Latest news with #MandeepParmar
Hamilton Spectator
28-07-2025
- Business
- Hamilton Spectator
Aventis Energy Announces Intent to Complete NI 43-101 Technical Report on the Sting Copper Project
Sting Project Highlights including 2024 Drilling Program (see company news release January 14, 2025): VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — Aventis Energy ('Aventis' or the 'Company') (CSE:AVE | FRA:C0O0 | OTC: VBAMF) is pleased to announce that it has contracted Dahrouge Geological Consulting Ltd. ('Dahrouge') to complete a Technical Report (the 'Report') in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects on the Sting Copper Project ('Sting' or the 'Project') located in western Newfoundland, Canada. Dahrouge and its predecessor, Halferdahl and Associates Ltd., have advised and assisted clients in identifying, exploring, and developing mineral projects since 1971. Dahrouge's team of geologists and dedicated support staff continue to build a fifty-year legacy, handling projects of all scopes from grassroots exploration, to resource delineation, to prefeasibility and feasibility level studies and are currently recognized worldwide for their expertise in the exploration and discovery of 'critical' elements. Mandeep Parmar, Interim Chief Executive Officer & Director of the Company, commented, 'Our intention to complete a 43-101 Technical Report on the Sting Project represents a key inflection point in our Company's growth. We are confident that after the completion of the Report, guided by the expertise of Dahrouge, that we will be able to drive further advancement at Sting by way of future exploration and drilling programs.' The purpose of the Report is to provide a comprehensive update on the Project including all available historical data that the Company has gathered, in addition to strong copper grades retrieved from the fall 2024 drill program. The Report will offer valuable insights by compiling existing data, previous work, and new technology to better guide future programs. Figure 1: Sting Copper Project 2024 drilling results overview. Chargeability results at 100m depth. Qualified Person Statement The scientific and technical information contained in this news release has been reviewed, verified, and approved by Alexander Timofeev, Ph.D., of Dahrouge Geological Consulting, who is a registered in Quebec and Newfoundland, Canada and a 'qualified person' as defined in NI 43-101 – Standards of Disclosure in Mineral Projects. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization. References *All assessment file data referenced above can be sourced at the following Newfoundland and Labrador web link: , 1 Hatch, 1922, (Assessment File 012G/08/0002) 2 Dean, 1980, (Assessment File 012G/08/0075) 3 Dean, 1977, (Assessment File 012G/08/0069) About Aventis Energy Inc. Aventis Energy Inc. (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project. The Corvo Uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% U 3 O 8 over 1.05 m) and TL-79-5 (0.065% U 3 O 8 over 0.15 m) 2 . High-grade* Uranium at Surface with the Manhattan showing (1.19 to 5.98% U 3 O 8 ) and SMDI showing 2052 (0.137% U 3 O 8 and 2,300 ppm Th). The Sting Copper Project covers approximately 3,700 hectares and recently had results of 54.8m at 0.32% Cu starting at a depth of 27.0m in 2024 drill hole VB24-001, with higher-grade intervals including six samples (≥0.5m length) ranging from 0.96% to 5.43% Cu. High grade samples of 0.5m at 2.85% Cu and 0.5m at 1.92% Cu with an additional broader interval of 31.1m at 0.27% Cu were found in VB24-003. On Behalf of the Board of Directors Mandeep Parmar Interim Chief Executive Officer, Director +1 (604) 229-9772 info@ Disclaimer for Forward-Looking Information This news release includes certain 'Forward-Looking Statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' under applicable Canadian securities laws. When used in this news release, the words 'anticipate', 'believe', 'estimate', expect', 'target', 'plan', 'forecast', 'may', 'would', 'could', 'schedule' and similar words or expressions, identify forward-looking statements or information. Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Aventis, future growth potential for Aventis and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium, copper, gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Aventis' ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. This news release contains 'forward-looking information' within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the Project and its mineralization potential; the Company's objectives, goals, or future plans with respect to the Project; statements with respect to the Program; completion of the Report; expected benefits of the Report; and the Company's anticipated exploration program at the Project. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of uranium, copper, gold and other metal deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
Aventis Energy Announces Results of High-Resolution TDEM Survey at the Corvo Uranium Project in Northern Saskatchewan
VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — Aventis Energy ('Aventis' or the 'Company') (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is pleased to provide a summary of results from an airborne Time Domain Electromagnetic ('TDEM') survey (the 'Program') completed on its 12,265-hectare Corvo Uranium Project ('Corvo', or the 'Project') earlier this year. Highlights: Mandeep Parmar, Interim Chief Executive Officer of the Company, commented, 'Confirming conductive corridors at Corvo represents a crucial initial step at the Project, and we anticipate further findings in the coming months to further our understanding of the Project. Additionally, we eagerly await results from prospecting assays as we work towards completing the first NI 43-101 report on the Project. Following the receipt of our prospecting assays, we will look to prepare for the next phase of geophysical surveys aimed at identifying targets for the 2026 drilling program.' Figure 1. Regional map of the Project. The Project is located 45 km northeast of Atha Energy's Gemini Mineralized Zone ('GMZ') and 60 km due east of Cameco's McArthur River mine. Corvo – 2025 Exploration Summary From February 22 to March 16, 2025, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite™ TDEM and total field magnetic survey over the 12,265-hectare Corvo Project. The survey covered all 13 mineral claims of the Project, totalling 1,670.5 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m over a ~122.65 km 2 area. The helicopter-assisted survey was flown using the 30Hz Xcite™ TDEM system that simultaneously collects time domain electromagnetic, and magnetic data. The extensive survey was aimed to detect, locate, and characterize anomalous conductive and magnetic responses across the Project to aid in future exploration drill hole targeting. The survey was completed on schedule, on budget, and successfully gathered high-resolution data to depth that will be key to identifying exploration targets under glacial cover through the delineation of conductive trends possibly related to packages of graphite and/or sulphide-bearing metasedimentary rocks commonly associated with uranium mineralization. Subsequent inversion, interpretation, and modeling of the recently acquired data in 3D software will allow the Company to prioritize newly identified exploration targets for follow-up diamond drilling programs. The survey results confirm and improve upon the previously defined conductive corridors on the Project that overlap with historical geophysical and geochemical anomalies, in addition to drill holes with known uranium intercepts. The magnetic survey component of the TDEM survey contributes to definition of potential fault systems and structural trends not previously identified across the Project. Supplementary geophysical surveys are being designed to further refine drill targets for an inaugural drill program. The Company plans to complete a high-resolution ground gravity survey across the main conductive trends on the Project, aiming to identify potential hydrothermal alteration halos which could be related to basement-hosted uranium mineralization. From July 4 to July 16, 2025, the Company completed a detailed mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface. Collected grab samples have been transported to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for geochemical analysis. Results will be released and incorporated into the first NI 43-101 technical report on the Project. The Company believes the Project is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface 1 and has never been drill tested. Figure 2. Summary map showing modern TDEM conductor traces on the Project with Reduced to Pole (RTP) Total Magnetic Intensity (TMI) in the background. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U 3 O 8 to be 'high-grade'. **The Company considers radioactivity readings greater than 300 counts per second (cps) to be 'anomalous'. Qualified Person Statement The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of Standard Uranium and a 'qualified person' as defined in NI 43-101 – Standards of Disclosure in Mineral Projects. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization. References 1 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 On Behalf of the Board of Directors Mandeep Parmar Interim Chief Executive Officer, Director +1 (604) 229-9772 info@ Disclaimer for Forward-Looking Information This news release includes certain 'Forward-Looking Statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' under applicable Canadian securities laws. When used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target', 'plan', 'forecast', 'may', 'would', 'could', 'schedule' and similar words or expressions, identify forward-looking statements or information. Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Aventis, future growth potential for Aventis and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium, copper, gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Aventis' ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. This news release contains 'forward-looking information' within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the Project and its mineralization potential; the Company's objectives, goals, or future plans with respect to the Project; statements with respect to the Program; and the Company's anticipated exploration program at the Project. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of uranium, copper, gold and other metal deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. Photos accompanying this announcement is available at
Yahoo
20-05-2025
- Business
- Yahoo
Aventis Energy Provides Recent Exploration Insights at the Corvo Uranium Project
