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About Carlyle Commodities Corp. (CCCFF)
Carlyle Commodities Corp. (CSE: CCC, OTC Pink: CCCFF, FSE: BJ4) is a Canadian mineral exploration company dedicated to the acquisition, exploration, and development of high-potential mineral resource properties. Headquartered in Vancouver, British Columbia, Carlyle's strategic focus lies in advancing projects within the province's prolific mining districts, known for their rich deposits of gold, copper, and other valuable minerals. With a diversified portfolio of exploration assets, Carlyle aims to unlock significant value through systematic exploration and resource development.
Core Business and Strategic Focus
Carlyle operates within the mining and exploration industry, targeting mineral-rich properties in British Columbia. The company's business model revolves around identifying undervalued or underexplored assets, conducting geological assessments, and advancing these projects through exploration programs. Carlyle's revenue potential is tied to resource discoveries, partnerships, and potential sale or joint ventures of its mineral projects. Its strategic approach includes leveraging modern exploration techniques and fostering partnerships to maximize shareholder value.
Key Projects
- Newton Project: A 100% owned gold and silver project located in the Clinton Mining Division of British Columbia. Spanning over 24,000 hectares, the Newton Project boasts a National Instrument 43-101 compliant mineral resource estimate. The project is strategically positioned near key infrastructure, enhancing its development potential.
- Quesnel Gold Project: Situated in the Cariboo Mining Division, this 1,607-hectare property is located within the Quesnel Trough, a region renowned for its copper and gold occurrences. Carlyle recently completed its first field exploration program on this project, which included biogeochemical surveys to identify potential extensions of known mineralization.
- Nicola East Mining Project: Located near Merritt, British Columbia, this project offers significant exploration upside with historical results indicating gold and copper mineralization. Carlyle holds an option to acquire a 100% interest in this property, further diversifying its asset base.
Competitive Position and Differentiators
Carlyle's competitive advantage lies in its diversified portfolio of projects, each situated in geologically favorable regions of British Columbia. The company's strategy of acquiring early-stage projects with high potential for resource expansion sets it apart in the junior mining sector. Additionally, Carlyle's focus on leveraging modern exploration techniques and its commitment to sustainable practices enhance its appeal to both investors and industry partners.
Challenges and Opportunities
Operating in the mining industry presents challenges such as regulatory compliance, market volatility, and exploration risks. However, Carlyle is well-positioned to capitalize on opportunities within British Columbia's resource-rich landscape. The company's recent amalgamation with Miramis Mining Corp. and its acquisition of the Quesnel Gold Project exemplify its proactive approach to growth and diversification.
Commitment to Sustainability
Carlyle is committed to conducting its operations responsibly, adhering to environmental regulations, and engaging with local communities. By prioritizing sustainable practices, the company aims to minimize its environmental footprint while contributing to the economic development of the regions in which it operates.
Conclusion
With a robust portfolio of exploration projects and a strategic focus on value creation, Carlyle Commodities Corp. is poised to become a significant player in the mineral exploration industry. Its commitment to systematic exploration, strategic acquisitions, and sustainability underscores its potential to deliver long-term value to shareholders and stakeholders alike.
Carlyle Commodities Corp. (CSE: CCC) (OTC: CCCFF) has completed the acquisition of Miramis Mining Corp. through a three-cornered amalgamation. The transaction involved issuing 23,843,411 Carlyle shares valued at $715,302.33 to Miramis shareholders, who now hold approximately 26.15% of Carlyle's outstanding shares.
The company also completed a bio-geochemical survey at its Quesnel Gold Project, collecting 53 treebark samples. Additionally, at the newly acquired Nicola East Mining Project, field crews collected 35 samples, including samples from quartz veins containing up to 3% chalcopyrite and 1% chalcocite with copper oxide staining. A previous 2023 sample from the site returned 3.04 g/t Au.
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF) announced shareholder approval for the amalgamation of Miramis Mining Corp with Carlyle's wholly-owned subsidiary. Under the agreement, Miramis shares will be exchanged for Carlyle shares on a one-to-one basis, with Miramis shareholders expected to hold approximately 26.15% of outstanding Carlyle shares post-transaction.
The transaction will diversify Carlyle's portfolio to include three different projects across British Columbia and add cash to its treasury. The company's current Board of Directors and management will remain unchanged. The transaction is expected to complete in December 2024, subject to customary closing conditions.
Carlyle Commodities Corp. has completed the acquisition of a 100% interest in the Quesnel Gold Project in central British Columbia by issuing 2,000,000 common shares at $0.05 per share to Divitiae Resources The property spans 1,607.34 hectares and is located 30 kilometers northeast of Quesnel. The deal includes a 2% net smelter return royalty retained by Divitiae Resources, with Carlyle having the option to purchase 1% of the royalty for $1,000,000. The project benefits from strategic positioning within the Quesnel Trough, proximity to main highways and power lines, enabling year-round operations.
Carlyle Commodities Corp. (CSE: CCC, OTC: CCCFF) has filed a NI 43-101 Technical Report for its Quesnel Gold Project in British Columbia's Cariboo Mining Division. The report, dated October 30, 2024, follows the company's option agreement from September 27, 2024, to acquire the project located 30 kilometers northeast of Quesnel. The Technical Report was prepared by Warren Robb, P.Geo., a Qualified Person under National Instrument 43-101 standards, and is available on SEDAR+.
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.
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.
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.
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.
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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