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Tartisan Nickel Corp. Acquires Nickel-Copper Claims at Turtle Pond, Northwestern Ontario
TMX Newsfile· 2026-03-11 12:00
Core Viewpoint - Tartisan Nickel Corp. has acquired four additional claims in the Turtle Pond Area, expanding its property size to 165 staked units covering 3,454 hectares, which enhances its nickel-copper exploration potential in Northwestern Ontario [1][2]. Group 1: Acquisition Details - The newly acquired claims are located approximately 40 km south of Dryden, Ontario, and 70 km east of the company's flagship Kenbridge Nickel Deposit [1][2]. - The claims are fully owned by Tartisan Nickel Corp.'s subsidiary, Canadian Arrow Mines Limited [1]. Group 2: Historical Exploration and Findings - Previous exploration identified nickel-copper sulphide mineralization in twelve trenches along a 700-meter trend at the Glatz showing, with historical grab samples containing up to 1.95% Ni [3]. - In 2007, surface grab sampling produced results including 1.28% Ni and 0.26% Cu at Glatz Trench 3, and 0.39% Ni with 4.06% Cu at Trench 4 [3]. - The Double E airborne VTEM anomaly revealed a nickel-copper-PGE discovery in 2008, with drill hole EE-09-02 intersecting 4.2 meters of 0.81% Ni and 0.52% Cu [4]. - Exploration in 2009 and 2010 at the Night Danger site reported a nine-meter-wide section with 0.57% Ni and 0.45% Cu [5]. Group 3: Future Exploration Plans - The company plans to formulate an exploration program consisting of surface sampling and potentially diamond drilling in 2026-27 to further assess the newly acquired claims [7]. - A TDEM Geophysical survey was conducted from November 28 to December 21, 2024, to determine drill targets for future exploration [6]. Group 4: Company Overview - Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company, also owning the Kenbridge Nickel Project and the Sill Lake Silver Project [12]. - The company has 152,215,641 common shares issued and outstanding [13].
When Tungsten Costs More Than Gold Used To, Miners Step Up
Prnewswire· 2026-03-02 14:00
Core Insights - The global tungsten supply is facing a significant crunch, with prices increasing fivefold over the past year to approximately $1,775 per tonne due to plummeting Chinese exports and critically low global inventories [1][2] - Various countries, including Australia, the European Union, India, and Brazil, are taking strategic actions to secure critical minerals, with Australia committing $800 million to a reserve and the EU building a joint stockpile [1][2] - Companies like GoldHaven Resources, Ivanhoe Mines, Surge Copper, Defense Metals, and Stillwater Critical Minerals are advancing projects in polymetallic and critical mineral assets, reflecting a growing focus on these resources [1][2] Company Developments - GoldHaven Resources has expanded its Magno Project to over 37,200 hectares through the acquisition of five contiguous mineral claims, enhancing its control over a polymetallic system [1] - The recent sampling at Magno returned significant mineralization results, including indium values up to 334 ppm and silver grades up to 2,370 g/t, indicating the project's strategic relevance amid tightening global supply [1][2] - Ivanhoe Mines is in advanced discussions to supply the U.S. with critical minerals from its Kipushi mine, targeting a production guidance of 240,000 to 290,000 tonnes of zinc concentrate for 2026 [2] - Surge Copper's Berg Project has been accepted into British Columbia's Critical Minerals Office, positioning it within provincial and federal fast-track frameworks for development [2] - Defense Metals' Wicheeda Rare Earth Project has been recognized by British Columbia as a priority for early coordination support, emphasizing its importance for clean energy and high-technology applications [2] - Stillwater Critical Minerals reported significant near-surface mineralization at its Stillwater West project, with a bulk intercept of 201.6 meters grading 0.20% nickel equivalent, reinforcing the project's potential [2]
Green Canada Corporation Announces Closing of Private Placement
TMX Newsfile· 2026-01-19 23:26
