Chibougamau Independent holds a 2% Gross Metal Royalty on all iron and vanadium produced from the property and Globex a 1% Gross Metal Royalty on all iron production The Cerrado Mont Sorcier Project Update is reproduced below in full “At the Mont Sorcier high-purity iron project detailed metallurgical test work and flow sheet design continued during the quarter 2024) test work has reaffirmed the potential to produce high grade and high purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3% Ongoing test work is focused on flotation testing grind size and reagent optimization programs as well as equipment sizing Current test work and overall process design are to be at the core of the NI 43-101 Bankable Feasibility Study ("BFS") which is targeted to be completed by the end of Q1 2026 The Bankable Feasibility Study will look to provide greater detail of the potential for the project that was highlighted in the previous 2022 NI 43-101 Preliminary Economic Assessment ("PEA") that delivered a project NPV8% of US$1.6 Billion based upon iron concentrates grading 65% iron All principal consultants are now actively engaged in the BFS process.” Jack Stoch wrote this press release in his capacity as president of both Chibougamau Independent Mines Inc News  Apr 29 Local race marked by grueling back-and-forth with incumbent Bloc Québécois candidate and issues that hampered voting Liberal Mandy Gull-Masty celebrates her win Monday night in the Abitibi-Baie-James-Nunavik-Eeyou riding community of Chibougamau (Photo courtesy of Julie d’Auteuil / Mandy Gull-Masty) Liberal Mandy Gull-Masty has won the Abitibi—Baie-James—Nunavik—Eeyou riding after a neck-and-neck race with incumbent Sylvie Bérubé that lasted into the early hours Tuesday or 40.7 per cent of ballots cast in the Nunavik riding Bloc Québécois’ Sylvie Bérubé with 10,296 votes or 34.3 per cent Steve Corriveau of the Conservatives came third with 6,788 votes or 22.6 per cent and the NDP’s Thai Dillon Higashihara got 726 votes for 2.4 per cent “I think I am still in shock,” Gull-Masty said in a phone interview from Chibougamau’s Maitre Renard Microbrewerie where she celebrated her victory with her family Gull-Masty and Bérubé jockeyed back and forth for first place Gull-Masty had unofficially dethroned Bérubé admitting that travelling in a riding the comprises 50 per cent of all of Quebec was demanding “Doing this is probably one of the biggest challenges that somebody can undertake.” I made sure I was everywhere,” and noted she was the only candidate to have set foot in all regions of the riding To be elected is one of the greatest honours for her and she intends to return the honour by giving “my ultimate capacity to serve everyone.” There were issues that plagued Nunavik election day Akulivik and Ivujivik’s polling stations did not open while other communities faced reduced polling hours An Election Canada representative cited difficult weather conditions and problems with hiring local staff No further information was provided Monday about the state of the elections in Nunavik and what it all might mean for people who didn’t get the opportunity to cast a ballot Gull-Masty said she reported the inconsistencies to Elections Canada there is going to be an investigation,” she said She said she has been paying attention to what is going on in the North and the needs of Nunavimmiut “There is a lot more work to do to address the realities and the disconnection of Nunavik,” she said “Far too long have [Nunavimmiut] been ignored How can you represent Inuit when most of them were not able to vote i get a gift card or some sort of voucher Those small Northern communities are not leaning Bloc… If Gull-Masty had been short by a few votes there would be people screaming murder on here A couple of villages did not vote at all while others had extremely reduced hours and accepting the election result as is makes it acceptable to deny the rights of Nunavimmiut I’m shocked by how comfortable people are about this but some is not the same as “most” “An Election Canada representative cited… problems with hiring local staff.” “An Election Canada representative cited… problems with hiring local staff.” I don’t think the local staff was the real problem Looks like they were last minute contacts by ELECTIONS CANADA Clearly the “Fly-in/Fly-out” ELECTIONS CANADA officials in charge fell asleep at the switch and tried to play catch-up Seems at least two communities weren’t even delivered the required voting kits I wish her and her constituents all the best for the next four years Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" Use this form to request a PDF of Nunatsiaq News to be sent to you every week on Friday Δdocument.getElementById( "ak_js_2" ).setAttribute( "value" 25% off non-prescription sunglasses* | Code: SUN2025 Nestled in the heart of Quebec's Nordic region, Chibougamau offers an enchanting setting that attracts nature lovers and adventurers searching for unique discoveries. This destination is a veritable playground for those seeking to reconnect with nature while exploring captivating and authentic activities. Northern lights viewing: an unforgettable spectacle One of the most striking experiences in Chibougamau is undoubtedly the aurora borealis. When the night sky is transformed into a luminous ballet of green, purple and red, you can't help but be overwhelmed by the mystical beauty of this natural phenomenon. These illuminated nights are perfect for photography enthusiasts and anyone looking for a magical, unforgettable experience.Exploring the national parks: a preserved natural heritage Ice fishing is a popular activity in Chibougamau. When the lakes take on their icy mantle, locals and visitors alike set up their cabins and enjoy convivial moments while hoping to catch the perfect fish. It's an authentic way to immerse yourself in the local culture and spend quality time in a serene environment.Snowmobile touring and exploration: the call of adventure For thrill-seekers, snowmobiling is one of the region's must-do activities. The vast, snow-covered expanses of the region provide the perfect backdrop for exploring spectacular winter landscapes. Whether you're a beginner or an experienced snowmobiler, exploring Chibougamau by snowmobile is an exhilarating and unforgettable experience.Dog sledding: An authentic experience Dog sledding is a heart-warming activity that takes you back in time. Guided by experienced huskies, you can explore snowy trails and experience the perfect harmony between dogs and nature. This traditional activity offers a unique link with the region's heritage and an unforgettable experience.Northern wildlife watching: an immersion in biodiversity Chibougamau is home to many northern animal species. 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It is a priority for CBC to create products that are accessible to all in Canada including people with visual Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem a family-owned business that has been manufacturing and marketing forest products since 1961 with 1,500 men and women across Quebec has entered into an agreement with Interfor Corporation to acquire all the company's Quebec operations including the Matagami and Val-d'Or sawmills and related forestry operations and the Sullivan plant in Val-d'Or specializing in bed frames.  Following the historic fires of summer 2023 and the addition of forest caribou protection measures while a moratorium on logging three times the area of the Island of Montreal has already been in effect for 10 years around the enclosure protecting the Val-d'Or herd wood available for harvest has become scarce in this area The transaction will enable Chantiers Chibougamau to secure and integrate a greater proportion of material into all processing activities from construction materials to kraft pulp and energy Interfor's operations in Québec are diverse They are currently run by approximately 300 employees who will join Chantiers Chibougamau upon completion of the transaction logistics and several administrative tasks Wood chips resulting from sawing in these plants are already largely integrated into the Nordic Kraft industrial complex in Lebel-sur-Quévillon This was also their historical reality until 2005 our goal is to preserve as much of the historical activities we are integrating while safeguarding our current operations and teams in Béarn we remain mindful of the wood supply shortage affecting all the sawmills we operate We will conduct a full review of all activities covered by the transaction after closing and final plans can only be established at that time."  "We aim for this acquisition to align with our growth path since 1961 striving to become stronger for future generations while maintaining a human-centered approach We acknowledge that it may come to a surprise to many for us to purchase plants at a time when several are closing We have the ability to make decisions today that will impact the decades to come We know that it is a privilege to be able to process at least 600,000 more cubic metres of wood annually and to open a new chapter with 300 men and women who already have strong skills in wood recovery this acquisition renews our confidence in our business of cutting and transforming trees to meet the needs of populations." is subject to approval by the Competition Bureau Canada and is expected to be completed by the end of 2024.  has been producing and selling highly competitive forest products since 1961 More than 1,500 people work at its forest products plants in Chibougamau at its Nordic Kraft mill in Lebel-sur-Quévillon and as part of its engineering and project management team at Nordic Structures in Montreal Nordic Structures' engineered timber holds a significant position in the North American market with over 3,500 solid wood construction projects Information: Louis-Martin Leclerc, [email protected], Cell phone: (418) 693-2425 Do not sell or share my personal information: Free NewsletterUK Join the newsletter that everyone in finance secretly reads Cygnus Metals is honing in on its Chibougamau copper-gold project in Canada, where promising exploration results and strategic advancements are enhancing its stock appeal Cygnus Metals is unlocking the untapped potential of Canada's Chibougamau site The region boasts a rich history of resources but has seen little modern exploration Recent drilling at the Corner Bay deposit uncovered 7.3 meters containing a 4.6% copper equivalent the Golden Eye target showed 3.3 meters at 6.6 grams of gold per tonne With the Copper Rand processing facility nearby Cygnus has a cost-effective path to revive production targeting 20,000 to 30,000 tonnes of copper annually in the medium term has raised its price target for the company while maintaining a speculative buy rating For markets: Redefining opportunities in exploration The bigger picture: Strategic exploration sets the stage Theodora Lee Joseph, CFA The Great Wealth Transfer Is Coming – Here’s How To Profit From ItJonathan Hobbs, CFA Why GameStop Might Actually Be Worth A Look Right NowStéphane Renevier, CFA Markets Could Pick A Direction This Week – Here's WhyTheodora Lee Joseph, CFA Political Risk Is Part Of A Stock’s Value Now – And, No, You Can’t Afford To Tune It OutTheodora Lee Joseph, CFA Apple And Amazon’s Results Were Sturdy, But Their Future Looks A Little Less SoREAD NEXTNews Skechers Goes Private In $9.4 Billion Deal With 3G CapitalFinimize Newsroom Australian Market Dips As Global Trade Talks InfluenceFinimize Newsroom One Common Hedge-Fund Trade Could Bring Down Financial Systems – And It Nearly Backfired This WeekRussell Burns A Defensive Portfolio Prepared For The Wealth Effect’s ReversalStéphane 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So Here’s How To Invest In Cybersecurity.Theodora Lee Joseph, CFA "Trying To Crash The Market On Purpose": How To Invest In A Trump EraReda Farran, CFA Disclaimer: These articles are provided for information purposes only an opinion about whether to buy or sell a specific investment may be provided The content is not intended to be a personal recommendation to buy or sell any financial instrument or product or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience your financial situation or your investment objectives You may not get back all the money that you invest The investments referred to in this article may not be suitable for all investors an investor should seek advice from a qualified investment advisor This article is based on reporting by MT Newswires This article may contain AI-edited content While efforts have been made to ensure accuracy AI may not capture the nuances of the subject matter resulting in errors or inconsistencies has entered into an agreement with Interfor Corporation to acquire all the company’s Quebec operations including the Matagami and Val-d’Or sawmills and related forestry operations and the Sullivan plant in Val-d’Or specializing in bed frames Following the fires of summer 2023 and the addition of forest caribou protection measures while a moratorium on logging three times the area of the Island of Montreal has already been in effect for 10 years around the enclosure protecting the Val-d’Or herd Chantiers Chibougamau says that Interfor’s operations in Québec are diverse and final plans can only be established at that time.” “We aim for this acquisition to align with our growth path since 1961 We know that it is a privilege to be able to process at least 600,000 more cubic metres of wood annually and to open a new chapter with 300 men and women who already have strong skills in wood recovery this acquisition renews our confidence in our business of cutting and transforming trees to meet the needs of populations,” said Frédéric Verreault Canadian Manufacturing is the top source for daily industry-focused news across Canada We cover the world of manufacturing across all its sectors The company aims to establish itself as Quebec’s next copper producer with a hub-and-spoke mining strategy centered around its Copper Rand mill Doré Copper Mining operates in the Chibougamau mining camp an area known for its historical copper and gold production within the world-renowned Abitibi Greenstone Belt These properties form the foundation of Doré Copper Mining’s near-term and future production plans Doré Copper Mining’s assets are located within a well-known copper and gold mining region, with a long history of production. The company’s current strategy revolves around a hub-and-spoke model, with the Copper Rand mill serving as the processing hub, fed by multiple satellite deposits. The key projects in the PEA include Corner Bay This Doré Copper Mining profile is part of a paid investor education campaign.