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Yahoo
18-07-2025
- Business
- Yahoo
CopperCorp Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) (FSE: NU0) ("CopperCorp" or the "Company") is pleased to announce that it has closed a first tranche of its upsized non-brokered private placement raising gross proceeds of $1,575,319 (the "Offering"). The second tranche of the Offering will consist of an additional 10,882,352 Units (as defined below) being purchased by a strategic investor and Crescat Capital LLC ("Crescat") for combined proceeds to the Company of C$2,500,319. Crescat is purchasing the Units pursuant to an investment agreement with the Company and, on closing of the final tranche of the Offering, will hold approximately 9.3% of the issued shares of Coppercorp. Tranche one of the Offering consists of 18,533,163 units at a price of $0.085 per unit (the "Units"). Each Unit is comprised of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.13 per Share for a period of two years from closing of the Offering. The Company intends to use the proceeds of the Offering for exploration drilling and development of the Company's Hydes and Jukes properties, located in western Tasmania, Australia and for general working capital. In connection with the closing of the Offering, CopperCorp paid finder's fees totaling C$59,974.50 and issued a total of 705,582 finder's warrants (under the same terms as the Warrants). The Offering is subject to all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering. The Offering included participation by insiders of the Company in the aggregate amount of 352,941 Units. The participation in the Offering by these insiders constitutes a related party transaction within the meaning of Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In connection with the participation by the insiders, the Company relied upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of the participation did not exceed twenty-five percent of the market capitalization of the Company (as determined under MI 61-101). This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About CopperCorp CopperCorp is a TSX.V listed (TSXV: CPER) exploration company focused on the exploration and development of its Skyline, and AMC copper-gold-REE projects in western Tasmania. Refer to the CopperCorp website at for further information. Contact:Stephen SwattonPresident, CEO & Directorstephen@ Corporate Development Contact:info@ Additional information about CopperCorp can be found on its website: and at CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation relating to plans for future exploration and drilling and the timing of same, the merits of the Company's mineral projects and other plans of the Company, including statements relating to the use of proceeds and completion of the Offering. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "encouraging", "expects", "plans", "anticipates", "believes", "interpret", "intends", "estimates", "projects", "aims", "suggests", "often", "target", "future", "likely", "pending", "potential", "goal", "objective", "prospective", "possibly", "preliminary" and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or other statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and that such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Factors that could cause future results to differ materially from those anticipated in forward-looking statements include risks associated with exploration and drilling; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; possible accidents; the possibility that the Company may not be able to secure permitting and other governmental approvals necessary to carry out the Company's plans; the risk that the Company will not be able to raise sufficient funds to carry out its business plans; the possibility that future exploration results will not be consistent with the Company's expectations; increases in costs; environmental compliance and changes in environmental and other local legislation and regulation; interest rate other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors and exchange rate fluctuations; changes in economic and political conditions; and other risks involved in the mineral exploration industry. The reader is urged to refer to the Company's Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at for a more complete discussion of risk factors and their potential effects. Forward-looking statements are based on a number of assumptions, including management's assumptions about the following: the availability of financing for the Company's exploration activities; operating and exploration costs; the Company's ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental approvals; market competition; and general business and economic conditions. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
Cision Canada
11-07-2025
- Business
- Cision Canada
CANTEX TO COMPLETE FINANCING INVOLVING CRESCAT CAPITAL TO DRILL HIGH GRADE COPPER, MASSIVE SULPHIDE AND GOLD ON ITS NORTH RACKLA CLAIMS, YUKON
KELOWNA, BC, July 11, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to announce that it will undertake a non-brokered private placement to raise gross proceeds of up to C$3,000,000 (the "Offering") for drilling commencing this summer on its 100% owned North Rackla project. Cantex is pleased to announce that both Crescat Capital and Rob McEwen (founder of Goldcorp and McEwen Mining) are increasing their investment in Cantex through this placement. "Last year's drilling, though limited in scope, yielded some remarkable high-grade results. It also demonstrated the deposit displays continued potential for growth along strike. Though most people think of deposits like MacMillan Pass when they think of the Yukon, Cantex's North Rackla deposit is something unique. It is a deposit that more closely resembles the famous Broken Hill Deposit of Australia, a deposit characterized by high grades as well as a substantial endowment of the exotic metal germanium, a metal highly elevated at North Rackla. We are keen to see Cantex follow up with drilling the newly discovered strike extension found late last season." - Quinton Hennigh, Geologic and Technical Advisor, Crescat Capital. "We are happy to support Cantex with more capital for drilling this season. The zinc grades encountered at its vast North Rackla property last season were outstanding, same with the germanium, a sought-after critical metal. We think the Company is onto a potentially expansive high-grade ore body with much value still to be unlocked. We are furthermore pleased to be investing alongside its Chairman and largest shareholder, Chuck Fipke, a legend in the mining industry." - Kevin Smith, CFA, Founder and CEO, Crescat Capital. The Offering The Offering will be comprised of a combination of charity flow through units ("CFT units") and hard units ("Units") for total gross proceeds of up to C$3,000,000. The CFT units will be priced at $0.21 per unit, with each CFT unit comprised of one flow through share and one non-flow through warrant. Units will be priced at $0.14 per unit, with each Unit comprised of one common share and one non-flow through warrant. Each whole warrant issued in connection with either a CFT unit or a Unit entitles the holder to acquire a non-flow through share at a price of $0.21 for a term of three years. 