Mining News Releases & Company Updates - Page 119
Discover news, analysis, and insights on junior mining companies and precious metals
Featured Articles
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.
Trending Now
View All
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.
All Articles
Metals Creek Resources Corp. Closes First Tranche of Flow-Through Private Placement Financing - Secures Drill for Next Phase of Tillex Copper Project Drilling
Metals Creek Resources Corp. has received conditional approval from the TSX Venture Exchange for its non-brokered private placement financing and closed the first tranche, raising $303,500. The company has issued over 8.6 million flow-through units at $0.035 per unit. These units include flow-through common shares and non-flow-through common share purchase warrants. The proceeds will be used for exploration on the company's Tillex Copper Project, Yellow Fox/Careless Cove/ Clarks Brook Antimony-Gold Property, and Ogden Gold Property.
American Pacific Receives US$10 Million and 100% Interest in the Palmer VMS Project in Alaska
American Pacific Mining Corp. has announced an agreement with Constantine North Inc. and Dowa Metals & Mining Alaska Ltd. to acquire Dowa's interest in Constantine Mining LLC. Following this acquisition, American Pacific will have complete ownership and control of the Palmer VMS Project. As part of the deal, Dowa will pay $10 million to American Pacific in exchange for an option to acquire up to 50% of the zinc concentrate produced at the project. The deal is seen as transformative for American Pacific, which will receive a substantial capital injection and control of a project with significant mineral resources and exploration potential.
Core Nickel Identifies Multiple High Priority Targets at its Halfway Lake Property from Airborne Electromagnetic Survey
Core Nickel Corp. has announced that an airborne electromagnetic survey has discovered 14 high-priority targets at its 100% owned Halfway Lake Project, located near the Bucko Mill in the Thompson Nickel Belt, Manitoba. One of the targets identified confirms the extension of the conductive trend thought to host the Halfway Lake nickel deposit. Other targets include areas north of the W62 Zone and on under-explored conductor trends. CEO Misty Urbatsch believes these findings could lead to the discovery of high-grade massive sulphide deposits on their claims.
District Applies to List on the Nasdaq First North Growth Market in Sweden
District Metals Corp. is planning to apply for a secondary listing of its shares on the Nasdaq First North Growth Market in Sweden by the end of 2024. This decision comes after an increase in the number of Swedish shareholders in the company. The move is expected to increase trading liquidity and provide greater exposure to analysts and investors. The company attributes the interest from Sweden to the potential lifting of the country's uranium mining moratorium, District's extensive Swedish uranium project portfolio, and its collaboration with Boliden Minerals AB on properties in Sweden.
Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe
Military Metals Corp. has completed a transaction in which it acquired 100% of the shares of the amalgamated entity formed by its subsidiary, 1509149 B.C. Ltd., and 1458205 B.C. Ltd. As part of the deal, Military Metals Corp. issued 10 million of its shares to shareholders of the acquired company. The deal also results in Military Metals Corp. acquiring three mineral exploration projects in Slovakia, including the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project.
Argyle Announces Private Placement Offerings
Argyle Resources Corp., a Calgary-based company, plans to complete a non-brokered private placement financing, aiming to raise up to $1,000,000 through the sale of units at $0.85 each. Each unit will consist of one common share and one common share purchase warrant. The latter will allow the holder to purchase a common share at an exercise price of $1.05 within 24 months from issuance. The proceeds from the placement will be used to finance the company's exploration activities and increase shareholder value. The closing date is expected to be on or about November 22, 2024, and is subject to all necessary regulatory approvals.
Carlyle Commodities Announces Filing of NI 43-101 Technical Report for the Quesnel Gold 1 Property
Carlyle Commodities Corp. has filed a NI 43-101 Technical Report for its Quesnel Gold Project in Central British Columbia. The report was prepared in line with the National Instrument 43-101 Standards of Disclosure for Mineral Projects. It comes following an option agreement to acquire the Quesnel Gold Project. The report is available on the company's profile at www.sedarplus.ca. Carlyle is a mineral exploration company that also owns the Newton Project in B.C., and is listed on the Canadian Securities Exchange, the OTC Market, and the Frankfurt Exchange.
Canadian Manganese Provides Update on Royalty Financing and Annnounces Results of Annual and Special Meeting of Shareholders and Appointment of New Board Chair
Canadian Manganese Company Inc. (CDMN) has provided an update on its gross revenue royalty agreement with Leventis Capital Pte Ltd. Initially, Leventis was to buy a 3% royalty in two tranches for a total of US$15,000,000. The agreement was later adjusted to a single transaction of a 2% royalty for US$10,000,000. CDMN has the option to repurchase the 2% royalty at any time for US$15,000,000, with additional payments required if the option isn't exercised by certain dates. The company also announced the voting results of its annual general and special meeting held on June 25, 2024.
