STOCK TITAN

DECADE RESOURCES LTD - DECXF STOCK NEWS

Welcome to our dedicated page for DECADE RESOURCES news (Ticker: DECXF), a resource for investors and traders seeking the latest updates and insights on DECADE RESOURCES stock.

Decade Resources Ltd (DECXF) is a Canadian mineral exploration company operating in the "Golden Triangle" area of northern British Columbia. With a focus on copper-silver deposits, the company owns 52 contiguous mineral claims totaling over 21,000 hectares, including the Treasure Mountain, Nobody Knows, and Dardanelle properties. Recent exploration efforts have identified significant copper-silver mineralization, bornite, chalcocite, and malachite. The company's 2024 field season will target the Copper River and Del Norte projects, aiming to explore for porphyry copper-gold potential. Stay informed about Decade's latest developments and achievements in the resource sector.

Rhea-AI Summary

Decade Resources (TSXV: DEC) has announced a non-brokered private placement of flow-through shares to raise gross proceeds of up to $125,000. The offering consists of 2,500,000 flow-through units at $0.05 per unit. Each unit includes one common share and one transferable purchase warrant, exercisable at $0.08 per share for 24 months.

The offering benefits from the Mineral Exploration Tax Credit (METC), providing a 15% tax credit on mineral exploration expenses, and the new 30% Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. The proceeds will be used for the company's projects in British Columbia's 'Golden Triangle' area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.26%
Tags
private placement
-
Rhea-AI Summary

Decade Resources (TSXV: DEC) has completed its flow-through private placement, raising gross proceeds of $945,000. The company issued 18,900,000 flow-through units at $0.05 per unit. Each unit includes one flow-through common share and one transferable warrant exercisable at $0.08 per share for 24 months.

The proceeds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's BC properties. The company paid $64,400 in finder's fees and issued 1,288,000 warrants at $0.08 to finders. All securities have a four-month hold period expiring April 4, 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
private placement
-
Rhea-AI Summary

Decade Resources has announced a non-brokered private placement of flow-through shares to raise up to $910,000. The offering consists of 18,200,000 flow-through units at $0.05 per unit, with each unit including one common share and one transferable purchase warrant exercisable at $0.08 per share for 24 months. The proceeds will be used for the company's projects in British Columbia. The offering benefits from the Mineral Exploration Tax Credit (METC) providing 15% tax credit and the new Critical Mineral Exploration Tax Credit (CMETC) offering 30% for specified minerals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
private placement
Rhea-AI Summary

Decade Resources reports results from the first 3 holes of its 2024 drill program at the Nobody Knows #2 zone. The drilling program, spanning 1000m, revealed significant copper and silver mineralization. Notable intersections include 4.36m of 2.69% copper and 23.7 g/t silver in hole NK-24-03. The mineralization, dominated by bornite, chalcocite, and malachite, occurs in weakly sheared andesitic rocks. The drilling successfully identified multiple mineralized horizons extending to at least 100m depth. The project, comprising 52 contiguous mineral claims over 23,016.7 hectares, is 100% owned by Decade Resources.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
none
-
Rhea-AI Summary

Decade Resources (TSXV: DEC) has completed a surface exploration program on its Grassy project in the 'Golden Triangle area' of BC. The property, located 24 km north of Stewart B.C., covers 830.20 hectares in 2 claims owned 100% by Decade. Key findings include:

- 35 grab rock samples taken from adit dumps, historic trenches, and bedrock mineralization
- Values ranged from 0.21 to 5184 g/t Ag, <0.005 to 31.9 g/t Au, 11.8 ppm to 3.92% Cu, 4.7 ppm to 39.89% Pb, and 4 ppm to 26.93% Zn
- Highest grade assays to date for the company
- Two areas identified for future diamond drilling

The company is also compiling results from its Nobody Knows project for future release.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.29%
Tags
none
-
Rhea-AI Summary

Decade Resources (TSXV: DEC) has completed its 2024 drill program at the Del Norte project in British Columbia's 'Golden Triangle' area. The company has fulfilled its commitment to earn a 55% working interest in the property by incurring over $4 million in exploration expenses. The program focused on testing the K-Zone, drilling 12 holes totaling 2,014.5 m of NQ sized core.

