Welcome to our dedicated page for ZEUS NORTH AMERICA MINING news (Ticker: ZUUZF), a resource for investors and traders seeking the latest updates and insights on ZEUS NORTH AMERICA MINING stock.
Zeus North America Mining Corp. (CSE: ZEUS, OTCQB: ZUUZF, Frankfurt: O92) generates news primarily through its mineral exploration activities in Idaho and Nevada. The company’s releases focus on copper, silver, molybdenum, gold and related base metal targets at its Cuddy Mountain, Selway and Great Western properties in Idaho, as well as its planned interests in the Delker and Bulls Eye copper–gold properties in northeast Nevada.
On this page, readers can follow Zeus’s announcements about soil and rock sampling results, geophysical survey interpretations and the definition of high-priority drill targets. Recent news has highlighted a broad copper–molybdenum soil anomaly at Cuddy Mountain, anomalous copper, silver and molybdenum values from rock grab samples, and ground magnetics and 3D induced polarization surveys that the company uses to refine its exploration targets.
Zeus also issues updates on its other Idaho projects, including sampling results at the Selway Property, where the company is targeting intrusive-related gold–silver (+/− base metal) vein mineralization, and at the Great Western Property, where it reports carbonate replacement deposit-style mineralization with high-grade silver and copper samples. In Nevada, news covers the binding letter of intent to acquire a 90% interest in the Delker and Bulls Eye copper–gold properties, along with historical sampling and drilling results compiled by previous operators.
Investors and observers can use the Zeus North America Mining Corp. news feed to monitor exploration progress, private placement financings intended to fund field programs, and corporate commentary on regulatory and market developments that the company views as relevant to its North American copper and precious/base metal projects.
Zeus North America Mining Corp (CSE:ZEUS)(OTCQB:ZUUZF) has received approval from the Supreme Court of British Columbia for its plan to spin off the Chlore Property to its wholly-owned subsidiary Kelso Mining. The arrangement, dated August 26, 2024, establishes January 29, 2025, as the share distribution record date.
Under the terms, Zeus shareholders will receive one Kelso share for every 150 Zeus shares owned on the record date. The company plans to complete the arrangement and distribute Kelso shares by February 5, 2025. Zeus option and warrant holders who exercise before the record date will be eligible for the same distribution ratio.
Following the spinoff, shareholders will own shares in two public companies: Zeus, focusing on Idaho properties (Cuddy Mountain, Selway, and Great Western), and Kelso, concentrating on the Chlore Property in North-Central British Columbia.
Zeus North America Mining Corp. (ZUUZF) announced that shareholders have approved the plan of arrangement with its subsidiary Kelso Mining Inc. at the special meeting held on December 19, 2024. The arrangement involves spinning out the Chlore Property in British Columbia to Kelso. 32.25% of common shares (19,093,499) were voted, all in favor.
Under the arrangement, shareholders will receive one Kelso share for every 150 Zeus shares owned on the share distribution record date. Upon completion, shareholders will own shares in both Zeus, focusing on Idaho properties (Cuddy Mountain, Selway, and Great Western), and Kelso, focusing on the Chlore Property. The arrangement requires British Columbia Supreme Court approval, with a hearing scheduled for January 7, 2025.
Zeus North America Mining Corp (CSE:ZEUS, OTCQB:ZUUZF) announces potential delays in the delivery of Special Meeting materials due to the ongoing Canada Post strike. The meeting, scheduled for December 19, 2024, at 11:00 a.m. (Pacific Time) in Vancouver, will address the plan of arrangement announced on August 26, 2024.
Shareholders can access materials through www.sedarplus.com or request them directly from the company. Registered shareholders should contact National Securities Administrators for proxy forms or voting credentials. Proxies must be received by December 17, 2024, at 11 a.m. Pacific Time.
Zeus North America Mining Corp has completed its 2024 exploration program at the Cuddy Mountain Project, expanding its presence by staking 19 additional BLM Lode Claims. The program included comprehensive surveys: a property-wide 3D-DCIP Induced Polarization and Resistivity Survey, Ground Magnetic Survey covering 105 line km, and extensive sampling (799 soil samples and 339 rock grab samples).