SPOD Lithium Announces Private Placement of Units
SPOD Lithium Corp. has announced its plan to complete a private placement offering of units, each priced at $0.05, with the aim of raising up to $750,000. Each unit consists of a common share and a warrant that allows the holder to acquire an additional share at a cost of $0.10, 24 months after the closing date. If the common shares' daily average closing price reaches $0.20 for 20 consecutive trading days, the company can accelerate the expiry date of the warrants. The funds raised from the offering will be used for general working capital purposes. This offering is directed at qualified purchasers and may involve company directors and officers, constituting a "related party transaction".
Kapa Gold Announces Grant of Stock Options
KAPA Gold Inc. has granted stock options to acquire 200,000 common shares to consultants at $0.11 per share, subject to vesting requirements under the Company's Stock Option Plan. The options will expire in five years, assuming the recipients continue as consultants for the company. KAPA Gold, a Canadian exploration company, is focused on advancing its gold projects in North America, including its flagship Blackhawk Gold Property.
Fairchild Announces Closing of an Additional Tranche of Its Private Placement Offering
Fairchild Gold Corp. has announced the closing of an additional tranche of its non-brokered private placement, raising gross proceeds of $214,500. The company issued 3,575,000 units at $0.06 per unit, each comprising one common share and one common share purchase warrant. The warrants can be converted into an additional common share at an exercise price of $0.15 for 60 months from the date of issuance. The proceeds from the offering will be used for exploration at Fairchild's Copper Chief Project in Nevada and for general working capital. The company plans to close additional tranches of the offering up to a total of $900,000 and paid a $1,000 commission to Canaccord Genuity
Nine Mile Metals Announces Completion of Private Placement Financing
Nine Mile Metals Ltd. has announced the closure of its private placement, raising $53,332 by issuing 1,066,640 units at a price of $0.05 per unit. Each unit includes one common share and half of one common share purchase warrant. The holder of each warrant can acquire one common share at a price of $0.08 per share within 24 months of issuance. The funds raised will be used for operating expenses and general working capital. The company's President, Charles MaLette, acquired 400,000 units for investment purposes. The private placement was approved by the company's board of directors.
Atomic Minerals Announces Private Placements of Flow-Through and Non-Flow-Through Units
Atomic Minerals Corporation has announced a non-brokered private placement financing of up to 34 million non-flow-through units at $0.05 each, and up to 13.33 million flow-through units at $0.06 each. This could result in gross proceeds of up to $1.7 million and $800,000 respectively. Each unit includes one share and one transferable warrant, exercisable at $0.10 per share for 2 years from closing. Proceeds from the flow-through units will be used for Canadian exploration and development, while those from the non-flow-through units will be used for general working capital. The placements are subject to approval from the TSX Venture Exchange.
Galleon Gold Issues Shares for Interest Payment on Convertible Debentures
Toronto-based Galleon Gold Corp. has fulfilled its obligation to pay $163,742.47 of accrued interest by issuing 564,796 common shares to the holders of its Convertible Debentures. The newly issued shares will be subject to a hold period until March 19, 2025. Some of the debenture holders are insiders and officers of the company, making this a related party transaction. However, the transaction is exempt from certain requirements as it doesn't exceed 25% of the company's market capitalization. Galleon Gold is primarily engaged in exploring and developing the West Cache Gold Project in Timmins, Ontario.
New Break Closes Non-Brokered Private Placement Financing
New Break Resources Ltd. has closed its non-brokered private placement offering, issuing over 6 million units at $0.075 each, resulting in a gross income of $457,950. Each unit includes a common share and purchase warrant, allowing holders to buy more shares at a set price within two years. The funds will be used for exploration activities at the Moray gold project and for general capital purposes. All securities from this private placement will be held until March 16, 2025. The closing is subject to regulatory approvals.
Mineral Road Acquires Two Properties in Quebec
Mineral Road Discovery Inc. has announced an agreement to acquire licenses for the Wheeler and Bergeron properties in the Labrador Trough Area of Quebec, Canada. The Wheeler property, with 245 claims spanning 11,797 hectares, is a potential source of copper, nickel, cobalt, and platinum group elements. The Bergeron property, covering 5,123 hectares with 110 claims, is prospective for uranium. The Wheeler property was last explored in the 1960s by Cominco and SEREM LTEE. Current data on the property comes from Quebec Government archives and includes lake sediment and till sampling, as well as airborne surveys.
