Welcome to our dedicated page for Wolfden Res news (Ticker: WLFFF), a resource for investors and traders seeking the latest updates and insights on Wolfden Res stock.
Wolfden Resources Corporation (WLFFF) is a mineral exploration leader developing North America's next-generation mining projects. This news hub provides investors with essential updates on the company's flagship Pickett Mountain polymetallic deposit and nickel sulphide assets in Manitoba.
Track critical developments including rezoning progress with Maine regulators, resource conversion drilling results, and strategic partnerships in the battery metals sector. Our curated news collection covers operational milestones, environmental stewardship initiatives, and corporate updates directly from Wolfden's executive team.
Key focus areas include the Pickett Project's underground mine design, community engagement programs, and feasibility study advancements. Stay informed about base metal market positioning through verified press releases and objective reporting on exploration targets and permitting timelines.
Bookmark this page for real-time access to Wolfden's official communications regarding mineral resource estimates, regulatory compliance updates, and sustainable development practices shaping modern mining operations.
Wolfden Resources Corporation has announced a strategic agreement with Advance Lithium Corp for the acquisition of its Tetagouche Project located in New Brunswick's Bathurst Mining Camp. As part of this agreement, Advance Lithium will issue 19.9% of its shares to Wolfden and invest $3 million in the project, alongside additional cash or share payments totaling $750,000. Wolfden retains a 2% Net Smelter Return and has rights of refusal on claims sold or transferred. This transaction allows Wolfden to concentrate on its Pickett Mt Project in Maine while providing a financial stake in Advance Lithium's exploration endeavors.
Wolfden Resources Corporation has announced a significant milestone as the Maine Land Use Planning Commission has deemed its rezoning application complete for the Pickett Mountain Project. This project involves 374 acres being re-zoned to allow for a 1200 tonne per day underground mine, expected to sustain a workforce of 272 employees. Mined ore is rich in zinc, copper, lead, silver, and gold. The mine aims for environmental protection and regulatory compliance, with community support noted from surrounding towns. The application will undergo further review, including a public hearing under the Commission's Chapter 10 and Chapter 12 rules.
Wolfden Resources Corporation has submitted a re-zoning application to the Maine Land Use Planning Commission for a 374-acre portion of its Pickett Mountain Project. This proposal seeks to change the land designation from General Management to Planned Development, facilitating the construction and operation of a small-scale underground mine. The mine, projected to operate for 10-15 years at a capacity of 1,200 tonnes per day, is expected to create around 272 jobs. The project aims to align with environmental protections and has garnered community support, reflecting its potential for economic growth in a timber-based economy.
Wolfden Resources Corporation has completed a non-brokered private placement financing, raising $2.3 million through the issuance of 10,952,310 common shares at C$0.21 each. The proceeds will primarily fund the exploration and development of the Pickett Mountain high-grade polymetallic deposit in Maine. Certain insiders participated in this financing, which is classified as a related party transaction. The company intends to use exemptions from formal valuation and minority approval requirements under applicable regulations.
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