Mining & Resource Sector Updates: Acquisitions, Positive Test Results, and Funding Wins

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Kirkland Lake Completes Acquisition of Mirado Project

Toronto, Ontario – (Newsfile Corp. – March 3, 2026) – Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) (“KLDC” or the “Company”) is pleased to announce that, following its press release dated December 18, 2025, it has now completed the previously announced acquisition of the Mirado Gold Project.

Stefan Sklepowicz, CEO of KLDC, stated: “The acquisition of the Mirado Gold Project is a pivotal step for Kirkland Lake Discoveries. While historical data is encouraging, we believe we have only scratched the surface of the property’s true potential. With 100% undivided ownership, we now have the flexibility to actively test high-priority targets and expand the known mineralization. Our team is eager to mobilize drills to demonstrate the significant exploration potential we see at KL South.”

Acquisition Terms

On December 16, 2025, the Company entered into a purchase agreement with Orecap Invest Corp. (“Orecap”) to acquire 100% undivided interest in the project area collectively known as the Mirado Property, free and clear of all liens and encumbrances.

As consideration for the acquisition, KLDC issued 40,582,767 common shares of the Company to Orecap, with each consideration share valued at CAD 0.215, representing 19.9% of KLDC’s issued and outstanding common shares immediately following the completion of the acquisition. The consideration shares are subject to a statutory four-month hold period (expiring on July 3, 2026) and a 12-month lock-up period. No finder’s fees were paid in connection with the transaction.

Further details regarding the acquisition can be found in the Company’s press release dated December 18, 2025, available on the SEDAR+ website (www.sedarplus.ca).

American Tungsten Announces Positive Initial Metallurgical Test Results for IMA Tungsten Project

Vancouver, British Columbia – (Newsfile Corp. – March 3, 2026) – American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) (“American Tungsten” or the “Company”) is pleased to announce positive results from initial metallurgical test work conducted by Sepro Laboratories on tungsten-silver mineralized samples from the IMA Mine in Lemhi County, Idaho.

Highlights

94.4% WO₃ recovery achieved via staged Falcon gravity separation with regrinding;

91.1% WO₃ recovery at 33.8% mass pull through heavy liquid separation (HLS);

Effective sulfide enrichment via flotation, with recoveries of 83.2% copper, 72.0% silver, and 59.1% molybdenum, with minimal WO₃ loss.

Ali Haji, CEO of American Tungsten Corp., commented: “These initial metallurgical test results confirm the material’s strong amenability to dense media and gravity separation, supporting our view that the IMA Tungsten Project has the potential for an efficient, scalable processing flow sheet. Building on the momentum of our recently completed CAD 40 million bought deal financing, we are well-positioned to accelerate technical de-risking and advance key development activities. As the project moves to the next phase, we remain focused on driving value creation.”

Sepro Laboratories, a division of Sepro Mineral Systems, was commissioned to conduct gravity separation and flotation tests on complex polymetallic tungsten-quartz vein material from the IMA Mine. 130 kilograms of representative material were collected from 6 drill holes in Veins 5 and 7 of the D-Level at the IMA Mine and submitted to Sepro for laboratory-scale metallurgical testing. In its test report, Sepro stated: “The HLS [Heavy Liquid Separation] test results demonstrate excellent WO₃ recovery and indicate a high degree of amenability of the sample to density-based separation methods.”

American Tungsten and its contractors are actively interpreting the test results and planning additional metallurgical and process design tests, which may include HLS crush size variability testing, gravity separation tests, sulfide pre-flotation combined with Falcon gravity separation, magnetic separation for concentrate upgrading, and geometallurgical variability testing. Additional metallurgical test work on historical tailings material is currently underway.

EnviroGold Global Announces Positive Results for Hecla Mining’s Greens Creek Tailings Project

Vancouver, Canada, March 2, 2026 – EnviroGold Global Limited (TSX-V: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold” or the “Company”), a cleantech firm focused on recovering precious and critical metals from mine waste rock and tailings, announced the completion of Phase 2 of structured test work on tailings from Hecla Mining Company’s (“Hecla”) Greens Creek Mine in Alaska. For confidentiality reasons, the Company previously referred to the partner as a “Tier 1 North American customer”; Hecla can now be confirmed as the project partner.

Completion of Phases 1 and 2 of EnviroGold’s Rapid Deployment Path has verified the technical amenability of Greens Creek tailings to the NVRO Process™, with test results showing near-complete oxidation of sulfide minerals, strong liberation of contained metals, and high recoveries, including 98.07% silver and 99.46% gold.

A bulk sample of material from Greens Creek is being shipped to EnviroGold’s Western Australian project development hub, where Phase 3 pilot plant optimization and Phase 4 demonstration-scale processing will be completed. These phases aim to optimize process operating conditions, verify the quality and value of marketable products, assess waste stream characteristics and operating parameters at an industrial scale, and generate engineering data for techno-economic modeling to support ongoing commercial evaluation of this tailings processing opportunity.