The Corvo Uranium Project is prime real estate for a basement-hosted uranium discovery VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Aventis Energy. ('Aventis' or the 'Company') (CSE: AVE | OTC: VBAMF), is pleased to provide a comprehensive summary of exploration insights and historical data gathered at its Corvo Uranium Project ('Corvo', or the 'Project'). Highlights: Basement-hosted Uranium Prospect: Historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% UO over 1.05 m) and TL-79-5 (0.065% UO over 0.15 m) High-grade* Uranium at Surface: Prospecting, mapping, geochemical surveying, and drilling completed in the late 1970s and 80s identified graphitic metasedimentary rocks in outcrop along the conductive corridor and led to the discovery of multiple uraniferous outcrops including the Manhattan showing (1.19 to 5.98% UO) and SMDI showing 2052 (0.137% UO and 2,300 ppm Th) Favorable Host Rocks: An airborne Time-Domain Electromagnetic ('TDEM') survey was recently completed to pinpoint graphitic rocks (conductors) favourable for hosting significant concentrations of uranium. This modern electromagnetic survey will infill and improve upon historical surveys which have identified at least 25 km of combined conductor strike length. Target Development & Drilling: The results of the recent airborne TDEM survey will be subject to geophysical interpretation and modelling, and integrated with the Project's existing datasets, to prioritize target areas for additional geophysics and inaugural drilling. Mandeep Parmar, Interim CEO of Aventis, commented: 'The Corvo Project has many areas that need further investigation. We look forward to developing our target areas with additional work programs throughout the year as we advance towards our maiden drilling program.'Figure 1. Regional map of the Corvo Project. The Project is located 45 km northeast of Atha Energy's Gemini Mineralized Zone ('GMZ') and 60 km due east of Cameco's McArthur River mine. Corvo Project Overview and Historical Exploration: The Project covers 12,265 hectares in the eastern Athabasca Basin region, targeting high-grade basement-hosted uranium on the Corvo project. The Corvo Project is situated 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometres northeast of the Gemini Mineralized Zone ('GMZ'; Figure 1). The Company believes the Project is highly prospective for the discovery of high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface and has never been drill tested. The Project is also prospective for rare earth element ('REE') mineralization, potentially providing additional value upside. Basement-hosted uranium deposits in the Athabasca Basin region are typically associated with graphite-rich rocks, evident as electromagnetic ('EM') conductors in geophysical surveys. These graphite-rich rocks, softer than surrounding quartzite and granitoid lithologies, are not frequently exposed at the surface due to glacial cover. However, prospecting, mapping, and geochemical surveying completed in the late 1970s and 80s on the Project identified graphitic metasedimentary rocks in outcrop along conductive corridors and led to the discovery of multiple uriniferous outcrops including the Manhattan Showing (up to 59,800 ppm U) and SMDI showing 2052 (0.137% UO & 2,300 ppm Th).3 Historical airborne and ground electromagnetic work between 1979 and 2017 identified a broad, northeast-southwest trending, conductive system that is approximately 2.5-km wide with prospective targets associated with magnetic-low corridors and cross-cutting faults. Historical drilling on the Project by Norbaska Mines Ltd. in 1979 and 1980 has outlined multiple intercepts of basement-hosted uranium mineralization (Figure 2). Historical drill hole TL-79-3 intersected 4.63 metres of composite mineralization >0.05% UO across multiple mineralized zones, including 0.116% UO over 1.05 metres. Drill hole TL-79-5 intersected 0.065% UO over 0.15 metres, approximately 800 metres along strike from 2. Summary map showing low/EM conductor trends on the Corvo project and highlighting historical samples and drill holes with anomalous uranium and/or radioactivity, with first vertical derivative magnetics in the this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project. The magnetic survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes. The Company is planning supplementary geophysical surveys across the Project in 2025 to further refine drill targets for an inaugural drill program, in addition to a mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface. Ongoing geophysical interpretation and modeling is planned to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be 'high-grade'. **The Company considers radioactivity readings greater than 300 counts per second (cps) to be 'anomalous'.The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of Standard Uranium and a 'qualified person' as defined in NI 43-101. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.1 Vital Battery Metals Announces Effective Date of Name Change to Aventis Energy Inc., News Release, May 9, 2025. 2 Mineral Assessment Report 64E13-0054: Norbaska Mines Ltd., 1979-1980 3 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 4 Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects, News Release, March 13, 2025. 