Latest news with #Northcliff
Globe and Mail
7 hours ago
- Business
- Globe and Mail
NORTHCLIFF ANNOUNCES CLOSING OF $1.2 MILLION PRIVATE PLACEMENT FINANCING
, /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that further to its press release dated June 19, 2025 , it has closed a non-brokered private placement (the "Private Placement") of 19,842,128 common shares of the Company at a price of $0.06 per common share for gross proceeds to the Company of $1,190,527.68 . Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada , to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. Andrew Ing Chairman, President & CEO
Cision Canada
8 hours ago
- Business
- Cision Canada
NORTHCLIFF ANNOUNCES CLOSING OF $1.2 MILLION PRIVATE PLACEMENT FINANCING
VANCOUVER, BC, June 27, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that further to its press release dated June 19, 2025, it has closed a non-brokered private placement (the "Private Placement") of 19,842,128 common shares of the Company at a price of $0.06 per common share for gross proceeds to the Company of $1,190,527.68. Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. Andrew Ing Chairman, President & CEO
Cision Canada
2 days ago
- Business
- Cision Canada
NORTHCLIFF ANNOUNCES PROGRESS REPORT ON PROGRAM TO ADVANCE DEVELOPMENT OF THE SISSON CRITICAL MINERALS PROJECT
VANCOUVER, BC, June 26, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that it has engaged Ausenco Engineering Canada ULC ("Ausenco") to lead the update of the feasibility study ("FS Update") for its Sisson Tungsten-Molybdenum Project (the "Sisson Project"), a critical minerals project located in New Brunswick, Canada. A key part of Northcliff's comprehensive program (see Northcliff's May 1, 2025 news release), the FS update is designed to provide the necessary economic and technical information to support a construction decision on the Sisson Project. Work on the FS Update is fully underway and other aspects of the planned pre-construction work program have been initiated. These include multiple engineering workstreams and studies required to meet the technical conditions associated with Northcliff's in-hand environmental approvals, as well as detailed project development planning, project finance and offtake engagement. Located near tidewater on the southeastern coast of Canada in New Brunswick, the Sisson Project hosts a deposit with the Critical Mineral tungsten and the strategic mineral molybdenum. If developed, the Sisson Project has the prospects of becoming an accessible and reliable supplier of tungsten and molybdenum, strengthening and diversifying the supply chain for these metals used in important industrial, electronic, aerospace and defense applications, and new technologies. Northcliff advanced resource, engineering, environmental and economic studies that culminated in a positive feasibility study in 2013, then progressed the project through provincial and federal environmental assessment and other processes to gain key approvals, expending some C$70 million. In the 2013 feasibility study, development of the Sisson Project was proposed as an open pit mine with conventional processing facilities, supplemented by value-added downstream and on-site processing of tungsten concentrates in an ammonium paratungstate ("APT") plant. Andrew Ing, Northcliff's Chairman, President and CEO commented, "We are excited to be moving forward with our comprehensive program for Sisson, advancing our goal to become a reliable and easily accessible producer of tungsten and molybdenum. I would like to acknowledge Ausenco as the leader of the feasibility study update and to recognize the readiness of its team as the work on it is well underway." The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Tanya Yang, a Qualified Person who is not independent of the Company. About Ausenco Ausenco is a global company redefining what's possible. The team is based out of 21 offices working across five continents to deliver services worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting, studies, project delivery, asset operations and maintenance solutions to the minerals and metals and industrial sectors ( About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. On behalf of the Board of Directors Andrew Ing Chairman, President & CEO This news release includes certain statements that may be deemed "forward-looking statements" or "forward-looking information" within the meaning of Canadian and United States securities law. All statements, other than statements of historical facts, that address the advancement of the Sisson Project towards a project finance decision, including the successful development and construction of the planned Sisson tungsten-molybdenum mine, concentrator and APT plant to become a reliable source of tungsten and molybdenum, and the projected average annual production of tungsten and molybdenum are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The assumptions used by Northcliff to develop forward-looking statements include the following: the Company's ability to complete construction of Sisson Project mine and facilities, the Company's ability to arrange the necessary financing beyond to continue operations and develop the Sisson Project, the receipt of all necessary regulatory approvals for the construction and operation of the Sisson Project; the relevant laws and regulations in Canada and the US; studies and development of the Sisson Project will continue to be positive; our expectations of continued availability of capital and debt financing, and no geological or technical problems will occur. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that may interfere with the Company's ability to continue development of the Sisson Project, the Company may not be able to finance and develop the Sisson Project on favourable terms or at all, relevant regulatory changes, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the Sisson Project, the Company may not be able to secure offtake agreements for the metals to be produced at the Sisson Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the financial markets and in the demand and market price for tungsten, molybdenum and other minerals and commodities, and fluctuations in exchange rates, particularly with respect to the value of the US Dollar and Canadian Dollar; the exploration and development of properties located within First Nations treaty and Aboriginal groups asserted territories may affect or be perceived to affect treaty and asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups or communities, environmental issues and liabilities associated with mining including processing and stockpiling; changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions, as well as risks relating to the uncertainties with respect to conflicts in Ukraine and the Middle East. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company reviews its forward-looking statements on an ongoing basis and updates this information when circumstances require it. For more information on the Company, investors should review the Company's annual information form that is available on its profile at
Yahoo
23-05-2025
- Business
- Yahoo
NORTHCLIFF REPORTS ANNUAL GENERAL MEETING RESULTS
VANCOUVER, BC, May 23, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announces the voting results from its 2025 Annual General Meeting held on May 22, 2025 in Vancouver, British Columbia (the "Meeting'). A total of 499,973,223 common shares were voted at the Meeting, representing 82.37% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the Meeting, except the continuation of the Company's Share Option Plan. The votes for the election of director nominees were as follows: DIRECTOR % of Votes in Favor Andrew Ing 99.98 % Peter C. Mitchell 99.97 % T. Barry Coughlan 99.98 % Scott. D. Cousens 99.98 % Michael Wolley 99.91 % Detailed voting results for the Meeting are available at the Company's profile on SEDARplus at About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. Andrew IngChairman, CEO SOURCE Northcliff Resources Ltd. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
01-05-2025
- Business
- Cision Canada
NORTHCLIFF ANNOUNCES FUNDING TO ACCELERATE DEVELOPMENT OF THE SISSON CRITICAL MINERALS PROJECT
Canadian Tungsten to Address Critical Mineral Supply Chain Vulnerability VANCOUVER, BC, May 1, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce the United States Department of Defense ("US DoD") has awarded the Company a US$15 million (~C$20.7 million) award under the Defense Production Act ("DPA") Title III program to expand tungsten's domestic capacity, sustainment of its critical production and address vulnerability in the Critical Minerals supply chain in the United States and Canada. This important non-share dilutive funding will allow Northcliff to advance the Sisson Tungsten-Molybdenum Project in Canada (the "Sisson Project") toward a project construction decision. The Company has also obtained conditional funding from the Government of Canada, pending due diligence, under Natural Resources Canada's Global Partnerships Initiative for up to C$8.2 million (~US$5.9 million) to support the project. Located near tidewater on the southeastern coast of Canada in New Brunswick, the Sisson Project hosts a deposit with the Critical Mineral tungsten and the strategic mineral molybdenum. Northcliff advanced resource, engineering, environmental and economic studies that culminated in a positive feasibility study in 2013, then progressed the project through provincial and federal environmental assessment and other processes to gain key approvals, expending some C$70 million. The Company developed a detailed work program and is currently focused on advancing the project through the pre-construction phase. In that regard, the US DoD funding from the DPA Title III program and the Government of Canada's funding under the Global Partnerships Initiative, in total up to ~C$29 million (US$20.9 million) will be used to update Northcliff's feasibility study as well as support related pre-construction work programs. This work would involve completion of engineering activities and studies needed to satisfy the technical conditions associated with its in-hand environmental approvals and project development workstreams (project finance and offtake sounding), to provide the necessary economic and technical information to support a construction decision. As a project at the pre-construction phase, the Sisson Project is well positioned to help address the demand for tungsten and molybdenum. Tungsten is an essential ingredient in modern and emerging technologies, has few substitutes and could face high supply risks in Western economies. Tungsten carbides are an integral part of the tools that are used to shape metals, alloys, wood, composites, plastic, and ceramics and to power the oil and gas, mining and construction industries. A key alloying metal, molybdenum is an essential component in steel production. Both tungsten and molybdenum play a key role