Latest news with #InducedPolarization
Yahoo
04-06-2025
- Business
- Yahoo
Coloured Ties Capital Inc. Announces Private Placement for Gross Proceeds of up to $750,000
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or the "Company") is pleased to announce a non-brokered private placement of up to 3,750,000 units (each, a "Unit") at a price of $0.20 per Unit for aggregate gross proceeds of up to $750,000 (the "Offering"). Each Unit shall be comprised of one (1) common share in the capital of the Company (each a "Common Share") and one (1) common share purchase warrant (each a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one (1) Common Share at a price of $0.28 per share for a period of 36 months from the date of issuance. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds from the Offering will be used by the Company for corporate and general working capital purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, the Company may pay a finder's fee to eligible arm's length parties. The finder's fee may consist of a cash fee equal to 8% of the gross proceeds of the Offering. INVESTEE COMPANIES COROPRATE UPDATE The Company is pleased to provide a material update on two investee companies. Lafleur Minerals Inc. ( Lafleur Minerals is proceeding to restart gold production at its 100%, fully permitted and updated Beacon Gold with supply from its nearby Swanson Gold Deposit. The Company is fast-tracking the restart of its 100%-owned, 750 tonne per day ("tpd") Beacon Gold Mill ("Beacon") in Val-d'Or, Québec, and has received significant interest from several groups for the purpose of financing the mill restart as well as to offtake material and support the ramp-up to full production with the goal to be generating cash flow by early 2026. Immediate plans to complete at up to 10,000 metres of diamond drilling at Swanson starting in June using existing flow-through (FT) funds, with over 50 promising drilling targets identified, among the other highly prospective Bartec, Jolin, and Marimac gold targets. A drilling contractor has been selected with drilling permits expected by early June. Recent exploration work by LaFleur Minerals at Swanson which included geological mapping and prospecting, soil sampling surveys, and Induced Polarization (IP) geophysics surveys, have resulted in several high-grade gold assay results (including 11.7 g/t Au in a grab sample at Jolin), and the identification of several new potential gold targets to be drill-tested during the upcoming drilling program. Further details are summarized below. Geological and engineering planning continues for a large bulk sampling program at the Swanson mining lease with an updated Scoping Study and mine plan to be submitted to Québec government for approval. The plan includes the extraction of an up to 100,000 tonne surface bulk sample at Swanson for processing at the Beacon Mill once it is in full production (anticipated by early 2026) First Towers and Fiber Corp - Merger with Akanda Corp. (NASDAQ: AKAN) First Towers is focused on tower development and operating its 700+ km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries. Owns the largest 5G dark fiber optic network in Central Mexico. 20-year master lease agreements in place for both tower development and fiber network. Preferred partner for providing tower development to the rural regions of Mexico. Veteran tower development team with 20+ years of experience in telecommunications infrastructure development. 27 towers deployed to date and an additional 6 under construction, with the opportunity to continue to develop in key Mexican markets. The Company currently owns 7,000,000 shares of First Towers and will own 2,800,000 shares of Nasdaq listed Akanda Corp. as per the Share Exchange Agreement post merger. First Towers Fiber Corp and Akana News Release dated March 10, 2025: Akanda Corp. Announces Share Exchange Agreement with First Towers and Fiber Corp. Toronto, Ontario--(Newsfile Corp. - March 10, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company") today announced that it entered into a Share Exchange Agreement with First Towers & Fiber Corp., a corporation existing under the laws of the Province of British Columbia ("First Towers"), pursuant to which all of the common shares of First Towers (the "Exchanged Shares") shall be exchanged for either common shares, no par value, of the Company (the "Purchaser Shares"), or cash, and First Towers shall continuing as a wholly owned subsidiary of the Company (the "Transaction"). The Company expects that at the closing of the Transaction, its common shares will continue to be listed on the Nasdaq Capital Market under AKAN. As part of the Transaction, substantially all of the shareholders of First Tower will receive consideration equal to one share of Akanda for every 2.5 First Towers shares held immediately prior to the closing, or an aggregate of approximately 15.3 million Purchaser