Toronto, Ontario, December 21, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce the closing of the second tranche of its non-brokered private placement which was the subject of its news releases dated November 13, 2023 and December 7, 2023 (the “Placement”). The total amount raised between both placements is $1,404,450. All dollar amounts are in Canadian funds.
Flow Through
At the first tranche closing on December 20, 2020, the Company sold 6,050,000 flow-through shares (“FT Shares”) at a price of $0.075 per FT Share for aggregate proceeds of $453,750.
The proceeds from the sale of the FT Shares will be used to fund exploration programs on one or more of the Company’s exploration properties located in Quebec that will qualify as “Canadian Exploration Expenses” and once renounced, “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada). The proceeds from the flow-through offering will be used to fund exploration programs on one or more of the Company’s exploration properties located in Quebec that will qualify as “Canadian Exploration Expenses” and once renounced, “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada).
The FT Shares are subject to a four-month resale hold period which ends on April 20, 2024.
Chad Williams, Non-Executive Chairman of Blue Thunder, acquired 2,000,000 FT Shares on closing for total gross proceeds to the Company of $150,000. His participation in the Placement is a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from minority shareholder approval requirements under MI 61-101, as the fair market value of Mr. Williams’ participation in the Placement does not exceed 25% of the market capitalization of the Company.
Hard Dollar Closing
The hard dollar component of the Placement involved the sale of common shares (each a “HD Share”) at a price of $0.07 per HD Share in the first tranche closing on December 5, 2023, the Company sold 12,342,856 HD Shares for the gross proceeds of $864,000. In the second tranche closing on December 20, 2023, the Company sold an additional 1,238,572 HD Shares for additional gross proceeds of $86,700. Together, the Company sold 13,581,428 HD Shares for aggregate gross proceeds of $950,700.
The proceeds of the hard dollar component of the Private Placement will be used for further exploration of the Company’s Muus Gold Project and for general corporate purposes.
The HD Shares sold in the second tranche closing are subject to a four-month resale hold period which ends on April 20, 2024.
Finder’s Fees
Red Cloud Securities Inc. acted as a finder in connection with the Placement and received a finder’s fee consisting of $14,175 in cash, 750,000 shares of the Company, and 939,000 finder’s warrants of the Company (the “Finder’s Warrants”). 750,000 of the Finder’s Warrants are exercisable to acquire one common share of the Company at a price of $0.07 per share, and 189,000 of the Finder’s Warrants are exercisable to acquire one common share of the Company at a price of $0.075 per share on or before December 20, 2025. Red Cloud Securities Inc. and its affiliates will collectively own approximately 12.0% of the Company’s issued and outstanding common shares and approximately 15.1% on a partially diluted basis after giving effect to the Placement.
Canaccord Genuity Corp. also acted as a finder in connection with the Placement and received a finder’s fee consisting of $7,927 in cash and 107,800 finder’s warrants of the Company (the “Finder’s Warrants”). 31,500 of the Finder’s Warrants are exercisable to acquire one common share of the Company at a price of $0.07 per share, and 76,300 of the Finder’s Warrants are exercisable to acquire one common share of the Company at a price of $0.075 per share on or before December 20, 2025.
About Blue Thunder
Blue Thunder is an exploration and growth company that owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 25,250 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization and is adjacent to and on strike with IAMGOLD’s 5-million-ounce Nelligan gold project. Blue Thunder has announced that exploration of the Muus project will advance in technical collaboration with Iamgold, which owns approximately 12.5% of the Company. Field work completed during 2022 established that the northern portion of the Muus Project is also prospective for copper-gold volcanogenic massive sulphide mineralization, as well as confirming that it is prospective for high-grade gold mineralization similar to IAMGOLD’s nearby Monster Lake gold deposit.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Toronto, Ontario, December 18, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce the appointment of Robert Boisjoli as the Company’s Chief Financial Officer (CFO), effective immediately. Mr. Boisjoli, who is based in Montreal, replaces the Company’s outgoing CFO, Donna McLean.
Mr. Robert (Bob) Boisjoli is a managing director of Atwater Financial Group, a company specializing in financial reporting services for listed mining companies. He is an advisor to various public exploration companies.
Mr. Boisjoli was an investment banker with various Canadian securities firms. He is also a Board Member on CPA professional associations and various nonprofit community organizations.
