Workflow
Indium
icon
Search documents
Almadex Provides Review of Canadian Zinc-Silver Assets Including the Logan Project
Globenewswire· 2025-07-25 17:32
Core Viewpoint - Almadex Minerals Ltd. is advancing its Logan Zinc-Silver Project in Yukon, Canada, while also holding a 2% net smelter return royalty on the Tim Property, which is being developed by Coeur Mining, indicating strong potential for resource expansion and strategic partnerships in critical minerals [1][5][11]. Logan Project Highlights - The Logan Project is located 108 km northwest of Watson Lake, Yukon, and contains a significant zinc-silver resource, with mineralization starting at surface and extending to at least 275 meters in depth [2][4]. - The mineral resource estimate includes an Indicated Mineral Resource of 2.6 million tonnes grading 5.1% zinc and 23.1 g/t silver, and an Inferred Mineral Resource of 16.9 million tonnes grading 4.3% zinc and 18.2 g/t silver [9]. - Drill results indicate excellent continuity of mineralization and potential for resource expansion both laterally and at depth, with historical drill core re-analysis revealing economically significant indium values averaging 35 ppm and up to 273 ppm [3][4]. Tim Property NSR - Almadex holds a 2% NSR royalty on the Tim Property, which is being advanced by Coeur Mining under an option agreement, allowing Coeur to earn up to an 80% interest through staged exploration expenditures [6][11]. - Coeur has invested approximately $1.6 million to date, completing various exploration activities including a six-hole, 2,250-meter drill program in 2024 [7][10]. - Recent geological observations suggest that Tim may host a productive Carbonate Replacement Deposit (CRD) system, with significant silver-lead-zinc potential [8][11]. Strategic Significance - The combination of the Logan Project's updated mineral resource and Almadex's strategic royalty exposure at Tim positions the company as a unique participant in the critical and precious metals landscape in Yukon and northern British Columbia [11][15]. - The company is currently focused on a large regional exploration program in the western United States while seeking a qualified partner to advance the Logan Project [5][11].
Metallium (MTM Critical Metals) Upgraded to OTCQX Market
Prnewswire· 2025-07-10 13:31
Company Overview - MTM Critical Metals Ltd, soon to be renamed Metallium Ltd, has upgraded to the OTCQX® Best Market from the OTCQB® Venture Market, enhancing visibility and access for North American investors [1] - The company is focused on recovering critical and precious metals through a low-carbon, high-efficiency approach via its U.S. subsidiary, Flash Metals USA Inc [4] Strategic Developments - The upgrade to OTCQX is a significant step in the company's U.S.-focused strategy, allowing easier trading for U.S. shareholders and enabling shares to be purchased in U.S. dollars during local market hours [2] - The company is developing its first commercial Flash Joule Heating facility in Texas, targeting revenue from high-value materials such as gallium, germanium, rare earth elements, gold, and silver [2][5] Financial Position - The company recently completed a $50 million institutional capital raise to accelerate its commercialization efforts in the U.S. [3] - The upgrade to OTCQX will enhance the availability of the company's shares and expand Blue Sky compliance across multiple U.S. states [2] Technology and Operations - Flash Metals USA is commercializing the patented Flash Joule Heating (FJH) process, which is a selective thermal method for recovering metals without acids or smelting [5] - The first commercial plant in Texas is designed to recover various metals, including gallium, germanium, indium, gold, silver, and copper, aligning with U.S. industrial modernization efforts [5]