11:47 AM EDT, 03/20/2025 (MT Newswires) -- Callinex Mines ( CLLXF ) , up 7.,6% on last look, on Thursday said it submitted its application for an advanced exploration permit (AEP) for the Rainbow deposit near Flin Flon, Manitoba.

The AEP will allow for a 10,000 tonne bulk sample from the Rainbow deposit and is the precursor to an environmental license, which allows for full-scale production, the company said.

"The ability to conduct metallurgical test work on a 10,000 tonne bulk sample from the Rainbow deposit represents not only a crucial advancement in our exploration efforts but also paves the way for production," said Chief Executive Max Porterfield. "We remained focused on expanding our already significant ramp accessible high-grade copper resources by aggressively testing high priority target areas which will include expanding recently acquired historic near surface copper and gold deposits at our Pine Bay Camp."

The company's shares were last seen up $0.06 to $0.85 on the TSX Venture Exchange.

Price: 0.85, Change: +0.06, Percent Change: +7.59