Subject to further studies, permitting, and commercial arrangements, the project has the potential to recover silver, gold, base metals, and critical minerals from sulfide tailings using the NVRO Process™, while reducing long-term environmental liabilities associated with legacy mine waste.

Grant Freeman, CEO of EnviroGold, said: “The test work results clearly demonstrate the NVRO Process™’s potential to unlock significant metal production from the mineralization contained within the Greens Creek tailings facility, which has not been recovered by previous beneficiation activities over the facility’s 35-year operating history. We thank Hecla for the opportunity to evaluate its tailings and potential commercial opportunities.”

SLAM Discloses Soil Samples with Gold Grades Up to 0.466 g/t at Jake Lee Project

Exploring for Gold, Silver, and Critical Minerals in Mineral-Rich New Brunswick, Canada

Miramichi, New Brunswick / ACCESS Newswire / March 2, 2026 – SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce that 766 soil samples collected via detailed gridding around recent gold discoveries at the Jake Lee Project have returned gold grades of up to 0.466 g/t. The samples were collected on a 50m × 25m grid spacing in the area surrounding the newly discovered Gold Vein 1. SLAM recently reported channel sampling results yielding gold grades of up to 40.5 g/t over 0.40m and silver grades of up to 63.30 g/t.

Figure 1 shows the soil analysis results and gold occurrences, overlain on previous airborne geophysical resistivity and airborne electromagnetic conductor maps. The gold-anomalous soil zone includes a 200m × 400m area east of Gold Vein 1, which appears to be associated with an airborne electromagnetic conductor.

Figure 1: Jake Lee Gold Vein 1

The Company has mapped channel sampling results across Gold Vein 1. A total of 11 samples (each 0.40m in length) were collected from 3 channels traversing the vein and extending into the host rock on both sides. Assay results for the vein are 31.3 g/t gold, 12.3 g/t gold, and 40.5 g/t gold (plotted on the right side of each channel); meanwhile, 63.30 g/t silver, 23.2 g/t silver, and 25.1 g/t silver (plotted on the left side of each channel) are shown in Figure 2.

Figure 2: Gold Vein 1, Geology, and Channel Sampling

The Jake Lee prospect is located 25 km southeast of the Clarence Stream Gold Deposit, owned by Galway Metals Inc. The Clarence Stream Deposit hosts indicated resources of 12.4 million tonnes at 2.31 g/t gold (containing 922,000 ounces of gold) and inferred resources of 16.1 million tonnes at 2.60 g/t gold (containing 1.334 million ounces of gold). (Reference: “Clarence Stream Deposit Mineral Resource Update Report, New Brunswick, Canada,” prepared by SLR Consulting (Canada) Ltd., March 31, 2022.) SLAM’s exploration team has recently redeployed equipment and personnel to the Jake Lee Project site.

American Tungsten Increases Bought Deal Financing to CAD 35 Million

/THIS NEWS RELEASE IS NOT BEING DISTRIBUTED TO U.S. NEWSWIRE SERVICES AND IS NOT FOR DISTRIBUTION IN THE UNITED STATES/

Vancouver, British Columbia, March 2, 2026 – American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FRA: RK90) (“American Tungsten” or the “Company”) is pleased to announce that, due to strong investor demand, it has entered into an amended agreement with Stifel Canada as sole underwriter and bookrunner to increase the size of its previously announced “bought deal” private placement. Pursuant to the amended agreement, the underwriter has agreed to purchase, on a bought deal basis, 12,423,000 units of the Company at a price of CAD 2.80 per unit (the “offering price”), for total gross proceeds of CAD 34,784,400 (the “offering”).

The Company has granted the underwriter an option (the “underwriter’s over-allotment option”) to purchase up to an additional 1,863,450 units at the offering price, on the same terms and conditions as the offering. The underwriter’s over-allotment option may be exercised in whole or in part at any time up to 48 hours prior to the closing of the offering.

Each unit will consist of one Class A common share of the Company and one Class A common share warrant. Each warrant will entitle the holder to purchase one common share of the Company at an exercise price of CAD 3.75 per share for a period of 36 months following the closing date of the offering.

The Company intends to use the net proceeds of the offering to advance the exploration and development of the IMA Tungsten Project, as well as for working capital and general corporate purposes. The units will be offered by way of private placement: (1) in each province of Canada pursuant to prospectus exemptions under applicable Canadian securities laws; (2) in the United States to investors pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended; and (3) in jurisdictions outside the United States and Canada on a private placement equivalent basis, as agreed by American Tungsten and the underwriter.

The offering is expected to close on or about March 18, 2026, subject to certain conditions, including but not limited to the receipt of all necessary regulatory and other approvals. The offering is subject to the policies of the Canadian Securities Exchange. Securities issued pursuant to the offering will be subject to a four-month hold period under applicable Canadian securities laws and exchange rules.

