Mining News Releases & Company Updates - Page 120
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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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IberAmerican Lithium Announces Third Quarter 2024 Financial Results
IberAmerican Lithium Corp. has announced its unaudited condensed interim consolidated financial statements for the three and nine month periods ended September 30, 2024. The company reported a net loss for the quarter of $0.9 million and a working capital deficit of $1.5 million. As of September 30, 2024, the company had cash and cash equivalents of approximately $0.01 million. IberAmerican plans to continue work towards receiving final permit approvals for lithium projects in northwestern Spain and explore other opportunities for shareholder value creation.
Denarius Metals Announces Third Quarter and First Nine Months 2024 Results
Denarius Metals Corp. has released its unaudited interim condensed consolidated financial statements and related analysis for the three and nine months ending September 30, 2024. The company, which has two mines in Colombia and Spain, spent approximately $9.5 million on exploration, development, and capital expenditures in the first nine months of 2024, including $7.4 million on its Zancudo Project. It also paid $8.1 million towards its acquisition of a 50% interest in Rio Narcea Recursos, and an additional $0.8 million to prepare for operations restart next year. The company raised $17.2 million through the sale of a net smelter in the first nine months of 2024 to
Indigo Obtains Approval for Loans
Indigo Exploration Inc. has received approval from the TSX Venture Exchange for loans totalling $170,000, with an interest rate of 10% per annum and a one-year term. The funds will be used for exploration work on the company's Hot Property uranium project in Wyoming and for general capital purposes. The company has issued 680,000 bonus shares to the lenders. Two of the lenders are company directors who have provided $10,000 each in loans, which are considered "related party transactions" and are exempt from certain requirements due to their value not exceeding 25% of the company's market capitalization.
Talon Metals Reports Results for the Quarter Ended September 30, 2024
Talon Metals Corp. reported a net loss of $0.6 million for Q3 2024, primarily due to administrative costs and stock option compensation. This is slightly higher than the $0.5 million loss from Q3 2023. The net loss for the nine-month period ending in September 2024 was $1.6 million, compared to $1.7 million loss for the same period in 2023. The company's capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project amounted to a credit of $3.7 million for Q3 2024, largely due to a royalty sale. In contrast, the costs for the same project were $11.4 million in Q
Ucore Closes Private Placement Financing
Ucore Rare Metals Inc., has successfully closed its non-brokered private placement offering of 4,803,329 units at $0.50 per unit, resulting in gross proceeds of $2,401,665. Each unit consists of one common share and half a common share purchase warrant. The proceeds are expected to be used for finalizing agreements, progressing engineering plans for the Company's Strategic Metals Complex, debt servicing, and general corporate working capital. John Wilson, an arms-length finder, will be issued 21,000 Common Shares. All shares and warrants are subject to a four-month and one-day hold period.
Auric Minerals Reaches Definitive Agreement to Acquire Central Uranium Resources
Auric Minerals Corp. has announced a share exchange agreement with Central Uranium Resources Corp. (CURC), through which it plans to acquire all outstanding shares of CURC. CURC holds acquisition rights to the Route 500 Property in Newfoundland and Labrador, an area known for prospective uranium mineralization. The property, which is vastly underexplored, has seen renewed interest due to successful uranium exploration in the past and the potential for further discoveries.
Spanish Mountain Gold Provides Update on Financing
Spanish Mountain Gold Ltd. has provided an update on its brokered private placement for a gross proceeds of up to C$6,500,000. The terms of the charity flow-through units were amended and will consist of one flow-through share and one common share purchase warrant. Each warrant can purchase one additional common share of the company at a price of $0.18 per share for two years from issuance. The Brokered Offering is set to close around November 15, 2024, depending on the receipt of necessary approvals. The securities mentioned will not be registered under the U.S. Securities Act and may not be offered or sold within the U.S.
Exploits Closes Non-Brokered Charity Flow Through Financing with Strategic Investor and Flow Through Share Private Placement
Exploits Discovery Corp. has closed a non-brokered private placement, raising $346,154 by issuing flow-through common shares at $0.09 each. In addition, the company has closed another private placement, raising $240,000 by selling 3,000,000 flow-through common shares at $0.08 each. The proceeds will be used to fund eligible "Canadian exploration expenses" related to the company's projects in Newfoundland and Labrador, Canada, before December 31, 2025. The issued securities will be subject to a four-month-and-one-day hold period under Canadian securities laws and are not available for sale in the United States.
