Mining News Releases & Company Updates - Page 105
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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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Palamina Drills 0.72 gpt Gold over 52 Metres Including 2.59 gpt Gold over 8 Metres at the Usicayos Gold Project in Peru
Palamina Corp. has completed its 2024 drill program at the Usicayos Gold Project in Peru, revealing significant gold mineralization in the Sol de Oro zone. Results highlight broad intervals of gold, including high assays of 24.6 g/t, and confirm the potential for an orogenic gold deposit.
Spearmint Makes Initial Entrance into the Crypto Space with Solana
Spearmint Resources Inc. has diversified by purchasing Solana, planning to invest 20% of its cash in this cryptocurrency for growth potential. They also acquired the George Lake South Antimony Project in New Brunswick, amid China's ban on critical mineral exports to the U.S.
EDM Provides an Update on DMS Study and Scotia Mine Advancement
EDM Resources Inc. provides a corporate update on advancing the Scotia Mine towards production, highlighting successful Dense Media Separation (DMS) trials conducted by SGS Laboratories. DMS aims to enhance mineral processing efficiency and reduce costs.
Silver Elephant Delivers 24,153 Tonnes of Paca Minerals Grading 197 g/t Silver in November 2024
Silver Elephant Mining Corp. reported mining 24,153 wet tonnes of silver oxide from its Paca project in November 2024, with a total of 261,530 tonnes mined since October 2023. The company plans to deliver up to 800,000 tonnes to Andean Precious Metals for $5-$7 million.
Riverside Resources Expands British Columbia Rare Earth Elements Property Portfolio with Taft Project Acquisition
Riverside Resources Inc. has signed an option agreement to acquire a 100% interest in the Taft Project in British Columbia, covering 3,000 hectares. This aligns with their strategy to secure critical minerals, particularly rare earth elements, to support domestic supply chains.
Hiru Corporation (HIRU) Providing Clarity on Our Strategic Growth Plans
Hiru Corporation is advancing its strategic growth plan, including a significant takeover in OTC Markets, supported by offshore investor partnerships via a Regulation S offering. The company aims for substantial revenue growth and operational expansion while addressing misinformation regarding share dilution.
Kenorland Reports Regional Exploration Results from Northwestern Ontario Projects
Kenorland Minerals Ltd. announced successful regional exploration results in Northwestern Ontario for its Flora, Western Wabigoon, Algoman, and Stormy Lake Projects. They conducted extensive till geochemical surveys, identifying multiple priority targets for future drilling.
Elemental Altus Royalties Publishes 2024 Asset Handbook
Elemental Altus Royalties Corp. published its 2024 Annual Asset Handbook, detailing its growing portfolio of over 80 royalties and significant project updates. CEO Frederick Bell highlighted expected record growth and key acquisitions in royalties and production.
Great Pacific Gold Strengthens Balance Sheet to Support 2025 Wild Dog Work Program
Great Pacific Gold Corp. announces a non-brokered private placement to raise $5 million by issuing up to 11,111,111 units at $0.45 each. Proceeds will fund drilling at the Kesar Project, Wild Dog Project initiatives, and general corporate expenses.
Military Metals Signs Definitive Agreement to Acquire the Last Chance Antimony-Gold Property in Nevada
Military Metals Corp. announced the signing of a Definitive Agreement to acquire the Last Chance antimony-gold property in Nevada. The site has historical mineral occurrences and the company plans to initiate fieldwork in Q2 2025 after staking additional claims.
New Break Signs LOI to Sell the Sundog Gold Project in Kivalliq Region, Nunavut
New Break Resources Ltd. has signed a LOI with Guardian Exploration Inc. to sell its 100% interest in the Sundog gold project and 205 drums of JetA fuel for $75,000 and 5 million shares. New Break will retain a 20% interest in Sundog, allowing it to focus on its Moray gold project.
Orecap Completes Sale of Cuprum to XXIX Metal Corp.
Orecap's portfolio company Cuprum has been acquired by XXIX Metal Corp. in an all-share deal, making XXIX a major copper developer in Eastern Canada. Orecap's ownership in XXIX increases to 15.1%, and it may adjust its shareholding in the future.
XXIX Metal Corp. Closes Strategic Acquisition of Cuprum Corp.
XXIX has acquired Cuprum and its Thierry Copper Project, rebranding as XXIX Metal Corp. This positions XXIX among Eastern Canada's largest copper developers, with significant resources in Quebec and Ontario. Trading under the new symbol "XXIX" starts December 11, 2024.
GoviEx Uranium and GoviEx Niger File Arbitration Request Against the Republic of Niger in Relation to Madaouela Project
GoviEx Uranium Inc. and its subsidiary have initiated arbitration against the Niger government for breaching the Mining Convention by revoking their mining permit for the Madaouéla uranium project, claiming violations of Nigerien law and good faith obligations.
