Workflow
MTI(MTX)
icon
Search documents
Mayo Lake Minerals Sells Property in The Yukon to Banyan Gold for $1,000,000
TMX Newsfile· 2025-12-17 12:55
Core Viewpoint - Mayo Lake Minerals Inc. has successfully sold its Trail-Minto Property for $1,000,000 to Banyan Gold Ltd, which will enhance its financial position and allow for an aggressive exploration program in 2026 on its remaining properties in the Mayo-Keno area [2][8]. Financial Transactions - The sale of the Trail-Minto Property will provide Mayo with $1,000,000 in cash, which is intended to be used for debt repayment and general working capital [2][4]. - Mayo has closed the first tranche of a private placement totaling $300,000, consisting of common share units and flow-through units priced at $0.05 each [6][10]. Exploration Plans - The company plans to initiate an exploration program in 2026, focusing on defining gold targets within the Anderson Gold Trend and trenching the Carlin West and AJ targets [11]. - Mayo retains 100% ownership of three highly prospective properties totaling 145.6 sq. km in the Mayo-Keno area, which is known for its Intrusion Related Gold Systems [3][4]. Property Details - The Trail-Minto Property sale includes a 2% Net Smelter Return (NSR), with Banyan having the option to buy back 1% of the NSR for $1,000,000 [2][8]. - The Mayo-Keno area has seen increased exploration activity, with significant resources reported by other companies in the region, including Banyan Gold and Sitka Gold [3][8]. Future Opportunities - The financial relief from the sale allows Mayo to pursue additional advanced properties in the northern Yukon and Alaska, which were previously unattainable due to financial constraints [4][8]. - The company aims to leverage the funds from the private placement and property sale to enhance its exploration capabilities and potentially acquire more valuable projects [8][11].
Powermax Minerals Successfully Completes 2025 Field Program at Atikokan REE Property, Northwestern Ontario
TMX Newsfile· 2025-12-17 11:00
Core Insights - Powermax Minerals Inc. has successfully completed its 2025 field exploration program at the Atikokan Rare Earth Elements (REE) Property in northwestern Ontario, which included geological mapping, prospecting, radiometric surveys, and systematic geochemical sampling [1][2]. Exploration Program Overview - The exploration program involved the collection of 426 samples, including quality assurance and quality control (QA/QC) samples [2]. - The sampling included 251 soil samples, 10 sediment samples, and 165 rock samples [10]. Geological Mapping Results - Geological mapping identified three principal lithological domains: Block A (granodiorite to granite), Block B (gneissic tonalite), and Block C (dominantly gneissic tonalite) [3][4]. - Granitic and pegmatitic rocks are considered favorable for REE mineralization due to their association with late-stage magmatic systems [3]. Radiometric Survey Findings - Radiometric surveys indicated background levels in gneissic tonalite ranged from approximately 60 to 80 counts per second (cps), while granitic and pegmatitic units showed higher responses from 100 to 2,700 cps [11]. - Elevated cps values, particularly above 200-300 cps, are considered anomalous and warrant further geological and geochemical follow-up [11]. Airborne Geophysical Survey - A high-resolution helicopter-borne magnetic and radiometric survey has been completed, with the final interpretation report pending [6]. - The integration of this data with geological mapping and sampling results will help refine exploration targeting [6]. Exploration Implications - The combination of favorable host rocks, elevated radiometric responses, and structural complexity suggests that the Atikokan Property has geological characteristics associated with REE-prospective systems [7]. Management Commentary - The CEO of Powermax Minerals highlighted the completion of the field program as a significant milestone, generating a robust technical dataset for evaluating the property's REE potential [14].
LaFleur Minerals Upsizes LIFE and Flow-Through Unit Offerings
TMX Newsfile· 2025-12-17 00:22
Core Viewpoint - LaFleur Minerals Inc. has amended its non-brokered private placement offering, increasing it to 9,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $4,500,000 to fund gold production operations and general working capital [1][2]. Group 1: Offering Details - The offering consists of units that include one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 36 months [1]. - The offering will not be subject to a hold period under Canadian securities laws [4]. - The closing date for the offering is expected around December 31, 2025 [7]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated to restarting gold production at the Beacon Gold Mine and Mill, and for work at the Swanson Gold Project in Quebec [2]. Group 3: Financial Arrangements - The company will pay a cash commission of 7.0% on the gross proceeds to qualified finders and brokers, along with broker warrants equal to 7.0% of the units sold [6].
