Latest news with #TeutonResources
Yahoo
23-05-2025
- Business
- Yahoo
Eric Sprott Announces Holdings in Luxor Metals Ltd.
Toronto, Ontario--(Newsfile Corp. - May 23, 2025) - Eric Sprott announces that he acquired 4,370,333 common shares of Luxor Metals Ltd., (Luxor Shares) through 2176423 Ontario Ltd. (a corporation beneficially owned by him) pursuant to the closing of a spin-out transaction effected through a statutory plan of arrangement (Arrangement) between Teuton Resources Corp and Luxor Metals completed on May 16, 2025. As a result of the Arrangement, the holders of common shares of Teuton Resources received one Luxor Share for every three shares of Teuton Resources they held on the record date for the Arrangement. Prior to the Arrangement, Mr. Sprott did not beneficially own or control any securities of Luxor Metals. After giving effect to the Arrangement, Mr. Sprott beneficially owns 4,370,333 Luxor Shares representing approximately 22.7% of the outstanding Luxor Shares on a non-diluted basis. The Luxor Shares 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. Luxor Metals is located at 2130 Crescent Rd, Victoria, BC, V8S 2H3. A copy of the early warning report with respect to the foregoing will appear on the Luxor Metals profile on the 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 Sign in to access your portfolio
The Market Online
02-05-2025
- Business
- The Market Online
Tudor Gold extends Treaty Creek exploration permit until 2030
Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle The property's estimated resource stands at 33.9 million gold-equivalent ounces with ample potential for expansion Tudor Gold is precious and base metals exploration and development company active in British Columbia's Golden Triangle Tudor Gold stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020 Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle. The permit will allow the companies to continue harvesting exploration upside at the property, including numerous prospective zones of mineralization, with eyes on growing a resource estimated at more than 33.9 million gold-equivalent ounces indicated plus inferred. An upcoming 25,000-metre exploration program will focus on the new Supercell-One gold complex with drilling aimed at expanding known high-grade structures. The company is also working on installing an exploration rap at Supercell-One to enable cost-conscious, year-round underground access to the discovery and potentially the main Goldstorm deposit. Drilling in 2024 at the SC-1 zone confirmed continuous high-grade gold in a setting structurally and geologically analogous to Newmont's Brucejack gold deposit less than 20 kilometres to the south, which produced 286,000 ounces of gold in fiscal 2023. Leadership insights 'We thank the Regional Mines Office in Smithers for renewing our Notice of Work permit for another five years,' Ken Konkin, Tudor Gold's president and chief executive officer, said in a statement. 'We are excited to advance the Treaty Creek project by focusing on the high-grade SC-1 complex, advancing our plans to submit more applications that will transition the Treaty Creek project from a greenfields project to a brownfields project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground. Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations — delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain. We look forward to sharing a more detailed exploration program for the 2025 season in the near future.' About Tudor Gold Tudor Gold is a precious and base metals exploration and development company active in British Columbia's Golden Triangle, a region known for its producing and past-producing mines and large deposits approaching potential development. The company owns a 60-per-cent interest in the 17,913-hectare Treaty Creek project, including one of the largest gold discoveries in the past 30 years. Tudor Gold stock (TSXV:TUD) is up by 1.72 per cent on the news trading at C$0.59 as of 11:52 am ET. The stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020. Join the discussion: Find out what everybody's saying about this gold exploration and development stock on the Tudor Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
