VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has started a scout exploration drill program at the Company’s wholly owned New Hope copper-gold porphyry prospect in Arizona. The initial hole of the program is not expected to be completed before the Christmas break. Further drilling plans will be made based on the geological observations made in the first hole upon completion in the New Year. J Du ...

Core Insights - Mundoro Capital Inc. reported its financial results for the nine-month periods ending September 30, 2025, and 2024, alongside updates on exploration activities in partnership with BHP and JOGMEC [1][4] Financial Highlights - The company raised approximately C$1,517,500 through a non-brokered private placement by issuing 5,836,540 common shares at C$0.26 each [3] - As of September 30, 2025, the company held C$4,241,082 in cash and cash equivalents [6] - Fee income for the nine months ended September 30, 2025, totaled C$1,107,464, a 10% increase from C$1,042,956 in the same period of 2024 [6] - Exploration expenditures decreased to C$4,885,987 in 2025 from C$5,980,712 in 2024, with net exploration costs of C$901,730 in 2025 compared to C$825,565 in 2024 [6] - The company recorded a net loss of C$952,269 for the nine months ended September 30, 2025, compared to a net loss of C$643,141 in 2024 [9] Exploration Activities - Mundoro entered into an option agreement with BHP for seven exploration licenses in Serbia, allowing BHP to earn 100% ownership by funding US$35 million in exploration expenditures over ten years [5] - Drilling commenced at the Trstenik project, with a current depth of 441.6 meters out of a targeted 900 meters [5][13] - The company is advancing commercialization discussions for the Dos Cabezos Project in Arizona, with due diligence facilitated through a data room and site visits [5][16] - A generative program is underway to evaluate additional prospective metallogenic belts in the Western USA [21] Future Plans - The company plans to integrate drill results with new geophysical data to refine drill targets for the upcoming quarters [9][12] - A comprehensive 3D model for the Southern Targets is expected to be completed, enhancing the understanding of the mineralized system [12] - The company aims to finalize a drilling proposal for the South Timok Project Area in Q4-2025, detailing target sequencing and total meterage for the campaign [13][22]

Core Points - Powermax Minerals Inc. has completed two non-brokered private placement offerings, raising a total of $3,000,000 in gross proceeds [1][2]. Group 1: Non-FT Private Placement - The Non-FT Private Placement consisted of 1,643,947 units priced at $0.76 each, generating gross proceeds of $1,249,400 [1]. - Each Non-FT Unit includes one common share and one share purchase warrant, with the warrant allowing the purchase of one share at $0.95 for 36 months [1]. Group 2: FT Private Placement - The FT Private Placement involved 1,945,000 flow-through units priced at $0.90 each, resulting in gross proceeds of $1,750,500 [2]. - Each FT Unit consists of one flow-through share and one non-flow-through share purchase warrant, with the warrant allowing the purchase of one share at $1.10 for 24 months [2][3]. Group 3: Use of Proceeds - Proceeds from the Non-FT Units will be used for general working capital and exploration work on mineral projects in British Columbia and Ontario [5]. - Proceeds from the FT Units are designated for Canadian exploration expenses qualifying as flow-through mining expenditures [5]. Group 4: Finder's Fees - The company paid $164,994 in finder's fees and issued 195,600 finder's warrants, each exercisable into one share at $0.95 for 36 months [4]. Group 5: Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for mineral claims in British Columbia and Ontario [8].

Core Points - Galloper Gold Corp. will present at the Precious Metals & Critical Minerals Virtual Investor Conference on December 4th at 12:30pm ET [1] - The company is focused on mineral exploration in the Central Newfoundland Gold Belt, with properties including Glover Island and Mint Pond [3] Company Overview - Galloper Gold Corp. is based in Vancouver, BC, and specializes in exploration [1] - The Glover Island Property consists of 477 mining claims totaling 11,925 hectares, while the Mint Pond Property consists of 499 claims totaling 12,475 hectares [3] Event Details - The conference will allow real-time interaction between investors and the company, with archived webcasts available for those unable to attend live [1] - Investors are encouraged to pre-register and conduct an online system check for a smoother participation experience [2]

Core Points - Galloper Gold Corp. intends to complete a debt settlement by issuing 1,000,000 common shares at a deemed price of $0.065 per share to settle debts totaling $65,000 [1] - The shares issued will be subject to a statutory hold period of four months following the closing of the debt settlement [2] Company Overview - Galloper Gold Corp. is focused on mineral exploration in the Central Newfoundland Gold Belt, with its flagship Glover Island Property located 24 km southeast of Corner Brook and the Mint Pond prospect in the Gander area [3] - The company recently completed its first diamond drilling program at Glover Island since 2012, having completed six holes with results pending [3]

