AI Summary:
- Nuclear Vision Limited (CSE: NUKV) announces non-brokered private placement of up to 7,142,858 units
- Price per unit: $0.28
- Gross proceeds: up to $2,000,000
- Each unit: 1 common share + 1 warrant
- Each warrant: purchase 1 share at $0.50, valid for 24 months from closing
- Proceeds to fund Botswana asset advancement (geophysical surveys, geological mapping, permeability testing, Electric Pulse technology), and general working capital
- Securities subject to 4 months + 1 day hold period
- Finder’s fees may apply per CSE policy
- Securities not registered under US Securities Act of 1933; not for US distribution
- Previous private placement announced January 23, 2025, will not proceed
- Regnault Project: 71 mineral claims, ~3,678 Ha, north-northeast of Chibougamau, Québec
- UA92 uranium project: 7 prospecting licenses, ~4,828 km², central Botswana
- Contact: Derrick Dao (CEO), info@nuclearvisionltd.com, (416) 427-4505; Neil Simon (Investor Cubed), nsimon@investor3.ca, (647) 258-3310
AI Summary:
- CEO.CA, leading investor social network for junior resource and venture stocks
- Founded 2012
- Wholly owned subsidiary of EarthLabs, Inc.
- Millions of annual visitors from over 164 countries
- Popular free financial website and app in Canada and globally for small-cap investors
- Features 'Inside the Boardroom' weekly executive interview series
- Recent interview: Jim Paterson, CEO of ValOre Metals Corp (TSXV: VO) (OTCQB: KVLQF) (FSE: KEQ0) discussing proposed merger with South Atlantic Gold
- Hundreds of executive interviews available on CEO.CA and YouTube
- CEO.CA app available on iOS and Android
- Cautionary statement: forward-looking information involves risks, uncertainties, and factors such as capital/operating costs, commodity prices, financing, regulatory approvals, and market changes
- No stock exchange or regulatory authority approval of content
- Contact: hello@ceo.ca, website: CEO.CA
AI Summary:
- Onyx Gold Corp. (TSXV: ONYX, OTCQX: ONXGF) closed the second and final tranche of its non-brokered private placement
- Issued 1,709,657 flow-through shares at $1.19 per share in the second tranche
- Aggregate gross proceeds from the second tranche: approximately $2.03 million
- Total funds raised since May 2025: $13.04 million
- Over $15 million raised including exercise of outstanding warrants
- Existing strategic investor will own approximately 9.4% of issued and outstanding shares post-placement
- Proceeds to be used for "Qualifying Expenditures" on projects in Ontario and Yukon by December 31, 2026
- Qualifying Expenditures to be renounced to FT Share subscribers effective December 31, 2025
- Private Placement subject to final TSX Venture Exchange acceptance
- FT Shares subject to a hold period of four months and one day from closing
- Onyx Gold’s portfolio includes Munro-Croesus Gold property, Golden Mile, Timmins South (Ontario), and four properties in Selwyn Basin (Yukon)
- Contact: Brock Colterjohn, President & CEO, 1-604-283-3341, information@onyxgold.com
- Forward-looking statements included; actual results may differ due to various risks and uncertainties
AI Summary:
- Nova Pacific Metals Corp. (CSE: NVPC) provides update on 8,500-metre Phase 1 drill program at Lara VMS Project, Vancouver Island, BC
- 21 of 39 planned drillholes completed (4,953 metres drilled)
- Second drill rig added to accelerate program
- 7 drillholes sampled and shipped to ALS Geochemistry; 4 sent for rush assaying
- Drilling commenced May 2025; core processing ongoing; third sample shipment being prepared
- Phase 1 objectives: confirm historical drilling and test high-priority extensions along Coronation Trend
- 650,000 incentive stock options granted to consultants/advisory board, exercisable at $0.14/share for 5 years, vest immediately
- Project located in Sicker Group felsic volcanics; visible massive sulphide and sulphide vein mineralization observed
- Nova Pacific holds option to acquire 100% interest in Lara Project
- Focus on updated mineral resource estimate (MRE) and further technical/exploration studies
- Commitment to environmental responsibility and engagement with Indigenous communities
- Qualified Person: David Nelles, P.Geo.
- Contact: info@novapacificmetals.com, +1-416-918-6785
AI Summary:
- Blue Lagoon Resources Inc. (CSE: BLLG, OTCQB: BLAGF, FSE: 7BL) President & CEO Rana Vig to present at 121 Mining Investment Conference, New York, June 9-10, 2025
- Advancing toward production at Dome Mountain Gold Project, fully permitted, high-grade
- Dome Mountain average gold grade: 9 grams per tonne (g/t)
- Dome Mountain one of only 9 mining permits granted in British Columbia since 2015
- Project land package: 22,000 hectares
- Production targeted to start Q3 2025
- Project fully funded for production starting summer 2025
- Company objective: become cash-flowing mining company, deliver value to shareholders, state, and local communities
- Mining permit granted February 2025
- Not basing production decision on feasibility study; increased uncertainty and risk acknowledged
- Conference participation aligns with strategy to market project globally ahead of production transition
- Company is 100% owner of Dome Mountain Gold Project
- Contact: Rana Vig, President & CEO, 604-218-4766, ranavig@bluelagoonresources.com
AI Summary:
- Bear Creek Mining Corporation AGM held June 5, 2025, Vancouver, BC
- Shareholders approved all business matters from April 16, 2025 Information Circular
- Directors re-elected: Catherine McLeod-Seltzer, Eric Caba, Kevin Morano, Alan Hair, Susan Toews
- New directors elected: Peter Mitchell, Ian Grundy
- 10% Rolling Stock Option Plan (dated April 26, 2022) confirmed, ratified, approved
- PricewaterhouseCoopers LLP re-appointed as auditors for ensuing year
- Board appointments: Catherine McLeod-Seltzer (Chair), Eric Caba (President & CEO), Zoya Shashkova (CFO), Brian Peer (COO), Eduardo Flores (SVP Business Development), Barbara Henderson (VP Corporate Communications & Corporate Secretary)
- Board committees constituted: Audit, Compensation, Nominating and Corporate Governance, Operating, Safety and Sustainability
- Contact: Barbara Henderson, 604-628-1111, barb@bearcreekmining.com
- Cautionary statement regarding forward-looking information and associated risks included
AI Summary:
- Ramp Metals Inc. (TSXV: RAMP) completed spring drill program at Rottenstone SW property
- 20 drill holes completed, totaling 4,942 metres
- Airborne geophysics (Xcite HTDEM system) flown over entire property, 100-metre line spacing, 3,342 line-km total
- Ranger target: 8 drill holes, 7 around Ranger-001; all 7 intersected significant quartz-diorite package
- Previous high-grade gold intercept at Ranger: 73.55 g/t Au over 7.5m (June 17, 2024 news)
- 1 hole tested conductor 1.5 km NE, ended at 200m due to time constraints; further testing planned
- Rush target: 10 drill holes at new VMS target; semi-massive to massive sulphide in 5 holes (chalcopyrite, sphalerite, minor galena)
- Rush-010: intersected 4.16m net textured to semi-massive sulphide (21.4m-25.56m), disseminated sulphides to 47m depth, 150m step-out from initial discovery
- Surface rock samples at Rush outcrop: up to 1.61% copper, 0.79 g/t gold, 113 g/t silver (Jan 20, 2025 news)
- Rogue target: 3 drill holes; 2 encountered pyrrhotite/pyrite mineralization, potassic and hematite altered diorite/fractures
- Previous soil samples at Rogue: up to 530.7 ppb Au (Jan 20, 2025 news)
- Drilling at Rogue limited by permit; further exploration warranted
- Magnetic and TDEM survey completed; data processing underway
- All drill core relocated to Prince Albert due to forest fires; samples being processed at Bureau Veritas in Vancouver
- Plans for further mapping, sampling, and ground geophysics in summer after data analysis and fire risk subsides
- Permit amendment being prepared for up to 30,000m additional drilling and 30-person camp
- Rottenstone SW property: 32,715 hectares in Rottenstone Domain
- QA/QC: pXRF used for initial screening; lab analysis at BV (ISO 17025:2017 accredited); samples cut to max 1.5m intervals; control samples inserted at 1:15 rate
- Qualified Person: Brett Williams, P.Geo., VP Operations and Senior Geologist
- Ramp Metals focus: grassroots exploration, new Saskatchewan gold district, high-grade gold discovery at Rottenstone SW
AI Summary:
- Kincora Copper (ASX: KCC, TSXV: KCC) provides update on expanded exploration in Northern Junee-Narromine Belt (NJNB), NSW, Australia
- Programs under earn-in/joint venture with AngloGold Ashanti
- Recent gravity survey and scout drilling at Nyngan led to expansion of 2025 drilling program and management fee income
- 15 holes drilled at Nyngan for 6,197.3m as of June 2025; 4 more holes planned in current phase
- Gravity survey completed in 1Q 2025 covered over 400km², identified new targets; 4 currently being drilled
- Two main targets: Ace of Spades (~16 x 18km) and Gerar (~7 x 17km)
- Stage 2 step-out drilling planned at Nyngan after scout phase
- Drilling to move to Nevertire South (8 x 12km Nevertire Magmatic Complex) after Nyngan; 7 holes planned at Nevertire/Nevertire South
- Drilling expected to continue into 4Q 2025, providing regular news flow and management fees
- Nyngan license: 762km², minimal prior drilling, part of Macquarie Arc (over 160 million gold equivalent ounces endowment)
- AngloGold Ashanti can spend up to A$50 million to earn 80% of Nyngan and Nevertire:
- A$25 million for 70% JV interest (Phase I), Kincora as operator with 10% management fee
- Completion of PFS or further A$25 million for 80% JV interest (Phase II)
- July 2024: partnership with Fleet Space Technologies for Ambient Noise Tomography (ANT) and gravity surveys at Nyngan
- Macquarie Arc region: over A$16 billion M&A for porphyry assets, A$385 million in exploration JV/earn-ins, >A$14 million AngloGold Ashanti investment to date in NJNB
- Kincora’s district-scale portfolio covers a strike twice the length of the Vicuña district (South America)
- Kincora has unlocked over A$110 million in potential partner funding for 8 earlier-stage/non-core projects since late 2024, >11,000m drilling, >A$5.5m partner-funded exploration
- Kincora retains 100% of Condobolin project (historical high-grade gold/base metals, Cobar Superbasin)
- Partner agreements expected to make Kincora self-funding for corporate costs and project maintenance
- AngloGold Ashanti is the world’s 4th largest gold miner; right to earn-in to both Kincora and Inflection Resources projects in NJNB
- Kincora’s flagship projects in established porphyry camps with >20 million oz gold equivalent resource inventory
- Ongoing partner discussions for remaining 100%-owned flagship projects
- Drilling and exploration ramping up, with management fees and news flow expected through 2025
AI Summary:
- Argyle Resources Corp. (CSE: ARGL, OTCQB: ARLYF, FSE: ME0) to begin permitting for new drilling at Clay Howells Rare Earth Element (REE) Project, northwestern Ontario
- Planned 2000-meter diamond drill program, pending Ontario Ministry of Mines permits
- Program will twin six historic drill holes from 2010 and 2011
- Aim: update geological model, publish new NI 43-101 compliant technical report
- New drilling to validate past assay data, improve confidence in geological interpretations, guide future exploration
- Company incorporated in 2023, headquartered in Calgary, Alberta
- Holds option to acquire up to 100% of Frenchvale Graphite Property (Nova Scotia)
- Owns 100% of Pilgrim Islands, Matapedia, Lac Comporté quartzite silica projects (Quebec)
- Research partnership with National Institute of Scientific Research (INRS), Québec government-funded
- Qualified Person: George Yordanov, P.Geo., Director
- Contact: info@argylresourcescorp.com, (825) 724-0033, www.argyleresourcescorp.com
AI Summary:
- Defiance Silver Corp. increased its previously announced private placement from $8,000,000 CAD to $13,000,000 CAD due to strong investor demand
- Up to 52,000,000 units to be sold at $0.25 CAD per unit
- Each unit: 1 common share + 1/2 warrant; each whole warrant exercisable at $0.35 CAD for 24 months after closing
- Red Cloud Securities Inc. acting as sole agent and bookrunner
- Agent’s option: up to 8,000,000 additional units at $0.25 CAD, for up to $2,000,000 CAD extra gross proceeds
- Brokered and non-brokered placements combined
- Non-brokered placement: up to 6,000,000 units at $0.25 CAD per unit, for up to $1,500,000 CAD gross proceeds
- Total possible gross proceeds: $16,500,000 CAD (if all options exercised)
- Use of proceeds: exploration, mineral resource estimate for San Acacio, option payments for Tepal project, general working capital
- Closing of brokered placement expected June 17, 2025
- All securities offered under prospectus exemptions, subject to regulatory approvals including TSXV
- Units and underlying shares/warrants to be freely tradable under Canadian law (if using listed issuer financing exemption)
- Defiance Silver Corp. focused on silver/gold exploration in Zacatecas and Tepal projects, Mexico
AI Summary:
- Goldstorm Metals Corp. (TSXV: GSTM, FSE: B2U) announces non-brokered private placement
- Offering price: $0.07 per Unit
- Aggregate gross proceeds: up to $1,000,000
- Each Unit: 1 common share + 1/2 common share purchase warrant
- Each whole warrant: exercise price $0.10, valid for 24 months from closing
- Warrants may expire early if share price ≥ $0.20 for 10 consecutive trading days
- Net proceeds: for exploration, working capital, general corporate purposes
- Finders may receive cash, finder's warrants, or both as fees
- Securities subject to 4-month hold period
- Offering subject to TSXV regulatory approval
- Goldstorm's flagship projects Crown and Electrum: total area ~16,469 hectares, 6 concessions (5 contiguous)
- Crown Project: south of Seabridge Gold's KSM and Newmont's Brucejack/Valley of the Kings mines
- Electrum: between Newmont's Brucejack Mine (20 km north) and Silbak Premier mine (20 km south)
- Contact: Chris Curran, VP Investor Relations, (604) 559 8092, chris.curran@goldstormmetals.com
AI Summary:
- Forge Resources Corp. (CSE: FRG) commenced drilling at Alotta project, Yukon on June 2, 2025
- First drill hole (ALT-25-007): Azimuth 310, Dip -50, anticipated depth 300 metres
- Strong mineralization observed in top 25 metres; 50-metre-wide phyllic alteration zone intersected
- Step-out drilling planned in Payoff Zone (holes ALT-25-008/009)
- Previous hole ALT-23-001 (2023): 211.65 metres @ 0.46 g/t gold
- 2025 drill plan: up to 4,000 metres across 12 diamond drill holes, average depth 300-350 metres, targeting 4 km x 1 km area
- Surface samples: significant (>1 g/t gold) rock values, anomalous gold, copper, molybdenum
- Closed oversubscribed non-brokered flow-through private placement: 1,940,152 units @ $0.66/unit, gross proceeds $1,280,500.32 (target was $1,000,000)
- Each unit: 1 flow-through share + 1/2 non-flow-through warrant (2-year term, $1.00 exercise price, acceleration clause at $1.50 for 15 days)
- Finder’s fee: $60,000 cash + 90,909 warrants (2-year term, $0.66 exercise price)
- 400,000 options issued to consultants, exercisable at $0.56/share, expiring June 5, 2027 (2-year term)
- Alotta project: porphyry copper-gold-molybdenum, 50 km SE of Casino deposit, Yukon
- Company holds 80% of Aion Mining Corp., developing La Estrella coal project (8 known coal seams) in Santander, Colombia
AI Summary:
- Hi-View Resources Inc. (CSE: HVW; OTCQB: HVWRF; FSE: B63) clarifies reliance on CSE Policy 4 Section 4.6(2)(b) exemption for private placement
- Exemption granted due to financial hardship, no related persons participating, majority approval by independent directors
- Non-brokered private placement: up to 4,800,000 units at $0.10 per unit
- Gross proceeds: up to $480,000
- Each unit: 1 common share + 1 transferrable warrant
- Each warrant: purchase 1 share at $0.12, valid for 36 months from issuance
- Post-placement shares outstanding (non-diluted): 9,640,060
- Net proceeds for general corporate purposes, payables, exploration on Toodoggone Projects
- Up to 10% finder’s fees may apply
- Securities subject to 4 months + 1 day hold period
- Hi-View holds 100% interest in Babine BC Copper-Gold property, interests in Golden Stranger, Lawyers East, West, South, BEN claims
- Total land holdings: over 9,749 hectares in Toodoggone region, northern BC
- Contact: Howard Milne, President, (604) 377-8994, hdmcap@shaw.ca
- Forward-looking statements caution: actual results may differ from projections due to market, capital, economic conditions
AI Summary:
- Golden Pursuit Resources Ltd. (TSXV: GDP) announces non-brokered private placement
- Up to 2.5 million non-flow-through units at $0.20 per unit, proceeds up to $500,000
- Up to 2.0 million flow-through units at $0.25 per unit, proceeds up to $500,000
- Each non-flow-through unit: 1 common share + 0.5 warrant; each whole warrant exercisable at $0.25/share for 2 years
- Each flow-through unit: 1 flow-through share + 0.5 warrant; each whole warrant exercisable at $0.30/share for 2 years
- All securities subject to 4-month statutory hold period
- Finder's fees may be paid in cash, shares, or warrants
- Proceeds to fund exploration at Gordon Lake (NWT) and for general corporate purposes
- Private placement subject to TSX Venture Exchange approval
- Contact: Brian McClay, President, bmcclay@aol.com, (604) 730-6982
AI Summary:
- Logica Ventures Corp. (TSXV: LOG.P) to acquire BBG Metals Corp. via three-corner amalgamation with 1359646 B.C. Ltd.
- Transaction signed June 4, 2025; constitutes Logica’s "Qualifying Transaction" under TSXV Policy 2.4
- Resulting Issuer to list as Tier 2 mining issuer on TSXV
- BBG Metals: private BC mineral exploration company, 100% interest in Hardrock West Project, Thunder Bay, Ontario
- Hardrock West Project: 58 contiguous mineral claims, adjacent to Equinox Gold’s Greenstone Mine
- Laurentian University’s Metal Earth program: $104 million R&D program, data used for exploration
- Fieldwork: 1:2000 mapping at Expansion Lake, 1:10,000 transects (4 north-south), reconnaissance, lithogeochemical sampling
- Logica share consolidation: 1 post-consolidation share for every 3 pre-consolidation shares
- Transaction terms: 1 Resulting Issuer Share for each BBG share; 45,382,778 Resulting Issuer Shares expected outstanding post-transaction; deemed price $0.10/share
- Name change: Logica to become "Galactic Gold Corp."; amalgamated entity to be "Galactic Gold Holding Corp."
- BBG Metals to complete non-brokered private placement: minimum $1,400,000, at least 14,000,000 shares at $0.10/share
- BBG Metals currently: 26,875,000 shares outstanding; no options/warrants
- BBG Metals financials (as of March 31, 2025): net loss 2024 FY $339,399; net loss Q1 2025 $66,632; total assets $37,079; total liabilities $132,957
- Logica shareholder meeting July 7, 2025, to approve consolidation and name change (transaction approval not required)
- Trading in Logica shares halted pending regulatory filings and TSXV approval
- Board/management of Resulting Issuer: Kenneth Berry (President & CEO), Tiziano Romagnoli (VP Corporate Development), Rajwant Kang (CFO & Corporate Secretary), Tom Martin (Director)
- No finder's fee or commission for transaction (except possible fees for financing)
- Completion subject to TSXV and, if required, minority shareholder approval
- Filing statement and NI 43-101 technical report to be filed on SEDAR+
- Forward-looking statements caution; no assurance transaction will complete as proposed
AI Summary:
- Orbec (TSXV: BLUE), Quebec-based gold exploration company
- Inaugural, fully funded and permitted drilling program starts June 16, 2025, on Muus property
- Muus property: ~25,250 hectares, ~30 km south of Chapais, Quebec
- Drilling targets highly prospective Lac Bernard Sud sector
- Area is extension of IAMGOLD’s Nelligan deposit (estimated 8.3 million ounces gold resources)
- Orbec’s campaign targets a favorable structural intersection for gold mineralization
- First assay results expected mid to late August 2025
- Orbec owns 100% of Muus project claims
- IAMGOLD holds ~8.3% of Orbec; technical collaboration in exploration
- Technical information approved by Dorian L. (Dusty) Nicol (OGQ, PG, FAusIMM), Qualified Person under NI 43-101
- Project located in northeast Abitibi greenstone belt, highly prospective for gold
AI Summary:
- Defiance Silver Corp. (TSXV: DEF) increases private placement from C$8,000,000 to C$13,000,000 due to strong investor demand
- Marketed Offering: up to 52,000,000 units at C$0.25 per unit
- Each unit: 1 common share + 1/2 warrant (whole warrant exercisable at C$0.35, valid for 24 months after closing)
- Agent (Red Cloud Securities) option: up to 8,000,000 additional units at C$0.25 for up to C$2,000,000 extra proceeds
- Non-brokered private placement: up to 6,000,000 units at C$0.25 per unit for up to C$1,500,000
- Total potential gross proceeds (brokered + agent’s option + non-brokered): up to C$16,500,000
- Brokered Offering scheduled to close June 17, 2025
- Proceeds to fund exploration, resource estimate at San Acacio, cash option payments at Tepal, and general working capital
- Units and warrant shares expected to be freely tradeable in Canada if sold under listed issuer financing exemption
- Securities not under exemption subject to 4 months + 1 day hold period
- Offerings subject to regulatory approvals, including TSX Venture Exchange
- Defiance Silver advancing Zacatecas project (silver) and Tepal project (gold/copper) in Mexico
AI Summary:
- IMPACT Silver Corp. closed final tranche of non-brokered private placement
- Aggregate proceeds: C$92,000 from 460,000 LIFE units at $0.20/unit; C$1,183,320 from 6,574,000 units at $0.18/unit
- Total raised in this tranche: $1,275,320
- First tranche previously closed at $3,930,711
- Total oversubscribed financing: $5,206,031
- Units have 4 months + 1 day hold period; each unit: 1 common share + 1 warrant (3-year term, $0.24 exercise price)
- LIFE units: 1 common share + 0.5 warrant (2-year term, $0.26 exercise price); no hold period under LIFE Exemption
- Finder’s fees: $62,899.20 paid; 347,355 finder’s warrants issued (3-year term, $0.24 exercise price)
- Proceeds to accelerate exploration at Plomosas (zinc-lead-silver, Chihuahua, Mexico), develop Zacualpan silver assets, invest in operational improvements
- Plomosas exploration: 6 km-long structure, sampling, target definition, drilling to expand JORC resource
- Zacualpan project: 100% owned, 211 km², 4 underground mines + 1 open pit, 500 tpd Guadalupe plant
- Capire Project: 200 tpd pilot plant, open pit, NI 43-101 inferred resource: 4.5 million oz silver, 48 million lbs zinc, 21 million lbs lead
- 18 years: over 13 million oz silver produced, $284 million revenue generated
- Plomosas: 3,019 hectares, ramping up production, additional copper-gold targets
- Offering subject to final TSX Venture Exchange acceptance
- Qualified Person: George Gorzynski, P.Eng.
- Contact: Jerry Huang, CFO/IR, (604) 664-7707, inquiries@impactsilver.com
AI Summary:
- Wealth Minerals Ltd. (TSXV: WML) part of Consortium developing Quillagua Este Salar in Antofagasta Region, Chile
- Consortium successfully submitted CEOL (Special Lithium Operating Contract) application under Chilean Government fast-track process announced September 2024, expanded December 2024
- Application admitted due to Consortium holding over 80% of applicable polygon, relevant mining experience, financial capacity
- Wealth holds 3% stake in Consortium
- CEOL application targets lithium production from Quillagua Este Salar; no established resource or feasibility study yet
- Next steps: Indigenous consultations, negotiations with State organs, Presidential decree to establish CEOL
- Kuska project, another Wealth asset, located 120 km northeast of Quillagua Este Salar
- Wealth focuses on lithium projects in South America; also advances other battery metal projects
- Contact numbers: 604-331-0096, 604-638-3886, 415-389-4670, 212-532-2208, 917-371-4053
- Cautionary note: Forward-looking statements, actual results may differ due to various risks and uncertainties
AI Summary:
- Premier American Uranium (TSXV: PUR, OTCQB: PAUIF) to acquire Nuclear Fuels (CSE: NF, OTCQX: NFUNF)
- Arrangement Agreement dated June 4, 2025
- PUR to acquire all NF Shares via court-approved plan of arrangement
- Kaycee Uranium Project: 100% owned by NF, located in Wyoming’s Powder River Basin
- Kaycee Project: 35-mile trend, 4,200+ drill holes, 430 miles of mapped roll fronts
- NF holds 5 additional exploration-stage projects in Wyoming, Utah, Arizona
- Exchange Ratio: 0.33 PUR Share per NF Share
- Post-transaction ownership: PUR shareholders 59%, NF shareholders 41% (basic shares outstanding)
- Implied consideration: C$0.43 per NF Share (based on 20-day VWAP of PUR Shares as of June 4, 2025)
- Transaction premium: 54% to NF closing price on CSE, 46% to NF VWAP20 on CSE
- Implied combined company equity value: ~C$102 million
- Kaycee Project: 3,800+ historic drill holes, uranium mineralization over 1,000 vertical feet in 3 sandstones (Wasatch, Fort Union, Lance)
- Drilling concentrated on ~10% of mineralized trend
- September 2024 NI 43-101 report: exploration target 9.6–14.8 million tons at 0.060–0.101% U3O8
- 411 drill holes, 225,260 feet drilled by NF in past 2 years
- enCore Energy buyback option: 51% of Kaycee if >15 Mlbs U3O8 (measured & indicated) or >20 Mlbs U3O8 (measured, indicated + inferred, with at least 10 Mlbs measured & indicated)
- Pro forma portfolio: 12 projects across key US uranium districts
- Termination fee: $2 million payable to PUR in certain circumstances
- Transaction requires: 66 2/3% approval by NF Shareholders, regulatory, court, and stock exchange approvals
- NF Special Meeting expected Q3 2025; closing anticipated Q3 2025
- Board post-transaction: up to 5 PUR, 2 NF nominees; PUR management to lead
- 21.19% of NF Shares (officers, directors, enCore) signed voting support agreements
- Fairness opinions provided by Evans & Evans, Haywood Securities, Canaccord Genuity: transaction fair to both parties
- Advisors: Haywood Securities (PUR), Cassels Brock & Blackwell (PUR legal), Canaccord Genuity (NF), Morton Law (NF legal)
- PUR: focused on US uranium consolidation, exploration, development; key regions: New Mexico, Wyoming, Colorado
- NF: uranium exploration, ISR projects, strong historic database, strategic relationship with enCore Energy
- Forward-looking statements and risks disclosed; closing subject to customary conditions
AI Summary:
- Adriano Espeschit resigns as President of Potássio do Brasil Ltda., effective in 30 days
- Over 90% of Mura indigenous vote in support of Autazes Potash Project construction
- Brazil imported over 95% of its potash fertilizer in 2021
- Planned annual potash production: up to 2.4 million tons per year
- Potential to supply approximately 20% of Brazil’s current potash demand
- Anticipated 100% of production to be sold domestically
- Project aims to mitigate approximately 1.4 million tons per year of GHG emissions
- Operations expected to continue without interruption
- Successor to be appointed in due course
AI Summary:
- Adriano Espeschit resigns as President of Potássio do Brasil Ltda., effective in 30 days
- Espeschit credited for securing key licenses and over 90% Mura indigenous votes supporting Autazes Project construction
- Successor to be named; company operations to continue without interruption
- Brazil Potash (NYSE-American: GRO) developing Autazes Project to supply sustainable fertilizer
- Brazil imported over 95% of potash fertilizer in 2021
- Planned initial annual production: up to 2.4 million tonnes
- Expected to supply approximately 20% of Brazil’s current potash demand
- 100% of production intended for domestic market
- Project aims to reduce Brazil’s potash import dependency and mitigate about 1.4 million tonnes/year of GHG emissions
- Potash to be transported mainly by low-cost river barges in partnership with Amaggi
- Forward-looking statements subject to business, economic, and competitive uncertainties
AI Summary:
- CanCambria Energy Corp. (TSXV: CCEC, FSE: 4JH) began trading on OTCQB under symbol "CCEYF" on June 5, 2025
- Shares continue trading on TSX Venture Exchange (CCEC)
- OTCQB is a U.S. platform for early-stage and international companies
- Shares now eligible for electronic clearing and settlement via Depository Trust Company (DTC) in the U.S. (announced April 30, 2025)
- New corporate presentation available at www.cancambria.com, includes recent land additions and resource estimates
- Flagship asset: 100% owned Kiskunhalas Project, southern Hungary (gas-condensate resource)
- Company focuses on tight gas development, high-quality de-risked projects, and European natural gas market access
- Contact: Paul Clarke (CEO), Chris Beltgens (VP, Corporate Development), KIN Communications (Investor Relations, 604-684-6730)
- Forward-looking statements caution included
- Source: https://www.newsfilecorp.com/release/254595
AI Summary:
- Honey Badger Silver Inc. (TSXV: TUF, OTCQB: HBEIF) appoints Rob Suttie as Chief Financial Officer, effective June 5, 2025
- Monique Hutchins appointed as Corporate Secretary
- Rob Suttie: President of Marrelli Support Services, nearly 30 years financial reporting experience, 10 years in public accounting, CFO/director for multiple TSXV and CSE-listed companies
- Sunrise Lake project (Northwest Territories): historic resource 12.8 Moz silver (201.3 million lbs zinc) Indicated, 13.9 Moz silver (247.8 million lbs zinc) Inferred
- Plata high grade silver project: located 165 km east of Keno Hill, adjacent to Snowline Gold's Rogue discovery
- Clear Lake Project (Yukon): historic resource 5.5 Moz silver, 1.3 billion lbs zinc
- Nanisivik Mine Area (Nunavut): produced over 20 Moz silver (1976-2002)
- Historical resource estimates not classified as current mineral resources; further verification required
- Contact: Sonya Pekar, Investor Relations, +1 (647) 498-8244, spekar@honeybadgersilver.com
- Company website: www.honeybadgersilver.com
AI Summary:
- Dark Star Minerals Inc. (CSE: BATT, FSE: P0W) begins data compilation and exploration planning at Bleasdell historical uranium deposit, Northern Saskatchewan
- Focus on Horn and Jackpine zones, known for uranium-bearing pegmatite dykes
- Historic drill results: 2.56 meters at 0.12% U₃O₈; 1.21 meters at 0.62% U₃O₈; strike lengths of 91 meters and 33.5 meters
- 3 additional zones identified for deposit expansion
- Historical drilling: 148 drill holes (1956-1957), total 3,738.6 meters (12,265.9 feet), depths from 22.9 meters (75 feet) to 149.4 meters (490 feet)
- Historical resource: 620,700 lbs U₃O₈ (not NI 43-101 compliant, not treated as current resource)
- Dark Star has option to acquire 100% interest in Bleasdell Project (over 515 ha) and Ghost Lake claims (28,575 ha) in Labrador
- Qualified Person: Jeremy Hanson, P. Geo., VP Exploration
- Forward-looking statements caution: actual results may differ from projections
AI Summary:
- Canuc Resources Corporation (TSXV: CDA, OTCQB: CNUCF) establishes Operating Conflicts Independent Review Committee (IRC) for Scadding Gold Mine development
- November 2022: MacDonald Mines sold 63.9 hectares (including gold tailings area) from SPJ Project to Environmental Tailings Corporation (ETC)
- ETC built gold tailings processing plant, now being transported to former Scadding Gold Mine site
- SPJ Project now owned by Canuc (acquisition completed May 8, 2025)
- ETC and Canuc share directors/management; IRC ensures independent work practices and good governance
- IRC members: Kevin Olson and Chris Cheng P.Eng. (both independent Canuc Board members)
- SPJ Project: 19,710 hectares, 40 km northeast of Sudbury Mining Camp, Ontario
- Historical Scadding Gold Mine and gold-bearing tailings included in project
- San Javier Silver-Gold Project (Sonora, Mexico): 28 claims, 1,052 hectares, 100% Canuc-owned, silver/gold/copper mineralization
- MidTex Energy Project (Central West Texas, USA): 8 producing natural gas wells, further development rights, generates cash flow
- Focus on gold tailings processing to improve gold recovery and mine economics, reduce environmental footprint
- Forward-looking statements caution: actual results may differ due to funding, regulations, and other risks
AI Summary:
Enduro Metals Corporation acquired all issued and outstanding shares of Commander Resources Ltd. on May 30, 2025
Exchange ratio: 0.535 Enduro Share for each Commander Share
23,692,393 Enduro Shares issued to former Commander shareholders
Former Commander shareholders now hold approximately 45.65% of Enduro post-closing
Total Enduro Shares outstanding post-closing: 51,885,012
Outstanding Commander options replaced with Enduro options, adjusted for exchange ratio
Registered Commander shareholders must submit a Letter of Transmittal to receive Enduro Shares
Non-registered shareholders will have Enduro Shares automatically re-registered
Commander applied to cease being a reporting issuer
Enduro Metals focused on Newmont Lake Project, 688 km² property in British Columbia's Golden Triangle
Legal counsel: Pushor Mitchell LLP (Enduro), Koffman Kalef LLP (Commander)
Financial advisor: GenCap Mining Advisory Ltd. (Commander)
Contact: Robert Cameron, CEO, +1 (778) 989-1501, cameron@endurometals.com
AI Summary:
- Antimony Resources Corp. (CSE: ATMY, FSE: K8J0) closed final tranche of non-brokered private placement
- Raised $318,100 gross proceeds via issuance of 3,976,250 Units at $0.08 per Unit
- Each Unit: 1 common share + 1 warrant (exercise price $0.16, 2-year term)
- Finder’s fees paid: $4,620 + 57,750 warrants (Haywood Securities), $2,520 + 31,500 warrants (Research Capital), $2,352 + 29,400 warrants (Ventum Capital)
- Securities restricted from trading until October 5, 2025
- Net proceeds for property exploration, investor relations, working capital
- Engaged Stockhouse Publishing Ltd. for advertising; one-time payment $50,000 + GST
- 2025 AGM (May 21, 2025): all resolutions approved
- Board set at 3 directors: James Atkinson, Rodney Stevens, Sheryl Jones elected
- Buckley Dodds CPA re-appointed as auditor
- 2025 omnibus equity incentive compensation plan approved (stock options, RSUs, DSUs, performance units)
- James Atkinson continues as CEO & President; Sheryl Jones as CFO
- Holds option to acquire 100% of Bald Hill Antimony project, New Brunswick
- Bald Hill: high-grade antimony, mineralization over 500 meters, additional intersections for 1 km along strike
- Focus: exploration, resource discovery, becoming significant North American antimony producer
AI Summary:
- Glenstar Minerals Inc. (CSE: GSTR, OTCQB: GSTRF, FSE: VO20) announces exploration work program for Wildhorse property in Mineral County, Nevada
- Wildhorse property: 900 acres (364 hectares)
- Exploration begins early June 2025
- Program includes rock chip sampling, geologic mapping of 3 mineralized zones
- Initial sampling at Rattlesnake Zone returned copper, gold, silver, antimony
- Historical underground exploration at Rattlesnake Zone via incline shaft
- Two new zones identified: Coca Cola Zone (quartz vein stockwork, copper oxide mineralization) and a larger-scale mining/prospecting area
- No modern sampling at Coca Cola Zone; early focus for exploration
- Property acquired by staking in early 2025
- Regional setting: east-west trend of porphyry-related polymetallic mineralization
- Data sources: Anaconda archives (Laramie, Wyoming), NURE stream sediment database
- Glenstar recently completed first round drill program at Green Monster project; awaiting assay results
- Initial field sampling: quartz veinlet zone with >1 g/t gold, 1% copper, 6,100 ppm antimony
- Outcropping zones contain bismuth and tungsten >200 ppm
- Historical workings date from late 1800s/early 1900s; last claims staked in 2011 (not registered)
- Geology: east-dipping mineralized zones, folded/faulted limestones, shale, metavolcanic rocks (Paleozoic age), rhyolite intrusion
- Northcentral property area concealed by landslide rubble and gravel
- Potential for discovery of large, well-mineralized skarn system along north-south fault zone
- Skarn systems respond well to electric geophysical methods (magnetic surveys)
- Glenstar focuses on critical minerals for electronics and energy technologies
- Shares trade on CSE (GSTR), FSE (VO20), OTCQB (GSTRF)
- Qualified person: Robert Marvin, P.Geo (ONT)
- Contact: 604-449-2810, www.glenstar.ca, SEDAR+ for filings
AI Summary:
- RT Minerals Corp. (TSXV: RTM, OTC Pink: RTMFF) completed high-resolution UAV magnetics survey at 100%-owned Case Property, northeastern Ontario
- Survey covered 687.5 line-kilometres
- Primary line spacing: 50 metres; select areas with 25-metre infill spacing
- Conducted by Axiom Exploration Group Ltd.
- Survey flown at low altitudes for maximum resolution; data quality met/exceeded industry standards
- High-resolution data to be integrated into geological and geochemical models for refined exploration and drill target identification
- RT Minerals holds 100% interest, largely royalty-free, in 12 rare earth element, gold, and base metal properties in Ontario
- Company listed on TSX Venture Exchange (RTM)
- Forward-looking statements include risks related to exploration, market conditions, financing, and commodity prices
AI Summary:
- Aftermath Silver Ltd. (TSXV: AAG, OTCQX: AAGFF) provides update on Berenguela silver-copper-manganese project in Puno, Peru
- Option to acquire 100% interest in project via agreements with SSR Mining Inc. and EMX Royalty Corporation
- US$1.5 million partial payment made toward final property payment (due November 2026)
- EMX reduces final payment due in November 2026 to US$1.65 million
- Recent drilling in eastern Berenguela: 153 metres of 1.12% copper, 290 g/t silver, 7% manganese
- Remaining payment schedule to EMX:
- US$3 million cash paid May 15, 2025
- US$1.5 million cash paid June 2025
- US$1.65 million cash due November 2026
- Sliding-scale NSR royalty on all mineral production:
- 1.0% NSR if silver ≤ US$25/oz
- 1.25% NSR if silver > US$25/oz and copper > US$2/lb
- Original acquisition agreement with SSR totaled US$13 million plus other consideration
- Updated NI43-101 mineral resource estimate expected soon
- EMX Royalty Corp. is a precious and base metals royalty company, listed on NYSE American and TSX Venture (EMX)
- Aftermath Silver is a Canadian junior exploration company focused on silver projects in stable jurisdictions
AI Summary:
- Metals Creek Resources Corp. (TSXV: MEK, FSE: M1C1) announced additional drill results from Tillex Copper Project, Currie Township, Ontario
- Project located 65 km east of Timmins, 45 km from Kidd Creek Met site
- Recent diamond drilling: 7 holes, total 909.5 meters
- Drill hole TX25-032 highlights:
- Downhole intercept: 28.8m (40.5-69.3m) grading 1.52% Cu, 8.48 g/t Ag
- Included higher grade: 13.27m (54.03-67.3m) grading 2.61% Cu, 14.92 g/t Ag
- True widths estimated at 70-80% of downhole intercepts
- Sampling protocol: ~10% of samples sent for check assays; standards and blanks inserted randomly
- Metals Creek holds 50% interest in Ogden Gold Property (6 km south of Timmins, 8 km strike length of Porcupine-Destor Fault)
- Additional assays pending
- Contact: Alexander (Sandy) Stares, President and CEO, 709-424-1141
AI Summary:
- April 11, 2025: Palamina received notice from Winshear to return 100% ownership of Gaban Gold and Ica Copper-Gold projects
- Ownership transfer now complete
- Gaban Gold Project: located in Puno Orogenic Gold Belt, southeastern Peru
- Airborne geophysical survey completed in 2024
- Gold-bearing mineralized shear zone: 900m x 2,200m area
- Surface samples: up to 32 g/t gold
- 2024 drill program: 1,005 meters completed
- Notable drill results: 4m of 5.04 g/t gold; 21m of 1.29 g/t gold (Coritiri zone)
- Drilling stopped early due to rainy season; DIA environmental permit remains
- Ica Copper-Gold Project: 45 km SE of Ica, 2,000m elevation, 300 km SE of Lima, 2,933 hectares
- Early-stage exploration; airborne magnetic survey completed in early 2024
- Multiple copper-gold veins and magnetite-rich bodies identified
- Palamina reviewing claim blocks, may drop non-core claims
- Andrew Thomson resigned from Winshear Gold board; Palamina holds no equity or ongoing relationship with Winshear
- Palamina: 71,634,836 shares outstanding; trades as TSXV: PA, OTCQB: PLMNF
- Focused on gold and copper-silver assets in Peru, especially Usicayos gold project
- Technical information approved by Alvaro Fernandez-Baca, P. Geo., VP Exploration
- Forward-looking statements included; subject to risks and uncertainties
AI Summary:
- Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) closed transaction with Uranium Royalty Corp. (URC)
- URC acquired 2% gross overriding royalty on Forum's Aberdeen Project in Nunavut
- Forum received CAD$1,000,000 cash from URC
- Proceeds to be used for Aberdeen Project advancement and general working capital
- Royalty purchase agreement dated May 27, 2025
- Forum focuses on high-grade unconformity-related uranium deposits in Athabasca Basin (Saskatchewan) and Thelon Basin (Nunavut)
- Contact: Rebecca Hunter, President & CEO, Tel: 604-630-1585
AI Summary:
- Sonoran Desert Copper Corporation (TSXV: SDCU) closed first tranche of $0.10 unit private placement financing
- Gross proceeds: $480,000
- 4,800,000 Units issued (each Unit: 1 common share + 1 common share purchase warrant)
- Each warrant exercisable at $0.15 for 24 months
- Acceleration right: exercise period reduced to 30 days if share price closes at or above $0.50 for 10 consecutive trading days after 4-month hold
- Four insiders subscribed for $213,000 (2,130,000 Units)
- Insider portion qualifies as "related party transaction" under MI 61-101, exemptions applied as value is not more than 25% of market capitalization
- All securities subject to four-month hold
- Use of proceeds: project payments, project development, general working capital
- Balance of financing expected to close by June 30, 2025
AI Summary:
- Bold Ventures Inc. (TSXV: BOL) increasing non-brokered private placement by $19,000 of Flow Through (FT) Units
- Offering up to 9,000,000 Working Capital (WC) Units at $0.05 per unit for up to $450,000
- Offering up to 10,316,666 FT Units at $0.06 per unit for up to $619,000
- Total offering includes both WC Units and FT Units
- Offering open until earlier of full subscription or June 23, 2025
- Each WC Unit: 1 common share at $0.05 + 1 warrant (exercise at $0.06, valid 24 months)
- Each FT Unit: 1 common share at $0.06 + 1/2 warrant (full warrant at $0.08, valid 18 months)
- WC Unit proceeds: general working capital, property maintenance, exploration, offering expenses
- FT Unit proceeds: exploration work qualifying for Canadian Exploration Expenses (CEE)
- Target commodities: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd), Chromium (Cr)
- Exploration focus: Thunder Bay, Wawa, and Ring of Fire regions in Ontario
- Contact: 416-864-1456, info@boldventuresinc.com, Direct line: (705) 266-0847, bruce@boldventuresinc.com
AI Summary:
- Red Metal Resources Ltd. (CSE: RMES, OTC Pink: RMESF, FSE: I660) announced sampling and mapping results from Carrizal Property, Chile
- Program followed up on 15 km of veining along strike from historic Carrizal Alto mine
- Gold sample grades up to 8.4 g/t reported
- Copper sample grades up to 17.3% reported
- Armonia vein extension: 2.5 km of veining not yet drill tested
- 102 samples taken; 41 highlighted in results
- Carrizal Property located in Candelaria IOCG belt, Chile
- Company portfolio: 7 mineral claim blocks, 172 mineral claims, over 4,546 hectares in Quebec and Ontario, Canada
- Focus on copper, gold, and hydrogen projects
- President & CEO: Caitlin Jeffs
- Technical content reviewed by Qualified Person (QP) Caitlin Jeffs, P. Geo
AI Summary:
- Blue Star Gold Corp. (TSXV: BAU; OTCQB: BAUFF; FSE: 5WP0) highlights Roma Main Gold prospect in Nunavut, West Kitikmeot Region
- Roma Main prospect extends over 2 km strike length; consists of North, Central, Southern Zones
- Surface sampling grades: up to 125.6 g/t gold (Southern Zone), 58.7 g/t (Northern Zone), 5 g/t (Central Zone)
- Historical drilling (1991): tested to max vertical depth 37 metres, vein up to 1.68 metres wide
- Best drill intercepts: 12.83 g/t Au over 2.31 metres (hole 91MD-01), 8.76 g/t Au over 1.87 metres (hole 91MD-03), both Northern Zone
- Initial surface sampling (1989): up to 9.0 g/t Au, vein exposed over 300 metres in Northern Zone
- Central Zone located ~700 metres south of Northern Zone; Southern Zone ~1,600 metres further south
- 1991 drill program: 425 metres total, 10 small diameter (~27 mm) holes
- Visible gold noted in holes 91MD-01, 91MD-02, 91MD-08
- 2021-2022: high-resolution aeromagnetic survey (50-metre line spacing) over Roma package
- 2021-2024 prospecting: surface samples from detection limit to 40.9 g/t Au, average 2.96 g/t Au
- Next steps: drill-ready, initial drilling to target Northern Zone down-dip extension of 91MD-01, 3D inversion of magnetic data, further fieldwork and soil sampling with portable XRF
- Blue Star landholdings: 290 square kilometres in High Lake Greenstone Belt
- Ulu Gold Project and Roma Project are core assets; Flood Zone deposit hosts significant high-grade gold resource
- Grays Bay deep-water port 40-100 km north; proposed Grays Bay Road route passes near Roma and Ulu projects
- QAQC: 1 in 20 sample insertion rate for certified reference materials
- Blue Star listed on TSXV (BAU), OTCQB (BAUFF), Frankfurt (5WP0)
- Contact: Grant Ewing, CEO, +1 778-379-1433, info@bluestargold.ca
AI Summary:
- Talon Metals Corp. announced assay results from drill hole 25TK0563 at Tamarack Nickel-Copper-Cobalt Project, Minnesota
- Combined 34.9 meters of massive sulphide intercepts grading 28.88% NiEq, 57.76% CuEq
- Drill hole 25TK0563 intersected two MSU zones starting at 762.34 meters depth
- Grades over 34.90 meters: 14.86% Ni, 15.37% Cu, 0.11% Co, 9.18 g/t Au, 16.31 g/t Pt, 8.65 g/t Pd, 42.92 g/t Ag
- Upper MSU: 20.39 meters from 762.34 meters, 26.70% NiEq (53.40% CuEq)
- Lower MSU: 14.51 meters from 795.16 meters, 31.95% NiEq (63.90% CuEq)
- Drill hole 25TK0563 is a 68-meter step-out east from hole 16TK0250
- BHEM campaign underway to evaluate new zone, guide future drilling
- Talon owns 51% of Tamarack, can earn up to 60%; joint venture with Rio Tinto
- Tamarack Project: 18 km strike length, over 400,000 acres mineral rights (Michigan and Minnesota)
- Lundin Mining earn-in agreement exclusivity extended to June 30, 2025; Lundin may acquire up to 70% in Boulderdash and Roland targets (33,000 acres)
- Two Talon drill rigs currently at Boulderdash
- Talon's Battery Mineral Processing Facility in Mercer County received US$114.8 million from US Dept. of Energy, US$20.6 million from US Dept. of Defense
- Assays analyzed by ALS Minerals; QA/QC per NI 43-101 standards
- True widths of intercepts unknown; lengths are drill intersections
- Recoveries used in calculations: 64.1% Co, 82.5% Pt, 69.3% Pd, 72.6% Au and Ag
AI Summary:
- Standard Uranium Ltd. (TSXV: STND) contracted Axiom Exploration Group Ltd. to complete a NI 43-101 Technical Report on the Corvo Uranium Project, eastern Athabasca Basin, Saskatchewan
- Corvo under a 3-year earn-in option agreement with Aventis Energy Inc. (CSE: AVE)
- Report to include historical data, new 2025 TDEM data, and sampling info
- Historical drill holes at Corvo: 800 m strike length between TL-79-3 (0.116% U3O8 over 1.05 m) and TL-79-5 (0.065% U3O8 over 0.15 m)
- Surface uranium at Manhattan showing: 1.19% to 5.98% U3O8; SMDI showing 2052: 0.137% U3O8 and 2,300 ppm Th
- Manhattan showing historical sample: up to 59,800 ppm U at surface, never drill tested
- Project located 45 km NE of Atha Energy’s Gemini Mineralized Zone, 60 km E of Cameco’s McArthur River mine
- Standard Uranium holds over 233,455 acres (94,476 ha) in Athabasca Basin
- Davidson River Project: 30,737 ha, 10 mineral claims, highly prospective for basement-hosted uranium
- Eastern Athabasca projects: 42,384 ha, prospective for unconformity/basement uranium
- Sun Dog project: 19,603 ha, 9 mineral claims, largely untested
- High-grade uranium defined as >1.0 wt% U3O8; anomalous radioactivity as >300 cps
- Qualified Person: Sean Hillacre, P.Geo., President & VP Exploration
- Historical data not yet verified by company, used as exploration guide
- Cautionary statement on forward-looking information and risks included
AI Summary:
- Benton Resources Inc. (TSXV: BEX) announces significant new gold and base metal discoveries at Dominion Lake project, Newfoundland
- Trinity Zone discovery: grab samples assaying up to 14.60% Zn, 2.53% Cu, 68.70 g/t Ag, 1.31% Pb, 0.17 g/t Au; located 3.5 km SSE of Daniel's Pond VMS Deposit
- Rickirb gold discovery extended 100 m NNE; zone up to 12.0 m wide, expanded >200 m along strike, remains open
- New Rickirb samples: up to 6.41 g/t Au (previously up to 4.6 g/t Au)
- Second gold area: 7.7 km SW of Rickirb Zone, quartz boulders/outcrop up to 6.00 g/t Au
- May 2025 program: 117 grab samples, gold from trace to 6.41 g/t Au; 14 samples analyzed for base metals, 12 pending
- Property acquisition: $15,000 cash + 200,000 shares for 100% interest, subject to 2% NSR (Benton can buy 1% for $1 million)
- Dominion Lake in northern Tulks Volcanic Belt, Victoria Lake Supergroup—favorable for VMS and gold
- Proximity: Daniel's Pond VMS deposits a few km away; Calibre Mining Corp.'s gold mine 21 km SSW; Great Burnt Copper-Gold project 60 km ESE
- Great Burnt Project: 667,000 tonnes @ 3.21% Cu Indicated, 482,000 tonnes @ 2.35% Cu Inferred; 25 km strike, 6 known Cu-Au-Ag zones over 15 km
- Notable drill results: 25.42 m @ 5.51% Cu (incl. 9.78 m @ 8.31% Cu, 1.00 m @ 12.70% Cu)
- South Pond Gold Zone: 7.5 km north of Great Burnt, 2.5 km gold system, 74.20 m @ 1.43 g/t Au, 43.75 m @ 1.62 g/t Au
- QA/QC: samples analyzed at Eastern Analytical Ltd., ISO 17025 accredited
- Benton is well-financed, TSXV-listed, with diversified property portfolio and NSR royalties
- Contact: Stephen Stares (President & CEO) 807-474-9020, Nick Konkin (IR) 647-249-9298 ext. 322
AI Summary:
- Golden Rapture Mining Corporation (CSE: GLDR) completed Spring surface sampling at Phillips Township Property, Rainy River District, NW Ontario
- 73 quartz samples sent to AGAT Laboratories in Thunder Bay; assay results pending
- Drone magnetic survey identified strong linear anomalies, especially in northeast corner
- Anomalies trend E-W in southwest, NE-SW in northeast; amplitude ranges from 250-100 nT
- Strongest anomaly: 1,800 nT at 427130 E 5455120 N, within a 1 km band (426730 E 5454600N to 428175 E 5456650 N)
- Previous drilling in Combined Mine area yielded up to 285.00 g/t Au
- Phillips Township Property: 10,000+ acres, 18 mine shafts, past-producing high-grade gold systems
- Golden Rapture listed over 1 year; 37,469,390 shares issued
- Technical review by John Archibald, P.Geo., Exploration Manager
- Survey data by Skyler Mallozzi, M.Sc, P.Geo, Rosor Exploration, April 24, 2025
AI Summary:
- Great Pacific Gold Corp. (TSXV: GPAC, OTCQX: FSXLF, FSE: V3H) provided an exploration update for the Wild Dog Project, East New Britain, Papua New Guinea
- Drill program targets 3 km strike length within mineralized corridor
- Approx. 2,500 metres of diamond drilling planned across 16 holes
- MobileMT geophysics identified 15 km conductivity trend, depths >1,000 metres
- Phase 1 drilling tests about 10% of the 15 km Wild Dog corridor
- 3 drill holes completed, 4th in progress
- WDG-01: Challenging ground, core loss, to be redrilled
- WDG-02: Improved recovery, 83% core recovery
- WDG-02 key intercept (65-72m): 7.0 metres averaging 5.5 g/t gold, 3.1% copper, 10.3 g/t gold equivalent (AuEq)
- WDG-02 geology: Hydrothermal breccia, black sulphide, chalcopyrite, bornite
- Assays calculated using US$4.50/lb copper, US$27.5/oz silver, US$2,000/oz gold
- QA/QC: Samples analyzed by Intertek Minerals Ltd. (ISO: 9001), all batches passed QAQC
- Drilling uses HQ and PQ diameter; operational techniques refined for local geology
- Company also holds Tinga Valley Project in PNG
- Contact: info@gpacgold.com, +1 778 262 2331
AI Summary:
- Lion Rock Resources Inc. (TSXV: ROAR, FSE: KGB, OTCQB: LRRIF) begins trading on OTCQB Market June 5, 2025
- OTCQB Market targets early stage and developing U.S. and international companies
- Company provides real-time quotes and market info at www.otcmarkets.com
- Lion Rock Resources: Canadian mineral exploration company focused on high-grade gold and lithium projects in North America
- Flagship asset: Volney Project in South Dakota's Black Hills
- Leadership: Award-winning team with proven track record in mineral discoveries, project development, and financing
- Contact: R. Dale Ginn, President & CEO, O: 604-678-5308, E: dale@rsdcapital.com
- Caution: Forward-looking statements subject to risks including commodity price fluctuations, market conditions, regulatory decisions, and economic factors
- Source press release: https://www.newsfilecorp.com/release/254552
AI Summary:
- NeoTerrex Minerals Inc. (TSXV: NTX) begins exploration at 100% owned Gravitas Project, Abitibi-Temiscamingue, Quebec
- Focus on area adjacent to Vior's past-producing Belleterre gold mine
- Historic Petosa tungsten zone sampled; first identified in 1930s
- Tungsten-bearing minerals exposed over widths of 1 to 5 metres, porphyry extends 150 metres
- Historical grab samples: tungsten values 0.5% to 4% (W)
- 1941 metallurgical testing: 87.25% tungsten recovery rate
- Scheelite identified by blue fluorescence under UV light; photos and video available on company website
- Additional exploration south for copper and gold veins
- First phase of exploration to complete by early July
- First assay results expected late June
- Samples sent regularly to accredited laboratory
- NeoTerrex working capital: $4 million, no debt
- Company has discovered multiple rare earth occurrences needing follow-up
- All projects located in Quebec, near excellent infrastructure
- Qualified Person: Mathieu Stephens, P.Geo., President & CEO
- Contact: info@neoterrex.com, 343-308-2648
AI Summary:
- Mines d'Or Orbec Inc. (TSXV: BLUE) to start inaugural drill program at Muus Property on June 16, 2025
- Muus Property: approx. 25,250 hectares, located 30 km south of Chapais, Quebec
- Drill focus: Lac Bernard Sud corridor, identified as highly prospective for gold
- Corridor is along strike and within same structure as IAMGold’s Nelligan gold project
- Nelligan gold project resource: 3.1 million oz Indicated @ 0.95 g/t Au, 5.2 million oz Inferred @ 0.96 g/t Au
- Orbec’s drill targets based on high-definition magnetics geophysical survey
- Program is fully funded and fully permitted
- Initial assay results expected mid to late August 2025
- Orbec owns 100% of Muus Project, adjacent to IAMGOLD’s 8.3 million oz Nelligan Gold Project
- IAMGOLD owns approx. 8.3% of Orbec
- Technical information approved by Qualified Person Dorian L. (Dusty) Nicol (OGQ, PG, FAusIMM)
- Exploration to advance in technical collaboration with IAMGOLD
AI Summary:
- Ucore Rare Metals Inc. (TSXV: UCU, OTCQX: UURAF) closed over-subscribed brokered private placement Offering
- Units priced at $1.20 each; each Unit includes 1 common share and 0.5 warrant
- Each whole warrant allows purchase of 1 common share at $1.75, exercisable for 36 months post-closing
- Agents: Red Cloud Securities (lead), Raymond James Ltd.
- Agents' option to sell up to 1.25 million additional Units at $1.20 each, for up to $1.5 million extra gross proceeds
- If fully exercised, total gross proceeds could reach $11.5 million
- Anticipated closing date: on or about June 19, 2025
- Use of proceeds: finalize upstream feedstock and downstream offtake agreements for Louisiana SMC, fulfill obligations to U.S. Department of Defense and Natural Resources Canada, commercial scale column testing, engineering plans for SMC, general working capital
- Units offered under listed issuer financing exemption in all Canadian provinces except Québec; no resale restrictions under Canadian law
- Ucore aims to disrupt China’s control of North American rare earth supply chain via Louisiana facility, future SMCs in Canada and Alaska, and 100% owned Bokan-Dotson Ridge project in Alaska
- Company listed on TSXV (UCU) and OTCQX (UURAF)
- Forward-looking statements caution actual results may differ due to regulatory, market, and operational risks
AI Summary:
- Pacific Ridge Exploration Ltd. (TSXV: PEX, OTCQB: PEXZF, FSE: PQW) entered agreement with Fiore Group for financial advisory and administrative services
- Fiore Group specializes in natural resources, manages private equity investments and public companies
- Fiore Group invested in Pacific Ridge’s recently closed financing
- Rob McLeod and Ryan Weymark appointed as strategic advisors
- Rob McLeod: 30 years mining experience, lead technical advisor to Fiore Group, CEO of Nations Royalty Inc, Director of Dolly Varden Silver and Nexgold, Advisor to West Red Lake Gold Mines
- Ryan Weymark: 15+ years mining experience, President & Co-Founder of Fuse Advisors Inc. (35+ professionals), advisor to West Red Lake Gold Mines, Dolly Varden Silver, Nations Royalty, former VP at NexGen Energy
- Pacific Ridge granted incentive stock options to directors, officers, advisors, consultants: 2,250,000 common shares at CAD$0.17 per share, exercisable for 5 years
- Flagship asset: 100% owned Kliyul copper-gold project in Quesnel terrane, BC
- Additional projects: RDP, Chuchi, Onjo, Redton copper-gold projects, all in British Columbia
- Projects located in traditional territories of Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, Tsay Keh Dene Nation
- Contact: Tel (604) 687-4951, ir@pacificridgeexploration.com
- Forward-looking statements caution: actual results may differ materially from projections
AI Summary:
- Sierra Madre Gold and Silver Ltd. amends US$5 million non-revolving, secured term loan with First Majestic Silver Corp.
- Loan maturity date extended to May 7, 2027 (12-month extension)
- Interest rate: 15% per annum, interest-only payments monthly
- First six months' interest (US$365,000) deferred, payable at loan maturity
- Loan and accrued interest can be repaid anytime without penalty
- Amendment expected to provide flexibility for increasing plant/mill capacity at Guitarra mine and expedite district-wide exploration
- 950,000 stock options granted to new employees and consultants at $0.69 per share, 5-year term, vesting: 1/3 immediately, 1/3 after 6 months, 1/3 after 12 months
- Guitarra mine: permitted underground mine, 500 t/d processing facility, restarted commercial production January 2025
- Tepic Project: over 2,600 hectares, hosts low-sulphidation epithermal gold and silver mineralization, historic resource present
- Management team has raised over $1 billion for mining companies
- TSX Venture Exchange and OTCQX listings: TSXV: SM, OTCQX: SMDRF
AI Summary:
- Midnight Sun Mining Corp. (TSXV: MMA, OTC Pink: MDNGF) commenced diamond drilling at Kazhiba Target 2 on Solwezi Project, Zambia
- Planned 6 to 8 diamond drill holes, totaling approx. 1,000 metres
- Kazhiba Target 2: ~4 km by 2 km sulphide copper target
- First drill hole (KAZ-25-003) underway, target depth 150 metres
- Water supply borehole completed
- Geochemical sample collection at Mitu completed; samples being prepared for Partial Ionic Leach assaying at ALS Chemex
- Solwezi Project located in Zambia-Congo Copperbelt, second largest copper producing region globally
- Project adjacent to First Quantum's Kansanshi Mine, Africa's largest copper mining complex
- Technical data reviewed by Darin Labrenz, P.Geo., Qualified Person under NI 43-101
AI Summary:
- Nexus Uranium Corp. provides update on uranium market and Cree East project
- US President Trump signed 4 executive orders on May 23, 2025 to boost advanced nuclear tech, expedite reviews, promote exports, build 20 tons nuclear fuel bank, expand US nuclear capacity from 100 GW (2024) to 400 GW (2050)
- Uranium futures at $71.9/lb in early June, near 3-month highs, rebounding from 18-month lows in March
- Uncertainty over levies on uranium imports from Canada and Kazakhstan stresses US domestic supply
- NuScale Power's 77 MWe SMR becomes first SMR design certified by US NRC
- Meta signs 20-year power deal with Constellation Energy for AI/cloud computing needs; Amazon, Google, Microsoft also investing in SMRs and long-term nuclear power
- Cree East project: 57,752 hectares (142,708 acres) in Athabasca Basin, over $20 million spent on exploration, awaiting Winter 2025 drill assay results
- Napoleon gold project: over 1,000 hectares in BC, gold discovered since 1970s
- Yukon gold projects: nearly 8,000 hectares of quartz claims
- Technical content reviewed by Warren D. Robb, P.Geo., Qualified Person under NI 43-101
AI Summary:
- South32 exercised 'top-up right' to maintain 19.9% equity in American Eagle Gold Corp.
