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Troilus to Accompany Prime Minister of Canada and Minister of Energy and Natural Resources on Critical Minerals Mission to Germany; Also Participating in Japan and Korea Investment Forums
Globenewswire· 2025-08-25 12:52
Core Insights - Troilus Gold Corp. has been invited to participate in two significant Canadian government-led international missions, highlighting the strategic importance of its copper-gold project to Canada's critical minerals agenda [1][4] - The company will join a Canadian business delegation to Berlin, Germany, to showcase its role as a major future copper-gold producer and its partnerships with key players in the supply chain [2][4] - Troilus will also attend the Canadian Critical Minerals Investment Forum in Tokyo, Japan, and Seoul, Korea, to engage with global investors and industry leaders [3][4] Company Overview - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the former Troilus Mine towards production, located in Quebec, Canada [5] - The company holds a significant land position of 435 km² in the Frôtet-Evans Greenstone Belt and has completed a Feasibility Study supporting a large-scale 22-year, 50ktpd open-pit mining operation [5]
Cordoba Minerals Announces Filing and Mailing of Special Meeting Materials in Connection with Proposed Sale of the Alacran Project and Provides Transaction Update
Newsfile· 2025-08-19 22:09
Core Viewpoint - Cordoba Minerals Corp. is moving forward with the proposed sale of its remaining 50% interest in the Alacrán Project and other exploration assets in Colombia, along with a cash distribution plan for shareholders, pending shareholder approval at a special meeting scheduled for September 15, 2025 [1][4][8]. Group 1: Transaction Details - The company has filed a management information circular and related materials for a special meeting to discuss the proposed sale of its assets and the cash distribution to shareholders [1][2]. - Shareholders of record as of August 11, 2025, are eligible to vote on the proposed transaction and distribution [2][3]. - The Board of Directors recommends that shareholders vote in favor of both the Transaction Resolution and the Distribution Resolution [4]. Group 2: Meeting Logistics - The special meeting will be held online on September 15, 2025, at 10:00 a.m. Pacific time, with provisions for adjournment or postponement [5]. - Shareholders are encouraged to vote in advance using the provided proxy or voting instruction form [5][6]. Group 3: Transaction Update - The completion of the transaction is contingent upon the approval of the Environmental Impact Assessment by Colombia's environmental authority, shareholder approval, and final approval from the TSX Venture Exchange [8]. - The company anticipates closing the transaction in the fourth quarter of 2025, having already received conditional approval from the TSX Venture Exchange [8]. Group 4: Distribution Information - Registered shareholders must complete a residency declaration form to be eligible for the cash distribution, which will be included with the meeting materials [9]. - Further details regarding the distribution and the residency declaration form are available in the management information circular [9]. Group 5: Company Overview - Cordoba Minerals Corp. focuses on the exploration, development, and acquisition of copper and gold projects, including the Alacrán Project in Colombia and the Perseverance Copper Project in Arizona, USA [10].
Quarterly Activities Report
Globenewswire· 2025-07-30 02:53
Core Viewpoint - Xanadu Mines Ltd is undergoing a significant corporate transaction with Bastion Mining Pty Ltd, which has made an off-market takeover bid for the company, acquiring over 90% of its shares and issuing a Notice of Compulsory Acquisition for the remaining shares [2][16]. Corporate Transaction - The Board of Xanadu recommended the takeover offer from Bastion, which was priced at A$0.08 per share, representing a 57% premium to Xanadu's closing price on 16 May 2025 [6][8]. - Bastion's takeover offer was declared unconditional after it acquired more than 50% of Xanadu shares, and the Board urged shareholders to accept the offer promptly [6][15]. - The exclusivity arrangement with Zijin Mining Group Co. Ltd expired without finalizing a control transaction, leading to renewed discussions with other interested parties [5][6]. Financial Highlights - As of 30 June 2025, Xanadu held A$18.532 million in cash and had 2,291,211,189 fully paid ordinary shares issued [20][18]. - During the quarter, Xanadu raised A$17.2 million through a share subscription agreement with Bastion, which involved the subscription of 286,829,633 shares at A$0.06 each [21][22]. - The company reported net cash used in operating activities of A$2.321 million for the quarter [45]. Project Development - Xanadu's Kharmagtai Copper and Gold Project is expected to be a major mine in Mongolia, with Bastion and Zijin Mining Group set to advance the project towards production [4][5]. - Technical discussions for the Bankable Feasibility Study (BFS) at Kharmagtai continued during the quarter, alongside community and regulatory engagement programs [17]. Shareholder Engagement - The Takeover Board Committee of Xanadu unanimously recommended that shareholders accept Bastion's offer, contingent on the absence of a superior proposal and the Independent Expert's assessment of the offer's fairness [11][15]. - Following the acquisition of over 90% of shares, Bastion issued a Notice of Compulsory Acquisition for the remaining shares, indicating its intent to delist Xanadu from ASX and TSX exchanges [13][16].
Atico Mining Announces Closing of the Fully Subscribed $3.2M LIFE Offering, Raising $6.5M Combined with the Rights Offering
Globenewswire· 2025-07-28 20:29
Core Viewpoint - Atico Mining Corporation successfully closed its LIFE Offering and Rights Offering, raising a total of approximately $6.49 million to strengthen its financial position and advance strategic goals at its El Roble mine and La Plata project [1][2]. Group 1: Offerings Details - The LIFE Offering involved the sale of 29,090,910 units at a subscription price of $0.11 per unit, generating gross proceeds of $3.2 million [1]. - The aggregate gross proceeds from both the LIFE Offering and the Rights Offering amounted to $6,487,572.42 [1]. - Each LIFE Unit consisted of one common share and one transferable warrant, with the warrant exercisable at $0.18 for two years [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to the development of the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [5]. Group 3: Related Party Transactions - Certain officers of the Company acquired a total of 590,001 LIFE Units, classifying the LIFE Offering as a related party transaction [6]. - The LIFE Offering is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to specific conditions met [6]. Group 4: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata project [9].
WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION
Prnewswire· 2025-07-15 11:30
Core Viewpoint - Western Copper and Gold Corporation is advancing its Casino Project by submitting an Environmental and Socio-economic Effects Statement (ESE Statement) to the Yukon Environmental and Socio-economic Assessment Board (YESAB) by the end of October 2025, highlighting the project's commitment to sustainability and community engagement [1][2][4]. Group 1: Project Development - The ESE Statement includes extensive technical work, environmental and socio-economic baseline studies, and assessments [2]. - The company is in the final stages of compiling and refining the ESE Statement, indicating significant progress in the project [3]. - Western Copper and Gold Corporation is the first to undertake a Panel Review in the Yukon, which is the highest level of rigor for project assessment in the territory [4]. Group 2: Community Engagement - The company has achieved a high level of consultation with First Nations and local communities, which is enhancing the project's strength [2]. - The feedback from community engagement is being integrated into the project development process [2]. Group 3: Strategic Positioning - The Casino Project is positioned as one of Canada's largest and most advanced critical minerals projects, aligning with Yukon and Federal priorities around resource security and infrastructure development [4][5]. - The company emphasizes its commitment to responsible mining technologies and practices while collaborating with local communities [5].
Northwest Copper Announces Closing of Oversubscribed Private Placement
Globenewswire· 2025-07-04 11:00
Core Viewpoint - NorthWest Copper Corp. successfully closed an oversubscribed non-brokered private placement financing, raising a total of $555,000 through the sale of 2,775,000 units at $0.20 per unit, which will primarily be used for general working capital purposes [1][2]. Financing Details - The private placement consisted of 2,775,000 units priced at $0.20 each, resulting in gross proceeds of $555,000 [2]. - Each unit includes one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 until July 3, 2027 [2]. - The company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants, also exercisable at $0.30 until July 3, 2027 [3]. Strategic Insights - CEO Paul Olmsted highlighted that the increased demand for the private placement reflects confidence in the company's new strategic approach at Kwanika, focusing on higher-grade zones within current mineralization [3]. - The financing is seen as a crucial step in preparing for the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika [3]. Related Party Transactions - Three directors of the company acquired a total of 400,000 units for $80,000, which qualifies as a related party transaction [5]. - These transactions are exempt from certain requirements under Multilateral Instrument 61-101 due to the fair market value of the securities not exceeding 25% of the company's market capitalization [5]. Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [7]. - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [7].
Cordoba Minerals Announces Voting Results from Annual General Meeting of Shareholders
Newsfile· 2025-06-10 00:15
Core Points - Cordoba Minerals Corp. held its Annual General Meeting of Shareholders on June 9, 2025, where all nominated directors were elected [1] - Shareholders voted overwhelmingly in favor of the re-appointment of Deloitte LLP as the company's auditors for the upcoming year [2] - The company's stock option plan was re-approved, allowing for the issuance of shares not exceeding 10% of the company's issued and outstanding shares, pending final approval from the TSX Venture Exchange [3] Company Overview - Cordoba Minerals Corp. is focused on the exploration, development, and acquisition of copper and gold projects, including the Alacran Project in Colombia and a 51% interest in the Perseverance Copper Project in Arizona, USA [4]
American Eagle's 30,000 metre Drill Campaign at NAK is Underway
Newsfile· 2025-05-22 10:00
Core Viewpoint - American Eagle Gold Corp. has initiated a fully funded 30,000-metre drill program at its NAK copper-gold porphyry project in British Columbia, aiming to expand high-grade mineralization and explore new targets [2][10]. Group 1: Drill Program Overview - The 2025 drill program builds on previous successes and incorporates a robust interpretive model developed during the offseason, which included relogging core and integrating 3D geophysical interpretations [3][4]. - Objectives for the drill program include expanding the high-grade, near-surface copper-gold zone in the southern section of the Main Zone, identifying new high-grade zones in the northern section and at depth, and drilling newly identified targets in untested areas [4][9]. Group 2: Target Areas and Strategy - Initial drilling will focus on untested segments of mineralized trends and dyke phases, prioritizing near-surface, higher-grade areas adjacent to the gold-enriched southern section of the Main Zone [5]. - High-priority targets include the largely untested "IP Embayment" south of drill hole NAK23-09, which has shown localized outcropping mineralization and high copper and gold geochemistry [6]. - Exploration will also target the eastern margin of the stock, following up on historical intercepts and geophysical anomalies that indicate potential mineralization [7]. Group 3: Project Infrastructure and Financial Position - The NAK project benefits from excellent infrastructure, including road access and proximity to towns along a major rail line, which supports exploration efforts [8][11]. - The company has over $37 million in cash, supported by strategic investments from Teck Resources and South32, positioning it well for the current drill program [12].
Dr. Steve Garwin Provides Independent Review of American Eagle's NAK Project
Newsfile· 2025-05-13 10:00
Core Insights - American Eagle Gold Corp. is advancing its 100%-owned NAK copper-gold porphyry project in British Columbia, with an independent review conducted by Dr. Steve Garwin, a renowned expert in porphyry geology [1][4]. Group 1: Project Overview - The NAK Project is located in the Babine copper-gold porphyry district of central British Columbia, featuring excellent infrastructure and proximity to key towns [3]. - Historical drilling has revealed a large near-surface copper-gold system measuring over 1.5 km x 1.5 km, with recent drilling indicating significant high-grade mineralization beyond previous depths [3]. Group 2: Drilling Campaign - A fully funded 30,000-metre drill campaign is set to begin in the second half of May 2025, marking one of the most extensive single-season drill campaigns in the Babine region [2]. - This year's drilling program is backed by strategic investments from Teck Resources and South32, and will exceed the total metres drilled by the company over the past three years combined [2]. Group 3: Financial Position - The company has over $37 million in cash, supported by strategic partnerships formed with Teck Resources and South32 in the past two years, positioning it well to advance the NAK project [4].
Euro Sun Mining Advancing Rovina Valley Project Following Strategic EU Designation
Globenewswire· 2025-05-07 20:05
Core Insights - Euro Sun Mining Inc. is making progress on its Rovina Valley Project in Romania, which has been designated as a strategic asset under the EU's Critical Raw Materials Act [1][7] - A high-level meeting was held with Romania's Minister of Environment to ensure compliance with the CRMA and to discuss the submission of an updated environmental impact assessment [2][3] - The CEO of Euro Sun expressed optimism about the collaboration with the Romanian government, emphasizing the importance of early engagement on environmental assessments [3] Company Overview - Euro Sun Mining Inc. is listed on the Toronto Stock Exchange and focuses on the exploration and development of its 100%-owned Rovina Valley Project, which is the second largest copper and gold deposit in Europe [4] - The Rovina Valley Project is expected to generate significant investment and job creation in Hunedoara County, contributing to Europe's green energy transition [4] Strategic Developments - The Romanian government has shown strong support for the Rovina Valley Project, highlighting the need for a single point of contact to facilitate compliance with the CRMA [2][3] - The company is committed to working closely with Romanian authorities and EU institutions to ensure the responsible development of the project [3]