NI

GEMXX Corporation (OTC: GEMZ) Signs Binding Letter of Intent to Acquire 50% Interest in Proven Yukon Gold Project with an Estimated 4 Million Ounces of Gold

Retrieved on: 
Tuesday, September 26, 2023
Quartz, Agreement, Intellectual property, Yukon Gold, Mineral, Possibility, Property, Snow, Klondike Gold Rush, Resource, The Company, Gold, Acquisition, NI, Engineering, OTC, Probability, Maull, IBN, Cryptocurrency, Mining, Palladium, Uranium mining, Vendor

The Resource Report confirms that the Property holds 2,210,660 ounces of Proven gold resources.

Key Points: 
  • The Resource Report confirms that the Property holds 2,210,660 ounces of Proven gold resources.
  • In addition, the Probable and Possible values indicated in the reports suggest the Yukon Gold Project could yield a total of 4 million ounces of gold.
  • A $50,000 nonrefundable cash deposit will be paid from GEMXX to The Yukon Gold Project for access to geological and engineer reports, other intellectual property, and company information to confirm GEMXX’s interest in The Yukon Gold Project.
  • Richard Clowater, president of GEMXX Corp., is also a control person and owns 50% of issued shares in the Yukon Gold Project.

Integra Announces Updated Mineral Resource Estimate at DeLamar, Including the Addition of +500,000 Ounces AuEq (M&I) Through Successful Stockpile Drill Program

Retrieved on: 
Tuesday, September 26, 2023
Feasibility study, Techno-economic assessment, Mineral, Effective date, PE, National Environmental Policy Act, Technical report, Classification, Marketing, Mineral resource estimation, Resource, 3D, Geology, SME, Silver, Integra, Wildcat, MRE, Exploration, PFS, National Environmental Engineering Research Institute, Gold, National instrument, MPO, Mining, NI, Project, National Instrument 43-101, Growth, Weather, MDA, Environment, ICP, News, Mineral Resources Limited, Economics, Safety, Uranium mining, Lithium, Printed circuit board, Civil engineering, Battle of the Florida Mountains, DeLaMar

The estimate of Mineral Resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.

Key Points: 
  • The estimate of Mineral Resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
  • Mr. Gustin evaluated the drill data statistically, separately interpreting gold and silver mineral domains on sets of 30 m spaced cross sections.
  • Mineral resources were constrained to lie within resource pit shells then classified based on geometrical and statistical parameters.
  • Both individuals are “Qualified Persons” (“QP”) as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects.

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on: 
Monday, September 25, 2023
Minority, Indian stock exchange, Silvercorp, Toronto Stock Exchange, New Pacific Academy, Underwriting, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, NYSE American, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has entered into an agreement with Raymond James Ltd. and Eight Capital (the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 13,208,000 common shares of the Company (the “Common Shares”) at a price of C$2.65 per Common Share, for total gross proceeds of approximately C$35 million (the “Offering”). The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”). The Over-Allotment Option will be exercisable for a period of 30 days following closing.

Key Points: 
  • The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
  • The Over-Allotment Option will be exercisable for a period of 30 days following closing.
  • Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
  • In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on: 
Monday, September 25, 2023
Minority, Indian stock exchange, Toronto Stock Exchange, Silvercorp, New Pacific Academy, Person, Sale, Acquisition, National instrument, NI, Pan American Silver, Offering, NYSE American, TSX, Silvercorp Metals, Pan-American, NEWP, News, NYSE, Security (finance)

The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).

Key Points: 
  • The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
  • The Over-Allotment Option will be exercisable for a period of 30 days following closing.
  • Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
  • In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

Pan American Energy Corp Commences Work on Inaugural Mineral Resource Estimate at the Horizon Lithium Project

Retrieved on: 
Monday, September 25, 2023
Lithium, Database, CSE, American Battery Technology Company, Table, Technical report, Classification, Disclosure, MRE, FRA, Metallurgy, Petroleum, National instrument, NI, Battery, OTC, Project, ABTC, Quality control, Security (finance), Pan-American, News

CALGARY, Alberta, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that is has commenced work on its inaugural mineral resource estimate (“MRE”) at its Horizon Lithium Project (“Horizon” or the “Project”) in the Big Smoky Valley, Esmeralda County, Nevada.

Key Points: 
  • CALGARY, Alberta, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that is has commenced work on its inaugural mineral resource estimate (“MRE”) at its Horizon Lithium Project (“Horizon” or the “Project”) in the Big Smoky Valley, Esmeralda County, Nevada.
  • “The undertaking of work on a mineral resource estimate for Horizon underscores the substantial strides made by Pan American in the development of our lithium asset in Nevada,” states Pan American’s Chief Executive Officer Jason Latkowcer.
  • “In less than a year, we were able to complete an extensive exploratory drill program and will soon be announcing a mineral resource estimate.
  • The mineral resource estimate completed by ABTC for its Tonopah Flats project was prepared by RESPEC in accordance with Securities and Exchange Commission Regulation S-K 1300.

