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 [...]
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 [...]
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