- 1,156,000 charity flow-through shares to be issued at C$0.71/share
- Total gross proceeds: approximately C$820,000
- South32 purchased shares at a discount from initial subscriber; no warrants or finders fees
- American Eagle Gold cash position: over $36 million
- South32 previously held 33,321,577 shares (approx. 19.4% of issued/outstanding shares)
- Offering constitutes a "related party transaction" under MI 61-101; exemptions applied as offering is under 25% of market cap
- Charity FT Shares proceeds to be used for qualifying exploration expenditures, to be incurred by Dec 31, 2026 and renounced by Dec 31, 2025
- Closing expected on or before June 11, 2025, subject to regulatory approvals
- Share repurchase and partial sale of non-core royalty in Kuta Ridge Gold Project closed; 500,000 shares received to be cancelled
- NAK copper-gold project: over 1.5 km x 1.5 km near-surface system, historical drilling since 1960s, recent drilling (2022-2024) found deeper, higher-grade mineralization
- Strategic investors: Teck Resources and South32
- NAK project located in Babine district, central British Columbia, with strong infrastructure
- Planned bold drill program for 2025, expecting steady results throughout the year
AI Summary:
Kodiak Copper Corp. (TSXV: KDK) engaged Global One Media Group and BTV The Agency for investor-focused digital marketing and outreach
Global One Media agreement: term from June 2, 2025, to December 2, 2025; renewable monthly; monthly cash fee of USD$5,500; no securities compensation; no performance factors; subject to TSX Venture Exchange approval
BTV contract: initial value CAD$29,500 over four months starting June 2025; can be expanded; no securities compensation; no performance factors
Kodiak to launch streaming commercial campaign and be featured in a nationally distributed business TV show
Global One Media: full-service digital marketing agency for public companies
BTV: 27+ years in capital markets TV production and digital marketing; distributes on Bloomberg, CNBC, FOX Business News
Kodiak Copper focused on 100% owned copper porphyry projects in Canada and USA
Main asset: MPD copper-gold project in Quesnel Terrane, south-central British Columbia
Maiden resource estimate for MPD planned in 2025
Other asset: Mohave copper-molybdenum-silver project in Arizona, near Bagdad mine
Chairman: Chris Taylor, known for Great Bear Resources gold discovery
Part of Discovery Group led by John Robins
Contact: Nancy Curry, VP Corporate Development, +1 (604) 646-8362
Forward-looking statements caution regarding risks and uncertainties; no assurance of future results
AI Summary:
- Inspiration Energy Corp. (CSE: ISP, WKN: A40GPX, OTC Pink: ISPNF) shares now DTC eligible in US
- DTC eligibility enables electronic clearing and settlement for US investors
- Improves trading speed, accessibility, and liquidity for US institutional and retail investors
- Company preparing to start exploration on Saskatchewan properties
- Saskatchewan properties located along trend with Ramp Metals Inc.'s recent discovery
- Ramp Metals’ discovery has increased interest in the region for battery metals and energy transition sectors
- June expected to be significant for corporate growth and US marketing efforts
- Further updates on exploration plans and timelines to be announced in coming weeks
- Company holds mineral exploration assets in Saskatchewan and other Canadian jurisdictions
- CEO: Charles Desjardins; contact: 604-808-3156, info@inspiration.energy
- Forward-looking statements caution included in release
- Source: Newsfile Corp., June 5, 2025
AI Summary:
- Sanatana Resources Inc. (TSXV: STA) closed acquisition of Gold Strike Two Project from LIRECA Resources Inc.
- Acquisition completed via quartz claim purchase agreement dated May 5, 2025
- Cash consideration: $250,000 paid at closing; additional $250,000 held in escrow, payable within 90 days or sooner if Sanatana raises $300,000+ in equity/debt within 90 days
- 6,000,000 common shares issued to LIRECA on closing; shares subject to restricted period until October 5, 2025
- Project subject to 3% net smelter returns royalty, annual advance royalty payment, and bonus payment
- LIRECA now an insider; has right to nominate one director to Sanatana’s board
- No finder's fee paid for the transaction
- Concurrent closing of two non-brokered private placements for total gross proceeds of $1,380,000
- 13,800,000 units sold at $0.10 per unit: 3,660,000 units under LIFE Exemption, 10,140,000 units under concurrent private placement
- Each unit: 1 common share + 1 warrant (exercise price $0.12, expiry June 4, 2026)
- Warrants subject to acceleration if share price ≥ $0.25 for 10 consecutive trading days
- 15% over-allotment ($180,000) exercised in full
- Concurrent offering: 10,140,000 units, $1,140,000 gross proceeds; subject to four month and one day hold period
- Insiders subscribed for 40,000 units (LIFE) and 1,510,000 units (Concurrent)
- No finder's fees paid in connection with the offerings
- Net proceeds to be used for acquisition cash consideration, working capital, and project exploration
- $200,000 secured promissory note (issued Dec 31, 2024) must be repaid or converted due to successful financing
- Sanatana now holds a prospective land position in the Rogue Plutonic Complex region
- Florin Group has 20+ years in mineral exploration, focus on Yukon projects
- Sanatana based in Vancouver, listed on TSX Venture Exchange
- Forward-looking statements included; subject to risks and uncertainties
AI Summary:
F4 Uranium Corp. announces exploration program for 5 mineral properties in Athabasca Basin, Saskatchewan
100% ownership of 17 uranium mineral properties in Athabasca Basin
Exploration Program to begin July 2025
Properties included: Todd Lake, Wales Lake East, Wales Lake West (all within 30 km of Triple R and Arrow projects), Cree Bay (north Athabasca), Grey Island (50 km west of Key Lake Mine)
Todd Lake: ground EM survey; located <10 km from F3 Uranium’s "PW" discovery
Wales Lake East: 2 drill holes to test conductivity
Wales Lake West: 3 drill holes, airborne VTEM, ground EM
Cree Bay: Mobile MT airborne geophysical survey; 2 drill holes in 2019 found wide structures with anomalous uranium geochemistry
Grey Island: Mobile MT airborne geophysical survey (first phase)
Non-brokered private placement: up to 15,000,000 flow-through shares at $0.10 per share for gross proceeds up to $1,500,000
Proceeds to fund qualifying Canadian exploration expenses by December 31, 2026; renunciation to subscribers effective December 31, 2025
Red Cloud Securities Inc. acting as finder; compensation: 6% cash and 6% finder warrants (exercisable at $0.10/share for 24 months)
Private placement closing expected on or about June 18, 2025; subject to TSXV approval; 4 months + 1 day hold period
Directors, officers, insiders may participate; related party transactions expected to be <25% of market capitalization
Technical information reviewed by Sam Hartmann, P.Geo., President & COO
F4 Uranium: uranium project generator with 17 projects in Athabasca Basin, near major discoveries (Triple R, Arrow, Hurricane)
Contact: 778 484 8030, ir@f4uranium.com
AI Summary:
900,000 options to purchase common shares granted
Exercise price: $0.10 per share
Options valid for 5 years
Recipients: directors, officers, consultants
Shares subject to 4-month hold period from grant date
Ophir Metals Corp. focused on Pilipas Lithium Property, James Bay, Quebec
Option to earn 70% interest in Pilipas property over 3 years from Azimut Exploration Inc.
TSXV: OPHR, OTCQB: OPHRF, FSE: W0J
Contact: Shawn Westcott, CEO, 1 (604) 365 6681
News release date: June 4, 2025
AI Summary:
- Defiance Silver Corp. (TSXV: DEF) announces brokered private placement with Red Cloud Securities as sole agent
- Up to 32,000,000 units offered at $0.25 CAD per unit
- Gross proceeds up to $8,000,000 CAD
- Each unit: 1 common share + 1/2 warrant
- Each full warrant exercisable at $0.35 CAD, valid for 24 months after closing
- Agent’s over-allotment option: up to 8,000,000 additional units at $0.25 CAD, for up to $2,000,000 CAD extra
- Total possible gross proceeds: $10,000,000 CAD
- Net proceeds to fund exploration, San Acacio resource estimate, Tepal option payments, and general working capital
- Units offered in Alberta, BC, Manitoba, Ontario, Quebec, Saskatchewan under listed issuer financing exemption, and also in US/foreign jurisdictions under private placement exemptions
- Freely tradeable shares/warrants for Canadian buyers; 4-month+1-day hold for other exemptions
- Anticipated closing date: June 17, 2025
- Closing subject to regulatory approvals, including TSXV
- Defiance Silver: exploration company with Zacatecas (silver) and Tepal (gold/copper) projects in Mexico
- Contact: +1 (604) 343-4677, info@defiancesilver.com, www.defiancesilver.com
AI Summary:
- Ted Konyi resigned as director of Tana Resources Corp., effective May 31, 2025
- Company actively searching for a new board member to fill the vacancy
- Tana Resources Corp. trades on CSE under symbol TANA
- Focus: acquisition and development of high value mining projects in Canada
- Contact: 778-855-3994, vic@tanaresources.ca
- News release date: June 4, 2025
- Website: www.tanaresources.ca
- Forward-looking statements included; actual results may differ from projections
AI Summary:
- Defiance Silver Corp. (TSXV: DEF) announces private placement of up to 32,000,000 units at C$0.25 per unit
- Aggregate gross proceeds up to C$8,000,000
- Each unit: 1 common share + 1/2 common share purchase warrant
- Each whole warrant: purchase 1 common share at C$0.35, exercisable up to 24 months after closing
- Agent (Red Cloud Securities) granted option to sell up to 8,000,000 additional units at C$0.25 per unit
- Additional gross proceeds from Agent’s Option up to C$2,000,000
- Total possible proceeds: C$10,000,000
- Offering scheduled to close June 17, 2025
- Proceeds to fund exploration, resource estimate at San Acacio, cash option payments at Tepal, and general working capital
- Units offered in BC, Alberta, Manitoba, Saskatchewan, Ontario, Québec under NI 45-106 exemption
- Shares and warrant shares immediately freely tradeable in Canada if sold under exemption
- Units may also be sold in offshore jurisdictions and US under private placement exemptions
- Securities not issued under exemption subject to 4 month + 1 day hold period after closing
- Completion subject to regulatory approvals, including TSX Venture Exchange
- Company advancing Zacatecas project (Zacatecas Silver District) and Tepal Gold/Copper Project (Michoacán, Mexico)
- Contact: Investor Relations +1 (604) 343-4677, info@defiancesilver.com
- Offering document available at www.sedarplus.ca and www.defiancesilver.com
AI Summary:
- Standard Uranium Ltd. closed non-brokered private placement for gross proceeds of $1,006,675
- Issued 7,801,667 non-flow-through units (NFT Units) at $0.06 each, raising $468,100
- Issued 7,181,000 flow-through units (FT Units) at $0.075 each, raising $538,575
- Each unit includes one common share and one-half of one common share purchase warrant
- Each whole warrant allows purchase of one share at $0.15 until June 3, 2027
- Finders' fees paid: $45,921 and 682,523 non-transferable share purchase warrants
- All securities subject to resale restrictions until October 4, 2025
- Insiders participated: 875,000 NFT Units and 130,000 FT Units
- Proceeds to be used for exploration and working capital
- Davidson River Project exploration update: Exosphere Multiphysics surveys began May 26, 2025, in partnership with Fleet Space Technologies Canada Corp.
- Surveys collect Ambient Noise Tomography, Horizontal-to-Vertical Spectral Ratio, and Gravity data over three of four major conductive corridors
- Standard Uranium holds over 233,455 acres (94,476 hectares) in Athabasca Basin, Saskatchewan
- Davidson River Project: 10 mineral claims, 30,737 hectares, highly prospective for basement-hosted uranium
- Eastern Athabasca projects: over 42,384 hectares
- Sun Dog project: 9 mineral claims, 19,603 hectares, prospective for uranium, largely untested
- Forward-looking statements caution regarding risks and uncertainties
- Contact: Jon Bey, CEO, Suite 3123, 595 Burrard Street, Vancouver, BC, Tel: 1 (306) 850-6699, info@standarduranium.ca
AI Summary:
- East Africa Metals Inc. announces non-brokered private placement to raise CAD$5,522,000
- 50,200,000 common shares to be sold at CAD$0.11 per share
- Strategic investor to hold approximately 19.9% of issued and outstanding shares post-closing
- All securities subject to four-month hold period from issuance
- Proceeds to be used for projects in Ethiopia and Tanzania, legal, accounting, marketing, and working capital
- No commissions or finder's fees to be paid
- Private placement subject to TSX-V approval
- Principal assets: 30% Net Profits Interest in Mato Bula and Da Tambuk mines (Adyabo Property), 70% interest in Harvest polymetallic VMS Exploration Project (Tigray, Ethiopia), 30% Net Streaming Interest in Magambazi Mine (Tanga, Tanzania)
- US$66.8M invested in African exploration since 2005
- 2.8 million ounces of gold and gold-equivalent resources identified
- Average discovery cost: US$24 per ounce
- Contact: Nick Watters, +1 (604) 488-0822, investors@eastafricametals.com
- Not for distribution in the United States or to U.S. persons
AI Summary:
Highland Critical Minerals Corp. (CSE: HLND) class A common shares to begin trading on Frankfurt Stock Exchange under ticker "U8X" effective June 4, 2025
300,000 restricted share units (RSUs) granted to directors, officers, consultants; each RSU exchangeable for one Class A Common Share; RSUs expire June 4, 2027
Company focused on mineral exploration and development, mainly in Ontario, Canada
Planned use of funds from Special Warrants for exploration on Church Property
Forward-looking statements caution actual results may differ; risks include market prices, capital availability, regulatory approvals
Contact: Edward Yew, ted.yew@highlandcritical.com, 647-241-7202
Securities not registered under U.S. Securities Act of 1933; not for U.S. distribution
AI Summary:
- Pacific Ridge Exploration Ltd. closed second and final tranche of non-brokered private placement
- Total funds raised: $3,064,988.91
- Proceeds to fund follow-up drill program at 100% owned RDP copper-gold project and for working capital
- Drill hole RDP 22-005: 107.2 m of 1.39% copper equivalent (CuEq) or 2.06 g/t gold equivalent (AuEq); includes 0.63% copper, 1.10 g/t gold, 2.91 g/t silver within 497.2 m of 0.66% CuEq or 0.97 g/t AuEq (0.37% copper, 0.40 g/t gold, 1.60 g/t silver)
- RDP located ~40 km west of flagship Kliyul copper-gold project in northcentral British Columbia
- Second tranche: 15,184,494 units at $0.14/unit ($2,125,829.16) and 3,561,292 flow-through units at $0.17/unit ($605,419.64)
- First tranche: 1,632,430 units ($228,540.20) and 618,823 flow-through units ($105,199.91)
- Each unit: 1 common share + 1 warrant; each FT unit: 1 flow-through share + 1 warrant
- Warrants exercisable at $0.20/share until June 4, 2028
- Securities subject to hold period until October 5, 2025
- Finder's fees: $55,572.26 and 373,872 finder warrants (exercisable at $0.20/share until June 4, 2028)
- Insider participation: 100,000 FT units
- Proceeds from FT units to be used for Canadian critical minerals exploration expenses
- Pacific Ridge’s portfolio: Kliyul, RDP, Chuchi, Onjo, and Redton copper-gold projects, all in British Columbia
- Commodity price assumptions: Copper $3.25/lb, Gold $1,800/oz, Silver $20.00/oz
- Estimated recoveries: Copper 84%, Gold 70%, Silver 65%
- No metallurgical testing yet on RDP mineralization
AI Summary:
- Sranan Gold Corp. increases share offering to up to 20,000,000 shares at C$0.40 per share
- Maximum proceeds of up to C$8 million
- Net proceeds to be used for general working capital and expanded drilling program
- Drilling program up to 10,000 meters at Tapanahony Gold Project, Suriname
- All securities subject to four-month and one day hold period from closing
- Finder's fees may be paid to arm's length finders, subject to CSE approval
- Tapanahony Project covers 29,000 hectares, located in major small-scale mining area in Suriname
- Significant local saprolite production along 4.5-kilometre trend
- Sranan Gold also exploring Aida Property: five mineral claims, 2,335.42 hectares, Kamloops Mining Division
- Offering subject to Canadian Securities Exchange approval
- Forward-looking statements include risks such as CSE objection, use of proceeds, and satisfaction of closing conditions
AI Summary:
- Golden Pursuit Resources Ltd. (TSXV: GDP) begins 2025 exploration at Myrt Lake, Murray Lake, and DAF properties in Gordon Lake gold district, Northwest Territories, Canada
- Press release replaces June 3, 2025 version; includes NI-43 compliance and Qualified Person approval
- Exploration program includes:
- Detailed litho-structural mapping, rock and till sampling at three properties
- Channel sampling to assess gold distribution and grade continuity
- Property-scale photogrammetry and magnetics drone survey at up to 3 cm spatial resolution
- Assay and multi-element geochemical analyses; results expected October 2025
- Drone North (Yukon) hired for drone surveys; survey covers approx. 10 km², 40 m UAV flight height, 50 m line spacing, 270 line-km of magnetic survey
- Gordon Lake Project: 80-90 km NE of Yellowknife, NWT; 18 territorial + 13 federal claims + 4 historical mining leases; total area just over 6,850 hectares; 100% owned by Golden Pursuit
- Project history: gold exploration since 1937; last major activity in 1980s; properties acquired and consolidated in 2020; exploration permits valid through 2030
- All-weather road planned, 30 km long, to connect Gordon Lake to Tibbit Lake, expected to reduce exploration/drilling costs
- 2025 program: two phases—initial mapping/sampling at Myrt Lake and Murray Lake; refined mapping/modeling at DAF for drill planning
- Golden Pursuit has conducted LiDAR, geological mapping, IP, ground magnetics, and 3D modeling since 2021
- Company owns 11 properties (Canada & Nevada); 5 classified as "former producers" by NWT government
- Land and water use permits in place until 2030
- Community engagement ongoing with First Nations and NWT government
- Technical info reviewed by Pavel Dubchak, P.Geo., Qualified Person (NI 43-101); no current resource estimate provided
- Contact: Brian McClay (CEO/President), Cleber Peralta (COO/Director), Tel: 604-730-6982
- Forward-looking statements include risks related to exploration, permitting, market conditions, and regulatory changes
AI Summary:
- SAGA Metals Corp. appoints Paul McGuigan, P. Geo., as Qualified Person for Radar Ti-V-Fe Property in Labrador
- McGuigan: 50 years experience in economic geology, mineral exploration management
- Led Cambria Geological Inc. for 37 years, operated in North/South America, West Africa, Middle East, SW Pacific, Europe
- Supervised resource estimation for 8,000 tpd Granduc Mine (BC), improved head grade, supported mine re-opening
- Qualified Person for V-Ti-Fe projects in Canada, secured government grants for metallurgical/critical mineral tech
- Radar Property: 100%-owned, 24,175 hectares, 10 km from Cartwright, Labrador
- Dykes River intrusive complex: 160 km² surface, Mesoproterozoic layered mafic intrusion
- Infrastructure: road access, deep-water port, airstrip, hydro-electric power
- 2025 drill program underway; reliability of airborne magnetic surveys confirmed in 2024/2025 field programs
- Marketing agreement with Maximus Strategic Consulting Inc. (Pinnacle Digest) for 4 months from June 1, 2025
- Maximus fee: C$150,000 (+ GST) in two instalments; owns 300,000 shares and 300,000 warrants ($0.50/share, expiry May 23, 2027)
- SAGA flagship Double Mer Uranium Project: Labrador, 25,600 hectares, 18 km uranium trend, 14 km confirmed, samples up to 0.428% U3O8
- Uranophane identified in highest radiometric response areas (2024 report)
- Legacy Lithium Property (Quebec) + Amirault Lithium Project: 65,849 hectares, partnership with Rio Tinto
- Additional exploration assets in Labrador targeting titanium, vanadium, iron ore
- SAGA positioned for critical minerals supporting green energy transition
AI Summary:
- Edgemont Gold Corp. (CSE: EDGM) entered into a Definitive Agreement (June 4, 2025) to acquire all shares of Laiva Gold Inc. via a reverse takeover
- Transaction structured as a three-cornered amalgamation with Laiva and 2717194 Alberta Ltd. (SubCo)
- Post-closing, company to be named "Laiva Gold Corporation" and continue as a Mining Issuer on the CSE
- Two concurrent financings planned prior to closing:
- Laiva Private Placement: up to $7,500,000 at $0.80/unit (1 Laiva Share + 1/2 warrant, whole warrant exercisable at $1.20 for 18 months)
- Edgemont SR Financing: up to $7,500,000, price per subscription receipt TBD, converts to post-consolidation Edgemont shares
- Edgemont shares to be consolidated 3:1 prior to closing
- Certain Resulting Issuer shares to be subject to resale restrictions/escrow per CSE policy
- Directors/officers of Laiva and key shareholders have agreed to vote in favor of the transaction
- Termination fee of $500,000 payable by Laiva if the transaction is terminated in certain circumstances
- Laiva to repay Edgemont bridge loan and reimburse expenses if agreement terminated
- Board of Resulting Issuer expected to have 5 directors; some current Edgemont directors/officers to resign
- Transaction subject to CSE, shareholder, regulatory, and other customary approvals; expected completion by September 30, 2025
- Trading in Edgemont shares halted pending CSE requirements
- Laiva Gold Project (Finland): 2 exploration permit applications, 1 active mining permit, total area ~22.46 km²
- Project location: 20 km SE of Raahe, 80 km SW of Oulu, 550 km N of Helsinki
- Historical open-pit operation with 2 pits; processing plant built 2011, operated by Nordic Mines until March 2014
- Historical mill rate: ~210 mtph (design: 250 mtph); particle size P80 110-130 μm (design: P80 75 μm)
- Processing plant: 3 MW mill, flash flotation, gravity/regrind circuits, carbon-in-leach, gold room
- Geochemical lab: PAL1000, 52 steel pots, Atomic Absorption spectrometer, 8,000 samples/week capacity
- Power: 110 kV high-voltage grid, 20 kV secondary grid
- Edgemont holds 100% of Dungate copper/gold project (Houston, BC), 5 mineral tenures, 1,582.2 hectares
- Transaction not a "related party transaction" under MI 61-101
- No assurance transaction will complete as proposed; subject to multiple conditions and approvals
- Cautionary statements regarding forward-looking information and risks included
AI Summary:
- Coloured Ties Capital Inc. (TSXV: TIE) announces non-brokered private placement of up to 3,750,000 units at $0.20 per unit
- Aggregate gross proceeds up to $750,000
- Each unit: 1 common share + 1 warrant (warrant exercise price $0.28, valid for 36 months)
- Securities subject to 4 months + 1 day hold period
- Proceeds for corporate and general working capital
- Finder’s fee may be paid: up to 8% of gross proceeds
- Lafleur Minerals Inc. (C.LFLR): restarting 100%-owned, 750 tpd Beacon Gold Mill in Val-d'Or, Québec
- Targeting cash flow by early 2026
- Up to 10,000 metres diamond drilling at Swanson starting June; over 50 drilling targets identified
- Recent grab sample at Jolin: 11.7 g/t Au
- Plan for up to 100,000 tonne surface bulk sample at Swanson for Beacon Mill processing
- First Towers and Fiber Corp: operates 700+ km fiber optic network, largest 5G dark fiber network in Central Mexico
- 20-year master lease agreements for towers and fiber network
- 27 towers deployed, 6 under construction
- Coloured Ties owns 7,000,000 shares of First Towers; will own 2,800,000 shares of Akanda Corp. (NASDAQ: AKAN) post-merger
- Akanda-First Towers merger: 1 Akanda share for every 2.5 First Towers shares; approx. 15.3 million Akanda shares to be issued
- Remaining First Towers shareholders to receive approx. US$14.1 million, payable 18 months post-closing
- Akanda to assume certain options and indebtedness of First Towers
- Transaction subject to regulatory approvals; Akanda shares to remain listed on Nasdaq Capital Market
AI Summary:
- Element 29 Resources Inc. renewed five-year surface access agreement for Elida project in central Perú; expires April 30, 2030
- Supports current/future exploration; required for new drill permit under expanded DIA environmental approval
- Proposed permit increases authorized drilling platforms from 20 to 40; enables drilling for additional five-year term
- Ongoing magnetotellurics (MT) geophysical survey: over 100 MT stations across 5 km x 6 km area; targets subsurface depths >2,000 m
- MT data to delineate deeper, higher-grade Cu-Mo-Ag mineralization; guides exploration below 500 m
- Phase-III drilling program under FTA approval; first two holes (late 2024) intersected mineralization to >1,000 m depth
- Elida deposit: 29 contiguous concessions, 19,749 ha, 100% owned by Element 29
- Location: 170 km NW of Barranca, then 75 km inland; elevation 1,500–2,000 m; 45 MW hydroelectric facility 15 km away
- Hydrothermal alteration footprint: 2.5 x 2.5 km at surface
- Previous drilling: mineralization traced to >900 m depth, remains open
- Inferred Mineral Resource Estimate (based on 14,361.4 m drilling): 321.7 million tonnes @ 0.32% Cu, 0.029% Mo, 2.61 g/t Ag (0.2% Cu cut-off, 0.74:1 strip ratio)
- Element 29 also holds three early-stage porphyry Cu projects in Perú; total >25,000 ha titled concession
- Flor de Cobre prospect: 26 km from Cerro Verde copper mine
- Community members employed in surveys and drilling activities
- Preparing Collective Impacts Report for exemption from Consulta Previa process
- Company focused on responsible, collaborative project advancement and local economic development
AI Summary:
- Annual General and Special Meeting held June 3, 2025
- All proposed resolutions approved by shareholders
- Directors re-elected: Paul Martin (Chairman), André van Niekerk, Chris Leavy, James Gowans, Jason LeBlanc, Mark Christensen, Morgan Lekstrom, Norman MacDonald
- MNP LLP re-appointed as auditors for ensuing year
- Shareholders approved:
- Company continuance from Ontario to British Columbia
- Change of company name
- Share consolidation up to 20:1 ratio
- Adoption of new omnibus equity incentive plan
- Lindsey Le Ho appointed Corporate Secretary (effective April 9, 2025)
- Timothy Moran resigned as Corporate Secretary and Chief Legal Officer after meeting
- Senior leadership team: Morgan Lekstrom (CEO), Peter Rawlins (SVP & CFO), Brett MacKay (VP, Finance), Lindsey Le Ho (Corporate Secretary), Sharon Taylor (VP, Exploration)
- Sean Whiteford continues as President of Premium Resources International Ltd. (Botswana subsidiary)
- Company focus: redevelopment of copper, nickel, and cobalt mines in Botswana (Selebi and Selkirk mines)
- Team experience: over 100 projects, 400+ years collective experience, senior team members average 20+ years each
- TSXV: PREM, OTC Pink: PRMLF
- Forward-looking statements caution regarding completion and timing of continuance, name/symbol change, share consolidation (up to 20:1), and development plans
- Contact: Morgan Lekstrom (CEO), Jaclyn Ruptash (VP, Communications & IR)
AI Summary:
- Omega Pacific Resources Ltd. (CSE: OMGA) announces 2025 exploration strategy for Williams Property, Toodoggone District, BC
- Toodoggone District expects over $50 million in exploration and development in 2025
- Omega Pacific's 2024 gold discovery at GIC Target to be expanded in 2025
- 2025 program includes drilling, mapping, sampling to extend GIC over 12 km, including new claims
- 2024 highlights: 2 of 4 drill holes returned bulk tonnage gold intercepts and high-grade intervals
- All 2024 drill holes intersected gold mineralization in multiple zones; mineralization open in all directions, including to surface
- 2025 focus: expand mineralization in 1,400 x 400 m east-west target area within 12 km GIC Target
- 600 m east of 2024 drilling: historical hole WM22-03 returned 4.64 g/t Au over 8 m
- Up to 800 m west: historical soil sampling returned 4-12 g/t Au
- 2025 drilling to extend mineralization north and to surface; historical trenching samples up to 5 g/t Au, 300 m north of 2024 drill sites
- GIC Prospect: 12 km long target with overlapping gold-copper anomalies, magnetic trends, IP chargeability/resistivity anomalies
- 2025 objective: validate multi-million-ounce potential at GIC, expand known gold mineralization
- Qualified Person: Robert L'Heureux (P.Geo.), Director, oversees exploration and technical information
- Omega Pacific: Canadian mineral exploration company focused on precious metals in BC, evaluating assets domestically and internationally
AI Summary:
- Nicola Mining Inc. (TSXV: NIM, OTCQB: HUSIF, FSE: HLIA) hires Vicente García as Senior Geologist
- García has 7+ years of exploration experience (porphyry Cu-Mo, IOCG, stratabound-copper, epithermal gold-silver, lithium-rich brine)
- Holds B.Sc. in Geology from University of Concepción, Chile
- Previous roles: Kura Minerals, Quiborax, Mayal Exploration (founded in 2020), Dahrouge Geological Consulting (Canada, 2022), Anglo American
- Experience includes projects in Chile, Canada (Timmins, James Bay), Arizona, Greenland
- Nicola Mining preparing aggressive 2025 exploration program, focus on copper porphyry at New Craigmont Project
- Company also planning exploration at fully permitted Treasure Mountain Silver Mine (30 mineral claims, 1 mineral lease, 2,200+ hectares)
- Nicola Mining owns 100% of New Craigmont Project (historic high-grade copper, 10,800+ hectares, adjacent to Highland Valley Copper)
- Company operates 100% owned mill and tailings facility near Merritt, BC; mill processes gold and silver via gravity/flotation
- Mining and Milling Profit Share Agreements with high-grade BC-based gold projects
- Contact: Peter Espig, CEO, (778) 385-1213, info@nicolamining.com, www.nicolamining.com
AI Summary:
- Sorrento Resources Ltd. (CSE: SRS, OTCQB: SRSLF) to acquire 100% interest in Rodgers Cove Project, Newfoundland and Labrador
- Agreement dated June 4, 2025
- Consideration: $10,000 cash, 2,000,000 common shares, 2% net smelter returns royalty (up to 1% buyback for $1,000,000)
- Project: 4 mineral licenses, 99 claims, approx. 2,475 hectares
- Closing expected on or around June 11, 2025
- No finder's fees; all securities subject to 4 months + 1 day hold period
- Project located in Central Newfoundland Gold Belt, near major fault zones (JBP Fault, Appleton Fault)
- Recent trenching: 115.6 g/t Au over 1m
- Never diamond drilled; limited geophysics and exploration
- Proximity: less than 50 km north of Gander, near tidewater, forest access roads, transmission line
- Multiple exploration targets identified (Targets #1-4)
- Director Samantha Shorter resigned
- Qualified Person: Alex Bugden, P. Geo.
- Sorrento also owns Wing Pond, Lord Baron, PEG lithium, Harmsworth (VMS) projects in Newfoundland
AI Summary:
- Valkea Resources Corp. (TSXV: OZ) announces non-brokered private placement of up to 12,000,000 units
- Price per unit: C$0.25
- Gross proceeds: up to C$3,000,000
- Each unit: 1 common share + 1/2 common share purchase warrant
- Each whole warrant: exercise price C$0.35, valid for 18 months post-closing
- Accelerated expiry: if share price ≥ C$0.50 for 10 consecutive trading days after 4 months, expiry can be accelerated to 30 trading days after notice
- Finder’s fees: up to 6% cash and up to 6% in finder’s warrants
- Proceeds to fund exploration (Paana Project, broader portfolio) and working capital
- All securities subject to 4-month hold period from closing
- Financing subject to Board and TSXV approval
- Focus: gold exploration in Finland’s Central Lapland Greenstone Belt
- CEO: Chris Donaldson
- Contact: (604) 813-3931, info@valkea.ca
AI Summary:
- S2 Minerals Inc. (CSE: STWO) proposes non-brokered private placement of up to 4,966,666 units at $0.12 per unit
- Gross proceeds up to $596,000
- Each unit: 1 common share + 1 warrant
- Each warrant: exercisable for 1 share at $0.20 for 3 years post-closing
- Closing expected on or about June 11, 2025
- Proceeds for working capital and general corporate purposes
- 4-month hold period on securities issued
- Insiders may subscribe for up to 3,916,666 units (79% of offering)
- Related party transaction under MI 61-101, but exempt from formal valuation/minority approval
- Sandy Lake project: ~167,000 acres in Northwest Ontario
- S2 holds 100% of ~137,000 acres, 50.1% of ~15,000 acres (Weebigee JV), 50% of another ~15,000 acres (Southern Block JV)
- Projects located within traditional territories of Sandy Lake, Keewaywin, and Eabametoong First Nations
- Potential for adding new Canadian-focused exploration projects in future
AI Summary:
- Element 29 Resources Inc. (TSXV: ECU) signed renewed five-year surface access agreement for Elida Cu-Mo-Ag project in central Perú
- Agreement expires April 30, 2025; supports exploration and new drill permit application under expanded DIA environmental approval
- Proposed permit increases authorized drilling platforms from 20 to 40; enables drilling for additional five-year term
- Ongoing magnetotellurics (MT) geophysical survey: over 100 MT stations across 5 km x 6 km area; imaging to depths >2,000 m
- Survey to guide exploration below 500 m and future drilling campaigns
- Community members employed for MT survey and Phase-III drilling program
- First two Phase-III drill holes (late 2024): broad Cu-Mo-Ag mineralization from surface to >1,000 m depth
- Elida project: 29 contiguous concessions, 19,749 ha, 100% owned by Element 29
- Location: 170 km NW of Barranca, 75 km inland from coast, elevation 1,500–2,000 m, 15 km from 45 MW hydroelectric facility
- Elida porphyry system: 2.5 x 2.5 km hydrothermal alteration footprint; Eocene-aged quartz monzonite stocks
- Previous drilling: mineralization traced >900 m depth, remains open
- Inferred Mineral Resource Estimate (Sept 20, 2022): 321.7 million tonnes @ 0.32% Cu, 0.029% Mo, 2.61 g/t Ag (0.2% Cu cut-off, 0.74:1 strip ratio), based on 14,361.4 m diamond drilling
- Element 29 also holds >25,000 ha in early-stage Cu projects: Flor de Cobre (26 km from Cerro Verde), Paka, Pahuay
- Projects benefit from nearby infrastructure: roads, ports, power, skilled workforce
- Company preparing Collective Impacts Report for exemption from Consulta Previa process for new drill permit
- CEO: Richard Osmond, P.Geo.; technical report by Marc Jutras, PEng MASc (Ginto Consulting)
- Contact: info@e29copper.com, 1-888-246-7881
AI Summary:
- Aura Energy Limited (ASX: AEE, AIM: AURA) participating in 121 Mining Investment Conference, New York City
- Andrew Grove (Managing Director & CEO) to present company activities
- Conference dates: June 9-10, 2025
- Over 110 mining companies attending
- More than 650 sophisticated investors expected
- Event features pre-arranged, targeted 1-2-1 meetings and expert commentary
- 121 Mining Investment hosts events in London, New York, Cape Town, Singapore, Dubai, and online
- Aura Energy: Australian-based, established 2005, focuses on uranium and polymetallic projects in Africa and Europe
- Transitioning from explorer to producer with Tiris Uranium Project in Africa
- Contact: Andrew Grove, +61414011383, agrove@auraee.com
AI Summary:
- Cosa Resources Corp. (TSXV: COSA) commenced airborne geophysical surveying at 100% owned Cosmo (10,145 ha) and Orion (20,255 ha) uranium projects
- Geotech Ltd. conducting 618 line-kilometres of Z-Axis Tipper Electromagnetic (ZTEM) surveying
- Cosmo: 36 km west of Hurricane deposit, 58 km north of Cigar Lake Mine, covers 18 km magnetic low strike length, estimated unconformity depth 600–750 metres, no previous ZTEM coverage or drilling
- Orion: 29 km west of Cigar Lake, covers 25 km of Larocque Lake Trend, expanded since 2022, highly underexplored, previous drilling at Parker Lake intersected 0.05% U3O8 over 1.0 metre (932.4–933.4 m)
- 2023 MobileMT™ and 2024 ANT surveys at Orion identified kilometre-scale anomalies, high-priority targets for follow-up
- ZTEM survey aims to identify basement conductive zones and hydrothermal alteration, guide future drilling targets
- Condor Consulting retained for detailed data interpretation
- Cosa portfolio: ~237,000 ha in Athabasca Basin, multiple 100% owned and JV projects
- January 2025: strategic collaboration with Denison Mines, Denison is largest shareholder
- 2025 core focus: Murphy Lake North JV (70% Cosa, 30% Denison), within 3 km of Hurricane deposit, initial 2025 drilling intersected broad hydrothermal alteration
- Cosa management awarded 2022 AME Colin Spence Award for discovery of IsoEnergy's Hurricane deposit
- Historical exploration data referenced; limited verification completed
- Contact: Keith Bodnarchuk, President & CEO, +1 888-899-2672
- Caution: Forward-looking statements, risks include market changes, regulatory delays, commodity price fluctuations
AI Summary:
- LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) provides update on Swanson Gold Project in Abitibi Gold Belt and Beacon Gold Mill restart
- Beacon Gold Mill: 100%-owned, 750 tonne per day (tpd) facility in Val-d'Or, Québec; restart targeted for early 2026 cash flow
- Significant financing and offtake interest received for mill restart and ramp-up
- Summer 2025: diamond drilling program to test regional targets at Swanson
- Swanson Gold Project: 16,600 hectares (166 km²), over 36,000 metres historical drilling, 50 km from Beacon Mill, accessible by road and rail
- 2024 exploration: 144 rock samples collected, 315 soil sampling sites across 8 grids, 120.4 line-km of Induced Polarization (IP) survey
- 64 IP axes identified; 7 to be drill tested on Jolin grid, 4 on Bartec grid
- 50 drill targets identified; Phase I diamond drilling: 20 holes, minimum 5,000 m, starting early- to mid-June 2025 (pending permits)
- Grant of 1,250,000 incentive stock options at $0.20/share for 3 years to management and consultants
- Peter Espig appointed Strategic Advisor; experience includes $10 billion+ in structured deals, US$1.2 billion in SPACs, current CEO of Nicola Mining Inc.
- Site visit to Beacon Mill planned for June 2025; management update call on June 5, 2025, 10:00 a.m. PT / 1:00 p.m. ET via Zoom
- Swanson Gold Project includes Swanson, Bartec, Jolin deposits; hosts gold and critical metals; major structural breaks
- Sample preparation and analysis by accredited, independent labs; QA/QC protocols followed
- Company aims to move from small to intermediate gold producer in Val-d'Or region
- Swanson Gold Project previously held by Monarch Mining, Abcourt Mines, Globex Mining
- Beacon Gold Mill capable of custom milling for other nearby gold projects
AI Summary:
- CEO.CA is a leading investor social network for junior resource and venture stocks
- Founded in 2012; wholly owned subsidiary of EarthLabs, Inc.
- Millions of annual visitors from over 164 countries
- Popular free financial website and app in Canada and globally for small-cap investors
- Industry-leading audience engagement and mobile functionality
- Media partner at investor events worldwide; provides coverage of mining companies and executive interviews
- Ken Konkin, President & CEO of Goldstorm Metals (TSXV: GSTM) and SVP of Exploration at Tudor Gold (TSXV: TUD), discussed strategic leadership transition and exploration focus
- CEO.CA app available on iOS and Android
- Contact: hello@ceo.ca, website: CEO.CA
- Cautionary statement: forward-looking information involves risks, uncertainties, and factors such as capital/operating costs, regulatory approvals, financing, commodity prices, and market changes
- No stock exchange or regulatory authority has approved/disapproved the information in the release
AI Summary:
- Tincorp Metals Inc. (TSXV: TIN, OTCQX: TINFF) and Blue Jay Gold Corp. signed binding share purchase agreement on June 3, 2025
- Transaction: Sale of Tincorp’s wholly owned subsidiary, Whitehorse Gold (Yukon) Corp., which holds 100% of the Skukum Gold Project in Yukon, Canada
- Skukum Gold Project: spans approx. 170 km²; hosts close to 1 million ounces of gold-equivalent resources
- Initial payment: C$300,000 cash and/or equity at closing (Blue Jay’s election)
- Second payment: C$275,000 cash and/or equity on one-year anniversary of closing
- Deposit: C$25,000 previously advanced by Blue Jay
- Incentive payment: $5 per ounce of gold equivalent in excess of 2 million ounces AuEq identified within 5 years, based on updated technical report
- Incentive payment to be made within 90 days of 5-year anniversary, subject to remediation cost adjustments
- Completion expected in Q3 2025
- Termination fee: $50,000 payable to Tincorp in certain circumstances
- Conditions: mutually agreed reclamation/closure plan, Blue Jay securing capital for security demand, other customary conditions
- Blue Jay assumes reclamation responsibility; on-site infrastructure includes 50-man camp, geological facilities, process plant, exploration roads
- Security Demand: ~C$2.93 million required by Yukon Government
- Tincorp to retain potential equity interest in Blue Jay for future upside
- Tincorp focusing on Bolivian tin projects (Porvenir and SF Tin Projects, 70 km SE of Oruro, Bolivia)
- Skukum Gold Project located approx. 84 km south of Whitehorse by road
- Blue Jay Gold Corp. focused on greenfield exploration in brownfields regions, especially Ontario’s Beardmore-Geraldton and Wawa Greenstone Belts
- Blue Jay’s flagship Pichette Project features banded iron formation trends and high-grade historical gold intercepts
- Transaction subject to regulatory and stock exchange approvals, customary closing conditions, and risk factors outlined in forward-looking statements
AI Summary:
- T2 Metals Corp. (TSXV: TWO) announced Q1 2025 drill results from Sherridon VMS project, Manitoba
- Four holes drilled, total 1,120 m, tested over 800 m strike length east of Bob Lake Historical Resource and Fidelity prospect
- 2.6 km mineralized trend identified along VMS horizon
- SHN25021 intersected new high-grade precious metal zone (Au-Ag-Pb) at 457 m depth, no copper or zinc
- SHN23005 (2024) previously intersected 23.5 m at 6.8 g/t Au, 4 km away at Lost Lake prospect
- Bob Lake results:
- SHN25021: 6.00 m @ 0.89 g/t Au, 18.5 g/t Ag, 0.02% Cu, 0.02% Zn from 457.00 m, incl. 0.72 m @ 7.18 g/t Au, 145.5 g/t Ag, 0.09% Cu, 0.03% Zn from 458.28 m
- SHN25022: 4.50 m @ 0.69% Cu, 0.56% Zn, 0.18 g/t Au, 5.7 g/t Ag from 156.00 m, incl. 1.96 m @ 1.25% Cu, 1.21% Zn, 0.38 g/t Au, 9.3 g/t Ag from 157.14 m
- Barr Lake: SHN25023 and SHN25024 did not intersect target horizon
- Drilling prioritized untested geophysical (VTEM) targets, accessed via frozen ground/ice
- High-grade Au-Ag-Pb mineralization interpreted as late-stage remobilization, similar to Snow Lake (70 km SE)
- Geophysical surveys (DHEM, gravity) currently suspended due to wildfire evacuation orders
- Historical resources referenced; not treated as current per NI 43-101 standards
- QA/QC: drill core sampled 0.3–1.5 m intervals, analyzed at Bureau Veritas, precision 5% for key metals
- T2 Metals also active at Lida and Copper Eagle (Nevada), Cora (Arizona)
- Focus on low environmental impact and new gold-rich targets at Sherridon
- Acknowledgement of wildfire challenges in northern Manitoba/Saskatchewan
- Further exploration and data verification required to update historical resources
AI Summary:
- Municipality of Belmonte, Bahia, Brazil issued Decree number 150 on May 30, 2025
- Decree supports installation of Homerun Resources Inc.'s Silica Processing Plant and Solar Glass Manufacturing facility
- Facility capacity: 1,000 tons per day
- Project ensures full value chain from mineral extraction to final product in Belmonte
- MoU signed May 12, 2025 with CBPM, BahiaGás, SECTI, and Municipality of Belmonte
- Homerun Resources Inc. (TSXV: HMR, OTCQB: HMRFF) aims to be Brazil's first vertically integrated energy transition company
- Six profit centers within vertical strategy, leveraging high-purity quartz (HPQ) silica
- 3-phase development plan achieved all key milestones, including government partnerships and advanced IP
- Commitment to ESG principles and sustainable production technologies
- Focus on revenue generation and vertical integration in 2025
- Contact: Brian Leeners (CEO), Tyler Muir (Investor Relations)
- Source: Newsfile Corp. press release dated June 4, 2025
AI Summary:
- Infinico Metals Corp. (TSXV: INFM) announces resignation of Mr. Douwe van Hees from Board, effective immediately
- Mr. van Hees served for two and a half years
- Infinico focuses on exploration for critical metals in Québec
- Company has option agreement on Nicobi Project with magmatic Ni-Cu-Co sulphide mineralization
- CEO contact: Sam Walding, +44 7568 508610, swalding@infinicometals.com
- Forward-looking statements include risks such as failure to identify resources, delays in approvals, political risks, financing uncertainties, commodity price fluctuations, and development delays
- News release dated June 4, 2025
AI Summary:
- Military Metals Corp. (CSE: MILI, OTCQB: MILIF, FSE: QN90) signed Access Agreement with majority surface rights holders at West Gore Antimony Project
- Agreement allows exploration activities, including drilling, after drill targets are identified
- Initial term: 1 year, with renewal rights for three additional 1-year terms
- West Gore produced 7,000 tonnes of antimony concentrate at 46% antimony during World War I
- Project located in Meguma gold camp, Nova Scotia
- 2025 field program includes high-resolution drone-based aeromagnetic survey to delineate drill targets
- Historical ore body remains open along strike and at depth; post-production drilling identified high-grade antimony and gold
- Minor exploration in 1960s and 1980s; otherwise, system remains largely unexplored
- Nova Scotia government actively promoting critical mineral development, lifting bans and streamlining regulations
- Historical mining ceased after WWI when final shipment to UK was sunk by U-boat, bankrupting the company
- Mineralization includes stibnite, native antimony, aurostibnite, antimony-gold alloys, and oxides
- Technical report source: NI 43-101, May 25, 2021, Battery Elements Corp
- Military Metals Corp. focused on acquisition, exploration, and development of antimony properties
- Contact: Scott Eldridge, CEO; Jeremy Ross, VP Corporate Development, 604-537-7556
AI Summary:
- Thunder Gold Corp (TSXV: TGOL) announces non-brokered private placement for up to C$1,000,000
- Placement includes up to 7,142,857 flow-through units (FT Units) at $0.07 each and up to 8,333,333 non-flow-through units (non-FT Units) at $0.06 each
- Each FT Unit: 1 common share + 1/2 warrant (exercise price $0.10, 18 months expiry)
- Each non-FT Unit: 1 common share + 1 full warrant (exercise price $0.10, 18 months expiry)
- Warrants subject to accelerated expiry if 20-day VWAP is $0.20 or more
- Expected closing date: June 13, 2025, subject to TSXV approval
- All securities subject to 4 months + 1 day hold period
- Finders’ fees: up to 6% cash and up to 6% finder warrants (exercise price $0.06, 18 months expiry)
- Proceeds to fund exploration at 100%-owned, 2,500-hectare Tower Mountain Gold Property, 50 km west of Thunder Bay, Ontario
- Phase II drill program to start early June, targeting P, A, and 37/38 areas within 150 metres of surface
- Drilling at A Target to probe high-grade (+2.0 g/t Au) mineralization; 37/38 target discovered in 2023
- Tower Mountain property: gold mineralization extends 500 metres from intrusive contact, 1,500-metre strike length, over 500 metres depth
- 75% of intrusion perimeter remains untested but shows similar geology
- Thunder Gold Corp formerly White Metal Resources, focused on gold exploration in Canada
- Integrity Capital Group and PowerOne Capital Markets Limited acting as finders
AI Summary:
- South Pacific Metals Corp. (TSXV: SPMC, OTCQB: SPMEF, FSE: 6J00) appoints Timo Jauristo as Strategic Advisor
- Timo Jauristo: over 40 years mining industry experience, former EVP Corporate Development at Goldcorp Inc., senior roles at Placer Dome, director at Integra Resources Corp., former Senior Advisor at Canaccord Genuity Corp.
- 500,000 share options granted to Jauristo at C$0.50 per share, 5-year term from June 3, 2025
- Vesting: 1/3 on grant date, 1/3 after 1 year, 1/3 after 2 years
- SPMC holds 3,100 km² land package in Papua New Guinea with four gold-copper projects: Anga, Osena, Kili Teke, May River
- Projects located near major producers: K92 Mining, PanAust, Barrick/Zijin
- Anga and Osena in Kainantu Gold District, potential for lode-gold and porphyry copper-gold mineralization
- Kili Teke: 40 km from Porgera Gold Mine, existing Inferred Mineral Resource, expansion potential
- May River: adjacent to Frieda River copper-gold project, historical drilling indicates significant gold system
- SPMC shares listed on TSXV, OTCQB, FSE
- Contact: Michael Murphy, Executive Chair, +1-604-653-9464, info@southpacificmetals.ca
AI Summary:
- STLLR Gold Inc. (TSX: STLR, OTCQX: STLRF, FSE: O9D) announced remaining infill drilling results at Tower Gold Project, Timmins Mining Camp, Ontario
- Drilling used artificial intelligence to optimize meterage and resource conversion
- Infill drilling at 903 and 55 Zone deposits intersected near-surface mineralization with grades above 2025 MRE open-pit average
- Eight geotechnical holes completed for slope design, overburden characterization, geotechnical modeling
- Three metallurgical holes drilled in Golden Highway area for process optimization and recovery modeling
- Results support advancing Pre-Feasibility Study and de-risking project
- 903 Deposit: gold mineralization in quartz veining within syenites, hosted in ultramafic volcanics, along Destor-Porcupine Fault Zone
- 55 Zone Deposit: higher-grade, open-pit mineralization, remains open along strike to southwest, associated with stacked quartz veins
- ALS Laboratories (ISO 17025 accredited) used for assay; samples >10.00 g/t Au analyzed by gravimetric finish, selected samples assayed by Metallic Screen Fire Assay
- Routine QA/QC: certified reference material, blanks, pulp repeats, third-party check assays
- True widths calculated using Leapfrog Geo software
- Qualified Person: John McBride, MSc., P.Geo., VP Exploration
- STLLR advancing two cornerstone projects: Tower Gold Project (Ontario) and Colomac Gold Project (Northwest Territories)
- NI 43-101 Technical Report for 2025 MRE and 2025 PEA to be filed by June 30, 2025
- Contact: Investor Relations +1 (416) 863-2105, investors@stllrgold.com, www.stllrgold.com
AI Summary:
- Sanu Gold Corporation announces preliminary 2025 drill results at Daina gold exploration permit, Siguiri Basin, Guinea
- Total of 9,118 meters drilled since February 2025; assay results for several holes pending
- Daina 2 Target:
- Mineralization extended by ~1,000m, now at least 1,500m strike length
- Key results:
- DAI-RC-067: 26m @ 2.54 g/t Au from 18m (incl. 11m @ 5.48 g/t Au)
- DAI-RC-061: 32m @ 1.24 g/t Au from 13m (incl. 9m @ 2.48 g/t Au from 34m; 11m @ 3.43 g/t Au from 53m; 8m @ 4.44 g/t Au)
- DAI-RC-069: 22m @ 1.02 g/t Au from 17m (incl. 2m @ 2.52 g/t Au)
- DAI-AC-078: 18m @ 1.06 g/t Au from 24m (incl. 4m @ 1.85 g/t Au)
- DAI-AC-088: 10m @ 1.54 g/t Au from 14m (incl. 2m @ 6.81 g/t Au)
- Mineralization open to south; geophysics suggests further 1,000m extension possible
- Second rig mobilized; additional 4,000m drilling underway
- Salat East Target:
- Located 4km from Daina 1 South
- First drilling identified mineralization over 500m strike length in granite-hosted NE structure
- Structure remains open for expansion
- Key result: DAI-RC-076: 34m @ 1.42 g/t Au from 24m (incl. 12m @ 3.24 g/t Au)
- Ongoing Drill Program (since Feb 2025):
- 4,144m RC in 31 holes
- 3,364m AC in 73 holes
- 1,610m DD in 6 holes
- Results pending for all DD holes, 10 RC holes, 7 AC holes
- Daina 2 Target (detailed):
- 60 AC holes (2,558m), 25 RC holes (2,845m), 3 DD holes (720m)
- Previous best intercepts (Jan 2025):
- DAI-AC-021: 51m @ 3.11 g/t Au from 6m (incl. 4m @ 4.47 g/t Au; 5m @ 20.0 g/t Au)
- DAI-RC-004: 21m @ 4.75 g/t Au from 56m (incl. 1m @ 85.5 g/t Au)
- DAI-RC-001: 37m @ 1.99 g/t Au from 21m (incl. 1m @ 32.6 g/t Au; 15m @ 1.23 g/t Au)
- DAI-RC-013: 11m @ 5.50 g/t Au from 80m (incl. 1m @ 56.6 g/t Au)
- DAI-AC-022: 16m @ 0.94 g/t Au from 20m (incl. 8m @ 1.2 g/t Au)
- DAI-RC-051: 4m @ 1.84 g/t Au from 60m
- DAI-RC-072: 20m @ 0.35 g/t Au from 185m depth
- Salat East Target (detailed):
- 2 AC holes (85m), 9 RC holes (1,117m), 2 DD holes (590m)
- Results pending for all DD and 5 RC holes
- Additional results:
- DAI-RC-077: 34m @ 0.50 g/t Au from 14m (incl. 4m @ 1.06 g/t Au)
- DAI-RC-078: 44m @ 0.34 g/t Au from 62m (incl. 2m @ 1.07 g/t Au); 18m @ 0.48 g/t Au from 126m (incl. 2m @ 1.27 g/t Au); 14m @ 0.37 g/t Au from 28m
- DAI-RC-075: 12m @ 0.60 g/t Au from 136m (incl. 2m @ 2.39 g/t Au)
- DAI-RC-076: 16m @ 0.40 g/t Au from 72m (incl. 2m @ 1.32 g/t Au)
- Daina 1 South Target:
- 2 RC holes (182m), 11 AC holes (721m), 1 DD hole (300m)
- Key result: DAI-AC-091: 10m @ 0.67 g/t Au from 4m (incl. 2m @ 2.46 g/t Au); 24m @ 0.52 g/t Au from 32m (incl. 2m @ 2.45 g/t Au)
- Results pending for 10 AC, 2 RC, 1 DD hole
- Other Exploration:
- Diguifara: 4 DD holes (1,120m) completed; results pending; follow-up 17 RC holes (1,400m) and 20 AC holes (2,100m) underway
- Bantabaye: 3 DD holes planned; 90-line km geophysics extension and auger sampling underway
- Corporate Update:
- Peter Hemstead joins Board of Directors
- Galen McNamara departs Board
- QA/QC: 2m composite sampling, 5% standards/blanks, analysis at MSALABS (Bamako, Mali)
- Sanu Gold exploring 3 permits in Siguiri Basin, Guinea; targeting multi-million-ounce gold discoveries
AI Summary:
- Honey Badger Silver Inc. (TSXV: TUF, OTCQB: HBEIF) provides update on 100%-owned Clear Lake Project, Yukon Territory
- Detailed review identified several new target areas; significant opportunity to grow historical silver-rich zinc deposit resource
- Clear Lake historic resource: 5.5 million oz silver, over 1.3 billion lbs zinc
- Historic NI 43-101 Inferred Resource (SRK, 2010): 7.76 Mt @ 22 g/t silver, 7.6% zinc, 1.08% lead
- Notable drill results: 14.1% Zn, 2.24% Pb, 36.4 g/t Ag over 29 m; 20.9% Zn, 8.3% Pb, 101 g/t Ag over 6.3 m
- Three new high-priority, drill-ready VTEM target areas identified
- VTEM Target 1: flat-lying conductor at 150 m depth, strong gravity and chargeability anomalies, similar to Clear Lake signature
- VTEM Target 2: along strike with Clear Lake, adjacent to zinc-rich gossan; soil samples: 410 & 450 ppm Zn, 0.9–1.8 ppm Ag; auger samples: 348–5,370 ppm Zn
- VTEM Target 3: gravity anomaly over strongest VTEM conductor, potential flat-lying massive sulphide at 300 m depth
- Geophysical work: 235 km VTEM survey, 11.1 km gravity and IP surveys
- Clear Lake property has Class 3 Land Use Approval valid until 2029; allows up to 31,500 m diamond drilling, 2,000 m reverse circulation drilling
- Company portfolio: 7 similar projects; includes Sunrise Lake (historic resource: 12.8 Moz silver, 201.3M lbs zinc Indicated; 13.9 Moz silver, 247.8M lbs zinc Inferred), Plata project, Nanisivik Mine Area (historic production: 20+ Moz silver, 1976–2002)
- Qualified Person: Dorian L. (Dusty) Nicol (PG, FAusIMM)
- Historical resources are not current; further verification required
AI Summary:
- Minera Alamos (TSXV: MAI, OTCQX: MAIFF) submitted final Mine Plan of Operations (MPO) amendment for Copperstone Mine gold project to U.S. Bureau of Land Management
- All key permits received except minor amendments due to processing technology change
- Final MPO amendment expected before year-end 2025, enabling full Copperstone Mine restart
- Site development can begin under existing permits while MPO amendment is pending
- Preliminary Economic Assessment (PEA, Feb 2025): after-tax NPV of US$66M at US$1,800/oz gold, US$200M at US$2,800/oz gold; after-tax IRR ranges 53.6%–152.7%
- Planning underway to transfer and refurbish existing process plant equipment to Copperstone site
- Exploration programs under review: up to 15,000 meters drilling, 8 targets, to coincide with production restart
- Updated technical study for Copperstone expected Q4 2025
- Project finance discussions ongoing; multiple indicative term sheets received
- Permit amendments in progress: Aquifer Protection Permit update, Air Quality Control Permit amendment, reclamation plan revision (closure plan approval expected Q3 2025)
- All permit amendments expected by Q4 2025; gold mining restart planned for 2026
- Engineering focus: expand resources (drilling C, D, South, Footwall Zones; follow-up between A and B zones), optimize mine plan, process plant capacity, maximize use of used equipment
- Four key exploration opportunities identified near current resources:
- Footwall zone gold at depth/under D zone
- Historic hole CS-266: 3.4 g/t over 3.0m, 200m SW of pit
- Southwest zone: 760m SW of pit
- Near hole 06CS-20: 20.5 g/t over 1.5m, 900m SW of pit
- Most significant intercept: CRD-03-10, 5 feet at 47 g/t
- PEA is preliminary, includes inferred resources; no certainty results will be realized
- Q1-2025 financials filed; major change from Sabre Gold Mines Corp. acquisition (Feb 6, 2025)
- Minera Alamos owns 100% of Santana (Sonora), Cerro de Oro (Zacatecas), La Fortuna (Durango), and Copperstone (Arizona) gold projects
- Strategy: develop low capex assets, expand resources, pursue strategic acquisitions
- No feasibility study for Santana; higher risk of economic/technical failure
- All forward-looking statements subject to risks and uncertainties
AI Summary:
- Golden Cross Resources (TSXV: AUX, OTC Pink: ZCRMD) commenced fully funded 6,000-metre phased drill program at Reedy Creek Goldfield, Victoria, Australia
- Initial phase: 2,000 metres diamond drilling, 15 shallow holes at Prince of Wales & Wieneroider Ridge targets
- Drilling guided by LiDAR, recent drilling review, structural mapping
- Aim: expand known high-grade gold mineralization, target faults, shears, quartz veins
- Further 4,000 metres of drilling planned, focused on deeper vein system extensions and adjacent ladder targets
- Drill targets identified from geological mapping, previously untouched by modern exploration
- Option to add more drill rigs later in 2025, depending on results
- Initial drill results expected later summer 2025
- Reedy Creek Project located 10 km northeast of Southern Cross Gold’s Sunday Creek discovery
- Historical high-grade gold intercepts: 11 m at 31.4 g/t gold, 2 m at 174.42 g/t gold
- ~3 km gold-in-soil anomaly identified, parallel to regional anticline, suggests large-scale system potential
- Exploration model: “Testing the Ladder” (stacked, steeply dipping high-grade quartz veins)
- Aims to define vertical extent, continuity, true size of system by deeper drilling
- Project comprises two tenements, 100% owned by Golden Cross
- Historical results not verified by current Qualified Person, used as scientific basis for ongoing work
- Qualified Person: Alan Till, VP Exploration, reviewed technical information per NI 43-101 standards
- Forward-looking statements caution actual results may differ from expectations
AI Summary:
- Cornish Metals Inc. advancing 100% owned South Crofty tin project in Cornwall, UK
- Orders placed for two winders with Qualter Hall & Company Limited
- Service winder: 3.2m single drum, 1,200 kW, max hoisting capacity 12,500 kg, speed up to 7.3 m/s
- Replaces existing 2.3m single drum, 132 kW winder (to be relocated to Roskear shaft)
- Production winder: 3.2m single clutch, double drum, 1,200 kW, max hoisting capacity 11,500 kg, speed up to 7.9 m/s
- Winders are long-lead items, key use of recent fundraising proceeds
- Qualter Hall: UK-based, 160+ years history, 50+ years supporting South Crofty
- TMG (Technical Management Group Ltd) engaged for project management consulting
- TMG to support construction phase and ramp-up to full production
- Planned commencement of pre-production underground development: H2 2026
- Cornish Metals dual-listed: AIM and TSX-V (CUSN)
- Forward-looking statements caution included regarding project risks and uncertainties
AI Summary:
- Argyle Resources Corp. (CSE: ARGL, OTCQB: ARLYF, FSE: ME0) supports Ontario Government's new critical mineral exploration and development initiatives
- Ontario's strategy aims to enhance global position in critical minerals, fight tariffs, and create economic opportunities
- Premier Doug Ford: Ontario to lead in securing resources, defending economic sovereignty, building prosperity for future generations
- Finance Minister Peter Bethlenfalvy: Focus on processing minerals in Ontario, partnerships with Indigenous communities, goal to make Ontario top global hub for critical minerals
- Argyle's Clay Howells project in Ontario aligns with provincial vision for sustainable, integrated supply chain
- Argyle incorporated in 2023, headquartered in Calgary, Alberta
- Projects: Option to acquire up to 100% of Frenchvale Graphite Property (Nova Scotia), owns 100% of Pilgrim Islands, Matapedia, Lac Comporté quartzite silica projects (Quebec)
- Research partnership with National Institute of Scientific Research (INRS), funded by Québec government
- Contact: info@argylresourcescorp.com, (825) 724-0033, www.argyleresourcescorp.com
AI Summary:
- Silicon Metals Corp. (CSE: SI, FSE: X6U, OTC Pink: SLCNF) begins fieldwork at Ptarmigan Project, ~130 km from Prince George, BC
- High-definition airborne LiDAR survey completed for 3D topographic modeling
- Q4 2024 sampling: 225 samples (184 quartzite, 41 country rock) analyzed by Bureau Veritas
- 48% of quartzite samples exceeded 99% SiO₂
- 8% of quartzite samples exceeded 99.9% SiO₂
- Average quartzite purity: 98.49% SiO₂
- Main impurities: Al₂O₃ (0.84%), Fe₂O₃ (0.33%), K₂O (0.17%), TiO₂ (0.10%)
- Channel samples: 2 meter intervals, total 24 meters across 2 cuts
- Chip samples: 5 meter intervals, total 30 meters
- Samples analyzed via XRF fusion; SiO₂ detection limits of 0.01%
- Project technical report effective date: September 26, 2024; filed October 1, 2024
- Company holds 100% interest in Ptarmigan Silica Project (~130 km from Prince George), Silica Ridge Silica Project (~70 km SE of MacKenzie), Longworth Silica Project (~85 km E of Prince George)
- Qualified Persons: Jeremy Hanson, P.Geo. (independent), Raymond Wladichuk, P.Geo. (COO & Director)
- Contact: Morgan Good, CEO, T: 604-715-4751, morgan@siliconmetalscorp.com
- Caution: Grab samples may not represent true mineralization; forward-looking statements subject to risks and uncertainties
AI Summary:
- Provenance Gold Corp. staked 285 BLM mineral claims at Eldorado East, covering 4,330.85 acres (17.53 km²), about 5 km east of core Eldorado property
- 13 initial samples collected along Sunday Hill ridge; results pending
- Historical Sunday Hill Mine: near-surface gold-bearing zone averaged 23.15 g/t gold, historical resource of 231,000 tons, zone within 10.7 meters of surface, 7.6 meters thick, widening to 18.3 meters at deepest, 61 meters down dip
- 1926: 21 weighted samples across 1,190 m x 150 m zone averaged 5.75 g/t gold
- 1994: Capri Resources gold-in-soils map showed four extensive gold-enriched soil zones
- Valley bottom and upland areas in Mormon Basin have been placer mined and re-placer mined, possibly more than twice
- 17 initial drill pad locations selected at Sunday Hill; permit applications being prepared for BLM and DOGAMI
- Target startup for initial drilling: later fall 2025
- 2025 plans: data compilation/validation, drone magnetic survey, geological mapping, permitting, drilling
- Provenance Gold Corp. focused on gold and silver exploration in Nevada and eastern Oregon, USA
AI Summary:
- Triumph Gold Corp. (TSXV: TIG) acquires Coyote Knoll Silver-Gold property in central Utah
- Property located 40 km southwest of Tintic Mining District, 85 km south of Bingham Canyon deposit, 40 km southwest of Eureka
- Purchase price: $150,000 USD plus issuance of 1 million common shares per year for 3 years (total 3 million shares over 3 years)
- Additional $3 million payment (cash or shares) due before 4 years from purchase date
- Coyote Knoll discovered in 1988; exploration includes mapping, trenching, rock sampling, geophysical surveys, and 2,606.96 metres RC drilling across 33 holes
- Historic drill highlights:
- CK-14: 8.19 g/t Au, 1,060 g/t Ag over 1.52 m from 9.14 m downhole
- CK-23: 2 g/t Au, 814 g/t Ag over 1.52 m from 45.72 m downhole
- 12-ton bulk sample mined from shallow open pit; mineralization exposed over 60 metres, delineated for 1.5 km
- March 2025 site visit confirmed epithermal-style mineralization; grab samples collected and analyzed
- Triumph Gold focused on flagship Freegold Mountain Project in Yukon (200 sq km, 3 NI 43-101 deposits: Nucleus, Revenue, Tinta Hill)
- Owns 100% of Big Creek, Tad/Toro, and Andalusite Peak properties
- Technical content reviewed by Principal Geologist Marty Henning, P.Geo. (NI 43-101 Qualified Person)
- Historical data not fully verified to current NI 43-101 standards
- Company committed to community engagement, environmental stewardship, and local employment
AI Summary:
- District Metals Corp. (TSXV: DMX) signed definitive purchase agreement dated June 3, 2025, to sell remaining interest in Bakar Property to Sherpa II Holdings Corp. (TSXV: SHRP)
- District to sell approximately 25% interest in Bakar Property
- Sherpa II to issue 1.5 million shares to District as consideration
- Bakar Property located on northern Vancouver Island, British Columbia
- Transaction subject to customary closing conditions, including TSX Venture Exchange approval
- District to retain equity position in Sherpa II, benefiting from future Bakar exploration success
- District focusing on Swedish uranium and base metal polymetallic properties: Viken and Tomtebo
- Viken Property contains largest undeveloped uranium Mineral Resource Estimate in the world
- Tomtebo Property located in Bergslagen Mining District, Sweden, 25 km between Falun Mine and Garpenberg Mine
- Tomtebo features two historic polymetallic mines and 17 km trend of mineralization
- Technical information approved by Garrett Ainsworth, P.Geo, President & CEO
- Forward-looking statements caution regarding risks, including transaction closing, regulatory approvals, funding, and Swedish uranium mining moratorium
AI Summary:
- Defiance Silver Corp. (TSXV: DEF, FSE: D4E) secured a six-year surface access agreement for 100%-owned Tepal Gold-Copper Project in Michoacán, Mexico
- Agreement allows surface exploration, drilling, engineering studies at Tepal project
- First formal agreement with surface landowner for Tepal
- Restructured option to acquire 2.5% Net Smelter Return (NSR) royalty at Tepal
- Revised NSR payment schedule: USD $75,000/month from July 1, 2025 to February 1, 2026; USD $150,000/month from July 1, 2026 to September 1, 2027
- Extension secured for final payment on San Acacio option agreement (Zacatecas Silver-Polymetallic project): payment moved from March 31, 2025 to June 30, 2026; no change to economic terms
- Defiance Silver advancing Zacatecas and Tepal projects in Mexico
- Company focused on capital-efficient exploration and resource growth
AI Summary:
- Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC: CCCFF) sold 100% interest in Newton Gold Project to Axcap Ventures Inc.
