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Rockland Resources Financing Fully Subscribed
Thenewswire· 2025-11-13 14:00
Core Points - Rockland Resources Ltd. has successfully completed a non-brokered private placement, raising a total of $180,000 by issuing 3 million units at a price of $0.06 per unit [1] - Each unit consists of one common share and one transferable share purchase warrant, with warrants allowing the purchase of additional shares at $0.10 for a period of 36 months [1] - The net proceeds from this financing will be allocated to advancing the Cole Gold Mines project in Red Lake, Ontario, and for general working capital [1] Financing Details - The private placement is fully subscribed and will be subject to a four-month hold period as per Canadian securities laws [2] - Finders' fees will be applicable on the private placement, in accordance with the policies of the Canadian Securities Exchange [2] Company Overview - Rockland Resources Ltd. specializes in the exploration of critical minerals, particularly beryllium, with projects located in the Spor Mountain region of Utah, USA [3] - The company holds the Cole Gold Mines Project, which is situated in the Red Lake gold district of Ontario, a region known for its prolific gold production [3]
Rockland Resources Arranges Financing
Thenewswire· 2025-11-12 22:00
Vancouver, British Columbia, November 12th, 2025, - TheNewswire -Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL) (OTCQB: BERLF) (FSE: GB2) announces that it has arranged a non-brokered private placement of 3 million units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $180,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber ...
Rockland to Commence Ground Prospecting Program on the Past Producing Cole Gold Mines Project in Red Lake, Ontario
Thenewswire· 2025-09-30 12:00
Core Insights - Rockland Resources is initiating a ground prospecting and sampling program at its 100%-owned Cole Gold Mines Project in the Red Lake Greenstone Belt, Ontario, to locate and sample high-grade gold occurrences in preparation for a winter diamond drilling program planned for early 2026 [1][2][3] Group 1: Project Details - The Cole Gold Mines property consists of 80 mining claims covering 1,438 hectares and is located within the Pipestone Bay – St. Paul Deformation Zone, which is known for hosting significant gold mineralization [3][4] - Historical production from the Shaft zone during the 1930s included modest high-grade gold output, with an exploration shaft developed to a depth of 162 meters [4] - Recent work by Rockland identified two new surface showings with assay results of 57.7 g/t and 16.7 g/t Au, as well as 14.8 g/t Au and 7.21 g/t Au [5][6] Group 2: Historical Context - The Red Lake Greenstone Belt has produced over 30 million ounces of gold historically, with significant contributions from nearby mines such as Campbell-Red Lake, Cochenour-Willans, and Madsen [2] - The Cole Gold Mines Project has been underexplored since its acquisition by Rockland, which aims to systematically map and sample the property to identify high-priority drill targets [3][6] Group 3: Management and Future Plans - CEO Michael England expressed enthusiasm about the project, highlighting its historical significance and the potential for new discoveries [3] - The upcoming prospecting campaign will focus on evaluating previously documented high-grade gold occurrences and new findings by Rockland personnel [1][6]
Globex Options Virgin Mountain Rare Earth & Beryllium Project in Arizona
Globenewswire· 2025-09-29 13:00
Core Viewpoint - Globex Mining Enterprises Inc. has optioned its Virgin Mountain Rare Earth Property in Arizona to Arizona Mountain Pass Heavy Rare Earths Pty Ltd, receiving $800,000 in cash and $600,000 in shares over 42 months for 100% interest in the property [1][2]. Deal Summary - The agreement includes cash payments of $800,000 and shares worth $600,000 over a 42-month period for the Virgin Mountain property, which consists of 23 unpatented lode claims totaling 192.28 hectares (475.1 acres) [2]. - The property is located in the Virgin Mountain Range, approximately 120 km northeast of Las Vegas, Nevada, and is accessible via highway 15 and a 16 km gravel road [2]. Historical Context - Past exploration for uranium and rare earth elements (REE) occurred from the 1940s until 1991, with various companies