5 Vital Battery Metals Drills 20.5m of 1.21% Cu Including 5.0m of 2.22% Cu at Sting Copper Project., News Release, January 14, 2025. About Aventis Energy Inc. Aventis Energy Inc. (CSE: AVE | OTC: VBAMF) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project. The Corvo Uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% UO over 1.05 m) and TL-79-5 (0.065% UO over 0.15 m). High-grade* Uranium at Surface with the Manhattan showing (1.19 to 5.98% UO) and SMDI showing 2052 (0.137% UO and 2,300 ppm Th) The Sting Copper Project covers approximately 12,700 hectares and recently had results of 54.8m at 0.32% Cu starting at a depth of 27.0m, with higher-grade intervals including six samples (≥0.5m length) ranging from 0.96% to 5.43% Cu. High grade samples of 0.5m at 2.85% Cu and 0.5m at 1.92% Cu with an additional broader interval of 31.1m at 0.27% Cu.5 On Behalf of the Board of Directors Mandeep ParmarInterim Chief Executive Officer, Director+1 (604) 229-9772info@ Disclaimer for Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. 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 the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: the provision of the Services by RMK under the Agreement. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. Photos accompanying this announcement are available at: 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
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
Vital Battery Metals Announces Acquisition of Corvo Uranium Project & Closing of Financing
Highlights: VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) — Vital Battery Metals Inc. ('Vital' or the 'Company') (CSE: VBAM | OTC: VBAMF | FRA: C0O), is pleased to announce that it has signed a definitive property option agreement (the 'Option Agreement'), dated May 8, 2025, with Standard Uranium (Saskatchewan) Ltd. and Standard Uranium Ltd. (collectively, the 'Optionors'), who are arm's-length parties to the Company. Pursuant to the Option Agreement, the Company has been granted the option (the 'Option') to acquire a seventy-five percent (75%) interest in the 12,265-hectare Corvo Project (the 'Corvo Property' or the 'Project') located in the eastern Athabasca Basin region (Please see Figure 1). The Company believes the Corvo Property is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, the Project boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface and has never been drill tested. Interim Chief Executive Officer, Mandeep Parmar, commented, 'The Company is poised for growth as we have now secured funding from strategic investors to advance our projects. The acquisition of the Corvo Uranium Project is fundamental to the growth of the Company. We're eager to step into a new jurisdiction in the Athabasca Basin, one that is known to host several world-class uranium deposits. Moving forward, the Company is uniquely positioned to capitalize on the global demand for energy and is poised to advance towards its long-term objectives.' Figure 1 - Regional map of the Corvo Property. The Project is located 45 km northeast of Atha Energy's Gemini Mineralized Zone and 60 km due east of Cameco's McArthur River mine. Following the exercise of the Option, the parties intend to form a joint venture for the further development of the Project. Prior to the exercise of the Option, the Optionors will act as the operator of the Project and will be entitled to charge a 10% fee on expenditures in Year 1, increasing to 11% in Year 2 and 12% in Year 3. Following the exercise of the Option, Eagle Plains Resources Ltd. will retain a 2.5% net smelter returns royalty on the Project, of which 1.0% may be purchased back at any time for a one-time cash payment of $1,000,0002. No finders' fee are payable by the Company in connection with the Option. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U 3 O 8 to be 'high-grade'. **The Company considers radioactivity readings greater than 300 counts per second (cps) to be 'anomalous'. Option Agreement Details The Option is exercisable by the Company completing cash payments and share issuances ('Consideration Shares'), and incurring the following exploration expenditures on the Project: The Consideration Shares issuable in the first year will issued at a deemed price of $0.13 per Consideration Share and will be subject to resale restrictions from which one-quarter of the Consideration Shares will be released every six months for a twenty-four month period. The remaining Consideration Shares will be issuable at a deemed price equivalent to the volume-weighted average closing price of the common shares of the Optionee on the Canadian Securities Exchange in the thirty (30) trading days immediately prior to issuance. Consideration Shares issuable in the second year will be subject to resale restrictions from which one-third will be released every six months for an eighteen month period. Consideration Shares issuable in the third year will be subject to resale restrictions from which one-half will be released every six months for a twelve month period. Private Placement The Company is pleased to announce that, further to its news release dated April 2, 2025, the Company has completed the previously announced non-brokered private placement of units of the Company (the 'Units') at a price of $0.065 per Unit for aggregate gross proceeds of $1,040,114.40 (the 'Offering'). Each Unit consists of one (1) common share of the Company and one (1) transferable common share purchase warrant (a 'Warrant'). Each Warrant entitles the