Latest news with #CascadiaMinerals
Globe and Mail
04-07-2025
- Business
- Globe and Mail
Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Units of Cascadia Minerals Ltd.
Toronto, Ontario--(Newsfile Corp. - July 4, 2025) - Michael Gentile announces that he has filed an early warning report (the " Report") announcing the acquisition (the " Acquisition") of an aggregate of 1,785,714 units (the " Units") in the capital of Cascadia Minerals Ltd. (the " Company"). Each Unit was comprised of one common share (each, a " Common Share") in the capital of the Company and one Common Share purchase warrant (each, a " Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.24 per Common Share until the date that is two (2) years from the date of issuance. Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 4,720,500 Common Shares and 2,974,300 Warrants, representing approximately 6.66% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 10.42% of the Company's issued and outstanding Common Shares on a partially diluted basis. Following the completion of the Acquisition, Mr. Gentile beneficially owns and controls, directly or indirectly, an aggregate of 6,506,214 Common Shares and 4,760,014 Warrants, representing approximately 8.95% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 14.55% of the Company's issued and outstanding on a partially diluted basis. The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (514) 591-4227.
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Cascadia Announces Closing of Financing
VANCOUVER, BC , July 3, 2025 /CNW/ - Cascadia Minerals Ltd. (" Cascadia") (TSXV:CAM) (OTCQB:CAMNF) is pleased to announce that it has oversubscribed and closed its previously announced non-brokered private placement (the " Placement") for total proceeds of C$2,274,385 , in conjunction with Cascadia's planned acquisition of Granite Creek Copper Ltd. (the " Transaction"), see news release dated June 9, 2025 for more details. The Placement was oversubscribed by 174,180 subscription receipts. The Placement consisted of the sale of: (a) 14,459,894 subscription receipts (" Subscription Receipts") at a price of $0.14 per Subscription Receipt for gross proceeds of C$2,024,385 ; and (b) 1,785,714 units (" Cascadia Units") at a price of C$0.14 per Cascadia Unit for gross proceeds of C$250,000 . Each Subscription Receipt entitles the holder to receive at the effective time of the Transaction one unit of Cascadia consisting of one Cascadia share and one common share purchase warrant (a " Warrant"). Each Warrant will entitle the holder thereof to purchase an additional Cascadia share at a price of $0.24 per share for a period of two years following the date of issuance of the Warrant. The Cascadia Units also consist of one Cascadia share and one common share purchase warrant having the same terms as the Warrants forming part of the units underlying the Subscription Receipts. The proceeds from the sale of the Subscription Receipts will be held in escrow pending the closing of the Transaction. If the closing of the Transaction has not completed by August 29, 2025 , the Subscription Receipts will be cancelled and the escrowed proceeds returned to the subscribers. Cascadia will use the proceeds of the Placement to pay expenses associated with the Transaction and to conduct exploration on the Carmacks Project. Cascadia will pay cash finders' fees totalling $90,623 and issue a total of 647,308 finder warrants (" Finder Warrants") in connection with the financing, with such fees to be paid and warrants to be issued at the closing of the Transaction. Each Finder Warrant shall be exercisable into one common share of Cascadia for a period of 24 months from issue, at an exercise price of $0.24 per Finder Warrant. The Cascadia shares and warrants comprising the Cascadia Units and any Cascadia shares issuable upon the exercise of these warrants are subject to a hold period in Canada until November 4, 2025 . The Subscription Receipts are also subject to a hold period in Canada which ends on November 4, 2025 , but the Cascadia shares and Warrants issuable upon the conversion of the Subscription Receipts at the effective time of the Transaction and any Cascadia shares issued on the exercise of the Warrants will not be subject to a resale hold period in Canada . Insiders of Cascadia purchased a total of 1,071,429 Subscription Receipts and 1,785,714 Cascadia Units in the private placement. The participation of insiders in the private placement constitutes a related party transaction, within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). Cascadia has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the Placement did not exceed 25 per cent of Cascadia's market capitalization. About Cascadia Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. Cascadia and Granite Creek Copper Ltd. recently announced a merger, whereby Cascadia will acquire all outstanding shares of Granite Creek by way of a plan of arrangement (see news release dated June 9, 2025 ). Granite Creek's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada . The project is located south of and within 35km of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ( $230.5 M Post-Tax NPV (5%) and 29% Post-Tax IRR). QA/QC The technical information in this news release has been approved by Andrew Carne , VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024 , and July 19, 2023 . The Mineral Resources disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper, and have not been independently reviewed by Cascadia. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75 /lb copper, US $1,800 /oz gold, and US $22 /oz silver at an exchange rate of $1 : US$0.75 . For more details on the economic analysis, refer to the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. On behalf of Cascadia Minerals Ltd. Graham Downs , President and CEO 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 NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
Globe and Mail
24-06-2025
- Business
- Globe and Mail
CEO.CA's Inside the Boardroom: Cascadia Minerals and Granite Creek Copper Announce Merger to Lead Copper-Gold Exploration in Yukon