Group 1: Company Overview - Green Canada Corporation (GCC) is a 50.73% owned subsidiary of PTX Metals Inc. (PTX) and has recently closed the first tranche of a $500,000 private placement, raising $308,000 by issuing 2,369,230 common shares at $0.13 per share [1][2] - GCC focuses on uranium mineral properties in Canada, particularly in the Athabasca Basin of Saskatchewan, Baker and Amer Basins in Nunavut, and Otish Basin in Quebec, with its flagship Marshall Project located near significant uranium deposits [3] - PTX Metals Inc. is engaged in minerals exploration, emphasizing high-quality critical mineral projects, including the W2 Copper Nickel PGE Project and South Timmins Gold Joint Venture Project in northern Ontario [4][5] Group 2: Financial Details - The net proceeds from the private placement are intended for general working capital and corporate purposes [2] - The common shares issued are subject to a statutory hold period of four months and one day from the closing date [2] Group 3: Strategic Positioning - PTX's asset portfolio includes valuable metals such as gold and essential critical minerals for the clean energy transition, strategically acquired for their geological advantages and proximity to established mining companies [5] - PTX is based in Toronto, Canada, and is listed on multiple exchanges, including TSXV, Frankfurt, and OTCQB, enhancing its visibility and investment opportunities [6]
PTX Metals' Subsidiary, Green Canada Corporation Announces Closing of Private Placement
TMX Newsfile· 2026-01-19 22:36
Company Overview - Green Canada Corporation (GCC) is a 50.73% owned subsidiary of PTX Metals Inc. (PTX) and focuses on uranium mineral properties in Canada, particularly in the Athabasca Basin of Saskatchewan, Baker and Amer Basins in Nunavut, and Otish Basin in Quebec [5] - PTX Metals Inc. is engaged in minerals exploration, emphasizing high-quality critical mineral projects, including the W2 Copper Nickel PGE Project and South Timmins Gold Joint Venture Project in northern Ontario [6][7] Financial Activities - GCC has closed the first tranche of a $500,000 private placement, issuing 2,369,230 common shares at a price of $0.13 per share, resulting in proceeds of $308,000 [1] - The net proceeds from the private placement are intended for general working capital and corporate purposes [2] Stock Options - PTX granted 7,725,000 incentive stock options to certain directors, officers, and consultants, allowing them to acquire common shares at a price of $0.14 per share until January 19, 2031 [3] - During the year ending December 31, 2025, and in January 2026, 3,750,000 options expired [4]
Metal Energy Announces Additional Strategic Investor: Teck Acquires 9.9% Equity Interest to Fund Exploration on the NIV Property in BC
Newsfile· 2025-12-12 11:00
Core Insights - Metal Energy Corp. announces a strategic investment from Teck Resources Limited, acquiring a 9.9% equity interest, joining Centerra Gold Inc. as a strategic investor [1][2][4] Strategic Investments - Teck and Centerra will each subscribe for 4,442,000 shares of a total of 8,880,000 common shares at a price of C$0.73 per FT Share and 6,200,000 common shares at C$0.45 per Share, resulting in both holding approximately 9.9% of Metal Energy's issued shares [4] - An investor rights agreement will be established with Teck, similar to that with Centerra, ensuring funds are allocated for exploration on the NIV property [4] Company Overview - Metal Energy focuses on critical metals exploration, particularly copper and gold assets in Canada, with the NIV project being fully permitted and drill-ready [6] - The NIV project is located in British Columbia's Toodoggone District, known for significant porphyry deposits, adding to Metal Energy's portfolio of three high-potential projects [6][13] Future Outlook - The company anticipates that the involvement of two major mining companies will attract attention from the broader mining investment community as it aims for further discoveries in the region [3] - The closing of the offering is expected around December 16, 2025, pending regulatory approvals [5]
POWER METALLIC ANNOUNCES AGSM MEETING RESULTS & UPDATE ON NYSE PROCESS
Prnewswire· 2025-11-25 08:03
Core Points - Power Metallic Mines Inc. held its Annual General and Special Meeting (AGSM) on November 20, 2025, where shareholders voted in favor of all proposed business items, including the election of directors and the approval of the Omnibus Equity Incentive Plan [1][2]. Group 1: AGSM Results - All items presented at the AGSM received shareholder approval, including the election of directors Terry Lynch, Peter Kent, Les Mallard, Greg McKenzie, Steve Beresford, and Seamus O'Regan [1]. - The meeting saw just over 31% of the Company's issued and outstanding common shares voted [1]. Group 2: Omnibus Equity Incentive Plan - The Omnibus Equity Incentive Plan replaces the previous stock option plan, allowing the Company to grant various forms of equity compensation, including Restricted Share Units, Deferred Share Units, and Performance Share Units [2]. - This new plan complies