Macarthur Minerals is pleased to announce that the board has resolved to progress an ASX Initial Public Offering of its Australian lithium and iron ore projects, subject to regulatory approval. Macarthur Minerals will maintain majority ownership and control of the ASX IPO listed entity. David Taplin, President, CEO and Director of Macarthur Minerals, commented:
Macarthur Minerals is pleased to announce that London listed Rare Earth Minerals plc, the Company's largest shareholder, has exercised 7,500,000 warrants. The exercise of 7,500,000 warrants increases Rare Earth Minerals' interest from 11.69% to 16.56% of Macarthur Minerals' issued capital. Rare Earth Minerals was previously issued 15,000,000 warrants in the Company as part of the 2016 Private Placement (refer to news [...]
Macarthur Minerals is pleased to announce that it has commenced staking a significant number of new claims surrounding its Stonewall Lithium Project, because of the lithium prospectivity of the Lida Valley, indicated by surface grades returned from the initial drilling program of up to 145.5 parts per million lithium. The Stonewall Project is located in the Lida Valley, Nevada, the basin adjacent to the Clayton Valley [...]
Macarthur Minerals is pleased to announce that it has located lithium near surface in the Lida Valley, Nevada, the basin adjacent to the Clayton Valley, which hosts North America's only producing lithium mine, Albemarle's Silver Peak Lithium Mine. Lithium has been located at the Company's new Stonewall Lithium Project ("Stonewall Project") in Southern Nevada, from a shallow auger drilling program conducted as part of due [...]
Macarthur Minerals is pleased to announce that it has completed due diligence and executed a Mineral Rights Deed to complete aquisition of the Yalgoo Lithium Project, located in Western Australia. Assays received from rock chip sampling, as part of due diligence, returned results of up to 3.75% lithium (Li2O), confirming the presence of at least two lithium bearing pegmatites, ...
Macarthur Minerals is pleased to announce pursuant to the Company's Share Compensation Plans, the Company has granted 13,509,664 incentive stock options to various Employees, Directors and a Consultant. The options are exercisable at $0.06 per option for a period of 3 years from the date of grant and have no vesting conditions. The options are being issued under the terms of the Company's Share Compensation Plans which [...]
Macarthur Minerals is pleased to announce that it has applied for an additional exploration licence E45/4824, in the Pilbara region of Western Australia, adjacent to its existing exploration licences E45/4708 and E45/4709, to extend the contiguous area to 367 square kilometres (90,687 acres). The Company now has total tenement acreage under application in the Pilbara region of 1,449 square kilometres (358,055 acres), in [...]
Macarthur Minerals is pleased to announce that 98% of warrants issued as part of the 2015 private placement (refer to news releases dated July 28, 2015 and August 14, 2015) have been exercised. In total 24,124,519 five cent warrants were exercised for total gross proceeds of $1,256,226. David Taplin, President, CEO and Director of Macarthur commented: "The overwhelming support from existing shareholders to exercise such a [...]
Vancouver, BC (FSCwire) - Voltaic Minerals Corp. (TSXV: VLT, FSE: 2P6) (the “Company”) is pleased to announce that it has entered into a Memorandum of Understanding with Macarthur Minerals Ltd. (TSXV:MMS) (“Macarthur”) to enter into a Purchase Agreement for the Stonewall Project in Nevada which covers approximately 5700 acres that was acquired by the company through staking. Under the terms of the MOU and on completion of [...]
Macarthur Minerals is pleased to announce that it has entered the United States lithium supply sector through an agreement to acquire the Stonewall Project in Nevada, which is prospective for lithium. The Stonewall Project covers an area of approximately 5,700 acres (23 km2) and the majority of a Salt Lake Playa in Nevada's Lida Valley Basin, the adjacent basin to the Clayton Valley Basin, which hosts the United States [...]
Macarthur Minerals is pleased to announce that it has entered into an agreement to acquire exclusive rights for two granted exploration licenses covering an area of 191 square kilometres in the Yalgoo region of Western Australia. The acreage on which rights to lithium are acquired is in proximity to the Company's existing Edah Hill lithium acreage and consists of granted exploration licenses allowing immediate exploration [...]
Macarthur Minerals is pleased to announce the Chairman's Highlights for financial year end March 31, 2016 as contained in its annual reports. The Company will hold its Annual General Meeting on August 31, 2016 at 10 AM in Brisbane. Macarthur Minerals' Chairman's key highlights for 2016 include: