75% interest in the Big Mack Lithium Project, located 80 km north of Kenora, Ontario, with the potential to earn an additional 15% interest for a total of 90% [4].
Pan American Energy Announces Debt Settlement Transactions
Globenewswire· 2025-05-29 23:00
Core Viewpoint - Pan American Energy Corp. has entered into debt settlement agreements with creditors, agreeing to issue 2,205,841 common shares at a deemed value of $0.20 per share to settle an outstanding debt of $441,168.50 [1] Group 1: Debt Settlement Transactions - The debt settlement involves the issuance of 2,205,841 common shares to creditors, valued at $0.20 each, totaling $441,168.50 in debt [1] - All securities issued will be subject to a statutory hold period of four months and one day from the issuance date, in accordance with Canadian securities legislation [2] - The transactions are subject to approval from the Canadian Securities Exchange [2] Group 2: Company Overview - Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery metals in North America [3] - The company has executed an option agreement to acquire a 75% interest in the Big Mack Lithium Project, located 80 km north of Kenora, Ontario, with the potential to earn an additional 15% interest [4]
Vital Battery Metals Announces Name Change to Aventis Energy
Globenewswire· 2025-05-02 21:00
Company Overview - Vital Battery Metals Inc. has announced a name change to "Aventis Energy Inc." with a new trading symbol "AVE" on the Canadian Securities Exchange [1][2] - The company is focused on mineral exploration, particularly in battery, base, and precious metals, and is advancing its Sting Copper Project [3] Sting Copper Project - The Sting Copper Project spans approximately 12,700 hectares and includes multiple historic mineral occurrences documented by the Newfoundland and Labrador Government [4] - The project is situated within a 50 km corridor known for significant volcanogenic massive sulfide (VMS), copper quartz vein lode, and low sulphation epithermal gold showings [4]
REV Exploration Grants RSUs and Stock Options
Thenewswire· 2025-03-26 12:15
Core Points - REV Exploration Corp. has granted 125,000 stock options and 125,000 restricted share units (RSUs) to a director, with stock options priced at $0.275 and expiring on March 25, 2030 [1] - The RSUs will vest over time and can be converted into common shares or cash at the company's discretion [1] Company Overview - REV Exploration is a mineral exploration company focused on gold and battery metals, owning properties in Quebec, including nickel, niobium, tantalum, and gold [2] - The company is also exploring opportunities in the natural hydrogen sector in Saskatchewan [2]