Welcome to our dedicated page for Supreme Critical Metals news (Ticker: VRCFF), a resource for investors and traders seeking the latest updates and insights on Supreme Critical Metals stock.
Supreme Critical Metals Inc. (OTC Pink: VRCFF; CSE: CRIT; FSE: VR6) generates news primarily around mineral exploration, property transactions, and capital markets activity in the silver, copper, uranium, and gold space. As a diversified exploration and investment corporation, the company issues frequent updates on its North American project portfolio and related corporate developments.
News coverage for Supreme Critical Metals often includes announcements about work programs at the Silver Vista silver-copper property in British Columbia, such as site visits, geophysical and geochemical surveys, drilling plans, and till sampling campaigns conducted with technical consultants. Releases also describe the company’s option agreements and property acquisitions, including the Gold Springs 1 Property in the Stateline Mining District of Lincoln County, Nevada.
Investors following VRCFF can expect regular updates on non-brokered private placements, flow-through financings, and common share offerings, along with details on how proceeds are intended to be used for exploration and corporate purposes. The company also reports on incentive stock option grants and amendments to property option agreements, which can be relevant for understanding capital structure and project commitments.
Additional news items cover management changes, such as the appointment of a new President and Chief Executive Officer, as well as marketing and investor outreach arrangements with third-party media and communications firms. Together, these disclosures provide insight into Supreme Critical Metals’ exploration plans, financing activities, and corporate strategy. Readers interested in VRCFF news can use this page to review a chronological record of project updates, financing announcements, and other material events disclosed by the company.
Victory Resources Corporation has received a drill permit for its Smokey Lithium property in Esmeralda County, Nevada. Following extensive exploration work, the company has identified significant drill targets to assess the relationship with a high lithium zone adjacent to the Jindalee property. The permit allows for the drilling of 15 holes, expanded from an initial 4, showcasing increased confidence in the site’s potential. The area is known for its lithium clay deposits, crucial for battery production, enhancing the company's strategic position in the lithium market.
Victory Resources Corporation has amended its drill permit for the Smokey Lithium property in Nevada, increasing the planned drilling from 4 to 15 holes. This expansion follows extensive exploration work that identified new drill targets related to a high lithium zone adjacent to the Jindalee property. The exploration team is prepared to start drilling once the permitting process is finalized. Additionally, the company launched an advertising campaign with Investing News Network to boost investor awareness, which costs CAD 22,000.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) is expanding its drilling plans at the Smokey Lithium property in Nevada from 4 to 15 holes, following extensive exploration and analysis. The company will amend its existing drill permit application and anticipates starting the drilling in early winter, pending approvals. The expansion aims to explore potential relationships with lithium zones on adjacent properties. The Smokey Lithium project is strategically located within a prolific area for lithium clay deposits.
Victory Resources Corporation has successfully closed its non-brokered private placement, raising $1,093,995 by issuing 19,890,816 units, each composed of one common share and one common share purchase warrant. The warrants can be exercised at CDN $0.07 per share until November 4, 2023. Insiders bought 3.5% of the offering. Proceeds will be allocated for ongoing exploration, particularly at the Smokey Lithium Property in Nevada, and general working capital. Additionally, 2.7 million stock options were granted to directors and officers.
Victory Resources Corporation (OTC: VRCFF) has announced a non-brokered private placement to raise up to $1,000,000 by issuing up to 18,181,818 units at $0.055 each. Each unit comprises one common share and a warrant to purchase an additional share at CDN $0.07 for 24 months. Funds will support exploration on the Smokey Lithium Property in Nevada and general working capital. The offering includes finders’ fees and is subject to a four-month hold period.
Victory Resources Corporation has filed a drill permit application for its Smokey Lithium property in Esmeralda County, Nevada. Extensive summer exploration identified drill targets, with plans for four initial holes, expandable to fifteen. Surface sampling returned lithium values up to 630 ppm, although some results were qualitative due to conditions. The property is located in a prolific lithium area, approximately 20 miles from known projects. The drilling is expected to commence in late fall or early winter, pending permit approvals.
Victory Resources Corporation (CSE:VR)(FSE:VR61)(OTC PINK:VRCFF) reported a strategic focus on lithium exploration in Nevada, specifically at its Smokey Lithium property. With lithium prices reaching three-year highs due to increased demand for electric vehicles, the company is well-positioned for future advancements. The Smokey property is located in a prolific lithium region, and surface sampling indicates potential high lithium concentrations. CEO Mark Ireton emphasized the company’s commitment to lithium exploration amidst the EV revolution.
Victory Resources Corporation has extended the expiry date of 886,667 previously issued warrants by two years, now set to expire on November 12, 2023. Initially issued on November 12, 2019, these warrants allow holders to purchase common shares at an unchanged price of $0.50. This move aims to enhance the company's financial flexibility while maintaining existing terms for investors.
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