Welcome to our dedicated page for Rjk Expls news (Ticker: RJKAF), a resource for investors and traders seeking the latest updates and insights on Rjk Expls stock.
RJK Explorations Ltd (RJKAF) specializes in mineral exploration with a focus on diamond drilling and kimberlite target evaluation across Northern Ontario. This page serves as the definitive source for all company announcements, operational updates, and strategic developments.
Investors and industry professionals will find curated press releases detailing exploration results from reverse circulation drilling campaigns, geochemical survey findings, and financial updates including private placement completions. Key coverage areas include project milestones, option agreement executions, warrant amendments, and technical advisory appointments.
All content is vetted for relevance to RJKAF's core activities in resource exploration, ensuring users stay informed about material developments that could impact investment decisions. Bookmark this page for streamlined access to primary-source information about the company's kimberlite exploration progress and capital management strategies.
RJK Explorations has completed two exploration diamond drill holes on the Huff patents in Bucke Township, which was optioned in October 2024. While the initial targets were identified as potential kimberlites, neither hole confirmed kimberlite presence. The company is currently negotiating to acquire three privately held patented claim groups with potential kimberlite targets.
The company is expanding its exploration focus to include precious metals and polymetallic metals. Drill hole HUFF-24-01 reached 150m depth, intersecting mudstone and greywacke beds, with no significant gold or silver results. HUFF-24-02, drilled to 155m, revealed banded iron formation layers averaging 28.5% Fe and 738 ppm manganese, indicating the presence of critical metals on the property.
RJK Explorations (TSXV: RJX.A) has received approval from the TSX Venture Exchange for amendments to 900,000 outstanding common share purchase warrants. The warrants, originally issued during a non-brokered private placement closing December 31, 2021, will now expire on December 31, 2026. Of the total warrants, 590,000 will have a new exercise price of $0.10. Due to Exchange policies, only 90,000 of the 400,000 warrants held by an insider could have their exercise price amended.
RJK Explorations (TSXV: RJX.A) has announced plans to amend 900,000 outstanding common share purchase warrants originally issued in December 2021. The key changes include extending the expiration date from December 31, 2024, to December 31, 2026, and reducing the exercise price from $0.25 to $0.10 for 590,000 warrants. Of the total warrants, 400,000 are held by an insider, with only 90,000 eligible for exercise price amendment per Exchange policy. The amendments require warrant holders' consent and Exchange approval.
The company also disclosed that insiders participated in a previously announced private placement for $130,000. Both the warrant amendments and insider participation qualify as related party transactions but are exempt from certain requirements under MI 61-101.
RJK Explorations (TSXV: RJX.A) has announced a non-brokered private placement to raise up to $350,000. The offering consists of units priced at $0.035 each, comprising one common share and one warrant. Each warrant allows the holder to acquire an additional common share at $0.07 within five years. Insiders are expected to contribute $130,000 to the offering.
The company plans to allocate 70% of the proceeds for diamond drilling of potential kimberlite, base, and precious metal targets, with the remaining 30% for general working capital. The offering is subject to TSX Venture Exchange approval and may close in multiple tranches. Securities issued will have a four-month and one-day hold period.
RJK Explorations (TSXV: RJX.A) has signed an option agreement to explore patented claims in Bucke Township, Northern Ontario. The company plans to drill-test a potential kimberlite target identified through geochemical data and magnetic surveys. RJK will make an initial $20,000 cash payment for up to four diamond drill holes.
If further exploration is pursued, RJK can earn a 100% interest in the mineral rights through a series of cash and share payments over three years. The agreement includes royalties and an option to purchase surface rights. RJK has also welcomed Alan Kon to its Board of Advisors and plans to issue 300,000 shares to Great Lakes Nickel for equipment use. Additionally, the company will grant 4,000,000 stock options at $0.05 to various stakeholders.
