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New Age Metals Acquires 17,620 Ha Double R Gold Project Near the Kenora and Rainy River District, Northwestern Ontario
Thenewswire· 2026-02-24 22:15
February 24, 2026 – TheNewswire - Rockport, Ontario – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce it has acquired and consolidated the Double R Gold Project through staking in the Kenora Mining District, northwestern Ontario. The Project now consists of 834 mining claims totalling 17,620 hectares (43,540 acres) in a highly prospective gold district.The acquisition is supported by the region’s established gold mineralization and favourable stru ...
Green Bridge Metals Can Help Secure U.S. Production of Critical Mineral Titanium
Accessnewswire· 2026-02-07 00:00
Core Viewpoint - Green Bridge Metals Corporation is advancing exploration and metallurgical programs to assess the critical mineral potential of its properties in the South Contact District, linked to Minnesota's Duluth Complex [1] Group 1: Company Developments - The company is focusing on understanding the critical mineral resources within its properties, which include titanium, copper, nickel, cobalt, platinum group elements, vanadium, and iron [1]
New Age Metals Releases Sustainability Report for 2024-2025
Thenewswire· 2026-02-02 13:45
Core Insights - New Age Metals Inc. (NAM) has released its ESG/Sustainability Report for the year 2024-2025, focusing on its newly acquired properties in Newfoundland and Labrador and the Alaska Genesis PGM-Cu-Ni Project [1][2] Group 1: ESG Commitment and Stakeholder Engagement - The company emphasizes the importance of engaging with key stakeholders, including First Nations and local communities, before advancing any projects [5][6] - NAM believes that long-term sustainability relies on a strong commitment to environmental, social, and governance (ESG) principles, which enhances project success and fosters meaningful partnerships [6][8] - The report aligns with frameworks from TCFD and SASB to ensure adherence to industry best practices [7] Group 2: Exploration and Project Development - Exploration activities during the reporting period were limited to reconnaissance field visits and surface sampling, with minimal fuel use and no significant water sourcing [7] - The company has completed Phase 1 and Phase 2 exploration for its Antimony-Gold division, successfully delineating multiple gold-antimony trends and planning follow-up exploration [11] - NAM has expanded its Bonanza Ridge Gold and Critical Metals Project through option agreements, adding approximately 5,216 hectares of prospective ground [12] Group 3: Strategic Acquisitions and Partnerships - On January 21, 2026, NAM announced the acquisition of the Northern Shield PGM-Copper-Nickel Project in Ontario's Ring of Fire, marking a step in its expansion strategy [11] - The company is developing its Lithium Division in partnership with Mineral Resources Ltd., focusing on hard rock lithium and rare elements [15] - NAM is actively seeking joint venture partners for its Genesis PGM-Cu-Ni Project in Alaska, with results from the Summer/Fall Program expected by year-end [18] Group 4: Research and Development Initiatives - NAM is involved in a $1.5 million NSERC Alliance grant aimed at advancing Canada's critical metals sector, particularly targeting its Bird River lithium properties [16] - The company supports a $180,000 Mitacs research grant focused on lithium pegmatite mineralization, collaborating with academic institutions to enhance exploration programs [17]
NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi North
TMX Newsfile· 2026-01-27 12:00
Core Insights - NexMetals Mining Corp. reports successful assay results from three drill holes at the Selebi North Underground deposit, confirming high-grade mineralization and continuity of the deposit [1][2]. Drill Results - Drill hole SNUG-25-194 intersected 32.45 metres of 4.61% CuEq, including 7.90 metres of 5.85% CuEq and 9.65 metres of 5.88% CuEq, indicating strong mineralization [2][7]. - The results from SNUG-25-191 and SNUG-25-192 also confirmed mineralization outside the thick zone, supporting the updated Mineral Resource Estimate (MRE) [7][8]. Future Plans - The company plans to update the MRE with results from the 2025 resource expansion drill holes and ongoing metallurgical tests [6][17]. - Drilling is ongoing, with SNUG-25-200 currently testing the down plunge extension of N3, and the drill will transition to surface drilling for the 2026 Selebi Main resource expansion program [6][7]. Company Overview - NexMetals Mining Corp. is focused on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana, with confirmed mineralization larger than historical estimates [17]. - The company emphasizes disciplined execution, transparent governance, and long-term stakeholder value creation [17].
