Cartier Announces Senior Leadership Changes as Part of a New Development Strategy

Cartier Announces Senior Leadership Changes as Part of a New Development Strategy

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE:6CA) informs that Mr. Gaétan Lavallière no longer assumes the duties of Vice-President of Cartier, effective today.

Mr. Philippe Cloutier, President and CEO, stated: ″On behalf of the Company, I would like to sincerely thank Mr. Lavallière for his professionalism and his many contributions he has made to Cartier over the years. Mr. Lavallière led the company transition from grassroots exploration to advanced brownfields exploration and development of the Chimo Mine project. He leaves us with a solid base to continue exploring and expanding the gold potential recently acquired along the Larder Lake - Cadillac Fault Zone. We wish Mr. Lavallière continue success in his future endeavors″.

Cartier will proceed with a reorganization of the current workload and seek candidates to fill the vacant position and contribute to execute Cartier's new development strategy.

2025 Outlook:
The Company's recent strategic planning session outlined an ambitious plan for continued exploration and development of its flagship Cadillac Project, focussed on growing the gold resources and testing the significant discovery potential along the prolific Larder Lake - Cadillac Fault Zone.

Five key elements comprise this new approach :

  • Apply innovative AI (Artificial Intelligence) exploration tools for target generation to complement recent high-grade gold discoveries.
  • Review of the current mineral resource estimate and geological interpretation to develop a value-based targeting and development approach at the property scale.
  • Reinterpret and promote the project merits within realm of recent gold price evolution.
  • Design of multi-stage and aggressive exploration drill programs (100,000 m).
  • Launch of key environmental baseline studies.

Additionally, and in line with the new strategy, the Company is undertaking a process to evaluate its non-core gold assets (Wilson, Fenton and Benoist), all proximal to the Windfall deposit recently acquired by Goldfields. Exploration work is on hold at these properties and Cartier is currently searching joint venture partners or buyers to maximize value creation.

The Company would like to remind the investment community and shareholders of its 2024 achievements , namely:

  • Completed the first 28,084 m exploration drilling program on the Cadillac property and significantly increased the upside of this land package (24,679 ha), with now a minimum of 10-km high-grade gold potential along the major Larder Lake – Cadillac Fault Zone.
  • Discovered and/or enhanced new shallow-priority gold areas as Blue Grass   (44.7 g/t Au over 0.5 m) and West Simon   (7.5 g/t Au over 4.6 m) : December 17, 2024 , VG9 (11.7 g/t Au over 4.0 m) and VG10 (173.6 g/t Au over 0.5 m) : December 3,   ,   2024 , Portal   (7.2 g/t Au over 8.0 m) : October 30, 2024 , North Contact (14.7 g/t Au over 4.3 m) : October 16, 2024 and East Bateman   (60.1 g/t Au over 0.5 m) : September 19, 2024 .
  • Strengthened the Board of Directors with two strategic and leadership appointments in the mining industry, including Manuel Peiffer as Independent Director and Alain Laplante as Independent Director as well as Chair of the audit committee.
  • Closed a hard-cash private placement of $487,432 and a flow-through private placement of $1,000,000 .

Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Senior Geologist, Project Manager and Geomatician, who is a ″Qualified Person″ as defined by National Instrument 43 -101 – Standards of Disclosure for Mineral Projects.

About Cartier Resources Inc.

Cartier Resources Inc. was founded in 2006 and is an advanced gold project exploration company based in Val-d'Or. The company's projects are all located in Quebec, which has consistently ranked as one of the world's best mining jurisdictions. Cartier is advancing the development of its flagship Cadillac Project.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ECR:CC
Cartier Resources

Cartier Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Cartier Resources (TSXV:ECR)

Cartier Resources

Keep reading...Show less

Advancing Cadillac Project: An emerging gold camp east of Val-d’Or in the prolific Abitibi Greenstone Belt

Cartier Resources Closes Offering with Paradigm Capital and Concurrent Offering for Aggregate Gross Proceeds of $11,398,596

Cartier Resources Closes Offering with Paradigm Capital and Concurrent Offering for Aggregate Gross Proceeds of $11,398,596

