Aankondiging • May 20
Peloton Minerals Corporation announced that it expects to receive CAD 4.5 million in funding Peloton Minerals Corporation announced private placement to issue 50,000,000 units at an issue price of CAD 0.09 per unit for gross proceeds of CAD 4,500,000 on May 19, 2026. The company will issue units in a series of tranches over the next two months. The first tranche is expected to be about CAD 1,000,000. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.12. The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (with the exception of Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. Aankondiging • Apr 28
Peloton Minerals Corporation, Annual General Meeting, Jun 29, 2026 Peloton Minerals Corporation, Annual General Meeting, Jun 29, 2026. New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-US$763k). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.89m). New Risk • Jan 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$763k). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$27.3m market cap, or US$19.7m). Aankondiging • Jan 02
Peloton Minerals Corporation announced that it has received CAD 1.170353 million in funding On December 31, 2025. Peloton Minerals Corporation announces that it has closed the transaction. It has issued 1.49 million units at a price of CAD 0.09 per unit for gross proceeds of CAD 134,100 New Risk • Aug 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Negative equity (-US$667k). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.8m market cap, or US$8.59m). Aankondiging • Aug 16
Peloton Minerals Corporation announced that it expects to receive CAD 0.63 million in funding PELOTON MINERALS CORPORATION announced a private placement to issue 7,000,000 units in one or more tranches at an issue price of CAD 0.09 per unit for gross proceeds of CAD 630,000 on August 15, 2025. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.12. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Senior Geologist & Independent Director Criss Capps was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 29
Peloton Minerals Corporation, Annual General Meeting, Jun 30, 2025 Peloton Minerals Corporation, Annual General Meeting, Jun 30, 2025. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Senior Geologist & Independent Director Criss Capps was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$1.1m). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.4m market cap, or US$8.83m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (12% increase in shares outstanding). Aankondiging • Nov 12
Peloton Minerals Corporation announced that it expects to receive CAD 0.25 million in funding Peloton Minerals Corporation announced a private placement of of minimum of 1,111,111 units and maximum of 2,777,777 units at an issue price of CAD 0.09 per unit for the gross proceeds of minimum of CAD 99,999.99 and maximum of CAD 249,999.93 on November 11, 2024. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$1.3m). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (CA$13.7m market cap, or US$10.1m). Aankondiging • Apr 28
Peloton Minerals Corporation, Annual General Meeting, Jun 28, 2024 Peloton Minerals Corporation, Annual General Meeting, Jun 28, 2024. Aankondiging • Jan 25
Peloton Minerals Corporation Conducts Surface Ground Truthing of Hyperspectral Data Peloton Minerals Corporation announced it continues the surface ground truthing of hyperspectral data over the project area. Peloton's 35 square kilometre ground position in northeastern Nevada is tied onto and immediately adjacent to ground controlled by Surge Battery Metals Inc. ("Surge"). In late 2022, Surge made the initial discovery of what now is believed to be a significantly large, high grade claystone lithium deposit for which Surge reports that it expects to release a maiden mineral resource this quarter (Q1 2024) just 16 months after the discovery was made. The Surge discovery was on claims next to Peloton claims that Peloton has held for many years. The 419 claims now held by Peloton is comprised of 331 new claims and 88 previously held claims, and is collectively now called the North Elko Lithium Project ("NELP") Airborne hyperspectral data that the Company holds over the entire NELP project area was re-examined in 2023 for potential lithium bearing clays (smectite, hectorite, illite, others), and showed clay outcrops of interest across the NELP project area. Initial ground truthing of the airborne hyperspectral data occurred in late 2023 with surface hyperspectral sampling corroborating the airborne survey data. Twenty-two areas were selected from the airborne hyperspectral data for field examination and sampling by a handheld spectrometer. Twenty of the areas examined returned a spectral response indicating the presence of smectite and will now undergo detailed geochemical and mineralogical analysis. Smectite and illite clays are the predominant lithium bearing minerals at Thacker Pass within the McDermitt Caldera in western Nevada which is the larger known measured and indicated lithium resource in the United States. Thacker Pass is about 200 kilometres west of the NELP. The Company plans to conduct additional ground exploration work in the first and second quarters of 2024 including geophysical surveys, continued geochemistry work and shallow packsack core drilling. The Company continues to work with IBK Capital Corp. of Toronto to source lithium exploration capital. Aankondiging • Dec 23
