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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.
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Canterra Minerals announces high-grade copper prospecting results from its Victoria Project in Newfoundland, with samples showing 18.65% and 6.8% copper content. The project is part of a larger exploration program in the Central Newfoundland Mining District.
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Canterra Minerals announces positive drilling results at Lemarchant Project in Newfoundland, with significant mineralization including gold, silver, copper, zinc, and lead. The company plans to continue drilling to test priority targets and expand resources.
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Canterra Minerals forms a Technical Advisory committee to leverage critical minerals projects in central Newfoundland, consolidating all known VMS deposits in the region. The company aims to address anticipated shortages in zinc, copper, and silver by exploring these projects as one district opportunity. The formation of a world-class Advisory Board with experts in VMS deposits and mineral exploration enhances Canterra's technical capabilities. Additionally, the engagement of Machai Capital Inc. for investor relations services signals the company's focus on marketing and brand optimization.
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Canterra Minerals Corporation (CTMCF) announces the commencement of drilling at Lemarchant Project in Newfoundland. The maiden drill program aims to test new targets defined by an IP survey and underexplored areas near the existing deposit. Canterra is the largest critical minerals explorer in Newfoundland's Buchans mining district, focusing on making new discoveries in the world-renowned VMS district.
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Canterra Minerals Corporation provides a corporate update on critical minerals projects in central Newfoundland, including the acquisition of Buchans Resources Limited, drilling plans for the Lemarchant Project, and option grants. The company aims to expand exploration efforts and target new discoveries in 2024.
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Buchans Resources Limited (Buchans) realizes $11.5 million in consideration from the sale of its portfolio of critical and precious metals projects in central Newfoundland to Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF). Buchans intends to distribute at least 80% of the Canterra Shares underlying the Consideration Warrants to shareholders during the first half of 2024.
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Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) has completed the acquisition of five critical and precious metals projects in central Newfoundland, adding 316 km2 to its property position. The company also closed an oversubscribed non-brokered private placement financing for gross proceeds of $1,538,598.95, expanding its total property position to approximately 684 km2. The acquisition creates a district scale portfolio consisting of 7 resource stage critical minerals projects, with consolidated indicated mineral resource of 1.4 billion pounds contained zinc and inferred mineral resource of 317 million pounds contained zinc. Canterra aims to uncover mineral deposits in central Newfoundland, with significant exploration potential for high grade VMS mineralization.
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Buchans Resources Limited (Buchans) (TSXV: BUV) has entered into an asset purchase agreement with Canterra Minerals Corporation (TSXV: CTM) to sell its portfolio of critical and precious metals projects in central Newfoundland in exchange for common shares and special warrants of Canterra, valued at approximately $7.5 million. Buchans intends to distribute at least 80% of the common shares of Canterra underlying the Consideration Warrants to Buchans Shareholders. This transaction provides Buchans Shareholders with meaningful equity position in Canterra, exposure to various mineral assets, and the opportunity to retain their shareholding in Buchans with funding available to advance exploration of its assets in Labrador.
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Canterra Minerals Corporation (CTM:TSXV, CTMCF:OTCQB) has entered into an asset purchase agreement with Buchans Resources Limited to acquire mineral rights to several critical and precious metals projects in central Newfoundland. The acquisition will add 316 km2 to Canterra's property position, including the past producing Buchans Mine, with a mineral resource estimate and substantial exploration potential for new high-grade discoveries.
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Canterra Minerals Corporation reinstates Chris Pennimpede as President & CEO after a leave of absence due to a motor vehicle accident. Positive sentiment towards his leadership. Updated technical report filed. Independent consultant Dave Evans prepared the report.
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FAQ
What is the current stock price of CANTERRA MINERALS (CTMCF)?
The current stock price of CANTERRA MINERALS (CTMCF) is $0.0676 as of January 10, 2025.
What is the market cap of CANTERRA MINERALS (CTMCF)?
The market cap of CANTERRA MINERALS (CTMCF) is approximately 23.3M.
What is Canterra Minerals Corporation focused on?
Canterra is focused on critical and precious metals projects in the Central Newfoundland Mining District.
Where are Canterra's projects located?
Canterra's projects are primarily located in the Central Newfoundland Mining District, including the Buchans mine, the Valentine Gold Mine, and the Buffalo Hills diamond project in Alberta.
Who leads Canterra Minerals Corporation?
Chris Pennimpede serves as the President and CEO of Canterra, overseeing the company's operations and exploration endeavors.
What has Canterra achieved in its exploration efforts?
Through multiple drilling campaigns, Canterra has uncovered numerous gold and base metal occurrences that show potential for significant discoveries and mine development.
What is Canterra's approach to exploration?
Canterra places a strong emphasis on exploration, seeking to advance the understanding of mineral resources and drive advancements in the mining industry.
CANTERRA MINERALS CORP
OTC:CTMCF
CTMCF Rankings
CTMCF Stock Data
23.31M
275.00M
14.11%
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United States of America
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