Latest news with #Copper
Cision Canada
a day ago
- Business
- Cision Canada
CRESCAT INCREASES INVESTMENT AND CANTEX UPSIZES PRIVATE PLACEMENT TO $5 MILLION
KELOWNA, BC, July 22, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company"). Further to its news release of July 11, 2025, the Company is pleased to announce that, due to added interest, it has elected to increase the amount of its previously announced private placement to $5,000,000. All other terms remain the same. Cantex is pleased to announce that Crescat Capital has increased its participation in the placement to $800,000. The Company will be using the proceeds of the placement on its soon to commence summer drill program at North Rackla where the Company will be focused on expanding the mineralization at its zinc-lead-silver-germanium Massive Sulphide project and also testing new targets at the Copper project where previous drilling has intersected up to 7.32% copper (see news release of April 13, 2023). The Offering The Offering will be comprised of a combination of charity flow through units ("CFT units") and hard units ("Units") for total gross proceeds of $5,000,000. The CFT units will be priced at $0.21 per unit, with each CFT unit comprised of one flow through share and one non-flow through warrant. Units will be priced at $0.14 per unit, with each Unit comprised of one common share and one non-flow through warrant. Each whole warrant issued in connection with either a CFT unit or a Unit entitles the holder to acquire a non-flow through share at a price of $0.21 for a term of three years. The Offering is proposed to consist of 21,261,903 CFT units and 3,821,429 Units and remains subject to the acceptance of the TSX Venture Exchange. About Cantex Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150 kilometers northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 86,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.65 kilometers of strike length and at least 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Charles Fipke, C.M., the founder of Ekati, Canada's first diamond mine. The technical information and results reported here have been approved by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Mr Ulansky is the Company's President and CEO. Signed, Chad Ulansky Chad Ulansky President and CEO Neither 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. SOURCE Cantex Mine Development Corp.
Bloomberg
3 days ago
- Business
- Bloomberg
Iron Ore Surges With Steel as China Dam Project Boosts Outlook
Iron ore and steel climbed to a four-month high, as China's plan for a mega dam in Tibet bolstered the outlook for demand. The steel-making ingredient jumped as much as 2.9% in Singapore to approach $104 a ton, following a run of four weekly gains, while futures for reinforcement bar in Shanghai also surged to the highest level since March. On the London Metal Exchange, copper advanced.
Globe and Mail
5 days ago
- Business
- Globe and Mail
US Copper Corp Announces Upsize of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C73) (" US Copper" or the " Company") is pleased to announce that, further to the Company's press release dated July 14, 2025, US Copper has increased the size of its previously announced non-brokered private placement (the " Offering"). Pursuant to the upsize, the Offering now consists of aggregate gross proceeds of up to $1,250,000 comprised of up to 12,500,000 units at a price of $0.10 per unit (each such unit being comprised of one common share and one warrant). Each whole warrant will entitle the holder to purchase one common share for $0.15 at any time within 2 years after closing. All securities issued pursuant to this private placement will be subject to a four (4) month hold period. Completion of the Offering is subject to receipt of all required regulatory and TSX Venture Exchange approvals. The Company intends to use the proceeds of the Offering for general working capital purposes. For Further Information Contact: Mr. Stephen Dunn, President, CEO and Director, US Copper Corp (416) 361-2827 or email info@ 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 press release. This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "hopes", "anticipates", "expected to", "plans", "planned", "intends" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at Investors are cautioned not to place undue reliance upon forward-looking statements.