Peloton Minerals Corporation announced that it has received CAD 0.173205 million in funding On December 22, 2023, Peloton Minerals Corporation closed the transaction. The company issued 1,924,500 units at an issue price of CAD 0.09 per unit for gross proceeds of CAD 173,205. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.12. The company paid finder's fees CAD 13,856.40 in cash and 192,450 brokers warrants with each broker warrant exercisable at CAD 0.09 within five years to purchase additional private placement units consisting of one common share and one common share purchase warrant exercisable for five years at CAD 0.12 to IBK Capital Corp. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$950k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$950k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$3.1m). Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.98m). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Aankondiging • Jul 30
Peloton Minerals Corporation announced that it has received CAD 0.055 million in funding On July 28, 2023, Peloton Minerals Corporation closed the transaction. Aankondiging • Jul 23
Peloton Minerals Corporation announced that it expects to receive CAD 0.055 million in funding Peloton Minerals Corporation announced a non-brokered private placement of 611,111 units at an issue price of CAD 0.09 per unit for the gross proceeds of CAD 54,999.99 on July 21, 2023. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.12. The securities issued in connection with the private placement are subject to a hold period expiring four months and one day from the issuance of the securities. Aankondiging • Jun 01
Peloton Minerals Corporation announced that it has received CAD 0.1619 million in funding Peloton Minerals Corporation announced a non-brokered private placement to issue 1,798,889 units at an issue price of CAD 0.09 per unit for the gross proceeds of CAD 161,900 on May 31, 2023. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.12. The securities issued in connection with the transaction are subject to a hold period expiring four months and one day from the issuance of the securities. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Senior Geologist & Independent Director Criss Capps was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 12
Peloton Minerals Corporation Reports Audiomagnetotellurics and Induced Polarization Geophysical Surveys Are Commencing on the Company's Golden Trail Property in Elko County, Nevada Peloton Minerals Corporation reported that an Audiomagnetotellurics ("AMT") and Induced Polarization ("IP") geophysical surveys are commencing on the Company's Golden Trail Property in Elko County, Nevada, and that the surface work has been completed for a DEEPEM geophysical survey conducted at the Boulder Copper Porphyry Property near Butte, Montana. The AMT and IP geophysical surveys commencing at Golden Trail are to follow up on 2021 drilling of a series of Carlin style hydrothermal alteration anomalies first identified by an airborne hyperspectral survey. Drilling confirmed the hydrothermal alteration extended to at least a vertical depth of 195 feet, with high temperature hydrothermal alteration minerals intersected in all twelve of the drill holes as well as anomalous gold, silver (average 0.98 g/t; range 0.08 to 8.52 g/t; 420 analyses) and pathfinder elements. The hydrothermal alteration appears to be within the hanging wall of north-west striking and north-east dipping faults mapped at surface. The geophysical surveys are intended to try to image the source of the mineralizing fluids and to plan a deeper drilling program in this area. The DEEPEM geophysical survey conducted on the Boulder Property, Montana covered 10 square kilometers of the property and is intended to aid in prioritizing numerous drill targets within a large IP anomaly that, in plan, is several thousand meters in diameter and is associated with a known mineralized Cu-Mo porphyry system based on limited drilling by Anaconda and Molycorp in the late 1960's and a junior company in the early 2000's. Processing and analysis of the DEEPEM data obtained from the surface work is now underway. Aankondiging • Aug 17
Peloton Minerals Corporation announced that it has received CAD 0.280652 million in funding Peloton Minerals Corp. announced a non-brokered private placement of 5,613,038 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 280,651.90 on August 16, 2022. Each unit consists of one common share and one share purchase warrant, with each whole share purchase warrant entitling the holder to acquire an additional common share of the company at a price of CAD 0.10 per share for a period of three years. All securities issued in the transaction have a hold period expiring four months and one day from the issuance of the securities. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Senior Geologist & Director Criss Capps was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 01
