Year: 2023

Cartier Files Early Warning Report in Respect of Earthwise Minerals Corp.

MotherlodeTV
Cartier Resources

Cartier Resources Inc. (TSX.V: ECR) (“Cartier” or the “Corporation”) announces that it has filed an early warning report in respect of its holdings in Earthwise Minerals Corp. (“Earthwise”). The requirement to file this report was triggered by the receipt, on May 4, 2023, of 1,600,000 common shares of Earthwise (the “Consideration Shares”) issued to Cartier under the terms of an option agreement dated April 22, 2021, as amended, between Earthwise and Cartier (the “Option Agreement”). The Consideration Shares were issued at a deemed price of $0.08 per share in satisfaction of the scheduled share issuance required to be made by Earthwise under the terms of the Option Agreement (the “Share Issuance Payment”) and will be subject to a contractual release period, as follows: (a) July 22, 2023: 25%; (b) October 22, 2023: 25%; (c) January 22, 2024: 25%; and (d) April 22, 2024: 25%. read more

Clean Air Metals Announces the New SLR Mineral Resource Estimate for the Thunder Bay North Critical Metals Project with an Indicated Resource of 14.0 million tonnes containing 1.2 million ounces of 2PGE (Pt+Pd) 57,500 tonnes of Cu and 34,300 tonnes of Ni

MotherlodeTV

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that further to its disclosure of February 15, 2023, the Company has completed an updated Indicated and Inferred Mineral Resource estimate disclosed in accordance with National Instrument 43-101 (“NI 43-101″) for the Company’s 100%-owned Thunder Bay North Critical Metals Project (the “Project“). read more

Grid Metals Expands Leadership Team With Appointment of Chief Development Officer

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) is pleased to announce the appointment of Brandon Smith, CFA, MFE as Chief Development Officer effective immediately. Brandon Smith is a seasoned capital markets professional with over a decade of experience, and most recently, he was the lead equity research analyst covering battery metals developers for one of Canada’s leading independent investment banks. read more

NexGen Receives Strong Support for Rook I Project Financing in Excess of US$1 Billion

MotherlodeTV
T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has received significant initial interest from prospective financial institutions, including commercial lenders and export credit agencies, for providing project financing for the Rook I Project (the “Project” or “Rook I”). To date, NexGen has received non-binding expressions of interest totalling over US$1 Billion in available debt for the Project, subject to acceptable financing terms and conditions as well as satisfactory due diligence (including environmental and social reviews) and the entering into of definitive documentation. read more

Defense Metals Corp. Announces Private Placements for Aggregate Proceeds of $12.5 Million With Lead Order from RCF Opportunities Fund II L.P. of $6.6 Million

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Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce a non-brokered private placement financing (the “LIFE Offering“) of up to 22,367,977 Common Shares of the Company (“Common Shares“) at a price of $0.26 per Common Share, and a Concurrent Placement (as defined below) of up to 25,708,946 Common Shares at a price of $0.26 per Common Share, for aggregate gross proceeds of C$12.5 million (collectively, the “Offering“). As part of the Concurrent Placement, the Company has received a lead order from RCF Opportunities Fund II L.P. (“RCF“) for approximately C$6.6 million. John Robins, Strategic Advisor to the Company will also participate in the Offering. read more

NexGen Releases 2022 Sustainability Report

MotherlodeTV
T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the release of its 2022 Sustainability Report (“the Report”) that covers the period January 1 to December 31, 2022. The Report marks the third year that NexGen has reported on the Company’s robust Environmental, Social and Governance (ESG) profile and is the first report that fully incorporates all aspects of Global Reporting Initiatives (GRI) compliance. The Report is available online on the Company’s website: https://nexgenenergy2021corp.q4web.com/sustainability/default.aspx#esg read more

Defense Metals Announces Commencement of Phase II Hydrometallurgical Pilot Plant Testing

MotherlodeTV

Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that further to the news release dated April 12, 2023, all assays for the hydrometallurgical pilot plant have been received and interpretation of the data is largely complete.  Data from Phase I have been used to optimize the design conditions for Phase II of the pilot plant. read more

Graduation Day: Cartier Resources completes its PEA

JayCurrie
ECR.V, Cartier Resources, gold, Quebec, Chimo Mine

A Preliminary Economic Assessment (“PEA”) is a significant milestone for junior exploration companies, essentially it promotes them into a select group of “valued asset” owners in the mining industry. It is a third-party assessment of the economic viability of the project’s resource estimates which a company has completed to date and it is an outline of the steps to be taken to reach commercial production. read more

Cartier Delivers Positive PEA for Chimo Mine Project Post-Tax NPV5% of CAD$388M and 20.8% IRR

Long term gold price of US$1,750/oz, Exchange rate of CAD$1.00 = US$0.77 Post-tax NPV5% of CAD$388M and IRR of 20.8% Post-tax payback period of 2.9 years and mine life of 9.7 years Capex of CAD$341M Average all-in sustaining cost of US$755/oz Average annual production of 116,900 oz 4,500 tpd underground operation Average sorted grade of 4.55 g/t Au for mill feed Processing plant with capacity of 3,000 tpd and rate of recovery of 93.1% Sorting of mineralization increases the grade of material prior to milling operations and recovery rate and also reduces costs of mill construction, material handling, milling and restoration leading to a reduced environmental footprint of mine tailings and thus increasing the social acceptability of the project
MotherlodeTV
Cartier Resources

Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce the positive results of the Preliminary Economic Assessment (“PEA”), prepared in accordance with National Instrument 43-101 – Standard of Disclosure for Mineral Projects (“NI 43-101”), on the Chimo Mine Project located 45 km east of the Val-d’Or mining camp. read more