Key facts
| Company | Emperor Metals (CSE: AUOZ) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Lac Pelletier
The Lac Pelletier Property comprises 25 mining claims and a mining lease covering a total area of at ~646 hectares and is located approximately 4 km southwest of the city of Rouyn-Noranda, Quebec. The Property is adjacent to and contiguous with Agnico Eagles’ advanced exploration project known as their Wasamac Gold Deposit (Measured and Indicated: 2.2 Moz @ 2.43 g/t Au and Inferred: 0.8 Moz Au @ 2.66 g/t Au). These properties share the Wasamac Shear Zone that Agnico Eagle views as good potential to host additional discoveries.
News releases11 on file
Emperor Metals Commences Updated NI 43-101 Technical Report for the Lac Pelletier Gold Project, Quebec
Work has begun on an updated NI 43-101 technical report for the Lac Pelletier Gold Project, about 4 kilometers southwest of Rouyn-Noranda, Quebec, with completion expected in the coming months. The report will integrate historical drilling, geological modelling, underground development, metallurgical, geotechnical and hydrogeological data. Emperor Metals intends to then commence a Pre-Feasibility
NewsEmperor Advances Lac Pelletier Toward Production with Submission of Updated Remediation Plan
An updated Remediation and Closure Plan for the Lac Pelletier Mine Property, 4 km southwest of Rouyn-Noranda, Quebec, has been submitted to Quebec's Ministère des Ressources naturelles et des Forêts, with approval anticipated before the end of the third quarter. The work, done with Eldorado Gold and Norda Stelo, is a step toward Emperor Metals assuming environmental responsibility for the project,
CorporateEmperor Advances Environmental Planning to Support Permitting at Lac Pelletier
Updates to the closure plan at the Lac Pelletier Mine Property, about 4 km southwest of Rouyn-Noranda, Quebec, are being advanced with Eldorado Gold and Norda Stelo, with work last month covering waste rock geochemistry and soil and groundwater quality. The updated plan is to be submitted to the MRNF by the end of March, with regulatory approval anticipated by the end of June. The project holds an
CorporateEmperor Metals Announces Closing of $10 Million LIFE Offering
A best efforts private placement closed for gross proceeds of approximately $9,943,000, comprising 14,714,999 common units at $0.20 and 25,000,000 flow-through units at $0.28, led by SCP Resource Finance LP with Canaccord Genuity Corp. Flow-through proceeds will fund Canadian exploration expenses at the Duquesne West and Lac Pelletier projects in Quebec by December 31, 2026, renounced to subscribe
FinancingEmperor Metals Announces Private Placement Increase to $10 Million
A previously announced best efforts private placement has been increased to up to $10,000,000, comprising up to 15,000,000 units at $0.20 for up to $3,000,000 and up to 25,000,000 flow-through units at $0.28 for up to $7,000,000, each with one-half warrant exercisable at $0.35 for 24 months. SCP Resource Finance LP is lead agent and sole bookrunner with Canaccord Genuity Corp., with a 15% agents'
FinancingEmperor Metals Announces $6.5 Million "Best Efforts" Private Placement
A best efforts brokered private placement for gross proceeds of up to $6,500,080 has been launched with SCP Resource Finance LP as lead agent and sole bookrunner, comprising up to 12,500,000 common units at $0.20 and up to 14,286,000 flow-through units at $0.28, each with a half warrant exercisable at $0.35 for 24 months. Agents hold a 15% upsize option and receive a 6.0% cash commission plus 6.0%
FinancingEmperor Confirms High-Grade Plunge Controls as Key to Drilling Success
Two distinct plunge orientations for gold mineralization have been identified at the Duquesne West property in Quebec's Abitibi Greenstone Belt: a main easterly-plunging zone and a newly discovered westerly-plunging high-grade zone intersected in drillhole DQ24-12 with 21.7 m of 35.2 g/t Au. A Maiden Mineral Resource Estimate is anticipated in the coming weeks. The Company also closed a financing
Drill resultsEmperor Metals Commences Gap Study at Lac Pelletier Mine
Norda Stelo of Val-d'Or, Quebec has been engaged to conduct a Gap Analysis Study for the Lac Pelletier Project near Rouyn-Noranda, Quebec, including a register of environmental permits and authorizations obtained to date and identification of additional regulatory requirements for the planned development phase. The 2022 InnovExplo NI 43-101 estimate outlines 89,400 oz Measured and Indicated (681,2
Study resultsEmperor Metals Acquires Lac Pelletier Property in Quebec
The acquisition of undersurface rights and interests in the Lac Pelletier Property, Quebec from Maritime Resources Corp. has been completed, with Emperor issuing 12,500,000 common shares to Maritime under the Property Purchase Agreement. The shares are subject to a hold period expiring July 12, 2025, and no finder's fee was paid. The property comprises 25 mining claims and a mining lease covering
AcquisitionEmperor Metals Proposes to Acquire Surface Rights to Lac Pelletier Property, Quebec
A binding purchase and sale agreement has been signed with a wholly owned subsidiary of Eldorado Gold Corporation to acquire Eldorado's surface rights to the Lac Pelletier Property near Rouyn-Noranda, Quebec, following the January 7, 2025 announcement of the undersurface rights acquisition from Maritime Resources Corp. Consideration is primarily the assumption of Eldorado's rehabilitation and rest
AcquisitionEmperor Metals Proposes to Acquire Lac Pelletier Property, Quebec
A property purchase agreement dated January 7, 2025 with Maritime Resources Corp. will see Emperor Metals acquire all of Maritime's undersurface rights in the Lac Pelletier Property, Quebec, for 12,500,000 common shares, about 10.06% of Emperor's issued shares. The property covers 25 mining claims and a mining lease over at least 558 hectares, 4 km southwest of Rouyn-Noranda, adjacent to Agnico Ea
Acquisition