Battery Metals

NEVADA SILVER CORPORATION ANNOUNCES BROKERED PRIVATE PLACEMENT OFFERING OF COMMON SHARES AND WARRANTS

NEVADA SILVER CORPORATION ANNOUNCES BROKERED PRIVATE PLACEMENT OFFERING OF COMMON SHARES AND WARRANTS

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES/

Nevada Silver Corporation (" NSC " or the " Company ") (TSXV: NSC) (OTCQB: NVDSF) is pleased to announce it has entered into an agreement with Cormark Securities Inc. (the " Agent "), acting as agent and sole bookrunner, in connection with a reasonable "best efforts" marketed offering of a minimum of 21,212,000 common shares (the " Common Shares ") in the capital of the Company and 21,212,000 warrants (the " Warrants ") and up to 30,303,000 Common Shares and 30,303,000 Warrants (the offer and sale of the Common Shares and Warrants collectively referred to as the " Offering "). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.25 per Common Share for a period of 24 months following the Closing Date (as herein defined). The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange is equal to or exceeds $0.30 per Common Share for a period of 20 consecutive trading days (an " Acceleration Event "). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event. The aggregate purchase price for one Common Share and one Warrant shall be $0.165 being $0.15 per Common Share (the " Common Share Offering Price ") and $0.015 per Warrant, to raise aggregate gross proceeds of a minimum of $3.5 million and up to $5.0 million .

The Offering will be conducted pursuant to the terms of an agency agreement to be entered into between the Company and the Agent on or prior to the Closing Date.

In connection with the Offering, the Agent will receive a cash commission equal to 7.0% of the gross proceeds of the Offering on closing of the Offering. In addition to the cash commission, the Agent will receive on closing of the Offering non-transferrable compensation options (the " Compensation Options ") equal in number to 7.0% of the aggregate number of Common Shares sold under the Offering, which will entitle the Agent to purchase Common Shares (the " Compensation Option Shares " and collectively with the Common Shares issued upon exercise of the Warrants, the " Underlying Shares ") at the Common Share Offering Price, which may be exercised at any time and from time to time for a period of two years following the Closing Date.

The Company intends to use the net proceeds from the Offering for working capital purposes and to fund the advancement and maintenance of the Company's Minnesota manganese project and Nevada silver projects.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (" NI 45-106 "), the Common Shares will be offered pursuant to the listed issuer financing prospectus exemption under Part 5A of NI 45-106 to residents of all Provinces and Territories of Canada (other than Quebec ). The Warrants will be offered to purchasers of Common Shares pursuant to the accredited investor exemption under Section 2.3 of NI 45-106 on the basis of one Warrant per Common Share. The Warrants and the Underlying Shares will be subject to the four-month hold period set out in National Instrument 45-102 – Resale of Securities .

The Offering is expected to close on or about December 21, 2022 (the " Closing Date ")  or such other date(s) as the Company and the Agent may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

There is an offering document related to the offering of the Common Shares that can be accessed under the issuer's profile at www.sedar.com and at https://nevadasilvercorp.com . Prospective investors should read this offering document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to "U.S. persons" (as that term is defined in Rule 902(k) of Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity resource company with two exploration projects in the USA . NSC's principal asset is the Corcoran Silver-Gold Project in Nevada . In addition, NSC has management and ownership rights over the Emily Manganese Project in Minnesota , which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.

Neither the 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 Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking statements in this news release include, but are not limited to, statements with respect to the terms of the Offering, the anticipated use of proceeds, the completion of the Offering and the estimated Closing Date. These statements address future events and conditions and so involve inherent risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market conditions and the ability to obtain all necessary regulatory approvals. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

SOURCE Nevada Silver Corporation

Cision View original content: http://www.newswire.ca/en/releases/archive/December2022/12/c8300.html

News Provided by Canada Newswire via QuoteMedia

NSC:CA
Nevada Silver

Nevada Silver


Keep reading...Show less
Nevada Silver Corporation Appoints Oliver Lennox-King as Chairman and Announces Other Board and Management Changes

Nevada Silver Corporation Appoints Oliver Lennox-King as Chairman and Announces Other Board and Management Changes

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company"), is pleased to announce that Mr. Oliver Lennox-King has been appointed to the NSC board as Non-Executive Chairman, with immediate effect, replacing Mr. John Kutkevicius who has held the position in an interim capacity since the summer of 2022.