* Click here to connect with Dore Copper Mining (TSXV:DCMC) to receive an Investor Presentation The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday 7 May 2025 or when the announcement is released to the market Click here for the full ASX Release This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here a wholly owned subsidiary of Freeport-McMoRan Inc (NYSE:FCX) relating to its PIL property (" PIL Property ") The PIL Property consists of 50 mineral claims in the Toodoggone District of northern British Columbia The Company also entered into an earn-in agreement (the " ATTY Earn-In Agreement ") with Freeport relating to its ATTY property (the " ATTY Property " The ATTY Earn-In Agreement is not subject to Exchange approval as it qualifies as an "Exempt Transaction" under Exchange Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets The PIL and ATTY earn-in agreements are arm's length transactions and no finder's fees are payable in connection with either earn-in agreement Freeport may acquire an 80% interest in the PIL Property by making aggregate cash payments of CAD $3,000,000 to Finlay and completing an aggregate of $25,000,000 of exploration expenditures on the PIL Property over a 6-year period Freeport may acquire an 80% interest in the ATTY Property by making aggregate cash payments of CAD $1,100,000 to Finlay and completing an aggregate of $10,000,000 of exploration expenditures on the ATTY Property over a 6-year period The earn-in in respect of each of the Properties may be exercised separately and the full details of the exercise requirements for each earn-in are set out in the table below Following the completion of the earn-in on either of the Properties Freeport and Finlay will respectively hold interests of 80% and 20% in such Property and a joint venture company will be formed for further exploration and development  In the event that a party does not fund their portion of further joint venture programs their interests in the joint venture company will dilute Any party that dilutes to below a 10% interest in the joint venture company will exchange its joint venture company interest for a net smelter returns (" NSR ") royalty of 1% on the applicable Property which is subject to a 0.5% buyback for USD $2,000,000 Staged cash and expenditure terms for the PIL and ATTY earn-in agreements These earn-in requirements can be accelerated by Freeport at its discretion Finlay will be the operator on the Properties under the direction of a joint technical committee that will approve work programs and budgets during the earn-in period The PIL & ATTY Properties are each subject to a 3.0% NSR royalty held by Electrum Resource Corporation (" Electrum ") the outstanding voting shares of which are held by Company directors John A The Company has a current right to buy back ½ of the royalty (1.5%) on each property for an aggregate payment of $2,000,000 and $1,500,000 respectively  Finlay and Electrum have entered into amended and restated royalty agreements (the " A&R Royalty Agreements ") relating to each of the PIL and ATTY Properties pursuant to which upon and subject to the exercise of the earn-in in respect of each Property by Freeport the buy-back right will be amended to provide for a 2.0% royalty buy-back for each Property in consideration for an increased buy-back payment that will be sole-funded by Freeport without joint venture dilution to Finlay and will be divided equally between Finlay and Electrum subject to the exercise of the applicable Freeport earn-in to extinguish share issuance obligations of 1,000,000 common shares and 500,000 common shares owing to Electrum prior to or on a production decision on the PIL and ATTY Properties respectively Freeport-McMoRan (FCX) is a leading international metals company focused on copper with major operations in the Americas and Indonesia and significant reserves of copper The 100% owned PIL Property covers 13,374 hectares of highly prospective ground in the prolific Toodoggone mining district of north-central British Columbia The core PIL claims were staked over 30 years ago by the founders of the Company numerous Cu-Au-Mo porphyry and porphyry-related Au-Ag epithermal targets have been identified at PIL The identified targets are central to a broader 70 km porphyry corridor trend which includes: Centerra Gold's past producing Kemess South Cu-Au porphyry mine and Kemess Underground Cu-Au-Ag porphyry resource Thesis Gold's Lawyers-Ranch Au-Ag epithermal resource and the newly discovered Amarc Resources and Freeport AuRORA Cu-Au-Ag porphyry Readers are cautioned that mineralization on the foregoing regional properties is not necessarily indicative of mineralization on the PIL Property The PIL Property is road accessible and permitted for the 2025 season The 100% owned ATTY Property covers 3,875 hectares in the prolific Toodoggone mining district of north-central British Columbia The ATTY Property adjoins Centerra Gold's Kemess Project and Amarc Resources and Freeport's JOY property Several epithermal-style Ag ± Au ± Cu ± base-metal veins are exposed on the ATTY Property and geochemical and geophysical work have outlined at least two promising porphyry targets The ATTY Property is road accessible and permitted for the 2025 season Exploration for Finlay and a qualified person as defined by National Instrument 43-101 has reviewed and approved the technical content of this news release About finlay minerals ltd. Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia : the PIL and ATTY properties in the Toodoggone the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag Property (26,202 ha) and JJB Property (15,423 ha) in the Bear Lake Corridor of BC Finlay Minerals is advancing the ATTY SAY and Silver Hope Properties that host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com 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 release Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements  Forward-looking statements are statements that are not historical facts and are generally identified by words such as "expect" "intend" or "believe" and similar expressions or their negative connotations or that events or conditions "will" "should" or "might" occur All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made Forward-looking statements in this news release include statements regarding the exploration plans for the Properties and the potential exercise of Freeport's option to acquire an interest in the Properties Although Finlay 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 forward-looking statements Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and continued availability of capital and financing and general economic These forward-looking statements are based on a number of assumptions including assumptions regarding general business and economic conditions the timing and receipt of regulatory and governmental approvals the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner the availability of financing for Finlay's proposed transactions and programs on reasonable terms and the ability of third-party service providers to deliver services in a timely manner 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   and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein Finlay does not assume any obligation to update or revise its forward-looking statements SOURCE finlay minerals ltd. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/02/c5071.html News Provided by Canada Newswire via QuoteMedia Empire Metals Limited (LON:EEE)(OTCQB:EPMLF) the AIM-listed and OTCQB-traded resource exploration and development company is pleased to inform investors of its upcoming participation in two key industry events: These events provide an opportunity for the Company to update shareholders and potential investors on recent developments and strategic plans including highlights from the ongoing exploration and development activities at the Pitfield Project and other key announcements made in recent weeks An updated corporate presentation, reflecting the Company's latest developments, is available on the Company's website at: https://www.empiremetals.com/investors/shareholder-documents/presentations/ For further information please visit www.empiremetals.co.uk or contact: Empire Metals is an AIM-listed and OTCQB-traded exploration and resource development company (LON:EEE)(OTCQB:EPMLF) with a primary focus on developing Pitfield an emerging giant titanium project in Western Australia The high-grade titanium discovery at Pitfield is of unprecedented scale with airborne surveys identifying a massive coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones The Company is focused on two key prospects (Cosgrove and Thomas) which have been identified as having thick An Exploration Target* for Pitfield was declared in 2024 covering the Thomas and Cosgrove mineral prospects and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2 Included within the total Exploration Target* is a subset that covers the weathered sandstone zone which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2 The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside Empire is now accelerating the economic development of Pitfield with a vision to produce a high-value titanium metal or pigment quality product at Pitfield to realise the full value potential of this exceptional deposit The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia in addition to three precious metals projects located in a historically high-grade gold producing region of Austria *The potential quantity and grade of the Exploration Target is conceptual in nature There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com Source Click here to connect with Empire Metals Limited (LON:EEE)(OTCQB:EPMLF) to receive an Investor Presentation Empire Metals (LON:EEE, OTCQB:EPMLF) is an exploration and resource development company focused on Australia gaining global recognition for its discovery and swift advancement of what is believed to be the world’s largest titanium deposit The company’s primary focus is the Pitfield project in Western Australia — a premier mining jurisdiction With over 1,000 square kilometres of land and a titanium-rich mineral system extending 40 kilometres in strike length Pitfield is shaping up to be a district-scale discovery with the potential to significantly influence the global titanium supply chain Empire’s focus on titanium comes at a pivotal time as it is officially recognized as a critical mineral by both the EU and the US for its essential role in aerospace Demand for titanium dioxide — the most widely used form — is surging while global supply is increasingly constrained by geopolitical risks With over 60 percent of supply concentrated in countries like China and Russia Western markets face growing vulnerabilities This Empire Metals profile is part of a paid investor education campaign.* Click here to connect with Empire Metals (LON:EEE) to receive an Investor Presentation Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces marketing activities intended to increase investor awareness about its royalty portfolio throughout 2025 The Company engaged Jefferson Financial for the distribution of an article in their Golden Opportunities newsletter for a fee of US$7,500 on April 3, 2025. Such fee will be paid in cash from the Company's cash on hand. U.S.-based Jefferson Financial produces invest-oriented newsletters, special reports and events including the New Orleans Investment Conference engage Jefferson Financial to distribute subsequent articles for similar fees The Company and Jefferson Financial are at arm's length and Jefferson Financial does not have any direct interest in the Company or its securities The Company engaged U.S.-based Trusted Causes LLC ("Trusted Causes") for the distribution of an article to audiences subscribed to the Headline USA Such fee will be paid in cash from the Company's cash on hand The emails have been or are to be distributed in April 2025 engage Trusted Causes to distribute subsequent articles for similar fees Trusted Causes is affiliated with Stefan Gleason The Company has granted an aggregate of 500,000 restricted share units ("RSUs") and 1,000,000 deferred share units ("DSUs") to certain officers and directors of the Company pursuant to its RSU/DSU plan ("RSU/DSU Plan") The RSUs will vest over a two-year term and DSUs vest immediately The grant of RSUs and DSUs is subject to acceptance by the TSX Venture Exchange Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars renewable energy generation and other applications battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution Electric Royalties has a growing portfolio of 43 royalties in lithium The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy Brendan YurikCEO, Electric Royalties Ltd.Phone: (604) 364‐3540Email: Brendan.yurik@electricroyalties.comhttps://www.electricroyalties.com/ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor any other regulatory body or securities exchange platform accepts responsibility for the adequacy or accuracy of this release Cautionary Statements Regarding Forward-Looking Information and Other Company Information This news release includes forward-looking information and forward-looking statements (collectively "forward-looking information") with respect to the Company within the meaning of Canadian securities laws This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information Forward looking information is typically identified by words such as: believe This information represents predictions and actual events or results may differ materially Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results industry trends and growth opportunities of the Company and the projects in which it holds royalty interests While management considers these assumptions to be reasonable Forward-looking statements involve known and unknown risks uncertainties and other factors which may cause the actual results performance or achievements of the Company or these projects to be materially different from any future results performance or achievements expressed or implied by the forward-looking statements but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources and/or inability to access sufficient capital on favourable terms; the mining industry generally income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations The reader is referred to the Company's most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at sedarplus.ca and at otcmarkets.com Source Click here to connect with Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) to receive an Investor Presentation Empire Metals (OTCQB:EPMLF, AIM:EEE) is unlocking one of the world’s largest and purest titanium deposits at its flagship Pitfield project in Western Australia. With growing global demand, a looming supply deficit, and near-term development milestones, Empire offers a compelling investment opportunity in the critical minerals space Empire Metals (OTCQB:EPMLF, AIM:EEE) is an Australian focused exploration and resource development company rapidly gaining international attention for its discovery and rapid development of what is believed to be the world’s largest titanium deposit The company is focused on advancing its flagship asset With a dominant landholding of more than 1,000 sq km and a titanium mineral system that spans 40 km in strike length Pitfield is emerging as a district-scale “giant” discovery with the potential to reshape the global titanium supply landscape Titanium has been designated as a critical mineral in both the EU and the US With more than 22,000 meters of drilling already completed and only a fraction of the mineral system tested Empire is aggressively advancing Pitfield towards a maiden JORC-compliant mineral resource estimate the company is also undertaking bulk sampling and metallurgical processing to advance flowsheet design and optimize product specifications It is also engaging with industry players to assess product suitability for premium pigment and titanium sponge markets a mining study to evaluate the potential for a low-cost strip mining approach The company is supported by a seasoned leadership team with deep expertise in exploration metallurgy and capital markets — ensuring that strategic decisions are guided by both technical excellence and a strong track record of value creation the Pitfield project is Empire Metals’ flagship asset and represents one of the most exciting titanium discoveries globally Spanning an area of approximately 1,042 sq km the project has revealed a colossal mineral system measuring 40 km in length and up to 8 km in width with geophysical indications of mineralization extending to at least a depth of 5 km Pitfield’s prime location in Western Australia Extensive drilling across the project has intercepted thick laterally continuous zones of high-grade titanium dioxide mineralization highlighting the system’s enormous scale and consistency The titanium at Pitfield occurs predominantly in the minerals anatase and rutile within a weathered often exceeding 90 percent titanium dioxide They are free from harmful amounts of contaminants like uranium chromium and phosphorus — qualities that are likely to make the deposit uniquely suitable for premium high-purity titanium applications in aerospace Pitfield is strategically located near the town of Three Springs approximately 150 km southeast of the port city of Geraldton The project benefits from direct access to essential infrastructure This connectivity significantly enhances development potential by reducing logistics costs and simplifying future project build-out the Western Australian government actively supports critical mineral development mining-friendly jurisdiction known for streamlined permitting and investment security Empire has completed more than 22,000 meters of drilling confirming standout titanium dioxide (TiO2) results such as 154 meters at 6.76 percent TiO2 mineralization remains open at depth in all tested zones only around 5 percent of the interpreted system has been drilled This underscores the immense upside potential for resource expansion The Pitfield project presents a scalable processing pathway Photo shows a gravity flotation test in process (left) and a close-up of a flotation test (right) Pitfield is advancing toward a maiden JORC-compliant mineral resource estimate The project is already being recognized as a potential cornerstone asset in the global titanium supply chain Empire Metals maintains a portfolio of early-stage exploration assets offering optionality and exposure to other strategic and precious metals Empire holds interests in two Western Australian projects — the Walton and Eclipse gold projects — both situated in historically productive mineral belts While these assets are not the current focus they contribute exploration upside and optionality within the company’s broader strategy Neil O’Brien is the former SVP exploration and new business development at Lundin He has an extensive global mining career as a PhD economic geologist Shaun Bunn is a metallurgist based in Perth with expertise in international exploration He has a successful track record managing mining projects