- Transaction closed June 3, 2025; Agreement dated May 23, 2025
- Consideration received by Carlyle:
- $500,000 cash
- 500,000 Axcap common share purchase warrants, exercisable at $0.20/share until June 3, 2028
- 3,750,000 Axcap common shares (Initial Payment Shares)
- Axcap common shares valued at $1,250,000 (Secondary Payment Shares), to be issued 12 months after closing at 20-day VWAP, subject to CSE minimum pricing
- Initial Payment Shares resale restrictions:
- 25% freely tradable August 3, 2025
- Additional 25% every two months
- Final 25% freely tradable June 3, 2026
- Secondary Payment Shares resale restrictions:
- 25% freely tradable four months after issuance
- Additional 25% each subsequent month
- Final 25% freely tradable seven months after issuance
- All Payment Warrants, Initial Payment Shares, and Secondary Payment Shares subject to statutory hold period of four months and one day from issuance
- Finder’s fee: 1,212,500 Axcap common shares issued to an arm’s length finder
- 587,500 Finder Shares issued at closing
- 625,000 Finder Shares to be issued with Secondary Payment Shares
- Finder Shares subject to statutory hold period of four months and one day
- Carlyle retains 100% of Quesnel Gold Project (30 km NE of Quesnel, BC)
- Carlyle holds option to acquire 100% of Nicola East Mining Project (25 km east of Merritt, BC)
- Forward-looking statements caution regarding risks, uncertainties, and no guarantee of future results
AI Summary:
- Edison Lithium Corp. (TSXV: EDDY, OTC Pink: EDDYF, FSE: VV0) updating on proposed sale of Argentina subsidiary Resource Ventures S.A. (ReVe) to Mava Gasoil LLC
- Closing deadline extended to on or before June 30, 2025
- Mava to pay advance payment of US$100,000, credited against total purchase price
- Total purchase price: US$3,500,000
- Previous initial deposit received: US$100,000
- Upon closing, further payments: US$3,100,000 (to company), US$100,000 (to company), US$100,000 (to two other ReVe shareholders)
- Transaction involves Mava acquiring all issued and outstanding shares of ReVe
- Completion subject to TSX Venture Exchange final acceptance and receipt of balance of purchase price
- Edison Lithium focused on exploration and development of cobalt, lithium, alkali, and other energy metal properties
- Contact: Tel 416-526-3217, info@edisonlithium.com, www.edisonlithium.com
AI Summary:
- Gold Hunter Resources Inc. announces non-brokered private placement financing
- Gross proceeds up to $2.5 million
- Financing to advance exploration and drilling at Great Northern Project, Newfoundland, Canada
- Offering includes hard-dollar units, flow-through units, and potentially charity flow-through units
- All securities subject to statutory hold period of four months and one day
- Great Northern Project covers 40 km of strike length, 23,060 hectares
- Project located along Doucers Valley Fault Structure, one of Newfoundland's most prospective gold belts
- Company advancing toward maiden drill program targeting high-priority anomalies
- Contact: info@goldhunterresources.com, +1 604-440-8474
- Investor relations: Colton Welgan, +1-250-816-5523, colton@goldhunterresources.com
- CSE: HUNT, OTCQB: HNTRF, FSE: 6RH
AI Summary:
- Spark Energy Minerals Inc. (CSE: SPRK) participating as Executive Dinner Sponsor and speaker at 2nd Annual Lithium and Critical Mineral Summit, Belo Horizonte, Brazil, June 3-5, 2025
- Event endorsed by Invest Minas; only platform focused on Brazil’s Lithium Valley
- Inaugural summit: 350+ industry leaders, 25+ countries, 50+ speakers, 40+ sponsors/partners, 180+ private business meetings
- 2025 summit: expanded agenda, key attendees include Sigma Lithium, Pilbara Minerals, Lithium Ionic, European Investment Bank, Vale
- Spark’s CEO Eugene Hodgson and VP Jon Hill attending; Jon Hill presenting June 4, 2025
- Arapaima Lithium & REE project: 919 km² land package (91,900 hectares), early-stage exploration
- 123 pegmatite occurrences across 13 trends, 31 km combined strike length
- Rock chip samples: up to 1,397 ppm Li; stream sediments: up to 191 ppm Li
- Pegmatites with K/Rb ratios as low as 23.84, indicative of spodumene-rich LCT pegmatites
- REE mineralization: soil samples >3,000 ppm TREO, stream sediments >6,000 ppm TREO (adjacent to Axel REE Limited’s high-grade drill results)
- Project located 15 km from producing Sigma Lithium mine, with excellent road access and infrastructure
- Corporate update: Bonn Smith appointed VP, Corporate Development, replacing Aaron Wong; Smith has 15+ years capital markets experience
- Qualified Person: Jonathan Victor Hill BSc Hons, FAUSIMM, director of Spark Energy Minerals Inc.
- Spark Energy Minerals: Canadian company focused on battery metals/minerals, especially in Brazil’s Lithium Valley
- Contact: Eugene Hodgson, CEO, +1-778-744-0742
- Forward-looking statements disclaimer included
AI Summary:
- Minaurum Gold Inc. (TSXV: MGG, OTCQX: MMRGF) exercising option to acquire 100% interest in Lone Mountain CRD project, Nevada, USA
- Option agreement with Nevada Zinc Corp. dated July 24, 2024; amended October 22, 2024 and December 24, 2024
- Project located on Battle Mountain-Eureka Trend, 28 km northwest of Eureka Mining District
- Lone Mountain project: 1 patented claim + 203 unpatented claims, covering 1,850 hectares
- Historic inferred mineral resource: 3,257,000 tonnes grading 7.57% zinc, 0.70% lead
- Drilling highlights: 118.87 m of 9.58% Zn, 0.74% Pb (hole LM-15-27); 24.7 m of 23.06% Zn (hole NLM-17-08)
- Preliminary Economic Assessment (PEA, June 2019): 35% after-tax internal rate of return (IRR)
- Acquisition terms: $1,000,000 in Minaurum shares (10-day VWAP), $100,000 cash to Nevada Zinc
- Payment Shares subject to 4 months + 1 day hold, max 500,000 shares/week sale restriction post-hold
- Completion subject to TSXV approval and other customary conditions
- Minaurum advancing flagship Alamos silver project in Mexico toward maiden resource in 2025
- Region hosts major mines: Barrick Gold's Goldstrike & Carlin, Nevada Gold Mines, Pine Valley, Cortez Hills, McEwen Mining's Gold Bar, i80's Ruby Hill
- Minaurum focused on high-grade, Americas-based precious and base metal projects
AI Summary:
- Ucore Rare Metals Inc. (TSXV: UCU, OTCQX: UURAF) entered engagement with Red Cloud Securities for private placement
- Offering price: $1.20 per Unit
- Maximum gross proceeds: $10 million
- Each Unit: 1 common share + 0.5 common share purchase warrant
- Each warrant: exercisable for 1 common share at $1.75, valid for 36 months after closing
- Agents’ Option: up to 1,250,000 additional Units at $1.20, for up to $1.5 million extra
- If fully exercised, total gross proceeds: $11.5 million
- Offering available in all Canadian provinces except Québec, and in the US via exemptions
- Net proceeds to be used for: finalizing feedstock/offtake agreements for Louisiana SMC, fulfilling agreements with US Dept. of Defense and Natural Resources Canada, commercial scale testing, engineering plans, and general working capital
- Closing date expected on or about June 19, 2025, subject to approvals (including TSXV)
- Agents receive 6.0% cash fee on gross proceeds (3.0% for President’s List sales)
- Agents receive Broker Warrants equal to 6.0% of Units issued (3.0% for President’s List), exercisable at $1.20 for 36 months
- Units offered under listed issuer financing exemption (NI 45-106), no Canadian resale restrictions
- Ucore aims to develop rare earth processing facility in Louisiana, future SMCs in Canada and Alaska, and Bokan-Dotson Ridge project in Alaska
- Forward-looking statements caution actual results may differ due to various risks and assumptions
- Company contact: Mark MacDonald, VP Investor Relations, 1.902.482.5214, mark@ucore.com
AI Summary:
- Strathmore Plus Uranium Corp. (CSE: SUU, OTCQB: SUUFF) announces non-brokered private placement
- Target gross proceeds: up to $1,000,000
- Offering: 8,333,334 units at C$0.12 per unit
- Each unit: 1 common share + 1 warrant
- Each warrant: exercisable at $0.15 per share for 36 months
- Net proceeds: for working capital and exploration of Wyoming properties
- Finder’s fees/commissions may apply
- All securities subject to 4 months + 1 day hold period
- Insiders expected to participate; related party transaction under MI 61-101, but exempt from formal valuation/minority approval
- Closing subject to subscriptions and regulatory approval
- Strathmore Plus Uranium has 3 permitted uranium projects in Wyoming: Agate, Beaver Rim, Night Owl
- Night Owl: former producing mine from early 1960s
- Contact: Jamie Bannerman, 1 250-868-6553, jamie@rdcapital.com
AI Summary:
- Powermax Minerals Inc. (CSE: PMAX) completed phase 1 exploration at Cameron REE property in Kamloops Mining Division, BC
- Program included prospecting, geological mapping, soil/rock sampling, geophysical surveys
- Rock samples collected: 0.3–2.0 kg each, geo-referenced, field duplicates included
- Sediment/silt samples collected from B-horizon, double-sealed
- All samples sent to ALS Metallurgy (Kamloops) and ALS Geochemistry (North Vancouver) for four-acid super trace multi-element analyses (ME-MS61L, MS61L-REE)
- ALS Laboratories is ISO 17025 accredited, independent of Powermax
- Cameron REE property: 3 mineral claims, total area approx. 2,984 hectares
- Phase 1 confirmed several priority areas for follow-up; presence of Monashee Group rocks noted
- Awaiting assay results; planning next exploration phase
- Qualified Person: Afzaal Pirzada, P.Geo., director
- CEO: Michael Malana
- Contact: (604) 561 2687
- For more info: www.sedarplus.ca
AI Summary:
- Bitcoin surpasses $100,000 in 2025 rally
- JU Miner launches new cloud mining plans for passive crypto income
- No hardware or technical knowledge required for users
- Daily returns and 100% capital refund at contract completion
- Mining powered by monocrystalline solar energy for eco-friendliness
- Over 860,000 users globally
- Flexible plan durations, suitable for all budgets
- Daily payouts for all plans
- User bonuses and referral rewards available for 2025 expansion
- Platform features multilayered security for user protection
- Expanding presence in Europe, Asia, and the Americas
- User-friendly interface allows beginners to start earning in minutes
- Disclaimer: Crypto mining involves risks; not investment advice
AI Summary:
- Arya Resources Ltd. (TSXV: RBZ) closed non-flow-through financing, raising gross proceeds of $510,000
- 5,100,000 units issued at $0.10 per unit, exceeding initial target by 900,000 units
- Insider participation: Andrew Cormier subscribed for 500,000 units; Peter Deacon for 1,000,000 units
- Finder's fee paid to Canaccord Genuity: 7% cash and 7% finder warrants
- Flow-through financing proceeds to be used for exploration expenditures on Saskatchewan mineral properties
- Non-flow-through financing proceeds for general working capital
- All necessary permits received for exploration and drilling at Wedge Lake Gold project, Saskatchewan (as of March 19, 2025)
- Issuance of securities and payment of finder's fees subject to TSX Venture Exchange approval
- Arya Resources Ltd. is a tier-2 mining and mineral exploration company focused on gold, silver, copper, nickel, cobalt in stable jurisdictions
AI Summary:
- West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY, FSE: W0H) granted 50,000 stock options to a consultant
- Options effective June 3, 2025
- Each option allows purchase of 1 common share at CAD$0.48 per share
- Options vest immediately, term of 10 years from grant date
- Exercise price equals closing price on TSXV prior to grant
- Grant subject to TSXV approval
- Company focused on mineral resource properties in Canada, using green processing
- Record Ridge deposit located 10 km southwest of Rossland, BC
- Deposit contains approximately 10.6 million tonnes of magnesium (NI 43-101 compliant, SRK Consulting, April 18, 2013)
- Contact: Frank Marasco Jr. (President/CEO, 403-660-3488), Barry Baim (Corporate Secretary, 403-829-2246)
- Cautionary note on forward-looking statements and risks provided
AI Summary:
- Silver47 Exploration Corp. (TSXV: AGA, OTCQB: AAGAF) and Summa Silver Corp. (TSXV: SSVR, OTCQX: SSVRF) announce upsized brokered private placement to C$6,000,000
- Offering consists of up to 24,000,000 Summa subscription receipts at $0.25 each
- Each subscription receipt converts to 1 Summa unit (1 share + 0.5 warrant); each whole warrant exercisable at $0.36 for 24 months post-escrow release
- Agents granted 15% over-allotment option on gross proceeds, exercisable up to 48 hours before closing
- Net proceeds to fund U.S. silver project portfolio, working capital, and general corporate purposes
- Anticipated closing date: June 17, 2025 (subject to regulatory and TSX Venture Exchange approvals)
- Escrowed funds released upon satisfaction of conditions by the 90th day post-closing or mutually agreed date
- If escrow conditions not met, funds returned to investors with pro rata interest
- Agents receive 6% cash commission and broker warrants equal to 6% of subscription receipts sold, exercisable at $0.25 for 24 months
- Silver47 and Summa to merge under the name "Silver47 Exploration Corp." via court-approved plan of arrangement
- Silver47 owns three projects: Red Mountain (Alaska, 15.6M tonnes @ 7% ZnEq or 335.7 g/t AgEq, 168.6M oz AgEq), Adams Plateau (BC), Michelle Project (Yukon)
- Summa owns 100% of Hughes Project (Nevada) and Mogollon Project (New Mexico), both historic high-grade silver producers
- Offering not registered in the U.S.; not available to U.S. persons
- Contact info provided for both companies’ executives and investor relations
- Forward-looking statements and risk factors disclosed, including regulatory, operational, and market risks
AI Summary:
- Noble Plains Uranium Corp. (TSXV: NOBL, OTCQB: IXIXF, FSE: INE) secures option to acquire 100% interest in 30 mineral claims (Shirley Central Property) in Shirley Basin, Wyoming
- Shirley Central Property located within/adjacent to Ur-Energy Inc.'s Shirley Basin permit and surrounded by Uranium Energy Corp (UEC) land
- Ur-Energy's Shirley Basin Project: NI 43-101 Measured Resource 1,367,000 short tons, Indicated Resource 549,000 short tons, total 8.816 million lbs U₃O₈ at 0.23% grade; project under construction
- Historic drilling: at least 5 dense, systematic drill areas, grid spacing 25m x 25m, between former open-pit mines; high-confidence ISR targets identified
- Noble Plains to fast-track permitting, plans drilling by late summer 2025
- Shirley Central Property expands Noble Plains' Shirley Basin footprint to 101 unpatented claims, total 8.44 km² (3.26 mi²)
- Shirley Basin historical production (1960-1992): over 52 million lbs U₃O₈ at average 0.22% grade (over 3x current US average)
- Wyoming is top uranium-producing state in US, hosts largest ore reserves
- ISR (in-situ recovery) is dominant uranium production method in Wyoming; offers lower costs, minimal disturbance, no tailings
- Option agreement terms: US$50,000 annual payment to vendor; after year 3 and before construction decision, option to exercise for 100% interest subject to 3% gross value royalty; annual payments convert to US$50,000 milestone payment post-exercise
- Transaction is an Exempt Transaction under TSXV rules; no Exchange approval required
AI Summary:
- Terrain Minerals (ASX: TMX) presenting gold and gallium projects in New York
- Executive Director Justin Virgin speaking at exclusive government/investor event and 121 Mining Investment New York conference (June 9-10, 2025)
- Company listed on ASX (TMX) and Frankfurt Stock Exchange Open Market (T4Y)
- Open to asset divestment or joint venture opportunities
- Smokebush Project: 100% owned, located in Yalgoo Mineral Field, Western Australia; near major operations (Golden Grove ~50km south, Rothsay 10km away)
- Monza, Lightning, Wildflower gold prospects: gold results pending; high-grade drilling results at Lightning and Monza
- Larin's Lane Gallium & REE prospect: maiden drilling (late 2023) intersected gallium over 9km x 3km area; untested along strike; exploration target released September 2024; metallurgical studies underway with RSC and Curtin University; part of MIRWA REE study funded by Industry & WA government
- Biloela Copper & Gold Project: granted after ~2 years; located along strike of Cracow Gold Mine, Queensland
- Lort River Project: 100% owned, ~50km NW of Esperance, WA; selective metallurgical test program underway; high-grade clay REE project
- Pending tenement applications: includes Carlindie Lithium & Gold Project in East Pilbara, WA; several Carlindie areas recently granted
- Media contact: Stephanie Ottens, +61 434 405 400
AI Summary:
- Dark Star Minerals Inc. (CSE: BATT, FSE: P0W) appoints Jeremy Hanson as VP, Exploration for North American portfolio
- Portfolio includes Bleasdell historical uranium deposit in Saskatchewan and Ghost Lake Project (28,575 ha) in Labrador
- Jeremy Hanson: over 15 years experience, President of Hardline Exploration Corp, director at Garibaldi Resources and Carlyle Commodities, technical advisor to Grid Battery Metals, B.Sc. Hons from Simon Fraser University
- Assays pending from early season exploration at Ghost Lake Project (28,575 ha)
- Bleasdell Project: historic deposit of 620,700 lbs U3O8 (Horn and Jackpine zones), based on 1957 report
- 148 drill holes completed 1956-1957, totaling 3,738.6 meters (12,265.9 feet), depths 22.9m (75 ft) to 149.4m (490 ft)
- Notable historic drill results: 2.56m at 0.12% U3O8, 1.21m at 0.62% U3O8, strike lengths 91m and 33.5m
- Three additional zones identified for deposit expansion at Bleasdell
- Ghost Lake Project: 28,575 ha, contiguous to Atha Energy and adjacent to Paladin Energy, overlaps structural trends with known uranium deposits (Michelin, Mustang Lake, Jacques Lake)
- Dark Star option to acquire 100% interest in Ghost Lake (28,575 ha) and Bleasdell Project (over 515 ha)
- Jeremy Hanson, P.Geo., is Qualified Person under NI 43-101 for technical disclosure
- Contact: Marc Branson, President & CEO, investors@darkstarminerals.com, 604-816-2555
AI Summary:
- Great Atlantic Resources Corp. (TSXV: GR) mobilized excavator for trenching at Golden Promise Gold Property, central Newfoundland
- Trenching in southwest region, area of gold anomalies in soil and rock samples
- Initial 2024 trenching uncovered bedrock anomalous for gold and copper
- 2025: up to 7 trenches approved within Mineral Licence 036105M, in 2 target areas
- Initial 2025 trenches ~4 km northeast of Linda / Snow White quartz vein system
- Gold soil anomalies up to 77 parts per billion (ppb) gold
- 2024 rock samples: anomalous gold and copper from 2 trenches
- Third and fourth 2025 trenches: within ~250 meters of 2024 Trench No. 2, area of gold soil anomalies from 2018 and 2020 programs
- 3 additional trenches planned ~1 km north, area with 2024 soil samples: 44 ppb, 53 ppb, 83 ppb gold (25 m spacing)
- 2024 soil samples in this area: copper up to 121 ppm, molybdenum up to 44 ppm, antimony up to 28 ppm
- Golden Promise Property: largest and most advanced of 6 central Newfoundland gold properties owned by Golden Promise Mines Inc.
- Golden Trust property located within 1 km of Valentine Gold Mine (Calibre Mining Corp.)
- Focus on gold, copper, zinc, nickel, cobalt, antimony, tungsten in Atlantic Canada
- Technical information approved by David Martin, P.Geo., VP Exploration
- Contact: Christopher R. Anderson, President/CEO, 604-488-3900; Investor Relations: 1-416-628-1560
AI Summary:
- Forge Resources Corp. (CSE: FRG) mobilizing for 2025 drill program at Alotta Project, Yukon
- Camp re-establishment and drill pad construction began May 26, 2025
- Drill transported to site June 2, 2025; drilling to commence by end of week
- First drillhole to test area ~800 metres east of ALT-23-001/002
- Previous Hole ALT-23-001 (Feb 29, 2024): 211.65 metres @ 0.46 g/t gold (first diamond drill hole on property)
- 2025 drill plan: up to 4,000 metres of diamond drilling, 12 proposed holes, average depth 300-350 metres
- Focus on step-out drilling in Payoff Zone and untested anomalies over 4 km x 1 km area
- Reconnaissance drilling planned for Payoff target areas with surface rock values >1 g/t gold
- To date: 6 diamond drill holes completed, totaling 2,659 metres
- All holes encountered significant gold, copper, molybdenum mineralization
- Alotta property: 230 mineral claims, ~4,723 hectares
- Located 50 km south-east of Western Copper and Gold's Casino deposit
- Company holds 80% interest in Aion Mining Corp. (La Estrella coal project, Santander, Colombia; 8 known coal seams)
- Qualified Person: Lorne Warner, P.Geo, President of Forge Resources Corp.
AI Summary:
- Bullion Gold Resources Corp. (TSXV: BGD) launching second exploration program at Bodo project, Jamésie, northern Quebec
- 2024: First exploration program completed in eastern Bodo; significant results near Rivon and Canico showings
- Western Bodo: Geological survey confirmed presence of copper, zinc, gold, silver, nickel, lithium, cobalt, especially in Lac des Montagnes and Tichégami groups
- 2025: New exploration to target Rivon Lake and Papas showings; drilling program planned for fall 2025
- Historical drilling (1960s, 1980s): Copper, zinc, gold, silver, nickel, cobalt, lead identified
- Field work to continue until August 2025
- Cadillac Extension project acquired: 39 mining cells, ~2,235 hectares, over $1.4 million in exploration credits
- Cadillac Extension (Langlade) discovered 1991 by Cominco Ltd.; VMS potential
- Langlade showing: Mineralization traced over 1,200 meters eastward, depths up to 900 meters; main level avg. thickness 50 meters, dips 20° southeast
- New mineralized level found 200 meters north of main zone; 1-2 meter wide sulfide beds exposed
- Untested electromagnetic conductors (INPUT, HEM) and unexplored IP anomalies present
- Drilling program at Cadillac Extension possible fall 2025, subject to financing
- Private placement: Up to 4,000,000 flow-through units at $0.05 each, gross proceeds $200,000; each unit includes 1 flow-through share + 1 warrant (18 months at $0.08/share); closing by end of June 2025
- Proceeds for Cadillac-Extension (Langlade) exploration by fall 2025
- Corrections to previous press releases:
- Each FT unit = 1 flow-through share + 1 warrant (not half-warrant)
- Three insiders subscribed for 260,000 units + 650,000 FT units (not 760,000 units + 650 FT units)
- Momentum stock options: 600,000 shares at $0.055/share for 5 years (not 3 years)
- Qualified Person: Gilles Laverdière, P.Geo., Director
- Bullion Gold focused on gold and polymetallic projects in Quebec
AI Summary:
- Hayasa Metals Inc. (TSXV: HAY, OTCQB: HAYAF) began 2025 drill program at Urasar, Armenia
- Program duration: 9 weeks
- Drilling contractor: AT Group, Yerevan-based
- Drill rig: Atlas Copco CS14, capable of 1,200 meters depth
- Rig mobilized June 1, drilling started June 2
- 2025 drill program: approx. 2,000 meters, 8 or 9 holes
- Exploration license: 3,392 hectares over Urasar Mineral District, northern Armenia
- Mineralized corridor: 15 km, E-W trending along Chibukhlu Fault
- 2024 drill program: intersected altered, brecciated sulfide-bearing volcanic lithologies; assays sub-economic
- Reevaluation using Soviet-era (1960) report showed 2024 drill holes targeted too far south (unmineralized footwall)
- Historic data refined 2025 drill targeting
- Geology: oceanic ophiolites over Tertiary volcanics, similar to 4+ million oz Zod (Sokt) deposit (~100 km southeast)
- CEO and President confident in improved targeting and potential for district-scale mineralized systems (gold/copper)
- Qualified person: Dennis Moore, President and interim Chairman
- Forward-looking statements caution included
AI Summary:
- Universal Digital Inc. (CSE: LFG, FSE: 8R20) completed acquisition of 81% remaining equity in Geometric Galaxy Ltd. (GGL)
- Issued 20,828,572 common shares as consideration to former GGL shareholders
- Shares subject to Canadian resale restrictions and voluntary lock-up
- Universal Digital now owns 100% of GGL and BullWave, a SaaS crypto analytics platform
- Previous stake in GGL was 19%
- GGL leadership team to remain in place
- BullWave offers real-time market signals, portfolio tracking, performance benchmarking; fully non-custodial; in limited commercial use; enhancements in development
- Entered digital marketing agreement with SnowBridge Limited for investor awareness
- Initial SnowBridge campaign budget: up to C$500,000; option to extend or renew
- Universal Digital focuses on digital assets, blockchain, cryptocurrency technologies, and high-growth industries
- Forward-looking statements caution on risks: market volatility, regulatory impacts, potential for results to differ from expectations
AI Summary:
- Blue Star Gold Corp. (TSXV: BAU, OTCQB: BAUFF, FSE: 5WP0) highlights new critical mineral targets at Roma Project, West Kitikmeot, Nunavut
- 2024: First massive sulphide discovery (Ataani) in High Lake Greenstone Belt in over 20 years
- Ataani VMS horizon extends over 1,500 metres; only 500 metres drill tested so far
- Newly acquired ground includes high-grade copper samples up to 9.99% Cu, located <3 km from High Lake VMS deposits
- High Lake VMS deposit resource: 14 Mt grading 2.5% Cu, 3.8% Zn, 1.3 g/t Au, 84 g/t Ag (MMG 2013)
- Historical copper grades: Cairo prospect up to 9.99% Cu; Stu prospect up to 5.18% Cu
- 2024 drill program: best hole returned 0.42% Cu, 1.43% Zn, 9.19 g/t Ag, 0.13 g/t Au over 17.1 metres (0.973% CuEq)
- Surface copper grades on new ground: 2.56% to 9.99% Cu
- Limited historical drilling: <20 holes on newly acquired ground
- High Lake deposit consists of three mineralized zones; West Zone added ~9.1 Mt in 2003
- Blue Star landholdings: 290 sq km in High Lake Greenstone Belt
- Ulu Gold Project and Roma Project are key assets; Flood Zone deposit hosts significant high-grade gold resource
- Proposed Grays Bay Road and Port to improve access, reduce costs; road passes near Roma and Ulu projects
- Next steps: expand TDEM surveys, mapping, prospecting, and geophysical work along 1,500-metre Ataani trend (only 500 metres explored with modern techniques)
- VMS deposits in Canada (e.g., Bathurst, Flin Flon) often occur in clusters; some camps have >10 deposits, ranging 100,000 to >20 million tonnes (Brunswick camp: 12 deposits, ~229 Mt)
- Blue Star listed on TSXV (BAU), OTCQB (BAUFF), Frankfurt (5WP0)
- Contact: Grant Ewing, CEO, +1 778-379-1433, info@bluestargold.ca
AI Summary:
- C3 Metals Inc. (TSXV: CCCM, OTCQB: CUAUF) starts initial 14 diamond drill hole, 2,500m program at 50%-owned Super Block Project, Jamaica (JV with Geophysx Jamaica Limited)
- Drilling targets multiple epithermal gold prospects over 5km strike, including past producing Pennants Gold Mine, PEZ, and DHZ
- Historical drilling at Pennants: ~94 holes, average depth 82m; gold system remains open in multiple directions and at depth
- No significant prior drilling at PEZ and DHZ; only a few auger holes (average depth 1m)
- Surface mapping and sampling show gold mineralization over +5km strike (DHZ through Pennants to PEZ)
- Program may expand beyond initial 14 holes, 2,500m if warranted by results
- Assay results from initial program expected Q3 2025
- C3 Metals holds ~30,000 hectares in Southern Peru (Andahuaylas-Yauri Porphyry-Skarn belt)
- Jasperoide project: 15+ skarn prospects, outcropping porphyry system over two parallel 28km belts
- Maiden resource at Jasperoide: Measured & Indicated 52Mt at 0.5% copper, 0.2 g/t gold
- In Jamaica: 16 porphyry, 40 epithermal, multiple volcanic redbed copper prospects over 30km strike
- 100% interest in 17,855 hectares of exploration licenses; Freeport-McMoRan option on 13,020 hectares (up to 75% interest by funding up to US$75M)
- 50% interest in 9,870 hectares (JV with Geophysx Jamaica Ltd)
- Barrick Gold (May 1, 2024): Earn-in agreement with Geophysx on ~400,000 hectares, several licenses surround C3 Metals’ concessions
- Mining is Jamaica’s second largest industry; historical mining since 1500s (Spanish) and 1800s (British)
- QA/QC: 4-Acid digest ICP-MS for 48 elements, 30g Fire Assay for gold, certified reference standards, blanks, duplicates for quality control
- Caution on forward-looking statements and historical resource estimates not conforming to NI 43-101 standards
AI Summary:
2025 drill program at Iskut Project, Golden Triangle, NW B.C. commenced
Focus: delineate copper-gold porphyry mineralization discovered in 2024
Location: ~30 km by air from KSM gold-copper district
Three helicopter-portable drill rigs
Target: minimum 8,000 meters of core drilling
Goal: advance Snip North discovery to maiden resource estimation
Program budget: $13.4 million (fully funded)
Additional targets: Cu-Au porphyry intrusive source for maiden resource
Bronson Trend identified as district-scale structural corridor
Systems at Iskut similar in size to KSM deposits (strike lengths: thousands of meters; width/depth: many hundreds of meters)
Regional geophysical surveys confirm Bronson Trend connects Quartz Rise, Bronson Slope, Snip North
Seabridge holds 100% interest in Iskut, KSM (B.C.), Courageous Lake (NWT), Snowstorm (Nevada), 3 Aces (Yukon)
Iskut project acquired in 2016
Forward-looking statements caution on geological, operational, and market risks
AI Summary:
- Ridgeline Minerals Corp. (TSXV: RDG) and Midasco Capital Corp. (TSXV: MGC.H) entered share purchase agreement dated June 2, 2025
- Midasco to acquire 100% of Spartan Exploration Nevada Corporation, a Ridgeline subsidiary
- Spartan holds 244 lode mineral claims (Eagle Property) in White Pine County, Nevada, staked in 2024
- Eagle Property: Tungsten-Copper porphyry and skarn system, includes historic Tungstonia and Rees mines
- Past production (1917-1956): 8,352 Metric Ton Units (MTU) of Tungsten trioxide (WO3) at 0.6-1.0% average grades
- Property also contains Rubidium (Rb), Copper (Cu), Silver (Ag), Antimony (Sb), with minor Lead (Pb) and Zinc (Zn)
- Ridgeline to receive 1% net smelter return royalty on Eagle Property and any new claims within 2-mile area
- Midasco to apply for TSX Venture Exchange reactivation as Tier 2 mining issuer, plans name change to "Spartan Metals Corp."
- No finders' fees payable; Consideration Shares subject to 4-month hold and 12-month transfer restriction (1/12th released monthly)
- Transaction and reactivation subject to TSX Venture Exchange approval
- Ridgeline retains 100%-owned exploration assets (Big Blue, Atlas, Bell Creek, Coyote) and partnerships with South32, Nevada Gold Mines
- Ridgeline’s exploration portfolio: 200 km² across seven Nevada projects
- QA/QC: Samples analyzed at American Assay Laboratories and Paragon Geochemical Labs, with industry-standard methods and regular quality checks
- Technical information approved by Michael T. Harp, CPG, VP Exploration, Ridgeline
- Source for historical production: NBMG Open File Report 91-1
AI Summary:
- Black Swan Graphene Inc. ordered next-generation production unit as part of industrial scale-up
- Current production capacity: 40 tonnes of high-quality graphene annually
- Planned expansion to 140 tonnes per annum (more than triple current capacity)
- New unit to be installed at Thomas Swan & Co. Ltd. facility in Consett, UK
- Expansion leverages existing infrastructure to minimize capital expenditure and reduce lead times
- GEA Ariete 3160 high-pressure homogenizer to be completed and installed shortly
- Seven Graphene Enhanced Masterbatch™ (GEM) polymer products launched since 2024
- Concrete admixtures developed with Concretene and University of Manchester's GEIC can reduce cement usage and carbon emissions by up to 30%
- Expansion driven by commercial agreements and strategic partnerships in polymers, concrete, advanced composites
- Recent equity financing used for equipment purchase and hiring key sales/operations personnel
- Entered investor relations agreement with Equitrend Data Inc.
- Equitrend to receive CAD$300,000 over three months (monthly $100,000 installments); possible extension for another three months and CAD$300,000
- Equitrend granted 150,000 stock options at $1.00/share, vesting over one year, exercisable for 5 years
- Black Swan focused on large-scale, low-cost graphene production for industrial sectors including concrete and polymers
- Technology developed by Thomas Swan & Co. Ltd. over past decade
- Contact: Paul Hardy, Vice President - Corporate Development, +1 (416) 844-7365
- Website: www.blackswangraphene.com
AI Summary:
- PTX Metals Inc. (TSXV: PTX, OTCQB: PANXF, FSE: 9PX) released Phase 1 2025 drill results for W2 Cu-Ni-PGE and Gold Project, Ring of Fire, Ontario
- Drill holes W225-08 (CA1 zone) and W225-12 (CA2 zone, 2.92 km east of CA1) reported
- W225-08: 97.05m core length, near surface, starting at 26.95m; grades 0.41% (Cu+Ni), 0.10 g/t (Au+Pt+Pd)
- 41.00m @ 0.42% Cu, 0.20% Ni, 0.08 g/t (Au+Pt+Pd) from 48.00m to 89.00m
- 21.00m @ 0.54% Cu, 0.25% Ni, 0.07 g/t (Au+Pt+Pd) from 48.00m to 69.00m
- High-grade intervals:
- 1.32% Cu, 0.37% Ni, 0.12 g/t (Au+Pt+Pd) over 0.50m (45.00m-45.50m)
- 0.98% Cu, 0.33% Ni, 0.09 g/t (Au+Pt+Pd) over 4.00m (50.00m-54.00m)
- 1.44% Cu, 0.21% Ni, 0.06 g/t (Au+Pt+Pd) over 1.95m (50.00m-51.95m)
- 0.86% Cu, 0.45% Ni, 0.09 g/t (Au+Pt+Pd) over 1.50m (64.50m-66.00m)
- 0.82% Cu, 0.34% Ni, 0.14 g/t (Au+Pt+Pd) over 1.50m (80.00m-81.50m)
- 0.50m @ 0.73% Cu, 0.20g/t Au, 0.41g/t Pd (137.94m-138.44m)
- Individual peaks: 1.53% Cu over 1.10m, 0.69% Ni over 1.00m, 0.32 g/t Au over 1.00m, 0.15 g/t Pt over 0.57m, 0.41 g/t Pd over 0.50m, 0.15% Co over 0.50m
- W225-12: 88.00m mineralization, with 55.92m @ 0.34% (Cu+Ni), 0.29 g/t (Au+Pt+Pd) (70.00m-125.92m)
- Near surface: 7.50m @ 0.16% (Cu+Ni), 0.14 g/t (Au+Pt+Pd)
- 27.42m @ 0.31% Cu, 0.17% Ni, 0.35 g/t (Au+Pt+Pd) (98.50m-125.92m)
- High-grade intervals:
- 1.80% Cu, 0.15% Ni, 0.35 g/t (Au+Pt+Pd) over 0.55m (105.61m-106.16m)
- 1.31% Cu, 0.10% Ni, 0.28 g/t (Au+Pt+Pd) over 0.52m (103.48m-104.00m)
- 0.12% Cu, 0.71% Ni, 1.19 g/t (Au+Pt+Pd) over 0.72m (99.33m-100.05m)
- 0.32% Cu, 0.63% Ni, 1.08 g/t (Au+Pt+Pd) over 0.57m (102.91m-103.48m)
- Individual peaks: 1.80% Cu over 0.55m, 0.71% Ni over 0.72m, 0.52 g/t Au over 1.00m, 1.05 g/t Pd over 1.00m, 0.55 g/t Pt over 0.57m, 0.09% Co over 0.75m
- Systematic assaying for Cu, Ni, Au, Pd, Pt, Co; no metal equivalents reported
- Mineralized system ~8 km strike length; goal to connect CA1 and CA2 zones
- Drill program shows improved widths and grades over historical drilling
- QA/QC: Samples analyzed by Activation Laboratories Ltd., ISO 17025:2005 accredited; standards, blanks, duplicates used
- PTX Metals focused on strategic metals in Ontario; flagship projects: W2 Cu-Ni-PGE (Ring of Fire), Shining Tree Gold Project
- Listings: TSXV: PTX, FSE: 9PX, OTCQB: PANXF
- Contact: Greg Ferron, President & CEO, +1 (416) 270-5042, gferron@ptxmetals.com
AI Summary:
- Golden Pursuit Resources Ltd. (TSXV: GDP) begins 2025 exploration at Myrt Lake, Murray Lake, and DAF properties in Gordon Lake gold district, Northwest Territories, Canada
- Litho-structural mapping, rock and till sampling, and potential channel sampling planned for all three properties
- Property-scale photogrammetry and magnetics drone survey to provide up to 3 cm spatial resolution imagery for 3D geological modeling
- Survey covers approx. 10 km², using UAV at 40 m height, 50 m line spacing, 270 line-km of magnetic survey estimated
- Rock samples to be sent to ALS laboratory in Yellowknife; assay and geochemical results expected October 2025
- Gordon Lake Project: 80-90 km northeast of Yellowknife, 18 territorial and 13 federal claims, 4 historical mining leases, total area just over 6,850 hectares, 100% owned by Golden Pursuit
- Project area has gold exploration history since 1937, with last major activity in 1980s; 5 deposits classified as "former producers"
- 2025 program divided into two phases: initial mapping/sampling at Myrt Lake and Murray Lake, refined mapping/modeling at DAF for drillhole planning
- Drone North (Yukon) contracted for drone surveys; deliverables include orthomosaic imagery, digital elevation models, 3D point clouds, magnetic intensity maps
- Community engagement ongoing with First Nations and Government of Northwest Territories
- Land and water use permits in place until 2030
- Golden Pursuit owns 11 properties (Canada, US), all 100% owned except for royalties on purchased NWT claims
- Contact: Brian McClay (CEO), Cleber Peralta (COO), Tel. 604-730-6982
- Forward-looking statements caution regarding exploration risks and uncertainties
AI Summary:
- Benton Resources Inc. announces significant new gold discovery 150 m north of Great Burnt Copper deposit in drill hole GB-25-63
- Early assay: 2.15 g/t Au over 7.70 m, including 5.46 g/t Au over 2.75 m; visible chalcopyrite (copper) present, base metal assays pending
- Possible extension of mineralization from hole GB-25-59 (50 m south): upper zone 0.67 g/t Au, 0.69% Cu over 14.40 m, including 2.16 g/t Au, 1.09% Cu over 3.00 m; lower zone 0.89% Cu over 6.48 m, including 1.11% Cu over 5.09 m
- Hole GB-25-65 intersected both Great Burnt Main Zone (GBMZ) and Footwall Zone (FZ), with massive sulphide and semi-massive sulphide over 1.8 m in FZ
- 5,090 m drilled in phase 5 program; total >23,300 m drilled since late 2023 acquisition
- 357 core samples sent for assay; results expected in coming weeks; drilling paused pending results and geophysics evaluation
- 5.9 km surface pulse EM survey completed along South Pond (SP) trend; identified conductive trends and multiple new targets for summer follow-up
- SP trend drill-tested at shallow depths over 2.3 km strike length with strong results
- Benton holds 70% interest in Great Burnt Copper-Gold Project; Homeland Nickel holds 30%; Benton is operator
- Great Burnt Project Mineral Resource: 667,000 tonnes @ 3.21% Cu Indicated; 482,000 tonnes @ 2.35% Cu Inferred
- Project covers 25 km strike, 6 known Cu-Au-Ag zones over 15 km, all open for expansion
- Previous drilling highlights at Great Burnt:
- GB-23-02: 13.00 m @ 8.31% Cu (incl. 3.00 m @ 12.80% Cu)
- GB-23-04: 26.87 m @ 7.18% Cu (incl. 11.16 m @ 10.28% Cu)
- GB-23-12: 25.42 m @ 5.51% Cu (incl. 1.00 m @ 8.77% Cu, 82.00 g/t Ag, 4.43 g/t Au)
- GB-23-15: 22.59 m @ 5.03% Cu (incl. 0.50 m @ 20.00% Cu)
- GB-23-21: 24.00 m @ 5.81% Cu (incl. 7.00 m @ 11.47% Cu)
- GB-23-22: 21.68 m @ 3.59% Cu (incl. 2.00 m @ 15.3% Cu)
- South Pond Gold Zone (7.5 km north of Great Burnt): gold system confirmed over 2.5 km, open for expansion; highlights:
- SP-24-03: 43.75 m @ 1.62 g/t Au
- SP-24-07: 74.20 m @ 1.43 g/t Au
- SP-24-15: 22.50 m @ 1.24 g/t Au
- SP-24-32: 54.5 m @ 1.88 g/t Au
- Benton is well-financed, TSXV-listed (BEX), with diversified property portfolio and equity positions in other mining companies
- QA/QC: samples analyzed at Eastern Analytical Ltd., ISO 17025 accredited lab
- Contact: Stephen Stares, President & CEO, 807-474-9020, sstares@bentonresources.ca
- Website: www.bentonresources.ca
AI Summary:
- West Red Lake Gold Mines Ltd. (TSXV: WRLG, OTCQB: WRLGF) reports progress at 100% owned Madsen Mine, Red Lake Gold District, Ontario
- Test mining and bulk sample program validated ability to mine as planned; close reconciliation between expected and actual tonnes, grade, and contained ounces across 6 stopes in 3 areas
- Test mining enabled mining up against historic stopes, unlocking additional resource potential
- Larger stopes and mining complexes (clusters of proximal stopes) identified as opportunities for greater efficiency and lower costs
- Mine design now uses consensus long-term gold price of US$2,350/oz vs. US$1,680/oz in previous Pre-Feasibility Study (PFS)
- Higher gold price allows lower cutoff grade, more resource tonnes, and ounces included in mine plan
- PFS mine plan: 60% small, high-grade stopes using higher-cost cut-and-fill mining; 478,000 oz probable reserve in 1.87 million tonnes grading 8.2 g/t gold, mined over 7 years
- Total indicated resource: 1.65 million oz gold in 6.9 million tonnes averaging 7.4 g/t gold (Austin, South Austin, McVeigh, 8 Zones)
- Definition drilling led to significant increases in stope complex tonnage and contained ounces:
- South Austin 4447: 212% increase in tonnage, 320% increase in contained ounces
- Austin 1099/1100: 204% increase in tonnage, 222% increase in contained ounces
- McVeigh 1453: 32% increase in tonnage, 18% increase in contained ounces
- Larger stopes and mining complexes expected to improve economic benefit, scale, and potentially extend mine life
- Corporate Secretary Jasvir Kaloti resigned; CFO Harpreet Dhaliwal interim replacement
- West Red Lake Gold Mines holds flagship Madsen Mine (47 km²) and Rowan Property (31 km², includes 3 past-producing mines) in Red Lake District
- Red Lake District has produced over 30 million oz gold from high-grade zones
- Technical information reviewed by Will Robinson, P.Geo., and Maurice Mostert, P.Eng.
- Contact: Gwen Preston, VP Communications, (604) 609-6132, investors@wrlgold.com
- Cautionary statement regarding forward-looking information and risks included
AI Summary:
- Canterra Minerals (TSXV: CTM) announces additional drilling results from 10,000m drill program at 100%-owned Buchans Project, Central Newfoundland
- Project located 50 km north of Equinox Gold's Valentine Gold Mine, 34 km northwest of Teck's Duck Pond Mine
- Drillhole H-25-3537 results:
- 68.0m of 1.0% CuEq (0.50% Cu, 1.00% Zn, 0.43% Pb, 3.5 g/t Ag, 0.06 g/t Au) from surface
- Including 11.0m of 2.14% CuEq (0.63% Cu, 3.22% Zn, 1.62% Pb, 6.9 g/t Ag, 0.14 g/t Au) from surface
- Drilling expands open pit mineral resource, demonstrates continuity of Lundberg deposit
- Builds on high-grade Two Level discovery announced May 20, 2025
- Buchans Project covers 95 km² near Buchans town; hosts past-producing Buchans Mine (operated 1928-1984)
- Lucky Strike orebody (historical): 5.6 million tonnes at 18.4% Zn, 8.6% Pb, 1.6% Cu, 112 g/t Ag, 1.7 g/t Au
- Buchans Mine total past production: 16.2 million tonnes at 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, 126 g/t Ag (from five orebodies)
- Lundberg deposit: large, near-surface VMS stockwork sulphide open pit resource
- Canterra holds Newfoundland's second-largest combined critical minerals inventory, with seven resource-stage deposits
- Gold project covers ~60 km extension of Valentine mine corridor; previous drilling intersected orogenic-style gold
- QA/QC: Samples analyzed at SGS Canada and ALS Geochemistry; protocols follow ISO/IEC 17025 standards
- Financial support may be received from Newfoundland and Labrador's Junior Exploration Assistance Program
- Metal prices (April 11, 2025): Cu US$4.06/lb, Zn US$1.19/lb, Pb US$0.85/lb, Ag US$32.23/oz, Au US$3,236.00/oz
- Further drilling results, including Pumphouse Target, to be released as assays are compiled
AI Summary:
- GoviEx Uranium Inc. (TSXV: GXU, OTCQB: GVXXF) appoints Deogratias M. Bukunkwe as Project / Commissioning Metallurgist for Muntanga uranium project in Zambia
- Mr. Bukunkwe: Zambian national, over 25 years of process start-up and operations experience
- Previous roles: Kayelekera and Langer Heinrich uranium mines, DRA Minopex, Freeport-McMoRan’s Grasberg Gold and Copper Cleaner Concentrator in Indonesia
- Immediate focus: build detailed pre-commissioning framework for lender due-diligence
- Responsible for commissioning and management of processing plant at production start
- Anticipated uranium production start: 2028 (subject to project financing)
- GoviEx’s principal objective: become significant uranium producer via Muntanga Project in Zambia
- Contact: +1-604-681-5529, info@goviex.com, www.goviex.com
- Forward-looking statements caution: production timeline, financing, uranium prices, and market conditions may affect outcomes
- Reference to risk factors in GoviEx’s MD&A and Annual Information Form for year ended December 31, 2024, available at www.sedarplus.ca
AI Summary:
- Canter Resources Corp. (CSE: CRC, OTC Pink: CNRCF, FSE: 6O1) announces integration of historical geological data into Railroad Valley Project, east-central Nevada
- Integrated datasets: detailed geology, legacy drill hole data/logs, gravity surveys, bedrock mapping, borehole geophysical surveys
- Data sources: public domain records, Nevada Bureau of Mines and Geology's Report 60 (2024)
- Railroad Valley: host to Nevada's largest historic oil fields
- Project aims: refine geologic model, guide drill targeting for lithium and boron-rich brines
- Neighboring 3 Proton Lithium (3PL) received FAST-41 Transparency Critical Mineral designation
- Model highlights favorable brine accumulation horizons in Quaternary-Tertiary valley fill (QTvf)
- Company plans further exploration, targeting both shallow and deep reservoirs later in 2025
- Historical data not fully verified; used to inform current exploration, not a guarantee of future resource
- Technical review by Eric Saderholm, P.Geo, Qualified Person under NI 43-101
- Canter advancing Columbus and Railroad Valley Lithium-Boron Projects in Nevada
- Phased drilling at Columbus to test brine targets at varying depths for lithium-boron enrichment
- Contact: CEO Joness Lang (778.382.1193), Investor Relations Kristina Pillon (604.908.1695)
- Forward-looking statements include risks: capital requirements, mineral prices, regulatory approvals, market conditions
- Press release dated June 3, 2025
AI Summary:
- Pasofino Gold Limited (TSXV: VEIN) provides update on Dugbe Gold Project, Liberia
- MineScope Services (Perth, Australia) engaged for gap analysis, trade-off studies of July 2022 feasibility study
- Two-phase process: Phase 1 (current) to update and optimize feasibility study (FS)
- July 2022 FS key economic outputs based on US$1,700/oz gold price
- Dugbe Gold Project area: 2,078 km² in southern Liberia
- Two deposits: Dugbe F (discovered 2009), Tuzon (2011), both within 4 km of Dugbe Shear Zone
- Exploration: 74,497 m diamond coring by Hummingbird (up to 2012), 14,584 m additional drilling by Pasofino (2021)
- Combined Mineral Resource Estimate (Nov 17, 2021): 3.3 Moz Measured & Indicated @ 1.37 g/t Au, 0.6 Moz Inferred
- Mineral Reserve Estimate (June 2022): open-pit mining, 14-year Life of Mine
- 25-year Mineral Development Agreement (MDA) with Liberian government (2019)
- MDA terms: 3% gold royalty, 25% income tax (with exploration expenditure credit), 50% fuel duty reduction, 10% government free carried interest
- Project well funded after Co-operation and Support Agreement with Hummingbird Resources / Nioko Resources
- Liberia described as geopolitically stable; focus on expediting engineering, permitting, infrastructure
- Pasofino owns 100% of Dugbe prior to government’s 10% interest
- Aim: update FS, enhance project economics, expedite path to financing, construction, commercial production
AI Summary:
- ZEB Nickel Corp. (TSXV: ZBNI, OTCQB: ZBNIF) reports results of independent 3-D inversion of high-resolution aeromagnetic and Falcon™ airborne gravity data over Zeb Nickel Project, Limpopo, South Africa
- Geofocus (Pty) Ltd conducted the study
- Identified 4 discrete, high-density targets interpreted as potential massive nickel-copper-PGE sulphide accumulations
- Aeromagnetic/radiometric survey: 50 m line spacing
- Falcon airborne gravity-gradiometer survey: 500 m line spacing
- 3-D inversion cell sizes: 12.5 m (magnetics), 125 m (gravity)
- New model expands search footprint laterally and to depths beyond historic drilling
- Multiple dense, magnetically susceptible bodies confirmed within company licence
- Four priority drill-ready targets defined
- Next steps include potential use of time-domain EM survey for further discrimination between magnetite-rich alteration and true massive sulphide
- Zeb Nickel Project is a developing Class 1 nickel sulfide project in the Bushveld Complex, South Africa
- Focus on metals critical for rechargeable batteries: nickel, graphite, lithium, cobalt, manganese, copper, aluminum
AI Summary:
- Borealis Mining Company (TSXV: BOGO, FSE: L4B0) mobilizing contractors at Borealis Gold Project, Nevada
- Crushing of ~327,000 ton mineralized stockpile starts June 9, 2025
- First gold pour expected late July 2025
- 2024 bulk sample: average grade 0.016 oz/st Au (0.55 g/mt Au)
- Expected gold recovery ~70% via heap leaching
- Two-stage crushing to continue through Q4 2025
- Gold pours expected to continue to at least mid-2026
- Tentative restart of blasting and mining targeted for Q4 2025
- Refurbished ADR plant, new carbon fines capture system installed
- Solution ponds inspected, repaired, ready for cyanide leaching
- Borealis mine historically produced over 600,000 ounces gold
- No drilling since 2011 except Borealis’ 2024-2025 work
- Property: 815 unpatented mining claims (~20 acres each), total ~16,300 acres, plus one 5-acre mill site
- Mine fully permitted for current operations; permit modifications may be needed for expansion
- Sandman project (acquired 2024) has 2021 NI 43-101 resource, 2023 PEA with strong economics
- Borealis led by experienced board and management team
AI Summary:
- Hannan Metals (TSXV: HAN, OTC Pink: HANNF) expands alkalic-type epithermal gold mineralization at Previsto by 150–200 m, now totaling 650 m strike length
- Mineralization remains open along strike; located at northern edge of 4 km × 4 km soil gold anomaly (>0.1 g/t Au)
- High-grade vein sets and broader mineralized zones identified; similarities to major global alkalic epithermal gold deposits
- Multiple mineralization styles: high-grade gold veins (100 m × 50 m area), moderate-grade stockworks (0.1–1.0 g/t Au), silver-dominant peripheral zones (<0.1 g/t Au), copper-enriched zones at lower elevations
- 4 km × 4 km gold-in-soil anomaly with two additional significant mineralized zones:
- Porphyry copper zone: 1.3 km NW of gold mineralization; 768.7 m of channel sampling
- Previsto East: 2.6 km east; 1,800 m × 400 m target, soils up to 0.6 g/t Au, boulders up to 1.9 g/t Au
- Belen maiden drilling underway: 5,000 m across 18 diamond drill holes, targeting 3 areas
- Vista Alegre: first hole HDDVA001 completed at 184.6 m; tests 600 m × 500 m high chargeability zone, gold-in-soil up to 0.12 ppm Au, surface mineralization up to 2.7 g/t Au, 44 g/t Ag
- Sortilegio: 1.2 km long chargeability anomaly, multiple Cu-Au targets
- Ricardo Herrera: 1,000 m × 250 m chargeability anomaly, outcropping porphyry-style Cu-Au mineralization
- Drilling program expected to take 6 months; first assay results anticipated July 2025
- Valiente project: 100% owned, central eastern Peru, 1,002 km² mining concessions, elevations 800–2,000 m a.s.l.
