Mining Intelligence Articles & Market Analysis - Page 109
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Argyle Announces Renewal with Euro Digital Media
Argyle Resources extends a marketing deal with Euro Digital Media for one month, paying $500K, to promote its mineral exploration projects in North America.
Vizsla Royalties Announces Completion of Payment of Acquisition and Amendment to Compensation Plan
Vizsla Royalties completes a royalty acquisition in Mexico and amends its equity plan, doubling potential issuances, and grants stock options and RSUs to align staff with growth.
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ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update
ONGold filed a NI 43-101 technical report on Monument Bay Gold Project, detailing historical mineral resources, extensive drilling, and exploration potential in Manitoba.
District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden
District Metals filed a NI 43-101 report updating mineral resources at its Viken Project in Sweden, highlighting indicated and inferred resources for various minerals.
Kenorland Closes Atlantic Project Acquisition and Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals acquired 31,052 hectares of mineral claims in New Brunswick's Atlantic Project, enhancing its exploration portfolio for gold, polymetallic deposits, and other minerals.
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PowerStone Metals Announces Definitive Agreement for Amalgamation with Libra Lithium
PowerStone Metals Corp. has executed a definitive agreement to acquire Libra Lithium Corp. through a three-cornered amalgamation, constituting a "Fundamental Change." The deal includes a share consolidation and a name change to "Libra Energy Materials Inc."
Edison Lithium Receives Initial Deposit for Sale of Interest in Argentinian Lithium Properties
Edison Lithium Corp. announced the receipt of a $100,000 deposit from Mava Gasoil LLC as part of a $3.5 million deal to sell its Argentina subsidiary, Resource Ventures S.A. The transaction is pending final documentation and TSXV approval, expected to complete by February 2025.
Manganese X Energy Corp. Announces $2.1 Million Private Placement Including $2 Million Investment by Eric Sprott
Manganese X Energy Corp plans a non-brokered private placement offering of up to 60 million subscription receipts to raise $2.1 million, with Eric Sprott investing $2 million. Proceeds will fund the Battery Hill project and general working capital, pending shareholder and exchange approvals.
Lode Gold Closes $350,000 Financing
Lode Gold Resources Inc. has closed a $350,000 financing, issuing 1,944,444 units at $0.18 each, consisting of a share and a warrant. The company operates in Canada and the U.S., focusing on gold exploration in key mining regions.
Medaro Announces Shares for Debt Transaction
Medaro Mining Corp. has settled $297,682 in debt by issuing 3,166,826 shares at $0.094 each to creditors, improving its financial standing. The company, based in Vancouver, holds multiple lithium and uranium properties and is developing a lithium extraction process.
Newpath Announces Closing of Flow-Through Financing
Newpath Resources Inc. completed a non-brokered private placement, issuing 1,538,461 flow-through shares for $50,000 to fund exploration activities. CEO Alexander McAulay participated in the offering, which is considered a related-party transaction under Canadian securities laws.
Sanatana Announces Secured Promissory Note and Provides Notice of Exercise to Acquire a 60% Undivided Interest in the Oweegee Dome Porphyry Copper-Gold Project, Located in BC's Golden Triangle
Sanatana Resources Inc. has secured a $200,000 loan from an arm's length lender at 10% interest, due monthly, to finalize a 60% interest acquisition in the Oweegee Dome Project from ArcWest Exploration. The loan matures on December 31, 2025.
Radio Fuels Files Management Information Circular for Meeting of Shareholders to Approve Business Combination with Palisades
Radio Fuels Energy Corp. has filed materials for its January 30, 2025, shareholder meeting to approve a business combination with Palisades Goldcorp Ltd., where Palisades will acquire Radio Fuels. The merger aims to create a resource-focused investment company.
Caprock Announces Closing of Private Placement and Completes Issuance of First Tranche of Shares Pursuant to Destiny Gold Project Option Agreement
Caprock Mining Corp. has raised $292,125 from hard dollar units and $115,000 from flow-through units. The company issued 8 million shares to Big Ridge Gold under an option agreement for the Destiny gold project, with plans for a resource estimate update in Q1 2025.
Andean Precious Metals Provides Update on Master Services Agreement Dispute with Silver Elephant
Andean Precious Metals Corp. disputes allegations of default by Silver Elephant Mining Corp. regarding a Master Services Agreement, claiming wrongful termination and unmet obligations by Silver Elephant. Andean is seeking legal counsel and sourcing alternative suppliers.
Snow Lake Secures Funding to Drive Exploration, Strategic Acquisitions, and Investments in Clean Energy and Next Gen Minerals
Snow Lake Resources Ltd. announces it has raised over $20M to fund aggressive exploration and acquisitions in clean energy minerals. Key projects include uranium exploration at Engo Valley and Black Lake, along with updates on the Snow Lake Lithium™ Project.
Snow Lake Announces Closing of Public Offering for Gross Proceeds of US$15 Million
Snow Lake Resources Ltd. closed a public offering of 18.75 million shares at $0.80 each, raising approximately $15 million for working capital and corporate purposes. The offering was facilitated by ThinkEquity and complies with SEC regulations.
Vision Lithium Announces Closing of Flow-Through Private Placement
Vision Lithium Inc. announced a non-brokered private placement of 16.67 million flow-through shares at $0.03 each, raising $500,000 for Canadian exploration expenses. A Finder received a $30,000 commission and warrants. The offering awaits TSXV approval.
