Heritage Mining Congratulates Neighbouring Treasury Metals Inc. on Combination Transaction with Frank Giustra Backed Deal

Heritage Mining Congratulates Neighbouring Treasury Metals Inc. on Combination Transaction with Frank Giustra Backed Deal

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā 
Ā Ā Heritage Mining Ltd.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

Ā  NOT Ā  INTENDED Ā  FOR Ā  DISTRIBUTION Ā  TO Ā  UNITED Ā  STATES Ā  NEWS Ā  WIRE Ā  SERVICES Ā  OR Ā  FOR DISSEMINATION IN THE UNITED STATES Ā 

Ā 

VANCOUVER, BC TheNewswire - May 8, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or theĀ " Company ") is pleased to congratulate Treasury Metals Inc. (" Treasury ") on its recently announced business combination transaction with Blackwolf Copper and Gold Inc. (" Blackwolf "). The Company believes this is a significant vote of confidence to one of the last underdevelopment greenstone belts in Northwestern Ontario, Canada.

Ā 

Ā  Select Transaction Highlights & Comments Ā Ā Ā  1 Ā Ā Ā 

Ā 
  • Ā 

    Potential Near-Term Gold Production at Treasury's Goliath Gold Complex Project

    Ā 

  • Ā 
  • Ā 

    Strong Financial Position: The balance sheet of the combined entity will be fortified with a combined cash position of more than C$10 million, plus a proposed concurrent minimum C$4 million flow-through financing.

    Ā 
  • Ā 
  • Ā 

    Enhanced Capital Markets Focus: New capital markets strategy to be led by cornerstone investor Frank Giustra complements significant expertise in mine permitting, construction, operations, and exploration to create value for shareholders.

    Ā 
  • Ā 
  • Ā 

    Renewed Exploration Commitment: Exploration efforts are expected to be intensified within the Dryden, Ontario district, focusing on expanding the current resource area. An experienced team will oversee these efforts, aiming to simultaneously advance development and exploration, maximizing dual-track value realization.

    Ā 
  • Ā 
  • Ā 

    Growth and Consolidation Strategy: The companies are actively pursuing a proactive strategy to assess and undertake strategic acquisitions, aiming to accelerate growth and strengthen its industry position.

    Ā 
  • Ā 

Frank Giustra, Blackwolf's largest shareholder and expected largest shareholder of the combined company, stated: "This is a strong transaction for Blackwolf and Treasury shareholders that puts the company on the path of a buy and build strategy that I have implemented many times. We see the GGC Project as buildable and expandable on a district scale. I look forward to continuing to be a supportive shareholder and am excited to join the team as a Strategic Advisor."

Ā 

Ā  "There has been growing interest in the belt over the last two years now hosting some the most world renowned mining icons in the world (Figure 1). Frank Giustra as a large shareholder to the combined entity confirms we are in the right place and we'd like to welcome Frank Giustra to the District. Ā 

Ā 

Ā  Our Flagship Property has significant exploration potential with 30 kilometers of underexplored strike in a geologic setting that is shared with Treasury Metals' Goliath Gold Complex project in a highly active gold belt that also hosts Rainy River's New Gold mine and other deposits. The geological models and exploration methods that have successfully proven up over 14 million ounces of gold at Treasury, New Gold, and other projects in the region since the 1990s have yet to be systematically applied at Black Lake – Drayton. Ā 

Ā 

Ā  We intend to do just that and look forward to developing our flagship project in a systematic manner with Ā  updates coming soon" Commented Peter Schloo, President, CEO and Director. Ā 

Ā 

Ā Ā Ā Ā 
Click Image To View Full Size
Ā 

Ā 

Ā  Figure 1: HML – Regional Geologic Setting Ā 

Ā 

Ā Ā Ā Ā 
Click Image To View Full Size
Ā 

Ā 

Ā  Figure 1: HML – DBL Project Area Ā 

Ā 

Ā  ABOUT Ā  HERITAGE Ā  MINING Ā  LTD. Ā 

Ā 

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure. Ā 

Ā 

For further information, please contact: Ā 

Ā 

Ā  Heritage Ā  Mining Ā  Ltd. Ā 

Ā 

Peter Schloo, CPA, CA, CFA

Ā 

President, CEO and Director

Ā 

Phone: (905) 505-0918

Ā 

Email: Ā  peter@heritagemining.ca Ā Ā 

Ā 

Ā  FORWARD-LOOKING Ā  STATEMENTS Ā 

Ā 

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Ā 

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law. Ā 

Ā 

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

Ā 

Ā Ā  1 Ā Ā  Source: Treasury Metals Inc.'s Press Release dated May 2, 2024 Treasury Metals and Blackwolf to Create New Growth-Focused North American Gold Platform" Ā 

Ā 

Copyright (c) 2024 TheNewswire - All rights reserved.