0974052 B.C. Ltd. ("BC Ltd"), a company over which Dr. Charles Fipke, the Chairman and a control person of the Company exercises control and direction over, will be subscribing for 3,571,429 Units for a total subscription price of C$500,000. BC Ltd will acquire the Units for investment purposes. The Offering and the acceptance of the subscription by BC Ltd was approved by unanimous resolution of the board of directors of the Company with Dr. Fipke declaring his interest in the resolution and abstaining from voting. There was no formal valuation of the Company done in connection with the Offering, nor has there been such a formal valuation in the past 24 months. The Company will rely upon the exemptions contained in Section 5.5(b) and 5.7(b), of Multilateral Instrument 61-101 ("MI 61-101") to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the Company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption will be available as the consideration paid for the Units subscribed for by Dr. Fipke will be less than $2,500,000. The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange. Proceeds from the Offering will be used to fund qualified critical mineral exploration expenditures on the Company's North Rackla project in the Yukon. The Offering remains subject to the acceptance of the TSX Venture Exchange. About Cantex Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150 kilometers northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 86,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.65 kilometers of strike length and at least 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Charles Fipke, C.M., the founder of Ekati, Canada's first diamond mine. The technical information and results reported here have been approved by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Mr Ulansky is the Company's President and CEO. Signed, Chad Ulansky Chad Ulansky President and CEO Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Cantex Mine Development Corp.
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Altamira Gold Closes Upsized $5.28 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (" Altamira" or the " Company"), is pleased to announce that it has closed its previously announced non-brokered private placement, consisting of a total of 52,850,000 units (the " Units") at a price of $0.10 per Unit for aggregate gross proceeds of $5,285,000 (the " Offering"). Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of C$0.15 for a period of 24 months from the closing of the Offering. Due to strong investor demand, the Offering was increased from the initial $4 million to $5.28 million. Crescat Capital LLC (" Crescat") and Aura Minerals Inc. (" Aura"), two of the Company's largest shareholders and strategic investors, participated in the private placement. Kevin Smith, CFA, Founder and CEO of Crescat Capital commented, " We are excited about the district-scale potential of this unique gold porphyry system, the first of its kind in Brazil. At this stage, we see it as a fast-growing exploration story, with the deposit showing strong potential to expand quickly through cost-effective drilling. We are happy to support the Company with fresh capital and look forward to the results on the additional drilling planned at the Maria Bonita gold deposit, the Central resource area, and several previously untested porphyry gold targets." In connection with the Offering, the Company paid aggregate cash commission of $19,500, and issued an aggregate of 195,000 finder warrants to certain arm's-length finders. Each finder's warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.15 per share for a period of 24 months from the closing of the Offering. The Company expects to use the net proceeds of the Offering for follow-up drilling at the Company's Maria Bonita porphyry gold Resource, the Central Area Mineral Resources, and other targets within the Cajueiro project. Funds will also support additional exploration programs within other projects and be used for general working capital purposes. All securities issued pursuant to the Offering are subject to a four-month hold period expiring on October 31, 2025 under Canadian securities laws and the policies of the TSX Venture Exchange, as applicable. The securities issued pursuant to the Offering have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. Pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101") the Company advises that three subscribers, considered to be "related parties" of the Company by virtue of their each holding more than 10% of the Company's issued and outstanding common shares, purchased an aggregate of 41,000,000 Units for gross proceeds of $4,100,000. Each subscription by the related parties of the Company is considered to be a "related party transaction" for purposes of MI 61-101 and TSXV Policy 5.9 - Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the formal valuation requirements contained in section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in section 5.7(1) (a) of MI 61-101, as the Company is not listed on specified markets and the fair market value of the "related party" participation in the Offering does not exceed 25% of the Company's market capitalization, as determined in accordance with MI 61-101. About Altamira Gold Corp. The Company is focused on the exploration and development of gold and copper projects within western central Brazil, strategically advancing five projects spanning over 100,000 hectares within the prolific Juruena Gold Belt-an area that has historically yielded over 6 million ounces of placer gold*. The