Blue Thunder is also pleased to announce that it held its first technical committee meeting with IAMGOLD Corporation (“IAMGOLD”) and has begun planning its 2024 exploration program for the Muus project. The initial steps of this program will include data compilation and review of the work to date, with the expectation of defining several drill targets for testing during 2024 as well as prioritizing areas for further detailed work.
The upcoming program will focus on exploration for the follow three target types:
Dorian L. (Dusty) Nicol, CEO of Blue Thunder stated, “I want to welcome Robert Boisjoli as our new CFO. He brings a depth of experience in financial reporting and business management that will be of great benefit to our Company. I would also like to thank Donna for her commitment and many contributions to the Company and we wish her the best in her future endeavours.”
“Furthermore, after having our first technical meeting with IAMGOLD I’m now even more enthusiastic about the discovery at Muus and the benefits to our program that will ensue from the cooperation with the IAMGOLD team.”
About Blue Thunder
Blue Thunder is an exploration company that owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 25,250 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization and is adjacent to and on strike with IAMGOLD’s 5-million-ounce Nelligan gold project. Field work completed during 2022 established that the northern portion of the Muus Project is also prospective for copper-gold volcanogenic massive sulphide mineralization.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX Venture Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, December 07, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce that it has increased the size of its non-brokered private placement announced on November 13, 2023 (the “Placement”). All dollar amounts are in Canadian funds.
Hard Dollar Closing
In a first tranche closing of the Placement which took place on December 5, 2023, the Company issued a total of 12,342,856 common shares (“HD Shares”) at a price of $0.07 per HD Share for aggregate proceeds of $864,000.
The hard dollar component of the Placement has been increased from $1,000,000 to $1,100,000. Following the first tranche closing and after giving effect to this increase, 3,371,428 HD Shares for aggregate proceeds of $236,000 remain to be issued under the hard dollar component of the upsized Placement.
The proceeds of the hard dollar component of the Placement will be used for further exploration of the Company’s Muus Gold Project and for general corporate purposes.
Flow Through
The flow-through component of the Placement announced on November 13, 2023, has been increased from 3,333,333 flow-through shares (each a “FT Share”) at a price of $0.075 per FT Share for aggregate proceeds of up to $250,000 to 4,666,666 FT Shares for aggregate proceeds of $350,000. The proceeds from the flow-through component of the Placement will be used to fund exploration programs on one or more of the Company’s exploration properties located in Quebec that will qualify as “Canadian Exploration Expenses” and once renounced, “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada).
The flow-through component of the Placement and the balance of the HD component of the Placement are targeted to close on or about December 15, 2023.
The increase in the size of the HD and the flow-through components of the Placement are subject to the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blue Thunder
Blue Thunder is an exploration company that owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 25,250 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization and is adjacent to and on strike with IAMGOLD’s 5-million-ounce Nelligan gold project. Field work completed during 2022 established that the northern portion of the Muus Project is also prospective for copper-gold volcanogenic massive sulphide mineralization.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX Venture Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, December 06, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce the closing of an initial tranche of the hard dollar component of its non-brokered private placement on December 5, 2023 which was initially announced on November 13, 2023 (the “Placement”). All dollar amounts are in Canadian funds.
Dorian L. (Dusty) Nicol, CEO of Blue Thunder, commented, “We are pleased to close this component of a major and transformative transaction for the Company. We look forward to working with the IAMGOLD (“IMG”) team to advance our Muus project in Chibougamau, Quebec, which is adjacent to, and on trend with, IMG’s 5-million-ounce Nelligan Gold project. IMG’s in-depth knowledge of the district will be invaluable in advancing our exploration efforts at Muus as well as on other projects that may be acquired in due course. We also take this opportunity to congratulate IMG and Vanstar Mining on their recent announcement that IMG is acquiring Vanstar and thereby will own 100% of the Nelligan project.”
Hard Dollar Closing
Pursuant to the first tranche closing of the hard dollar component of the Placement, the Company has issued a total of 12,342,856 common shares (“HD Shares”) at a price of $0.07 per HD Share for aggregate proceeds of $864,000. The proceeds of the hard dollar component of the Private Placement will be used for further exploration of the Company’s Muus Gold Project and for general corporate purposes.
