Arras Minerals Corp. is pleased to announce that it has closed its previously announced brokered and non-brokered private placements . A total of 18,941,177 common shares were issued at a price of $0.85 per Share , for aggregate gross proceeds of approximately C$16.1 million . The Offering was oversubscribed with key participation from both new and existing shareholders, including Teck Resources Ltd. . The brokered [...]
Arras Minerals is pleased to announce that it has entered into an agreement with Haywood Securities, on behalf of a syndicate of agents, who have agreed to sell, on a commercially reasonable efforts private placement basis, up to 15,295,000 common shares of the Company at a price of C$0.85 per Share, for aggregate gross proceeds of up to C$13,000,750. In addition, the Company intends to complete a concurrent non-brokered [...]
Arras Minerals is pleased to announce that further to the Company's news release on February 12, 2025 whereby the Company announced that it elected to exercise its right under the terms of certain common share purchase warrants issued on June 6, 2024 to accelerate the expiry date of the Warrants, all 10,134,332 Warrants have been exercised by the holders. This has brought in gross proceeds of C$4,053,733 to the Company [...]
Arras Minerals is pleased to provide an update on the ongoing exploration program across 1,736 square km of licenses that form the Arras-Teck Resources Strategic Alliance. The Company is working with contractors to finalize contracts to initiate geophysical and drilling programs expected to commence in the second quarter. Highlights for the 2025 Arras-Teck Strategic Alliance Program Multiple copper and copper-gold drill [...]
Arras Minerals is pleased to announce that it has elected to exercise its right under the terms of certain common share purchase warrants of the Company issued on June 6, 2024 to accelerate the expiry date of the Warrants. Pursuant to the terms of such Warrants, the Company may accelerate the expiry of the Warrants in the event the volume weighted average trading price of the common shares of the Company on the TSX [...]
Arras Minerals Corp. is pleased to announce the results from the final five holes from its initial "Phase 1" drill program targeting the 8.8 kilometre long Berezski target located on its Elemes project in Northeast Kazakhstan. The first 11 holes of the Phase 1 drill program encountered thick intercepts of widespread copper-gold and gold porphyry and/or epithermal-style mineralization. The Elemes project is in the [...]
Arras Minerals Corp. is pleased to announce additional drill results from its initial drill program on its Elemes project in Northeast Kazakhstan. Drilling has intersected wide zones of near surface gold mineralization at the Berezski East Target, and several gold-bearing veins at the K-Ozek Target adjacent to the porphyry-style copper-gold mineralization intersected at the Bereszki Central Target reported by the company [...]
Arras Minerals Corp. is pleased to provide initial results for the first 3 drillholes from the initial drill program on its Elemes project in Northeast Kazakhstan. All three holes were drilled at the Bereszki Central target and all holes intersected porphyry-style copper-gold mineralization starting from the surface. The Berezski Central target is located on the south part of the >8km long soil copper, molybdenum, arsenic [...]
Arras Minerals Corp. is pleased to provide an update on its ongoing core drilling program at the Elemes Project. The program, which began in September, remains on schedule and is expected to conclude by the end of December. The current Phase 1 core drilling program, totaling approximately 4,000 metres of diamond drilling, has primarily targeted key areas at Berezski Central, Berezski East, Q-Gorka, and K-Ozek. These [...]
Arras Minerals Corp. is pleased to provide an update on the ongoing exploration program across 1,736 sq km of licenses that form the Arras-Teck Resources Ltd. Strategic Exploration Alliance. Highlights from the 2024 Exploration Program Multiple new copper & copper-gold drill targets identified from extensive field program, that included: Collection of 35,122 soil samples taken across Package "A" and Package "B" areas with [...]
Arras Minerals Corp. is pleased to announce that its has commenced two Vector Array Induced Polarization surveys, covering a total of 178 square kilometers over the Aktasty and Maisor exploration targets defined by recent soil sampling programs. These targets are located within its Bozshakol Group of licenses that form part of the Arras-Teck Resources Ltd. Strategic Exploration Alliance announced on December 7, 2023 [...]
Arras Minerals Corp. is pleased to announce that it has completed its top of bedrock drill program to explore the Maisor and Aktasty exploration targets defined by the 2023 soil sampling programs. These targets are located within its Bozshakol Group of licenses that form part of the Arras-Teck Resources Ltd. Strategic Exploration Alliance announced on December 7, 2023, surrounding the operating Bozshakol Mine, operated by [...]