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Nobel Closes Non-Brokered Private Placement Offering
Globenewswire· 2026-01-29 12:00
Core Viewpoint - Nobel Resources Corp. has successfully closed a non-brokered private placement offering, raising $250,000 through the issuance of 4,166,667 units at a price of $0.06 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at $0.075 until January 29, 2028 [2] - The offering is subject to a statutory hold period of four months and one day [2] - The company paid cash finder's fees of $6,300 and issued 105,000 finder's warrants, each allowing the acquisition of one common share at $0.06 for 24 months [4] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration work on the company's Chilean mineral properties, as well as for general corporate and working capital purposes [3] Group 3: Stock Options and Restricted Share Units - The company issued 3,200,000 stock options to certain officers and directors, with an exercise price of $0.15 per share for three years [5] - Additionally, 750,000 restricted share units were issued to certain directors and officers, vesting annually over three years [6] Group 4: Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects, supported by a team with a strong background in exploration success [7]
Altius Provides 4th Quarter 2025 Project Generation Update
Businesswire· 2026-01-08 14:09
Core Viewpoint - Altius Minerals Corporation has reported an increase in the market value of its public junior equities portfolio, reflecting ongoing investment activities and a focus on project generation and exploration initiatives [1][2]. Portfolio Performance - The market value of Altius's equities portfolio rose to $49.3 million as of December 31, 2025, up from $44.0 million on September 30, 2025, with a net portfolio investment of approximately $1.3 million completed during the quarter [1]. Investment Activities - Altius participated in financing Centauri Minerals, increased its stake in Perseverance Metals Inc., and received shares from Altitude Minerals Ltd as part of the Firenze gold project transaction, retaining a 1.5% NSR royalty on the project [2]. - Shares in Eminent Gold Corp. were also received related to a previous sale of the Celts project, both projects stemming from an exploration alliance with Orogen Royalties Inc. [2]. Exploration Plans - Altius anticipates a busy exploration year with over 75,000 meters of planned discovery-oriented drilling across its portfolio companies, in addition to significant drilling at operating and development stage royalty projects [4]. Strategic Focus - The company continues to evaluate potential exploration alliances and junior equity investment opportunities to support royalty creation across various jurisdictions [5]. - Altius aims to create per share growth through a diversified portfolio of royalty assets aligned with sustainability trends, including the transition to renewable energy and increased demand for key commodities like copper, lithium, nickel, cobalt, and potash [7].