Mining News Releases & Company Updates - Page 124
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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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Dryden Gold Intersects 8.93 g/t Gold Over 12.45 Meters Including 32.96 g/t Gold Over 2.73 Meters at Elora
Dryden Gold Corp. has announced promising results from its Phase Five drill program at the Elora Gold System, located in the Gold Rock Camp. A notable highlight was hole KW-24-024, which intercepted a mineralized zone at approximately 190 meters from the surface, yielding 8.93 g/t gold over 12.45 meters. This is Dryden Gold's deepest and widest high-grade intercept at Elora to date. The company has already begun a follow-up drill campaign to expand the down-plunge potential and strike expansion at Elora, based on these results. The results have furthered understanding of the controls of high-grade gold mineralization and revealed a gold-bearing hanging wall structure.
Scorpio Gold Participates in 121 Mining Investment Dubai and Embarks on European Roadshows
Scorpio Gold Corporation has announced its participation in the 121 Mining Investment Dubai conference on November 19-20, 2024 and a European roadshow starting in Zurich on November 12, 2024, and Paris on November 14, 2024. The company will work with Amvest Capital in Zurich and Atlantic One Financial in Paris to connect with European investors. The CEO and Vice President of Exploration will discuss the ongoing Manhattan drill campaign in Nevada and upcoming mineral resource estimate due in Q1 2025. The company invites interested investors to request a meeting with management.
Silicon Metals Corp. Announces the Appointment of Leighton Bocking as President of the Company and Provides Corporate Update
Silicon Metals Corp. has appointed Leighton Bocking as President of the company, who will also remain on the Board of Directors. He brings over 18 years of experience in capital markets and has been instrumental in financing and structuring private and public companies, particularly in the junior mining resource sector. The company also announced updates on its operational advancements, including full rights and interest in the Ptarmigan Silica Project, as well as option agreements for the Silica Ridge and Longworth Silica Projects. Furthermore, Kyler Hardy of Cronin Exploration Inc. has been appointed to the company's Advisory Board.
Andean Precious Metals Reports Third Quarter 2024 Operating and Financial Results
Andean Precious Metals Corp. reported record financial results for Q3 2024, with a record $98.1 million in cash and investments, driven by a record $17 million in free cash flow and $23.4 million in operating cash flow. The company posted consolidated revenue of $68.4 million, and a gross profit of $21.4 million which was mainly due to strong average realized gold and silver prices and lower operating costs. The company also achieved a net income of $8.2 million, and produced 29,284 gold equivalent ounces. The Golden Queen operation produced 14,025 gold equivalent ounces, compared to 16,986 ounces in Q2 2024.
Goldmoney Inc. Reports Results for the Quarter Ended September 30 2024
Goldmoney Inc. announced its financial results for Q2 of fiscal 2025. The company reported a Group Tangible Capital of $135.3 million, showing a 1.1% increase QoQ, and a Group Tangible Capital per share of $10.26. When excluding MENE, the Group Tangible Capital per share was $9.30, an increase of 7.3% QoQ. However, the company's Adjusted Net Income was $4.4 million, marking a decrease of 34.2% QoQ.
AJN Resources Inc. Intends to Close $651,700 Private Placement Financing
AJN Resources Inc. has announced plans to close a non-brokered private placement of units at a price of $0.12 per unit, intending to issue a total of 5,430,833 units for gross proceeds of $651,700. Each unit will consist of one common share and one share purchase warrant, which allows the holder to purchase an additional common share at $0.15 for a two-year period. The funds from the private placement will be used for property exploration, buying mineral properties, and working capital. The company will rely on an exemption from related party requirements for insider participation in the private placement.
Zodiac Gold Enters into Market-Making Services Agreement
Zodiac Gold Inc., a West-African gold exploration company, has signed a Market-Making Services Agreement with Velocity Trade Capital Ltd. on September 3, 2024. The purpose of the agreement is to improve the liquidity of Zodiac Gold's common shares on the TSX Venture Exchange. Velocity Trade will be compensated CDN$6,500 per month for its services and can potentially acquire an interest in the securities of Zodiac Gold in the future. The initial term of the contract is two months, with automatic renewal for one-month periods unless termination notice is given. Velocity Trade is a private investment dealer based in Toronto, Ontario.
Surge Files NI 43-101 Technical Report
Surge Battery Metals Inc., a Canadian-based mineral exploration company, has filed a technical report on SEDAR detailing the mineral resource estimate for the Nevada North Lithium Project in Elko Country, Nevada, USA. The report was required under NI 43-101 due to the mineral resource estimate disclosed in September 2024. Authors Bruce M. Davis and Jeffrey D. Phinisey, both Qualified Persons under NI 43-101, reviewed and approved the information. The Nevada North Lithium Project, owned by Surge, focuses on exploring for high-grade lithium metal, crucial for powering electric vehicles. Surge aims to contribute to the sustainable future of the electric vehicle industry through its active engagement in lithium exploration.
