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Fitzroy Minerals Provides Update on Ptolemy Acquisition
Thenewswire· 2025-02-28 14:15
Core Points - Fitzroy Minerals Inc. is in the process of acquiring Ptolemy Mining Limited through a share exchange agreement dated October 30, 2024 [1] - The deadline for completing the acquisition has been extended to March 31, 2025 [2] - The company received conditional approval from the TSX Venture Exchange for the acquisition, pending the completion of an audit on Ptolemy's financial statements and a non-brokered private placement [3] - The private placement aims to raise between $2.5 million and $3 million by issuing 16,666,666 to 20,000,000 units at a price of $0.15 per unit [3] - Each unit consists of one common share and one-half of a common share purchase warrant, with the full warrant allowing the purchase of one common share at $0.25 for three years [3] - The private placement is fully subscribed, and both the acquisition and the offering are expected to close concurrently in March, subject to certain conditions [4] Company Overview - Fitzroy Minerals focuses on exploring and developing mineral assets in the Americas, with projects including Caballos Copper and Polimet Gold-Copper-Silver in Chile, Taquetren Gold in Argentina, and Cariboo in Canada [6]
Canterra Minerals Selected for PDAC Core Shack
Newsfile· 2025-02-28 12:00
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") announces that it has been selected by the Prospectors & Developers Association of Canada ("PDAC") 2025 technical committee to display drill core from its Buchans Critical Minerals project located in Central Newfoundland at the PDAC Convention's Core Shack.The Core Shack is a distinct exhibit at the PDAC Convention, considered the world's foremost mining ...
St-Georges Closes $1,500,000 financing for Critical Minerals Projects
Thenewswire· 2025-02-27 22:05
Montréal, February 27, 2025 – TheNewswire - St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has closed a non-brokered private placement of 16,666,667 flow-through shares at a price of $0.09 per share. Gross proceed for this placement is $1,500,000.03.The financing was arranged with a single institutional investor who has supported the Company’s critical mineral projects over the years. Each FT share is comprised of one common share in the capital of the Corpora ...
LaFleur Minerals Provides Supplemental Disclosure Related to BullRun Option Agreement
Thenewswire· 2025-02-27 22:00
VANCOUVER, B.C. – February 27, 2025 – TheNewswire - LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, Frankfurt: 3WK0) (“LaFleur Minerals” or the “Company”) is pleased to announce that it has mailed its management information circular (the “Circular”) and related proxy materials to the Company’s shareholders (“Shareholders”) in connection with the Company’s annual general and special meeting (the “Meeting”) to be held at 10:00 am (Pacific time) on March 7, 2025, at the offices of McMillan LLP, 1500 Royal Ce ...
Forte Minerals Heads to PDAC 2025 Where Exploration Meets Opportunity
GlobeNewswire News Room· 2025-02-27 14:15
VANCOUVER, British Columbia, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Forte Minerals Corp. (“Forte” or the “Company”) (CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA) is excited to announce its participation in the annual Prospectors & Developers Association of Canada (PDAC) Convention, happening March 2-5, 2025, at the Metro Toronto Convention Centre. Join the Forte team at Booth 2736 in the Investor Exchange Pavilion, where copper, gold, and 2025 exploration plans take center stage. Get an inside look at Forte’s growi ...
Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)
Seeking Alpha· 2025-02-27 01:01
Group 1 - The article discusses the author's professional background in the Nuclear Power industry and how it aids in evaluating potential equities for long-term investment [1] - The focus is on investing in income-producing equities and rental real estate properties for cash flow and long-term appreciation [1] Group 2 - The author has a beneficial long position in the shares of TLN, indicating confidence in the stock's performance [2] - The article expresses the author's personal opinions and is not influenced by compensation from any company mentioned [2]
Wealth Minerals Announces Private Placement
Newsfile· 2025-02-26 13:30
Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America, with interests in Canada and Chile [4] - The company aims to advance battery metal projects where it has a competitive advantage in project selection and evaluation [5] Private Placement Offering - The company announced a non-brokered private placement offering of up to 25,000,000 units at a subscription price of $0.08 per unit, aiming for gross proceeds of up to $2,000,000 [1] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.15 for a period of 24 months [1] Use of Proceeds - Proceeds from the offering are expected to be utilized for exploration, claim fees, and general working capital [2] Market Dynamics - The lithium market is experiencing profound structural issues that are affecting supply and demand, leading to rapidly increasing metal prices [5] - The company is positioning itself to benefit from the anticipated future mismatch between supply and demand in the lithium market, as well as other battery metals [5]
Solis Minerals Announces $4.5 Million Placement Bolsters Funding Ahead of Drilling in Copper-Rich Region of Peru
Newsfile· 2025-02-25 23:29
Core Viewpoint - Solis Minerals Limited has announced a successful placement to raise A$4.5 million to fund drilling and exploration activities in Peru's copper-rich regions, particularly focusing on the Ilo Este and Chancho Al Palo targets [3][5][7]. Funding and Placement Details - The placement involves issuing 52,941,177 CHESS Depository Interests (CDIs) at A$0.085 per share, with a 1 for 2 unlisted option exercisable at A$0.16 over two years [3][9]. - The placement received strong support from both new and existing sophisticated investors and institutions, including a commitment from Directors to invest A$205,000, pending shareholder approval [4][10]. Use of Proceeds - Proceeds from the placement will be allocated to: - Drilling at Ilo Este and Chancho Al Palo copper targets [5][7]. - Pre-drilling work at the Cinto Project to enable drilling in the second half of 2025 [5][7]. - Regional exploration to define drill targets at other projects, including Chocolate and Canyon [5][7]. - General working capital purposes [5][7]. Company Position and Strategy - The company has established a significant landholding of nearly 70,000 hectares in the Coastal Copper Belt of Peru, identifying a pipeline of priority copper targets through systematic exploration [6][13]. - The company is in a strong financial position ahead of drilling activities, with remaining approvals for drilling expected imminently [7][10]. - 2025 is anticipated to be a pivotal year for the company, with a strong news flow expected from the drilling program across multiple prospects [7]. Market Context - Solis Minerals is focused on unlocking the potential of its copper portfolio in South America, which is a key player in the global copper export market [13][14]. - The company currently holds 81 exploration concessions totaling 69,200 hectares, with a strategic focus on growth opportunities in the mineral-rich region [13][14].
Canadian Critical Minerals Generates USD$159,000 in Revenue from Bull River Mine
Newsfile· 2025-02-25 13:00
Company Overview - Canadian Critical Minerals Inc. (CCMI) is focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project near Cranbrook, British Columbia, which contains copper, gold, and silver resources [4] Revenue and Production - In January 2025, CCMI reported revenues from the sale of stockpiled mineralized material, trucking 415 dry metric tonnes (dmt) to New Afton, resulting in a provisional payment of approximately USD$159,000 [1] - The mineralized material sent to New Afton in January 2025 had grades of 5.37% Cu, 0.75 g/t Au, and 60.7 g/t Ag [1] Operational Challenges - Ore sorting throughput was negatively impacted by winter conditions, requiring additional time for the ore sorter to warm up before operation [2] - The company anticipates sending more material to New Afton in February 2025 compared to the previous two months, despite the total tonnes sent in January being lower than planned [2][3] Management Commentary - Ian Berzins, President and CEO of CCMI, noted that while the total tonnes sent to New Afton were lower than expected, the company achieved some of the highest grades for ore sorting at the Bull River Mine [3]
Dorchester Minerals: Quarterly Distribution May Average $0.80 During 2025
Seeking Alpha· 2025-02-25 11:25
Group 1 - The article promotes a free two-week trial for the investment group Distressed Value Investing, which offers exclusive research on various companies and investment opportunities [1] - The investment group focuses on value opportunities and distressed plays, particularly in the energy sector [2] - The author, Aaron Chow, has over 15 years of analytical experience and previously co-founded a mobile gaming company that was acquired by PENN Entertainment [2] Group 2 - The article emphasizes that past performance is not indicative of future results and does not provide specific investment recommendations [3] - It clarifies that the analysts contributing to the platform may not be licensed or certified by any regulatory body [3]