Midcontinent Rift System

Perseverance Metals Enters into Option Agreement with Altius Minerals and Bitterroot Resources to Acquire the Voyageur Nickel Project in Michigan, USA

Retrieved on: 
Tuesday, August 1, 2023
PGM, South Tyrol Option Agreement, Option, Eagle, Acquisition, Lundin Mining, Equity (finance), Perseverance (rover), Palladium, Security (finance), Mining, Voyageurs, Midcontinent Rift System, Perseverance, Bitterroot, ALTIUS

The Option Agreement gives Perseverance the exclusive option until December 31, 2025 to earn a 100% interest in the Voyageur Project from Altius Resources Michigan Inc, a wholly owned subsidiary of Altius Minerals Corp., and from Trans Superior Resources Inc. and Voyageur Lands Corp, each a wholly owned subsidiary of Bitterroot Resources Inc. by:

Key Points: 
  • The Option Agreement gives Perseverance the exclusive option until December 31, 2025 to earn a 100% interest in the Voyageur Project from Altius Resources Michigan Inc, a wholly owned subsidiary of Altius Minerals Corp., and from Trans Superior Resources Inc. and Voyageur Lands Corp, each a wholly owned subsidiary of Bitterroot Resources Inc. by:
    Initial Equity: Issuing to Altius and Bitterroot a total of 20% ownership in the equity of Perseverance, to be distributed based on their pro-rata ownership of the Voyageur Project.
  • Exploration Commitment: Incurring C$2,000,000 in exploration expenditures on the Voyageur Project before December 31, 2025, including C$250,000 within the first 12 months.
  • They are a highly motivated and experienced group, with the technical and financial expertise to rapidly advance the Voyageur Project."
  • I fully endorse Perseverance's strategy of exploring for high-grade magmatic sulphide ore deposits in leading North American mining jurisdictions."

Forum Provides Drilling Update at the Love Lake Nickel - Copper - Palladium Project, Saskatchewan

Retrieved on: 
Monday, September 20, 2021
News, Duluth Complex, Idaho, Rabbit, Gold, Uranium, TSX Venture Exchange, Platinum, Exploration, Board, Heart, Forum Energy Technologies, Rio Tinto, Company, Midcontinent Rift System, Saskatchewan Research Council, FMC, VP, National instrument, Copper, Burns, Nickel, Director, Palladium, Mining

Samples have been sent to the Saskatchewan Research Council from three holes drilled at Korvin Lake and What Lake for assay and are expected in mid-October.

Key Points: 
  • Samples have been sent to the Saskatchewan Research Council from three holes drilled at Korvin Lake and What Lake for assay and are expected in mid-October.
  • Forum is on its eleventh and final hole of the drill program on the Korvin Creek target.
  • A summary of the drill program follows:
    Korvin Lake - two holes drilled on the electromagnetic target identified by the HeliSAM Time Domain Electromagnetic (EM) airborne survey completed in May 2021.
  • Forum staked 32,075 hectares over the 20km by 5km Love Lake Complex in 2019, a 2.56 billion year old, palladium enriched layered gabbroic intrusive.

Forum Commences Drilling at Love Lake Nickel/Copper/Palladium Project, Saskatchewan

Retrieved on: 
Tuesday, August 10, 2021
News, Company, Anomaly, Nickel, Copper, Donald Duck filmography, FMC, Duluth Complex, Heart, TSX Venture Exchange, Rabbit, Gold, PGM, Uranium, Midcontinent Rift System, Idaho, Platinum, Rio Tinto, National instrument, Palladium, Mining

The What Lake trenches returned values as high as 0.43% Copper, 0.23% Nickel, 4275 ppb Palladium, 3580 ppb Platinum and 200 ppb Gold.

Key Points: 
  • The What Lake trenches returned values as high as 0.43% Copper, 0.23% Nickel, 4275 ppb Palladium, 3580 ppb Platinum and 200 ppb Gold.
  • Mapping by the Saskatchewan Geological Survey and Forum geologists concluded that drilling in 2000 was drilled in the wrong direction and would have missed reef-style or structural-style PGM mineralization.
  • Forum staked 32,075 hectares over the 20km by 5km Love Lake Complex in 2019, a 2.56 billion year old, palladium enriched layered gabbroic intrusive.
  • In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt.

Clean Air Metals Provides a Corporate Update Including New OTCQB Listing, Appointment of Renmark Financial Communications Inc. and Research Partnership with Lakehead University

Retrieved on: 
Thursday, September 3, 2020
Geology of the United States, Environment of the United States, Geology, Geology of Iowa, Geology of Kansas, Geology of Minnesota, Geology of Nebraska, Geology of Ontario, Midcontinent Rift System, Renmark

Renmark will not have any interest, directly or indirectly, in Clean Air Metals or its securities, or any right or intent to acquire such an interest.

Key Points: 
  • Renmark will not have any interest, directly or indirectly, in Clean Air Metals or its securities, or any right or intent to acquire such an interest.
  • "We are very pleased with the appointment of Renmark to help reinforce Clean Air Metals' profile in the North American financial community.
  • I know from personal experience how effective the Renmark team are and look forward to working with them once again" noted Abraham Drost, CEO of Clean Air Metals.
  • The Company also announces a new research partnership with the Lakehead University geology department to investigate the mineralized intrusions of the Thunder Bay North Intrusive Complex,part of the Midcontinent Rift of North America.

DGAP-News: Palladium One Announces Closing of Private Placement

Retrieved on: 
Wednesday, May 20, 2020
Physical sciences, Chemistry, Geology of the United States, Precious metals, Palladium, PGE, Midcontinent Rift System

The Warrants are subject to a four-month hold period in Canada from the closing date, acceleration and customary capital adjustments.

Key Points: 
  • The Warrants are subject to a four-month hold period in Canada from the closing date, acceleration and customary capital adjustments.
  • In connection with the closing of the placement the Company paid finders' fees totaling $33,452 and 135,000 Warrants to finders who introduced subscribers to the Offering.
  • Palladium One Mining Inc. is a palladium dominant, PGE, nickel, copper exploration and development company.
  • Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

DGAP-News: Palladium One Announces $1.15 Million Non-Brokered Private Placement Flow Through Offerings

Retrieved on: 
Wednesday, May 6, 2020
Geology of the United States, Physical sciences, Environment of the United States, Geology of Iowa, Geology of Kansas, Geology of Minnesota, Geology of Nebraska, Geology of Ontario, Midcontinent Rift System, Nickel, Rift Valley Resources

Derrick Weyrauch, President and CEO commented "Exploration is a deemed Essential Service in Ontario, thereby providing the ability to conduct field activities.

Key Points: 
  • Derrick Weyrauch, President and CEO commented "Exploration is a deemed Essential Service in Ontario, thereby providing the ability to conduct field activities.
  • Palladium One Mining Inc. is a palladium dominant, PGE, nickel, copper exploration and development company.
  • The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly.
  • Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.