Beyond Lithium Completes Unit Private Placement for Gross Proceeds of $250,000
Beyond Lithium Inc. closed a non-brokered private placement of 5 million units, raising $250,000. Each unit includes a share and a half warrant. Proceeds will support corporate purposes. Finders received cash commissions and broker warrants. Securities are subject to a hold period and are not registered in the U.S.
ESGold Completes First Phase in Reaching Broader U.S. Investor Market with OTCQB Listing
ESGold Corp. announced its approval from FINRA for a priced quotation on the OTCQB, enhancing market access and liquidity. This uplisting and application for DTC eligibility aim to improve trading efficiency and broaden the investor base, reflecting the company's growth strategy.
Trojan Gold Inc. Closes a Non-Brokered Unit Offering
Trojan Gold Inc. has completed a non-brokered private placement, issuing 1,454,452 units at $0.05 each, raising $72,722.62 to settle debts. Each unit includes a common share and warrant, with a 24-month exercise option at $0.10. The company focuses on mineral exploration in Ontario.
American Creek Resources Announces Amendment to Plan of Arrangement with Cunningham Mining
American Creek Resources Ltd. has amended its arrangement agreement with Cunningham Mining Ltd., extending the acquisition deadline from December 30, 2024, to January 31, 2025, and removing a termination payment obligation. The company holds a 20% interest in the Treaty Creek Project.
Eminent Gold Provides Drilling Update on Hot Springs Range Project
Eminent Gold Corp. reports progress on its drilling at the Hot Springs Range Project in Nevada, completing its first core hole at the Otis target. The drill program aims to explore the potential of HSRP as an analogue to the gold-rich Getchell Trend.
Elemental Altus Announces Appointment of New Director
Elemental Altus Royalties Corp. appoints Matthieu Bos as an independent non-executive director, replacing Jack Lunnon. His mining and capital markets experience is expected to enhance the Board's effectiveness. The Board remains at seven members, with six non-executives.
Sanu Gold Announces Closing of Strategic Partnership with Montage Gold & Strategic Investment by the Lundin Family
Montage Gold Corp. acquired a 19.9% stake in Sanu Gold for CAD $5.5 million, while the Lundin family gained a 10% stake. Montage's CEO now chairs Sanu's board, with plans to fund exploration activities in Guinea using the investment proceeds.
Silver Elephant Receives Notice of Cancelation of Pulacayo Mining Production Contract from Comibol
Silver Elephant Mining Corp. has received a cancellation notice for its Pulacayo Mining Production Contract from Bolivia's Comibol, citing alleged illegal mining. The company disputes this claim, maintains compliance, plans to appeal, and continues operations at its Apuradita concession.
Silver Elephant Terminates Management Services Agreement with Andean Precious Metals Corp.
Silver Elephant Mining Corp. has terminated its Mining Services Agreement and related Sale and Purchase Agreement with Andean Precious Metals due to non-payment of $1 million that was due on December 18, 2024. The company is now pursuing payment collection.
Auric Minerals Announces Exploration Program on Its Uranium Project in Labrador Canada
Auric Minerals Corp. announced the start of its 2025 exploration program on the Route 500 Uranium Property in Labrador, set to begin in January. The program will include prospecting and sampling, targeting pegmatite bodies for uranium mineralization, supported by historic data.
Eureka Lithium Corp. Closes Flow Through and Non-Flow Through Private Placement
Eureka Lithium Corp. closed a non-brokered private placement of 682,000 flow-through shares at $0.22 each, raising $150,040 for exploration expenses. Additionally, a concurrent non-flow-through placement of 100,000 units at $0.15 each was completed.
Romios Announces Closing of Non-Brokered Flow-Through Offering for $50,000
Romios Gold Resources Inc. announced a non-brokered private placement of 1,666,667 flow-through units at $0.03 each, raising $50,000 for exploration expenses in British Columbia. The offering includes warrants for future share purchases and specific tax benefits.
Nubian Resources Announces Name Change to Carlton Precious Inc
Nubian Resources Ltd. is changing its name to Carlton Precious Inc., approved by shareholders on June 27, 2024. Trading under the new name and ticker "CPI" begins January 6, 2025. Existing shares remain unaffected. Shareholders can contact the company with questions.
Spod Lithium Announces the Closing of Flow-Through Units Offering
SPOD Lithium Corp. closed a non-brokered private placement, raising $272,750 by issuing 4,196,155 flow-through units at $0.065 each. The funds will be used for exploration, with warrants allowing additional shares purchase at $0.10 within 24 months.
1844 Closes Non-Brokered Private Placement of Flow Through Units
1844 RESOURCES Inc. has completed a non-brokered private placement, issuing 13,042,928 flow-through units for approximately $456,500. The funds will be used for exploration expenses as defined by Canadian tax law. Finder's fees and warrants were also issued.
Unigold Announces TSXV Approves Warrant Extensions
Unigold Inc. announced the TSX-V's approval to extend the expiry dates for 16,629,167 and 53,433,675 share purchase warrants to June 23, 2025, and December 31, 2025, respectively, maintaining the exercise price at $0.30 per share.
Record Resources Closes $437,000 Financing
Record Resources Inc. has closed a financing totaling $437,000, comprising a $330,000 LIFE Offering and a $107,000 private placement, issuing 14,566,665 Units. The company also announced it will not proceed with certain option agreements on mineral properties.
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