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Yukon Metals Appoints Jim Coates as Permanent Full-Time CEO
Globenewswire· 2026-03-02 12:58
Core Viewpoint - Yukon Metals Corp. has appointed Jim Coates as the permanent CEO, emphasizing his commitment to advancing the company's strategic exploration priorities in a favorable commodities market [1][2]. Company Overview - Yukon Metals Corp. is a well-financed exploration company with a portfolio of 17 projects covering over 43,000 hectares, focusing on copper, gold, silver, and critical metals [4]. - The company aims to advance high-priority drill targets at the Birch and AZ copper-gold systems and the Star River gold-silver project while conducting generative exploration across its broader portfolio [4]. Leadership and Strategy - Jim Coates has over two decades of experience in mineral exploration and has been involved with Yukon Metals for the past two years in various roles, including Interim CEO [2][3]. - The company’s strategy emphasizes inclusiveness and shared prosperity, aiming to foster sustainable growth within local communities while enhancing shareholder value [5]. Industry Context - The Yukon Territory is recognized as one of the last underexplored mineral belts globally, presenting exceptional discovery potential [6]. - Recent major discoveries in the region, such as Snowline Gold Corp.'s Rogue Project, highlight the Yukon's capacity to generate new district-scale mining opportunities [6].
Searchlight Completes Sale of Kulyk Lake and Daly Lake Projects to Monazite Metals Corp.
TMX Newsfile· 2026-02-09 13:00
Core Viewpoint - Searchlight Resources Inc. has successfully closed an agreement with Monazite Metals Corp. to sell its Kulyk Lake and Daly Lake projects, allowing the company to focus on its flagship gold projects near Flin Flon [1][2]. Agreement Details - The MMC Agreement is an arms-length transaction with Monazite Metals Corp., a private corporation based in British Columbia [2]. - The total compensation for the sale includes $180,000 in cash, $1,020,000 in shares of Monazite Metals, a $300,000 payment contingent on achieving certain milestones, and a 1% Net Smelter Royalty [8]. Company Focus - Searchlight Resources is shifting its exploration efforts towards its gold projects, particularly the reopening of the estimated 1,500 meters of underground workings at the high-grade Rio Gold Mine [2]. - The company is recognized for its focus on mineral exploration and development in Saskatchewan, which is noted as a top location for mining investment in Canada [5].
VR Confirms Effective Date of Previously Announced Consolidation
Globenewswire· 2026-01-14 00:00
Core Viewpoint - VR Resources Limited is proceeding with a brokered private placement offering of up to 17,187,500 units for total gross proceeds of $2,750,000, alongside a consolidation of its common shares on a 10-for-1 basis, pending approval from the TSX Venture Exchange [1][2]. Company Overview - VR Resources Limited is a junior exploration company based in Vancouver, focusing on copper, gold, and critical metals in Nevada, USA, and Ontario, Canada [4]. - The company utilizes modern exploration technologies and has a proven track record in early-stage exploration, discovery, and mergers and acquisitions [4]. Share Consolidation Details - The company currently has 133,443,467 common shares issued and outstanding, which will reduce to approximately 13,344,346 post-consolidation shares, excluding those to be issued in connection with the offering [2]. - The consolidation will take effect on January 19, 2026, with the new ISIN number being CA91831M2040 and the CUSIP number 91831M204 [2]. Offering Conditions - The completion of the offering is conditional upon the successful execution of the share consolidation [2].
