Latest news with #PDACConvention
Cision Canada
02-07-2025
- Business
- Cision Canada
Wheaton Precious Metals Announces Return of $1 Million Future of Mining Challenge to Foster Innovation in the Mining Industry
VANCOUVER, BC, July 2, 2025 /CNW/ - Building on the success of its inaugural year, Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the return of its Future of Mining Challenge and invites ventures from around the world to propose industry solutions aimed at improving operational efficiencies and minimizing environmental impacts. "Constant innovation is essential to responsibly meet the growing global demand for minerals and metals, and it is the driving force behind Wheaton's Future of Mining Challenge," said Randy Smallwood, President and CEO of Wheaton Precious Metals. "As a partner to some of the world's leading mining companies, Wheaton is uniquely positioned to support the industry as it advances the delivery of essential commodities and materials in a more sustainable manner." For the 2025/26 challenge, Wheaton will award US$1 million to a cleantech venture with innovative technology that seeks to advance sustainable water management in the mining industry. "The goal of Wheaton's Future of Mining Challenge is to help unlock and support new technologies," said Patrick Drouin, Chief Sustainability Officer of Wheaton Precious Metals. "Our hope is that the award will help to advance the challenge winner's technology closer to commercialization." Wheaton invites cleantech innovators worldwide to participate in its Future of Mining Challenge and will accept expressions of interest until the end of day on Friday, August 29, 2025. Once all expressions of interest have been received and reviewed, Wheaton will invite select ventures to submit a full application in September 2025. This year, Wheaton is collaborating with the University of British Columbia's Sauder School of Business, working closely with a team that brings deep expertise in venture building and early-stage innovation support. The winner of the 2025/2026 Future of Mining Challenge will be announced in March 2026 during the PDAC Convention in Toronto, the largest mining conference in the world. For more information about Wheaton's Future of Mining Challenge and how to submit an expression of interest, visit About Wheaton Precious Metals Corp. Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at or follow us on social media. Cautionary Note Regarding Forward Looking-Statements This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to innovative mining technology, the potential success of that technology, and its ability to be commercialized, ESG and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks relates to the ability to identify innovative mining technology, the potential success of that technology and the ability to commercialize that technology, risks related to the ability to achieve ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2024 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2024, both available on SEDAR+ and in Wheaton's Form 6-K filed March 13, 2025, all available on EDGAR. Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that Wheaton will be able to identify innovative mining technology, ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and that Wheaton's application of the CRA Settlement is accurate (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010) and possible domestic audits for taxation years subsequent to 2017 and international audits. SOURCE Wheaton Precious Metals Corp.
Yahoo
27-02-2025
- Business
- Yahoo
Durango Expands Land Position at Babine South Gold Silver Copper Zinc Project, British Columbia
VANCOUVER, BRITISH COLUMBIA - February 27, 2025 (NEWMEDIAWIRE) - Durango Resources Inc. (TSX.V: DGO) (OTCQB: ATOXF) (Frankfurt: 86A1) ("Durango" or the "Company") announces that following the positive assay results announced on February 25, 2025, the Company has expanded its 100%-owned Babine South gold-silver-copper-zinc exploration project, located in the Babine Porphyry Belt north of Smithers, British Columbia. The newly staked claims increase the project's total size to approximately 1,070 hectares across four mineral claims. Figure 1. Durango's New Claim Boundary for Babine South Property Marcy Kiesman, CEO of Durango Resources, commented, "Following our site visit, assay results from sampling, and further study of the area, we have strategically expanded our land position at Babine South. Durango remains committed to strengthening its land portfolio with a focus on critical metals to align with increasing global demand." PDAC Durango would also like to invite you to visit the Company at Booth 2419A during the annual Prospectors & Developers Association of Canada ("PDAC") at the Metro Toronto Convention Centre on Sunday March 2nd and Monday March 3rd. Representatives from the Company will also be available to discuss Durango's projects throughout the convention period. About PDAC The World's Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration. This annual convention in Toronto, Canada is known for attracting up to 30,000 attendees from over 130+ countries for its educational programming, networking events, outstanding business opportunities and fun. Since it began in 1932, the PDAC Convention has grown in size, stature and influence. Today, it is the event of choice for the world's mineral industry hosting more than 1,100 exhibitors and 2,500 investors. Register ( About the Babine South Gold-Silver-Copper-Zinc Project The Babine South Gold-Silver-Copper-Zinc Project is a 100%-owned exploration property of Durango Resources Inc., situated in the Babine Porphyry Belt, north of Smithers, British Columbia. Encompassing approximately 1,070 hectares across two mineral claims, the property hosts historical silver adits from the 1920s and 1930s, with records indicating the production of 94 kilograms of silver from trenching activities. The geological setting features Cache Creek Group greenstones, where mineralization occurs in quartz-carbonate veins and shears within foliated greenstone (amphibolite). Notable minerals identified include argentiferous galena, sphalerite, tetrahedrite, argentite, chalcopyrite, native silver, pyrrhotite, and pyrite. Recent sampling efforts have yielded significant assay results, with values up to 3.39 grams per tonne gold, 3430 grams per tonne (110.3 oz/t) silver, 8.86% zinc, and 1% copper, underscoring the property's potential for hosting an epithermal polymetallic deposit. Additionally, the presence of ultramafic rocks such as peridotite, pyroxenite, and dunite suggests potential for nickel and platinum group element (PGE) mineralization, aligning with Durango's focus on critical metals