IAMGOLD acquired 7,142,857 HD Shares and now holds approximately 14.5% of the issued and outstanding common shares of Blue Thunder. As per the investor rights agreement with the Company described in the Company’s November 13, 2023, press release. IAMGOLD has the right to nominate one director to the Company’s board and to participate in future financings as long as IAMGOLD continues to hold at least 10% of the Company’s shares. IAMGOLD has agreed not to sell any of the HD Shares it purchases in the Private Placement for a period of 12 months from closing.
Chad Williams, Non-Executive Chairman of Blue Thunder, acquired 1,628,571 HD Shares on closing for total gross proceeds to the Company of $114,000. His participation in the Offering is a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from minority shareholder approval requirements under MI 61-101, as the fair market value of Mr. Williams’ participation in the Offering does not exceed 25% of the market capitalization of the Company.
The HD Shares are subject to a four-month resale hold period which ends on April 05, 2024.
Flow Through
The flow-through component of the Placement involves the sale of up to 3,333,333 flow-through shares (each a “FT Share”) at a price of $0.075 per FT Share for aggregate proceeds of up to $250,000. The proceeds from the flow-through offering will be used to fund exploration programs on one or more of the Company’s exploration properties located in Quebec that will qualify as “Canadian Exploration Expenses” and once renounced, “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada). The flow through component is targeted to close on or about December 15, 2023.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blue Thunder
Blue Thunder is an exploration company that owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 25,250 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization and is adjacent to and on strike with IAMGOLD’s 5-million-ounce Nelligan gold project. Field work completed during 2022 established that the northern portion of the Muus Project is also prospective for copper-gold volcanogenic massive sulphide mineralization.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, November 27, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) announces that its common shares will resume trading on the TSX Venture Exchange effective at the opening on Wednesday, November 29, 2023.
Dorian L. (Dusty) Nicol, CEO of Blue Thunder has been appointed as acting Corporate Secretary of Blue Thunder in addition to his position as CEO effective immediately.
About Blue Thunder
Blue Thunder is an exploration company that controls several prospective critical metals (including copper, cobalt, tungsten, gold, and tin) properties in the Yukon and one prospective lithium property in Nevada. The company also owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 23,500 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization, as it is on strike from Iamgold’s 5-million-ounce Nelligan gold project. Field work completed during 2022 established that the northern portion of the Muus Project is prospective for copper-gold volcanogenic massive sulphide mineralization.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, November 13, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) announces a renewed focus on gold exploration in Quebec with the technical and financial support of IAMGOLD Corporation (TSX: IMG; NYSE: IAG), a Canadian-based, international, gold mining company (“IAMGOLD”).
Dorian L. (Dusty) Nicol, CEO of Blue Thunder, stated, “This important technical collaboration and investment by IAMGOLD is a major milestone for Blue Thunder. We look forward to working with the IAMGOLD team to advance our Muus project in Chibougamau, Quebec, as well as other projects in Quebec that may be acquired in the future. The Muus Gold Project is adjacent to, and on trend with, IAMGOLD’s 5-million-ounce Nelligan Gold project and IAMGOLD’s in depth knowledge of the district will be invaluable in advancing our exploration efforts. As part of our renewed focus on Quebec exploration and development, we will be re-domiciling the company in Quebec.”
Advisory Committee
An advisory technical committee (the “Technical Committee”) will be formed consisting of two nominees of Blue Thunder and two nominees of IAMGOLD. The mandate of the Technical Committee will be to facilitate the exchange of technical information and ideas to assist Blue Thunder in planning the further exploration of the Muus Project and potentially other Quebec projects it may acquire in the future. The Company looks forward to receiving the benefit of IAMGOLD’s extensive knowledge of Quebec geology and mineral deposits through its participation in this advisory Technical Committee.
Strategic Investment by IAMGOLD
Blue Thunder is announcing a non-brokered private placement of common shares for gross proceeds of up to $1,000,000 (the “Private Placement”). The Private Placement consists of a minimum of $750,000 hard dollars and an up to $250,000 flow-through component. IAMGOLD will become a strategic shareholder of Blue Thunder by investing $500,000 in the hard dollar component of the Private Placement, acquiring approximately 14% of the Company’s shares on closing of the Private Placement.