Northstar Gold Corp. Closes First Tranche of Private Placement; Miller Property Zone 2 Extension Drilling to Commence Late November
Northstar Gold Corp. has successfully closed the first tranche of its non-brokered private placement, raising $818,750 through the sale of 14.9 million Hard Dollar Units and 4.95 million Critical Minerals Eligible Flow Through Units. The company plans to close a second tranche soon. Each unit includes a common share of the company and a share purchase warrant. The company also paid $20,255 in finder fees and issued 560,000 finder warrants. The sale is viewed as an endorsement of the company's exploration and development initiatives and growth potential. Northstar is currently shortlisting bids for drilling up to 1,500 meters targeting copper mineralization.
West High Yield (W.H.Y.) Resources Ltd. Announces Final Closings of Oversubscribed Private Placement and Shares-for-Debt Transactions
West High Yield Resources Ltd. has closed the final tranche of its private placement offering, issuing 3,660,935 units for gross proceeds of CAD$732,187. The company has also completed its shares-for-debt transactions to settle CAD$320,000 in outstanding debt. Each unit issued includes one common share and one share purchase warrant. A trading hold period applies to all securities for four months plus one day from issuance. As part of the closing, the company issued 10,000 non-transferable share purchase warrants to a broker and paid them a $2,000 commission.
Nio Strategic Metals Expands Its Fafnir Project
Nio Strategic Metals Inc., a mining exploration company, has acquired an additional 1,274 hectares over 22 claims next to its Fafnir Project. The claim block is near Rush Rare Earth's Boxy project, known for Niobium assays as high as 26.9%. The Fafnir Project in Quebec now covers around 6,230 hectares and is home to large high-grade niobium and Uranium deposits. Nio's CEO, Hubert Marleau, expressed excitement about the acquisitions due to their high potential for niobium mineralization and plans to perform explorations next summer.
Cleghorn Minerals Reports on Recent Channel Sampling Results from Historical Trenches & Pits on The Meech Lake - Matachewan Prospect
Cleghorn Minerals Ltd. has announced the results of Nickel-Copper-PGE and Gold-Silver-Zinc surface channel sampling on its Meech Lake - Matachewan Prospect in northeastern Ontario. The Phase II exploration program completed in 2023 included detailed mapping and channel sampling over various showings and included eight excavations. The objective was to define and characterize the surface mineralization identified in the 2018 drill program. Results include 4.91% copper, 1.35% nickel, 1.53 ppm platinum, 4.49 ppm palladium over 0.5 metres at the Kell's Showing, and 2.08 ppm gold, 5.2 ppm silver & 1.08%
Homerun Resources Inc. Reports Discovery of HPQ Silica Sand in Multiple Locations on 100% Owned Tenements in Belmonte, Brazil
Homerun Resources Inc. has conducted an exploratory drilling program on its 100% owned silica sand tenements in the Belmonte Silica Sand District. The company identified HPQ silica sand exploration target volumes across multiple areas within the 7930-hectare site. Despite challenges faced with heavy rain during the drilling, average results showed 99.23% Si02, with the best result being 99.80% Si02. An exploration target of over 200 million tonnes is projected within the concessions.
Golden Horse Minerals Australian IPO Offer Closes Early and Oversubscribed
Golden Horse Minerals Limited has closed its Australian initial public offering (IPO) early after raising the maximum target of A$18 million. The funds will be used to explore the company's Southern Cross Project, located in a prolific gold-producing region in Australia. The oversubscribed IPO is a major milestone for the company, indicating strong investor support. The company's CDIs are expected to start trading on the Australian Securities Exchange in early December 2024.
Ximen Mining Corp Completes 2024 Drill Program at Its 100% Owned Brett Epithermal Gold Property - Vernon BC
Ximen Mining Corp. has completed its drill program at the Brett epithermal gold project in southern British Columbia, with the eighth hole drilled to test the extent of the West Zone alteration zone. The drilling intersected volcanic rocks, including basalt and ash, and an oxidized leached zone of argillic alteration was found from 4.5 meters to 8.3 meters depth. Multiple zones of intense clay-silica alteration with clay-gouge faults and silica-pyrite mineralization were also intersected. The findings suggest a highly altered volcanic breccia.
Maple Gold Announces Closing of $5 Million Brokered Private Placement
Maple Gold Mines Ltd. has successfully closed its previously announced brokered private placement offering, issuing 32,695,384 non-flow-through units at $0.065 per unit and 35,935,000 flow-through common shares at $0.08 per share. This raised a total of $5 million in gross proceeds. The offering was led by Beacon Securities Limited, alongside Agentis Capital Markets Limited Partnership and Paradigm Capital Inc. Each non-flow-through unit includes one common share and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one non-flow-through common share at $0.10 until November 14, 2027.
