Bathurst Metals Corp. (TSX-V:BMV) (OTC:BMVVD) (“Bathurst” or the “Company”) is pleased to announce the terms of a non-brokered private placement (the “Flow-Through Offering”) whereby the Company plans to raise approximately CDN $200,000.00 through the issuance of 1,600,000 units with a subscription price of CDN $0.125 per unit (“Unit”). Each Unit consists of one flow-through common share (“Share”) and one Share purchase warrant to purchase one additional non flow-through Share (“Warrant Share”) exercisable at a price of CDN $0.25 per Warrant Share for a period of two years from the date of issue of the Units.
The Flow-Through Offering is expected to close on or before December 31, 2022.
The Company intends to use the gross proceeds from the flow-through portion of the Flow-Through Offering to incur Canadian Exploration Expenses that are Flow-Through Mining Expenditures (as such terms are defined in the Income Tax Act (Canada)). The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2022.
The proceeds from the Flow-Through Shares issued under the Flow-Through Offering will be used in part to fund the Company’s 2023 exploration and evaluation program on the Peerless Project.
The Company also announces a non-brokered private placement financing of up to 400,000 units (the “Units”) of securities at a price of CDN $0.10 per Unit for aggregate gross proceeds of up to CDN $40,000.00 (the “Non Flow-Through Offering”). Each Unit will be comprised of one Share and one non-transferable Share purchase warrant, with each whole warrant entitling the holder to purchase one additional Share at a price of CDN $0.20 for one year. The net proceeds will be used to pay agent’s commissions and administrative expenses. The Non Flow-Through Offering is expected to close no later than December 31, 2022.
Both private placements are subject to the approval of the TSX Venture Exchange. All Shares issued will be subject to a four month and one day hold period which will expire on the date that is four months and one day from the date of issue.
On behalf of the Board of Directors
Bathurst Metals Corp.
For more information contact Harold Forzley, Chief Executive Officer
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.
(TheNewswire)
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Vancouver, B.C. February 2, 2023 Bathurst Metals Corp. ("Bathurst" or the "Company") ( TSXV:BMV ) ( OTC:BMVVD ) is pleased to announce it has entered into a definitive Option Agreement with arm's length vendor BCT Holdings Corp . ("BCT") to acquire an undivided 100% interest in 12 mineral claims known as the "Peerless Property". The Company previously entered into a letter of intent with BCT, the terms of which were announced on November 17, 2022.
The Peerless Property, covering approximately 5,500 hectares, is located in the Bridge River Mining Camp of British Columbia.
Under the terms of the Option Agreement, the Company will pay BCT an aggregate of $500,000.00 over four (4) years and issue a total of 7,500,000 common shares to BCT over a period of three and one-half (3.5) years as consideration for the claims. The Company also issued 500,000 common shares to an arm's length finder in connection with the transaction. All common shares issued will be subject to a four (4) month hold period.
The Company has also committed to incur not less than $2,700,000 in exploration expenditures on the Peerless Property over a four (4) year period.
The Peerless Project is located in the Gold Bridge Mining Camp with similar geological and structural settings to the Bralorne-Pioneer Mines that produced over 4 million ounces of gold and is immediately north of Endurance Gold's, Reliance Gold Project.
Historically, the Peerless Property contains three (3) known areas of base and precious metal mineralization known as the Alpha, Beta and Peerless, with the Peerless containing underground workings.
Drill testing on the Beta Zone in November 1987 by Manhattan Minerals produced grades of 1.70 oz/ton gold and 5.86 oz/ton silver in Hole 87-8 from 65-70 feet. As well, as 1.13 oz/ton gold and 0.36 oz/ton silver in hole 87-9, in drill lengths from 170-175 feet. Per BC Assessment report file #17062
No additional drill testing of this zone has been undertaken since 1987.
Recent exploration programs discovered a multi-element, including gold in soil anomaly over 3,000 and up to 500 metres wide that remains open in both directions that incorporate all three (3) known zones.
