Mining News Releases & Company Updates - Page 103
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Honey Badger Silver Announces Closing of First Tranche of Non-Brokered Private Placement Raising Gross Proceeds of Approximately $2.013 Million
Honey Badger Silver raised $2.013M via private placements to fund exploration in Canada’s northern territories.
Dios Sells K2 to Azimut
Dios explores gold at its Heberto-Gold project; sells K2 property to Azimut for cash and shares, retaining a royalty. Focus on discovering a world-class gold deposit.
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Excellon Announces Appointment of Mike Hoffman to Board of Directors and Provides Corporate Update
Excellon Resources appoints mining veteran Mike Hoffman to its Board to enhance governance and support growth and production strategies.
Arya Resources Ltd. Engages CHF Capital Markets Inc.
Arya Resources partners with CHF Capital Markets for 12 months to boost investor relations, marketing, and capital markets advisory, with an option for share purchase.
Nevada Organic Phosphate Announces Stock Option Grant and Compensation Shares Issuance
Nevada Organic Phosphate granted stock options and issued shares as bonuses, including a related party transaction, to key personnel.
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Christmas in the Jungle: Founders Metals Hits 36.0 m of 2.21 g/t Gold & 67.0 m of 1.26 g/t Gold from Surface in New Da Vinci Discovery
Founders Metals Inc. announced promising gold assay results from the newly discovered Da Vinci prospect at the Antino Gold Project in Suriname, confirming significant gold mineralization in the first five drill holes. The company plans to expand drilling to twelve holes, with more results anticipated in early 2025.
Altamira Gold Defines New, High-Ranking Gold Target (Guillermo) with Surface Grab Sample of 39g/t Gold, within the Cajueiro District
Altamira Gold Corp. announced the discovery of a new gold target, Guillermo, in the Cajueiro district, identified through geological mapping and sampling. This new target, which shows promising gold mineralization, brings the total new targets to three in the area.
Canterra Minerals Anticipates Receiving up to C$3.5 Million in Funding on a Non-Brokered Basis and No Longer Pursues Previously Announced Brokered Offering
Canterra Minerals Corporation announces a non-brokered private placement to raise up to C$3.5 million through Units at C$0.10 and Flow-Through Shares at C$0.12. Proceeds will fund exploration in Newfoundland and general corporate purposes.
Maritime Begins Crushing at the Pine Cove Mill and Provides Update on Restart Activities
Maritime Resources Corp. has begun crushing mineralized stockpiles at its Pine Cove gold processing facility in Newfoundland, aiming for a mill re-commissioning in January 2025. The facility has been on care and maintenance since March 2023, and the process will utilize 85,000-115,000 tonnes of material grading 1.1 grams per tonne gold.
ATEX Announces Results of Second Metallurgical Program Further Demonstrating Outstanding Recoveries for Copper and Gold at Valeriano, Phase V Drill Program Underway with Fourth Rig Being Mobilized
ATEX Resources Inc. announced positive results from its second metallurgical program at the Valeriano Project in Chile, showing strong copper and gold recoveries, effective grinding methods, and potential for a marketable molybdenum concentrate.
Omai Gold Commences Diamond Drilling on Gilt Creek Deposit in Guyana
Omai Gold Mines Corp. has begun drilling at the Gilt Creek gold deposit in Guyana to expand its mineral resource estimate and support future economic studies. The integration of Gilt Creek with the Wenot open pit deposit aims to enhance production and mine life.
Dakota Gold Intersects 2.22 grams per tonne gold over 50 meters at Richmond Hill in Drill Program to Expand Resource
Dakota Gold Corp. announced final results from a drill program at the Richmond Hill Gold Project, indicating potential resource growth with higher-grade mineralization. The updated S-K 1300 resource assessment is expected in Q1 2025, building on previously reported findings.
