Mining News Releases & Company Updates - Page 122
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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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QC Copper: Thierry Drill Core Resampling Program on Bulk Tonnage K1 Deposit Now Completed
QC Copper has completed a core sampling program at Cuprum's Thierry Copper Project to further understand the K1 bulk-tonnage resource. The program, which was highly cost-effective, involved resampling previously unsampled areas from existing drilled cores. Around 1,100 metres of historical core, or 690 samples across 34 drill holes, were identified for this. The resampling could help identify more mineralization around K1, potentially increasing resources and improving the geological model. A business merger between Cuprum and QC Copper is expected in December.
Bullion Prepares $1M Financing and Presents Summary of Its Gold and Polymetallic Projects
Bullion Gold Resources Corp. plans to conduct a non-brokered private placement to raise a minimum of $1 million for its Bodo Project and other corporate needs. They will issue units of the company and flow-through (FT) units to raise this capital. Each unit will consist of a common share and a common share purchase warrant, while each FT unit will consist of a flow-through common share and a warrant. The Bodo project, located near Lake Mistassini, is a potential polymetallic system with indications of gold, silver, copper, lead, zinc, and molybdenum.
Premium Nickel Intersects Significant Lengths of Mineralization at Selebi North: 28.70 Metres of 3.45% CuEq or 1.67% NiEq
Premium Nickel Resources Ltd. has announced high-grade assay results for ten additional holes at its Selebi North underground mine in Botswana. These results, part of a series of in-fill drilling results at the Selebi North deposit, continue to demonstrate favorable grades and widths. The results are pending for around 14,000 meters of in-fill and expansion drilling. The details of the assay results for specific holes and their locations relative to the Mineral Resource Estimate and underground infrastructure can be found on the company's website.
T2 Metals Receives Drill Permit Valid Until July 2027 for the Sherridon Copper-Gold-Zinc Project, Manitoba
T2 Metals Corp., a mining company, has obtained a new drill permit for the Sherridon copper-gold-zinc project in Manitoba. The permit, granted by the Manitoba Permit Office, allows for drilling over a larger area than the previous permit issued in 2023, and will be valid until July 2027. The Sherridon project is situated in a well-known volcanogenic massive sulphide camp in Manitoba, with a notable history of mining and exploration. The new permit will allow for the exploration of many targets at Sherridon, including areas not previously drilled.
Millennial Potash Provides Update on Port and Power Plant Construction at Its Banio Potash Project
Millennial Potash Corp. has updated on the infrastructure development at its Banio Potash Project in Gabon, including progress at the Mengali Port and a new thermal electricity plant. The company noted that these developments are critical for the project's advancement and economic viability. The construction of the port and power plant will also mitigate future operational risks. The Mengali Port is part of the Grande Mayumba Programme, a sustainable development venture between Gabon and the African Conservation Development Group.
South Pacific Metals Taps K92 Exploration Veteran to Lead Anga and Osena Project Drilling in PNG's Kainantu Gold District
Dean Williamson, an experienced exploration operator, has joined South Pacific Metals Corp. (SPMC) as Exploration Manager in Papua New Guinea. Williamson will use his extensive knowledge of the Kainantu area to advance the upcoming Anga and Osena Project drill programs. The company is near completion of drill planning for both projects, anticipating new discoveries due to their proximity to K92's active exploration and infrastructure. SPMC also noted the discovery of a new Anga anomaly near K92 Mining's Plant Site, and the similarities of the Irinke Prospect Assays with K92's Arakompa Discovery.
Pasofino Gold Provides Corporate Update on Potential Acquisition
Pasofino Gold Limited has updated on a potential transaction process, following the expiration of an exclusivity period with a potential acquirer. The company is now working with the counterparty on a non-exclusive basis to facilitate financing for the acquisition. Furthermore, the data room has been opened to more potential counterparties and early-stage site visits will be organized. The company will keep the market updated on any new developments regarding the potential acquisition. The Dugbe Gold Project in southern Liberia, hosted by Pasofino, has been identified with two significant deposits.