Nova Pacific Metals Highlights the History and Revitalization Plans for the Lara VMS Deposit
Nova Pacific Metals Corp. has detailed the history and future plans for its Lara Volcanogenic Massive Sulphide (VMS) deposit, located on Vancouver Island, British Columbia. The deposit was discovered in 1984 and explored extensively in the 80s, but activity slowed due to low metal prices in the 90s. Early exploration efforts yielded promising results, including a high-grade trend in the Coronation Zone. The company plans to revitalize the deposit and continue exploration efforts.
Valkea Resources to Commence Trading on the OTCQB Under Symbol "OZBKF"
Valkea Resources Corp. has announced that its common shares will commence trading on the OTCQB® Venture Market under the ticker symbol "OZBKF" from November 14, 2024. The shares will continue to be traded on the TSX Venture Exchange under the symbol "OZ". The move is expected to enhance the company's visibility, improve liquidity, and broaden its shareholder base. This comes as Valkea begins its exploration program on the flagship Paana gold project in Finland's Central Lapland Greenstone Belt.
Military Metals Announces LOI to Acquire Past-Producing Last Chance Antimony-Gold Property, near Round Mountain, Nevada
Military Metals Corp. has announced its intent to acquire the Last Chance antimony-gold property in Nye County, Nevada from Amador Mining LLC. The property, which has a history of antimony and gold mining dating back to the 1870s, is located near the Round Mountain Gold Mine and Tonopah town. Military Metals Corp. plans to conduct detailed surface mapping and sampling, and initiate a drilling program to explore the full potential of the property.
Barksdale Receives Assays Results That Reveal High-Grade Copper-Silver, Lead-Zinc-Silver Veins
Barksdale Resources Corp. has reported initial assay results from its ongoing diamond core drilling program at its Sunnyside project in Arizona. The results indicate high grade copper-silver and lead-zinc-silver veins and broad zones of hypogene chalcocite mineralization. Drill hole SUN24-002 was designed to target deep lead-zinc-silver mineralization and surface potential for copper-silver mineralization. Assay results returned values up to 4.33% copper, 2.45% zinc and 99.7 g/t silver. The company believes the project is a target rich environment that needs further exploration.
RETRANSMISSION: Atomic Minerals Corp. Clarifies the Proposed Drilling Schedule for The Bleasdell Lake Uranium Project
Atomic Minerals Corp. is finalizing permits for the Bleasdell Lake Project in Vancouver, with plans to start drilling in December. The project, located 95 kilometers southwest of Lynn Lake, Manitoba, will focus on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones. The company is working to obtain a multi-year permit for ground-based geophysics and up to 4,000 meters of diamond drilling. However, the company acknowledges that more work needs to be done to classify the historical estimate of 620,700 pounds of triuranium octoxide as a current mineral resource.
Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio
Riverside Resources Inc. has transferred its three Ontario gold properties to its wholly-owned subsidiary, Blue Jay Resources Inc., to establish Blue Jay as an independent exploration company. The strategic move is designed to unlock potential value in these assets and provide Riverside shareholders with exposure to possible gains. The company's past strategy with Capitan Silver Corp. saw similar results. The new company is headed by CEO Geordie Mark, who has extensive experience in the mining industry and is planning a targeted drill campaign for the first half of 2025.
Quest Critical Metals Accepted as Associate Partner in a Further EU Grant Funded Project Using Innovative Geochemical Techniques to Identify Deep Mineral Deposits
Quest Critical Metals Inc. has been accepted as an Associate Partner in a €4.8m EU Horizon grant-funded project, Deep exploration BoostEd by Advanced exploration Technologies (DeepBEAT). The project aims to develop technologies for detecting deep-seated land deposits using geochemistry, with the company's Tisova/Klingenthal licences being test sites. The project proposes ten technological developments, including ultra-high resolution analytical chemistry, increasing sampling strategy efficiency, and AI-assisted 3D mineral prospectivity modelling. The project also aims to cultivate acceptance of exploration and mining in local communities. Partners include academic institutions and public and private organizations from various countries.
