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 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.
Huntsman Exploration (OTC PINK: BBBMF) announced successful drilling results at its Canegrass Nickel project in Western Australia, where nickel sulphides were found in multiple holes along a 7 km mineralized trend. The ongoing 2021 drill program has completed 14 of 16 planned holes, with a total depth of about 3,500 m. An extensive Moving Loop Electromagnetic (MLEM) survey is underway to identify new targets.
CEO Peter Dickie expressed optimism about the drilling results and future assay data.
Huntsman Exploration announced an option agreement to acquire the Flint Property in Idaho from a subsidiary of Headwater Gold Inc.. This acquisition covers 238 mineral claims spanning 1,845 hectares. The Flint Property is located near the DeLamar and Florida Mountain camps, which hold significant historical resources. Huntsman aims to utilize modern exploration techniques to assess the potential for bulk mineable gold and silver. The Agreement involves a cash payment of US$100,000 and the issuance of 8,450,000 shares, pending TSX approval.
BlueBird Battery Metals Inc. (BBBMF) has announced an increase in its financing by $3,000,000, bringing the total to $5,000,000. The company will issue 25,000,000 post-consolidated units at $0.20 each, with each unit including a warrant exercisable at $0.35 over three years. The financing is primarily for acquisition and exploration at the Baxter Spring project and exploration on the Canegrass property in Australia. The announcement is pending acceptance by the TSX Venture Exchange.
BlueBird Battery Metals Inc. announced an option agreement to acquire a 100% interest in the Baxter Spring Property in Nevada from Liberty Gold Corp. The deal includes a $500,000 payment and issuance of shares representing 19.5% of the company's equity following a share consolidation. Concurrently, BlueBird will raise $2 million through a private placement. The Baxter Spring project features significant gold exploration potential with historical drill results and is located in a favorable mining jurisdiction. The company plans to change its name to Huntsman Exploration Inc. and consolidate shares on a 2:1 basis.