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Sokoman Minerals Corp. (SICNF) is a Canadian mineral exploration company focused on gold projects in Newfoundland and Labrador. With flagship projects like Moosehead, Crippleback Lake, and Fleur de Lys, Sokoman aims to discover and develop high-grade gold deposits. The company has strategic alliances with Benton Resources Inc. and recently signed an agreement with Campden Hill Holdings Pty Ltd for the Iron Horse property. Sokoman also entered into a Memorandum of Understanding with Novamera Inc. to explore bulk sample opportunities using advanced technology. Driven by a team of experts, including structural consultant Dr. David Coller, Sokoman is dedicated to advancing its projects and unlocking the full potential of its properties.
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Sokoman Minerals Corp. initiates a winter diamond-drilling program to extend the newly discovered 552 Zone, showcasing promising gold grades. The program aims to test a 150-meter strike length to a depth of 125 meters, with visible gold found in recent drill holes. The company anticipates higher-grade sections within the 552 Zone, reflecting positive growth potential.
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Sokoman Minerals Corp. (SICNF) has closed both its flow-through and non-flow-through private placement financings, issuing 53,892,847 flow-through units and 3,200,000 non-flow-through units at CAD$0.065 each for aggregate gross proceeds of CAD$3,711,035. The Company will use the gross proceeds to incur eligible 'Canadian exploration expenses' and undertake a proposed 2,500 m winter drilling program on the flagship Moosehead Gold project.
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Sokoman Minerals Corp. provides an update on the ongoing exploration at its flagship Moosehead Gold Project. The drilling results at the recently discovered 552 Zone, located 400 m to the east of the Eastern Trend, are promising, with visible gold and significant mineralization found in the quartz veining. The company plans to continue exploration to test the down-plunge extent of the 552 Zone and any parallel structures, including extensions to the 253 Zone, in Q1 2024.
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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announces the filing of documents with the TSX Venture Exchange to close their private placement financing, consisting of 53,892,847 $0.065 flow-through units and 3,200,000 $0.065 non flow-through units for aggregate gross proceeds of $3,711,035. The financing will be used to incur eligible 'Canadian exploration expenses' and to renounce all of the qualifying expenditures in favor of the subscribers of the flow-through units.
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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announces an increase in flow-through private placement financing by CAD$483,525 to total aggregate gross proceeds of CAD$3,483,525. The company also announces a non-flow-through CAD$0.065 unit financing for aggregate gross proceeds of CAD$208,000. All securities issued will be subject to a four-month and one-day hold period. The funds will be used for Canadian exploration expenses on the Fleur de Lys and Moosehead gold projects.
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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has received conditional approval for a flow-through private placement, closing the first tranche for CAD$2,462,525. The Private Placement will issue 37,885,000 flow-through share units at a price of CAD$0.065, with each unit including one common share and one half of a common share purchase warrant. The proceeds will be used for project exploration work on the Company's properties, with approximately 25% allocated to the Fleur de Lys Project and the remaining balance to the flagship Moosehead Project.
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Benton Resources Inc. (BEX) and Sokoman Minerals Corp. (SICNF) Announce Piedmont Lithium Inc.'s (PLL) Exercise of Initial Earn-In Right for Killick Lithium Inc. (Killick)
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Sokoman Minerals Corp. (SIC) announces a non-brokered private placement of flow-through units for gross proceeds of up to CAD$3,000,000. The Private Placement is priced at $0.065 per FT Unit, with each unit consisting of one flow-through common share of the Company and one-half of one common share purchase warrant. The Company intends to use the gross proceeds to incur eligible 'Canadian exploration expenses' and renounce all of the Qualifying Expenditures in favor of the subscribers of the FT Units effective December 31, 2023. The Company is well-funded to cover corporate and working capital needs for 2024 with ~$2M in cash and securities in the treasury.
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Sokoman Minerals Corp. and Benton Resources Inc., known as the Alliance, have received the 'Explorer of the Year' award at the CIM Mineral Resources Review in Newfoundland. The award is in recognition of their ongoing success at the Killick and Kraken Lithium discovery, with significant surface sampling and drill results. The Alliance also recently executed a CAD$24 million option agreement with Piedmont Lithium Inc.
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Sokoman Minerals Corp. has identified a new mineralized structure, the 552 Zone, in the ongoing drilling program at the Moosehead project. The 552 Zone is located 200 m to the east of the Eastern Trend and has an apparent east-west strike. Assays from three of the four completed holes show gold mineralization, with the best grade intersected at 1.41 g/t Au over 2.9 m. The 552 Zone remains open, and approximately 2500 m of drilling is planned to further test the area.
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FAQ
What is the current stock price of SOKOMAN MINERALS (SICNF)?
The current stock price of SOKOMAN MINERALS (SICNF) is $0.02525 as of December 24, 2024.
What is the market cap of SOKOMAN MINERALS (SICNF)?
The market cap of SOKOMAN MINERALS (SICNF) is approximately 8.2M.
What are Sokoman Minerals Corp.'s primary projects?
Sokoman's primary projects include Moosehead, Crippleback Lake, and Fleur de Lys, all focused on gold exploration.
What strategic alliances has Sokoman Minerals Corp. formed?
The company has alliances with Benton Resources Inc. and Campden Hill Holdings Pty Ltd for various projects.
What is the recent agreement signed by Sokoman Minerals Corp.?
Sokoman recently signed a Memorandum of Understanding with Novamera Inc. to explore bulk sample opportunities using innovative technology.
Who is Dr. David Coller and what role does he play at Sokoman Minerals Corp.?
Dr. David Coller is a structural consultant assisting Sokoman in updating structural models and planning drilling activities.
What regions are the projects of Sokoman Minerals Corp. located in?
Sokoman's projects are primarily located in Newfoundland and Labrador, known for their mineral potential.
How is Sokoman Minerals Corp. contributing to the mineral exploration sector?
Sokoman is dedicated to discovering and developing high-grade gold deposits through strategic partnerships and advanced technologies.
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