Teako Minerals Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Teako Minerals Corp
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Teako Commences Maiden Diamond Drill Program at the Løkken Copper-Cobalt-Zinc Project, Norway
Teako Minerals Corp. has launched its first diamond drilling program at the Åmot target within its Løkken copper-cobalt-zinc project in Norway. The focus is on a geophysical anomaly indicative of buried VMS deposits, with drilling expected to complete by April 11, 2025.
Teako Closes Oversubscribed Private Placement, Welcomes Norwegian Family Office as a Significant (>10%) Shareholder Alongside Strong Participation from Existing Investors and Prominent Norwegian Investors
Teako Minerals Corp. closed a successful non-brokered private placement, issuing 14.8 million shares for $961,943, oversubscribed with support from existing and new investors, including a Norwegian family office. Insiders participated, exceeding 10% ownership.
Teako Announces Changes to the Board of Directors; Strengthens Capital Markets Expertise
Teako Minerals Corp. announced the appointment of Engebret Lønnum to its Board of Directors, enhancing its capital markets expertise, while Owen Garfield and Philip Gunst have stepped down. The company aims to strengthen ties between Canadian and Nordic investors.
Teako Announces Non-Brokered Private Placement of Up to $750,000 to Advance Drilling at the Løkken Project; Secures $400,000 in Lead Commitments
Teako Minerals Corp. is launching a non-brokered private placement to issue up to 11.54 million common shares at $0.065 each, aiming for $750,000. This offering replaces a previously terminated placement and will fund drilling at its Løkken project in Norway.
Teako Announces Share Purchase Agreement, Closes Shares for Debt Transaction, and Provides Update on Previously Announced Private Placement
Teako Minerals Corp. announced the sale of its shares in The Coring Company for C$1.675 million and settled C$172,500 in debts by issuing shares to insiders. These transactions enhance the company's financial position and support upcoming projects in Norway.
Teako Announces Shares for Debt Transaction
Teako Minerals Corp. announces a $172,500 debt settlement by issuing 1,916,661 shares to creditors for services rendered. This includes a related party transaction with insiders and will follow exemptions from formal valuation and approval requirements under MI 61-101.
Teako Minerals Receives Drill Permits for the High-Grade Copper-Cobalt-Zinc Massive Sulfide Løkken Project in Norway; Permits Granted Within Two Weeks of Application
Teako Minerals Corp. has received final permits for a winter diamond drill program at its Løkken project, focusing on high-grade copper-cobalt-zinc VMS. The program includes 19 drill holes targeting unexplored anomalies and confirming historical mineralization, to be completed by March 31, 2025.
Teako Minerals Concludes Regional Summer Program and Provides Private Placement Update
Teako Minerals Corp. has completed its summer exploration program in Norway, covering 18 projects and involving soil and rock sampling. The company also extended its previous private placement of up to 11,111,111 common shares for up to $1,000,000. The results of the exploration program included soil samples, rock chip samples, and water samples for copper isotope studies. Site visits have been conducted on the Løkken property for the upcoming 2024/2025 drill program. The exploration also identified multiple targets on the Fe-Ti-P-REE projects and potential base-metal targets in the Eiker program.
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