conducting exploration work, including ASARCO and Blandsell Mining Company [3]. - The Virgin Mountains were explored for beryllium in the 1950s and 1960s but never went into production [3]. Geological Insights - The Virgin Mountain area features a complex geology with Precambrian metamorphic and intrusive rocks, alongside Paleozoic to Cenozoic sedimentary rocks [5]. - REE mineralization is associated with elevated radioactivity, primarily found in the Hummingbird Zone, which has been defined over a distance of 250 m [6][9]. Mineralization Details - The Hummingbird Zone shows high-grade widths between 0.9 m and 1.45 m, with potential widths of radioactive anomalies related to REE mineralization reaching over 10 m [6]. - Channel samples from the Hummingbird structure returned total rare earth oxide (TREO) contents ranging from 0.328% to 1.24% [8]. Economic Potential - The mineralization includes valuable heavy rare earth elements (HREE) such as gadolinium, terbium, dysprosium, and neodymium, with terbium assays reaching up to 96 g/t [9]. - The agreement stipulates a 3% Gross Metal/Mineral Royalty and an annual advance royalty of $100,000 starting from the seventh anniversary of the effective date [7]. Beryllium Insights - The Globex claim block contains pegmatites enriched in beryllium, with historical BeO grades ranging from 0.02% to 2.98% [11]. - Chrysoberyl, the dominant beryllium mineral in the Virgin Mountain pegmatites, offers a potential low-cost alternative for high-purity beryllium production [13][14].
Rockland Receives Exploration Permit For The Past Producing Cole Gold Mines Project In Red Lake, Ontario
Thenewswire· 2025-09-11 12:00
Core Insights - Rockland Resources has received an exploration permit from the Ontario Ministry of Northern Development and Mines for its Cole Gold Mines Project, allowing exploration activities for the next three years [1][2] - The Cole Gold Mines property is located in the Red Lake greenstone belt, known for its high-grade gold production, with historical output exceeding 30 million ounces [2][3] - Recent exploration efforts have identified new surface gold showings with assays of 57.7 g/t and 16.7 g/t Au, indicating potential for further drilling [6][7] Company Overview - Rockland Resources Ltd. specializes in critical minerals exploration, with a focus on beryllium in Utah and the Cole Gold Mines Project in Ontario [8] - The Cole Gold Mines property consists of 80 mining claims covering 1,438 hectares, situated within a historically productive gold region [3][8] Historical Context - The Shaft zone of the Cole Gold Mines property was previously worked in the 1930s, with an exploration shaft developed to 162 meters and modest high-grade gold production [4][5] - Kerr Addison Mines conducted drilling in the Shaft zone, yielding a historical resource estimate of 108,663 tonnes at a grade of 12.8 g/t Au, with mineralization remaining open at depth [5][7]
USA Rare Earth (USAR) FY Conference Transcript
2025-08-26 19:22
Summary of USA Rare Earth (USAR) FY Conference Call Company Overview - **Company**: USA Rare Earth (USAR) - **Industry**: Critical minerals and technology, specifically focusing on rare earth elements and magnets - **Mission**: To reshore the rare earth minerals and magnet industry in the U.S. [3][4] Market Insights - **Market Size**: The rare earth minerals and magnet market is valued between $35 billion to $40 billion outside of China [4] - **Growth Projection**: The U.S. market for rare earth magnets is expected to grow from 50,000 metric tons to 100,000 metric tons over the next ten years, driven by sectors like electric vehicles (EVs), artificial intelligence (AI), and robotics [4] - **Dependency on Rare Earths**: Rare earth magnets are critical for various industries, including defense, technology, and energy, with a significant economic impact [5][6] Supply Chain Challenges - **China's Dominance**: China controls 90% to 98% of the rare earth market, including 98% of gallium and 90% of rare earth ore processing and refining [8][10] - **U.S. Industry's Need**: The U.S. industry is in desperate need of a consistent supply chain for rare earths, especially highlighted during trade negotiations [9][12] Government Involvement - **Investment in MP Materials**: The U.S. government made a significant investment in MP Materials, which includes equity, loans, and an