Cumberland Resources Nickel Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Cumberland Resources Nickel Corp
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Cumberland Resources Nickel Corp. Changes Name to Global Defence Metals Corp.
Global Defence Metals Corp. announces its name change from Cumberland Resources Nickel Corp. and symbol change from LAND to MONI, effective January 29, 2025. The release includes forward-looking statements with associated risks and uncertainties.
Cumberland Resources Strengthens Position in High-Potential Antimony Region with New Claim Staking
Cumberland Resources Nickel Corp. has staked 30 new mining claims in Darling Township, Ontario, expanding its total holdings to over 1,400 hectares. The company aims to explore antimony, a critical mineral with rising demand and prices, leveraging the region's favorable infrastructure.
Cumberland Resources Announces Closing of $749,919.45 LIFE Offering
Cumberland Resources closed a $749,919 private placement, issuing units with shares and warrants, to fund property development and operations.
Cumberland Resources Announces Non-Brokered Private Placement
Cumberland Resources Nickel Corp. has announced a non-brokered private placement of 15-25 million units at $0.03 each, aiming to raise between $450,000 and $750,000. Each unit contains one common share and half of a warrant, with each full warrant granting the right to purchase an additional share at $0.05 within a year of the offering's closing. The net proceeds will be used for property development and working capital, in compliance with Canadian Securities Exchange policies. The offering may be completed in multiple closings by December 20, 2024.
Cumberland Resources Stakes 44 Prospective Claims in Ontario
Cumberland Resources Nickel Corp. has successfully staked 44 single-cell unpatented mining claims in Darling Township, Ontario, covering approximately 800 hectares. The area is rich in infrastructure and has documented occurrences of antimony, a critical mineral in energy storage and defense technologies, along with copper, gold, and silver. The new claims highlight Cumberland's commitment to mineral exploration in North America and position the company as a potential key supplier of this strategic resource.