- District-scale porphyry cluster within 25 km × 10 km area; 8 detailed porphyry/epithermal targets, up to 10 earlier stage targets
- Alkalic gold system characteristics: high-K igneous rocks, Ag/V/Te/Fe/F/K/Ba/Mo enrichment, high Au:Ag ratios, vertical continuity >1,000 m
- Notable global analogues: Porgera (16 Moz Au, 3 Moz Ag), Cripple Creek (>23 Moz Au)
- All sampling and analysis by ALS Lima; standard QA/QC procedures
- Hannan emphasizes legal compliance, community engagement, environmental stewardship
- First mover advantage in 150 km Valiente mineral belt; advancing multiple significant targets
AI Summary:
- XXIX Metal Corp. (TSXV: XXIX, OTCQB: QCCUF, FSE: 5LW0) announced updated Mineral Resource Estimate (MRE) for 100% owned Opemiska Project, Quebec
- Pit-constrained resource increased by 12%, now within a shallower, more compact pit shell
- Updated MRE includes lower-grade stockwork mineralization, reducing projected strip ratio and open-pit footprint
- Saddle Zone drilling: 3-hole scout program intersected 5.3% copper, 1.20 g/t gold over 11 metres at 81m depth; 15-hole follow-up outlined 140m long structure to 190m depth; additional 80m mineralized zone identified
- High-grade starter zone included for potentially short payback or staged development
- First Preliminary Economic Assessment (PEA) since 1991 in progress, focused on maximizing early high-grade tonnes for strong IRR
- Out of pit (underground) resource: 6.9 million tonnes Indicated at 1.85% CuEq (243M lbs copper, 617 Koz silver, 64 Koz gold); 2.1 million tonnes Inferred at 0.88% CuEq (33M lbs copper, 82 Koz silver, 15 Koz gold)
- Opemiska Project covers 21,333 hectares; benefits from existing infrastructure, brownfield setting, direct highway access, hydroelectric grid, proximity to rail and airport, local workforce
- Cooke gold project (2.5km east): historic production 1.97M tonnes at 5.04 g/t gold, 0.66% copper; high-grade crown pillar intact; open-pit potential being evaluated
- Updated MRE based on 21,918 drill holes, 479,242 samples; database includes 9,359m in 387 recent drill holes (2002-2025) and 1,451,470m in 21,531 historical holes (1930-1990)
- Open-pit resources reported at 0.15% CuEq cut-off; underground at 1.00% CuEq
- Pit slopes: 55° in bedrock, 30° in overburden; model built using Deswik Pseudoflow 2024.2 and Leapfrog Edge v.2024.1.3
- Metal price assumptions: US$4.25/lb copper, US$2,500/oz gold, US$27/oz silver; recoveries: 95% copper, 88% gold, 86% silver
- Pit-constrained resource (June 2025): 62.7M tonnes at 1.04% CuEq (Indicated), 78.4M tonnes at 0.41% CuEq (Inferred)
- Risks: pit overlaps town boundary (social acceptance/capital risk), historical assay validation (core missing), geotechnical issues (open stopes, Venture Sill, Gwillim Fault), historical stope modeling uncertainty
- Official working group with City of Chapais established in 2024 for responsible development
- Thierry Project (Ontario) also advanced; two past-producing open pits, significant infrastructure, all-season road, airport within 5km, power grid within 8km, rail nearby
- QAQC: 1,178 bulk density measurements since 2019; rigorous reference/blank/duplicate assay protocols; all recent drill collars surveyed with differential GPS and gyroscopic alignment
- National Instrument 43-101 Technical Report to be filed within 45 days of release
- XXIX positioned as one of Eastern Canada's largest copper developers
AI Summary:
- Exploits Discovery Corp. (CSE: NFLD) entered option agreement with Cartier Resources Inc. (TSXV: ECR) to acquire up to 100% interest in three Québec gold projects: Wilson, Fenton, Benoist
- Projects located in Abitibi Greenstone Belt, Québec
- Benoist Project: 73 claims, 3,085.74 hectares; mineralized system 3 km long, 350 m wide, 1,300 m deep (open); includes Pusticamica deposit
- Benoist historical (2020, NI 43-101) resource estimate:
- Indicated: 1,455,400 tonnes @ 2.57 g/t Au, 0.19% Cu, 8.37 g/t Ag (120,100 oz Au, 5,974,800 lbs Cu, 391,900 oz Ag)
- Inferred: 1,449,600 tonnes @ 2.2 g/t Au, 0.06% Cu, 2.51 g/t Ag (102,700 oz Au, 1,785,900 lbs Cu, 117,200 oz Ag)
- Wilson Project: 42 claims, 1,660 hectares, 15 km east of Lebel-sur-Quévillon; historical (1994) resource: 187,706 tonnes @ 7.1 g/t Au (non-NI 43-101); recent drilling expanded mineralization over 700 m strike, 300 m depth
- Fenton Project: 18 claims, 760.68 hectares; historical (2000, non-NI 43-101) resource: 426,173 tonnes @ 4.66 g/t Au (~63,885 oz Au), 23,643 oz within first 50 m below surface
- Hawkins Project (Ontario, recently acquired): historical inferred resource 328,000 oz Au @ 1.65 g/t Au (2020)
- Option agreement: Exploits can earn 100% interest via cash, shares, exploration expenditures; Cartier retains 2.0% NSR royalty (repurchasable by Exploits)
- Option conditional on regulatory approvals by June 13, 2025
- Exploits aims to define >1 million ounces gold resource across Hawkins and Québec portfolio
- All mineral resource estimates considered historical, not current under NI 43-101
- Exploits now holds four advanced-stage Canadian gold projects
AI Summary:
- Premium Resources Ltd. (TSXV: PREM, OTC Pink: PRMLF) announces start of surface drilling in 2-kilometre gap zone between Selebi North and Selebi Main deposits, Botswana
- Drilling targets large borehole electromagnetic (BHEM) plates to test broader scale potential of Selebi Mines
- Two company-owned drill rigs commenced first two holes
- One drill tests BHEM plates down-plunge/down-dip from Selebi Main toward Selebi North; second drill tests BHEM plates 500 metres down-plunge/down-dip from Selebi North toward Selebi Main
- Program includes approximately 12,500 metres of drilling
- Expected completion over five months
- Selebi and Selkirk mines: previously producing copper, nickel, cobalt resources
- Senior team: over 100 projects, 400+ years combined experience, average 20+ years per member
- Company aims to become next major source of critical metals in a Tier One mining jurisdiction
- Forward-looking statements note risks, uncertainties, and no guarantee of results or timelines
AI Summary:
- Thor Explorations Ltd. (TSXV: THX, AIM: THX) announcement
- Non-Executive Chairman Adrian Coates purchased 29,032 Common Shares on 30 May 2025
- Mr. Coates now holds 2,186,800 Common Shares
- Represents approximately 0.33% of total issued share capital
- Contact information for Thor Explorations and associated advisers/brokers provided
- Press release not for dissemination in the United States or to U.S. wire services
- Securities not registered under the U.S. Securities Act of 1933
AI Summary:
- District Metals Corp. (TSXV: DMX, Nasdaq First North: DMXSE SDB, OTCQB: DMXCF, FSE: DFPP) retains Expert Geophysics Surveys Inc. (EGS) for helicopter-borne Mobile MagnetoTellurics System (MobileMT) survey at Viken Property, Jämtland County, central Sweden
- Survey to cover 1,387 to 2,346 line kilometers at 200 or 400 meter line spacing, in two phases
- Phase 1: focus on mineralized Alum Shale host rock of Viken Energy Metals Deposit
- Phase 2: survey remainder of 37,211 hectare Viken Property to identify additional conductive signatures for drilling
- Target: shallowest and thickest parts of mineralized Alum Shale (thickness > 50 m considered potentially economic)
- Alum Shale contains uranium, vanadium, potash, molybdenum, nickel, zinc, copper, rare earth elements
- MobileMT system introduced in 2018; uses natural electromagnetic fields from global thunderstorms to map subsurface resistivity
- Viken Property contains world’s largest undeveloped uranium resource estimate, plus significant vanadium, molybdenum, nickel, copper, zinc
- District Metals also holds Tomtebo Property, Bergslagen Mining District, south-central Sweden; 17 km trend with two historic polymetallic mines, between Falun Mine and Garpenberg Mine (25 km apart)
- Technical information approved by Garrett Ainsworth, P.Geo, President & CEO
- Cautionary note: forward-looking statements subject to risks including funding, regulatory changes, and Swedish uranium moratorium
AI Summary:
- CleanTech Vanadium Mining Corp. (TSXV: CTV, OTCQB: CTVFF, FSE: C9R) discontinued Shares for Services Agreement effective April 1, 2025
- 1,877,863 shares ("Salaried Shares") issued under agreement since inception, representing 15% of officers' salaries
- 897,449 Salaried Shares cancelled due to TSXV comments; these were issued below minimum price of $0.05 per share
- $19,843 paid in aggregate to officers for cancelled shares
- All remaining Salaried Shares now issued at $0.05 per share
- 684,660 Salaried Shares issued since March 1, 2025
- Shares subject to regulatory four-month hold period
- No new Control Person created by share issuances
- CleanTech owns 100% of Gibellini vanadium project (Nevada, USA) and has right to acquire EI Triunfo gold-antimony project (Bolivia)
- Contact: 1.877.664.2535, info@cleantechvanadium.com, www.cleantechvanadium.com
AI Summary:
- Besra Gold Inc. (ASX: BEZ) issues letter to shareholders
- Special Meeting scheduled for 11:30 am (Sydney time), Tuesday 24 June 2025
- Location: Hall Chadwick, Level 40, 2 Park Street, Sydney, NSW, Australia 2000
- Shareholders and CDI holders encouraged to vote via Proxy Form or CDI Voting Instruction Form
- Recently appointed Chairman: Mr David Potter (contact: david.potter@besra.com)
- Company Secretary: Michael Higginson (contact: michael.higginson@besra.com)
- North America contact: James Hamilton (contact: jim@besra.com)
- Link to Notice of Special Meeting provided
- Source: Newsfile Corp. release 254291
- Industry: Mining and Metals
AI Summary:
- West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY, FSE: W0H) received proceeds from exercise of 50,000 Warrants
- 50,000 common shares issued at CAD$0.30 per share
- Gross proceeds to company: CAD$15,000
- Warrants exercised were from a private placement closed November 9, 2024
- Company focuses on mineral resource properties in Canada, especially Record Ridge deposit
- Record Ridge deposit: 10.6 million tonnes contained magnesium (per NI 43-101 report, April 18, 2013)
- Deposit located 10 km southwest of Rossland, British Columbia
- Emphasis on green processing to minimize waste and CO2 emissions
- Qualified Person: Rick Walker, B.Sc., M.Sc., P.Geo.
- Contact: Frank Marasco Jr. (President/CEO, 403-660-3488), Barry Baim (Corporate Secretary, 403-829-2246)
- Forward-looking statements caution included
AI Summary:
- Goldshore Resources Inc. announces $25,000,000 "bought deal" private placement
- 22,727,272 Charity flow-through shares at $0.44/share for $10,000,000
- 32,258,064 Hard dollar common shares at $0.31/share for $10,000,000
- 13,157,894 Flow-through common shares at $0.38/share for $5,000,000
- Proceeds from FT and CFT shares to fund Canadian exploration expenses at Moss Gold Project, Ontario
- All qualifying expenditures to be renounced to FT and CFT share purchasers effective December 31, 2025
- Preliminary Economic Assessment (PEA) targeted for Q4 2025
- Offering expected to close on or about June 19, 2025, subject to regulatory approvals
- Underwriters receive 6.0% cash commission (3.0% for president’s list); option to sell up to 15% more shares
- Moss Gold Project: over $60 million invested, ~80,000 meters drilled by Goldshore, 235,000 meters total
- 2024 NI 43-101 mineral resource estimate: 1.54 million oz Indicated gold at 1.23 g/t Au, 5.20 million oz Inferred at 1.11 g/t Au
- Resource estimate covers 3.6 km of 35+ km mineralized trend; remains open at depth and along strike
- Shares offered in all Canadian provinces except Quebec, and internationally under exemptions
- LIFE Offering Document available on SEDAR+ and company website
- Eventus Capital Corp. acting as advisor
AI Summary:
- Highland Critical Minerals Corp. (CSE: HLND) announces summer exploration program for Church Property
- Exploration to begin end of June 2025
- Program includes mobile metal ions soil sampling to identify lithium anomalies in areas without exposed bedrock
- Company’s class A common shares began trading on Canadian Securities Exchange (CSE) May 27, 2025
- Received receipt for long form prospectus May 14, 2025
- Corporate milestones achieved: special warrant financing qualification, CSE listing
- Company focused on mining exploration in Ontario, Canada
- Funds from special warrants to be used for Church Property exploration
- Long-form prospectus dated May 9, 2025
- Forward-looking statements caution actual results may differ due to market, financing, regulatory, and industry risks
- Contact: Edward Yew, ted.yew@highlandcritical.com, 647-241-7202
- Securities not registered under U.S. Securities Act of 1933; not for sale in U.S. without registration or exemption
AI Summary:
- First Phosphate Corp. closed second and final tranche of non-brokered private placement financing
- Total raised in both tranches: $3,517,519
- 7,275,309 Flow-Through Shares issued at $0.35 each for $2,773,858 gross proceeds
- 2,124,747 Hard Dollar Units issued at $0.35 each (2,124,747 Common Shares + 1,062,373 Warrants) for $743,661 gross proceeds
- To date, company has raised approx. $23.8 million in 7 management-led non-brokered private placements since June 2022
- Final tranche: $1,126,365 raised (2,883,429 Flow-Through Shares for $1,009,200; 334,757 Hard Dollar Units for $117,165)
- Finder's fees: $800 cash, 471,152 Compensation Shares/advisory shares at $0.35 per share, 444,867 Compensation Warrants (exercisable at $0.50 until Dec 31, 2025)
- All securities subject to four-month and one day statutory hold period
- Proceeds to be used as per May 9, 2025 press release
- First Phosphate focused on high-purity phosphate for LFP battery industry, flagship project at Bégin-Lamarche Property, Saguenay-Lac-Saint-Jean, Quebec
- Vertically integrated model targets North American battery supply chains
- No offer or sale of securities in the United States; subject to regulatory approvals
AI Summary:
- First Phosphate Corp. (CSE: PHOS) closed second and final tranche of non-brokered private placement
- Total raised in both tranches: $3,517,519
- Issued 7,275,309 flow-through shares at $0.35 each for gross proceeds of $2,773,858
- Issued 2,124,747 cash units at $0.35 each (2,124,747 common shares + 1,062,373 warrants) for gross proceeds of $743,661
- To date, company has raised approx. $23.8 million in seven non-brokered private placements since June 2022
- Final tranche: $1,126,365 raised (2,883,429 flow-through shares for $1,009,200; 334,757 cash units for $117,165)
- Paid $800 in cash finder’s fees
- Issued 471,152 compensation and advisory shares at $0.35 per share
- Issued 444,867 compensation warrants, exercisable at $0.50 per share until Dec 31, 2025
- All securities subject to four months and one day hold period
- Funds to be used as disclosed in May 9, 2025 press release
- Main project: Bégin-Lamarche Property, Saguenay-Lac-Saint-Jean, Québec, contains high-purity phosphate from anorthosite rock
- Focus: sustainable, low-carbon phosphate extraction for LFP battery industry, vertical integration with North American battery supply chains
- Placement not offered or sold in the United States; subject to regulatory approvals
AI Summary:
- EMX Royalty Corporation held Annual General Meeting on June 2, 2025, in Vancouver, BC
- All proposed resolutions approved by shareholders
- Number of directors set at 6
- All director nominees elected for one-year term
- 99.14% voted in favour of setting directors at six
- 99.10% voted in favour of appointing Davidson & Company LLP as auditors
- 96.76% voted in favour of ratifying and approving Stock Option Plan
- Voting results filed on SEDAR+ on June 2, 2025
- EMX is a precious and base metals royalty company
- Shares listed on NYSE American and TSX Venture Exchange under "EMX"
AI Summary:
- Kingsview Minerals Ltd. (CSE: KVM, FSE: 0L40) acquired the Vernon property in southeastern New Brunswick
- Vernon Mine historically produced copper in the 1860s; no gold production reported from 1864-1865
- Historical gold grades reported up to 4 oz/ton Au in the Peacock Vein
- Property located ~50 km southeast of Sussex, west of Fundy National Park, along Bay of Fundy
- Recent exploration identified gold in pyrite-sericite schists at intersection of copper- and silver-bearing quartz-carbonate veins
- Surface grab samples and silt/soil sampling revealed anomalous gold and copper values, including a gold-copper occurrence ~900 metres from Peacock Vein
- Acquisition announced April 25, 2025; completed via three-way amalgamation
- Consideration: 3,000,000 common shares at $0.12 per share, total value CAD$360,000
- Property owners now hold 44% of Kingsview’s common shares
- No changes to management; no finders’ fees paid
- Technical review by Qualified Person David Benson, P.Geo (20+ years experience)
- Company plans to verify historical data in future exploration campaigns
- Kingsview focused on gold and base metal exploration in Canada
AI Summary:
- GoldQuest Mining Corp. (TSXV: GQC) closed first tranche of non-brokered private placement
- Private Placement increased to max 32,352,877 Common Shares at C$0.50/share, total gross proceeds up to C$16,176,439
- First Tranche: 21,450,877 Common Shares issued at C$0.50/share, gross proceeds C$10,725,438.50
- 82% of First Tranche funds from Dominican Republic investors
- Entire Second Tranche to be funded by Dominican capital
- Oversubscription led to limited allocations and deferred participation for some investors
- Insider participation: 3 Board members, including CEO, invested in First Tranche
- Cash finder’s fee of approx. C$203,275 paid to Paola Cornielle
- All shares subject to 4-month statutory hold period under Canadian law
- Use of proceeds: advancing Romero gold-copper project, exploring Tireo Formation
- Second Tranche: Guess Investments Ltd. to purchase 10,902,000 Common Shares at C$0.50/share, gross proceeds C$5,451,000
- Insider acquisition: 1,242,000 shares (C$621,000) in First Tranche, expected 10,902,000 shares (C$5,451,000) in Second Tranche
- Insider participation qualifies as “related party transaction” under TSX-V Policy 5.9 and MI 61-101
- Company relying on exemptions from formal valuation/minority approval as insider participation is less than 25% of market cap
- Second Tranche closing subject to TSX-V approval and completion of required forms
- GoldQuest Mining Corp.: Canadian-based, focused on Romero project and Tireo Formation in Dominican Republic
- Forward-looking statements include risks related to regulatory changes, project feasibility, economic/political conditions, commodity prices, and approvals
AI Summary:
Special Meeting of Shareholders scheduled for June 11, 2025, 9:30am EDT, at 110 Yonge Street, Suite 1601, Toronto
Shareholders to vote on proposed C$15 million distribution via reduction in stated capital
Distribution represents part of net proceeds from US$27 million settlement with United Republic of Tanzania over Wigu Hill project
Proxy voting deadline: June 9, 2025, 9:30am EDT
Management information circular dated May 7, 2025, available on SEDAR+ and company website
Montero holds Avispa copper-molybdenum project in northern Chile
Listed on TSX Venture Exchange (MON), 8,353,833 common shares, 741,667 stock options outstanding
All figures in Canadian dollars unless otherwise noted
Contact: Dr. Tony Harwood, President & CEO, +1 604 428 7050, ir@monteromining.com
AI Summary:
- Spark Energy Minerals Inc. published maiden NI 43-101 Technical Report for Arapaima Lithium and REE Project in Minas Gerais, Brazil
- Project covers 919 km² (previously reported as 64,359 hectares), 100% owned by Spark; includes 58 granted exploration licenses + 4 applications (62 total)
- Located in Brazil's "Lithium Valley," 15 km from Sigma Lithium mine, ~550 km (~8.5-hour drive) from Belo Horizonte
- 123 pegmatite occurrences identified across 13 trends, combined strike length 31 km
- Highest lithium values: rock chip samples up to 1,397 ppm Li, stream sediments up to 191 ppm Li
- K/Rb ratios as low as 23.84, indicative of spodumene-rich LCT pegmatites
- REE mineralization: soil samples >3,000 ppm TREO, stream sediments >6,000 ppm TREO (Caladão Granite)
- Axel REE Limited (neighboring company) drill result: 49.92m @ 5,909 ppm TREO, 1m @ 22,115 ppm TREO
- 397 geochemical samples collected (stream sediment, soil, rock-chip); 401 outcrop observations
- Four high-priority exploration targets defined: Grota do Maquém, Agua Branca, Cruzeta, Caladão
- Cruzeta Target: lithium assays of 739 ppm, 1,217 ppm, 1,397 ppm Li; K/Rb ratios 23.84 to 36.42
- Project area lies within Eastern Brazilian Pegmatite Province (~150,000 km²), Minas Gerais hosts ~90%
- Infrastructure: sealed roads, high-voltage transmission line (Padre Paraiso-Governador Valadares 6) for reliable power
- Technical report reviewed by Qualified Person Beau Nicholls, BSc (Geo) FAIG
- Spark Energy Minerals focused on battery metals in Brazil, flagship project Arapaima in Lithium Valley
AI Summary:
- Brent Petterson resigned as CFO of Sego Resources Inc. for personal reasons
- Paul McGroary, Director, appointed as new CFO
- McGroary is also a director at Copper Lake Resources Ltd.
- McGroary has 30+ years experience in mining exploration, oil, and marketing technology sectors
- 500,000 options granted to a Director and Consultants at $0.08 exercise price to replace expiring options
- Sego owns 100% of the Miner Mountain Project
- Miner Mountain Project: copper-gold porphyry and gold exploration, 2,056 hectares, near Princeton, BC
- Project is 15 km north of Copper Mountain Mine (Hudbay Minerals Inc.)
- Memorandum of Understanding with Upper Similkameen Indian Band
- Received Award of Excellence for reclamation work on Miner Mountain Project
- Contact: J. Paul Stevenson, CEO, (604) 682-2933
AI Summary:
Opus One Gold Corp (TSX-V: OOR) announces winter drilling results from 100% owned Noyell project near Matagami, Abitibi, Québec
Drill hole NO-25-07: 4.22 g/t Au over 18.95 m (true width ~15 m) from 95.75 to 114.7 m, vertical depth ~80 m
NO-25-07 located between NO-25-01 (4.12 g/t Au over 7.3 m) and NO-25-03 (3.79 g/t Au over 6.7 m)
NO-25-08a: 2.34 g/t Au over 3.9 m (true width 3.25 m) from 523.9 to 527.8 m, vertical depth 475 m
NO-25-09: 2.32 g/t Au over 6 m (true width 5 m) from 80.8 to 86.8 m; also 6.63 g/t Au over 1.2 m (true width 1 m) in Zone 2
Zone 1 structure shows strong continuity, open at depth, weakening westward near surface
More assay results expected soon
Sample analysis: NQ core, fire assay (50g), ICP-OES finish, gravimetric finish for samples ≥10 g/t Au
QAQC: 1 control sample per 9 regular samples, includes certified blank and gold standards
Opus One Gold Corp focused on gold and base metals in Abitibi Greenstone Belt, Quebec and Ontario
Company to attend Mining Investment Event, Quebec City, June 3-5, 2025
Independent qualified person: Pierre O’Dowd, P.Geo, verified data
Contact: Louis Morin (CEO, 514-591-3988), Michael W. Kinley (CFO, 902-402-0388)
Photos and more info at www.OpusOneGold.com
AI Summary:
- Opus One Gold Corp (TSX-V: OOR) announces winter drilling results at 100%-owned Noyell project near Matagami, Abitibi, Quebec
- Drill hole NO 25-07: 4.22 g/t Au over 18.95 m (true width ~15 m) from 95.75 m to 114.7 m in Zone 1, vertical depth ~80 m
- NO 25-01: 4.12 g/t Au over 7.3 m; NO 25-03: 3.79 g/t Au over 6.7 m; strong continuity between these holes
- Drill hole NO 25-08a: 2.34 g/t Au over 3.9 m (true width 3.25 m) from 523.9 m to 527.8 m, vertical depth 475 m; structure remains open at depth
- Drill hole NO 25-09: 2.32 g/t Au over 6 m (true width 5 m) from 80.8 m to 86.8 m in Zone 1; 6.63 g/t Au over 1.2 m (true width 1 m) in Zone 2; Zone 1 weakens westward near surface
- Additional assay results pending
- Noyell project benefits from accessibility and proximity to services
- Opus One to attend The Mining Investment Event, Quebec City, June 3-5, 2025
- QAQC: NQ core, samples processed at Technominex (Rouyn-Noranda), analyzed at AGAT labs (Val-d'Or, Canada), fire assay (50 g) with ICP-OES finish, gravimetric finish for samples >10 g/t Au; control samples inserted every 9 regular samples
- Opus One assets in Val-d'Or, Matagami, Baie James, Abitibi greenstone belt (Quebec, Ontario)
- Data verified by independent qualified person Pierre O’Dowd, P.Geo
- Forward-looking statements subject to risks and uncertainties as per Canadian securities law
- Contact: Louis Morin (CEO) +1 514-591-3988, Michael W. Kinley (President/CFO) +1 902-402-0388, info@OpusOneGold.com
- Photos and further info: www.OpusOneGold.com
AI Summary:
- CEO.CA is the leading investor social network for junior resource and venture stocks
- Founded in 2012; wholly owned subsidiary of EarthLabs, Inc.
- Millions of annual visitors from over 164 countries
- Popular free financial website and app in Canada and globally for small-cap investors
- 'Inside the Boardroom' series features executive interviews, including Mathew Wilson, CEO of Sterling Metals Corp. (TSXV: SAG) (OTCQB: SAGGF)
- Copper discoveries in North America are increasingly rare; demand expected to outpace supply; price targets trending higher
- CEO.CA offers hundreds of executive interviews; weekly episodes
- Contact: hello@ceo.ca; website: CEO.CA
- No stock exchange or regulatory authority has approved/disapproved the release
- Forward-looking statements include risks: capital/operating costs, market changes, commodity price fluctuations, regulatory delays
- CEO.CA app available on iOS and Android
- Newsfile Corp. distributes press releases globally; founded on customer service and technology innovation
AI Summary:
- Additional underground pumping infrastructure installed; water levels set to stabilize
- Phase 1 and 2 concentrators operating at ~50% combined capacity, processing surface stockpiles
- Western side of Kakula Mine to restart underground mining later in June, subject to dewatering
- Western side supported by over 1,000 litres/second operational pumping capacity
- Stage One dewatering complete; total underground pumping capacity now ~4,400 litres/second
- Stage Two underway: four high-capacity surface pumps (each 650 litres/second) ordered; installation expected within 90 days
- Additional pumps to be ordered for long-term infrastructure
- Ore from western side to feed concentrators once operations restart
- Eastern side to restart after dewatering completion
- Over 18 months of underground development completed ahead of mine plan
- Kamoa underground mine and Phase 3 concentrator operations unaffected
- Ivanhoe Mines to release reopening and restart plans for western and eastern sides next week
- Ivanhoe Mines projects: Kamoa-Kakula Copper Complex (DRC), Kipushi zinc-copper-germanium-silver mine (DRC), Platreef platinum-palladium-nickel-rhodium-gold-copper Mine (South Africa)
- Exploration licences in Western Forelands (54-100% owned), area >6x size of Kamoa-Kakula Copper Complex
- Forward-looking statements note risks: water ingress, equipment procurement speed, seismic activity, underground infrastructure, mine stability, mining methods, regulatory changes
AI Summary:
- St. Augustine Gold and Copper Limited (TSX: SAU) to convert CAD$1,670,207 debt owed to Queensberry Mining and Development Corp. into 25,306,166 common shares
- Deemed issue price: CAD$0.066 per share
- After conversion, Queensberry to hold 525,763,405 common shares, representing approximately 52.0% of issued and outstanding shares
- Debt Conversion expected to close on or about June 9, 2025, subject to Toronto Stock Exchange approval
- Transaction classified as "related party transaction" under MI 61-101, but exempt from minority shareholder approval and formal valuation as it is less than 25% of market capitalization
- No material change report filed 21 days prior as no agreement was in place
- St. Augustine focused on King-king Copper-Gold Project, one of the world's largest undeveloped copper-gold deposits, top three-priority mining project by Philippine government
- Company headquarters: No. 21, Greenwood Lane, Singapore, 286949
- Investor contact: Lenna Mae Leopoldo, +6382 225 0884, lleopoldo@kingking.ph
AI Summary:
- Brazil Potash (NYSE-American: GRO) advancing Autazes Potash Project in Manaus, Brazil
- Management attending Wells Fargo Industrials Conference on June 10, 2025, Chicago
- 2025 achievements: commercial agreements, board appointments, construction progress, enhanced capital access
- Brazil imports over 98% of potash needs (2025); over 95% imported in 2021
- Initial planned annual potash production: up to 2.4 million tons
- Potential to supply ~20% of Brazil’s current potash demand
- Partnership with Amaggi for low-cost river barge transport
- Anticipated 100% of production to be sold domestically
- Project could mitigate ~1.4 million tons/year of GHG emissions
- Brazil Potash aims to strengthen agricultural security and reduce import reliance
AI Summary:
- Brazil Potash Corp. (NYSE-American: GRO) relatou conquistas significativas em 2025
- Participação na Conferência Industrial Wells Fargo em 10 de junho de 2025, Chicago
- Brasil importa mais de 98% de suas necessidades de potássio atualmente
- Em 2021, Brasil importou mais de 95% do fertilizante de potássio consumido
- Projeto Autazes visa produção inicial de até 2,4 milhões de toneladas de potássio/ano
- Potencial para suprir aproximadamente 20% da demanda atual de potássio do Brasil
- 100% da produção planejada será vendida no mercado doméstico
- Parceria logística com Amaggi para transporte fluvial de baixo custo
- Projeto pode mitigar cerca de 1,4 milhão de toneladas/ano de emissões de GEE
- Avanços em governança, liderança, acordos comerciais, construção e acesso a capital
- Foco em segurança agrícola e redução da dependência de importações
AI Summary:
- Searchlight Resources Inc. (TSXV: SCLT, OTC Pink: SCLTF) entered agreement with Canadian Gold Corp. (CGC) to option Flin Flon North project
- Total compensation: $130,000 cash, $200,000 in CGC shares
- Flin Flon North project: 5 claims, 5,644.6 hectares, located 10 km north of Flin Flon, Manitoba
- Searchlight assigning 100% interest in GEM Option to CGC
- Payments over 4 years; 25% to GEM Oil, 75% to Searchlight
- Searchlight actively exploring Bootleg Lake and Robinson Creek gold properties in Flin Flon district (advanced exploration, drill-ready targets)
- Canadian Gold Corp. objective: expand high-grade gold resource at Tartan Mine, Flin Flon, Manitoba
- Tartan Mine (2017 estimate): 240,000 oz gold indicated (1,180,000 tonnes at 6.32 g/t), 37,000 oz gold inferred (240,000 tonnes at 4.89 g/t)
- Canadian Gold holds 100% interest in greenfields properties in Ontario and Quebec, adjacent to Canadian Malartic Mine (QC), Hemlo Mine (ON), Hammond Reef Project (ON)
- McEwen Mining Inc. holds 5.7% interest in Canadian Gold; Robert McEwen holds 32.9% interest
- Searchlight focused on battery minerals and gold in Saskatchewan, Canada
- Qualified Person: Stephen Wallace, P.Geo.
AI Summary:
- Moon River Moly Ltd. (TSXV: MOO, OTCQB: MRIVF) engaged Independent Trading Group (ITG) for market-making services
- Subject to regulatory approval
- ITG to trade shares on CSE, Cboe Canada, TSXV, and other venues
- Objective: maintain reasonable market, improve liquidity of common shares
- ITG compensation: CAD$6,500 per month, payable monthly in advance
- Agreement: initial 1-month term, auto-renews monthly, 30 days' notice for termination
- No performance factors, no shares or options as compensation
- ITG and Moon River are unrelated, ITG holds no interest in company securities
- ITG: Toronto-based, established 1992, specializes in market making, liquidity, agency execution, algorithmic trading
- Moon River: Canadian resource company, focused on Davidson Property (large molybdenum-tungsten deposit, near Smithers, BC)
- Holds 25% of Endako Mine Complex, one of largest molybdenum mines in North America, also in BC
- Contact: Paul Parisotto, President/CEO/Director, (416) 800-1753, info@moonrivermoly.com
- Forward-looking statements included; subject to risks and uncertainties
- Source: https://www.newsfilecorp.com/release/254164
AI Summary:
Shoqan School first educational organization in Kazakhstan to issue bonds
Bond issue totals 1 billion tenge
Par value per bond: 1,000 tenge
Bond maturity: 3 years
Annual yield: 21%, payable quarterly
Bonds listed on KASE alternative trading platform May 22, 2025
Trading started May 28, 2025
School founded in Almaty in 2020 by Kenges Rakishev and Aselle Tasmagambetova
Currently educates over 1,200 pupils
Non-profit, emphasizes personalized learning
February 12, 2024: founders announced full scholarships for students admitted to top-ten global universities (Times Higher Education ranking)
2025: three students admitted to Harvard University and University of California, Berkeley under Mentoring Program
Kenges Rakishev: Chairman of Fincraft Group, majority shareholder of Fincraft Resources, on Kazakhstan's Forbes List since 2012
Teníz Capital Investment Banking acted as financial advisor on bond placement
AI Summary:
- CEO.CA: leading investor social network in venture stocks
- Founded 2012; wholly owned by EarthLabs, Inc.
- Millions of annual visitors from over 164 countries
- Focus Graphite (TSXV: FMS, OTCQB: FCSMF, FSE: FKC0): 16 years of development; preparing to send graphite to space; aiming to be one of North America's natural graphite producers
- 'Inside the Boardroom': weekly executive interview series
- CEO.CA app available on iOS and Android
- CEO.CA: industry-leading audience engagement and mobile functionality
- No responsibility assumed for issuer-provided information accuracy
- Forward-looking statements subject to risks: capital/operating costs, financing, approvals, commodity prices, market changes
- Newsfile Corp.: accredited business news source, customer-first newswire
- Copyright 2025 Newsfile Corp.
AI Summary:
- Equity Metals Corporation (TSXV: EQTY) commenced drilling on Arlington property, southern British Columbia
- Up to 3,000 metres of drilling planned targeting three Au-Ag-As-in-soil anomaly clusters in south Fresh Pots area
- Additional surface sampling and mapping planned for north Fresh Pots, Rona, and new claims
- Work ongoing through June and early July 2025
- 2025 exploration program fully funded, began January 2025
- Completed airborne magnetic/radiometric, Lidar, and DCIP geophysical surveys
- Fresh Pots target: 800m x 2,000m Au in-soil anomaly, on trend with Rona showing
- 2,271 soil samples collected over Fresh Pots and Rona; 75 samples >100ppb Au, 8 samples >1 ppm Au (1g/t Au)
- Arlington property size: 5,387 hectares
- Fresh Pots anomaly characterized by magnetic low, elevated K/Th radiometric signature
- Equity Metals owns 100% of Silver Queen project (no royalty), Omineca Mining Division, BC
- Silver Queen hosts high-grade precious/base-metal veins, resource on four veins, expansion drilling planned 2025
- JV interest: 57.49% in Monument Diamond project, NWT, 40 km from Ekati and Diavik mines
- Option to acquire 100% of Arlington Property, Boundary District, south-central BC
- VP Exploration: Rob Macdonald, MSc. P.Geo
- President/Director: Joseph Anthony Kizis, Jr., P.Geo
- Contact: www.equitymetalscorporation.com, 604.641.2759, corpdev@mnxltd.com
AI Summary:
- Mogotes Metals Inc. (TSXV: MOG, FSE: OY4, OTCQB: MOGMF) announces non-brokered private placement
- Up to 75,000,000 units offered at $0.20 per unit
- Aggregate gross proceeds up to C$15,000,000
- Each unit: 1 common share + 0.5 common share purchase warrant
- Each whole warrant: exercise price $0.40 per share, valid for 2 years from closing
- Proceeds to fund exploration, Filo Sur property development, and working capital
- Braun family (Argentina) subscribes for C$9,000,000, becoming significant shareholder
- Carlos Braun joins Mogotes board of directors
- Investor rights agreement with Braun family includes:
- Pre-emptive right to participate in future equity financings (while holding ≥5%)
- Top-up right if stake diluted by ≥2%
- Option to increase holdings up to 19.9% within 5 years
- Right to nominate 1 director (while holding ≥5%)
- Securities in Canada/US subject to 4-month+1 day hold period; no statutory hold for certain international investors
- Offering subject to regulatory approvals, including TSX Venture Exchange
- Mogotes Metals explores copper and gold in Vicuña district, Argentina/Chile; flagship project Filo Sur adjacent to Filo del Sol discovery
AI Summary:
- Koulou Gold Corp. closed a non-brokered private placement raising $13,041,529 CAD
- 31,051,260 shares sold at $0.42 per share in three tranches (April 17, April 25, May 15, 2025)
- Shares not listed on any exchange; subject to indefinite hold period (per NI 45-102)
- Cash finder's fees paid: $306,157; 207,470 common shares issued at $0.42 per share to finders (Haywood Securities Inc., 3L Capital Inc.)
- Proceeds to fund Côte d'Ivoire exploration, business development, working capital
- 2025 exploration plan includes:
- Assuéfry Project (PR 0967, 335.88 km²): ~13,000 soil samples, geophysical surveys, up to 20,000m drilling
- Sakassou Project (PR 0944, 396.91 km²): up to 18,000m drilling; Bravo zone (1.3km x 160m), previous drill result 33.0m @ 2.38 g/t Au (BWRC-014)
- Kouto Project (PR 916, 298.46 km²): advanced from greenfield to 10km x 5km gold-in-soil anomaly
- Bokro Project (PR 0975, 399.88 km²): systematic, phased exploration planned
- Capital also allocated for business development, new permits, project evaluations/acquisitions, Ghana exploration
- Qualified Person: Dr. Arnaud Fontaine, P.Geo. (APGO no. 3570), PhD.
- Koulou Gold: private mineral exploration company, Vancouver-based, focused on West Africa
- Holds option to earn up to 100% interest in Sakassou Project, Côte d'Ivoire; additional licence in Syama–Boundiali greenstone belt
- CEO: Alex Ruggieri; President: Désiré Aboukan
- Contact: alex@koulougoldcorp.com, +1 778 888 4986
AI Summary:
- Dynasty Gold Corp. announces up to 5,000-meter drill program for 2025 at 100% owned Thundercloud gold property
- Up to 3,000 meters drilling in Pelham Zone to upgrade NI 43-101 open-pit Mineral Resource Estimate (MRE)
- Focus on down-dip and lateral extensions of high-grade gold mineralization, especially eastern extent
- Previous drilling since 2022: 8.4 g/t gold over 73.5m, including 3m at 151.65 g/t
- Up to 2,000 meters drilling south of Pelham in 2024 to extend mineralization in unexplored areas
- Thundercloud property located 47 km southeast of Dryden, northwestern Ontario, in Archean Manitou-Stormy Lakes Greenstone Belt
- Pelham Zone mineralization: sub-horizontal, north-easterly plunging body within north-dipping shear zone; gold found in basalt, gabbro, conglomerate
- Gold associated with sulphides (mainly pyrite); higher pyrite content = increased gold
- Airborne magnetic surveys and IP chargeability used to identify mineralization zones
- Dynasty’s 7,400 meters of drilling expanded resource size and grade (internal model)
- 2022 drone-based magnetic survey aligns Pelham MRE Zone with magnetic high anomaly
- 2024: TC24-06 drill hole 1 km south of Pelham intersected several percent pyrite with anomalous gold values
- 2,000 meters drilling planned in southern high-IP-chargeability zones for 2025
- Geological mapping and geophysical data integration to refine drill targets for 2025
- New exploration targets identified for Contact Zone for follow-up in 2025 summer/fall
- Dynasty Gold Corp. also owns Golden Repeat gold project in Midas gold camp, Elko County, Nevada
- NI 43-101 Independent Technical Report dated September 27, 2021 available on company website and SEDAR
AI Summary:
- Ucore Rare Metals Inc. executed definitive contract for US$18.4 million first-stage production award from U.S. Department of Defense (DoD)
- Total funding under existing OT Agreement with U.S. Army Contracting Command-Orlando now US$22.4 million (approx. CA$30.7 million)
- DoD funding is non-repayable
- US$18.4 million award to support construction of first commercial RapidSX™ machine and infrastructure at Strategic Metals Complex (SMC), Alexandria, Louisiana
- Initial OT Agreement (June 2023): US$4 million award from DoD
- Amended OT Agreement signed May 22, 2025, adds US$18.4 million
- Groundbreaking ceremony for SMC held May 29, 2025, attended by local, state, federal, and DoD representatives
- SMC facility planned at 80,800 square feet, located in England Air Park (Foreign Trade Zone), Alexandria, Louisiana
- SMC to process and refine rare earth oxides from concentrates sourced from U.S.-friendly countries
- Target for commercial production of separated, salable rare earth oxides in 2026
- Additional government support: CA$4.28 million from Government of Canada (announced Nov 20, 2023) for RapidSX™ demonstration
- Non-binding Letter of Intent with Louisiana Economic Development for state incentives valued at US$15 million
- CA$500,000 awarded in partnership with Ontario's Critical Minerals Innovation Fund
- Ucore listed on TSXV (UCU) and OTCQX (UURAF)
- Company aims to disrupt China's control of North American rare earth supply chain with SMCs in Louisiana, Canada, Alaska, and Bokan-Dotson Ridge project in Alaska
- Awaiting further U.S. executive action support following April 15 Executive Order and Section 232 investigation into critical minerals
- All funding awards are non-dilutive and non-repayable
- Forward-looking statements caution actual results may differ due to various risks and uncertainties
AI Summary:
- 3 diamond drills operating, 4th drill rig on site at RC Gold Project
- 30,000 metre drilling campaign planned for 2025, fully funded
- Drilling campaign more than doubles total drilling since 2020
- Hole 76 extended from 810.8 m to 944.9 m, deepest at Blackjack; visible gold observed at 859.2 m
- Visible gold observed in all drill holes so far in 2025
- First-ever visible gold observed at Eiger deposit in holes 78 and 79
- Drilling focused on expanding Blackjack and Eiger deposits, exploring Saddle zone (largest gold-in-soil anomaly)
- Saddle zone: previous drilling intersected 84.0 m of 1.21 g/t gold (Hole 54, 2023), 29.0 m of 0.68 g/t gold (Hole 53, 2023)
- RC Gold Project: 431 sq km land package, 100 km east of Dawson City, Yukon
- Mineral resources:
- Blackjack: 1,291,000 oz gold in 39,962,000 t @ 1.01 g/t (indicated), 1,044,000 oz in 34,603,000 t @ 0.94 g/t (inferred)
- Eiger: 440,000 oz gold in 27,362,000 t @ 0.50 g/t (inferred)
- Gold recoveries up to 94% with minimal NaCN consumption
- 73 diamond drill holes completed to date, totaling ~25,851 m
- 2023 Blackjack results: up to 219.0 m of 1.34 g/t gold, including 124.8 m of 2.01 g/t and 55.0 m of 3.11 g/t (Hole 47)
- 2024 Blackjack results: up to 678.1 m of 1.04 g/t gold from surface (Hole 68), including 409.5 m of 1.36 g/t, 93.0 m of 2.57 g/t, 5.5 m of 17.59 g/t
- 2025 winter drilling (Hole 75): 352.8 m of 1.55 g/t gold, including 108.9 m of 3.27 g/t and 45.0 m of 4.52 g/t
- RC Gold Project deposits are open pit minable, heap leach amenable
- Sitka Gold: over $24 million in treasury, no debt
- OGI Property (Yukon): amendment eliminates $2.5M work requirement for 300,000 shares and $50,000; $550,000 spent to date; Sitka to own 100%
- Burro Creek Property (Arizona): amendment eliminates $4M work requirement for 2,000,000 shares and $100,000; $1.2M spent to date; 1,000,000 share payment due Sept 2025; Sitka to own 100%
- Sitka Gold advancing Alpha Gold Project (Nevada), Burro Creek Gold & Silver Project (Arizona), Coppermine River Project (Nunavut) – all 100% owned
AI Summary:
- CEO.CA: leading investor social network for junior resource and venture stocks
- Founded 2012; wholly owned by EarthLabs, Inc.
- Millions of annual visitors; users from over 164 countries
- Popular free financial website and app in Canada and globally for small-cap investors
- Industry-leading audience engagement and mobile functionality
- Media partner at global investor events; covers companies shaping mining's future
- Featured executive: Maura Kolb, President of Dryden Gold Corp.
- Dryden Gold (TSXV: DRY) (OTCQB: DRYGF): breakthrough structural discoveries, new high-grade targets, geological model aligns with historic mines, new drilling opportunities
- 'Inside the Boardroom': weekly executive interview series, hundreds of interviews available
- App available on iOS and Android
- Contact: hello@ceo.ca
- Caution: forward-looking statements involve risks, uncertainties, possible differences in actual results
- No stock exchange or regulatory approval/disapproval of content
- Newsfile Corp.: distributes press releases and regulatory disclosures globally
- Copyright 2025 Newsfile Corp.
AI Summary:
- Canadian Gold Corp. (TSXV: CGC) entered assignment agreement with Searchlight Resources Inc. dated May 28, 2025
- Canadian Gold acquires option to purchase 100% of Flin Flon North property, adjacent to Tartan Mine and Tartan West property
- Company’s control along Tartan Lake Shear Zone expanded from 8 km to 29.5 km
- Plans to begin exploration at Flin Flon North in 2025 field season: mapping, prospecting, sampling, followed by trenching, stripping, diamond drilling
- Option terms: payments over four years (details not specified), subject to TSX Venture Exchange approval, 2.0% NSR royalty applies
- Settlement of 1,125,000 stock options with two directors for $114,375 cash; funded from working capital; no re-granting of options planned
- Tartan Mine 2017 resource estimate: 240,000 oz gold indicated (1,180,000 tonnes @ 6.32 g/t), 37,000 oz gold inferred (240,000 tonnes @ 4.89 g/t)
- McEwen Mining Inc. holds 5.7% interest in Canadian Gold; Robert McEwen holds 32.9% interest
- Canadian Gold also holds 100% interest in greenfields properties near Canadian Malartic Mine (QC), Hemlo Mine (ON), Hammond Reef Project (ON)
- Qualified Person: Wesley Whymark, P. Geo.; historical data not fully verified, exploration potential highlighted
- Searchlight Resources Inc. (TSXV: SCLT, OTCQB: SCLTF) focused on Saskatchewan, battery minerals, gold
- Related party transaction for stock option settlement exempt from formal valuation and minority shareholder approval (transaction <25% of market cap)
- Contact: Michael Swistun, CFA, President & CEO, (204) 232-1373, info@canadiangoldcorp.com
AI Summary:
- Rush Rare Metals Corp. (CSE: RSH) provides exploration updates for Boxi Property (Quebec) and Copper Mountain Property (Wyoming)
- Boxi Property: over 8,000 hectares, road accessible, near Mont Laurier, Quebec
- Boxi formerly held by Areva S.A. (now Orano); dropped after Fukushima (2013) and Quebec uranium moratorium
- Rush acquired Boxi for niobium potential; niobium is a Canadian critical mineral
- Only 3 significant niobium mines globally: 2 in Brazil, 1 (Niobec Mine) 350 km from Boxi
- New exploration at Boxi to focus on: Target Area 1 (dyke near main road), Target Areas 2a/2b (pegmatite near Lac Leon), Target Area 3 (historic 1969 radiometric anomaly)
- Exploration aims to expand sampling/mapping for niobium and rare earth elements
- Copper Mountain Property: uranium prospect in Wyoming, held 50% by Rush and Myriad Uranium Corp.; Myriad can earn additional 25% via option agreement
- Myriad's recent progress includes higher/larger uranium mineralization from Fall 2024 drill campaign
- U.S. Executive Orders (May 23, 2025): quadruple nuclear capacity by 2050, streamline permitting, restart full fuel cycle, invest in advanced reactors, expand uranium mining/enrichment
- Rush issued 465,000 stock options to officers/directors, exercisable at $0.11/share for 5 years, vest immediately
- Stock options exempt from formal valuation/minority approval under MI 61-101; no prior relevant valuations in past 24 months
- Rush: 100% interest in Boxi Property, 50% interest in Copper Mountain Project
- Contact: Peter Smith, CEO, psmith@rushraremetals.com, 778.999.7030
- Forward-looking statements caution included
AI Summary:
Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) signed Sale and Purchase Agreement with COMIBOL, Bolivian state-owned mining company
Agreement to acquire up to 7 million tonnes of oxide ore from mining concessions in Bolivia
Ore located within 250 km radius of San Bartolome processing facility
Agreement effective for 10 years
Initial advance purchase: 250,000 tonnes of oxide ore
Subsequent purchases in tranches of 50,000 tonnes each
Andean to assume all operating costs incurred by COMIBOL for mining oxide ore
Mill nameplate capacity: 5,000 tonnes per day
No/minimal capital investment required for increased processing
Agreement aims to improve silver production profile and support local communities in Potosi region
Andean operates San Bartolome facility (Bolivia) and Golden Queen mine (California)
Company is well-funded for future growth opportunities
Environmental permits and social licenses required before operations begin
AI Summary:
- Magma Silver Corp. (TSXV: MGMA, FSE: BC21, WKN: A411DV) signed consulting agreement with Daniel Schaad
- Daniel Schaad to conduct media awareness campaigns in Europe, targeting German and European markets
- Agreement term: 3 months, starting June 2, 2025
- Compensation: CAD$12,600
- Agreement conditionally approved by TSX Venture Exchange
- Daniel Schaad holds no securities or rights to acquire securities of Magma Silver Corp.
- Daniel Schaad: capital markets expert since 2004, involved in 15 takeover transactions, operates explorercheck.com, publishes on wallstreet-online.de
- Magma Silver Corp.: natural resource company focused on precious metal mining, main project is Niñobamba silver gold project in Peru
- Contact: Jason Baker, CFO, +1-604-252-2672, info@magmasilver.com
- Forward-looking statements included; subject to risks and uncertainties
- No assurance on future results or benefits from the agreement
AI Summary:
- Auric Minerals Corp. (CSE: AUMC), based in Oakville, Ontario
- Satisfied first payment for 100% interest in Portage uranium property, Central Mineral Belt, Labrador
- Issued 2,000,000 common shares to assignor at CAD$0.47 per share
- Shares have no hold periods or transfer restrictions
- Auric holds options over uranium properties: Route 500, Bub, Portage (Labrador); Caboose, Manic, Kawip (Quebec); Goodeye (British Columbia)
- Contact: Chris Huggins, CEO, (604) 968-4844, chris@greenwood.capital
AI Summary:
5-year exploration permit received from Saskatchewan Ministry of Environment for Otherside uranium property, valid until April 30, 2030
Permit allows diamond drilling, airborne and ground geophysical surveys, temporary work camp
Otherside property located 34 km south of Fond du Lac, Athabasca Basin, northern Saskatchewan
2025 exploration program to focus on high-potential targets from 2024 Airborne Gravity Gradiometer and Magnetometer Survey
Key target: 49 km-long electromagnetic (EM) conductor with variable offsets and bends, similar to NexGen Energy's "Arrow" and Paladin Energy's "Triple R" uranium deposits
Otherside property area: 10,441.88 hectares, 100% owned by Appia
Appia holds rights to acquire up to 70% interest in PCH Ionic Adsorption Clay Project (42,932.24 ha) in Goiás State, Brazil
Appia surface rights for exploration: 94,982.39 hectares (234,706.59 acres) in Saskatchewan
100% interest in 13,008 hectares (32,143 acres) in Elliot Lake Camp, Ontario
Shares outstanding: 153 million; fully diluted: 177 million
Technical content reviewed by Dr. Irvine R. Annesley, P.Geo., Qualified Person under NI 43-101
AI Summary:
- EMX Royalty Corporation (NYSE American: EMX, TSXV: EMX) sold its Nordic operational platform to First Nordic Metals Corporation (TSXV: FNM)
- Sale includes infrastructure, exploration equipment, and employees in Nordic countries
- EMX to receive total payments of 3.25 million SEK (approx. US$335,000) over two years, split equally between cash and FNM shares
- EMX retains existing royalty portfolio in Nordic region (generated over 15 years)
- EMX granted 1% net smelter return (NSR) royalty on new FNM projects in Sweden and Finland for five years
- Transaction reduces EMX’s operational and administrative expenses
- FNM gains operational capacity for Gold Line (Sweden) and Oijärvi (Finland) gold projects
- FNM’s Barsele gold project (Sweden) is a joint venture with Agnico Eagle Mines; FNM owns 100% of Paubäcken and Storjuktan (total ~100 km strike coverage of Gold Line belt)
- FNM owns 100% of Oijärvi greenstone belt (Finland), including Kylmäkangas deposit (largest gold occurrence on belt)
- EMX shares listed on NYSE American and TSX Venture Exchange under "EMX"
- Forward-looking statements caution regarding risks, uncertainties, and actual results differing from projections
AI Summary:
- Viva Gold Corp (TSXV: VAU, OTCQB: VAUCF) participating in 121 Mining Investment Conference, New York City
- Conference dates: June 9-10, 2025
- Over 110 mining companies, more than 650 investors attending
- Event features pre-arranged 1-2-1 meetings, expert commentary, market intelligence
- 121 Mining Investment events held globally: London, New York, Cape Town, Singapore, Dubai, plus online editions
- Viva Gold’s Tonopah project located in Western Nevada, near Round Mountain mine
- Tonopah project: high confidence gold mineral resource, work started in 2018
- Resource model update and feasibility study planned for 2025
- CEO James Hesketh: 40 years mining experience, led development of 8 mines
- Tonopah project: open pit, heap leach/mill, early access to high grade mineralization, tested gold recovery, key infrastructure
- Supported by compelling economic PEA study
- Viva Gold: ~145.5 million shares outstanding
- Trades on TSXV “VAU”, OTCQB "VAUCF", Frankfurt "7PB"
- Supported by several institutional shareholders
- Committed to environmentally and socially responsible development
AI Summary:
- Sun Summit Minerals Corp. (TSXV: SMN, OTCQB: SMREF) closed a non-brokered private placement
- Issued 40,868,432 charity flow-through units at $0.105 each
- Issued 33,832,770 flow-through units at $0.075 each
- Issued 47,338,602 non-flow-through units at $0.07 each
- Aggregate gross proceeds: $10,142,345 (up from initial $3.5 million target)
- Partial exercise of over-allotment option
- Funds to support 5,000-metre drill program at JD property in summer 2025 (double 2024’s program)
- Drill focus: Creek-to-Finn corridor, expansion at Creek and Finn targets, new targets
- Each unit includes one share and either one or half a warrant; warrants exercisable at $0.11 until May 30, 2027
- $304,749 aggregate cash finder's fees paid; $112,456 settled via 1,606,515 NFT units
- 4,040,736 non-transferable finder warrants issued, exercisable at $0.11 until May 30, 2027
- Securities subject to hold period until October 1, 2025
- 6,000,000 restricted share units (RSUs) granted to directors, officers, advisors, consultants; 24-month vesting, 50% after 12 months
- Investor relations agreements:
- INN: 12 months from April 30, 2025, CAD$50,000
- Amvest: 6 months from May 12, 2025, USD$42,000
- Market One: 12 months from May 21, 2025, CAD$104,000
- StreetWise: 6 months from May 21, 2025, USD$90,000
- Departures: 6-12 months from May 2, 2025, CAD$21,000
- Investor Events: 12 months from May 30, 2025, $7,500/month
- Proceeds to be used for exploration at JD, Theory, Buck properties, and general working capital
- All agreements and placements subject to TSXV approval
- Company focused on gold and copper exploration in British Columbia (JD, Theory, Buck projects)
AI Summary:
- Denarius Metals Corp. commenced consent solicitation for amendments to trust indentures for convertible unsecured debentures
- CA$19.5 million principal of debentures due October 19, 2029 (2023 Indenture)
- CA$14.0 million principal of debentures due May 30, 2024 (2024 Indenture)
- Both debenture series bear 12% annual interest, paid monthly
- Amendments allow monthly interest and quarterly gold premium payments in common shares (at no less than market price), subject to Cboe Canada acceptance
- Consent of at least 66 2/3% of outstanding principal required for each indenture
- Consent solicitation deadline: June 13, 2025 (can be extended); amendments effective June 18, 2025 if approved
- Consent fee: 2% of debentures held, paid in additional debentures (not cash), subject to 4-month+1 day hold
- Directors and management to receive CA$171,523 in consent fees if amendments approved
- Zancudo Project (Colombia): mining operations started April 2025; first ore shipment to Trafigura in June; targeting 500 tonnes/day mining rate by early 2026; processing plant targeted for operation by end of 2025
- Amendments aim to preserve cash during ramp-up by using shares for payments through May 31, 2026
- Spain: 21% interest in Rio Narcea Recursos, S.L. (Aguablanca Project, 5,000 tpd plant, nickel-copper mine); 100% interest in Lomero Project (polymetallic, Iberian Pyrite Belt); 100% interest in Toral Project (zinc-lead-silver, Leon Province)
- Company trades on Cboe Canada (DMET) and OTCQX (DNRSF)
- Further info: www.denariusmetals.com and SEDAR+
AI Summary:
- Dr. Rebecca Hunter appointed President, CEO, and Director of Forum Energy Metals Corp. effective June 1, 2025
- Richard Mazur, founder and CEO for 20 years, appointed Chairman of the Board
- Allan Fabbro appointed to Board of Directors; over 30 years' experience in finance and mining
- Anthony Balme (founder and Chairman) and Michael Steeves retire from Board of Directors
- Dr. Hunter previously VP Exploration; led Turqavik-Aberdeen project for Cameco (2005-2012)
- Fabbro formerly Lead Director of Roxgold Inc.; helped raise over $60 million in equity financing
- Stock options granted for up to 1,400,000 common shares, exercisable by June 2, 2030 at $0.055 per share
- Forum Energy Metals focused on high-grade uranium deposits in Athabasca Basin (Saskatchewan) and Thelon Basin (Nunavut)
- Contact: Dr. Rebecca Hunter, President & CEO, Tel: 604-630-1585
AI Summary:
- ATEX Resources Inc. (TSXV: ATX) released full assay results for drill hole ATXD28, sixth hole of Phase V at Valeriano Copper-Gold Project, Atacama Region, Chile
- Phase V: ~16,600 metres drilled, 9 holes completed (ATXD16B, 22C, 23A, 23B, 25A, 25B, 27A, 28, 29)
- 5 additional holes (ATXD22D, 25C, 27B, 28A, 29A) partially completed, to resume in Phase VI
- 7 holes with pending assay results (ATXD25C, 27B, 29A, 22C, 25B, 22D, 28A)
- Directional drilling saved ~9,200 metres compared to conventional methods
- Phase VI drilling to begin as early as September 2025
- Updated Mineral Resource Estimate expected H2 2025
- Valeriano Project Mineral Resource: 1.41 billion tonnes at 0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag, 63.80 g/t Mo)
- Higher-grade core: 200 million tonnes at 0.84% CuEq (0.62% Cu, 0.29 g/t Au, 1.25 g/t Ag, 55.7 g/t Mo)
- 400,000 stock options granted to an officer, exercise price C$2.20, 5-year term
- Project aims: delineate high-grade B2B breccia zone, infill/extensional drilling along high-grade porphyry trend
- Assay results for remaining Phase V holes to be released through July
- QA/QC protocols in place; no data quality issues reported
- Project located in the "Link Belt" between El Indio and Maricunga belts, Atacama Region, Chile
- Qualified Person: Ben Pullinger, P.Geo., President & CEO of ATEX
AI Summary:
- Endurance Gold Corporation (TSXV: EDG) engaged Rayleigh Capital Ltd. for investor relations services
- Service period: June 1, 2025 to May 31, 2026 (or until terminated)
- Rayleigh specializes in junior and small cap companies, services North America and Europe
- Rayleigh remuneration: US$3,500 per month
- Rayleigh granted 100,000 stock options at $0.21 per share, 2-year term
- Freeform Communications Inc. granted additional 50,000 stock options at $0.21 per share, 2-year term
- Freeform remuneration: C$3,000 per month
- Options subject to TSX Venture Exchange approval and vesting policies
- Freeform engaged by Endurance since February 2020
AI Summary:
- Nickel 28 Capital Corp. (TSXV: NKL, FSE: 3JC0) holds 8.56% joint-venture interest in Ramu Nickel-Cobalt operation
- Ramu operated by China Metallurgical Group Corporation (MCC), which with partners owns 85.0%
- Upon repayment of construction debt to MCC, Nickel 28’s interest increases to 11.3% at no cost
- Option to purchase additional 9.25% interest after debt repayment, potentially increasing stake to 20.55%
- Updated mineral resources and reserves based on exploration in 2024, effective date December 31, 2024
- Increase in total mineral resources attributed to additional drilling in Areas 3 and 4
- Estimates prepared under Australasian JORC Code, not NI 43-101 standards
- Ramu is a producing, long-life operation in Papua New Guinea
- Nickel 28 manages a portfolio of 10 nickel and cobalt royalties in Canada, Australia, and Papua New Guinea
- MCC Ramu Nico Ltd. is 67.02% owned by MCC, operator is Ramu NiCo Management (MCC) Limited
- No known legal, political, or environmental risks affecting Ramu’s mineral reserves/resources
- Technical report with detailed data to be filed, current NI 43-101 technical report dated October 25, 2019
- Forward-looking statements caution: actual results may differ due to risks and uncertainties
- Contact: Nickel 28 Investor Relations, Brett Richards, +1 905 449 1500, info@nickel28.com
AI Summary:
- Chakana Copper Corp. (TSXV: PERU) updates on La Joya project, Ancash, Peru
- All property payments eliminated; share structure consolidated
- Focus on three target areas: La Joya (HSE), Mega-Gold, Compañero
- La Joya project under option agreement with Barrick Gold; no property payments
- 2025 exploration plan: 1,900 m drilling at La Joya (HSE), 400 m at Mega-Gold PT-1 target
- La Joya (HSE) alteration zone: 700 m north-south, elevation ~4,500 m
- Surface samples: up to 1,300 gpt silver, 0.36 gpt gold
- 2024 drilling at La Joya: 3 holes, 465.5 m total
- Best intercept: LJDH24-002, 323.6 gpt silver, 0.25 gpt gold over 4.5 m from 58.0 m depth; includes 0.75 m at 1,005.0 gpt silver, 0.45 gpt gold
- Mega-Gold intrusive center: 2.5 km², gold in soil anomaly, tourmaline breccias, advanced argillic alteration
- 2024 Mega-Gold drilling: 8 holes, 2,425.2 m total
- Notable results: MGDH24-002, 2.0 m at 1.8 gpt gold, 0.35% copper from 89.0 m; MGDH24-003, 1.5 m at 11.05 gpt gold from 127.5 m
- Compañero gold zone: 250 m diameter, surface breccias up to 14.4 gpt gold in channel samples, secondary copper minerals
- Heavy mineral samples: 19, 23, 33 pristine gold grains
- No drilling yet at Compañero
- La Joya project area: 1,600 hectares
- Chakana holds 1% net smelter royalty on Soledad property (Condor Resources)
- Environmental permit awarded for Compañero; final stage of drilling permit in progress
AI Summary:
- Makenita Resources Inc. (CSE: KENY, OTC Pink: KENYF, WKN: A40X6P) received final regulatory approval for drilling permit at Hector Silver/Cobalt Property, Ontario's Timiskaming District
- Maiden drill program to begin in coming days
- Hector Property: 126 unpatented mineral claims, 2,243 hectares, located in historic Larder Lake Mining Division
- Initial drilling targets high-priority zones identified by recent geological assessments and fieldwork, focusing on silver and cobalt mineralization
- Company recently confirmed full DTC eligibility for U.S. trading symbol KENYF, enabling electronic clearing and settlement in U.S.
- Project located in mining-friendly jurisdiction with history of silver and cobalt production
- Company aims to increase market interest and broaden U.S. investor base
- Tightly held share structure, positive commodity fundamentals
- Contact: Jason Gigliotti, President & CEO, 604-609-6527, info@makenitaresources.com
AI Summary:
- PetroFrontier Corp. (TSXV: PFC) subject to management cease trade order (MCTO) by Alberta Securities Commission
- Delay in filing annual financial statements, management's discussion and analysis, CEO/CFO certifications for year ended December 31, 2024 ("Annual Filings")
- Delay due to issues obtaining financial information from limited partnership investment's general partner
- External auditor unable to complete audit due to delays
- Anticipated filing date for Annual Filings: on or before June 26, 2025
- Interim financial statements for three months ended March 31, 2025 ("Q1 Filings") also delayed
- Q1 Filings missed prescribed deadline of May 30, 2025; expected to file on or before July 10, 2025
- Extension to MCTO requested, not guaranteed to be granted
- MCTO prohibits CEO and CFO from trading in company securities until Q1 Filings are filed; does not affect other insiders or public
- Company will issue biweekly default status reports until filings are complete
- No other undisclosed material information as of May 31, 2025
- Company focused on two Mannville heavy oil plays in Cold Lake and Wabasca, Alberta
- Head office: Calgary, Alberta
- Risks include further delays in filings, possible revocation of MCTO, potential trading halts by TSXV or Canadian securities commissions
- Additional risk information available in filings for nine months ended September 30, 2024 on SEDAR+
AI Summary:
- Oberon Uranium Corp. (CSE: OBRN) closed sale of 22 mineral claims
- Claims total 18,924 hectares, known as Fusion Uranium Zone Project
- Project located in Athabasca Region, Saskatchewan
- Sold to Little Fish Uranium Corp. for $700,000 cash
- Asset purchase agreement dated May 15, 2025, amended May 23, 2025
- Transaction is arms-length, does not cause fundamental change or change of control
- Oberon retains 100% interest in Lucky Boy Uranium Property, Arizona, USA
- Contact: Lawrence Hay, President & CEO, Tel: 778.317.8754, info@oberonuranium.com
- Forward-looking statements included; subject to risks and uncertainties
- CSE has not reviewed or approved the news release
AI Summary:
- St. Augustine Gold and Copper Limited (TSX: SAU) closed agreement with Nadecor to restructure KingKing Copper Gold Project ownership
- Issued $9,120,500 convertible note to Nadecor, convertible into 185,000,000 Company shares at $0.0493 per share
- Note bears no interest, assignable by Nadecor, must convert within 6 months
- St. Augustine acquired all shares of Kingking Milling Corporation (holds project development rights)
- Kingking Mining Corporation ownership: 40% St. Augustine, 40% Nadecor, 20% Queensberry Mining and Development Corp.