off-take agreement for magnets [13][14] - **Limited Coverage**: The government's investment only covers a small portion of the market, leaving a significant opportunity for other players like USAR [15][16] USA Rare Earth's Position - **Assets**: USAR owns an 80% interest in Round Top Mountain, a heavy rare earth deposit, and is establishing a magnet facility in Stillwater, Oklahoma [19][20] - **Production Capacity**: The magnet facility has a capacity of 5,000 metric tons, with plans to expand based on demand [29][30] - **Customer Base**: USAR has signed 12 MOUs and is working with 70 customers across various industries, indicating strong demand [21][35] Financials and Growth Plans - **Current Cash Position**: USAR has $130 million in cash and has raised over $140 million in the last six months [40] - **CapEx Plans**: The company plans to spend about $60 million on capital expenditures in Q3 and Q4 [42] - **Headcount Growth**: USAR is rapidly expanding its workforce, expecting to double its headcount by year-end [32] Competitive Landscape - **Comparison with MP Materials**: USAR focuses on heavy rare earths and has a broader market opportunity compared to MP Materials, which is primarily light rare earth focused [47][50] - **Market Cap**: USAR's market cap is between $1.3 billion and $1.5 billion, while MP Materials exceeds $12 billion, presenting a potential investment opportunity [51] Recycling and Processing - **Recycling Initiatives**: USAR is exploring ways to recycle end-of-life magnets, which could provide a sustainable supply of materials [46] - **Processing Plans**: The company is developing a flow sheet for processing rare earths and is in discussions with non-China sources for processing capabilities [59][60] Conclusion - **Strategic Importance**: USAR is positioned to play a critical role in reshoring the rare earth supply chain in the U.S., addressing both market demand and supply chain vulnerabilities [3][4][8]
Rockland Resources Applauds Kairos-Google Advanced Nuclear Fission Partnership With TVA and its Relevance to Global Beryllium Usage
Thenewswire· 2025-08-20 12:00
Core Insights - The collaboration between Kairos Power, Google, and the Tennessee Valley Authority (TVA) marks a significant advancement in the deployment of advanced nuclear energy, specifically through the use of small modular reactors (SMRs) [1][3] - This agreement will enable Google to secure up to 50 MWe of carbon-free baseload power for its data centers starting in 2030, contributing to the company's decarbonization efforts [1][3] - The project aims to bring a total of 500 MWe of advanced nuclear power online by 2035, highlighting a growing commitment to clean energy solutions [3] Industry Implications - The demand for critical minerals, particularly beryllium, is expected to rise significantly as new reactor designs are deployed, with specific beryllium requirements outlined for various reactor types [2][3] - Beryllium is identified as a critical and strategic mineral due to its essential applications across multiple sectors, including clean energy, aerospace, and defense [5] - The supply security of beryllium is emphasized as crucial for enabling next-generation clean energy technologies [4][5] Company Positioning - Rockland Resources Ltd. is strategically positioned in the beryllium market, focusing on the development of its projects in the Spor Mountain region of Utah, which is known for its significant beryllium production [6] - The company is actively working on its portfolio of beryllium projects to meet the anticipated future needs for this critical mineral [5][6] - Rockland holds a 100% interest in the Cole Gold Mine, further diversifying its resource portfolio [7]
Rockland Resources Receives Tentative Approval To Drill At The Claybank Beryllium Critical Mineral Project, Utah
Thenewswire· 2025-08-13 08:00
