Latest news with #criticalmetals
Yahoo
3 days ago
- Business
- Yahoo
Premium Announces Name Change to NexMetals Mining Corp. and Changes Trading Symbol to NEXM
Toronto, Ontario--(Newsfile Corp. - June 9, 2025) - NexMetals Mining Corp. (TSXV: PREM) (OTC Pink: PRMLF) (the "Company") is pleased to announce that the Company has changed its name from "Premium Resources Ltd." to "NexMetals Mining Corp." (the "Name Change"). The Name Change was approved at the Annual General and Special Meeting of shareholders held on June 3, 2025. Accordingly, it is anticipated that the Company's common shares will commence trading under the new name and new stock ticker symbol "NEXM" at the start of trading on June 11, 2025, on the TSX Venture Exchange. In connection with the Name Change, the following new CUSIP (65346E105) and ISIN (CA65346E1051) numbers have been assigned to the common shares of the Company. No action is required to be taken by shareholders with respect to the name change. Outstanding common share and warrant certificates bearing the old name of the Company are still valid and are not affected by the name and ticker symbol change. Morgan Lekstrom, CEO of the Company commented: "This change fits with our new strategic direction to become a leading critical metals company, actively contributing to the global supply chain of copper, nickel, and cobalt. It highlights our path to reinvigorate and reestablish the company as a diversified, multi-commodity player, while showcasing the expansion potential and scale of our Botswana assets. In doing so, we aim to position Botswana as a premier source to the critical metals supply chain." To view an enhanced version of this graphic, please visit: About NexMetals Mining Corp. NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana. NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. Our skilled team has worked on over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like the Company's Selebi and Selkirk mines. NexMetals' senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations. For further information about NexMetals Mining Corp., please contact: Morgan LekstromCEO and Directormorganl@ Jaclyn RuptashV.P., Communications and Investor Relationsjaclyn@ 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Follow Us X: LinkedIn: Facebook: Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limited to, the anticipated trading of the Company's common shares under the new name and stock symbol, and the Company's plans to develop the Selebi and Selkirk assets. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the possibility that the Company's common shares will not commence trading on the timing anticipated; delays in obtaining or failures to obtain required governmental or stock exchange approvals, including the final approval of the TSX Venture Exchange; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public disclosure record on SEDAR+ ( under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
27-05-2025
- Business
- Associated Press
Canstar Ramps Up Critical Minerals Exploration With Initial Payment from $11.5M Strategic Exploration JV
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- (TSXV: ROX) (OTCPK: CSRNF) Canstar Resources Inc. is ramping up critical metals exploration in Newfoundland with the receipt of the initial $500,000 tranche of its previously announced $11.5M strategic exploration joint venture with VMS Mining Corporation ('VMSC'). The non-dilutive investment positions Canstar to aggressively pursue the discovery of new, high-grade polymetallic (copper-zinc-lead-gold-silver) mineralization at its Buchans and Mary March volcanogenic massive sulphide ('VMS') projects, located in one of Canada's most prolific historic mining camps. 'We have made meaningful progress. We are fortunate to operate in Newfoundland, where the exploration-friendly permitting process underpins our ability to move quickly and decisively,' said Juan Carlos Giron Jr., President & CEO of Canstar Resources . 'This initial $500,000 investment allows us to ramp up work immediately, without the issue of new share capital, and signals strong commitment from VMSC's leadership and technical team. The Buchans District has hosted some of the world's highest-grade VMS deposits.1Our teams believe the project area holds enormous exploration potential based on historic production and current geological indicators.' Under the agreement, VMSC can earn up to 60% ownership of the JV through optional follow-on investments totaling $10 million across Phase 2 and Phase 3. Canstar retains the right to participate pro-rata in future phases to maintain a significant ownership position. About VMS Mining Corporation Established to develop Tier 1 VMS deposits globally, VMS Mining Corporation is a technically driven private corporation led by some of the most respected names in the mining industry, including founders, directors and executives behind Osisko Mining Inc., O3 Mining Inc., Aurelian Resources, and Dalradian Resources—companies with a collective track record of over $4.1 billion in acquisition value. VMSC's management and board are comprised of exploration leaders including founder and CEO Mr. Bernardo Álvarez Calderón (Director, Osisko Mining Inc. & O3 Mining Inc. ), Mr. Patrick Anderson (Founder/CEO, Aurelian Resources Inc. & Dalradian Resources Inc.; Director, Osisko Mining Inc. & O3 Mining Inc.), Mr. John Burzynski (Chairman, O3 Mining Inc.; CEO/Director, Osisko Mining Inc.; Director, Osisko Gold Royalties Ltd. ) and Mr. José Alberto Vizquerra Benavides (Founding Director, Osisko Mining Inc.; CEO/Director of O3 Mining Inc.). Collectively, Osisko Mining Inc., O3 Mining Inc., Aurelian Resources Inc., and Dalradian Resources Inc. were acquired in transactions totalling over $4.1 billion. Renowned Exploration Leadership Dr. Harold Gibson, VMSC's VP-Exploration, is widely recognized as a leading global authority on VMS deposits, bringing 40+ years of VMS expertise. He has published more than 100 peer-reviewed publications. He is the recipient of the William Harvey Gross Award, the Duncan R. Derry Medal from the Mineral Deposits Division of the Geological Association of Canada, the Barlow Memorial Medal, the Julian Boldy Memorial Award from the Canadian Institute of Mining, Metallurgy and Petroleum, and the Research Excellence Award from Laurentian University. Dr. Gibson was the Director of the Mineral Exploration Research Centre (MERC) and the Scientific Lead and Founding Director of the Metal Earth Research Project—Canada's unprecedented $104 million public-private mineral exploration research initiative. Historic Mining Pedigree: Additional Information on Canstar's Buchans and Mary March Projects Canstar's Buchans and Mary March Projects are located in the Buchans-Roberts Arm Belt of west-central Newfoundland, Canada. Recognized as one of the highest-grade VMS systems in history, Buchans was mined by ASARCO from the 1920s to the 1980s. Five deposits yielded 16.2 million tonnes with average mill head grades of 14.51% zinc, 7.56% lead, 1.33% copper, 122 g/t silver, and 1.37 g/t gold2 (these deposits are not on Canstar Claims and are described to indicate the potential of the area). Canstar's Buchans Project sits immediately adjacent to the historic Buchans mines, all 5 deposits are within 0 to 2,500 m of the Canstar licenses. New 3D geological modelling (2024) by Canstar suggests that the Buchans River Formation, the geological host unit for all five historic Buchans Mine deposits, underlies Canstar's Buchans property at depth. It is possible, but not certain, that deposits similar-to those mined nearby at Buchans occur beneath Canstar's Buchans-area claims. A SkyTEM time-domain electromagnetic survey in 20173 identified several multi-kilometre geophysical anomalies within Canstar's Buchans claims. The anomalism coincides with an area of low magnetism, indicating a potential alteration zone. A historic drillhole from the 1970s—located within one of these anomalies—intersected what was described as 'stockwork style' mineralization. Stockwork zones typically exhibit a geophysical signature characterized by low magnetism, variable (generally poor to moderate) electrical conductivity, and good chargeability. These characteristics are similar to the geophysical attributes of the stockwork zones of the historic Buchans deposits, suggesting the potential discovery of stockwork and alteration zones associated with Buchans-style VMS deposits. Canstar's Mary March project—25km east of the historic Buchans mines—hosts a large mineralized system with alteration zones similar in scale to those at Buchans and high-grade massive sulphides. Historic drilling intersected a faulted-off massive sulphide lens 9.63 m thick, assaying 0.64% Cu, 1.8% Pb, 10.1% Zn, 4.2 g/t Au, 122 g/t Ag.4 Canstar trenching in 2019 identified Buchans-style debris flow deposits with massive sulphide clasts, which assayed up to 5.7% Cu, 1.6% Pb, 1.8% Zn, 29.4 g/t Ag, 1.2 g/t Au.5 Qualified Person Statement Bob Patey (Hons), Vice President for Exploration for Canstar and a Qualified Person as defined in NI 43-101, has prepared and approved all scientific and technical information disclosed in this news release. Acknowledgement Canstar acknowledges the financial support of the Junior Exploration Assistance (JEA) Program from the Government of Newfoundland and Labrador Department of Industry, Energy and Technology, which has been a valuable contribution to the exploration programs on the Company's Buchans-Mary March and Golden Baie projects. About Canstar Resources Inc. Canstar Resources Inc. (TSXV: ROX) is an exploration company focused on critical minerals and gold. The Company's 100%-owned Golden Baie Project (489.5 km2) hosts high-grade gold and antimony showings along a major mineralized structure that also hosts a large number of gold deposits. The Buchans and Mary March projects (122.5 km2) are located within the historic past-producing VMS zinc-, copper-, and silver-rich Buchans Mining Camp and boast high-grade zinc and copper discoveries. For further information, please contact: Juan Carlos Giron, Jr. President & Chief Executive Officer Email: [email protected] Phone: (647) 557-3442 Website: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain 'forward-looking statements' that are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes,' 'anticipates,' 'expects,' 'estimates,' 'may,' 'could,' 'would,' 'will,' or 'plan.' Since forward-looking statements are based on assumptions and address future events and conditions, they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not assure that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, the timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, including but not limited to the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. No assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Citations 1) Piercey, S.J., Peter, J.M., and Herrington, R., 2015. Zn-rich volcanogenic massive sulfide (VMS) deposits. In Current perspectives on zinc deposits. Edited by S.M. Archibald and S.J. Piercey. Irish Association for Economic Geology, Dublin. pp. 37–58. 