Mining News Releases & Company Updates - Page 123
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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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CopperEx Resources Corporation Announces Grant of Options
CopperEx Resources Corporation has granted 272,500 options to its directors and officers, exercisable at Cdn$0.27 per common share for a period of five years, ending on November 9, 2029. The options will be vested over 18 months starting from May 9, 2025. The grant is subject to approval from the TSX Venture Exchange. CopperEx, a copper and gold exploration company, has projects in Chile and Peru. Its flagship property is Exploradora Norte in Northern Chile, where it holds the option to earn 65% and a preferred option for an additional 35% with no attached royalty.
Solis Minerals Encounters Copper Mineralisation Encountered During Reconnaissance at Canyon Project
Solis Minerals Limited has confirmed the presence of widespread copper oxide mineralisation at the Canyon Project in Peru. Initial sampling found copper occurrences over a distance of 400m. High levels of copper and molybdenum were also found, indicating a porphyry-style mineralisation. The company plans to conduct follow-up remote sensing, mapping, and rock geochemistry to identify prospective zones within their large application area. Future drilling programs across multiple copper projects in the Coastal Belt of Peru are planned from Q1 2025.
Magnum Goldcorp Announces Share Consolidation
Magnum Goldcorp Inc. has announced that starting from November 15, 2024, its common shares will trade on a post-consolidated basis of four old shares for one new share. The consolidation, believed to be in the company's best interest, will allow greater opportunities for future financing. The company's name and symbol remain unchanged. The new CUSIP for the post-consolidated shares will be 55973N502 and the new ISIN will be CA55973N5029.
Lara Exploration Ltd.: Operational Restart at The Celesta Copper Project in Brazil
On November 12, 2024, Lara Exploration Ltd. announced that mining and processing have resumed at the Celesta Copper Project in Brazil. An additional 3,545m of resource definition drilling was conducted during the reinstatement of permits and revival of the processing plant. The company expects a gradual increase in operations in the coming months. Lara holds a 5% net profit interest in the project, without the need to contribute to the re-start costs, and a 2% NSR Royalty on production. Lara Exploration follows the Prospect and Royalty Generator business model, and it has prospects, deposits, and royalties in Brazil, Peru, and Chile.
Nevada Organic Phosphate Inc.: 2025 Focus
Nevada Organic Phosphate Inc., a company based in British Columbia, has reported significant progress in its exploration for organic, sedimentary raw rock phosphate at its Murdock Property in Northeast Nevada. Financially, the company has raised $1,592,100 since January 2022 and spent $994,961 on exploration. It is now focusing on a $500,000 private placement to fund exploration activities into 2025. Geological surveys have confirmed the presence of high-quality phosphate mineralization across several new areas within the Murdock Property. Three new applications covering an additional 6,011 acres have been added, potentially bringing the total rock phosphate to 200-220 million tonnes.
Equity Metals to Acquire 100% of the Arlington Gold Property, British Columbia; Provides Silver Queen Drilling Update
Equity Metals Corporation signed an agreement with Origen Resources to acquire a 100% interest in the Arlington Property, covering 3,583.89 ha in British Columbia. The deal requires cash payments, exploration spending, and share issuance, with Origen retaining a 2% royalty.
Spearmint to Diversify into Crypto
Spearmint Resources Inc., a Vancouver-based mining company, plans to diversify a portion of its cash reserves into the cryptocurrency market. The decision follows a favorable sentiment towards crypto after the Republican Party's victory in the USA election. The company believes that high-quality crypto might offer better long-term prospects than banking rates. However, Spearmint has clarified that it will not allocate more than 20% of its cash to this plan, ensuring it remains primarily a mining company. The company's projects include four in Clayton Valley, Nevada, focused on lithium and gold.
Japan Gold's Dr. Keiko Hattori Awarded with Duncan R. Derry Medal
Dr. Keiko Hattori, a Director at Japan Gold Corp., has been awarded the prestigious Duncan R. Derry Medal by the Mineral Deposits Division of the Geological Association of Canada. This award is the highest honor given annually by the MDD to an economic geologist who has made significant contributions to the field in Canada. Dr. Hattori's research spans a wide range of geoscience topics and has greatly contributed to regional exploration for uranium, porphyry copper, and epithermal gold deposits. She has also published over 170 peer-reviewed papers and has served on executive councils for more than 15 organizations and professional societies.
