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News from 26th June, 2023

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GL1: Manna Lithium Project Expansion of Regional Interests

GLOBAL LITHIUM RESOURCES LIMITED 🔗 📄 📈

Global Lithium Resources Limited invests up to A$4.6 million in Kairos Minerals Limited for the Roe Hills Lithium Project exploration.
Roe Hills Lithium Project is adjacent to the core Manna Lithium Project area, expanding Global Lithium's interests in the region.
Global Lithium also secures an option over E28/3197, allowing continued exploration around the Manna Lithium Project for spodumene-bearing pegmatites.

2023-06-26 10:16:00

KAI: Global Lithium to take 10% Stake via A$4M Share Placement

KAIROS MINERALS LIMITED 🔗 📄 📈

Global Lithium Resources will acquire a 10% stake in Kairos Minerals by investing A$3.96 million through a strategic placement.
Kairos will collaborate with Global Lithium in the exploration of the Roe Hills Lithium Project, located near Global Lithium's Manna lithium project.
Kairos will also undertake a fully-underwritten non-renounceable entitlement offer to raise up to A$6.55 million for exploration activities and working capital.

2023-06-26 10:10:00

CYM: Cyprium Metals Secures A$21million of Funding

CYPRIUM METALS LIMITED 🔗 📄 📈

Cyprium Metals has secured an 18-month, A$21.0 million loan facility with Nebari Natural Resources Credit Fund II, LP.
The loan facility will provide up to USD14.5 million in two tranches, with funds to be used for working capital and advancing development of Nifty.
The financing is expected to be rolled into a larger, longer term development financing facility in the near term, pending finalization of the Nifty life of mine study.

2023-06-26 10:10:00

PRL: Licence Area Expanded to Incorporate Marine Facilities

PROVINCE RESOURCES LTD 🔗 📄 📈

The Section 91 Licence has been granted for the HyEnergy® green hydrogen project, expanding the license area by 168 hectares to support pre-feasibility studies for marine facilities.
Province Resources has secured multiple Section 91 Licences for the Gascoyne region and renewed the MoU with the Shire of Carnarvon for continued due diligence studies.
Province is in advanced discussions with the Western Australian Government on exclusive secure tenure over the project area through Section 88 options to lease, with an initial option to lease expected soon.

2023-06-26 10:02:00

NYR: Cholesterol-Lowering Program Update

NYRADA INC. 🔗 📄 📈

Nyrada's cholesterol-lowering drug candidate displayed an adverse signal in a final toxicology study, preventing it from undergoing clinical evaluation.
The planned Phase I/IIa clinical trial has been deferred due to the unfavorable findings in the 28-day in vivo GLP toxicology study.
Nyrada remains committed to developing an oral small molecule PCSK9 inhibitor drug as an approach to lowering high cholesterol.

2023-06-26 09:55:00

PMT: Patriot Battery Metals Response to Media Article

PATRIOT BATTERY METALS INC. 🔗 📄 📈

Patriot Battery Metals has not initiated any sale of its assets or the listed parent.
The Company has appointed advisers and key personnel to support the development of its Corvette Property.
Patriot is focused on the timely development of the Corvette Property, including presenting the Mineral Resource Estimate (MRE) in the coming weeks.

2023-06-26 09:53:00

E25: E25 and General Motors Sign Offtake & Funding Agreements

ELEMENT 25 LIMITED 🔗 📄 📈

Element 25 and General Motors have signed an agreement for E25 to supply up to 32,500 metric tons of battery-grade manganese sulfate annually to support GM's EV production in North America.
GM will provide E25 with an $85 million loan to fund the construction of a manganese sulfate production facility in Louisiana, which will process manganese from E25's mine in Western Australia.
This facility will be the first of its kind in the U.S. and is aimed at creating a resilient and sustainable North American EV supply chain.

2023-06-26 09:49:00

GLN: HMW Phase 1 Development Permits Granted - Works Commenced

GALAN LITHIUM LIMITED 🔗 📄 📈

Phase 1 HMW development permits granted, allowing pre-construction activities at the Hombre Muerto West lithium brine project.
Full construction permits and commencement of Phase 1 pond construction expected during Q3 CY 2023.
Phase 1 DFS results expected shortly, with Phase 2 DFS addressing full 20ktpa LCE production rate to be released in August/September 2023.

2023-06-26 09:47:00

RIM: Melrose emerging as significant Ni, Co, Sc opportunity

RIMFIRE PACIFIC MINING LIMITED 🔗 📄 📈

Drilling at Melrose confirms significant nickel-cobalt-scandium mineralization over a large area
Assaying of a large composite sample reveals high-grade mineral content
Metallurgical tests and further exploration are underway to better understand the project's potential

2023-06-26 09:43:00

RAG: Sale of Ragnar Metals Sweden AB to BHP for A$9,800,000

RAGNAR METALS LIMITED 🔗 📄 📈

Ragnar Metals agrees to sell its subsidiary Ragnar Metals Sweden AB to BHP for A$9.8 million cash consideration and a deferred 1% Net Smelter Return Royalty.
BHP has the right to buy back the Royalty for A$10 million.
The sale includes tenements and exploration licenses for the Tullsta Nickel Project in Sweden, with completion expected by September 30th, 2023.