The Del Norte project covers an 8 km-long mineralized belt with multiple gold showings. Previous trenching in the K-Zone yielded significant gold and silver values. The 2024 drilling encountered the K-Zone in all but one hole, marked by faulted and brecciated sediment, sheared and silicified dacite ash tuffs, and dacitic dykes with various forms of quartz and mineralization.

Samples have been sent for analysis, and the company is pleased with the verification of the K-zone persisting to depth. Decade Resources now has the right to earn an additional 20% interest by placing the property into production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Maxwell A. Munday has acquired 19,000,000 shares and 19,000,000 warrants of Decade Resources (DECXF) through a non-brokered private placement on October 1st, 2024. The purchase was made at 3.5¢ per unit, totaling $665,000. Following this acquisition, Munday now owns or controls:

- 22,500,000 shares (17.56% of Decade's 128,132,690 outstanding shares)
- 31,000,000 warrants (49.40% of Decade's 62,757,813 outstanding warrants)

Munday states that the securities were acquired for investment purposes and may adjust his holdings based on market conditions and other factors. This announcement is in compliance with National Instrument 62-103, and an Early Warning Report has been filed on SEDAR.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
54.47%
Tags
none
-
Rhea-AI Summary

Decade Resources (TSXV: DEC) has successfully closed its previously announced private placement, raising gross proceeds of $1,040,000. The company issued 29,714,286 units at 3.5 cents per unit, with each unit comprising one common share and one transferable common share purchase warrant. The warrants are exercisable at $0.06 per share for a 5-year period.

The majority of the proceeds will be used for general working capital purposes, with the possibility of allocating over 10% towards exploration on BC Properties. The company paid a cash finder's fee of $71,400 and issued 2,040,000 warrants at $0.06 to a finder. All securities issued have a statutory hold period until January 31, 2025.

Decade Resources also announced that there will not be a Tranche 2 of its Flow Through PP, as the company has sufficient funding to complete the Del Norte option.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35.77%
Tags
private placement
-
Rhea-AI Summary

Decade Resources (TSXV: DEC) has increased its non-brokered private placement to 29,714,286 units at $0.035 per unit, aiming to raise $1,040,000. Each unit includes one common share and one share purchase warrant, exercisable for five years at $0.06 per share. The majority of proceeds will be used for general working capital, with potentially over 10% allocated to exploration of BC Properties. Finders' fees of 8% in cash and warrants will be paid for certain investors. The financing is subject to TSX-V approval and a four-month statutory hold period. Decade Resources focuses on mineral exploration in British Columbia's 'Golden Triangle' area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10%
Tags
private placement
Rhea-AI Summary

Decade Resources (TSXV: DEC) has closed tranche 1 of its flow-through private placement, raising $481,000 in gross proceeds. The company issued 9,620,000 flow-through units at $0.05 per unit, each comprising one flow-through common share and one transferable non-flow-through warrant exercisable at $0.08 per share for 24 months. Directors acquired 5 million units for $250,000, considered a related party transaction but exempt from formal valuation and minority shareholder approval requirements. Proceeds will fund Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's BC properties. Securities are subject to a four-month hold period expiring January 11, 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
private placement

FAQ

What is the current stock price of DECADE RESOURCES (DECXF)?

The current stock price of DECADE RESOURCES (DECXF) is $0.025 as of December 19, 2024.

What is the market cap of DECADE RESOURCES (DECXF)?

The market cap of DECADE RESOURCES (DECXF) is approximately 4.0M.

Where is Decade Resources Ltd based?

Decade Resources Ltd is a Canadian mineral exploration company based in the "Golden Triangle" area of northern British Columbia.

What are some key properties owned by Decade Resources Ltd?

Decade Resources Ltd owns 52 mineral claims, including the Treasure Mountain, Nobody Knows, and Dardanelle properties, totaling over 21,000 hectares.

What type of mineralization has been identified in Decade's recent exploration?

Recent exploration efforts have identified significant copper-silver mineralization, bornite, chalcocite, and malachite in Decade's properties.

What are Decade's focus areas for the 2024 field season?

Decade plans to focus on exploring the porphyry copper-gold potential at the Copper River project and the Del Norte project, targeting various mineralized zones.

Where can I find more information about Decade Resources Ltd?

For a complete listing of the company's assets and developments, visit the official Decade Resources Ltd website at www.decaderesources.ca.

DECADE RESOURCES LTD

OTC:DECXF

DECXF Rankings

DECXF Stock Data

3.97M
108.50M
30.07%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Stewart