Shares, subject to adjustment, including adjustments as a result of any reverse stock split or consolidation of the Company's shares. The remaining First Towers shareholders will instead receive as consideration an aggregate of approximately US$14.1 million, payable by the Company 18 months after the closing of the Transaction. The Company also agreed to assume outstanding options granted by First Towers and certain indebtedness of First Towers. This news release does not constitute an offer to sell or a solicitation of an offer to sell 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. For further information please contact: Coloured Ties Capital Inc. Kal Malhi Chief Executive Officer kal@ Neither the 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. NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
11-03-2025
- Business
- Associated Press
Zeus North American Mining Corp. 2025 Drilling and Exploration Planning at Cuddy Mountain, Idaho
VANCOUVER, BC / ACCESS Newswire / March 11, 2025 / Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (the 'Company' or 'Zeus') announces the Company has commenced drilling and exploration planning for the 2025 exploration and development season at the Cuddy Mountain project in Idaho, less than 3 km to the north of the Hercules Metals high grade copper-gold-silver porphyry discovery announced in October 2023. Highlights of the 2024 Exploration Program at Cuddy Mountain: Staked 19 additional BLM Lode Claims to cover areas underlain by the Seven Devils Volcanics, which host the neighboring Leviathan Porphyry Copper mineralization. Completed a property wide 3D-DCIP Induced Polarization ('IP') and Resistivity Survey using Dias Geophysical Ltd. Conducted a property wide Ground Magnetic Survey totalling 105-line km of high- resolution magnetic data. Collected 799 soil samples and 339 rock grab samples. Completed a property wide mapping campaign. The mapped stratigraphy within the Cuddy Mountain Property demonstrates that the same stratigraphic section exists with the Property as that shown-on Hercules drill sections which intersected porphyry mineralization. The Cuddy Mountain Property is adjacent to Hercules Metals Corp. ('Hercules') recently discovered Leviathan Copper Porphyry ($167M MC).* The discovery resulted in Major Mining Company Barrick injecting $23M in equity in to Hercules and staking a substantial land position in the district along with Major Mining Company Rio Tinto. The Cuddy Mountain Property consists of 101 lode mining claims respectively and cover a cumulative area of approximately 2020 acres. On February 20th, 2025 Hercules summarized recent drilling at their Leviathan Copper Property. The Highlights of which were as follows: HER-24-21 intersects 171m of 0.64% CuEq in volcanic host rock, within a broader intercept of 354m of 0.47% CuEq ending in a late porphyry. Highest grades occur in volcanic host rocks. New mapping and sampling demonstrate the host rocks transition to iron-rich volcanics and limestone in the Eastern Block and Southern Flats zones, conducive to significantly higher-grades. See Hercules' Press Release Here Dated February 20th, 2025. Furthermore, on March 4, 2025, Hercules showed their chargeability anomaly open to the northeast towards the Zeus Cuddy Mountain Property. See Hercules' Press Release Here Dated March 4th, 2025. Dean Besserer, President and CEO, stated, 'Our 2024 exploration program data compilation is nearly complete, and we are excited to release our results and advance towards drilling in this highly prospective region. Hercules is planning an aggressive 2025 drill season and the team at Zeus looks forward to following suit in the near future.' About the Cuddy Mountain Copper Property (Idaho, USA) The Cuddy Mountain Property is adjacent to Hercules Metals Corp recently discovered Leviathan Copper Porphyry ($167M MC).* The discovery resulted in Barrick injecting $23M in equity. The Cuddy Mountain Property consists of 101 lode mining claims respectively and cover a cumulative area of approximately 2020 acres. The Property is in Washington County, Idaho just 2.5 hours Northwest of Boise and readily accessible by road. Historical Drilling at Cuddy Mountain consisted of 7 shallow drill holes in 1977 intersecting anomalous lead and silver. Drill hole Mun 8 contained 90 feet of 2.02 oz/t Ag (Taylor, 1977). Further historical exploration on Zeus's Cuddy Mountain Project occurred at the Edna May Mine: Mineralized vein with chip samples containing 750 ppm ppm Pb, 7.7% Zn and 252 grams per tonne Silver over 4 feet. Underground drilling in 1979 intersected 1.38 oz/t Ag over 7 feet in a breccia zone (Burmeister, 1980). Additional exploration (By Taylor, 1977) at the Rockslide area encountered Malachite-stained outcrops with a grab sample containing 760 ppm Pb, 0.67 % Zn and 36 grams per tonne Silver (Taylor, 1977). *Adjacent Property ( *All information is derived solely from management of Zeus Mining and otherwise publicly available third-party information which are believed to be reliable, but which have not been independently verified by the Company and as a result are not guaranteed as to accuracy and completeness. Zeus's management cautions that past results or discoveries on properties in proximity to Zeus may not necessarily be indicative of the presence of mineralization on the Company's properties. Qualified Person The scientific and technical information in this news release has been reviewed and approved by Dean Besserer, the President & CEO for the company and Qualified Person as defined in NI 43-101. On behalf of the board of directors. 