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Northwest Copper Announces Closing of Oversubscribed Private Placement
Globenewswire· 2025-07-04 11:00
Core Viewpoint - NorthWest Copper Corp. successfully closed an oversubscribed non-brokered private placement financing, raising a total of $555,000 through the sale of 2,775,000 units at $0.20 per unit, which will primarily be used for general working capital purposes [1][2]. Financing Details - The private placement consisted of 2,775,000 units priced at $0.20 each, resulting in gross proceeds of $555,000 [2]. - Each unit includes one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 until July 3, 2027 [2]. - The company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants, also exercisable at $0.30 until July 3, 2027 [3]. Strategic Insights - CEO Paul Olmsted highlighted that the increased demand for the private placement reflects confidence in the company's new strategic approach at Kwanika, focusing on higher-grade zones within current mineralization [3]. - The financing is seen as a crucial step in preparing for the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika [3]. Related Party Transactions - Three directors of the company acquired a total of 400,000 units for $80,000, which qualifies as a related party transaction [5]. - These transactions are exempt from certain requirements under Multilateral Instrument 61-101 due to the fair market value of the securities not exceeding 25% of the company's market capitalization [5]. Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [7]. - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [7].
Atico Mining Announces Execution of Loan Amendment with Trafigura to Restructure Outstanding Credit Facility
Globenewswire· 2025-06-30 20:29
Core Viewpoint - Atico Mining Corporation has successfully executed a loan amendment and restructuring with Trafigura, extending its existing secured credit agreement and outlining repayment terms for the outstanding principal amount of US$8.7 million [1][2]. Group 1: Loan Amendment and Restructuring - The outstanding principal amount of US$8.7 million will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will accrue interest at a rate of SOFR plus 7.5% [2]. - The existing commercial concentrate purchase contract with Trafigura has been extended for two more years, covering 100% of the concentrate produced from the El Roble mine, with a minimum annual tonnage of 32,000 dry metric tons [2]. Group 2: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America [3]. - The company generates significant cash flow through the operation of the El Roble mine and is developing the high-grade La Plata VMS project in Ecuador [3]. - Atico is also pursuing additional acquisition opportunities in advanced stages [3].
Atico Mining Announces Execution of Term Sheet with Trafigura to Restructure Outstanding Credit Facility
Globenewswire· 2025-06-13 21:52
Core Viewpoint - Atico Mining Corporation has entered into a term sheet with Trafigura PTE. LTD. to amend and extend its existing secured credit agreement, with an outstanding principal amount of US$8.7 million [1][2]. Group 1: Financial Terms - The principal amount will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will incur interest at a rate of SOFR plus 7.5% [2]. Group 2: Contractual Agreements - The existing commercial concentrate purchase contract with Trafigura has been extended for an additional two years, covering 100% of the concentrate produced from the El Roble mine, with a minimum tonnage of 32,000 dmt per year [2]. - Closing of the transactions is contingent upon finalizing definitive documentation and obtaining approval from the TSX Venture Exchange, expected by June 30, 2025 [3]. Group 3: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project in Ecuador [4].
Cordoba Minerals Announces Voting Results from Annual General Meeting of Shareholders
Newsfile· 2025-06-10 00:15
Core Points - Cordoba Minerals Corp. held its Annual General Meeting of Shareholders on June 9, 2025, where all nominated directors were elected [1] - Shareholders voted overwhelmingly in favor of the re-appointment of Deloitte LLP as the company's auditors for the upcoming year [2] - The company's stock option plan was re-approved, allowing for the issuance of shares not exceeding 10% of the company's issued and outstanding shares, pending final approval from the TSX Venture Exchange [3] Company Overview - Cordoba Minerals Corp. is focused on the exploration, development, and acquisition of copper and gold projects, including the Alacran Project in Colombia and a 51% interest in the Perseverance Copper Project in Arizona, USA [4]
Domestic Metals Announces Non-Brokered Private Placement and Change of CFO and Corporate Secretary
Globenewswire· 2025-05-27 12:00
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces a non-brokered private placement (the “Placement”) of up to 13,043,478 units (the "Units") at a price of $0.23 per Unit (the "Offering") for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company (a "Share") ...
