Welcome to our dedicated page for Callinex Mines news (Ticker: CLLXF), a resource for investors and traders seeking the latest updates and insights on Callinex Mines stock.
News for Callinex Mines Inc. (OTCQX: CLLXF) focuses on the company’s progress advancing base and precious metals rich deposits in established Canadian mining jurisdictions. Company news releases emphasize exploration and technical updates at its key VMS projects, together with corporate developments and strategic initiatives related to its asset portfolio.
Readers following CLLXF news can expect detailed coverage of exploration programs at the Point Leamington Project in Newfoundland, where Callinex reports a large, felsic-hosted VMS deposit with pit-constrained and out-of-pit mineral resources containing gold, copper, zinc, silver and lead. Updates describe exploration permits, government grant support, planned drilling campaigns, and work aimed at expanding the resource base along strike and at depth, including evaluation of footwall zones and metallurgical testwork.
News items also highlight activity at the Pine Bay Project in Manitoba’s Flin Flon Mining District, including drilling and geophysical surveys at the Rainbow deposit and nearby targets such as Descendent and Poseidon. Releases describe how magnetotelluric, borehole EM, surface pulse EM and airborne EM surveys are used to identify resistivity lows and conductive bodies interpreted to be associated with VMS horizons and alteration packages.
In addition, CLLXF news covers corporate and strategic developments, such as the formation of Osawi Gold Corp. to hold Manitoba gold projects, the planned name change to Visionary Copper and Gold Mines Inc., and appointments of experienced VMS geologists and technical advisors. These updates provide context on how Callinex structures its portfolio around VMS and gold assets in Newfoundland, Manitoba and New Brunswick.
Investors and observers can use this news feed to review exploration results, permitting milestones, technical commentary and corporate actions that the company discloses as it advances its projects.
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Visionary Copper and Gold Mines Inc. (CLLXF) closed the first tranche of a non-brokered private placement on December 9, 2025, issuing 1,613,815 HD Units at C$0.75 for gross proceeds of C$1,210,361. Each HD Unit includes one common share and one-half warrant exercisable at C$1.10 for two years, with an acceleration clause if the VWAP reaches C$1.50 for 10 consecutive trading days.
The company is offering up to 1,333,333 FT Units at C$1.11 (up to C$1,480,000) and 267,175 Manitoba FT Units at C$1.31 (up to C$350,000), anticipated to close December 18, 2025. Insiders subscribed for 229,482 HD Units (C$172,111). FT proceeds will fund qualifying exploration at Point Leamington and be renounced effective December 31, 2025. TSXV acceptance is required.
Visionary Copper and Gold Mines (OTCQX: CLLXF) has announced its 2025 exploration program for the 100% owned Pt. Leamington Project in central Newfoundland. The program aims to expand the volcanogenic massive sulphide (VMS) deposit through targeted drilling, focusing on four key areas:
1) Strike extension to potentially double near-surface length to 1.2km
2) Near-surface in-pit copper stringer zone exploration
3) Deeper footwall horizon development
4) Depth extension testing of the deposit
The project currently hosts a pit-constrained Indicated Resource of 5.0 Mt grading 2.5 g/t AuEq (402 koz AuEq) and an Inferred Resource of 13.7 Mt grading 2.24 g/t AuEq (986.5 koz AuEq). The program represents the first exploration drilling in over two decades and will commence in Q4 2025 following receipt of a 2-year exploration permit.
Visionary Copper and Gold Mines (OTCQX: CLLXF) and Osawi Gold Corp. have announced a groundbreaking appointment of Elder Margaret Head-Steppan as their Elder, establishing the first such position in Canadian mineral exploration history.
In this pioneering role, Elder Margaret will provide traditional knowledge guidance, oversee land blessing ceremonies for exploration activities, and educate on First Nations history and traditions. Her appointment aims to ensure sustainable resource development while maintaining respect for Indigenous communities and environmental stewardship.
The initiative reflects both companies' commitment to responsible exploration practices and meaningful engagement with First Nations communities, with a focus on preserving resources for future generations.
Callinex Mines (OTCQX: CLLXF) has announced its rebranding to Visionary Copper and Gold Mines Inc., with trading under the new name and symbol "VCG" to commence on August 28, 2025 on the TSX Venture Exchange. The name change reflects the company's focus on Canadian copper and gold projects.
