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Volta Announces Closing of $2.8 Million Oversubscribed and Upsized Private Placement
TMX Newsfile· 2025-12-23 22:43
Core Viewpoint - Volta Metals Ltd. has successfully closed an oversubscribed non-brokered private placement, raising gross proceeds of $2,810,508 through the issuance of 12,219,601 common shares at a price of $0.23 per share, marking a significant milestone for the company [1][6]. Financing Details - The private placement was oversubscribed, indicating strong investor interest and confidence in the company's strategy [1][6]. - The funds raised will be utilized for eligible Canadian exploration expenses, specifically for flow-through critical mineral mining expenditures, on or before December 31, 2026 [3]. - A director of the company participated in the offering, acquiring 87,000 FT Shares, which is classified as a related party transaction [4]. Use of Proceeds - The company plans to initiate a second-phase drill program to further explore the recently acquired Springer advanced Rare Earth and Gallium Deposit, as well as the Aki Critical Minerals Project [3]. - All qualifying expenditures will be renounced in favor of the subscribers of the FT Units by December 31, 2025 [3]. Compensation and Regulatory Compliance - In connection with the offering, the company paid commissions totaling $163,560 in cash and issued 711,132 finder warrants, which allow the purchase of common shares at the same price for a period of 24 months [5]. - The offering is subject to a statutory hold period of four months and one day, and requires regulatory approvals, including from the Canadian Securities Exchange [5]. Company Overview - Volta Metals Ltd. is a mineral exploration company based in Toronto, focusing on critical minerals such as rare earths, gallium, lithium, cesium, and tantalum [7]. - The company is actively exploring a portfolio of projects in Ontario, a region recognized for its potential in hard-rock critical minerals [7].
Share issuance to VW Group
Prnewswire· 2025-12-18 21:01
MONTRÉAL, Dec. 18, 2025 /PRNewswire/ - December 19, 2025 – Sydney, Australia Volkswagen's subscription follows the recent issuance of shares by the Company to Azimut Exploration Inc. and SOQUEM Inc at a deemed issue price of $3.68 per share as part of the Pikwa acquisition announced on 12 November 2025. The Toronto Stock Exchange has conditionally approved the issuance of the 89,125 shares to Volkswagen. The shares will be issued in accordance with the Company's existing placement capacity under the ASX Lis ...
NioBay Metals Announces Closing of Brokered Life Offering and Concurrent Private Placement for Gross Proceeds of C$8.9 Million
Globenewswire· 2025-12-18 14:21
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Dec. 18, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (TSX-V: NBY) (“NioBay” or the “Corporation”), is pleased to announce the closing of its previously announced “best efforts” private placement (the “Brokered Offering”) for aggregate gross proceeds of C$8,497,990.20, which includes the exercise of the agent’s option. The Brokered Offering is comprised of the sale of (i) 12,277,430 units of the Corpo ...
Ontario Minister and Nipissing First Nation Chief Visit Volta's Springer Rare Earth Project, Advancing Indigenous Partnership and Critical Minerals Development
TMX Newsfile· 2025-12-18 11:00
Core Viewpoint - Volta Metals Ltd. is advancing its Springer Rare Earth Project in Ontario, with significant engagement from government and Indigenous leaders, highlighting the project's strategic importance in North America's critical minerals supply chain [1][6]. Project Development - The site visit by Minister Greg Rickford and NFN Chief Cathy Stevens focused on permitting pathways, Indigenous economic participation, and the project's role in the critical minerals supply chain [2]. - Minister Rickford examined the project's geological advantages and infrastructure, emphasizing the potential of Ontario's "One Project, One Process" initiative to streamline permitting while ensuring environmental standards and Indigenous rights are respected [3]. Indigenous Participation - The Nipissing First Nation (NFN) offers a network of First Nation-owned businesses that can support the project's advancement, providing access to a skilled workforce and local services [4]. - The engagement represents progress in economic reconciliation, moving towards specific pathways for NFN participation in the project's economics [5]. Strategic Importance - The ministerial engagement underscores the provincial recognition of the Springer's strategic potential within Canada's domestic rare earth supply chain, addressing vulnerabilities due to reliance on foreign sources [6]. - Volta's President and CEO highlighted the importance of strong Indigenous partnerships and established infrastructure in de-risking the project through exploration and permitting [7]. Community Engagement - The ongoing collaboration with the Nipissing First Nation is seen as essential for ensuring that the perspectives of the community guide the project's development stages [9].
