Latest news with #mineraldevelopment
Associated Press
23-05-2025
- Business
- Associated Press
Atlantic Potash Millstream Corporation: Advancing the Millstream Potash Project
SAINT JOHN, NB, May 23, 2025 /CNW/ - Atlantic Potash Millstream Corporation (Atlantic Potash or the 'Company'), a mineral development company focused on advancing the Millstream potash deposit in New Brunswick, is pleased to announce significant progress in its development activities. With a total of invested to date of $17.1 million and an additional $10.5 million committed over the next two years, Atlantic Potash continues to demonstrate its commitment to realizing the potential of this critical mineral resource. Strategic Partnerships Driving Development Atlantic Potash has engaged two globally recognized firms to support key aspects of the Millstream project. These partnerships mark an important step forward in the Company's efforts to advance the deposit toward production while adhering to the highest technical and environmental standards. Continued Investment in New Brunswick's Future Atlantic Potash's additional commitment over the next two years underscores the Company's confidence in the Millstream deposit's potential and its significant long-term value to New Brunswick and Canada. This investment will drive essential activities, including technical studies, environmental assessments, and project planning, all of which are critical to advancing the development of this important resource. The Path Forward: Collaboration and Progress While significant milestones have been achieved, there is still much work to be done. Atlantic Potash remains focused on advancing the technical, regulatory, and financial components of the project. The Company is committed to working collaboratively with stakeholders, including government and local communities, to ensure the project's success. Atlantic Potash is proud to be advancing a project that has the potential to deliver significant economic benefits to New Brunswick while supporting Canada's position as a global leader in critical mineral development. The Company looks forward to continuing its work and engaging with stakeholders to achieve shared success. About Atlantic Potash Millstream Corporation Atlantic Potash is a mineral development company with exclusive mineral rights to the Millstream potash deposit in New Brunswick, Canada. The Company is dedicated to developing this critical resource responsibly and sustainably, contributing to economic growth and supporting Canada's critical mineral strategy. SOURCE Atlantic Potash Millstream Corporation
Yahoo
23-05-2025
- Business
- Yahoo
Atlantic Potash Millstream Corporation: Advancing the Millstream Potash Project
SAINT JOHN, NB, May 23, 2025 /CNW/ - Atlantic Potash Millstream Corporation (Atlantic Potash or the "Company"), a mineral development company focused on advancing the Millstream potash deposit in New Brunswick, is pleased to announce significant progress in its development activities. With a total of invested to date of $17.1 million and an additional $10.5 million committed over the next two years, Atlantic Potash continues to demonstrate its commitment to realizing the potential of this critical mineral resource. Strategic Partnerships Driving Development Atlantic Potash has engaged two globally recognized firms to support key aspects of the Millstream project. These partnerships mark an important step forward in the Company's efforts to advance the deposit toward production while adhering to the highest technical and environmental standards. Ercosplan Ingenieurgesellschaft Geotechnik und Bergbau mbH (Ercosplan): A leader in potash and rock salt engineering, Ercosplan has been contracted to provide geotechnical and engineering services for the next phase of work. This includes the execution of two infill drill holes to refine the Mineral Resource Estimation, which will serve as the basis for mining engineering and operational planning. This phase, with an estimated cost of $10.5 million, is a critical step toward completing a bankable feasibility study. Ercosplan's extensive experience—spanning 70 years and over 4,000 projects globally—ensures the technical excellence required for a project of this scale. Stantec: A global leader in sustainable engineering and environmental consulting, Stantec will prepare the Environmental Impact Assessment (EIA) report for submission to the New Brunswick Department of Environment. This work underscores Atlantic Potash's commitment to responsible and sustainable resource development. Continued Investment in New Brunswick's Future Atlantic Potash's additional commitment over the next two years underscores the Company's confidence in the Millstream deposit's potential and its significant long-term value to New Brunswick and Canada. This investment will drive essential activities, including technical studies, environmental assessments, and project planning, all of which are critical to advancing the development of this important resource. The Path Forward: Collaboration and Progress While significant milestones have been achieved, there is still much work to be done. Atlantic Potash remains focused on advancing the technical, regulatory, and financial components of the project. The Company is committed to working collaboratively with stakeholders, including government and local communities, to ensure the project's success. Atlantic Potash is proud to be advancing a project that has the potential to deliver significant economic benefits to New Brunswick while supporting Canada's position as a global leader in critical mineral development. The Company looks forward to continuing its work and engaging with stakeholders to achieve shared success. About Atlantic Potash Millstream Corporation Atlantic Potash is a mineral development company with exclusive mineral rights to the Millstream potash deposit in New Brunswick, Canada. The Company is dedicated to developing this critical resource responsibly and sustainably, contributing to economic growth and supporting Canada's critical mineral strategy. SOURCE Atlantic Potash Millstream Corporation View original content:
Yahoo
08-05-2025
- Business
- Yahoo
West Red Lake Gold Reports on Bulk Sample Gold Sales
West Red Lake Gold Mines Ltd. VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report on sales of the gold produced from the Madsen Mine bulk sample. To date the Company has sold 2,350 oz. of the 2,498 oz. that were produced in the bulk sample. The gold was sold at a weighted average gold price of US$3,293 per oz. in sales that took place between late March and early May, for proceeds to date of US$7.7 million. The remaining gold will be sold on final settlements with the refiner. QUALIFIED PERSON The technical information presented in this news release has been reviewed and approved by Maurice Mostert, Vice President of Technical Services for West Red Lake Gold and the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. ABOUT WEST RED LAKE GOLD MINES West Red Lake Gold Mines Ltd. is a mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines – Rowan, Mount Jamie, and Red Summit. Madsen and Rowan projects location map ON BEHALF OF WEST RED LAKE GOLD MINES LTD. 'Shane Williams' Shane Williams President & Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: Gwen Preston Vice President Communications Tel: (604) 609-6132 Email: investors@ or visit the Company's website at 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 release. CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as 'anticipate', 'expect', 'estimate', 'forecast', 'planned', and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the plans and timing for the potential production of mining operations at the Madsen Mine, the potential (including the amount of tonnes and grades of material from the bulk sample program) of the Madsen Mine; the benefits of test mining; any untapped growth potential in the Madsen deposit or Rowan deposit; and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information.