through all stages of development and corporate finance and financial management expert He has extensive experience working with resources-focused AIM listed companies With more than 20 years of corporate and finance experience focused in the natural resources sector, Peter Damouni holds executive and director roles in TSXV and LSE listed companies where he has played key roles in significantly enhancing shareholder value Phil Brumit is a veteran mining engineer and operations expert His previous roles include international leadership positions at Freeport-McMoRan Narelle Marriott is a former BHP senior process engineer she was the general manager for process development for Hastings Technology Metals Andrew Faragher is a former Rio Tinto exploration manager with more than 25 years of experience working across multiple commodities Arabella Burwell is a former Senior Director Corporate Development at NASDAQ-listed GoDaddy and a Partner Capital Raising and Strategic Partnerships at Hannam & Partners in London and South Africa Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data We use cookies to analyze user behavior in order to constantly improve the website for you. Learn more (TSXV: XXIX) (QCCUF:OTCQB) ("XXIX" or the "Company") is pleased to announce that it has closed its arm's length acquisition of the remaining 50% ownership interest in the Roger Gold-Copper Project ("Roger" or the "Project") located in the prolific Chibougamau mining district of Quebec XXIX is acquiring the interest in the Project pursuant to option to purchase agreement dated October 18 2024 (the "Agreement") between the Company and SOQUEM Inc. a subsidiary of Investissement Québec ("SOQUEM") Roger spans 987-hectares and is located 5km from the historic mining center of Chibougamau It is easily accessible via all-season road Roger is an advanced-stage project and has gone through multiple drill campaigns totaling 58,000 metres underground exploration in 1988 included 1,177 metres of development 1,433 metres of underground drilling and over 1,000 metres of chip sampling The Project features an existing NI 43-101 compliant mineral resource estimate the Company released favourable and encouraging metallurgical results from the Project based on metallurgical compatibility with Opemiska including Northern Superior's (NSUP.V) Croteau Est deposit immediately to the north which hosts a 43-101 compliant inferred resource of 640,000 ounces of gold Roger is also contiguous with Dore Copper Mining Corp (CMDC.V) (Cygnus Metals' (CY5.AX)) Gwillim project Link to Roger Location Map Link to QC Copper and Gold Webinar - Strategic Acquisition of Roger Project Owning 100% of Roger provides the Company optionality to incorporate Roger into the future development plans of Opemiska or to conversely develop Roger as a standalone project favourable geology and significant resource upside XXIX has paid initial compensation to SOQUEM of $75,000 to maintain the option to acquire the interest in the Project XXIX will have to make further payments to SOQUEM as follows: $450,000 in common shares in the capital of XXIX ("Common Shares") on or before the first anniversary of the closing date; $425,000 in Common Shares on or before the second anniversary of the closing date; $375,000 in Common Shares on or before the third anniversary of the closing date; and $350,000 in Common Shares on or before the fourth anniversary of the closing date The number of Common Shares to be issued to SOQUEM will be calculated on the basis of the higher of: (i) an issue price per Common Share equal to the volume-weighted average price for the 10 days preceding the issue date subject to the maximum discount permitted under the policies of the TSX Venture Exchange or; (ii) $0.05 per Common Share In no event shall the amount of Common Shares to be issued to SOQUEM under the Agreement exceed 17,777,778 Common Shares (the "Share Cap") In the event that the Share Cap is reached the Issuer shall make all remaining payments owed to SOQUEM in cash the Company has also granted SOQUEM a 2.0% net smelter royalty in respect of the Project (the "NSR") The Issuer may repurchase 1% of the NSR by paying $1,500,000 to SOQUEM in cash The Issuer may re-purchase the remaining 1% by paying $3,000,000 to SOQUEM in cash XXIX is pleased to announce that it entered into and has closed an amending agreement (the "Amending Agreement") to the option agreement dated February 26 2020 (the "Option Agreement") between the Company and 2736-1179 Quebec Inc. under which XXIX holds the option to acquire a 100% interest in the Cooke-Robitaille property located immediately east of the town of Chapais the Company has extended the date by which XXIX must complete its final $1,500,000 in work obligations on the Property As consideration for entering into the Amending Agreement the Company has issued a total of 500,000 common shares in the capital of the Company ("Common Shares") to the Optioner the new date by which XXIX must complete the final $1,500,000 in work obligations on the Property is July 14 There are no finders fees payable in connection with the Amending Agreement The Common Shares issued to the Optioners are subject a four-month and one-day hold period in accordance with applicable securities laws The technical information contained in this news release has been reviewed and approved by Charles Beaudry Director and Vice President Exploration for XXIX Metal Corp. Standards of Disclosure for Mineral Projects." XXIX is advancing its Opemiska and Thierry Copper projects spans 13,000 hectares in Quebec's Chapais-Chibougamau region with strong infrastructure and nearby access to the Horne Smelter A January 2024 resource update reported a 16% increase in contained Copper Equivalent (CuEq) and a 10% grade boost including 87.3 million tonnes at 0.93% CuEq (Measured & Indicated) and additional Out of Pit resources The Thierry Project hosts two past-producing open pits that transitioned to underground mining-producing 5.8Mt @ 1.13% Cu copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda Stephen Stewart, Chief Executive OfficerPhone: 416.644.1567Email: info@oregroup.ca Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information there may be other factors that cause results not to be as anticipated readers should not place undue reliance on forward-looking information The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws 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 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235458 SOURCE: XXIX Metal Corp. Sign Up Company Profile Mining and Metals which emerged from the ashes of creditor protection in March is hoping to reach new heights at Chibougamau deep in the boreal forests of northern Quebec.Campbell lost $24.4 million.. You've reached your limit of free weekly articles Keep reading The Northern Miner with a TNM NEWS+MARKETS Membership TNM Memberships is your key to unlocking access to the best news * Credit card required to begin free trial Your card will be charged 14 days from signup You will receive an email notification seven (7) days before the free trial period ends Enjoy unlimited News Stories and Specialty Digests along with Mining and Metal Market insights as part of your NEWS+MARKETS Membership Or go even deeper with our Global Mining Data platform Policies & Terms Subscription options Republishing License Advertise By continuing to browse you agree to our use of cookies. To learn more, click more information Accept Close The latest announcement is out from Cygnus Metals Limited ( (AU:CY5) ) Cygnus Metals Limited has made significant progress in its Chibougamau Project with successful exploration activities revealing high-grade copper-gold intersections both within and outside existing Mineral Resources The company has deployed two diamond drill rigs and is focusing on converting Inferred Resources to Indicated Resources aiming to create shareholder value through resource growth and discovery Cygnus has expanded its land holdings and secured funding to support infrastructure development positioning itself for future growth in the mining sector Cygnus Metals Limited operates in the mining industry focusing on the exploration and development of copper and gold resources The company is actively involved in the Chibougamau Project in Canada where it aims to grow and upgrade its copper-gold resource base The company has recently merged with Doré Copper Find detailed analytics on CY5 stock on TipRanks’ Stock Analysis page Disclaimer & DisclosureReport an Issue The latest announcement is out from Cygnus Metals Limited ( (AU:CY5) ) Disclaimer & DisclosureReport an Issue Cygnus Metals (ASX:CY5) has expanded its landholding by 50% at the Chibougamau Copper-Gold Project in Québec which have seen limited modern exploration in the past 20 years have increased the total landholding to 282km2 which has a market capitalisation of $101.79 million says two diamond drill rigs are set to arrive onsite targeting resource growth and priority brownfield exploration targets.  Executive Chairman David Southam says the company’s immediate strategy is to create value through exploration at Chibougamau.  “Expanding our ground position increases the upside at the project and reflects our strong belief in the immense exploration and resource growth potential,” Southam says.  “All of this newly staked land is adjacent to the high-grade Chibougamau mining camp which has an incredible production record dating back over 65 years producing almost 1 million tonnes of copper and 3.5 million ounces of gold.” The Chibougamau Project has a measured and indicated mineral resource of 3.6 million tonnes at 3% copper-equivalent and an inferred resource of 7.2 million tonnes at 3.8% copper-equivalent.  Cygnus Metals is a diversified critical minerals explorer and developer with assets in Canada and Western Australia.   Write to Aaliyah Rogan at Mining.com.au    Unico Silver makes ‘multiple new discoveries’ at Cerro Leon Unico Silver (ASX:USL) says the final results from phase-two diamond drilling at.. Dateline Resources pursues OTCQB listing in US North Bay advances gold production optimisation  Gilded market: Has jewellery demand lost lustre? ASX ends winning streak as energy sector... Critica readies to drill satellite rare earths... Metro on track to hit 2025 bauxite... ASX shifts down a gear Stay Informed on up-to-the-minute mining news Get the best articles straight to your inbox ASX ends winning streak as energy sector tumbles05 May, 2025 Military Metals discusses antimony exploration in Slovakia05 May, 2025 Unico Silver makes ‘multiple new discoveries’ at Cerro Leon05 May, 2025 Critica readies to drill satellite rare earths targets    05 May, 2025 Two diamond drill rigs about to arrive on site as part of strategy to grow the resource and test brownfield exploration targets David Southam said: “Our immediate strategy is to create value through exploration at Chibougamau and we are wasting no time executing this aspect of our plan “Expanding our ground position increases the upside at the project and reflects our strong belief in the immense exploration and resource growth potential producing almost 1 million tonnes of copper and 3.5 million ounces of gold” 2025 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX: CY5; TSXV: CYG) (“Cygnus” or the “Company”) is pleased to announce that it has expanded its land holding by 50 per cent at the Chibougamau Copper-Gold Project in Quebec Cygnus recently completed its transformative merger with Doré Copper Mining Corporation creating a new leading player in the critical minerals sector with a strategic focus on high-grade copper and lithium assets in Quebec A key motivation behind the merger was to advance the Chibougamau Copper-Gold Project which has established high-grade mineral resources of: Measured and Indicated Mineral Resources of 3.6Mt at 3.0% CuEq and Inferred Mineral Resources of 7.2Mt at 3.8% CuEq (refer to Appendix A)1 The multi-pronged value creation strategy has a strong focus on resource growth and brownfield exploration with significant potential for additional discovery in the region Part of that strategy was to bolster the ground position and provide additional exploration opportunity in a world-class mineral terrane that has historically produced nearly 1Mt of copper and 3.5Moz of gold over a 65 year history.2 This large and well-endowed mineral system is driven by the central Chibougamau Pluton with the recently acquired ground adding more of this highly prospective geology to the combined project The new claims have been acquired at minimal cost to Cygnus being newly staked and open ground immediately surrounding the existing project and are principally in the anorthosite band that surrounds the Chibougamau Pluton which typically host mineral deposits in the Chibougamau mining camp 174 claims have been staked for 97km2 taking the combined Chibougamau Copper-Gold Project to 282km2 This provides an excellent platform to drive growth through exploration in a highly prospective district In line with the Company’s resource growth strategy drilling is about to start with two diamond drill rigs This initial program will focus on resource growth opportunities surrounding some of the existing deposits aiming to build upon the existing high-grade resources The Company looks forward to a high volume of news flow during 2025 with ongoing drilling updates and results Figure 1: Newly staked ground over the highly prospective Chibougamau Pluton and surrounding anorthositic host rock Canada approximately 480km due north of Montreal The province of Quebec has been recognised as a top ten global mining investment jurisdiction in the 2023 Fraser Institute Annual Survey of Mining Companies The Project has excellent infrastructure with a local mining town regional rail infrastructure and access to hydro power via installed powerlines The Project is centred on the Chibougamau Pluton with historic production in the Chibougamau mining district of 53.5Mt @ 3.4% CuEq2 from periodic mining between the early 1900s and 2008 the district has produced nearly 1Mt of copper and 3.5Moz of gold from 16 former producing mines.2 The Project has high-grade resources including Measured and Indicated Mineral Resources of 3.6Mt at 3.0% CuEq and Inferred Mineral Resources of 7.2Mt at 3.8% CuEq with significant potential to grow (refer to Appendix A).1 The Company sees substantial opportunity to create shareholder value by an established high-grade resource with opportunity for growth 900ktpa processing facility and clear pathway to production all within a quality endowed mineral terrane that has seen minimal modern exploration Figure 2: Location of the Chibougamau Project relative to other major deposits and processing facilities.3 This announcement has been authorised for release by the Board of Directors of Cygnus TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec and REE and base metal projects in Western Australia The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value This document contains “forward-looking information” and “forward-looking statements” which are based on the assumptions analysis and opinions of management made in light of its experience and its perception of trends current conditions and expected developments as well as other factors that management of Cygnus believes to be relevant and reasonable in the circumstances at the date that such statements are made Forward-looking statements include statements that are predictive in nature depend upon or refer to future events or conditions or negative versions thereof and other similar expressions or future or conditional verbs such as ‘may’ Although Cygnus and its management believe that the assumptions and expectations represented by such information are reasonable there can be no assurance that the forward-looking information will prove to be accurate Forward-looking information involves known and unknown risks and other factors which may cause the actual results performance or achievements of Cygnus to be materially different from any anticipated future results performance or achievements expressed or implied by such forward-looking information the actual results of current or future exploration changes in project parameters as plans continue to be evaluated permitting and legal climate that Cygnus operates in as well as those factors disclosed in Cygnus’ publicly filed documents No representation or warranty is made as to the accuracy completeness or reliability of the information and readers should not place undue reliance on forward-looking information or rely on this document as a recommendation or forecast by Cygnus Cygnus does not undertake to update any forward-looking information except in accordance with applicable securities laws Qualified Persons and Compliance Statements The scientific and technical information in this news release has been reviewed and approved by Ms Laurence Huss