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Critical One Provides Clarification Respecting Shareholder Meeting to be held on July 21, 2025
Globenewswire· 2025-07-10 21:40
Group 1 - Critical One Energy Inc. has announced that the resolution to ratify the acts and proceedings of the board of directors will not be put to shareholders for approval due to insufficient details in the Information Circular [1] - The management clarified that there are no acts or proceedings taken by the Board or officers that require shareholder approval, following a request from OSC staff [1] - The Annual General Meeting of shareholders is scheduled for July 21, 2025 [1] Group 2 - Critical One Energy Inc. is focused on critical minerals and upstream energy, aiming to meet the rising global demand for these resources [2] - The company has expanded its portfolio with the Howells Lake Antimony-Gold Project, enhancing its exposure to antimony, a critical mineral in high demand [2] - Critical One is strategically positioned with exploration interests in Canada and uranium investments in Namibia, leveraging its expertise to drive growth and deliver shareholder value [2]
Critical One Provides Clarification Respecting Shareholder Meeting to be held on July 21, 2025
GlobeNewswire News Room· 2025-07-10 21:40
Group 1 - Critical One Energy Inc. (formerly Madison Metals Inc.) will not present the resolution to ratify the acts and proceedings of the board of directors and officers at the upcoming Annual General Meeting due to insufficient details in the Information Circular for shareholders to make an informed decision [1] - The management clarified that there are no acts or proceedings taken by the Board or officers that require shareholder approval, following a request from OSC staff during a review of the Company's disclosure record [1] - The Company is focused on critical minerals and upstream energy, with a strategic position to meet the rising global demand for these resources, particularly through its Howells Lake Antimony-Gold Project and uranium interests in Namibia [2] Group 2 - Critical One Energy Inc. aims to leverage its technical, managerial, and financial expertise to upgrade and create high-value projects, driving growth and delivering value to shareholders [2] - The Company is backed by seasoned management and prime resource assets, positioning it well in the critical minerals market [2]
Metallium (MTM Critical Metals) Upgraded to OTCQX Market
Prnewswire· 2025-07-10 13:31
Company Overview - MTM Critical Metals Ltd, soon to be renamed Metallium Ltd, has upgraded to the OTCQX® Best Market from the OTCQB® Venture Market, enhancing visibility and access for North American investors [1] - The company is focused on recovering critical and precious metals through a low-carbon, high-efficiency approach via its U.S. subsidiary, Flash Metals USA Inc [4] Strategic Developments - The upgrade to OTCQX is a significant step in the company's U.S.-focused strategy, allowing easier trading for U.S. shareholders and enabling shares to be purchased in U.S. dollars during local market hours [2] - The company is developing its first commercial Flash Joule Heating facility in Texas, targeting revenue from high-value materials such as gallium, germanium, rare earth elements, gold, and silver [2][5] Financial Position - The company recently completed a $50 million institutional capital raise to accelerate its commercialization efforts in the U.S. [3] - The upgrade to OTCQX will enhance the availability of the company's shares and expand Blue Sky compliance across multiple U.S. states [2] Technology and Operations - Flash Metals USA is commercializing the patented Flash Joule Heating (FJH) process, which is a selective thermal method for recovering metals without acids or smelting [5] - The first commercial plant in Texas is designed to recover various metals, including gallium, germanium, indium, gold, silver, and copper, aligning with U.S. industrial modernization efforts [5]
Maxus Mining Announces 2025 Exploration Program at its Penny Copper Project
Globenewswire· 2025-07-10 12:00
VANCOUVER, British Columbia, July 10, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to provide a summary of the 2025 exploration program (the “Program”) planned on its Penny Copper Project (the “Penny Property”, or the “Project”) located in British Columbia, Canada. The Company plans to undertake an airborne mobile magnetotelluric geophysical survey over the Project. Additionally, plans to further investigate mineralized outcrops at the Project iden ...
Mandalay Resources Reports Steady Q2 Production, US$101M Cash and Crucial Investment to Support Growth at Costerfield
Globenewswire· 2025-07-09 21:00
Core Viewpoint - Mandalay Resources Corporation reported its second quarter production results, highlighting a strong financial position with $101 million in cash and no debt, and a successful merger with Alkane Resources expected to close in early August, which will nearly double the company's size and enhance its valuation potential [3][4]. Production Highlights - The company produced a total of 22,554 gold equivalent ounces in Q2 2025, which includes 19,328 ounces of gold and 137 tonnes of antimony, showing a decrease from 26,372 gold equivalent ounces produced in Q2 2024 [8][15]. - Björkdal mine produced 11,183 ounces of gold in Q2 2025, down from 12,599 ounces in Q2 2024, while Costerfield produced 11,371 gold equivalent ounces, including 8,145 ounces of gold and 137 tonnes of antimony, compared to 13,773 gold equivalent ounces in Q2 2024 [5][8][10]. Financial Performance - The quarter-end cash balance increased by $13 million quarter-over-quarter to $101 million, despite significant capital expenditures [7]. - The average gold price was reported at $3,280 per ounce and the average antimony price at $58,813 per tonne for Q2 2025 [10][18]. Sales Overview - The company sold a total of 21,247 gold equivalent ounces in Q2 2025, down from 26,759 gold equivalent ounces in Q2 2024, with Björkdal selling 11,460 ounces and Costerfield selling 9,787 ounces [16][18]. - For the first six months of 2025, total sales reached 47,026 gold equivalent ounces, compared to 52,036 gold equivalent ounces in the same period of 2024 [14][18]. Future Outlook - Both operations are implementing improvement initiatives to maintain or enhance plant performance, with expectations of similar production levels at Björkdal and a grade uplift at Costerfield in the second half of 2025 [6][9].
