Mineral Road Discovery Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Mineral Road Discovery Inc
Perm ID: 1-5066582049
https://crestresourcesinc.com/
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Mineral Road Closes Flow Through Share Financing
Mineral Road Discovery Inc. has closed a non-brokered private placement, issuing 5,291,667 flow-through shares at $0.12 each for $635,000. Proceeds will fund eligible Canadian exploration expenses in Quebec, with a hold period until April 20, 2025.
Mineral Road Announces Private Placement of Up To $636,000 of Flow Through Shares
Mineral Road Discovery Inc. is launching a private placement of up to 5.3 million flow-through shares at $0.12 each, aiming to raise $636,000 for Canadian exploration expenses in Quebec. The company will renounce these expenditures to share purchasers by December 31, 2024.
Mineral Road to List AusVan Vanadium on Australia Securities Exchange
Mineral Road Discovery Inc. has agreed to list AusVan Battery Metals on the ASX for Aus$5 million, aiming to advance Vanadium Redox Flow Battery production. The AusVan project in Queensland includes 6 exploration licenses and highlights the importance of vanadium in renewable energy.
Mineral Road Completes Atlin-Ruffner Acquisition
Mineral Road Discovery acquires full control of the Atlin-Ruffner Project in BC, planning exploration in 2025, targeting historic gold, silver, lead-zinc deposits, amid growing interest in critical minerals.
Mineral Road Acquires Two Properties in Quebec
Mineral Road Discovery Inc. has announced an agreement to acquire licenses for the Wheeler and Bergeron properties in the Labrador Trough Area of Quebec, Canada. The Wheeler property, with 245 claims spanning 11,797 hectares, is a potential source of copper, nickel, cobalt, and platinum group elements. The Bergeron property, covering 5,123 hectares with 110 claims, is prospective for uranium. The Wheeler property was last explored in the 1960s by Cominco and SEREM LTEE. Current data on the property comes from Quebec Government archives and includes lake sediment and till sampling, as well as airborne surveys.
Mineral Road Acquires Shares of Golcap Resources Corp.
Mineral Road Discovery Inc. has announced an agreement to acquire 2.5 million shares of Golcap Resources Corp from 1459988 BC Ltd, at a total purchase price of $500,000. In exchange, Mineral Road Discovery will issue 6.25 million shares to 1459988 BC Ltd, also valued at $500,000. The transaction is subject to approval by the Canadian Securities Exchange and further regulatory conditions. Emma Fairhurst, a director of both Mineral Road Discovery and 1459988 BC Ltd, is involved in this related party transaction. The company is using exemptions from certain requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization.
