Mining News Releases & Company Updates - Page 109
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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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Hercules Metals Achieves Strong Phase I Metallurgical Results with Recoveries of 90% Copper and Over 80% Silver
Hercules Metals Corp. announced positive results from initial metallurgical testing at the Hercules Project in Idaho, achieving high recovery rates for copper (± 87% to ± 90%) and silver (86% for oxide, 82% for sulfide). Future steps include further analysis and process optimization.
Lake Victoria Gold Signs Term Sheet for up to 7,000 Ounces Gold Pre-Pay Forward Purchase Facility
Lake Victoria Gold Ltd. announced a non-binding term sheet with Monetary Metals for a pre-paid forward arrangement to purchase 7,000 ounces of gold, supporting the Imwelo Mine's development in Tanzania. The deal includes an offtake agreement and aims to secure financing for the project.
Dakota Gold Step-Out Drilling Nearly Doubles the Strike Length of Modeled Homestake Mine-Style Gold Mineralization at Maitland
Dakota Gold Corp. announced that step-out drilling at the Maitland Gold Project has nearly doubled the known gold mineralization strike-length. The 2024 program revealed high-grade intercepts similar to those from the historic Homestake Mine, indicating further expansion potential.
Argyle Resources Corp. Announces Completion of Field Exploration Work at Matapedia Silica Project in Quebec
Argyle Resources Corp. announced the completion of extensive field exploration at its Matapedia Silica Project in Quebec, in collaboration with INRS. The work included geological mapping, geochemical sampling, and testing, providing vital data for the project's development.
American Eagle Expands North Zone High-Grade Mineralization
American Eagle Gold Corp. reports significant copper-gold mineralization in the North Zone, with drill results showing high-grade intersections. The findings indicate a large, expanding mineralized system, and the company anticipates 2025 as a crucial year for further exploration and targeting.
Blackrock Silver Announces the Appointment of Tom Peregoodoff to the Board of Directors
Blackrock Silver Corp. has appointed Tom Peregoodoff to its Board of Directors, effective December 3, 2024. With over 30 years in the resource industry, he brings extensive experience in exploration, development, and M&A, which will aid the company's growth strategy.
Ivanhoe Mines Announces That Kamoa-Kakula Achieved a Record 45,019 Tonnes of Copper in November
Ivanhoe Mines announced record copper production from its Kamoa-Kakula Copper Complex, achieving a monthly total of 45,019 tonnes and a 90% recovery rate from the Phase 3 concentrator. The DRC is poised to become the world's second-largest copper producer.
Strathmore Hits Mineralization with Stacked Roll Fronts at Beaver Rim
Strathmore Plus Uranium Corp. announced the successful drilling of two uranium roll fronts at the Beaver Rim project, discovering mineralized zones and confirming the geologic model’s validity. Results indicate suitable conditions for uranium deposition in the area.
F3 Hits 4.5m of 50.1% U3O8 Within 30.9% Over 7.5m at JR
F3 Uranium Corp. reports exceptional assay results from drillhole PLN24-176 on the PLN Property, revealing 7.5m of 30.9% U3O8, including a high-grade core of 4.5m at 50.1% U3O8. These findings highlight the potential for further high-grade uranium deposits in the area.
Red Metal Resources Acquires 100% Interest in Three Hydrogen-Prospective Mineral Claims Packages in Ontario
RED METAL RESOURCES LTD. has signed a Definitive Agreement to acquire three mineral claims in Ontario, totaling 3,246 hectares, prospective for hydrogen. This acquisition is strategically located near a recent hydrogen discovery by Quebec Innovative Materials Corp.
StrategX Provides Update on Critical Metals Exploration Activities at the Nagvaak Project, Nunavut, Canada
StrategX Elements Corp. has initiated its 2025 exploration program at the Nagvaak Project in British Columbia, focusing on critical metals. New targets have been identified, a drill site established, supply chains set up, and community partnerships formed to support operations.
Silicon Metals Corp. Announces Flow-Through Unit Offering and OTC Quotation
Silicon Metals Corp. is initiating a non-brokered private placement to issue up to 4 million flow-through units at $0.08 each, aiming to raise $320,000 for exploration at its projects. The offering includes share purchase warrants and has specific securities regulations.
Torex Gold Reports Compelling New Results from the 2024 ELG Underground Drilling Program
Torex Gold Resources Inc. reports promising drilling results from ELG Underground, indicating potential for extending mine life and upgrading resources. The company plans to increase exploration budget for 2025, aiming for sustained gold production beyond 2030.
M3 Announces Management Changes
M3 Metals Corp. announced leadership changes: Adrian Smith resigns as President, Kosta Tsoutsis becomes President and CEO, and Robert Meister joins as a director. The company now has two independent directors and a new Audit Committee structure.
ALX Resources Corp. Receives Shareholder Approval for the Previously Announced Plan of Arrangement with Greenridge Exploration Inc.
ALX Resources Corp. held its Annual General and Special Meeting where shareholders approved the acquisition by Greenridge Exploration Inc. of all ALX shares, with 85.08% voting in favor. Other resolutions, including director elections and auditor appointments, were also approved.
Li-Metal Corp. in Trading Halt Pending Standard CSE Change of Business Disclosure Review
Li-Metal Corp. has been issued a trading halt by the CSE due to a pending review of its business change from lithium anode production to an investment company. The halt will lift upon shareholder and CSE approval of the new business plan.