with TSX Venture Exchange Policy 4.4 regarding Securities Based Compensation [2]. Group 3: Company Developments - Power Metallic is advancing its application for a listing on the New York Stock Exchange (NYSE), pending regulatory approval, with an update expected in early January following the Q3 financial review [4]. - The Company controls approximately 212.86 km² of land in the Nisk Project Area after acquiring additional claims, focusing on high-grade Copper-PGE, Nickel, gold, and silver systems [5][6]. - Power Metallic also owns 100% of Power Metallic Arabia, which holds a significant exploration license in Saudi Arabia, recognized for its high prospectivity for copper, gold, and zinc mineralization [7].
Power Metallic Intercepts 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 25-022 Infill Drilling Expanding the Lion Zone and Updates on Fall/Winter Drill Program and Land Assembly
Prnewswire· 2025-11-04 08:00
Core Viewpoint - Power Metallic Mines Inc. has released assay results from its summer drilling program, highlighting significant mineralization in the Lion Zone and outlining future exploration objectives for the fall and winter seasons [1][10]. Summer Drilling Results - The summer drilling program aimed to explore extensions of the Lion Zone, focusing on down plunge mineralization and infill drilling to define the zone geometry for future resource estimates [1][2]. - Technical issues with helicopter-supported drills led to lost holes, but hole PML-25-017 confirmed the extension of the Lion structure with a disseminated zone of 7.00m at 1.41% CuEq [2][3]. - In-fill drilling successfully defined mineralization along high-grade shoots within the Lion zone, with notable intersections including 6.85m at 13.15% CuEq in hole PML-25-022 [4]. Land Assembly Activities - Power Metallic has significantly increased its land package by over 600%, expanding from 46 km to 313 km, which includes critical areas for exploration [10][11]. - The acquisition of Hydro Quebec surface leases has allowed the company to explore previously restricted areas, enhancing its understanding of the geological framework [11][12]. Future Exploration Plans - The company plans to utilize more powerful skid drills for deeper testing of the Lion Zone to avoid previous technical issues [3]. - The BHEM survey has identified large anomalies at the Tiger Deep target, indicating potential for significant mineralization between the Lion and Tiger zones [9][10]. Marketing Services Agreements - Power Metallic has entered into multiple marketing services agreements to enhance market awareness, including contracts with Native Ads, Sideways Frequency, and Apaton Finance, totaling up to approximately US$402,817 [14][15][16].
Binding Heads of Term Reached With US Group to Joint Venture Disko-Nuussuaq Project, Greenland
Prnewswire· 2025-11-03 18:24
Core Viewpoint - 80 Mile PLC has entered into a Binding Head of Terms with USFM Corporation for a US$30 million investment to acquire a 51% interest in the Disko-Nuussuaq project in Greenland, positioning the company to advance its exploration and development efforts in a region rich in critical minerals [1][2][4]. Financial Terms - The US Partner will invest US$30 million in three increments of US$10 million over three years to earn a 51% interest in the Disko project [7]. - 80 Mile will receive a management fee of 12.5% on all expenditures incurred at Disko and a cash payment of £500,000 upon signing definitive agreements [1][7]. Project Details - Disko is identified as a highly prospective area for copper, nickel, cobalt, and platinum group elements (PGE), with significant mineralization potential similar to the Norilsk-Talnakh mine in Russia [6][9]. - The project area covers 3,015 square kilometers and is located approximately 120 kilometers from Ilulissat, which has essential infrastructure to support operations [12]. Geological Significance - Seven significant Magmatic Massive Sulphide (MMS) targets have been identified, with the largest measuring 5.9 km by 1.1 km [9]. - A 28-ton boulder of pure massive sulphides has been discovered, assaying 6.9% nickel, 3.7% copper, 0.6% cobalt, and 2 grams per tonne of platinum group metals [9][10]. Strategic Importance - The partnership with USFM Corporation is seen as a major milestone for both Disko and 80 Mile, aimed at accelerating drilling and resource definition while maintaining operational leadership [5][6]. - The project is positioned within a global context of increasing demand for critical resources, particularly from the U.S. administration's interest in Greenland's minerals [4][5].
