Latest news with #Exploration
Globe and Mail
4 days ago
- Business
- Globe and Mail
CanAlaska Announces Results from Property-Wide Airborne Surveys on 16,000 Hectare Frontier Project
Multiple Priority Exploration Target Zones Identified, Stock Options Granted Saskatoon, Canada--(Newsfile Corp. - June 19, 2025) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (" CanAlaska" or the " Company") is pleased to announce results from a series of property-wide airborne geophysical surveys completed on its 100%-owned Frontier Project (the "Project"). The results from high-resolution helicopter-borne Versatile Time Domian Electromagnetic (VTEM Plus), horizontal magnetic gradient, and radiometric surveys identified several exploration target zones on the Project. The purpose of the surveys was to identify and prioritize basement conductors, characterize lithological and alteration variations, refine areas of interest for ground prospecting, and map the structural setting of the project to support future drill targets. The Project is located in the northeastern Athabasca Basin approximately 30 kilometres northeast of the McClean Lake mill complex and Roughrider uranium deposit, and 35 kilometres north of Cameco's Eagle Point uranium mine (Figure 1). To view an enhanced version of this graphic, please visit: Frontier Airborne Survey Results The Frontier project is located five kilometres northeast of the present-day Athabasca Basin edge. Compilation work on the project has highlighted a prominent 25-kilometre-long northeast trending magnetic low corridor, termed here as the Roughrider Mineralized Corridor ("RMC"). This regional-scale corridor, which continues off property to the southwest, hosts multiple uranium deposits and showings, including Roughrider, Midwest, J Zone, Dawn Lake, Moonlight, Osprey, and the McClean Lake mine and mill complex. Figure 2 – Frontier Project Airborne Survey Target Areas To view an enhanced version of this graphic, please visit: The recently completed VTEM Plus survey consisted of 931 line-km's of helicopter-borne surveying at a 200 metre line spacing across the Project. This was followed by a high-resolution magnetics and radiometrics survey that consisted of 3,739 line-km's of helicopter-borne surveying at 50 metre line spacing across the Project. The surveys were conducted by Geotech Ltd. of Aurora, Ontario and survey management and processing were conducted by Condor Consulting, Inc. Upon completion, the results of the airborne surveys were processed using 3D magnetic inversions and subsequently processed through a GeoInterp data analysis. GeoInterp is a form of data analysis to extract lithostratigraphic and structural elements from magnetic data. As a result of data processing and the GeoInterp analysis, a series of target zones were identified on the Frontier Project (Figure 2). The target zones are concentrated around large-scale north to northwest trending faults that are associated with shorter strike length faults and conductors. The highest priority target zones are those where magnetic low structural corridors are associated with cross-cutting fault features. The Point Lake Anomaly, a historical lake sediment sample collected in the early 1990's by the Geological Survey of Canada that returned 34.7 ppm uranium associated with elevated cobalt, copper, molybdenum, and nickel, is located along one of the main north-south trending features within the central target area. The airborne surveys completed on the Frontier Project represent a critical step in the Company's exploration strategy looking for tier 1 basement-hosted uranium deposits. The Company has deliberately generated a strategic land portfolio in the infrastructure-rich northeastern Athabasca Basin region along corridors that show geological and structural similarities to the Arrow and Eagle Point basement-hosted uranium deposits. The Company is actively seeking Joint Venture partners to move the Project to the next exploration stage. CanAlaska CEO, Cory Belyk, comments, "The Frontier project work has generated some very compelling basement-hosted uranium exploration targets along the prolific Roughrider Mineralized Corridor. The CanAlaska team will actively seek exploration partners to help move the Frontier project toward