- Kingking Milling Corporation has rights to process, mill, market all ore from project
- Kingking Mining Corporation receives 7% royalty on net income, plus payments for ore delivered for milling
- Project is one of the largest undeveloped copper-gold deposits globally; top three-priority mining project by Philippine government
- Transaction structure aims to optimize economic interest and facilitate project financing
- Forward-looking statements caution included; risks disclosed in Annual Information Form dated March 31, 2025
AI Summary:
- CopAur Minerals Inc. (TSXV: CPAU) closed upsized non-brokered private placement
- 5,055,000 units issued at $0.10 per unit
- Total gross proceeds: $505,500
- Each unit: 1 common share + 1/2 common share purchase warrant
- Each whole warrant: exercise price $0.15, valid for 18 months
- Acceleration clause: warrants may expire early if shares trade at or above $0.20 for 10 consecutive days (30 days' notice)
- Securities subject to 4 months + 1 day hold period
- Finders' fees paid: $33,635 and 336,350 finder warrants (same terms as above)
- Net proceeds for working capital and advancing Kinsley Mountain Gold Project (Nevada)
- Kinsley Mountain: Carlin-style gold system, 90 km south of Long Canyon Mine (Newmont/Barrick JV)
- Company backed by experienced resource professionals, member of Metals Group
- CEO: Jeremy Yaseniuk
- Contact: +1 (604) 773-1467, jeremyy@CopAur.com
AI Summary:
- Argyle Resources Corp. (CSE: ARGL, OTCQB: ARLYF, FSE: ME0) extends strategic marketing agreement with Euro Digital Media Ltd. (EDM)
- Extension term: approximately 1 month, effective immediately; term may be further extended or shortened at management's discretion
- EDM to continue online marketing services: campaigns, ads, keyword research, remarketing, landing pages, Google and native ads
- Promotional activity on www.wallstinvest.com, Google ads, native advertising
- Fee for extension: USD $300,000 paid to EDM
- No securities issued to EDM as compensation
- EDM (including directors/officers) owns no Argyle securities; arm's length relationship
- Argyle: junior mineral exploration company, incorporated 2023, head office in Calgary, Alberta, Canada
- Projects: option to acquire up to 100% of Frenchvale Graphite Property (Nova Scotia), 100% interest in Pilgrim Islands, Matapedia, Lac Comporté quartzite silica projects (Quebec)
- Research partnership with National Institute of Scientific Research (INRS), funded by Québec government
- Contact: info@argyleresourcescorp.com, (825) 724-0033, www.argyleresourcescorp.com
AI Summary:
- Spark Energy Minerals Inc. (CSE: SPRK, OTC Pink: SPARF, FSE: 8PC) amending exercise price of 15,000,000 unlisted common share purchase warrants
- Warrants issued as part of Tristar Energy Corp acquisition closed March 15, 2024
- Current exercise price: $0.15 per common share
- New exercise price: $0.075 per common share
- Expiry date of warrants remains March 15, 2026, 4:30 p.m. (Vancouver time)
- Warrant repricing effective June 2, 2025
- Canadian Securities Exchange acceptance received
- Flagship project: Arapaima Lithium project, 64,359 hectares in Brazil’s Lithium Valley
- Focus on battery metals and mineral assets, especially in Brazil
- Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742
- Forward-looking statements disclaimer included
AI Summary:
- Sranan Gold Corp. (CSE: SRAN, FSE: P84, Tradegate: P84) announces non-brokered private placement
- Up to 7,500,000 shares offered at C$0.40 per share
- Maximum proceeds: C$3 million
- Net proceeds to be used for general working capital and expanded drilling program
- Drilling program: up to 10,000 meters at Tapanahony Gold Project, Suriname
- All securities subject to four-month and one day hold period from closing
- Finder’s fees may be paid to arm’s length finders
- Offering subject to Canadian Securities Exchange (CSE) approval
- Tapanahony Project: 29,000 hectares, located in Suriname’s gold rush area, 4.5 km mining trend
- Significant local saprolite production along 4.5 km trend
- Sranan also exploring Aida Property: five mineral claims, 2,335.42 hectares, Shuswap Highland, Kamloops Mining Division
- Contact: Oscar Louzada, CEO, +31 6 25438975
- Forward-looking statements include risks such as CSE objection, use of proceeds, and satisfaction of closing conditions
AI Summary:
- Vanadian Energy Corp. (TSXV: VEC.H) to hold 2024 Annual General and Special Meeting (AGSM) on June 26, 2025, 10:00 am, Suite 3123, 595 Burrard Street, Vancouver, BC
- Notice, Management Information Circular, and Form of Proxy mailed to shareholders; available on company website and SEDAR+
- Shareholders to consider approval of debt settlement: issuance of 8,885,772 common shares at $0.16 per share to settle $1,421,724 in debt
- Share issuance exceeds 100% of current outstanding shares; will create two new Control Persons
- Disinterested shareholder approval required under TSX Venture Exchange policies
- Debt settlement involves related party transactions with Messrs. Johnson and Keep; exempt from valuation requirement under MI 61-101 section 5.5(c)
- Minority shareholder approval required for related party transactions; votes by Messrs. Johnson, Keep, and affiliates excluded
- Board of Directors (excluding interested parties) approved debt settlement; subject to shareholder and Exchange approval
- Vanadian Energy Corp. focused on acquisition, exploration, and development of energy mineral properties in Canada and globally
- Forward-looking statements caution regarding risks, uncertainties, and no obligation to update statements
AI Summary:
- Centurion Minerals Ltd. (TSXV: CTN) closed first tranche of non-brokered private placement
- 12,300,000 units issued at $0.01 per unit
- Total gross proceeds: $123,000
- Each unit: 1 common share + 1/2 common share purchase warrant
- Each warrant exercisable for 24 months at $0.05 per share
- Proceeds for working capital and general corporate activities
- No payments to Non-Arm's Length Parties or Investor Relations Activities
- Shares subject to 4-month hold period expiring September 2027
- Finders' fees: $4,000 and 400,000 broker warrants issued
- David Tafel (officer/director) purchased 2,000,000 units for $20,000
- Insider Placee now holds 5,703,150 common shares (10.28% non-diluted, 14.63% partially diluted)
- Previously held 3,703,150 shares (8.58% non-diluted)
- Placement to Insider Placee deemed "related party transaction" under MI 61-101
- Exempt from formal valuation and minority shareholder approval as transaction <25% of market capitalization
- Private placement subject to final TSX Venture Exchange acceptance
- Centurion focused on precious mineral exploration in the Americas; right to earn 100% of Casa Berardi West Gold Project in NE Ontario
AI Summary:
- Mineral Road Discovery Inc. (CSE: ROAD) closed non-brokered private placement
- 666,666 shares issued at $0.075 per share
- Total proceeds: $50,000
- Proceeds for general working capital
- Four month hold period on shares, expiring October 1, 2025
- Shares not registered under U.S. Securities Act of 1933; not for U.S. sale or distribution
- Contact: Jason Cubitt (CEO), Damien Reynolds (Executive Chairperson), Tel: 778 819 1870
AI Summary:
- Tsodilo Resources Limited (TSXV: TSD, OTCQB: TSDRF, FSE: TZO) held Annual General Meeting on May 30, 2025
- Directors elected: James M. Bruchs, Jonathan R. Kelafant, Blackie Marole
- Jones & O'Connell, LLP appointed as auditors
- Granted incentive stock options to 10 individuals (directors, employees, advisors)
- Total options granted: 950,000 common shares at CDN$ 0.15 per share
- Vesting: 25% on June 2, 2025; 25% each on 6th, 12th, and 18th month anniversaries
- Options valid for 5 years
- Company holds 100% stake in Gcwihaba project area, Botswana
- Gcwihaba project includes 5 metal prospecting licenses (base, precious, platinum group, rare earth)
- Head office contact: +1 416 572 2033
- Website: http://www.TsodiloResources.com
AI Summary:
- Auric Minerals Corp. (CSE: AUMC) completed Phase 1 fieldwork at Bub Uranium Property, Central Mineral Belt, Labrador
- Spring 2025: 4-person geological team collected 60 lake-bottom sediment samples, 9 rock samples over 4 field days
- Sampling focused on high-priority radiometric anomalies and structural trends
- Fieldwork executed safely, on schedule, using chartered helicopter from Happy Valley-Goose Bay
- Analytical results expected in coming weeks; will inform follow-up and drill targeting
- Bub Property located 55 km SW of Postville, NL; 200 km NE of Route 500 Project
- Property situated near known deposits: Michelin, Mustang, Jacques Lake
- Radiometric anomalies align with historical anomalous uranium in lake sediments, within NE-trending corridor
- Auric holds options over uranium properties in Labrador, Quebec, and British Columbia
- Technical information reviewed by Jeremy Hanson, P.Geo., Qualified Person (NI 43-101)
- Contact: Chris Huggins, CEO, (604) 968-4844, chris@greenwood.capital
AI Summary:
- Magnum Goldcorp Inc. (TSXV: MGI) closed private placement
- Total raised: $150,000
- Issued: 3,000,000 units at $0.05 per unit
- Each unit: 1 common share + 1 share purchase warrant
- Warrant: exercisable for 2 years at $0.20 per share
- No finders' fees paid
- Proceeds for general working capital
- Insiders purchased 200,000 units (related party transaction)
- Exemptions relied on for MI 61-101 requirements
- No material change report filed more than 21 days before closing
- CEO: Douglas L. Mason
- Contact: info@waterfrontgroup.com, Tel 604.922.2030
- Not for U.S. distribution or sale
AI Summary:
- Sienna Resources Inc. (TSXV: SIEN, FSE: A1XCQ0) arranging non-brokered LIFE private placement
- Up to $500,000 to be raised
- Price per unit: $0.105
- Each unit: 1 common share + 1 transferable warrant
- Warrant exercise price: $0.14 per share
- Warrant term: 60 months from closing
- Expected closing: on or about June 18, 2025
- Proceeds for working capital, project evaluation, and work on existing projects
- Focus on Stonesthrow Gold Project (approx. 31,718 contiguous acres), Case Lake Project, Nevada lithium projects
- Finders’ fees may be paid to eligible arm’s-length persons
- Units offered to Canadian residents (excluding Quebec) under NI 45-106 LIFE exemption; no hold period for Canadian subscribers
- Offering document available at www.sedarplus.ca and company website
- Securities not registered under US Securities Act of 1933; not for US distribution
- Contact: Jason Gigliotti, President, 604-646-6900, info@siennaresources.com
AI Summary:
- Enduro Metals Corporation (TSXV: ENDR) completed acquisition of Commander Resources Ltd.
- Acquisition announced December 9, 2024; arrangement agreement dated February 25, 2025
- Exchange ratio: 0.535 Enduro share per Commander share
- 23,692,393 Enduro shares issued to former Commander shareholders
- Former Commander shareholders now hold approx. 45.65% of 51,885,012 total Enduro shares post-closing
- Commander shares expected to be delisted from TSXV on or about May 30, 2025
- Robert Cameron appointed CEO, replacing Cole Evans (remains director)
- Brandon Macdonald and Robert Cameron appointed directors; Laurence Roulston resigned as director
- Robert Cameron: over 40 years mining industry experience, former President/CEO of Valley High Ventures and Bearing Resources, ex-VP at Phelps Dodge Canada
- Brandon Macdonald: geologist, B.Sc. UBC (2000), MBA Oxford (2007), ex-Macquarie Bank, founding CEO Fireweed Metals
- Outstanding Commander options replaced with Enduro options, adjusted for exchange ratio
- Enduro’s Newmont Lake Project: 688 km² in BC’s Golden Triangle, multiple deposit environments (gold, copper-gold)
- Legal counsel: Pushor Mitchell LLP (Enduro), Koffman Kalef LLP (Commander)
- Financial advisor: GenCap Mining Advisory Ltd. (Commander)
- Commander to apply to cease being a reporting issuer
- Shareholders with physical Commander share certificates must submit a Letter of Transmittal to receive Enduro shares; non-registered shareholders receive shares automatically
- Contact: Robert Cameron, CEO, +1 (778) 989-1501, cameron@endurometals.com
AI Summary:
- Mundoro Capital Inc. (TSXV: MUN, OTCQB: MUNMF) released Q1-2025 operating and financial results
- Financial statements and MD&A for Q1-2025 filed on SEDAR+ and company website
- Serbia: 419 sq km of exploration licenses in Timok Magmatic Complex (TMC), known for copper-gold deposits (Bor, Majdanpek, Cukaru Peki)
- Q1-2025 focus: advancing targeting work, progressing discussions with third-party mining companies for potential license options
- Bulgaria: JOGMEC-Mundoro EE1 copper project; Stage One earn-in completed Q3-2022
- Planned 1,800-meter drill program delayed due to court appeals on permitting; timing dependent on final government approvals
- USA Projects:
- Dos Cabezas (Arizona): 61 sq km, 100%-owned, 6 targets (4 surface porphyry copper, 2 covered centers), Q1-2025 activities included geochronology (Laramide ages, more results Q3-2025), partner site visits, fieldwork, model refinement
- Copperopolis (Arizona): Yuvapi County, historic high-grade Au-Cu veins, generative fieldwork, BLEG geochemical survey (results Q2-2025), mapping confirmed sheeted dike complex, geochronology (U-Pb results Q2-2025)
- Picacho (Arizona): 105 sq km, 3 covered target areas, geochronology in Q1-2025 confirmed Laramide age (68Ma) for key igneous unit
- Generative programs: active evaluation of new opportunities
- Portfolio focus: copper in Western Tethyan Belt (Eastern Europe) and Laramide Belt (southwest USA)
- Company strategy: generate near-term cash payments and royalties via property options
- Technical information reviewed by R. Jemielita, PhD, MIMMM, Chief Geologist, NI 43-101 Qualified Person
- Contact: Teo Dechev (CEO, President, Director) and Shamil Devji (Investor Relations Manager), +1-604-669-8055
- Forward-looking statements caution: subject to risks, uncertainties, and no assurance of occurrence
AI Summary:
- Volt Carbon Technologies Inc. (TSXV: VCT, OTCQB: TORVF) receives TSX Venture Exchange approval to increase non-brokered private placement
- Private placement size increased to 17,500,000 units at $0.02 per unit
- Gross proceeds up to $350,000
- Deadline for final closing extended to June 27, 2025
- Each unit includes 1 common share and 1 common share purchase warrant
- No anticipated Finder’s Fee for the offering
- Proceeds to be used for battery and mineral separation technology advancement, outstanding payables, and general working capital
- Volt Carbon holds mining claims in Ontario, Quebec, and British Columbia
- Closing subject to customary conditions and regulatory approvals, including final TSX-V approval
AI Summary:
- Torr Metals Inc. closed first tranche of non-brokered private placement
- Issued 816,666 flow-through shares at $0.15 per share
- Issued 8,137,461 units at $0.13 per unit
- Aggregate gross proceeds: $1,180,369
- Each unit: 1 common share + 0.5 share purchase warrant
- Each whole warrant: exercise price $0.25 per share, expires May 30, 2027
- Finder’s fees: $24,595 cash + 183,096 Finder’s Warrants (same terms as above)
- Securities hold period expires October 1, 2025
- Proceeds to fund exploration/development at 275 km² Kolos Copper-Gold Project (100% owned) and 57 km² Bertha Property (option for full ownership)
- Flow-through share proceeds to be used for qualifying Canadian exploration expenses, renounced to subscribers effective December 31, 2025
- 2025 exploration program targets Lodi-Kirby, Sonic, and Bertha porphyry zones (never drilled, road-accessible from Highway 5)
- Kolos Project: 30 km SE of Highland Valley copper mine, 40 km S of Kamloops, BC
- Filion Gold Project: 261 km², northern Ontario, 42 km NW of Kapuskasing, 202 km from Timmins mining camp
- Second tranche of private placement expected soon
- Company based in Vancouver, BC, focused on accessible copper-gold projects in BC and Ontario
AI Summary:
- ESGold Corp. (CSE: ESAU, OTCQB: ESAUF, FSE: Z7D) launching final spiral concentration tests at Montauban Gold-Silver Project, Quebec
- Tests on historic railbed stockpile material, higher gold and silver concentrations, no mica interference
- Final-stage gravity tests using production-model Humphrey Spirals
- Target: concentrate less than 0.3% of total mass, capturing over 50% of contained gold and silver
- Lab assay results expected within 1 month
- Spiral tests to be completed within 1 week of commencement
- Equipment installation and commissioning at Montauban advancing on schedule
- Potential to bypass traditional circuit steps, pour bullion directly on site, reduce cyanide use, accelerate cash flow
- Montauban property located 80 km west of Quebec City
- ESGold aims for near-term production, low environmental footprint, capital efficiency
- Technical information reviewed by Edmond St-Jean, P.Eng., over 40 years mineral processing experience
- Contact: info@esgold.com, +1-888-370-1059, esgold.com
- Forward-looking statements caution: actual results may differ due to risks and uncertainties
AI Summary:
- Homeland Uranium Corp. (TSXV: HLU) mobilized field crews to Coyote Basin and Red Wash uranium projects in NW Colorado for Phase 1 exploration
- Phase 1 includes 1:20,000 scale geological mapping, prospecting, rock sampling, and 1,545 line km (960 line-mile) UAV airborne magnetic survey
- Axiom Exploration Group contracted for technical personnel
- Coyote Basin Phase 1 aims to confirm known mineralized horizons before Phase 2 drilling in fall 2025
- Red Wash Phase 1 aims to identify follow-up exploration areas and evaluate uranium potential of Urangesellschaft Uranium Showing
- Historical uranium anomaly at Red Wash: 350 ppm U3O8, remains undrilled
- May 23, 2025: White House issued Executive Orders to strengthen US nuclear fuel cycle, streamline reviews, reform Nuclear Energy Commission, deploy advanced reactors
- Executive Orders expected to accelerate Homeland’s permitting and approvals
- US Administration targets four-fold expansion of nuclear generation capacity by 2050
- Coyote Basin Project historical resource (Energy Metals Corp., 2006): 8,850,000 tons @ 0.20% U3O8, 0.10% V2O5
- Historical resource: 35.4 million lbs U3O8, 17.7 million lbs V2O5 (Western Mining Resources, 1978-79, 24 drill holes)
- Homeland owns 100% of Coyote Basin and Red Wash projects
- Historical resources not treated as current; further evaluation required for NI 43-101 compliance
- Axiom Exploration Group selected as technical consultant; established in 2011
- Technical information reviewed by Roger Lemaitre, President & CEO, Qualified Person under NI 43-101
- Contact: Roger Lemaitre, Tel: 306-713-1401, info@homeland-uranium.com
- Cautionary note: forward-looking statements subject to risks, uncertainties, and assumptions
AI Summary:
- Northern Graphite Corporation (TSXV: NGC) released Q1 2025 operating and financial highlights
- Battery Materials Division marked 1-year anniversary; French BAM facility proposal granted "Strategic Project" status under EU Critical Raw Materials Act
- LDI mine: only producing graphite mine in North America; pit to be mined out by fall 2025 unless $10 million financing secured to extend mine life by ~8 years
- LDI targeting 25,000 tonnes/year annual capacity; record-high average graphite prices in Q1 2025, up 37% vs Q1 2024
- 2-month maintenance shutdown at LDI completed in January 2025; production volumes impacted but improving in Q2
- Northern holds ~20% share of U.S. industrial graphite market; 85% of sales to U.S. customers
- U.S. Department of Commerce announced preliminary tariffs up to 721% on Chinese graphite anode material imports; final decision expected December 2025
- Okanjande project (Namibia) on care and maintenance since Q3 2023; restart planned for early 2027 pending financing
- Proposed French BAM facility: €159 million investment, 20,000 tonnes/year battery-grade anode material, targeted 2028 start
- Baie-Comeau, Quebec BAM facility under evaluation with The BMI Group
- Senior secured loan: $26.1 million; royalty financing: $15.8 million; defaults waived as of May 29, 2025
- Ongoing cost controls, seeking government and industry support for LDI extension and project financing
- Collaboration agreement with Graphano Energy Ltd. to share technical knowledge and explore adjacent properties
- All Northern assets confirmed as battery-grade graphite; pursuing downstream opportunities in electronics, construction, graphene, hydrogen fuel cells
- LDI, Bissett Creek (Ontario), Mousseau (Quebec), and Okanjande (Namibia) are key projects; all in politically stable jurisdictions
- Engaged in high-level policy discussions in U.S. and EU; focus on securing non-Chinese supply chains for battery materials
- Company website: www.northerngraphite.com
AI Summary:
- Magma Silver Corp. (TSXV: MGMA) entered consulting agreement with Euroswiss Capital Partners Inc.
- Euroswiss to help increase Magma's brand recognition and liquidity in central European capital markets
- Agreement term: 6 months starting June 1, 2025
- Compensation: CAD$60,000 to Euroswiss
- Agreement conditionally approved by TSX Venture Exchange
- Principal of Euroswiss owns 700,000 shares and 550,000 share purchase warrants of Magma
- Euroswiss is an arm's length party to Magma
- Euroswiss headquartered in Lucerne, Switzerland; specializes in investor relations for junior mining companies
- Magma Silver Corp. focuses on precious metal mining, primarily the Niñobamba silver gold project in Peru
- Contact: Jason Baker, CFO, +1-604-252-2672, info@magmasilver.com
- Forward-looking statements included; subject to risks and uncertainties
AI Summary:
- Japan Gold Corp. (TSXV: JG, OTCQB: JGLDF) private placement announced April 14, 2025, has expired
- Engagement letter with agents terminated
- 384,615 restricted share units (RSUs) issued to new VP of Exploration, Mr. Jason Letto
- RSUs vest over 24 months; 50% vest after 12 months
- Each RSU convertible to 1 common share upon vesting
- Company focused on high-grade epithermal gold exploration in Japan
- Holds significant portfolio of tenements with known gold occurrences and mining history
- Alliance with Barrick Gold Corporation for joint exploration and mining of gold properties in Japan
- Major shareholders: Equinox Partners Investment Management LLC, Newmont Corporation
- Contact: Alexia Helgason, VP Corporate Communications, 604-417-1265, ahelgason@japangold.com
- Forward-looking statements subject to risks including regulatory, technical, and market uncertainties
AI Summary:
- Pasofino Gold Limited (TSXV: VEIN, OTCQB: EFRGF, FSE: N07A) attending Mining Investment Event in Quebec City, June 3-5, 2025
- CEO: Brett Richards
- Dugbe Gold Project located in southern Liberia, covers 2,078 km²
- Two deposits: Dugbe F (discovered 2009), Tuzon (discovered 2011)
- 74,497 m diamond coring by Hummingbird (pre-2012), 14,584 m drilled by Pasofino (2021)
- Combined Mineral Resource Estimate (Nov 17, 2021): 3.3 Moz Measured & Indicated (avg. grade 1.37 g/t Au), 0.6 Moz Inferred
- Mineral Reserve Estimate based on open-pit mining, 14-year Life of Mine, completed June 2022
- Technical report filed per NI 43-101
- Additional gold prospects: Bukon Jedeh, DSZ target on Tuzon-Sackor trend; no drilling yet at several prospects
- 2019: Hummingbird signed 25-year Mineral Development Agreement with Liberia
- Royalty rate: 3% on gold production
- Income tax rate: 25% (with credit for historic exploration)
- Fuel duty reduced by 50%
- Government of Liberia: 10% free carried interest in project
- Pasofino owns 100% of Dugbe Gold Project (prior to Liberia’s 10% interest)
- Qualified Person: Andrew Pedley (SACNASP member)
- Cautionary note on forward-looking statements and risks
- Contact: Brett A. Richards, CEO, +1 905 449 1500, brett@brettrichards.org
AI Summary:
- Goldshore Resources exercised right to purchase 1% Net Smelter Return (NSR) on all metal production from Moss Gold Project, Ontario
- NSR purchased from Wesdome Gold Mines Ltd. for $7,500,000
- Purchase price: $5,500,000 cash + 3,333,333 common shares at $0.60/share
- Anticipated closing date: July 21, 2025
- Moss Gold Project: 100% owned, located in Ontario, Canada
- Over $60 million invested in Moss Gold Project to date
- Approx. 80,000 meters of drilling completed by Goldshore; total drilling on project over 235,000 meters
- 2024 NI 43-101 mineral resource estimate: 1.54 million ounces Indicated gold at 1.23 g/t Au; 5.20 million ounces Inferred gold at 1.11 g/t Au
- Resource estimate covers 3.6 km of a 35+ km mineralized trend; remains open at depth and along strike
- 20,000-meter diamond drilling program completed in 2024, yielding new mineralized shears and extensions
- Impact Benefit Agreement Term Sheet signed with Lac des Mille Lacs First Nation
- First quarter interim financial statements and MD&A filed and available on SEDAR+
- Company led by ex-global head of structural geology for world’s largest gold company; backed by major Canadian private equity firm
AI Summary:
- Roscan Gold Corporation announces fully subscribed non-brokered private placement
- Gross proceeds: up to $1,000,000
- Issuance: up to 10,000,000 common shares
- Price per share: $0.10
- Use of proceeds: exploration and development of Kandiolé Project, working capital, general corporate purposes
- Closing subject to corporate and regulatory approvals, including TSX Venture Exchange
- Securities subject to 4 months plus 1 day hold period
- No finder's fee expected
- Roscan Gold: Canadian gold exploration company focused on West Africa
- 100%-owned permits in area near B2 Gold's Fekola Mine, West Mali
- Contact: Nana Sangmuah, President & CEO, Tel: (416) 900-1412, Email: info@Roscan.ca
AI Summary:
- Group Eleven Resources Corp. appoints Jasmine Lau, CPA, as Chief Financial Officer effective May 30, 2025
- Jasmine Lau replaces Jeannine Webb, who served as CFO for 3 years
- Jasmine Lau has over 16 years' experience in the resource sector
- Currently CFO of Minaurum Gold Inc., Forte Minerals Corp., Cascadia Minerals Ltd.
- Group Eleven Resources Corp. trades on TSXV: ZNG, OTCQB: GRLVF, FSE: 3GE
- Company focuses on advanced stage zinc exploration in Ireland
- Contact: Bart Jaworski, CEO, +353-85-833-2463
- Forward-looking statements caution included in release
AI Summary:
- Q1 2025 total oil and natural gas revenue: $19.5 million (36% increase vs Q1 2024: $14.4 million)
- Adjusted EBITDA: $11.5 million (15% increase vs Q1 2024: $10 million)
- Average corporate production: 4,085 boe/d (Q1 2024: 2,730 boe/d; 50% increase YoY, 14% decrease QoQ)
- Realized corporate oil operating netbacks: $38.66/bbl
- Cash position at end of Q1 2025: $24.9 million
- Operating cashflows: $14.4 million (Q1 2024: $8.6 million)
- Net income: $2.7 million
- Drilled two development wells (AB 2, AB 3) in Alberta Llanos field, Tapir block
- Completed 90 km² new seismic data on Tapir Block
- Post Q1: Spud first horizontal well (AB HZ4) in Alberta Llanos field; CN HZ 10 and CN 11 brought on production
- Entered $20 million prepayment agreement with integrated energy company
- Upcoming: AB HZ 4 well to be on production in June; second horizontal well planned; second rig to drill up to four wells in Rio Cravo Este (RCE) field, then move to Carrizales Norte pad
- Total 2025 capital expenditures budget: ~$50 million; $11.4 million spent in Q1 2025
- Prepayment agreement: two-year term; up to US$20 million prepaid crude sales in year one, reducing to US$15 million in year two
- Cash balances as of May 1, 2025: $24 million
- Q1 2025 production breakdown: 3,770 bbl/d crude oil, 1,851 Mcf/d natural gas
- Water handling infrastructure expanded: AB 2 converted to water disposal well (operational late Q2), workover of RCE 1 and CN 4, CN 5 conversion planned (Q3)
- New road system developed for drilling pads at Carrizales Norte, Capullo, Mateguafa Oeste, Mateguafa Attic
- 2025 capital budget expected to be funded by cash and operational cash flow
- Focus for remainder of 2025: grow production, continue development at Carrizales Norte, RCE, Alberta Llanos, explore new Tapir block prospects
- Arrow listed on AIM (London) and TSXV (Canada) under symbol AXL
- Tapir Block: Arrow holds 50% interest, contingent on assignment by Ecopetrol SA
AI Summary:
- LithiumBank Resources Corp. updated NI 43-101 resource estimate for Park Place Lithium Brine Project in west-central Alberta
- Updated brine hosted mineral licences (BHML) holdings: 226,683 ha
- Updated inferred resource: 15,082,000 tonnes Lithium Carbonate Equivalent (LCE) at 80.0 mg/L lithium
- Previous inferred resource (June 24, 2024): 21,681,000 tonnes LCE at 80.2 mg/L lithium
- Reduction in BHML footprint: ~50% not renewed, 234,705 ha expired
- Annual licensing fee savings: C$821,468
- Park Place project area: 538,360 contiguous acres
- Location: between Edson, Fox Creek, Hinton; ~180 km west of Edmonton; ~50 km south of Boardwalk project
- Leduc and Swan Hills formations: combined maximum thickness 511 m; Swan Hills thickness 24–264 m; Leduc up to 366 m
- No new technical data collected; resource reduction due to reduced land position only
- Peace lithium brine project: ~50% non-core BHMLs allowed to expire
- LithiumBank holds 1,237,487 acres of brine hosted mineral licenses across 3 districts in Alberta and Saskatchewan
- Company and G2L Greenview Resources mutually terminated all agreements as of May 28, 2025; no further obligations between parties
- Company advancing Boardwalk and Park Place projects; pilot tested multiple Direct Lithium Extraction (DLE) technologies
- Resource estimates use 50 mg/L Li cut-off; conversion factor 5.323 for Li to LCE
- No demonstrated economic viability for mineral resources at this stage
AI Summary:
- Solis Minerals Limited (ASX: SLM, TSXV: SLMN, OTCQB: SLMFF) provides update on 100% owned Chancho al Palo project in Peru
- Diamond drill rig arrived at Chancho al Palo, supported by AKD International
- Drill program: approximately 2,500 metres across several priority targets
- First drilling at this concession; targets porphyry and IOCG anomalies
- Chancho al Palo located 10 km from the coast, 25 km from Southern Copper's smelter and refinery complex
- Southern Copper is Peru's largest copper producer and holds adjacent tenements
- Assay results expected July 2025
- Drilling at Ilo Este project anticipated to start in June 2025, pending permits
- Solis Minerals holds concessions totaling 69,200 hectares in Peru
- Company led by experienced team in South American mining
- CEO Mitch Thomas to oversee drilling commencement in Peru
- Technical information reviewed by Michael Parker, Technical Director and qualified person (AusIMM, NI 43-101)
- Forward-looking statements include risks related to market conditions, financing, exploration results, permits, and mining industry uncertainties
AI Summary:
Non-brokered private placement announced by Primary Hydrogen Corp.
Gross proceeds up to C$2,000,000
Proceeds split into Non-FT Units (general working capital, corporate purposes) and FT Units (Critical Mineral Canadian Exploration Expenses, flow-through mining expenditures)
Private Placement subject to TSX Venture Exchange approval
Securities issued will have a statutory hold period of four months and one day
Finder compensation possible per TSX Venture Exchange rules
Primary Hydrogen portfolio: over 740 acres in U.S., 230 square kilometers in Canada
Projects include Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, Cogburn
Arthur Lake copper project in British Columbia
Option to acquire 75% interest in Wicheeda North hydrogen-REE project in British Columbia
Risks include inability to raise C$2,000,000, market conditions, regulatory delays, failure to qualify expenditures, market volatility
Forward-looking statements caution due to significant risks and uncertainties
AI Summary:
- Q1 2025 results for Royalties Inc. (CSE: RI, OTC Pink: ROYIF) released for period ended March 31, 2025
- January 13, 2025: Non-brokered private placement with directors/officers for 5,280,000 shares at $0.03/share ($158,400 proceeds) and 720,000 shares at $0.03/share for debt settlement ($21,600)
- DTC eligibility approved April 3, 2025, expected to enhance US trading liquidity
- 3,650,000 share options at $0.06/share expiring June 4, 2025
- Ongoing lawsuit with Capstone Copper Corp. over 2% NSR on five Portree claims (part of Cozamin Mine, Zacatecas)
- April 9, 2025: Final arguments filed in Zacatecas court; May 12, 2025: case forwarded to judge, decision expected June 2025
- Capstone began mining Portree claim Q4 2019; company claims 2% NSR on ore mined from Portree over last 5 years (estimated 30% of MNFZ strike)
- 2024: Capstone paid US$4.4M in royalties on US$234M net revenues (avg 1.9% NSR)
- US$3.2M paid to Bacis (3% NSR, ~500m of MNFZ, 33% strike); US$1.2M paid to GROY (1% NSR, 300m, 37% strike)
- Estimated 2% NSR on Portree claim could represent US$1.5M/year plus back payments since 2019
- Q1 2025 dividend and royalty income: $26,925 (vs $31,569 prior year)
- Q1 2025 expenses: $58,664 (vs $54,069 prior year)
- Q1 2025 operating loss: $31,739 (vs $22,500 in 2024)
- Total assets as of March 31, 2025: $1,345,389 (vs $1,252,384 at Dec 31, 2024)
- Cash as of March 31, 2025: $141,375; current liabilities: $99,819 (excluding US$2M contingent liability being contested)
- Main assets: investment in Music Royalties Inc. and four other music royalty streams
AI Summary:
- Magna Mining Inc. (TSXV: NICU) released Q1 2025 operating and financial results
- Q1 2025 marked as transformational; focus on production, exploration, and non-core asset acquisitions
- McCreedy West mine produced 790,000 lbs copper equivalent payable post-acquisition (Feb 28, 2025)
- 631,000 lbs from 700 Copper Zone; 159,000 lbs from Intermain Nickel zone
- 20,388 tonnes ore processed at average grade 3.01% copper equivalent
- $33.5 million private placement completed March 5, 2025
- $23.97 million in unsecured convertible debentures issued
- 6,451,620 common shares issued for $10 million aggregate proceeds
- Entered Letter of Credit Facility with $12 million maximum face amount
- Factoring agreement in place to sell eligible metal sale receivables
- Q1 2025 copper equivalent prices used: $4.40/lb Cu, $7.18/lb Ni, $15.38/lb Co, $944.31/oz Pt, $1,005.61/oz Pd, $3,135.60/oz Au, $34.61 Ag
- First quarterly results conference call scheduled May 30, 2025, 8:00 am EDT
- Company assets: McCreedy West (producing), Levack, Podolsky, Shakespeare, Crean Hill (past producing)
- All financials in Canadian dollars unless noted
- Non-IFRS performance measures used for cash costs, AISC, EBITDA, free cash flow, and adjusted net loss
- Further details and reconciliations available in Q1 2025 MD&A
AI Summary:
- Aurania Resources Ltd. (TSXV: ARU, OTCQB: AUIAF, FSE: 20Q) announces Annual and Special Meeting of Shareholders on June 12, 2025, at 1:30pm ET
- Meeting location: 8 King Street East, Suite 1800, Toronto, ON M5C 1B5
- Proxy voting deadline: June 10, 2025, at 1:30pm ET
- President & CEO Dr. Keith Barron to provide activity update after formal meeting
- Video/audio replay link to be provided after meeting
- Interim financial statements and MD&A for three months ended March 31, 2025, available on SEDAR+ and company website
- Company focus: mineral exploration, precious metals and copper in South America
- Flagship asset: Lost Cities - Cutucu Project, Jurassic Metallogenic Belt, southeastern Ecuador
- Contact: Carolyn Muir, VP Corporate Development & Investor Relations, (416) 367-3200, carolyn.muir@aurania.com
- Additional info and technical reports: www.aurania.com, www.sedarplus.ca
- Social media: Facebook, Twitter, LinkedIn
- Email distribution list available for company news
AI Summary:
- Platinum Group Metals Ltd. closed a non-brokered private placement on May 29, 2025
- 800,000 common shares issued at US$1.26 per share
- Gross proceeds: US$1,008,000
- Shares subscribed by Hosken Consolidated Investments Limited (HCI) via Deepkloof Limited
- HCI returns to a 26% interest in the company
- Net proceeds to be used for pre-construction, engineering, site work on Waterberg Project (South Africa), and general corporate/working capital
- Securities from placement restricted from trading for four months plus one day
- Exemptions relied upon from MI 61-101 formal valuation and minority shareholder approval requirements; transaction value does not exceed 25% of market capitalization
- Waterberg Project jointly developed with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd., and HJ Platinum Metals Company (established 2023 by Japan Organization for Metals and Energy Security and Hanwa Co. Ltd.)
- Company cautions on forward-looking statements and outlines multiple risk factors including funding, regulatory, operational, and market risks
- Contact: Kris Begic, VP, Corporate Development, Tel: (604) 899-5450 / (866) 899-5450
- TSX and NYSE American have not reviewed or accepted responsibility for the news release
AI Summary:
- STLLR Gold Inc. (TSX: STLR, OTCQX: STLRF, FSE: O9D) held annual general and special meeting on May 29, 2025
- All resolutions proposed to shareholders approved
- Sandra Odendahl elected to Board of Directors; brings 25+ years in environmental science, sustainable finance, ESG strategy
- Odendahl is Senior VP & Head, Sustainability & Social Impact at BDC; holds Master of Applied Science in Chemical Engineering (University of Toronto), CFA charter holder
- Auditors MNP LLP reappointed for ensuing year
- Ordinary resolution approving all unallocated stock options, RSUs, DSUs, PSUs under omnibus share incentive plan passed by majority
- Two cornerstone gold projects: Tower Gold Project (Timmins Mining Camp, Ontario) and Colomac Gold Project (north of Yellowknife, Northwest Territories)
- Projects have potential for long-life, large-scale operations
- Contact: Investor Relations +1 (416) 863-2105, investors@stllrgold.com
- Detailed voting results available on SEDAR+
AI Summary:
- Rise Gold Corp. closed second land sale for $2.5 million
- November 27, 2024: Announced sale of 66 acres of industrial land adjacent to Idaho-Maryland Mine Property for $4.3 million in two transactions
- First transaction: 16 acres for $1.8 million ($900,000 at closing, $900,000 due Nov 27, 2026; discounted payment of $702,000 received Jan 15, 2025 instead of 2026 payment)
- Second transaction: 50 acres for $2.5 million (half paid at closing, half due May 27, 2027; buyer pays 5% annual interest on balance)
- $680,000 of proceeds used to pay off secured debt; remainder supports operations and legal claims
- Option agreement: Rise may repurchase 66 acres at sale price plus capital improvements plus 5% per year if final mining approval obtained
- Rise retains ownership of I-M Mine Property (53 acres), Centennial property (56 acres), and 2,585 acres of mineral rights
- Legal action: Writ of Mandamus submitted to compel Nevada County to recognize vested mining rights
- If Writ fails, Rise may pursue federal takings claim; management estimates mineral estate fair market value at least $400 million
- Principal asset: Idaho-Maryland Gold Mine, Nevada County, California
- Contact: Joseph Mullin, President & CEO, 917.349.0060, jmullin@risegoldcorp.com
AI Summary:
- Grizzly Discoveries Inc. (TSXV: GZD, FSE: G6H, OTCQB: GZDIF) extends private placement Offering
- Aggregate gross proceeds up to $1,000,000 if fully subscribed
- Offering consists of up to 8,333,333 Units and up to 25,000,000 Units and/or FT Units
- Price per Unit and FT Unit: $0.03
- Each Unit: 1 common share + 1 warrant (exercise price $0.05, expires earlier of 30 days after CA$0.10 VWAP for 10 days or 24 months from issuance)
- Each FT Unit: 1 common share + 0.5 warrant (flow-through share for tax purposes)
- No minimum subscription required
- Proceeds use adjusted if less than maximum or different Unit/FT Unit mix
- Finders fees may be paid in cash, Units, Warrants
- Securities subject to 4 months + 1 day trading restriction
- Offering subject to TSX Venture Exchange acceptance
- Grizzly holds approx. 72,700 ha (180,000 acres) of mineral properties in southeastern British Columbia
- Contact: Nancy Massicotte, Corporate Development, Tel: 604-507-3377, Email: nancy@grizzlydiscoveries.com
AI Summary:
- ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) announces strategic leadership transition
- Accelerating construction and preparing for near-term production at Montauban Gold-Silver Project in Quebec
- Advanced discussions to onboard a new senior executive; updates expected in coming weeks
- On-site construction underway; focus on dual-track model: near-term tailings reprocessing and district-scale exploration
- Brad Kitchen no longer serving as President; no replacement planned
- Montauban property located 80 kilometers west of Quebec City
- Company phone: +1-888-370-1059
- Forward-looking statements caution actual results may differ materially
- ESGold is a fully permitted, pre-production resource company focused on clean mining and sustainable resource recovery
AI Summary:
- T2 Metals Corp. (TSXV: TWO, OTCQB: TWOSF, WKN: A2DR6E) provides update on wildfire near Sherridon copper-gold-zinc Project, Flin Flon, Manitoba
- Active fires reported very close to Sherridon community and company mineral concessions
- All field activities at Sherridon project site temporarily suspended as precaution
- Company following community evacuation measures; all personnel safe and accounted for
- Continuous monitoring with Manitoba Wildfire Service and local authorities for real-time updates
- CEO Mark Saxon states safety of team and residents is top priority; minimal long-term impact on exploration schedule or property expected
- T2 Metals also operates Lida, Cora, and Copper Eagle projects in under-explored areas
- No numerical data on project size, personnel, or financials provided
- Forward-looking statements caution regarding risks and uncertainties in exploration activities
- Press release dated May 29, 2025
AI Summary:
- Tudor Gold Corp. closed upsized brokered offering for gross proceeds of approx. $14.95 million
- Offering included full exercise of over-allotment option
- Issued 10,158,045 non-flow-through units (NFT Units) at $0.50 per unit (Prospectus Offering)
- Issued 8,333,500 charity flow-through units (Charity FT Units) at $0.75 per unit (Prospectus Offering)
- Issued 6,034,752 flow-through units (FT Units) at $0.60 per unit (Private Placement Offering)
- Each unit includes 1 common share and 0.5 warrant; each whole warrant exercisable at $0.75/share for 36 months
- Eric Sprott (2176423 Ontario Ltd.) acquired 2,000,000 common shares and 1,000,000 warrants
- Related parties purchased 2,227,000 common shares and 1,113,500 warrants
- Agents received cash commission of approx. $885,436 and 1,450,505 broker warrants (exercise price $0.50, 36 months)
- Net proceeds from NFT Units for working capital and general corporate purposes
- Gross proceeds from FT and Charity FT Units for exploration expenses at Treaty Creek property (Golden Triangle, BC)
- Qualifying Expenditures to be incurred by Dec 31, 2026, renounced by Dec 31, 2025
- Treaty Creek project: 17,913 hectares, Tudor Gold holds 60% interest
- Offerings subject to final TSXV approval; Private Placement securities subject to 4-month hold
- No U.S. registration; securities not offered/sold in U.S. without exemption
- Exempt from MI 61-101 valuation and minority approval as issuance to related parties <25% of market cap
AI Summary:
- Onyx Gold Corp. (TSXV: ONYX, OTCQX: ONXGF) closed first tranche of non-brokered private placement
- 3,490,343 common shares issued at $0.85 per share
- Aggregate gross proceeds: approximately $3 million
- Net proceeds to be used for general corporate purposes
- Private placement subject to final TSX Venture Exchange acceptance
- Second tranche scheduled to close on or about June 6, 2025, pending approvals
- Onyx Gold assets: Timmins, Ontario (Munro-Croesus, Golden Mile, Timmins South), Yukon Territory (4 properties in Selwyn Basin)
- Focus: gold exploration in established Canadian mining jurisdictions
- Contact: Brock Colterjohn (President & CEO), Nicole Hoeller (NIKLI Communications), 1-604-283-3341, information@onyxgold.com
- Securities not registered under U.S. Securities Act of 1933; not for U.S. distribution
- Forward-looking statements caution: subject to risks including market volatility, approval delays, and exploration uncertainties
AI Summary:
- Austral Gold Limited (ASX: AGD, TSXV: AGLD, OTCQB: AGLDF) held General Meeting on 29 May 2025 at 9:00am (AEST)
- All resolutions in Notice of Meeting dated 28 April 2025 passed by poll
- Shareholders approved appointment of BDO Audit Pty Ltd as Company auditor
- Board resolution to appoint BDO Audit Pty Ltd announced 14 April 2025
- Company operates in gold and silver mining, focusing on production, exploration, equity investments in the Americas
- Release approved by Joint Company Secretary, David Hwang
- Contact: jose.bordogna@australgold.com, +61 466 892 307
- Forward-looking statements caution regarding risks: exploration uncertainty, commodity prices, regulatory changes, capital markets, currency fluctuations, COVID-19 effects
- Results provided per section 251AA(2) of Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2
- Votes abstained not counted in majority calculation
- Source: https://www.newsfilecorp.com/release/253816
AI Summary:
- Record Resources (TSXV: REC) finalizes comprehensive hydrogen exploration program at Lake Temiskaming, Ontario
- Multi-disciplinary approach: geochemistry, geology, geophysics
- Program phased over next 12 months, culminating in first hydrogen exploration wells
- Initial phase: soil sampling on regular grid to detect hydrogen, helium, nitrogen, methane
- Phase 1 Soil Gas Survey (SGS): 100m grid spacing, conical auger sampling 1m below ground, mass spectrometry, steel probes for helium
- Phase 2 SGS: grid tightened to 25-10m in anomalous zones, PHD-4 detectors for helium
- UAV-drone aeromagnetic, LIDAR, satellite hyperspectral surveys included
- Targeted 2D/3D seismic data acquisition planned to define hydrogen leads and prospects
- Goal: define and confirm hydrogen prospects for drilling, potential first commercial hydrogen deposits in Ontario
- Program aligned with similar projects in Europe, Africa, Australia
- Contact: Michael C. Judson, Chairman & CEO, +1-514-865-5496
- Caution: forward-looking statements, subject to risks and uncertainties
AI Summary:
- TriStar Gold Inc. closed brokered private placement for gross proceeds of C$10,086,768
- 63,042,300 Units issued at C$0.16 per Unit
- Each Unit: 1 common share + 1/2 warrant; each whole warrant exercisable at C$0.25 until May 29, 2027
- Agents (Paradigm Capital, Cormark Securities) received C$572,206.08 cash fee + 3,576,288 compensation options exercisable at C$0.16 until May 29, 2027
- All securities subject to 4-month hold until September 30, 2025
- Proceeds to advance Castelo de Sonhos gold project and for working capital
- Insider participation: CEO Nicholas Appleyard (1,562,500 Units), Auramet Capital Partners (1,875,000 Units, C$300,000)
- Eric Sprott (via 2176423 Ontario Ltd.) acquired 31,250,000 Units (C$5,000,000)
- Sprott now holds 8.9% undiluted, 12.7% partially diluted of 352,059,748 shares; previously held 0%
- Auramet now holds 42,003,205 shares + 7,668,269 warrants (11.93% undiluted, 13.81% partially diluted); previously 40,128,205 shares + 6,730,769 warrants (13.88% undiluted, 15.84% partially diluted of 289,017,448 shares)
- No material change in Appleyard’s ownership percentage
- Company exempt from formal valuation/minority approval as insider participation <25% of market cap
- Units acquired by Sprott and Auramet for investment purposes
- TriStar Gold’s flagship property: Castelo de Sonhos, Pará State, Brazil
- Shares listed TSXV: TSG, OTCQB: TSGZF
AI Summary:
- Forge Resources Corp. (CSE: FRG) now owns 80% of Aion Mining Corp.
- Acquisition involved purchase of 3,963,807 shares (20% interest in Aion)
- Total consideration: $2,299,008.06
- Payment breakdown: 2,232,453 Forge shares at $0.71/share; $713,966.43 in unsecured promissory notes (6.5% annual interest, due in 2 years or after $3M financing)
- La Estrella coal project (Santander, Colombia) is fully permitted; contains 8 coal seams (metallurgical and thermal)
- Private placement price per unit revised to $0.66 (previously higher)
- Total funds to be raised: $1,000,000
- Number of units offered increased from 1,162,790 to 1,515,152
- Each unit: 1 flow-through share + 0.5 non-flow-through warrant
- Each warrant: exercise price $1.00/share, 2-year expiry, subject to acceleration if share price hits $1.50 for 15 days
- Proceeds for Canadian exploration and flow-through mining expenditures
- Company also holds option on Alotta copper-gold-molybdenum project, 50 km SE of Casino deposit, Yukon, Canada
- Related party transactions disclosed; reviewed by independent directors
- No assurance on forward-looking statements or completion of proposed transactions
AI Summary:
- Enertopia Corporation (OTCQB: ENRT) (CSE: ENRT) announces oxyhydrogen technology update
- Construction started on 200 sq ft mobile lab testing and proving facility
- Mobile unit will serve as prototype for in-field testing and real-time demonstrations
- Unit to showcase automated oxyhydrogen production, storage, and use for propane appliances
- Mobile unit intended as template for drop-in solutions: water heating, hot air, air conditioning
- CEO Robert McAllister to speak at Summit on Responsible Investment (SoRi), hosted by CSE, on June 5, 2025, from 1:00 - 4:30pm PST in Kelowna, BC
- CEO presented to investors on May 20, 2025, via Remark financial video platform
- Company focused on patented and patent-pending clean energy technologies
- Contact: Robert McAllister, CEO, Tel: 1-888-ENRT201
- Forward-looking statements included; risks and uncertainties noted
- No assurance on economic impact or financing closure for current technologies
AI Summary:
- InZinc Mining Ltd. (TSXV: IZN) mobilizing crew for diamond drilling at Indy Sedex project, 90 km SE of Prince George, BC
- 2025 drill program: 12 to 15 drill holes planned
- Focus: expand near-surface mineralization at B-9 Zone (previous intercept: 10.0% zinc and lead, 16.2 g/t silver over 9.9 m)
- Drill testing new Hilo Anomaly east of B-9
- Drilling to start around June 1, 2025
- Indy project: 100% InZinc-owned, covers 200 km², 30 km of under-explored strata
- Project well located near road, rail, power, port, smelter infrastructure
- Annual grant: 1,600,000 stock options to directors, officers, consultants
- Stock options: 5-year term, $0.05/share exercise price, vest over 12 months (effective May 28, 2025)
- InZinc also holds exposure to North American base and precious metals via equity in American West Metals (ASX) and 50% NSR royalty on indium from West Desert project
- South32 Limited staked ~200 km² of adjacent claims in 2021
- Qualified Person: Patrick McLaughlin, P.Geo.
- Cautionary note on forward-looking statements included
AI Summary:
- CO2 Lock Corp. provides operations update on flagship Sam project near Prince George, BC
- Past 12 months: significant progress toward commercializing carbon mineralization and sequestration technology
- Technical and regulatory planning for multi-well pilot program completed
- CCS Exploratory Reservoir Licence submitted to BC Ministry of Energy and Climate Solutions
- $1.6 million (CAD) SAFE financing completed, funded by current shareholders
- Series A financing round launched to fund pilot program and accelerate go-to-market activity
- SAM project aims to scale up to 1 million tonnes annually of permanent CO₂ storage
- Project located 50 km southwest of Prince George, BC
- Site features brucite-rich ultramafic rock, ideal for rapid, large-scale CO₂ mineralization
- Project positioned near multiple large CO₂ emission sources in industrial hub
- CO2 Lock targets sites in Canada, USA, Europe, and Australia
- Company aims to be one of Canada’s first end-to-end in-situ carbon storage projects
AI Summary:
- Zephyr Minerals Ltd. (TSXV: ZFR) held AGM on May 28, 2025, in Halifax, Nova Scotia
- Board set at 7 directors: Brian Arkell, David Felderhof, John Clark, Loren Komperdo, Scott Rhodenizer, Ted Grant, Will Felderhof elected for 1 year
- Executive officers: Executive Chairman - Will Felderhof; President & CEO - Loren Komperdo; Executive VP & CFO - David Felderhof; Corporate Secretary - Suzan Frazer
- Davidson & Company LLP reappointed as auditor until next AGM
- Shareholders approved renewal of 10% rolling incentive stock option plan
- 3,000,000 stock options granted to directors and officers, exercisable at $0.05/share, 5-year term, expiring May 29, 2030
- Zephyr focused on mining permit for 100% owned Dawson Gold project, Colorado
- Reviewing gold properties for acquisition/joint venture in Zimbabwe
- Awaiting Zimbabwean Government approval for 2 Exclusive Prospecting Orders (EPOs) covering 124,000 hectares (applied for in 2021), prospective for gold and lithium
AI Summary:
- Universal Digital Inc. (CSE: LFG, FSE: 8R20) closed oversubscribed non-brokered private placement
- 3,200,000 common shares issued at $0.50 per share
- Gross proceeds raised: $1,600,000
- No fees, commissions, or other compensation paid for the Offering
- Offering subject to final Canadian Securities Exchange acceptance
- Statutory hold period: four months plus one day from Closing
- Net proceeds intended for general working capital
- Securities not registered under U.S. Securities Act; not offered or sold in U.S. without exemption
- Universal Digital Inc.: Canadian investment company focused on digital assets, blockchain, cryptocurrencies, and high-growth industries
- Contact: Tim Chan, CEO, t@universaldigital.io, (289) 646-6252
- Forward-looking statements included; subject to risks such as regulatory approval delays and market uncertainty
AI Summary:
- Riley Gold Corp. (TSXV: RLYG, OTCQB: RLYGF) 2025 drilling campaign underway at Pipeline West/Clipper Gold Project (PWC), operated by Kinross Gold U.S.A.
- Kinross ahead of schedule; drilling in highest-grade gold-in-soils anomaly area
- PWC project: 25 sq km land package, within Cortez District, Nevada
- Step-out framework drill holes located approx. 2.5 km (up to 8,200 feet) NW of 2024 Kinross drill hole
- Additional soil sampling planned for 2025 to expand coverage beyond 2023 survey
- 2023 soil survey: anomalous gold-in-soil values extended over 3 km; elevated pathfinder elements for Carlin-type and intrusive-related deposits
- Kinross can earn up to 75% interest in PWC by spending minimum US$20 million (agreement signed March 13, 2024)
- Kinross holds 9.9% equity interest in Riley Gold (partially diluted basis) via private placement
- PWC: approx. 24.7 sq km, unpatented and patented lands, adjoining Nevada Gold Mines (NGM) in Cortez Trend, Battle Mountain - Eureka Trend
- Cortez/Pipeline complexes (adjacent to PWC): top gold producers in Nevada; state produces 4-5 million ounces of gold annually
- Riley Gold terminated all agreements and relinquished Tokop Gold Project due to unsatisfactory drill results and market conditions
- News release reviewed and approved by Richard DeLong, P.Geo., Director of Riley Gold
AI Summary:
- Pacific Bay Minerals (TSXV: PBM) extends LOI with Appian Capital to acquire 100% of Pereira Velho gold project, Alagoas State, Brazil
- Project includes 11 mineral claims, total area 14,596 hectares
- Project located 25 km from Serrote Copper Mine (acquired for USD $420 million)
- Proximity to Arapiraca city (population 230,000+), paved highway, grid power, skilled workforce
- >2.5 km gold-in-soil anomaly identified
- 6,363 meters diamond drilling in 47 holes (2018-2022)
- Historical resource estimate (filed 2023 with ANM):
- Measured: 23,700 oz (1,156,000 tons @ 0.64 g/t Au)
- Indicated: 44,200 oz (969,000 tons @ 0.66 g/t Au)
- Inferred: 40,500 oz (2,098,000 tons @ 0.6 g/t Au)
- Cutoff grades: 0.3 g/t Au (oxide), 0.4 g/t Au (sulphide)
- Gold price assumption: USD $1,400/oz
- Metallurgical recovery factors: 80% (oxide), 60% (sulphide)
- Preliminary metallurgical testing (SGS Geosol):
- Gold recovery: 51.1% (1-inch crush), 79.2% (½-inch), 94.8% (3 mm crush) over 31 days
- Oxide domain ~90% of historical ounces
- 2025 plans: confirmatory/step-out drilling, metallurgical optimization, maiden NI 43-101 resource estimate, preliminary economic assessment
- Historical data not verified by Pacific Bay; no assurance of resource reliability or economic viability
- Appian Capital: global mining investment advisor, 85 professionals, portfolio with ~5,000 employees, offices in 11 cities worldwide
- Pacific Bay also holds projects in British Columbia (Haskins Reed, Sphinx Mountain Rare-Earth)
- NI 43-101 technical report filed; Qualified Person: Mr. Rodrigo Mello (Brazil)
- Contact: Reagan Glazier, CEO, +1 403-815-6663, reagan@pacificbayminerals.com
AI Summary:
- Nova Pacific Metals Corp. (CSE: NVPC) provides update on 8,500-metre Phase 1 drill program at Lara VMS Project, Vancouver Island, BC
- 14 of 39 planned drill holes completed; 3,105 metres drilled to date
- First 4 drillholes sampled; assays to be rushed to ALS Geochemistry, North Vancouver
- Visual identification of VMS-style minerals: sphalerite, galena, chalcopyrite, pyrite
- Two main objectives: verify historical resource, test new targets along strike and depth
- Targeting current Mineral Resource Estimate (MRE) in Q4 2025
- Historical resource: over 58,000 metres drilled in 323 holes (not NI 43-101 compliant)
- Lara Project: 19 mineral claims, 4,671 hectares, 17-km-long belt, McLaughlin Ridge Formation
- Evaluation underway on 6 additional mineralized zones beyond Coronation Trend
- Drilling began mid-May 2025; NQ-sized diamond drillholes
- Mineit Consulting Inc. retained for updated technical report
- Project located ~140 km from past-producing Myra Falls VMS Mine
- Company holds option to acquire 100% interest in Lara Project
- Focus on environmental responsibility and Indigenous engagement
- Ongoing news flow expected from rush assay results and continued drilling
AI Summary:
- CEO.CA: leading investor social network for junior resource and venture stocks
- Founded 2012; wholly owned by EarthLabs, Inc.
- Millions of annual visitors; users from over 164 countries
- Popular free financial website/app in Canada and globally for small-cap investors
- Industry-leading audience engagement and mobile functionality
- Media partner at global investor events; coverage of mining companies and executive interviews
- Eminent Gold Corporation (TSXV: EMNT, OTCQB: EMGDF, FSE: 7AB) featured; backed by Kinross; two high-potential projects in Nevada's gold belt
- 'Inside the Boardroom' weekly executive interview series available on CEO.CA and YouTube
- CEO.CA app available on iOS and Android
- Contact: hello@ceo.ca
- Caution: forward-looking statements involve risks, uncertainties; actual results may differ materially
- No stock exchange or regulatory authority has approved/disapproved this information
AI Summary:
- MineHub Technologies Inc. (TSXV:MHUB, OTCQB:MHUBF) filed audited annual consolidated financial statements and MD&A for fiscal year ended January 31, 2025
- Fiscal 2025 recurring SaaS revenue grew 17% year-over-year
- SaaS revenue increased by $240,374 compared to fiscal 2024
- Total revenue for fiscal 2025: $2.0 million (steady year-over-year)
- Net loss for fiscal 2025: $6.2 million (improved from $6.5 million in prior year)
- GMV (Gross Merchandise Value) transacted on platform: US$14.7 billion (up from US$12.2 billion in fiscal 2024)
- Fourth quarter fiscal 2025 revenue: $386,391 (down $255,091 from prior year)
- Fourth quarter net loss: $1.6 million (up $309,561 from $1.2 million prior year)
- Strategic partnerships in Asia with CargoGo and Sumitomo Corporation
- Closure of Abaxx partnership
- Focus on recurring SaaS revenue, reduced reliance on non-recurring professional services
- Investor webinar scheduled for May 29, 2025 at 9:00 am PT (12:00 pm ET)
- Outlook for fiscal 2026: phased execution plan for growth, market expansion, and continued SaaS focus
AI Summary:
- EarthLabs Inc. (TSXV: SPOT) released unaudited Q1 2025 financial results
- Advertising revenue: $1.59 million (year-over-year growth)
- Subscription revenue: $311,000 (year-over-year growth)
- Total cash, investments, and equity holdings: $39.4 million as of March 31, 2025
- Company serves millions of users with data-driven media SaaS tools and services
- Focus on disciplined capital allocation and strategic asset management
- Well-positioned for growth and long-term shareholder value
AI Summary:
- Zodiac Gold Inc. (TSXV: ZAU) starts initial 500m trenching program at Ben Ben target, Todi Project, Liberia
- Trenching may be extended based on results
- Detailed geological mapping and channel sampling in artisanal pits underway to plan first drilling program at Ben Ben
- Ben Ben is 1 of 5 priority targets within a 16km gold-in-soil anomaly on Todi Shear Zone
- Ben Ben considered eastern extension of Arthington target
- Previous Arthington drilling: 30 of 32 holes with significant mineralization
- 9.65m at 7.50 g/t Au (including 3m at 20.36 g/t Au)
- 6m at 10.60 g/t Au (including 3m at 20.45 g/t Au)
- 25.9m at 2.1 g/t Au (including 9.14m at 4.2 g/t Au)
- Current Arthington drilling: 2,000m program ongoing
- Trench samples at Ben Ben to be collected at 1m intervals; results expected Q3 2025
- Todi Project covers 2,316 km² land package; 5 drill-ready targets, 2 already drilled with high-grade intercepts
- Liberia described as underexplored, politically stable, mining-friendly
- Qualified Person: Tom Dowrick, Chartered Geologist, Geological Society of London
- Forward-looking statements caution actual results may differ due to various risks and uncertainties
AI Summary:
- Corcel Exploration Inc. (CSE: CRCL) commenced high-resolution drone-based airborne magnetic survey at 100%-owned Yuma King Project, west-central Arizona
- Survey covers historic Yuma King Mine and Yuma King West target, prospective for porphyry-skarn style copper-gold mineralization
- Program by Pioneer Exploration Consultants Ltd.
- Survey: approx. 537 line-kilometers, 50-metre line spacing, 040° orientation, 500-metre tie lines, 25-30 metre flight height
- Project area: 3,200 hectares, 515 unpatented federal mining claims in Ellsworth Mining District
- Past Yuma Mine production: copper, lead, gold, silver (1940-1963)
- Survey integrates with recent surface geochemistry to prioritize drill targets
- Corcel also holds 100% interest in Willow copper project and option to acquire 100% interest in Peak gold exploration project
- Qualified Person: Roy Greig, Ph.D., P.Geo, reviewed and approved technical content
- Forward-looking statements caution included regarding risks and uncertainties
AI Summary:
- Ridgeline Minerals (TSXV: RDG) entered exploration earn-in option to acquire 100% interest in Trench oxide gold project from Bronco Creek Exploration (EMX Royalty Corp. subsidiary)
- Trench project: 31 Bureau of Land Management lode mining claims, 2.2 km², approx. 30 km southwest of Carlin, Nevada
- Project hosts outcropping, underexplored Carlin-Type gold system; similar geology to adjoining Atlas project
- Surface sampling: 34 reconnaissance rock chips, grades up to 5.6 g/t gold (Au)
- Trench claims contiguous with Atlas, expands Atlas mineralized footprint to over 4 km combined strike
- Ridgeline plans expanded rock chip sampling and field mapping in H2 2025
- Ridgeline’s Nevada exploration portfolio: 200 km² across seven projects
- Atlas project: 6-8 km² land package, primary target is bulk tonnage, oxide, Carlin-Type gold system
- Earn-in terms: Ridgeline may earn 100% interest; EMX retains 3.0% NSR royalty, reducible to 2.0%
- Annual Advance Royalty payments: $50,000, cease upon commercial production
- QA/QC: Samples analyzed at American Assay Laboratories and Paragon Geochemical Labs, using industry-standard methods
- Ridgeline’s portfolio: mix of 100%-owned assets and earn-in agreements (Swift, Black Ridge, Selena)
- Contact: Chad Peters, President & CEO, +1 775 304 9773, cpeters@ridgelineminerals.com
AI Summary:
- Viscount Mining Corp. (TSXV: VML, OTC Pink: VLMGF) appoints Christina Ricks to Advisory Board
- Christina Ricks: over 15 years exploration/project management experience in North America
- Bachelor of Science in Geology, Eastern Washington University
- Career began 2008 at Agnico Eagle (USA) Limited, rose to Project Manager
- Experience: heap leach gold projects (Nevada, Mexico), porphyry exploration (Yukon, BC)
- Key contributor to Passiflora Project (Colorado) geological team
- First drill hole at Passiflora: downhole depth 1,143 meters, continuous sulphide mineralization throughout
- Noteworthy sulphides: chalcopyrite, galena, sphalerite, pyrite over 1,100m interval
- Assay results from Passiflora drill program expected in coming weeks
- Silver Cliff property (Colorado): 96 lode claims, 44 miles WSW of Pueblo, historic production (1878-early 1900s), substantial exploration 1967-1984
- Tenneco Minerals planned $35,000,000 USD milling operation at Silver Cliff when silver was $5.00 USD/oz (later abandoned)
- Cherry Creek property (Nevada): 578 unpatented, 17 patented claims, over 20 past producing mines, 50 miles north of Ely
- January 2021: exploration earn-in agreement with Centerra Gold Inc.
