Latest news with #NI43-101TechnicalReport
Yahoo
02-06-2025
- Business
- Yahoo
Spark Energy Minerals Files NI 43-101 Technical Report for Arapaima Lithium & REE Project, Brazil and Provides Overview
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce the publication of its maiden NI 43-101 Technical Report for the Arapaima Lithium and Rare Earth Elements (REE) Project, located in the heart of Brazil's "Lithium Valley" in Minas Gerais, Brazil. Covering a vast contiguous land package of 919 km², the report confirms Arapaima as a highly prospective early-stage exploration project with compelling lithium and REE potential. Highlights Identification of 123 individual pegmatite occurrences across 13 trends with a combined strike length of 31 km. Discovery of anomalous lithium values in rock chip samples (up to 1,397 ppm Li) and stream sediments (up to 191 ppm Li), as well as evolved pegmatites with K/Rb ratios as low as 23.84, potentially indicative of spodumene-rich LCT pegmatites. Promising REE mineralization in the Caladão Granite, with soil samples returning >3,000 ppm TREO and stream sediments >6,000 ppm TREO, adjacent to high-grade drill results reported by neighbouring company Axel REE Limited. Excellent access via sealed roads and proximity to established infrastructure and the producing Sigma Lithium mine, located just 15 km away. "This technical report validates our exploration thesis and highlights Arapaima's position as one of the most exciting early-stage lithium and REE projects in the region," said Eugene Hodgson, CEO of Spark Energy Minerals. "We are committed to executing a systematic and focused exploration campaign to unlock its full potential." The full NI 43-101 Technical Report is available on SEDAR+ and the Company's website here. Arapaima Lithium and REE Project Overview Location The Arapaima project covers ~919 km² in northeastern Minas Gerais. It spans parts of the Araçuaí pegmatite belt, with nearby towns including Aracuaí, Teófilo Otoni, Itinga, Virgem da Lapa, Padre Paraiso and others. The project area is about 550 km (~8.5-hour drive) from Belo Horizonte via sealed highways BR-381 and BR-116. Air access is available to regional centers (an ~85 km drive to the project). The town of Padre Paraiso lies at the southern edge (the "gateway of the Lithium Valley") and serves as a field base. Padre Paraiso lies on a new high-voltage transmission line (Padre Paraiso-Governador Valadares 6) which will strengthen the regional grid. This will ensure reliable power for future operations. Figure 1: Arapaima Lithium and REE project - Access To view an enhanced version of this graphic, please visit: Project Ownership Spark owns 100% of the Arapaima package, comprising of 58 granted exploration licenses (ELs) plus 4 applications (total 62 licenses) covering roughly 919 km². Previously, the size of Arapaima had been report as 64,359-hectares however over the course of developing the technical report, the outlying tenements have been included as an all-encompassing project that stretches throughout the Lithium Valley and in close proximity to other notable projects, including Sigma Lithium, Lightning Minerals, Lithium Ionic, Axel REE, etc. Figure 2: Arapaima Lithium and REE project tenements relative to neighbouring projects To view an enhanced version of this graphic, please visit: Geology The project lies in the Eastern Brazilian Pegmatite Province (EBPP), a ~150,000 km² Paleoproterozoic-Neoproterozoic belt (mostly in eastern Minas Gerais) known for its lithium-cesium-tantalum (LCT) and gem pegmatites. Minas Gerais hosts ~90% of the EBPP; pegmatites here have been mined for gems and rare elements since colonial times. Arapaima falls within the Araçuaí pegmatite district ("Lithium Valley"), which includes major LCT-pegmatite fields at Itinga, Coronel Murta, Pedra Azul, Padre Paraiso, etc. Figure 3: Regional Geology (Source: Modified from Pedrosa-Soares et al. 2011) To view an enhanced version of this graphic, please visit: Mineralization Target mineralization is predominantly LCT-type granitic pegmatites (hosting lithium, cesium, tantalum, niobium, etc.) and rare-earth-oxide (REO) clay deposits developed by weathering of REE minerals. The field observations report pegmatites ranging from centimetres to ~200 m thick, often in swarms along 13 mapped trends (total ~31 km of strike). All exposed pegmatites are heavily weathered in the tropical climate; outcrops are quartz-tourmaline-feldspar-mica lodes with no intact spodumene visible at surface. As a result, surface samples typically return low Li (due to leaching of spodumene and lepidolite), even when the underlying rock may host economic lithium levels. Sahara notes that deeply weathered profiles can hide higher-grade spodumene zones at depth. Pathfinder geochemistry (stream sediments, soils, rock chips) shows characteristic ratios of fertile LCT-pegmatites: high K/Rb, strong Li-Nb correlation, and anomalous tin, tantalum, gallium, etc., with low Ta/Nb ratios (typical of spodumene-bearing pegmatites). These element associations will guide target selection. Spark's Exploration History Beginning November 2024, Spark engaged Avant Geofísica to reprocess regional magnetics/radiometrics and conduct satellite multispectral targeting. Concurrently, Spark conducted ground mapping and sampling. By early 2025, the field program had completed ~397 geochemical samples (stream sediment, soil, rock-chip). SEM geologists logged 401 outcrop observations and identified 123 pegmatite occurrences (13 trends) on the tenure. Four high-priority exploration targets (e.g. Grota do Maquém, Agua Branca, Cruzeta and Caladão) were defined for immediate follow-up. Figure 4: Arapaima Lithium and REE project advanced targets To view an enhanced version of this graphic, please visit: Lithium Targets The Cruzeta Target has produced the highest assays to date with 739ppm, 1,217ppm and 1,397ppm Li respectively. The K/Rb ratios for these three samples report as low as 23.84 to 36.42 pointing to the potential proximity of highly evolved Lithium, Cesium, Tantalum (LCT) pegmatites which are characterized by this