Muus Project
The Muus Project comprises mineral claims totaling about 25,250 hectares of ground in the eastern part of the Archean Abitibi Greenstone Belt, located approximatively 60 kilometers southwest of the Chibougamau mining camp, which historically has produced three billion pounds of copper and four million ounces of gold. The Muus Project is underlain by several key regional geologic structures, including the Guercheville Deformation Zone and the Fancamp Deformation Zone. These structures are associated with many of the known gold deposits and occurrences in the district, including IAMGOLD’s Nelligan deposit (5 million ounces Au) and its Monster Lake deposit (about 430,000 ounces Au grading over 12 g/t Au), which occur on neighbouring properties and on-strike with Muus.
Historical exploration in the district primarily targeted structurally controlled Archean lode gold and copper systems as well as volcanic hosted massive sulfide (“VMS”) mineralization. The discovery of the Nelligan gold deposit highlights the potential for large, bulk tonnage, sediment-hosted gold deposits, as the host rocks and controlling structures at Nelligan extend onto Muus. The Muus Project hosts numerous underexplored mineralized occurrences. Work to date has comprised prospecting, trenching, ground geophysics, and limited diamond drilling, which has identified numerous targets which merit further detailed exploration. Field work completed during 2022 established that the northern portion of the Muus Project is prospective for copper-gold volcanogenic massive sulphide mineralization.
Private Placement
The hard dollar component of the Private Placement involves the sale of at least 10,714,285 common shares (each a “HD Share”) at a price of $0.07 per HD Share (“HD Issue Price”) for gross proceeds of a minimum of $750,000. The flow-through component of the Private Placement involves the sale of up to 3,333,333 flow-through shares (each a “FT Share”) at a price of $0.075 per FT Share for aggregate proceeds of up to $250,000. The proceeds from the flow-through offering will be used to fund exploration programs on one or more of the Company’s exploration properties located in Quebec that will qualify as “Canadian Exploration Expenses” and once renounced, “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada). The proceeds of the hard dollar component of the Private Placement will be used for further exploration of the Company’s Muus Gold Project and for general corporate purposes.
IAMGOLD will be investing $500,000 in the hard dollar component of the Private Placement and will hold approximately 14% of the issued and outstanding common shares of Blue Thunder upon closing of the Private Placement. IAMGOLD will enter into an investor rights agreement with the Company concurrently with the closing of the Private Placement which will entitle IAMGOLD to nominate one director to the Company’s board of directors and to participate in future financings as long as IAMGOLD continues to hold at least 10% of the Company’s shares. IAMGOLD has agreed not to sell any of the HD Shares it purchases in the Private Placement for a period of 12 months from closing.
Chad Williams, Chairman of Blue Thunder, is subscribing for 1,628,571 HD Shares and 1,146,666 FT Shares for total gross proceeds to the Company of $200,000 and will hold approximately 21% of the issued and outstanding common shares of Blue Thunder upon closing of the Private Placement. Insiders’ participation in the Private Placement constitutes a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from minority shareholder approval and formal valuation requirements of MI 61-101, as the fair market value of the insiders’ participation in the Private Placement does not exceed 25% of the market capitalization of the Company.
The closing dates for the Private Placement are expected to occur on or before November 17, 2023, for the HD shares and December 1, 2023, for the FT shares (the “Closing Dates”) and is subject to the completion of formal documentation and receipt of the approval of the TSX Venture Exchange. Other than the common shares sold to IAMGOLD, which are subject to a 12 month hold period, the HD shares and FT shares sold in the Private Placement will be subject to a four month hold period from the date of closing of the Private Placement under applicable Canadian securities laws. Finder’s fees may be payable in connection with the Private Placement.
Critical Metals Update
The Company previously announced that it was focusing its attention on critical minerals opportunities and announced that it had entered into an agreement to acquire certain critical metals properties in the Yukon (“Yukon Transaction”) (see news releases of July 11 and August 1, 2023) and announced that it had acquired rights in respect of a lithium property in Nevada (see news release of July 20, 2023). The Company subsequently determined that it is in the Company’s best interests not to pursue critical minerals opportunities, but to refocus its efforts on advancing the Muus Gold-Copper Project and potentially other properties in Quebec. The Yukon Transaction has been terminated by mutual consent of the parties. The Company is considering how the Nevada lithium project may fit with the Company’s ongoing strategy and may evaluate the potential for selling it. The Nevada lithium project is not material to the Company.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blue Thunder
Blue Thunder is an exploration company that controls several prospective critical metals (including copper, cobalt, tungsten, gold, and tin) properties in the Yukon and one prospective lithium property in Nevada. The company also owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 23,500 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization, as it is on strike from Iamgold’s 5-million-ounce Nelligan gold project. Field work completed during 2022 established that the northern portion of the Muus Project is prospective for copper-gold volcanogenic massive sulphide mineralization.
