Cadillac Ventures Provides Shareholder Update
Cadillac Ventures (TSXV: CDC) provided a shareholder update regarding multiple developments. The company is currently working with auditors and consultants to resolve a Cease Trade order related to financial statement issues. Additionally, Cadillac completed required field work at its Burnt Hill tungsten/molybdenum property in New Brunswick, which spans 14,000 hectares and contains significant mineral resources including:
- Indicated resource: 1.76M tonnes averaging 0.292% WO3, 0.007% MoS2, 0.008% SnO2 - Inferred resource: 1.52M tonnes averaging 0.263% WO3, 0.008% MoS2, 0.005% SnO2
The company also holds producing oil wells in Mississippi and is reviewing potential new project acquisitions.
Cadillac Ventures (TSXV: CDC) ha fornito un aggiornamento agli azionisti riguardo a diversi sviluppi. L'azienda sta attualmente collaborando con revisori e consulenti per risolvere un ordine di sospensione delle negoziazioni legato a questioni relative ai bilanci finanziari. Inoltre, Cadillac ha completato i lavori sul campo necessari presso la sua proprietà di tungsteno/molibdeno Burnt Hill nel New Brunswick, che copre 14.000 ettari e contiene risorse minerarie significative, tra cui:
- Risorsa indicata: 1,76 milioni di tonnellate con una media dello 0,292% di WO3, 0,007% di MoS2, 0,008% di SnO2
- Risorsa inferita: 1,52 milioni di tonnellate con una media dello 0,263% di WO3, 0,008% di MoS2, 0,005% di SnO2
L'azienda possiede inoltre pozzi petroliferi produttivi in Mississippi e sta valutando potenziali nuove acquisizioni di progetti.
Cadillac Ventures (TSXV: CDC) proporcionó una actualización para los accionistas sobre varios avances. La compañía está trabajando actualmente con auditores y consultores para resolver una orden de cese de negociación relacionada con problemas en los estados financieros. Además, Cadillac completó el trabajo de campo requerido en su propiedad de tungsteno/molibdeno Burnt Hill en New Brunswick, que abarca 14,000 hectáreas y contiene recursos minerales significativos, incluyendo:
- Recurso indicado: 1,76 millones de toneladas con un promedio de 0,292% WO3, 0,007% MoS2, 0,008% SnO2
- Recurso inferido: 1,52 millones de toneladas con un promedio de 0,263% WO3, 0,008% MoS2, 0,005% SnO2
La compañía también posee pozos petroleros en producción en Mississippi y está evaluando posibles nuevas adquisiciones de proyectos.
Cadillac Ventures (TSXV: CDC)는 여러 진행 상황에 대해 주주들에게 업데이트를 제공했습니다. 회사는 현재 재무제표 문제와 관련된 거래 중지 명령을 해결하기 위해 감사인 및 컨설턴트와 협력하고 있습니다. 또한 Cadillac은 뉴브런즈윅에 위치한 14,000헥타르 규모의 Burnt Hill 텅스텐/몰리브덴 광산 부지에서 필요한 현장 작업을 완료했으며, 이 부지는 다음과 같은 중요한 광물 자원을 포함하고 있습니다:
- 확정 자원: 176만 톤, 평균 0.292% WO3, 0.007% MoS2, 0.008% SnO2
- 추정 자원: 152만 톤, 평균 0.263% WO3, 0.008% MoS2, 0.005% SnO2
회사는 또한 미시시피에 생산 중인 유정도 보유하고 있으며, 잠재적인 신규 프로젝트 인수도 검토 중입니다.
Cadillac Ventures (TSXV : CDC) a fourni une mise à jour aux actionnaires concernant plusieurs développements. La société travaille actuellement avec des auditeurs et des consultants pour résoudre une ordonnance de cessation de négociation liée à des problèmes d'états financiers. De plus, Cadillac a achevé les travaux de terrain requis sur sa propriété Burnt Hill de tungstène/molybdène au Nouveau-Brunswick, qui s'étend sur 14 000 hectares et contient d'importantes ressources minérales, notamment :
- Ressource indiquée : 1,76 million de tonnes avec une teneur moyenne de 0,292 % WO3, 0,007 % MoS2, 0,008 % SnO2
- Ressource inférée : 1,52 million de tonnes avec une teneur moyenne de 0,263 % WO3, 0,008 % MoS2, 0,005 % SnO2
La société possède également des puits de pétrole en production au Mississippi et examine de potentielles acquisitions de nouveaux projets.
Cadillac Ventures (TSXV: CDC) gab ein Aktionärsupdate zu mehreren Entwicklungen bekannt. Das Unternehmen arbeitet derzeit mit Wirtschaftsprüfern und Beratern zusammen, um eine Handelsaussetzung im Zusammenhang mit Problemen bei den Finanzberichten zu beheben. Zudem hat Cadillac die erforderlichen Feldarbeiten auf seinem Burnt Hill Wolfram/Molybdän-Gelände in New Brunswick abgeschlossen, das sich über 14.000 Hektar erstreckt und bedeutende Mineralressourcen enthält, darunter:
- Angezeigte Ressource: 1,76 Mio. Tonnen mit durchschnittlich 0,292% WO3, 0,007% MoS2, 0,008% SnO2
- Abgeleitete Ressource: 1,52 Mio. Tonnen mit durchschnittlich 0,263% WO3, 0,008% MoS2, 0,005% SnO2
Das Unternehmen besitzt außerdem fördernde Ölfelder in Mississippi und prüft mögliche neue Projektakquisitionen.
- Completion of required field work at Burnt Hill property to meet assessment requirements
- Significant mineral resources confirmed at Burnt Hill property with 1.76M tonnes indicated and 1.52M tonnes inferred
- Company owns producing oil well assets in Mississippi
- Active review of new acquisition opportunities
- Company under Cease Trade order due to unresolved financial statement issues
- Ongoing audit issues requiring resolution
- Trading of shares currently suspended due to Cease Trade order
Pickering, Ontario--(Newsfile Corp. - May 1, 2025) - Cadillac Ventures Inc. (TSXV: CDC) ("Cadillac" or "the Company") would like to advise shareholders that it is currently working with its auditor and an independent consultant to resolve the Cease Trade order issued against the Company. Cadillac has certain issues to resolve as part of completing its financial statements and is working to resolve the issues. The Company is of the opinion that these issues can be resolved, and upon completion of subsequent audit requirements, the Cease Trade order resolved.
In addition, Cadillac would like to advise shareholders the field work required to meet assessment requirements on its Burnt Hill property was completed and the results filed. The Burnt Hill tungsten/molybdenum property covers approximately 14,000 hectares in central New Brunswick and hosts an NI 43-101 indicated resource of 1,761,000 tonnes within an open pit and underground averaging
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In addition to the Burnt Hill tungsten deposit Cadillac holds several producing oil well assets in the State of Mississippi and is currently engaged in an acquisition review of several new projects.
Brian H. Newton, P.Geo, an independent qualified person pursuant to the guidelines of NI 43-101 has reviewed and approved the technical disclosure in this press release.
Cadillac contact information;
norman@cadillacventures.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250442
FAQ
Why is Cadillac Ventures (CADIF) under a Cease Trade order?
What are the mineral resources at Cadillac Ventures' Burnt Hill property?
Where are Cadillac Ventures' oil well assets located?
How large is Cadillac Ventures' Burnt Hill property?
What steps is CADIF taking to resolve the Cease Trade order?