Core Viewpoint - Rockland Resources Ltd. has received tentative approval for drilling at its Claybank Beryllium Project in Utah, which is strategically located near Materion Corp.'s beryllium mines, indicating a significant step forward in the company's exploration and development efforts in the beryllium sector [1][2]. Company Developments - The company plans to file the reclamation surety requirement this week and will be ready to start drilling after a 30-day notice to the State [1]. - Rockland's President expressed satisfaction with the State of Utah's proactive approach in streamlining the permitting process, highlighting Utah's ranking as the number one jurisdiction for mineral exploration and development by the Fraser Institute [2]. - Historical drilling at Claybank in 1987 identified a zone of beryllium mineralization approximately 70 meters long, with drillhole intercepts ranging from ~2,500 to 6,500 ppm Be [2]. - Recent sampling of stockpiles at Claybank returned a weighted average of 1,741 ppm Be, with new sampling results expected in the coming weeks [2][3]. Additional Projects - Rockland is also advancing its Beryllium Butte project, which has shown promising grab sample results with highs of 4,810 ppm Be, and is permitted for drilling later this year [3]. - The Meteor project, located 70 km west of Materion's pits, includes historic mines and prospects focused on tungsten, with plans for additional reconnaissance and sampling [4]. Strategic Partnerships - The company has an informal arrangement with MiRESSO, a fusion-focused company, to provide Be-bearing rock samples for testing, aimed at developing an energy-efficient extraction process for beryllium [6]. - Rockland has engaged in informal discussions with Mithril Mining Corporation to leverage expertise in processing techniques for beryllium and other critical minerals [7]. Industry Context - Beryllium is recognized as a critical and strategic mineral with applications across various sectors, including aerospace, telecommunications, and clean energy, emphasizing the importance of domestic sources for future supply [11][12].
Anomalous Rare Earth Elements in Smoky Quartz Samples within Quantum's Quest Property
Thenewswire· 2025-08-01 13:00
Core Insights - Quantum Critical Metals Corp. has completed additional research on its Quest critical mineral property in the Lake Chapiteau region of Québec, enhancing its strategic resource portfolio [1][2][18] - The property hosts critical and rare earth elements, with significant historical anomalous values reported for various elements [2][4] Company Developments - The company has staked an additional claim cell adjacent to its current one to expand exploration potential for rare earth elements [3] - An anomalous sample collected within the claim boundaries showed 20% Total Rare Earth Elements (TREE), with 8.7% being light rare earth elements (TLREE) and 11.3% being total heavy rare earth elements (THREE) [4] - The sample also contained notable amounts of gallium (226 gpt), germanium (78 gpt), and beryllium (15,060 gpt) [4] Industry Context - Recent geopolitical developments, including China's export restrictions on rare earth elements, have heightened concerns over supply chain security for critical minerals [7][16] - The U.S. and China reached a new trade framework to resume the supply of rare earth minerals, emphasizing the need for domestic development of rare earth mining and processing [9] - The demand for critical minerals, including gallium, is projected to grow due to their essential roles in modern technologies such as semiconductors and renewable energy [13][19]
Rockland Resources Announce Appointment Of Taylor Sulik To Advisory Board
Thenewswire· 2025-05-15 12:00
Company Overview - Rockland Resources Ltd. is an exploration company focused on advancing its beryllium projects in Utah [1] - The company is strategically located in the Spor Mountain region, which is home to the largest beryllium producer in the world, Materion's Spor Mountain Mine [4] Advisory Board Appointment - Mr. Taylor Sulik has been appointed to Rockland's Advisory Board, bringing over seven years of experience in U.S. intelligence and security [2] - Sulik is also the president of Mithril Mining Corp., which focuses on U.S.-based critical-mineral deposits [2] - His expertise in critical minerals and connections within the defense and industrial sectors are expected to support Rockland's beryllium projects [3] Beryllium Significance - Beryllium is classified as a critical mineral by the U.S. government and has applications in various sectors including aerospace, telecommunications, and defense [4] - The company is advancing critical minerals exploration, particularly in beryllium, at its Meteor, Beryllium Butte, and Claybank projects [4] Stock Options - Rockland has set 200,000 options to consultants at a price of $0.11 for a period of two years [3]