Borealis Drills 4.06 g/t Gold over 21.3 Metres Within 2.25 g/t Gold over 99.1 Metres at Historical Graben Deposit in Nevada
Borealis Mining Company has announced positive assay results from several drillholes at the Graben target, part of its 3,500 metre drill program at its Borealis Gold Project in Nevada. The drilling has shown large widths of consistent gold mineralization. CEO Kelly Malcolm expressed satisfaction at the results, which confirm a large body of near-surface gold mineralization at the Graben historical gold deposit. The company plans to return to the site for further testing in 2025. Borealis is also planning to conduct a 55,000 tonne underground bulk sample, and is engaged in other projects, including drilling, geological mapping and sampling, and planning for crushing a large stockpile of oxide mineralization.
Atomic Minerals Corp. Provides 2024 Corporate Update on Lead Projects in CDN and USA
Atomic Minerals Corp., a Vancouver-based company, has reported significant progress in its uranium exploration projects across North America. The company has made strides in Northern Saskatchewan and other projects such as Bleasdell Lake, Harts Point, Dolores Anticline, and 10 Mile Anticline. CEO Clive Massey highlighted the growth and strategic advancements the company has made in 2024, particularly in Canada and the United States. He also noted potential regulatory reforms under the incoming Republican Administration in the US that could help accelerate their exploration and development timelines. The company holds six uranium projects in Northern Saskatchewan, with initial groundwork showing positive signs for further exploration in 2025.
Kenorland Announces Follow-Up Drill Program and Commencement of Phase 2 Earn-In by Newmont Corporation at the Chebistuan Project
Kenorland Minerals Ltd. has announced plans for a winter 2025 drilling program at the Deux Orignaux prospect. The drill program, which has been approved by Newmont Corporation, will include up to 3,500m of drilling and is expected to begin in Q1 2025. This announcement comes as Newmont has provided notice to enter Phase 2 of the earn-in agreement with Kenorland, potentially earning an additional 29% participating interest in the Chebistuan project in Quebec. The Deux Orignaux target area is a prospect under an earn-in agreement with Newmont, and Kenorland will remain the operator of the project.
Orecap Portfolio Company Awalé Resources Hits 14.7 g/t Gold Over 59 Metres
Awalé Resources reported high-grade gold results from its Odienné Project, including 14.7 g/t Au over 59m, confirming a 200-metre gold corridor. Orecap holds 8.5% of Awale shares. The company plans to continue drilling with a 4000m program at the Charger target.
Aurania Announces Non-Brokered Private Placement of up to C$4.0 Million and Debt Settlement
Aurania Resources Ltd. announced its plan to complete a non-brokered private placement financing of up to 7,272,728 units at a price of C$0.55 per unit, aiming to raise a total of C$4,000,000. They also hold the right to increase the offering size by up to 25%, potentially raising an additional C$1,000,000. The proceeds will be used for exploration in France, exploration programs in Ecuador, and for general working capital. The company may also pay finder's fees of up to 7% in cash or finder's warrants.
Thesis Gold Makes New Near-Surface Discovery at the Ring Zone
Thesis Gold Inc. has announced a new discovery at the Ring Zone within its Lawyers-Ranch Project in northern British Columbia. The company gained valuable technical insights through drilling two new exploration zones in the 2024 field season. The discovery supports the potential for new, high-grade deposits and can contribute to resource growth, extend mine life and enhance project economics. Initial drilling has intersected high-grade mineralization near the surface. The project has an after-tax NPV 5% of C$1.28 billion, an IRR of 35.2%, and a 2.0-year payback period.
Bonterra Resources Inc. Engages ICP Securities Inc. for Automated Market Making Services
Bonterra Resources Inc., a company based in Val-d'Or, Quebec, has announced it is hiring ICP Securities Inc. to provide automated market making services using its proprietary algorithm, ICP Premium™. The agreement is set to begin on November 11, 2024 and will last for an initial term of four months, with automatic renewals for one month periods unless terminated by either party. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. There are no performance-related factors or stock options involved in the agreement. ICP's main role will be to correct temporary supply and demand imbalances of Bonterra's shares. ICP does not currently own any Bonterra securities.
RETRANSMISSION: AMEX Exploration Delivers Exceptional PEA on Perron Gold Project
Amex Exploration Inc. announced the results of the Preliminary Economic Assessment for its Perron gold project, showing a pre-tax IRR of 59.5% and a NPV of C$948 M at a gold price of US$2,000/oz. The project anticipates an average annual production of 124,000 oz gold for the first 5 years of a 10-year lifespan. The project's initial capital expenditure is estimated at $229 million, with sustaining capital expenditure at $230 million. The assessment also predicts all-in sustaining cash costs of US$807/oz gold for the lifespan of the mine.