Eagle Plains Announces Fully Funded Drill Program at the George Lake Critical Metals Project, Saskatchewan
Accessnewswire· 2026-01-12 12:00
Group 1 - Eagle Plains Resources Ltd. is planning its 2026 diamond drill program at the 100% owned George Lake Project [1]
VR Upsizes Brokered Private Placement Led by Centurion One Capital to $1,500,000
Globenewswire· 2026-01-09 12:00
Core Viewpoint - VR Resources Limited has announced an increase in its brokered private placement offering due to significant investor demand, raising the total offering to 9,375,000 units for gross proceeds of $1,500,000 [1] Offering Details - Each unit will be priced at $0.16 and will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.20 for 36 months [2] - The offering is contingent upon a consolidation of the company's shares at a ratio of ten pre-consolidation shares for one post-consolidation share, pending approval from the TSX Venture Exchange [3] - Following the consolidation, the company will have approximately 13,344,346 shares outstanding, excluding shares issued in connection with the offering [3] Agent and Commissions - Centurion One Capital Corp. is acting as the lead agent and will receive an 8% commission on the cash proceeds from the sale of the units, along with broker warrants equal to 8% of the units issued [4] Closing and Conditions - The offering is expected to close around January 16, 2026, subject to necessary approvals, including that of the TSX Venture Exchange [5] - The securities issued will have a hold period of four months and one day from the closing date [5] Jurisdiction and Compliance - The units will be offered via private placement in British Columbia, Alberta, and Ontario, as well as in the United States under an exemption from registration requirements [6]
VR Amends Brokered Private Placement Led by Centurion One Capital, amends Consolidation, and Continues Planning towards Exploration on its New Boston and Bonita Porphyry Projects in Nevada in 2026
Globenewswire· 2026-01-07 12:30
Core Viewpoint - VR Resources Limited is conducting a brokered private placement to raise up to $500,000 through the sale of units, with a concurrent share consolidation planned [2][3]. Group 1: Offering Details - The revised terms of the Offering include an issue price of $0.16 per Unit, which consists of one common share and one purchase warrant [2]. - Each Warrant allows the holder to acquire an additional common share at an exercise price of $0.20 for 36 months from issuance [2]. - The Offering is conditional upon a share consolidation of ten pre-consolidation shares for one post-consolidation share, pending approval from the TSX Venture Exchange [3]. Group 2: Share Consolidation - Currently, the company has 133,443,467 shares outstanding, which will reduce to approximately 13,344,346 shares post-consolidation, excluding shares issued in connection with the Offering [3]. - The consolidation is expected to occur around January 15, 2026 [3]. Group 3: Commission and Closing - A commission of 8% of the cash proceeds from the sale of the Units will be payable to the Lead Agent, along with non-transferable broker warrants equal to 8% of the Units issued [4]. - The Offering is anticipated to close on or around January 16, 2026, subject to necessary approvals [5]. Group 4: Regulatory Compliance - The Units will be offered via private placement in British Columbia, Alberta, and Ontario, and in the U.S. under an exemption from registration requirements [6]. - The securities issued will have a hold period of four months and one day from the Closing Date [5]. Group 5: Company Overview - VR Resources is a junior exploration company based in Vancouver, focusing on copper, gold, and critical metals in Nevada and Ontario [9]. - The company utilizes modern exploration technologies and has a proven track record in early-stage exploration and M&A [9]. Group 6: Lead Agent Overview - Centurion One Capital aims to support visionary entrepreneurs with transformative capital and expertise, emphasizing respect, integrity, and performance [10].
VR Extends Brokered Private Placement Led by Centurion One Capital, and Continues Planning towards Exploration on its New Boston and Bonita Projects in Nevada in 2026
Globenewswire· 2025-12-22 12:21
Core Viewpoint - VR Resources Limited has extended the date for its proposed offering of up to $1.5 million in units to January 18, 2026, while continuing to plan for exploration programs in 2026 on its New Boston and Bonita porphyry projects in Nevada [1][6] Offering Details - The offering consists of units that include one common share and one share purchase warrant, with a commission of 8% payable to the lead agent, Centurion One Capital Corp, on the aggregate cash proceeds [2][3] - The offering is expected to close around January 18, 2026, subject to necessary approvals and the completion of a 5 to 1 share consolidation [3] - The units will be offered via private placement in British Columbia, Alberta, Ontario, and certain jurisdictions outside Canada and the U.S., exempt from U.S. registration requirements [4] Company Overview - VR Resources is a junior exploration company based in Vancouver, focusing on copper, gold, and critical metals in Nevada and Ontario, utilizing modern exploration technologies and in-house expertise [6]
Searchlight Enters into Sale Agreement of Kulyk Lake and Daly Lake Projects to Monazite Metals Corp.