ratio and the corresponding pathfinder elemental association. The Cruzeta Target along with Grota do Maquem and Agua Branca account for the identification of 123 individual pegmatite occurrences across 13 trends with a combined strike length of 31 km. Figure 5: Cruzeta Lithium Target and corresponding rock chip and stream sediment results (Source: Spark 43-101, March 2025) To view an enhanced version of this graphic, please visit: Rare Earth Element (REE) Potential Spark completed reconnaissance geological mapping over the Caladão Granite. Australian junior explorer Axel REE Limited (Axel) has reported significant Gallium and REE results within the Caladão Granite. Spark's tenements are contiguous with Axel's Caladão Project and has returned high-grade REE and gallium mineralization after completing a first phase drill program. Results include 49.92m @ 5,909ppm TREO with 1m @ 22,115ppm TREO. Initial soil and stream sediment samples collected by Sprak within their contiguous tenements have returned anomalous TREO results > 3000ppm in soils and > 6000ppm TREO in stream sediment samples. The figure below highlights Sparks results along with Axel's drilling results all hosted within the Caladão Granite. Figure 6: Caladão Target - REE Results from Axel drilling and Spark stream sediment and soil sampling (Source: Spark 43-101, March 2025) To view an enhanced version of this graphic, please visit: Qualified Person: The scientific and technical information disclosed in this document has been reviewed and approved by Beau Nicholls, BSc (Geo) FAIG, a Qualified Person consistent with NI 43-101 and the QP of Spark Energy's 43-101. About Spark Energy Minerals Inc. Spark Energy Minerals, Inc. is a Canadian company focused on acquiring, exploring, and developing battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil. The Company's flagship project is the Arapaima Lithium project spanning 64,359 hectares in Brazil's renowned Lithium Valley, one of the most prolific mining regions in the world. This region is rapidly gaining global recognition for its vast deposits of lithium and rare earth minerals, positioning Brazil as a critical player in the global energy transition. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. FOR ADDITIONAL INFORMATION, SEE THE COMPANY'S WEBSITE AT to info@ Eugene Hodgson, CEO, Tel. +1-778-744-0742 Forward-Looking Statement Disclaimer Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. In addition, it should be noted that rock, soil and stream sediment samples are inherently selective samples and may not represent the true underlying mineralization. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. To view the source version of this press release, please visit
Yahoo
30-05-2025
- Business
- Yahoo
E3 Lithium Files First Quarter 2025 Financial Results and MD&A
CALGARY, Alberta, May 30, 2025--(BUSINESS WIRE)--E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3 Lithium" or the "Company," a leader in Canadian lithium, today filed its Unaudited Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2025 and the accompanying Management's Discussion and Analysis ("MD&A") on its SEDAR+ profile at The financial statements and MD&A will also be available on E3 Lithium's website at ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, President & CEOE3 Lithium Ltd. About E3 Lithium E3 Lithium is a development company with a total of 16.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.9 million tonnes LCE Inferred mineral resources2 in Alberta and 2.5 million tonnes LCE Inferred mineral resources3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR1. E3 Lithium's goal is to produce high purity, battery grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world. 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium's website ( and SEDAR+ ( 2: The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, identified 0.9 Mt LCE (inferred) and is available on the E3 Lithium's website ( and SEDAR+ ( 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium's website ( and SEDAR+ ( Unless otherwise indicated, Kevin Carroll, P. Eng., Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and is responsible for the technical information contained on this news release. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as "believe", "may", "will", "plan", "expect", "anticipate", "estimate", "intend", "project", "potential", "possible" and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the PFS, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the estimated mineral resources and mineral resources at the Clearwater Project; expectations regarding the PFS, including statements regarding the results of the PFS and interpretations thereof; expectations concerning the Clearwater Project, including extraction, production, pretreatment, purification, volume reduction and conversion process and features and the expected outcomes thereof; the expected economic performance of the Clearwater Project, including capital costs, operating costs, water usage, land use and carbon emissions; statements regarding the Company's strategy for minimizing environmental impact and liquid waste and maximizing water reuse, with no planned tailings or waste piles; the potential for a secondary revenue stream should the Company be able to sell the calcium carbonate generated during the production of lithium hydroxide; plans and objectives of management for the Company's operations and the Clearwater Project; and the inherent hazards associated with mineral exploration and mining operations. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company's expectations; that the current exploration, development, environmental and other objectives concerning the Clearwater Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Clearwater Project will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium. All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. View source version on Contacts E3 Lithium - Investor Relations Alexis de la RenaudiereInvestor Relationsinvestor@ 587-324-2775 E3 Lithium - Media Inquiries Kati DolyniukExternal Relationscommunications@ 587-324-2775 Error 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