'Dean Besserer' President and CEO FOR INVESTOR RELATIONS CONTACT: Kin Communications Inc. Ph: 604-684-6730 [email protected] About Zeus North America Mining Corp. The Company is in the business of mineral exploration. The Company is focused on its exploration properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western properties, respectively. The Idaho properties consist of 101 (Cuddy Mountain), 57 (Selway) and 38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 4,200 acres. The Company's flagship Cuddy Mountain Property is adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery. Forward Looking Statements When used in this news release, the words 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's exploration plans. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Associated Press
18-02-2025
- Business
- Associated Press
Sterling Metals Announces Consolidation and Corporate Update
TORONTO, ON / ACCESS Newswire / February 18, 2025 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) ('Sterling' or the 'Company') is pleased to announce that it has filed articles of amendment to consolidate its issued and outstanding common shares (each, a 'Common Share') on the basis of ten (10) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the 'Consolidation'). The Consolidation was approved by shareholders of the Company at its annual and special meeting held on July 10, 2024. The Common Shares are expected to commence trading on the TSX Venture Exchange on a consolidated basis on or about February 24, 2025. A new CUSIP number (CUSIP: 85941M880 / ISIN: CA85941M8806) has been obtained to replace the previous CUSIP number. Following the Consolidation, the Company will have approximately 24,838,793 Common Shares outstanding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would have otherwise been issued have been rounded down to the nearest whole Common Share. The change in the number of issued and outstanding Common Shares resulting from the Consolidation will not materially affect any shareholder's percentage ownership in the Company, although such ownership will be represented by a smaller number of Common Shares. Letters of transmittal with respect to the Consolidation have been mailed to the Company's registered shareholders. All registered shareholders will be required to send their share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation. A copy of the letter of transmittal will be posted on the Company's issuer profile on SEDAR+ at Corporate Update The Company has identified several high-priority drill targets through extensive fieldwork and the Induced Polarization (IP) survey announced in January 2025 at the Copper Road Project (the 'Project'). Drilling is set to begin in mid-March, with a minimum 2,000 meters of diamond drilling, targeting copper porphyry potential in the heart of the Project. Additionally, final grab sample results have been processed, providing critical data to refine existing targets and guide future exploration. Mathew Wilson, CEO and Director, commented, 'We believe the time is now to tighten up our share structure ahead of a strategically planned drilling program at Copper Road. Through extensive data compilation and fieldwork, we are confident and excited about the targets we have selected and the initiation of drilling at the Project. We also believe that the timing of the rollback offers our shareholders improved marketability while positioning the Company for success as we deliver drilling results this year. We look forward to providing updates on the initiation of drilling and key details on the program as we head into March.' About Sterling Metals Sterling Metals (TSXV:SAG) and (OTCQB:SAGGF) is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. The Company is advancing the 25,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral rich Canada. For more information, please contact: Sterling Metals Corp. Mathew Wilson, CEO and Director Tel: (416) 643-3887 Neither the 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. This news release contains certain 'forward-looking information' within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'would', 'potential', 'proposed' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