discovery. With the uranium market continuing to strengthen and the baseline market fundamentals stronger than ever, we believe the Frontier project should garner considerable interest from explorers looking for a large and drill-ready project in the infrastructure-rich northeastern Athabasca Basin." Other News The Company also announces that it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 6,060,000 common shares of the Company pursuant to CanAlaska's omnibus equity incentive plan. These options are exercisable for a period of three years at a price of $0.88 per share. Pursuant to TSX Venture Exchange (" TSXV") policies, 50,000 of these options granted to an investor relations consultant (see below) will vest as to 25% on each of 3, 6, 9 and 12 months from their date of grant. All other options are fully vested. The Company also announces that it has extended the term of its investor relations letter agreement with Rayleigh Capital Ltd. (" Rayleigh Capital") from December 31, 2024 to December 31, 2025, subject to approval from the TSXV (refer to the Company's news release of July 28, 2023). Either party is permitted to terminate the extended agreement upon providing the other party with 60 days' prior written notice of termination. Rayleigh Capital focuses on global investor relations for junior and small cap companies specializing at exposing companies to a wide audience of investment professionals. Under the extended agreement, commencing January 1, 2025, the Company will pay $8,500 per month (plus GST) to Rayleigh Capital to provide liaison, coordination, corporate growth strategy, communications and other services to CanAlaska. The fee to be paid by the Company to Rayleigh Capital under the agreement is for services only. The Company and Rayleigh Capital act at arm's length. Rayleigh Capital has no present interest, directly or indirectly, in the Company or its securities, except that it has today been granted stock options pursuant to CanAlaska's omnibus equity incentive plan. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. Technical Disclosure - Historical Results The historical results contained within this news release have been captured from the Saskatchewan Mineral Assessment Database (SMAD) as available and may be incomplete or subject to minor location inaccuracies. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject projects. Management cautions that past results or discoveries on proximate land or neighboring properties are not necessarily indicative of the results that may be achieved on the subject properties. About CanAlaska Uranium CanAlaska is a leading explorer of uranium in the Athabasca Basin of Saskatchewan, Canada. With a project generator model, the Company has built a large portfolio of uranium projects in the Athabasca Basin. CanAlaska owns numerous uranium properties, totaling approximately 500,000 hectares, with clearly defined targets in the Athabasca Basin covering both basement and unconformity uranium deposit potential. The Company has recently concentrated on the West McArthur high-grade uranium expansion with targets in 2024 leading to significant success at Pike Zone. Fully financed for the upcoming 2025 drill season, CanAlaska is focused on Tier 1 Uranium deposit discovery and delineation in a safe and secure jurisdiction. The Company has the right team in place with a track record of discovery and projects that are located next to critical mine and mill infrastructure. The Company's head office is in Saskatoon, Saskatchewan, Canada with a satellite office in Vancouver, BC, Canada. The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd., who has reviewed and approved its contents. On behalf of the Board of Directors "Cory Belyk" Cory Belyk, FGC CEO, President and Director CanAlaska Uranium Ltd. Contacts: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Actual events or results may differ materially from those projected in the forward-looking statements and the Company cautions against placing undue reliance thereon. The Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
Hans India
5 days ago
- Business
- Hans India
What The Draft Petroleum And Natural Gas Rules, 2025 Aim To Change
