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Power Metallic Presents in Red Cloud's Virtual Webinar Series
Newsfile· 2025-11-25 21:31
Company Overview - Power Metallic is a Canadian-based mining company focused on developing its flagship Nisk Project in Quebec, which is a high-grade polymetallic deposit [2] - The company was recognized as Canada's top performing mining stock in 2024 due to its high-grade Copper PGE Au Ag discovery, known as the Lion Zone [2] - Power Metallic is backed by notable investors including Robert Friedland, Gina Rinehart, and Rob McEwen, and has a fully funded exploration program of $50 million through 2026 [2] Project Details - The Nisk Project is expected to feature a resource that is approximately 33% Noble metals by revenue, with nearly equal parts Platinum, Palladium, Gold, and Silver [2] - The company is transforming a growing Nickel Sulfide discovery into a rare Orthomagmetic discovery, comparable to significant mines like Saketti, Voisey's Bay, and Norilisk [2] Industry Context - Power Metallic is well-positioned to capitalize on the increasing demand for critical metals essential for future electric needs [2] - The commodities covered in the upcoming corporate update include copper, PGE's, gold, silver, and nickel [2]
Giga Metals Corp. Presents in Existing Agency's Virtual Webinar Series
Newsfile· 2025-11-20 18:12
Core Insights - Giga Metals Corp. will host a live virtual corporate update on December 3, 2025, at 2:00 PM ET, inviting current shareholders and interested parties to participate [1] - The webinar will cover commodities including Nickel, Cobalt, Copper, and PGEs, with a live Q&A session to follow [2][4] Company Overview - Giga Metals Corporation's primary asset is the Turnagain Project located in northern British Columbia, which is recognized for its significant undeveloped sulphide nickel and cobalt resources [4] - The Turnagain Project is jointly owned by Giga Metals Corporation and Mitsubishi Corporation through its subsidiary Hard Creek Nickel [4] - A Pre-Feasibility Study for the Turnagain Project was released in October 2023 [4] Project Details - The Turnagain ultramafic complex is also noted for its potential copper, platinum, and palladium mineralization, particularly in the Attic Zone adjacent to the known nickel resource [5]
PTX Metals Inc. Reports Compilation of Geophysical Data and Ongoing Activities at Its W2 Cu-Ni-PGEs Project
Newsfile· 2025-11-07 13:03
Core Insights - PTX Metals Inc. reported positive results from the 3D inversion processed from the 2025 magnetic survey at its W2 Copper-Nickel and Platinum-Palladium-Gold Project in Ontario, Canada, enhancing confidence in drill targeting and potential expansion of the mineralization target [1][4][10] Geophysical Data and Survey Results - The 3D inversion results indicate a distinct magnetic pattern suggesting a magmatic source, correlating with mapped magnetic gabbro, and confirming a preferred folded horizon extending approximately 8 kilometers in strike length [7][10] - The stacked mineralized intercepts in the CA zones and structural variations in the AP zones were noted, with the potential for near-surface bulk tonnage targets identified, reaching widths of up to 1,850 meters [8][10] Ongoing Activities - The company is advancing a comprehensive exploration program, including a drill program, metallurgical testing, paragenesis study, and age dating study on the gabbroic horizons, with results from a recent LIDAR survey expected by early January 2026 [13][14] - An independent geophysicist processed the magnetic survey data, which included flight lines spaced at 75 meters and a mean terrain clearance of 34 meters, alongside Electromagnetic data used for further evaluation [9] Community and Infrastructure Developments - Recent developments include an agreement between the Ontario government and Webequie First Nations to fund local community priorities and infrastructure upgrades, which are critical for the construction of the proposed all-season Webequie Supply Road to the Ring of Fire [6][15]
PTX Metals Inc. Initiates Work Program at Its Shining Tree Gold Project
Newsfile· 2025-10-22 13:12
Core Insights - PTX Metals Inc. has initiated a pre-drilling work program at its Shining Tree Gold Project in South Timmins, Ontario, aiming to explore larger-scale targets related to the Ridout-Tyrrell Deformation Zone (RTDZ) [1][2] Project Overview - The Shining Tree Gold Project is strategically located near significant mining operations, including McFarlane's Juby Deposit and IAMGold's Cote Gold mine, which enhances its exploration potential [2][7] - The company has consolidated key claims within the Shining Tree Project, including the Ronda Target, where recent surface exploration has identified high-grade gold zones [6][10] Exploration Strategy - PTX has engaged SRK Consulting for structural analysis to optimize exploration strategies and drill planning, and Terrascope Inc. for a detailed magnetic survey covering approximately 8,000 hectares [5][8] - The magnetic survey will utilize a 35-meter spacing and will be followed by a 3D inversion to identify geophysical anomalies, aiding in refining drill targeting [5][8] Recent Discoveries - Surface exploration has yielded significant results, including a channel sample returning up to 60.30 grams per tonne (g/t) gold over 0.50 meters, and a larger interval of 9.04 g/t gold over 16.15 meters [6][8] Company Positioning - PTX Metals holds a 75% equity interest in the Shining Tree and Heenan-Mallard gold projects, which together cover approximately 300 square kilometers [8][10] - The company is focused on advancing its assets in a region known for its rich mineral resources and proximity to major mining operations [11][12]