a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects The Company first announced the foreign estimate of mineralisation for the Chibougamau Project on 15 October 2024 The Company confirms that the supporting information included in the announcement of 15 October 2024 continues to apply and has not materially changed Cygnus confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed Cygnus confirms that its is not in possession of any new information or data that materially impacts on the reliability of the estimates or Cygnus’ ability to verify the foreign estimates as mineral resources in accordance with the JORC Code The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release APPENDIX A – Chibougamau Copper-Gold Project – Foreign Estimate Disclosures as at 30 March 2022 1 The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with the JORC Code and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c232825e-b414-4476-bfbb-922828189faa https://www.globenewswire.com/NewsRoom/AttachmentNg/8c5a2c23-3e19-429c-9a31-064227e84b29 Investment will contribute towards feasibility work for key infrastructure between the mines and the Chibougamau Processing Facility 2025 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX: CY5; TSXV: CYG) (“Cygnus” or the “Company”) is pleased to announce that that its subsidiary has received conditional approval from the Critical Minerals Infrastructure Fund (“CMIF”) for up to a C$1.3 million investment for pre-construction milestones of its proposed hub-and-spoke operation in the Chibougamau mining camp in northern Quebec pending final due diligence by Natural Resources Canada (“NRCan”) and the execution of a definitive contribution agreement will support eligible expenses related to the completion of pre-construction milestones including a feasibility study and environmental and social impact assessment (“ESIA”) to support two-lane gravel roads and 25-kV electrical powerlines required for the future underground mines to operate between the Devlin and Corner Bay deposits and the Chibougamau Processing Facility Canada’s Minister of Energy and Natural Resources announced up to C$43.5 million in investments from the CMIF and the Critical Minerals Research Development and Demonstration program for seven projects that will help to advance critical minerals research and infrastructure developments in Quebec Cygnus’ President and Managing Director spoke at the event and thanked the government for their support Quebec’s Minister of Natural Resources and Forests announced up to C$545 million in funding for several programs and projects that will help to advance shared climate priorities and infrastructure developments in Quebec the Ministers also announced the beginning of formal collaboration under the Quebec–Canada Collaboration Table on Resources and Energy to help ensure the province realises its full potential in a net-zero emissions world Critical Minerals Infrastructure Fund (“CMIF”) The CMIF is Natural Resources Canada’s flagship program under the Canadian Critical Minerals Strategy to support enabling clean energy and transportation infrastructure projects necessary to increase Canada’s supply of responsibly sourced critical minerals and the development of domestic and global value chains for the green and digital economy The Project has high-grade resources including Measured and Indicated Mineral Resources of 3.6Mt at 3.0% CuEq and Inferred Mineral Resources of 7.2Mt at 3.8% CuEq with significant potential to grow (refer to Table 1).1 ________________________1 The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards QUALIFIED PERSON AND COMPLIANCE STATEMENTS The Company first announced the foreign estimate of mineralisation for the Chibougamau Project on 15 October 2024 which was prepared by Qualified Person (“QP”) Luke Evans The Company confirms that the supporting information included in the announcement of 15 October 2024 continues to apply and has not materially changed notwithstanding the clarification announcement released by Cygnus on 28 January 2025 (“Clarification”) Cygnus confirms that (notwithstanding the Clarification) it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed Cygnus confirms that it is not in possession of any new information or data relating to the foreign estimate that materially impacts on the reliability of the estimates or Cygnus’ ability to verify the foreign estimates as mineral resources in accordance with the JORC Code The Company confirms that the supporting information provided in the original market announcement continues to apply and has not materially changed Metal equivalents for the foreign estimate have been calculated at a copper price of US$8,750/t copper equivalents calculated based on the formula CuEq (%) = Cu(%) + (Au (g/t) x 0.77258) Metallurgical recovery factors have been applied to the copper equivalents calculations with copper metallurgical recovery assumed at 95% and gold metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025 It is the Company’s view that all elements in the copper equivalent calculations have a reasonable potential to be recovered and sold Table 1: Chibougamau Copper-Gold Project – Foreign Mineral Resource Estimate Disclosures as at 30 March 2022 The outstanding intersection of 7.3m at 4.2% Cu reveals a potential new lode ~250m from the main deposit; Follow-up downhole EM identifies a large off-hole conductor; Two diamond drill rigs currently on site 1 The Mineral Resource Estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards 2025 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX: CY5; TSXV: CYG) (“Cygnus” or the “Company”) is pleased to announce that it has made an outstanding start to its exploration campaign at the Chibougamau Copper-Gold Project in Quebec with the first hole returning assays of up to 2.5m @ 9.1% Copper Prior to the merger of Cygnus and Doré Copper Mining Corp both teams executed a targeted exploration program to test the immediate areas around the Corner Bay deposit looking for both additional structures and extensions to the current resource The first drillhole from this program has returned an intersection of 7.3m @ 4.2% Cu 0.5g/t Au & 31.4g/t Ag from a potential new lode ~250m east of the existing resource in the footwall of the Corner Bay deposit Follow up downhole electromagnetics has since defined a significant off hole electromagnetic anomaly (530m x 460m) to the north and down dip of the intersection that has yet to be tested by drilling Image 1: High grade drill core from CB-24-100 intersecting 7.3m @ @ 4.2% Cu Image showing core between 321.9m and 322.6m Figure 1: Long section of the Corner Bay deposit with potential new lode in the footwall of the main deposit Large 530mx460m untested EM plate along with further untested EM plates to the south About the Drilling and Geophysical Results The first hole of the program (CB-24-100) targeting the footwall of the Corner Bay deposit has intersected a potential new sub parallel lode with a high-grade drill result of 7.3m @ 4.2% Cu The result highlights the potential for multiple sub-parallel lodes at the Corner Bay deposit analogous to other well-known deposits in the region This new structure sits 250m to the east of the Main Lode at Corner Bay in an area with very little drilling This presents an exciting target for follow up drilling and an opportunity to add to the existing resources at Corner Bay follow up electromagnetics (‘EM’) completed on the recent drilling has defined a large (530m x 460m) conductive plate offset to the north and down dip of drillhole CB-24-100 EM is known to correspond well with the mineralisation style at the Chibougamau mining camp being primarily composed of chalcopyrite with minor amounts of pyrite and pyrrhotite airborne EM has been used to make some of the discoveries in the region although ground and downhole EM has been underutilised in more recent times The large EM plate provides a priority target for follow up exploration along this structure Figure 2: Plan view of the Corner Bay deposit with potential new lode to the east of the Main Lode at Corner Bay Also illustrating other untested EM plates drilling is underway with two diamond drill rigs Cygnus’ flagship Corner Bay deposit within the Chibougamau Project is located 17km (straight line) south of the Chibougamau processing facility The deposit was discovered in the 1980s and has never been mined although ramp access was established to 115m for the purpose of initial bulk sampling test work The deposit is the primary resource in the combined Project resources making up 79% of the total resource with Indicated Mineral Resources of 2.7Mt @ 2.7% Cu & 0.3g/t Au and Inferred Mineral Resources of 5.9Mt @ 3.4% Cu and 0.3g/t Au.1 Mineralisation extends from surface and has been defined over 1,000m of strike and to a depth of 1,350m with mineralisation remaining open in all directions The mineralisation is structurally controlled and hosted as a north-south striking quartz-carbonate vein with semi massive chalcopyrite and minor pyrite mineralisation The main lode has been crosscut and offset by a large diabase dyke with an upper and lower portion of the lode positioned either side of the dyke The Corner Bay deposit sits on the southern flank of the Chibougamau pluton and has seen minimal exploration compared to the north The northern flank is host to 16 mined deposits and has contributed a significant portion of the regions historic production ~945,000t of copper and 3.5Moz of gold.2 Corner Bay in the south shares comparable lithological and structural characteristics to the northern deposits multiple sub-parallel lodes were subsequently discovered within the same structural corridor Due to the relatively early stage of defining the Corner Bay deposit potential parallel lodes and resource extension have not yet been properly explored and the latest intersection highlights the potential for additional sub-parallel lodes within the immediate vicinity of the current resources The Chibougamau copper-gold project (“Chibougamau Project”) is located in central Quebec The project has excellent infrastructure with a local mining town The Chibougamau Project is centred on the Chibougamau pluton with a district wide historic production of 53.5Mt @ 1.8% Cu and 2.1g/t Au2 with periodic mining between the early 1900s and 2008 the district has produced over 945,000t of copper and 3.5Moz of gold from 16 former producing mines.2 The Chibougamau Project has high-grade resources including a Measured and Indicated Mineral Resources of 3.6Mt at 2.5% Cu & 0.6g/t Au and Inferred Mineral Resources of 7.2Mt at 3.0% Cu & 1.1g/t Au with significant potential to grow.1 The Company sees a huge opportunity to create shareholder value by an established high-grade resource with opportunity for growth Figure 3: Location of the Chibougamau Project relative to other major deposits and processing facilities.3 The scientific and technical information in this news release has been reviewed and approved by Mr Louis Beaupre The Exploration Results disclosed in this announcement are also based on and fairly represent information and supporting documentation compiled by Mr Beaupre Mr Beaupre is a member of the Ordre des ingenieurs du Quebec (P Eng) a Registered Overseas Professional Organisation as defined in the ASX Listing Rules and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results Mr Beaupre consents to the inclusion in this release of the matters based on the information in the form and context in which they appear The Company confirms that the supporting information included in the original announcement continues to apply and has not materially changed Intercept lengths may not add up due to rounding to the appropriate reporting precision Significant intersections reported above 0.5% copper or 0.5g/t gold over widths of greater than 1m containing a maximum of 3m internal waste The true width is estimated at approximately 75% of the downhole width APPENDIX B – Chibougamau Copper-Gold Project – Foreign Mineral Resource Estimate Disclosures as at 30 March 2022 Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Photos accompanying this announcement are available at:  https://www.globenewswire.com/NewsRoom/AttachmentNg/d4226cfa-c57c-44d7-b1cb-f150e81bf696 https://www.globenewswire.com/NewsRoom/AttachmentNg/ecb1a5d2-37ba-4270-9bdf-bb9b65091a5d https://www.globenewswire.com/NewsRoom/AttachmentNg/96fc0ed6-dca0-457b-803c-8c010a1ac7f5 https://www.globenewswire.com/NewsRoom/AttachmentNg/e2c4ab7d-c281-4baf-894f-4c4464869e14 The new copper- and lithium-focused company will be listed on the ASX and TSXV Cygnus Metals and Doré Copper Mining said on Wednesday (January 1) that they have completed their merger The combined entity will be a critical minerals explorer and developer with two core assets in Québec The company has also applied to list on the OTCQB under the ticker symbol CYGGF The merger of equals between Cygnus and Doré was announced this past October with the companies emphasizing at the time that the deal would create value for shareholders on both sides each former Doré shareholder will receive 1.8297 Cygnus shares for each share they held before the transaction was finalised "By combining the proven exploration and management skills of the Cygnus team with the high-grade resource and immense upside at the Chibougamau Copper-Gold Project we have the potential to unlock substantial value," Cygnus Executive Chair David Southam said at the time adding that plans for "aggressive exploration" were in the works The new company's two main assets are the Chibougamau copper-gold project and the James Bay lithium project Chibougamau currently has a measured and indicated resource of 3.6 million metric tons at 3 percent copper equivalent and an inferred resource of 7.2 million metric tons at 3.8 percent copper equivalent James Bay's Pontax project holds a resource of 10.1 million metric tons at 1.04 percent lithium oxide Doré brought the Chibougamau asset to the table and in Wednesday's release former President and CEO Ernest Mast said the Cygnus team has the ability to maximize the value of the project additional expertise and the strategy aimed at generating superior shareholder returns with an exciting exploration program at Chibougamau,” he noted Southam will now act as executive chair of the new company while Mast will hold the position of president and managing director in Canada The board will also have two non-executive directors from each of the merged companies Cygnus said that results from a pre-Christmas drill program at Chibougamau are expected to be released early this quarter the company will begin a drilling and geophysics program at the site Don’t forget to follow us @INN_Resource for real-time news updates hold no direct investment interest in any company mentioned in this article Get the trends and expert predictions you need to stay ahead of the markets Learn About Exciting Investing Opportunities in the Base Metals Sector Gabbie graduated with a journalism degree from Colegio de San Juan de Letran - Manila and has produced articles on a variety of topics Her creative portfolio includes written work on architecture Gabbie covers the Australian market for the Investing News Network exploring the international coffee culture and fighting for queer rights Writer Learn about our editorial policies. Copper-gold exploration and development in the Chibougamau area of Québec boasting a high-grade copper and gold resource of 10.8 million tons @ 3.5 percent copper equivalent and existing infrastructure that includes a 900 ktpa processing facility The company is strategically positioned to become Quebec's next copper producer The company’s overarching goal is to establish itself as Quebec’s next copper producer Cygnus Metals is currently focused on advancing the Chibougamau project which is located within an area known for its historical copper and gold production provides strong support for mineral exploration and development It ranks highly in the Fraser Institute’s rankings of mining-friendly jurisdictions and access to well-established infrastructure The broader management and technical teams bring a wealth of operational expertise with several individuals having extensive experience in exploration and mining operations in Canada and internationally Location of the Chibougamau Project relative to other major deposits and processing facilities Cygnus Metals' assets are located within two well-known mining regions in Quebec The company’s current strategy revolves around a hub-and-spoke model with the Copper Rand mill serving as the processing hub the Chibougamau copper gold project spans 187 sq km and includes a 900 ktpa processing plant and existing major infrastructure The project consists of seven exploration targets three of which have an existing mineral resource 10.8 million tons @ 3.5 percent copper equivalent The Chibougamau region has a rich mining history dating back to the early 1900s