Category: Canada

Pambili Raises Fresh Capital to Accelerate Gold Projects in Zimbabwe

Toronto Stock Exchange (TSX)-listed Pambili Natural Resources Corporation has announced plans to raise C$500,000 (US$352,000) through a series of convertible loan notes issued to qualified investors. The raise is subject to approval by the TSX Venture Exchange (TSX-V).

By Ryan Chigoche

Kavango Resources Plc, Pambili’s largest shareholder, has committed C$340,000 (US$239,000) to the raise, reaffirming its position as a cornerstone investor in the company.

According to a company circular, the funds will be used for general working capital purposes, including debt settlement and the initial evaluation of the London Wall group of mines, over which Pambili has secured a purchase option.

Jon Harris, Chief Executive Officer of Pambili Natural Resources, emphasized that the proceeds would support exploration and development of the company’s Zimbabwean gold assets, including the Golden Valley A1 gold claim.

“Kavango is Pambili’s largest shareholder. Its participation in this raise demonstrates its continued support for our strategic approach to developing the vast modern mining and production potential on offer across Zimbabwe’s underexplored gold belts.

“The proceeds of the raise will provide Pambili with the working capital required to develop its Golden Valley A1 mining claim, as well as to conduct initial due diligence on the London Wall option. We believe the London Wall mine has significant potential to be a company builder, and we look forward to being able to announce positive news from that opportunity in the near future,” he said.

The transaction is subject to TSX-V approval. Redemption will be made through the issuance of Units priced at C$0.05 per Unit.

Each Unit will consist of one Pambili share and one-half of a common share purchase warrant (each whole warrant being a “CLN Warrant”).

Each CLN Warrant will entitle the holder to purchase one additional share (a “CLN Warrant Share”) at C$0.10 within 12 months of notice.

Subject to regulatory approval, Pambili will also pay finder’s fees of up to 7% on funds raised, to be settled through the issuance of shares and warrants on the same terms as the Units.

All securities issued under the transaction will be subject to a four-month-and-one-day statutory hold period from the date of closing, in accordance with Canadian securities laws, in addition to any other restrictions applicable in jurisdictions outside Canada.

Last year, Pambili entered a 12-month agreement with Long Strike Investments to acquire the London Wall group of 21 gold assets in Gwanda, located in Zimbabwe’s Matabeleland South Province.

The option agreement for the London Wall group of gold mines, which includes two previously producing mines—London Wall and New Jessie—covers claims situated along three major regional gold-bearing geological structures. The company believes this acquisition has the potential to be a transformative asset.

The company also owns and operates two gold mines near Bulawayo: the Golden Valley Mine (GVM) and the Happy Valley Mine, which is located approximately 15 km from the city. Pambili sees strong acquisition potential in the region, supported by a track record of historical mining success.

With continued backing from key investors and a growing portfolio of promising gold assets, Pambili Natural Resources is positioning itself as a key player in Zimbabwe’s mining revival.

As exploration and development efforts ramp up across underexplored gold belts, the company’s strategic focus on sustainable growth and operational expansion could mark a pivotal chapter in its journey—and potentially, in Zimbabwe’s booming gold mining sector.

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NexGold Announces Closing of C$10 Million Bought Deal Private Placement


NexGold Announces Closing of C$10 Million Bought Deal Private Placement – Toronto Stock Exchange News Today – EIN Presswire




















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Lindblad Construction Achieves Certified LGBT Business Enterprise® Status from the National LGBT Chamber of Commerce


Lindblad Construction Achieves Certified LGBT Business Enterprise® Status from the National LGBT Chamber of Commerce – Toronto Stock Exchange News Today – EIN Presswire

























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WELL Health to Report Fourth Quarter and Year End 2024 Financial Results on April 14, 2025

VANCOUVER, BC, April 8, 2025 /PRNewswire/ – WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (“WELL” or the “Company”), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce that the Company expects to release its Fiscal Fourth Quarter and Year End 2024 financial results for the period ended December 31, 2024, Monday, April 14, 2025 after market close. The Company will hold a conference call and simultaneous webcast to discuss its results on the following day, Tuesday, April 15, 2025, at 1:00 pm ET (10:00 am PT). The call will be hosted by Hamed Shahbazi, Chairman and Chief Executive Officer, and Eva Fong, Chief Financial Officer. Please dial in 10 minutes prior to the start of the call.