PTX Metals Inc. Announces Second Closing of Private Placement
Newsfile· 2025-10-02 12:48
Core Points - PTX Metals Inc. has successfully closed the second tranche of its non-brokered private placement, raising a total of $1,246,213 from the issuance of flow-through units and hard dollar units [1][2][3] - The total amount raised to date from both closings is $4,498,930, with the first closing contributing $3,252,716.70 [1] - The proceeds from the hard dollar units will be used for general corporate expenses and working capital, while the flow-through units' proceeds will fund eligible Canadian exploration expenses related to the company's projects in Ontario [5][6] Financial Details - The second closing involved the issuance of 7,023,805 flow-through units at $0.135 each, generating gross proceeds of $948,213.68, and 2,920,000 hard dollar units for $298,000 [1] - Each flow-through unit and hard dollar unit consists of one common share and half a share purchase warrant, with warrants exercisable at $0.16 for 36 months [4] - The company paid $25,779.08 in finders fees and issued 192,771 finder warrants, allowing the purchase of common shares at $0.14 for two years [3] Regulatory Compliance - The hard dollar units were issued under the Listed Issuer Financing Exemption, which allows the underlying securities to be free from a hold period under Canadian securities laws [2] - The flow-through units are subject to a hold period of four months and one day following issuance [2] - An amended and restated offering document has been filed on SEDAR+ to comply with the LIFE Exemption requirements [7] Company Overview - PTX Metals Inc. focuses on high-quality strategic metals assets in northern Ontario, including copper, gold, nickel, and PGEs [8] - The company aims to advance its flagship projects, the W2 Cu-Ni-PGE and the Shining Tree Gold Project, which are located in mineral-rich regions [9] - PTX is based in Toronto, Canada, and is also listed in Frankfurt and on the OTCQB in the United States [10]
PTX Metals Inc. Announces First Closing of Private Placement
Newsfile· 2025-09-30 12:30
Core Points - PTX Metals Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $3,252,716.70 through the issuance of various units [1][4][5] Group 1: Financial Details - The first tranche included the issuance of 5,333,333 charity flow-through units at $0.15 each, generating $800,000 in gross proceeds [1] - Additionally, 21,527,167 hard dollar units were issued for gross proceeds of $2,152,716.70, and 2,222,222 flow-through units were issued at $0.135 each, raising $300,000 [1] - The company paid $121,461.50 in finders fees and issued 1,160,170 finder warrants, allowing the purchase of common shares at $0.14 for two years [2] Group 2: Use of Proceeds - Proceeds from the hard dollar units will be allocated for general corporate expenses and working capital [4] - Gross proceeds from the charity flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Ontario, with expenditures to be incurred by December 31, 2026 [5] Group 3: Offering Structure - Each unit consists of one common share and one-half share purchase warrant, with warrants exercisable at $0.16 for 36 months [3] - The offering is conducted under the Listed Issuer Financing Exemption, allowing units to be issued without a hold period under Canadian securities laws [6] Group 4: Company Overview - PTX Metals Inc. focuses on high-quality strategic metals assets in northern Ontario, including copper, gold, nickel, and PGEs [8] - The company aims to advance its flagship projects, the W2 Cu-Ni-PGE and the Shining Tree Gold Project, located in mineral-rich regions [9][10]
PTX Metals Inc. Provides Positive Mineralogy Results and a Work Program Update at Its W2 Cu-Ni-PGE and Gold Project
Newsfile· 2025-08-11 12:00
Core Viewpoint - PTX Metals Inc. has provided a positive update on its W2 Nickel-Copper-PGE and Gold Project, highlighting successful preliminary mineralogy results and an upcoming work program aimed at enhancing the project's economic viability [1][2]. Group 1: Mineralogy and Metallurgy - The preliminary mineral liberation analysis indicates that copper is primarily found in chalcopyrite, while nickel is associated with pentlandite, confirming high-grade zones [3][4]. - The study showed a high degree of liberation for various minerals, with pyrrhotite exhibiting the highest liberation value at 96.8% [7]. - The company has initiated a metallurgical test program with SGS Canada Inc. to evaluate the recoverability of Cu-Ni-Palladium, Platinum, Gold, and Cobalt mineralization [11]. Group 2: Work Program and Exploration - Following a successful drilling program in Q2 2025, PTX is executing a phased exploration program focusing on metallogeny and sizing the mineralizing system [2]. - The Q3 2025 work program includes a 3D inversion geophysics study and U-Pb CA-ID-TIMS age-dating study to refine the geological model and understand the genetic relationships of the mineralization [6][12]. - The initial magnetic interpretation has outlined a correlation of mineralization with a gabbro lithology unit, indicating potential continuity of mineralization over approximately 8 km [9]. Group 3: Project Context and Future Outlook - The W2 Project is strategically located in the Ring of Fire region, known for its rich mineral resources, and aims to advance the company's flagship projects [15][16]. - The results from ongoing studies are expected to inform the next phase of exploration and enhance the project's economic potential [12].