Ā 

News Provided by TheNewsWire via QuoteMedia

HML:CC
Heritage Mining

Heritage Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Heritage Mining (CSE:HML)

Heritage Mining


Keep reading...Show less

District-Scale Opportunities with Historically Promising Assets

Heritage Mining Provides Corporate Update

Heritage Mining Provides Corporate Update

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā 
Ā Ā Heritage Mining Ltd.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

Ā  NOT Ā  INTENDED Ā  FOR Ā  DISTRIBUTION Ā  TO Ā  UNITED Ā  STATES Ā  NEWS Ā  WIRE Ā  SERVICES Ā  OR Ā  FOR DISSEMINATION IN THE UNITED STATES Ā 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Intersects ~46 Metre Quartz-Sulfide Vein in second Hole at Zone 3 Extension

Heritage Intersects ~46 Metre Quartz-Sulfide Vein in second Hole at Zone 3 Extension

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā 
Ā Ā Heritage Mining Ltd.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

Ā  Widest Vein Ever Intersected at Drayton-BlackĀ Lake Ā 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Closing of Strategic Investment

Heritage Mining Announces Closing of Strategic Investment

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā 
Ā Ā Heritage Mining Ltd.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

Ā 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Encouraging Gold Results from New Millennium Drill Program and provides Exploration Update and Strategic Investment

Heritage Mining Announces Encouraging Gold Results from New Millennium Drill Program and provides Exploration Update and Strategic Investment

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā 
Ā Ā Heritage Mining Ltd.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

Ā  NOT Ā  INTENDED Ā  FOR Ā  DISTRIBUTION Ā  TO Ā  UNITED Ā  STATES Ā  NEWS Ā  WIRE Ā  SERVICES Ā  OR Ā  FOR DISSEMINATION IN THE UNITED STATES Ā 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Mining Ltd. Announces Closing of the Second and Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Units

Heritage Mining Ltd. Announces Closing of the Second and Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Units

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā 
Ā Ā Heritage Mining Ltd.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

Ā  NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Ā 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Forte Minerals Secures C$5.7 Million Strategic Investment to Advance Alto Ruri Project

Forte Minerals Secures C$5.7 Million Strategic Investment to Advance Alto Ruri Project

Ā 

"Not for distribution to United States newswire services or for dissemination in the United States."

Ā 

Forte Minerals Corp . (" Forte " or the " Company ") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce a non-brokered private placement with a strategic investor (the " Investor "), who will acquire 6,326,066Ā common shares at a price of C$0.90 per share for gross proceeds of approximately C$5,693,459 (theĀ " Strategic Placement "). Upon closing of the Strategic Placement, the Investor will own 9.99% of Forte's issued and outstanding common shares on a non-diluted basis, establishing a meaningful long-term position in Forte's growth and exploration strategy.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Noble Mineral highlights Mann Central Nickel Sulphide Initial Resource as announced by Canada Nickel

Noble Mineral highlights Mann Central Nickel Sulphide Initial Resource as announced by Canada Nickel

Ā 

(TheNewswire)

Ā 
Ā Ā Ā Ā Ā Ā Ā 
Ā Ā Noble Mineral Exploration Inc.Ā 
Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 
Ā 

TORONTO, July 16, 2025 TheNewswire - Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB,OTC:NLPXF) (OTCQB: NLPXF) is pleased to announce the initial mineral resource at Mann Central as announced by its joint venture partner Canada Nickel in the East Timmins Nickel Company, operating in the Timmins area of Northern Ontario.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION

WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION

Ā 
Ā 

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to provide an update on its Environmental and Socio-economic Effects Statement ("ESE Statement") submission for the Casino Project (the "Project").

Ā 
Ā 

Ā Ā Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)Ā 

Ā 

The ESE Statement incorporates extensive technical work, including environmental and socio-economic baselines studies and assessments. Western is pleased with the progress to date and the level of consultation achieved thus far with First Nations and communities. The feedback from this engagement is making the Project stronger, and we look forward to continuing and intensifying these efforts during the assessment process. The Company expects to deliver its ESE Statement to the Yukon Environmental and Socio-economic Assessment Board ("YESAB") before the end of October.

Ā 

"The Western team and our external consultants have been working diligently on the Project ESE Statement" said Sandeep Singh , President & CEO. "There is an incredible amount of work that has already gone into the Project. We are now in the final stages of compiling and refining this body of work into our submission.

Ā 

The Company is the first to undertake a Panel Review in the Yukon , the highest level of rigor of any project assessed in the territory. We welcome that oversight and believe, more than ever, that the Project can be advanced sustainably and for the benefit of all Yukoners.

Ā 

As one of Canada's largest and most advanced critical minerals projects, we are uniquely positioned to benefit from Yukon and Federal priorities around resource security, Arctic sovereignty, and nation-strengthening infrastructure."

Ā 

Ā  ABOUT western copper and gold corporationĀ Ā 

Ā 

Ā western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

Ā 

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

Ā 

For more information, visit www.westerncopperandgold.com .

Ā 

On behalf of the board,

Ā 

Ā  "Sandeep Singh" Ā 

Ā 

Ā  Sandeep Singh Ā 
President and CEO
western copper and gold corporationĀ 

Ā 

Ā Ā  Cautionary Note Regarding Forward-Looking Statements Ā Ā 

Ā 

Ā  This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the timing of the ESE Statement submission and expectations about the assessment process. Ā 

Ā 

Ā  Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents. Ā 

Ā 

Ā  Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document. Ā 

Ā 

Ā  Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law. Ā 

Ā 

Ā Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-provides-update-on-ese-submission-302504836.html Ā 

Ā 

SOURCE western copper and gold corporationĀ 

Ā 

Ā 

Ā 

Ā Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/15/c9794.html Ā 

Ā 
Ā 

Ā 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District

Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District

Sun Summit Minerals Corp.Ā (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its ongoing project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia (the "JD Project"). Drilling has now commenced with over 5,000 meters of drilling planned.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Domestic Metals Extends Non-Brokered Private Placement

Domestic Metals Extends Non-Brokered Private Placement

Ā 

Ā  **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** Ā 

Ā 

TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) reports that, pursuant to their news release dated May 27, 2025, they have requested a 30-day extension to the non-brokered private placement (the "Placement"). The terms of the Placement remain the same. The Company confirms there are no material changes.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Heritage Mining

Heritage Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

Ɨ