Canstar Resources Inc. today announces that all the resolutions considered at the Company's Annual General and Special Meeting held on April 15, 2025 were approved by the Company's shareholders. At the Meeting, the Company's shareholders approved the following resolutions: fixing the number of directors comprising the Company's board of directors for the ensuing year at five ; electing James Clare; Jacqueline Allison [...]
Canstar Resources Inc. executed a letter of intent with VMS Mining Corporation establishing terms for an $11.5M exploration Joint Venture , aiming to fast-track new, high-grade discoveries at the Company's polymetallic volcanogenic massive sulphide assets in Newfoundland. Canstar expects to receive $500,000 as an initial investment in the JV in April 2025 and will work with VMSC to finalize the definitive agreement in [...]
Canstar Resources Inc. announces the commencement of a geophysics program aimed at exploring new, high-grade precious and critical metals deposits within the historic Buchans mining district. The program will leverage Abitibi Geophysics' advanced DasVision 3DIP system to refine drilling targets by identifying stockwork zones and related alteration and mineralization consistent with potential Buchans-grade VMS [...]
Canstar Resources Inc. has appointed Dr. David Kilcullen to its advisory board . Dr. Kilcullen is a leading global expert in national security, geopolitics, defence technology, and the defence industrial base ecosystem, as well as a best-selling author. The appointment of Dr. Kilcullen is an important milestone in the Company's critical minerals strategy, and together with the Company's previously announced appointment to [...]
Canstar Resources Inc. has issued 8,200,000 common shares to investors following the early exercise of warrants from its January 2024 financing. The warrants had an exercise price of $0.05 and were set to expire on January 23, 2026. The early warrant exercise has resulted in total proceeds of $410,000, which Canstar plans to use for general working capital. The Company currently has 18,465,500 outstanding warrants, with [...]
Canstar Resources Inc. today announces preliminary results of a newly-acquired high-resolution airborne geophysical survey using ALS GoldSpot Discoveries Ltd.'s Multi-Parameter Airborne Acquisition System over the Company's Little River Trend mineral licenses. The LRT licenses are within the Company's district-scale gold - and antimony -bearing Golden Baie Project in the southern portion of the Central Newfoundland Gold [...]
Canstar Resources Inc. Canstar's Golden Baie Project is located 89 km southwest of the past-producing Chinese-owned Beaver Brook Antimony Mine, which hosted a 2.2-million-tonne deposit grading 3.99% Sb at 1.5% cutoff . In addition to Golden Baie's extensive gold anomalies-including over 315 bedrock samples with more than 1 g/t gold, and till samples with up to 1,049 gold grains-it also features multiple high-grade [...]
Canstar Resources Inc. . Canstar is pleased to announce membership in the University of Nevada, Reno's Tech Hub Program for critical and EV materials. Membership in the exclusive Tech Hub Program is an important milestone in the Company's critical minerals strategy, which complements its exciting gold exploration work, and includes securing government support and funding for the identification and extraction of North [...]
Canstar Resources Inc. announces that a total of 3,344,000 options to purchase common shares of the Company have been granted to officers, directors, consultants and employees of the Company in accordance with the Company's stock option plan. The Options were granted at an exercise price of $0.035 per share and expire on July 14, 2029. The Options are subject to certain vesting provisions as determined by the board of [...]
In January 2024 the Company announced a change of management concurrent with an oversubscribed private placement led by J. Paul Austin III. Following a detailed assessment of the Company's assets and strategic positioning, Canstar's new President & Chief Executive Officer, Juan Carlos Giron Jr., today announces a new geological model, priority exploration targets, and the reinitiation of district-scale exploration at [...]
Canstar Resources announces that the board of directors has appointed Paul Ténière, P.Geo., as Senior Vice President of Exploration. Paul brings over 25 years of experience and a deep understanding of the geology of Newfoundland. The board of directors has also appointed the current Chief Financial Officer and Corporate Secretary, William Upshur, to serve additionally as Executive Vice President, reflecting [...]
Canstar Resources closed the non-brokered private placement financing previously announced on Dec 27, 2023, for gross proceeds of $856,215. The Offering was oversubscribed by $121,215 and an aggregate of 26,665,500 units were sold. The lead order for the Offering came from Mr. J. Paul Austin III, who has been appointed to the Canstar board of directors. In addition, the Company announced the appointments of Mr. Juan [...]
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