Latest news with #mineralexploration
Globe and Mail
4 days ago
- Business
- Globe and Mail
Integral Metals Announces Closing Date for Private Placement Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) -- Integral Metals Corp. (CSE: INTG | FSE: ZK9) (the 'Company' or 'Integral') is pleased to announce, further to its news release dated February 21, 2025, that it intends to close its previously announced non-brokered private placement offering (the ' Private Placement ') of common shares of the Company (the ' Common Shares ') at a price of US$0.70 per Common Share, for gross proceeds of up to US$425,000, on or about June 6, 2025. The Company intends to use the net proceeds of the Private Placement for expenditures on its mineral exploration properties, and for general working capital purposes. All securities issued under the Private Placement will be subject to a four-month and one-day hold period. Closing of the Private Placement will be subject to certain customary conditions, including the receipt of all necessary regulatory approvals. The securities issued pursuant to the Private Placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. On Behalf of the Board Directors Paul Sparkes Chief Executive Officer 825-414-3163 info@ ABOUT INTEGRAL METALS CORP. Integral is an exploration stage company, engaged in the business of mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with the goal of contributing to the development of a domestic supply chain for these minerals. Integral holds properties in mining-friendly jurisdictions in Canada and the United States of America, including the Northwest Territories, Manitoba and Montana, where it has received regulatory support for its exploration efforts. Forward-Looking Information Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' 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 beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the anticipated completion of the Private Placement, the anticipated closing date, the anticipated amount of proceeds therefrom and the proposed use of proceeds therefrom. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward- looking information included in this press release, assumptions regarding the Company's ability to complete the Private Placement and the amount of proceeds to be raised therefrom, and the future plans and strategies of the Company. Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company may not be able to complete the Private Placement as contemplated, or at all, and that the Company's plans with respect to the use of any proceeds received from the Private Placement may change; and the risk that the Company's business prospects and priorities may change, whether as a result of unexpected events, general market and economic conditions or as a result of the Company's future exploration efforts, and that any such change may result in a re-deployment of the Company's resources and efforts in a manner divergent from the Company's current business plan or strategy. 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. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Vortex Energy Corp. Announces Marketing Program
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (' Vortex ' or the ' Company ') announces that it has engaged MCS Market Communication Service GmbH (' MCS ') (address: Rheinpromenade 13, 0789 Monheim am Rhein; email: info@ to provide marketing services for an expected term of 45 days, commencing June 2, 2025. MCS will, as appropriate, perform maintenance and optimization of AdWords campaigns, adaptation of AdWords bidding strategies, optimization of AdWords ads, AdWords keyword research and optimization, optimization action for various device types (mobile, tablet, desktop), creation and optimization of landing pages and generally bring attention to the business of the Company in consideration for the payment by the Company of €200,000 to MCS. The promotional activity shall occur by digital channels, including email, Facebook, and Google. As of the date hereof, to the Company's knowledge, MCS (including its directors and officers) does not own any securities of the Company and has an arm's length relationship with the Company. The Company will not issue any securities to MCS as compensation for its marketing services. About Vortex Energy Corp. Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. The Company is currently advancing its Robinson River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. On Behalf of the Board of Directors Paul Sparkes Chief Executive Officer, Director +1 (778) 819-0164 info@ Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' 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 beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the expected term of the marketing activities contracted for by the Company. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the efficacy and length of the Company's marketing program. Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company's marketing program may not be as effective as anticipated by the Company and that the budget for the Company's marketing program may not be sufficient to permit the marketing activities to continue for the anticipated term. The forward-looking information contained in this release is made as of the date hereof, and the Company 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. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Group Eleven Announces Appointment of Jasmine Lau as Chief Financial Officer