Higher grade gold/silver + base metal mineralization appears to be situated along a structurally controlled, metasediment-volcanoclastic/ ultramafic contact.
The Company plans to continue to define the extent of the anomalous gold + base metal in soil anomalies with the intention of working with the First Nations and government authorities to obtain permits to begin drill testing the Beta Zone later this year.
Bathurst CEO Hardy Forzley said: "The Peerless Property provides an exceptional opportunity for the Company. It is located in one of the most prospective areas for gold mineralization in British Columbia and with easy access we will be able to work year round to advance its development".
The TSX Venture Exchange accepted the transaction.
Qualified Person
Lorne Warner, P Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
For more information contact Harold Forzley
info@bathurstmetalscorp.com
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.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
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Copyright (c) 2023 TheNewswire - All rights reserved.
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Vancouver, British Columbia TheNewswire - November 24, 2021 Bathurst Metals Corp. (" Bathurst " or the " Company ") (TSXV:BMV) (OTC:BMVVD) is pleased to announce it has closed its previously announced private placement. The Company issued 1,600,000 units (the " Units ") of securities at a price of $0.10 per Unit for aggregate gross proceeds of $160,000.00 (the " Offering "). Each Unit consists of one (1) common share and one (1) non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.20 for one year.
Finders' fees of 7% cash were paid on a portion of the Offering .
The securities issued are subject to a four-month hold period.
Proceeds of the private placement will be used for working capital.
On behalf of the Board of Directors
For more information contact Harold Forzley, Chief Executive Officer
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.
Copyright (c) 2022 TheNewswire - All rights reserved.
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Vancouver, British Columbia TheNewswire - November 17, 2022 Bathurst Metal Corp. (TSXV: BMV ) ( OTC:BMVVF) (" Bathurst " or the " Company ") Vancouver, British Columbia Bathurst Metals Corp. today announced it has entered into a binding letter of intent (" LOI ") with arm's length vendor BCT Holdings Corp (the " Vendor ") to acquire an undivided 100% interest in 12 mineral claims covering approximately 5,500 hectares located in the Bridge River Mining Camp of British Columbia.
About the Peerless Project
Located less than 20 kilometres from the historic Bralorne/Pioneer and King Gold Mines
Project's known gold/silver and base metal mineralization is similar to these mines in that the mesothermal, orogenic quartz-carbonate, structurally controlled veins are in close proximity to an ultramafic intrusive/ volcaniclastic-sedimentary contact.
Property contains three known showings, Alpha, Beta and Peerless with limited historical, systematic surface and underground exploration starting in the 1930's. The property lies at low altitude and has year-round road access
Historic drilling intercepted mineralization at the Alpha Zone such as: Hole 87-8, starting at 19.8 metres of 1.02 oz/tonne gold and 3.82 oz/tonne silver over a 3.47 metres core length . Zone remains open along strike and to depth.
Recent exploration work has defined an east-northeast trending, in soil multi-element (gold/silver/arsenic/ antimony/lead/zinc/bismuth/copper) anomaly over 2,500 x 750 metres and remains open in all directions.
Hardy Forzley, Bathurst's CEO states: "With this acquisition, Bathurst secures a significant mineral rights position in one of the most prospective areas of British Columbia associated with gold mineralization. The project has good access to year-round field work and represents an exceptional opportunity for the Company."
Terms of the Acquisition
The terms of the LOI provide for payment of CAD$500,000, issuance of 7,500,000 common shares of the Company, and funding by the Company of $2,700,000 in exploration expenditures, all over a period of four (4) years, as follows:
a) Cash Payments :
Subject to TSXV approval, BMV will make the following cash option payments as follows:
Date | Amount | Cumulative |
Three (03) months after Definitive Agreement Date* | $ 25,000 | $ 25,000 |
06 months after Definitive Agreement Date | $ 25,000 | $ 50,000 |
12 months after Definitive Agreement Date | $ 25,000 | $ 75,000 |
18 months after Definitive Agreement Date | $ 50,000 | $125,000 |
24 months after Definitive Agreement Date | $ 50,000 | $175,000 |
30 months after Definitive Agreement Date | $ 50,000 | $225.000 |
36 months after Definitive Agreement Date | $ 75,000 | $300,000 |
42 months after Definitive Agreement Date | $100,000 | $400,000 |
48 months after Definitive Agreement Date | $100,000 | $500,000 |
Total | $500,000 |
b) Share Issuances :
Subject to TSXV approval, BMV will issue the following common shares of BMV as follows:
The shares issued will be subject to a four month hold period.