New Age Metals Grants Stock Options
Thenewswire· 2026-01-23 22:30
Core Viewpoint - New Age Metals Inc. has made significant advancements in its mineral exploration and development activities, including stock option grants, conference participation, and strategic acquisitions in critical metal projects across North America [1][2][3]. Stock Options and Corporate Governance - The company granted 1,850,000 incentive stock options to various stakeholders at an exercise price of $0.50 per share for five years, pending acceptance by the TSX Venture Exchange [1]. Conference Participation - New Age Metals will attend the Vancouver Resource Investment Conference on January 25-26, 2026, and the PDAC Convention in Toronto from March 1-4, 2026, to engage with investors and stakeholders [2][3]. Project Divisions - The company operates three divisions: Platinum Group Elements (PGM), Lithium/Rare Metals, and Antimony-Gold, focusing on critical green metal projects [4]. PGM Division - The PGM Division includes the River Valley Project, one of North America's largest undeveloped PGM projects, and the Genesis PGM-Cu-Ni Project in Alaska [5]. Antimony-Gold Division - The Antimony-Gold division in Newfoundland covers 20,950 hectares across 11 properties, with ongoing exploration delineating multiple gold-antimony trends [6][7]. Recent Acquisitions - On January 21, 2026, the company announced the acquisition of the Northern Shield PGM-Copper-Nickel Project in Ontario's Ring of Fire, marking a strategic expansion [8]. Bonanza Ridge Project Expansion - The Bonanza Ridge Gold and Critical Metals Project has been expanded through option agreements for additional properties, increasing the total land package to approximately 8,500 hectares [9]. Field Operations Hub - A new field operations hub is being established in Kenora, Ontario, to enhance exploration activities across Northwestern Ontario and Eastern Manitoba [10]. Lithium Division Development - The Lithium Division is exploring hard rock lithium and rare elements in the Winnipeg River Pegmatite Field, in partnership with Mineral Resources Ltd., with a budget approved for ongoing projects [11]. Research Collaborations - The company is involved in multiple research collaborations, including a $1.5 million NSERC Alliance grant focused on advancing Canada's critical metals sector [12][13][14]. International Expansion - Management is actively seeking new mineral acquisition opportunities on an international scale, aiming to generate projects for major and junior mining companies [19].
NexMetals Outlines 2026 Technical Work Programs to Advance Selebi and Selkirk Deposits in Botswana and Accelerates CEO Transition
TMX Newsfile· 2026-01-15 12:00
Core Viewpoint - NexMetals Mining Corp. is positioned to accelerate resource growth and advance its Selebi and Selkirk projects in Botswana in 2026, following successful developments in 2025 [1][5]. Achievements in 2025 – Setting the Foundation for Growth - The company secured unencumbered title to the Selebi and Selkirk assets in Botswana after completing a milestone payment [5]. - A strengthened balance sheet was achieved through strategic financings to support exploration and development [5]. - The drill program advanced to target the two-kilometer gap between the Selebi Main and Selebi North deposits [5]. - Surface and underground exploration drilling expanded the mineralized footprint and improved geological understanding [5]. - Successful bench-scale testing of metallurgical flowsheets demonstrated the potential for producing high-grade, saleable copper and nickel cobalt concentrates [5]. 2026 Strategy Highlights – Moving Toward Economic Studies - The company plans to complete a Mineral Resource Estimate (MRE) update in H1 2026 and a Preliminary Economic Assessment (PEA) in H2 2026 [5][8]. - The Selebi Main surface drilling program will involve approximately 30,000 meters of drilling targeting resource expansion [5][8]. - Ongoing metallurgical testing aims to refine and optimize the metallurgical flowsheet for Selebi Mine material [5][8]. - The company expects a steady flow of technical results throughout 2026, which will significantly advance the projects [7]. Selkirk Mine – What to Expect in H1 2026 - The metallurgical drill program at Selkirk has been successfully completed, supporting resource modeling and future economic studies [5]. - The drill core resampling program at Selkirk was completed, which is essential for the upcoming MRE update [5]. - Assay results from exploration drilling and soil sampling programs are anticipated to provide further insights into resource potential [5].
Teako Announces Private Placement and Shares for Debt Transaction
TMX Newsfile· 2026-01-07 00:14
Core Viewpoint - Teako Minerals Corp. is conducting a non-brokered private placement to issue up to 16,666,666 common shares at a price of $0.06 per share, aiming for gross proceeds of up to $1,000,000, alongside a debt settlement of $113,000 through the issuance of 1,883,333 shares [1][2]. Group 1: Offering and Debt Settlement - The Offering will involve the issuance of common shares at a price of $0.06, with the total gross proceeds expected to reach $1,000,000 [1]. - The Debt Settlement will settle $113,000 of indebtedness by issuing 1,883,333 common shares at the same price of $0.06 per share [1][2]. - The Company plans to close the Offering and Debt Settlement promptly, subject to customary conditions including approval from the Canadian Securities Exchange (CSE) [3]. Group 2: Use of Proceeds - The net proceeds from the Offering are intended for exploration activities and general working capital, supporting the Company's goal of pursuing additional project deals and potential revenue-generating work [4]. Group 3: Insider Participation and Related Transactions - An insider of the Company is expected to receive Settlement Shares as part of the Debt Settlement, which may be classified as a "related party transaction" under Multilateral Instrument 61-101 [7]. - The Company will rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of the transaction being less than 25% of its market capitalization [7]. Group 4: Company Overview - Teako Minerals Corp. is based in Vancouver and focuses on acquiring, exploring, and developing mineral properties in Norway, particularly targeting critical metals such as copper, cobalt, zinc, and molybdenum [8]. - The Company's Project Hub includes significant projects like Løkken and Venna, which are prospective for various minerals including copper, cobalt, and rare-earth elements [9][10].