The company's portfolio includes the Point Leamington Deposit in Newfoundland with significant mineral resources, including 402 koz AuEq Indicated and 986.5 koz AuEq Inferred pit-constrained resources. The Rainbow deposit at the Pine Bay Project contains 272.4 Mlb CuEq Indicated and 83.4 Mlb CuEq Inferred resources. The Nash Creek Project in New Brunswick demonstrates strong economics with a pre-tax IRR of 34.1% and NPV8% of $230 million at $1.25 Zinc.
Callinex Mines (OTCQX:CLLXF) has announced the formation of Osawi Gold Corp., a wholly-owned subsidiary to advance its Manitoba gold exploration portfolio. The new entity will focus on two key assets: the Gossan Hill Gold Project, which includes the historic Gurney Gold Mine that produced 25,164 ounces of gold and 71,953 ounces of silver (1937-1939), and the Island Lake Gold Project, covering 70km of the Island Lake Greenstone Gold Belt.
The Gossan Hill Project features significant drill intersections, including 23.81m at 4.60 g/t gold and remains open for expansion. The Island Lake Project includes the historic Ministik deposit with a historical resource of 166,439 ounces at 13.37 g/t gold. This strategic restructuring aims to unlock value from these gold assets while Callinex maintains focus on its core VMS portfolio.
Callinex Mines (OTCQX: CLLXF) has appointed renowned VMS expert Dr. Stephen Piercey, P.Geo., to its technical team. Dr. Piercey, recipient of the prestigious D. R. Derry Medal, brings over 25 years of experience in volcanogenic massive sulphide deposits exploration.
The company's flagship Point Leamington Deposit in Newfoundland has an Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq (402 koz AuEq) and an Inferred Resource of 13.7 Mt grading 2.24 g/t AuEq (986.5 koz AuEq). The company also holds the Rainbow deposit at its Pine Bay Project with an Indicated Resource of 3.44 Mt grading 3.59% CuEq (272.4 Mlb CuEq).
Callinex Mines (OTCQX: CLLXF) has announced plans to change its name to Visionary Copper and Gold Mines Inc., with an expected new stock symbol "VCG" in early September 2025. The name change reflects the company's strategic focus on sustainable copper and gold mining across Canada.
The company's portfolio includes the Point Leamington Deposit in Newfoundland with significant mineral resources, including 402 koz AuEq Indicated and 986.5 koz AuEq Inferred pit-constrained resources. The Rainbow deposit at its Pine Bay Project contains an Indicated resource of 272.4 Mlb CuEq and an Inferred resource of 83.4 Mlb CuEq. The Nash Creek Project in New Brunswick demonstrates strong economics with a pre-tax IRR of 34.1% and NPV8% of $230 million at $1.25 Zinc.
Callinex Mines (OTCQX: CLLXF) has appointed Peter Dimmell, a Professional Geologist with over 50 years of experience, to its Board of Directors as the lead director on the technical committee. Dimmell was part of the original discovery team of the Point Leamington VMS deposit, which contains significant gold, copper, zinc, and silver resources.
The Point Leamington Project's current resources include an Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq (402 koz AuEq) and an Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq (986.5 koz AuEq). Additionally, Callinex has acquired a new mineral license adjacent to the project through a purchase agreement involving 50,000 common shares and a 1% NSR royalty.
Dimmell brings extensive industry leadership experience as a past president of PDAC and current board member of the Canadian Mining Hall of Fame.Callinex Mines (OTCQX:CLLXF) has secured a $150,000 grant from Newfoundland's Junior Exploration Assistance Program and received additional exploration permits for its Point Leamington Project. The permits, approved within two weeks of submission, will support the company's 2025 exploration campaign.
The Point Leamington Project hosts a significant VMS deposit with resources including a pit-constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq (402 koz AuEq) and an Inferred Resource of 13.7 Mt grading 2.24 g/t AuEq (986.5 koz AuEq). The project is strategically located 37km from Grand Falls-Windsor and 20km from the provincial power grid.
The new permits expand approved activities to include prospecting, geologic mapping, and geochemical rock sampling, supporting the company's efforts to expand its resource base and explore new targets along strike from the deposit.
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