Globe and Mail
7 days ago
- Business
- Globe and Mail
Northisle Announces C$30 Million Financing
NorthIsle Copper and Gold Inc. (TSXV: NCX, OTCQX:NTCPF) ('NorthIsle' or the 'Company') is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. ('Paradigm') as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the 'Agents'), in connection with a 'best efforts' private placement financing (the 'Brokered Offering') for total proceeds of up to approximately $25,002,747, consisting of up to 9,338,000 common shares of the Company that qualify as 'flow-through shares' (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the 'CFT Shares') to be issued to subscribers at a price of $1.6065 per CFT Share, and up to 9,525,000 common shares of the Company (the 'Non-FT Shares' and together with the CFT Shares, the 'Offered Shares') at a price of $1.05 per common share. In addition, the Company has granted the Agents an option (the 'Agents' Option') to sell additional Offered Shares at the same issue prices for additional aggregate gross proceeds of up to $3,750,412, exercisable not later than 48 hours prior to the Closing Date (as defined below). The term 'Offering' includes the additional Offered Shares that may be issued on the exercise of the Agents' Option, if any. The Offering is anticipated to include participation from new and existing fundamental institutional investors and existing cornerstone shareholders. Concurrent to the Brokered Offering, the Company will conduct a non-brokered private placement of 4,762,000 Non-FT Shares at a price of $1.05 per common share to raise up to C$5,000,100 (the 'Non-Brokered Offering'). Wheaton Precious Metals Corp. has indicated its intention to subscribe in the Non-Brokered Offering subject to entering into a right of first refusal agreement with Northisle, to be negotiated in good faith, and certain other conditions. The Company will use an amount equal to the gross proceeds received by the Company from the sale of the CFT Shares to incur eligible 'Canadian exploration expenses' that qualify as 'flow-through critical mineral mining expenditures' as such terms are defined in the Income Tax Act (Canada) (the 'Critical Minerals Qualifying Expenditures'). The Company will incur the Critical Minerals Qualifying Expenditures on or before December 31, 2026, and renounce (on a pro rata basis) all such expenditures in favour of the subscribers of the CFT Shares with an effective date no later than December 31, 2025 in accordance with the Income Tax Act (Canada). The proceeds from the sale of the Non-FT Shares will be used for general corporate and working capital purposes as described in the offering document for the Offering. Closing is expected to occur on or about August 8, 2025, or other such date as the Company and the Agents may agree (the 'Closing Date'). The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange (the 'TSXV'). The Offered Shares will be offered for sale to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions ('NI 45-106') and in such other jurisdictions as may be mutually agreed upon by the Agents and the Company. The Offered Shares will not be subject a statutory hold period in Canada (except to the extent the TSXV's four-month hold period applies). There is an offering document related to the Offering that can be accessed under the Company's profile at and at Prospective investors should read this offering document before making an investment decision. The securities have not been, and will not be, registered under the Unites States Securities Act of 1933, as amended (the 'U.S. Securities Act'), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the Unites States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Northisle Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become a leading and sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle recently completed an updated preliminary economic assessment for the North Island Project and is now focused on advancement of the project through a prefeasibility study while continuing exploration within this highly prospective land package. For more information on Northisle please visit the Company's website at 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Cautionary Statements regarding Forward-Looking Information Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as 'may', 'should', 'anticipate', 'expect', 'intend' and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to the ability to complete the Offering on the proposed terms or at all, anticipated use of proceeds from the Offering, the participation of certain insiders and others in the Offering, and receipt of regulatory approvals with respect to the Offering as well as any other future plans, objectives or expectations of Northisle. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, Northisle's ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Zawya
16-07-2025
- Business
- Zawya
Copper sags as worries subside about disruptions, inventories rise
Copper prices slipped on Wednesday as concern eased about supply disruptions and inventories continued rising amid uncertainty about the impact of U.S. tariffs. Benchmark three-month copper on the London Metal Exchange traded 0.3% lower at $9,615 per metric ton in official rings, down from a three-month peak just over $10,000 touched on July 2. "There hasn't been any additional supply disruptions to push prices higher across the various exchanges," said Nitesh Shah, commodity strategist at WisdomTree. Protesters have lifted blockades in Peru, the world's third biggest copper producer, that blocked a major copper transit route for more than two weeks, one of the protest leaders told Reuters late on Tuesday. Meanwhile, Rio Tinto on Wednesday posted 9% higher quarterly copper output and forecast full-year production at the higher end of its guidance range, while Antofagasta reported an 11% jump in copper production in the first half. At the same time, a flow of copper to the U.S. by traders anticipating tariffs has tapered off following the announcement that 50% duties would be imposed on August 1. "The inventory drain from the LME and Shanghai has plateaued and almost reversed. You're starting to see a build-up in both locations," Shah added. LME copper stocks gained by another 10,525 tons, data showed on Wednesday, having jumped by a third over the past 2-1/2 weeks. U.S. Comex copper futures dropped 0.9% to $5.53 a lb, bringing the premium of Comex over LME copper to $2,579 a ton. Investors were also digesting data on Tuesday showing China's economy slowed less than expected in the second quarter. "The GDP print, hitting slightly above target, takes away the need for additional stimulus, and that may potentially constrain copper prices," Shah said. The most-traded copper contract on the Shanghai Futures Exchange added 0.1% to 77,980 yuan ($10,865.11) a ton. Among other metals, LME aluminium fell 0.6% to $2,566 a ton, nickel lost 1% to $14,995, zinc shed 0.4% to $2,686, lead eased 0.7% to $1,982.50 and tin slipped 1.5% to $32,825. ($1 = 7.1771 Chinese yuan)