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (" Group Eleven" or the " Company") is pleased to announce the appointment of Jasmine Lau, CPA, as Chief Financial Officer (" CFO") of Group Eleven, replacing Jeannine Webb, effective May 30, 2025. Jasmine is a Vancouver-based Chartered Professional Accountant with over 16 years' experience in the resource sector, having served as the Chief Financial Officer for several mineral exploration companies. She is currently the CFO of Minaurum Gold Inc, Forte Minerals Corp., and Cascadia Minerals Ltd. Prior to that, Jasmine also served as CFO to a various number of other private and public mineral exploration companies. "On behalf of Group Eleven and its Board of Directors, I am very pleased to welcome Jasmine to the team," stated Bart Jaworski, CEO. "Jasmine's appointment brings a wealth of relevant experience and skills to the Company. I would also like to sincerely thank Jeannine Webb for her valuable contributions and dedication to the Company over the past three years." About Group Eleven Resources Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at ON BEHALF OF THE BOARD OF DIRECTORS Bart Jaworski, Chief Executive Officer E: | T: +353-85-833-2463 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. Cautionary Note Regarding Forward-Looking Information This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
Associated Press
27-05-2025
- Business
- Associated Press
Kootenay Resources Reports Data Review of Copley Project
VANCOUVER, BC / ACCESS Newswire / May 27, 2025 / Kootenay Resources Inc. (TSXV:KTRI) (the 'Company' or 'Kootenay') is pleased to announce the completion of a desktop data review on the Copley project detailing work completed during 2022-2024. The 3,728 hectare Copley property is an early-stage mineral exploration property with demonstrated gold and copper mineralization intercepted in drilling and is situated 35 kilometers south of Fraser Lake, Central British Columba, Canada. The data review recognizes positive advances, and Kootenay is eager to follow up on the new drill results and geophysical anomalies identified on the project. Between 2022 to 2024, Centerra Gold Inc completed diamond drilling (12 holes for 4,181 meters), Induced Polarization ground geophysics (29-line kilometers), soil sampling (1,342 samples), and drone magnetics (358-line kilometers) totaling $2.96M of filed assessment work. Kootenay's interpretation of all datasets indicates the project has very good potential for the discovery of a large-scale epithermal gold-silver deposit with associated copper-gold porphyry potential. To date 35 holes for a total 6,314 meters have been drilled across the property, most drilling work being focused on the East Dome (2022-23) and Smoking Pipe (2010-11) targets. Photograph of topographic features looking southeast from access road PROJECT HIGHLIGHTS LOCATION & ACCESS GEOLOGICAL MODEL & TARGETS DATA ASSETS & TECHNICAL DATABASE Claim Outline showing main gold in rock anomalies EXPLORATION HISTORY & POTENTIAL REGIONAL CONTEXT OWNERSHIP & NEXT STEPS Copley is a drill-permitted, road-accessible gold-silver project located within the porphyry-epithermal endowed Nechako Plateau region of central British Columbia. Hosted in felsic volcanic vent complexes within a 10 km x10 km interpreted ancient caldera, the project represents a large-tonnage, intermediate-sulfidation epithermal system with potential for high-grade structurally focused mineralization and associated porphyry roots. Copley presents a compelling acquisition or partnership opportunity. Background Kootenay Resources Inc's stated mission is the discovery a Tier One deposit and as such focuses on those areas with demonstrated geologic potential for such deposits. The Company is exploring its flagship Moyie Anticline property in southern British Columbia and on its generative program including several promising gold-silver-copper properties in the Nechako plateau of central British Columbia. Kootenay Resources Inc. welcomes partners for exploration projects and currently has one mineral property under option to Centerra Gold (KB) Inc., and three projects under option to fellow junior exploration company Rokmaster Resources Corp. Qualified Persons The Companys technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Dale Brittliffe, V.P. Exploration for Kootenay, a Qualified Person. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Kootenay Resources Inc. Kootenay is an exploration company actively engaged in the exploration and discovery mineral projects in British Columbia, Canada. The Company was formed as a spin-out of Kootenay Silver Inc in which prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction was completed in October of 2021, Kootenay Silver currently holds 5.4 million common shares of Kootenay. On behalf of the board of directors of the Company: James McDonald, Director For additional information, please contact: James McDonald, Director at 403-880-6016 Raj Kang, Director at 604-601-5650 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: The information in this news release has been prepared as at May 26, 2025. Certain statements in this news release, referred to herein as 'forward-looking statements', constitute 'forward-looking statements' under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as 'expected', 'may', 'will' or similar terms. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based. SOURCE: Kootenay Resources Inc. press release