WELL Health Technologies Logo (CNW Group/WELL Health Technologies Corp.)

Conference Call Participant Details

Date: Tuesday, April 15, 2025

Time: 1:00 PM ET / 10:00 AM PT

Local – Toronto: 437-900-0527

Local – Vancouver: 604-259-0841

North American Toll Free: 1-888-510-2154

International: 1-437-900-0527

Webcast URL: https://well.company/events/

WELL HEALTH TECHNOLOGIES CORP.

Per: “Hamed Shahbazi”

Hamed Shahbazi

Chief Executive Officer, Chairman and Director

About WELL Health Technologies Corp.

WELL’s mission is to tech-enable healthcare providers. We do this by developing the best technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. WELL’s comprehensive healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. WELL’s solutions enable more than 41,000 healthcare providers between the US and Canada and power the largest owned and operated healthcare ecosystem in Canada with more than 200 clinics supporting primary care, specialized care, and diagnostic services. In the United States WELL’s solutions are focused on specialized markets such as the gastrointestinal market, women’s health, primary care, and mental health. WELL is publicly traded on the Toronto Stock Exchange under the symbol “WELL” and on the OTC Exchange under the symbol “WHTCF”. To learn more about the Company, please visit: www.well.company

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/well-health-to-report-fourth-quarter-and-year-end-2024-financial-results-on-april-14-2025-302424002.html

SOURCE WELL Health Technologies Corp.

Keystone oil pipeline shut down after rupture in rural North Dakota, owner South Bow confirms

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Miles of unused pipe for the Keystone XL pipeline sit in a lot on Oct. 14, 2014 outside Gascoyne, North Dakota.Andrew Burton/Getty Images

The Keystone oil pipeline was shut down early Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

Calgary-based South Bow Corp., which owns the pipeline that originates in Hardisty, Alta., confirmed in an e-mail to the Associated Press that it shut down the line at 7:42 a.m. CT on Tuesday after control centre leak detection tools detected a pressure drop in the system.

The company said the affected segment had been isolated, and it had mobilized people and equipment in response to the spill at milepost 171 of Keystone. The nearest centre is Fort Ransom, N.D.

“Our primary focus right now is the safety of onsite personnel and mitigating risk to the environment,” the company said.

South Bow said in the e-mail it was notifying regulators, landowners and customers of the spill.

The cause of the rupture and the volume of crude oil spilled were not immediately clear, but the company said it would release more information as the situation becomes clearer.

An employee working at the site near Fort Ransom heard a “mechanical bang” and shut down the pipeline within about two minutes, said Bill Suess, spill investigation program manager with the North Dakota Department of Environmental Quality.

Oil was reported surfacing 300 yards (274 metres) south of the pump station in a field and emergency personnel responded, Mr. Suess said.

No people or structures were affected by the spill, he said. A nearby stream that only flows during part of the year was not affected but was blocked off and isolated as a precaution, he said.

It’s unclear at what rate the 30-inch (0.8-metre) pipeline was flowing, but even in two minutes “it’s going to have a fairly good volume,” Mr. Suess said. “But … we’ve had much, much bigger spills,” including one involving the same pipeline a few years ago in Walsh County, N.S., he said.

“I don’t think it’s going to be that huge,” Mr. Suess said.

The $5.2-billion pipeline constructed in 2011 Keystone Pipeline carries crude oil from Alberta into Saskatchewan and Manitoba and continues through North Dakota, South Dakota, Nebraska, Kansas and Missouri to refineries in Illinois and Oklahoma. The pipeline was constructed by TC Energy and has been owned by liquid pipelines business South Bow as of 2024.

A proposed extension to the pipeline called Keystone XL would have transported crude oil to refineries on the Gulf Coast, but it was ultimately abandoned by the company in 2021 after years of protests from environmental activists and Indigenous communities over environmental concerns.

Oil prices on Tuesday continued the downward trajectory they have been on ever since U.S. President Donald Trump announced a swath of import tariffs.

