Canstar Resources Inc. has closed the non-brokered private placement originally announced on September 23, 2025. The Offering raised total gross proceeds of $1,169,970.54, with $1.15 million attributable to non-flow-through units. The hard-dollar financing was oversubscribed and was comprised almost entirely of institutional investors, reflecting strong demand for quality exploration exposure in Newfoundland. Including [...]
Canstar Resources Inc. reports that the 2025 trenching program at Canstar's Mary March project, located in Newfoundland's historic Buchans Mining District, has advanced to the final stages. Trenching exposed more than 20 metres of footwall mineralization, containing thin lenses of high-grade base metal mineralization in bedrock. Identification of copper-, lead- and zinc-rich zones is encouraging as they potentially [...]
Canstar Resources Inc. completed its early warrant exercise incentive program , as originally described in the Company's press release dated August 25, 2025, with 100% of its outstanding warrants exercised . Under the Incentive Program, a total of 10,357,369 common shares of the Company were issued upon the exercise of 10,357,369 previously outstanding common share purchase warrants, resulting in aggregate gross proceeds [...]
Canstar Resources Inc. is pleased to provide an update on its recently announced non-brokered private placement and advise stakeholders of updates to the Company's website and corporate email addresses. Financing Update The $2 million Offering, announced September 23, 2025, has received strong support from investors. Within one day of launch, the Company has received firm orders of over $1 million for the hard-dollar [...]
Canstar Resources Inc. announces a non-brokered private placement to raise gross proceeds of up to $2,000,000, through the issuance of flow-through units and non-flow-through units . Each NFT Unit will be issued at a price of $0.065 and will consist of one common share in the capital of the Company and one transferable common share purchase warrant . Each Warrant will entitle the holder thereof to acquire one additional [...]
Canstar Resources Inc.[/wp] reports that field work at the Mary March Project in central Newfoundland is accelerating, with a trenching program underway to investigate newly defined induced-polarization chargeability trends, including an untested ~1.2 km long anomaly generated from the Company's geophysics compilation and located 550 metres north of the historic discovery area. Trench excavation began in early September and [...]
Canstar Resources Inc. announces a warrant exercise incentive program relating to 10,357,369 outstanding common share purchase warrants . The Eligible Warrants were issued in connection with a private placement that closed on January 23, 2024, and are exercisable to acquire one common share of the Company at a price of $0.05 per share until January 23, 2026. The Incentive Program is designed to encourage the early [...]
Canstar Resources Inc. reports that a rigorous historical core mapping program led by Dr. Harold Gibson and Dr. Rodney Allen has been initiated at Canstar's Mary March Project, located in central Newfoundland, 20 kilometres east of the former producing Buchans Mine. Under the $11.5M joint venture with VMS Mining Corporation , this core mapping will form the backbone of a systematic "geology forward" strategy to define the [...]
Canstar Resources Inc. has appointed Dr. Stephen J. Piercey, P.Geo., FGC to its Technical & Advisory Board. Dr. Piercey's recognized expertise in volcanogenic massive sulphide mineralization-particularly within the Newfoundland Appalachians-will be a significant asset to Canstar's expanding exploration programs and its recently announced $11.5 million strategic joint venture with VMS Mining Corporation . Dr. Piercey will [...]
Canstar Resources Inc. has executed a letter of intent for a strategic exploration partnership with TerraAI, an artificial intelligence company backed by Khosla Ventures, to deploy AI in support of Canstar's $11.5 million exploration JV at its Buchans and Mary March projects in central Newfoundland. "AI is transforming the world, and it holds the same potential to transform mineral exploration," said Juan Carlos Giron [...]
Canstar Resources Inc. is ramping up critical metals exploration in Newfoundland with the receipt of the initial $500,000 tranche of its previously announced $11.5M strategic exploration joint venture with VMS Mining Corporation . The non-dilutive investment positions Canstar to aggressively pursue the discovery of new, high-grade polymetallic mineralization at its Buchans and Mary March volcanogenic massive sulphide [...]
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 [...]