Power Metallic Initiates Metallurgical Testing of Lion Deposit Phase 1 Metallurgy Recovery Contracted to SGS Canada Inc., Quebec City, QC and Lakefield, ON
Prnewswire· 2025-10-16 07:00
Core Insights - Power Metallic Mines Inc. is conducting preliminary metallurgical studies to assess the economic potential of its Nisk project, which is crucial for resource reporting and development risk mitigation [1][2][6] - The metallurgical testing is being performed by SGS Canada Ltd, focusing on the recovery potential of various metals including copper, platinum group elements (PGEs), gold, silver, and nickel [1][2][5] - The Lion deposit has been identified with two mineralization zones: a High-Grade zone (HG) and a lower grade Hanging-wall Zone (LG), with the majority of metal value concentrated in the HG zone [3][4] Metallurgical Testing Details - The testing involves a competitive bid process, with SGS Canada Inc. awarded the contract due to their expertise in flotation metallurgical testing [1] - Approximately 300 kg of sample material from each mineralization zone has been collected, with specific procedures for creating composite samples for testing [5] - The metallurgical tests are expected to take around 14 weeks, with results anticipated to be reported by January 2026 [6] Mineralization Characteristics - The copper mineralization is primarily found in coarse-grained chalcopyrite and cubanite, which are expected to yield good recoveries through conventional concentration methods [2] - The HG zone consists of semi-massive to massive copper sulphide mineralization, while the LG zone contains disseminated and veined structural mineralization [3][4] Company Overview - Power Metallic is focused on advancing the Nisk Project Area, which includes high-grade copper, PGE, nickel, gold, and silver systems [9] - The company has expanded its land holdings significantly, now controlling approximately 212.86 km² of prospective land following recent acquisitions [10][11] - Power Metallic also has interests in exploration licenses in Saudi Arabia, further diversifying its mineral exploration portfolio [12]
Azimut Confirms Extensive High-Grade Lithium Surface Discovery on Wabamisk East Property, James Bay Region, Quebec
Globenewswire· 2025-10-09 10:30
Core Insights - Azimut Exploration Inc. has reported positive results from a systematic field program on its Wabamisk East Property, revealing a large-scale system of spodumene pegmatites with significant lithium potential [1][7]. Group 1: Project Overview - The Wabamisk East Property consists of 205 claims covering 108.5 km and is wholly owned by Azimut, which has optioned it to Rio Tinto for lithium exploration [8]. - Under a revised option agreement, Rio Tinto can earn up to a 70% interest by spending $85 million, with Azimut acting as the operator during the initial phase [2][11]. Group 2: Geological Findings - The pegmatite bodies at Lithos-North and Lithos-South exhibit variable thicknesses, with the former showing thicknesses from 10 to over 50 meters and the latter from 10 to 15 meters [5][6]. - A total of 86 distinct spodumene-bearing outcrops have been identified, with 63 of 109 grab samples collected in 2025 returning grades higher than 0.5% Li2O, including 29 samples exceeding 2.0% Li2O, with a maximum grade of 6.93% Li2O [7]. Group 3: Future Plans - Azimut plans to propose an aggressive drilling program to Rio Tinto for early 2026 as the project progresses towards the drilling stage [2]. - The ongoing mechanical stripping is expected to expand the known footprint of the pegmatitic bodies and confirm continuous mineralization over a significant area [7].