Mosaic Minerals Corp. is pleased to release the results of its annual general meeting of shareholders held on Tuesday, January 17, 2023 . A total of 9,359,331 common shares were represented in person or by proxy at the Meeting, representing 16% of the Company's issued and outstanding common shares. All directors nominated as listed in the information circular were re-elected, as shown in the following table below: Nominee [...]
Mosaic Minerals Corp. announces the upcoming start of a new drilling program of approximately 1,500 meters on its Gaboury nickel project, located in Témiscamingue, Quebec. According to 3D modelling, this program of four drill holes, which should begin around mid-January, aims to test different fold hinges associated with ultramafic units corresponding to a major EO magnetic anomaly of more than 8 kilometers. It will focus [...]
Mosaic Minerals Corp. is pleased to announce that it has closed a private placement , pursuant to which it issued 6,008,571 flow-through common shares of the Corporation at a price of $0.14 per flow-through share for aggregate gross proceeds of $841,200. All securities issued in respect of the Offering will be subject to a hold period of four months and a day ending April 21, 2023. The Offering is subject to final [...]
Mosaic Minerals Corp. is preparing an initial exploration program for the 2023 season to evaluate its lithium and strategic mineral projects located in Jamésie . These projects, which make up the company's lithium properties, cover nearly 20,000 hectares spread over six mining blocks, contain, according to the various data from the Quebec Ministry of Energy and Natural Resources , several geological indications favorable [...]
Mosaic Minerals Corp. announces the acquisition by map staking of 156 mining cells covering approximately 8,325 hectares composing four new exploration projects for lithium and strategic minerals. Located in Jamésie , these projects join the two other lithium projects previously staked by the Company. Mosaic now holds a portfolio of six projects focused on exploration for lithium and strategic minerals. All these projects [...]
Mosaic Minerals Corp. has acquired by map staking a 29-cell property comprising approximately 1,490 hectares east of the Adina lithium showing, in Jamesie . The Dalmas SM project is located in a favorable geological environment for strategic minerals such as lithium, nickel, copper, chromium, and cobalt. We find the presence of peridotite, pyroxenite as well as a pegmatitic granite containing beryl. According to data from [...]
Mosaic Minerals Corp. announces the acquisition by map staking of 194 mining cells with an area of approximately 10,864 hectares located approximately 40 kilometers north of Lebel-sur-Quévillon, in Jamésie . Named Lithium SM, this project was staked following the analysis of the geochemical database from the Quebec Ministry of Energy and Natural Resources . According to these data, this project accessible year-round by a [...]
Mosaic Minerals announces that it has started the drilling campaign of a minimum of 1,000 m on the 113 North property. The company's management wants to test the possible continuity of an ultramafic associated with the Fortin/Ducros showing of Québec Nickel, located approximately 300 meters south of the property boundary. A magnetic anomaly trending NNO-SSE seems associated with this showing. This, according to MERN data [...]
Mosaic Minerals announces that it intersected in hole GA-22-10 a grade of 0.23% Ni over a strike length of 120 meters. This hole is located about 200 m in western extension of hole GA-21-08. Another nickel zone grading 0.25% over 17.55 meters was also intersected in this same hole. This 1,000-meter drilling program completed in recent weeks included three holes located in the western part of the Pyke showing. Hole [...]
Mosaic Minerals announces that it has signed an agreement to acquire 100% of the interest in the Gaboury project and 113 North project from Fokus Mining Corp. Terms of the Agreement: To acquire 100% interest in the Gaboury and 113 North projects, Mosaic will issue 5,000,000 common shares of the Company to Fokus Mining Corporation. The latter will also retain a 2% net smelter royalty on both properties. Following the [...]
Mosaic Minerals announces that it has hired GoldSpot Discoveries Corp. to apply its proprietary machine learning and geoscience expertise at the Gaboury Nickel Project in Québec. Mosaic Minerals holds 6,064 ha located approximately 150 km SW of the Rouyn-Noranda mining camp and 11 km East of the former Loraine Mine. The Gaboury project is a nickel-rich ultramafic intrusive, that potentially stretches over 9 km. GoldSpot [...]
Mosaic Minerals announces that it has completed the first part of its 2022 drilling program. The objectives of this 1000-meter campaign were to test by drilling (holes GA-22-10 and GA-22-11) the western extension of the Pike Ouest nickel showing as well as hole GA-22-09 an area located between holes GA-21-07 and GA-21-08 which led to the discovery of this index in 2021. The portable XRF (X-ray fluorescence) sampler was [...]
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