the district has produced some 53.5 Mt @ 3.4 percent copper equivalent (1.8 percent copper and 2.1 grams per ton gold) for 945,000 of copper and 3.5 Moz of gold and the concentrate is of high commercial quality Cygnus is focused on growing the mineral resources base at the Chibougamau project and move towards a feasibility study. The resource base, which currently stands at 3.6 Mt of measured and indicated mineral resources at 3 percent copper equivalent and 7.2 Mt of inferred mineral resources at 3.8 percent copper equivalent for a total of 10.8 Mt at 3.5 percent copper equivalent for 306 kt copper and 314 koz gold The project includes three key assets with existing– Corner Bay Cedar Bay and Joe Mann – all located within 50 km of the central 900 ktpa processing facility The Corner Bay deposit is the cornerstone of the project demonstrating exceptional grades and exploration potential positioning it as one of the highest-grade copper projects in North America includes 2.7 million tonnes of indicated resources at a grade of 2.66 percent copper and 5.8 million tonnes of inferred resources at a grade of 3.44 percent copper The deposit remains open in several directions and at depth suggesting that further drilling could potentially expand the resource base and extend the mine life Newly staked ground over the highly prospective Chibougamau Pluton and surrounding anorthositic host rock Devlin is a smaller satellite deposit located approximately 10 kilometers west of Corner Bay The project has a measured and indicated resource of 775,000 tonnes at a grade of 2.17 percent copper along with an inferred resource of 484,000 tonnes at a grade of 1.79 percent copper While Devlin’s size is modest compared to Corner Bay it plays a crucial role in Cygnus Metals' hub-and-spoke mining strategy Ore from Devlin will be transported to Corner Bay for pre-concentration before being trucked to the Copper Rand mill for final processing The company is planning to employ room-and-pillar and drift-and-fill mining methods at Devlin with operations expected to commence shortly after Corner Bay comes online and 230,000 tons of inferred resources at a grade of 8.32 grams per ton gold and 2,13 percent copper The Joe Mann gold-copper deposit is another component of Cygnus Metals' hub-and-spoke strategy. Located 60 km south of the Copper Rand mill, Joe Mann produced 1.2 million ounces of gold and 28 million pounds of copper over its mine life at an average grade of 8.26 grams per ton gold and 0.25 percent copper The current resource estimate includes 608,000 tons of inferred resources with an average grade of 6.78 grams per ton gold and 0.24 percent copper David Southam is highly experienced in operations project development and capital markets across the resources and industrial sectors He was previously the managing director of Mincor Resources Southam is non-executive director of Ramelius Resources and non-exec chair of Andean Silver Limited Ernest Mast has 30 years of experience in various technical and executive roles in the mining industry Mast previously held the positions of president and chief executive officer at Primero Mining vice president of corporate development at Copper Mountain Mining vice president of operations at New Gold and president and CEO of Minera Panama S.A. developing the $6 billion Cobre Panama project Mast began his career with Noranda and its affiliates where he took on roles of increasing responsibility over a 20-year timeframe Mast is a member of l’Ordre des ingénieurs du Québec and has a bachelors’ and masters’ degree in metallurgical engineering from McGill University Mast also received post-secondary business training at Henley College in the UK and at the Universidad Catolica in Chile Mario Stifano is a seasoned mining executive and chartered professional accountant with over 16 years of experience working with exploration development and producing mining companies Stifano is currently the chief executive officer of Galantas Gold Stifano has held a number of senior executive positions including chief executive officer of Cordoba Minerals executive chairman with Mega Precious Metals vice president and chief financial officer with Lake Shore Gold and vice president and chief financial officer of Ivernia Stifano has been instrumental in raising over $700 million to explore and fund mining projects including raising over $500 million at Lake Shore Gold to develop three gold mines which are currently producing over 180,000 ounces of gold annually and are now part of the Canadian assets within Pan American Silver Kevin Tomlinson is a structural geologist and investment banker He is the non-executive chair of Bellevue Gold and of FireFly Metals Tomlinson has a successful track record in base and precious metals project development Raymond Shorrocks brings a wealth of experience in corporate finance stockbroking and financial services in Ontario He was the previous non-executive chair of FireFly Metals and Bellevue Gold He is the executive chair of Alicanto Minerals Brent Omland is the co-CEO of Ocean Partners providing a range of trading services for miners He is a chartered accountant and has held CFO roles for publicly listed companies in the resources industry 2024 (GLOBE NEWSWIRE) -- CHIBOUGAMAU INDEPENDENT MINES INC Stuttgart and Lang & Schwarz Stock Exchanges in Germany CMAUF-OTC in the US) and GLOBEX MINING ENTERPRISES INC Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) are pleased to update shareholders of the following: (CERT-TSXV) reported today that funds received from the sale of their Monte Do Carmo project in Brazil will be used in part to “complete a feasibility study of our very robust Mont Sorcier Iron Ore Project” on which both Chibougamau Independent Mines and Globex Mining Enterprises Inc hold Gross Metal Royalties of 2% (all minerals) and 1% (iron and all minerals excluding vanadium) respectively Globex also holds 11,000,000 shares of Electric Royalties (ELEC-TSXV) which has a 1% Gross Metal Royalty on vanadium production from the property Per today’s Cerrado press release “Cerrado holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium project which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces contributing to the decarbonization of the industry and the achievement of SDG goals.” President and CEO of Globex Mining Enterprises Inc and Chibougamau Independent Mines Inc wrote this press release in his capacity as a Qualified Person (Q.P.) under applicable regulations 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 the release The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release The combined company now owns Doré's Chibougamau copper-gold project in Québec and Cygnus’ James Bay lithium projects Australia-based Cygnus Metals and Doré Copper Mining have completed their merger creating a dual-listed critical minerals company The newly formed exploration and development company is now dual-listed on the Australian Securities Exchange and the TSX Venture Exchange Cygnus acquired all issued and outstanding common shares of Doré Copper through a Canadian statutory plan of arrangement According to the terms of the arrangement agreement each former Doré shareholder will receive 1.8297 Cygnus shares for each share they held before the transaction is finalised Doré option and warrant holders have also been granted equivalent unquoted options in Cygnus the combined company owns Doré’s Chibougamau copper-gold project in Québec and Cygnus’ James Bay lithium projects Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis The Chibougamau project has reported 3.6 million tonnes at 3% copper equivalent in measured and indicated mineral resources and 7.2 million tonnes at 3.8% copper equivalent in inferred mineral resources The merged company plans to capitalise on Cygnus and Doré’s combined exploration and development expertise to enhance resources at the Chibougamau project and progress the lithium exploration at James Bay Cygnus executive chair David Southam said: “This merger is an exceptional opportunity to create value for both groups of shareholders “By combining the proven exploration and management skills of the Cygnus team with the high-grade resource and immense upside at the Chibougamau Copper-Gold Project we have the potential to unlock substantial value.” Cygnus Metals plans to carry out an exploration drilling campaign at the Chibougamau project in 2025 The combined company’s new board of directors consists of six members with equal representation from both Cygnus and Doré Doré CEO Ernest Mast said: “This merger will provide the funding additional expertise and the strategy aimed at generating superior shareholder returns with an exciting exploration programme at Chibougamau.” Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network. TORONTO, Jan. 01, 2025 (GLOBE NEWSWIRE) -- Former Doré President & CEO Ernest Mast said: “The Doré team is delighted to work with the Cygnus team to create a critical minerals company and to maximise the value of what we know is an outstanding asset at Chibougamau. This merger will provide the funding, additional expertise and the strategy aimed at generating superior shareholder returns with an exciting exploration program at Chibougamau”. On 31 December 2024, Cygnus acquired all of the issued and outstanding common shares of Doré (“Doré Shares”) by way of a Canadian statutory plan of arrangement, finalising the integration of the two companies into a unified, dual-listed critical minerals company. Under the terms of the arrangement agreement, each former Doré shareholder is entitled to receive 1.8297 fully paid ordinary Cygnus shares (“Cygnus Shares”) for each Doré Share held immediately prior to the close of the transaction (“Exchange Ratio”). In addition, holders of outstanding Doré options and warrants have been issued equivalent unquoted options in Cygnus, adjusted to the Exchange Ratio. The issued capital of Cygnus following completion of the merger is set out below. It is anticipated that the Doré Shares will be delisted from the TSXV at market close on or about 2 January 2025 and will cease to be quoted on the OTCQB and FRA shortly thereafter. For more information on the merger, see Doré’s management information circular dated 13 November 2024, filed under Doré’s profile on SEDAR+ at www.sedarplus.ca on 19 November 2024. The strategic rationale for the merger is supported by a shared commitment to growth and value creation. The merged company will leverage the exploration and development expertise of Cygnus and Doré to expand resources at Chibougamau while advancing the lithium exploration program in James Bay. With Quebec recognised as a leading jurisdiction for critical minerals exploration, the merged entity is well-positioned to benefit from strong government and community support. Following the completion of the merger, Cygnus will embark on a new phase of growth, focusing on integrating operations, driving exploration success, and progressing towards development milestones. Shareholders are encouraged to monitor updates on the expected TSXV and OTCQB listing and quotation, resepctively, and operational developments as the Company advances its dual strategy of copper and lithium development. The newly formed Board of Directors for the merged entity has been carefully structured to ensure balanced representation and expertise from both Cygnus and Doré. The Board now comprises six members, with three directors from each of Cygnus and Doré. Key executives in the merged group are as follows: Pursuant to the completion of the merger, 310,662,984 Cygnus Shares were issued to Doré shareholders. Following completion of the merger, the issued capital of Cygnus is as follows: By virtue of Cygnus’ acquisition of all of the shares of Doré by way of statutory plan of arrangement, Cygnus is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will be filed under Doré’s SEDAR+ profile at www.sedarplus.ca. A copy of the early warning report may also be obtained from Maddison Cramer, Joint Company Secretary, at +61 8 9220 9030. This announcement has been authorised for release by the Board of Directors of Cygnus. The scientific and technical information in this news release has been reviewed and approved by Ms Laurence Huss, the Quebec In-Country Manager of Cygnus, a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. APPENDIX B – Key Terms of Ernest Mast’s Engagement ____________________1 The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with the JORC Code, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code. Something went wrong.The page you are looking for could not be found The target area is shown on the map below. Other portions of the Muus project have historic close-spaced magnetic data, which will be merged with the new data. Terrascope Inc. has mobilized and begun the survey. Monday - Friday 9am-12pm / 2pm-6pm GMT + 1 All financial news and data tailored to specific country editions Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. © Maxime BrouilletThe mixed structural system allows for large spans The system also allows for reduced roof thickness while contributing to the interior shading strategy through its generous overhangs The curtain walls provide natural light as well as improved energy efficiency and contribute to structural bracing while the clerestory acts as a load-bearing axis eliminating the need for a structural beam highly efficient approach underlines the project’s core design principles: transparency You'll now receive updates based on what you follow Personalize your stream and start following your favorite authors If you have done all of this and still can't find the email a family-owned company that has been manufacturing and marketing forest products since 1961 has entered into an agreement with GreenFirst Forest Products to acquire all of the company's Quebec operations namely the La Sarre and Béarn sawmills and related forestry operations Formerly owned by Tembec and then by RYAM-Rayonier as of 2017 which are part of Quebec's rich forestry heritage have been owned by GreenFirst Forest Products since August 2021 The 320 men and women who work for GreenFirst Forest Products in Quebec today would become part of the Chantiers Chibougamau family after the transaction closes The acquisition of GreenFirst's operations is in line with Chantiers Chibougamau's desire to consolidate its existing operations and to continue to increase the group's autonomy and resilience to better deal with fluctuations in the wood industry will be able to count on more high-performance lumber for engineered wood kraft pulp production at the Nordic Kraft plant in Lebel-sur-Quévillon will benefit from greater stability of its long-term chip supplies while the team at Scierie Landrienne and those at the two Abitibi-Témiscamingue plants will benefit from the addition of everyone's talents and skills operations related to the Béarn and La Sarre sawmills are based on a long-term commitment to Forest Stewardship Council certification as it's the case for Chantiers Chibougamau "This transaction is consistent with our nearly 60 years of existence guided by increasing our autonomy in all our activities We are not looking to expand for the sake of growth but to make each of the links in the chain that we make up stronger We are also proceeding with this transaction because we firmly believe in the relevance and future of cutting and processing trees in Quebec in the long term to meet the needs of the fight against climate change through our products but we first choose the talent and work ethic of the men and women who give life to these mills in Béarn and La Sarre We look forward to getting to know them and welcoming them to our team defined by proximity               - Frédéric Verreault The transaction is subject to the approval of the Canadian Competition Bureau and is expected to close in the first quarter of 2023 Chantiers Chibougamau commends the cooperation of GreenFirst Forest Products its management and its partners in the implementation of this transaction has been manufacturing and marketing highly competitive forestry products since 1961. More than 1150 people work at Chantiers Chibougamau making it the largest employer in the municipalities of Chibougamau and Lebel-sur-Quévillon (Nordic Kraft) and consequently in the entire Northern Quebec region The company also plays a similar role in Landrienne and has a design and project management office Nordic Structures' engineered wood products have an important place in the North American market Jeremy Ghio, [email protected], Cell. : (438) 407-3029 In a sign that the forest fire situation is still critical in Quebec, the town of Chibougamau in Northern Quebec declared a state of emergency and ordered its entire population to evacuate on Tuesday night. “We’ve had a notice from SOPFEU that the fire has advanced much faster than we would have thought, so we’re asking everyone to evacuate the municipality. We