Mining News Releases & Company Updates - Page 108
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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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Moore and Gervais Appointed Directors of Bullion Gold Resources
Bullion Gold Resources Corp. announced the appointments of Jean-David Moore and Luc Gervais to its Board of Directors. Both have extensive experience in the Quebec mining industry, with Gervais holding a mining engineering degree and Moore being a seasoned investor.
Ucore Secures Strategic Advantage with Louisiana Foreign Trade Zone Amid Proposed U.S. Trade Policies
Ucore Rare Metals plans to establish a rare earth refining facility in Louisiana's England Airpark Foreign Trade Zone, aiming to mitigate tariff impacts and support U.S. supply chains for critical materials, particularly in light of national security concerns.
Big Ridge Gold Corp. Enters into Destiny Option Agreement
Big Ridge Gold Corp. has signed a binding Option Agreement with Caprock Mining Corp. for the Destiny gold property in Quebec. Caprock will make cash payments, issue shares, and conduct exploration to earn 100% interest, while Big Ridge retains a 1% royalty.
Teako Minerals Receives Drill Permits for the High-Grade Copper-Cobalt-Zinc Massive Sulfide Løkken Project in Norway; Permits Granted Within Two Weeks of Application
Teako Minerals Corp. has received final permits for a winter diamond drill program at its Løkken project, focusing on high-grade copper-cobalt-zinc VMS. The program includes 19 drill holes targeting unexplored anomalies and confirming historical mineralization, to be completed by March 31, 2025.
Canterra Minerals Announces Brokered Private Placement for Gross Proceeds of up to C$3.0 Million
Canterra Minerals Corporation has engaged Red Cloud Securities Inc. as the sole agent for a private placement aiming to raise up to C$3,000,000 through the sale of units and flow-through shares, with proceeds allocated for project exploration and general corporate purposes.
Summa Silver Commences Drilling Across the Eastern Extension of the Prolific Tonopah Mining District, Nevada
Summa Silver Corp. has begun exploration drilling at the Hughes Project in Tonopah, Nevada, targeting significant silver-gold mineralization at the Ruby discovery. Up to 7,000 meters of drilling is planned to evaluate mineralization continuity and establish scale, with the project fully funded.
Kesselrun Resources to Receive $200,000 Grant from The Ontario Junior Exploration Program
Kesselrun Resources Ltd. has been awarded up to $200,000 from Ontario's Junior Exploration Program to fund geological surveys at its Huronian Gold Project. This funding will support exploration efforts, benefiting the local economy and advancing mineral discovery.
CaNickel Announces Extension of Option Agreement for Proposed Sale of the Bucko Lake Mine
CaNickel Mining Limited announces that Cobalt One Energy Corporation and Blackstone Minerals have extended their option to purchase the Bucko Lake Mine Project until January 3, 2025, amid challenges in the nickel market, highlighting its significance in green energy.
Omai Gold Drills 3.16 g/t Au over 68.7m and 4.57 g/t Au over 45.5m, Significantly Extending the Gold Zones at Wenot
Omai Gold Mines Corp. reports positive drilling results from the Wenot deposit in Guyana, revealing wide gold zones with high grades. Drilling continues into Q1 2025, aiming for an updated Mineral Resource Estimate and economic study in 2025.
Spearmint Comments on China's Ban of Critical Mineral Exports to the USA, including Antimony
Spearmint Resources Inc. comments on China's ban on antimony exports to the U.S., highlighting the need for Western nations to secure critical minerals. Antimony prices have surged, prompting Spearmint to advance their George Lake South Antimony Project in Canada.
Benz Secures Option over Strategic Ground Adjacent to Glenburgh Gold Project
Benz Mining Corp. has secured an exclusive option to acquire tenements near the Glenburgh Gold Project, expanding the area to ~898km² and adding ~20km of prospective strike. This enhances exploration potential and aligns with their strategy for growth in top mining regions.
Spark Energy Identifies Pegmatite Corridor at Its Arapaima Lithium Project in Brazil's Lithium Valley
Spark Energy Minerals Inc. reports initial exploration findings from its Arapaima Lithium project in Brazil's Lithium Valley, highlighting a 1.7km pegmatite corridor and five priority targets for lithium, based on promising geological evidence and sampling results.
First Majestic Announces Effectiveness of Registration Statement on Form F-4 and Record & Meeting Dates of Special Meeting for Gatos Silver Acquisition
First Majestic Silver Corp. announced that its F-4 registration for acquiring Gatos Silver, Inc. is effective. A special meeting for shareholders to approve the transaction is set for January 14, 2025, with details on meeting materials impacted by a Canada Post dispute.
Excellon Closes Initial Financings for Mallay Silver Mine Acquisition and Provides Update
Excellon Resources Inc. has closed a C$3.79 million financing to acquire the Mallay Silver Mine and Tres Cerros Gold-Silver Project in Peru, aiming for a return to silver production by mid-2025 and addressing legacy debts to enhance shareholder value.
