Latest news with #Inventus
Yahoo
20-05-2025
- Business
- Yahoo
Inventus Completes Early Warrant Exercise Incentive Program
TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) ('Inventus' or the 'Company') is pleased to report that, pursuant to the Company's early warrant exercise incentive program (the 'Program') as announced on April 17th, 2025 and April 25th, 2025, certain warrant holders have exercised a total of 12,200,000 warrants for total gross proceeds to the Company of $1,098,000. The Company issued 12,200,000 common shares upon the exercise of the warrants and 12,200,000 incentive warrants (each, an 'Incentive Warrant'). Each Incentive Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.12 per Incentive Warrant Share until 5:00 PM Eastern Time on November 6th, 2026. The expiry date of the Incentive Warrants may be accelerated by Inventus if the closing price of the common shares of the Company on the TSXV is greater than or equal to $0.15 over a consecutive 20-day period. If this occurs, the Company may accelerate the expiry date of the Incentive Warrants by issuing a press release announcing the reduced Incentive Warrant term whereupon the Incentive Warrants will expire on the 10th trading day after the date of such press release. The balance of 2,800,000 warrants that were not exercised under the Program will remain outstanding and continue to be exercisable for common shares of the Company on their current terms until the original expiry of November 6th, 2026. The Incentive Warrants, and any Incentive Warrant Shares issued upon the exercise thereof, are subject to a four-month hold period from the date of issuance in accordance with Canadian securities laws. For further information visit or contact: Mr. Wesley WhymarkPresident and Head of ExplorationInventus Mining Corp.E-mail: wesley@ 705-822-3005 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. About Inventus Mining Corp. Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 195 million common shares outstanding. Forward-Looking Statements This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'if', 'yet', 'potential', 'undetermined', 'objective', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by 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
06-05-2025
- Business
- The Market Online
McEwen Mining adds equity exposure to Sudbury gold explorer
McEwen Mining (TSX:MUX) exercised 9,200,000 warrants for shares of Inventus Mining (TSXV:IVS), an Ontario-based gold and critical metals explorer, locking in an investment worth C$828,000 Inventus is a junior miner active on two projects in Sudbury, Ontario, one of which houses the first significant paleoplacer gold discovery in North America Inventus Mining stock has added 50 per cent year-over-year but remains down by 35.71 per cent since 2020 McEwen Mining (TSX:MUX) exercised 9,200,000 warrants for shares of Inventus Mining (TSXV:IVS), an Ontario-based gold and critical metals explorer, locking in an investment worth C$828,000. According to Inventus Mining's investor presentation for March 2025, McEwen Mining owns about a 6 per cent stake in the company, while its namesake, Rob McEwen, owns a 20 per cent position. The proceeds, part of an early warrant exercise incentive program, will go towards Inventus' 2025 bulk sampling program at its Pardo gold project 65 km northeast of Sudbury, Ontario, where grade-control drilling is now underway. Previous bulk samples at Pardo yielded 3.4 grams per ton (g/t) gold in 5,000 tons and 4.2 g/t gold in 1,000 tons, supporting the potential for a low-cost mining operation. The warrant exercise follows Inventus and McEwen's recently signed memorandum of understanding to consider processing bulk sample material at McEwen's Stock Mill facility. The potential deal would cover up to 45,000 tons of material from Pardo over the next 12 months. Leadership insights 'We are extremely pleased by McEwen Mining's continued support through their participation in the early warrant exercise program. This funding will directly support the execution of our 2025 bulk sampling plans. With grade-control drilling now underway, we are taking steps to better define the thickness and gold grade of our bulk sample sites in preparation for extraction and processing,' Wesley Whymark, Inventus Mining's president and head of exploration, said in a statement. About Inventus Mining Inventus is a junior miner active on two projects in Sudbury, Ontario. The company's flagship Pardo project houses the first significant paleoplacer gold discovery in North America. Inventus Mining stock (TSXV:IVS) last traded at C$0.09. The stock has added 50 per cent year-over-year but remains down by 35.71 per cent since 2020. Join the discussion: Find out what everybody's saying about this Canadian gold and critical metals stock on the Inventus Mining 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.
Hamilton Spectator
01-05-2025
- Business
- Hamilton Spectator
Inventus Signs MOU with McEwen Mining for Stock Mill Evaluation and Outlines Pardo Bulk Sampling Plan
TORONTO, May 01, 2025 (GLOBE NEWSWIRE) — Inventus Mining Corp. (TSXV: IVS) ('Inventus' or the 'Company') is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with McEwen Mining ('MUX') to evaluate its Stock Mill for processing of material extracted from Inventus' 100%-owned Pardo Gold Project located 65 km east of Sudbury, Ontario. Highlights If processing at the Stock Mill is feasible, Inventus intends to extract and process up to 45,000 tonnes from its Pardo Gold Project over the next 12 months. Inventus currently holds a 50,000-tonne bulk sample permit, 5,000 of which was extracted in 2022 and returned a grade of 3.4 gpt gold (see news release Sept 27th, 2022 ). In 2017, Inventus processed a 1,000-tonne bulk sample at the Stock Mill which returned a grade of 4.2 gpt gold (see news release Jan 3rd, 2018 ). Wesley Whymark, President and Head of Exploration comments: 'Discussions with McEwen Mining to process material at the Stock Mill have been very positive and if deemed viable by both companies, would be an exciting step forward for Inventus. Pardo presents a compelling near-term opportunity. The ability to process significant bulk samples at the Stock Mill would help demonstrate the potential of the project and improve confidence of the gold grade. The Company's previous bulk samples have already established a baseline of cost and at today's gold prices additional bulk sampling should benefit the Company economically.' Terms of the MOU The MOU outlines Inventus' intent to process up to 45,000 tonnes of gold-bearing material from the Pardo Property at the Stock Mill in Ontario. Under the MOU, McEwen will seek necessary regulatory approvals and process the material in discrete batches, with gold refined and credited to Inventus' account. Inventus is responsible for delivering compliant material and covering all milling costs based on an agreed schedule. The arrangement is non-exclusive. Both parties will maintain responsibility for their respective environmental obligations and will share operational and assay data to ensure transparency. The MOU remains in effect until March 31, 2026, unless extended by mutual agreement. For further information visit , or contact: Mr. Wesley Whymark President and Head of Exploration Inventus Mining Corp. E-mail: wesley@ Phone: 705-822-3005 About Inventus Mining Corp. Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 192 million common shares outstanding. Qualified Person The Qualified Person responsible for the technical content of this news release is Inventus' President and Head of Exploration, Wesley Whymark, who has reviewed and approved the technical disclosure in this news release on behalf of the Company. Forward-Looking Statements This News Release includes certain 'forward-looking statements' which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'if', 'yet', 'potential', 'undetermined', 'objective', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