have time, though, so we’re asking you to be careful and leave with as few of your belongings as possible,” announced Mayor Manon Cyr during a speech broadcast live on Facebook at around 8:15 pm. As a result, some 7,300 residents of the municipality will have to leave their homes. According to Jean Boulet, Minister responsible for Nord-du-Québec, the population of Chibougamau was invited to head for Roberval, about three hours away by car. “Thank you, citizens, for following the instructions. Courage en ces temps difficiles”, wrote Premier François Legault on Facebook. Those unable to leave on their own were invited to go to the Chibougamau arena, where buses would pick them up and take them out of town. The Sûreté du Québec will also be patrolling the area to facilitate evacuation. The municipality has also asked households to fill out a short information document to place on their doors before leaving home, in order to keep a record of the number of people who evacuated. “I’m with the rest of you, we’ll be monitoring developments throughout the evening. Sorry, we have a schedule change, we’re on emergency measures, and we have to evacuate the municipality preemptively. We really recommend that you do so,” added Ms. Cyr. The Cree community of Oujé-Bougoumou, also in Nord-du-Québec, must also be evacuated, announced Public Security Minister François Bonnardel. “Please follow the instructions issued by the authorities. All our thoughts are with the citizens affected,” the minister wrote on Twitter. In Chapais, where evacuations took place last week, a new early warning had to be issued on Tuesday evening, but the municipality would not be in immediate danger. “SOPFEU officials have reassured us that the town of Chapais is not currently in danger, since the fire, which originated north of Mistissini, is still several kilometers away. Keep the road clear for all citizens of Chibougamau and the community of Oujé-Bougoumou who must be evacuated this evening,” we posted on Facebook. Earlier on Tuesday, Minister Bonnardel announced that the government’s priorities during this unprecedented forest fire season in northern Quebec are, in order, to save lives, save communities and protect critical infrastructure. Present in Abitibi-Témiscamingue to take stock of the situation, the Minister added that to the 230 “fire fighters” currently at work in the region to contain the flames, some 250 others will be added as of Wednesday and over the next five days. Tomorrow [Wednesday], two teams of 21 firefighters will arrive on the ground from New Brunswick, plus another 90 trained auxiliary firefighters,” announced the Minister. By June 12, another 119 firefighters and coordinators will join us.” Newfoundland and Labrador Premier Andrew Furey, meanwhile, has announced that a tanker plane will be sent to Quebec as early as Wednesday, weather conditions permitting. Seventy-eight separate fires are currently ravaging the region, where no precipitation is expected for the next five days. Authorities are closely monitoring the flames near the municipalities of Normétal, Saint-Lambert and Lebel-sur-Quévillon, said Bonnardel. We’re also monitoring critical infrastructure,” he continued. There are two power lines in the Parent area that could be problematic. We’re on the lookout.” The Minister of Public Safety reiterated the importance of staying out of the forests, for safety reasons. “This is not the time to go to the cottage, even to empty it because you’re afraid it’s going to burn,” he ordered. Hydro-Québec facilities in the Baie-Comeau area are under close surveillance by the Société de protection des forêts contre le feu (SOPFEU), which has also carried out work to protect the town of Chibougamau from the flames. As for the fire currently decimating the Moisie River area, it could take “weeks” before it is brought under control, said the Premier, adding that authorities were planning places to accommodate the population of Val-d’Or, Senneterre and surrounding areas if further evacuations were ordered in this sector of Abitibi-Témiscamingue. The Premier also reiterated that the fire is too intense in Clova, Haute-Mauricie, to dispatch air tankers. His comments on this subject on Monday had aroused public discontent. What I said was what SOPFEU told me yesterday [Monday]: that the fire is too important to have a plane there,” Mr. Legault repeated. There’s a risk for now, but what they’re telling me is that most of the houses aren’t affected, that there are only a few cottages affected.” SOPFEU firefighters reported around 10 p.m. on Tuesday that 158 forest fires were active, including nine in the northern zone. Asked what had triggered all these blazes, the Minister of Natural Resources and Forestry, Maïté Blanchette Vézina, pointed to lightning as one of the main culprits, while historically forest fires are mostly caused accidentally by humans. “The situation right now was caused mainly by a storm episode that took place on Thursday. So, about a hundred fires were started at the same time,” said Blanchette Vézina. According to SOPFEU, fires so far this year have affected more than 600,000 hectares of forest. The biggest fires, in terms of area, are in the Jamésie region of Northern Quebec, notably the one near Lebel-sur-Quévillon, which covers 60,550 hectares. This article was translated, first published in French by The Canadian Press, June 6, 2023. The Quebec Liberal party held its only English-language leadership debate on Sunday at John Abbott College in Sainte-Anne-de-Bellevue. Erin Seize reports. Olympic silver medalist Elvis Stojko is currently on tour with Stars on Ice and made a pit stop to talk about the tour and his need for speed on the racetrack with CityNews’ Sports reporter Lindsay Dunn. "Entirely unfair both to the unhoused persons and to the STM," said David Chapman of Resilience Montreal, as the STM lifts its temporary loitering ban in Montreal's metro system, citing poor planning for homelessness. Johanie Bouffard reports. Now New and Improved! Watch CityNews Montreal, and get up-to-the-minute breaking-news alerts, traffic, weather and video from CityNews anywhere you are – across all Android and iOS devices. Quebec’s Chibougamau-Chapais airport has expanded with a new terminal building featuring several timber components The new building is composed of two low structures on either side of a glazed concourse The latter serves as a central hub for passengers and connects all terminal functions and services ensuring they are easily identifiable and accessible Its design establishes visual connectivity from the parking lot to the runway Waiting travelers can watch their plane on the tarmac while others can monitor the pick-up and drop-off zone The exterior façade features the name of the airport in Cree and in French and is adorned with artwork by Emmanuelle Gendron Highlighting its proximity to the boreal forest the terminal’s design showcases locally produced wood particularly products such as glulam and cross-laminated timber (CLT) structural slabs The waiting area is delimited on three sides by timber curtain walls topped by a raised roof forming a south-facing clerestory The roof structure combines engineered wood and steel components Stressed CLT panels spanning 12 m (40 ft) are supported by wood columns at each end reinforced with high-strength steel rods tying the centre to the extremities The mixed structural system allows for large spans while contributing to the interior shading strategy through its overhangs The curtain walls provide natural light and improved energy efficiency No data on this website may be downloaded or copied for use on other websites or in other publications without prior written consent from this site’s webmaster Marie-Gabrielle Tacka was shaking when she heard the news Some 7,300 residents of the municipality in northern Quebec were told to evacuate after a state of emergency was declared “When the owner told me we had to evacuate “I was scared and automatically started thinking about California wildfires We were told that the fires were far enough It was a precautionary measure with smoke in the air “There were hundreds and hundreds of cars,” she said Marie-Gabrielle Tacka at the evacuation centre in Roberval Quebec’s forest fire prevention agency is reporting just under 150 forest fires burning Roughly 457,000 hectares of Quebec forest has burned so far The Quebec government has announced the allocation of $7.5 million in financial support to Chantiers Chibougamau towards the company’s expansion and modernization project at its Chibougamau facility The project totalling $20 million started in 2019 and includes the automation and optimization of the Chibougamou plant using artificial intelligence and Industry 4.0 technologies The initiative has already created more than 50 new jobs according to a statement by the Quebec Ministry of Economy The funding consists of a $5 million loan from Investissement Québec and $2.5 million from the Ministry of Natural Resources and Forestry The Chibougamau facility in Northern Quebec has one of the largest sawmills and largest engineered wood manufacturing plants in the province Click here to read the full news release in French Join the conversation You can save this article by registering for free here. Or sign-in if you have an account 2023 (GLOBE NEWSWIRE) — Chibougamau Independent Mines Inc Stuttgart and Lang & Schwarz Stock Exchanges in Germany CMAUF-OTC in the US) is pleased to announce that it has entered into a definitive Option Agreement with TomaGold Corporation (“TomaGold”) (TSXV: LOT) (OTCQB: TOGOF) on August 11 2023 pursuant to which Chibougamau has granted TomaGold an option to acquire the West Block comprised of 99 claims in Barlow and McKenzie Townships Subscribe now to read the latest news in your city and across Canada Create an account or sign in to continue with your reading experience Article contentIn order to exercise its option and acquire a 100% interest in the West Block TomaGold must make cash payments to Chibougamau in an aggregate amount of $2,650,000 over a period of five years including an initial payment of $300,000 on the effective date of the Option Agreement; issue 6 million shares to Chibougamau within five business days of the effective date of the Option Agreement; issue additional shares to Chibougamau on an annual basis for five years thereafter in an aggregate amount of $1,350,000 at an issue price per share equal to the volume weighted average trading price of TomaGold’s shares at the respective dates of issuance; and incur expenditures on the West Block in an aggregate amount of $5,600,000 over a period of five years Any shares issued by TomaGold to Chibougamau under the Option Agreement will be subject to a four-month “hold period” under applicable securities regulations and the policies of the TSX Venture Exchange By signing up you consent to receive the above newsletter from Postmedia Network Inc The next issue of Top Stories will soon be in your inbox Interested in more newsletters? Browse here. Chibougamau will retain a 2% Gross Metals Royalty (“GMR”) on the West Block TomaGold has the right to repurchase 0.5% of the 2% GMR held by each of Chibougamau and Globex for a total purchase price of $1,500,000 to be divided equally between Chibougamau and Globex TomaGold will seek approval from the TSX Venture Exchange for the Option Agreement including the issuance of shares by TomaGold to Chibougamau Chibougamau does not require approval from the TSX Venture Exchange for the option of the West Block to TomaGold as the fair market value of the West Block is less than 25% of the aggregate fair market value of Chibougamau’s assets and property interests and less than 25% of Chibougamau’s revenues in the past twelve months were derived from the West Block Chibougamau is also pleased to announce that it has likewise on August 11 2023 entered into a letter of intent (“LOI”) with TomaGold for a potential sale of the East Block to TomaGold The East Block is comprised of 127 claims in McKenzie Chibougamau undertook not to seek to enter discussions or negotiations with any party other than TomaGold regarding the sale of the East Block for a period of 180 days from the date of the LOI in consideration for which TomaGold will pay $200,000 to Chibougamau TomaGold will be entitled to carry out a due diligence review of the East Block An indicative term sheet forming part of the LOI provides that if Chibougamau and TomaGold enter into a definitive agreement for the purchase and sale of the East Block the purchase price will be $11 million in cash payments from TomaGold to Chibougamau over a period of two years including $5 million upon signing of the definitive agreement and the issuance by TomaGold to Chibougamau on the closing date of the sale of 10 million common shares at a deemed price of $0.05 per share The LOI provides that TomaGold will grant a first-ranking hypothec to Chibougamau as security for payment of the cash purchase price for the East Block The LOI also provides that TomaGold will grant a 2% GMR on the East Block to each of Chibougamau and Globex and that TomaGold will have the right to repurchase 0.5% of the 2% GMR held by CIM and Globex The LOI does not constitute a legally binding contract offer or promise of sale of the East Block and no assurance can be given by Chibougamau that it will enter into a definitive agreement with TomaGold with respect to the sale of the East Block on the terms and conditions set out above or at all Any definitive agreement with respect to the sale of the East Block will be subject to regulatory approval including that of the TSX Venture Exchange and may be subject to shareholder approval Forward Looking StatementsExcept for historical information this News Release may contain certain “forward looking statements” including statements with respect to the option granted on the West Block property and the letter of intent for a potential sale of the East Block property These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results level of activity and performance to be materially different from the Company’s expectations and projections A more detailed discussion of the risks is available under “disclaimer” on the Company’s website transmission or republication strictly prohibited This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy You can manage saved articles in your account TomaGold unites 20 properties possessing mineralisation in several different categories Canadian mineral explorer TomaGold has announced the purchase of 20 mining properties in the Chibougamau mining camp in Quebec TomaGold purchased the properties from Canadian mining companies SOQUEM Globex Mining and Chibougamau Independent Mines which all held properties within the mining camp TomaGold unites 20 properties possessing mineralisation in a number of different categories TomaGold president and CEO David Grondin stated: “Never in its last 75-year history has the Chibougamau Mining Camp been controlled and developed by one operator with a global vision.” Consolidated into one district-sized land package the collection of the majority of Chibougamau’s claims into one will allow TomaGold to benefit from economies of scale and the productive efficiencies of centralised production that will expedite the exploration of the mining claims and subsequent developments Grondin added: “This game-changer strategy will allow TomaGold to optimise the allocation of financial human and technical resources under one roof for exploration TomaGold is primarily an explorer of gold deposits; acquiring exploring and developing mineral claims before selling to companies that will produce on those claims silver and zinc mineralisations have been measured across Chibougamau’s 20 properties Grondin also hinted that the purchase will not only aid TomaGold but companies further down the line that may end up producing on the properties we will also have a better chance of attracting interest from first-tier mining companies looking for large projects to expand their resources and optimally finance the development of the mining camp through TomaGold.” It comes at a time when a number of the world’s largest mining companies are investing in Quebec in the search for critical minerals. As minerals mined from Canada will be applicable for benefits from the US Inflation Reduction Act miners in the area will be looked upon more favourably than global producers when companies consider mineral purchases TomaGold has purchased a set of properties that may become very valuable in the coming years TomaGold will pay a combined $13.8m in cash $10.4m in work commitments and 16,625,000 common shares of the company TomaGold will also issue a further $1.8m worth of common shares depending on agreements with the selling parties Chibougamau Independent Mines is the biggest single benefactor of the purchases receiving a combined $13.65m for its 12 properties $1.35m worth of additional shares and $5.6m of work commitments Our signals coverage is powered by GlobalData’s Thematic Engine which tags millions of data items across six alternative datasets – patents social media mentions and news – to themes These signals enhance our predictive capabilities helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.  