Ximen Mining Corp Visible Gold Intersected in Hole 7 at the West Zone, Brett Epithermal Gold Property - Vernon BC
Ximen Mining Corp. has announced the intersection of visible gold in hole 7 of its drilling program at the Brett epithermal gold project near Vernon, British Columbia. The hole was drilled to test the extent of the West Zone alteration zone. The results show that the West Zone is a major gold-bearing zone associated with clay-altered faults and significant amounts of disseminated pyrite, as well as quartz and pyrite veinlets. The discovery represents a significant advancement in the exploration of the site.
SRC Provides Ballarat 2024 Exploration Update
Stakeholder Gold Corp. has announced the results of their 2024 exploration program undertaken on their Ballarat Gold Project in the Yukon Territory, Canada. The program aimed to gather more information on gold and copper anomalies initially identified in 2016. Key findings include the identification of structural controls related to gold in soil trends in the Skye Gold Zone, and a zone of anomalous copper in soils in the Loki Copper Zone, indicating potential for mineralization. Multiple other potential target areas were also identified based on soil geochemistry and structural settings within previously unexplored parts of the property.
Kapa Gold Submits Exploration Permit for Blackhawk Project
KAPA GOLD INC. has announced its intention to conduct mineral exploration activities under a Zero New Disturbance Program at its Blackhawk Gold Project in California. The program, emphasizing environmental stewardship, will use existing roads and previously impacted areas to avoid new disturbances. It also includes environmental monitoring, innovative low-impact drilling to minimize water use and dust generation, and regulatory compliance. The company plans to drill 30 holes, each about 65 meters deep, using a low ground pressure tracked sonic drill rig. All exploration will avoid environmentally sensitive areas and a biological monitor will ensure no critical species are affected.
Canadian Copper Announces Private Placement & Lead Order by Ocean Partners
Canadian Copper Inc. has launched a non-brokered private placement of up to 10 million units at $0.15 per unit, aiming to raise up to $1.5 million. The company has already secured an initial lead order of $500,000 from Ocean Partners Holdings Limited. The funds raised will be used to complete the Preliminary Economic Assessment of the economic potential of processing the Murray Brook deposit at the Caribou Complex. The company has chosen SGS Canada Inc. to complete the metallurgical program for the Murray Brook deposit. The company has also applied for financial assistance from the Atlantic Canada Opportunities Agency.
Nova Pacific Signs Option Agreement to Acquire the Anita Property
Nova Pacific Metals Corp. has entered into an option agreement to acquire full ownership of nine mineral tenures, covering about 658 hectares, near its Lara Project on Vancouver Island, British Columbia. The property contains similar geological features to those hosting the company's Lara deposit and other polymetallic sulphide occurrences in the area. Past explorations by Falconbridge Ltd. in the 1980s outlined significant metal sulphide mineralization on the property.
Red Metal Resources Announces New Board Member
Red Metal Resources Ltd. has announced the appointment of Matt Parent to its Board of Directors. Parent, an entrepreneur with over 35 years of experience in business strategy and operations, has developed businesses in various industries, including transportation and logistics. He holds a Bachelor of Commerce Degree from the University of Windsor, an accounting degree from Athabasca University, and has completed several finance-related courses. Caitlin Jeffs, CEO of Red Metal, expressed enthusiasm about Parent's appointment and his potential to contribute to the company's growth. Red Metal Resources is a mineral exploration company, primarily focused on clean energy and strategic minerals projects.
Lion One Commences Development of High-Grade Roscoelite Zone at Tuvatu Gold Mine in Fiji
Lion One Metals Limited has begun the development of a new high-grade roscoelite zone at its Tuvatu high-grade alkaline gold mine in Fiji. The initial bulk sample of the near-surface roscoelite zone has yielded 11.6 g/t gold from 861 tonnes of material. The company is now integrating this gold-rich roscoelite material into its mine plan. The roscoelite veining is directly linked to high-grade mineralization at other gold mines, including the Vatukoula and Porgera mines, which have produced millions of ounces of gold.