Ophir Drills 53.2 m of 1.22% Li2O Including 22.3 m of 1.70% Li2O at the HW1 Spodumene Pegmatite, Pilipas Property, Quebec
Ophir Metals Corp. reports successful drill results from the Pilipas Lithium Property, revealing significant lithium mineralization and gold potential. Drill holes expanded the HW1 Spodumene Pegmatite by 150 m, with impressive widths and grades, guiding future exploration efforts.
Nexus Announces Signing of Contractors for Winter Drill Program
Nexus Uranium Corp. announced the completion of contracts for its winter drill program at the Cree East uranium project, marking a key milestone. Drilling is set to begin in January 2025, with contracts awarded to Athabasca Catering and Cyr Drilling.
Scorpio Gold Drills 1.69 g/t Gold over 55.7 Metres at the Manhattan District, Nevada
Scorpio Gold Corp. reports promising results from its 2024 drilling campaign at the Manhattan District Project, with Hole 24MN-009 returning 1.69 g/t gold over 55.7 m, indicating significant open-pit potential and expansion opportunities in the Goldwedge Underground Stope Trend.
Bonterra Announces Additional Assay Results from Moss Target and Restart of Drilling by Gold Fields at Phoenix JV
Bonterra Resources Inc. announced new assay results from the Moss target and the restart of drilling at the Phoenix JV, now operated by Gold Fields. Under a joint venture agreement, Gold Fields can acquire a 70% interest by spending C$30 million, with a focus on exploring the region for gold.
First Majestic Announces Mailing of Materials for Special Meeting
First Majestic Silver Corp. is mailing materials for a Special Meeting on January 14, 2025, to seek shareholder approval for issuing 190 million common shares to Gatos Silver, Inc. The company is using an eco-friendly delivery method to reduce paper usage.
Goldmoney Inc. Announces Property Acquisition
Goldmoney Inc. announces its subsidiary Goldmoney Properties Ltd. has acquired the 'Clarendon Quarter' portfolio in Oxford for approximately £29.5 million. The acquisition includes mixed-use buildings and plans for redevelopment, with current rental income declining.
Enduro Metals Announces Availability of Annual General and Special Meeting Materials and Alternative Voting Procedures
Enduro Metals Corporation announces reliance on an exemption due to postal service delays from a nationwide strike, for its December 13, 2024, annual meeting. Shareholders will vote on financial statements, director re-elections, auditor appointment, and an equity plan.
ONGold Announces Private Placement
ONGold Resources Ltd. plans a non-brokered flow-through private placement offering to raise up to $3 million by issuing up to 4.6 million shares at $0.65 each, aimed at funding exploration in Manitoba and Ontario, with a closing date set for December 19, 2024.
Auric Minerals Corp. Successfully Completes Exploration Work at its Goodeye Property in British Columbia, Canada; Announces No Material Changes
Auric Minerals Corp. announced the successful completion of its 2024 exploration program at the Goodeye Property in British Columbia, involving ground geophysical surveys, soil and stream sediment sampling, and rock sampling, despite challenging winter conditions.
CDN Maverick Provides Corporate Update, Property Payment Amendment, AGM Results
CDN Maverick Capital Corp. has successfully renegotiated its agreement for the Nevasca Lithium property, increasing its stake in NOA Lithium Brines Inc. Amidst a significant lithium price drop, the company aims to enhance its portfolio and capitalize on market recovery opportunities.
Exploits Announces Results of Annual General Meeting
Exploits Discovery Corp. announced the results of its Annual General Meeting, re-electing directors and re-appointing its auditor. Key officers were also re-appointed. The company focuses on mineral exploration in Newfoundland and Labrador, Canada.
AuMEGA Metals Closes the Second Tranche of Private Placement Financing
AuMEGA Metals Ltd announced the successful closing of its Tranche Two Placement, raising C$7.3 million by issuing 128 million shares. This follows a prior tranche raising C$8.77 million. Some directors participated, exempt from certain regulations under MI 61-101.