TMX Newsfile· 2025-12-18 12:30
Core Viewpoint - Searchlight Resources Inc. has entered into an agreement to sell its Kulyk Lake and Daly Lake projects to Monazite Metals Corp, allowing the company to focus on its gold exploration projects [1][2]. Group 1: Agreement Details - The MMC Agreement is an arms-length transaction with Monazite Metals Corp, a private British Columbia corporation [2]. - The total compensation for the sale includes $180,000 in cash, 10 million shares of Monazite Metals, a 1% Net Smelter Royalty, and potential additional payments of $300,000 based on drilling results [12]. - The cash payment of $180,000 will be made upon closing, and the Net Smelter Royalty can be bought out by Monazite for $1,000,000 at any time [12]. Group 2: Company Focus and Strategy - Following the sale, Searchlight will concentrate its exploration efforts on its flagship Robinson Creek Gold project, which is 100% owned by the company [2]. - The company is planning a 2,000-meter drill program for the Robinson Creek Gold project [2]. Group 3: Management Changes - Jason Powell has been appointed as the Manager of Corporate Development, bringing over 15 years of experience in investor engagement and strategic growth in the mining sector [3][4]. - 51 Media Ltd. will assist in increasing awareness of Searchlight's activities in the financial community, receiving a monthly fee of $5,000 for their services [6]. Group 4: Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, recognized as a top mining investment location by the Fraser Institute [8]. - The company's exploration focus includes gold, copper, and other critical metals, emphasizing projects with nearby infrastructure [8].
Midland Announces Closing of $3.0M Private Placement
Globenewswire· 2025-12-09 21:30
Core Points - Midland Exploration Inc. has completed a non-brokered private placement, issuing a total of 4,972,876 flow-through shares at $0.56 each and 550,000 common shares at $0.46 each, raising total gross proceeds of $3,037,811 [1][2] - Centerra Gold Inc. has exercised its right to maintain approximately 9.9% ownership by acquiring 550,000 shares as part of the private placement [2] - Insiders participated in the private placement, acquiring 443,500 flow-through shares for total gross proceeds of $348,360, which is classified as a related party transaction [3] - Following the private placement, Midland has 112,973,453 common shares issued and outstanding, and the transaction is subject to final acceptance by the TSX Venture Exchange [4] Financial Details - The total gross proceeds from the private placement amount to $3,037,811, with $348,360 raised from insider participation [1][3] - Finder's fees totaling $116,485 were paid to third parties in connection with the private placement [4] Company Strategy - Midland plans to use the proceeds from the private placement to fund exploration activities on its properties in Quebec and for general corporate purposes [2] - The company is focused on discovering new world-class deposits of gold and critical metals in Quebec and aims to build its portfolio through partnerships and additional agreements [5]
Trimera Metals Announces Effective Date of Name and Symbol Change
Newsfile· 2025-11-28 02:30
Core Points - The company has changed its name from "Trimera Metals Corp." to "United Critical Minerals Corp." and its ticker symbol from "TRM" to "UCM" [1][2] - Trading under the new name and symbol will commence on December 1, 2025 [2] - New CUSIP (91016A108) and ISIN (CA91016A1084) numbers have been assigned to the common shares, and no action is required from shareholders [3] - The CEO stated that the name change reflects the company's strategic shift towards critical metals in response to high demand in the United States [4] - The company is focused on the exploration and development of its Tahlo Lake property, which consists of four wholly owned mining claims totaling approximately 1,692 hectares [5]