Welcome to our dedicated page for Lux Metals news (Ticker: BBBMF), a resource for investors and traders seeking the latest updates and insights on Lux Metals stock.
The news feed for Huntsman Exploration Inc. (OTC Pink: BBBMF) provides a record of the company’s public announcements as it evolved into Lux Metals Corp. on the TSX Venture Exchange. These releases outline how the company has built and reshaped its mineral exploration portfolio across Western Australia and Canada, and how its corporate identity has changed over time.
Readers can review detailed updates on the Canegrass Nickel Project in Western Australia, where Huntsman reported multiple drilling campaigns targeting nickel, copper, cobalt and associated platinum group elements. News items describe reverse circulation and diamond drilling at prospects such as Tulloch, Sunline, Bonecrusher, Saintly and Tobin Bronze, as well as the use of downhole electromagnetic surveys to refine targets at depth. Additional releases discuss satellite imagery–based interpretation and field plans to assess pegmatites at Canegrass that may be prospective for lithium-caesium-tantalum mineralization.
The archive also includes corporate and transactional news. Huntsman announced a share consolidation on a 10 old for 1 new basis, along with an agreement through its subsidiary to acquire PieCo Metals Pty Ltd, which holds projects in the Julimar province and Windimurra district of Western Australia. In Canada, the company reported an option agreement to acquire the Legear lithium property in northwestern Ontario. Later, under the Lux Metals name, news highlights an option to acquire the La Grande gold project in the James Bay region of Québec, characterized by numerous gold showings and extensive historical exploration.
For anyone tracking BBBMF or researching the transition from Huntsman Exploration to Lux Metals Corp., this news page offers a centralized view of exploration results, property acquisitions, corporate restructuring and the approved name and symbol change on the TSX Venture Exchange.
Huntsman Exploration has unveiled its 2022 exploration strategy, focusing on its fully owned Canegrass Nickel project in Western Australia. The project aims to delineate a new nickel province, with a significant 5,000m drill program commencing in February 2022. Previous drilling has shown promising results, including high-grade nickel and copper intersections. Huntsman is leveraging advanced exploration techniques and plans to expand its knowledge, supported by experienced consultants Newexco.
Huntsman Exploration Inc. (OTC PINK: BBBMF) has completed a private placement, issuing 31,027,529 shares at a price of $0.07 per share, generating $2,171,927 in gross proceeds. A total of $114,092.81 was paid in finder's fees. Insiders acquired 882,857 shares, classified as a related party transaction. The funds will support exploration at the Canegrass property, cover acquisition costs for the Baxter Spring property, and provide general working capital. Additionally, the Company surrendered 40% of its tenement tenure due to regulatory requirements but deemed it non-impactful for ongoing operations.
Huntsman Exploration Inc. (OTC PINK: BBBMF) has successfully exercised its option to acquire 100% of the Baxter Spring property in Nevada. Following previous announcements from August and November 2020, the company has confirmed that a payment of US$250,000 originally due on December 1, 2021, has been extended to May 31, 2022. Further details on upcoming exploration programs will be communicated in due course.
Huntsman Exploration Inc. (OTC PINK: BBBMF) announced the appointment of Mathew O'Hara as a new director. O'Hara, a Chartered Accountant, brings extensive experience in capital markets and financial governance, having served in various executive roles within the resources sector. His past roles include directorships at companies such as Benz Mining Corp and Carbine Resources Limited. Scott Patrizi, CEO, expressed confidence in O'Hara's ability to contribute to Huntsman's strategic review and future planning, aimed at maximizing shareholder value.
Huntsman Exploration Inc. (TSXV:HMAN)(OTC PINK:BBBMF) announced the appointment of Scott Patrizi as President and Chief Executive Officer. Mr. Patrizi brings extensive experience in equity capital markets and project acquisition, having previously led successful IPOs and significant acquisitions in the mining sector. He replaces Peter Dickie, who has resigned from his positions. Huntsman focuses on mineral exploration, particularly the Canegrass Nickel Sulphide project in Australia and gold projects in Nevada and Idaho.
Huntsman Exploration has successfully exercised its option to acquire 100% interest in the Canegrass Mineral Exploration Tenement. The company is currently awaiting results from final diamond core drilling and ongoing electromagnetic surveys at the site. Prior drill results indicate promising nickel, copper, and cobalt mineralization, with recent assays confirming favorable host rock and multiple high-grade intersections. Huntsman plans to expand drilling to further define mineralized horizons, enhancing the project's potential.
Huntsman Exploration (OTC PINK: BBBMF) will host a webcast on April 14, 2021, at 8:00 am PDT. The discussion will focus on recent high-grade nickel and copper assay results reported on March 23, 2021, along with plans for the next phase of the drill program at the Canegrass Nickel Sulphide project. Key attendees will include CEO Peter Dickie and VP Exploration Nathan Tribble, along with representatives overseeing the drill program from Newexeco, Australia. An audio replay will be made available post-event.
Huntsman Exploration Inc. (OTC: BBBMF) has provided an update on its Phase I drilling program at the Canegrass Nickel project in Western Australia. Approximately 760 drilling samples, including 360 from Reverse Circulation (RC) drill holes and 400 from diamond drill holes, have been submitted for analysis. Initial assay results are expected by March 20-21, with complete findings anticipated by March 22. The company is also on schedule to complete downhole electromagnetic surveys by the end of March, aiding in the planning for Phase II operations.
Huntsman Exploration Inc. (OTC PINK: BBBMF) has completed the final two holes of its Phase I, 2021 drilling program at the Canegrass Nickel project in Western Australia. The program aimed to explore new targets and build on the successful 2018 drilling, hitting nickel sulphides in multiple zones along a 7 km mineralized trend. A total of 16 holes were drilled, totaling 3,466 meters. Over 360 samples have been submitted for analysis, with results expected shortly. Planning for Phase II drilling is underway, targeting step-out and infill drilling between key zones.
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