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - (" the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers. Founded in 2012, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies. As a media partner at investor events around the world, provides coverage of the companies shaping the future of mining, meeting with industry leaders to learn more about their vision and strategy. Meet the Executives Shaping the Mining Landscape We caught up with Andrew Carne, VP of Corporate Development at Cascadia Minerals Ltd. (TSXV: CAM) to review the company's acquisition of Granite Creek Copper and their road-accessible Carmacks Project. The combined company positions itself as a leading Yukon copper-gold explorer with expansion drilling planned for fall 2025, including follow-up on high-grade intercepts of 105.52 m of 0.96% copper. Cascadia Minerals Cannot view this video? Visit: Tune into 'Inside the Boardroom' each week and be part of the conversation that's shaping the business landscape. Visit or our YouTube page for hundreds more executive interviews from here. Interested in showcasing your company on 'Inside the Boardroom'? Get in touch with our team at sales@ for further details and opportunities. About The leading community for investors & traders in junior resource & venture stocks. is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at to set up your free account. is a wholly owned subsidiary of EarthLabs, Inc. For further information please contact: Email: hello@ Website: Neither the TSX Venture Exchange ("TSXV"), OTC Best Market "(OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement The information regarding any issuer contained or referred to in any interviews conducted by has been furnished by such issuer directly, and neither nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Yahoo
10-06-2025
- Business
- Yahoo
Cascadia to acquire Granite Creek Copper, enhancing copper-gold exploration in Yukon
Canadian junior mining company Cascadia Minerals has entered a definitive arrangement agreement to acquire all issued and outstanding shares of Granite Creek Copper. The companies will merge to create a copper-gold exploration and development company combining Granite Creek's advanced Carmacks Project with Cascadia's copper-gold exploration projects portfolio across the Stikine Terrane in Yukon, Canada. Under the agreement, Granite Creek shareholders will receive a 48% premium based on the company's recent average trading price, with each Granite Creek share exchanged for 0.25 of a Cascadia share. The Cascadia shares are valued at C$0.04 ($0.029) per Granite Creek share. Upon completion, Cascadia shareholders will hold a 59% interest, while Granite Creek's will have 41% of the combined company. Cascadia will be well-financed with approximately C$2.5m in cash to fund ongoing work on the combined property portfolio. Granite Creek CEO and president Tim Johnston said: 'This merger is a logical next step for both companies and will result in a combined entity with a robust portfolio of projects that will be positioned for success in these strong copper and gold markets. I look forward to remaining involved with Cascadia and moving the Carmacks Project forward towards development.' The Carmacks Project, a high-grade copper and gold exploration and development site, is a key asset in the deal, offering strong resource potential and positive economic forecasts. The project is strategically located within the Minto Copper Belt, known for its significant copper-gold-silver deposits. The project's proximity to the past-producing Minto mine and access to infrastructure enhances its value. Cascadia CEO and president Graham Downs said: 'The Carmacks Project provides a strong foundation of road-accessible resources in a safe jurisdiction. Our team is confident in the exploration potential around the main deposits and throughout the property. 'We look forward to building on the systematic work Granite Creek has conducted in recent years by growing near-deposit resources and exploring along trend toward the nearby Minto deposit to the north. Planning is already under way for a fall drill programme at Carmacks, while work advances in parallel at our Catch Property and other discovery-stage Yukon Stikine projects.' The terms of the transaction require approval from Granite Creek shareholders and option holders, with a special meeting expected in July 2025. Regulatory approvals, including from the TSX Venture Exchange, are also necessary for the deal to close. In conjunction with the transaction, Cascadia is conducting a non-brokered private placement to raise up to C$2.25m. The funds will be used for exploration on the Carmacks Project and to cover transaction-related expenses. Cascadia has also agreed to provide Granite Creek with a bridge loan of C$375,000 to cover transaction costs. Additionally, Granite Creek plans to settle debts with TruePoint Exploration and a royalty holder through a shares for debt transaction, subject to TSX Venture Exchange approval. In October 2024, Stillwater Critical Minerals signed a letter of intent with Granite Creek Copper to finalise a definitive agreement to divest a 90% stake in the Duke Island project in Alaska, US. "Cascadia to acquire Granite Creek Copper, enhancing copper-gold exploration in Yukon" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
15-05-2025
- Business
- Globe and Mail
CEO Clips - Cascadia Minerals Opens New Copper-Gold Frontier in the Yukon
Cascadia Minerals is exploring uncharted copper-gold terrain in the Yukon's Stikine Terrane, with new high-grade discoveries and a fully funded drill program planned for This Matters Exploration company targeting untapped copper-gold potential in Canada's Stikine Terrane Cascadia Minerals is breaking new ground in a part of the Yukon that has seen little to no historical exploration—despite its geological similarities to British Columbia's prolific copper-gold belts. As one of the first companies to explore the Stikine Terrane in the Yukon, Cascadia is uncovering high-grade mineralization in areas that have been overlooked for decades. The company recently made a new copper-gold discovery just 10 kilometres from road and power access, reporting over 1,000 grams of gold per tonne at surface in some samples. Fully funded for its 2025 exploration campaign, Cascadia is preparing to drill this newly identified high-grade zone while advancing a pipeline of other early-stage targets across its broader land package in the Yukon and British Columbia. Key Takeaways First mover in Yukon's underexplored Stikine Terrane Exploring for copper and gold in the Yukon and BC New discovery with over 1,000 g/t gold in early surface samples Project located just 10 km from road and power access Fully funded and preparing to drill newly identified high-grade zones Full Transcript Cascadia Minerals is exploring in the Yukon and looking around in BC as well, primarily for copper and gold. We're kind of the first movers in the Yukon in what's called the Stikine Terrane, and that's Stikine Terrane is what hosts a major copper gold projects and mines in British Columbia. And nobody's ever really looked at it. Whereas we're the first people going in there. We found the cash project, and we're finding more new targets in areas where people have never even explored before in the history of the Yukon, or cash property is ten kilometers from the road and power, and we made a brand new discovery. We're finding over 1000 gram gold material on that target, which is spectacular. I've never seen that before in my life. You know, we're fully funded for a great program. We're going to drill that high grade amp zone in a couple of months. So we have a great pipeline of other projects coming online, and we actually have a lot going on. We're well funded and it's going to be a great year.
