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Plato Gold Announces Closing of Loan Financing for First Ever Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-06-16 11:30
Core Viewpoint - Plato Gold Corp. has successfully closed a loan financing agreement to support its drilling program and general corporate purposes, with a total loan amount of up to US$1,050,000 [2][3]. Group 1: Loan Financing Details - The loan consists of two parts: US$50,000 from one lender and US$1,000,000 from 1338823 Alberta Inc., which is controlled by Anthony Cohen, a director of Plato [2][3]. - The loan proceeds will be allocated to finance the drill program at the Lolita Project in Santa Cruz, Argentina, as well as for working capital and general corporate purposes [2]. - The loans are unsecured, carry an interest rate of 7% per annum, and are due on June 10, 2026, unless repaid earlier [2]. Group 2: Related Party Transaction - The loan from 1338823 Alberta Inc. is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [3]. - The fair market value of the loan is stated to be not more than US$2.5 million, which allows the company to bypass certain regulatory requirements [3]. Group 3: Company Overview - Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Exchange, with projects located in Timmins, Ontario, and Santa Cruz, Argentina [5]. - The company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares in Argentina, with potential for gold and silver [6]. - The company also has projects focused on niobium and platinum group metals in Ontario [6][7].
NioBay Announces Election of Directors
Globenewswire· 2025-06-13 10:28
Company Overview - NioBay Metals Inc. aims to lead in the development of mines with low carbon consumption and responsible water and wildlife management practices, emphasizing environmental, social responsibility, good governance, and stakeholder inclusion [4] - The company holds a 100% interest in the James Bay Niobium Project in Ontario and a 72.5% interest in the Crevier Niobium and Tantalum project in Québec, with an option to acquire an 80% interest in the Foothills project [4] Annual General Meeting (AGM) Highlights - The AGM was held on June 12, 2025, with shareholders representing over 46% of the total common shares attending [1] - New board members elected include Jean-Sébastien David, Josianne Beaudry, Laurence Farmer, Raymond Legault, Bruno Di Battista, and Serge Savard [2] - PricewaterhouseCoopers, LLP was re-appointed as auditors for the upcoming financial year, and the rolling stock option plan was re-approved [2] Stock Options Grant - Following the AGM, the company approved the grant of 1,215,000 incentive stock options to directors, officers, employees, and consultants [3] - One third of the stock options will vest immediately, while the remaining options are subject to a two-year vesting period, with a seven-year term at an exercise price of $0.06 [3] Industry Context - Niobium is a naturally occurring metal known for its ductility, malleability, and corrosion resistance, enhancing properties in various materials and applications across Mobility, Structural, and Energy sectors [5] - The addition of niobium to materials like steel, glass, and aluminum castings improves efficiency and reduces environmental impacts, thereby increasing their value [5]
NioBay Announces the Start of Its 2025 Drill Campaign on Its Crevier Project
Globenewswire· 2025-06-10 10:30
Core Viewpoint - NioBay Metals Inc. has initiated a drilling campaign on the Crevier property, supported by a grant from the Ministère des Ressources naturelles et des Forêts, aiming to enhance material recovery and prepare for a larger pilot plant [1][2][6]. Group 1: Drilling Campaign Details - The 2025 Campaign is located approximately 50 km north of Girardville and 150 km from the Niobec mine, easily accessible via logging roads [1]. - The drilling will utilize large diameter (HQ) methods to maximize material collection, with plans for bulk sampling to produce over 125 metric tons of representative samples [2]. - The campaign will be executed by a local drilling company, with geological supervision from IOS Services Géoscientifiques, which has prior experience on this site [5]. Group 2: Company Strategy and Goals - The campaign aims to recover more material than the previous 2023 campaign and will test the extensions of known zones [6]. - NioBay is preparing for a second pilot plant that will be ten times larger than the first, intended to manufacture more product for potential customers [6]. - The company emphasizes the importance of local labor and community involvement in its operations, particularly with Indigenous communities [8]. Group 3: Company Background - NioBay holds a 100% interest in the James Bay Niobium Project and a 72.5% interest in the Crevier Niobium and Tantalum project, both located in territories of Indigenous communities [8]. - The company aims to lead in low carbon consumption mining practices while prioritizing environmental and social responsibilities [8]. Group 4: Industry Context - Niobium is a ductile and corrosion-resistant metal used in various sectors, enhancing material properties and reducing environmental impacts when added to materials like steel and aluminum [9].