Fathom Nickel Clarifies Amendments to Non-Brokered Unit Offering
Fathom Nickel Inc. is planning a private placement of flow-through units (FT Units) and hard dollar units (HD Units) that will collectively raise $1,052,500. Up to 7,500,000 FT Units will be issued at $0.04 per unit, raising $300,000, while up to 21,500,000 HD Units will be issued at $0.035 per unit, raising $752,500. The proceeds from the FT Units will be used for general exploration expenditures by the end of 2025, while the net proceeds from the HD Units will be used for exploration and development of the company's mineral projects and for working capital and general corporate purposes.
Spanish Mountain Gold Announces the Closing of Private Placements for Gross Proceeds of C$8.3 Million
Spanish Mountain Gold Ltd. has closed its previously announced brokered and non-brokered private placements, raising aggregate gross proceeds of C$8.3 million. In the brokered offering, the company raised C$7.5 million, which included the full exercise of the agent's over-allotment option. This involved issuing 20,553,000 units and 18,118,000 flow-through share units. Additionally, 9,585,000 flow-through share units were sold to charitable purchasers. In the non-brokered offering, the company raised approximately C$800,000 by issuing 5,925,926 units. Each unit includes a common share and a purchase warrant, enabling the holder to acquire an additional common share
Hiru Corporation (HIRU) Q3 2024 Update and Strategic Developments
Hiru Corporation, a diversified mining and holding company, has released its Q3 2024 financial results which show an increase in outstanding shares to 3.888 billion. This increase is largely due to the actions of new Chairman and CEO Sheikh Khalid Nasser A.S. Al-Thani, who merged his own project into the company and settled previous debts, making the company almost debt-free. The corporation is also expanding its assets and integrating them into their operations, with additional mining properties in Australia valued at $130 million expected to be fully consolidated by Q4 2024. The company is exploring merger opportunities with foreign entities holding significant lithium, cobalt, and gold mining assets. Finally, Hiru Corporation has improved its financial position by
Max Resource Provides Update on its Florália Hematite Iron Ore Project, Mina Gerais State, Brazil
MAX RESOURCE CORP. has added a wholly-owned Australian entity, Max Iron Brazil Ltd., to hold the "Florália Brazilian Assets". The company intends to list on the Australian Stock Exchange and conduct pre-listing financing into Max Brazil to fund the transaction and advance drilling. Drone magnetics at Florália have identified a large zone of high-grade mineralization associated with hematite/itabirite type iron formation, far exceeding the size of the historical open cut. The Florália hematite geological target has expanded from 8 to 12 million tons to 50 to 70 million tonnes at 55% to 61% Fe, with an additional itabirite geological target of 130 to 170 million tonnes.
Volt Carbon's Mineral Processing Facility in Toronto and its Subsidiary, Solid UltraBattery in Guelph Awarded DAIR Green Fund for Aerospace Innovation Projects
Volt Carbon Technologies Inc. and its subsidiary, Solid UltraBattery Inc., both based in southern Ontario, have been selected as recipients of the DAIR Green Fund. This funding initiative supports small and medium-sized enterprises in transforming the aerospace industry in southern Ontario through sustainable and green aviation technologies. The funded projects include the development of high-performance carbon materials for aerospace industries and advancements in low-temperature performance of lithium-ion batteries. The DAIR Green Fund will cover 50% of the total project cost for each entity, up to a maximum of $75,000, with the companies covering the remaining 50% over two years.
Wedgemount Announces Huggy Operations Update
Wedgemount Resources Corp., a junior oil and gas company, has announced details of its enhancement and remediation program for its recently acquired oil and gas assets, known as the "Huggy Asset," in west central Texas. The program aims to optimize well production through proprietary chemical treatments, well workovers, and surface facility optimization. The company is using a non-toxic treatment provided by Valkyrie Specialty Corp. to boost reservoir volume stimulation. Over the next 12 months, about half of the 119 wells at Huggy will undergo these treatments.
