Latest news with #KirklandLakeDiscoveries
Yahoo
02-06-2025
- Business
- Yahoo
Eric Sprott Announces Changes to His Holdings in Kirkland Lake Discoveries Corp.
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Eric Sprott announces that, on May 30, 2025, 4,000,000 common share purchase warrants (Warrants) of Kirkland Lake Discoveries Corp. held by 2176423 Ontario Ltd., a corporation beneficially owned by him, expired unexercised representing a decrease in holdings of approximately 3.0% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report. Prior to such expiry, Mr. Sprott beneficially owned and controlled 8,509,250 Shares and 8,000,000 Warrants representing approximately 7.6% of the outstanding Shares on a non-diluted basis and approximately 13.7% on a partially diluted basis assuming the exercise of such Warrants. As a result of the expiry of the Warrants, Mr. Sprott now beneficially owns 8,509,250 Shares and 4,000,000 Warrants representing approximately 7.6% of the outstanding Shares on a non-diluted basis and approximately 10.7% on a partially diluted basis assuming the exercise of such Warrants. The Warrant expiry resulted in a partially diluted ownership change of greater than 2% and, therefore, the filing of an update to the early warning report. The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Kirkland Lake Discoveries address is 1055 West Georgia Street, Suite 2129., Vancouver, British Columbia, V6E 3P3. A copy of the early warning report with respect to the foregoing will appear on Kirkland Lake Discoveries profile on SEDAR+ at and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, Ontario, M5C 3C5). To view the source version of this press release, please visit
Yahoo
20-05-2025
- Business
- Yahoo
Kirkland Lake Discoveries Receives Exchange Approval and Launches Field Season
Toronto, Ontario--(Newsfile Corp. - May 20, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) ("KLDC" or the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange for its recently announced property acquisitions and has kicked off its 2025 exploration season on a series of highly prospective copper-zinc-silver-gold targets in Kirkland Lake, Ontario. With the technical groundwork in place, permits in hand for key areas, and boots on the ground, KLDC is advancing a large-scale, underexplored VMS system supported by compelling historical drill results, strong geophysical signatures, and multi-element soil anomalies. TSX Venture Exchange Approves Transactions On May 8, 2025, the Company received final approval from the TSX Venture Exchange for its acquisitions of the Amikougami and Winnie Lake properties from Val-d'Or Mining Corporation and additional land holdings from private holders. KLDC has now issued: 1,750,000 common shares to Val-d'Or Mining Corporation 200,000 common shares each to Sudeep Mathew and Charles Gryba These transactions expand KLDC's footprint in the Blake River Group, immediately adjacent to and along trend with the historical Winnie Lake VMS showing, which has seen minimal modern exploration. Field Program Underway – Drilling Planned for Late June KLDC's field team is now active on-site conducting: Access preparation Geological mapping, sampling and ground truthing Final targeting for the upcoming drill program, expected to begin late June Permits have been received for core areas around the Winnie Lake Pluton, with applications already submitted for additional newly acquired ground (see Figure 1). Figure 1 - Regional magnetics map highlighting soil anomalies from the 2024 geochemical survey, along with newly permitted and permit-pending areas. Anomalous soil trends are observed wrapping around the Winnie Lake Pluton, coinciding with key magnetic features and structural corridors. To view an enhanced version of this graphic, please visit: VMS Potential: Soils, Magnetics, and Historical Mineralization Align KLDC's exploration thesis centers around a potential volcanogenic massive sulfide (VMS) system peripheral to the Winnie Lake Pluton – a felsic intrusion with surrounding magnetic highs and coincident multi-element geochemical anomalies. "With final approvals in place and the field season underway, we are laser-focused on drilling what we believe is a significant VMS system that's been overlooked for decades," said Stefan Sklepowicz, CEO of Kirkland Lake Discoveries. "We've got all the right ingredients — a synvolcanic felsic intrusive, with coincident magnetic highs and geochemical anomalies suggesting it may have played a role in local mineralizing systems— and we're excited to put the first modern holes into these targets in over 30 years." Key highlights include: Copper-zinc-silver-gold anomalies in soils concentrated along the margins of the pluton. Prominent magnetic highs surrounding the margins of the pluton - In one of these magnetic highs, Pamorex Resources 1989 drill hole intersected massive sulfide mineralization grading: 1.93% Cu, 1.51% Zn, 0.786 g/t Au and 12.1 g/t Ag over 18.41 m (from 11.89 m) 2.44% Cu, 3.63% Zn, 1.376 g/t Au and 16.5 g/t Ag over 10.12 m (from 31.15 m)within a broader intercept of 1.34% Cu, 1.53% Zn, 0.638 g/t Au, 9.5 g/t Ag over 47.12 m (from 11.89 m) KLDC plans to follow up on these results with modern geophysics and systematic drilling. QP Statement The technical information contained in this news release has been approved by Mike Kilbourne, who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company have not independently verified the accuracy of historical exploration data presented. About Kirkland Lake Discoveries Corp. Kirkland Lake Discoveries Corp. (TSXV: KLDC) has assembled a 40,000-hectare exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt—one of the most prolific mining districts in the world. The company's properties span key fault zones, geophysical anomalies, and volcanic-sedimentary contacts within the Blake River Group—a highly prospective assemblage known to host both gold and polymetallic VMS deposits. With multiple anomalous soil trends, historical showings, and structural intersections now permitted for exploration, KLDC is advancing a pipeline of drill-ready targets across its KL East and KL West project areas. The team combines strong technical experience with a focus on smart, efficient exploration designed to deliver results. For additional information, please contact: Stefan SklepowiczChief Executive 226 979 3515stefan@ 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. Forward-Looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Kirkland Lake Discoveries, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's three-phase drill program, the results thereof, and any impact therefrom. 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. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Kirkland Lake Discoveries, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, changes in general economic, market and business conditions, and the ability to obtain any requisite approvals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Kirkland Lake Discoveries does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Positive Signs As Multiple Insiders Buy Kirkland Lake Discoveries Stock
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Kirkland Lake Discoveries Corp. (CVE:KLDC), it sends a favourable message to the company's shareholders. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Over the last year, we can see that the biggest insider purchase was by insider Eric Sprott for CA$200k worth of shares, at about CA$0.05 per share. That means that an insider was happy to buy shares at above the current price of CA$0.025. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Kirkland Lake Discoveries insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Kirkland Lake Discoveries Kirkland Lake Discoveries is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 5.5% of Kirkland Lake Discoveries shares, worth about CA$152k, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing! The fact that there have been no Kirkland Lake Discoveries insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Kirkland Lake Discoveries stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kirkland Lake Discoveries. Be aware that Kirkland Lake Discoveries is showing 6 warning signs in our investment analysis, and 5 of those shouldn't be ignored... If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
