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LEADING EDGE MATERIALS' PROGRESS UPDATE ON ROMANIAN EXPLORATION PROJECT
Globenewswire· 2026-02-03 07:30
Core Insights - Leading Edge Materials Corp. provides an update on its exploration activities in Romania, highlighting significant mineralization potential in the region [2][4][7]. Exploration Activities - The 2025 exploration campaign has identified substantial areas of mineralization in Valea Leucii, Dibarz, and Avram Iancu, with a potential mineralized zone extending approximately 6 kilometers in both north-south and east-west directions [7][8]. - The exploration strategy focuses on identifying thicker, continuous mineralized lodes and targeting high-priority feeder structures, supported by historical data from comparable deposits [5][4]. Mineralization Details - Significant mineralization includes uranium oxide associated with jasperoid silicification and polymetallic sulphides (Cu, Co, Ni, Pb, Zn) hosted in silica-carbonate rocks [8]. - Historical prospecting data indicates anomalous grades of up to 28% Ni, over 6% Co, and over 3 ppm Au, with one sample returning 17.75 ppm Au and uranium exceeding 0.3% [8]. Assay Results - The exploration in various targets, such as D.14-2 and D.15-2, has yielded notable intercepts, including: - 15.0m at 0.91% Pb and 0.83% Zn from 54.0m [11] - 9.0m at 1.92% Pb and 2.06% Zn from 68.0m [10] - 12.0m at 0.20% Cu, 1.85% Pb, and 1.68% Zn from 49.0m [15]. Geological Context - The project area is characterized by complex geological formations within the Northern Apuseni Mountains, featuring Proterozoic metamorphic rocks and Mesozoic sedimentary formations, known for high-grade skarn mineral deposits [24][32]. - The mineralization in the Leucii Valley consists of Co-Ni and U, primarily hosted within the carbonate horizon, while polymetallic sulphide occurrences are vein-type associated with NW-SE trending tectonic features [26][27]. Future Plans - The company aims to complete a Competent Person's Report to consolidate exploration data and establish a roadmap for the project, facilitating alternative financing options [23][4]. - The reassessment of the Avram Iancu site, which has a rich historical mining background, is part of the company's strategy to leverage existing underground galleries and workings for future exploration [22].
Barksdale Announces $5 Million Private Placement to Advance Sunnyside Exploration Towards 67.5% Ownership and Welcomes Christina McCarthy to the Board
TMX Newsfile· 2026-01-21 22:30
Core Viewpoint - Barksdale Resources Corp. plans to raise $5,000,000 through a private placement of common share units to fund its Phase II drill program and other corporate expenses [2][4]. Group 1: Financing Details - The offering consists of up to approximately 55,555,555 common share units priced at $0.09 per unit, aiming for gross proceeds of approximately $5,000,000 [2]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.15 for two years [3]. - Medalist Capital Advisors Inc. has been engaged as exclusive finders for the offering, with a 6% commission payable in units [5]. Group 2: Project and Use of Proceeds - Proceeds will be used for the Phase II drill campaign, payment to Great Basin Metals Inc., ongoing corporate expenses, and funding for geochemical and geophysical projects under review for the Sunnyside and San Javier projects [4]. - The Phase II drill program will involve a 25,000-foot (7,620 meters) drilling campaign at the Sunnyside project in Arizona, scheduled to begin in February and take two to three months to complete [8][9]. Group 3: Board Appointment - Christina McCarthy has been appointed as the newest independent board member, bringing over 18 years of experience in resource capital markets and corporate development [6][7]. - Her expertise is expected to assist the board in navigating strategic options and exploring the Sunnyside Project further [8]. Group 4: Company Mission and Focus - Barksdale aims to drive long-term shareholder value through the acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [10]. - The company focuses on metals essential for the global energy transition, particularly copper, zinc, and other critical minerals [11].
Bold Ventures Announces Non-Brokered Private Placement
TMX Newsfile· 2025-12-16 13:00
Offering Details - Bold Ventures Inc. is conducting a non-brokered private placement offering of up to 6,000,000 working capital units (WC Units) at a price of $0.08 per unit, aiming to raise up to $480,000 [1] - Additionally, the company is offering up to 6,500,000 Flow Through units (FT Units) at a price of $0.09 per unit, targeting up to $585,000 [1] - Proceeds from WC Units will be allocated for general working capital, property maintenance, exploration, and offering expenses [1] - Each WC Unit includes one common share and one full common share purchase warrant (WC Warrant) allowing the holder to acquire one common share at $0.12 for three years [1] - Each FT Unit consists of one common share and half of a common share purchase warrant (FT Warrant), with the full warrant allowing the acquisition of an additional common share at $0.12 for two years [2] Finder's Fees and Regulatory Compliance - The company may pay finder's fees to qualified finders for their assistance with the offering, which can be in cash and/or securities [3] - All securities issued under the offering are subject to a statutory hold period of four months and one day, pending regulatory approval [3] Company Focus and Exploration Projects - Bold Ventures is focused on exploring Battery, Critical, and Precious Metals, targeting commodities such as Copper, Nickel, Lead, Zinc, Gold, Silver, Platinum, Palladium, and Chromium [4] - The company operates in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario, and holds significant assets in the emerging multi-metals district known as the Ring of Fire in Northern Ontario [5]