Standard Uranium Receives High-Grade Uranium Assays from 2024 Sun Dog Prospecting Program up to 13.0% U3O8
Standard Uranium Ltd. has reported initial assay results from its 2024 exploration program at the Sun Dog Uranium Project in northwestern Saskatchewan. Detailed mapping and prospecting were completed ahead of the summer drill program, with samples showing uranium up to 13.0% U3O8. The project is under an earn-in agreement with Aero Energy Limited, which has committed to Year 2 of a three-year option agreement, promising a minimum of $2.0M in Year 2 exploration expenditures. New zones of radioactivity and uranium mineralization have been discovered during the recent prospecting program.
Aero Energy Receives High-Grade Uranium Assays from Sun Dog Prospecting Program up to 13.0% U3O8
Aero Energy Limited has reported positive surface assay results from its 2024 exploration program at the Sun Dog Uranium Project in Saskatchewan. The summer drill program has identified new uranium mineralization at the surface, with uranium assays ranging from 0.14% to 0.32% U3O8. New zones of strong radioactivity have also been discovered. More than 4km of untested VTEM conductors were found, with assays returning up to 0.25% U3O8. The company has completed 1,593 meters across eight drill holes, intersecting anomalous radioactivity in seven of them. The results represent a small fraction of potential targets, indicating significant unrealized potential. The company plans additional work to
District Provides Update on the Uranium Moratorium in Sweden
District Metals Corp. highlighted the importance of the recent Swedish Parliament meeting records for its 100% owned Viken Energy Metals Deposit in Sweden. The company anticipates the Swedish Government's intention to lift the uranium moratorium, which could reinstate uranium mining and exploration in the country. In the recent parliament meetings, the Minister of the Environment reiterated Sweden's commitment to nuclear power as a low-emission technology and expressed intentions to change the current legislation that treats uranium as waste.
Canadian Manganese Reports Third Quarter 2024 Financial Results
Canadian Manganese Company Inc. reported a loss of $860,926 in its third quarter financial results ending September 30, 2024, focusing on advancing the Woodstock manganese project in New Brunswick. This loss included expenses related to interest and corporate development. In comparison, the company recorded a loss of $374,506 in the same period last year. As of September 2024, the company held exploration and evaluation assets valued at $17,545,804.
Silicon Metals Corp. Issues Longworth and Silica Ridge Option Shares and Acquires Silica Ridge Property
Silicon Metals Corp. has paid Cronin Exploration Inc. $15,000 and issued 1.8 million common shares to acquire a 100% right, title, and interest in the Silica Ridge Silica Project. Additionally, the company issued 3.3 million shares to Cronin Exploration Inc. to secure an undivided 100% right, title, and interest in the Longworth Silica Property. To finalize the deal, Silicon Metals Corp. must pay an additional $25,000 within 30 business days. The company also granted Cronin Exploration a 2.0% net smelter returns royalty on both properties, with an option to purchase 50% of each for $1,000,000 within
Anquiro Ventures and Black Pine Announce Receipt of TSXV Conditional Approval and Filing of Information Circular
Anquiro Ventures Ltd. (AQR) has announced that the TSX Venture Exchange has conditionally approved its reverse-takeover transaction, which follows a merger agreement with Black Pine Resources Corp. and 1504671 B.C. Ltd. The company has filed an information circular regarding this transaction and has scheduled a shareholders meeting on December 20, 2024, to obtain approval for related resolutions and the adoption of an equity compensation plan. The transaction is expected to close on or around December 27, 2024. Trading in AQR's common shares is currently suspended and will resume once all required documentation has been filed.
Aero Energy Announces Closing of Non-Brokered Private Placement
Aero Energy Limited has successfully closed its previously announced non-brokered private placement, issuing a total of 24,004,070 units and raising gross proceeds of $2,034,218.85. This includes the issuance of non-flow-through units, flow-through units, and charity flow-through units at prices of $0.07, $0.08, and $0.11 per unit respectively. Each unit consists of one share and one-half of one share purchase warrant. All issued securities are subject to a four-month hold period. As part of the closing, $99,779 in cash was paid and 887,360 finder's warrants were issued to eligible finders.
Centurion Minerals Ltd. Announces Late Filing of Annual Financial Statements and MD&A
Centurion Minerals Ltd. has announced that the company's audited annual financial statements for the financial year ending July 31, 2024, will not be finalized by the due date of November 28, 2024, due to administrative delays in the audit. The company has applied for a management cease trade order (MCTO) and expects to file the required documents by January 27, 2025. During the MCTO, the public will still be able to trade the company's shares, but the CEO and CFO will not. The company will issue bi-weekly default status reports until the filings are completed.
Unlock Premium
Get access to exclusive analysis and trading signals
- Access to all premium articles
- PDF change detection
- Advanced charting