- Qualified Person for news release: Harald Hoegberg PG
- Viscount Mining: project generator/explorer, portfolio includes silver and gold properties in Western US
AI Summary:
- EMX Royalty Corporation (NYSE American: EMX, TSXV: EMX) signed exploration and option agreement with Ridgeline Mineral Corp. (TSXV: RDG, OTCQB: RDGMF) for Trench oxide gold project, Eureka County, Nevada
- Trench Project: oxide gold, Carlin-type system, ~30 km southwest of Carlin, Nevada
- Agreement terms:
- Ridgeline can earn 100% interest by:
- 250,000 Ridgeline shares (execution payment)
- $650,000 in option payments
- $500,000 in exploration expenditures over 5 years
- EMX retains 3% net smelter returns (NSR) royalty
- Ridgeline can buy back up to 1% royalty:
- 0.5% for $1,500,000 (before 3rd anniversary of option exercise)
- Additional 0.5% for $2,000,000 (anytime after first buyback)
- Annual advance royalty payments: $50,000 (cease at commercial production)
- Milestone payments:
- $250,000 on initial resource announcement
- $500,000 on Preliminary Economic Analysis, Prefeasibility, or Feasibility Study
- $1,000,000 on positive development decision
- EMX acquired project by staking open ground; now converted to annual pre-production payments and retained royalty
- Trench Agreement is fourth EMX-Ridgeline agreement in Nevada
- Ridgeline: 200 km² exploration portfolio, 7 projects in Nevada
- EMX: precious and base metals royalty company, listed on NYSE American and TSXV
- Technical information reviewed and approved by Michael P. Sheehan, CPG, Qualified Person under NI 43-101
AI Summary:
- Vinland Lithium Inc. (TSXV: VLD) provides update on Killick Lithium Project, Southwestern Newfoundland
- Project discovered late-summer 2021 by Benton Resources and Sokoman Minerals
- Maiden 2022 drill program: Kraken Dyke, 8.4m @ 0.95% Li2O (hole GH-22-01)
- Killick/East Dyke system: 15.23m @ 1.04% Li2O (GH-22-27), 16.7m @ 1.06% Li2O incl. 13.37m @ 1.22% Li2O (GH-23-46)
- Several spodumene-bearing dykes remain undrilled
- 2024 airborne geophysical survey: 4,854.3 km Magnetics & VLF-EM flown, full property coverage achieved
- Kraken South: float samples up to 1.97% Li2O, 11 samples >1.0% Li2O, basal till sampling confirms spodumene grains
- Grandy's West & Top Pond Ridge: multi-kilometer soil anomalies for lithium and tantalum, pegmatite dykes confirmed in bedrock
- Hydra Cesium discovery: channel samples up to 8.75% Cs2O, 0.41% Li2O, 0.025% Ta2O5, 0.33% Rb2O over 1.2m; includes 13.57% Cs2O, 0.32% Li2O over 0.4m
- Six short diamond drill holes at Hydra: 13.55m @ 0.146% Cs2O, 0.158% Li2O; incl. 0.50m @ 0.80% Cs2O, 0.152% Li2O (HY-23-01)
- Hydra Dyke traced over 200m north of discovery, extends under till to south
- Partnership with Critical Minerals Research Initiative: $1.3 million over 4 years for research
- Project covers 60 km of prospective terrane near Baie d'Est Fault
- Additional key drill results: 16.2m @ 0.43% Li2O (GH-22-05), 20.82m @ 0.60% Li2O incl. 5.5m @ 1.16% Li2O (GH-22-15), 8.37m @ 0.91% Li2O (GH-22-08), 15.23m @ 1.04% Li2O (GH-22-27), 13.37m @ 1.22% Li2O (GH-22-45)
- Vinland holds 100% interest in Killick Lithium Project, seeking further LCT opportunities
- Well-financed, listed on TSX Venture Exchange under VLD
- Contact: Stephen Stares, President & CEO, 807-474-9020, sstares@bentonresources.ca
AI Summary:
- Magma Silver Corp. (TSXV: MGMA, FSE: BC21, WKN: A411DV) entered marketing agreement with Momentum PR
- Momentum to provide investor relations services for $60,000 and up to 300,000 incentive stock options
- Stock options exercisable at $0.16 per share for 2 years
- Vesting schedule: 75,000 options on Aug 29, 2025; 75,000 on Nov 29, 2025; 75,000 on Feb 29, 2026; 75,000 on May 29, 2026
- Agreement initial term: 6 months, starting June 1, 2025
- Agreement conditionally approved by TSX Venture Exchange
- Momentum PR: Montreal-based, founded 2008, specializes in mining sector investor relations
- Momentum and its directors/officers do not own Magma Silver securities except for the options in this agreement
- Magma Silver’s main focus: Niñobamba silver-gold project in Peru
- Contact: Jason Baker, CFO, +1-604-252-2672, info@magmasilver.com
- Forward-looking statements included; subject to risks and uncertainties
- No assurance on realization of anticipated benefits or outcomes
AI Summary:
Seabridge Gold Inc. filed responses in BC Supreme Court to petitions challenging Environmental Assessment Office's (EAO) Substantially Started (SS) Designation for KSM project
EAO granted SS Designation on July 29, 2024; Environmental Assessment Certificate no longer subject to expiry
Seabridge and BC Government filed detailed responses in April and May 2025
Seabridge's engagement with TSKLH (petitioner) began in 2007; funding support provided continuously
Court hearing scheduled for September 22-29, 2025
Seabridge holds 100% interest in multiple North American gold projects: KSM, Iskut (Northwest BC), Courageous Lake (Northwest Territories), Snowstorm (Northern Nevada), 3 Aces (Yukon)
Contact: Rudi P. Fronk, Chairman & CEO, Tel: (416) 367-9292, Fax: (416) 367-2711, Email: info@seabridgegold.com
AI Summary:
- South Pacific Metals Corp. (TSXV: SPMC, OTCQB: SPMEF, FSE: 6J00) announces discovery of a gold-copper surface mineralized system at Ontenu NE, Osena Project, Papua New Guinea
- Ontenu NE located 1 km south of K92 Mining’s Kainantu gold mine
- Rock chip assays up to 10.3% copper, 3.1% Cu, 2.06% Cu, and 1.7 g/t gold at surface
- Multiple >500 metre gold-in-soil anomalies, values up to 216 ppb Au, over >3 km mineralized corridor
- Newly mapped NW-SE high-sulphidation structures with Au-Cu + Ag-Bi-Te-Zn pathfinders
- Phase 2 trenching underway at Ontenu Central; Trench 1 results:
- 4 m @ 4.52 g/t Au, 0.13% Cu, 0.23% Zn
- 16 m @ 1.25 g/t Au
- 79 m @ 0.75 g/t Au, 981 ppm Cu
- Diamond drill rig arriving June 2025; priority drill campaign to commence
- Ontenu Gold-Copper Intrusive Complex spans at least 5 km x 3 km
- Soil sampling grid: 100 m x 100 m spacing; NE-SW gold-in-soil anomalies >30 ppb Au, up to 216 ppb Au
- Mineralized zones up to 2 m wide; rock chip assays up to 10.3% Cu, 1.26 g/t Au
- Additional rock sampling peripheral to Ontenu Central: up to 2.69 g/t Au, 71.3 g/t Ag, 0.26% Cu, 5.3% Zn
- Osena Project covers 738 km²; Ontenu cluster extends 5 km x 3 km
- Historical rock samples (various locations): up to 73 g/t Au, 960 g/t Ag, 3.17% Cu, 10.6% Zn
- SPMC land package: 3,100 km², 4 projects (Anga, Osena, Kili Teke, May River)
- Anga Project: Irinke Prospect 1,500 m from K92 plant, 3 km from Arakompa discovery
- Kili Teke: 40 km from Porgera Gold Mine, existing Inferred Mineral Resource
- May River: adjacent to Frieda River copper-gold project
- Quality control: samples analyzed at Intertek, Port Moresby; gold detection limit 0.01 ppm; certified reference material, duplicates, blanks used
- More than half of Osena Project tenure unexplored
- SPMC shares listed on TSX.V, OTCQB, FSE
- Drill program at Ontenu Central to refine targets and expand mineralized zones; 80 m of 230 m trench excavated, all samples submitted for assay
- Additional trenching and sampling planned at Ontenu NE and Anga Project
AI Summary:
- Route 109 Resources Inc. (TSXV: RTE, OTCQB: MRIRF, FSE: 8M0) announces drill results from Dunlop Bay property, Quebec
- Drill hole BD-25-37 intersected 5.05 m (from 55.10 to 60.15 m) with grades: 1.03% Cu, 1.28 g/t Au, 4947 ppm Mo, 6.58 g/t Ag
- 2025 winter drilling program: 12 short holes at Dunlop Bay West (75–270 m each), total 1,671 m drilled
- 5 holes drilled at new VMS "Clairet" Zone (Dunlop Bay North), 2 more holes in North East, total 842 m
- Results confirm presence of Cu-Au-Mo-Ag+/-Zn mineralized system, atypical for Matagami Camp
- Laurentia Exploration (Saguenay, Quebec) managed drilling, core logging, sampling
- Route 109 holds 100% interest in two projects in Abitibi greenstone belt, Quebec
- Further 2025 exploration results to be released in coming weeks
- Qualified Person: Maxime Bouchard, Geo, M.Sc. (OGQ #1752)
- Contact: Robert Pryde, President, +1 (403) 478 6042, robert@route109resources.com
AI Summary:
- Nickel 28 Capital Corp. filed annual audited financial statements for year ended January 31, 2025
- 8.56% joint-venture interest in Ramu Nickel-Cobalt operation, Papua New Guinea
- Ramu 2024 production: 28,669 tonnes contained nickel, 2,625 tonnes contained cobalt (as MHP)
- Ramu 2024 sales: 30,523 tonnes contained nickel, 2,793 tonnes contained cobalt (as MHP)
- Average production cost: US$3.21/lb contained nickel (net of by-product sales)
- Ramu project revenue: US$471 million (2023: US$644 million)
- Net and comprehensive loss: US$1.9 million (US$0.02/share) vs 2023: US$6.2 million (US$0.07/share)
- Year-end cash balance: US$8.1 million (2023: US$7.8 million)
- Debt repayment: US$9.6 million in 2024; remaining construction debt US$36.5 million as of Jan 31, 2025
- Cash distributions received: US$5.2 million (Oct 2024 & April 2025)
- Shares repurchased under NCIB: 1,960,000 shares (to Jan 31, 2025) for C$1,464,788; 3,122,500 shares (to April 30, 2025) for C$2,337,147
- NCIB expires July 25, 2025; company intends to apply for further NCIB
- Estimated corporate costs under US$2.5 million for year ending Jan 31, 2026 (excluding legal/transaction costs)
- Nickel 28 portfolio: 10 nickel and cobalt royalties in Canada, Australia, Papua New Guinea
- Ramu returned to operating at or above name plate capacity after operational issues and planned shutdown
- Ramu remains among lowest cost producers in the sector
- Forward-looking statements caution included regarding risks and uncertainties
AI Summary:
- Q1 2025 gold ounces earned from stream interests: 18 (Q1 2024: 91)
- Q1 2025 royalty revenue: $535,923 (Q1 2024: $161,987)
- Q1 2025 total revenues: $587,220 (Q1 2024: $357,955)
- Q1 2025 gross profit: $562,488 (Q1 2024: $248,088)
- Q1 2025 net loss: $75,718 (Q1 2024 net income: $148,034)
- Q1 2025 shares repurchased and cancelled: 182,600 (Q1 2024: 516,100)
- Quarterly dividend declared: $0.0125 per common share, paid April 15, 2025
- Subsequent to Q1 2025, dividend of $0.0125 per share payable July 15, 2025 to shareholders of record June 30, 2025
- Subsequent to Q1 2025, 346,700 common shares purchased on-market and cancelled
- Subsequent to Q1 2025, 182,600 common shares cancelled (purchased during Q1 2025)
- Subsequent to Q1 2025, received 27,000 ounces of silver from Silver Receivable
- April 29, 2025: exercised option to purchase all remaining silver production from Mako Mining’s San Albino mine; consideration paid: $1 million
- May 13, 2025: converted outstanding Convertible Debentures into 4,134,013 common shares
- Main assets: 3% NSR gold stream on San Albino mine (~3.5 sq. km), 2% NSR on surrounding area (~134.5 sq. km), up to 3% NSR on Spring Valley gold project (Nevada), 100% interest in Gavilanes Silver Project (Mexico, being converted to 2% NSR)
- Listed on TSXV (FISH) and OTCQX (SROYF)
AI Summary:
C$8.26 million (US$6 million) strategic investment in Awalé Resources by Fortuna Mining Corp.
15,037,593 common shares to be issued at US$0.399 (C$0.55) per share
Share price represents 19% premium to 10-day VWAP on TSXV as of May 27, 2025
Shares will represent approx. 15% of Awalé’s issued and outstanding shares (undiluted) after closing
Offering expected to close on or about June 20, 2025, subject to TSXV and regulatory approvals
Shares subject to 4 months plus 1 day hold period post-closing
Investor Rights Agreement terminates if Fortuna’s holding drops below 10%
Current shareholders Newmont and Orecap have right to maintain pro-rata ownership at US$0.399 (C$0.55) per share
Proceeds to fund exploration at Awalé’s 100%-owned Odienné Project, Côte d'Ivoire
Odienné Project: 2,346 km² across 7 permits (5 granted, 2 applications); includes 797 km² in Awalé-Newmont JV
Awalé has discovered 4 mineralized systems (gold, gold-copper, gold-copper-silver-molybdenum) within JV
Fortuna Mining: 3 operating mines, exploration in Argentina, Côte d'Ivoire, Mexico, Peru, Senegal
No offer or sale of securities in the US without registration or exemption
Contact: Andrew Chubb, CEO (+356 99139117); Ardem Keshishian, VP Corporate Development (+1 416 471-5463)
AI Summary:
- Omai Gold Mines Corp. (TSXV: OMG, OTCQB: OMGGF) announces new 2025 drill results at 100%-owned Omai Gold Project, Guyana
- New gold zone discovered: 2.63 g/t Au over 27.5m (includes 4.68 g/t Au over 9.5m), ~100m north of previous West Wenot zones, at 315m depth, outside 2024 MRE
- 5 holes reported, totaling 3,117m; 24 holes completed in 2025, totaling 15,639m (original plan: 15,000m); 12 holes pending
- Drilling ongoing: 2 rigs at Wenot, 1 at Gilt Creek-Wenot
- Updated NI 43-101 Mineral Resource Estimate (MRE) expected Q3 2025
- Highlighted drill results:
- Hole 25ODD-116: 1.15 g/t Au over 8.3m (4 visible gold), 2.63 g/t Au over 27.5m (includes 4.68 g/t Au over 9.5m), ~120m north of central contact
- Hole 25ODD-109/109W: 2.37 g/t Au over 15.0m (4 visible gold), 1.73 g/t Au over 6.7m, 2.0 g/t Au over 7.5m, 1.25 g/t Au over 5.0m, 2.06 g/t Au over 2.5m
- Hole 25ODD-106: 1.59 g/t Au over 9.2m, 1.18 g/t Au over 17.1m, 2.0 g/t Au over 5.5m, 2.64 g/t Au over 21.0m, 1.01 g/t Au over 10.5m, 1.62 g/t Au over 16.5m
- Hole 25ODD-111: 4.87 g/t Au over 9.5m, 1.45 g/t Au over 9.9m, 0.99 g/t Au over 16.4m
- Hole 25ODD-104: 0.79 g/t Au over 27.5m, 0.87 g/t Au over 22.7m (includes 2.17 g/t Au over 5.5m), 2.04 g/t Au over 8.9m, 0.72 g/t Au over 20.5m
- 2024 MRE: Wenot resource 834,000 indicated oz Au @ 1.48 g/t (17.6Mt), 1,614,000 inferred oz Au @ 1.99 g/t (25.2Mt); Gilt Creek resource 1,151,000 indicated oz Au @ 3.22 g/t (11.1Mt), 665,000 inferred oz Au @ 3.35 g/t (6.2Mt)
- February 2024 updated MRE: 29Mt @ 2.15 g/t Au (2.0M oz, Indicated), 31Mt @ 2.26 g/t Au (2.3M oz, Inferred) for Wenot and Gilt Creek
- April 2024 PEA: open pit-only scenario, included 45% of Omai Gold Project MRE
- Omai Gold Mine past production (1993-2005): over 3.7M oz Au
- 2025 plans: continue drilling, updated MRE and PEA (including expanded Wenot open pit and Gilt Creek underground scenario)
- Project benefits: existing infrastructure, soon to be connected by paved road to Georgetown and Linden
- QA/QC: internal program, certified labs (ActLabs, MSALABS), fire assay and gravimetric finish for high-grade samples
- Qualified Person: Elaine Ellingham, P.Geo., President & CEO
AI Summary:
- Metals Creek Resources Corp. (TSXV: MEK, FSE: M1C1) announced initial results from diamond drilling at Tillex Copper Project, Currie Township, Ontario
- Project located 65 km east of Timmins, 45 km from Kidd Creek Met site
- Seven drill holes completed, totaling 909.5 meters
- Previous campaign (Feb 27, 2025): 7.90m @ 1.27% Cu, 3.42 g/t Ag
- Hole TX24-026 (Mar 20, 2025): 21.00m @ 1.00% Cu, 2.19 g/t Ag; 9.00m @ 0.94% Cu, 4.51 g/t Ag
- Hole TX25-029: 9.09m @ 0.55% Cu, 1.97 g/t Ag; intersected at 72m depth; mineralization includes chalcopyrite, galena (trace-2%), sphalerite, pyrite (1-5%)
- Hole TX25-030: no significant assays; undercut of TX24-026
- Hole TX25-031: upper zone 46.40m @ 1.66% Cu, 3.67 g/t Ag; includes 19.20m @ 3.40% Cu, 5.64 g/t Ag; lower zone 15.80m @ 1.03% Cu, 3.41 g/t Ag; mineralization includes chalcopyrite, pyrite (1-3%), sphalerite, galena
- True widths estimated at 70-80% of downhole intercepts
- Assays for lead and zinc pending for TX25-029 and TX25-031
- Management encouraged by high-grade copper, silver, and new lead-zinc mineralization in previously unsampled areas
- QAQC: ~10% samples sent for check assays; standards/blanks inserted randomly
- Company also holds 50% interest in Ogden Gold Property (6 km south of Timmins, 8 km strike length of Porcupine-Destor Fault)
- Additional projects available for option; more info at MetalsCreek.com
AI Summary:
- Dryden Gold Corp. (TSXV: DRY, OTCQB: DRYGF) received exploration permits for Hyndman property in Dryden Gold District, Ontario
- 2025 summer field season regional exploration campaign launched
- Field crews to begin detailed mapping and channel sampling at Hyndman; drill testing planned for multiple unexplored geophysical anomalies
- Initial drill test at Sherridon being prepared; 2024 mapping exposed multiple drill-ready targets
- Exploration team expanded, including new Exploration Manager Ryan Humphries (10 years experience, P.Geo in Ontario and Québec)
- Detailed mapping started on new Gold Rock extension targets
- Fladgate engaged to lead 2025 summer field program at Hyndman, including mapping and sampling at 2023 discovery site and untested anomalies from 2023 Mira Geoscience 3D inversion study
- Channel sampling to evaluate granodiorite-hosted stockwork mineralization
- Sundog Geology to map Gold Rock, focusing on NE and SW expansion along Manitou-Dinorwic deformation zone
- 2024 surface sampling at Gold Rock returned up to 24.20 g/t gold
- Comprehensive soil and till sampling program initiated across most of land package with ALS Geoanalytics
- Dryden Gold controls 100% interest in strategic land position in Dryden District, Northwestern Ontario
- Property hosts high-grade gold mineralization over 50 km of potential strike length along Manitou-Dinorwic deformation zone
- Company committed to local employment and partnerships with First Nations communities
- Marketing events: Mining Event of the North (June 3-5, 2025, Quebec City), investor lunch (June 2, Montreal), dinner (June 2, Quebec City), 121 Mining Investment New York (June 9-10, 2025), investor roadshow (June 11, 2025)
- Drill samples analyzed by Activation Laboratories, 50-gram fire assay, atomic absorption finish, over-limits by gravimetric finish, select samples by metallic screens, ISO/IEC 17025 compliant
- Qualified Person: Maura J. Kolb, M.Sc., P.Geo., President of Dryden Gold
- Dryden Gold listed on TSX Venture Exchange and OTCQB
- Property includes historic gold mines, limited modern exploration, excellent infrastructure, experienced mining workforce
- Forward-looking statements caution included
AI Summary:
- Argyle Resources Corp. announced results of a preliminary remote sensing survey for the Matapedia Silica Project, Bas-Saint-Laurent, Quebec
- Survey covered 11,000 sq km with Sentinel-2A SWIR/VNIR data; 2,500 sq km high-priority areas with ASTER LWIR analysis
- Integrated multi-spectral satellite imagery, gas surveys, gravity data, geological mapping for exploration targeting
- Gas surveys detected hydrogen, helium, radon, methane, CO₂; hydrogen showed strong correlation with high-silica quartzite outcrops
- SWIR/LWIR data identified 16 key minerals (including opal, chert); predictive fingerprint maps created for quartzite
- 191 quartz outcrops sampled in 2024; historic samples up to 99.6% SiO₂
- Matapedia claim block: 16 contiguous claims, total 913.32 hectares, 370 km NE of Quebec City, accessible via gravel road from Highway QC 234
- Project area underlain by units favorable for high-purity silica; fieldwork supports remote sensing results
- Results will guide upcoming field exploration and sampling in priority quartzite target areas
- Argyle Resources Corp. incorporated 2023, based in Calgary, Alberta; also holds interests in Saint Gabriel, Frenchvale Graphite, Pilgrim Islands, Lac Comporté projects
- Research partnership with National Institute of Scientific Research (INRS), Québec government-funded
- Qualified Person: John Ryder, P.Geo, consultant to the company
AI Summary:
- Lake Victoria Gold Ltd. (TSXV: LVG) to conduct 3,000m reverse circulation (RC) drilling at Ngula 1 within new mining licence (granted April 9, 2025)
- Aim: delineate and evaluate shallow gold resource to supply mineralized material to nearby third-party processing facility (3.5km away, announced May 1, 2025)
- Previous drilling at Ngula 1: over 50,000m drilled, less than 15% of 32 km² project tested
- Selected gold intersections:
- TDD0004: 3.13g/t Au over 25.89m from 41.00m, incl. 9.38g/t Au over 6.30m
- TRC0013: 17.23g/t Au over 4.00m from 19.00m
- TRC0003: 3.76g/t Au over 2.00m from 21.00m; 28.57g/t Au over 3.00m from 54.00m; 5.28g/t Au over 4.00m from 72.00m
- TDD0160: 5.22g/t Au over 1.93m from 107.18m; 2.73g/t Au over 1.54m from 116.39m
- TRC0001: 2.87g/t Au over 3.00m from 27.00m; 1.76g/t Au over 3.00m from 46.00m; 12.87g/t Au over 3.00m from 84.00m
- Additional intersections range from 1.29g/t to 17.60g/t Au over 1.00m to 6.46m
- Drilling program: 45 holes, 20m spacing, 300m strike length, depths of 10m, 30m, 50m, each hole extended 25m beyond first structure
- Ngula 1 belt: 800m strike, 100-150m width, multiple sub-parallel gold-bearing shear structures
- Resource to support near-term production and cash flow; long-term goal is district-scale gold system
- Tembo project: 100% owned, adjacent to Barrick's Bulyanhulu Mine, over 50,000m drilled, 32 km² area
- Imwelo Project: 100% owned, fully permitted, west of AngloGold Ashanti's Geita Gold Mine, 2021 pre-feasibility study completed
- Management, directors, and partners own over 60% of shares
- Strategic partnership: Taifa Group (Tanzania’s largest mining contractor, 30+ years experience) to take equity stake and conduct contract mining/civil works for Imwelo project
- No capping of high-grade assay values; true widths estimated at ~86% of intersection width
- Metallurgical testing (leach diagnostics, gravity recovery) planned after drilling
- Preliminary discussions with drilling contractors underway
- Forward-looking statements caution regarding risks and uncertainties in exploration, permitting, financing, and regulatory approvals
AI Summary:
- SAGA Metals Corp. (TSXV: SAGA, OTCQB: SAGMF, FSE: 20H) announces final drill results from 2025 maiden drill program at Radar Ti-V-Fe Property, Labrador, Canada
- Property size: 24,175 hectares, encloses Dykes River mafic layered intrusive complex
- 2025 drill program: 7 diamond drill holes, tested semi-massive to massive vanadiferous titanomagnetite layers
- 3 final holes (HEZ-06, HEZ-02, HEZ-03) complete cross-section of magnetic anomaly, confirming 4 separate magmatic layers
- Drilled anomaly: 500m strike by 350m width
- 20 km of high magnetic responses and titanomagnetite layers identified; drilling to date covers only 1/40th of this zone
- Next steps: detailed ground geophysics, property-wide high-resolution aeromagnetic survey, metallurgy and petrography analysis on Hawkeye zone core, alternate whole-rock analyses for phosphate, manganese, scandium, and REEs
- Radar Property location: 10 km from Cartwright, Labrador; road access, deep-water port, airstrip, hydro-electric power
- SAGA’s flagship Double Mer Uranium Project: 25,600 hectares, 18 km east-west uranium trend, 14 km section with samples up to 0.428% U3O8
- Legacy Lithium Property (Quebec): 65,849 hectares (including Amirault Lithium Project), partnership with Rio Tinto
- SAGA’s portfolio includes uranium, lithium, titanium, vanadium, iron ore assets
- Qualified Person: Paul J. McGuigan, P. Geo.
- Contact: +1 (778) 930-1321, info@sagametals.com, www.sagametals.com
AI Summary:
- Provenance Gold Corp. (CSE: PAU, OTCQB: PVGDF) provides update on 2025 drilling at Eldorado Project, Malheur County, eastern Oregon
- Phase One 2025 RC drilling: first 2 holes (ED-12, ED-13) completed, samples at Reno assay lab
- Hole ED-14 currently drilled to 201 meters in mineralized rock
- Step-out drilling with approx. 50-meter intervals to test down-dip and lateral extensions
- Drilling follows 2023 RC holes (ED-01 to ED-11) and 2024 core holes (EC-01, EC-02, EC-03)
- Upcoming hole ED-15 to test continuity between high-grade zones intersected by EC-01 and ED-04
- Strong correlation confirmed between gold mineralization and fracture density in diorite host rock
- High-resolution drone magnetic inversion data validates structural framework (northeast and north-south corridors)
- Mineralization mainly in dioritic intrusive rocks; meta-sedimentary units including graphite-bearing schists remain largely untested
- Exploration targets identified in Eldorado East based on similar regional systems
- Technical content reviewed by Jo Price, P.Geo., M.Sc., Qualified Person (NI 43-101)
- Company holds interests in Nevada and eastern Oregon, USA
- Contact: Rauno Perttu, CEO, 1-541-930-0986, rkperttu@provenancegold.com
AI Summary:
- Quimbaya Gold Inc. (CSE: QIM) plans non-brokered private placement of up to 5,714,286 units
- Price per unit: C$0.35
- Total gross proceeds targeted: up to C$2,000,000
- Lead order: C$500,000 from Serafino Iacono (Co-founder of Gran Colombia Gold, Executive Chairman of Denarius Metals)
- Each unit: 1 common share + 1 warrant
- Each warrant: exercisable at C$0.60 per share, valid for 36 months from issuance
- Units to be allocated to strategic investors with Latin American mining experience
- Proceeds to fund exploration and general working capital
- Offering expected to close on or about June 6, 2025
- All securities subject to four-month and one-day hold period
- Not available to U.S. investors; not registered under U.S. Securities Act of 1933
- Focus projects: Tahami (Segovia), Berrio (Puerto Berrio), Maitamac (Abejorral) in Antioquia Province, Colombia
- Management highlights strong exploration results and imminent drilling at Tahami South
- Participation by Serafino Iacono signals confidence in company’s assets and leadership
AI Summary:
- District Metals Corp. (TSXV: DMX) released results for three and nine months ended March 31, 2025
- All figures in Canadian dollars
- Updated mineral resource estimate for Viken Energy Metals Deposit announced April 29, 2025
- Mineral exploration on Swedish uranium polymetallic properties planned over next 4-6 months
- Next earnings report for year ended June 30, 2025 to be released September 25, 2025
- Viken Property contains world’s largest undeveloped uranium mineral resource estimate, plus significant vanadium, molybdenum, nickel, copper, zinc
- Tomtebo Property: advanced exploration stage, located in Bergslagen Mining District, Sweden, between Falun Mine and Garpenberg Mine (25 km apart)
- Tomtebo features two historic polymetallic mines, numerous showings along 17 km trend
- Financial statements available on SEDAR+ and company website
- Company faces risks including Swedish uranium moratorium, need for financing, early-stage exploration uncertainties, regulatory and market risks
AI Summary:
- Sage Potash Corp. upsized non-brokered private placement from $4 million to up to $5 million
- Offering consists of up to 20 million units at $0.25 per unit
- Each unit: 1 common share + 0.5 non-transferable common share purchase warrant
- Each whole warrant exercisable at $0.35 per share for 2 years from closing
- Net proceeds allocated to Sage Plain project development, exploration, and working capital
- Securities subject to 4 months + 1 day hold period
- Directors/officers may participate; considered "related party transaction" under MI 61-101
- Exempt from formal valuation/minority shareholder approval as related party participation <25% of market capitalization
- Closing subject to TSX Venture Exchange acceptance
- Sage Potash focused on developing domestic potash resource in Paradox Basin, Utah
- CEO: Peter Hogendoorn
- Contact: +1 (604) 764-2158, info@sagepotash.com
- Website: www.sagepotash.com
AI Summary:
non-brokered private placement of up to 4,800,000 units at $0.10 per unit
gross proceeds up to $480,000
each unit: 1 common share + 1 transferrable warrant
each warrant: purchase 1 share at $0.12 for 36 months from issuance
directors and officers may participate; considered a “related party transaction” under MI 61-101
participation exempt from formal valuation and minority shareholder approval under MI 61-101
net proceeds for exploration activities and general corporate purposes
up to 10% finder’s fees may apply
all securities subject to a hold period of 4 months and 1 day
Hi-View holds 100% interest in Babine BC Copper-Gold property
interests in Golden Stranger Property and Lawyers East, West, South, and BEN claims
collective holdings cover over 9,749 hectares in northern BC
focus on gold, silver, and copper exploration and development
AI Summary:
- Maritime Resources (TSXV: MAE) granted 17,062,800 incentive stock options
- Options exercisable at $0.11 per common share
- Options term: 5 years from date of grant
- Options vest immediately
- Company focused on Hammerdown Gold Project, Baie Verte District, Newfoundland and Labrador
- Holds 100% interest or option to earn 100% in Green Bay Property (includes Hammerdown and Orion gold projects)
- Controls over 439 km² of exploration land (Green Bay, Whisker Valley, Gull Ridge, Point Rousse projects)
- Owns Pine Cove mill and Nugget Pond gold circuit in Baie Verte mining district
- Forward-looking statements included; no guarantee of future performance
AI Summary:
- Euro Manganese Inc. closed a financing package after shareholder approval at AGSM on May 15, 2025
- Financing included:
- Private placement ("Placement"): C$9.8 million (approx. A$10.8 million)
- Share Purchase Plan ("SPP"): A$1.5 million (approx. C$1.4 million)
- Placement details:
- 54,578,350 New Securities issued: 39,671,662 New Shares (C$0.18/share), 14,906,688 New CDIs (A$0.195/CDI)
- 54,578,350 Warrants issued (exercise price: C$0.225, exercisable until Nov 28, 2026)
- EBRD subscribed for 21,400,000 New Shares and Warrants (C$3,852,000)
- Eric Sprott (via 2176423 Ontario Ltd.) subscribed for 16,666,666 units (C$3,000,000)
- Directors subscribed for 464,741 New Securities and Warrants
- SPP details:
- 7,692,307 New CDIs at A$0.195/CDI, 7,692,307 Warrants (exercise price: C$0.225, exercisable until Nov 28, 2026)
- Aggregate gross proceeds: A$1.5 million (approx. C$1.4 million)
- SPP was oversubscribed; subscriptions scaled back
- Broker fees:
- Canaccord Genuity and Foster Stockbroking received A$498,918 (approx. C$454,016) in cash fees
- 4,904,478 broker warrants issued (12% of New Securities, excluding EBRD), exercisable until May 28, 2027, at C$0.225
- Additional warrants:
- 22,263,733 warrants issued to Orion (Convertible Loan Royalty Agreement), exercisable until Nov 28, 2026, at C$0.225
- Hold period:
- New Shares/CDIs subject to 4 months + 1 day hold (until Sept 29, 2025)
- Warrants and broker warrants not listed; same trading restrictions
- EBRD ownership:
- Increased from 4.42% (3,560,000 shares) to 17.48% (24,960,000 shares) post-Placement
- Potential to reach 19.96% (46,360,000 shares) if all warrants exercised
- EBRD restricted from exceeding 19.99% ownership without approval
- Eric Sprott ownership:
- Now holds 16,666,666 Shares and 16,666,666 Warrants (11.7% non-diluted, 20.9% partially-diluted)
- Option grant:
- 7,020,000 stock options granted (1,330,000 to directors, 2,530,000 to officers, 3,160,000 to employees/consultants)
- Exercise price: C$0.19, 10-year term; vesting: one-third immediately, one-third on each of first and second anniversaries (1,650,000 options vest immediately)
- Interim CFO: Martina Blahova to serve until new CFO appointed
- Financing proceeds to support Chvaletice Manganese Project development, customer engagement, demonstration plant operations, and permitting
- Euro Manganese: battery materials company, advancing Chvaletice Manganese Project (Czech Republic) and early-stage project in Bécancour, Québec
- Dual listed on TSX-V and ASX
AI Summary:
- Galloper Gold Corp. granted incentive stock options for 400,000 common shares
- Exercise price: $0.05 per share
- Option period: 12 months
- Options granted to certain directors under omnibus equity incentive plan
- Glover Island Property: 532 mining claims, 13,300 hectares
- Mint Pond Property: 499 claims, 12,475 hectares
- Focus: mineral exploration in Central Newfoundland Gold Belt
- CSE: BOOM, OTC Pink: GGDCF
- Contact: info@gallopergold.com, Tel: 778-655-9266
AI Summary:
- Fairchild Gold Corp. (TSXV: FAIR) upsized non-brokered private placement
- Additional $1,000,000 to be raised through issuance of up to 16,666,666 units at $0.06 per unit
- First tranche closed April 22, 2025, for gross proceeds of $810,000
- Each unit: 1 common share + 1 warrant; warrant exercisable at $0.15 for 60 months
- Acceleration clause: if share price ≥ $0.50 for 5 consecutive trading days, 12 months after closing, warrants may expire 10 days after notice
- Closing expected on or before June 6, 2025, subject to regulatory approvals
- All securities subject to 4 months + 1 day hold period from closing
- Use of proceeds: geophysical surveys, expanded field work at Nevada project, marketing, working capital
- Cash commission up to 8% of gross proceeds to eligible finders/agents/brokers
- Finder’s shares: 4% of common shares issued at $0.06 per share
- Finder’s warrants: 4% of units issued, exercisable at $0.10 for 60 months
- Insiders may participate; related party transaction under MI 61-101, but exemptions apply as participation <25% of market cap
- Fairchild Gold flagship: Nevada Titan Project, Goodsprings mining district, Nevada, USA
- Owns 100% of Fairchild Lake Property: 108 mining claims, 2,224 hectares, 250 km NW of Thunder Bay, Ontario
AI Summary:
Versamet Royalties Corporation (TSXV: VMET) Q1 2025 results released
Forecasted production: 14,000–16,000 GEOs by 2026
First gold pour at Artemis Gold's Blackwater mine (B.C.)
Ramp-up at Equinox Gold's Greenstone mine (Ontario)
Upcoming catalysts: first copper delivery from Kolpa, first gold pour at Kiaka (H2 2025), pre-strip mining at Toega (Q4 2025)
Shares began trading on TSX Venture Exchange May 20, 2025
Greenstone (1.26% gold stream): 1,050 GEOs attributable production in Q1 2025; entitled to greater of 1.26% of gold or 350 oz/month
Kolpa (95.8% copper stream): Endeavour Silver acquired May 1, 2025; 2024 production—2.0M oz silver, 19,820 t lead, 12,554 t zinc, 518 t copper; expansion from 1,800 tpd to 2,500 tpd underway
Blackwater (0.21% NSR): Commercial production achieved May 2, 2025; 2025 guidance—160,000–200,000 oz gold; phase 2 expansion could increase annual production to 500,000+ GEOs
Kiaka (2.7% NSR): Construction on schedule; crushing circuit operational; first gold pour expected Q3 2025; 2025 forecast—100,000–150,000 oz gold
Toega (2.7% NSR): Ore haul road construction started Q1 2025; pre-strip mining to start Q4 2025; maiden underground resource—4.9M t @ 3.5 g/t (560,000 oz gold); scoping study: 515,000 oz gold over 7 years; underground production incremental to 8-year open pit life; updated 10-year mine plan expected in 2025
Versamet focus: gold-copper royalty & streaming investments, enhancing market profile, broadening investor base
AI Summary:
- Val-d'Or Mining Corporation (TSXV: VZZ) to issue 396,918 common shares at $0.065 per share
- Total value of shares issued: $25,800 (interest payment on debentures)
- Debentures matured and converted into 7,166,664 common shares at $0.06 per share
- Conditional approval received from TSX Venture Exchange for share issuance
- Two insiders participated in original debenture financing for $210,000 cash
- Related Party Transaction under TSX Venture Exchange Policy 5.9 and MI 61-101
- Exemptions used as transaction value does not exceed $2,500,000
- Interest Shares subject to hold period until September 29, 2025
- Company focused on mineral property assets in Abitibi Greenstone Belt (NE Ontario, NW Québec) and Northern Québec (Nunavik)
- Commodities of interest: gold, copper-zinc-silver, nickel-copper-PGE, industrial and energy minerals
- Company seeks option/joint venture partners for advanced exploration projects
AI Summary:
- Adyton Resources Corporation (TSXV: ADY) filed Q1 2025 financial statements and MD&A on SEDAR+ (www.sedarplus.ca)
- Contact: Tim Crossley, CEO; Email: ir@adytonresources.com; Phone: +61 7 3854 2389 / +1 778-549-6768
- Focus: Gold and copper exploration in Papua New Guinea (PNG), Pacific Ring of Fire
- Projects: Feni Island (100% owned), Fergusson Island, other PNG locations
- Total PNG portfolio Mineral Resource Estimate: 173,000 oz indicated gold, 2,000,000 oz inferred gold
- Feni Island Project (NI 43-101, Oct 14, 2021): 60.4 million tonnes @ 0.75 g/t Au (inferred), 1,460,000 oz contained gold, 0.5 g/t Au cut-off
- Fergusson Island Project (NI 43-101, Oct 14, 2021): 4.0 million tonnes @ 1.33 g/t Au (indicated), 173,000 oz contained gold; 16.3 million tonnes @ 1.02 g/t Au (inferred), 540,000 oz contained gold
- Mineral resources are not mineral reserves; economic viability not demonstrated
- Adyton also listed on Frankfurt Stock Exchange (701:GR)
- Technical information approved by Dr Chris Bowden, PhD, GCMEE, FAusIMM(CP), FSEG (Qualified Person per NI 43-101)
- Forward-looking statements caution: subject to risks, uncertainties, and assumptions; actual results may differ
- For more info: www.adytonresources.com
AI Summary:
- Q2 2025 revenue: $15.9 million (up from $7.1 million in Q2 2024)
- First half 2025 revenue: $29.9 million (up from $15.7 million in prior year)
- Q2 2025 gross margin: 27% (down from 43% in Q2 2024)
- First half 2025 gross margin: 30% (down from 42% in prior year)
- Q2 2025 EBITDA: $0.6 million (up from $0.4 million in Q2 2024)
- First half 2025 EBITDA: $1.9 million (up from $1.1 million in prior year)
- Q2 2025 net loss: $0.1 million (vs. net earnings of $0.1 million in Q2 2024)
- Working capital as of March 31, 2025: $8.6 million (up from $5.5 million as of Sept 30, 2024)
- Net cash as of March 31, 2025: $2.2 million (vs. net debt of $0.2 million as of Sept 30, 2024)
- 840,000 stock options granted at $1.56/share, vesting over 2 years, 7-year term
- Gemini Water acquisition and growth drove revenue increase, shifted sales mix toward WaterTech
- New 9,000 sq. ft. facility leased in Carp, Ontario, in addition to existing 11,000 sq. ft. facility
- Military market production ramping up; Rheinmetall Canada partnership and Department of National Defence contract in focus
- Professional Services division impacted by Canadian federal government delays, leading to lower utilization
- Over 220 employees, 10 offices, 45+ years of expertise
- Investor conference call: May 29, 2025, at 9:00 AM ET (6:00 AM PT)
- Company trades on TSXV: BLM and OTCQX: BLMWF
AI Summary:
- Standard Uranium Ltd. (TSXV: STND) increases size of non-brokered private placement due to investor interest
- Previous offering: up to $500,000 in gross proceeds
- NFT Units priced at $0.06 each; FT Units priced at $0.075 each
- Each NFT Unit: 1 common share + 0.5 warrant; Each FT Unit: 1 flow-through share + 0.5 warrant
- Each whole warrant: exercisable at $0.15/share, valid for 24 months after closing
- Additional 6,666,667 FT Units offered for further $500,000
- If fully subscribed: 8,333,333 NFT Units + 6,666,667 FT Units; total gross proceeds $1,000,000
- Net proceeds for exploration and working capital
- Expected closing: on or around June 3, 2025; subject to TSX Venture Exchange approval
- Securities issued will have a 4-month-and-1-day hold period
- Company may pay finders' fees to eligible third-parties
- Standard Uranium holds interest in over 233,455 acres (94,476 hectares) in Athabasca Basin, Saskatchewan
- Davidson River Project: 10 mineral claims, 30,737 hectares, prospective for basement-hosted uranium
- Eastern Athabasca projects: over 42,384 hectares, prospective for unconformity/basement uranium
- Sun Dog project: 9 mineral claims, 19,603 hectares, prospective for uranium, largely untested
- Contact: Jon Bey, CEO, 1 (306) 850-6699, info@standarduranium.ca
- Forward-looking statements include risks and uncertainties; no assurance of accuracy or future results
AI Summary:
- Canadian Gold Corp. (TSXV: CGC) temporarily suspends drilling at Tartan Mine near Flin Flon, Manitoba due to nearby forest fire
- All staff withdrawn, facilities monitored remotely, all personnel safe, facilities secure
- Phase 4 drilling program currently suspended
- No material impact on drilling program expected at this time
- 2017 Tartan Mine resource estimate: 240,000 oz gold indicated (1,180,000 tonnes at 6.32 g/t), 37,000 oz gold inferred (240,000 tonnes at 4.89 g/t)
- Company holds 100% interest in greenfields properties in Ontario and Quebec, near Canadian Malartic Mine (QC), Hemlo Mine (ON), Hammond Reef Project (ON)
- McEwen Mining Inc. (NYSE: MUX, TSX: MUX) holds 5.7% interest in Canadian Gold
- Robert McEwen holds 32.9% interest in Canadian Gold
- Company will update market if material changes occur regarding forest fire situation
- Contact: Michael Swistun, CFA, President & CEO, (204) 232-1373, info@canadiangoldcorp.com
AI Summary:
- Purepoint Uranium Group Inc. (TSXV: PTU, OTCQB: PTUUF) shareholders approved amendment to Omnibus Equity Incentive Compensation Plan
- Number of common shares reserved for RSUs and PSUs increased from 3,688,894 to 6,426,776
- 6,426,776 shares represent 10% of issued and outstanding shares as of May 28, 2025
- Amended Omnibus Plan includes 10% "rolling" option plan and fixed plan for RSUs/PSUs
- Annual and special meeting of shareholders held May 28, 2025
- Company operates advanced uranium projects in Athabasca Basin, Canada
- Key partnerships: Cameco Corporation, Orano Canada Inc., IsoEnergy Ltd.
- Holds VMS project optioned to Foran Mining Corporation, on trend with McIlvenna Bay project
- Contact: Chris Frostad, President & CEO, (416) 603-8368, cfrostad@purepoint.ca
- More info: https://purepoint.ca
AI Summary:
CEO.CA, leading investor social network for venture stocks, founded 2012
Wholly owned subsidiary of EarthLabs, Inc.
Millions of annual visitors from over 164 countries
Industry-leading audience engagement and mobile functionality
Mustang Energy Corp. (CSE: MEC) (OTCQB: MECPF) (FSE: 92T) acquires Nucleus Uranium
Acquisition adds over 18,000 hectares to Mustang Energy’s portfolio in Athabasca Basin
‘Inside the Boardroom’ interview series features executive insights, including Mustang CEO Nicholas Luksha
CEO.CA offers hundreds of executive interviews, available on website and YouTube
CEO.CA app available on iOS and Android
No stock exchange or regulatory authority has approved/disapproved the release
Cautionary statement: forward-looking information involves risks, uncertainties, and factors such as capital/operating costs, commodity prices, financing, regulatory approvals, and market changes
Contact: hello@ceo.ca, website CEO.CA
Newsfile Corp. distributes press releases and regulatory disclosures globally
Copyright 2025 Newsfile Corp.
AI Summary:
- Resource Centrix Holdings Inc. (CSE: RECE) applying for OTCQB® Venture Market listing in U.S.
- OTCQB eligibility: current reporting, annual verification, management certification, $0.01 bid test, no bankruptcy
- Goal: enhance visibility, improve liquidity, broaden U.S. shareholder base
- Common shares continue trading on Canadian Securities Exchange (CSE) under "RECE"
- OTCQB trading subject to approvals from OTC Markets Group, satisfaction of OTCQB standards
- Contact: Derrick Gaon, CFO & Director, resourcecentrix@gmail.com, (416) 904-1478
- News release date: May 28, 2025
- Forward-looking statements subject to risks and uncertainties; refer to sedarplus.ca for disclosures
AI Summary:
- Talon Metals Corp. secured site from Westmoreland Mining LLC for Beulah Minerals Processing Facility (BMPF) in Mercer County, North Dakota
- BMPF to process nickel and copper ore from Tamarack mine (Minnesota) and other North American sources
- BMPF site: former Westmoreland Beulah Coal Mine, approx. 4 miles from Beulah, ND
- Rail connection: approx. 475 miles from Tamarack mine to BMPF; BMPF is 7 miles by rail from Beulah
- $115 million secured from U.S. Department of Energy for project advancement
- BMPF to utilize fly ash from adjacent coal-fired power stations for tailings management
- 3-year purchase option for Talon to acquire 256 acres and 7-mile rail spur
- Talon to issue 15,000,000 consideration options to Westmoreland, vesting over 3 years
- Purchase price: $0.50 per metric ton of ore (1%-5% nickel grade), capped at $10 million
- No payment for ore with ≤1% nickel; pro-rata increase for >5% nickel
- Talon currently owns 51% of Tamarack Nickel Project, can earn up to 60% (joint venture with Rio Tinto)
- Tamarack Nickel Project: 18 km strike length, high-grade nickel-copper-cobalt resource
- US Department of Energy grant: $114.8 million; US Department of Defense grant: $20.6 million
- Project aims to reduce U.S. reliance on China for critical minerals, create jobs, and repurpose legacy coal infrastructure
AI Summary:
- Transatlantic Mining Corp. (TSXV: TCO) has entered the Second Renewal term of its lease for the Miller Mine, Broadwater County, Montana, USA
- Option exercised Dec 21, 2020, to acquire 100% of Miller Mine
- Miller Mine located 29 miles northeast of Townsend, Montana; 50 miles from Helena; elevation 2000 m (6,650 feet); claims at 1920 m (6,400 feet)
- Drill rig mobilized; drill permit received; plans to drill up to 3,000 meters in 2025 targeting over 100 meters of strike and depth
- Assay results expected 6-8 weeks after drilling
- 8.5% royalty on ounces produced until cumulative payments (Initial, first renewal, second renewal, royalties) reach $4.5 million USD; then 1% NSR to vendor
- Historic production: sporadic mining 1901-1948; previous drilling by Jericho Mines Ltd in 1968-69
- Mineralization: gold in quartz veins (30-80 degree dip), stockwork veinlets (few cm to 2 m wide), alteration zone over 15 m (50 feet) wide
- Four known adits; gold and silver mineralization on sediment/igneous contacts; native gold and sulphides (pyrite) observed
- Transatlantic holds 80% JV in Monitor Copper-Gold project (Montana-Idaho) and 100% Golden Jubilee Gold Project
- Sampling: 5 kg grab samples, crushed and analyzed by Christofferson Laboratory, Idaho; 15-30 g fire assay, gravimetric finish
- Miller Mine located near historic Diamond City (former population 10,000+), Confederate Gulch, area known for rich placer gold
- Qualified Person: Aslam Awan PhD MAusIMM (CP Geo), AAA Geo Consultants
- Contact: eeinarson@transatlanticminingcorp.com, 604-614-8469
AI Summary:
- Great Atlantic Resources Corp. (TSXV: GR) subsidiary Golden Promise Mines Inc. received government approval for diamond drilling at Golden Promise Property, Newfoundland and Labrador
- Approval for up to 33 drill holes, approx. 8,000 meters, at Jaclyn Zone
- Drilling approval covers Jaclyn Main Zone (JMZ), Jaclyn North Zone (JNZ), area north of JMZ, and east-northeast of JNZ
- Drilling planned for 2025–2026; approval expires April 4, 2027
- Previous drilling (2019–2024) yielded multiple intercepts exceeding 1 ounce gold/tonne
- 2018 NI 43-101 inferred resource estimate for JMZ: 357,500 tonnes at 10.4 g/t gold (119,900 inferred ounces, uncapped)
- 2020–2021 drilling at JNZ: gold-bearing vein system open to east-northeast; drill hole GP-21-156 intersected 30.6 g/t gold over 0.41 meters
- 2017 and 2020 rock samples near GP-21-156: 157 g/t, 162 g/t, 208 g/t, 332 g/t gold within 300-meter zone of gold-bearing quartz boulders
- Golden Promise Property is largest and most advanced of six central Newfoundland gold properties owned by Golden Promise Mines Inc.
- One property (Golden Trust) located within 1 km of Valentine Gold Mine (Calibre Mining Corp.)
- Planned drilling aims to increase JMZ's inferred resources and update NI 43-101 technical report
- Company focused on gold, copper, zinc, nickel, cobalt, antimony, tungsten in Atlantic Canada
AI Summary:
- West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY, FSE: W0H) received Environmental Assessment Office (EAO) Draft Minister's Designation Report for Record Ridge industrial minerals mine project near Rossland, BC
- Draft Report concludes project does not require designation under BC Environmental Assessment Act; environmental effects addressed through existing regulatory processes (Mines Act, Environmental Management Act)
- Stakeholder feedback invited by June 4, 2025 before final report submission
- Company submitted response supporting draft findings
- Project reviewed by BC Mine Development Review Committee, with input from provincial agencies, Indigenous Nations, local governments
- Strong partnership with Osoyoos Indian Band, which independently assessed and supports the project
- Detailed environmental data provided, focus on grassland ecosystems and Mountain Holly Fern; comprehensive Vegetation Management Plan being finalized
- Record Ridge deposit: approx. 10.6 million tonnes contained magnesium (NI 43-101 Preliminary Economic Assessment, SRK Consulting, April 18, 2013)
- Deposit located 10 km southwest of Rossland, BC
- Company focused on green processing to minimize waste and CO2 emissions
- Contact: Frank Marasco Jr., President & CEO, (403) 660-3488; Barry Baim, Corporate Secretary, (403) 829-2246
- Forward-looking statements subject to risks including economic conditions, regulatory approvals, capital availability
- No offer or solicitation to buy/sell securities in the US; securities not registered under US Securities Act
AI Summary:
- BCM Resources Corporation completed non-brokered private placement for gross proceeds of C$2,575,000
- 20,600,000 Units issued at C$0.125 per Unit
- Sole subscriber: private mining company, strategic long-term investment
- Proceeds for general working capital and repayment of accounts payable
- Additional financing to be sought for exploration drilling at Thompson Knolls (TK) project
- BCM owns 100% of TK project in west-central Utah, USA
- TK project: 225 federal unpatented lode mining claims, 2 state section leases, total 2,242 ha (5,540 acres)
- Utah ranked #1 globally in Investment Attractiveness Index by Fraser Institute
- TK located 208 km southwest of Rio Tinto's Bingham Canyon mine
- 3 drilling phases completed: 12 drillholes, 7 with mineralized intercepts
- Discovery hole TK1: porphyry copper mineralized body in quartz monzonite porphyry (QMP)
- Phase 3, drill hole TK8: 155.4 m interval (621.8 m to 777.2 m) grading 0.66% Cu, 0.12 g/t Au, 7.4 g/t Ag; includes 21.3 m at 1.25% Cu, 0.2 g/t Au, 15 g/t Ag
- Operating under 10-year Plan of Operation drill permit from BLM and State of Utah (received 2023)
- Permit allows use of multiple drill rigs
- Each Unit: 1 common share + 1 warrant; warrant exercise price C$0.25, valid 1 year
- Securities subject to 4-month hold period; no finder's fees paid
- Subscriber granted pre-emptive right to maintain ownership if above 3.0% undiluted
- Warrant exercise limited to prevent holdings above 9.9% undiluted
- Company and subscriber share a common insider; considered non-arm's length under TSXV policies
- BCM also holds copper, gold, molybdenum projects in British Columbia
- Qualified Person: Rick Redfern, MSc Geology (NI 43-101 compliant)
AI Summary:
- Protium Clean Energy Corp. (CSE: GRUV, FSE: G071) announced results from a regional satellite gas survey in Central British Columbia
- Survey area: approx. 22,000 sq. km
- Four mineral tenures with right of first refusal (ROFR Claims): approx. 569.56 hectares
- Survey conducted in late April 2025 during ice breakup
- Gases mapped: hydrogen, helium, radon, methane, carbon dioxide, deep hydrogen
- Five high-abundance hydrogen zones identified on ROFR Claims
- Nine regional high-abundance hydrogen zones: three with high helium, three with methane, three hydrogen-only
- Deep hydrogen confirmed in four of five high-abundance anomalies on ROFR Claims
- All nine regional high-abundance hydrogen areas coincide with deep hydrogen anomalies
- Three regional deep hydrogen anomalies associated with a 75-km-long NW-SE trending deep gravity worm (from Bouguer gravity data)
- Hydrogen-rich areas generally lacked helium, methane, and carbon dioxide; only minor radon detected
- Duplex Wave Migration (DWM) seismic imaging used at 50m resolution for deep hydrogen mapping
- Central BC highlighted as promising for natural (white) hydrogen due to favourable geology (mafic/ultramafic rocks, deep faults)
- Protium's main assets: 100%-owned Nakina Lithium and Firstbrook Hydrogen properties in Ontario
- Company to use results to prioritize targets for summer 2025 exploration program
AI Summary:
- Sirios Resources (TSXV: SOI, OTCQB: SIREF) updating mineral resource estimate (ERM) for Cheechoo gold project, Eeyou Istchee Baie-James, Quebec
- New geological and structural model adopted, revealing previously unrecognized gold mineralization controls
- 3D interactive model to be available on Sirios website after ERM update release (expected summer 2025)
- First ERM to include underground resource component, advancing from December 2022 estimate (which only considered open-pit)
- Update conducted by Ressources PLR inc., led by Pierre Luc Richard (over 100 NI 43-101 technical reports)
- Live event on May 28: French webinar at 13:00 (HAE), English at 14:00 (HAE) via Zoom
- Cheechoo project located less than 15 km from Éléonore gold mine, 100% owned by Sirios
- 2022 ERM (open-pit only), no underground scenario evaluated
- Sirios Resources focused on Cheechoo, 100% ownership
- Cautionary note on forward-looking statements and associated risks
- Contact: Dominique Doucet, CEO, 450-482-0603, info@sirios.com
AI Summary:
- Sirios Resources Inc. (TSXV: SOI, OTCQB: SIREF) updating Mineral Resource Estimate (MRE) for Cheechoo Gold Project, Eeyou Istchee James Bay, Quebec
- New geological and structural model adopted, redefining deposit potential
- Updated MRE results expected summer 2025
- First-time inclusion of underground resource component in new estimate
- Previous MRE (December 2022) only considered open-pit scenario; underground mining not evaluated
- Cheechoo Project located less than 15 km from Dhilmar Ltd.'s Éléonore gold mine
- Project is 100% owned by Sirios Resources
- MRE update conducted by PLR Resources Inc., led by Pierre Luc Richard (authored/coordinated 100+ NI 43-101 technical reports)
- Livestream event May 28, 2025: French at 1:00 p.m. EDT, English at 2:00 p.m. EDT, on Zoom
- Cheechoo Gold Project described as untapped with strong expansion/development potential
- Sirios Resources focused on Cheechoo Gold Project development
- Cautionary note: Forward-looking statements subject to risks, uncertainties, and potential delays
AI Summary:
- Snow Lake Resources Ltd. (NASDAQ: LITM) and Exodys Energy announce collaboration to form a new nuclear reactor development and deployment company ("Reactor Company")
- MOU for partnership signed in February 2025
- Snow Lake expanding from uranium exploration (projects in Wyoming, Namibia) and uranium enrichment (stake in Global Uranium and Enrichment Limited) into reactor design, development, and deployment
- Reactor Company to focus on small modular reactor (SMR) design using mature pressurized water reactor (PWR) technology
- U.S. nuclear sector momentum boosted by 4 nuclear Executive Orders signed by President Trump on May 23, 2025, aimed at streamlining regulation and accelerating licensing
- Exodys Energy to provide technical guidance on fuel cycle and reactor engineering; Snow Lake to drive commercial execution using uranium assets and market presence
- Leadership team for Reactor Company to be announced in coming weeks; will include technology leaders with decades of experience
- Snow Lake aims for vertical integration: uranium supply, enrichment, reactor development, deployment, and spent fuel management
- Target market: AI-powered infrastructure and hyperscale data centers
- Snow Lake’s Pine Ridge Uranium project in Wyoming and Engo Valley Uranium Project in Namibia are both at exploration stage
- Exodys Energy specializes in nuclear fuel recycling and waste minimization
- No specific financial figures disclosed in the release
- Forward-looking statements included; subject to risks and uncertainties
AI Summary:
- Belgravia Hartford Capital Inc. (CSE: BLGV) entered into a credit facility with Round13 Digital Asset Fund L.P. effective May 28, 2025
- Facility allows advances up to USD $5 million in one or more tranches
- Interest calculated at Bank of Canada prime rate per closing
- Funds to be used exclusively for purchasing Bitcoin (BTC), managed by Belgravia with Round13 DAF consultation
- First tranche: USD $500,000 scheduled for June 2, 2025
- Finder's fee: 6% of each tranche, paid in common shares
- First tranche finder's fee: 500,000 common shares at C$0.06 per share
- Subsequent tranches: Finder's shares priced at 5-day volume-weighted average trading price on CSE
- Issuance of Finder's Shares subject to CSE acceptance and securities law compliance
- Belgravia focuses on tech, finance, cryptocurrencies, AI, media, digital streaming, resources, and commodities sectors
- Investments considered high risk; potential for significant volatility and losses
- Contact: Mehdi Azodi, President & CEO, (416) 779-3268, mazodi@blgv.ca
AI Summary:
- Doubleview Gold Corp. completed non-brokered private placement for $750,000 gross proceeds
- 1,000,000 flow-through shares issued at $0.75 per share
- 57,217 finder's shares issued at volume weighted average price of $0.66
- Securities subject to four-month and one day hold period
- Proceeds to fund exploration at Hat Project (northwestern BC) and Red Spring Project (central BC)
- Hat Deposit scandium potential: 300–500 million tonnes at average grade 40 ppm (0.004%) Sc2O3
- Closing subject to regulatory approvals, including TSX Venture Exchange
- Doubleview trades on TSXV: DBG, OTCQB: DBLVF, FSE: 1D4
- Focus on gold, copper, cobalt, scandium, silver projects in British Columbia
- Qualified Person: Erik Ostensoe, P. Geo.
