Platinum Group Metals (PGM)

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New Age Metals Genesis PGM-Cu-Ni Project, Alaska -- Exploration Update
Thenewswire· 2025-07-29 12:30
Core Insights - New Age Metals Inc. has completed its 2025 exploration program at the Genesis PGM-Cu-Ni Project, which is 100% owned by the company and located in southeast Alaska [1][2] Project Overview - The Genesis PGM-Cu-Ni Project is situated approximately 65 km south of Glenallen and 265 km east of Anchorage, covering an area of 4,144 hectares of State of Alaska mining claims [1][2] - The project is accessible via the all-season paved Richardson highway and a high-capacity electric power line [2] - The mineralization includes chromate-hosted Platinum Group Metals (PGM) with values up to 2.4 g/t for both palladium and platinum, and nickel-copper (Ni-Cu) bearing sulphide mineralization with values up to 0.96% Ni and 0.58% Cu [2] Exploration Program - In July 2025, the company engaged Alaska Earth Sciences (AES) to conduct detailed mapping, sampling, and prospecting at the Sheep Hill area, focusing on Copper anomalies identified in previous sediment samples [4] - The exploration program includes a six-day field operation with a team of four, utilizing ATV access along maintained trails [5] - Geological mapping will be conducted at scales of 1:1,000 and 1:2,000, with litho-geochemical sampling following a 100 m x 100 m grid [5] Mineralization Potential - Known PGM mineralization extends over a distance of 9 km across the prospect, with target areas that have never been drilled [3] - Reef-style mineralization has been identified in outcrop for 2,000 meters along strike, with a true thickness of 40 meters [2] Company Background - New Age Metals is focused on the discovery and development of critical green metal projects in North America, with divisions in Platinum Group Elements, Lithium/Rare Elements, and Antimony-Gold [9][10] - The company is actively seeking joint venture partners for its Genesis PGE-Cu-Ni Project and other projects [15]
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].