Peloton Minerals Corporation Reports Substantial Progress on the Boulder Copper Porphyry Project Near Butte, Montana Peloton Minerals Corporation reported substantial progress on the Boulder Copper Porphyry Project near Butte, Montana through subsidiary Celerity Mineral Corporation. Since acquiring the Boulder Property in August 2021, Celerity's executive and technical team has worked to build the foundation to prepare and support Celerity's plan for a) extensive geophysical work in 2022; b) a public listing in 2022; and c) a 50,000 to 80,000 feet drill program in 2023. Celerity has added key directors, executives, and advisors with the necessary technical and financial experience to execute this plan. 2022 Geophysical Plan - Big Sky Geophysics of Bozeman, Montana has been retained to conduct a thorough review and assessment of considerable historical geophysical data on the Boulder Property including a Furgo DIGHEM and magnetic airborne geophysical survey, a Quantec Titan 24 IP survey and two detailed Matrix IP surveys. This review is expected to guide follow-on geophysical surveys planned for this summer. 2022 Celerity Public Listing - A draft NI 43-101 report has been prepared in anticipation of Celerity plans to file a prospectus and seek a Canadian listing as its own self-funding public company later this year. The appropriate legal counsel, auditors and transfer agent have been identified or retained. 2023 Drill Program - An initial application for drilling has been prepared and filed with the US Forestry Service with drilling proposed to start in 2023 if approved. This application mirrors a permit previously issued to a prior operator that has lapsed. The Boulder Property is located approximately 16 miles (26 km) north-northeast of Butte, Montana, home of the historic Butte mining district. The Boulder Property is also approximately 20 miles (32 km) south-southwest of the Montana Tunnels, another large-scale former base and precious metal producer. The Boulder Property is known to contain a large copper-molybdenum porphyry system within the Boulder Batholith and coeval Elkhorn Mountains Volcanics. The Butte, the Boulder Property and Montana Tunnels are all situated within a major magnetic low that occurs in the Boulder Batholith and along the axis of the Great Falls Tectonic Zone. Each property is further characterized by a more distinct magnetic low immediately to the SW of each. Aankondiging • Dec 10
Peloton Minerals Corporation announced that it has received CAD 0.456867 million in funding Peloton Minerals Corporation announced that it has issued 7,614,446 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 456,866.76 on December 9, 2021. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.10. Executive Departure • Jul 13
Independent Director Luard Manning has left the company On the 30th of June, Luard Manning's tenure as Independent Director ended after 8.4 years in the role. As of March 2021, Luard still personally held only 66.25k shares (CA$5.0k worth at the time). Luard is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 11.25 years. Aankondiging • Jun 30
Peloton Minerals Corporation Receives Drilling Permit on the Texas Canyon Project, Elko County, Nevada Peloton Minerals Corporation has received drilling permit for the Texas Canyon Project, Nevada from the US Bureau of Land Management and has posted the required reclamation bond. Texas Canyon is comprised of a 909-acre claim package located in Elko County, Nevada on the northeastern margin of the Long Canyon Gold Trend, about seven kilometers west of the Company's Golden Trail Project, and about 55 kilometers north of the Newmont-Barrick Long Canyon Joint Venture. Texas Canyon is centered on a broad zone of structurally controlled hydrothermal alteration, including decalcification and silica replacement of the limestone, localized along numerous northeast-striking high-angle veins and in bodies of clast-supported polyphase hydrothermal breccia and adjacent hydrothermal replacement zones. Silicification is common to all areas of anomalous gold mineralization and occurs within strongly altered limestone and breccia that is younger than the high angle structures that it cuts. The primary drill target is a roughly circular radiometric geophysical anomaly coincident with polyphase breccia centered on the historic Prince uranium mine and anomalous in gold, molybdenum (detection level up to 1660 ppm), and uranium mineralization (up to 7% in historic data and from detection up to 1% in recent surface sampling). Mineralization is related to subvertical bodies of hydrothermal breccia and alteration and likely along synvolcanic graben/caldera related structures. Coincident late gold-molybdenum-uranium mineralization is associated with the polyphase breccia. Two diagrams showing the area of primary drilling interest accompany this release. One diagram is a detailed geology map of the property and the second is the radiometric geophysical map and data. A yellow circle on each diagram shows the area of primary drilling interest. The Company is now permitted for drilling on all three of its Elko County, Nevada projects. With these permits in hand, the Company plans to seek a joint venture partner on two of the projects, Texas Canyon and Independence Valley, which are both permitted and drill ready. The Company plans to conduct geophysical surveys at the Golden Trail Project this summer and is also actively pursuing the acquisition of an exploration stage copper porphyry project located in the United States that the Company believes has considerable potential. Further announcements will be made as the Company proceeds on the various projects. Aankondiging • Jun 18