exploration. For more information on the Company's entire Babine portfolio, please visit: About Critical Metals Critical metals are essential components in modern technologies, including renewable energy systems, defense applications, and advanced electronics. Both the United States and Canada have identified specific lists of critical minerals vital to their economic and national security. The U.S. Geological Survey's 2022 list includes 50 critical minerals, while Canada in 2024 has designated 34 minerals as critical. Recent geopolitical developments have heightened concerns over the supply chain security of these critical metals. China, which holds a dominant position in the production and processing of several critical minerals, has implemented export bans affecting the West. These actions underscore the strategic importance of diversifying supply chains and developing domestic sources for critical metals to mitigate geo-political risks and ensure the stability of essential industries. Melanie Mackay, PGeo, EGBC (Engineers and Geoscientists British Columbia) 35256, APEGA (Association of Professional Engineers and Geoscientists of Alberta 305012), is a director and qualified person for Durango and approves the technical content of this news release. None of the historical information in the release has yet been verified by the Company and should not be relied upon. About Durango Durango Resources Inc. (TSX.V: DGO) (OTCQB: ATOXF) (Frankfurt: 86A1) is a Canadian exploration company focused on advancing critical metals projects to support the West's growing demand for secure and sustainable mineral supply. The Company holds a 100% interest in multiple strategically located properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Qubec, as well as claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp. With an experienced management and technical team, Durango is committed to unlocking new mineral discoveries and contributing to Canada's critical minerals strategy. For further information on Durango, please visit and Marcy Kiesman, CEOTelephone: 604.428.2900 or 604.339.2243Email: durangoresourcesinc@ Forward-Looking Statements This news release contains "forwardlooking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, 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 may differ materially from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law. 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. View the original release on Sign in to access your portfolio
Yahoo
26-02-2025
- Business
- Yahoo
Morocco Strategic Minerals Closes Private Placement for a total amount of $1,000,0000
MONTRÉAL, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation. (TSXV: MCC) ("Morocco Strategic Minerals" or the "Corporation") is pleased to announce the closing of a non-brokered private placement, raising total gross proceeds of $1,000,000 through the issuance of 10,000,000 units of the Corporation ("Units") at a price of $0.10 per Unit (the "Offering"). Each Unit consists in one common share of the Corporation (a 'Common Share') and one half of one Common Share purchase warrant (a 'Warrant'). Each whole Warrant entitles its holder to purchase one Common Share at an exercise price of $0.15 per Common Share for a period of 24 months. All securities issued in connection with the Offering are subject to a statutory hold period ending four-month and one day from the date of their issuance, in accordance with applicable securities laws. The Offering remains subject to final approval from the TSX Venture Exchange ('TSXV'). In connection with the completion of the Offering, the Corporation expects to pay finder's fees in an aggregate amount of $70,000 and issue a total of 700,000 Warrants to arm's length third parties who assisted the Corporation by introducing subscribers to the Offering. The Corporation intends to allocate the net proceeds from the Offering towards the development of the Corporation's portfolio in Québec and Morocco, encompassing potential growth opportunities, as well as for general working capital purposes. The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. PDAC Convention Morocco Strategic Minerals would like to invite its shareholders and other stakeholders to visit us at booth #3021 in the Investors Exchange Exhibition Room at the Prospectors and Developers Association of Canada (PDAC) Convention. The PDAC, one of the world's premier resource conferences, will be held at the Metro Toronto Convention Centre in Ontario from Sunday, March 2, 2025 to Wednesday, March 5, 2025. Previous Private placement With reference to the Corporation's press release issued on January 24, 2025, under the second tranche, the Corporation issued 2,987,500 units (instead of 3,087,500 units), at a price of $0.08 per unit, for gross proceeds of $239,000. In the aggregate, the Corporation raised gross proceeds of $939,000 and issued 11,737,500 Units under the Private Placement. Digital Marketing Services Agreement Further to the Corporation's press release dated January 24, 2025, announcing the engagement of Senergy Communications Capital Inc. ("Senergy") to provide digital marketing services, Senergy is a Vancouver, British Columbia based communications and media marketing company with the goal of helping public companies reach new investors and maintain relationships with shareholders using online strategies and paid ads. Senergy, has the ability to execute and deliver effective digital marketing services between public companies and investors. For more information regarding Senergy please visit: Senergy and its principal and Chief Executive Officer Aleem Fidai are at arm's length to the Corporation and advise they do not own any securities in the Corporation and do not have any right or intent to acquire an interest in the Corporation. About Morocco Strategic Minerals Morocco Strategic Minerals Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and, if warranted, development of natural resource properties of merit in Canada and Morocco. Contact Information Pierre-Olivier GouletVice-President Corporate DevelopmentEmail: pogoulet@ Guy GouletPresident and CEOEmail:ggoulet@ information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as "will be," "expected," or variations of such words and phrases, or statements that certain actions, events, or results "will" occur. Forward-looking statements, including statements relating to the intended use of the net proceeds from the Offering, are based on the Corporation's estimates and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, level of activity, performance, or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Neither the TSXV 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 news release.
