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CARLYLE COMMODITIES CORP - CCCFF STOCK NEWS

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CARLYLE COMMODITIES CORP (symbol: CCCFF) is a mineral exploration company focused on its 100% owned Newton Gold Project in British Columbia. The company recently completed a successful diamond drill program at the Newton Project, aiming to increase gold and silver ounces. The drill program tested high priority targets, including the Halo Area and Sunrise Area, confirming new higher-grade zones near the current inferred resource. Carlyle is pleased with the positive results from recent metallurgical testing, achieving approximately 80% gold extraction. The Company continues to advance its project, with plans to optimize potential recoveries and further define mineralized areas.

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Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) has issued 2,000,000 common shares at a deemed price of $0.05 per share to Divitiae Resources This issuance is part of Carlyle's recently announced option to purchase a 100% interest in the Quesnel Gold Project in central British Columbia. The project, covering 1,607.34 hectares, is located in the Cariboo Mining Division, 30 kilometers northeast of Quesnel.

The option agreement includes a 2% net smelter return royalty retained by the Optionor, with Carlyle having the right to purchase 1% of the royalty for $1,000,000. The Quesnel Gold Project is situated within the Quesnel Trough, part of the Intermountain Tectonic Belt, and is on trend with the historic 'G-South' gold resource. The issued securities are subject to a four-month and one-day hold period.

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Carlyle Commodities Corp. (CSE: CCC, OTC: CCCFF) has entered into an amalgamation agreement with Miramis Mining Corp. The transaction will result in Miramis shareholders holding approximately 28.8% of Carlyle's outstanding shares. Carlyle has also announced an option agreement for the Quesnel Gold Project and a proposed sale of its Newton Project to Axcap Ventures Inc.

The amalgamation is expected to create a well-capitalized mineral exploration company with reduced operating costs and increased shareholder liquidity. Miramis shareholders will gain access to a larger, more diversified company with stronger market access.

The Quesnel Gold Project option requires Carlyle to make payments and issue shares to acquire a 100% interest. The proposed Newton Project sale includes cash payments, share issuances, and milestone-based considerations from Axcap to Carlyle.

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Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) has announced the issuance of 795,000 common shares at a deemed price of $0.05 per share to settle a debt of $39,750. This share issuance is part of a Debt Settlement to pay for unpaid services owed by the company to a director and a consultant.

The transaction with the director is considered a 'related party transaction' under Multilateral Instrument 61-101. However, it is exempt from valuation and minority shareholder approval requirements due to the company's shares not being listed on a specified market and the value of shares issued not exceeding 25% of the company's market capitalization.

All securities issued in the Debt Settlement will be subject to a statutory hold period of four months and one day after issuance, as per National Instrument 45-102.

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Carlyle Commodities Corp (CSE: CCC, FSE: BJ4, OTC: CCCFF) has issued 3,806,920 common shares at $0.05 per share to settle $190,346 in debt owed to directors and consultants for unpaid services. Additionally, the company agreed to issue 795,000 common shares at $0.05 per share to settle $39,750 in debt with a director and a consultant.

The debt settlement with insiders constitutes a related party transaction under MI 61-101 but is exempt from valuation and minority shareholder approval requirements. All issued securities will be subject to a four-month and one-day statutory hold period.

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Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) has announced a debt settlement through the issuance of shares. The company will issue 3,806,920 common shares at a deemed price of $0.05 per share to settle a total debt of $190,346. This debt is owed to certain directors and consultants for unpaid services. The transaction includes a related party component involving company insiders, which is exempt from valuation and minority shareholder approval requirements under MI 61-101. All shares issued will be subject to a four-month and one-day statutory hold period.

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Carlyle Commodities Corp. approves issuance of 1,000,000 stock options to consultants at $0.055 per share.
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Carlyle Commodities Corp. reports positive results from metallurgical test work on Newton Gold & Silver Project, achieving 80% gold extraction. The tests included gravity concentration, Whole-ore-leach, and flotation, with promising results in gold and silver recovery. CEO, Mr. Morgan Good, expressed satisfaction with the outcomes.
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Carlyle Commodities Corp. announces the discovery of a new higher-grade, near-surface zone north of the current inferred resource at the Newton Gold & Silver Project. The drill program revealed a new Halo area with gold and silver mineralization and a Sunrise area with confirmed mineralization. All holes drilled encountered gold and silver mineralization, showing promising results for potential resource expansion.
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Carlyle Commodities Corp. has approved the issuance of 1,800,000 stock options to officers, directors, and consultants, allowing the purchase of up to 1,800,000 common shares. Each option is exercisable for five years at an exercise price of $0.09 per share.
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Carlyle Commodities Corp. (CCC) has successfully completed a new diamond drill program at the Newton Project, aiming to increase the tonnage and ounces of gold and silver in the current National Instrument 43-101 Newton Project Resource Calculation. The drill program completed 840.3 meters of drilling across 7 holes, testing multiple high priority targets. All holes have been sampled and sent for analysis. The company expects to receive initial results in the coming weeks.
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FAQ

What is the current stock price of CARLYLE COMMODITIES (CCCFF)?

The current stock price of CARLYLE COMMODITIES (CCCFF) is $0.0109 as of October 14, 2024.

What is the market cap of CARLYLE COMMODITIES (CCCFF)?

The market cap of CARLYLE COMMODITIES (CCCFF) is approximately 1.2M.

What is CARLYLE COMMODITIES CORP focused on?

The company is focused on mineral exploration, particularly on its 100% owned Newton Gold Project in British Columbia.

What recent achievements has the company made?

CARLYLE COMMODITIES CORP recently completed a successful diamond drill program at the Newton Project, testing high priority targets and confirming new higher-grade zones near the current inferred resource.

What were the results of the recent metallurgical testing?

The company achieved approximately 80% gold extraction from the recent metallurgical testing, showing positive results for potential recoveries.

What are the future plans of the company?

CARLYLE COMMODITIES CORP plans to optimize potential recoveries, test additional material from different host rocks, and continue advancing the Newton Gold Project.

CARLYLE COMMODITIES CORP

OTC:CCCFF

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CCCFF Stock Data

1.18M
49.41M
6.08%
5.21%
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