Core Points - Q Precious & Battery Metals Corp. has closed the first tranche of its private placement offering, raising a total of $486,000 from the issuance of flow-through units and $399,999.96 from flow-through shares [1][2][3] Group 1: Offering Details - The company issued 5,400,000 flow-through units at a price of $0.09 per unit, resulting in gross proceeds of $486,000. Each unit includes one flow-through common share and one half of a share purchase warrant [2] - Additionally, 4,444,444 flow-through shares were issued at the same price of $0.09, generating gross proceeds of $399,999.96 [3] - Finder's fees will be paid to eligible finders, which may include up to 10% in cash, finder's warrants equal to 5% of the units or shares sold, and compensation shares equal to 4% of the units or shares sold [3] Group 2: Use of Proceeds - The proceeds from the offerings will be allocated to fund mineral exploration activities [4] Group 3: Regulatory and Compliance - The offering is subject to approval from the Canadian Securities Exchange, and the securities issued will be under a statutory hold period of four months and one day from the issuance date [4]

Core Insights - Maxus Mining Inc. has successfully completed its 2025 ground exploration program across four critical minerals projects in British Columbia, Canada, on time and on budget [1][3][4] Exploration Program Overview - The exploration program involved detailed prospecting, mapping, and sampling across the Quarry, Hurley, Lotto, and Alturas projects, with over 200 grab samples collected and submitted for analysis [4][5] - The program aimed to validate historical mineralization occurrences and confirm multiple showings of mineralization across the projects [4] Project Highlights - **Alturas East**: Confirmed locations of historic adits and identified a strongly oxidized fault zone with visible sulphide mineralization, indicating a potentially mineral-rich geological environment [5] - **Alturas West**: Identified accessible ground suitable for drill site preparation, building on 2024 surface sampling results that returned exceptional grades of up to 69.98% antimony [5] - **Hurley Property**: Confirmed visible stibnite mineralization and historic antimony showings, validating the project's high-grade critical mineral potential [5] - **Quarry Property**: Sampled numerous galena-bearing quartz veins, strengthening the case for widespread lead-silver mineralization [5] - **Lotto Property**: Uncovered broad areas of oxidation and intrusive rock units, indicating a highly prospective geological setting for critical mineral mineralization [5] Management Commentary - The CEO of Maxus Mining emphasized that the exploration program marks a significant advancement for the company, highlighting the diverse mineralization styles and the potential for long-term value creation for shareholders [3]

Core Insights - Prospect Ridge Resources Corp. has announced the start of its 2025 fall exploration initiatives, focusing on a drill program at the Camelot Project [1] - A live investor townhall webinar is scheduled for October 16, 2025, at 10:00 a.m. to discuss these initiatives [1]

Core Insights - Integral Metals Corp. has completed its 2025 soil geochemistry survey at the KAP Project, revealing significant geochemical anomalies that will guide future exploration efforts [1][4]. Group 1: Survey Details - A total of 2,164 soil samples were collected, with 2,040 being B-horizon soils, which are optimal for detecting geochemical variations [2]. - The analytical work was conducted using advanced methods, including four-acid digestion and ICP-MS, to analyze a broad suite of elements such as zinc, lead, cadmium, thallium, barium, and strontium [2]. - Quality assurance protocols included 174 field duplicates and 117 certified reference materials, ensuring the reliability of the results [2]. Group 2: Anomaly Findings - Out of the 2,040 B-horizon samples, 818 samples exhibited two or more anomalies, with scores ranging from 2 to 11 [3]. - Notably, two samples achieved the maximum score of 11, while 128 samples (6.3%) recorded scores of 7 or higher, indicating concentrated areas of interest near the Main Showing [3]. Group 3: Future Exploration Plans - The company plans to integrate the soil geochemical dataset with existing geological mapping, drilling, and geophysical surveys to identify and prioritize drill targets [5]. - The focus will be on zones where high anomaly scores coincide with structural features, enhancing the potential for successful exploration [5].

Core Viewpoint - Westward Gold Inc. is initiating a non-brokered private placement to raise approximately C$5,000,000 through the sale of up to 45,454,545 units at C$0.11 per unit, which will support its drilling program and general working capital [1][3]. Group 1: Offering Details - The Offering consists of units priced at C$0.11 each, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at C$0.15 for 24 months post-closing [1]. - The Offering is subject to regulatory approvals and will have a hold period of four months and one day for the issued securities [3]. Group 2: Major Shareholders - Concept Capital Management Ltd. will subscribe for 22,727,272 units, contributing approximately C$2,500,000 [2]. - Crescat Capital LLC will subscribe for 9,090,909 units, contributing approximately C$1,000,000 [2]. Group 3: Use of Proceeds - Net proceeds will primarily fund an expanded drilling program at the Toiyabe Hills Property in Nevada, which includes a 5,000-meter drilling program across up to 10 holes [3]. - Additional funds will be allocated for general working capital purposes [3]. Group 4: Insider Participation - Certain insiders intend to acquire units in the Offering, which will be classified as a related party transaction [5]. - This participation is expected to be exempt from formal valuation and minority shareholder approval requirements due to the size of the transaction relative to the company's market capitalization [5]. Group 5: Company Overview - Westward Gold is focused on mineral exploration, particularly the Toiyabe Hills Project in Nevada, along with other projects in the region [7].