in many defense and aerospace applications and are growing in importance in the production and improved performance of batteries 1,2 used in energy storage and other green transition technologies. According to a Geoscience Australia synthesis of individual country rankings 3, tungsten is among the minerals recognized as most critical by the United States, Japan, Republic of Korea, the European Union, and the United Kingdom, ranking as the fourth-most critical mineral. The United States and its allies currently rely on sources such as China for tungsten. China produces about 80% of the world's tungsten, a supply that lacks pricing transparency causing market disruptions in the past. If developed, the Sisson Project would become an easily accessible and reliable supplier of tungsten and molybdenum, strengthening and diversifying the supply chain for these metals used in important industrial, electronic, aerospace and defense applications, and new technologies with the additional advantage of being produced under North American standards for transparency and Environmental Social Governance. Andrew Ing, Northcliff's Chairman, President and CEO commented, "Northcliff's aim is to contribute to the efforts to build a resilient North American supply chain and support development of new technologies through becoming a reliable, easily accessible producer of tungsten and molybdenum. We greatly appreciate this strategic financial support by the US Department of Defense and the Global Partnerships Initiative. These funds will be collectively used to update the project economics and finalize details of the mine development plan, secure the remaining permits, and obtain the required authorizations to accelerate the Sisson Project toward a construction decision." The proposed operation in the 2013 feasibility study for the Sisson Project is an open pit mine with conventional processing facilities, supplemented by value-added downstream and on-site processing of tungsten concentrates in an ammonium paratungstate ("APT") plant. The Company plans to update the feasibility study as part of the focused work program described above. The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Tanya Yang, a Qualified Person who is not independent of the Company. The Canadian to U.S. dollar exchange rate used in the conversions is US$1 = C$1.38. About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. On behalf of the Board of Directors Andrew Ing Chairman, President & CEO This news release includes certain statements that may be deemed "forward-looking statements" or "forward-looking information" within the meaning of Canadian and United States securities law. All statements, other than statements of historical facts, that address the use of the DoD funds, and Government of Canada funds, if awarded; advancement of the Sisson Project towards a project finance decision, including the successful development and construction of the planned Sisson tungsten-molybdenum mine, concentrator and APT plant to become a reliable source of tungsten and molybdenum, and the projected average annual production of tungsten and molybdenum are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The assumptions used by Northcliff to develop forward-looking statements include the following: the actual receipt of funds from DoD and the Government of Canada, the Company's ability to complete construction of Sisson Project mine and facilities, the Company's ability to arrange the necessary financing beyond the DoD funding and Government of Canada funding to continue operations and develop the Sisson Project, the receipt of all necessary regulatory approvals for the construction and operation of the Sisson Project; the relevant laws and regulations in Canada and the US; studies and development of the Sisson Project will continue to be positive; our expectations of continued availability of capital and debt financing, and no geological or technical problems will occur. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that may interfere with the Company's ability to continue development of the Sisson Project, the Company may not be able to finance and develop the Sisson Project on favourable terms or at all, relevant regulatory changes, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the Sisson Project, the Company may not be able to secure offtake agreements for the metals to be produced at the Sisson Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the financial markets and in the demand and market price for tungsten, molybdenum and other minerals and commodities, and fluctuations in exchange rates, particularly with respect to the value of the US Dollar and Canadian Dollar; the exploration and development of properties located within First Nations treaty and Aboriginal groups asserted territories may affect or be perceived to affect treaty and asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups or communities, environmental issues and liabilities associated with mining including processing and stockpiling; changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions, as well as risks relating to the uncertainties with respect to conflicts in Ukraine and the Middle East. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company reviews its forward-looking statements on an ongoing basis and updates this information when circumstances require it. For more information on the Company, investors should review the Company's annual information form that is available on its profile at