Orecap Portfolio Company American Eagle Gold Announces $29M Strategic Investment by South32
South32 will invest $29M for a 19.9% stake in American Eagle Gold at a 15% premium, strengthening the company's financial position. This marks South32's role as a strategic investor alongside Teck, allowing American Eagle to enhance exploration at the NAK project.
Silver Dollar Outlines Exploration Drilling Plan for Ranger-Page Project in Idaho's Silver Valley
Silver Dollar Resources Inc. announces its initial exploration plan for the Ranger-Page Project, located in the Coeur d'Alene Mining District. The project covers six historic mines and has access to local infrastructure and a skilled workforce. Modern exploration techniques have been applied for the first time since 2022, identifying several anomalies and exploration targets. The initial drill target is the Crown Point Mine area, which is expected to restart production in 2025.
Homerun Resources Inc. Letter of Intent with Veracel Celulose for the Development of Logistic Setup and Community Relations for the High Purity Silica Sands Originating from the Belmonte Silica District
Homerun Resources Inc. has entered a non-binding Letter of Intent with Veracel Celulose S.A. to explore opportunities to use and expand Veracel's existing logistics setup for the transportation of silica sand. This partnership aims to foster cost savings and increased productivity. The companies also plan to jointly develop community relations actions to ensure local stakeholders benefit from their operations. Homerun will identify logistic partners for silica sand transportation and contribute to road maintenance, while Veracel will support Homerun in developing business relationships and allow Homerun to operate through its Belmonte Maritime terminal.
EDM Announces Further Increase to Non-Brokered Private Placement of up to C$1.8m
EDM Resources Inc. has increased its non-brokered private placement due to additional investor demand, offering up to 16,363,636 units at a price of C$0.11 per unit, aiming to raise total gross proceeds of up to C$1.8 million. Each unit comprises one common share and one share purchase warrant, which allows the holder to purchase a common share at C$0.14 within 36 months from the issue date. Proceeds will be used for environmental and permitting work at Scotia Mine and for general corporate working capital. Participation of certain directors and insiders in the offering is deemed a "related party transaction", but is exempt from specific regulatory requirements.
Nexus Provides Corporate Update
Nexus Uranium Corp. has announced plans to begin exploration at the Cree East uranium project in January 2025, following monetization of their interest in the Independence project, which raised over C$1.2 million. The company has also engaged Canaccord Genuity Corp. as a financial advisor to assist in finding strategic opportunities and improving access to capital. Canaccord will be compensated C$75,000 in shares. Nexus Uranium is also renewing a marketing program. The details of the Cree East drill program will be announced later in the month.
Silver Bullet Mines Announces Confirmatory Assay Results on Silver Concentrate from Super Champ
Silver Bullet Mines Corp. (SBMI) has received positive assay results from samples of the Super Champ concentrate, processed by an independent lab. The property, owned by a third party, is leased perpetually by SBMI. Recent results show high levels of silver, and a gold value of .52 ounces (16.16 grams/ton), indicating an increase in concentrate value. The results also confirm the accuracy of SBMI's lab data. The company is now negotiating the concentrate's sale, with timing dependent on buyer demand. SBMI continues to process and stockpile material from the Super Champ.
MineHub Launches Assay Exchange Dashboard to Revolutionize Concentrates Management
MineHub Technologies has introduced its Assay Exchange Dashboard, a tool designed to help mining companies optimize their concentrates operations through real-time, data-driven decisions. The Dashboard provides a detailed overview of concentrates deals, including shipment tracking and assay workflow status. It draws on external data from labs and other third-party sources, allowing users to manage the assay exchange process effectively. The tool is expected to streamline operations and reduce assay exchange times by up to 10 days. It also provides insights to help customers improve their concentrates business strategies.
Fathom Nickel Announces Amended Non-Brokered Unit Offering
Fathom Nickel Inc. has announced the addition of a flow-through unit component and an amendment to the pricing of their proposed private placement of hard dollar units. The new component will be offered at $0.04 per unit, with each unit consisting of a common share and half of a common share purchase warrant. The hard dollar units' price has been amended to $0.035 per unit due to limitations from the Canadian Securities Exchange. The maximum expected gross proceeds from this offering are approximated to be $750,000. The funds raised will be used for general exploration expenditures qualifying as "flow through critical mineral mining expenditures" by the end of 2025.