India's rapid development is driving a growing demand for energy. This has made Hydrocarbon Exploration and Production (E&P) a high priority for the Government of India. With 90% of the nation's crude oil requirements currently met through imports, advancing domestic efforts has become crucial for achieving energy self-reliance. To accelerate these efforts, the Ministry of Petroleum and Natural Gas has recently released the Draft Petroleum and Natural Gas Rules, 2025, which is intended to replace the Oilfields (Regulation and Development), Act 1948 and the Petroleum and Natural Gas Rules, 1959. Sharing his insight on the Draft PNG Rules, Advocate Madhur Baya, the Founder of the Mumbai-based LexArbitri, a boutique dispute resolution law firm, said, 'While it is indeed heartening to note that rather than tweaking the Rules yet again to reflect the changed energy sector landscape, the Government has chosen to bring in a grounds-up fresh set of Rules, in my view, there have been as many misses as hits in the Draft.' The draft suggests an authorization for production from all parts of a reservoir, including those extending beyond the geographical boundary of the contract area. This may involve extending or merging lease areas and expanding lease rights to conduct all mineral oil operations across the spectrum of energy hydrocarbons, which is potentially positive. Another welcome step is the push for transparency by making it mandatory for the Government to now provide written reasons for rejecting applications or issuing directions, aligning with international best practices. The draft also promotes environmental safeguards by encouraging in-reservoir sequestration over atmospheric release. On the downside, a key concern is the Government's overreach in redefining contractual terms to align contracts, which risks undermining the objective of improving ease of business in the hydrocarbons sector. 'As well-intentioned as this may be, it could be construed as a veiled attempt to rewrite contracts in a manner that suits the Government,' he added. Another major concern is the mandatory relinquishment of lease areas if a contractor disagrees with the Government-formulated unitization plan. Reflecting on these weak points, he added, 'These misses, in our view, will disincentivize foreign and domestic investments in the sector, as every investor will want certainty that the agreed bargain will not be altered ex post facto, against its interests, and on amorphous grounds.' These concerns are particularly significant considering the capital-intensive nature of the energy sector and the fact that, in India, E&P is largely driven by public players. Increasing production would require greater participation from foreign players to leverage advanced technology and extensive expertise in deepwater and unconventional sources of hydrocarbons. For that, industry-friendly regulations are a must.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
High Grade Ni/PGE Adjoining Globex's Tyrone Property
ROUYN-NORANDA, Quebec, June 02, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Azimut Exploration Inc. has announced additional positive assays from the Perseus Nickel Zone discovered in 2024 adjoining to the southeast of Globex's Tyrone Property located in the Eeyou Istchee (James Bay) region of Quebec. The previously reported drill results on the Perseus discovery includes the following as reported by Azimut: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, incl. 3.74% Ni, 0.41% Cu, 2.82 g/t PGE over 6.0 m (channel) 1.10% Ni, 0.15% Cu, 1.02 g/t PGE over 9.0 m, incl. 1.42% Ni, 0.19% Cu, 1.36 g/t PGE over 6.0 m (channel) 1.64% Ni, 0.11% Cu, 1.12 g/t PGE over 8.5 m incl. 3.55% Ni, 0.19% Cu, 2.19 g/t PGE over 2.5 m; and 0.90% Ni, 0.32 g/t PGE over 9.05 m (Hole KUK24-001) 8.42% Ni, 0.55% Cu, 7.25 g/t PGE over 1.9 m (Hole KUK24-002) 0.81% Ni, 0.52 g/t PGE over 24.2 m, incl. 1.63% Ni, 0.14% Cu, 1.61 g/t PGE over 1.25 m; and 3.46% Ni, 0.21% Cu, 2.44 g/t PGE over 0.75 m (Hole KUK24-003) 6.06% Ni, 0.38% Cu, 3.34 g/t PGE over 2.6 m incl. 19.6% Ni, 0.81% Cu, 9.43 g/t PGE over 0.75 m; and 3.18% Ni, 0.15% Cu, 1.17 g/t PGE over 1.7 m (Hole KUK24-007) In a press release dated May 29, 2025, (click here to access), Azimut announced the assay results of 'Thirty (30) selected high-grade nickel samples from the Perseus Nickel Zone, all