Why Critical Metals Stock Dropped Today
The Motley Fool· 2025-12-15 18:56
Critical Metals is a momentum stock, and incredibly hard to value.Critical Metals (CRML 8.60%) stock, a start-up miner of rare-earth elements, tumbled 9.8% through 1:35 p.m. ET this morning despite reporting some apparently good news for shareholders.Drilling at its exploratory Tanbreez Rare Earth Project in Greenland, Critical Metals has found evidence of minable quantities of yttrium, cerium, gallium, and hafnium, as well as zirconium, niobium, and tantalum. What this means for investorsThe company says t ...
PMET Announces Multiple New Lithium/Caesium Discoveries in 2025 Drilling at the Shaakichiuwaanaan Property
Prnewswire· 2025-12-14 22:00
Core Insights - PMET Resources Inc. announced significant lithium and caesium discoveries from its 2025 drilling campaign at the Shaakichiuwaanaan Property, indicating the potential for expanded mineral resources and reserves [2][4][5] Drilling Campaign Overview - A total of 57,024 meters of diamond drilling was completed in 2025, with results reported for 41,943 meters across 173 holes, while assays for 15,081 meters remain pending [3][5][30] - The drilling campaign included testing multiple lithium-caesium-tantalum (Li-Cs-Ta) pegmatite prospects, infill drilling, and condemnation drilling to support development [5][21] Lithium Discoveries - New lithium zones were discovered at the CV4 and CV12 pegmatites, with notable intercepts including 27.0 meters at 1.14% Li2O and 229.0 meters at 1.31% Li2O, respectively [2][17] - The CV5 Pegmatite's strike length has been extended to approximately 5.0 kilometers, with significant results such as 224.9 meters at 1.34% Li2O [24] Caesium Discoveries - A new caesium zone was identified at the CV12 Pegmatite, with intercepts including 23.0 meters at 5.82% Cs2O within a broader anomalous zone of 223.0 meters at 0.98% Cs2O [14][17] - High-grade caesium was also intersected at the CV5 Pegmatite, with results including 0.5 meters at 17.9% Cs2O [24] Mineral Resource Estimates - The Consolidated Mineral Resource Estimate for the CV5 and CV13 pegmatites totals 108.0 million tonnes at 1.40% Li2O and 0.11% Cs2O, with a Probable Mineral Reserve of 84.3 million tonnes at 1.26% Li2O [6][7] Future Plans - The geology team is working on updating geological models based on new drill data, with plans for a revised economic study scheduled for the second half of 2026 [29] - Additional drilling is planned to further delineate the caesium zones and assess the potential for underground resources [14][20]
Resourcing Tomorrow: stakeholder collaboration key to artisanal sector formalisation
Yahoo Finance· 2025-12-03 17:55
Talks on critical minerals will be the order of the day in one way or another for the thousands of guests attending the Resourcing Tomorrow mining event in London this week. However, Brent Bergeron, Pan American Silver’s senior vice-president of corporate affairs and sustainability, expressed concerns that talks will fail to address issues around the buying and responsible production of artisanal commodities. During the event’s discussion entitled 'Responsible Sourcing of Minerals: Building Sustainable S ...