Peloton Minerals Corporation Drilling Confirms Hydrothermal Alteration and Mineralization Continues to Depth At the Golden Trail Project, Elko County, Nevada Peloton Minerals Corporation reported that a 2,100 foot reverse circulation (RC) twelve hole drilling program conducted earlier this year at the Company's Golden Trail Project in Elko County, NV has confirmed that a series of hydrothermal alteration anomalies identified at surface by airborne hyperspectral analyses extend to at least a vertical depth of 195 feet, with high temperature hydrothermal alteration minerals intersected in all of the drill holes as well anomalous gold, silver (average 0.98 g/t; range 0.08 to 8.52 g/t; 420 analyses) and pathfinder elements. The hydrothermal alteration appears to be within the hanging wall of north-west striking and north-east dipping faults mapped at surface. The next step will be to conduct two deep-penetrating geophysical programs to try to image the source of the mineralizing fluids and to plan a deeper drilling program in this area. The RC drilling samples were subjected to multi-element analysis as well as hyperspectral imaging to classify the minerals and mineral mixtures. Most samples contained muscovite, illite, NH4 illite, or white mica and were anomalous in gold, silver, and/or pathfinder elements (As, Cu, Sb, Pb, Sn, V, and Zn) to the depth of drilling. These minerals indicate relatively higher temperatures of epithermal hydrothermal fluids. The series of surface hydrothermal anomalies was first identified by an airborne hyperspectral survey and followed up in the field using a portable spectrometer and parallels the north-west trend of a gradient change in a gravity anomaly. This drilling confirms the anomalies extend to depth and are not limited to the surface, like a veneer. The hydrothermal alteration appears to be oriented to a series of north-west trending faults and the next step will be to conduct an Audio-frequency Magnetotellurics (AMT) geophysical imaging survey as well as an Induced Polarization (IP) geophysical survey to image the sub-surface structure and potentially image the source of the mineralizing fluids. This should enable effective planning of a deeper drill program. Aankondiging • May 05
Peloton Minerals Corporation announced that it has received CAD 0.2001 million in funding Peloton Minerals Corporation (CNSX:PMC) announced a non-brokered private placement of 2,668,000 units at a price of CAD 0.075 for the gross proceeds of CAD 200,100 on May 4, 2021. Each unit consists of one common share and one common share purchase warrant exercisable for three years at CAD 0.125. The company has paid CAD 16,008 in cash and issued 213,440 brokers warrants, with each broker warrant exercisable at CAD 0.075 within three years to purchase of one common share and one common share purchase warrant exercisable for three years at CAD 0.125. Aankondiging • Jan 28
Peloton Minerals Corporation Receives Drilling Permit for the Independence Valley Project, Nevada Peloton Minerals Corporation announced that it has received a drilling permit for the Independence Valley Project, Nevada from the US Bureau of Land Management and has posted the required reclamation bond. Peloton is presently conducting a 2,400 reverse circulation drilling program at its Golden Trail Project, Nevada, and is also preparing an application for a drilling permit on its Texas Canyon Project, Nevada. All three projects are 100% owned, Carlin-style mineral suite gold prospects located in Elko County, Nevada. Independence Valley is located on the southern extension of the Carlin Gold Trend, and also within the historical Spruce Mountain mining district which hosted many base and precious metals mines since the 1840's. The Spruce Mountain deposits are typically associated with rhyolitic and granitic intrusive rocks which intrude structural feeders. Independence Valley hosts the largest untested rhyolite dome in the Spruce Mountain Mining District. Work on the Independence Valley project to date includes detailed geologic mapping, geophysical surveys including Gravity, Magnetics and CSAMT, and one 1,140 foot hole drilled away from the rhyolite structure testing a potential down-dropped east limb of a NNW trending anti-form. That drilling encountered detectable gold mineralization over a continuous core length of 345 feet, in a fine grained hypabyssal intrusive, and in the contact zone with adjacent Paleozoic carbonate sedimentary rocks. In addition, this hole intersected hydrothermal alteration over a continuous core length of 500 feet. Geophysical modelling of Magnetic and CSAMT data has identified three structures within the rhyolite dome complex that are recommended for drill testing. Two of the three Company's projects in Nevada are now permitted for drilling and the Company is working toward permitting the third project (Texas Canyon) by the spring of 2021. Drill results from the Golden Trail program underway are expected in the first quarter of 2021. The Company's 2021 Field Program will be announced in the second quarter of 2021. Aankondiging • Dec 30