Date | Number | Cumulative |
Seven (7) days after Definitive Agreement Date* | 500,000 | 500,000 |
06 months after Definitive Agreement Date | 500,000 | 1,000,000 |
12 months after Definitive Agreement Date | 500,000 | 1,500,000 |
18 months after Definitive Agreement Date | 500,000 | 2,000,000 |
30 months after Definitive Agreement Date | 2,000,000 | 4,000,000 |
42 months after Definitive Agreement Date | 3,500,000 | 7,500.000 |
Total | $7,500,000 |
c) Exploration Expenditures (defined below)
Subject to TSXV approval, Bathurst will incur the following exploration expenditures on or in connection with the Peerless Property within:
Date | Amount | Cumulative |
Twelve (12) months after Definitive Agreement Date* | $ 200,000 | $ 200,000 |
24 months after Definitive Agreement Date | $ 500,000 | $ 700,000 |
36 months after Definitive Agreement Date | $1,000,000 | $1,700,000 |
18 months after Definitive Agreement Date | $1,000,000 | $2,700,000 |
Total | $2,700,000 |
* "Definitive Agreement Date" shall mean the date upon which Bathurst and the Vendor enter into, execute and deliver a definitive Mineral Option Agreement on substantially the terms of this LOI, in a format commonly utilized for mineral option agreements of this nature in the mineral exploration industry.
d) NSR Royalty
Upon commencement of commercial production, Bathurst shall pay to the Vendor a royalty in an amount equal to a 2.5% of net smelter returns, subject to buy-back by Bathurst of 1.0% for $1,000,000.
Qualified Person
Lorne Warner, PGeo, is a qualified person as defined by National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
For more information contact Harold Forzley
info@bathurstmetalscorp.com
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.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
Copyright (c) 2022 TheNewswire - All rights reserved.
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Vancouver, British Columbia TheNewswire - N ovember 3, 2021 Bathurst Metals Corp. (" Bathurst " or the " Company ") (TSXV:BMV) (OTC:MBVVF) is pleased to announce the following undertakings to provide working capital.
The Company announces a non-brokered private placement financing of up to 1,500,000 units (the " Units ") of securities at a price of $0.10 per Unit for aggregate gross proceeds of up to $150,000.00 (the " Offering "). Each Unit will be comprised of one (1) common share and one (1) non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.20 for one year.
The private placement is subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.
On behalf of the Board of Directors
For more information contact Harold Forzley, Chief Executive Officer
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.
Copyright (c) 2022 TheNewswire - All rights reserved.
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October 27, 2022 TheNewswire Vancouver, British Columbia - Bathurst Metals Corp. ( the "Company") (TSXV:BMV) (OTC:BMVVF) announces that the Company will be completing a share consolidation on the basis of one (1) post-consolidation common share for every Two and one half (2.5) pre-consolidation common shares (the "Consolidation").
Effective at the commencement of trading on Monday October 31, 2022 the Company is expected to begin trading on the TSX Venture Exchange on a post-consolidated basis under the stock symbol "BMV". The new CUSIP and ISIN are 071205207 and CA0712052079 , respectively.
Currently there are 50,769,500 common shares issued and outstanding and after the Consolidation there will be approximately 20,307,860 common shares issued and outstanding. The Company will not be issuing fractional post-Consolidation common shares to shareholders in connection with the Consolidation. Where the Consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of post-Consolidation common shares issued to such holder of common shares shall be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, all common shares held by a beneficial holder shall be aggregated.