with grades higher than 3.0% Ni ranging from 3.46% to 19.60% Ni, were analysed for the complete suite of PGE (Platinum Group Elements), including platinum (Pt), palladium (Pd), and the rarest PGEs, rhodium (Rh), iridium (lr), ruthenium (Ru) and osmium (Os). These nickel samples are commonly associated with high palladium grades ranging from 1.16 g/t Pd to 12.15 g/t Pd, and high platinum grades up to 3.65 g/t Pt. These samples also returned significant grades for the rarest PGEs, with up to 1.16 g/t Rh, 0.43 g/t Ir, 2.75 g/t Ru and 0.45 g/t Os, adding significant potential value to the Perseus Zone. For indicative purposes only, the current market prices for some of the PGE's are: rhodium: US$5,325/oz.; iridium: US$4,150/oz., platinum: US$1,088/oz., palladium: US$998/oz. and ruthenium: US$615/oz. (prices as of May 27, 2025; source Johnson Matthey (https:/ Gold and tellurium contents are also anomalous, with grades up to 1.13 g/t Au and 32.1 g/t Te respectively. The additional assay data indicates greater economic potential than previously thought. The high-grade mineralization intersected in previously reported drill holes and the new high-grade nickel and Platinum Group Elements (PGE) mineralized system associated with komatiitic volcanics bears similarities to Archean Kambalda-type komatiitic nickel deposits as found in the Kambalda district of Western Australia. The high-grade mineralization is associated with a magnetic anomaly which can be followed onto Globex's Tyrone property into an area not previously extensively explored. This is highly prospective as Azimut reports that the zone 'remains open in all directions'. Other parts of the Tyrone property show numerous high-grade copper, gold and silver occurrences in trenches and grab samples of up to 47.2 g/t Au, 71 g/t Ag and 7.4% Cu. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, President & CEO Globex Mining Enterprises Inc. 86, 14 th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. 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 expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on
New Straits Times
28-05-2025
- Science
- New Straits Times
Hajiji: Sabah must reform education system to tackle future challenges
KOTA KINABALU: Sabah needs to transform the state's education system for students to better face the future challenges, said Chief Minister Datuk Seri Hajiji Noor. He said the latest research data from 2024 revealed that only 65 per cent of students demonstrated good or excellent problem-solving skills, while just 72 per cent were confident in applying scientific knowledge in daily life. "These figures show that we cannot afford to be complacent. Many students are still struggling to understand basic science, technology, engineering and mathematics concepts. "Therefore, educational transformation must become a top priority for all stakeholders," he said at the launch of the International Educational Research Conference "Astounding Research Innovation STEM Exploration" (ARISE) 2025 at the Sabah International Convention Centre here. Hajiji added that teaching approaches rooted in research and innovation must be strengthened and mainstreamed to ensure Sabah's education system remains relevant, inclusive and competitive. The chief minister also called on educators, educational institutions, researchers and policymakers to continuously explore and improve pedagogical methods to align with the digital era and current industry needs. He added that ARISE 2025, which brings together more than 600 participants from Malaysia and abroad, including from the United Kingdom, Spain, the Philippines, China and Ireland, serves as a crucial platform for pioneering global educational collaboration. He also said the state government has allocated RM41.75 million this year to the state Science, Technology and Innovation Ministry, as well as Sabah Skills and Training and Sabah Creative Economy and Innovation Centres, to implement training and skills empowerment programmes. Among those programmes are Borneo Science Expedition, Sabah Science Carnival, Technology and Innovation Competitions, STEM Education Festival, Roboneo Programme and Sabah Screen Fest. Hajiji said all are crucial platforms to cultivate students' interest in technology and engineering.
