Latest news with #JasonGigliotti
Yahoo
4 hours ago
- Business
- Yahoo
Makenita Resources Engages Apex Geosciences to Lead Exploration at Hector Silver-Cobalt Project as Drilling Nears
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) - Makenita Resources Inc. (CSE: KENY) (OTC Pink: KENYF) (WKN: A40X6P) is pleased to announce that it has engaged Apex Geosciences Ltd. as the lead geological consulting partner for its flagship Hector Silver-Cobalt Project, located in Ontario's historic Timiskaming district. This strategic engagement follows the company's recent receipt of its drilling permit and sets the stage for the imminent launch of Makenita's maiden drill program. Apex Geosciences, a leading Canadian geological consulting firm with deep experience in Ontario's prolific mining regions, will oversee Phase I surface exploration and assist with drill program targeting. Their involvement adds strong technical capacity as Makenita begins the most active phase of exploration in its history. "We're entering a pivotal time in our company's growth," said Jason Gigliotti, President and CEO of Makenita Resources. "With Apex Geosciences on board and the drill permit secured, we're ready to move forward aggressively. We believe the Hector Project offers significant discovery potential, and now is the time to unlock it." Advancing Toward Drilling The Hector Project spans 2,243 hectares and consists of 126 contiguous mineral claims in the Larder Lake Mining Division. Previous soil sampling and geophysical work outlined high-priority targets at Hector, Gillies East, and Gillies West, where historical results include cobalt-in-soil anomalies as high as 98 ppm and copper-cobalt mineralization in shallow drilling and trenching. The upcoming exploration campaign will include surface mapping, geochemical sampling, and geophysics designed to fine-tune targets ahead of the company's maiden drill program, which is set to begin in the coming days. Strengthening Market Position The engagement with Apex follows closely on Makenita's recent announcement that its U.S. trading symbol (KENYF) is now fully DTC eligible. This milestone improves trading accessibility and visibility for U.S. and European investors, further strengthening the company's position as a North American-focused exploration story. "With commodity prices strengthening and investor sentiment returning to the junior resource space, our timing could not be better," added Gigliotti. "We're excited to generate meaningful results from Hector, backed by a strong technical team and growing investor base." About Makenita Resources Inc. Makenita Resources Inc. is a Canadian mineral exploration company focused on unlocking high-grade silver and cobalt opportunities in historically productive jurisdictions. The company's flagship asset, the Hector Silver-Cobalt Project, is located near the town of Cobalt, Ontario, one of North America's premier past-producing silver camps. For more information, visit Contact: Jason GigliottiPresident & CEOMakenita Resources (604) 609-6527Email: info@ The CSE has neither approved nor disapproved of the contents of this press release. Forward-Looking Statements Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Makenita. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Makenita disclaims any intention or obligation to update or revise such information, except as required by applicable law. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Makenita Resources Receives Drill Permit for Ontario Silver-Cobalt Project, Set to Commence Maiden Drilling Campaign
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Makenita Resources Inc. (CSE: KENY) (OTC Pink: KENYF) (WKN: A40X6P) is pleased to announce that it has received final regulatory approval for its drilling permit at the Hector Silver/Cobalt Property, located in Ontario's Timiskaming District. The company will now move forward with its maiden drill program, with mobilization to the site and the commencement of drilling expected to take place in the coming days. The Hector Property, situated within the historic Larder Lake Mining Division, comprises 126 unpatented mineral claims across 2,243 hectares. Initial drilling will target several high-priority zones identified through recent geological assessments and early-stage fieldwork, with a particular focus on structures known to host silver and cobalt mineralization. "This is a major step forward for Makenita," said Jason Gigliotti, President and CEO of the company. "With the drill permit in hand, we're excited to begin testing the potential of the Hector Property and to generate the kind of news flow that comes with active exploration. We believe this project has significant upside and today marks the beginning of our efforts to unlock that value." The announcement comes on the heels of another milestone achievement for the company-its recent confirmation of full DTC (Depository Trust Company) eligibility for its U.S. trading symbol, KENYF. This status allows Makenita's shares to be electronically cleared and settled in the United States, streamlining the process for American investors to buy, sell, and hold the company's stock. "Securing DTC eligibility was an important foundation for broadening our investor base, particularly in the U.S.," Gigliotti added. "Now, with drilling about to be underway and visibility growing on both sides of the border, we believe we're entering a period of increased market interest and momentum." Located in a mining-friendly jurisdiction with a long history of silver and cobalt production, the Hector Silver/Cobalt Project represents a key strategic asset for Makenita. With commodity fundamentals trending positively and a tightly held share structure, the company is aiming to position itself as a compelling exploration story in the North American resource sector. For more information, visit or contact: Jason GigliottiPresident, CEO & DirectorPhone: 604-609-6527Email: info@ The CSE has neither approved nor disapproved of the contents of this press release. Forward-Looking Statements Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Makenita. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Makenita disclaims any intention or obligation to update or revise such information, except as required by applicable law. To view the source version of this press release, please visit