GMV Minerals Announces Upsize of Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption
Accessnewswire· 2025-12-16 22:20
Group 1 - GMV Minerals Inc. has increased the size of its non-brokered private placement from C$4,000,000 to C$4,550,000 due to strong investor demand [1] - The announcement of the private placement was initially made on December 5, 2025 [1] - The offering is aimed at raising aggregate gross proceeds to support the company's initiatives [1]
Linear Minerals Corp Closes First Tranche of Private Placement Financing
Accessnewswire· 2025-12-16 22:07
Group 1 - Linear Minerals Corp. has closed the first tranche of a non-brokered private placement for gross proceeds of up to $900,000 [1] - The first tranche involves the issuance of 3,000,000 flow-through common shares at a price of $0.05 per share, resulting in gross proceeds of $150,000 [1]
Kenorland Minerals Reports Maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Million Ounces at the Frotet Project, Quebec, Where It Holds a 4% NSR Royalty
TMX Newsfile· 2025-12-16 12:30
Core Viewpoint - Kenorland Minerals Ltd. has announced a maiden Inferred Mineral Resource of 14.5 million tonnes (Mt) at an average grade of 5.47 grams per tonne (g/t), equating to 2.55 million ounces (Moz) of gold for the Regnault gold deposit at the Frotet Project in northern Quebec, highlighting the project's significant potential and the value of Kenorland's 4% NSR royalty [1][2][17]. Summary by Sections Mineral Resource Estimate - The maiden Mineral Resource Estimate (MRE) includes data from 289 diamond drill holes totaling 127,217 meters, with 92 high-grade veins defined at a 2.50 g/t Au cut-off and a broader low-grade envelope encompassing 91 veins at a 0.30 g/t Au cut-off [3][4]. - Inferred Mineral Resources are classified based on a minimum of three drill holes with a nominal spacing of up to approximately 80 meters, with certain areas excluded due to not meeting the spacing criteria [4][10]. Exploration and Growth Potential - The resource remains open in multiple directions, indicating substantial upside potential for further resource expansion, with high-grade mineralization extending beyond the current Inferred Mineral Resource Estimate [9][11]. - Notable high-grade mineralization examples include intersections such as 3.00 meters at 10.09 g/t Au and 6.70 meters at 30.41 g/t Au, which are outside the current resource footprint [22]. Project Overview - The Frotet Project covers 38,930 hectares within the Frotet-Evans greenstone belt and is adjacent to the past-producing Troilus Gold Corporation's mine, which had an indicated mineral resource of 9.32 Moz Au [16][19]. - Kenorland initially staked the project in 2017 and entered into a joint venture with Sumitomo in 2018, leading to the discovery of the Regnault gold deposit in 2020 [17][26]. Royalty Structure - Kenorland holds a 4% NSR royalty on the Frotet Project, which is now backed by a formal high-grade multi-million ounce gold resource, enhancing its value in the junior sector [2][18].
LaFleur Minerals Announces LIFE and Flow-Through Unit Offerings
TMX Newsfile· 2025-12-16 04:29
Core Viewpoint - LaFleur Minerals Inc. is initiating a non-brokered private placement offering to raise up to $4,500,000 through two offerings: the LIFE Offering and the FT Offering, aimed at funding gold production operations and exploration projects [1][2][5]. Group 1: LIFE Offering - The LIFE Offering consists of up to 6,000,000 units priced at $0.50 per unit, with gross proceeds expected to reach $3,000,000 [1]. - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 24 months [1]. - The proceeds will be allocated to restarting gold production at the Beacon Gold Mine and Mill, and for general working capital [2]. Group 2: FT Offering - The FT Offering will offer up to 2,500,000 flow-through units at $0.60 per unit, aiming for gross proceeds of $1,500,000 [5]. - Each flow-through unit will consist of one common share classified as a "flow-through share" and one warrant with terms similar to those in the LIFE Offering [5]. - Proceeds from the FT Offering will be used for Canadian Exploration Expenses related to the Swanson Gold Project [6]. Group 3: Securities and Regulations - The securities from the LIFE Offering will not have a hold period under Canadian securities laws, while those from the FT Offering will be subject to a four-month hold period [4][7]. - Both offerings are available to purchasers in Canada, excluding Quebec, under the listed issuer financing exemption [3]. Group 4: Commissions and Closing - The company will pay a 7.0% cash commission to qualified finders and brokers on the gross proceeds from both offerings, along with broker warrants [8]. - The expected closing date for both offerings is around December 31, 2025 [9]. Group 5: Company Overview - LaFleur Minerals Inc. focuses on developing gold projects in the Abitibi Gold Belt, particularly the Swanson Gold Deposit and the Beacon Gold Mill [11]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects [11]. - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is positioned for both Swanson and custom milling operations [11].
Stillwater Critical Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
Accessnewswire· 2025-12-15 15:35
Core Viewpoint - Stillwater Critical Minerals Corp. has successfully increased its "bought deal" private placement from gross proceeds of C$10,000,400 to C$15,000,140 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 32,609,000 units priced at C$0.46 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each warrant allows the holder to purchase one common share at a price of C$0.64 within 36 months following the closing date [2] - The underwriters have an option to purchase an additional 4,348,000 units for up to C$2,000,080 in gross proceeds [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and advancement of the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, as well as for general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange, and is scheduled to close on or about December 30, 2025 [7]
Stillwater Critical Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
Accessnewswire· 2025-12-15 12:15
Core Viewpoint - Stillwater Critical Minerals Corp. has announced a private placement agreement with Red Cloud Securities Inc. and Research Capital Corporation to raise gross proceeds of C$10,000,400 through the sale of 21,740,000 units at a price of C$0.46 per unit [1] Group 1: Financial Details - The offering consists of 21,740,000 units priced at C$0.46 each, resulting in total gross proceeds of C$10,000,400 [1] - Each unit includes one common share and one-half of a common share purchase warrant [1]
Spark Energy Minerals Announces Closing of Private Placement
Newsfile· 2025-12-12 19:51
Core Viewpoint - Spark Energy Minerals Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $500,000 through the issuance of 10,000,000 units, which will support its exploration initiatives in Brazil [1][2]. Group 1: Private Placement Details - The private placement was fully subscribed by a strategic investor, enhancing Spark's shareholder base and aligning interests in the company's exploration efforts [2]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.06 for three years [3]. - The net proceeds will fund the near-term drill program at the Arapaima Project in Brazil, covering mobilization and initial drilling costs, with remaining funds allocated to general working capital [4]. Group 2: Company Overview - Spark Energy Minerals Inc. focuses on the exploration and development of critical minerals essential for the clean-energy transition, particularly in Brazil's Lithium Valley [7]. - The Arapaima Project spans approximately 91,900 hectares and targets lithium and gallium-REE mineralization, contributing to a sustainable supply chain for electrification and renewable energy [7].