Welcome to our dedicated page for Canagold Resources news (Ticker: CRCUF), a resource for investors and traders seeking the latest updates and insights on Canagold Resources stock.
Canagold Resources Ltd. (CRCUF) generates frequent news flow around the advancement of its New Polaris gold-antimony project in northwest British Columbia. As an advanced development company, its announcements focus on feasibility milestones, permitting progress, metallurgical results, financing activities, and collaboration with Indigenous Nations. Investors following CRCUF news can track how the company is moving New Polaris through feasibility, environmental assessment, and toward potential production.
Recent news releases highlight several key themes. Canagold has reported positive feasibility study results for New Polaris, including a NI 43-101 technical report that outlines project economics for a high-grade underground gold mine and milling operation. The company has also announced a process order from the British Columbia Environmental Assessment Office, allowing the project to enter the Application Development and Review phase, and has emphasized ongoing engagement with the Taku River Tlingit First Nation and other stakeholders during permitting.
Another important news focus is antimony. Canagold has disclosed that New Polaris contains significant antimony mineralization and has released a dedicated antimony mineral resource estimate within the existing gold resource. Metallurgical test work and locked-cycle flotation results have been reported, demonstrating the potential to produce a high-grade antimony-gold concentrate. These updates provide insight into how antimony could enhance the project’s value as a critical mineral.
Additional CRCUF news items include corporate appointments that expand permitting and compliance capacity, equity financings to fund exploration and working capital, and commentary from management on project strategy and Indigenous collaboration. This news page allows readers to follow technical, regulatory, and corporate developments affecting Canagold and its flagship New Polaris Project over time.
Canarc Resource Corp. (OTCQB: CRCUF) has announced the termination of its option agreement with Silver Range Resources after disappointing results from its reverse circulation drilling program at the Hard Cash property in Nunavut, Canada. The recently completed drilling, which involved seven holes over 1,019 meters, found only narrow, low-grade gold intervals, failing to confirm a significant orogenic gold discovery. The results suggest an alternative ore model rather than a viable gold deposit. Canarc had anticipated better outcomes to justify further exploration.
Canarc Resource Corp. has successfully closed the first tranche of its private placement, securing CAD$3.2 million through the issuance of 40 million units at CAD$0.08 per unit. Each unit comprises one common share and half a share purchase warrant, exercisable at CAD$0.13 for a period of 24 months. The funds will be utilized for exploration of Canarc's gold projects and to enhance its working capital. The securities issued are subject to a hold period ending on February 8, 2021, and the private placement awaits approval from the Toronto Stock Exchange.
Canarc Resource Corp. has announced the approval of the TSX Venture Exchange for Minkap Resources Inc. to acquire its Lightning Tree property in Idaho. The agreement includes the issuance of 2.5 million common shares and warrants, alongside a cash payment of $137,500 over three years and a commitment to spend $2 million on exploration. Canarc will also receive a 2.5% net smelter returns royalty. The deal is expected to close by September 30, 2020. Additionally, Canarc has engaged Commodity-TV and Rohstoff-TV for investor relations support.
Canarc Resource Corp. announces that its optionee, Getchell Gold Corp., has initiated a 2,000 metre drill program at the Fondaway Canyon Gold Project in Nevada. This program includes six holes, five aimed at extending known mineralization and one to assess gold mineralization characteristics. Fondaway, an advanced gold property, contains a large historic resource and covers 898 hectares. Under a 4-year Option Agreement, Getchell can acquire a 100% interest, while Canarc retains a 2% NSR. The project is part of Canarc's broader strategy to enhance shareholder value through gold exploration.
Canarc Resource Corp. has announced a significant upsizing of its private placement financing, increasing it by 65,000,000 units for an additional C$5,200,000, bringing the total to 105,000,000 units and gross proceeds of up to C$8,400,000. This issuance includes common shares and purchase warrants, with the latter allowing the purchase of additional shares at $0.13 over 24 months. The first tranche is set to close around September 10, 2020, while the second tranche is expected on October 22, 2020, pending shareholder approval and TSX regulations.