Business Wire
30-05-2025
- Business
- Business Wire
E3 Lithium Files First Quarter 2025 Financial Results and MD&A
CALGARY, Alberta--(BUSINESS WIRE)--E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, today filed its Unaudited Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2025 and the accompanying Management's Discussion and Analysis ('MD&A') on its SEDAR+ profile at The financial statements and MD&A will also be available on E3 Lithium's website at ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, President & CEO E3 Lithium Ltd. About E3 Lithium E3 Lithium is a development company with a total of 16.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.9 million tonnes LCE Inferred mineral resources 2 in Alberta and 2.5 million tonnes LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. E3 Lithium's goal is to produce high purity, battery grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world. 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium's website ( and SEDAR+ ( 2: The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, identified 0.9 Mt LCE (inferred) and is available on the E3 Lithium's website ( and SEDAR+ ( 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium's website ( and SEDAR+ ( Unless otherwise indicated, Kevin Carroll, P. Eng., Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and is responsible for the technical information contained on this news release. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as 'believe', 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend', 'project', 'potential', 'possible' and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the PFS, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the estimated mineral resources and mineral resources at the Clearwater Project; expectations regarding the PFS, including statements regarding the results of the PFS and interpretations thereof; expectations concerning the Clearwater Project, including extraction, production, pretreatment, purification, volume reduction and conversion process and features and the expected outcomes thereof; the expected economic performance of the Clearwater Project, including capital costs, operating costs, water usage, land use and carbon emissions; statements regarding the Company's strategy for minimizing environmental impact and liquid waste and maximizing water reuse, with no planned tailings or waste piles; the potential for a secondary revenue stream should the Company be able to sell the calcium carbonate generated during the production of lithium hydroxide; plans and objectives of management for the Company's operations and the Clearwater Project; and the inherent hazards associated with mineral exploration and mining operations. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company's expectations; that the current exploration, development, environmental and other objectives concerning the Clearwater Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Clearwater Project will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium. All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Yahoo
28-05-2025
- Business
- Yahoo
Adyton Resources Announces Filing of Financial Statements and MD&A for the Three Months Ended March 31, 2025
Port Moresby, Papua New Guinea--(Newsfile Corp. - May 28, 2025) - Adyton Resources Corporation (TSXV: ADY) announces that it has filed its financial statements for the three months ended March 31, 2025 and accompanying Management Discussion and Analysis on its SEDAR profile at ON BEHALF OF THE BOARD OF ADYTON RESOURCES CORPORATION Tim Crossley, Chief Executive Officer For further information please contact:Tim Crossley, Chief Executive Officer E‐mail: ir@ +61 7 3854 2389Phone: +1 778-549-6768 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. ABOUT ADYTON RESOURCES CORPORATION Adyton Resources Corporation is focused on the development of gold and copper resources in world class mineral jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant copper drill intercepts on the 100% owned Feni Island project. The Company's mineral exploration projects are located on the Pacific Ring of Fire on easy to access island locations which hosts several globally significant copper and gold deposits including the Lihir gold mine and Panguna copper/gold mine on Bougainville Island, both neighboring projects to the Company's Feni Island project. Adyton has a total Mineral Resource Estimate inventory within its PNG portfolio of projects comprising indicated resources of 173,000 ounces gold and inferred resources of 2,000,000 ounces gold. The Feni Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which has outlined an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of 1,460,000 ounces, assuming a cut-off grade of 0.5 g/t Au. See the NI 43-101 technical report entitled "NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and "qualified person" as defined in NI 43-101,available under Adyton's profile on SEDAR+ at Mineral resources are not mineral reserves and have not demonstrated economic viability. The Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021 which outlined an indicated mineral resource of 4.0 million tonnes at an average grade of 1.33 g/t Au for contained gold of 173,000 ounces and an inferred mineral resource of 16.3 million tonnes at an average grade of 1.02 g/t Au for contained gold of 540,000 ounces. See the technical report entitled "NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea" prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and "qualified person" as defined in NI 43-101,available under the Company's profile on SEDAR+ at Mineral resources are not mineral reserves and have not demonstrated economic viability. Adyton is also on the Frankfurt Stock Exchange under the code 701:GR. For more information about Adyton and its projects, visit White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and "qualified person" as defined in NI 43-101, available under the Company's profile on SEDAR+ at Mineral resources are not mineral