2) Wardle, R.J., 2008: Zinc and Lead. Government of Newfoundland and Labrador, Department of Mines and Energy, Geological Survey, Mineral Commodities Series 1, 11 pages. 3) Seymour, C., 2017: First, second and third year assessment report on compilation, modelling, re-logging of diamond drill core and geological and geochemical exploration for licences 22217M, 22222M, 23555M, 23588M, 23589M, 23590M, 23591M, 23592M, 24172M, 24921M, 24922M, 24998M and 25386M on claims in the Buchans to Buchans Junction area, central Newfoundland. Adventus Newfoundland Corporation, Newfoundland and Labrador Geological Survey, Assessment File NFLD/3386, 264 pages. 4) Jagodits, F.L. and Thurlow, J.G., 2000: Assessment report on geological, geochemical, geophysical and diamond drilling exploration for 1999 submission for the Anglo-Newfoundland Development Company Limited Charter, fee simple grant Volume 2 Folio 29 and Reid Lot 247, and for first and ninth year assessment for licence 4117 on claim block 8058 and licences 6967M-6970M on claims in the Buchans Junction area, central Newfoundland, 2 reports. Phelps Dodge Corporation of Canada Limited and Noranda Mining and Exploration, Newfoundland and Labrador Geological Survey, Assessment File 12A/1026, 342 pages. (historic unverified assays) 5) Patey, B., 2020: First, Third, Fourth and Eighth Year Assessment Report on Compilation and Prospecting on licences and fee simple lots in the Buchans area, central Newfoundland. Canstar Resources Incorporated and Glencore Canada Plc. Newfoundland and Labrador Geological Survey, Assessment File 12A/1905, 2020, 36 pages.
CTV News
27-05-2025
- Business
- CTV News
Enthusiasm for new B.C. mining plan despite few details
A plan to usher in a new era of mining by speeding up approvals is being pitched in British Columbia. First Nations leaders and the mining industry are optimistic about a new direction being charted by B.C.'s premier, even though he was light on details and wouldn't commit to timelines. On Monday, David Eby sketched out a vision for a revised process with 'one project, one review' where his government would work with federal counterparts and First Nations to speed up the approval process for new mines – which can currently take 12 years. 'Our province will be the economic engine of the new Canada that emerges from this moment of global instability,' he told attendees and journalists at a news conference. When CTV News asked whether he had a timeline target in mind, he wouldn't provide one, but did insist that the extraction of critical metals and minerals much in demand for electronics and batteries would benefit British Columbians and Indigenous communities alike, without sacrificing environmental safeguards. 'It's a unifying vision to protect the air, land, and water while creating good jobs,' Eby said. 'My goal is to expedite that work so the business will move ahead with clarity.' Local First Nations supportive Eby estimated that a streamlined process could generate up to $50 billion in capital investment, with two thirds of that going to projects in the northwestern parts of chief of the Iskut Band told CTV News they've spend years working with industry to plan resource development and are pleased with the direction Eby is heading. 'This work has been happening for a long time,' said Marie Quock. 'I'm very grateful to see that the province has begun recognizing this.' Tahltan Band chief, Richard Jackson said he sees widespread benefit to the province, and that he '(likes) what the premier is talking about' since well-paid mining jobs have already been benefiting his community for years. The president of the Tahltan Central Government pointed out that with sky-high costs for essentials like food – and scant services, like medical care – they want to see their communities built up for the long term. 'We're asking to make our lives a little bit easier and to see the benefits from resource extraction in our territory,' said Beverly Slater. 'We've been left behind, we've seen billions leave our territory, and we have very little to show on the ground.' Industry eager to see details When CTV News asked the Mining Association of BC if sped up approvals for environmental assessments could pave the way for corners to be cut, leading to risks, their president insisted that wouldn't be the case. 'That's a red herring,' said Michael Goehring. 'It's about reducing the roadblocks in the regulatory process, permitting, various pieces of, legislative requirements concurrently.' Right now, companies making applications for new mines are required to provide detailed plans that go through one department assessment at a time, contributing to the decade-long wait to know whether a project will be approved and contributing to investor uncertainty. By going through every process at once, he believes the same scrutiny can be applied much more efficiently. Seabridge mine proposal The environmental assessment application for Seabridge Gold's KSM Project in Northwest BC is many binders long. Image provided by Mining BC. 'There are many ways we can protect the environment and protect First Nations rights,' Geohring added. The premier appears to be fed up with the many years between application and the final decision by regulators. 'Nobody benefits from projects that are tied up in never ending processes,' Eby said.