Masivo Silver Completes Drilling Hole Number 7 in Nevada
Masivo Silver Corp. has completed drilling hole No. 7 at the Boston Mine, targeting historical IP anomalies linked to sulfide mineralization. Initial results from hole No. 1 are promising, and the company plans a phase II drilling campaign for 2025, pending assay results.
Borealis Mining Announces Acquisition of Gold Bull Resources
Borealis Mining Company will acquire Gold Bull Resources in a definitive agreement, adding a valuable Nevada gold project to its portfolio. The deal offers Gold Bull shareholders a premium and aims to enhance Borealis' production profile while lowering risks and costs.
Borealis Mining Announces Acquisition of Gold Bull Resources
Borealis Mining Company will acquire Gold Bull Resources in a deal signed on December 9, 2024, enhancing Borealis' gold production with a high-margin Nevada project. The acquisition offers significant premiums for Gold Bull shareholders and leverages existing infrastructure.
Dundee Sustainable Technologies and ESGold Corp. Collaborate to Test Montauban Tailings Using Revolutionary CLEVR Process
ESGold Corp. partners with Dundee Sustainable Technologies to test a non-cyanide gold extraction process at the Montauban Project. This initiative aims to enhance sustainable mining, reduce costs, and improve profitability, marking a significant step in clean mining innovation.
Argo's October 2024 Oil Production and Update
Argo Gold Inc. reported October 2024 oil production of 3,651 barrels, averaging 118 barrels per day, with revenues of $258,369. Production issues at Lloyd 2 led to its shutdown, while Lindbergh 3 began production. Plans for a partial re-drill in January 2025 are anticipated.
Bayhorse Silver Underground Drilling Underway at the Bayhorse Silver Mine, CEO Discusses Bayhorse Concentrate Antimony Content
Bayhorse Silver Inc. is conducting underground diamond drilling at its silver/copper/antimony mine in Oregon, targeting a significant low-resistivity anomaly. The drilling aims to explore the mineralization, which includes critical antimony, amid rising prices due to export bans from China.
Great Atlantic Resumes 2024 Diamond Drilling Program at Jaclyn Main Zone, 100% Owned Golden Promise Gold Property - Central Newfoundland
Great Atlantic Resources Corp. announced that its subsidiary, Golden Promise Mines Inc., has resumed its 2024 diamond drilling program at the Golden Promise Gold Property in Newfoundland, partnering with Novamera Inc. The program aims to gather data on the gold-bearing Jaclyn Main Zone using Novamera's Guidance Tool, with initial results showing high-grade gold intersections.
Central Puerto 3Q24 Earnings Release
Central Puerto S.A. reports its Q3 2024 financial results, highlighting the impact of inflation adjustments per IAS 29. A conference call is scheduled for November 11, 2024. Financial data includes conversion to U.S. dollars for comparative purposes, noting potential discrepancies.
Central Puerto and IFC Drive the Development of the First Power Line to Boost Sustainable Mining in Argentina
Central Puerto and the IFC have signed an agreement to conduct feasibility studies for a new electricity transmission line in northwestern Argentina, aimed at supplying renewable energy to mining companies. The project, with a $600 million investment, will enhance energy reliability and support sustainable mining.
Homerun Resources Inc. University of California - Davis Immediate Strategy for Scalable Unitized Block Commercial Plant Design
Homerun Resources Inc. is increasing its investment in a research partnership with UC-Davis due to high demand for silica sand. This funding will enhance material research for developing a scalable, eco-friendly commercial plant design, focusing on zero-waste and zero-emissions processes.
Mason Resources Inc. Provides Update on Its 2024 Annual General Meeting Materials amid Canada Post Strike
Mason Resources Inc. informs shareholders of potential delays in receiving the management information circular due to a postal strike in Canada. Shareholders can access materials online, request email copies, and must vote by proxy by December 17, 2024, for the upcoming meeting.
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