View all newsletters from across the GlobalData Media network MontrealNewsDespite difficult weather conditions, Chibougamau, Que. residents avoid second evacuationBy The Canadian PressPublished: June 25, 2023 at 1:48PM EDT Twitter feed ©2025 BellMedia All Rights Reserved Quebec resident Isabelle Milord is keeping positive even as the province’s wildfire fight isn’t over She’s among the 13,500 evacuated residents in the northern regions battling the blazes which the government announced financial aid for on Friday Isabelle’s dealing with work-related stress in connection to the fires but our city seems to be stable and our houses are intact.” François Bonnardel says the province is “reimbursing 100 per cent the extra expenses municipalities incurred putting in place intervention measures.” and the winds are weaker right now which keeps the main fires in Chibougamau and Lebel-sur-Quevillon is still 15 kilometers away,” said Bonnardel Chantiers Chibougamau committed to reopening their kraft pulp mill in Lebel-sur-Quévillon the company chose to make additional investments to upgrade and digitize certain processes increase capacity at certain key steps in the production process and reconsider the plant’s overall energy profile Hydro-Québec invested $3 million in energy efficiency measures The construction of a new chlorine dioxide (ClO2) production workshop was a key part of the plant reopening project Chlorine dioxide is used to bleach the pulp so it can be used in everyday products By working closely with Hydro-Québec under the Efficient Solutions Program the company upgraded its chlorine dioxide production the previous workshop needed 10,094 kWh of electricity per tonne of ClO2 whereas the new workshop uses less than 876 kWh This represents annual energy savings of approximately 55.7 GWh or the equivalent of the electricity used by a little over 3,200 homes “The Efficient Solutions Program is one of Hydro-Québec’s most important energy efficiency initiatives Our clean energy is a precious resource and the electricity saved can be used to reduce future supply needs and help electrify Québec by supplying greenhouse growers or decarbonating building heating and transportation.” Éric Filion Executive Vice President – Distribution “This efficiency and optimization project which will certainly not be the last when it comes to reducing our new plant’s significant environmental footprint is a reflection of our firm desire to review and fully upgrade this energy-intensive process as quickly as possible we will be able to produce a more affordable and environmentally friendly pulp we’ll be freeing up a lot of green energy for other basic needs.” Frédéric Verreault Chantiers Chibougamau has man­ufactured and marketed highly competitive forest products that are tailored to consumers’ increasing concern for sustainability Recognized for its wood construction products the company has manufactured kraft pulp at its Lebel-sur-Quévillon plant More than 1,150 people work at Chantiers Chibougamau in the Nord-du-Québec region making it Chibougamau’s largest employer Hydro-Québec Media relations Tel.: 514 289-5005 Chantiers Chibougamau media relationsFrédérique LorrainTel.: 450 702-0339florrain@tactconseil.ca Hydro-Québec – Issue of Medium Term Notes 3.55% Due September 1, 2032 on the Canadian Market Hydro-Québec Deploys the Most Ambitious Energy Efficiency Pathway in Its History Hydro-Québec’s positive assessment of its 2024 distribution activities is published in its annual accountability report Kenorland Minerals’ (TSXV: KLD) Frotet project in the Frotet-Evans greenstone belt of Quebec is shaping up to be a potentially significant gold system The junior gold explorer recently completed a 30-hole (8,591 metres) winter drill program at the Regnault gold discovery on Frotet with 14 of the 15 assay results reported to date intersecting significant mineralisation which intersected 5.72 metres grading 90.56 grams gold per tonne and 109.95 grams silver per tonne starting from 82.07 metres a 250-metre step-out to the west of 21RDD024 returning 25.33 metres grading 6.29 grams gold and 7.59 grams silver from 132 metres The latest round of drilling has led to a much better understanding of the Regnault system “These initial drill results are very exciting with the high-grade gold intercepts indicating the presence of a robust mineralised system The drilling has also greatly improved our understanding of the orientation of the gold-bearing structures at Regnault.” Discovered during an initial 15-hole drill program in early 2020 following two years of property-wide systematic regional exploration Regnault lies within an area of no known mineral occurrences or historical drilling intersected 29.08 metres grading 8.47 grams gold per tonne and 12.23 grams silver per tonne from 72 metres The latest drilling comprised step-outs from this initial drill program This has delineated approximately 550 metres of mineralisation along a vein corridor called R1 confirmed “that we weren’t just lucky with our first pass drill program last year at Regnault but continue to intercept high grade gold mineralization and we’re now defining the structural controls of the system.” Drillhole 21RDD024 on the R1 trend at Frotet “we’ve defined a footprint covering an area of two kilometres by 500 metres that hosts high-grade mineralisation along multiple structures.” Following completion of the 2021 winter drill program in May a wholly-owned subsidiary of Japanese miner and smelter Sumitomo Metal Mining Co. has increased its stake in Frotet to 80% as part of an earn-in option agreement by providing an additional $4 million to fund further exploration A joint venture between Kenorland (20%) and Sumitomo (80%) will now advance the project with exploration funded on a pro-rata basis Kenorland will continue as the operator of the project receiving a 10% management fee on the overall budget Kenorland and Sumitomo plan to conduct up to 20,000 metres of additional diamond drilling at Regnault including infill and step-outs on the R1 vein as well as targeting additional mineralized structures within the Regnault trend This next phase of exploration is slated to begin in July “We’re now moving into a more advanced phase of drilling that is designed to systematically infill and step out horizontally and vertically further along the R1 structure,” explained Flood “Up to 10,000 meters of drilling will go directly into R1.” Kenorland also plans to conduct surface exploration of its 161,025-hectare Chebistuan project in the northern Abitibi greenstone belt of Quebec The program will collect 800 infill B-horizon soil samples and 220 C-horizon till samples Gold major Newmont (TSX: NGT; NYSE: NEM) will fund the program under an exploration agreement that includes a joint venture option Kenorland remains the operator of the project “We’re looking forward to working with Newmont to advance this extensive greenfield exploration project where we plan to take the same approach as that adopted at Frotet,” said Flood Kenorland has multiple other greenfields projects in Quebec and Ontario located in the central Abitibi Greenstone Belt which is also optioned to Sumitomo Metal Mining Kenorland is ramping up exploration in Alaska The company has recently kicked off a 4,000-metre initial diamond drill program on the Healy Project in the Goodpaster District of Alaska near the world-class Pogo gold mine owned by Northern Star Resources (ASX: NST) The drilling is designed to test multiple large-scale gold in soil anomalies which were initially identified by Newmont in 2012 and 2013 Kenorland optioned the project from Newmont in 2018 and has conducted multiple exploration programs since then to refine drill targets the company is advancing drill targets on its advanced stage Tanacross porphyry copper project The company plans to test these targets towards the end of the summer wrapping up a very active field season in the state there is no shortage of exciting and impactful exploration happening in 2021,” said Flood we are pursuing aggressive exploration on multiple fronts.” The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by KENORLAND MINERALS and produced in cooperation with The Northern Miner. Visit www.kenorlandminerals.com for more information Republish this article Quebec provincial police arrested a man for arson in connection with numerous forest fires near Chibougamau this summer 37-year-old Brian Paré faces two arson charges – and is said to have shared conspiracy theories about this summer’s forest fires He was arrested by the Sûreté du Québec’s (SQ) major crimes unit on Thursday Paré allegedly started a series of small fires between July 8 and September 5 – that were quickly extinguished by firefighters The alleged arsonist is said to have initially “caused damage by fire or explosion” to property that did not belong to him The Crown opposed his release and he’ll remain in custody until his next court date on Monday we still have to see if there’s a link to the principle forest fires that burned in the Chibougamau area,” Sgt Hugues Beaulieu said in an interview Friday but for the moment we were able to recommend two charges.” Beaulieu said the case started with the investigation into the fishing cabin fire during which police found evidence that led them to Thursday’s arrest police were assisted by behaviour analysis experts Chibougamau Mayor Manon Cyr says she was relieved when she learned of Pare’s arrest the mayor said the fires that Pare is accused of starting were unrelated to the two massive wildfires that forced the evacuation of the town in June “We’ll see what’s said in court on this,” Cyr said “But the big fires that caused the evacuation were caused by lightning.” Paré is accused of deliberately starting fires at a time when the government had temporarily banned open-air fires and forbade people from entering the forests Quebec had an unprecedented forest fire season this year with almost 15,000 square kilometres burned Chapais was the first municipality in Quebec to call for the evacuation of part of its population due to forest fires Chibougamau’s 7,500 residents were temporarily forced from their homes on June 6 because of the blazes and poor air conditions The Quebec Liberal party held its only English-language leadership debate on Sunday at John Abbott College in Sainte-Anne-de-Bellevue Olympic silver medalist Elvis Stojko is currently on tour with Stars on Ice and made a pit stop to talk about the tour and his need for speed on the racetrack with CityNews’ Sports reporter Lindsay Dunn "Entirely unfair both to the unhoused persons and to the STM," said David Chapman of Resilience Montreal as the STM lifts its temporary loitering ban in Montreal's metro system and get up-to-the-minute breaking-news alerts weather and video from CityNews anywhere you are – across all Android and iOS devices 2021 (GLOBE NEWSWIRE) -- Doré Copper Mining Corp (the "Corporation" or "Doré Copper") (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce that it has entered into option agreements (the "Option Agreements") to acquire a 100% interest in the former producing Norbeau gold mine property and the contiguous Beaurox property a major land position totaling approximately 1,400 hectares (the “Properties”) located 15 kilometers by road north from the Corporation’s Copper Rand mill in the Chibougamau mining camp in northwestern Québec All dollar amounts are stated in Canadian Dollars “The Properties provide an opportunity to further consolidate our position in the Chibougamau mining camp with high-grade copper and gold assets and build on our strategy to create a near-term profitable hub-and-spoke operation with our centralized 2,700 tpd mill The high-grade gold historically mined at Norbeau with limited and no modern exploration since the 1980s provides a unique low-cost exploration opportunity particularly to the east of the Norbeau mine with the Sharpe and New Veins.” The Corporation will be completing a detailed compilation of all available data on the Properties and initially plans to investigate both the New Vein and Sharpe Vein Doré Copper is also planning an airborne geophysical survey for the second quarter of 2021 the Corporation may earn a 100% interest in the Properties under the following terms: The terms and conditions of the Option Agreements are subject to the receipt of all necessary approvals including the acceptance of the TSX Venture Exchange Shares issued pursuant to the Option Agreements will be subject to a four month hold period under applicable Canadian securities laws The Beaurox property is comprised of 28 unpatented mining claims covering approximately 1,000 hectares and the Norbeau property is comprised 11 claims totaling 386 hectares Norbeau Mine (see Note 1)The Norbeau mine historically produced approximately 160,000 ounces of gold from 1965 to 1969 at a grade of 13.77 g/t Au Approximately 80% of the production was from the Main Vein (Vein #1) and 20% from Vein #4 The shaft extends to 1,580 feet (482 metres) with 10 levels but little or no development on the last two levels the Norbeau mine was dewatered to a depth of 1,580 feet and 13 underground holes totaling 762.2 meters were completed to test Vein #9 a low-grade east-west structure in the footwall of the lower level stopes completed six surface drill holes totaling 3,426 meters to intersect the extension of Vein #4 below the 10th level of the mine Vein #4 was not intersected but new gold-bearing veins were found in the upper levels and below the 10th level The best intercept of the program returned 9.09 g/t over 2.6 meters (0.265 oz/t over 8.6 ft) in Vein #9 from 1,265.8 to 1,274.4 feet No other work is reported after this period at the Norbeau mine New Vein (see Note 2)The New Vein (also referred to as the Shecapio Vein) located approximately 500 meters east of the Norbeau shaft was discovered in 1980 and outcrops over a length of approximately 250 meters with an average width of 3 meters the New Vein was channel sampled and 42 short surface drill holes totaling 2,900 meters were completed along an east-west strike length of 300 meters Significant intercepts included 10.8 g/t Au over 2 meters (N-81-35) including 95.3 g/t Au over 0.2 meters (N-81-22) The New Vein has not been drill tested at depths below 100-150 meters Sharpe Vein (see Note 3)The east-west Sharpe Vein was channel sampled over the 203.8 meters length of the vein exposure by Beaurox Mines Limited in 1982 The grade was established at 6.86 g/t (0.20 oz/t) Au over an average width of 2.9 meters (undiluted and all samples cut to 1.00 oz/t Au) including 124.8 meters grading 8.23 g/t (0.24 oz/t) Au over an average width of 3.29 meters a systematic re-sampling of the Sharpe Vein was carried out with 87 channel samples and 21 holes totaling 1,128 meters over a strike length of approximately 350 meters (including 18 short holes totaling 873.9 meters on 50 feet sections testing 50 feet below surface) Significant intercepts included 4.1 g/t Au over 6 meters (SH-9-85) and 4.8 g/t Au over 2.8 meters (N-98) two holes totaling 354.8 meters were drilled to test the Sharpe Vein to a depth of 100 meters with no significant gold intercepts The Sharpe Vein has not been drill tested at depths below 100-150 meters Vein #5 (see Note 4)Other veins include Vein #5 which is located at the west end of the Sharpe Vein and strikes northwest seven holes were drilled over a strike length of 140 meters The best value was 5.0 g/t (0.146 oz/t) Au over 1 meter (hole 5-4-85) Vein #5 was channel sampled fairly systematically over a strike length of 45 meters in 2015 The sampling returned an average of 6.84 g/t Au over a length 45.4 meters with average widths of 1.61 meters Reference NotesHistorical production from the Norbeau mine and historical channel sampling and drilling results disclosed in this news release on the Properties are taken from the following sources: The scientific and technical information in this news release has been reviewed and approved by Andrey Rinta who is a "Qualified Person" within the meaning of National Instrument 43-101 is a copper-gold explorer and developer in the Chibougamau area of Québec Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau mining camp that has historically produced 1.6 B lbs of copper and 3.2 M oz of gold the Corporation has optioned the high-grade Joe Mann gold mine (historical production 1.17 M oz at 8.26 g/t Au) The land package includes 13 former producing mines deposits and resource target areas within a 60-kilometer radius of the Corporation's 2,700 tpd mill (Copper Rand Mill) Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation Forward-looking statements include predictions identified by the use of words such as "seek" "budget" and "intend" and statements that an event or result "may" "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof All statements other than statements of historical fact included in this release statements regarding the timing and ability of the Corporation to receive necessary regulatory approvals operations and prospects of the Corporation and its properties are forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements changes in project parameters as plans continue to be refined availability of capital and financing on acceptable terms delays or inability to receive required regulatory approvals pandemics and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators Although the Corporation has attempted to identify important factors that could cause actual actions events or results to differ from those described in forward-looking statements there may be other factors that cause such actions events or results to differ materially from those anticipated 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 readers should not place undue reliance on forward-looking statements The Corporation disclaims any intention or obligation to update or revise any forward-looking statements 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 news release Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization. The Company Controls a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario... LEARN MORE These are exciting times for Canadian miner Doré Copper Mining (TSXV: DCMC; US-OTC: DRCMF) as the company looks to restart the prolific Chibougamau mining camp in northern Quebec roughly 500 km north of Montreal and 10 km by road from the town of Chibougamau.  