A letter of transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their respective certificates representing pre-consolidated common shares along with a completed letter of transmittal to the Company's transfer agent, Endeavor Trust Corporation ("Endeavor"), in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Endeavor. All shareholders who submit a duly completed letter of transmittal along with their respective pre-consolidated common share certificate(s) to Endeavor, will receive a post-consolidation share certificate.
Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name, will not need to complete a letter of transmittal.
The exercise or conversion price and the number of common shares issuable under any of the Company's outstanding convertible loans and stock options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.
On behalf of the Board of Directors
For more information contact Harold Forzley, President info@bathurstmetals.com
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.
Copyright (c) 2022 TheNewswire - All rights reserved.
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Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.12 percent on the week to close at 607.84 on Friday (December 13). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.71 percent decrease to hit 25,274.3, and the CSE Composite Index (CSE:CSECOMP) sank 2.68 percent to reach 131.45.
The US Bureau of Labor Statistics released November consumer price index (CPI) data on Wednesday (December 11).
The report shows the all-items index increased by 0.3 percent monthly, compared to the 0.2 percent recorded in each of the previous four months. Core CPI was also up 0.3 percent, steady compared to the previous three months.
On an annualized basis, CPI increased by 2.7 percent, up from the 2.6 percent rise recorded in October. Core CPI, which excludes food and energy, was unchanged from October, increasing 3.3 percent.
Overall, the increase in the CPI shows some stickiness in inflation, but most analysts think the US Federal Reserve will cut interest rates by 25 points when it meets on December 17 and 18, before pausing in the new year.
In the commodities space, gold passed US$2,700 per ounce midweek, but finished the period virtually unchanged at US$2,648.34; silver sank 1.43 percent to US$30.54 per ounce. Copper lost just 0.23 percent for the week at US$4.20 per pound on the COMEX. More broadly, the S&P GSCI (INDEXSP:SPGSCI) was up 2.83 percent to close at 546.29.
Equity markets were mixed this week. The S&P 500 (INDEXSP:INX) fell 0.52 percent to end Friday at 6,051.08, while the Nasdaq-100 (INDEXNASDAQ:NDX) gained 0.96 percent to come in at 21,780.25. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) finished the week down 1.81 percent at 43,828.07.
Find out how the five best-performing Canadian mining stocks performed against that backdrop.
Data for this article was retrieved at 4:00 p.m. EST on December 13, 2024, using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.
Weekly gain: 88.89 percent
Market cap: C$28.27 million
Share price: C$0.16
Orosur Mining is an explorer focused on the development of early to advanced-stage assets in South America.
Its flagship Anzá gold project in Colombia was previously a 49/51 joint venture with Minera Monte Aguila (MMA), a corporation owned equally by Newmont (TSX:NGT,NYSE:NEM) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM).
Exploration has revealed multiple gold deposits at the site, which is located 50 kilometers west of Medellin, and according to Orosur sits along Colombia’s primary gold belt.
Orosur also owns several early stage projects: the El Pantano gold-silver project in Argentina, the Lithium West project in Nigeria and the Ariquemes project in Brazil, which is prospective for tin, niobium and rare earths.
Shares of Orosur jumped significantly following a November 28 announcement that it has completed its takeover of MMA. The acquisition gives Orosur 100 percent indirect ownership of the Anzá gold project.
Under the terms of the agreement, Newmont and Agnico will each receive a 0.75 percent net smelter royalty, plus a fixed royalty of US$37.5 per ounce of gold or gold equivalent on the first 200,000 ounces produced.
Since the transaction's completion, exploration has resumed at the Pepas prospect to test high-grade results from a 2022 drill program. On Friday, Orosur announced the delivery of initial assays, saying they confirm the previous results. The samples encountered grades of 5.58 grams per metric ton (g/t) gold over 75.1 meters from the surface, including an intersection of 13.68 g/t over 13.95 meters.