American Tungsten Announces CAD 20 Million Bought Deal Private Placement

Vancouver, British Columbia, March 2, 2026 – American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FRA: RK90) (“American Tungsten” or the “Company”) is pleased to announce that it has entered into an agreement with Stifel Canada Inc. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively with Stifel Canada, the “underwriters”), pursuant to which the underwriters have agreed to purchase, on a “bought deal” basis, 7,150,000 units of the Company at a price of CAD 2.80 per unit (the “offering price”), for total gross proceeds of CAD 20,020,000.

Each unit will consist of one Class A common share of the Company (a “common share”) and one-half of one common share warrant (each whole warrant, a “warrant”). Each warrant will entitle the holder to purchase one common share of the Company at an exercise price of CAD 3.75 per share for a period of 36 months following the closing date (as defined below).

The Company has granted the underwriters an over-allotment option, exercisable up to 48 hours prior to closing, to purchase up to an additional 15% of the units offered pursuant to the offering at the offering price for resale, representing additional gross proceeds of up to CAD 3,003,000.

The Company intends to use the net proceeds of the offering to advance the exploration and development of the IMA Tungsten Project, as well as for working capital and general corporate purposes. The units will be offered by way of private placement: (1) in each province of Canada pursuant to prospectus exemptions under applicable Canadian securities laws; (2) in the United States to investors pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended; and (3) in jurisdictions outside the United States and Canada on a private placement equivalent basis, as agreed by American Tungsten and the underwriters.

The offering is expected to close on or about March 18, 2026, subject to certain conditions, including but not limited to the receipt of all necessary regulatory and other approvals. The offering is subject to the policies of the Canadian Securities Exchange. Securities issued pursuant to the offering will be subject to a four-month hold period under applicable Canadian securities laws and exchange rules.

Electric Metals (USA) Limited Appoints Computershare as Transfer Agent and Registrar

Wilmington, Delaware / ACCESS Newswire / March 2, 2026 – Electric Metals (USA) Limited (“Electric Metals” or the “Company”) (TSXV: EML) (OTCQB: EMUSF) today announced the appointment of Computershare Trust Company, N.A. (“Computershare USA”) as its principal transfer agent and registrar, and Computershare Trust Company of Canada (“Computershare Canada”) as its co-transfer agent in Canada, effective March 2, 2026.

Computershare USA will serve as the Company’s principal transfer agent and registrar, reflecting the Company’s U.S. corporate domicile and its ongoing alignment with U.S. capital market and institutional investor standards. Computershare Canada will act as co-transfer agent to support Canadian shareholder administration and regulatory requirements associated with the Company’s listing on the TSX Venture Exchange.

Upon the effectiveness of the appointment, TSX Trust Company has ceased to act as the Company’s transfer agent and registrar.

Shareholders are not required to take any action in connection with the change of transfer agent. All shareholder records have been transferred to Computershare. Shareholders will receive a welcome letter directly from Computershare containing instructions on how to access and manage their accounts.

Transfer Agent Contact Information:

Computershare Trust Company, N.A.

www.computershare.com

Toll-free inquiry (U.S.): 1-800-736-3001, press 1

International inquiry: 1-781-575-3100, press 1

First Phosphate Receives Conditional Approval for Up to CAD 16.7 Million Government of Canada Grant

Saguenay, Quebec – (Newsfile Corp. – March 2, 2026) – First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) (“First Phosphate” or the “Company”) announced it has received conditional approval for a non-repayable grant agreement of up to CAD 16.7 million from the Government of Canada via Natural Resources Canada’s (“NRCan”) Global Partnerships Initiative (“GPI”).

The Government of Canada funding will be used to assess the technical and engineering parameters (including processing circuits and equipment) required to validate the ability to produce phosphate concentrate meeting the quality requirements of the lithium iron phosphate (“LFP”) battery market. The work will be conducted in accordance with parameters agreed upon in First Phosphate’s offtake contracts with its ultimate offtakers.

Tim Hodgson, Canada’s Minister of Energy and Natural Resources, stated: “Canada and our partners are putting real money into building safe, resilient critical mineral supply chains that our economy and defense industries depend on. By supporting companies like First Phosphate, we are helping to provide the minerals the world needs, and the prosperity and security Canadians deserve.”

Armand MacKenzie, President of First Phosphate, commented: “This financial support from the Government of Canada provides important backing for our ongoing development efforts, enabling us to conduct detailed work to validate LFP application requirements and the expectations of our offtakers and international partners.”

This development work will help strengthen Canada’s strategic position in the LFP battery value chain by building domestic capacity to process apatite (phosphate concentrate) into battery-grade high-purity phosphoric acid (“PPA”), reducing reliance on foreign supply chains. Related activities will deliver significant economic benefits, including the creation of technical jobs and laying the groundwork for establishing Canadian phosphoric acid facilities through the commercialization of local phosphate concentrate production.

As part of a plan to support industry collaboration and integrate Canadian projects into international battery materials supply chains, the grant will be used to complete studies for the Company’s integrated phosphate concentrate project in the Saguenay–Lac-Saint-Jean region, covering eligible activities under the agreement terms up to 2028.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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