Iamgold (IAG) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-06-05 17:01
Core Viewpoint - Iamgold (IAG) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system highlights the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][4]. - For Iamgold, the recent upgrade reflects an improvement in the company's underlying business, which is expected to drive stock price appreciation [5]. Earnings Estimate Revisions - Iamgold is projected to earn $0.75 per share for the fiscal year ending December 2025, marking a year-over-year increase of 36.4% [8]. - Over the past three months, the Zacks Consensus Estimate for Iamgold has risen by 30.7%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, suggesting a strong potential for market-beating returns [9][10]. - Iamgold's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a favorable earnings estimate revision trend [10].
NioBay Metals Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025
Newsfile· 2025-05-28 13:00
Information regarding THE Event, including investor registration details, a list of participating companies, panelists and keynote speakers, as well as a preliminary agenda, can be found at https://www.themininginvestmentevent.com/. About NioBay Metals Inc. NioBay aims to become a leader in the development of mine(s) with low carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance, and the inclusion of all stakehol ...
Plato Gold Reports on First Quarter Results
Globenewswire· 2025-05-22 11:30
Toronto, ON, May 22, 2025 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to report the three months financial results for fiscal 2025 and 2024, as summarized below: Three Months Ended (Unaudited) March 31, March 31, 2025 2024 Income $ - $ 513 Net Loss and Comprehensive Loss $ 29,969 $ 52,664 Loss per ...
Nio Strategic Metals Announces Closing of Debt Conversion Agreements and Notice of Annual and Special Meeting of Shareholders
Newsfile· 2025-05-20 13:05
Core Viewpoint - Nio Strategic Metals Inc. has successfully completed debt conversion agreements to improve its financial position by eliminating outstanding debt and preserving cash flow [1][4]. Financial Transactions - The company converted a loan of $450,000 and settled $45,000 in accrued services by issuing 11,000,001 common shares at a deemed price of $0.045 per share [1]. - The debt conversion agreements are classified as related party transactions, and the company relied on exemptions from certain requirements under Multilateral Instrument 61-101 [2]. Impact on Financial Position - Following the agreements, Nio will not carry any debt on its balance sheet, except for usual short-term accrued payables, significantly improving its financial health [4]. - The insider, Nio-Metals Holdings LLC, now owns approximately 45.9% of the issued and outstanding shares after receiving 10,000,000 shares as part of the debt conversion [5]. Corporate Governance - The company did not file a material change report 21 days prior to the closing of the debt conversion agreements, which it deemed reasonable to expedite financial improvement [3]. - An Annual and Special Meeting of Shareholders is scheduled for July 9, 2025, to discuss corporate matters [5]. Company Overview - Nio Strategic Metals is focused on becoming a ferroniobium producer and holds niobium properties in Quebec [6].
