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2 stories mentioning CAM.VUpdated 36d ago

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Mining & Metals

Cascadia Minerals Launches 15,000-Meter Drill Program at Carmacks Project in Yukon

Cascadia Minerals (CAM.V) has commenced a 15,000-meter diamond drilling program at the Carmacks copper-gold project in Yukon, the company said Monday.This is the largest diamond drill program on the property since 2007, according to Cascadia.Drilling will continue testing expansion of sulfide mineralization at the Carmacks deposit, including step-outs on key 2025 intersections, the company said.Cascadia will also initiate metallurgical and engineering studies to complete work necessary to prepare for a pre-feasibility study in 2028, the company said.Cascadia launched the campaign following a recently completed equity investment by Agnico Eagle (AEM.TO).

$AEM.TO$CAM.V
Mining & Metals

Cascadia Minerals Completes Private Placement With Agnico Eagle, Other Investors

Cascadia Minerals (CAM.V) on Thursday said it completed a non-brokered private placement with Agnico Eagle Mines (AEM.TO) and other investors, it said Thursday afternoon.The company sold two types of shares. It issued about 19.3-million subscribed units to Agnico Eagle at $0.26 each, raising about $5 million. It also sold 10-million critical minerals flow-through (CFT) units to other investors at $0.384 each, raising about $3.8 million.Proceeds from the sale of the subscribed units will be used for general working capital and to support the Carmacks project, and funds from the sale of the CFT units will be used for Canadian exploration expenses, the company added.After the closing of the offering, Agnico Eagle now owns about 29.3-million Cascadia shares and nearly 14.7 million warrants, for a 14.17% stake in the company.The company's shares closed down $0.02 to $0.32 on the TSX Venture Exchange.Price: $0.32, Change: $-0.02, Percent Change: -5.88%

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