Company's advanced Cajueiro project contains two gold deposits. The central area comprises NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category. In addition, the Maria Bonita gold deposit comprises additional open-pit Indicated Resources of 24.19Mt @ 0.46g/t for a total of 357,800oz, and Inferred Resources of 25.64Mt @ 0.44g/t for a total of 362,400oz. Ongoing exploration and fieldwork at Cajueiro indicate the presence of multiple porphyry gold systems, reinforcing its potential for district-scale development. These hard-rock gold sources align with historical alluvial gold production, highlighting the region's exceptional gold endowment and scalability. With a highly prospective geological setting and a track record of significant discoveries, the Company is well-positioned to unlock further value across its expansive land package. * Juliani, C. et al; Gold in Paleoproterozoic (2.1 to 1.77 Ga) Continental Magmatic Arcs at the Tapajós and Juruena Mineral Provinces (Amazonian Craton,Brazil): A New Frontier for the Exploration of Epithermal-Porphyry and Related Deposits. Minerals 2021, 11, 714. On Behalf of the Board of Directors, ALTAMIRA GOLD CORP. "Michael Bennett" Michael Bennett President & CEO Tel: 604.676.5661 info@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to the Offering and the use of proceeds. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; receipt and timing of regulatory approvals; new legislation; potential delays or changes in plans; and the Company's ability execute and implement future plans. There is no guarantee that the Offering will close. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this news release. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
Yahoo
15-06-2025
- Business
- Yahoo
Investing in metals: Will silver surpass its 2011 all-time high?
A growing chorus of influential market voices believes it's not a matter of if, but when silver will hit its all-time high of $50 (€44) an ounce — a level not seen since April 2011. The precious metal surged to nearly $37 (€32) this week, a new 13-year high, securing a remarkable 10% gain in the first 10 days of June alone, in a rally that has caught global investor attention. The $50 threshold is now increasingly seen as a logical target, with both technical and macroeconomic conditions aligning in silver's favour. Could this be just the beginning of silver's strongest bull run in over a decade? The case for silver's resurgence is being championed by several market analysts and institutional voices on Wall Street, who have argued that a combination of structural and cyclical factors is propelling the metal's rally momentum. Otavio Costa, macro strategist at Crescat Capital, recently pointed out that silver has historically followed gold's performance. 'We are likely in the early stages of a new secular bull market for the metal,' Costa recently wrote in a post on social media X, noting that silver typically lags gold in the early stages of a precious metals rally before outperforming later on. The gold-to-silver ratio — an indicator of how many ounces of silver are required to buy one ounce of gold — has fallen sharply, breaking from historically elevated levels near 100. 'This move is likely just the beginning,' Costa observed, as investment starts flowing from gold into silver, and eventually into early-stage mining equities. 'A test of the all-time highs near $50 is within scope as positioning and momentum are not yet stretched,' said Bank of America's technical analyst Paul Ciana in a recent note. Rashad Hajiyev, macro investor and commentator, suggested that silver's June breakout could conservatively point to $60 (€52). "2010 and 2020 breakouts resulted in 150% and 60% gains, respectively, over eight months and one month," he wrote. "With gold prices headed towards $3,600 and the average gold-to-silver ratio at 60, $60 silver is a legitimate target.' Investor interest in silver's monetary role has resurged in recent months, driven by growing concerns over the US administration's ability to manage the escalating federal debt. Confidence in traditional US safe-haven assets has weakened, with both US Treasury bonds and the dollar losing ground in 2025 — an atypical development during a period of global economic uncertainty, when these instruments would typically attract demand. Gold has been the first mover to reflect mounting concerns over US fiscal sustainability, gaining more than 25% year-to-date and outperforming all major asset classes in 2025. Silver may be next to follow, attracting investors seeking hard assets that cannot be debased by an expanding supply of money. What's different this time is the acceleration in industrial demand for silver, especially from the clean energy sector. Related Gold's record rally stalls on hopes of easing global trade tensions Is Trump destroying the dollar - and what does it mean for the euro? As the Silver Institute highlighted, silver is one of the world's best electrical conductors, making it indispensable in the production of solar panels, electric vehicles (EVs), and microelectronics. Notably, the solar sector's demand for silver has soared, doubling from 12% of total demand in 2022 to 25% in 2024. Sprott projects that by 2030, annual silver demand for solar applications could rise to 370 million ounces, up from 220 million today. According to Katusa Research, the current market environment exhibits all three of what it calls 'Buffett's critical silver signals': a deepening supply deficit, stagnant production, and plummeting above-ground stockpiles. These indicators, they argue, historically precede explosive silver rallies. A reversal of the economic and geopolitical anxieties that gripped markets in 2025 could dampen silver's appeal as a monetary hedge. Should the Trump administration signal credible efforts to rein in its ballooning budget deficit, the sell-off in Treasuries might stabilise — or even reverse — restoring investor confidence in the dollar and reducing the urgency to seek alternatives like gold or silver. Still, structural demand for silver, particularly from the electric vehicle and solar industries, is likely to persist. This could provide a foundation for continued price support, albeit at a more moderate pace than if US economic dominance remained under heightened scrutiny. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
15-06-2025
- Business
- Yahoo
Investing in metals: Will silver surpass its 2011 all-time high?