Torex Gold Provides an Update on the Fatalities at ELG Underground
Torex Gold Resources Inc. reports a tragic incident at El Limón Guajes mine where carbon monoxide exposure led to the deaths of two employees and a contractor, with one contractor injured. The company is cooperating with authorities and has resumed operations after a brief stand down. An investigation is underway to enhance safety protocols.
Goldshore Commences Winter Exploration Program
Goldshore Resources Inc. has launched its winter exploration program at the Moss Gold Project in Ontario, including diamond drilling, sonic drilling, and geophysics, aiming to expand resources and identify new targets. CEO Michael Henrichsen expresses optimism for shareholder value growth.
Defiance Announces Results of 2024 Annual General and Special Meeting and Election of Director
Defiance Silver Corp. announced the approval of all items at its 2024 AGM, including the election of directors and auditor appointment. Shareholders voted on 81,955,531 shares. Paul A. Smith was appointed as a director post-meeting, bringing 36 years of mining experience.
Carlyle Commodities Announces Shareholder Approval of Amalgamation
Carlyle Commodities Corp. announced the approval of its amalgamation with Miramis Mining Corp. Shareholders approved the merger, allowing Miramis shares to be exchanged for Carlyle shares. This will enhance Carlyle's asset portfolio and shareholder distribution.
Kuya Silver Announces Closing of Additional Convertible Financing
Kuya Silver Corporation has closed a second tranche of a convertible financing agreement, issuing a secured convertible debenture worth CAD$436,500 and 560,595 warrants. The debenture matures in 15 months with an 8% interest rate, and is convertible into common shares.
AJN Resources Inc. Announces Online Availability of Annual General Meeting Materials and Alternative Voting Procedures for 2024 Shareholders' Meeting
AJN Resources Inc. will hold its 2024 annual general meeting virtually on December 11, 2024, at 11 a.m. PT. The meeting will cover financial statements, auditor appointments, director elections, and other business. The company is using an exemption due to Canada Post's strike affecting proxy materials.
Big Red Mining Corp. Provides Financing Update
Big Red Mining Corp. announced a private placement financing of up to 11.2 million common shares at C$0.18 each, aiming for $2.016 million, plus a Flow-Through financing of 4.8 million shares at $0.21 for $1.008 million, to fund exploration and working capital.
RJK to Extend Warrant Terms
RJK Explorations Ltd. plans to amend 900,000 outstanding warrants by extending their term to December 31, 2026, and reducing the exercise price for 590,000 from $0.25 to $0.10, pending approval from all warrant holders and the TSX Venture Exchange.
Intrepid Metals Announces Availability of Annual General and Special Meeting Materials
Intrepid Metals Corp. announces the posting of materials for its Annual General and Special Meeting on December 19, 2024, due to a postal strike. Shareholders can access documents online and request copies. Key agenda items include financial statements, director elections, and auditor appointments.
Centurion Announces Private Placement Financing
Centurion Minerals Ltd. announced a non-brokered private placement financing of up to $200,000 at $0.02 per Unit, consisting of common shares and warrants. Proceeds will fund working capital, project exploration, and corporate communications, pending TSX-V approval.
Indigo Announces Annual General Meeting Details and Proxy-Related Materials Filing
Indigo Exploration Inc. announced its Annual General Meeting on December 12, 2024, and provided proxy materials due to a postal strike exemption. Shareholders will vote on financial statements, elect directors, re-appoint auditors, and approve the Stock Option Plan.
Phenom Announces Annual General Meeting Details and Proxy-Related Materials Filing
Phenom Resources Corp. is holding its Annual General Meeting on December 12, 2024, at 10:30 a.m. in Vancouver. Shareholders can review proxy materials and vote on key issues, including financial statements, director elections, and auditor reappointment.
Bravada Receives Approval to Extend Private Placement Closing
Bravada Gold Corporation has received TSX Venture Exchange approval for an extension until December 31, 2024, to complete a non-brokered private placement of up to 10 million units at $0.035 each, aiming for $350,000 in gross proceeds. The release also highlights the East Walker Project's potential for high-grade gold and silver exploration.
Equity Metals to Acquire 100% of the Arlington Gold Property
Equity Metals Corporation has received TSX Venture Exchange approval for a deal with Origen Resources to earn a 100% interest in the Arlington Property in British Columbia. The agreement involves payments, share issuances, and exploration commitments over the next year.
Metal Energy Upsizes Private Placement
Metal Energy Corp. has increased its non-brokered private placement offering to $1,000,000 due to high investor demand. The offering includes units at $0.04 and flow-through units at $0.05, each with associated warrants, subject to resale restrictions.
Sonoran Desert Copper Corporation Chromite Deposit Acquisition in Bahia, Brazil
Sonoran Desert Copper Corporation has signed a Letter of Intent to acquire a 100% interest in the Bahia Chromite Project in Brazil, previously developed under permits but stalled due to environmental licensing issues. The acquisition follows validation of historical research and environmental assessments.
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