About IAMGOLD Corporation
IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. The Company is building the large-scale, long life Côté Gold project in Canada in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to commence production in early 2024. In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts in the Americas. IAMGOLD employs approximately 3,300 people and is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance (“ESG”) practices, including its commitment to Zero Harm®, in every aspect of its business. IAMGOLD is listed on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG) and is one of the companies on the Jantzi Social Index (“JSI”), a socially screened market capitalization-weighted consisting of companies which pass a set of broadly based environmental, social and governance rating criteria.
It is presently anticipated that the definitive agreement respecting the Yukon Critical Metals Transaction will be signed by August 31, 2023, and that closing will happen following a shareholders’ meeting prior to October 30, 2023. The Company will issue further news release and will file material change reports on entering into the definitive agreement and on closing the critical minerals transaction.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, August 1, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to provide further information regarding the critical metals transaction (the “Yukon Critical Metals Transaction”) announced on July 7, 2023.
The Company determined in the latter half of 2022 to acquire new mineral properties to advance its business and create value for its shareholders. The Company expected that the transaction with Analog Gold announced January 30, 2023, would be such an acquisition, but this transaction was terminated, as announced by the Company in its July 7, 2023, news release.
The Company previously considered the Yukon Critical Metals Transaction, but set this possibility aside when it agreed to do the Analog Gold transaction. When the Analog Gold transaction was terminated, the Company revisited this opportunity, which it believes is an accretive acquisition which will facilitate the Company pivoting into the critical metals space.
Dorian L. (Dusty) Nicol, the Company’s CEO, said, “We made the strategic decision to focus on critical metals because we saw a path to enhance shareholder value by making accretive acquisitions of projects with significant discovery potential. We believe that the market interest in these critical metals will be long-term and that by adding these projects to our portfolio now, as well as by looking for additional acquisition opportunities of these metals, we will be ensuring the potential for long-term growth and value enhancement for our shareholders. We will be releasing further updates in due course.”
The Yukon Critical Metals Transaction was considered by the board of directors of the Company (excluding Mr. Williams, who owns the private company which is the counterparty to the Yukon Critical Metals Transaction) and was unanimously approved by the board. Negotiations with Mr. Williams regarding the transaction were initiated by the Company. Mr. Williams was not involved in the negotiation of the Yukon Critical Metals Transaction on the Company side, and he abstained from the board vote to approve the transaction.
There are no prior valuations relating to the Yukon Critical Metals Transaction. The transaction is exempt from formal valuation under s. 5.5(b) of MI 61-101 Protection of Minority Security Holders in Special Transactions (“not listed on specified markets”). It is not exempt from the minority approval requirements of MI 61-101 – it will require approval by a majority of the Company’s disinterested shareholders at a shareholders’ meeting which will be called for this purpose.
It is presently anticipated that the definitive agreement respecting the Yukon Critical Metals Transaction will be signed by August 31, 2023, and that closing will happen following a shareholders’ meeting prior to October 30, 2023. The Company will issue further news release and will file material change reports on entering into the definitive agreement and on closing the critical minerals transaction.
About Blue Thunder
Blue Thunder is an exploration company that controls several prospective critical metals (including copper, cobalt, tungsten, gold, and tin) properties in the Yukon and one prospective lithium property in Nevada. The company also owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 51,000 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization, as it is on strike from Iamgold’s 5 million ounces Au Nelligan project. Field work completed during 2022 established that the northern portion of the Muus Project is prospective for copper-gold volcanogenic massive sulphide mineralization..
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, July 20, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder”, “Blue” or the “Company”) is pleased to announce that it has acquired a lithium exploration project in Nevada. This is a further step in Blue’s new focus on critical metals as announced in the Company’s News Release dated July 7, 2023.