Lavras Gold Corp. Intersects 1.0 g/t Gold Over 56 Metres at the Newly Discovered Olaria Gold Target, LDS Project, Southern Brazil
Lavras Gold Corp. announced positive results from three new drillholes at the Olaria Gold Target in Brazil, encountering gold mineralization up to 9.0 g/t over 11 metres. The drilling aimed to explore both downdip and structural extensions of historical mineralization.
Li-Metal Corp. Announces Update to Board of Directors and Proposed Change of Business
Li-Metal Corp. announces changes to its Board of Directors, with Anthony Tse and Colin Farrell stepping down and Brad Morris and David Delaney joining. The company seeks shareholder approval to shift from an industrial to an investment issuer. Tim Johnston becomes Chairman.
Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for Gross Proceeds of C$300,000 and Increase in Private Placement
Volt Carbon Technologies Inc. has closed the first tranche of a private placement, issuing 10 million flow-through units for C$300,000. Each unit includes a common share and half a warrant. The company plans to close a second tranche by December 17, 2024.
Ramp Metals Discovers New Mineralized Target Northwest of Ranger Gold Discovery
Ramp Metals Inc. announced a gold discovery of 73.55 g/t Au over 7.5m at its Rottenstone SW property, following a mapping and sampling program. The program involved 312 rock and 225 soil samples to explore various targets generated from a 2023 TDEM geophysical survey.
Lion One Releases Financial Results for Quarter Ended September 30, Announces USD $4 Million Tranche 3 Draw down on Nebari Financing Facility
Lion One Metals Limited announced its Q1 FY 2025 financial results, reporting record revenue of CAD$10.5 million and a mine operating income of CAD$1.5 million. The company also amended financing terms to draw an additional USD $4 million and faced equipment-related production challenges.
Mundoro Provides Q3-2024 Financial and Portfolio Update
Mundoro Capital Inc. reported its financial results for Q3-2024, highlighting a cash position of $4.23 million, no long-term debt, and exploration expenditures of $5.98 million. The company conducted geophysical surveys at the Borsko Project and plans further exploration in Q4-2024.
First Phosphate Corp. Signs License Agreement with Prayon SA, Global Leader in MGA Phosphoric Acid Technology
First Phosphate Corp. has signed a technology license agreement with Prayon SA to produce merchant grade phosphoric acid from igneous apatite phosphate rock in Canada. The plant will have a capacity of 600 metric tons per day. Ballestra S.p.A. will provide engineering services, and Norfalco-Glencore will supply sulfuric acid for the facility.
Beyond Lithium Announces Completion of Amendments to Option Agreements, Debt Settlement Transactions & Provides Update on Private Placement
Beyond Lithium Inc. has announced definitive agreements with Bounty Gold Corp. and Last Resort Resources Ltd. to amend property option agreements and settle $340,111.36 in debt by issuing shares and warrants, deferring cash payments under existing agreements.
Sitka Confirms and Extends Another Reduced Intrusion-Related Gold System with Rock Samples Returning up to 31.7 g/t Gold at Its Flagship RC Gold Project in Yukon
Sitka Gold Corp. confirmed and extended a large Reduced Intrusion-Related Gold System at the May-Qu target, showing gold values up to 31.7 g/t Au. Additional mineralization was found at the Mahtin target with values up to 11.05 g/t Au, and potential at the Alp target.
Big Gold Intersects Mineralization in Multiple Holes Along the East Divide Target at Tabor in Northwestern Ontario
Big Gold Inc. announced successful drilling at the Tabor Property in Ontario, confirming quartz veining and mineralization, including gold and other metals. The program, focused on the East Divide target, has completed over 200 meters and shows promising results consistent with historical data.
General European Strategic Investments Inc. Provides Update on Legal Developments in Slovakia
GENERAL EUROPEAN STRATEGIC INVESTMENTS INC. updates on legal actions in Slovakia following Rozmin s.r.o.'s exit from bankruptcy. EuroGas GmbH is seeking recognition of ownership rights over mining assets, alleging illegal expropriation by Schmid Industrieholding. Legal proceedings include potential actions under the RICO Act.
American Creek Resources Announces Shareholder Approval of Plan of Arrangement with Cunningham Mining and Receipt of Final Order
American Creek Resources Ltd. announced that its special resolution for a statutory arrangement with Cunningham Mining Ltd. was overwhelmingly approved by shareholders at a meeting on November 27, 2024. The resolution received 99.3% approval, alongside other corporate resolutions.
Seabridge Comments on Second Challenge of KSM's Substantially Started Determination
Seabridge Gold Inc. is facing a new judicial review petition in British Columbia regarding the Minister's determination that its KSM Project has "substantially started." Filed by SkeenaWild Conservation Trust and SEITC, the petition alleges the determination was unreasonable and seeks to quash it.
Cosa Resources Announces TSXV Conditional Approval for Transaction with Denison Mines
Cosa Resources Corp. has received conditional approval from the TSX Venture Exchange for acquiring a 70% stake in uranium projects from Denison Mines. Trading of Cosa's shares will resume on December 2, 2024, following a halt due to the announcement. Completion of the deal is expected by early 2025.
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