Cartier Signs Agreement with Exploits Discovery To Option 100% of the Benoist, Fenton and Wilson Properties  

Cartier Signs Agreement with Exploits Discovery To Option 100% of the Benoist, Fenton and Wilson Properties  

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE:6CA) is pleased to announce the execution of an agreement (the ″ Agreement ″) with Exploits Discovery Corp. (CSE: NFLD) (″ Exploits ″) to option 100% of its interests in three groups of exclusive exploration rights, located in the Province of Québec, commonly referred to as: (a) the ″Wilson project″ located in Lebel-sur-Quévillon (the ″ Wilson Property ″); (b) the ″Fenton project″ located in Chapais (the ″ Fenton Property ″); and (c) the ″Benoist project″ located in Miquelon (the ″ Benoist Property ″), together the ″ Properties ″.

During the four-year option period, Exploits shall have the sole and exclusive right and option to earn a 100% interest (the ″ Option ″) by paying Cartier an amount aggregating $1,750,000 in cash, issuing Cartier an aggregate of 9,250,000 common shares of Exploits and incurring not less than $12,250,000 in expenditures on the properties. The Agreement is conditional on Exploits obtaining all necessary regulatory approvals under the policies of the Canadian Securities Exchange (CSE) in connection therewith. Within ten (10) business days of the effective date, Cartier will receive an amount of $200,000 in cash and 1,750,000 common shares of Exploits. All shares issued to Cartier under the Agreement will be subject to a statutory four (4) month hold period.

Upon due exercise of the Option in respect of any of the Properties, Cartier will retain a 2.0% net smelter returns (″NSR″) production royalty (each, a ″ Royalty ″) over the applicable Property(ies). One-half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $2,000,000 and the remaining half of the Royalty (1.0% NSR) will be redeemable at the election of Cartier for a cash payment of $20,000,000.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006, is an exploration company based in Val-d'Or. The Company's projects are all located in Québec, which consistently ranks among the world's top mining jurisdictions. Cartier is advancing the development of its flagship Cadillac project.

Cautionary Statement

Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law

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 Inc. Announces AGM Election Results

Cartier Resources Inc. Announces AGM Election Results

Cartier Resources Inc. (TSX-V: ECR) (" Cartier " or the " Company ") announces that at its annual general meeting of shareholders held on May 27, 2025, the following individuals were elected as directors of Cartier:

Name Votes for % For
Myrzah Tavares Bello 52,547,290 98.17
Philippe Cloutier 53,412,290 99.79
Mario Jacob 53,412,290 99.79
Alain Laplante 53,388,268 99.74
Daniel Massé 53,412,290 99.79
Manuel Peiffer 53,388,268 99.74


The stock option plan of the Company (the " Plan ") as described in the Management Information Circular dated April 24, 2025 (the " Circular ") was approved by the shareholders at the meeting. The maximum number of shares issuable under the Plan is to represent a maximum of 10% of the shares issued and outstanding from time to time (on a non-diluted basis). For further information, the Circular is available for consultation on SEDAR+.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
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
Leocor Mining Begins Summer Exploration Program at the Baie Verte Copper-Gold Project, Newfoundland

Leocor Mining Begins Summer Exploration Program at the Baie Verte Copper-Gold Project, Newfoundland

(TheNewswire)

Leocor Mining Inc.

Vancouver, British Columbia TheNewswire - June 04, 2025 - Leocor Mining Inc. (the " Company " or " Leocor ") (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focussed on the exploration and development of precious metals  projects in Eastern Canada, is pleased to announce it has commenced a soil sampling program at the Baie Verte project ("The Project") a 2,002-ha contiguous gold-copper exploration package located on the north central coast of the island of Newfoundland in the province of Newfoundland and Labrador, Canada, has been completed.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
LaFleur Minerals Provides Swanson Gold Deposit and Beacon Mill Restart Update to Produce Gold and Announces Investor Call on June 5

LaFleur Minerals Provides Swanson Gold Deposit and Beacon Mill Restart Update to Produce Gold and Announces Investor Call on June 5

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide the results of its recent exploration programs, including an update on its diamond drilling and bulk sampling plans at its district-scale Swanson Gold Project ("Swanson"), positioned in the prolific Abitibi Gold Belt (Figure 1). The Company is also fast-tracking the restart of its 100%-owned, 750 tonne per day ("tpd") Beacon Gold Mill ("Beacon") in Val-d'Or, Québec, and has received significant interest from several groups for the purpose of financing the mill restart as well as to offtake material and support the ramp-up to full production with the goal to be generating cash flow by early 2026.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property - Located in Central Utah

Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property - Located in Central Utah

triumph gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N6) ("triumph gold" or the "Company") is pleased to announce the acquisition of the Coyote Knoll Silver (Ag Gold (Au) Property, located in central Utah, approximately 40 km southwest of the prolific Tintic Mining District (Figure 1).

triumph gold has entered into an agreement to purchase the Coyote Knoll Silver-Gold property for the sum of $150,000USD and the issuance of one million common shares of the Company. Prior to one year from the date of purchase, one million common shares shall be issued to the seller; prior to two years from the date of purchase one million common shares will be issued; prior to three years from the date of purchase one million common shares shall be issued to the seller. Before four years from the date of purchase a three million dollar payment in cash or shares will be made to the seller.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Halcones Precious Metals Provides Update on Polaris Gold Project, Antofagasta Region Chile

Halcones Precious Metals Provides Update on Polaris Gold Project, Antofagasta Region Chile

Halcones Precious Metals Corp. (TSX V: HPM) (the "Company" or "Halcones") is pleased to provide an update on progress at its Polaris Gold Project (the "Project" or "Polaris"). Halcones' geologists continue field work at Polaris in preparation for the initial drill program at the Project. Recent work has been primarily focused on detailed structural and alteration mapping and fine tuning the geologic understanding of mineralization controls. This improved geological interpretation will guide the forthcoming drill program, which will be the first drilling by the Company at the Polaris Project.

Halcones' focus has been on the Northwest section of the North Zone. The North Zone demonstrates a dense concentration of high-grade, outcropping gold samples over an area of at least 400 m by 250 m with many assays above 10 g/t gold (figure 1). The Company is planning an initial drill program of 8 holes to test the continuity of this vein and stockwork hosted mineralization at depth. Drilling will target near-surface mineralization with the holes planned to a depth of approximately 130m below surface. Follow-up drilling will be planned based on results.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Pinnacle Reports High-Grade Gold-Silver on Surface and in Underground Workings at El Potrero Project

Pinnacle Reports High-Grade Gold-Silver on Surface and in Underground Workings at El Potrero Project

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA TheNewswire - June 2, 2025 (TSXV: PINN, OTC: NRGOF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that systematic sampling of the historic underground workings at the Pinos Cuates Mine on the El Potrero property in Durango, Mexico (see Figure 1) has resulted in the definition of a lens of high-grade gold and silver mineralization, with individual samples returning up to 37.3 gt gold (Au) and 346 gt silver (Ag).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

AngloGold Ashanti Agrees to the Sale of the Mineração Serra Grande Mine

AngloGold Ashanti plc ("AngloGold Ashanti", "AGA" or the "Company") has agreed to sell its interest in Mineração Serra Grande mine ("MSG") located in the state of Goiás, Brazil, to Aura Minerals Inc. ("Aura").

The Company will sell Mineração Serra Grande S.A. ("Sale"), which owns MSG to a Brazilian incorporated affiliate of Aura ("Purchaser") for the following consideration:

News Provided by Business Wire via QuoteMedia

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

×