Yahoo
02-05-2025
- Science
- Yahoo
NASA takes possession of Orion for Artemis II moon mission
For the first time since Apollo 17 in 1972, NASA officially has its hands on a spacecraft expected to fly humans to the moon. Lockheed Martin, prime contractor for the Orion space capsule, transferred possession of the Artemis II spacecraft Thursday to the agency's Exploration Ground Systems team base at Kennedy Space Center. Artemis II is slated to launch from KSC no later than April 2026, taking NASA astronauts Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen on a 10-day mission around the moon — but not to the lunar surface. That launch date is one that's been repeatedly delayed after completion of the uncrewed Artemis I mission in late 2022. 'We want to achieve a pace of one flight a year. We're not there yet,' said Lockheed Martin's Kirk Shireman, head of its Orion program. 'We all know that the faster you fly, the faster you produce vehicles, the cheaper they are, the less cost there is to that and the more you keep the interest of the public.' Artemis II will be the third flight to space for Orion, which was originally part of the Constellation program started under President George W. Bush. It survived that program's demise and was incorporated into what became Artemis, designed to be launched atop the massive Space Launch System rocket for deep-space missions. Orion performed a short test trip to space in 2014 before flying on the Artemis I mission in 2022 that orbited the moon without crew. That flight brought Orion back to Earth at nearly 24,500 mph enduring temperatures of 5,000 degrees Fahrenheit. Unexpected damage found on the heat shield's protective coating prompted an investigation that forced NASA to punt Artemis II further into the decade from its original timelines. As recent as late 2020 under President Trump's first administration, NASA was still holding to the lofty, although ultimately unrealistic goal of flying Artemis I in 2021, Artemis II in 2023 and Artemis III — which aimed to return humans to the lunar surface in 2024. Artemis I ended up flying one year later than planned. Damage to the mobile launcher from the 8.8 million pounds of thrust created by the SLS rocket in addition to Orion heat shield issues were prime factors in Artemis II slipping first into 2024, then 2025 and now not until early 2026. NASA had asked all of its partners in the Artemis program to see if they can exceed deadlines and get to flight as early as February while keeping Artemis III on NASA's calendar for summer 2027. Artemis III is reliant on SpaceX to develop a working version of its Starship rocket to act as the human landing system. 'We are working to even accelerate our work production for flights for Artemis 3, 4, 5 and beyond. NASA has been working with us and encouraging us to continue doing that,' Shireman said. 'The direction we've been getting from NASA is, 'Hey, we've got to meet our dates, and it would be awesome if you could exceed, if you could do better than those dates,' and and that's the way we've been working.' He said a new issue that popped up late last year regarding Orion's batteries had teams projecting a final delivery at the end of May. 'I think we're extremely proud to have been not only able to hold, but accelerate that date,' he said noting Lockheed gained back nearly a month. 'That's pretty phenomenal in a complicated spacecraft.' Orion will eventually be stacked atop the SLS rocket in the Vehicle Assembly Building, after which the completed rocket and spacecraft atop the mobile launcher could roll to Launch Pad 39-B before the end of the year for testing where NASA intends to keep it until launch. Shireman said he thinks NASA is happy with Lockheed's performance. 'It wasn't like everything was smooth sailing,' he said saying many issues were found and solved before they became a schedule threat. 'People have really been working hard and are probably more than a little fatigued. So they're going to take a breather here for 24, maybe 48 hours, and then we're going to hit it again for Artemis III.' Shireman said Lockheed has not had any signal from NASA to pull back from long-term plans with Artemis even though the future of the SLS rocket and Orion spacecraft could shift under new direction during the second Trump administration. The delays to Artemis, along with ballooning costs, has critics including billionaire Jared Isaacman, who was nominated to become the next NASA administrator and is awaiting a confirmation vote in the Senate. Isaacman has told senators he's on board with the plan through at least Artemis III, especially as the U.S. tries to compete with Chinese plans to land on the moon. But after achieving the lunar landing, the nation should look at commercial alternatives such as SpaceX's Starship or Blue Origin's New Glenn for achieving its lunar goals. Shireman continued to stump for the current plan to fly Orion atop SLS in the short term even though plans could change. 'You could launch an Orion on a New Glenn and you could create an architecture,' he said. 'But when you add new elements that don't exist and you haven't started working on them, that's where the time comes in. 'So that's why I believe, firmly believe, the quickest way to the moon — to put American boots back on the moon — is with SLS and Orion on Artemis III.' But he pitched the spacecraft to remain part of whatever the future of deep-space exploration becomes. 'Ultimately, we could pivot to something different,' Shireman said. 'We want to be part of putting Americans back on the moon and a sustainable lunar program. And if the administration wants to modify the architecture, we'll be happy to to work with them.'