A growing chorus of influential market voices believes it's not a matter of if, but when silver will hit its all-time high of $50 (€44) an ounce — a level not seen since April 2011. The precious metal surged to nearly $37 (€32) this week, a new 13-year high, securing a remarkable 10% gain in the first 10 days of June alone, in a rally that has caught global investor attention. The $50 threshold is now increasingly seen as a logical target, with both technical and macroeconomic conditions aligning in silver's favour. Could this be just the beginning of silver's strongest bull run in over a decade? The case for silver's resurgence is being championed by several market analysts and institutional voices on Wall Street, who have argued that a combination of structural and cyclical factors is propelling the metal's rally momentum. Otavio Costa, macro strategist at Crescat Capital, recently pointed out that silver has historically followed gold's performance. 'We are likely in the early stages of a new secular bull market for the metal,' Costa recently wrote in a post on social media X, noting that silver typically lags gold in the early stages of a precious metals rally before outperforming later on. The gold-to-silver ratio — an indicator of how many ounces of silver are required to buy one ounce of gold — has fallen sharply, breaking from historically elevated levels near 100. 'This move is likely just the beginning,' Costa observed, as investment starts flowing from gold into silver, and eventually into early-stage mining equities. 'A test of the all-time highs near $50 is within scope as positioning and momentum are not yet stretched,' said Bank of America's technical analyst Paul Ciana in a recent note. Rashad Hajiyev, macro investor and commentator, suggested that silver's June breakout could conservatively point to $60 (€52). "2010 and 2020 breakouts resulted in 150% and 60% gains, respectively, over eight months and one month," he wrote. "With gold prices headed towards $3,600 and the average gold-to-silver ratio at 60, $60 silver is a legitimate target.' Investor interest in silver's monetary role has resurged in recent months, driven by growing concerns over the US administration's ability to manage the escalating federal debt. Confidence in traditional US safe-haven assets has weakened, with both US Treasury bonds and the dollar losing ground in 2025 — an atypical development during a period of global economic uncertainty, when these instruments would typically attract demand. Gold has been the first mover to reflect mounting concerns over US fiscal sustainability, gaining more than 25% year-to-date and outperforming all major asset classes in 2025. Silver may be next to follow, attracting investors seeking hard assets that cannot be debased by an expanding supply of money. What's different this time is the acceleration in industrial demand for silver, especially from the clean energy sector. Related Gold's record rally stalls on hopes of easing global trade tensions Is Trump destroying the dollar - and what does it mean for the euro? As the Silver Institute highlighted, silver is one of the world's best electrical conductors, making it indispensable in the production of solar panels, electric vehicles (EVs), and microelectronics. Notably, the solar sector's demand for silver has soared, doubling from 12% of total demand in 2022 to 25% in 2024. Sprott projects that by 2030, annual silver demand for solar applications could rise to 370 million ounces, up from 220 million today. According to Katusa Research, the current market environment exhibits all three of what it calls 'Buffett's critical silver signals': a deepening supply deficit, stagnant production, and plummeting above-ground stockpiles. These indicators, they argue, historically precede explosive silver rallies. A reversal of the economic and geopolitical anxieties that gripped markets in 2025 could dampen silver's appeal as a monetary hedge. Should the Trump administration signal credible efforts to rein in its ballooning budget deficit, the sell-off in Treasuries might stabilise — or even reverse — restoring investor confidence in the dollar and reducing the urgency to seek alternatives like gold or silver. Still, structural demand for silver, particularly from the electric vehicle and solar industries, is likely to persist. This could provide a foundation for continued price support, albeit at a more moderate pace than if US economic dominance remained under heightened scrutiny. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