Weekly gain: 80.65 percent
Market cap: C$34.59 million
Share price: C$0.28
NOA Lithium Brines is advancing three projects in the lithium triangle area of Argentina's Salta province: the 37,000 hectare Rio Grande project, the 78,000 hectare Arizaro project and the 10,200 hectare Salinas Grandes project.
Of the three projects, Rio Grande is the most advanced. The company updated the resource estimate for the site in July, noting that measured and indicated resources had increased to 2,658,000 metric tons of lithium carbonate equivalent, with 2,039,000 metric tons of lithium carbonate equivalent in the inferred category.
Shares of NOA gained this week after the company said on Tuesday (December 10) that it has closed a C$13.5 million private placement with Clean Elements, a private holding company established to develop lithium assets. If Clean Elements exercises all warrants, it will receive 39.9 percent of outstanding common shares on a fully diluted basis.
NOA plans to use the proceeds of the offering to pay off debts and fund exploration work at Rio Grande.
Weekly gain: 60.19 percent
Market cap: C$179.47 million
Share price: C$1.65
O3 Mining is a gold explorer and developer working to advance its assets in Québec, Canada.
The company’s Marban Alliance gold project is composed of 65 mining claims covering 2,189 hectares in Western Québec. Exploration at the site dates back to the 1940s and has seen drilling to a depth of 1,475 meters.
A prefeasibility study from 2022 outlines a pre-tax net present value of C$775 million for the asset with an internal rate of return of 30.2 percent and a payback period of 3.5 years.
O3 also owns the Horizon project, made up of 192 claims over 8,778 hectares directly to the northwest of Marban.
Shares of O3 jumped this week following news on Thursday (December 12) of a friendly takeover offer by major miner Agnico Eagle Mines. The offer, valued at C$204 million, will see Agnico Eagle purchase all outstanding common shares in O3 at C$1.67 each, a 58 percent premium to the closing price on December 11.
The news was followed on the same day by a joint announcement that O3’s largest shareholder, Gold Fields (NYSE:GFI), will support the transaction through a lock-up agreement with Agnico to tender its common shares in O3. Gold Fields owns approximately a 17 percent stake in O3.
Weekly gain: 50 percent
Market cap: C$19.19 million
Share price: C$0.015
KWG Resources is a chromite and base metals exploration company focused on moving forward at its Ring of Fire assets in Northern Ontario, Canada. It does business as the Canadian Chrome Company.
The firm's properties consist of the Fancamp and Big Daddy claims, along with the Mcfaulds Lake, Koper Lake and Fishtrap Lake projects. All are located within a 40 kilometer radius, and according to the company are home to feeder magma chambers containing chromite, nickel and copper deposits.
KWG is currently working with local First Nations to improve transportation to the region through the development of road and rail links. The company announced on November 7 that it had signed a memorandum of agreement with AtkinsRealis Canada in its capacity as a contractor representing the Marten Falls and Webequie First Nations.
The agreement will allow AtkinsRealis temporary access rights over some mineral exploration claims in support of work permits for an environmental assessment for the design, construction and operation of a multi-use, all-season road between the proposed Marten Falls community access road and the proposed Webequie supply road.
Once completed, the link will provide improved access to communities and mining companies in the region.
KWG did not release any news in the past week.
Weekly gain: 47.06 percent
Market cap: C$48.91 million
Share price: C$0.25
Vior is a gold exploration company with a portfolio of assets located in Québec, Canada.
The company’s main focus has been advancing its flagship Belleterre project in Southwestern Québec. The property consists of 635 claims covering an area of 350 square kilometres, and hosts the past-producing Belleterre gold mine, which produced 750,000 ounces of gold and 95,000 ounces of silver between 1936 and 1959.
Vior says that the mineralization trend at the property extends for 6 kilometers, and in addition to gold and silver has demonstrated the presence of copper, lead and zinc.
On September 24, Vior commenced a fully funded 60,000 meter drill program at Belleterre, which will operate through mid-2025. The company says it is the largest drill program at the site since the mine closed in 1959.
