Resource News

American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "‎‎Company") announces the appointment of Mr. Tom Peregoodoff as Director, effective November 1st, 2022.

Rick Van Nieuwenhuyse, Chairman of the board, comments: "We are thrilled to have Tom and his vast technical and executive experience join our board. Tom's experience includes value-add roles with Pretium (sold to Newcrest in 2022), BHP, Peregrine Diamonds (sold to DeBeers Canada in 2018) and Apollo Silver."

Mr. Peregoodoff has 30+ years industry leadership experience through all stages of exploration. He was previously VP of Early Stage Exploration at BHP and CEO at Peregrine Diamonds. Currently Mr. Peregoodoff is CEO of Apollo Silver and a board member and independent director of American West Metals Limited.

Tom Peregoodoff replaces James Walchuck as a member of the board. The Company thanks Mr. Walchuck for his contributions.

About the Company

The Company is conducting its fall and winter exploration program on the high gradepast producing Copper District Property "Lordsburg" in New Mexico.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

American Copper Development Corporation

For further information, please contact:‎

Daniel Schieber
Chief Executive Officer and Director
Phone: (778) 372-9888
Email: invest@american-copper.com
Website: https://american-copper.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking ‎information" under applicable Canadian securities legislation. ‎Forward-looking information involves risks, uncertainties, and other factors that could cause ‎actual results, performance, prospects, and opportunities to differ materially from those ‎expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and ‎assumptions that, while considered reasonable, are subject to known and unknown risks, ‎uncertainties and other factors which may cause actual results and future events to differ ‎materially from those expressed or implied by such forward-looking information. ‎Accordingly, the forward-looking information discussed in this release, may not occur and ‎could differ materially as a result of these known and unknown risk factors and uncertainties ‎affecting ACDC. Although ACDC believes that the assumptions and factors used in ‎preparing the forward-looking information are reasonable, undue reliance should not be placed ‎on this 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. Except where ‎required by law, ACDC disclaims any intention or obligation to update or revise any forward-‎looking information, whether as a result of new information, future events, or otherwise.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142913

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American Copper Development


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American Copper Development Corporation Grants Stock Options

American Copper Development Corporation Grants Stock Options

American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "‎‎Company") reports that, pursuant to the Company's 2021 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 4,200,000 common shares in the capital stock of the Company. The options are exercisable on or before September 9, 2027 at a price of $0.25 per share.

About the Company

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Forte Minerals Appoints New Independent Director

Forte Minerals Appoints New Independent Director

Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) ( Frankfurt : 2OA ) is pleased to announce the appointment of Mr. Richard Leveille to the Company's board of directors, bringing it to a total of five members.

CSE: CUAU (CNW Group/Forte Minerals Corp.)

Mr. Richard Leveille has an accomplished career that spans over forty years. He attended the University of Utah , graduated with a B.Sc. in Geology, and later completed his Master's in Geology from the University of Alaska.

His work experience progressed through companies such as AMAX, Kennecott, Rio Tinto, and Phelps Dodge . Notably, Mr. Leveille was also the Senior Vice President of Exploration for Freeport Copper & Gold, where he managed the team that helped add significant copper to reserves and made the Chukarui Peki discovery in Serbia, which shared the 2016 PDAC Thayer Lindsley International Mineral Discovery Award.

Since his retirement at Freeport in 2017, Mr. Richard Leveille has been working as a Consulting Geologist focusing on mineral exploration projects in Australia , South America , and the United States .

Forte is pleased to welcome Mr. Richard Leveille to the team. " Richard is a great addition and brings extensive mining industry expertise to the Company. We believe we've established a well-rounded group of professional board members and look forward to utilizing everyone's knowledge to generate shareholder value," said Patrick Elliott , President & CEO.

The Company has granted Mr. Richard Leveille 250,000 stock options with an exercise price of $0.20 , exercisable for five years.

ABOUT Forte Minerals CORP

The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.

On behalf of Forte Minerals CORP.

(signed) " Patrick Elliott "
Chief Executive Officer

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/forte-minerals-appoints-new-independent-director-301692177.html

SOURCE Forte Minerals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/02/c0073.html

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Noble Mineral Closes Non-Brokered Private Placement

Noble Mineral Closes Non-Brokered Private Placement

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - December 2, 2022 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the closing of its previously announced (see the news release dated November 15, 2022) non-brokered private placement (the " Private Placement ") whereby it raised gross proceeds of $562,500 (before fees and expenses) through the issuance of 6,250,000 flow-through common share units (" FT Units ") priced at $0.09 per unit. Each FT Unit was comprised of one common share issued as a "flow-through share" as defined in the Income Tax Act (Canada) and designated as a flow-through common share (" FT Share ") and one-half non-flow-through common share purchase warrant, each full warrant being exercisable for three years for one common share in the capital of the Company at an exercise price of $0.11 per common share.

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FPX Nickel Closes $12 Million Equity Investment From New Corporate Strategic Investor

FPX Nickel Closes $12 Million Equity Investment From New Corporate Strategic Investor

/THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./

FPX Nickel Corp. (TSXV: FPX), (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that it has closed the private placement financing (the " Private Placement ") with a new corporate strategic investor (the " Strategic Investor "), as previously announced in the Company's November 29, 2022 news release.

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Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021, April 4, 2022 and September 2, 2022 (the "Convertible Debentures") the Company has elected to issue 10,172 common shares in the capital of the Company ("Common Shares") at a deemed price of US$10.28 (C$13.80) to Queen's Road Capital as payment for US$104,568 (C$140,304) in interest owing on the Convertible Debentures.

Under the terms of the Convertible Debentures, interest is payable quarterly, five per cent in cash and three per cent in shares, at the greater of: (i) the 20-day volume weighted average price prior to the interest payment date; or (ii) the Discounted Market Price (as such term is defined in the policies of the TSX Venture Exchange (the "TSX-V")).

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StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), reports significant mineralization in drill core that resembles surface rock samples having returned high values greater than 1% nickel equivalent (NiEq) and 0.5% vanadium pentoxide. Approximately 1,000m of well-preserved stored core from a 1996 drill program completed by BHP at Nagvaak was logged in detail with a focus on identifying mineralized intervals for energy transition metals. The previous drill program by BHP focused on exploring for zinc mineralization outlined by a gravity anomaly and multiple EM conductors central to the Nagvaak target area. The Company's exploration program confirmed the location of the BHP drillhole collars and incorporated the drill holes and recently completed ground geophysical survey results into a sectional interpretation (see news release dated October 14th, 2022). Utilizing a handheld XRF spectrometer, the StrategX exploration team identified mineralized zones anomalous in nickel, vanadium, cobalt, copper, molybdenum, and silver. A total of 354 drill core samples were taken and sent to SRC laboratory for assaying.

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Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland

Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland

Channel sampling at the Hydra Zone returns up to 13.57% Cs2O

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce that recent channel sampling at the cesium dyke prospect has confirmed a potentially significant high-grade cesium discovery dubbed the Hydra Zone, on the Golden Hope Project in southwestern Newfoundland

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