2023-06-26 09:40:00

RAG: Acquisition of Two Lithium Projects in Sweden

RAGNAR METALS LIMITED 🔗 📄 📈

Ragnar secures two new licenses for lithium-tantalum-tin-bearing pegmatites in Sweden: Halleberget and Bergom Lithium Projects.
Halleberget project is located near Jarkvissle deposit; Bergom is in a highly prospective district for discovering lithium pegmatite deposits.
Ragnar initiates its first reconnaissance field program to review regional prospectivity on the acquired tenure.

2023-06-26 09:40:00

TKM: Maiden drilling program commences at Tambourah Lithium

TREK METALS LIMITED 🔗 📄 📈

Maiden 3,800m Reverse Circulation drilling program commences at Trek's 100% owned Tambourah Lithium Project in Western Australia.
Drilling aims to follow up high-grade lithium spodumene-bearing pegmatite dykes identified in the Eastern Prospect area.
Program anticipated to take one month to complete, with lab results expected around four weeks after completion.

2023-06-26 09:09:00

GT1: Drilling And Large-Scale Field Exploration Commenced

GREEN TECHNOLOGY METALS LIMITED 🔗 📄 📈

Expansive field exploration season and 22,000m extensional and infill drilling underway at Root Bay Lithium Project.
Widespread field exploration at several highly prospective and underexplored projects, with immediate success at Root Bay.
Large-scale, three-phase field exploration and diamond drilling program planned from June 2023 – December 2023.

2023-06-26 08:52:00

SLZ: Multiple Pegmatites observed at Ruddy Lithium Project

SULTAN RESOURCES LTD 🔗 📄 📈

Apex Geoscience has started reconnaissance exploration at the Ruddy Project in North-Western Ontario, focusing on a 3.5km east-west strike "LCT Goldilocks Zone".
Helicopter-supported geologists are observing multiple pegmatite occurrences, with outcrops up to 30m and widths up to 15m.
The duration of exploration activities at Ruddy has been extended to better assess the project potential.

2023-06-26 08:40:00

LM1: Sampling of Lithium Drill Core Underway at Jenpeg

LEEUWIN METALS LIMITED 🔗 📄 📈

Manitoba Government approves sampling of 7 historic drill cores with logged spodumene bearing pegmatites; assay results expected in 4-8 weeks.
Summer field program planned for Q3 CY23 to further define targets with mapping, remote sensing, and geochemical sampling.
Tanco Lithium Mine operator, Sinomine and LG Energy solutions planning to develop a downstream Lithium Hydroxide plant in Manitoba.

2023-06-26 08:39:00

BRX: Bullabulling Assay Results confirmLCT Pegmatites

BELARAROX LIMITED 🔗 📄 📈

Anomalous rock chip assays at Bullabulling project returned 2,444 ppm Li2O and anomalous pathfinder elements, indicating potential Lithium-Caesium-Tantalum (LCT) pegmatites.
Future work includes systematic surface sampling of most prospective targets in the second half of 2023 and follow-up drilling.
Initial results reveal lithium and gold prospectivity, with plans to unlock further potential in the project in the coming years.

2023-06-26 08:18:00

LCL: Acquisition expands Veri Veri Nickel Project (PNG)

LOS CERROS LIMITED 🔗 📄 📈

LCL Resources Ltd has executed a Tenement Sales Agreement with Munga River Limited to acquire 100% ownership of EL2566, which adjoins the company's Veri Veri Nickel Project to the east.
The agreement is subject to the renewal of EL2566 and transfer of title to LCL, with key elements including issuing shares to Munga, granting a 2% NSR royalty, finders' fees, and a withdrawal option for LCL.
EL2566 consists of two areas with a total of 303km2, both contiguous with LCL's EL2706, considered to have potential to host nickel mineralization in the northern region and copper and gold mineralization in the southern region.

2023-06-26 08:18:00

SGA: EM Anomalies Identified at Kenesar

SARYTOGAN GRAPHITE LIMITED 🔗 📄 📈

TDEM survey identifies EM anomalies consistent with graphitic rich layers within the graphitic schist under shallow cover at Kenesar.
Shallow low-cost drilling to commence at Kenesar to sample the graphitic schist basement rocks.
Pre-Feasibility Study activities progressing at Sarytogan Graphite Project.

2023-06-26 08:18:00

WIN: High Grade Nickel Results at Munda

WIDGIE NICKEL LIMITED 🔗 📄 📈

High-grade nickel mineralization intercepts reported from Munda nickel deposit
New geological interpretation alludes to the opportunity for resource growth
Munda mineralization has low arsenic and potential to contribute to a larger scale or longer life operation

2023-06-26 08:17:00

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