NioBay Metals Announces Additional Mineralized Intersections
Globenewswire· 2025-11-18 14:30
Core Insights - NioBay Metals Inc. has announced successful results from its 2025 summer drill campaign at the Crevier niobium and tantalum project, confirming mineralized zones over a strike length exceeding 6 km [1][3][4] - The company plans to conduct a significantly larger pilot test of 140 tonnes, compared to the previous 10-tonne test, and is engaging with potential customers for niobium oxide production [2][3] - The campaign was supported by the Government of Québec, and the results will be used to update resource estimates for the project [3][4] Company Overview - NioBay Metals Inc. holds a 72.5% interest in the Crevier Project, located in Québec, and aims to develop mines with low carbon consumption and responsible environmental practices [1][20] - The company also has a 100% interest in the James Bay Niobium Project in Ontario, emphasizing the importance of Indigenous community participation in its operations [20] Drill Campaign Details - The 2025 drill campaign consisted of 15 holes covering 3,324 meters, designed to verify mineralization continuity [3] - The campaign confirmed the presence of mineralized zones, with results indicating various percentages of Nb2O5 across multiple drill holes [5][7] - Bulk sampling of over 140 tonnes of rock has been completed for further mineralogical testing [4][6] Mineralization Results - The drill results showed significant intercepts of niobium and tantalum, with various lengths and grades reported [5][8] - Notable intercepts include lengths of up to 19.85 meters with Nb2O5 grades reaching 0.3541% [5][14] - The results will contribute to a comprehensive resource estimate update for the Crevier Project [3][4] Future Plans - NioBay intends to utilize the winter season to advance work on the James Bay Niobium property while continuing discussions with potential customers for niobium oxide [2][3] - The company is focused on producing materials that meet the specific needs of battery manufacturers, indicating a strategic direction towards the energy sector [2][3]
Brunswick Exploration Drills 47.2 Meters at 1.66% Li2O Within 120.7 Meters at 1.31% Li2O
Globenewswire· 2025-11-17 10:00
Core Insights - Brunswick Exploration Inc. has announced positive inaugural drilling results from its Anatacau Main Project in Quebec, revealing multiple large spodumene-bearing pegmatites with rich lithium mineralization [1][3][4] Drilling Results - The drilling campaign included six diamond drill holes totaling 750 meters, with all holes intercepting mineralized pegmatites [15] - Significant intercepts include drill hole AN-25-05, which showed 1.31% Li2O over 120.7 meters, with a true thickness estimated between 65% and 85% [5][9] - High cesium values were also noted, with up to 1.46% Cs2O over 1 meter in some intervals [5][9] Project Potential - The Anatacau Main Project is located along a major deformation corridor similar to the neighboring Galaxy deposit owned by Rio Tinto, which has a resource of 54.3 million tonnes at 1.30% Li2O [3][4] - The company controls over 18 kilometers of this prospective corridor, indicating significant exploration potential [3][4] - The mineralized pegmatite dykes exhibit excellent continuity in mineralogy and grade, with several high-grade zones identified [9] Geological Context - The largest pegmatite outcrop at the Anais showing has been extended to over 170 meters in strike length and remains open in all directions [8] - The host rocks consist of greywacke and amphibolite, with pervasive lithium alteration observed, suggesting significant lithium-bearing fluids along the deformation corridor [10] Future Plans - A maiden resource estimate for the Mirage project is forthcoming, alongside an inaugural drill campaign in Greenland and other growth opportunities [4] - A geometallurgical study is underway, with results expected in early 2026 [11]
PMET Resources Files NI 43-101 Technical Report on the CV5 Lithium-Only Feasibility Study on its Shaakichiuwaanaan Project
Prnewswire· 2025-11-15 01:47
Core Viewpoint - PMET Resources Inc. has filed a technical report on its lithium-only feasibility study for the CV5 Pegmatite at the Shaakichiuwaanaan Project, indicating a positive outlook for a large-scale mining operation [1][5]. Group 1: Technical Report Details - The technical report, titled "CV5 Pegmatite Lithium-Only Feasibility Study NI 43-101 Technical Report," was prepared in accordance with National Instrument 43-101 and issued on November 14, 2025, with an effective date of October 20, 2025 [1][2]. - The report is available on SEDAR+ and will also be accessible on the company's website, encouraging readers to review it in its entirety [3]. Group 2: Project Overview - The Shaakichiuwaanaan Property is a 100%-owned pegmatite critical mineral exploration and development project located in Quebec, Canada, with year-round accessibility and proximity to hydro-power infrastructure [4]. - The feasibility study has declared a maiden mineral reserve of 84.3 million tonnes (Mt) at 1.26% Li2O (Probable), targeting up to approximately 800,000 tonnes per annum (ktpa) of spodumene concentrate using a Dense Media Separation process [5][6]. Group 3: Mineral Resource Estimates - The project hosts a consolidated mineral resource totaling 108.0 Mt at 1.40% Li2O and 166 parts per million (ppm) Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), ranking as the largest lithium pegmatite resource in the Americas and among the top ten globally [7][12]. - Additionally, the project contains the world's largest pollucite-hosted caesium pegmatite mineral resource, with 0.69 Mt at 4.40% Cs2O (Indicated) and 1.70 Mt at 2.40% Cs2O (Inferred) [7].