Auric Minerals Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Auric Minerals Corp
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Auric Minerals Corp. Announces Issuance of Convertible Debentures in the Principal Amount of $650,000, and Provides Corporate Update
Auric Minerals Corp. announced the closing of a $650,000 non-brokered financing, issuing 650 convertible debenture units. The funds will support exploration and asset acquisition. Additionally, 115 debenture units were issued to Cronin Exploration as settlement for previous cash payments.
Auric Minerals Signs Option Agreement for Uranium Assets in Quebec
Auric Minerals Corp. has signed an option agreement to acquire 100% interest in three uranium properties in Quebec: Caboose, Kawip, and Manic. This move supports their growth strategy amidst rising uranium demand for nuclear energy, involving a $300,000 payment over two years.
Auric Minerals Announces Convertible Debenture Financing and Raises $429,021 from Warrant Exercise
Auric Minerals Corp. announced a non-brokered financing of convertible debenture units for up to $1 million, raising $429,021 from exercised warrants. Proceeds will fund exploration, asset acquisition, and working capital. The company may pay finders' fees and issued forward-looking statements about the financing.
Auric Minerals Provides Overview of N. America Uranium Market and Adoption of Nuclear as Clean Energy by Major Industry and Technology Companies
Auric Minerals Corp. is positioning itself in the uranium sector amid a nuclear energy revival driven by policy support and corporate net-zero goals. Advances in nuclear tech, like small modular reactors and new enrichment facilities, highlight rising demand for domestic uranium and secure energy sources.
Auric Minerals Announces Letter of Intent to Option Three Uranium Assets in Quebec
Auric Minerals Corp. has signed a non-binding letter of intent to acquire three uranium properties in Quebec, enhancing its portfolio in a top mining jurisdiction. The Caboose property shows promising uranium values, and the company aims to expand its regional strategy in Eastern Canada.
Auric Minerals Announces Hardline Exploration for Geological and Exploration Consulting
Auric Minerals Corp. has signed a consulting agreement with Hardline Exploration Corp. and Jeremy Hanson for geological and exploration services as it prepares for field programs in Labrador's Central Mineral Belt on its uranium properties.
Auric Minerals Announces Option Agreement for BUB Uranium Property in Labrador Central Mineral Belt
Auric Minerals Corp. has signed an option agreement to acquire a 100% interest in the BUB Uranium Property in Labrador, enhancing its position in the Central Mineral Belt. The company plans to advance its exploration efforts in 2025 following this acquisition.
Auric Minerals Announces Exploration Program on Its Uranium Project in Labrador Canada
Auric Minerals Corp. announced the start of its 2025 exploration program on the Route 500 Uranium Property in Labrador, set to begin in January. The program will include prospecting and sampling, targeting pegmatite bodies for uranium mineralization, supported by historic data.
Auric Minerals Announces Filing of Year End 2024 Financial Statements
Auric Minerals Corp. filed its annual financial statements and management discussion for the year ending October 31, 2024, on December 24, 2024. These documents are available on SEDAR+. For more information, contact Chris Huggins.
Auric Minerals Announces Filing of Business Acquisition Report, and Changes to Management and Board
Auric Minerals Corp. has completed the acquisition of Central Uranium Resources Corp. and filed the Business Acquisition Report, including CURC's financials. CEO Dimitri Lakutin has resigned, with Christopher Huggins appointed as acting CEO.
Auric Minerals Completes Acquisition of Central Uranium Resources
Auric Minerals Corp. has acquired Central Uranium Resources Corp., which holds rights to the Route 500 Property in Newfoundland and Labrador, through a share exchange agreement. The transaction involves issuing shares and warrants, and does not change control of Auric.
Auric Minerals Corp. Successfully Completes Exploration Work at its Goodeye Property in British Columbia, Canada; Announces No Material Changes
Auric Minerals Corp. announced the successful completion of its 2024 exploration program at the Goodeye Property in British Columbia, involving ground geophysical surveys, soil and stream sediment sampling, and rock sampling, despite challenging winter conditions.
Auric Minerals Corp. Commences Exploration Work at its Goodeye Property in British Columbia, Canada
Auric Minerals Corp. has announced the start of its 2024 exploration work program on its Goodeye Property in British Columbia, Canada. The program will include prospecting, mapping, soil and rock sampling, and geophysical surveys. The focus will be on areas identified during the 2021 exploration as having higher silver and gold values, notably the contact zones between the Sheppard Intrusion and other formations, quartz veins within the Sheppard Intrusion, and target areas marked by the Wanita fault.
Auric Minerals Reaches Definitive Agreement to Acquire Central Uranium Resources
Auric Minerals Corp. has announced a share exchange agreement with Central Uranium Resources Corp. (CURC), through which it plans to acquire all outstanding shares of CURC. CURC holds acquisition rights to the Route 500 Property in Newfoundland and Labrador, an area known for prospective uranium mineralization. The property, which is vastly underexplored, has seen renewed interest due to successful uranium exploration in the past and the potential for further discoveries.
Auric Announces Letter of Intent with Central Uranium Resources
Auric Minerals Corp. has announced a non-binding letter of intent with Central Uranium Resources Corp. (CURC) to potentially acquire the company. CURC holds rights to the Route 500 Property in Newfoundland and Labrador. The proposed acquisition would involve Auric Minerals Corp. acquiring all of CURC's outstanding share capital in exchange for 12 million common shares and 4.5 million common share purchase warrants. Each warrant can be exercised at $0.20 for a period of 36 months. Completion of the acquisition is dependent on several conditions including due diligence, negotiation of definitive documentation, and required regulatory approvals. Further information will be provided once due diligence is completed.