The first assays were announced on November 12, and the company reported high-grade gold at depth. The results include highlighted intercepts of 9 g/t gold over 1.2 meters from the Belleterre area, and 4 g/t gold over 1.2 meters from the Aubelle area. Vior said the results confirm the continuity and potential for expansion of mineralization at the site.
The company’s most recent announcement came on Thursday, when it announced that Mathieu Savard, Osisko Mining's former president, will become Vior's new president and CEO. He will be joined by Pascal Simard, who was Osisko’s vice president of exploration. Simard will hold the same role at Vior.
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.
Together the TSX and TSXV host around 40 percent of the world’s public mining companies.
There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.
The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.
These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
The gold price rose early on this week, breaking US$2,700 per ounce on Wednesday (December 11).
The metal was reacting to the latest US consumer price index (CPI) data, which shows a 2.7 percent year-on-year increase for the month of November. That's up slightly from the 2.6 percent annual gain seen in October.
CPI was up 0.3 percent month-on-month, again higher than October's 0.2 percent rise. Core CPI, which excludes the more volatile food and energy categories, was up 3.3 percent year-on-year and 0.3 percent from the previous month.
The US Federal Reserve meets next week from December 17 to18, and was already widely expected to cut rates by 25 basis points, bringing the 2024 total to 100 basis points. This week's CPI data has further cemented those expectations.
Thursday (December 12) brought the release of producer price index (PPI) numbers out of the US, with the year-on-year increase for November coming in at 3 percent — above October's 2.4 percent and higher than projections. PPI was up 0.4 percent from the previous month, also higher than the 0.2 percent rise reported in October.
Core PPI was up 3.4 percent year-on-year and 0.2 percent from the previous month. Analysts believe the PPI data points to stickiness in inflation and indicates the US Federal Reserve's 2 percent target is further away than it looks.
"The Federal Reserve can feel largely pleased with the progress made on lowering high levels of inflation over the last couple years," Yahoo Finance quotes Rick Rieder, BlackRock global CIO of fixed income, as saying. "But the bulk of this progress is behind us now and inflation may remain stubbornly sticky near current levels for a time."
Gold finished the week about flat from where it began at US$2,646.63.
Incoming President Donald Trump caught the attention of resource sector investors this week with his promise of "fully expedited approvals and permits" for people or companies that invest at least US$1 billion in the US.
Trump announced the news on his social media platform Truth Social, but so far has provided little in the way of specifics. Even so, mining industry participants have taken the news as a positive sign that builds on his nominations of Chris Wright and Doug Burgum, who respectively will run the departments of energy and the interior.
Speaking recently to the Investing News Network, Chris Temple of the National Investor emphasized the importance of Burgum's appointment. Here's how he explained it:
"Not only is Burgum going to run the interior department, he is going to be a 'super czar,' if you will, who will oversee energy, and the (Environmental Protection Agency), and the interior department and the agencies — all of those who have got anything to do ... with permitting, with environmental issues, with all of these different things — not just for energy, but for metals, for mining and all of that.
Last but most important is that Burgum will be on the president's National Security Council ... So Burgum is going to have a much, much, much larger role in all of this than has been reported."
M&A activity was in the air in the gold space once again this week as Agnico Eagle Mines (TSX:AEM,NYSE:AEM) announced plans to acquire O3 Mining (TSXV:OIII,OTCQX:OIIIF) in a friendly takeover deal.
The all-cash offer of C$1.67 per share represents a 58 percent premium to O3's closing share price on Wednesday and values the company at C$204 million. Agnico said in a press release that it expects O3's Marban Alliance project to complement its Canadian Malartic complex, a major gold operation located in Québec, Canada.
"The all-cash offer at a significant premium to market is an excellent outcome for our shareholders and is validation of the efforts made by the O3 Mining team" — José Vizquerra, O3 Mining
The deal was structured as a tender offer due to an ongoing Canada Post strike, meaning it doesn't require a shareholder vote at O3. Shares of O3 climbed substantially after the news and were up about 60 percent for the week.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Speaking to the Investing News Network, Lawrence Lepard, managing director at EMA, voiced his thoughts on the outlook for gold and Bitcoin as the debt doom loop intensifies in the US.