Mr. Lennox-King has had a long and distinguished career in the mineral resource industry and has a wide range of experience in financing, research, and marketing. Since 1992 he has held senior executive and board positions with a number of junior exploration and mining companies. Most recently, Mr. Lennox-King was the Chairman of Roxgold Inc from 2012 until its acquisition by Fortuna Silver Mines Inc in July 2021. In addition to Roxgold, other notable Chairmanships included Pangea Goldfields, Aurora Uranium and Fronteer Gold, the latter until acquired by Newmont Mining Corp.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Silver Corporation Announces Closing of C$3.5 Million Private Placement Offering of Common Shares and Warrants

Nevada Silver Corporation Announces Closing of C$3.5 Million Private Placement Offering of Common Shares and Warrants

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC", or the "Company") is pleased to announce the completion of its previously announced reasonable "best efforts" marketed private placement (the "Offering"). A total of 21,212,000 common shares (the "Common Shares") were sold at a price of $0.15 per Common Share and a total of 21,212,000 common share purchase warrants (the "Warrants") were sold at a price of $0.015 per Warrant for combined gross proceeds of approximately $3.5 million. Each Warrant is exercisable to acquire one common share of the Company at a price of $0.25 per share until January 5, 2025. The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange is equal to or exceeds $0.30 per Common Share for a period of 20 consecutive trading days (an "Acceleration Event"). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Silver Corporation Announces Filing of Technical Report for Emily Manganese Project

Nevada Silver Corporation Announces Filing of Technical Report for Emily Manganese Project

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company"), further to its press release of November 23, 2022, confirms that it has filed pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects a technical report titled "North Star Manganese Inc. NI43-101 Technical Report, Resource Estimate on the Emily Property, Minnesota, USA" (the "Technical Report") in connection with the Emily Manganese Project in Minnesota, USA. The Technical Report was prepared by Brad M. Dunn, CPG, of Barr Engineering Company. The independent technical report has a signature date of December 5, 2022. The Technical Report is available on SEDAR at www.SEDAR.com and is posted on the Company's website at www.nevadasilvercorp.com.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Silver Corporation Plans Name Change to Reference Its Battery and Technology-Related Minerals Portfolio

Nevada Silver Corporation Plans Name Change to Reference Its Battery and Technology-Related Minerals Portfolio

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company") is pleased to announce plans for a corporate name change to "Electric Metals (USA) Limited" ("Electric Metals"). The Company feels that the change of name, which will be subject to all required regulatory, TSX Venture Exchange ("TSXV"), and shareholder approvals, will better reflect the entirety of its value proposition as a developer of battery and technology-related minerals, including its US manganese and silver properties.

NSC's CEO Gary Lewis commented, "our existing portfolio of assets includes the Emily Manganese Project in Minnesota, which contains a high-grade manganese deposit. We believe there is burgeoning domestic US demand for metals and materials essential to the operation of electric vehicles, rechargeable batteries, and other high-tech industries. As a result, a corporate name that only references the "silver" aspect of our operations is no longer appropriate for the Company."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Silver Corporation Announces Closing of North Star Manganese Financing

Nevada Silver Corporation Announces Closing of North Star Manganese Financing

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company") further to its press releases of 24th March 24, 2022, and 12th August 2022, is pleased to announce that it has closed the previously announced sale of securities of its indirectly wholly owned U.S.A. subsidiary, North Star Manganese Inc ("NSM"). NSM sold a total of 3,160,233 shares of NSM at a price of US$0.25 per share for gross proceeds of US$790,058.23 (the "NSM Financing"). As a result of the NSM Financing, the outstanding shares of NSM has increased to 33,160,233 shares of NSM common stock, with the Company's indirect shareholding reducing to approximately 90.5%.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that Phase 2 drilling has commenced at ACME's Clayton Valley Nevada lithium brine project. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albemarle's Silver Peak lithium deposit which has been in production since 1966 and is the only lithium producing region in the United States.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7776/152993_1cbf452d4411eb9a_002.jpg

Drilling at Clayton Valley, Nevada (Fig. 1)

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN) (OTCQB: AXVEF) ( Frankfurt : 338B ) is pleased to announce an updated on its successful investment in Noram Lithium Corp (TSXV: NRM) (OTCQB: NRVTF) (Frankfurt: N7R) as it announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights).