Canterra Minerals Drills 60 metres of 2.25% CuEq, Including 26 metres of 3.17% CuEq from Surface at the Buchans Project, Newfoundland
Canterra Minerals Corporation has reported initial results from its maiden drilling program at its 100% owned Buchans Project in the Central Newfoundland Mining District. The company holds Newfoundland's second-largest combined critical minerals inventory with seven resource-stage deposits. The Buchans Project hosts the Lundberg Copper-Zinc-Lead deposit, the most advanced critical minerals deposit in the district. The results for the first six drill holes are intended to expand the Lundberg deposit and provide initial testing of the Two Level target area. Assays are still pending for the remaining two holes. The results will be incorporated into future VRIFY AI predictive modelling to identify and target mineralization elsewhere on the property.
Orecap Portfolio Company Awalé Resources Hits 14.7 g/t Gold Over 59 Metres
Awalé Resources reported high-grade gold results from the Charger target at the Odienné Project, highlighting 14.7 g/t Au over 59m. The findings confirm a 200m gold corridor with strong continuity. Orecap holds 8.5% of Awalé shares and is optimistic about future drilling.
AMEX Exploration Delivers Exceptional PEA on Perron Gold Project
Amex Exploration Inc. has announced the results of a Preliminary Economic Assessment (PEA) for its Perron gold project in Quebec, Canada. The PEA highlights include a pre-tax internal rate of return (IRR) of 59.5% and a net present value (NPV) of C$948 million assuming a gold price of US$2,000/ounce. The project anticipates an average annual production of 124,000 oz of gold for the first five years, with a life-of-mine (LOM) of 10 years. Initial capital expenditure is estimated at $229 million with sustaining capital expenditure of $230 million. The all-in sustaining cash costs are projected at US$807/oz of gold.
RETRANSMISSION: Spearmint to Diversify into Crypto
Spearmint Resources Inc., a mining company, has announced plans to diversify a portion of its cash on hand into the crypto market. The decision follows the Republican Party's win in the US elections, which has generated a more favorable sentiment towards crypto. The company will not allocate more than 20% of the cash on hand to this plan, and intends to invest in high quality portions of the crypto market such as Bitcoin, Ethereum, or Solana. The capital will be allocated through a public firm.
Golden Horse Minerals Results of Annual General Meeting
The Annual General and Special Meeting of Golden Horse Minerals Limited shareholders took place on November 12, 2024, at the offices of Stikeman Elliott LLP in Vancouver, BC, Canada. All resolutions presented at the meeting were approved. Detailed information on these resolutions can be found in the Company's management information circular for the meeting on SEDAR+.
Anquiro Ventures and Black Pine Provide Update Regarding Qualifying Transaction
Anquiro Ventures Ltd. and Black Pine Resources Corp. have amended their merger agreement, increasing the concurrent financing from a maximum of $1,000,000 to a minimum of $1,100,000, and revising the finder's fee to up to 10% of the gross proceeds. The other terms of the merger agreement remain the same. Black Pine, a mineral exploration company, is entitled to earn a 100% interest in the Sugarloaf Copper Project, subject to certain royalties and payments.
Cumberland Resources Announces Non-Brokered Private Placement
Cumberland Resources Nickel Corp. has announced a non-brokered private placement of 15-25 million units at $0.03 each, aiming to raise between $450,000 and $750,000. Each unit contains one common share and half of a warrant, with each full warrant granting the right to purchase an additional share at $0.05 within a year of the offering's closing. The net proceeds will be used for property development and working capital, in compliance with Canadian Securities Exchange policies. The offering may be completed in multiple closings by December 20, 2024.