Yahoo
30-05-2025
- Business
- Yahoo
Sienna Resources Inc. Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Sienna Resources Inc. (TSXV: SIEN) (FSE: A1XCQ0), (the "Company" or "Sienna") has arranged a non-brokered listed issuer financing exemption (LIFE) private placement to raise up to $500,000 at a price of $0.105 per unit (the "Offering"). Each unit will comprise of one common share of the Company and one transferable share purchase warrant to purchase one common share of the Company at a price of $0.14 for a period of 60 months from the Closing Date. The Offering is expected to close on or about June 18th, 2025, or such other date and is subject to certain conditions including, but not limited to, the receipt of all necessary TSX Venture Exchange, regulatory and other approvals. The proceeds of this placement will go towards general working capital and evaluation and work on existing projects. Finders' fees may be paid to eligible arm's-length persons with respect to certain subscriptions accepted by the Company. Jason Gigliotti, President of Sienna Resources Inc. stated, "This placement will enable management to commence operations on at least one project this summer. We are prioritizing the projects now primarily focusing on the "Stonesthrow Gold Project", consisting of approximately 31,718 contiguous acres prospective for gold bordering Ramp Metals Inc., as well as assessing our Case Lake Project and our Nevada lithium projects. With a cleaned up share structure, we feel a forward growth trajectory with success in the ground is now more readily attainable. If anyone has any questions regarding this proposed placement, please call me directly at 604-646-6900 or email at info@ Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in Canada, other than Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities is an offering document related to the Offering that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this offering document before making an investment decision. None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful. Contact InformationTel: "Jason Gigliotti"PresidentSienna Resources Inc. 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 UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. To view the source version of this press release, please visit
Yahoo
06-03-2025
- Business
- Yahoo
Multi-Hole Drill Program Now Underway on "Case Lake West Cesium and Spodumene Pegmatite Project" in Ontario Bordering Power Metals Corp.'s Cesium Deposit
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2025) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that the multi- hole drill program is now underway on Sienna's 100% owned 'Case Lake West Cesium and Spodumene Pegmatite Project' in Ontario. Jason Gigliotti, President of Sienna Resources, stated, "We are extremely pleased and excited to finally be underway on a drill program. It has been a long time since Sienna has drilled. The 'Case Lake West Cesium and Spodumene Pegmatite Project' has potential for cesium. When you consider that this project directly borders Power Metals Corp., whose shares increased approximately 300% in February based on their Case Lake deposit news, we couldn't be more excited about getting boots on the ground. These next few weeks/months will be a watershed mark for Sienna as the drilling occurs." The 'Case Lake Cesium Project', owned by Power Metals Corp., is a highly prospective lithium, cesium, and tantalum (LCT) project in northeastern Ontario, Canada. Here are some of the highlights: High-grade mineralization: Recent drilling programs have consistently confirmed high-grade cesium mineralization, with standout results including up to 20.67% Cesium Oxide (Cs₂O). Exceptional Tantalum grades of up to 5328ppm have also been recorded. Shallow mineralization: The cesium mineralization is often found at shallow depths, which could make the project more economically viable. Multi-element potential: In addition to cesium, the project also contains significant lithium and tantalum mineralization, further enhancing its value. World-class asset: The Case Lake project is considered a world-class asset due to the high grades and significant size of the deposit. Strategic importance: The project's high-grade cesium and tantalum resources are strategically important for meeting the growing global demand for these critical minerals in advanced technologies. Overall, the Case Lake Cesium project is a promising project with the potential to become a significant supplier of cesium, lithium, and tantalum. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties. Sienna Resources Ownership Map To view an enhanced version of this graphic, please visit: About Sienna Resources Inc. Sienna has significantly increased acreage of the "Stonesthrow Gold Project", consisting now of approximately 31,718 contiguous acres prospective for gold. Sienna has also recently acquired the "Case Lake West Cesium and Spodumene Pegmatite Project" in Larder Lake Mining division of Ontario, Canada roughly 100 km north of Kirkland Lake, NE Ontario. This project consists of approximately 7,850 contiguous acres prospective for Cesium and Spodumene Pegmatites. Sienna has also just acquired the 10,357 acre "Uranium Town Project" bordering Denison Mines Corporation , the now 23,134 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation, and the 55,440 acre "Atomic Uranium Project" in the world renowned Athabasca Basin of Saskatchewan. Also, Sienna has the "Elko Lithium Project" in Elko County, Nevada consisting of approximately 1830 contiguous acres directly bordering Surge Battery Metals' "Nevada North Lithium Project" in Elko County, Nevada who announced the highest-grade lithium deposit in the USA. Sienna is also one of the larger landholders in Clayton Valley Nevada. Sienna's Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium production in North America, being Albemarle Corp's Silver Peak deposit. This project is also near Tesla Motors Inc.'s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant with a strategic partnership with Pure Energy. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties. We seek Safe Harbor. Qualified Person: Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release. If you would like to be added to Sienna's email list, please email info@ for information or join our twitter account at @SiennaResources. Contact Information Tel: 1.604.646.6900Fax: "Jason Gigliotti"President, DirectorSienna Resources Inc. Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company's ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company's projects, as well as other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR+. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements. 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 press release. To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
18-02-2025
- Business
- Globe and Mail
RETRANSMISSION: Sienna Resources Receives Drill Permit on the "Case Lake West Cesium and Spodumene Pegmatite Project" in Ontario Bordering Power Metals Corp.'s Cesium Deposit
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that Sienna has received the drill permit on its 100% owned 'Case Lake West Cesium and Spodumene Pegmatite Project' in Ontario. The Case Lake area of Ontario is one of the most highly prospective regions for cesium in North America. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties. Jason Gigliotti, President of Sienna Resources, stated, "We are very pleased to receive our drill permit. We want to thank the Ontario Government as well as our First Nations partners on this exciting first step towards a much larger goal of finding a new cesium discovery. We anticipate being able to commence drilling shortly. When you consider that this project directly borders Power Metals Corp, whose shares have increased an amazing 85% in just the past 12 trading days based on their Case Lake deposit news, we couldn't be more excited about getting this drill permit in hand and getting boots on the ground as soon as the driller can be mobilized. This is at a time when the junior markets are showing significant strength as we are moving into a phase of significant growth. These next few weeks/months will be a watershed mark for Sienna as we commence our first drill program in a long time." The 'Case Lake Cesium Project', owned by Power Metals Corp., is a highly prospective lithium, cesium, and tantalum (LCT) project in northeastern Ontario, Canada. Here are some of the highlights: High-grade mineralization: Recent drilling programs have consistently confirmed high-grade cesium mineralization, with standout results including up to 20.67% Cesium Oxide (Cs₂O). Exceptional Tantalum grades of up to 5328ppm have also been recorded. Shallow mineralization: The cesium mineralization is often found at shallow depths, which could make the project more economically viable. Multi-element potential: In addition to cesium, the project also contains significant lithium and tantalum mineralization, further enhancing its value. World-class asset: The Case Lake project is considered a world-class asset due to the high grades and significant size of the deposit. Strategic importance: The project's high-grade cesium and tantalum resources are strategically important for meeting the growing global demand for these critical minerals in advanced technologies. Overall, the Case Lake Cesium project is a promising project with the potential to become a significant supplier of cesium, lithium, and tantalum. To view an enhanced version of this graphic, please visit: About Sienna Resources Inc. Sienna has significantly increased acreage of the "Stonesthrow Gold Project", consisting now of approximately 31,718 contiguous acres prospective for gold. Sienna has also recently acquired the "Case Lake West Cesium and Spodumene Pegmatite Project" in Larder Lake Mining division of Ontario, Canada roughly 100 km north of Kirkland Lake, NE Ontario. This project consists of approximately 7,850 contiguous acres prospective for Cesium and Spodumene Pegmatites. Sienna has also just acquired the 10,357 acre "Uranium Town Project" bordering Denison Mines Corporation, the now 23,134 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation and the 55,440 acre "Atomic Uranium Project" in the world renowned Athabasca Basin of Saskatchewan. Also, Sienna has the "Elko Lithium Project" in Elko County, Nevada consisting of approximately 1830 contiguous acres directly bordering Surge Battery Metals' "Nevada North Lithium Project" in Elko County, Nevada who announced the highest-grade lithium deposit in the USA. Sienna is also one of the larger landholders in Clayton Valley Nevada. Sienna's Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium production in North America, being Albemarle Corp's Silver Peak deposit. This project is also near Tesla Motors Inc.'s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant with a strategic partnership with Pure Energy. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties. We seek Safe Harbor. Qualified Person: Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release. If you would like to be added to Sienna's email list, please email info@ for information or join our twitter account at @SiennaResources. "Jason Gigliotti" President, Director Sienna Resources Inc. Statements in this news release that are not historical facts are forward-looking statements. Forward-Looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-Looking statements in this news release include uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company's ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company's projects, as well as other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.