"I call it a doom loop — it's a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, 'Okay, this isn't going to work. We are going to institute yield curve control or QE, or we're going to buy the bonds,'" he explained on the sidelines of the New Orleans Investment Conference.
Lepard believes it's important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.
"I fully expect Bitcoin's going to go to US$200,000, and I fully expect gold's going to go to US$5,000 (per ounce) in the next couple of years," he said. "All the suffering gold stock holders out there ... we're going to be very pleasantly surprised."
Watch the interview above for more from Lepard on gold and Bitcoin, as well as silver. You can also click here to view the Investing News Network's New Orleans Investment Conference playlist on YouTube.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Chris Temple, founder, editor and publisher of the National Investor, outlined the main factors he sees impacting the gold price heading into 2025, saying the yellow metal will undoubtedly move higher.
In his view, its rise will come as market participants realize how many problems the US economy is facing.
"I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we're going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we've seen," Temple explained.
Aside from gold, Temple spoke about natural gas and uranium, his other two favorite commodities in the near term.
He also discussed the potential implications of Donald Trump's second presidency, saying it will be key to watch how he develops the US' relationship with China, especially as the Asian nation grapples with internal problems.
"This is the most important thing that consumers and investors and policy makers need to watch in 2025 — is Trump smart on how he deals with all of this and rebuilds our own industries to compensate for years down the road? Or is he going to be ham-fisted about it and cause more problems than he solves?" Temple questioned.
Watch the video above for more from Temple on what's to come in 2025.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
The World Gold Council (WGC) has released its 2025 gold outlook, highlighting various macroeconomic factors, geopolitical risks and central bank activity as pivotal forces influencing demand and prices.
While 2024 saw gold achieve a stellar performance with a 28 percent annual increase, the outlook for 2025 is characterized by a mix of opportunities and challenges stemming from both global and regional developments.
The yellow metal has benefited from its historical role as a hedge against uncertainty, but the WGC forecasts that its performance next year will depend on other key variables as well.
Looking back at 2024, the WGC outlines multiple factors that drove gold's strong performance.
For instance, central bank demand reached significant levels, underscoring the metal's enduring role as a safe-haven asset. Central banks have now been net buyers of gold for nearly 15 years.
Meanwhile, investor interest surged amid geopolitical instability and market volatility, particularly in the third quarter, when western investors returned to the market, driven by lower yields and a weakening US dollar.
Asian demand, a critical component of the gold market, played a supportive role in the first half of the year.
Indian demand was buoyed by favorable policy changes, including a reduction in import duties, while Chinese investors turned to gold amid concerns about economic growth.
Heading into 2025, the complex global economic picture is creating uncertainty for gold.
In the US, Donald Trump is expected to introduce policies that stimulate domestic economic growth during his second term as president, potentially driving risk-on sentiment in the short term. However, these policies could also create inflationary pressures and disrupt supply chains, leading investors to seek the stability of assets like gold.
Central banks, including the US Federal Reserve, are anticipated to continue cutting interest rates. Market consensus suggests the Fed will cut by 100 basis points in 2025, with similar actions expected in Europe.
The WGC forecasts in its report that a dovish monetary policy environment could be supportive for the gold price, particularly if inflation remains above target levels. On the other hand, any reversal in monetary policy or a prolonged pause in rate cuts could present challenges for gold, as higher opportunity costs may deter investors.
Similarly, subdued economic growth could limit consumer demand, particularly in Asia, where gold plays a dual role as an investment and a cultural staple.
In 2025, the WGC predicts that Asia will remain a cornerstone of the global gold market. The continent accounts for over 60 percent of annual demand, excluding central bank activity.
Chinese consumer demand, which has been relatively muted, is likely to hinge on the country’s economic policies and growth trajectory. Trade tensions and domestic stimulus measures could sway demand either way, while gold may face increased competition from alternative investment avenues such as equities and real estate.
