Latest news with #DecadeResources
Globe and Mail
4 days ago
- Business
- Globe and Mail
Decade Resources Closes Oversubscribed Flow Through Private Placement for Total Gross Proceeds of $308,500
Stewart, British Columbia--(Newsfile Corp. - June 16, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed its previously announced flow through private placement. A total of 8,814,286 flow-through units were issued on a private placement basis at a price of 3.5 cents per unit, for aggregate gross proceeds of $308,500. Each unit comprised one flow through common share and one transferable non flow through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.05 per share, for a 24-month period. Proceeds from the sale of flow-through units will be utilized for incurring flow through expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as defined in the Income Tax Act (Canada). Flow-through proceeds will be spent on the Company's BC properties. All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring October 14, 2025, in accordance with applicable securities laws. In consideration for introducing certain subscribers to the private placement, the company paid cash finder's fees totaling $16,200 and issued 462,857 warrants at $0.05 to the finders. The warrants are exercisable for a 24-month period. Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969. ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD. "Ed Kruchkowski" Ed Kruchkowski, President "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 release." "This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
Yahoo
22-04-2025
- Business
- Yahoo
Decade Resources secures approval to acquire North Mitchell property in Canada
Canada-based mineral exploration company Decade Resources has received approval from the TSX Venture Exchange (TSX-V) to acquire the North Mitchell property, a strategic landholding in the prolific Golden Triangle of north-western British Columbia (BC) in Canada. The Golden Triangle is home to numerous past and current mining operations, underscoring the region's status as one of the world's most mineralised districts. Located 70km north of Stewart, BC, the North Mitchell property spans 963.45ha and is surrounded by copper-gold deposits on three sides. The property's strategic location offers Decade Resources a promising opportunity for exploration and development. The combined gold estimates in the vicinity of the property are approximately 201.67 million ounces (moz), not accounting for the vast quantities of silver and copper also present in these deposits. The geological setting of the North Mitchell property is notable for its proximity to the Texas Creek Plutonic suite, and includes the Jurassic-age Mitchell intrusions at Kerr-Sulphurets-Mitchell. This suite is associated with gold mineralisation in several nearby mines and deposits, highlighting the area's rich mining heritage and potential. Decade Resources president Ed Kruchkowski said: "I feel that this a wonderful opportunity for the company based on my knowledge of the property. The North Mitchell property contains the rocks and geology necessary to host porphyry copper-gold (Cu-Au) and epithermal gold mineralisation. 'The property is located within the Stikine Terrane, the locale for large Cu-Au deposits. The property is underlain by similar lithologic units hosting these deposits and the company believes that it is one of the most exciting mineral properties that has not been explored in British Columbia." In a related exploration effort, the company has identified a high-grade gold-silver-base metal zone approximately 3km south-west of the Nobody Knows #2 copper-silver red bed. Initial sampling has revealed significant mineralisation including arsenopyrite and elevated bismuth and cobalt, with some samples containing visible gold. In September 2024, Etruscus Resources began its 2024 exploration programme at the Rock & Roll Property in the Golden Triangle to uncover a copper-gold porphyry system. "Decade Resources secures approval to acquire North Mitchell property in Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