AI Summary:
- Ucore Rare Metals Inc. to hold ground-breaking ceremony May 29, 2025, for Louisiana Strategic Metals Complex (SMC) in Alexandria, Louisiana
- SMC: 80,800-square-foot brownfield facility under long-term lease at England Airpark (former U.S. Air Force base)
- Facility to produce high-purity rare earth oxides from global feedstock sources
- SMC is first commercial deployment of RapidSX™ advanced solvent extraction technology
- Target REEs: neodymium, praseodymium, dysprosium, terbium (used in EVs, wind turbines, defense)
- U.S. Department of Defense awarded Ucore a US$18.4 million project extension under IBAS Program for construction and equipment procurement
- State of Louisiana and local partners providing US$15+ million incentive package
- England Airpark site located within federally designated Foreign Trade Zone (FTZ) for potential duty deferrals/reductions on imports
- Ucore aims to disrupt China’s control of North American REE supply chain
- Future plans: additional SMCs in Canada and Alaska; development of 100%-owned Bokan-Dotson Ridge Rare Heavy REE Project in Alaska
- Ucore listed on TSXV (UCU) and OTCQX (UURAF)
- Forward-looking statements caution on project risks, funding, technology viability, and market conditions
AI Summary:
- Glenstar Minerals Inc. completed its first-ever drill program on the Green Monster property, southern Nevada
- Drilling finished under budget and ahead of schedule
- 4 targets tested within a 100 sq. metre area; 1 target outside main area (magnetic high outcrop)
- Magnetic high target (hole GMST-4): oxide and sulfide mineralized sequence found from 150 ft to 300 ft down-hole, beneath 100 ft gravel cover
- All holes intersected dolomite veining in the Green Monster fault zone
- Hole GMST-5: 35 ft of dolomite veining with fine-grained sulfide mineralization from 180 ft to 215 ft below surface
- Samples shipped to ALS in Vancouver, B.C. for assay
- Green Monster Fault Zone: ~30 km in length, known for copper, with nickel, cobalt, zinc anomalies
- Green Monster Property: 35 federal lode claims, ~700 acres, Clark County, Nevada, ~40 miles SW of Las Vegas
- 2022 sampling: 1.18 m at 3.77% Cu, 3.06% Ni, 0.21% Co, 6.83% Zn (channel sample); boulders >10% Zn, >200 ppm Ag, plus Cu, U, Pb
- No previous drilling before May 2025
- Previous groundwork: mapping, rock/soil sampling, drone magnetic survey
- Drilling used Grasshopper reverse circulation rig; dry drilling reduced costs and environmental impact
- Glenstar trades: CSE (GSTR), FSE (VO2), OTCQB (GSTRF)
- Project geologist: Robert Marvin, P.Geo (ONT), overseeing since Jan 2022
- Awaiting assay results to confirm preliminary findings
AI Summary:
- Cosa Resources Corp. reports results from ambient noise tomography (ANT) surveys at 100% owned Ursa and Orion uranium projects in Athabasca Basin, Saskatchewan
- ANT surveys identified kilometre-scale velocity anomalies at Ursa and Orion, possibly indicating significant uranium-bearing hydrothermal systems
- Drilling on trend with all target areas intersected weak uranium mineralization, altered and geochemically enriched structural zones, and graphitic basement rocks
- Only 21 drill holes completed within the 65-kilometre-long Ursa Project; significant underexplored area remains
- Ursa: ANT covered 27 km of Kodiak trend; two high-priority target areas identified (U1 and U2)
- U1: tested by drill hole UR24-06, intersected over 100 metres of continuous sandstone alteration, including a 65-metre-long altered zone and weak uranium mineralization
- U2: approx. 2 km long, historical drill hole CR-04 intersected lost core, fracturing, illite, and uranium enrichment
- Orion: three priority ANT targets identified (O1: 1,700 x 800 m; O2: 1,800 x 900 m; O3: 1,600 x 700 m)
- Next steps: ground EM surveying at Ursa, reinterpretation of EM surveys at Orion, follow-up diamond drilling planned
- 2025 summer exploration: drilling at Murphy Lake North Joint Venture, geophysics at Cosmo and Orion, target generation at Darby Lake Joint Venture
- Cosa portfolio: approx. 237,000 ha across multiple 100% owned and JV projects in Athabasca Basin
- January 2025: strategic collaboration with Denison Mines; Denison is Cosa’s largest shareholder
- Murphy Lake North JV: 70/30 split between Cosa and Denison, located within 3 km of Hurricane deposit
- Initial winter 2025 drilling at Murphy Lake North intersected broad zones of hydrothermal alteration; expanded summer drill campaign planned
- Cosa management awarded 2022 AME Colin Spence Award for discovery of IsoEnergy’s Hurricane deposit
- Technical disclosure: some historical data unverified or destroyed; results referenced for qualitative purposes only
AI Summary:
- Dolly Varden Silver Corporation (TSXV: DV, NYSE American: DVS, FSE: DVQ) launched 2025 Exploration Drill Program at 100% owned Kitsault Valley Project
- Four diamond drills operating; initial focus on Moose Vein and Red Point, now all on Wolf Vein step outs (southwest side)
- 35,000 meters planned for 2025 drill program
- Meterage split: approx. 60% Dolly Varden Properties (south, incl. Big Bulk copper-gold porphyry), 40% Homestake Ridge Property (north)
- Wolf Vein: targeting structural intercepts, expansion potential along strike to south
- Last 120m step-out hole DV24-421: 379 g/t Ag, 0.64% Pb, 0.66% Zn over 21.69m; incl. 1,804 g/t Ag, 4.36% Pb, 3.10% Zn over 1.67m (Jan 7, 2025 release)
- Moose Vein: 1.5 km north of Wolf; 2023 hole DV23-371: 712 g/t Ag over 1.00m, within 269 g/t Ag over 7.55m (Nov 6, 2023 release)
- Red Point: northwest of Kitsault River, ~6 km from Homestake Ridge; 2024 hole DV24-400: 21.10 g/t Au over 0.50m, within 0.79 g/t Au over 20.15m (Jan 7, 2025 release)
- Project area: 770 sq. km in BC’s Golden Triangle, 25 km by road to tidewater
- Project includes past producing Dolly Varden, Torbrit, Homestake, Kinskuch, Big Bulk, and Porter Idaho Silver mine (4 km from Stewart, BC)
- QA/QC: CIM Best Practices, certified standards, blanks, field duplicates, 5% third-party lab checks
- Analytical testing by ALS Canada Ltd.; 48-element ICP-MS, fire assay for Ag and Au
- Qualified Person: Rob van Egmond, P.Geo., VP Exploration
- Forward-looking statements include exploration, development, and acquisition plans; risks disclosed in AIF (April 30, 2025) and Form 40-F
AI Summary:
Gold Finder Resources Ltd. (TSXV: GLD, OTCQB: GLDFF) uplisted to OTCQB® Venture Market in US, effective May 28, 2025
Trading symbol on OTCQB: GLDFF; TSX Venture Exchange: GLD
OTCQB is a premier marketplace for early-stage and developing companies in the US
Eligibility requires current reporting, annual verification, management certification
Uplisting aims for increased US investor visibility, improved liquidity, higher reporting standards
Company focus: mineral exploration, discovery-stage properties, value creation, partnership for development
President: Gregory Lytle; Direct line: (604) 839-6946
Company address: 179 - 2945 Jacklin Road, Suite 416, Victoria, BC, V9B 6J9
Forward-looking statements disclaimer included
Source press release: https://www.newsfilecorp.com/release/253607
AI Summary:
- Homerun Resources Inc. (TSXV: HMR, OTCQB: HMRFF) appoints Tom Fontaine as new Director
- Tom Fontaine: 30+ years experience in energy and technology, capital markets, advanced materials
- Homerun focuses on green energy solutions using advanced silica, photovoltaic, and energy storage technologies
- 120,000 tonnes per year (tpy) silica processing plant in development
- Partnership with University of California - Davis for zero-waste thermoelectric purification and advanced materials processing
- Building Latin America's first high-efficiency solar glass facility: 365,000 tpy capacity
- Specialization in perovskite photovoltaics
- European leader in B2B alternative energy marketing and sales
- Commercializing AI-based energy management and control systems (hardware and software)
- Partnership with U.S. Dept. of Energy/NREL on long-duration energy storage using high-purity silica sand
- Six profit centers within vertical integration strategy, all leveraging HPQ silica
- 3-phase development plan: all key milestones achieved, including government partnerships and IP breakthroughs
- Strong ESG commitment and sustainable production technologies
- Advancing revenue generation and vertical integration in 2025
- Contact: Brian Leeners (CEO) +1 604-862-4184, Tyler Muir (Investor Relations) +1 306-690-8886
AI Summary:
- Elemental Altus Royalties Corp. (TSXV: ELE, OTCQX: ELEMF) holds key royalties over Laverton and Hercules gold projects in Western Australia
- Genesis Minerals acquired the Laverton Project for A$250 million from Focus Minerals
- Elemental Altus holds an uncapped 2% gross revenue royalty over 67 km² of Laverton, covering approx. 1.8 million ounces of gold
- Laverton district has produced over 28,000,000 ounces of gold historically
- Genesis' Laverton mill: 3 Mtpa capacity, ~30 km from project, currently toll-treating third-party ore
- Lancefield underground mine (within royalty area): Inferred Resource of 790,000 ounces at 6.3 g/t Au
- At Hercules (part of South Kalgoorlie Operations), Elemental Altus holds A$10/oz production royalty and A$1 million discovery bonus
- Hercules maiden Resource: Indicated 7.4 Mt @ 2.1 g/t Au for 491,000 ounces; Inferred 5.9 Mt @ 2.2 g/t Au for 425,000 ounces (total ~900,000 ounces)
- Underground Probable Ore Reserve at Hercules: 246,000 ounces
- Deep exploration at Hercules: positive results including 6.1 m @ 14.7 g/t Au, 6.0 m @ 12.9 g/t Au, 19.4 m @ 6.4 g/t Au
- Kanowna Belle processing facility (for Hercules ore): 55 km away, 89% gold recovery achievable
- SKO royalty area (now consolidated): covers 177 km² of Northern Star’s licence area, includes Hercules and HBJ mines
- Elemental Altus: 10 producing royalties, diversified portfolio, focus on uncapped royalties and streams over producing/near-producing mines
- Additional drilling at Hercules planned for FY 2026 to expand resources and reserves
- Company aims to build a global gold royalty business with strong growth profile and reduced risk
AI Summary:
- Lion Rock Resources Inc. (TSXV: ROAR, FSE: KGB, OTC Pink: LRRIF) announced gold assay results from Volney Project, South Dakota
- Surface sampling results: 189.5 g/t Au from float material, 14.0 g/t Au from bedrock
- Multiple distinct gold target zones confirmed; strong potential for further discoveries
- Volney Project located 20 km southwest of Spearfish in Black Hills Mining District
- Black Hills region has produced over 62 million ounces of gold, including from Homestake Mine
- Volney hosts high-grade gold, lithium, and tin; features Giant Volney pegmatite (635 m long LCT pegmatite, untested at depth)
- Project consists of private claims with surface and mineral rights, enabling rapid permitting and advancement
- Sampling: 1-3 kg per grab or chip sample, selective in nature
- Samples prepared by Bond Mineral Services (ISO-certified), analyzed by ALS Geochemistry (ISO 17025:2017 accredited)
- Company led by experienced team with track record in mineral discoveries, project development, and financing
- Caution regarding forward-looking information and associated risks disclosed
AI Summary:
- Pasofino Gold Limited closed non-brokered private placement at C$0.50 (US$0.36) per Unit
- Gross proceeds: approx. C$5.0 million (US$3.6 million)
- Offering closed May 27, 2025
- 10,000,000 common shares and 5,000,000 warrants issued
- Each warrant allows purchase of 1 share at C$0.75 for 24 months
- Warrants may expire early if share price ≥ C$0.90 for 15 consecutive trading days
- 4-month hold period on securities, expiring September 28, 2025
- Finder's fee paid: C$57,312
- CEO Brett Richards: lead order of 400,000 Units (C$200,000)
- Mansa Resources Limited (affiliate of Hummingbird Resources plc, 50.78% shareholder): 5,176,000 Units (C$2,588,000)
- Insiders took 55.76% of Offering (C$2,788,000)
- Proceeds to advance Dugbe Gold Project and for working capital
- Dugbe Gold Project: 2,078 km² in southern Liberia, part of Birimian Supergroup
- Two deposits: Dugbe F (discovered 2009), Tuzon (2011), within 4 km of Dugbe Shear Zone
- Exploration: 74,497 m diamond coring by Hummingbird (to 2012), 14,584 m by Pasofino (2021)
- Mineral Resource Estimate (Nov 17, 2021): 3.3 Moz Measured & Indicated (1.37 g/t Au), 0.6 Moz Inferred
- Mineral Reserve Estimate after June 2022 Feasibility Study; 14-year Life of Mine
- 2019: 25-year Mineral Development Agreement with Liberia government
- Royalty rate: 3%, income tax: 25%, fuel duty reduced by 50%, Liberia gets 10% free carried interest
- Pasofino owns 100% of Dugbe Gold Project (before Liberia's 10% interest)
- Qualified Person: Andrew Pedley (SACNASP, NI 43-101 compliant)
- Pasofino Gold Limited listed on TSX Venture Exchange (VEIN), FSE: N07A
- Net proceeds to update 2022 feasibility study and reflect current gold prices/costs
AI Summary:
- First Majestic Silver Corp. reports new Santo Niño gold-silver discovery, 900 m south of Santa Elena plant, Sonora, Mexico
- Santo Niño vein traced over 1 km strike, 400 m down-dip; mineralization confirmed over 600 m strike, 200 m down-dip; average thickness ~4.5 m (range: 1–12.3 m)
- 23 diamond drill holes at Santo Niño; 13 with significant Au-Ag mineralization; 11 define continuous, higher-grade zone
- Santo Niño vein similar to Ermitaño deposit, 2.2 km east-southeast
- Navidad/Winter vein system expanded to 1.3 km strike, 450 m down-dip; Winter vein extended by 175 m, Navidad vein by 325 m eastward
- Drillhole EWUG-25-050 (Winter vein): 6.8 m @ 14.8 g/t Au, 642 g/t Ag (1,898 g/t AgEq); includes 1.2 m @ 29.5 g/t Au, 919 g/t Ag (3,427 g/t AgEq) and 2.5 m @ 21.2 g/t Au, 1,093 g/t Ag (2,897 g/t AgEq)
- Hole SE-25-19 (Santo Niño): 12.34 m @ 1.65 g/t Au, 113 g/t Ag (true width)
- Hole EW-25-389 (Navidad): 1.23 m @ 2.33 g/t Au, 158 g/t Ag; 3.75 m @ 6.06 g/t Au, 103 g/t Ag (true width)
- Nine drill rigs active; aggressive 2025 drill program planned to test strike length, depth, and new targets
- Santa Elena property now hosts four significant deposits: Santa Elena, Ermitaño, Navidad, Santo Niño
- First Majestic operates four producing underground mines in Mexico; owns Jerritt Canyon Gold project (Nevada, USA)
- Company holds 70% interest in Cerro Los Gatos Silver Mine (Mexico)
- QA/QC protocols in place; SGS and First Majestic Central labs used for sample analysis
- Qualified Person: Gonzalo Mercado, P.Geo., VP Exploration & Technical Services
- Company offers silver products for sale via First Mint, LLC
AI Summary:
- Magna Mining Inc. (TSXV: NICU, OTCQX: MGMNF, FSE: 8YD) now trading on OTCQX® Best Market under symbol "MGMNF"
- Upgraded from OTCQB® Venture Market
- Q1 2025 financial results and MD&A to be released after market close on May 29, 2025
- First quarterly results conference call and webcast scheduled May 30, 2025 at 8:00 am EDT
- Webcast link: https://www.gowebcasting.com/14081
- North America toll-free dial-in: 1-844-763-8274
- International dial-in: 1-647-484-8814
- Magna Mining operates copper, nickel, and PGM projects in Sudbury, Ontario
- Main assets: McCreedy West (producing), Levack, Podolsky, Shakespeare, Crean Hill (past producing)
- Contact: Jason Jessup (CEO), Paul Fowler, CFA (SVP), 705-482-9667, info@magnamining.com
- Additional info: www.magnamining.com, www.sedarplus.ca
AI Summary:
- Delta Resources Limited (TSXV: DLTA) announced assay results from 2025 drilling at Delta-1 Project, Thunder Bay, Ontario
- Drilling expanded mineralized envelope at Eureka to over 400 metres vertical depth and 600 metres west, now open along strike and at depth
- New gold zone discovered 250 metres south of Eureka, defined over 1 km strike length, open at depth and west
- Twelve (12) drill holes completed Jan-Apr 2025, totaling 5,909.80 metres
- Delta-1 project: 127 drill holes, 41,485 metres drilled since 2019
- Gold mineralization now intersected over 3.0 km strike, surface to 400 m depth, up to 150 m true width
- West extension: D1-25-124 returned 0.44 g/t Au over 11.9 m, extends mineralization to 3 km strike
- West rake: D1-25-125: 0.49 g/t Au over 13.0 m, 0.70 g/t Au over 35.5 m (incl. 1.17 g/t Au over 17.5 m); D1-25-126: 1.19 g/t Au over 15.5 m, 0.30 g/t Au over 17.0 m
- Central gap: D1-25-116 & D1-25-127: 0.57 g/t Au over 39.5 m, 0.60 g/t Au over 15.5 m, 0.44 g/t Au over 6.2 m
- Main rake: D1-25-117: 0.72 g/t Au over 4.5 m, 0.62 g/t Au over 23.8 m; D1-25-122: 0.52 g/t Au over 16.7 m, 0.35 g/t Au over 13.5 m, 1.33 g/t Au over 9.0 m; D1-25-119A: anomalous gold over 194 m at 550 m vertical depth
- Vein-32 extension: D1-25-118A: 0.53 g/t Au over 26.3 m, 0.74 g/t Au over 7.5 m
- Deep volcanics: D1-25-120: 0.41 g/t Au over 9.0 m, 0.38 g/t Au over 5.0 m, 2.9 g/t Au over 2.9 m
- South Horizon: D1-25-123: 0.84 g/t Au over 11.0 m (incl. 1.02 g/t Au over 8.1 m), zone 250 m south of Eureka, possibly 1 km strike length
- Historical intercepts in South Horizon: up to 11.4 g/t Au over 0.8 m, 6.25 g/t Au over 1.3 m, 1.45 g/t Au over 6.0 m
- Delta-1 gold deposit: 2.5 km long, surface to 300 m depth; highlights include 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), 1.79 g/t Au over 128.5 m
- Property covers 308 sq km, multiple alteration corridors identified
- Delta has over $3 million cash, no debt, exploration fully financed for 2025
- Next phase: geological mapping, prospecting, sampling, trenching, further drilling
- Assays performed at AGAT Laboratories, ISO 17025 accredited, with robust QA/QC protocols
AI Summary:
- Midnight Sun Mining Corp. (TSXV: MMA, OTC Pink: MDNGF) entered Earn-In and Operating Agreement with Zambezi Mint Investment Limited
- Agreement covers 366 sq km Luswishi Dome Project, ~40 km southeast of Solwezi Project, Zambia
- Luswishi Dome is last remaining dome in district not controlled by a major or Midnight Sun
- Project includes significant historical data package, allowing for fast-tracked exploration
- Earn-In Agreement terms:
- Stage 1: Earn 51% by spending CAD $750,000 on exploration/development within 24 months
- Stage 2: Earn additional 19% (total 70%) by sole funding NI 43-101 inferred mineral resource within 24 months of Stage 1 completion
- Stage 3: Earn additional 10% (total 80%) by sole funding pre-feasibility study within 36 months of Stage 2 completion
- No obligation to complete all stages; no firm spend required
- Luswishi Dome located in Zambia-Congo Copperbelt, world’s second largest copper producing region
- Solwezi Project is adjacent to First Quantum’s Kansanshi Mine, Africa’s largest copper mining complex
- Qualified Person: Darin Labrenz, P.Geo., reviewed and approved technical data
- Contact: Adrian O'Brien, Director of Marketing and Communications, Tel: +1 604 809 6890, adrian@midnightsunmining.com
AI Summary:
- Southern Cross Gold Consolidated (TSXV: SXGC, ASX: SX2) reports results from 8 diamond drill holes at the 100%-owned Sunday Creek gold-antimony project, Victoria, Australia
- SDDSC161 (Rising Sun): 3.4 m @ 466.4 g/t AuEq (including 2.4 m @ 671.0 g/t AuEq); 0.2 m @ 4,700 g/t Au (3rd highest assay); 0.3 m @ 1,510 g/t Au (9th highest assay)
- SDDSC156 (Christina-Golden Dyke): 125 m mineralized zone, 7 vein sets (6 new); best intercept 3.0 m @ 13.7 g/t AuEq (including 1.6 m @ 24.0 g/t AuEq)
- SDDSC155A: 40-50 m down dip extensions; 0.1 m @ 370.7 g/t AuEq
- SDDSC157: 40-120 m down dip extensions; 0.4 m @ 162.6 g/t AuEq (including 0.2 m @ 262.7 g/t AuEq)
- SDDSC152: intersected 25 m of dyke at 940 m depth; 130-170 m step-out below existing mineralization
- 64 intersections >100 g/t AuEq x m; 72 intersections between 50-100 g/t AuEq x m; 173 drill holes, 82,619 m drilled since late 2020
- 24 holes pending analysis; 8 currently being drilled
- Project covers 16,900 Ha; SXGC owns 1,054.51 Ha freehold land
- Vein system defined over 1,500 m strike; 74 high-grade 'rungs' identified (20 g/t to >7,330 g/t Au)
- Antimony: 21-24% of in-situ value at Sunday Creek; AuEq calculation: Au (g/t) + 2.39 x Sb (%)
- China controls 56% of global antimony supply; export restrictions since Sept 2024; antimony exempt from April 2025 US reciprocal tariffs
- Sunday Creek: one of the Western world’s largest undeveloped gold-antimony projects; strategic for Western defense/semiconductor sectors
- Gold recoveries: 93-98% (gravity/flotation); non-refractory mineralization
- Strong cash position; 60 km drill program planned through Q3 2025
- Qualified Persons: Michael Hudson (President & CEO), Kenneth Bush (Exploration Manager)
- No upper gold grade cut applied; true thickness ~50-60% of reported intervals
- Project located 60 km north of Melbourne, within the Melbourne Structural Zone, Lachlan Fold Belt
AI Summary:
- First Phosphate Corp. closed a non-brokered private placement financing on May 27, 2025
- Total raised: $2,391,155
- 4,391,880 Flow-Through Shares issued for $1,764,658
- 1,789,990 Hard Dollar Units issued (includes 1,789,990 Common Shares and 894,995 Warrants) for $626,497
- Total raised to date since June 2022: $22.7 million across 7 management-led non-brokered private placements
- Finder's fees: $800 paid
- 239,918 Compensation Shares issued at $0.35 per share
- 213,633 Compensation Warrants issued, exercisable at $0.50 per share until December 31, 2025
- All securities subject to four-month and one day hold period
- Insider participation: Laurence W. Zeifman purchased 285,714 Flow-Through Shares; Peter Nicholson purchased 714,286 Flow-Through Shares
- Related party transactions exempt from formal valuation and minority shareholder approval under MI 61-101
- Company may close another tranche of the Offering at its discretion
- Proceeds to be used as disclosed in May 9, 2025 press release
- First Phosphate focuses on high-purity phosphate for the LFP battery industry, with flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec
- Vertically integrated model targets North American battery supply chains
- No offer or sale of securities in the United States; securities not registered under U.S. Securities Act
AI Summary:
- First Phosphate Corp. closed a non-brokered private placement on May 27, 2025
- Total funds raised: $2,391,155
- Issued 4,391,880 flow-through shares for gross proceeds of $1,764,658
- Issued 1,789,990 units (1,789,990 common shares + 894,995 warrants) for gross proceeds of $626,497
- Company has raised approximately $22.7 million across seven management-led private placements since June 2022
- Paid $800 in finder’s fees
- Issued 239,918 compensation and advisory shares at $0.35 per share
- Issued 213,633 compensation warrants, exercisable at $0.50 per share until December 31, 2025
- All securities subject to a four-month plus one day hold period
- Insiders Laurence W. Zeifman acquired 285,714 flow-through shares; Peter Nicholson acquired 714,286 flow-through shares
- Related party transactions exempt from formal valuation and minority approval as per Regulation 61-101 (do not exceed 25% of market cap)
- Company may close additional tranches at its discretion
- Proceeds to be used as previously disclosed (May 9, 2025 press release)
- First Phosphate focuses on high-purity phosphate for lithium iron phosphate (LFP) battery industry
- Flagship project: Bégin-Lamarche property, Saguenay-Lac-Saint-Jean, Québec
- Not an offer or solicitation in the US; securities not registered under US Securities Act of 1933
- Completion of placement subject to conditions and approvals
AI Summary:
- K2 Gold Corporation (TSXV: KTO, OTCQB: KTGDF, FSE: 23K) secures 100% ownership of Mojave Project in Inyo County, California
- All remaining obligations under the original agreement completed
- Mojave Project located in underexplored, highly prospective region in southern California
- Project demonstrates multiple high-grade gold targets and district-scale potential
- K2 Gold to advance systematic exploration and development with full ownership
- Technical information reviewed by Eric Buitenhuis, M.Sc., P.Geo., Vice President of Exploration, in accordance with NI 43-101
- K2 Gold is a member of Discovery Group, focused on gold discoveries in North America
- Contact: Office in Canada at 778-266-1456, info@k2gold.com
- Cautionary statement on forward-looking information included
- News release date: May 28, 2025
AI Summary:
- Scorpio Gold Corporation appoints Leo Hathaway as Executive Technical Director and Board member
- Leo Hathaway: 30 years mineral exploration experience, P. Geo., BSc (Hons) Applied Geology, MSc Mineral Exploration
- Current roles: Executive Chairman, Golden Shield Resources Inc.; Senior VP, Lumina Gold Corp.
- Key achievements: Led acquisition, advancement, sale of 10 Lumina Copper projects for $1.65bn; involved in Ventana Gold’s La Bodega project $1.5bn sale; advanced Lumina Gold’s 20.5moz Cangrejos gold project
- Scorpio Gold holds 100% interest in Manhattan District (~4,780 hectares) and Mineral Ridge Mine, both in Nevada, USA
- Manhattan District: advanced exploration stage, includes Goldwedge Mine (400 ton/day gravity mill), 4 past-producing pits acquired from Kinross in 2021, over 100,000 metres historical drilling
- Mineral Ridge: produced 222,440 oz gold (2010-2017); has proven and probable resources, permits, water rights, infrastructure; near-term development potential
- Manhattan District located 10 miles south of Kinross’s Round Mountain operation
- Focus: exploration-led growth, resource expansion at Manhattan, development at Mineral Ridge
- Company trades: TSXV: SGN, OTCQB: SRCRF, FSE: RY9
- Contact: CEO Zayn Kalyan, (604)-252-2672, zayn@scorpiogold.com; Investor Relations: Kin Communications, (604) 684-6730, SGN@kincommunications.com
AI Summary:
Resourcing Tomorrow 2025 returns to London, December 2-4
First wave of confirmed speakers includes Barrick Mining Corp CEO/President Mark Bristow and Endeavour Mining EVP Sonia Scarselli
Event focuses on global race for minerals/metals, geopolitical dynamics, sustainability, resilient supply chains
Over 2,000 industry leaders expected from mining, energy, finance, policy sectors
Agenda covers capital flows, resource security, innovation, regulatory challenges
Features senior executives, policymakers, investors, innovators
More speakers to be announced in coming weeks
Registration and info at www.resourcingtomorrow.com
AI Summary:
Q1 2025 Financials
- 22,750 oz gold sold (Q1 2024: 17,420 oz)
- Average gold price: US$2,720/oz (Q1 2024: US$2,033)
- Cash operating cost: US$711/oz (Q1 2024: US$418)
- All-in sustaining cost (AISC): US$950/oz (Q1 2024: US$632)
- Revenue: US$64.0 million (Q1 2024: US$33.3 million)
- EBITDA: US$43.6 million (Q1 2024: US$23.2 million)
- Net income: US$34.4 million (Q1 2024: US$12.4 million)
- Net cash: US$24.7 million (Q1 2024: net debt US$14.3 million)
- Maiden quarterly dividend: CAD$0.125/share (annual: CAD$0.05/share)
Segilola Gold Mine Operations
- Gold poured: 22,790 oz (Q1 2024: 18,543 oz)
- Gold recovered: 22,594 oz (Q1 2024: 19,589 oz), recovery rate 93.7% (Q1 2024: 90.7%)
- Ore processed: 231,825 t at 3.24 g/t Au
- Ore mined: 272,375 t at 2.42 g/t Au
Exploration Updates
- Segilola: Ongoing underground diamond drilling, 40 m spaced sections, updated resource expected before end 2025
- Regional Nigeria: New Owode target identified south of Segilola, RC drilling commenced after Q1
- Ondo project: 50 km south of Segilola, 2,000 m scout drilling to start June 2025
Douta (Senegal)
- Baraka 3 Prospect:
- Drillhole DTWRC129: 19 m at 2.46 g/t Au from 29 m
- Drillhole DTWRC134: 26 m at 1.31 g/t Au from 21 m
- 12,000 m drilling program at Baraka 3 in Q2 2025, results to feed into Pre-Feasibility Study (PFS)
Côte d'Ivoire
- Guitry: 2,000 m drilling program to start Q2 2025
- Marahui: 4 km x 200 m anomaly, rock chip samples up to 19.3 g/t Au, drilling to start late Q3 2025
ESG & Community
- Water withdrawal intensity down 53% vs Q1 2024, reclaimed water use up 25%
- Energy intensity down 17% year-on-year
- One Lost Time Injury (LTI) in Q1
- Community projects: high school, Oba’s palace, two road reconstructions, handover in Q2 2025
- ESG data reporting aligned with GRI, 2024 report due Q2 2025
Outlook
- 2025 production guidance: 85,000–95,000 oz gold
- 2025 AISC guidance: US$800–US$1,000/oz
- Advance exploration and drilling at Segilola, Douta, and Côte d'Ivoire
- Continue progress towards Douta PFS
Corporate
- Investor webinar: June 2, 2025, 3:00pm BST
- Thor Explorations: 100% interest in Segilola (Nigeria), 70% economic interest in Douta (Senegal)
- Listed on TSXV and AIM under "THX"
AI Summary:
- Graphano Energy Ltd. (TSXV: GEL, FSE: 97G0) completed current exploration phase on Black Pearl graphite property, Québec, Canada
- Black Pearl advanced to drill-ready status; size potential expanded
- Folded trend identified: approx. 1.2 km length, multiple graphite-related conductive zones, surface widths up to 300 m
- Trend remains open to the north
- Next step: additional ground geophysical surveys before first-phase drilling
- Discovery made in 2024 via prospecting
- Channel sampling results: 15.1% Cg over 14 m; 17.9% Cg over 9 m
- 7 km of line cutting and ground geophysics completed
- Bedrock stripping uncovered high-grade graphite zones: 0.5–2.0 m thickness, approx. 100 m strike length (between L400N and L500N)
- Channel sampling results for new zones pending
- St-Pierre Exploration (Amos, Québec) conducted program
- Graphano’s Lac aux Bouleaux property is adjacent to Canada’s only producing graphite mine
- Company aims to supply high-quality graphite for electric energy transition and expansion
- Cautionary note: forward-looking statements subject to risks and uncertainties; actual results may differ
AI Summary:
- Argyle Resources Corp. filed an amended offering document for a previously announced unit offering
- Up to 2,000,000 units offered at C$0.50 per unit
- Aggregate gross proceeds up to C$1,000,000
- Each unit: 1 common share + 0.5 share purchase warrant
- Each whole warrant exercise price: $0.61 (corrected from $0.55)
- Warrant exercisable for 24 months after offering completion
- Offering under LIFE Exemption in all Canadian provinces except Quebec; no resale restrictions under Canadian law
- Net proceeds to be used for general working capital and as described in the amended document
- Offering scheduled to close on or about June 6, 2025
- Minimum raise condition: $750,000
- Subject to customary conditions and Canadian Securities Exchange approval
- Securities not registered under U.S. Securities Act; not for U.S. persons or distribution in the U.S.
- Argyle Resources: junior mineral exploration company, 100% interest in Pilgrim Islands, Matapédia, Lac Comporté, Saint Gabriel quartzite silica projects (Québec)
- Option to acquire 100% of Clay Howell Rare Earths Project (Ontario) and Frenchvale Graphite Property (Nova Scotia)
- Research partnership with National Institute of Scientific Research (INRS), Québec
- Incorporated in 2023, head office in Calgary, Alberta
- Contact: info@argylresourcescorp.com, (825) 724-0033, www.argyleresourcescorp.com
AI Summary:
- Captor Capital Corp. acquires US$500,000 in Bitcoin for treasury holdings
- Issues unsecured convertible loan notes totaling US$450,000 to a European institutional investor
- Notes convertible into common shares at closing price on CSE before May 27, 2026 or earlier conversion
- Notes not listed on any stock exchange; no listing planned
- Proceeds to support general working capital and investment strategies
- Aims to drive sustainable growth and deliver long-term shareholder value
- Leadership highlights financial flexibility and strategic vision
- Captor Capital: Canadian investment firm focused on diversified portfolio, including digital assets
- Contact: John Zorbas, Director, info@captorcapital.com, (416) 827-5109
- Forward-looking statements include risks and uncertainties regarding execution of business and investment strategies
AI Summary:
- Plethora Green Energy Corp. fully exercised its option to acquire 100% interest in mineral claims in St. Laurent Township, Ontario from Voltage Metals Corp.
- Option agreement dated October 16, 2023
- Option fully exercised and property transferred on May 12, 2025
- Voltage Metals received $450,000 for acceleration of remaining payments
- Voltage retains a 1.5% net smelter return royalty on the property
- Voltage Metals Corp. trades on CSE: VOLT
- Company focuses on critical metals exploration and development in Canada
AI Summary:
- Surface Metals Inc. granted 2,250,000 incentive stock options to directors and officers
- Exercise price: C$0.15 per share
- Option term: 5 years from date of grant
- Company holds 90% interest in Cimarron Gold Project, Nye County, Nevada
- Advancing lithium brine resource at Clayton Lake Valley, Nevada via ACME Lithium US Inc.
- Holds sedimentary lithium claystone project at Fish Lake Valley, Nevada
- Strategic exploration agreement with Snow Lake Resources Ltd. for lithium projects in Shatford, Birse, and Cat-Euclid Lakes, southeastern Manitoba
- Company trades on CSE: SUR and OTCQB: SURMF
- CEO, President, and Director: Steve Hanson
- Contact: (604) 564-9045, info@surfacemetals.com
AI Summary:
- Premier American Uranium Inc. (TSXV: PUR, OTCQB: PAUIF) welcomes four Executive Orders issued by President Donald J. Trump on May 23, 2025
- Orders aim to accelerate U.S. nuclear energy growth and restore domestic uranium supply chain control
- U.S. domestic uranium production currently supplies only 5% of reactor demand
- Executive Orders call for transformational scale-up of nuclear infrastructure, procurement programs, public-private partnerships, and rebuilding a vertically integrated fuel supply
- PUR’s assets located in three key uranium districts: Powder River Basin (WY), Grants Mineral Belt (NM), Uravan Mineral Belt (CO)
- Focus on near-term exploration and development in Wyoming, New Mexico, and Colorado
- Regions benefit from supportive state policies, existing infrastructure, and mining history
- PUR backed by Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors
- Company aims to strengthen U.S. energy security and support clean energy transition through uranium project consolidation, exploration, and development
- No known mineral reserves; forward-looking statements subject to risks and uncertainties
AI Summary:
- Q1 2025 gold production: 8,262 oz; silver production: 36,466 oz (Mercedes mine)
- Revenue: $23.7 million
- Cost of goods sold: $16.3 million
- Depletion, amortization, depreciation: $9.3 million
- Gross loss: $1.9 million; operating loss: $5.5 million
- Net loss: $13.3 million ($0.06 per share)
- Cash and equivalents (March 31, 2025): $6.7 million
- Net working capital deficiency: $88.2 million (vs. $97.0 million at Dec 31, 2024)
- Accounts payable: $30.0 million; current portion of note payable: $22.1 million; current portion of stream arrangements: $8.8 million; convertible debentures and notes: $48.8 million
- Operating activities used $3.2 million cash; investing used $5.9 million; financing generated $9.0 million
- Private placement: 64,445,000 shares at C$0.225/share; gross proceeds $10 million (C$14.5 million)
- Sandstorm Note: up to US$6.5 million, US$600,000/month credit, 7% interest, maturity Sept 22, 2028, conversion price C$0.73/share; $1.2 million drawn post-Q1
- Deferred interest on certain debts (Feb-Nov 2025) to Dec 31, 2025; 7% interest compounded monthly
- 2,469 meters of development at Mercedes in Q1 2025
- Mineral Resource delineation/conversion drilling: $0.4 million spent in Q1 2025
- No fatalities, lost time, or reportable environmental incidents in Q1 2025
- Strategic review process initiated; Christian Milau engaged as strategic advisor
- Board changes: Andrew Swarthout, Sandra Daycock retired; Peter C. Mitchell, Ian Grundy appointed
- Eduardo Flores appointed SVP, Business Development
- Corani Project: focus on Oxides opportunity, geometallurgical testing, community support; economic study on Oxides deferred
- Material uncertainty remains regarding ability to continue as a going concern; further financing may be required
- No production guidance for Mercedes Mine for 2025 provided
AI Summary:
- Magma Silver Corp. closed second tranche of non-brokered private placement for CAD $597,850
- Total gross proceeds for both tranches: CAD $1,500,000
- Second tranche: 5,978,500 units issued at CAD $0.10 per unit
- Each unit: 1 common share + 1/2 common share purchase warrant
- Each whole warrant exercisable at $0.20 per share, valid for 24 months
- Warrants subject to acceleration if shares trade at or above $0.50 for 10 consecutive days
- $22,000 paid in finder's fees; 220,000 finder's warrants issued (exercise price $0.20, 24 months)
- Insider participation: 28,500 units to directors/officers/insiders for $2,850
- Securities subject to 4 months + 1 day hold period
- Proceeds to fund Niñobamba silver gold project in Peru and general working capital
- Exempt from formal valuation and minority shareholder approval under MI 61-101
- Securities not registered under US Securities Act of 1933; not for US distribution
- Magma Silver Corp. focused on precious metal mining, primarily Niñobamba project in Peru
AI Summary:
All resolutions at Galleon Gold Corp. Annual and Special Meeting on May 27, 2025 approved
Directors elected: R. David Russell, Thomas Kofman, James T. O'Neil Jr., Mario Colantonio, Gerhard Merkel, Michael Hobart, Richard F. Nanna
Doane Grant Thornton LLP re-appointed as independent auditors
Continuation of stock option plan approved
Interest payment on convertible debentures: $154,204.65 satisfied by issuing 601,207 common shares
Common shares subject to hold period until September 30, 2025
TSXV final acceptance received
Issuance of shares to insiders considered "related party transaction" but exempt from minority approval and valuation as value does not exceed 25% of market capitalization
Galleon Gold attending Canadian Mining Expo in Timmins, Ontario, June 4-5, 2025 at McIntyre Complex
West Cache Gold Project: 7 km NE of Pan American Silver's Timmins West Mine, 14 km SW of Newmont's Hollinger Mine
Closure Plan for 86,500-tonne underground bulk sample accepted; initial site work begun
AI Summary:
- Sage Potash Corp. (TSXV: SAGE, OTCQB: SGPTF) updates non-brokered private placement
- Offering: up to 16,000,000 units at $0.25 per unit
- Each unit: 1 common share + 1/2 non-transferable warrant
- Each whole warrant: exercisable at $0.35, valid for 2 years from closing
- Gross proceeds: up to $4 million
- Use of proceeds: exploration and general working capital
- Finders' fees may be paid in cash and/or securities
- All securities: 4 months + 1 day hold period
- Directors/officers may participate (related party transaction under MI 61-101)
- Exempt from formal valuation/minority shareholder approval (does not exceed 25% of market cap)
- Closing subject to TSX Venture Exchange acceptance
- Sage Potash focused on Sage Plain Property, Paradox Basin, Utah
- Contact: Peter Hogendoorn, CEO & Executive Chairman, +1 (604) 764-2158
- Website: www.sagepotash.com
AI Summary:
- CopAur Minerals Inc. increases non-brokered private placement from $400,000 to $600,000
- Offering now 6,000,000 units at $0.10 per unit
- Each unit: 1 common share + 0.5 common share purchase warrant
- Each warrant exercisable at $0.15 for 18 months (revised from 24 months)
- Acceleration clause: if shares trade at or above $0.20 for 10 consecutive trading days, warrant expiry may accelerate to 30 days after notice
- Upsize due to strong interest from strategic, industry-aligned investors
- Proceeds for general working capital and advancement of exploration, especially Kinsley Mountain Gold Project in Nevada
- Kinsley Mountain: Carlin-style gold project, 90 km south of Long Canyon mine (Newmont/Barrick JV)
- Company signals inflection point with new strategic and institutional interest
- Forward-looking statements include risks and uncertainties; actual results may differ
- Contact: Jeremy Yaseniuk, CEO, +1 (604) 773-1467, jeremyy@CopAur.com
AI Summary:
- SAGA Metals Corp. closed first tranche of non-brokered private placement for gross proceeds of $1,239,700.10
- First tranche raised $444,200.10 from 1,480,667 flow-through units at $0.30/unit and $795,500 from 3,182,000 hard dollar units at $0.25/unit
- Each unit includes one share and one warrant; warrants exercisable at $0.50 for 24 months
- 30-day extension granted to close final tranche by June 25, 2025
- $31,710.01 paid in finder's fees; 108,616 finder's warrants issued, exercisable at $0.50 for 24 months
- Warrants and finder's warrants subject to acceleration if share price equals/exceeds $0.75 for 10 consecutive trading days
- All securities subject to 4 months + 1 day hold period
- Insiders acquired 442,000 HD Units for $110,500
- Proceeds from FT Units for Canadian exploration expenses on Labrador properties; HD Units for working capital
- Flagship Double Mer Uranium Project in Labrador covers 25,600 hectares; 18km uranium trend, 14km confirmed, samples up to 0.428% U3O8
- Legacy Lithium Property in Quebec and Amirault Lithium Project cover 65,849 hectares, partnered with Rio Tinto
- Additional assets in Labrador for titanium, vanadium, iron ore exploration
- SAGA strategically positioned for critical minerals in green energy transition
- No securities offered or sold in the U.S.; not registered under U.S. Securities Act
- Forward-looking statements subject to risks and uncertainties
AI Summary:
CEO.CA, founded in 2012, is a leading investor social network for junior resource and venture stocks
Wholly owned subsidiary of EarthLabs, Inc.
Millions of annual visitors from over 164 countries
Industry-leading audience engagement and mobile functionality
Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) acquires 100% interest in Hawkins property, Ontario
Hawkins property includes McKinnon Gold Zone resource of over 300,000 ounces
McKinnon Zone remains open at depth and along strike; historic trenching within 1 km east of current resource boundary shows promising gold values
CEO.CA hosts 'Inside the Boardroom' weekly executive interview series
CEO.CA app available on iOS and Android
Caution: Forward-looking statements involve risks, uncertainties, and may differ from actual results
Contact: hello@ceo.ca, website CEO.CA
AI Summary:
- Brazil Potash Corp. (NYSE-American: GRO) launched Brazilian Depositary Receipts (BDRs) on B3, Brazil's main stock exchange
- BDRs trade under ticker GROP31, starting May 26, 2025
- Each BDR represents 1:1 of a common share; shares also trade on NYSE American as GRO
- Banco Bradesco S.A. is the depositary institution; BDRs are Sponsored Level I
- Autazes Project located in Amazonas state; aims to supply domestic potash fertilizer
- Brazil imported over 95% of potash fertilizer in 2021
- National Fertilizer Plan targets reducing fertilizer import dependence from 85% to 45% by 2050
- Initial planned annual potash production: up to 2.4 million tons
- Project could supply approximately 20% of Brazil’s current potash demand
- Anticipated 100% of production to be sold domestically
- Partnership with Amaggi for river barge transportation
- Project could mitigate approximately 1.4 million tons per year of GHG emissions
- Brazil is the world’s largest net exporter of agricultural products
AI Summary:
- Brazil Potash Corp. (NYSE-American: GRO) launched Brazilian Depositary Receipts (BDRs) on B3, Brazil’s main stock exchange
- BDRs trading code: GROP31; trading began May 26, 2025
- Each BDR represents 1 ordinary share of Brazil Potash (1:1 ratio)
- BDRs allow Brazilian investors direct access to Brazil Potash shares
- Supports Brazil’s National Fertilizer Plan: aims to reduce fertilizer import dependence from 85% to 45% by 2050
- Brazil imported over 95% of its potash fertilizer in 2021
- Brazil Potash developing Autazes Project in Amazonas state
- Planned initial annual production: up to 2.4 million tonnes of potash
- Expected to supply approximately 20% of Brazil’s current potash demand
- 100% of production targeted for domestic market
- Project aims to reduce greenhouse gas emissions by about 1.4 million tonnes per year
- Potash to be transported mainly via low-cost river barges in partnership with Amaggi
- BDRs issued as Sponsored Level I, under CVM 332 and CVM 480 regulations
- Banco Bradesco S.A. is the depositary institution for the BDR program
- Dual listing increases company visibility and investor base in North and South America
AI Summary:
- AJN Resources Inc. (CSE: AJN, FSE: 5AT) signed conditional heads of agreement with Godu General Trading S.C. to acquire up to 70% interest in Okote Gold Project
- Okote Gold Project area: 42.8 km², located ~100 km south of 4.5 Moz Lega Dembi Gold Mine (Ethiopia's largest gold producer)
- MIDROC previously drilled 88 holes (Reverse Circulation & Diamond) totaling 13,761 metres, covering ~2,400 m strike length; densest drilling in northern 1,000 m x 400 m
- Notable drill results: BH1100N/1 (18.13 m at 3.25 g/t Au, 25.05 m at 3.82 g/t Au, 12 m at 3.34 g/t Au, 13 m at 8.71 g/t Au)
- Broader shear zone drill results: 86.09 m at 0.38 g/t Au (BH6), 91.72 m at 0.34 g/t Au (BH8), 37.21 m at 0.41 g/t Au (BH13), 28.95 m at 0.75 g/t Au (BH1550N/2)
- 90-day due diligence period: mapping artisanal workings, logging selected holes, 1,500 m drilling program planned
- Okote Gold Project in Adola Gold Belt, Arabian-Nubian Shield, southern Ethiopia; geology includes metavolcano-sedimentary sequences, granitoids, schists, granodiorite, gabbroic intrusions
- Gold mineralization: NNE trending shear zone, en-echelon quartz veins, sulphides, tourmaline, free gold; limited vein continuity at depth
- Previous consultants suggest Okote has multimillion ounce potential
- AJN management/directors: over 75 years collective industry experience, focus on Africa, especially DRC
- Next steps: agreement and AJN capabilities to be presented to Oromia state authorities; field crews ready to mobilize
- Qualified Person: Mr. Dylan le Roux (SACNASP Reg. No. 155814), NI 43-101 compliant
- Contact: Sheena Eckhof, Director, Investor Relations, sheena@eckhofconsulting.com, +44 7496 291547
AI Summary:
- Q1 2025 revenue: $10.7 million (up 102% from $5.3 million in Q1 2024)
- Q1 2025 EBITDA: $1.0 million (vs. negative $3.6 million in Q1 2024)
- Q1 2025 net loss: $0.1 million (improved from $4.4 million net loss in Q1 2024)
- Cash at quarter-end: $6.6 million; no structured debt
- Retrospective accounting change: $0.8 million in exploration costs expensed Q1 2025, $1.2 million in Q1 2024
- Announced equity financing: up to $5.0 million
- Zacualpan/Guadalupe mill processed 35,012 tonnes in Q1 2025 (up 10% from 31,735 tonnes in Q1 2024)
- Silver production at Guadalupe: 149,449 oz (up 9% from 137,291 oz Q1 2024)
- Silver head grade: 157 g/t (down 2% from 161 g/t Q1 2024)
- Revenue per tonne sold: $202.37 (up 50% from $134.59 Q1 2024)
- Direct costs per tonne: $132.32 (up 3% from $128.12 Q1 2024)
- Plomosas mine processed 14,265 tonnes (up from 3,594 tonnes Q1 2024)
- Plomosas average grades: 11.0% zinc, 7.7% lead, 48 g/t silver
- Plomosas Q1 2025 sales: 1,008 tonnes zinc, 213 tonnes lead, 12,087+ oz silver
- Plomosas daily throughput: 159 tpd (up from 39 tpd Q1 2024); target 200 tpd in 2025
- Company doubled in size in under two years
- Focus on increasing zinc and gold production alongside silver
- Negotiating new offtake agreements; ongoing exploration at both assets
- Recorded conference call available May 28, 2025 on company website
- All figures in Canadian dollars unless specified
AI Summary:
- Dark Star Minerals Inc. (CSE: BATT, FSE: P0W) announces new marketing services agreements
- Mayfair Media (Mining.com.au) agreement: starts June 1, 2025, ends May 31, 2025; $3,890/month; platform reaches 100,000+ monthly readers; 7-day cancellation notice after 3 months
- Plutus Invest & Consulting GmbH (Germany): 12-month term from May 15, 2025; marketing fee up to €250,000 for European market campaigns
- Free Market Media Ltd. (Langley, BC): month-to-month agreement; up to $10,000/month in advertising expenses; services commence immediately
- All marketing partners operate at arm’s length and hold no securities in Dark Star
- Dark Star Minerals: focused on critical mineral resources, especially rare earths
- Option to acquire 100% of Ghost Lake claims (28,575 ha, Labrador)
- Definitive agreement to acquire 100% of Bleasdell Project (over 515 ha, Northern Saskatchewan)
- CEO & Director: Marc Branson
- Contact: investors@darkstarminerals.com, 604‐816‐2555
AI Summary:
- Spearmint Resources Inc. (CSE: SPMT) plans 1-for-10 share consolidation
- Current outstanding shares: 287,828,583
- Post-consolidation shares: approximately 28,782,858
- No fractional shares to be issued; less than half a share canceled, half or more rounded up
- Name and trading symbol change also planned
- Consolidation, name, and symbol change subject to Canadian Securities Exchange (CSE) approval
- Exercise price and number of shares for options, warrants, and convertible debentures to be proportionally adjusted
- Effective date to be announced in a future release
- Company contact: Tel 1604646-6903, info@spearmintresources.ca
- Forward-looking statements note risks, including possible CSE non-approval
AI Summary:
- Greenheart Gold Inc. (TSXV: GHRT, OTCQX: GHRTF) upgraded from OTCQB to OTCQX Best Market as of May 27, 2025
- OTCQX is the highest tier of U.S. OTC Markets, aimed at established, investor-focused companies
- Upgrade expected to increase U.S. investor visibility and accessibility
- Shares continue trading on TSX Venture Exchange (symbol: GHRT) in Canada
- Company specializes in gold exploration in the Guiana Shield (Guyana and Suriname)
- Leadership includes former Reunion Gold executives, known for multimillion-ounce Oko West deposit discovery in Guyana
- Contact: +1 450-800-2882, info@greenheartgold.com
- Forward-looking statements caution: no assurance expectations will be realized
- No offer/sale of securities in the U.S. unless registered or exempt under U.S. law
AI Summary:
- Doubleview Gold Corp. raising up to $750,000 via non-brokered private placement
- Flow-through shares priced at $0.75 each
- Proceeds to fund exploration, drilling, geological advisory, and development at BC projects, especially the Hat Project
- Securities subject to four months plus one day hold period
- Finder's fee may be paid in cash and/or shares
- Closing subject to TSX Venture Exchange and regulatory approvals
- Hat Deposit scandium potential: 300 to 500 million tonnes at 40 ppm (0.004%) Sc2O3
- Company trades on TSXV: DBG, OTCQB: DBLVF, FSE: 1D4
- Focus on gold, copper, cobalt, scandium, silver projects in North America, especially British Columbia
- Qualified Person: Erik Ostensoe, P. Geo., shareholder and consulting geologist
- For further details, refer to July 25, 2024 news release
AI Summary:
- Wealth Minerals Ltd. (TSXV: WML) and Quechua Indigenous Community of Ollagüe formed Kuska Minerals SpA joint venture on May 23, 2025
- Ownership: Wealth 95%, Community 5% (with anti-dilution protection and right to appoint 1 of 5 directors)
- Wealth contributed all mining claims in Ollagüe (over 10,000 hectares), exploration data, DLE technology assessments, and economic studies
- Kuska Project located on 10,200 hectares, Salar de Ollagüe, Antofagasta Region, Chile
- Initial resource estimate (Jan 13, 2023): 741,000 tonnes indicated LCE (175 mg/L), 701,000 tonnes inferred LCE (185 mg/L)
- Preliminary Economic Assessment (Feb 2024): IRR 33%, NPV (10% discount, pre-tax) US$1.65 billion, 20,000 tonnes LCE/year, 20-year mine life
- Board of Directors: Marcelo Awad, Henk van Alphen, Francisco Lepeley, Stephen Foot, Victor Nina Huanca (Community president)
- Community ratified partnership by large majority
- Next steps: pursue CEOL (Special Lithium Operating Contract), environmental impact assessment, baseline studies, Indigenous consultation started late 2024
- Ollagüe selected by Chilean government in Sept 2024 as priority for CEOLs; application process underway
- Wealth Minerals developing project since 2019; two exploration campaigns completed
- Kuska Project cited as first-of-its-kind mining partnership with Indigenous community in Chile, aligns with National Lithium Strategy
- Wealth Minerals focused on lithium projects in South America, also advances other battery metal projects
- Contact info: Wealth Minerals (604-331-0096, 604-638-3886), Investor Relations (415-389-4670), Public Relations (212-532-2208, 917-371-4053)
AI Summary:
- ESGold Corp. delivered Humphrey spiral concentrators to Montauban site in Quebec
- Gravity separation circuit now complete
- Circuit designed to process up to 1,000 tonnes per day (TPD) of historic tailings
- Output: marketable mica concentrate, recovery of gold and silver
- Equipment enables tailings-to-cash flow model with minimal environmental footprint
- Construction progressing on schedule; company nearing production phase
- Montauban property located 80 kilometers west of Quebec City
- Updated Preliminary Economic Assessment (PEA) forthcoming
- ESGold Corp. listed on CSE: ESAU, OTCQB: ESAUF, FSE: Z7D
- Contact: +1-888-370-1059, info@esgold.com
- Focus on clean mining, sustainable resource recovery, and operational readiness
AI Summary:
- Beyond Lithium Inc. (CSE: BY, OTCQB: BYDMF) closed acquisition of 100% undivided interest in six mineral claims
- Claims total 4,688 hectares
- Located in Rocky Mountain Rare Earth Belt, southeastern British Columbia
- Project known as Rare One Project
- Transaction terms per definitive mineral property purchase agreement announced May 6, 2025
- Beyond Lithium: critical minerals exploration company
- Lithium portfolio in Ontario; REE and base metals project in British Columbia
- Plans to option properties to joint venture partners for non-dilutive capital and partner-funded exploration
- President and CEO: Allan Frame, Tel: 403-470-8450
- Manager of Communications: Jason Frame, Tel: 587-225-2599
AI Summary:
Kenorland Minerals Ltd. acquired 125,430 hectares of mineral claims in the Onaman-Tashota Greenstone Belt, Northern Ontario (Kowkash Project)
Acquired 119,779 hectares of mineral claims in Central New Brunswick (Atlantic Project)
Purchased 100% interest in 31,052 hectares of mineral claims adjacent to the Atlantic Project via Purchase Agreement dated May 26, 2025
Total Atlantic Project area now 150,831 hectares (119,779 staked + 31,052 purchased)
Purchase Agreement consideration: common shares valued at $174,440.76
0.5% net smelter return royalty granted on purchased claims
Shares subject to four-month and one day resale restriction; issuance subject to TSX Venture Exchange approval
Kowkash Project: covers underexplored greenstone belt, prospective for Au, Ag, Cu, Zn; first-pass geochemical sampling planned for summer 2025
Atlantic Project: covers part of Gander and Dunnage zones, prospective for Au, Ag, Pb, Zn, Cu; limited historical work, modern exploration planned
Kenorland holds 4% net smelter return royalty on Frotet Project in Quebec
Company based in Vancouver, BC; TSXV: KLD, OTCQX: KLDCF, FSE: 3WQ0
Qualified Person: Janek Wozniewski, B.Sc., P.Geo.
Contact: Alex Muir, CFA, +1 604 568 6005, info@kenorlandminerals.com
AI Summary:
- Sasquatch Resources Corp. (CSE: SASQ) provides updates on Mount Sicker project near Duncan, BC, Vancouver Island
- May 24 event at Mount Sicker attended by 25-30 geologists, government reps, students, others
- Okane Consultants (100+ employees) and Ecofish Research (180+ professionals) retained; both completed site visits
- Detailed waste rock volume survey completed on Tyee and Lenora piles; estimated just under 100,000 cubic meters of waste material (not including other waste areas)
- Legal survey underway to convert mineral claim to mining lease
- Acid testing on ore-sorting test run material showed highly promising results for environmental benefits
- Company progressing with permitting, communicating with local government and First Nations
- April 7 meeting held with BC Ministry of Mining and Critical Minerals to discuss project progress
- North Cowichan City Council unanimously approved support; presentations given to Halalt First Nation elders and other local groups
- Project aims to separate and remove high sulphide material (gold, copper, silver, zinc, arsenic, lead, sulphur) and reclaim site
- Project received universal approval from tour attendees; covered by local news
- Sasquatch owns Mount Sicker and Santana Properties outright; Mount Sicker subject to 2% net smelter returns royalty (half can be repurchased with 500,000 shares)
- Blue Grouse Property: Sasquatch has exploration and extraction rights until July 2030, up to 10m depth
- Further waste surveys planned for other areas, including Richard III mine
- Promising acid test results validate proposed process for removing contaminants and metals
- Company continues to advance permitting and maintain positive consultations with stakeholders
- Contact: Peter Smith, CEO, 778.999.7030
AI Summary:
- PTX Metals Inc. (TSXV: PTX, OTCQB: PANXF, FSE: 9PX) reports initial assay results from 2 drill holes (W225-10, W225-11) at W2 Cu-Ni-PGE and Gold Project, Ring of Fire, NW Ontario
- First drill campaign in CA1 and CA2 zones since 1990s; aims to infill, confirm, and expand historical results
- Central target area extends ~8 km in strike length, remains open at depth
- Systematic assays for Cu, Ni, Au, Pd, Pt, Co; not reporting metal equivalents; reporting Cu+Ni (%) and Au+Pt+Pd (g/t) as arithmetic sums
- Drillhole W225-10 (CA1 zone): infill and expansion near historical holes 54004-0, 54007-0; wider and deeper intercept than historical data; historical holes had up to 37.85m and 42.43m not sampled
- Drillhole W225-11 (CA2 zone): infill and validation of historical hole 54002-0; improved definition of true width; copper, nickel, cobalt, PGEs correlated over wide intercepts; gold present at lower grades, more erratic
- Assays pending for additional drillholes
- Samples analyzed at Activation Laboratories Ltd., Thunder Bay, ISO 17025:2005 accredited
- QA/QC: standards, blanks, duplicates inserted; internal QA/QC by lab
- Qualified Persons: Joerg Kleinboeck, P.Geo. (non-independent), Shuda Zhou, P.Geo. (independent)
- PTX Metals focused on strategic metals in northern Ontario; flagship projects: W2 Cu-Ni-PGE (Ring of Fire), Shining Tree Gold Project (Timmins Gold Camp)
- PTX listed on TSX (PTX), Frankfurt (9PX), OTCQB (PANXF)
- Contact: Greg Ferron, President & CEO, +1 (416) 270-5042, gferron@ptxmetals.com
- Historical data referenced from NI 43-101 report effective Sept 4, 2024
- Forward-looking statements caution: subject to risks, uncertainties, no guarantee of future results
AI Summary:
- West Red Lake Gold Mines Ltd. (TSXV: WRLG, OTCQB: WRLGF) reports new drill results from 100% owned Madsen Mine, Red Lake Gold District, Ontario
- South Austin zone producing high grades, visible gold, and impressive widths in 2025 definition drilling
- Recent drill results:
- 50 m up-dip from Feb 26, 2025 intercepts: 114.26 g/t Au over 10.6 m; 77.90 g/t Au over 3 m; 24.48 g/t Au over 8.5 m
- 300 m up-plunge from May 13, 2025 intercepts: 48.97 g/t Au over 18.7 m; 52.86 g/t Au over 4.5 m; 25.49 g/t Au over 7.5 m
- South Austin Zone mineral resources:
- Indicated: 474,600 oz @ 8.7 g/t Au within 1.7 Mt
- Inferred: 31,800 oz @ 8.7 g/t Au within 0.1 Mt
- Madsen Mine overall resources (as of Dec 31, 2021):
- Indicated: 1.65 Moz Au @ 7.4 g/t Au within 6.9 Mt
- Inferred: 0.37 Moz Au @ 6.3 g/t Au within 1.8 Mt
- Probable reserves: 478 koz Au @ 8.16 g/t Au within 1.87 Mt
- Cut-off grade for resources: 3.38 g/t Au; gold price assumption: US$1,800/oz (resources), US$1,680/oz (reserves)
- Restart of Madsen Mine production announced May 22, 2025
- Bulk sampling campaign completed May 7, 2025; Pre-Feasibility Study filed Feb 18, 2025
- Red Lake District has produced over 30 Moz gold historically
- WRLG also owns Rowan Property (31 km², includes 3 past-producing mines)
- Drilling focused on expanding high-confidence, high-grade inventory for near-term mining
- Mineralization remains open at depth and along strike in multiple zones
- QA/QC: BQ and NQ core, 0.5–1.5 m sample lengths, 5% control sample insertion, SGS labs, ISO/IEC 17025 compliant
- Technical report by SRK Consulting, effective Jan 7, 2025, available on company website and SEDAR+
- Contact: Gwen Preston, VP Communications, (604) 609-6132, investors@wrlgold.com
AI Summary:
- Intrepid Metals Corp. (TSXV: INTR, OTCQB: IMTCF) reports first results from 2025 drill program at Corral Copper Property, Cochise County, Arizona
- 4 drill holes completed at Ringo Zone; assays received for 1 hole
- Hole CC25_026: 142.30 meters of 0.51% copper, 0.17 gpt gold, 4.01 gpt silver (0.69% copper equivalent)
- 2025 drilling at Ringo Zone totals 4 holes, 1005 meters; assays pending for 3 holes
- Ringo Zone: southern end of 3.5 km copper-gold-silver-zinc carbonate replacement bodies; measures approx. 900m x 800m
- Corral Copper Property located 15 miles east of Tombstone, 22 miles north of Bisbee (Bisbee mining camp produced 8+ billion lbs copper)
- Over 50,000m historical drilling at Corral, mainly Ringo, Earp, Holliday Zones
- Corral Copper comprised of Excelsior Property, CCCI Properties, Sara Claim Group, MAN Property (various acquisition/option agreements)
- Intrepid uses modern exploration plus historical data for exploration targeting and drill planning
- Company focus: high-grade copper, silver, zinc projects in southeastern Arizona
- Other projects: Tombstone South Project (Tombstone district, Taylor Deposit sold for $1.3B in 2018), Mesa Well Project (Laramide Copper Porphyry Belt)
- QA/QC: ALS Geochemistry labs (Tucson, Reno); internal QA/QC includes blanks, duplicates, standards (~10% of sample stream)
- Metal price assumptions for copper equivalent: Ag $22/oz, Au $1900/oz, Cu $3.80/lb, Zn $1.15/lb; recovery rates: Cu 85%, Au/Ag/Zn 80%
- Intrepid traded on TSXV (INTR) and OTCQB (IMTCF)
- Additional drill results to be released in coming weeks; drilling to move to Holliday and Earp Zones
AI Summary:
- Rua Gold Inc. (TSXV: RUA, OTCQB: NZAUF) announces initial drill results from Cumberland gold camp, Reefton Project, New Zealand
- First 2 drill holes (CUDDH001, CUDDH002) intersected near-surface, high-grade gold mineralization
- True widths of main Gallant vein: 5m to 9m
- Historical drilling (OceanaGold): 20.7m of quartz, 1m assays from 0.15g/t to 1911g/t gold (60oz/t)
- Confirmed high-grade gold zones with broad lower-grade halo from surface to 80m depth
- Drill rig relocated 100m south; 6 holes planned (depths 70m–180m); quartz veins mapped for 200m southward
- Gallant structure traceable on surface for over 600m, remains largely untested along strike and depth
- Cumberland gold camp: 2.2km historic mine corridor, 7 historic mines, 21,740oz gold produced at avg. 26.1g/t
- Globe-Progress Mine (3km north): over 1 million ounces gold produced
- RUA GOLD acquired Cumberland camp Nov 2024; drilling commenced April 2025
- Initial 2 holes intersected 25m of mineralization
- VRIFY AI-Assisted Mineral Discovery Platform (DORA) used; processed 84GB data, 170,000+ data points
- Ongoing drilling targets southern extension of Gallant lode, 100m along strike and at depth
- Reefton Gold District: RUA controls 120,000+ hectares; district historically produced 2M+ oz gold (grades 9–50g/t)
- Glamorgan Project (North Island): region produced 15M oz gold, 60M oz silver; adjacent to OceanaGold’s WKP
- QAQC: Drill core samples analyzed by SGS Westport and ALS Perth (PhotonAssay, detection range 0.03–350 ppm Au)
- ALS Perth accredited to ISO/IEC 17025:2005 or ISO 9001:2015 standards
- Forward-looking statements caution: actual results may differ due to various risks and uncertainties
AI Summary:
- North Peak Resources (TSXV: NPR) reports sampling results from Prospect Mountain property, Eureka, Nevada
- 2024 drill program at Wabash/Williams confirmed high grade oxide mineralization: 85.7 g/t Au over 3m within 12 g/t Au over 22.9m (hole PM24-039)
- Exploration targets: near surface open-pittable oxide, underground accessible oxide, and sulphide material below workings
- 11 miles of underground tunnels used for exploration
- Dean Cave historical production: 0.229 oz/t (7.8 g/t) Au, 5.83 oz/t (200 g/t) Ag from 291 ore cars (historic, unverified)
- DMEA area (mined in 1954): 0.69 oz/t Au, 50.5 oz/t Ag, 29.4% Pb (historic data)
- Lundgren stopes (early 20th century): up to 2.29 oz/t (71.6 g/t) Au, 56.6 oz/t (1769 g/t) Ag (historic, unverified)
- CRD mineralization oxidized to at least 610m (2,000 ft) below ridge line
- Plan of Operations covers 189 acres; allows up to 365,000 tons/year underground mining, surface exploration, water extraction and containment
- QA/QC: 1 standard, 1 blank, 1 field duplicate per 20 samples (15% rate); standards gold values 0.433–7.34 ppm
- Samples assayed by 30g fire assay and 44 element ICP MS suite; overlimits re-assayed
- North Peak acquired 80% interest in Prospect Mountain in 2023
- Company focus: historical sites, low cost gold/metal properties, near-term production, 8+ year mine life
- Drill program planned for summer 2025 targeting near surface oxide material
- Technical report available (April 10, 2023) on SEDAR+
- Forward-looking statements caution regarding mineralization estimates and future plans
AI Summary:
- Golden Cross Resources Corp. (TSXV: AUX, OTC Pink: ZCRMD) announces investor relations agreements with Triomphe Holdings Ltd. (Capital Analytica) and Plutus Invest and Consulting GmbH.
