Welcome to our dedicated page for Canterra news (Ticker: CTMCF), a resource for investors and traders seeking the latest updates and insights on Canterra stock.
Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) is a diversified minerals exploration company based in Vancouver, British Columbia. The company focuses on critical and precious metals projects in the Central Newfoundland Mining District. Canterra's projects include several mineral deposits like the Buchans mine, the Valentine Gold Mine, and the Buffalo Hills diamond project in Alberta. With a strong emphasis on exploration, the company has conducted multiple drilling campaigns, uncovering many gold and base metal occurrences that warrant further investigation. Led by Chris Pennimpede, the President, and CEO, Canterra is committed to driving meaningful discoveries and advancements in the mining industry.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has announced several equity incentive grants and a new marketing partnership. The company has granted 5,830,125 stock options to directors, officers, employees, and consultants, exercisable at $0.08 per share for five years with time-based vesting. Additionally, 1,125,000 deferred share units were granted to directors, and 984,375 restricted share units (RSUs) were allocated to officers, with RSUs vesting equally over three years.
The company has also engaged Spark Newswire for marketing consulting and investor relations services, commencing February 14, 2025. Spark Newswire received a $60,000 initial payment and 3,890,125 of the granted stock options. The agreement has an initial three-month term with automatic renewal options unless cancelled.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has initiated a ground-based deep-seeking 3D array IP survey at its Buchans Critical Minerals Project in Central Newfoundland. The survey follows successful 2024 geophysical rock property measurements that showed strong correlation between mineralization and chargeability.
The program aims to map large stockwork mineralization zones similar to the Lundberg deposit and locate new buried high-grade Buchans style massive sulphide deposits. The company has contracted Abitibi Geophysics to conduct state-of-the-art DASAVISION©3DIP surveys, targeting areas including the Clementine and Sandfill deposits, Pumphouse prospect, and the Nu target.
Canterra plans to identify targets up to 800m depth and conduct 10,000 meters of diamond drilling in 2025, starting in Q2. The Buchans Project, covering 87.5 square kilometers, includes the historic Buchans Mine, which produced 16.2 Mt of high-grade ore averaging 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au & 126 g/t Ag from five orebodies.
Canterra Minerals has announced its 2025 exploration plans for the Buchans Critical Minerals Project in Newfoundland. The company has identified five priority drill targets and plans to initiate deep-seeking geophysical surveys in Q1, followed by substantial drilling in Q2.
The exploration will focus on the Clementine (7km trend with historical resource of 0.36 Mt), Sandfill (historical resource of 68,000 tonnes), Pumphouse (near past-producing Oriental orebody), and Nu target areas. The company will also continue work on the Lundberg deposit, which contains Indicated Mineral Resources of 156M pounds Cu, 566M pounds Zn, 237M pounds Pb, and significant precious metals.
The 2024 drilling program yielded notable results, including intersections of 60.25m of 2.58% CuEq and 105.00m of 1.53% CuEq. The 2025 program represents the largest exploration effort at the project in the past decade.
Canterra Minerals (CTMCF) has reported significant achievements in 2024 across its VMS projects in the Central Newfoundland Mining District. Key highlights include completing an 1,800m maiden drill program at Lemarchant with notable results of 28m averaging 1.19 g/t Au and 5.42% Zn, and executing an 8-hole, 1,600m maiden drill program at Buchans yielding impressive results including 60m of 2.25% CuEq and 105m of 1.53% CuEq.
The company successfully raised capital through two private placements totaling $6.1M and monetized non-core assets by selling the Buffalo Hills diamond project for $1.05M and optioning the Ring of Fire project to Teck Resources. In total, Canterra drilled 15 holes across 3,400m in 2024 at an average drilling cost below $140/m.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) announces a non-brokered private placement targeting up to C$3.5 million in gross proceeds. The offering consists of Units priced at C$0.10 and Flow-Through Shares at C$0.12. Each Unit includes one common share and a half warrant, with each full warrant exercisable at C$0.15 for 36 months.
The proceeds will fund exploration of the company's central Newfoundland projects and general corporate purposes. Flow-Through Share proceeds will be used for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures, to be incurred by December 31, 2025. The placement is expected to close around December 18, 2024, subject to TSXV approval. The company has terminated its previously announced C$3 million brokered offering.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has successfully listed on the Frankfurt Stock Exchange under ticker DXZB. The listing follows recent exploration successes from their maiden drill program, which yielded significant copper results including:
- 1.53% copper equivalent over 105m from 68m below surface
- 2.00% CuEq over 78m from surface
- 2.58% CuEq over 60.25m from surface, including 26m of 3.71% CuEq
The company, focused on critical minerals in Newfoundland, is now listed on TSXV, OTC Markets, and FSE, positioning itself to attract international investors and increase liquidity in the critical minerals sector.
Canterra Minerals has announced a brokered private placement targeting gross proceeds of up to C$3.0 million. The offering includes Units at C$0.10 each (minimum sale of 5,000,000 Units) and Flow-Through Shares at C$0.12 each. Each Unit consists of one common share and half a warrant, with each whole warrant exercisable at C$0.15 for 36 months.
Red Cloud Securities will act as sole agent and bookrunner, with an option to sell additional C$500,000 in securities. Proceeds will fund exploration in central Newfoundland and working capital. The Flow-Through Share proceeds will qualify as flow-through critical mineral mining expenditures, to be incurred by December 31, 2025. The offering is expected to close around December 19, 2024, subject to TSXV approval.
Canterra Minerals has announced significant drilling results from its Buchans Project in Newfoundland. Key highlights include intersections of 1.53% copper equivalent over 105 metres including 14 metres of 5.39% copper equivalent, and 2.00% copper equivalent over 78 metres from surface. These results expand known mineralization at the Lundberg deposit, which currently contains Indicated Resources of 156 million pounds Cu, 566 million pounds Zn, 237 million pounds Pb, and significant precious metals. The deposit represents one of Newfoundland's largest undeveloped critical minerals inventories.
Canterra Minerals reports successful correlation between its 2024 drilling results and VRIFY AI's predictive model at the Buchans Project. Recent drilling yielded 60 metres of 2.25% Copper Equivalent, aligning with AI-generated targets. The VRIFY AI technology has identified several prospective areas, including the promising Nu target in the southern central portion of the property.
The AI model integrates multiple datasets, including airborne geophysical data, geological mapping, drill core data, and over 1,800 magnetic susceptibility readings. The technology has effectively analyzed over 400,000 metres of historical drilling data to refine mineral predictions and identify new exploration targets.
Canterra Minerals reports initial results from its maiden drilling program at the Buchans Project in Newfoundland. Significant drill highlights include 2.25% CuEq over 60.25m from surface, including 3.17% CuEq over 26m in hole H-24-3531. The program achieved low all-in drill costs of approximately $200/m across a 1,600m program. The Buchans Project hosts the Lundberg Copper-Zinc-Lead deposit, the largest critical minerals deposit in the Central Newfoundland Mining District. Results from the first six holes aim to expand the Lundberg deposit and test the Two Level target area.
FAQ
What is the current stock price of Canterra (CTMCF)?
What is the market cap of Canterra (CTMCF)?
What is Canterra Minerals Corporation focused on?
Where are Canterra's projects located?
Who leads Canterra Minerals Corporation?
What has Canterra achieved in its exploration efforts?
What is Canterra's approach to exploration?