For its part, India is better positioned to sustain gold demand. With economic growth projected to remain above 6.5 percent and a smaller trade deficit compared to other US trading partners, the WGC believes Indian consumers are likely to continue purchasing gold both for investment and cultural purposes.
Central bank activity will remain a critical driver for gold in 2025. While demand may not reach the heights of recent years, it is expected to surpass long-term averages, providing a consistent source of support for the market.
Central bank purchases are influenced by geopolitical risk, sovereign debt levels and portfolio diversification. These drivers are unlikely to wane, ensuring that central banks will continue to play a stabilizing role in the gold market.
However, any significant deceleration in central bank demand could exert downward pressure on the gold price, particularly if combined with other bearish factors such as higher interest rates or reduced investment flows.
Overall, the WGC predicts that in 2025 the gold market is likely to be shaped by the interplay of four primary drivers: economic expansion, risk, opportunity cost and momentum.
Economic growth, though expected to remain positive, will likely be below trend, limiting the scope for consumer demand growth. Geopolitical risks, including ongoing tensions in regions like South Korea and Syria, may prompt investors to increase their allocations to gold as a hedge against uncertainty.
The opportunity cost of holding gold, determined by interest rates and yields, will be a critical factor. Lower rates should support gold, but any unexpected tightening of monetary policy could dampen investment demand.
Finally, market momentum, influenced by technical factors and investor sentiment, will play a role in determining gold’s short-term performance. A strong start to the year, fueled by initial risk-on sentiment, could pave the way for a more stable or even bullish trajectory, provided macroeconomic conditions remain favorable.
Market consensus suggests gold will remain rangebound in 2025, potentially seeing modest gains.
However, the WGC reminds investors that the market is not without risks. A rapid deterioration in financial conditions, unexpected geopolitical developments or a sharp rise in central bank demand could provide upside surprises.
Conversely, a reversal in monetary policy or subdued demand from key markets could cap gold’s performance.
Either way, both investors and analysts will closely monitor developments related to the key regions and variables mentioned to gauge the direction of the gold market this coming year.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Following the completion of its acquisition of Alto Metals, Brightstar Resources (ASX:BTR) plans to conduct 50,000 metres of reverse-circulation and diamond drilling, beginning next year, at Alto Metals' approximately 900 square kilometre Sandstone gold project in Western Australia.
In an interview with the Investing News Network, Brightstar Managing Director Alex Rovira outlined the next steps for merging Alto Metals with Brightstar’s assets and the strategy for moving forward.
“From an exploration perspective … it's really focusing on the Sandstone package. We will do near-mine brownfields exploration at our Menzies and Laverton gold projects. And really, the aspiration there is to take a number of those mines toward development decisions,” he said.
Brightstar’s Alto Metals acquisition is one of an increasing number of mergers and acquisitions within the gold space in recent years, fueled by a strengthening gold price and a desire to boost gold production.
In 2024 alone, Brightstar has acquired three companies — Linden Gold, Gateway Mining and Alto Metals — boosting the company’s gold resources and bringing it closer to production.
Rovira added that Brightstar’s global resources have grown from 400,000 ounces to 3 million ounces to date through a combination of M&A and resource exploration.
“For us in our business, it made a lot of sense to conduct some of this M&A, because it was almost cheaper at times to be acquiring ounces than it was to raise the money and explore for them. So we managed to consolidate a number of mispriced or undervalued opportunities in Western Australia,” he said.
Rovira offered his insight on the trend of increasing M&A in the gold sector, calling Northern Star Resources' (ASX:NST,OTC Pink:NESRF) planned US$5 billion acquisition of De Grey Mining (ASX:DEG,OTC Pink:DGMLF) a “win-win.”
“What that does is it frees up capital in the sector so investors can monetise those positions and they can look to reinvest that in other gold-mining companies. So it is good for liquidity, it's good for investors (and) ultimately for the companies as well. It provides access to capital whether there's operational synergies, different teams coming in and looking at different projects,” Rovira said.
Watch the full interview with Alex Rovira, managing director of Brightstar Resources, above.
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