REV Exploration Acquires Permits In Saskatchewan For Natural Hydrogen Exploration
Thenewswire· 2025-05-15 23:10
Core Insights - REV Exploration Corp. has acquired permits in Saskatchewan covering 372,571 hectares for Natural Hydrogen exploration, indicating a strategic move into a rapidly emerging resource sector [1][2] - The CEO highlighted Saskatchewan's advanced policy framework for Natural Hydrogen exploration, which, combined with unique geology and a growing market, positions REV for significant opportunities in the coming months [2] - REV Exploration has appointed Independent Trading Group, Inc. as a market maker to enhance liquidity and contribute to a fair market for its shares on the TSX Venture Exchange [3][4] Company Overview - REV Exploration is a mineral exploration company with a portfolio that includes gold and battery metal properties in Quebec, as well as strategic Natural Hydrogen properties in Saskatchewan, all 100% owned by the company [6] - The company is focused on identifying commercial concentrations of Natural Hydrogen in North America, which is seen as a catalyst-rich opportunity for growth [2][6] Market Maker Appointment - The contract with Independent Trading Group, Inc. is on a month-to-month basis for a fee of CDN $6,000, with the first full month starting in April 2025 [4] - ITG is a Toronto-based dealer-member specializing in market making and liquidity provision, established in 1992 [5]
Critical Metals Corp Publishes Compelling Deep Diamond Drill Results from Tanbreez Greenland
Globenewswire· 2025-05-09 12:30
Core Insights - Critical Metals Corp. has released historical deep diamond drill hole results from the Tanbreez Project in Greenland, indicating significant potential for high-grade rare earth elements (REE) and other critical minerals [1][9][40]. Drill Hole Results - Drill Hole DX-02 intersected high-grade rare earths averaging 4733ppm (0.47% TREO) with 28% heavy rare earth oxides (HREO) over a depth of 328m [6][14]. - Drill Hole D306-13 showed an average of 4211ppm (0.42% TREO) with 24% HREO over a depth of 195m [6][14]. - The average mineralization across the reported drill holes is approximately 0.45% TREO, containing an average of 26% HREO [24][15]. Resource Estimates - The current Mineral Resource Estimate (MRE) for the Tanbreez Project is approximately 45 million tonnes (MT) at 0.38% TREO, consisting of 19.5MT inferred and 25.4MT indicated resources [12][32]. - The company is planning resource drilling to extend and grow the existing MRE, targeting the Fjord and Hill Zone deposits [29][34]. Economic Potential - The Preliminary Economic Assessment for the Tanbreez Project indicates a Net Present Value (NPV) of approximately $2.8 billion to $3.6 billion and an Internal Rate of Return (IRR) of 180% before tax [9][39]. - The project is gaining significant interest from Western governments due to its strategic importance in the supply of critical minerals [9][40]. Future Plans - The company is preparing for a 2025 resource drilling program, with mobilization of crews to Greenland expected in mid-to-late June [29][36]. - The company is also re-assaying historical samples to confirm and reconcile assay results from previous drilling campaigns [36][37].
Integral Metals Reports Monazite-Dominant REE Mineralization at Woods Creek
Globenewswire· 2025-05-06 07:05
Core Insights - Integral Metals Corp. has reported promising results from detailed mineralogical analysis indicating the presence of rare earth elements (REEs) primarily hosted in monazite and allanite, with potential for niobium mineralization and gallium fertility [1][3][4] Group 1: Mineralogical Analysis - The QEMSCAN analysis confirmed that monazite is the dominant host for critical light rare earth elements (LREEs) such as cerium, lanthanum, neodymium, and praseodymium, with sample CK-21a showing monazite accounting for 85% of neodymium and 83.7% of praseodymium [3] - Niobium was found to be hosted in columbite, particularly in sample CK-12, where columbite comprises over 99% of the total niobium content, with ilmenorutile also present as a secondary host [3] Group 2: Exploration Efforts - The 2024 reconnaissance program involved mapping and sampling carbonatite dikes, with over 60 rock samples collected, and three samples selected for mineralogical characterization due to elevated Total Rare Earth Oxides (TREO) [2] - A second batch of 40 samples is currently undergoing analysis, with plans to expand the sampling scope to include weathered and altered lithologies to evaluate the full extent of REE and gallium enrichment [4] Group 3: Company Overview - Integral Metals Corp. is focused on mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to the development of a domestic supply chain for these minerals [8] - The company holds properties in mining-friendly jurisdictions in Canada and the United States, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for its exploration efforts [8]