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Nine Mile Metals Announces Upsizing of LIFE Offering
TMX Newsfile· 2026-01-13 22:00
Core Viewpoint - Nine Mile Metals Ltd. has increased its financing offering from gross proceeds of up to $4 million to $6.2 million due to strong investor demand [1] Financing Details - Each Unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at a price of $0.30 for two years [1] - The offering will be available to purchasers in all Canadian provinces except Quebec, under the listed issuer financing exemption [2] - The expected closing date for the offering is around January 19, 2026, subject to regulatory approvals [3] Finder's Fees - The company may pay finder's fees of 8% of the gross proceeds in cash and issue finder warrants equal to 8% of the number of Units sold [4] - Each Finders Warrant will allow the purchase of one additional Unit at a price of $0.19 for two years, subject to a four-month hold period [4] Warrant Expiry Acceleration - If the daily volume-weighted average trading price of the common shares reaches or exceeds $0.50 for ten consecutive trading days, the company may accelerate the expiry date of the warrants with a 30-day notice [5] Use of Proceeds - Proceeds from the offering will be allocated for exploration activities and related expenses on critical minerals projects in the Bathurst Mining Camp, as well as general administrative obligations [6] Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada, with a primary objective to explore four VMS projects [9]
Armory Mining Engages Plutus Invest & Consulting GmbH
Thenewswire· 2025-11-17 13:00
Core Viewpoint - Armory Mining Corp. has entered into a marketing agreement with Plutus Invest and Consulting GmbH to enhance corporate awareness in Europe through marketing and communications services from November 17, 2025, to May 16, 2026 [1][2]. Group 1: Marketing Agreement Details - The initial fee for the marketing services is set at €100,000, with a potential additional fee of up to €250,000 if the campaign is extended [2]. - No securities will be issued to Plutus as compensation for the media services [2]. - The agreement was negotiated at arm's length and is subject to certain conditions, including the submission of required forms to the Canadian Securities Exchange (CSE) [3]. Group 2: Company Overview - Armory Mining Corp. is focused on the exploration of minerals critical to the energy, security, and defense sectors [4]. - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia, along with an option for a 100% interest in the Ammo antimony-gold project in Nova Scotia [4].
Nova Pacific Intersects Massive Sulphide Mineralization at Lara Project - Rush Assays Pending
Newsfile· 2025-05-29 12:30
Core Viewpoint - Nova Pacific Metals Corp. is advancing its Phase 1 drill program at the Lara VMS Project, with early indications of significant mineralization and a focus on both verifying historical resources and exploring new targets [3][4][9]. Group 1: Drill Program Details - The Phase 1 exploration program aims to complete approximately 8,500 meters across 39 drill holes, with 3,105 meters drilled so far [4][6]. - Initial drill holes have visually confirmed massive sulphide mineralization, including key VMS-style minerals such as sphalerite, galena, chalcopyrite, and pyrite [6][8]. - The first four drill holes have been sampled and are being sent for rush assay to ALS Geochemistry in North Vancouver [5][6]. Group 2: Objectives and Expectations - The program has two main objectives: confirming the historical resource and demonstrating expansion potential by testing new high-priority exploration targets [9][10]. - A current mineral resource estimate is targeted for Q4 2025, contingent on assay results from the ongoing drilling [11][10]. Group 3: Historical Resource Context - The Lara Project has a historical resource estimate based on over 58,000 meters of drilling in 323 holes, with indicated resources of 1,146,700 tonnes at 3.01% zinc and inferred resources of 669,600 tonnes at 2.26% zinc [11][10]. - The historical resource is not currently compliant with NI 43-101 standards and has not been validated by a Qualified Person [10]. Group 4: Broader Exploration Potential - The Lara Project encompasses 19 mineral claims over 4,671 hectares, with ongoing evaluations of six additional mineralized zones beyond the Coronation Trend [13][14]. - The potential for lens-stacking and stratigraphic clustering typical of VMS systems supports a broader exploration thesis [15].
Emerita Files NI 43-101 Technical Report for the IBW Project, Marking a 35% Increase in Total Indicated Resources and a 44% Increase in Total Inferred Resources
Globenewswire· 2025-04-30 11:00
Core Viewpoint - Emerita Resources Corp. has filed an independent NI 43-101 compliant technical report for its Iberian Belt West Project in Spain, supporting an updated Mineral Resource Estimate announced on March 17, 2025 [1][2]. Group 1: Technical Report and Mineral Resource Estimate - The technical report titled "NI 43-101 Technical Report on the Iberian Belt West Project, Spain" was prepared by Wardell Armstrong International Limited and has an effective date of February 26, 2025 [2]. - The updated Mineral Resource Estimate is based on 105,554 meters of drilling, comprising 299 drill holes across three deposits: La Romanera, La Infanta, and El Cura [3]. - The total indicated Mineral Resource Estimate is 18.96 million tonnes (Mt) grading 2.88% zinc, 1.42% lead, 0.5% copper, 66 g/t silver, and 1.28 g/t gold, with a total inferred estimate of 6.80 Mt grading 3.25% zinc, 1.50% lead, 0.73% copper, 56.3 g/t silver, and 0.77 g/t gold [7]. Group 2: Individual Deposits - La Romanera deposit contains an indicated MRE of 17.34 Mt grading 2.64% zinc, 1.25% lead, 0.43% copper, 65 g/t silver, and 1.34 g/t gold, with an inferred MRE of 4.13 Mt grading 3.08% zinc, 1.27 g/t lead, 0.61% copper, 49.7 g/t silver, and 0.82 g/t gold [7]. - La Infanta deposit has an indicated MRE of 1.09 Mt grading 7.38% zinc, 4.39% lead, 1.08% copper, 94.6 g/t silver, and 0.35 g/t gold, with an inferred MRE of 1.91 Mt grading 4.08% zinc, 2.23% lead, 0.66% copper, 74 g/t silver, and 0.38 g/t gold [7]. - El Cura deposit contains an indicated MRE of 0.53 Mt grading 1.58% zinc, 0.69% lead, 1.45% copper, 42.9 g/t silver, and 1.41 g/t gold, with an inferred MRE of 0.76 Mt grading 2.08% zinc, 0.91% lead, 1.51% copper, 48 g/t silver, and 1.46 g/t gold [7]. Group 3: Company Overview - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office and technical team based in Sevilla, Spain, and an administrative office in Toronto, Canada [5].