Argo Acquires Saskatchewan Uranium Mineral Claims
Argo Gold Inc. is acquiring 100% interest in mineral claims in Saskatchewan's Athabasca Basin, totaling 15,962 hectares, for uranium exploration. This includes the Parker Lake claims, purchased with a 2% NSR, and Thunderbolt and ZigZag claims for $5,000 and shares.
Ucore Provides Corporate Update
Ucore Rare Metals Inc. plans to extend the term of 7,055,795 common share purchase warrants by 12 months to December 22, 2025, subject to TSX Venture Exchange approval. This is considered a related party transaction involving insider Randy Johnson.
Great Pacific Gold to Sell Reedy Creek for $1 million Cash on Closing, $3 million Cash on Milestones and 6 million Shares of Canadian Issuer
Great Pacific Gold Corp. has agreed to sell its Reedy Creek and Providence tenements in Australia to Zincore Metals for cash and shares, aiming to focus on core projects. The deal includes $1 million upfront and additional payments linked to resource estimates and production.
Zincore Announces Agreement to Acquire Strategic Australian Reedy Creek and Providence Projects Located North of Southern Cross' Sunday Creek Project
Zincore Metals Inc. has signed a share purchase agreement to acquire 100% of 1513609 B.C. Ltd., which holds interests in the Reedy Creek and Providence tenements in Victoria, Australia, pending regulatory approval. The projects show potential for gold mineralization.
Military Metals Responds to China's Export Ban on Critical Minerals
Military Metals Corp. acknowledges China's export ban on critical minerals, emphasizing the need for Western nations to secure reliable sources of these materials. The company aims to address supply chain challenges and enhance domestic resource development to ensure economic stability.
Impact Silver Intersects 16.60% Zinc over 2.5m and 27.50% Zinc over 1.1m at the Plomosas Mine
IMPACT Silver Corp. announced positive drill results from the Tres Amigos Zone at its Plomosas mine in Mexico, highlighting high-grade intersections of zinc, lead, and silver. Ongoing drilling suggests further exploration potential in the area.
Canuc Announces LOI with Macdonald Mines Exploration Inc.
Canuc Resources Corporation has signed a letter of intent to acquire all shares of Macdonald Mines Exploration Inc. for 72 million common shares. This acquisition aims to enhance Canuc's portfolio in exploration assets, pending regulatory and shareholder approvals.
Cumberland Resources Strengthens Position in High-Potential Antimony Region with New Claim Staking
Cumberland Resources Nickel Corp. has staked 30 new mining claims in Darling Township, Ontario, expanding its total holdings to over 1,400 hectares. The company aims to explore antimony, a critical mineral with rising demand and prices, leveraging the region's favorable infrastructure.
Pantera Silver Signs Definitive Agreement to Acquire Silver Exploration Assets in Bolivia
Pantera Silver Corp. has secured an agreement to acquire a 100% interest in the Rakanco Project, comprising 17,975 hectares in Bolivia, known for its silver deposits. The project aims to enhance Pantera's silver-focused portfolio and foster local collaboration.
Cabral Gold Announces Closing of First Tranche of Private Placement
Cabral Gold Inc. announced the closing of a non-brokered private placement, raising $1.52 million by issuing 6.35 million units at $0.24 each. Proceeds will fund drilling at the Cuiú Cuiú gold project in Brazil. Securities are subject to a four-month holding period.
Kingsmen Identifies Significant New Silver-Gold Drill Target on the Las Coloradas Project
Kingsmen Resources Ltd. has identified a significant silver-gold drill target named Saddle at its Las Coloradas project in Mexico. This target, located between magnetic highs, suggests potential for discovering substantial mineralization based on geophysical and geochemical analyses.
Kobrea Appoints Paul Johnston as Chief Geologist
Kobrea Exploration Corp. has appointed Paul Johnston as Chief Geologist, replacing Rory Ritchie who becomes Vice President of Exploration. Johnston, an expert in porphyry copper deposits, will lead exploration at the Western Malargüe Copper Projects.
Quest Critical Metals CEO to Speak at EU 'Raw Materials Week' 2024 in Brussels December 9th-13th 2024 Including on Results of Initial Testing of EIS Software
Quest Critical Metals Inc. will participate in the EU Raw Materials Week 2024 in Brussels, with CEO James Newall speaking on exploration challenges. The company is involved in two EU Horizon projects focused on mineral deposit identification and innovative technologies.
Compass Announces Completion of Fully Subscribed Convertible Debenture Offering
Compass Gold Corp. announced the completion of a private placement, issuing 610.5 convertible debenture units for $610,500. Proceeds will fund mineral exploration at Tarabala in Mali. Insiders purchased 30 units, exempt from certain regulations.
Gladiator Announces Closing of C$12.62M Private Placement
Gladiator Metals Corp. has closed a private placement raising C$12.63 million by issuing shares to fund exploration at its Whitehorse Copper Project, including diamond drilling. The funds will support establishing resources and advancing new copper targets.
DynaResource Reports Successful Repayment of Existing Credit Facilities and Drawdown of Expanded Revolving Credit Line
DynaResource, Inc. has successfully repaid a $4 million credit line and a $5.85 million revolving credit balance, increasing its RCL limit to $12.5 million. This move reflects strong financial management and positions the company for growth and operational efficiency.
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