Metal Energy Completes Right of First Refusal Agreement on NIV Copper-Gold Project in British Columbia
TMX Newsfile· 2025-12-16 11:00
Core Viewpoint - Metal Energy Corp. has completed a right of first refusal agreement to acquire the remaining 20% interest in the NIV and West NIV properties, enhancing its ownership consolidation strategy in a promising copper-gold porphyry target in British Columbia [1][2]. Group 1: Agreement Details - The right of first refusal (ROFR) agreement allows Metal Energy to purchase the remaining interest on the same terms as any third-party transaction, supporting the company's goal to consolidate up to 100% ownership of the NIV properties over time [2]. - Following the agreement's closing, the company issued 600,000 common shares as consideration, which are subject to a four-month hold period and require final approval from the TSX Venture Exchange [3]. Group 2: Company Overview - Metal Energy Corp. is focused on critical metals exploration, particularly copper and gold assets in Canada, and now controls the NIV project, which is fully permitted and drill-ready [4]. - The company's portfolio includes three high-potential projects: NIV, Highland Valley, and Manibridge, indicating a strong position in the mining sector [7].
New Age Metals Options Magnet Lake Property Further Expanding the Bonanza Ridge Gold & Critical Metals Project, Kenora Mining District, Ontario
Thenewswire· 2025-12-09 14:35
Core Viewpoint - New Age Metals Inc. has entered into an option agreement to acquire the Magnet Lake Property, which consists of 55 mining claims totaling 1,147 hectares, located near Kenora, Ontario, enhancing its portfolio in the critical and precious metals sector [1][2][3] Acquisition Details - The Magnet Lake Property will be integrated into the Bonanza Ridge Gold and Critical Metals Project, reinforcing the company's position in the Kenora Mining District [2] - The acquisition includes a 2% net smelter return (NSR) royalty, which can be reduced to 1% for $1 million in cash [1] Exploration and Sampling Results - A due diligence site visit in October 2025 confirmed high-grade copper mineralization, particularly at the Gold Lake and Hollow Lake Prospects, with a notable grab sample returning 2.14% copper [5][6][19] - The property has excellent infrastructure, including road access and nearby power lines, and is located 25 km from Kenora, a significant economic hub [7][18] Strategic Positioning - The acquisition aligns with the Ontario Government's Critical Minerals Strategy, which aims to develop a world-class critical minerals jurisdiction [3][19] - New Age Metals holds a 12.2% stake in Metal Quest Mining Corp., which is also acquiring strategic positions in the Ring of Fire region, positioning the company to benefit from the growing critical metals market [4][19] Financial Terms of the Option Agreement - The option agreement includes a series of cash payments and share issuances over three years, starting with $10,000 and $25,000 in shares within 10 days of regulatory approval [21][22] - The agreement allows the company to terminate after fulfilling the first year's commitments [21] Industry Context - Copper has been designated a critical mineral by the Government of Canada since 2024, highlighting its importance in clean technologies and supply chain security [19] - The Kenora Gold District has a long history of high-grade mineralization and is recognized for its potential in the mining industry, with established infrastructure and a skilled workforce [20]
Verity completes purchase of remaining stake in Botswana copper-silver assets
Yahoo Finance· 2025-12-03 14:49
Core Insights - Verity Resources has completed the acquisition of 100% ownership of its copper-silver and copper-nickel projects in Botswana, enhancing its strategic position in the region [1][2] Acquisition Details - The acquisition involved purchasing the remaining 34% joint venture interest from BCL Investments for $206,060, following a pre-emptive right exercised by Verity [2] - This strategic move is expected to streamline operational control by eliminating a liquidating joint venture partner [2] Strategic Implications - The acquisition allows Verity to pursue various corporate strategies, including farm-ins, project financing, spin-outs, or asset sales from a fully owned position [3] - It enhances the company's ability to leverage its portfolio of supply-critical metals, particularly high-grade copper and silver, located near the Selebi nickel/copper mine [3] Project Portfolio Overview - Verity's Botswana project portfolio spans 1,800 km² and includes high-grade copper-silver prospects such as Airstrip and Dibete, as well as the Maibele North nickel-copper-cobalt-PGE deposit [4] - The main prospects are situated approximately 50–80 km northeast of the Selebi mine and account for nearly 10% of the total portfolio [4] Market Context - The Selebi mine was recently acquired by NexMetals Mining, which has received significant financial backing to support the redevelopment of nickel-copper-cobalt-PGE mines in Botswana [5]