World Copper Files Amended Resource Estimate and Technical Report for Updated Resource Estimate for the Zonia Project
World Copper Ltd. has announced an amended mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA, due to a calculation error in the original resource estimate. The new report, "Resource Estimate for The Zonia Project 2024 Update," presents Indicated Resources of 112.2 million short tons grading 0.297% total copper, which translates to 668 million pounds of copper, and Inferred Resources of 62.9 million short tons grading 0.255 % total copper, equating to 320 million pounds of copper. These figures show slight increases from the October 2024 report, with a 3% increase in tonnage and total contained copper, and a slight decrease in grade for the Ind
Origen Options Arlington Project to Equity Metals
Origen Resources Inc. has signed an agreement with Equity Metals Corporation to earn a 100% interest in the Arlington Property in south-central British Columbia. Under the agreement, Equity Metals would have to pay $130,000 in cash, spend $250,000 on exploration, and issue shares worth $400,000 within the first anniversary of Regulatory Approval. Origen will also retain a 2% net smelter royalty, of which Equity can buy 1% for $1,000,000. The previous option agreement with Nickelex Resources Corporation for the same property has been mutually terminated.
Denarius Metals Announces Closing of Acquisition of 100% Interest in the Toral Zn-Pb-Ag Project in Northern Spain
On November 12, 2024, Denarius Metals Corp. completed its acquisition of 100% of the shares of Europa Metals Iberia S.L. (EMI) from Europa Metals Ltd. EMI, which holds the Toral Zn-Pb-Ag Project in Northern Spain, is now a fully owned subsidiary of Denarius Metals. As part of the acquisition, Denarius issued 7,000,000 common shares to Europa and also acquired Europa's receivable for all amounts advanced to EMI, amounting to around EUR 3.7 million. Denarius Metals is a Canadian company involved in the acquisition, exploration, development, and operation of polymetallic mining projects, with interests in Spain and Colombia.
Gold Springs Resource Corp. Files Q3 2024 Financial Statements and MD&A
Gold Springs Resource Corp. has released its unaudited consolidated financial statements for the three and nine months ending September 30, 2024. General and administrative expenses decreased during both periods compared to the previous year. Exploration spending also decreased to $0.45 million from $0.53 million. The company reported a net loss of $0.52 million for the nine-month period, and $0.18 million for the three-month period. As of September 30, 2024, the company had a cash balance of $0.04 million.
Lode Gold Presents Strategic Initiatives and Exploration Plans at 121 Mining Investment Event in London, UK
Lode Gold Resources Inc. will participate in the 121 Mining Investment event in London on November 14-15, 2024, to connect with potential investors and analysts. As part of its marketing efforts, the company is also planning stakeholder meetings in several European cities. Upcoming projects include planned drilling in New Brunswick in Q1 2025, follow-up drilling on newly identified targets in Yukon, and a revised mineral resource estimate in California in Q4 2024. The company also has a brownfield project with high-grade underground potential and a projected net present value of $371M. Lode Gold is inviting interested investors to learn about these plans and more by scheduling meetings or visiting their website.
Millbank Announces Closing of Non-Brokered Private Placement
Millbank Mining Corp. has completed its previously announced private placement of over 9 million units at $0.33 per unit, raising gross proceeds of $3 million. Each unit comprises one common share and one purchase warrant, allowing the holder to acquire an additional share at $0.50 until November 8, 2026. The company has also paid a cash commission of about $82,000 and issued about 248,000 non-transferable broker warrants as compensation. The proceeds from the private placement will be used for exploration work on Millbank's properties and for working capital. Company insiders have subscribed for over 333,000 units in the private placement.
Ucore Announces Private Placement Financing
Ucore Rare Metals Inc. has proposed a non-brokered private placement offering of 4,803,329 units at $0.50 per unit, aiming to raise approximately $2.4 million. Each unit includes one common share and half a common share purchase warrant, which can be exercised at $0.75 within 24 months of the closing date. The proceeds will be used for finalizing agreements, progressing engineering plans, debt servicing, and general corporate working capital for the company's planned Strategic Metals Complex. The offering's closing, expected on November 14, 2024, awaits approval from the TSX Venture Exchange.
Search Minerals Completes Option Agreement and Acquires 100% of the Two Tom Property in Labrador
Search Minerals Inc. has completed its acquisition of a 100% interest in the Critical Rare Earth Element Two Tom Property in Labrador, Canada. The transaction was completed following a final anniversary cash payment of $60,000 and the issuance of 400,000 common shares. The acquisition strengthens the company's portfolio and is expected to benefit shareholders, enhancing long-term value creation.
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