reserves and have not demonstrated economic viability. To view an enhanced version of this graphic, please visit: Qualified Person The scientific and technical information contained in this press release has been prepared, reviewed, and approved by Dr Chris Bowden, PhD, GCMEE, FAusIMM(CP), FSEG, the Chief Operating Officer of Adyton, who is a "Qualified Person" as defined by National Instrument 43‐101 ‐ Standards of Disclosure for Mineral Projects. Forward-looking statements This press release includes "forward‐looking statements", including forecasts, estimates, expectations, and objectives for future operations that are subject to several assumptions, risks, and uncertainties, many of which are beyond the control of Adyton. Forward‐looking statements and information can generally be identified by the use of forward‐looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include plans pertaining to the drill program, the intention to prepare additional technical studies, the timing of the drill program, uses of the recent drone survey data, the timing of updating key findings, the preparation of resource estimates, and the deeper exploration of high-grade gold and copper feeder systems. The forward‐looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward‐looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses, and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the projects in a timely manner; the availability of financing on suitable terms for the development; construction and continued operation of the Fergusson Island Project and the Feni Island Project; the ability to effectively complete the drilling program; and Adyton's ability to comply with all applicable regulations and laws, including environmental, health and safety laws. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Adyton's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of managements considered reasonable at the date the statements are made. Although Adyton believes that the expectations reflected in such forward-looking statements are reasonable, such information involves risks and uncertainties, and under reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements expressed or implied by Adyton. Among the key risk factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: impacts arising from the global disruption, changes in general macroeconomic conditions; reliance on key personnel; reliance on Zenex Drilling; changes in securities markets; changes in the price of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave‐ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of and changes in the costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward‐looking statements. Such forward‐looking information represents management's best judgment based on information currently available. No forward‐looking statement can be guaranteed, and actual future results may vary materially. Readers are cautioned not to place undue reliance on forward looking statements or information. Adyton Resources Corporation undertakes no obligation to update forward‐looking information except as required by applicable law. To view the source version of this press release, please visit
Yahoo
22-05-2025
- Business
- Yahoo
Silver47 Announces Graduation to Tier 1 Status on the TSX Venture Exchange
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV") effective May 23, 2025. The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage of development, and available resources. Tier 1 is the TSXV's highest designation and is reserved for more advanced companies with significant financial resources. This upgrade signifies Silver47's continued growth and its commitment to providing long-term value for its shareholders. As a result of this graduation to Tier 1 status, the securities of Silver47, previously subject to the escrow provisions of Tier 2 issuers, will now be governed by the release provisions of Tier 1 issuers, with the securities being released over an 18-month period. The following securities will be immediately releasable: 3,952,748 common shares, 462,500 options, and 131,250 restricted share units and/or any common shares after the exercise of such convertible securities. The remaining escrowed securities will be releasable as follows: 3,952,763 common shares, 462,500 options, and 131,2500 restricted share units will be releasable on November 14, 2025, which is 12 months from listing (and/or any common shares after the exercise of such convertible securities); and 3,952,764 common shares, 462,500 options, and 131,250 restricted share units will be releasable on May 14, 2026, which is 18 months from listing (and/or any common shares after the exercise of such convertible securities). About Silver47 Exploration Corp. Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated March 2, 2023. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at The Common Shares are traded on the TSXV under the ticker symbol AGA. For more information about the Company, please visit and see the Technical Report filed on SEDAR+ ( and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.". Follow us on social media for the latest updates: Twitter: @Silver47co LinkedIn: Silver47 On Behalf of the Board of Directors Mr. Gary R. ThompsonDirector and CEOgthompson@ For investor relationsMeredith Eadesinfo@ No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTS This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "upon" "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements and information include, but are not limited to: trading as a Tier 1 issuer on the TSX Venture Exchange and release from escrow of escrowed shares; the statements in regards to existing and future products of the Company; and the Company's plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company's ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company's financial statements and the accompanying management's discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements. To view the source version of this press release, please visit Error 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
