Welcome to our dedicated page for Metalite Resources news (Ticker: JNCCF), a resource for investors and traders seeking the latest updates and insights on Metalite Resources stock.
Metalite Resources Inc. (JNCCF) is a Canadian junior exploration company actively developing precious metals portfolio while expanding into critical minerals. This news hub provides authorized updates on corporate developments and project milestones essential for tracking the company's evolution.
Investors will find verified information on strategic initiatives including share structure changes, debt-to-equity conversions, and acquisition progress for the Ontario critical metals project. The repository also covers financial updates such as private placement details and auditor changes, providing complete visibility into corporate governance.
Bookmark this page for direct access to Metalite's official communications, enabling informed analysis of their exploration programs and capital management strategies. Check regularly for updates as the company advances its dual focus on precious and critical metal assets.
RooGold Inc. (OTC PINK: JNCCF) announced the granting of stock options on December 29, 2022, subject to regulatory approval. A total of 5,900,000 options will be available to directors and officers at an exercise price of $0.05, under its 10% rolling stock option plan. Among these, 3,337,500 options will vest immediately, while the remaining 2,562,500 options will vest in six months. These options are exercisable for five years, expiring on December 29, 2027. RooGold is focused on mineral exploration in New South Wales, Australia, with a portfolio covering 1,380 km².
RooGold Inc. announced a binding letter of intent to acquire Next Generation Resources Inc., focusing on expanding into the battery metals sector. The acquisition aims to leverage NextGen’s extensive exploration properties in Liberia, which cover lithium, nickel, cobalt, and rare earth elements, alongside other minerals. Post-transaction, RooGold is expected to have approximately 145 million shares outstanding, with a balanced ownership structure. NextGen brings a cash boost of around Cdn$1.3 million to support ongoing exploration activities.
RooGold Inc. has appointed Vishal Gupta as interim President & CEO following Carlos Espinosa's resignation. Gupta, with extensive mining experience, aims to enhance operations and geological progress in Australia. Additionally, Kym Revington has been appointed as Country Manager in Australia, bringing over 20 years of industry expertise. RooGold owns a portfolio of 13 high-grade potential gold and silver concessions in New South Wales, covering 1,380 km2 and 137 historic mines. The company remains focused on its growth strategy despite leadership changes.
RooGold Inc. has finalized its acquisition of a 100% interest in Aussie Precious Metals Corp.'s Trilby and Lorne properties in New South Wales, Australia, following regulatory approval. In exchange for all outstanding shares of APMC, RooGold issued 4 million common shares to APMC's shareholders. This acquisition enhances RooGold's mineral exploration capabilities in a region rich in precious metals, expanding its portfolio to 13 gold and silver concessions covering 1,380 km² with 137 historic mines and prospects.
RooGold Inc. reported high-grade gold assays from its Gold Star project in New South Wales, Australia. Assays from rock chip sampling showed results up to 23.1 g/t Au, confirming significant gold mineralization. The sampling around historic Golden Bar and Golden Star mines indicated that modern exploration has been limited, creating opportunities for further discovery. The project covers an area with a rich history of gold mining, with previous samples indicating potential for additional high-grade gold targets. RooGold aims to continue exploration as surface access permits.
RooGold Inc. has announced promising high-grade gold assays from its Lorne project in New South Wales, Australia, with results up to 22.1 g/t Au. This initial sampling at the Brands Reef and Norton Mine confirms significant mineralization potential. The project spans 12 km along the Peel Manning fault system, known for its historical gold production, with plans to sample 26 historic mines covering a 10 km strike length. The company emphasizes its growth strategy through its portfolio of high-grade mineral properties.
RooGold Inc. has appointed Vishal Gupta to its Board of Directors, succeeding Carlos Espinosa, who remains as President and CEO. Gupta, a Professional Geoscientist, brings extensive mining and capital markets experience, having previously led Caprock Mining and California Gold Mining. RooGold, focused on mineral exploration in New South Wales, Australia, holds a portfolio of 14 gold and silver concessions covering 2,696 km² with significant historic mining activity.
RooGold Inc. has appointed Daniel Cohen to its board of directors, effective July 14, 2022. Cohen, currently the CEO of PharmaDrug Inc., brings nearly 20 years of experience in Canadian capital markets, having worked with firms such as Beacon Securities and RBC Capital Markets. RooGold, focused on mineral exploration in New South Wales, Australia, is enhancing its leadership to support its growth strategy in high-potential precious metals properties. The company commands a portfolio of 14 gold and silver concessions covering an area of 2,696 km².
RooGold Inc. has initiated a preliminary rock chip sampling program at its Arthurs Seat Project (EL 9144) in New South Wales. This project covers approximately 42 km² within the New England Orogen, a region rich in polymetallic deposits. The sampling involved the collection of 274 rock chip samples, revealing widespread low-level silver-antimony mineralization. Preliminary assay results from 159 samples show widespread silver presence, confirming a large hydrothermal mineral system. Further assay results are pending from 115 samples, highlighting the potential for future discoveries and exploration.
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