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Discovery Lithium to Acquire Private Lithium Explorer Midex Resources

Retrieved on:

Thursday, March 21, 2024

VANCOUVER, British Columbia, March 21, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTCQB: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company,” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that the Company has signed a letter of intent (“LOI”) to acquire a 100% interest in Midex Resources, a Canadian lithium exploration company.

Key Points:

VANCOUVER, British Columbia, March 21, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTCQB: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company,” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that the Company has signed a letter of intent (“LOI”) to acquire a 100% interest in Midex Resources, a Canadian lithium exploration company.
Discovery Lithium to acquire 43,000-hectare land position in known li-bearing pegmatite fields with resources within northwestern Ontario.
Midex is led by CEO David Jamieson, who has established a team of experts to build Midex into a leading private exploration company.
Discovery Lithium and Midex expect additional synergies to be created through the proposed Transaction by strengthening both the team and property portfolio of Discovery Lithium.

$1 Million to Benefit Red Lake Reservation Housing Authority Through Federal Home Loan Bank of Des Moines’ Affordable Housing Program

Retrieved on:

Wednesday, March 20, 2024

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) partnered with its member First National Bank Bemidji to award Red Lake Reservation Housing Authority (RLRHA) a $1 million grant to support the construction of nearly 30 new three-bedroom single-family units on the Red Lake Reservation in Minnesota.

Key Points:

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) partnered with its member First National Bank Bemidji to award Red Lake Reservation Housing Authority (RLRHA) a $1 million grant to support the construction of nearly 30 new three-bedroom single-family units on the Red Lake Reservation in Minnesota.
View the full release here: https://www.businesswire.com/news/home/20240320834034/en/
The Federal Home Loan Bank of Des Moines partnered with its member First National Bank Bemidji to award Red Lake Reservation Housing Authority a $1 million grant to support new housing on the Red Lake Reservation in Minnesota.
(Photo: Business Wire)
Red Lake Reservation is owned and occupied entirely by members of the Red Lake Band of Chippewa Indians — the only such reservation in Minnesota.
The proposed project units will be located in four communities on the Red Lake Reservation: Red Lake, Little Rock, Redby and Ponemah.

West Red Lake Gold Announces Upsize to Previously Announced Private Placement

Retrieved on:

Friday, March 1, 2024

Prospectus, TSX Venture Exchange, Floor, Rule, Sale, Regulation D, Warrant, Gold, Agent, Unit, Offering, Security (finance)

TORONTO, March 01, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), to increase the size of its previously announced private placement of units (the “Units”) to US$23,000,000 (the “Offering”) from US$20,000,000. The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below) to cover over-allotments, if any.

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TORONTO, March 01, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), to increase the size of its previously announced private placement of units (the “Units”) to US$23,000,000 (the “Offering”) from US$20,000,000.
Commencing January 1, 2026, the Company will cause gold to be placed in escrow on a quarterly basis into a gold trust account.
The Notes will amortize based on a guaranteed floor price of US$1,800 per ounce of gold (the “Floor Price”).
Any excess proceeds by which the gold price exceeds the Floor Price will be paid to investors as a premium.

West Red Lake Gold Announces a US$20 Million Private Placement of Gold Linked Notes

Retrieved on:

Tuesday, February 27, 2024

Prospectus, TSX Venture Exchange, Floor, Rule, Sale, Regulation D, Warrant, Indian stock exchange, Gold, Agent, Unit, Offering, Security (finance)

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, on behalf of a syndicate of agents (together, the “Agents”), in connection with a marketed “best efforts” private placement of units of the Company (each, a “Unit”) at a price of US$1,000 per Unit (the “Offering Price”) for gross proceeds of US$20,000,000 (the “Offering”). The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below) to cover over-allotments, if any.

Key Points:

Each Unit will contain gold-linked notes in the aggregate principal amount of US$1,000 (the “Notes”) and 710 common share purchase warrants (the “Warrants”).
Commencing January 1, 2026, the Company will cause gold to be placed in escrow on a quarterly basis into a gold trust account.
The Notes will amortize based on a guaranteed floor price of US$1,800 per ounce of gold (the “Floor Price”).
Any excess proceeds by which the gold price exceeds the Floor Price will be paid to investors as a premium.

Number of Ontario hospital emergency closures soars to new record: Health Coalition demands Ford government finally take action

Retrieved on:

Tuesday, December 5, 2023

Now, the Coalition found that the number of emergency department closures has increased even more.

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Now, the Coalition found that the number of emergency department closures has increased even more.
The town of Durham in Western Ontario has had at least 51 emergency department closures in 2023 to date.
“It is indisputable that these closures are endangering the health of Ontario residents,” warned Natalie Mehra, executive director of the Ontario Health Coalition.
The Health Coalition demanded the Ford government take real action to address the crisis.

First Mining Discovers New High-Grade Gold Occurrences at its Birch-Uchi Greenstone Belt Project

Retrieved on:

Tuesday, December 5, 2023

National instrument, Rice, IP, Mining, Challenger, Technical report, Inference, Gold, BUGB, Consultant, Data collection, 3D, Soil, Strike, News, Saddle

The dominant sulphide mineralization is composed of pyrite and occurs as very fine-grained disseminations averaging an abundance of 1-5%.

