Welcome to our dedicated page for Rjk Expls news (Ticker: RJKAF), a resource for investors and traders seeking the latest updates and insights on Rjk Expls stock.
RJK Explorations Ltd. (RJKAF) generates news primarily through its mineral exploration programs, financing activities, and agreements related to its projects in Northern Ontario. The company’s releases provide detailed updates on kimberlite and metallic mineral targets, drilling results, and the technical work used to evaluate exploration prospects.
Readers following RJK Explorations’ news can expect coverage of diamond drilling campaigns, such as programs on the Huff Property in Bucke Township where the company has tested magnetic anomalies for potential kimberlite or metallic mineralization. News items often include descriptions of drill hole locations, rock types encountered, and assay results for elements such as iron and manganese, along with commentary from qualified geological personnel.
Another recurring theme in RJK’s news is corporate and project-related agreements. The company reports on option agreements for patented claims, royalty structures, and exploration agreements with local First Nations, including an exploration agreement with Timiskaming First Nation. These releases outline how RJK secures access to land and collaborates with rights holders in the Temiskaming region.
RJK Explorations also issues frequent updates on capital markets activities, including non-brokered private placements, unit offerings, and amendments to outstanding common share purchase warrants. These announcements describe proposed or approved changes to warrant terms, such as extensions of expiry dates or adjustments to exercise prices, and explain how regulatory frameworks like TSX Venture Exchange policies and MI 61-101 apply.
For investors and observers, the RJKAF news feed on Stock Titan offers a centralized view of the company’s exploration progress, land and community agreements, and financing steps that support ongoing work. Regular visits to this page can help track how RJK’s exploration strategy evolves over time and how specific targets and agreements advance through drilling, negotiation, and regulatory review.
RJK Explorations (TSXV: RJKAF) announced a non-brokered private placement to raise up to $130,000 by selling Units at $0.025 each. Each Unit includes one common share and one warrant; each Warrant is exercisable for one share at $0.05 for five years. The company plans to allocate 80% of proceeds to working capital and general corporate purposes and 20% to its exploration program.
The Offering may close in one or more tranches, is subject to TSXV approval, carries a four-month-plus-one-day hold period, and may include participation by insiders relying on MI 61-101 exemptions. Securities will not be registered in the U.S.
RJK Explorations has received approval from the TSX Venture Exchange for amendments to 8,057,363 outstanding common share purchase warrants. The key changes include extending the expiry date to May 20, 2027 for all warrants, which were originally issued through a non-brokered private placement in May-June 2022. Additionally, 2,947,099 warrants will have their exercise price reduced from $0.25 to $0.12. Of the 5,916,000 Insider Warrants held by a company insider, only 805,736 are eligible for the exercise price amendment, while the rest maintain their original exercise price.
RJK Explorations has completed two exploration diamond drill holes on the Huff patents in Bucke Township, which was optioned in October 2024. While the initial targets were identified as potential kimberlites, neither hole confirmed kimberlite presence. The company is currently negotiating to acquire three privately held patented claim groups with potential kimberlite targets.
The company is expanding its exploration focus to include precious metals and polymetallic metals. Drill hole HUFF-24-01 reached 150m depth, intersecting mudstone and greywacke beds, with no significant gold or silver results. HUFF-24-02, drilled to 155m, revealed banded iron formation layers averaging 28.5% Fe and 738 ppm manganese, indicating the presence of critical metals on the property.
RJK Explorations (TSXV: RJX.A) has received approval from the TSX Venture Exchange for amendments to 900,000 outstanding common share purchase warrants. The warrants, originally issued during a non-brokered private placement closing December 31, 2021, will now expire on December 31, 2026. Of the total warrants, 590,000 will have a new exercise price of $0.10. Due to Exchange policies, only 90,000 of the 400,000 warrants held by an insider could have their exercise price amended.
RJK Explorations (TSXV: RJX.A) has announced plans to amend 900,000 outstanding common share purchase warrants originally issued in December 2021. The key changes include extending the expiration date from December 31, 2024, to December 31, 2026, and reducing the exercise price from $0.25 to $0.10 for 590,000 warrants. Of the total warrants, 400,000 are held by an insider, with only 90,000 eligible for exercise price amendment per Exchange policy. The amendments require warrant holders' consent and Exchange approval.
The company also disclosed that insiders participated in a previously announced private placement for $130,000. Both the warrant amendments and insider participation qualify as related party transactions but are exempt from certain requirements under MI 61-101.
RJK Explorations (TSXV: RJX.A) has announced a non-brokered private placement to raise up to $350,000. The offering consists of units priced at $0.035 each, comprising one common share and one warrant. Each warrant allows the holder to acquire an additional common share at $0.07 within five years. Insiders are expected to contribute $130,000 to the offering.
The company plans to allocate 70% of the proceeds for diamond drilling of potential kimberlite, base, and precious metal targets, with the remaining 30% for general working capital. The offering is subject to TSX Venture Exchange approval and may close in multiple tranches. Securities issued will have a four-month and one-day hold period.
RJK Explorations (TSXV: RJX.A) has signed an option agreement to explore patented claims in Bucke Township, Northern Ontario. The company plans to drill-test a potential kimberlite target identified through geochemical data and magnetic surveys. RJK will make an initial $20,000 cash payment for up to four diamond drill holes.
If further exploration is pursued, RJK can earn a 100% interest in the mineral rights through a series of cash and share payments over three years. The agreement includes royalties and an option to purchase surface rights. RJK has also welcomed Alan Kon to its Board of Advisors and plans to issue 300,000 shares to Great Lakes Nickel for equipment use. Additionally, the company will grant 4,000,000 stock options at $0.05 to various stakeholders.
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