The Nevada Lithium Project comprises 85 US federal mineral lode claims, covering approximately 6.8 square kilometres (1,683 acres), in Esmeralda County, Nevada. The claims are owned by GGL Resource Corp (“GGL”) through a bare trustee, Archer Cathro Geological (US) Ltd, and are part of a larger claim block that GGL is exploring for vein gold and porphyry copper-molybdenum mineralization. The Nevada Lithium claims are underlain by Quaternary alluvium which is a prospective host for lithium mineralization. The Quaternary sediments are part of a basin that locally contains thick sections of lithium enriched claystone. The closest lithium bearing drill holes are located about 3.8 km to the north on Nevada Sunrise Metals Corp’s Gemini property. Mineralization reported in drill holes on the Gemini property include 1,412 ppm lithium over 439 m, starting at 155.49 m below surface. Blue has acquired the right to explore for and develop lithium mineralization in the Quaternary alluvium in exchange for agreeing to pay the annual claim fees and a 2% NSR royalty payable to GGL in the event of future lithium production.
The Company’s CEO, Dorian L. (Dusty) Nicol said, “We are excited to moving quickly to add to our portfolio of prospective critical metals projects. This represents an exciting new direction for our company, and we look forward to announcing additional acquisitions in this space and to updating on exploration progress in due course. We are currently in advanced negotiations for additional lithium projects in Quebec, which we expect to be announcing shortly.”
About Blue Thunder
Blue Thunder is an exploration company that controls several prospective critical metals (including copper, cobalt, tungsten, gold, and tin) properties in the Yukon and one prospective lithium property in Nevada. The company also owns 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 51,000 hectares of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Muus Project is prospective for gold mineralization, as it is on strike from Iamgold’s 5 million ounces Au Nelligan project. Field work completed during 2022 established that the northern portion of the Muus Project is prospective for copper-gold volcanogenic massive sulphide mineralization.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, July 11, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) announces that the Dorian L. (Dusty) Nicol CEO, and Chad Williams Non-Executive Chairman, will be presenting a live-video webinar and Q&A on Thursday, July 13th at 1pm (Eastern Daylight Time). Those wishing to participate in this video-webinar can do so by registering with Michelle Savella at [email protected].
The Company announced on July 7, 2023, that it has signed a binding letter of intent with a company owned by Mr. Williams to acquire a property package consisting of eleven projects in the Yukon hosting highly prospective targets for copper, cobalt, tin, and tungsten. Please refer to the Company’s July 7, 2023, news release for further information about this transaction.
Dorian L. (Dusty) Nicol, the Company’s CEO, commented, “We look forward to discussing Blue Thunder’s pivot to the critical metals space during our upcoming webinar. We are very excited about the opportunities that we are generating. The Yukon property package is an excellent start. Initial work there will focus on the Batt copper-cobalt project, as it is closest to having identified drill targets. Ongoing work on our Muus property in Quebec will focus on the copper targets identified during last year’s field work. We are also in final negotiations to acquire a portfolio of lithium projects in Saint James Bay, Quebec and in Nevada, which we expect to announce shortly. These, as well as other projects we will acquire in due course, will allow us to generate shareholder value within this ever-increasingly important space of critical metals.”
About Blue Thunder
Blue Thunder is a gold exploration company that controls 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault-sets transect the Project, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious- and base metal mines in the district.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.
Toronto, Ontario – July 7, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company“) announces that the January 27, 2023 letter of intent between Blue Thunder and Analog Gold (the “Analog LOI“) has been terminated due to unanticipated logistical delays. Blue Thunder wishes to thank the Analog Board and management for their efforts in trying to consummate this transaction.
Following the termination of the Analog LOI, the Company resumed discussions respecting a potential critical metals transaction which it was formerly considering which involves the acquisition of a package of exploration properties in the Yukon Territory, and is pleased to announce that it has signed a binding letter of intent (the “Critical LOI“) respecting this transaction. The parties will replace the Critical LOI with a definitive agreement containing additional terms usual and customary for a transaction of this nature (the “Definitive Agreement“), but the Critical LOI represents a binding agreement between the parties.
The property package in the Yukon comprises eleven projects hosting highly prospective targets for copper, cobalt, tin, and tungsten. These are all metals which are characterized as “critical metals” in that their production is key to the planned increasing electrification of the global economy, and in that both Canada and United States will be seeking to assure reliable domestic supplies of these metals. The eleven projects are currently held by a private company (“Holdco“), which is wholly owned by the Company’s CEO and director Chad Williams, and is a “related party transaction” as defined in MI 61-102 and Policy 5.9 of the TSX Venture Exchange. Mr. Williams declared his interest and abstained from voting in respect of the approval of the Critical LOI.
Principal terms of the transaction are:
In addition, the Company is negotiating to acquire prospective lithium exploration projects in Nevada and in Quebec, which will be a natural complement to the Company’s focus on critical metals.