QIMC Reports Major Advancements in Ville Marie Geophysical Surveys for Natural Hydrogen Discovery and Launches Underwater Hydrogen Exploration and Sampling
Quebec Innovative Materials Corp. (QIMC) has reported significant progress in their geophysical and gravimetric surveys for the Ville Marie Natural Hydrogen discovery. They have conducted over 1,000 gravimetric measurements across an 80-square-kilometer area in the St-Bruno-de-Guigues region, which are essential in evaluating the thickness of sedimentary rock layers that overlay the Archean volcano-plutonic greenstone belt. The data collected will help create a detailed gravimetric model for the region and identify prime locations for hydrogen and helium conduits. The company is also planning an electromagnetic survey (TDEM) for winter 2024 into early 2025. After a successful hydrogen prospecting season in
Palamina Commences Soil Sampling Program After Completing Remote Sensing Study on the Galena Silver Copper Project
Palamina Corp. is advancing its Galena Silver Copper Project located in the Puno region of Peru, which contains high-grade copper-silver bearing quartz veins and multiple copper oxide and lead sulfide occurrences. The company is exploring for Carbonate Replacement Deposits (CRDs), with mineralization at Galena hosted in Tacaza Formation volcanics. The project is in the same structural trend as the Santa Barbara and Berenguela past-producing mines. Palamina is completing a pXRF soil survey to refine the extent of anomalous zones, and a gravity survey is planned to define a potential CRD deposit at depth. Palamina has combined traditional exploration methods with new technologies in 2024.
Snow Lake Energy Announces Positive Preliminary Results from Drill Program at the Engo Valley Uranium Project
Snow Lake Resources Ltd., a uranium exploration company, has announced promising preliminary results from eight initial reverse circulation drill holes at its Engo Valley Uranium Project in Namibia. The company also started a winter drill program at the Snow Lake Lithium Project. The data revealed significant uranium mineralization in five of the drilled holes. The CEO of Snow Lake emphasized the potential of the Engo Valley project given the increasing demand for uranium from major tech companies investing in nuclear power. The ongoing drill program aims to confirm historical mineralization previously identified.
Myriad Uranium's Drilling at Copper Mountain Continues to Validate Historic Drill Results and Return High Grade Intercepts across the Canning Deposit
Myriad Uranium Corp. has announced promising uranium grades from drilling at the Copper Mountain Uranium Project in Wyoming, USA. The spectral gamma ray logging has confirmed high-grade uranium mineralisation at the Canning Deposit area, validating historic work done by Union Pacific. The drilling has returned significant results with several intervals reporting an average grade greater than 1,000 ppm eU3O8 and peak grade reaching up to 3,870 ppm eU3O8 in borehole CAN0021. These findings are yet to be confirmed by chemical assay of core and reverse circulation samples.
Dark Star Announces Definitive Option Agreement for Uranium Assets Located in the Central Mineral Belt of Newfoundland and Labrador
Dark Star Minerals Inc. has entered into a definitive option agreement with Cronin Exploration Inc. to acquire up to 100% of Cronin's right, title, and interest in the Ghost Lake mineral claims in Newfoundland and Labrador. Dark Star's CEO, Marc Branson, expressed excitement over the potential of the property, which is located in the Central Mineral Belt of Labrador, a region known for uranium mineralization. The Ghost Lake Property consists of 28,575 ha of claim blocks and is surrounded by properties held by Atha Energy Corp. and overlaps trends with known deposits such as Paladin Energy Ltd.'s Michelin Uranium Project and Labrador Uranium Inc.'s deposits.
Appia Secures an Additional Mineral Claim at its PCH Ionic Adsorption Clay Project, Goias - Brazil
Appia Rare Earths & Uranium Corp. has secured an additional mining claim on the Eastern border of its existing claims at the PCH project through a public bidding process. This new claim will increase the total project area by 1,969.06 hectares, making the total area 42,932.24 hectares. The expansion allows Appia to potentially increase its rare earth mineralization. The President of the company believes that this new claim will extend the potential of their Eastern targets, Taygeta and Merope, which have shown consistent mineralization and strong results for magnet rare earths.
Xplore Resources Identifies Priority Targets for Upcoming Drill Program at Surge Lithium Project, Ontario
Xplore Resources Corp. has completed its surface exploration program, identifying new drill targets at its Surge Lithium project in northwest Ontario. The project is adjacent to Green Technology Metals' Root Bay Project, which is showing strong results. The Root lithium area is experiencing rapid growth, with encouraging results from a 14,000 m ongoing drilling campaign. Xplore's Surge property is located along 10 km of the Root Bay Lithium Trend. Recent data from an airborne Lidar survey, mapping, and ground prospecting have refined drill targets for an upcoming program.
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