Doré Copper has consolidated a large land package that includes 13 former producing mines and resource target areas within a 60-km radius of the company’s Copper Rand mill The Chibougamau and Joe Mann mining camps have previously produced 1.6 billion lb the Toronto-based junior released a preliminary economic assessment (PEA) for the restart of mining operations at Chibougamau The PEA outlines a hub-and-spoke operation with its flagship high-grade Corner Bay copper-gold deposit as its main underground mine with the Devlin copper deposit and the former Joe Mann gold mine also feeding its Copper Rand mill.  we’ve conducted a significant amount of exploration on the property and have increased the copper grade and tonnes for the deposit from 1.5 million to over 8 million defining one of the highest grade copper deposits in North America,” says Ernest Mast He says that it is this exploration success at Corner Bay that is the basis for restarting mining operations at the Chibougamau camp “We are currently undertaking a feasibility study for the project which we expect to complete by the end of 2023.”  The PEA envisages an underground mining operation producing 492 million lb The operation would produce an average annual output of 53 million lb of copper-equivalent in concentrate over the life of the mine at all-in sustaining costs (AISCs) of $2.24 per lb the after-tax net present value is $193 million with an internal rate of return of 22.1%.   are estimated at C$180.6 million and includes C$14.8 million for the Corner Bay mine and $7 million for Devlin Sustaining costs are estimated at C$402.4 million over the life of mine with over half (C$247.3 million) of this spent at the Corner Bay mine and C$52 million allocated to the development of Joe Mann (starting in the fourth year after Devlin is depleted) The company also plans to set aside C$53.6 million for reclamation and closure costs.  Doré Copper says that the initial capital requirement also includes C$54.2 million for refurbishing the Copper Rand mill and to add ore sorting and tailings filtration to the flowsheet and construction management (EPCM) and indirect costs amount to C$22.8 million with a further C$23.6 million in contingency costs the positive PEA results stem from the existing surface and underground infrastructure that benefit the camp.  It is also powered with low-cost and environmentally friendly hydroelectricity from the Quebec grid and our projects have already been mined or partially developed with portals and underground workings in place and most importantly we have the only mill in the region.”  He adds that the company also sees considerable scope to further increase the mine life at Chibougamau by extending the Corner Bay and Joe Mann deposits to depth It is also pursuing several other exploration projects in the camp with the benefit that the Copper Rand mill will have surplus grinding capacity to handle increased ore throughput.  Doré Copper released assay results from 27 holes of its 45,000-metre 2022 infill drill program at Corner Bay with 37 holes (36,135 metres) completed to date.  Highlights from the drilling included hole CB-22-71 which intersected 6.7 metres grading 5.41% copper and 209 parts per million (ppm) molybdenum; and hole CB-22-68 which returned 10.9 metres grading 4.24% copper an updated mineral resource for Corner Bay outlined indicated resources of 2.7 million tonnes grading 2.66% copper and 0.26 gram gold per tonne for 157 million lb Inferred resources total 5.9 million tonnes at 3.43% copper and 0.27 gram gold for 443 million lb “The current drilling at Corner Bay will look to upgrade inferred resources to the indicated category for the feasibility study,” says Mast “We also plan to undertake approximately 2,000 metres of infill drilling at Devlin.”  In addition to the infill drilling campaigns a representative bulk sample of quarter-core is being shipped to a supplier’s facility in the U.S is to “verify the sorter performance reported in the PEA and to produce material for additional comminution The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by DORE COPPER MINING and produced in cooperation with Mining.com. Visit www.dorecopper.com for more information.  and website in this browser for the next time I comment According to the residents of Chibougamau, the fires that have been raging in Canada since June have stolen the sky They are almost over the fright of being surrounded by the fire and dense smoke that made their air unbreathable they are overwhelmed by the strangeness of being deprived of a horizon each day while the few rays of sunlight that pierce it have something supernatural about them; they’re not just the simple condition of light Canada as a whole is a natural paradise under siege by a dreadful wave of fires—the worst in recent history—which has burned almost ten million hectares forced the evacuation of nearly 160,000 people and caused a toxic cloud the contamination of which has reached other countries even ones on the other side of the Atlantic “I didn’t want to leave; I have lived through many fires. But the smoke was unbreathable The mayor’s office gave the order to evacuate but I feel strange; it’s as if they had stolen the sky It is as if they had covered the horizon with a layer of cement where children enjoy the municipal beach—everything here is a display of impeccable public services—and where the reflection on the water’s surface returns only opacity which has trees up to 12 meters [about 39 feet] high; the absence of inhabited areas—one can travel hundreds of kilometers without finding a single village—and the lack of barriers; drought and unusually high temperatures have given rise to the worst season in living memory since accurate recordkeeping for fires began in 1986 there were 800 active fires across the country 9.6 million hectares have burned (1.5 million in Quebec) and 11 times the average recorded in the last decade according to the Canadian Interagency Forest Fire Centre (CIFFC) The combination of dry storms with strong electrical power and record temperatures such as the ones recorded last weekend in the western part of the country there have been 3,960 fires in the country nearly 7,200 people were evacuated all at once as well as minimal service [workers] in hotels and restaurants to serve the firefighters and the military the main entrance to fire #334 (the fires are all numbered) a seaside resort some 300 km [about 186 miles] to the south They slept in the local sports center for several days and the local population went out of their way to help them with the blend of efficiency and kindness that defines Canadians pointing to two large red diamonds on the map in his office although the most vulnerable people in a couple of nearby villages have been evacuated because of the smoke two original [indigenous] communities in the area were also evacuated; at the time they did not want to leave their land even though they were surrounded by flames.” At the end of June the carbon emissions generated by the fires reached record numbers Cyr has just received the daily report of the military deployed in the area plus a new detachment will arrive soon.” Some 3,790 technicians and firefighters from 11 countries have joined the 3,800 Canadians The latter number is the sum of deployments from different provinces because the country does not have a national fire department That offers another possible re-reading of the human resources on which the country depends to fight this battle especially when all signs indicate that climate change will increase the duration and intensity of forest fires but their management is distributed over 10 provinces and three territories all of which guard their jurisdiction very jealously This arrangement leads to different approaches from how fire suppression is managed to the size of prevention budgets to the decision of whether or not to cut down dry trees The always-delicate relationship between Ottawa and the provinces is also put to the test during fires Canada resembles something akin to a castle besieged by flames with its fortifications: a line of trenches as a firebreak and a perimeter stripped of vegetation to deprive the fire of fuel These seemingly medieval methods are the only ones that apply in areas where there is a continuous dense forest mass: the roads and dirt tracks leading to the lakes and numerous wildlife reserves are practically the only firebreaks that exist In the meeting room of the Société de Protection des Forêts contre le Feu (Sopfeu; Society for the Protection of Forests against Fire) the non-profit company that the Quebecois government entrusts with managing and extinguishing fires in the province a giant map details the perimeter of one of the fires “The bulldozers act first [to open firebreaks] on the strip closest to inhabited areas Then they delimit the rest of the fire by cutting down all the trees around it,” explains Josée Poitras pointing to a zigzag that indicates a boundary that has already been drawn Amid the incessant rotor noise of helicopters and light aircraft confirms that June is always the worst month “But July is not giving any respite either and we are prepared to hold our nerve until at least October The size and intensity of the fires indicate that they are going to last all summer.” In a gigantic laundry room while other employees check motor pump parts after each operation Sopfeu’s regional headquarters is located at the Roberval airfield where the company’s planes and helicopters land and take off non-stop The rearguard work that takes place there is also striking: the surgical precision of the equipment the screening of satellites in the screen room where an Australian firefighter was working on Wednesday and even the administrative office that is responsible for finding accommodations and food for firefighters who are working in the middle of nowhere such as ensuring that the firefighters who travel to the fire every day by helicopter can rest and eat in areas where there is nothing,” says Poitras On the endless route to Chibougamau—located almost 600 kilometers [about 373 miles] northwest of Quebec—only the pristine scenery of lakes and forests stands out amid boring straight lines of logging trucks The toll that the fires are taking on local industry and the regional government has already announced aid and credit lines for companies Chibougamau has banned camping and fishing That’s why the high season has been off to a slow start whose business accounts were saved in June by evacuees from Chibougamau “Nobody would think of coming to enjoy the lake but the motel filled up with displaced people That movement gave the town a different life They paid for the rooms themselves because they preferred the privacy of a room to the sports center and there was also a lot of activity in the restaurants.” The regional government foots the bill for the Quebec fires while Sopfeu is responsible for managing and extinguishing them “Quebec pays for all the operations,” Poitras says The combination of extreme weather phenomena in the country in recent days—last weekend British Columbia recorded its highest temperature 40 degrees C [104 degrees F]; torrential rains were followed by floods in Quebec; thunderstorms and lightning lit up the gray skies in Roberval and Chibougamau midweek; and poor air quality alerts increased by a lot—attests to the fact that climate change is no longer a threat but rather the new reality They are the unmistakable alarm bells of global warming Although fires are raging across the country from coast to coast (another new phenomenon) firefighters can go on the offensive and combat other ones that have not yet been addressed now because of a shortage of personnel and the need to prioritize: the first priority was protecting inhabited areas The impact of the fires will shape generations including the friendly lifeguards on the beach of Chibougamau who did not want to miss their graduation but had to leave fleeing from the flames with nothing but a backpack “There will always be time for a graduation party They were already active on the lifeguard stands watching over the children bathing in a steel-gray lake that seems to await the blessing of light Sign up for our weekly newsletter to get more English-language news coverage from EL PAÍS USA Edition ¿Quieres añadir otro usuario a tu suscripción ¿Por qué estás viendo esto? cambia tu suscripción a la modalidad Premium Cada uno accederá con su propia cuenta de email lo que os permitirá personalizar vuestra experiencia en EL PAÍS ¿Tienes una suscripción de empresa? Accede aquí para contratar más cuentas En el caso de no saber quién está usando tu cuenta, te recomendamos cambiar tu contraseña aquí. Si decides continuar compartiendo tu cuenta, este mensaje se mostrará en tu dispositivo y en el de la otra persona que está usando tu cuenta de forma indefinida, afectando a tu experiencia de lectura. Puedes consultar aquí los términos y condiciones de la suscripción digital. Nature and environment news and inspiration for people who love to get outside Untangle the thorny process of cottage succession with expert advice from lawyer pleaded guilty to setting 14 wildfires between May and September of 2023 one of which forced hundreds to evacuate their homes The court convicted Paré of 13 counts of arson and one count of arson with disregard for human life Paré’s wildfire spree started on May 29 when he lit two separate wildfires in forested areas near his hometown of Chibougamau. Over the next three days, Paré lit an additional five wildfires, one of which was at Lake Cavan near the village of Chapais burned around 900 hectares of forest and forced approximately 400 people to evacuate Chapais Affected residents weren’t able to return to their homes until June 3 When investigators examined the wildfires around Chibougamau and Chapais, they determined that they were not caused naturally. Paré had been spotted in the area at the time of the wildfires causing provincial police to identify him as a witness Paré denied lighting the wildfires but did show an interest in fires This led police to suspect Paré, especially after monitoring his Facebook page where he would post conspiracy theories claiming that the government was setting wildfires to make people believe in climate change. Over the next two months, Paré lit five more wildfires around Chibougamau, one of which included burning down a fishing cabin that didn’t belong to him police obtained a warrant to place a tracking device on Paré’s vehicle The tracking device showed Paré at the site of two other wildfires set on September 1 and 5 Paré’s 13 counts of arson make him liable to imprisonment for up to 14 years But his charge of arson with disregard for human life—the Lake Cavan wildfire—could see him imprisoned for life his lawyer has asked that a pre-sentencing report be submitted to the court on April 22 This report will examine Paré’s legal and social background to determine whether there are any extenuating circumstances that should influence the severity of his punishment Find your cottage state of mind all year round with our weekly newsletter