holder to purchase one (1) common share at a price of $0.10 per share until May 8, 2027. The Warrants contain an accelerated expiry clause (the 'Acceleration Clause'). Pursuant to the Acceleration Clause, if the Shares of the Company close at or above $0.20 for ten (10) consecutive trading days on the Canadian Securities Exchange ('CSE'), then the Company may accelerate the expiry date of the Warrants by issuing a news release announcing the accelerated Warrant term, pursuant to which the Warrants will expire on the 30th calendar day after the date of such news release. In connection with the closing of the Offering, an aggregate of $35,742.87 was paid in cash and a total of 549,890 finder's warrants (the 'Finder's Warrants') were issued as finder's fees. Each Finder's Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.10 per share until May 8, 2027. The net proceeds of the Offering are expected to be used towards advancement of the Company's projects and for general working capital purposes. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day, expiring on August 9, 2025. A director of the Company participated in the Offering by subscribing for 100,000 Units for gross proceeds of $6,500. The issuance of the Units to the insider of the Company is considered a related party transaction subject to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation by the insider does not exceed 25% of the fair market value of the Company's market capitalization. The securities issued pursuant to the Offering 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. Accordingly, the securities issued pursuant to the Offering may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Vital Battery Metals Inc. Vital Battery Metals Inc. (CSE: VBAM | OTC: VBAMF | FRA: C0O) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project. The Sting Copper Project covers approximately 12,700 hectares and hosts multiple historic Newfoundland and Labrador Government documented mineral occurrences and is located within a 50 km corridor known for significant volcanogenic massive sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings. For more information, visit . Qualified Person Statement The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of Standard Uranium Ltd. and a 'qualified person' as defined in NI 43-101 – Standards of Disclosure for Mineral Projects . Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples highlighted in this release are selected samples and may not represent true underlying mineralization. References 1 SMDI# 2052: ; Mineral Assessment reports: MAW00047: Eagle Plains Resources Inc., 2011-2012 & 64E13-0054: Norbaska Mines Ltd., 1979-1980 2 Standard Uranium Announces Agreement to Expand Newly Staked Corvo Project in the Eastern Athabasca Basin News Release, August 24, 2023. On Behalf of the Board of Directors Mandeep Parmar Interim Chief Executive Officer, Director +1 (604) 229-9772 info@ Disclaimer for Forward-Looking Information This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Project acquisition bringing a low-risk opportunity, the Company building a strong battery metals portfolio with low-risk opportunities that positively impact the Company and its shareholders and the Company providing an initial work plan are 'forward-looking statements'. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Project and its mineralization potential; the Company's objectives, goals or future plans with respect to the Project; the commencement of drilling or exploration programs in the future; the anticipated results of any drilling or exploration programs conducted in the future; statements with respect to the Offering and the intended use of proceeds therefrom; completion of the Option. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at
Hamilton Spectator
02-05-2025
- Business
- Hamilton Spectator
Vital Battery Metals Announces Name Change to Aventis Energy
VANCOUVER, British Columbia, May 02, 2025 (GLOBE NEWSWIRE) — Vital Battery Metals Inc. ('Vital' or the 'Company') (CSE: VBAM | OTC: VBAMF | FRA: C0O), is pleased to announce that the Company's Board of Directors have approved a name change to 'Aventis Energy Inc.' The Company's trading symbol on the Canadian Securities Exchange ('CSE') shall concurrently change to 'AVE'. No action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name change and do not need to be exchanged. The Company will issue a further news release announcing the effective date in which the Company will commence trading under the new name, trading symbol and CUSIP number. The name change remains subject to CSE approval. About Vital Battery Metals Inc. Vital Battery Metals Inc. (CSE: VBAM |OTC: VBAMF | FRA: C0O) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Sting Copper Project. The Sting Copper Project covers approximately 12,700 hectares and hosts multiple historic Newfoundland and Labrador Government documented mineral occurrences and is located within a 50 km corridor known for significant volcanogenic massive sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings. For more information, visit . On Behalf of the Board of Directors Mandeep Parmar Interim Chief Executive Officer, Director +1 (604) 229-9772 info@ Disclaimer for Forward-Looking Information This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are 'forward-looking statements'. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
