Welcome to our dedicated page for Supreme Critical Metals news (Ticker: VRCFF), a resource for investors and traders seeking the latest updates and insights on Supreme Critical Metals stock.
Supreme Critical Metals Inc. (OTC Pink: VRCFF; CSE: CRIT; FSE: VR6) generates news primarily around mineral exploration, property transactions, and capital markets activity in the silver, copper, uranium, and gold space. As a diversified exploration and investment corporation, the company issues frequent updates on its North American project portfolio and related corporate developments.
News coverage for Supreme Critical Metals often includes announcements about work programs at the Silver Vista silver-copper property in British Columbia, such as site visits, geophysical and geochemical surveys, drilling plans, and till sampling campaigns conducted with technical consultants. Releases also describe the company’s option agreements and property acquisitions, including the Gold Springs 1 Property in the Stateline Mining District of Lincoln County, Nevada.
Investors following VRCFF can expect regular updates on non-brokered private placements, flow-through financings, and common share offerings, along with details on how proceeds are intended to be used for exploration and corporate purposes. The company also reports on incentive stock option grants and amendments to property option agreements, which can be relevant for understanding capital structure and project commitments.
Additional news items cover management changes, such as the appointment of a new President and Chief Executive Officer, as well as marketing and investor outreach arrangements with third-party media and communications firms. Together, these disclosures provide insight into Supreme Critical Metals’ exploration plans, financing activities, and corporate strategy. Readers interested in VRCFF news can use this page to review a chronological record of project updates, financing announcements, and other material events disclosed by the company.
Victory Resources Corporation has acquired the Smokey Lithium Project in Esmeralda County, Nevada, comprising 350 claims over 7000 acres. The project is strategically located near existing lithium deposits, with clay grades potentially up to 930 ppm. The acquisition includes cash payments of $178,500 and share issuances totaling 1,500,000 common shares. Additionally, Victory has an option to acquire 350 more claims and will be subject to an annual BLM fee of $57,750. The lithium project aligns with the growing demand for lithium in battery production.
Victory Resources Corporation (CSE:VR)(FSE:VR61)(OTC PINK:VRCFF) announced the issuance of 1,645,000 stock options to management, employees, and consultants. Each option allows the purchase of one common share at $0.075 for five years. Additionally, 492,000 options were cancelled in the past quarter. The company seeks exploration opportunities in Canada and operates as a diversified investment corporation with mineral interests in North America.
Victory Resources Corporation has announced the initiation of a 500m short-hole drill program on its Loner Property in Nevada, expected to start around March 15 and conclude by mid-April, weather permitting. This drilling aims to confirm historical gold-bearing quartz veins and assess broader mineralization. The Loner Property comprises 16 federal lode claims, situated 35 km south of Winnemucca. Additionally, the company has cancelled 492,000 options to align interests of option holders with shareholders.
Victory Resources Corporation has successfully completed a non-brokered private placement, raising $622,800 through the sale of 8,304,001 units. The company issued broker warrants and paid $28,464 in finders' fees. Each unit comprises one common share and a warrant priced at $0.08 until March 8, 2023, with an acceleration option. Proceeds will support general working capital, acquisitions, and exploration activities in Nevada and British Columbia. Securities from this financing are subject to a hold period until July 9, 2021.
Victory Resources Corp. (OTC Pink: VRCFF) has secured additional funding to initiate its first drilling program at the Loner Property in Nevada. Following the acquisition in December, the company offers a 500-meter short hole drilling program, pending weather conditions and permits from the Nevada Bureau of Land Management. The program aims to confirm historical gold-bearing quartz veins and assess anomalous soil zones identified by previous analyses. The project is strategically located near the Goldbanks Project and is considered highly prospective for gold and copper mineralization.
Victory Resources Corporation (CSE:VR) has received approval for a 500m short-hole drill program at the Loner Property in Nevada from the Bureau of Land Management. This initial drilling aims to confirm intersections of gold-bearing quartz veins associated with historical mining. The program is set to begin in March 2021, contingent on weather. Additionally, 492,000 stock options were cancelled to align interests of holders with shareholders. The Loner Property, located near significant projects, shows promising mineralization potential.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) announced plans to conduct an IP survey followed by a drilling program at its Mal-Wen property in British Columbia, aimed at exploring an alkalic porphyry deposit. The permit application covers a significant area believed to include a major fault linking the Mal and Wen prospects. The company intends to complete the IP survey in late spring and follow up with drilling during the summer. Mr. Helgi Sigurgeirson, the company geologist, highlighted the area's potential for valuable mineral deposits, referencing nearby projects like Kodiak Copper's.
Victory Resources Corporation announced progress on their operational plan in Nevada, focusing on the Loner Property. The company has secured year-round access and is advancing a 500m short hole drill program, pending final permitting. The permitting process has reached the last stages with the bond posted to the Bureau of Land Management (BLM). Exploration continues in the region, with plans to stake additional claims. The Loner Property is strategic, located near the Goldbanks and Coronado VMS Projects.
Victory Resources Corporation has received an Acknowledgement of Receipt from the Bureau of Land Management for its drilling permit application for the Loner Property. This advancement comes after the company submitted the required payment guarantee for the bond. Once the permit is finalized, Victory plans to conduct a drill program consisting of 7 to 10 diamond drill holes totaling 500m. The objective is to characterize mineralization in the exposed workings and assess an area of anomalous soils for gold.
Victory Resources Corporation has announced the acquisition of the Lac Simard Property in Quebec from Archie Capital Inc.. The property is strategically located 5 km south of Val-d'Or, adjacent to Agnico Eagle's Goldex claim block, within a region that hosts three operational gold mines. The acquisition involves 5 million shares priced at 0.115 CAD and $25,000, with shares subject to a four-month hold. Experts expect this property to enhance Victory's mineral portfolio in a prolific mining region.