Welcome to our dedicated page for Canada Carbon news (Ticker: BRUZF), a resource for investors and traders seeking the latest updates and insights on Canada Carbon stock.
Canada Carbon Inc. (BRUZF) generates a steady flow of news related to its graphite-focused mineral exploration activities in Quebec, Canada. Company releases highlight work on its 100%-owned Asbury Graphite Project near Notre-Dame-du-Laus and on the historic Miller Graphite Project in Grenville-sur-la-Rouge, as well as corporate and financing developments tied to these assets.
Investors following BRUZF news can read detailed updates on exploration programs, including diamond drilling campaigns, geophysical interpretations and assay results that describe graphitic carbon grades and mineralized intervals. Canada Carbon also reports on NI 43-101 technical milestones such as its Maiden Mineral Resource Estimate for Asbury, prepared by SGS Canada Inc., and on metallurgical test work and a Bulk Sample Program conducted with SGS Lakefield to optimize graphite processing flowsheets.
News items further cover permitting and regulatory steps, including the company’s work with the Quebec Ministry of Natural Resources and Forestry to secure permits for drilling at Asbury and its submission of a revised application for the Miller Graphite Project to the Commission de la Protection du Territoire Agricole du Quebec. Community-focused announcements, such as the creation of a Community Advisory Committee with the Municipality of Notre-Dame-du-Laus, provide insight into stakeholder engagement around project development.
On the corporate side, Canada Carbon issues releases about capital markets transactions like non-brokered private placements of flow-through and non-flow-through units, finders’ fees, and the issuance of common shares to consultants under advisory agreements. By reviewing this news feed, readers can track how exploration results, technical studies, permitting progress and financing activities intersect across Canada Carbon’s graphite portfolio.
Canada Carbon (TSX-V: CCB) has secured all necessary permits from Quebec's government for its third drilling campaign at the Asbury Graphite Property. The campaign will cover 5,200 meters of core drilling across Asbury's 5-kilometer mineralization trend.
The company plans to use this data to update its NI 43-101 resource report and complete a pre-feasibility study by December 31, 2025. The project's current inferred resource stands at 4.14 Mt with an average grade of 3.05% Cg. Previous drilling campaigns in 2022-2023 yielded impressive results, including 12.25% Cg over 22.50m in the eastern part of the deposit.
The permits were obtained after extensive consultation with local stakeholders, including the Notre-Dame-du-Laus municipality and Kitigan Zibi Anishinaabeg community. Drilling is expected to commence by July 31, 2025.
Canada Carbon has completed its Bulk Sample Program at the Asbury Graphite Project in Quebec. Working with SGS Lakefield, the program analyzed head assays, Bond Ball Work Index, and flowsheet optimization. The composite drill core samples showed 3.68% graphitic carbon, exceeding the Initial Resource Estimate. The final flotation test achieved combined concentrate grades of >98% total carbon, with +150 mesh and +325 mesh assaying at 99.1% and 99.0% respectively. The optimized flowsheet demonstrated efficient primary processing operation suitable for battery anode applications. The company aims to complete the Pre-Feasibility Study by Q1 2025.
Canada Carbon Inc. (TSX-V:CCB) (FF:U7N1) has announced the issuance of 2,237,750 common shares to Alternative Resource Capital, a trading name of Shard Capital Partners LLP. This equity issuance is part of the payment for corporate-finance advisory services provided by the consultant, as per an engagement letter dated August 22, 2024.
The shares were issued at a deemed price of $0.02 per share and will be subject to a four-month hold period from the date of issuance, in compliance with TSXV policies and Canadian securities laws. This move represents a portion of the annual fee owed to the consultant for their services.
Canada Carbon Inc. (TSX-V:CCB) has engaged Alternative Resource Capital, a trading name of Shard Capital Partners LLP, for corporate-finance advisory and equity research services. The agreement, dated August 15th, 2024, involves an annual fee of £50,000, with 50% paid in common shares and 50% in quarterly cash installments of £6,250. The company will also pay up to 5% commission on investments introduced by the consultant. This engagement aims to enhance Canada Carbon's financial advisory and research capabilities, potentially impacting its market position and investor relations. The agreement and share issuance are subject to TSX Venture Exchange approval, with issued shares having a four-month hold period.
Canada Carbon has successfully closed a non-brokered private placement, raising gross proceeds of $500,000. This includes 7,500,000 flow-through units (FT Units) at $0.06 each, totaling $450,000, and 833,333 non-flow-through units (NFT Units) at $0.06 each, totaling $50,000. Each FT Unit comprises one flow-through share and a half warrant, whereas each NFT Unit comprises one share and one warrant. Warrants allow the purchase of one common share at $0.12 for 60 months. The company will use the proceeds from FT Units for eligible expenses and NFT Units for general corporate purposes. A finder's fee of $36,000 and 600,000 warrants was paid. All securities are subject to a four-month plus one-day hold period.
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Canada Carbon Inc. has initiated the revised application for its Miller Graphite Project, submitting all necessary documentation to the Municipal Inspector of Grenville Sur La Rouge on March 17, 2023. The submission is aimed at a streamlined review process, focusing solely on the graphite deposit's development while excluding the previously planned marble quarry. The GSLR has 45 days to review the compliance of the application with local laws, after which it will forward it to the CPTAQ for a potential six-month review. CEO Ellerton Castor emphasized the intention to address regulatory concerns effectively and position Canada Carbon as a key player in the nuclear supply chain.