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Cartier Resources Inc. (TSX-V: ECR) (" Cartier " or the " Corporation ") is pleased to announce that it has closed its previously announced private placement with Paradigm Capital Inc. (the " Agent ") for aggregate gross proceeds of $8,395,176.11 (the " Offering ") through a combination of: (i) 27,473,627 units of the Corporation issued on a charitable flow-through basis qualifying as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the " Premium FT Units ") at $0.182 per Premium FT Unit for gross proceeds of $5,000,200.11; and (ii) 26,115,200 units of the Corporation (the " Hard Dollar Units ") issued at $0.13 per Hard Dollar Unit for gross proceeds of $3,394,976.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Cartier Resources Announces Subscription Agreement for Flow-Through Units Under Its Previously Announced Brokered Offering and Adjustments Further to Tax Measures Unveiled by the Quebec Minister of Finance

Cartier Resources Announces Subscription Agreement for Flow-Through Units Under Its Previously Announced Brokered Offering and Adjustments Further to Tax Measures Unveiled by the Quebec Minister of Finance

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Cartier Resources Inc. (TSX-V: ECR) (" Cartier " or the " Corporation ") announces the execution, on March 31, 2025, of an amending agreement (the " Amending Agreement ") further to the engagement letter dated March 20, 2025 between Paradigm Capital Inc. (the " Agent ") and the Corporation (the " Engagement Letter ") with respect to its previously announced "best efforts" private placement offering of securities of Cartier (the " Offering ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Cartier Resources Announces Private Placement of Flow-Through Units and Hard Dollar Units

Cartier Resources Announces Private Placement of Flow-Through Units and Hard Dollar Units

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

Cartier Resources Inc. (TSX-V: ECR) ("Cartier" or the "Corporation") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the "Agent") in connection with a "best efforts" private placement offering (the "Offering") of securities of Cartier for aggregate gross proceeds of up to $7,300,160, through a combination of: (i) 21,740,000 units of the Corporation issued on a charitable flow-through basis that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the "Premium FT Units") at $0.23 per Premium FT Unit for gross proceeds of $5,000,200; and (ii) 17,692,000 units of the Corporation (the "Hard Dollar Units") and, together with the Premium FT Units, the "Offered Securities") to be issued at $0.13 per Hard Dollar Unit for gross proceeds of $2,299,960.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Cartier Launches VRIFY's AI-Assisted Mineral Discovery Platform to Accelerate and Increase Mineral Discovery on the Cadillac Project

Cartier Launches VRIFY's AI-Assisted Mineral Discovery Platform to Accelerate and Increase Mineral Discovery on the Cadillac Project

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE:6CA) is pleased to announce it has launched the Artificial Intelligence (″AI″) Targeting Program on the Cadillac Project, in the Val-d'Or mining camp (Quebec). The program incorporates VRIFY's cutting-edge AI-Assisted Mineral Discovery Platform.

VRIFY uses advanced AI and proprietary algorithms to generate a prospectivity score — known as a VRIFY Prospectivity Score (VPS) — that identifies areas for potential of gold mineralization. The VPS and models generated through the AI-Assisted Mineral Discovery Platform incorporate probabilistic values, which help to determine the accuracy and reliability of the predictions.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Abcourt Intersects 24.3 g/t Over 1.9 m Including 41.9 g/t Over 0.6 m in the 785N Zone and Provides an Update on Its Sleeping Giant Activities

Abcourt Mines Inc. ("Abcourt" or the "Corporation") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to report new drilling results and an update on its activities at the Sleeping Giant mine.

In 2025, Abcourt completed 36 underground drill holes totaling 5,632 meters. Of these holes, seven target the 785N zone and the underlying areas for a total of 3,316 meters. This 785N zone is in a new sector to the east and at depth of the developed sectors of the mine. After releasing the results of two of these holes earlier this year, Abcourt is today releasing the results of two more holes, 78-888 and 78-890.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Dips, Markets Stay Flat as Fed Leaves Rates Unchanged​

The US Federal Reserve held its third meeting of 2025 from Tuesday (May 6) to Wednesday (May 7) against a backdrop of trade tensions, spurred on by the Trump administration's tariffs.

The central bank met analysts’ expectations by holding its benchmark rate in the 4.25 to 4.5 percent range.

Chair Jerome Powell said the Fed's dual mandate of maximum employment and stable pricing remains in balance, and noted that the US economy is solid. However, he also said that risks have risen and that there has been a sharp decline in consumer and expert sentiment due to the ongoing tariff situation.

Keep reading...Show less
Cartier Resources

Cartier Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×