Dorian L. (Dusty) Nicol, the Company’s CEO, commented, “We are very excited to pivot toward critical metals and believe that the Yukon property package, as well as other projects we will acquire in due course, would allow us to generate shareholder value by advancing toward discovery in this ever-increasingly important space of critical metals. Meanwhile, of course, we continue to hold our highly prospective Muus property in the Chibougamau District of Quebec. Last year’s field work at Muus identified prospective copper targets in addition to the gold targets that had been the focus of precious work.”
We seek Safe Harbor.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. persons or any persons in the United States, absent (a) registration under the U.S. Securities Act and applicable U.S. state securities laws, or (b) exemptions from such registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
About Blue Thunder
Blue Thunder is a gold exploration company that controls 100% of a large land position near Chibougamau, Québec. The Muus Gold project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault-sets transect the Project, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious- and base metal mines in the district.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO & Director
For more information, please visit our website www.bluethundermining.pubco.biz, or contact Mr. Dorian L. (Dusty) Nicol, [email protected] (647) 848-1009.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including Exchange acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
View PDF Toronto, Ontario, December 21, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce the closing of the second tranche of its non-brokered private placement which was the subject of its news releases dated November 13, 2023 and December 7, 2023 (the “Placement”). The total amount […]
Blue Thunder Closes Oversubscribed Private Placement Read More »
View PDF Toronto, Ontario, December 18, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce the appointment of Robert Boisjoli as the Company’s Chief Financial Officer (CFO), effective immediately. Mr. Boisjoli, who is based in Montreal, replaces the Company’s outgoing CFO, Donna McLean. Mr. Robert (Bob) Boisjoli
View PDF Toronto, Ontario, December 07, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce that it has increased the size of its non-brokered private placement announced on November 13, 2023 (the “Placement”). All dollar amounts are in Canadian funds. Hard Dollar ClosingIn a first tranche closing
Blue Thunder Upsizes Private Placement Read More »
View PDF Toronto, Ontario, December 06, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to announce the closing of an initial tranche of the hard dollar component of its non-brokered private placement on December 5, 2023 which was initially announced on November 13, 2023 (the “Placement”). All dollar
View PDF Toronto, Ontario, November 27, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) announces that its common shares will resume trading on the TSX Venture Exchange effective at the opening on Wednesday, November 29, 2023. Dorian L. (Dusty) Nicol, CEO of Blue Thunder has been appointed as acting Corporate Secretary
Blue Thunder Announces Resumption Of Trading Of Common Shares Read More »
View / en Francais Toronto, Ontario, November 13, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) announces a renewed focus on gold exploration in Quebec with the technical and financial support of IAMGOLD Corporation (TSX: IMG; NYSE: IAG), a Canadian-based, international, gold mining company (“IAMGOLD”). Dorian L. (Dusty) Nicol, CEO
Blue Thunder Announces Important Technical Collaboration Plus Investment By IAMGOLD Read More »
View Toronto, Ontario, August 1, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) is pleased to provide further information regarding the critical metals transaction (the “Yukon Critical Metals Transaction”) announced on July 7, 2023. The Company determined in the latter half of 2022 to acquire new mineral properties to advance
Blue Thunder Mining Provides Additional Information On Yukon Critical Metals Transaction Read More »
View Toronto, Ontario, July 20, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder”, “Blue” or the “Company”) is pleased to announce that it has acquired a lithium exploration project in Nevada. This is a further step in Blue’s new focus on critical metals as announced in the Company’s News Release dated July 7,
Blue Thunder Mining Acquires Lithium Project In Nevada Read More »
View Toronto, Ontario, July 11, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company”) announces that the Dorian L. (Dusty) Nicol CEO, and Chad Williams Non-Executive Chairman, will be presenting a live-video webinar and Q&A on Thursday, July 13th at 1pm (Eastern Daylight Time). Those wishing to participate in this video-webinar can
Blue Thunder Mining to Present a Live-Video Webinar for Its Focus on Critical Metals Read More »
View This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. Toronto, Ontario – July 7, 2023 – Blue Thunder Mining Inc. (TSXV: BLUE) (“Blue Thunder” or the “Company“) announces that the January 27, 2023 letter of intent between
Blue Thunder Mining Inc. to Focus on Critical Metals Read More »
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