Mapping revealed significant geological features including Hercules Rhyolites, 'red conglomerate' marker horizons, and altered Seven Devils Volcanics with copper mineralization. The mapped stratigraphy matches that of Hercules drill sections where Porphyry mineralization was previously intersected. Results from the summer programs are pending.
Zeus North America Mining Corp. (CSE:ZEUS, OTCQB:ZUUZF, FRANKFURT:O92) has announced its participation in the 2024 Kinvestor Day Virtual Conference. The company's President and CEO, Dean Besserer, is scheduled to present on Thursday, October 24th at 8:30 am PDT / 11:30 am EDT.
The Kinvestor Day 2024 (KD24) is a premier virtual conference showcasing innovative small and mid-cap public companies in mining and other sectors. It will feature a roundtable panel on gold and precious metals, facilitated by Arlen Hansen and including industry experts Brian Lundin, Greg McCoach, and Brian Leni.
The virtual conference offers presenting companies the opportunity to showcase their latest developments and engage in live Q&A sessions with attendees. Interested parties can register for free to attend the event and hear from Dean Besserer and other key executives in the mining industry.
Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF) has closed its non-brokered private placement, raising gross proceeds of $1,416,100 through the issuance of 5,664,400 units at $0.25 per unit. Each unit includes one common share and one full share purchase warrant, exercisable at $0.35 until September 6, 2026. The company paid $74,970 in cash finder's fees and issued 299,880 non-transferable broker warrants. Proceeds will fund exploration programs on Idaho copper projects, including the flagship Cuddy Mountain project, and general working capital. Insider participation is considered a related party transaction under MI 61-101, with the company relying on exemptions from valuation and minority shareholder approval requirements.
Zeus North America Mining Corp. has announced an upsize to its previously announced private placement. The company now intends to issue up to 5,664,400 units at a price of $0.25 per unit, aiming to raise gross proceeds of up to $1,416,100. Each unit comprises one common share and one full share purchase warrant, with each warrant allowing the holder to acquire an additional common share at $0.35 for two years after closing.
The proceeds will be used for exploration programs on the company's Idaho copper projects, including its flagship Cuddy Mountain project, and for general working capital. The placement is subject to regulatory and exchange approval, and finder's fees may be payable.
Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF)(FRA:O92) has announced a Plan of Arrangement to spin out its Chlore Property in British Columbia to its subsidiary, Kelso Mining Inc. Under the arrangement, Zeus shareholders will receive one Kelso share for every 150 Zeus shares owned on the yet-to-be-determined Share Distribution Record Date. This will result in shareholders owning shares in two public companies: Zeus, focusing on properties in Idaho, and Kelso, concentrating on the Chlore Property.
The completion of this arrangement is subject to shareholder approval, Supreme Court of British Columbia approval, and acceptance by the Canadian Securities Exchange. More details will be provided in an upcoming information circular mailed to shareholders before a special meeting.
Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF) has announced a fully subscribed non-brokered private placement to raise $1,000,000 through the sale of up to 4,000,000 units at $0.25 per unit. Each unit includes one common share and one full share purchase warrant, allowing the holder to acquire an additional common share at $0.35 for two years after closing.
The proceeds will fund exploration programs on the company's Idaho copper projects, including its flagship Cuddy Mountain project, and general working capital. The placement is subject to regulatory and exchange approval. Finder's fees may be payable on all or part of the placement.
Zeus North America Mining Corp. (formerly Umdoni Exploration) has announced its 2024 exploration plans for its flagship Cuddy Mountain Property. The property is adjacent to Hercules Silver Corp.'s Hercules Project, where a significant copper porphyry discovery was recently made. Zeus plans to conduct a comprehensive exploration program, including soil sampling, mapping, and high-resolution ground magnetics, aimed at identifying high-priority drill targets. Furthermore, Zeus has engaged Resource Stock Digest and Innovation News Network for marketing campaigns. The company emphasizes the strategic potential of its property given its similarities to the Hercules Project and its location along a major structural corridor.