Regulus Resources Inc. is pleased to announce that its non-brokered private placement , previously announced on December 22, 2022, has been upsized to 22,658,974 common shares at a price of C$1.02 per Common Share for total gross proceeds of C$23,112,153. On December 22, 2022 the Company announced a strategic investment by Nuton, a Rio Tinto Venture, to acquire an approximate 16.5% interest in Regulus. The Company's [...]
Regulus Resources Inc. is pleased to announce a US$15,000,000 non-brokered private placement , by Nuton, a Rio Tinto Venture . Highlights Regulus is completing a Private Placement of US$15,000,000 at a subscription price of C$1.02 per common share Nuton will subscribe for 20,058,974 common shares Upon closing, Nuton will own an approximate 16.5% interest in Regulus Regulus and Nuton will jointly undertake copper sulphide [...]
Regulus Resources Inc. is pleased to announce the completion of a US$5 million investment from Osisko Gold Royalties in exchange for a net smelter return ranging from 0.125% to 1.5% on certain claims of the Company's AntaKori project , as well as a right to buy-back a 1% NSR from a third party on certain claims of AntaKori. Proceeds from the Investment will be used for exploration activities at AntaKori and for general [...]
Regulus Resources Inc. is pleased to report results from drill hole AK-22-052 from the AntaKori copper-gold project in Peru. The goal of this drill hole was to test the continuity of skarn mineralization to the north and search for additional information on breccia and porphyry intercepts at depth in nearby holes. Hole AK-22-052 was drilled to 1,385.80 m before crossing the property boundary and the hole was stopped [...]
Regulus Resources is pleased to report the results from drill holes AK-22-048, AK-22-049, AK-22-050 and AK-22-051 from the AntaKori copper-gold project in Peru. The goal of holes AK-22-048 and AK-22-049 was to fill-in a gap in the drilling for an eventual resource update and obtain additional information on the higher-grade breccia mineralization encountered in nearby drill holes. Hole AK-22-050 was designed to drill [...]
Regulus Resources is pleased to announce that Ben Cherrington has joined the Company as Manager, Investor Relations. Ben Cherrington previously worked in media as a senior project director leading marketing campaigns for executives in the mining sector across the Americas and Africa with Global Business Reports (GBR). Ben graduated from the University of Leeds in the UK with a BA Honours degree and received the Economic [...]
Regulus Resources Inc. is pleased to report the results from drill hole AK-22-047 from the AntaKori copper-gold project in Peru. The goal of this drill hole was to test the continuity of skarn mineralization intercepted in holes to the east and west. In addition, the hole was drilled entirely on Colquirrumi claims, where the Company has the right to earn up to a 70% interest by completing 7,500 m of drilling . Hole [...]
Regulus Resources Inc. is pleased to report the results from drill hole AK-21-46 from the AntaKori copper-gold project in Peru. The goals of this drill hole were to expand skarn mineralization to the north of existing resources and provide a better understanding of the geometry of the high-grade breccia previously encountered at the project. Hole AK-21-46 successfully intercepted an upper zone of skarn mineralization and [...]
Regulus Resources Inc. proposes to extend the expiry date of 5,425,125 common share purchase warrants that were issued pursuant to the Company's December 27, 2019 unit offerings. The Warrants will remain exercisable into common shares of the Company at an exercise price of $1.70 per common share. The Company will seek acceptance from the TSX Venture Exchange to extend the term of the Warrants for an additional twelve [...]
Regulus Resources would like to provide an update on activities at the AntaKori project. The Company has restarted drilling activity at the Anta Norte target area of the project, with one drill rig currently on site and plans for a second rig to be added in January 2022. The objective of the initial hole is to test for extensions and additional information on the geometry of the high-grade breccia-style mineralization [...]
Regulus Resources Inc. is pleased to announce that Michael McClelland has been appointed to the Board of Directors and as Chair of the Audit Committee. Mr. McClelland is currently the Chief Financial Officer of both Augusta Gold Corp. and Titan Mining Corporation. He was formerly the Chief Financial Officer of Bisha Mining Share Company, an operating subsidiary of Nevsun Resources Ltd. He previously worked for Goldcorp [...]
Regulus Resources Inc. would like to provide an update on exploration activities at the AntaKori copper gold project. Following the temporary suspension of drilling on the Anta Norte target area of the project, the Company has been executing a work program to advance the AntaKori project that includes metallurgical test work, incorporation of new drilling into updated geologic and resource models, and field programs to [...]