The price of West Texas Intermediate was down 4.2 per cent at US$58.14 in late afternoon trading, while South Bow shares were trading down roughly 6.5 per cent at $31.10 on the Toronto Stock Exchange.

With reports from The Associated Press

Eldorado Gold Provides Q1 2025 Conference Call Details


Eldorado Gold Provides Q1 2025 Conference Call Details – Toronto Stock Exchange News Today – EIN Presswire




















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Sulliden Enhances Portfolio with Polish Mining Stake

Sulliden Mining Capital Inc. has acquired a 5.2 % indirect stake in a nickel, zinc, and lead mining exploration project in Poland. This acquisition was made through the purchase of 10 % of the issued and outstanding shares of Sustainable Royalty Corp., a private company, from Mr. Stan Bharti, the former director and CEO of Sulliden Mining Capital Inc. The Project includes the Szklary and Dabrowka concessions.

Map Showing the location of Szklary Nickel and Dabrowka Zn Pb in the southwestern and southern parts of Poland
Showing the location of Szklary Nickel and Dabrowka Zn Pb in the southwestern and southern parts of Poland, respectively. Image Credit: Sulliden Mining Capital Inc.

Sulliden Mining Capital Inc. acquired a 10 % equity interest in a Polish mining project by purchasing one million common shares of the Target, under a share purchase agreement dated April 3, 2025. The transaction involved Mr. Stan Bharti retaining a 63 % stake in the Target. The Polish company, Ferrite Resources Polska sp. Z.o.o., which controls the Szklary and Dabrowka concessions, is 52 % owned by the Target.

In exchange, Sulliden paid C$100,000 and committed to investing an additional 250,000 euros into the project within six months of closing. The acquisition was conducted as an arm’s-length transaction under the Toronto Stock Exchange’s rules, with no change in control of Sulliden, and no finder’s fees were involved.

About fifty kilometers south of Wroclaw, Poland, is the nickel laterite deposit known as Szklary. With the Ni-laterite exposed in the first 20 meters below the surface, the deposit forms a remarkably elongated ridge running from north to south. Historical data reports 28,000 tonnes (3.5 Mt @ 0.79 % Ni) of production.

A technical report compliant with NI 43-101 standards was previously prepared for the central area of the property, which includes 2,500 drill holes from the Soviet era (Redstone Exploration Service, February 2022). To confirm the historical inferred mineral resource, the company plans to drill an additional 30 holes due to the absence of drillcore.

The Company plans to conduct continued exploration at the Szklary nickel laterite deposit, with a focus on examining the potential deep-sulphide deposit that remains uncharted. Szklary has a JORC-compliant historical inferred mineral resource of 32.9 million tonnes (Mt) at 0.70 % Ni, as reported by Northern Mining Ltd. in July 2008.

The Dabrowka site, located 25 kilometers north of Katowice, Poland, has an already mined-out shaft but requires the development of a modest decline shaft to a maximum depth of 80 meters. The Company expects minimal initial development for the project. The historical non-compliant inferred mineral resource for Dabrowka, as assessed by M. O’Brien in February 2024, includes:

  • Zinc – 22.4 Mt @ 2.8 % = 634,940 tonnes
  • Lead – 22.4 Mt @ 0.7 % = 154,000 tonnes

To support the historical exploration, the company plans to drill an additional 27 holes.

Upside Benefits of the Project:

  • Two smelters are located less than 20 km from the project and are accessible by rail.
  • The project employs room and pillar mining methods, with a decline setup.
  • Magnetic separation of ore is a proven technology currently utilized in various mines.
  • There is a prospective second Zn-Pb deposit located about 80-100 meters from the primary deposit, at a depth of 40-50 meters.

We are pleased to announce our strategic investment in a Polish mining asset, reinforcing our commitment to expanding our portfolio in key resource sectors.

Fred Leigh, Chief Executive Officer, Sulliden Mining Capital Inc.

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NHL commissioner Gary Bettman details impact of Trump tariffs on TV deal

Donald Trump’s tariffs on imports from Canada have had no impact on the NHL’s fresh $7.7 billion TV deal, league commissioner Gary Bettman has revealed.

The 78-year-old was never popular with Canadians prior to his second stint in the White House but has become even more loathed since being sworn in as U.S. President at the turn of the year. Having last month implemented tariffs of 25 per cent on Canadian goods and 10 per cent on energy and potash exports, as well as 25 per cent on Canadian steel and aluminum products, it’s fair to say that Trump has made himself public enemy number one north of the border.

This was particularly evident during the Four Nations Face-Off in February, when the United States national anthem was booed at every available opportunity by Canadian ice hockey fans whenever Team USA played in Montreal. In fact, those same boos were heard days before ahead of the NBA game between the Los Angeles Clippers and the Toronto Raptors.

Trump would go on to make matters worse when he threatened to turn Canada into the 51st state, prompting further discontent at matches between Canadian and U.S. sports teams, but thankfully for the NHL, the politician’s tariffs on Canada have had next to no impact on the game – for now.

Speaking on a recent episode of The Varsity podcast, NHL commissioner Bettman confirmed that new U.S. tariffs on imports from Canada did not hurt the $7.7 billion deal his league recently struck with Rogers Communications, and is hopeful that the recent tensions between the two nations were just “a moment in time”.

“This is a 12-year deal, and we’re looking at this from the long [term],” the commissioner said. However, the 72-year-old did acknowledge that NHL franchises based in Canada would suffer if the Canadian economy was hurt by a trade war. As of Monday afternoon, the Toronto Stock Exchange was down 2,500 points, while the Canadian dollar was down around 1.3 percent.



Gary Bettman and Nathan MacKinnon
The NHL is still reveling in its 4 Nations Face-Off success

“From our standpoint, we believe our fans want to – and we should – stay out of the geopolitical debates and arena,” Bettman said. “But when asked, the impact on all of this is – from my standpoint – twofold. For one, Canada and the U.S. are longtime, great allies. Two great countries. And I hope this is just a moment in time that we get through quickly.

“Two, being realistic, if this has an impact on the Canadian economy and it affects the relationship with the Canadian dollar and the U.S. dollar, that may pose some difficulties for our Canadian franchises, because our players, whether they play in the United States or Canada, get paid in U.S. dollars. So that’s something that we’re going to have to focus on if it becomes a problem. But my sense is it [won’t].”

For now, the NHL remains in a strong position. Following 2024’s historic seven-game Stanley Cup final between the Florida Panthers and the Edmonton Oilers, as well as this year’s 4 Nations Face-Off, revenue has never been higher. Coupled with Bettman guaranteeing more than $1 billion in media rights revenue through 2028, the league’s long-term future is bright.

Gibson Energy Confirms 2025 First Quarter Earnings Release and Annual General Meeting Dates and Provides Conference Call & Webcast Details


Gibson Energy Confirms 2025 First Quarter Earnings Release and Annual General Meeting Dates and Provides Conference Call & Webcast Details – Toronto Stock Exchange News Today – EIN Presswire




















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South Pacific Metals Provides Project Updates And Announces Diamond Drill Rig Purchase To Accelerate Gold And Copper Exploration

(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – April 8, 2025) – South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (” SPMC ” or the ” Company “) is pleased to announce the acquisition of its first man-portable diamond drill, following the successful close of its C$6.3 million financing. Designed for efficient core drilling to depths of 500+ metres in remote locations, the new MultiPower MP500 Diamond Core Drill can operate year-round and will support faster and more cost-effective mobilization efforts across SPMC’s 3,100 km2 portfolio of four gold-copper projects in Papua New Guinea.

Drill Rig Acquisition
The MultiPower MP500 Diamond Core Drill purchase enables the Company to accelerate early-stage target testing of known high-grade gold and copper bearing structures. Equipment is scheduled to arrive at the end of May, with drilling to begin soon after. Former K92 Mining Inc. (” K92 “) exploration operator/manager, Dean Williamson, will assemble and lead the in-country drill crew who will transport, set up, and operate the drill throughout the 2025 drilling campaign.