Azimut Resumes Drilling to Expand the Antimony-Gold Zone on the Wabamisk Property, James Bay Region, Québec, Canada
Globenewswire· 2025-07-09 10:30
Core Viewpoint - Azimut Exploration Inc. is advancing its systematic diamond drilling program to delineate the Fortin antimony-gold Zone on its Wabamisk Property in Québec, Canada, following promising previous results and aiming to enhance the understanding of the mineralization potential in the area [1][2][3]. Company Summary - Azimut Exploration Inc. is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Québec [18]. - The Wabamisk Property is a wholly owned project covering 662 claims over an area of 350.5 km², strategically located near other significant mineral deposits and infrastructure [11]. - The company is also advancing other projects, including the Elmer Gold Project, which has indicated and inferred resources of 311,200 ounces and 513,900 ounces of gold, respectively [19]. Drilling Program Details - The current drilling program aims to define the Fortin Zone over a 1.5-kilometre strike and down to 200 metres vertically, with a minimum of 5,000 metres planned for completion by August [6]. - A second phase of 5,000 metres will follow to infill and expand the mineralized zone, focusing on high-grade gold potential at depth [6]. - Preliminary results from channel sampling have shown significant antimony and gold grades, with peak values of 36.5 g/t Au and 13.4% Sb [5][6]. Mineralization Insights - The Fortin Zone is characterized by a multi-kilometre-long antimony-gold-bearing feldspar porphyry sill hosted in sheared metasediments, with continuity of antimony mineralization confirmed over a strike length of at least 1.5 kilometres [2][3]. - The mineralized system is primarily hosted in an east-west striking, subvertical feldspar porphyry intrusive sill, with antimony-rich systems being unusual in the Archean settings of Québec [13]. Market Context - The price of antimony has surged to US$60,000 per tonne due to supply shortages, with China accounting for 60% of global production, highlighting the strategic importance of antimony as a critical mineral [10]. - The ongoing supply constraints and trade disputes have increased the risk of supply disruptions, potentially leading to further price appreciation [10].
CEO.CA's Inside the Boardroom: Southern Cross: New TSX Milestone & Big Drill Results at Sunday Creek
Newsfile· 2025-07-08 17:22
CEO.CA's Inside the Boardroom: Southern Cross: New TSX Milestone & Big Drill Results at Sunday CreekJuly 08, 2025 1:22 PM EDT | Source: CEO.CA Technologies Ltd.Toronto, Ontario--(Newsfile Corp. - July 8, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in venture stocks, shares exclusive updates with CEOs and executives from around the globe.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada ...
Maxus Mining Announces Appointment of Morgan Verge as Technical Advisor
Globenewswire· 2025-07-08 12:00
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. ("Maxus" or the "Company") (CSE: MAXM | FRA: R7V), is pleased to announce the appointment of Morgan Verge as a Technical Advisor to the Company (the "Appointment"). Ms. Verge brings over a decade of experience in leading exploration programs, developing geological databases, and supporting mining projects throughout Canada. Ms. Verge is a professional geoscientist and the President and CEO of Verge Geological Consulting Ltd., w ...
Churchill Reports High-Grade Zinc Results on Polymetallic Veins at the Black Raven Property, Central Newfoundland
Globenewswire· 2025-07-08 11:00
These samples exceeded the laboratory's original upper detection limit for zinc (50,000ppm or 5% - see release of June 23 2025), and the results reported herein are from the overage assay protocols. The Black Raven vein systems have never been drilled. TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc. ("Churchill" or the "Company") (TSXV: CRI) is pleased to announce the final due-diligence sample results on its Black Raven property with three over-limit zinc assays of 5.25%, 11.03% and 12. ...
Nova Publicly Files a Registration Statement With the SEC
Globenewswire· 2025-07-07 10:30
Core Viewpoint - Nova Minerals Limited has filed a registration statement for a secondary public offering of its American Depositary Shares (ADSs) to advance its Estelle Project in Alaska, focusing on gold, antimony, and critical minerals [1][2]. Group 1: Offering Details - The offering will consist of ADSs, each representing 60 ordinary shares, with an assumed price of US$12.56 per ADS based on the Nasdaq sale price on June 30, 2025 [2]. - The final number of ADSs and the public offering price have not yet been determined, and the offering is subject to market conditions [2]. - The offering will be conducted under ASX listing rules 7.1 and 7.1A [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for resource and exploration field programs, including additional drilling, feasibility studies, and general working capital [3]. Group 3: Company Overview - Nova Minerals Limited is focused on the Estelle Project, which includes 514 km of mining claims in Alaska, featuring multiple mining complexes and over 20 advanced gold and antimony prospects [7]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment exceeding 220 million ounces and hosting major gold mines [7].