Peloton Minerals Corporation Announces Drill Mobilizing to Golden Trail Project, Elko County, Nevada Peloton Minerals Corporation announced that its drilling contractor is now mobilizing to the Company's Golden Trail Project in Elko County, Nevada ("Golden Trail") to complete a 2,400 foot reverse circulation drilling program consisting of about 12 drill holes. This program will target a series of coincident surface anomalies where geology, mineralogy, geochemistry and geophysics intersect to suggest these targets. Golden Trail is a gold exploration prospect that has a Carlin-style alteration mineral assemblage associated with anomalous gold. The prospect is 100% owned by Peloton, comprises approximately 880 acres, and is located on the NE margin of the Long Canyon Gold Trend about 80 km northeast of Wells, Nevada and about 80 km north of the Long Canyon Newmont-Barrick joint venture. A major gravity anomaly underlies Golden Trail, derived from a regional USGS survey and interpreted by the USGS to be a shallow pluton or magmatic intrusion. A more recent detailed Peloton gravity survey shows a change in gradient along the western boundary of the NW striking gravity anomaly and a series of coincident surface hydrothermal alteration anomalies
have been identified through hyperspectral airborne and surface technology and geochemical sampling. These anomalies occur in the hanging wall of NW striking and NE dipping high-angle normal faults, are high in ammonia illite and alumina illite which are often associated with Carlin-style deposits, and geochemistry shows elevated pathfinder elements and gold mineralization. Drill results are expected in the first quarter of 2021. The Company has also initiated the permitting process for its two other projects in Elko County, Nevada and hopes to have all three projects permitted for drilling by the spring of 2021. Further announcements will be made as the Company moves forward. Aankondiging • Nov 19
Peloton to Drill Coincident Anomalies at Golden Trail Project, Elko County, Nevada Peloton Minerals Corporation has completed an amendment to an existing drilling permit enabling it to drill a series of coincident anomalies identified at the Company's Golden Trail Project in Elko County, Nevada ("Golden Trail"). Twenty-four hundred (2,400) feet of reverse circulation drilling is planned for December, 2020 or about 12 drill holes. Golden Trail is a gold exploration prospect that has a Carlin-style alteration mineral assemblage associated with anomalous gold. The prospect is 100% owned by Peloton, comprises 990 acres, and is located on the NE margin of the Long Canyon Gold Trend about 80 km northeast of Wells, Nevada and about 80 km north of the Long Canyon Newmont-Barrick joint venture. A map of the property and drill target areas accompanies this release. The anomalies being drilled in this program are coincident, in that geology, mineralogy, geochemistry and geophysics
intersect to suggest these targets. A major gravity anomaly underlies Golden Trail as shown on the accompanying map. This is derived from a regional USGS survey and the gravity anomaly is interpreted by the USGS to be a shallow pluton or magmatic intrusion. A more recent detailed Peloton gravity survey shows a change in gradient along the western boundary of the NW striking gravity anomaly and a series of coincident surface hydrothermal alteration anomalies have been identified through hyperspectral airborne and surface technology and geochemical sampling. These anomalies occur in the hanging wall of NW striking and NE dipping high-angle normal faults, are high in ammonia illite and alumina illite which are often associated with Carlin-style deposits, and geochemistry shows elevated pathfinder elements and gold mineralization. Drilling will be in December, 2020 with the exact timing to be determined by the drill contractor. The Company has also initiated the permitting process for its two other projects in Elko County, Nevada and hopes to have all three projects permitted for drilling by the spring of 2021. Aankondiging • Oct 20
Peloton Minerals Corporation announced that it has received CAD 0.967597 million in funding On October 19, 2020, Peloton Minerals Corporation (CNSX:PMC) closed the transaction. The company amended the terms of the transaction and has issued 4,966,667 units for gross proceeds of CAD 372,500 in its third tranche closing. The company paid finder's fee of CAD 12,000 in cash and issued 160,000 warrants to the eligible finders. Each broker warrant will entitle the holder to purchase a common share at a price of CAD 0.075 for a period of three years. Aankondiging • Aug 22
Peloton Minerals Corporation announced that it has received CAD 0.595097 million in funding Peloton Minerals Corporation (CNSX:PMC) closed the transaction. The company received CAD 352,727 in its second and final tranche, brining the total funding received in the transaction to CAD 597,097.10. 