“The acquisition of our first man-portable drill rig marks a major milestone in accelerating our exploration efforts across Papua New Guinea,” said Michael Murphy, Executive Chair of the Company. “With a strong treasury following our recent financing, we’re now in a position to aggressively advance our gold and copper projects. The bulk of our identified drill targets fall well within the depth range of this rig, allowing us to operate more efficiently and cut estimated drilling costs by nearly half. While surface work continues to refine and expand our target pipeline, upcoming drill programs are designed to test both known zones of mineralization and newly prioritized areas with strong potential. We’re confident this next phase will drive significant value across our portfolio.”

Osena Project
Focus remains on the Ontenu Cu-Au Prospect, a large-scale, multi-intrusive copper-gold porphyry, vein and skarn complex extending over 5 km x 3 km. Field sampling has commenced at Ontenu NE, which has potential to host lode-gold style mineralization consistent with what K92 is now mining, as the Company prepares to access the Ontenu Central prospect, which hosts confirmed gold-bearing breccias and a large porphyry target ~250 m below surface. 3D geological and structural modeling to assist with drill planning efforts is now complete. The primary targets are near-surface high-grade gold structures, such as the structures hosting gold-bearing breccias – recent trench results from Ontenu Central include 79 m averaging 0.75 g/t Au, including 4 m at 4.52 g/t Au and individual samples up to 8.82 g/t Au (see news release dated October 16, 2024 ).

Anga Project
Additional surface exploration work, including more detailed soil grid sampling, planned at the Irinke Prospect, has now defined a 2 km-wide mineralized NE trending corridor, with orientation and strike continuations comparable to K92’s Arakompa Discovery and lode-gold drill program less than 3 km away. Recently, the Company completed a geochemical study, in respect of all surface samples collected to date at Anga. This work has confirmed the Arakompa-like geochemical signature of the Irinke target, providing vectors to further mineralization in the area and identifying new prospects that warrant on-the-ground follow up. Drill program design continues to be assessed.

Kili Teke Project
With road access to the tenement and a nearby airfield, the project is situated just 40 km west of the Porgera Gold Mine, a Barrick Gold Corporation and Zijin Mining Group joint venture. Thie Kili Teke Project currently hosts an Inferred Mineral Resource (as defined on only a portion – the Central Porphyry – of the system) of 1.81 Moz Au, 802 kt Cu, and 40 kt Mo contained metal, in 237 Mt at 0.34% Cu, 0.24 g/t Au &, 168 ppm Mo 1 (see January 12, 2023 , press release and National Instrument 43-101 (” NI 43-101 “) published report available on SEDAR+.

Following a successful Warden’s Hearing on March 11, 2025, for licence renewal, the Company is now focusing on landowner mapping and community engagement with the intention of commencing on-ground exploration that prioritizes additional discoveries of high-grade Cu-rich skarn, higher grade porphyries (Ieru Prospect) and Porgera-style gold targets and structures (Ridge Gold Prospect). High-grade skarn was intercepted by drilling of the previous operator returning 12.98% Cu, 11.75 g/t Au and 21.07 g/t Ag over 7.8 m within 54 m @ 2.1% Cu, 1.82 g/t Au, 3.87 g/t Ag (from 878 m depth down hole)2. The Ridge Gold Prospect shows a Porgera alkalic-style metal signature (Au-Te-As), which differs from that of resource porphyry (Cu-Au-Mo), and soils have returned up to 9.3 g/t Au. Work completed by the previous operator at the Kili Teke Project included extensive diamond drilling of approximately 36,000 m, primarily focused on the porphyry resource, at an estimated cost of US$20 million.

May River Project
The Skygate Cu-Au Trend, including the Skiraisa Gold Breccia Prospect (” Skiraisa “) which lies within a 7 km long gold-copper mineralized trend just 15 km west of the giant Frieda River Cu-Au deposit, has been prioritized for exploration. Historical drilling intercepts include 109 m at 1.53 g/t Au from surface 3 and 54 m at 1.83 g/t Au from 106 m depth 3 within Skiraisa, with several holes ending in +1 g/t Au and up to 3.7 g/t Au mineralization. Another important prospect warranting follow-up in the field includes the Ufuo Prospect, a high-grade polymetallic massive sulfide system, from which historical drilling returned exceptional results including 19 m @11.47% Cu, 2.17 g/t Au from 13 m depth and 11 m @ 10.07% Cu, 2.03 g/t Au from 13 m depth .3

Qualified Person
The scientific and technical information disclosed in this release has been reviewed and approved by Darren Holden, Ph.D., FAusIMM, a “Qualified Person” as defined under the Canadian Institute of Mining NI 43-101, 2014 Standards of Disclosure for Mineral Projects. Dr. Holden is a Technical Advisor to the Company.