Yahoo
27-05-2025
- Business
- Yahoo
Guardian Metal Resources PLC Announces Pilot Mountain Geotechnical Update
LONDON, UNITED KINGDOM / / May 27, 2025 / Guardian Metal Resources plc (LON:GMET)(OTCQX:GMTLF), a strategic development and mineral exploration company focused on tungsten in Nevada, USA, is pleased to announce that the geotechnical drilling covering the Company's Pilot Mountain tungsten project ("Pilot Mountain" or the "Project") located in mining friendly Nevada, USA, is now complete (Fig. 1). The drilling campaign targeted the 'Desert Scheelite' zone and comprised a total of 1,156 metres across seven drillholes (Fig. 2). Drillhole GCH-06 was abandoned at a depth of 67.07 metres due to drill operator error and GCH-07 was redrilled at the same location as GCH-06 to a final depth of 173.55m. The collected geotechnical data has now been submitted to the Company's appointed geotechnical engineers and will form a key input into the ongoing Pre-Feasibility Study for the Project. Pilot Mountain Highlights: The geotechnical drillholes were designed by the Company's geotechnical engineers to provide geotechnical information in the vicinity of the planned open pit shell. Encouragingly, multiple geotechnical drillholes intersected porphyry and/or skarn-type alteration and mineralisation, suggesting that the Desert Scheelite mineralised system extends beyond the current known limits of the Desert Scheelite Zone, including the following downhole intervals: GCH-01: Multiple strongly skarn altered intervals from 151.4m to 153.9m, 158.5m to 158.8m, 166.5m to 170.8m, and 191.3m to 192.6m with local visible scheelite mineralisation; GCH-04: Multiple porphyry-mineralised intervals including potassic alteration with cross-cutting ± pyrite, molybdenite and/or chalcopyrite veins; GCH-05: Multiple strongly porphyry-mineralised intervals including potassic as well as sodic-calcite alteration with cross-cutting ± pyrite, molybdenite and/or chalcopyrite veins (Fig. 3, 4); and GCH-07: Skarn as well as porphyry-style alteration within the hole, porphyry has predominantly propylitic alteration with local phyllic alteration towards the bottom of the hole. The first drill hole at the Project's 'Garnet Zone', PGMR25-001, is now complete to a final depth of 100m, and the Company is pleased to report that it intersected multiple very strongly visually skarn-mineralised scheelite dominated intervals (Fig. 5). The 'Garnet Zone' had not been drilled since being acquired by Guardian Metal in 2021. Oliver Friesen, CEO of Guardian Metal, commented: "The Company continues to make excellent progress at Pilot Mountain, with drilling operations advancing at pace. Encouragingly, multiple geotechnical holes indicate that the mineralising system at Desert Scheelite extends beyond the currently drilled footprint. In addition, strong visual mineralisation observed at the Garnet Zone demonstrates the significant untapped potential across other known, at-surface skarn zones. "Recent executive orders from the Trump administration underscore a strategic push to reshore critical metal supply chains - particularly tungsten, given its importance to the defence sector and United States' national security. We remain focused on advancing both of our co-flagship projects as swiftly as possible, with analytical results from Pilot Mountain and Tempiute expected shortly." Media Figure 1:State of Nevada, United States, location map showing position of the Company's 100% owned Pilot Mountain Project and Tempiute. Figure 2:Drillhole plan map showing location of recently completed resource drilling at Desert Scheelite as well as the location of the geotechnical drillholes reported herein. Figure 3:Quartz vein within potassic altered quartz-monzonite with very strong disseminated molybdenite (~10%) mineralisation throughout (Drillhole GCH-05 @ 123.8m). Figure 4:Pyrite and chalcopyrite mineralised quartz vein (Drillhole GCH-05 @ 136.8m). Figure 5:Visually strong scheelite mineralisation within the first drillhole completed at the Garnet Zone from 63.79 to 65.38m downhole. COMPETENT PERSON STATEMENT The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Guardian Metal Resources plc to provide technical support. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company are responsible for the contents of this announcement. Forward Looking Statements This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. For further information contact the following: Guardian Metal Resources plc Oliver Friesen (CEO) Tel:+44 (0) 20 7583 8304 Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll Tel: +44 20 7213 0880 Shard Capital Partners LLP Lead Broker Damon Heath/Erik Woolgar Tel: +44 (0) 20 7186 9000 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Guardian Metal Resources PLC View the original press release on ACCESS Newswire 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