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The dominant sulphide mineralization is composed of pyrite and occurs as very fine-grained disseminations averaging an abundance of 1-5%.
Mineralization appears to occur within geophysical resistivity low signatures interpreted to be large-scale folding within the clastic sedimentary lithology (Figure 2).
The 2023 field results indicate that a high-grade mineralized structure exists along meaningful strike length and therefore warrants follow-up exploration.
We continue to demonstrate a growing exploration story in the renowned Red Lake Mining District that is proven to host large-scale, high value gold deposits," stated James Maxwell, VP Exploration at First Mining.

Red Lake School District Becomes One of the First School Districts Serving Indigenous Students to Electrify Its School Bus Fleet

Retrieved on:

Tuesday, October 24, 2023

Cloud computing, Red Lake Nation College, School, Electricity, Maintenance, CSBP, EPA, Transport, Student, Partnership, Round 1, Indigenous peoples, Red Lake Indian Reservation, Mechanics, Rail transport, Nursing, Red Lake School District

BEVERLY, Mass., Oct. 24, 2023 /PRNewswire/ -- Red Lake School District #38, Minnesota's only school district located in a sovereign tribal nation, today announced its partnership with Highland Electric Fleets, the leading provider of school bus fleet Electrification-as-a-Service (EaaS) in North America. As part of the partnership, Highland will deliver two Blue Bird Type C electric school buses, serving the district's 1,560 students, as well as install two chargers for its bus depot. With the announcement, Red Lake Schools becomes one of the first school districts serving Indigenous students in America to move forward with implementing funding from Round 1 of EPA's Clean School Bus Program (CSBP), which granted the district $790,000 for the procurement of the buses and chargers.

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As part of the partnership, Highland will deliver two Blue Bird Type C electric school buses, serving the district's 1,560 students, as well as install two chargers for its bus depot.
With the announcement, Red Lake Schools becomes one of the first school districts serving Indigenous students in America to move forward with implementing funding from Round 1 of EPA's Clean School Bus Program (CSBP), which granted the district $790,000 for the procurement of the buses and chargers.
"Red Lake School District is very honored to be the recipient of these two electric school buses.
"Enabling smaller rural districts like Red Lake Schools with equitable solutions for their buses is a priority for us and proves that electrification can be simple, accessible and affordable for all."

Slam Acquires New Lithium Project

Retrieved on:

Thursday, October 12, 2023

Lithium, Mining, Geology, JORC, McCombe, CSE, Ear Falls, SLAM, Rare-earth element, Road

MIRAMICHI, New Brunswick, Oct. 12, 2023 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSXV-SXL) is pleased to announce it has entered into an arm’s length option agreement dated October 11, 2023, to acquire a 100% interest in the Ear Falls lithium project, located in the vicinity of a new lithium discovery by Beyond Lithium Inc. (BY on CSE) near Ear Falls in northwestern Ontario.

Key Points:

MIRAMICHI, New Brunswick, Oct. 12, 2023 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSXV-SXL) is pleased to announce it has entered into an arm’s length option agreement dated October 11, 2023, to acquire a 100% interest in the Ear Falls lithium project, located in the vicinity of a new lithium discovery by Beyond Lithium Inc. (BY on CSE) near Ear Falls in northwestern Ontario.
Northeast Claim Group: The northeast group comprises 50 claims covering 1018 hectares located 10 km along strike from new lithium discoveries by Beyond Lithium who recently reported.
The Optionors: The Ear Falls Lithium Agreement was signed by Perry English and Gravel Ridge Resources Ltd., jointly, the Optionors along with the CEO of SLAM.
SLAM President Mike Taylor states, “The new lithium discovery of 4.54% Li2O by Beyond Lithium is very significant.

Forza Lithium Continues Work at its Jeanette Lithium Property

Retrieved on:

Thursday, October 5, 2023

VANCOUVER, British Columbia, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Forza Lithium Corp. (CSE: FZ) (“Forza” or the “Company”) is pleased to announce the company has completed its latest fieldwork program on its Jeannette Lithium Property (“the Property”) for the 2023 season.

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VANCOUVER, British Columbia, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Forza Lithium Corp. (CSE: FZ) (“Forza” or the “Company”) is pleased to announce the company has completed its latest fieldwork program on its Jeannette Lithium Property (“the Property”) for the 2023 season.
The value of 688 ppm Rb was obtained from pegmatite on the south shore of Tarpley Lake in the northeastern part of the Property.
Breaks carried out a review of 157 samples collected on the Jeanette Property from 2022 – July 2023.
have not completed sufficient work to verify the historical information on the property comprising the Jeanette Project, particularly regarding historical exploration, neighbouring companies, and government geological work.

Forza Lithium Announces Commencement of Work at its Jeanette Lithium Property

Retrieved on:

Thursday, August 10, 2023

The Property is located approximately 105 km east of the town of Red Lake, Ontario, and 80 km northeast of Ear Falls, Ontario.

Key Points:

The Property is located approximately 105 km east of the town of Red Lake, Ontario, and 80 km northeast of Ear Falls, Ontario.
A crew of two carried out a 7-day field program in June along logging roads which traverse the Property, collecting 16 grab samples.
The Jeanette lithium property represents an area of high merit for the discovery of additional spodumene bearing pegmatites in an emerging hard-rock lithium district in NW Ontario.
have not completed sufficient work to verify the historical information on the property comprising the Jeanette Project, particularly regarding historical exploration, neighbouring companies, and government geological work.