About South Pacific Metals Corp .
South Pacific Metals Corp. is an emerging gold-copper exploration company operating across Papua New Guinea’s proven gold and copper production corridors. With an expansive 3,100 km2 land package and four transformative gold-copper projects contiguous with major producers K92 Mining, PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams, are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize discovery across its portfolio projects: Osena, Anga, Kili Teke, and May River.

Immediately flanking K92’s active drilling and gold producing operations to the northeast and southwest, SPMC’s Osena and Anga Projects are located within the high-grade Kainantu Gold District – each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as that present within K92’s tenements. Kili Teke is an advanced exploration project situated only 40 km from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple opportunities for expansion and further discovery. The May River Project is located adjacent to the world-renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant, untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange (TSXV: SPMC), the OTCQB Marketplace (OTCQB: SPMEF) and Frankfurt Stock Exchange (FSE: 6J00).

For further information please contact:

Michael Murphy, Executive Chair
or
Investor Relations
South Pacific Metals Corp.
Tel: +1-604-653-9464
Email: …

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer and Forward-Looking Information

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of SPMC. In making the forward-looking statements, SPMC has applied certain assumptions that are based on information available to the Company, including SPMC’s strategic plan for the near and mid-term. There is no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements may involve various risks and uncertainty affecting the business of the Company. These forward-looking statements can generally be identified as such because of the context of the statements, including such words as “believes”, “anticipates”, “expects”, “plans”, “may”, “estimates”, or words of a similar nature. Forward-looking statements or information in this news release relate to, among other things, future exploration or development programs, and any results therefrom and effect thereof. These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic, regulatory or other unforeseen uncertainties and contingencies. These assumptions include, without limitation: success of the Company’s projects, prices for metals remaining as estimated, currency exchange rates remaining as estimated, availability of funds for the Company’s projects, capital, decommissioning and reclamation estimates, prices for energy inputs, labour, materials, supplies and services (including transportation), no labour-related disruptions, no unplanned delays or interruptions in scheduled construction and production, all necessary permits, licenses and regulatory approvals are received in a timely manner, and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Accordingly, readers should not place undue reliance on forward-looking information. Such factors include, without limitation: fluctuations in gold prices, fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation), fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar), operational risks and hazards inherent with the business of mineral exploration, inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner, changes in laws, regulations and government practices, including environmental, export and import laws and regulations, legal restrictions relating to mineral exploration, increased competition in the mining industry for equipment and qualified personnel, the availability of additional capital, title matters and the additional risks identified in the Company’s filings with Canadian securities regulators on SEDAR+ (available at ). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

1 For more information on the Kili Teke mineral resource, please refer to the independent National Instrument 43-101 Technical Report for the Kili Teke Cu-Au Project, Papua New Guinea, prepared by Graeme J Fleming, B. App. Sc., MAIG, and dated 18 November 2022. Mr. Fleming is a “qualified person” under NI 43-101 and is an independent consultant to the Company. Reference should be made to the full text of the Technical Report, which is available for review on SEDAR+ at . For summary refer to SPMC news release October 1, 2024.

2 Refer to Harmony Gold news release dated April 13, 2016.

3 Historical assay data acquired by and reported on by previous operators has not been confirmed, with the exception of surface Cu-Au porphyry-style mineralization within the Skygate Cu-Au trend, hosted at the Mtn Gate prospect (see news release dated February 15, 2023). Extensive geophysical datasets over a vast expanse of the property have been acquired by the Company from previous operators, reviewed and interpreted. All historic data is determined to be reliable for the current interpretive use. Refer to SPMC news release October 30, 2024.



To view the source version of this press release, please visit

SOURCE: South Pacific Metals Corp.

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