Peloton Minerals has closed the first tranche of a non-brokered private placement financing previously announced as planned on August 15, 2025. The total proceeds received were $902,749.77, which is oversubscribed from the originally planned $630,000, and a second and final tranche is expected to close in about one week. The financing was priced at CDN$0.09 per unit with each unit consisting of one common share and one [...]
Peloton Minerals intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of up to $630,000 in one or more tranches over the next weeks. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and working capital. The Private Placement [...]
Peloton Minerals reports that in addition to lithium-bearing minerals, X-Ray Diffraction analyses have shown the presence of additional critical and rare-earth minerals at surface on the Company's 100% owned North Elko Lithium Project. XRD analysis has been completed on a total of 1046 samples taken across the surface of the 37 square kilometer property including samples from soils and outcrops. Notable critical element [...]
Peloton Minerals will modify the expiry time of certain outstanding warrants of the Company as follows: 5,613,038 warrants exercisable at a price of CDN$0.10 until 5:00 pm on August 16, 2025 will be exercisable until 5:00 pm on August 16, 2027. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton Minerals is a reporting issuer in good standing in the Provinces of British [...]
Peloton Minerals has received approval from the US Bureau of Land Management for two drilling permits within the boundaries of the 442-mineral claim, 37 square kilometer or 14.25 square mile, North Elko Lithium Project. A total of 24 drill pads are approved under the permits, and additional drill pads could be added, subject to approval by BLM. One drilling permit covers the eastern part of NELP and the second permit is [...]
Peloton Minerals Corp. has received a preliminary geophysical report on the North Elko Lithium Project which shows an underlying layer, interpreted as clay-rich, across almost the entire 37 square kilometer property. This report concludes 18 months of systematically conducted exploration, the results of which greatly encourage drill testing for the potential discovery of a district-scale lithium clay deposit at NELP [...]
Peloton Minerals Corp. is pleased to announce that it has staked and filed for recording an additional 90 mineral claims at its 100% owned North Elko Lithium Project located in north-eastern Nevada and immediately adjacent to property owned by Surge Battery Metals Inc. , which has discovered a significant lithium deposit beside NELP. The surface data collection portion of a tTEM geophysical survey was also completed in [...]
Peloton Minerals has closed the first tranche of a private placement financing in the amount of CDN$130,400.01 for this tranche, consisting of 1,448,889 units priced at CDN$0.09 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The Company will pay fees equal to eight percent of the funds raised and issue ten percent of the units issued in the form [...]
Peloton Minerals Corp. is pleased to announce signing a contract with BGC Engineering of Calgary, Alberta, to conduct geophysical surveys over the North Elko Lithium Project intended to define the depth and thickness of potential lithium bearing clay layers thought to exist under portions of NELP. BGC Engineering is an international consulting firm that provides professional services in applied earth sciences. Peloton has [...]
Peloton Minerals intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of between $100,000 and $250,000 for lithium exploration in northern Nevada and working capital. The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders contained in OSC [...]
Peloton Minerals Corp. has granted a total of 600,000 incentive stock options to consultants of the Company. The options are exercisable over three years at an exercise price of $0.09. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton is a reporting issuer in good standing in the Provinces of Ontario and British Columbia whose common shares are listed on the CSE and trade [...]
Peloton Minerals will modify the expiry time of certain outstanding warrants of the Company as follows: 7,614,446 warrants exercisable at a price of CDN$0.10 until 5:00 pm on December 10, 2024 will be exercisable until 5:00 pm on December 10, 2026. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces [...]
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