Highlights of the Updated Resource Estimate
  • An increase of 190% in Measured and Indicated ("M&I") lithium carbonate equivalent ("LCE") Resources from the August 2021 Mineral Resource Estimate.
    • M&I Resources increased to 5.17 million tonnes ("Mt") LCE (1, 034 Mt at 941 parts per million lithium ("ppm Li")) at a 400 ppm Li cut-off grade.
  • Substantial Inferred Resources remain from the 2022 Phase VI drill program.
    • Inferred Resources are 1.09 Mt LCE ( 235 Mt at 871 ppm Li) at a 400 ppm Li cut-off grade.
  • Near Surface = Low Strip Ratio. The majority of the deposit occurs at or near the surface, resulting in relatively low mining costs. Results from the Preliminary Economic Study ("PEA") 1 indicate that the life of mine strip ratio would be ~0.07:1 (waste:ore).
  • High level of confidence in the deposit modelled given the density of the drill program with 82 holes drilled to-date. All holes were core holes for more precise sampling and stratigraphic correlations.
  • High grade core (60 meters thick x 1.2 kilometers wide x 3.0 kilometers long) represents an opportunity for optimizing the mine plan. At a 1,200 ppm Li cut-off the Measured and Indicated Resources total 1.2 Mt LCE (169 Mt at 1,326 ppm Li).

"The updated mineral resource estimate, with 82 drill holes completed to-date, highlights that noram's Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent," stated Greg McCunn , noram's CEO. "The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a Prefeasibility Study."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit

Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit

noram lithium corp. (" noram " or the " Company ") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights

Highlights of the Updated Resource Estimate

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
LithiumBank Appoints Paul Matysek as Executive Chairman

LithiumBank Appoints Paul Matysek as Executive Chairman

LithiumBank Resources Corp. ( TSX-V: LBNK ) ( OTCQX: LBNKF) (" LithiumBank " or the " Company ") is pleased to announce the appointment of Mr. Paul Matysek as the Company's Executive Chairman.

Mr. Matysek's unique qualifications, experience and unprecedented string of successful transactions in the mining sector will create value for the Company as it now transitions from an exploration to development company of district scale direct brine lithium projects in North America. LithiumBank holds a dominant position of key brine reservoirs with a unique combination of scale, grade and exceptional flow rates that are necessary for a large-scale direct brine lithium production. LithiumBank is developing and de-risking several strategic projects in Alberta and Saskatchewan.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Options Multiple Spodumene-Bearing Pegmatites in Saskatchewan

Brunswick Exploration Options Multiple Spodumene-Bearing Pegmatites in Saskatchewan

Brunswick Exploration Inc. (TSX-V: BRW; " BRW " or the " Company ") is pleased to announce that it has executed a Letter of Intent to option a new highly prospective claim package, the Hanson Lake Project, located roughly 55 kilometers west of Creighton, Saskatchewan, within 2 kilometres from a major highway. This package contains four spodumene-bearing pegmatites hosted within a much larger pegmatite field, none of which has been drilled.

Mr. Killian Charles, President and CEO of BRW, commented: "The Hanson Lake Project confirms the potential for hard-rock lithium deposits in Saskatchewan and this addition to our portfolio strengthens the Company's presence in Western Canada. In Saskatchewan alone, with the addition of this project, we have now acquired over 180 outcropping S-type pegmatites that are minimum 500 meters in strike length, all of which have seen minimal or no exploration work. Detailed prospecting and trenching will commence in Q2 of this year to systemically evaluate the Hanson Lake Project and rapidly advance the known spodumene-bearing pegmatites towards the drill stage."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that, further to its news release on December 7, 2022, it has obtained conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the option agreement, as amended on January 16, 2023, (the "Option Agreement") entered into between Quebec Pegmatite Corporation ("QPC"), a majority-owned subsidiary of the Company, and Superior Mining International Corporation ("Superior"), whereby Superior has the option to earn a 100% interest in the Vieux Comptoir Lithium Property (the "Property"). Superior has made the initial deposit of $7,500 and confirmed it intends to exercise its Option.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×