Latest news with #Goldstorm
Yahoo
4 days ago
- Business
- Yahoo
Goldstorm Metals Announces $1.0 Million Private Placement Financing with Participation by Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce a non-brokered private placement offering of units of the Company (each, a "Unit") at a price of $0.07 per Unit for aggregate gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.10 for a period of 24 months from the closing date of the Offering, provided that if the closing price of the Common Shares on any Canadian stock exchange on which the Common Shares are then listed is at a price equal to or greater than $0.20 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants. The net proceeds received from the Offering will be used for exploration activities, working capital and general corporate purposes. In connection with the Offering, the Company may pay certain finders a fee comprised of cash, finder's warrants, or both, based on the proceeds raised from the sale of securities to purchasers introduced to the Company by such finders. All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSXV. About Goldstorm Metals Goldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm's flagship projects Crown and Electrum cover an area that totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation's Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 20 kilometers to the south. ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDSTORM METALS CORP. "Ken Konkin" Ken KonkinPresident and Chief Executive Officer For further information, please visit the Company's website at contact: Chris CurranVP of Investor Relations and Corporate DevelopmentPhone: (604) 559 8092E-Mail: 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. Cautionary Statement Regarding Forward Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements including, without limitation, statements relating to the ability to complete the Offering on the proposed terms or at all, anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering as well as any other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will be able to complete the Offering on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Important factors that could cause actual results to differ materially from the Company's plans or expectations including that Company will not be able to complete the Offering on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. There can be no assurance that the forward-looking statements will prove to be accurate, as 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that is incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. To view the source version of this press release, please visit 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
The Market Online
02-05-2025
- Business
- The Market Online
Tudor Gold extends Treaty Creek exploration permit until 2030
Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle The property's estimated resource stands at 33.9 million gold-equivalent ounces with ample potential for expansion Tudor Gold is precious and base metals exploration and development company active in British Columbia's Golden Triangle Tudor Gold stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020 Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle. The permit will allow the companies to continue harvesting exploration upside at the property, including numerous prospective zones of mineralization, with eyes on growing a resource estimated at more than 33.9 million gold-equivalent ounces indicated plus inferred. An upcoming 25,000-metre exploration program will focus on the new Supercell-One gold complex with drilling aimed at expanding known high-grade structures. The company is also working on installing an exploration rap at Supercell-One to enable cost-conscious, year-round underground access to the discovery and potentially the main Goldstorm deposit. Drilling in 2024 at the SC-1 zone confirmed continuous high-grade gold in a setting structurally and geologically analogous to Newmont's Brucejack gold deposit less than 20 kilometres to the south, which produced 286,000 ounces of gold in fiscal 2023. Leadership insights 'We thank the Regional Mines Office in Smithers for renewing our Notice of Work permit for another five years,' Ken Konkin, Tudor Gold's president and chief executive officer, said in a statement. 'We are excited to advance the Treaty Creek project by focusing on the high-grade SC-1 complex, advancing our plans to submit more applications that will transition the Treaty Creek project from a greenfields project to a brownfields project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground. Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations — delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain. We look forward to sharing a more detailed exploration program for the 2025 season in the near future.' About Tudor Gold Tudor Gold is a precious and base metals exploration and development company active in British Columbia's Golden Triangle, a region known for its producing and past-producing mines and large deposits approaching potential development. The company owns a 60-per-cent interest in the 17,913-hectare Treaty Creek project, including one of the largest gold discoveries in the past 30 years. Tudor Gold stock (TSXV:TUD) is up by 1.72 per cent on the news trading at C$0.59 as of 11:52 am ET. The stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020. Join the discussion: Find out what everybody's saying about this gold exploration and development stock on the Tudor Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