Reflex Advanced Materials Corp. Amends Non-Brokered Private Placement

Retrieved on: 
Saturday, September 23, 2023
Unit, CSE, Private placement, Private, FSE, Part, Person, Sale, National instrument, NI, HF2, Security (finance)

VANCOUVER, British Columbia, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE:RFLX) (FSE:HF2) (“Reflex” or the “Company”) announces an amendment to the terms of its non-brokered private placement financing (the “Private Placement”) previously announced on August 21, 2023. The Private Placement is now comprised of up to 5,000,000 units of the Company (“Units”) at an updated price of $0.20 per Unit for aggregate gross proceeds of up to $1,000,000.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE:RFLX) (FSE:HF2) (“Reflex” or the “Company”) announces an amendment to the terms of its non-brokered private placement financing (the “Private Placement”) previously announced on August 21, 2023.
  • The Private Placement is now comprised of up to 5,000,000 units of the Company (“Units”) at an updated price of $0.20 per Unit for aggregate gross proceeds of up to $1,000,000.
  • The net proceeds of the Private Placement are intended to be used to advance the Company’s Ruby Graphite Project and for other general corporate purposes.
  • Because the Private Placement is to be completed pursuant to the LIFE Exemption, the securities issued in connection with the Private Placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

StateHouse Announces Fall 2023 Conference Participation

Retrieved on: 
Friday, September 22, 2023
Statehouse, CSE, Auditor, Cultivation, Documentation, National instrument, NI, SAN, SEDAR, Conference, Drug, Audit

SAN DIEGO and TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- StateHouse Holdings Inc .

Key Points: 
  • SAN DIEGO and TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- StateHouse Holdings Inc .
  • (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQB: STHZF), a California-focused, vertically integrated cannabis company, today announced that members of its management team are participating in the following upcoming industry conferences:
    The Cannabis Science Conference held on September 20-22, 2023, in Providence, Rhode Island.
  • Travis Higginbotham, Vice-President of Cultivation at StateHouse, presented on a study entitled “The Impact of Light Distribution on Cannabis Sativa: Intercanopy vs Overhead Light with Equal DLIs.”
    The Benzinga Cannabis Capital Conference is being held on September 27-28, 2023, in Chicago, Illinois.
  • Ed Schmults, Chief Executive Officer of StateHouse, will participate in a panel entitled “The State of California Retail” on Wednesday, September 27th at 1:00 PM CST.

Earthworks Industries Inc. Announces Brokered Financing led by Haywood Securities and Extension of Debt Settlement Repayment Date

Retrieved on: 
Thursday, September 21, 2023
Cortina Indian Rancheria, California, NOT, Indian stock exchange, FOR, TSX Venture Exchange, CLC, Part, Sale, Prospectus, CIWM, US, WIRE, National instrument, NI, Agent, Offering, Compost, Issuer, NEWS, News, Security (finance), Unit

VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Earthworks Industries Inc. (TSXV: EWK) (the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) dated September 20, 2023 to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”) to assist the Company in selling on a commercially reasonable efforts private placement basis, units of the Company (each, a “Unit”) at a price of C$0.20 per Unit (the “Issue Price”) for gross proceeds of a minimum of C$4,000,000 (from the sale of 20,000,000 Units) and a maximum of C$5,000,000 (from the sale of 25,000,000 Units) (the “Offering”).

Key Points: 
  • Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant of the Company (a “Warrant”).
  • The securities offered under the Listed Issuer Financing Exemption will not be subject to a statutory hold period in accordance with applicable Canadian securities laws.
  • Under the extension agreement, dated September 19, 2023, North Bay Corporation (“North Bay”) and Cortina Landfill Company (“CLC”), have agreed to extend the settlement date to October 23, 2023.
  • The Company is proposing the development of an integrated waste handling project at the Cortina Rancheria in Colusa County, California.

Alpha Lithium Files Improved Preliminary Economic Assessment and Provides Update on Strategic Review Process

Retrieved on: 
Thursday, September 21, 2023
Lithium, Techno-economic assessment, Inference, Fenix, Salta Province, Committee, Salar del Hombre Muerto, G&A, QP, PEA, NPV, NO, NI, Mining, OTC, FGC, Transport, Sal, Lithium carbonate, POSCO, News, NEO, Rare-earth element, Alpha, Doctor of Philosophy

The Company also provides an update on its ongoing strategic review process, which continues with active discussions with multiple, multinational parties.

Key Points: 
  • The Company also provides an update on its ongoing strategic review process, which continues with active discussions with multiple, multinational parties.
  • Brad Nichol, President & CEO of Alpha, commented, “Our Strategic Review Process continues, and Alpha is well-positioned with our unique and highly attractive assets.
  • Alpha’s robust strategic review process continues to receive significant interest and remains in progress, as discussions with several interested parties continue.
  • Alpha is well-positioned with its unique lithium assets, which remain highly attractive to a global list of interested parties, including Tecpetrol.

Collective Metals Announces Results of Phase One Soil Survey from its Flagship Princeton Copper Project

Retrieved on: 
Thursday, September 21, 2023
Trojan, CSE, Figure, CMMC, PA2, Mechanical engineering, Nev, Element, Metallurgy, Soil, NI, Gold, Anomaly, Project, PA1, Copper, COMT, News, Princeton Project, Rare-earth element, Surveying, Arms industry, Mining, Collective, Silver, Tellurium

The Program was designed to identify surface geochemical anomalies related to copper mineralization in close proximity to known historic copper mineral showings.

Key Points: 
  • The Program was designed to identify surface geochemical anomalies related to copper mineralization in close proximity to known historic copper mineral showings.
  • Assay results from Phase One samples collected from the southern part of the Project with historic copper showings hosted in a structural corridor (the “Trojan – Condor Corridor”) are highlighted below (Figures 1 to 4).
  • Two areas with anomalous Copper, Silver, Gold & Tellurium were identified based on assay results of Phase One samples.
  • The Company’s 2023 field exploration program is progressing well with results of the regional reconnaissance Phase Two soil sampling program expected in the coming weeks.