FINWIRES · TerminalLIVE
FINWIRES

Martinrea Announcing TSX Approval of Normal Course Issuer Bid; Representing Approximately 10% of Public Float

By

Related Articles

Mining & Metals

J2 Metals Secures TSXV Approval for Sierra Plata Option Agreement

J2 Metals (JTWO.V) has secured TSX Venture Exchange approval for a definitive option agreement with Impact Silver (IPT.V) over the Sierra Plata silver-gold-antimony project in Mexico.The project forms part of a 2,203-hectare land package that includes five past-producing silver mines, making it a compelling asset amid high silver prices, J2 said.Under the terms, J2 has made an initial consideration of 1 million subscription receipts valued at C$250,000. The company must issue 1.5 million shares in year one, 2 million shares in year two and 3 million shares in year three.J2 can elect to pay up to 25% of the share consideration every year in cash.Impact will receive a 1.5% net smelter returns royalty on all minerals produced from the project, and J2 can halve the royalty for C$1.5 million.J2 can accelerate its acquisition of Sierra Plata by completing the payments and paying an additional $500,000 to Impact.

$IPT.V$JTWO.V
Mining & Metals

GoldHaven Resources Highlights Strategic Tungsten and Indium Exposure at Magno Project

GoldHaven Resources (GOH.CN) Chief Executive Rob Birmingham on Monday said that "global markets are increasingly recognizing the strategic importance of securing Western sources of tungsten and other critical minerals amid growing supply chain concerns."Its Magno project located in northern British Columbia hosts multiple tungsten-bearing skarn targets with values up to 6,550 parts per million (ppm) tungsten, the company said. It has also identified elevated indium values up to 334 ppm within zinc-rich mineralization."We believe Magno represents a district-scale critical minerals opportunity combining tungsten-bearing skarn systems, high-grade silver-zinc-lead CRD mineralization, and elevated indium values within one of Canada's premier mining jurisdictions," said Birmingham. "As we advance airborne geophysics, and 2026 drill targeting, we believe Magno continues to demonstrate the characteristics of a large-scale multi-phase mineralizing system with significant critical minerals potential."The company's 2026 exploration planning is currently underway including airborne geophysics and drill targeting.Shares of the company closed down 2.2% to $0.22 on Friday on the Canadian Securities Exchange.

$GOH.CN
Mining & Metals

Earnings Flash (AEP.V) Atlas Engineered Products Reports Q1 Revs C$9.3M, Down 16% YoY; Net Loss After Adjustments and Taxes $1.73M

$AEP.V