- Capital Analytica Agreement: 6-month term starting June 1, 2025; payment of CAD$120,000.
- Services by Capital Analytica: capital markets consultation, social media engagement, sentiment and engagement reporting, forum monitoring, corporate video dissemination, investor relations.
- Plutus Agreement: 12-month term starting June 1, 2025; payment of EUR100,000.
- Services by Plutus: PR strategies, advertisement-based investor campaign targeting European market.
- Both agreements subject to TSX Venture Exchange approval.
- Golden Cross advancing "Reedy Creek" high-grade gold project in Victoria, Australia.
- Project includes two tenements, located ~10km northeast of Southern Cross Gold's Sunday Creek discovery.
- Past drilling results: 11m at 31.4 g/t gold; 2m at 174.42 g/t gold.
- Phase 1 diamond drill program at Reedy Creek Goldfield planned for Q2 2025.
- Plutus and Capital Analytica principals are arms-length and hold no interest in Golden Cross securities.
- Contact: Matt Roma, Director & CEO, +1-778-736-3356, info@goldencrossresources.com
AI Summary:
- Gold Hunter Resources Inc. (CSE: HUNT, OTCQB: HNTRF, FSE: 6RH) to acquire two mineral property packages in Newfoundland
- Acquisition increases Great Northern Gold Project area by 3,177 hectares (13.78%) to total 26,237 hectares
- Consolidates project into two claim blocks along Doucers Valley Fault Zone, enhancing structural continuity near Browning Mine and Thor Deposit
- Great Northern-Southern Agreement: 127 mineral claim blocks (13 licenses) acquired for $25,000, 1,400,000 escrowed shares at $0.08/share, 2% net smelter royalty (NSR) with 1% buyback for $1,000,000
- North Central Agreement: 39 mineral claim blocks (3 licenses) acquired for $6,000 to United Gold, $6,000 to SSAF, 250,000 escrowed shares each to United Gold and SSAF, 500,000 escrowed shares to Kluane at $0.08/share, 2% NSR with 1% buyback for $1,000,000
- Escrow: One-third of shares released every six months post-closing
- Closing subject to regulatory and CSE approval, expected in coming weeks
- Great Northern Project now covers 40 km strike length, 23,060 hectares before acquisition
- Upcoming full-property airborne geophysics survey planned
- No assurance mineralization at Browning Mine/Thor Deposit is indicative of new ground
- Technical lead: Rory Kutluoglu, B.Sc., P.Geo.
- Company focus: data-driven exploration, responsible practices, stakeholder engagement
- Contact: info@goldhunterresources.com, +1 604-440-8474
- Forward-looking statements caution regarding risks, approvals, and market conditions
AI Summary:
- Gladiator Metals Corp. (TSXV: GLAD) identified new high-grade copper skarn drill targets at HAT prospect, Whitehorse Copper Project, Yukon
- Historical drill highlights at HAT:
- 10.54m @ 4.99% Cu from 124.39m (HT-001)
- 9.63m @ 1.14% Cu from 108.51m, incl. 2.93m @ 3.13% Cu from 115.21m (HT-004)
- 41.36m @ 0.58% Cu from 8.17m, incl. 10.73m @ 1.07% Cu from 25.91m (HT-007)
- Over 7km of strike with multiple undrilled high-magnetic anomalies identified via 2024 drone-borne aeromagnetic survey
- Surface rock chip samples from undrilled outcrops:
- 5.52% Cu, 1.5g/t Au (E810818)
- 5.34% Cu, 1.0g/t Au (E810817)
- 5.51% Cu, 2.0g/t Au (E810888)
- Planned follow-up: mapping, 3D geophysical inversion, initial drilling in Q3 2025
- Whitehorse Copper Project: 35km x 5km area, >30 copper-related skarn occurrences, near Whitehorse City, Yukon
- Historic production (1967-1982, Little Chief Deposit): 267,500,000 lbs copper, 225,000 oz gold, 2,838,000 oz silver from 11.1 million tons milled
- Gladiator’s exploration strategy:
- Advance Cowley Park to resource definition (Inferred Resource drilling)
- Test Chiefs Trend, Best Chance, Arctic Chief, Cub Trend for high-grade copper/gold skarns
- Recent scout drilling at Best Chance: 7 holes, 1,295m
- Ongoing geophysical programs: Induced Polarization, Electromagnetic, Magnetic surveys
- Project has excellent road and power access; data from historical exploration to be verified in future campaigns
- All technical info reviewed by Kell Nielsen, VP Exploration, Qualified Person (NI 43-101)
- Company fully funded for planned drilling campaigns
AI Summary:
- Four U.S. Nuclear Executive Orders signed May 22, 2025, to accelerate nuclear energy deployment
- Goal: quadruple U.S. nuclear energy by 2050
- Focus: advanced nuclear reactors (including SMRs), uranium mining, enrichment, and industrial base reinvigoration
- Orders build on previous critical minerals directives, aiming to increase global uranium demand and accelerate U.S. uranium mining
- AI arms race between U.S. and China fueling investments in data centers, nuclear energy, and uranium demand
- Pine Ridge Uranium Project (Wyoming) development timelines to be fast-tracked by new policies
- Pine Ridge: 50/50 joint venture between Snow Lake and Global Uranium and Enrichment Limited (GUE)
- Aggressive 125,000 ft (38,000 m) drill program planned for 2025, targeting maiden mineral resource estimate by end of 2025
- Project area expanded by 937 claims, now totaling ~15,130 ha (37,387 acres)
- Historical drilling: 765 holes (Conoco), 449 holes (Stakeholder Energy)
- Pine Ridge located ~15 km from Cameco’s Smith Ranch Mill (licensed capacity: 5.5 million lbs U3O8/year)
- Project de-risked by historic drilling, favorable geology, and proximity to existing uranium infrastructure
- U.S. Executive Orders since January 2025 prioritize energy independence, nuclear energy, domestic uranium supply chain, and critical minerals
- Global uranium enrichment dominated by non-U.S. companies; new policies support expanding U.S. enrichment capacity
- Snow Lake holds 19.9% of GUE; GUE is largest shareholder of Ubaryon Pty Ltd (developing next-gen uranium enrichment technology)
- May 2025: Ubaryon signs term sheet with Urenco (global enrichment company); Urenco to invest A$5.0 million over 3 years for 13% stake
- Snow Lake listed on NASDAQ: LITM; projects in Wyoming (Pine Ridge), Namibia (Engo Valley), and Manitoba (critical minerals)
- Pine Ridge positioned to help meet U.S. nuclear and uranium supply goals amid growing AI-driven energy demand
AI Summary:
- BluMetric Environmental Inc. (TSXV: BLM, OTCQX: BLMWF) signed new Master Service Agreement with Canada's Department of National Defence for Reverse Osmosis Water Purification Units (ROWPU)
- Agreement covers refurbishment, on-call field service, support, and maintenance of ROWPU systems
- Contract duration: 3 years, with up to 7 potential one-year extensions
- Initial service order value: $5.8 million
- BluMetric: over 220 employees, 10 offices, 45+ years of expertise
- Headquartered in Ottawa, Ontario
- Clients include Commercial, Industrial, Military, Mining, and Government sectors
AI Summary:
- Sailfish Royalty Corp. (TSXV: FISH, OTCQX: SROYF) reports initial 2025 RC drill results from Mako Mining at El Golfo, El Jicaro concession
- Sailfish holds 2% net smelter return royalty (NSR) on El Golfo area
- 2025 exploration program: 3,000 metres RC drilling, part of 224 km² land package
- Drill hole EJ25-RC53: 39.15 g/t gold, 27.8 g/t silver over 8.0 m (5.9 m estimated true width), 19.2 m below surface
- 12 drill holes completed in past month at Pavona zone; 10 additional holes intersected sulfide mineralization, assays pending
- El Golfo less than 1 km from Las Conchitas pits
- May 14, 2025: Mako released results from 91 drill holes, expanding mineralization at Las Conchitas
- Sailfish portfolio: 3% NSR on San Albino gold mine (~3.5 km²), 2% NSR on 134.5 km² around San Albino (Nicaragua), up to 3% NSR on Spring Valley (Nevada), 100% interest in Gavilanes Silver Project (Mexico, converting to 2% NSR)
- TSX Venture Exchange approved settlement of US$185,639 in interest via issuance of 124,322 common shares at CDN$2.06 per share
- Shares subject to four-month statutory hold period
- Sailfish expects underground test mining at San Albino, maiden resource at El Golfo, resource update at Las Conchitas later in 2025
AI Summary:
- Forum Energy Metals Corp. sells 2.0% gross overriding royalty on 100% owned Aberdeen Uranium Project to Uranium Royalty Corp. (URC)
- Royalty acquired for CAD$1,000,000 cash; closing by end of May 2025
- Forum retains right to repurchase 0.5% of royalty for CAD$1,000,000 within six months of successful pre-feasibility study; right expires seven years after issuance
- Aberdeen Project covers approximately 95,519 hectares in Nunavut, Canada, northeast edge of Thelon Basin, about 100 km west of Baker Lake
- Project directly adjacent to Orano-operated Kiggavik Project, which hosts over 132 million pounds U₃O₈ in Indicated and Inferred Resources
- Aberdeen considered highly prospective, over 95,000 hectares in underexplored Thelon Basin
- Uranium Royalty Corp. is the only publicly traded uranium-focused royalty and streaming company
- Forum Energy Metals Corp. focused on high-grade unconformity-related uranium deposits in Athabasca Basin (Saskatchewan) and Thelon Basin (Nunavut)
- Contact: Rick Mazur, President & CEO, Tel: 604-630-1585
AI Summary:
- Apex Resources Inc. (TSXV: APX, OTC Pink: SLMLF) planning initial 7-hole (approx. 955 m) surface diamond drill program at Jersey-Emerald Property
- All holes target minerals on Canada's Critical Minerals List
- First 2 holes: zinc (germanium + gallium) mineralization
- Remaining 5 holes: 2 gold zones, associated with bismuth, tellurium, +/- tungsten, molybdenum
- 4 of 7 drill holes on private land, facilitating permitting
- Road access to most drill sites
- Focus on targets with expansion potential, not in-fill
- Additional holes may target tungsten skarn, silver, porphyry molybdenum
- Jersey-Emerald property hosts 5 gold and 6 tungsten zones
- Property adjacent to Highway 6 (to USA), Hwy 3 (to Cranbrook), and Teck’s smelter at Trail, BC
- Historic drill hole E1411: 24.98 g/T Au over 10.2 m (previously reported)
- Final geophysical results expected soon for Lithium Creek Project (Nevada, USA); drill targeting and permitting to follow
- Lithium Creek Project: placer claims cover hundreds of square miles in Fernley, Humboldt, Carson Sinks; near Reno; 40 minutes from Tesla Gigafactory
- Jersey-Emerald Property: includes BC’s 2nd largest historic zinc mine and Canada’s 2nd largest historic tungsten mine
- Technical info reviewed by Linda Caron, P. Eng., Qualified Person (NI 43-101 compliant)
- Contact: Ron Lang, President & CEO, +1(250)212-7119, info@apxresources.com
- Cautionary note: forward-looking statements subject to risks (metal prices, financing, technical/logistical issues, environmental risks, etc.)
AI Summary:
- Metals Creek Resources Corp. (TSXV: MEK, FSE: M1C1) announces non-brokered private placement
- Up to 10,000,000 flow-through units (FT Units) at $0.02 per unit; proceeds up to $200,000
- Each FT Unit: 1 flow-through common share + 0.5 non flow-through warrant
- Each full FT Warrant: purchase 1 non flow-through share at $0.05; valid for 36 months
- Up to 10,000,000 non flow-through units (NFT Units) at $0.02 per unit; proceeds up to $200,000
- Each NFT Unit: 1 non flow-through share + 1 non flow-through warrant
- Each NFT Warrant: purchase 1 non flow-through share at $0.05; valid for 36 months
- Private placement expected to close on or before June 30, 2025
- Finders' fees may be paid in cash, securities, or both
- All securities subject to 4-month hold period
- Use of FT proceeds: exploration on Newfoundland and Ontario properties, including Ogden project
- FT Shares qualify as "flow-through mining expenditure" under Canadian tax law
- Company holds 50% interest in Ogden Gold Property (6 km south of Timmins, Ontario; 8 km Porcupine-Destor Fault strike length)
- Recent drilling completed on Tillex Copper Project; assays pending
- Private placement subject to TSX Venture Exchange approval
AI Summary:
- Dryden Gold Corp. (TSXV: DRY, OTCQB: DRYGF) reports visible gold (VG) in initial drill program at Laurentian Mine Target and Intersection Target on Elora Gold System
- Laurentian located ~1 km north of Jubilee Target
- Recent Jubilee assay: 301.67 g/t over 3.90 meters, including 1,930 g/t over 0.60 meters in new hanging wall structure
- VG at Laurentian found in new parallel mineralized hanging wall structure
- Intersection Target (200 meters northeast of Jubilee): VG intersected in mineralized footwall structure
- Confirms new target potential on parallel high-grade structures along 1 km strike at Elora Gold System
- Both drill holes submitted to lab; results expected in coming weeks
- New phase of drilling at Jubilee underway, focusing on main zone plunge and HW Zone follow-up
- 6,818 meters drilled on Elora Gold System to date; 4,416 meters pending assay results
- Turnaround time for logging and lab results on deeper drill holes: 8-10 weeks
- Upcoming events: Mining Event of the North (June 3-5, 2025, Quebec City), 121 Mining Investment New York (June 9-10, 2025), investor roadshow (June 11, 2025)
- Dryden Gold controls 100% interest in strategic land position in Dryden District, Northwestern Ontario
- Property hosts high-grade gold over 50 km potential strike length along Manitou-Dinorwic deformation zone
- Company uses NQ size core, 50-gram fire assay, and QA/QC procedures conforming to ISO/IEC 17025 and NI 43-101
- 2024-2025 drill samples analyzed by Activation Laboratories
- Results intervals reported as drilled core lengths; true thickness/widths unknown
- Strong management team with experience in exploration, acquisitions, and shareholder value creation
AI Summary:
- Cornish Metals Inc. granted conditional performance share awards on 23 May 2025 under new Long Term Incentive Plan (LTIP)
- LTIP approved by shareholders on 18 March 2025
- Performance Awards granted over up to 12,837,423 common shares to certain employees
- Share price used for awards: 8.15p (closing price on 22 May 2025)
- LTIP awards vest on 31 December 2027, subject to performance and employment conditions
- 12,837,423 unvested Performance Awards under LTIP, equal to approximately 1.03% of issued share capital
- 25,916,667 share options under legacy Share Option Plan, equal to approximately 2.07% of issued share capital
- No further awards to be made under legacy Share Option Plan
- PDMR grants made to Don Turvey, Matthew Hird, Fawzi Hanano
- Company advancing 100% owned and permitted South Crofty tin project in Cornwall, UK
- Cornish Metals dual-listed on AIM and TSX-V (CUSN)
- Forward-looking statements included; subject to risks, uncertainties, and no assurance of accuracy
AI Summary:
- Strathmore Plus Uranium expanded Agate Project by 15 lode mining claims, now totals 100 claims (~2,067 acres)
- Historical drilling (Kerr McGee, 1970s) found shallow uranium <200 feet deep
- Agate located in Shirley Basin Uranium District, where 53 million lbs uranium mined
- UR Energy’s Shirley Basin project 6 miles NE of Agate; Lost Creek mine 100 miles west
- 2024: New shallow mineralization zone found 1 mile south of northern trend (middle sand unit)
- Notable 2024 drill results: AG-143-24 (14 ft @ 0.046% eU₃O₈ from 30.5–44.5 ft), AG-147-24 (15.5 ft @ 0.051% eU₃O₈ from 29–44.5 ft)
- Trend open north/south; further exploration planned for 2025 season
- 200 exploration holes completed (5 monitor wells); >90% hit mineralization
- 2023-24: 3,700 ft mineralized trend defined in lower sand unit
- Notable 2023 intercepts: AG-10-23 (16 ft @ 0.081% eU₃O₈ from 82–98 ft), AG-16-23 (21 ft @ 0.089% eU₃O₈ from 79–100 ft)
- Northern trend open west/east; 2025 exploration to expand into untested areas
- Director John DeJoia: mined ~20 million lbs uranium in Shirley Basin
- 2025 plan: up to 100 permitted drill sites, two drill programs, five core holes for groundwater/chemical studies
- Aim to link lower sand deposits, expand middle sand discovery, develop multi-zone deposit, complete resource estimate and technical report winter 2025
- University of Wyoming geophysical research: US$200,000 grant (2023), additional US$120,000 funding, Strathmore donated US$20,000 for XRF equipment
- Geophysical methods: Seismic Reflection/Refraction, DC Resistivity, Induced Polarization, Electromagnetics, Self-Potential, Nuclear Magnetic Resonance
- Agate property: 85 wholly owned claims (1,756 acres), uranium at 20–150 ft depth, classic Wyoming-type roll fronts, amenable to in-situ recovery
- Kerr McGee drilled at least 650 holes in 1970s
- Strathmore: three permitted uranium projects in Wyoming—Agate, Beaver Rim, Night Owl
- Night Owl: former surface mine, produced uranium in early 1960s
AI Summary:
- Alpha Exploration Ltd. (TSXV: ALEX) initiates 2025 drill program at 100% owned 514 km² Kerkasha concession, Eritrea
- Focus on Aburna orogenic gold system (7.2 km x 2.0 km area), Anagulu Copper-Gold porphyry, Tolegimja VMS prospect
- Reverse Circulation (RC) rig on site; Diamond Drilling (DD) rig in preparation; RC drilling to start May 2025
- Rotary Air Blast (RAB) drilling underway; minimum 10,000 m RAB program at Aburna and Anagulu, ~1/3 complete
- 2025 plan: minimum 8,000 m DD/RC at Aburna, 2,000 m at Anagulu
- First phase at Aburna: 12 drillholes, 1,755 m
- Aburna Gold Prospect recent grades: 18 m @ 15.33 g/t Au, 16 m @ 14.07 g/t Au, 9 m @ 10 g/t Au, 23 m @ 6.74 g/t Au
- Anagulu Gold-Copper Prospect recent intersections: 108 m @ 1.24 g/t Au, 0.60% Cu; 49 m @ 2.42 g/t Au, 1.10% Cu; porphyry unit >2 km strike length
- Company managed by experienced mining professionals with track records in Eritrea and Arabian Nubian Shield
- All technical information reviewed and approved by Chris Bargmann CGeol FGS, qualified person under NI 43-101
AI Summary:
- Premium Resources Ltd. (TSXV: PREM, OTC Pink: PRMLF) announces successful mineralization intercept at Selebi North Underground (SNUG), Botswana
- Current resource down-plunge extent: 965 metres
- New drilling extends deposit by approximately 315 metres beyond resource model
- Existing resource grades: well over 3% CuEq (copper equivalent)
- Follow-up drill hole SNUG-25-189 underway, targeting area between SNUG-24-096-W1 and SNUG-25-184
- Assays for 2025 drill holes expected early July
- BHEM surveys use Crone PEM system, timebases 50–1000ms (0.25 Hz to 5 Hz)
- PREM team: over 100 projects, 400+ years combined experience, senior team averages 20+ years each
- Company focused on redevelopment of nickel, copper, cobalt mines in Botswana
- Technical report and resource estimate available on SEDAR+
- Forward-looking statements note risks, uncertainties, and no guarantee of future results or timelines
AI Summary:
- Argyle Resources Corp. (CSE: ARGL, OTCQB: ARLYF, FSE: ME0) to offer up to 2,000,000 units at C$0.50 per unit
- Maximum gross proceeds: C$1,000,000
- Each unit: 1 common share + 0.5 share purchase warrant
- Each whole warrant exercisable at C$0.55 per share for 24 months post-offering
- Offering under LIFE Exemption in all Canadian provinces except Quebec
- No resale restrictions on LIFE Exemption units
- Offering document available on SEDAR+ and company website
- Use of proceeds: general working capital and as per offering document
- Scheduled closing: on or about June 6, 2025
- Minimum raise condition: C$750,000
- Subject to customary conditions and Canadian Securities Exchange approval
- Securities not registered under U.S. Securities Act; not for U.S. persons
- Argyle Resources: junior mineral exploration company, 100% interest in Pilgrim Islands, Matapédia, Lac Comporté, Saint Gabriel projects (Québec)
- Option to acquire 100% of Clay Howell Rare Earths Project (Ontario) and Frenchvale Graphite Property (Nova Scotia)
- Research partnership with National Institute of Scientific Research (INRS), Québec
- Incorporated 2023; head office in Calgary, Alberta
- Contact: info@argylresourcescorp.com, (825) 724-0033, www.argyleresourcescorp.com
AI Summary:
- Maritime Resources Corp. (TSXV: MAE) proposes 1-for-10 share consolidation
- 1,119,460,072 common shares outstanding pre-consolidation
- Approx. 111,946,007 common shares post-consolidation
- Shareholder percentage ownership and voting power remain unchanged, except for minor fractional adjustments
- Consolidation aims to facilitate organic growth, increase flexibility for future initiatives, attract new shareholders, and improve marketability
- Exercise price and number of shares for stock options and warrants to be adjusted accordingly
- Share consolidation approved by shareholders August 8, 2024; subject to TSX Venture Exchange approval
- Effective date of consolidation: June 16, 2025
- Company name remains unchanged
- Maritime Resources: gold exploration and development company focused on Hammerdown Gold Project, Baie Verte District, Newfoundland and Labrador
- Holds 100% interest or option to earn 100% in Green Bay Property (includes Hammerdown and Orion gold projects)
- Controls over 439 km² of exploration land (Green Bay, Whisker Valley, Gull Ridge, Point Rousse)
- Owns Pine Cove mill and Nugget Pond gold circuit in Baie Verte mining district
AI Summary:
- Supreme Court of British Columbia issued Final Order on May 26, 2025, approving plan of arrangement between Enduro Metals Corporation (TSXV: ENDR, OTCQB: ENDMF, FSE: SOG0) and Commander Resources Ltd. (TSXV: CMD)
- Arrangement closing subject to final stock exchange approvals and other closing conditions
- Expected completion date: on or about May 31, 2025
- Details available in Commander's management information circular dated April 9, 2025, on SEDAR+
- Enduro Metals' Newmont Lake Project: 688 km² property in British Columbia's Golden Triangle
- Project features: high-grade epithermal/skarn gold (McLymont Fault), copper-gold alkalic porphyry (Burgundy), new copper-gold porphyry (North Toe), 10 km x 4 km geochemical anomaly (Chachi Corridor) with gold, silver, copper, zinc, nickel, cobalt, lead
- Commander Resources portfolio: Burn Project (porphyry copper-gold, Babine copper belt, BC), October Dome (copper/gold porphyry, BC), Sabin VMS project (Ontario)
- Contact: Robert Cameron, +1 (778) 989-1501, rcameron@commanderresources.com
- Forward-looking statements caution regarding risks, uncertainties, and no obligation to update statements
- Source: Commander Resources Ltd., full release at https://www.newsfilecorp.com/release/253444
AI Summary:
- Highland Critical Minerals Corp. (CSE: HLND) approved to list 370,832 class A common shares on Canadian Securities Exchange (CSE)
- Trading to commence under symbol "HLND" on May 27, 2025
- 370,832 special warrants converted into one common share each after receipt of final long form prospectus on May 15, 2025
- Private placement of special warrants completed February 28, 2025
- Company focused on mineral exploration and development, mainly in Ontario, Canada
- Funds from special warrants to be used for exploration on the Church Property
- Forward-looking statements caution actual results may differ due to market, regulatory, and industry risks
- Contact: Edward Yew, ted.yew@highlandcritical.com, 647-241-7202
- Securities not registered under U.S. Securities Act of 1933; not for sale in U.S. without registration or exemption
AI Summary:
- Kingfisher Metals Corp. (TSXV: KFR, FSE: 970) upsizes private placement
- Up to 7,000,000 non-flow-through units (NFT Units) at $0.25 per unit
- Up to 21,302,500 flow-through units (Premium FT Units) at $0.415 per unit
- Aggregate gross proceeds up to $10,590,538
- Each unit includes 1 share and 0.5 warrant
- Each warrant exercisable at $0.40 per share for 36 months from closing
- Warrants may be accelerated if share price ≥ $0.55 for 20 consecutive trading days after 1 year
- Agent’s option to sell additional units for up to $1,000,000 extra gross proceeds
- Securities may be sold in US to Qualified Institutional Buyers and accredited investors as restricted securities
- Proceeds from Premium FT Units to be used for Canadian exploration expenses qualifying as flow-through mining expenditures in BC, to be incurred by Dec 31, 2026, and renounced to subscribers by Dec 31, 2025
- Offering expected to close on or about June 3, 2025
- All securities subject to 4-month hold period after closing
- Kingfisher Metals: copper-gold explorer in BC’s Golden Triangle, 849 km² HWY 37 Project, 2 gold projects totaling 641 km², 59,121,810 shares outstanding
AI Summary:
- MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) to release Fiscal Q4 and Year End 2025 financial results for period ended January 31, 2025
- Results to be released after market close on Wednesday, May 28, 2025
- Investor webinar scheduled for Thursday, May 29, 2025 at 9:00am PT (12:00pm ET)
- Webinar hosted by CEO Andrea Aranguren and CFO Monika Russell; includes corporate update, financial review, outlook, and Q&A
- MineHub provides digital supply chain solutions for commodity markets, connecting buyers, sellers, laboratories, and financiers
- Contact: info@minehub.com, Tel: (778) 373-3747
- Source: https://www.newsfilecorp.com/release/253226
AI Summary:
- Magma Silver Corp. (TSXV: MGMA) signed marketing agreements with Baystreet.ca Media Corp. and AllPennyStocks.com Media Inc.
- Baystreet agreement: 3-month term starting June 1, 2025, total consideration CAD$120,000
- AllPenny agreement: 3-month term starting June 1, 2025, total consideration US$13,500
- Both agreements conditionally approved by TSX Venture Exchange
- Baystreet founded May 1998, based in Toronto, operates www.baystreet.ca
- AllPenny founded 1999, based in Toronto, operates www.allpennystocks.com
- Neither Baystreet nor AllPenny nor their directors/officers own or have rights to acquire Magma Silver securities
- Both companies are arm’s length parties to Magma Silver
- Magma Silver’s main project: Niñobamba silver-gold project in Peru
- Contact: +1-604-252-2672, info@magmasilver.com, www.magmasilver.com
- Forward-looking statements included; subject to risks and uncertainties
- News release dated May 26, 2025
AI Summary:
- Opus One Gold Corp (TSX-V: OOR) reports new drill results from Noyell project near Matagami, Abitibi, Québec
- Drill hole NO-25-06: 5.57 g/t Au over 8.4 m (true width ~6.6 m) from 232.2 to 240.6 m in Zone 1, at ~200 m vertical depth
- Interval is 90 m below previous result: 4.12 g/t Au over 7.3 m in hole NO-25-01
- Hole NO-25-05 (500 m vertical depth, eastern Zone 1): 1.14 g/t Au over 1.0 m (true width 0.8 m), indicating weaker mineralization at depth
- More assay results pending
- Noyell project is 100% owned, easily accessible, near services
- Opus One to present at The Mining Investment Event, Quebec City, June 3-5, 2025
- QAQC: NQ size core, samples processed at Technominex (Rouyn-Noranda) and AGAT Labs (Val D’or); fire assay (50g), ICP-OES finish, gravimetric finish for samples ≥10 g/t Au
- QAQC includes 1 control sample per 9 regular samples (certified blank and gold standards)
- Verified by independent qualified person Pierre O’Dowd, P.Geo
- Company focused on gold and base metals in Abitibi Greenstone Belt, Québec and Ontario
- Contact: Louis Morin (CEO) (514) 591-3988, Michael W. Kinley (CFO) (902) 402-0388
- Website: www.OpusOneGold.com
AI Summary:
- Opus One Gold Corp (TSX-V: OOR) announces results from winter 2025 drilling at 100%-owned Noyell project near Matagami, Abitibi, Québec
- Drill hole NO 25-06 intersected 5.57 g/t Au over 8.4 m (real width ~6.6 m) from 232.2 to 240.6 m in Zone 1, at ~200 m vertical depth
- This interval is ~90 m below previous result of 4.12 g/t Au over 7.3 m in hole NO 25-01
- Hole NO 25-05 tested Zone 1 at 500 m vertical depth (east part), intersected 1.14 g/t Au over 1.0 m (real width 0.8 m), indicating weak mineralization at depth
- Additional assay results pending
- QAQC: NQ core, samples processed at Technominex (Rouyn-Noranda), analyzed at AGAT labs (Val-d'Or, Canada), 50 g fire assay with ICP-OES finish, gravimetric finish for samples >10 g/t Au
- QAQC includes 1 control sample after every 9 regular samples (certified blanks and standards)
- Opus One to attend The Mining Investment Event, Québec City, June 3-5, 2025
- Assets in Val-d'Or, Matagami, and James Bay, Québec and Ontario
- Qualified person: Pierre O’Dowd, P.Geo, reviewed and approved data
- Forward-looking statements subject to risks and uncertainties as per Canadian securities law
- Contact: Louis Morin (CEO) +1 514-591-3988, Michael W. Kinley (President/CFO) +1 902-402-0388
- Photos available via provided GlobeNewswire links
AI Summary:
- Aftermath Silver Ltd. (TSXV: AAG) released latest assay results from Phase 2 diamond drill program at Berenguela silver-copper-manganese deposit, Puno, Peru
- 16 holes reported from 82-hole (5,200m) program; final 11 holes pending
- Weighted average core recovery in mineralized intersections: 96%
- Notable intersections:
- AFD123: 30.30m at 0.94% Cu, 11.39% Mn (from 20.45m to 50.75m)
- AFD130: 7.70m at 1,174 g/t Ag (from 24.40m to 32.10m)
- AFD124: 1.50m void encountered, intersection width 12.35m
- AFD129: 2.0m void, intersection width 12.35m
- AFD130: 6.7m voids, intersection width 35.55m
- Drilling extended strike length of mineralization to at least 1,550m (previously 1,300m)
- Maximum width: 400m (central), 250m (west), 50m (faulted section)
- Closed a previous 100m gap/discontinuity
- Historical mining (1913-1965): ~500,000 tons mined from 17,700m of workings/open pits (1.2% of 2023 M&I resource)
- QA/QC: 133 certified reference materials (CRMs), 67 coarse blanks, 800 total checks; 15 CRM fails (mainly low-range Cu/Zn), >80% duplicate samples within 25% of original assay
- ALS Peru S.A. handled sample prep/assaying; ISO/IEC 17205 accredited
- Drilling targeted extension and conversion of inferred resources to indicated/measured categories
- Host geology: folded limestones with manganese oxide replacement, silver, copper, zinc enrichment
- Aftermath Silver: Canadian junior explorer focused on silver, copper, and battery-grade manganese projects; Berenguela is flagship asset
- Qualified Person: Michael Parker, AusIMM fellow and company director
- Forward-looking statements caution included
AI Summary:
- Record Resources (TSXV: REC) adds Alain Mizelle to technical team for hydrogen property development at Lake Temiskaming, Ontario
- Mizelle: 28 years international oil, gas, and mining experience; petroleum geologist and mining engineer
- Mizelle to act as consultant; long-standing advisor to company and CEO Michael Judson
- Mizelle and Judson previously worked on Gabon oil & gas farm-in (2016), vended to T5 Oil & Gas (Dublin-based, founded by ex-Tullow Oil PLC execs)
- Mizelle and VP Exploration Edward Procyshyn developing comprehensive exploration program for hydrogen
- Quebec government now legislates hydrogen as "Gas" under Chapter 111, Section 1 (includes natural gas, biomethane, propane, butane)
- Mizelle's background:
- Ms. (Geology), Msc. (Engineering) Mining, Wits University, Johannesburg
- Former petroleum geologist, Energy Africa Ltd (acquired by Tullow Oil & Gas)
- Involved in exploration/development of Nkossa, Moho-Bilondo, N'Soko, Haute Mer (Congo-Brazzaville), 20+ oil blocks in Gabon
- Guided Energy Africa’s farm-in of Blocks F&G, Equatorial Guinea; discovery of 2+ billion barrels oil at Ceiba-Okoume complex
- Advised on Kouilou Block entry, leading to M'Boundi field development (Congo-Brazzaville)
- Founder, GGPC (Gulf of Guinea Petroleum Corp); co-founder/director, FirstAfrica Oil Plc (US$100 million financing, EOV and Epaemeno assets, Gabon)
- Founder, Prevail Energy Ltd; acquired 20% interest in MKB (Mengo-Kundji-Bindi) asset (Congo)
- Negotiated/signed PSCs and JOAs in West Africa; director, T5 Oil and Gas Limited
- Exploration approach: mineral system targeting hydrogen gas, using gas prospect generation model from oil & gas industry
- Indicators: fairy circles, positive hydrogen assays in lake sediments at Temiskaming suggest hydrogen migration
- Next steps: define total hydrogen system, play-fairways, generate drillable prospects for commercial hydrogen ventures
- Contact: Michael C. Judson, Chairman & CEO, +1-514-865-5496, recordresourcesinc.com
AI Summary:
Phase 1 and 2 concentrators operating, supplied by surface stockpiles
Kamoa Mine and Phase 3 concentrator operations continue as normal
Kakula underground mine operations temporarily suspended due to seismic activity as of May 25, 2025
No lost time injuries reported; all employees safely evacuated
Seismic activity at Kakula may continue for weeks, potentially prolonging suspension
Increased water inflow at Kakula due to impact on underground pumping and electrical infrastructure
Current dewatering rates at Kakula: approx. 1,000 litres per second (L/s)
Target dewatering capacity: over 3,000 L/s to stabilize water levels
Additional pumping equipment being procured with assistance from Zijin and CITIC Metal
Remediation work focused on inspecting, repairing, and restarting pump stations, piping, electrical substations
Surface infrastructure (Phase 1 & 2 concentrators, direct-to-blister smelter) unaffected
Kamoa-Kakula’s 2025 production and cost guidance, and smelter ramp-up schedule withdrawn pending review
Ivanhoe Mines and Zijin committed to restoring Kakula production as soon as safely possible
Ivanhoe Mines advancing three main projects in Southern Africa: Kamoa-Kakula Copper Complex (DRC), Kipushi zinc-copper-germanium-silver mine (DRC), Platreef platinum-palladium-nickel-rhodium-gold-copper mine (South Africa)
Ivanhoe exploring 54-100% owned licences in Western Forelands, area over six times larger than Kamoa-Kakula
No timeline provided for resumption of Kakula underground mining
Further updates to be provided as more information becomes available
AI Summary:
- Bold Ventures Inc. (TSXV: BOL) increases non-brokered private placement by up to $150,000
- Offering up to 9,000,000 WC Units at $0.05 each (up to $450,000) and up to 10,000,000 FT Units at $0.06 each (up to $600,000)
- Total potential Offering: $1,050,000
- Offering extended by up to 30 days, now open until earlier of full sale or June 23, 2025
- Third tranche closed: 4,530,000 FT Units and 200,000 WC Units for $281,800 gross proceeds
- Total so far: 8,031,333 FT Units and 6,000,000 WC Units for $781,879.98 gross proceeds
- Cash finder's fees paid: $14,830; 245,500 compensation warrants issued at $0.08/share, exercisable until Nov 23, 2026
- Third tranche securities subject to hold period until Sept 24, 2025
- Insider subscriptions: 2 insiders, 250,000 FT Units, $15,000 proceeds
- WC Unit: 1 common share ($0.05), 1 warrant ($0.06/share, 24 months)
- FT Unit: 1 common share ($0.06), 1/2 warrant (full warrant at $0.08/share, 18 months)
- Proceeds: WC Units for working capital, property maintenance, exploration, offering expenses; FT Units for Canadian Exploration Expenses (CEE)
- Signed 12-month advertising/investor awareness campaign with Investing News Network (INN), cost $24,000 plus HST, starts May 26, 2025
- Focus on exploration of Copper, Nickel, Lead, Zinc, Gold, Silver, Platinum, Palladium, Chromium in Ontario, Canada (Thunder Bay, Wawa, Ring of Fire regions)
- Contact info: 416-864-1456, info@boldventuresinc.com, bruce@boldventuresinc.com, (705) 266-0847
AI Summary:
- Dolly Varden Silver Corporation (TSXV: DV, NYSE American: DVS, FSE: DVQ) completed acquisition of Kinskuch Property in BC's Golden Triangle
- Acquisition increases Kitsault Valley Project size to approx. 77,000 hectares
- Purchase price: $5 million, paid by issuing 1,351,963 common shares to Hecla Mining Company
- Hecla retains 2% net smelter return royalty (NSR) on Kinskuch; 50% buyback right for $5 million to reduce NSR to 1%
- Hecla maintains a designated position on Dolly Varden's Technical Committee
- Kinskuch Property triples total strike length of favorable Jurassic Hazelton-group volcanic rocks and "Red Line" by adding Illiance trend
- Illiance trend: 3 km long Illy epithermal system, limited modern exploration
- Past producing Esperanza Mine (1910) included, located 2 km north of Dolly Varden's camp in Alice Arm, BC
- Southwestern claims trend within 7 km of Goliath Resources' Surebet Zone gold discovery
- Area south of Big Bulk may host additional gold-copper porphyry systems towards Kitsault molybdenum deposit (advanced by New Moly LLC)
- Hecla owns 10,606,374 Dolly Varden shares (13.3% of outstanding), making this a "related party transaction"
- Transaction exempt from formal valuation and minority shareholder approval under MI 61-101 (value <25% of market cap)
- Shares issued to Hecla subject to 4-month statutory hold period; no finder's fees or commissions paid
- Kitsault Valley Project now 770 sq. km, hosts high-grade silver/gold resources and past producing mines (Dolly Varden, Torbrit)
- Project located 25 km by road to tidewater
- Additional properties: Porter Property (acquisition announced May 23, 2025), proposed MTB Metals Corp. acquisition (announced May 15, 2025, not yet complete)
- Qualified Person: Rob van Egmond, P.Geo., VP Exploration
- Forward-looking statements include potential benefits of acquisitions and exploration risks
- Contact: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com
AI Summary:
- Ramp Metals Inc. closed non-brokered private placement financing for $3,464,917.74
- Flow-through portion increased from $2.3M to ~$3.07M due to investor demand
- Issued 1,481,482 charity flow-through common shares at $2.07 per share
- Issued 295,000 common shares at $1.35 per share
- No finder's fees payable
- Proceeds from CFT Shares for mineral exploration at Rottenstone SW property, Saskatchewan
- Proceeds from Common Shares for exploration expenses and working capital
- All securities subject to hold period in Canada until September 24, 2025
- CFT Shares qualify as "flow-through shares" under Canadian tax law; proceeds to be used for eligible exploration expenses
- Qualifying expenditures to be incurred by December 31, 2026, renounced to subscribers by December 31, 2025
- Financing subject to TSX Venture Exchange approval
- Rottenstone SW property: 32,715 hectares, new high-grade gold discovery of 73.55 g/t Au over 7.5m
- Ramp Metals focused on new Saskatchewan gold district exploration
AI Summary:
- SAGA Metals Corp. (TSXV: SAGA, OTCQB: SAGMF, FSE: 20H) reports additional drill results from 2025 maiden drill program at Radar Ti-V-Fe Project, near Cartwright, Labrador, Canada
- Drill holes HEZ-05 (over 180m core) and HEZ-07 (nearly 100m core) both average over 25% titanomagnetite content; samples up to 60% titanomagnetite
- HEZ-05 drilled at 70-degree dip; confirms oxide layering continuity to 300m vertical depth
- HEZ-07 confirms lateral extension of oxide layering, affected by sinistral faulting; intercepts include fine-grained, massive magnetite layers up to 3m thick
- Initial 7-hole, 2,200m drill program tested 500m x 350m panel; high-grade oxide mineralization continuity supported to 300m depth
- Drilling confirmed massive to semi-massive oxide layering with widths up to 210m in core
- 2025 drill campaign covers 1/40th of ~20km long oxide layering zone at Radar project
- Radar Property: 100%-owned, 24,175 hectares, 10km from Cartwright, with road, port, airstrip, hydro power access
- Dykes River intrusive complex: Mesoproterozoic layered mafic intrusion, 20km long Ti-V-Fe rich layer identified by magnetic surveys
- SAGA’s Double Mer Uranium Project (Labrador): 25,600 hectares, 18km uranium trend, 14km confirmed, samples up to 0.428% U3O8
- Legacy Lithium Property (Quebec): 65,849 hectares, partnership with Rio Tinto, includes Amirault Lithium Project
- SAGA also exploring for titanium, vanadium, iron ore in Labrador
- Qualified Person: Paul J. McGuigan, P. Geo.
- Forward-looking statements and risks disclosed
AI Summary:
- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) increases maximum gross proceeds of private placement from $1,035,000 to $1,500,000
- Up to 16,666,666 units offered at $0.09 per unit
- Each unit includes 1 common share and 0.5 common share purchase warrant
- Each whole warrant exercisable at $0.12 for 24 months after closing
- Possible finder’s fees: 7% cash and 7% compensation warrants
- Securities subject to 4 months plus 1 day hold period
- Proceeds to fund drilling at Esquilache Project (Peru), exploration at Matthina Gold Project, and general working capital
- Company operates in Peru and Australia (central Victoria and Tasmania)
- Closing subject to corporate and regulatory approvals, including TSX Venture Exchange
- Securities not registered or offered in the United States
AI Summary:
- Etrion Corporation released Q1 2025 interim financial statements and MD&A
- Company proceeding with windup, maintaining very limited resources
- Additional return of capital declared: US$0.01173 per common share
- Distribution date: May 27, 2025
- Distribution classified as return of capital; common share capital reduced accordingly
- Non-IFRS measures (EBITDA, Adjusted operating cash flow) included; see MD&A for details
- Forward-looking statements caution on risks, uncertainties, and no guarantee of future performance
AI Summary:
- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) reports positive drill results from Southwest Zone, Troilus Project, Quebec
- 2025 drill campaign focused on higher-grade mineralization, enhancing block model confidence for years 1–5 of mine plan
- Drill hole SW-25-681: 1.79 g/t AuEq over 36 metres, including 2.44 g/t AuEq over 23 metres
- Drill hole SW-25-709: 1.52 g/t AuEq over 21 metres, including 3.09 g/t AuEq over 5 metres
- Previous best intercept (SW-25-688): 2.44 g/t AuEq over 56 metres, including 3.28 g/t AuEq over 34 metres
- True thicknesses approx. 75%–90% of drilled length
- Troilus Project resource: 11.21 million gold equivalent ounces indicated, 1.80 million gold equivalent ounces inferred
- Feasibility Study (May 2024): 22-year mine life, 50,000 tonnes per day open-pit operation
- Land position: 435 km² in Frôtet-Evans Greenstone Belt, Quebec
- Next drilling phase planned for Q3 2025; Southwest drilling now complete, assays pending for several holes
- QA/QC: 1 certified standard and 1 blank per 25 samples; assays by ALS Laboratory; multi-element analysis (33 elements)
- AuEq calculated using $1,850/oz Au, $4.25/lb Cu, $23/oz Ag
- Technical report available on SEDAR+ and company website
AI Summary:
- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) announces positive 2025 drilling results from Southwest zone, Troilus project, Québec
- Drilling campaign focused on higher-grade zones, risk reduction, and block model confidence for years 1-5 of mine plan
- Key drill results:
- SW-25-681: 1.79 g/t AuEq over 36m, incl. 2.44 g/t AuEq over 23m
- SW-25-709: 1.52 g/t AuEq over 21m, incl. 3.09 g/t AuEq over 5m
- SW-25-688 (previously reported): 2.44 g/t AuEq over 56m, incl. 3.28 g/t AuEq over 34m
- True thicknesses approx. 75-90% of drilled length
- AuEq formula for Southwest: Au + 1.6823 x Cu + 0.0124 x Ag
- Troilus project resources: 11.21 million oz AuEq indicated, 1.80 million oz AuEq inferred (as of Oct 16, 2023)
- Feasibility study (May 2024): open-pit mine, 22-year life, 50,000 tpd capacity
- Troilus land package: 435 km² in Frotet-Evans greenstone belt, Québec
- Next drilling phase planned for Q3 2025, targeting further expansion of high-grade zones
- Rigorous QA/QC: 1m samples, ALS Laboratory, certified reference materials every 25 samples, standard crushing to 75 microns, 1-AT fire assay (30g), gravimetric finish for >3.5 g/t Au, 50g fire assay for QA/QC, ME-ICP61 for 33 elements
- Metal price assumptions for AuEq: $1,850/oz Au, $4.25/lb Cu, $23.00/oz Ag
- Feasibility technical report available on SEDAR+ and company website
- Qualified Person: Nicolas Guest, P.Geo., Director of Exploration, Troilus Gold Corp.
AI Summary:
- Brazil Potash Corp. (NYSE-American: GRO) completed site preparation at future port terminal for Autazes Project
- Autazes Project located 5 miles from Madeira River
- Project aims to provide new domestic potash source for Brazilian agriculture
- Brazil imported over 95% of its potash fertilizer in 2024
- Initial planned annual potash production: up to 2.4 million tons
- Potential to supply approximately 20% of Brazil’s current potash demand
- 100% of production expected to be sold domestically
- Estimated reduction of 1.4 million tons per year in GHG emissions
- Potash to be transported primarily by river barges in partnership with Amaggi
- Brazil is one of the world’s largest agricultural exporters, with high fresh water and arable land resources
AI Summary:
- West Red Lake Gold Mines Ltd. (TSXV: WRLG, OTCQB: WRLGF) Board approved immediate restart of Madsen Mine on May 21, 2025
- Madsen Mine acquired June 2023
- Bulk sample results: mined tonnes and gold grade matched modeled expectations
- Restart milestone achieved ahead of mid-2025 schedule
- Initial mining and processing plan: average 500 tonnes per day for first two months, ramping up in second half of 2025
- Madsen Gold Mine and 47 km² land package in Red Lake district, Ontario
- Red Lake Gold District has produced over 30 million ounces of gold
- WRLG also owns Rowan Property: 31 km², includes three past producing gold mines (Rowan, Mount Jamie, Red Summit)
- Forward-looking statements caution: risks include market volatility, commodity price fluctuations, business plan changes
- Additional information available on SEDAR+ and company website
AI Summary:
- Opus One Gold Corp (TSX-V: OOR) reports drill results from 100% owned Noyell project, near Matagami, Abitibi, Québec
- Drill hole NO-25-03: 3.79 g/t Au over 6.7 m (true width 5.26 m) from 57.2 to 63.9 m, Zone 1 structure, vertical depth 50 m below surface
- Overburden in area approximately 20 m thick
- Drill hole NO-25-02: 1.06 g/t Au over 0.5 m (true width 0.47 m) between 174.3 and 174.8 m, 70 m east of NO-25-03, weak mineralization
- Drill hole NO-25-04: 2.47 g/t Au over 1.0 m (true width 0.72 m) between 297.8 and 298.8 m, target at 270 vertical meters, weak mineralization
- Project located 25 km south of Matagami, 14 km from regional road 109
- More assay results expected soon
- Sample preparation and QAQC: samples cut and bagged at Technominex, analyzed at AGAT labs, fire assay (50g) with ICP-OES finish, gravimetric finish for samples ≥10 g/t Au, control sample inserted after every 9 samples
- Opus One focused on gold and base metals in Abitibi Greenstone Belt, assets in Val-d'Or and Matagami districts
- Data verified by independent qualified person Pierre O’Dowd, P.Geo
- Company to attend Mining Investment Event in Quebec City, June 3-5, 2025
- Contact: Louis Morin (CEO), Michael W. Kinley (CFO), info@OpusOneGold.com
- Forward-looking statements and risks disclosed as per Canadian securities legislation
AI Summary:
- Opus One Gold Corp (TSX-V: OOR) announces winter drilling results at 100% owned Noyell project near Matagami, Abitibi (Québec)
- Drill hole NO-25-03: 3.79 g/t Au over 6.7 m (true width ~5.26 m) from 57.2 m to 63.9 m depth, Zone 1 structure
- Mineralized interval at 50 m vertical depth, shallowest to date in Zone 1; overburden ~20 m thick in area
- Drill hole NO-25-02: 1.06 g/t Au over 0.5 m (true width 0.47 m) between 174.3 m and 174.8 m, 70 m east of NO-25-03
- Drill hole NO-25-04: 2.47 g/t Au over 1.0 m at ~270 m vertical depth, west part of Zone 1
- Additional assay results pending
- Noyell project located 25 km south of Matagami, 14 km from regional road 109
- Proximity to infrastructure expected to reduce exploration and development costs
- Opus One to attend The Mining Investment Event, Québec City, June 3-5, 2025
- QAQC: samples processed at Technominex (Rouyn-Noranda), analyzed at AGAT labs (Val-d'Or and others); gold by 50 g fire assay with ICP-OES finish; >10 g/t Au samples by gravimetric finish; 1 control sample inserted per 9 regular samples
- Opus One holds assets in Val-d'Or, Matagami, Baie James (Abitibi greenstone belt, Québec & Ontario)
- Data verified by independent qualified person Pierre O’Dowd, P.Geo
- Forward-looking statements subject to risks and uncertainties as per Opus One’s 2022 annual report (SEDAR+)
- Contact: Louis Morin (CEO) +1 514-591-3988; Michael W. Kinley (President, CFO) +1 902-402-0388
- Photos available via provided GlobeNewswire links
AI Summary:
- Cornish Metals Inc. (AIM/TSX-V: CUSN) to hold 2025 Annual General and Special Meeting (AGSM) on Monday 30 June 2025
- Meeting time: 5pm (London), 9am (Vancouver), virtual-only via live audio teleconference
- Shareholders on register as of 13 May 2025 eligible to vote
- AGSM expected to conclude at 5:30pm (London), 9:30am (Vancouver)
- Online webinar with company updates to follow AGSM; pre-registration required by 4pm (London), 8am (Vancouver) on 30 June 2025
- Company advancing 100% owned and permitted South Crofty tin project in Cornwall, UK
- Dual-listed on AIM and TSX-V (CUSN)
- Management Proxy Circular and meeting materials available on company website
- Forward-looking statements included; subject to risks and uncertainties regarding regulatory approvals, financing, exploration results, and operational factors
AI Summary:
- Hi-View Resources Inc. (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces 8-for-1 share consolidation
- Outstanding shares reduced to approximately 4,840,060 post-consolidation
- No fractional shares issued; less than half a share cancelled, half or more rounded up
- Exercise/conversion prices and number of shares under options/convertibles adjusted proportionately
- Record date for consolidation: May 28, 2025
- Trading of post-consolidated shares on CSE expected to start on or about May 28, 2025, pending CSE approval
- Company CUSIP and ISIN numbers to change; company name and stock symbol remain unchanged
- No name change with consolidation
- Hi-View holds 100% interest in Babine BC Copper-Gold property, interests in Golden Stranger Property, Lawyers East, West, South, and BEN claims
- Total land holdings: over 9,749 hectares in Toodoggone region, northern BC
- Nearly 10,000-hectare land package; less than 1% explored by drilling
- Consolidation aimed to attract capital for drilling and exploration
- Neighboring AuRORA discovery cited as significant
- Forward-looking statements caution actual results may differ due to market and economic factors
AI Summary:
- Troilus Gold Corp. secured loan agreement with Auramet International for up to US$35 million (~CDN$49 million)
- Loan supports near-term development: final permitting, early works, project financing
- Anticipated inflow from over $16 million of in-the-money warrants
- Loan initial term: 1 year; structured in tranches
- Initial tranche: US$15 million advanced at signing
- Remaining US$20 million available for drawdown after 90 days, subject to conditions
- Interest: 1.0% monthly on outstanding balance; increases to 1.25% per month if extended by 6 months
- Loan secured by negative pledge, security interest, hypothec on company assets
- Repayment can be accelerated or prepaid at any time without penalty
- Lender received 5,000,000 warrants (exercise price $0.60/share, 10% premium to 5-day VWAP) for first tranche
- Additional 5,000,000 warrants for second tranche (exercise price at 10% premium to 5-day VWAP)
- Warrants term: 24 months; possible extra 10,000,000 warrants if loan maturity extended
- Auramet: over US$25 billion annual revenues, established 2004, 350+ years combined industry experience
- Troilus: Canadian mining company, 435 km² land in Quebec, 22-year, 50ktpd open-pit operation per May 2024 Feasibility Study
AI Summary:
- SAGA Metals Corp. appoints Vernon Shein to board of advisors
- Shein: 39 years exploration industry experience, last 18 years as Exploration Manager for Bema Gold Corp. and B2Gold
- Managed projects: Kupol Mine (Russia), Jabali Mine (Nicaragua), Montana open pit at Masbate Mine (Philippines)
- Kupol Mine: drilling/modeling through Pre-Economic Assessment (2004), Final Feasibility (2005)
- Jabali Mine: advanced from prospect to mineable reserve/resource in 2 years, mining began 2013
- Oversaw exploration at Aurion/B2GOLD JV in Central Lapland, Finland; discovered western extension of Rupert's Ikkari deposit
- Shein to focus on Radar Ti-V-Fe project near Cartwright, Labrador
- SAGA’s flagship Double Mer Uranium Project: Labrador, 25,600 hectares, 18 km east-west uranium trend, 14 km confirmed, samples up to 0.428% U3O8
- Uranium uranophane identified in high radiometric areas (2024 Double Mer Technical Report)
- Legacy Lithium Property (Quebec, Eeyou Istchee James Bay) + Amirault Lithium Project: total 65,849 hectares, partnership with Rio Tinto
- Properties share geology with Rio Tinto, Winsome Resources, Azimut Exploration, Loyal Lithium
- Additional assets in Labrador: titanium, vanadium, iron ore exploration
- SAGA positioned for critical minerals supporting green energy transition
AI Summary:
- Cornish Metals Inc. released unaudited financial statements and MD&A for Q1 2025 (ended March 31, 2025)
- £57.4 million fundraise completed, supported by Vision Blue and UK’s National Wealth Fund
- Funding to support mine dewatering, shaft refurbishment, early project works, and project finance process at South Crofty tin project
- Senior appointments made: Project Director and General Manager for South Crofty
- Company advancing and de-risking 100% owned, permitted South Crofty tin project in Cornwall, UK
- Dual-listed on TSX-V and AIM (CUSN)
- 2024 Preliminary Economic Assessment includes Inferred Mineral Resources; no certainty of realization or economic viability
- All financial figures expressed in Canadian dollars
- Reports available on SEDAR+ and company website
- Cautionary statements regarding forward-looking information and non-IFRS measures included
AI Summary:
- West Red Lake Gold Mines Ltd. (TSXV: WRLG, OTCQB: WRLGF) drew remaining US$12.5 million of US$35 million credit facility with Nebari Natural Resources Credit Fund II LP
- Credit Facility entered Dec 31, 2024; announced Jan 2, 2025
- Tranche 1: US$15 million received Dec 31, 2024
- Tranche 2: US$7.5 million announced Mar 19, 2025
- Final Tranche proceeds: for Madsen Mine restart, corporate, exploration, working capital
- Repayment: 50% principal via straight-line amortization starts 15th month after Tranche 1; remaining 50% due at maturity
- Early repayment allowed with make-whole payment
- Interest: floating rate = 3-month Term SOFR (minimum 4.0%) + 8.0% per annum
- Administration fee: US$30,000 per annum
- Arrangement fee: 1.5% of funded amount per tranche
- No finder’s fees
- Maturity date: June 30, 2028
- Issued 4,158,875 non-transferable common share purchase warrants (Final Tranche Loan Bonus Warrants) at CAD$0.85/share (USD/CAD 1.38), expiring June 30, 2028
- Warrants subject to pro-rata reduction if loan prepaid; cash compensation to lender for reduction
- Warrants subject to 4 months + 1 day hold period
- Warrants represent Canadian equivalent of 20% of loan amount divided by 30% premium to 20-day VWAP
- Nebari owns 12,718,185 common share purchase warrants; no other securities
- West Red Lake Gold Mines: focuses on Madsen Gold Mine (47 km²) in Red Lake district, Ontario; Red Lake district has produced over 30 million oz gold
- Also owns Rowan Property (31 km²) with three past producing gold mines: Rowan, Mount Jamie, Red Summit
AI Summary:
- West Red Lake Gold Mines Ltd. (TSXV: WRLG, OTCQB: WRLGF) reports new drill results from 100% owned Madsen Mine, Red Lake Gold District, Ontario
- South Austin Zone Indicated resource: 474,600 oz @ 8.7 g/t Au; Inferred resource: 31,800 oz @ 8.7 g/t Au
- Drill results define Stope 6 mining panel an additional 40m down plunge; area is ~300m down plunge from high-grade intercepts reported Feb 26, 2025
- Previous South Austin intercepts: 114.26 g/t Au over 10.6m; 77.90 g/t Au over 3m; 24.48 g/t Au over 8.5m
- Bulk sampling campaign completed; positive reconciliation results reported May 7, 2025
- Ramp-up to production at Madsen planned for H2 2025
- Madsen Mine NI 43-101 Indicated resource: 1.65 Moz @ 7.4 g/t Au; Inferred: 0.37 Moz @ 6.3 g/t Au (cut-off: 3.38 g/t Au, gold price: US$1,800/oz)
- Probable reserves: 478,000 oz @ 8.16 g/t Au (gold price: US$1,680/oz)
- Madsen Mine property: 47 km² in Red Lake district; Red Lake Gold District has produced over 30 Moz gold
- WRLG also owns Rowan Property (31 km², includes three past-producing mines)
- Drilling focused on high-grade, continuous portions of Austin, South Austin, North Austin, McVeigh Zones
- Technical report dated Jan 7, 2025; resource estimate effective Dec 31, 2021
- QA/QC: drill core samples 0.5–1.5m, 5% control sample insertion, SGS Red Lake for assays
- Contact: Gwen Preston, VP Communications, (604) 609-6132, investors@wrlgold.com
- Forward-looking statements caution regarding risks, uncertainties, and future results
AI Summary:
- Hi-View Resources Inc. (CSE: HVW; OTCQB: HVWRF; FSE: B63) acquires 100% interest in 613.24 hectares of contiguous claims near Amarc and Freeport’s AuRORA porphyry discovery
- New claims contiguous to Hi-View’s Lawyers East block, adjacent to Amarc’s JOY Property
- Acquisition terms: 600,000 common shares issued, $1,073.16 in cash paid to three arm’s length vendors
- Toodoggone Region recognized as one of Canada’s premier mining districts in 2025
- Amarc’s AuRORA discovery considered potentially BC’s highest-grade porphyry find
- Thesis Gold received $24.5 million investment from Centerra Gold for drilling at Lawyers-Ranch complex; Q4 resource update expected
- Skeena Resources sold Sophia project to TDG Gold; invested $11.5 million strategically
- Hi-View’s land package includes 9,787 hectares at Golden Stranger Project and Lawyers South, East, West claims
- Company holds 100% interest in Babine Copper-Gold property, Golden Stranger, Lawyers West/East/South projects
- Focus on gold, silver, copper exploration in Toodoggone region, northern BC
- Planning underway for follow-up exploration program on newly acquired and existing claims
- Management cautions that nearby discoveries may not indicate mineralization on Hi-View properties
AI Summary:
- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) announces non-brokered private placement
- Up to $1,035,000 to be raised
- Up to 11,500,000 units to be issued at $0.09 per unit
- Each unit: 1 common share + 1/2 common share purchase warrant
- Each whole warrant exercisable at $0.12 for 24 months after closing
- Finder’s fees: up to 7% cash + 7% compensation warrants
- Net proceeds for drilling at Esquilache Project (Peru) and general working capital
- Closing subject to corporate and regulatory approvals, including TSX Venture Exchange
- Securities subject to 4 months + 1 day hold period
- Not for distribution or sale in the United States
- Carlton Precious projects in Peru and Australia (central Victoria, Tasmania)