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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]
Shares of Australian rare earth companies surge on $8.5 billion U.S. critical minerals deal
CNBC· 2025-10-21 01:47
Group 1 - A significant minerals deal worth up to $8.5 billion was announced between the U.S. and Australia, leading to a surge in shares of major Australian critical metals and rare earths companies [1][2] - Lynas Rare Earths saw a 4.7% increase, Iluka Resources rose over 9%, and Pilbara Minerals gained approximately 5% in early trading [2] - Smaller rare earth miners experienced substantial gains, with VHM soaring around 30%, Northern Minerals increasing over 16%, and Latrobe Magnesium rising nearly 47% [3] Group 2 - Alcoa, which is developing a gallium recovery project in Western Australia, was identified as a priority project under the new minerals deal, with Washington making an equity investment [3][4] - Alcoa's shares rose nearly 10% on the Australian Securities Exchange [4] - The agreement emphasizes the importance of rare earths and critical metals for high-tech products, including electric vehicles and defense equipment, amid China's tightened export controls [4] Group 3 - Both the U.S. and Australia will contribute $1 billion each over the next six months for immediately available projects, with a total investment of more than $3 billion planned [5] - The Export-Import Bank of the United States will issue letters of interest for over $2.2 billion in financing, potentially unlocking up to $5 billion in total investment [5]
First Lithium Minerals Corp Completes Flow-Through Financing
Newsfile· 2025-09-26 21:53
Core Points - First Lithium Minerals Corp. has completed a flow-through financing for gross proceeds of $75,000 by issuing 937,500 flow-through shares at an issue price of $0.08 per share [1][2] - Insiders of the Company purchased 500,000 flow-through shares, which is classified as a related party transaction under CSE policies [3] - The Company is exploring lithium and alkali metals at its 100% owned Ascotan Project in Chile and is planning its inaugural drilling program [4] Financing Details - The financing raised a total of $75,000 through the issuance of 937,500 flow-through shares at $0.08 each [1] - Finders fees amounted to $2,450 in cash and 30,625 finders warrants, each exercisable into a common share at an exercise price of $0.08 for 18 months [2] Insider Participation - Insiders purchased 500,000 flow-through shares, which is considered a related party transaction [3] - The Company is relying on exemptions from formal valuation and minority shareholder approval requirements as the transaction does not exceed 25% of the Company's market capitalization [3] Company Overview - First Lithium Minerals is a Canadian mineral exploration and development company focused on lithium and alkali metals [4] - The Ascotan Project covers approximately 1,775 hectares in the Salar de Ascotan, Antofagasta Region, Chile, with identified priority exploration drill targets [4] - The Company is also exploring for gold and critical metals at its Lidstone project, which consists of 17,300 hectares in northwestern Ontario, Canada [4]
First Lithium Minerals Announces Flow-Through Financing
Newsfile· 2025-09-05 10:00
Core Viewpoint - First Lithium Minerals Corp. is initiating a flow-through financing to raise up to $600,000 through the issuance of flow-through shares at an issue price of $0.08 per share [1][2]. Financing Details - The company plans to issue up to 7,500,000 flow-through shares [1]. - The gross proceeds will be allocated to eligible Canadian exploration expenses related to the company's properties in Ontario [2]. - The qualifying expenditures will be renounced in favor of subscribers by December 31, 2025, totaling at least the gross proceeds raised [2]. Securities Information - All securities issued under the offering will be subject to a hold period of four months and one day from the closing date [3]. Company Overview - First Lithium Minerals is a Canadian mineral exploration and development company focused on lithium and alkali metals at its Ascotan Project in Chile, covering approximately 1,775 hectares [4]. - The company is also exploring for gold and critical metals at its Lidstone project, which consists of 17,300 hectares of mining claims in northwestern Ontario [4].
Multiple Mineralized Skarn Horizons Intersected at the Birch Copper-Gold Project
Globenewswire· 2025-09-03 11:00
Core Insights - Yukon Metals Corp. is advancing its exploration activities at the Birch Property, which spans 7,000 hectares and is located in Yukon, Canada. The ongoing drill program aims to explore a 1.4-kilometre-long gold and copper anomaly, with initial results indicating significant mineralization potential [1][3][4]. Exploration Activities - The 2025 drill program has successfully intersected multiple zones of mineralization, suggesting both scale and continuity within the Birch system. The program has encountered retrograde skarn mineralization and various rock types, including marble and intrusive dykes [5][15]. - A total of 1,100 metres of diamond drilling has been completed across three pad locations, with all holes intersecting mineralized skarn horizons. The mineralized zones range in thickness from 0.2 to 46 metres [7][14]. Drill Hole Results - The initial three drill holes (BR25-001, BR25-002, and BR25-003) have shown promising results, with mineralization starting at depths as shallow as 25 metres. Notably, hole BR25-001 intersected a significant skarn horizon with chalcopyrite and pyrrhotite [6][8][12]. - Hole BR25-002 revealed mineralization associated with intrusive contacts, while hole BR25-003 encountered a continuous interval of intensely skarn-altered rock [12][14]. Geological Context - The Birch project is situated within the Finlayson assemblage of the Yukon-Tanana Terrane, characterized by schists, marble, and various intrusive rocks. The geological setting is conducive to the development of a large, multistage skarn system [20][21]. Company Overview - Yukon Metals Corp. is a well-financed exploration company with a portfolio of 17 projects covering over 43,000 hectares. The company focuses on advancing high-priority drill targets and conducting generative exploration to identify new discovery opportunities [22][23].