Atico Mining Signs New 30-Year Title for El Roble Mine and Receives Ruling Clarification from Tribunal
Globenewswire· 2025-05-26 12:45
Core Viewpoint - Atico Mining Corporation has secured a new 30-year mining title for the El Roble mine, which is expected to significantly de-risk operations and improve liquidity through the sale of previously pledged concentrate [2][4]. Group 1: New Mining Title - The Colombian National Mining Agency has granted Atico a new 30-year mining title for the El Roble mine, following negotiations and in accordance with the preference rights stated in decree 2477 from 1986 [2]. - The new title will comply with Colombian mining law (Law 685 from 2001) and includes additional compensation fees for the Colombian State and community relations expenses [3]. Group 2: Financial Implications - Atico held approximately 5,000 wet metric tonnes of unsold concentrate valued at about US$2000 per dry metric tonne, which will now be released from pledge, allowing the company to use proceeds from sales to enhance liquidity and reduce liabilities [4]. - The company has made progress in its payment obligations, having paid US$12 million through a payment plan, with adjustments for inflation and interest, and plans to pay the remaining US$10.7 million in 2025 and 2026 [5]. Group 3: Operational Focus - The new mining title and the ability to sell concentrate will enable Atico to improve its balance sheet and focus on extending the life of the El Roble mine through an aggressive near-mine drill program [2].
American Eagle's 30,000 metre Drill Campaign at NAK is Underway
Newsfile· 2025-05-22 10:00
Core Viewpoint - American Eagle Gold Corp. has initiated a fully funded 30,000-metre drill program at its NAK copper-gold porphyry project in British Columbia, aiming to expand high-grade mineralization and explore new targets [2][10]. Group 1: Drill Program Overview - The 2025 drill program builds on previous successes and incorporates a robust interpretive model developed during the offseason, which included relogging core and integrating 3D geophysical interpretations [3][4]. - Objectives for the drill program include expanding the high-grade, near-surface copper-gold zone in the southern section of the Main Zone, identifying new high-grade zones in the northern section and at depth, and drilling newly identified targets in untested areas [4][9]. Group 2: Target Areas and Strategy - Initial drilling will focus on untested segments of mineralized trends and dyke phases, prioritizing near-surface, higher-grade areas adjacent to the gold-enriched southern section of the Main Zone [5]. - High-priority targets include the largely untested "IP Embayment" south of drill hole NAK23-09, which has shown localized outcropping mineralization and high copper and gold geochemistry [6]. - Exploration will also target the eastern margin of the stock, following up on historical intercepts and geophysical anomalies that indicate potential mineralization [7]. Group 3: Project Infrastructure and Financial Position - The NAK project benefits from excellent infrastructure, including road access and proximity to towns along a major rail line, which supports exploration efforts [8][11]. - The company has over $37 million in cash, supported by strategic investments from Teck Resources and South32, positioning it well for the current drill program [12].
Royal Road Minerals Announces OTCQB Quotation
Newsfile· 2025-05-21 12:00
Royal Road Minerals is a mineral exploration and development company with its head office and technical- operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ens ...
Commander Resources Announces Voting Results of Annual General and Special Meeting of Shareholders
Newsfile· 2025-05-15 19:15
Commander Resources Announces Voting Results of Annual General and Special Meeting of ShareholdersMay 15, 2025 3:15 PM EDT | Source: Enduro Metals CorporationKelowna, British Columbia--(Newsfile Corp. - May 15, 2025) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro") and Commander Resources Ltd. (TSXV: CMD) ("Commander" and together with Enduro, the "Parties") are pleased to announce that Commander's shareholders approved the previously announced arrangement between ...
Euro Sun Mining Advancing Rovina Valley Project Following Strategic EU Designation
Globenewswire· 2025-05-07 20:05
Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley Project located in west-central Romania, which hosts the second largest copper & gold deposit in Europe. TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) ("Euro Sun" or the "Company") is pleased to report continued progress on its Rovina Valley Project in Romania, which was recently designated as a strategic asset under the European Union's Critical R ...