Los Andes Copper Announces Corporate Update
Los Andes Copper Ltd. has provided updates on its various projects and initiatives. The company carried out a UAV magnetic survey over certain areas of their property and the Vizcachitas Project, confirming previous geological work and further identifying targets. They also launched the second Female Entrepreneurs program and renewed a partnership to develop mining-related skills at local educational institutions. Two agreements were signed to investigate environmental offset potential for the Vizcachitas Project. Community engagement efforts included a door-to-door outreach program reaching 1,930 residents and a collaboration with a local water association.
Elemental Altus Royalties to Release Q3 2024 Results on November 18, 2024
Elemental Altus Royalties Corp. is set to release its Q3 2024 results on November 18, 2024, with an investor webcast to discuss the results scheduled for November 19, 2024. The company is an income-generating precious metals royalty company, focused on acquiring uncapped royalties and streams over producing or near-producing mines. The eventual goal of Elemental Altus is to build a global gold royalty company, offering investors exposure to gold with reduced risk and strong growth potential.
North Peak Intersects 85.7 g/t Au over 3.0m (10ft) within 12.0 g/t Au over 22.9m (75ft) on a New Western Trend to Wabash
North Peak Resources Ltd. has announced the assay results of its recently completed Phase 2, 15-hole surface drilling program from the Prospect Mountain North area in Nevada. The highlights include PM24-039, which intersected 22.9m with 12.0 g/t Au, including 3.0m with 85.7 g/t Au, demonstrating the potential for further expansion in the area. The second phase of the drilling program was designed to follow up on earlier successful drilling. The company's CEO, Brian Hinchcliffe, stated that the intersections demonstrate that the high-grade gold that the area is known for is still present.
Sanu Gold Announces Start of Drilling at its Daina Gold Permit
Sanu Gold Corporation has announced the commencement of the Phase 1 2024 drilling campaign at its Daina gold exploration permit in Guinea, West Africa. The drilling program will test five targets at Daina, including some new, undrilled ones and follow up on previous high-grade intercepts. The Daina permit is located near areas explored by major gold miners such as AngloGold Ashanti, a strategic shareholder in Sanu Gold. The targets were selected based on strong gold results from auger-hole and promising geochemical and geophysical trends. The program includes up to 3000m of air core and RC drilling in 25 to 35 holes. Additionally, assays from all 22 holes of the first-ever drill program at the D
Appia Successfully Concludes Diamond Drilling Program Intercepting Potential Highgrade Mineralization on all three Drillholes in Goias, Brazil
Appia Rare Earths & Uranium Corp. has concluded its diamond drilling program in the SouthWest Extension Zone of Target IV at its Ionic Adsorption Clay project in Goias, Brazil. The program completed three drillholes totaling 450.7 metres, successfully intercepting the expected carbonatitic breccia and highly altered hardrock zones. The company's President, Stephen Burega, stated that the program successfully identified carbonatitic breccia beneath previously reported high-grade clay material, hinting at a continuation of similar grades in the hardrock mineralization at depth. This development presents a significant opportunity to further showcase Target IV and the entire project's potential.
Elysee Announces Results for the Nine Months Ended September 30, 2024
Elysee Development Corp. has announced its unaudited financial results for Q3 2024, showing significant financial growth compared to the same period in the previous year. The net income was $963,981, compared to a net loss of $1,400,850 in Q3 2023, and total investment income was $1,119,668, compared to a loss of $1,306,361 in the same period in 2023. Net Asset Value per share increased to $0.43, up from $0.39, and cash on hand rose to $1,961,829, up from $849,798. The increase in value was primarily due to the strong performance of the company's portfolio
K2 Gold Provides Fall Exploration Update
K2 Gold Corporation has announced updates on its exploration at the Mojave, Si2, and Wels projects in 2024. The Draft Environmental Impact Statement for the Mojave Project is complete and under review. Initial prospecting and sampling at Mojave's high-grade Gold Valley target yielded the first visible gold. The company also conducted detailed prospecting and sampling at the Soda Canyon copper trend and the Cerro Gordo target area. The Si2 Project is nearing completion of geological studies designed to better understand the gold-bearing epithermal system. The Wels Project has undertaken soil sampling over the unexplored western half of the property. The 2024 exploration strategy focused on grassroots exploration and generating new targets through sampling and mapping.
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