Golden Rapture Mining High-Grade Results and $5,000,000 Equity Draw-Down Updates
Golden Rapture Mining (GLDR), which started trading in March 2024, has reported strong exploration results from its Phillips Township Gold Property in NW Ontario. The company discovered near-surface high-grade gold and confirmed the presence of shallow high-grade zones around old mine shafts, with drill results as high as 285.00 g/t Au. It has also found large piles of quartz material with sample results as high as 125.05 g/t Au. The company believes these discoveries highlight the property's potential for open-pit mining. In addition, GLDR has a $5 million equity draw-down facility with Crescita Capital LLC, providing access to capital for three years. The company has been active in exploration programs since April 202
Cumberland Resources Stakes 44 Prospective Claims in Ontario
Cumberland Resources Nickel Corp. has successfully staked 44 single-cell unpatented mining claims in Darling Township, Ontario, covering approximately 800 hectares. The area is rich in infrastructure and has documented occurrences of antimony, a critical mineral in energy storage and defense technologies, along with copper, gold, and silver. The new claims highlight Cumberland's commitment to mineral exploration in North America and position the company as a potential key supplier of this strategic resource.
Besra Gold Refers To: Quantum Metal Sdn Bhd
Besra Gold Inc.'s largest CDI holder, Quantum Metal Recovery Inc, has informed Besra about a petition for the winding-up of Quantum Metal Sdn Bhd (QM Malaysia) by the Malaysian Government due to delayed tax payments. However, this petition exclusively involves QM Malaysia and does not affect Quantum Metal Recovery Inc or Besra. QM Malaysia has submitted a payment proposal to the government's Inland Revenue Department and expects the petition to be withdrawn once approved.
Advanced Gold Exploration Reports on Visible Gold Discovery at Doyle Property
Advanced Gold Exploration Inc. has announced the discovery of visible gold at their Doyle Property in the Batchawana Greenstone Belt. The discovery was made during surface prospecting and is believed to be the surface expression of a drill hole completed in 1994. Assays from samples in the area returned 13.2 g/t, and 9.82 g/t gold. The discovery is the result of diligent examination by their contractor, Superior Exploration. The gold appears to be related to intense quartz veining and silicification, and a Petrographic study is being undertaken to better define the distribution of gold in the area.
Sanatana Drill Program Extends Known Mineralization at Oweegee Dome Porphyry Copper-Gold Project in BC's Golden Triangle
Sanatana Resources Inc. has received results from its four-hole, 2,359m drilling program at the Oweegee copper-gold porphyry project in Northern BC. The findings show that copper-gold mineralization has extended 120m northwest, indicating the presence of a nearby potassic center. The drilling also indicates post-mineral thrust faults. The assays results from drill hole OW-24-03 report 44.9m at 0.55% Copper equivalent from 291m. This expands the footprint of the porphyry and confirms that the Triassic-aged system has been affected by post-emplacement faulting.
RETRANSMISSION: Peak Signs Suriname Agreement, Appoints Advisory Board and Announces Financing
Peak Minerals Ltd. has signed a Binding Letter of Intent to acquire the Tapanahony Gold Project in Suriname, South America. The project covers 29,000 hectares of significant artisanal mining and historical exploration. Alongside this, Peak has formed an advisory board and arranged a non-brokered private placement to raise up to $2 million. Peak can acquire an initial 60% interest in Tapanahony by staged issuance of shares and cash payments. Suriname has a history of successful gold exploration and is internationally recognized as a mining-friendly nation.
Premium Nickel Extends Selebi Mines Study Phase and Provides Operational Update
Premium Nickel Resources Ltd. has extended the study phase for the Selebi Mines project until February 1, 2026, following successful completion of work and investment milestones. This extension allows the company an additional year to complete an economic study and make a milestone payment of US$25 million. The company is advancing its resource characterization drilling program at Selebi North and plans to start underground exploration drilling in 2025. It's also conducting engineering trade-off studies and advancing metallurgical studies to support an economic study.
Onyx Gold Confirms High-Grade Gold at King Tut Property, Yukon
Onyx Gold Corp. has announced the final results from its 2024 summer field program at the King Tut Property in Yukon's Tombstone Gold Belt. The program included soil and rock sampling, geological mapping, and data reprocessing. The results expanded the gold-in-soil geochemical footprint at the Golden Mask anomaly to 2,300 by 1,500 meters and identified a field of sheeted quartz veins at the Ra vein field with a high-grade surface rock sample of 25.1 grams per tonne gold. The reprocessing of previous airborne magnetic data provided detailed subsurface outlines of the Golden Mask and Ra targets, refining the Company's understanding of these bodies and supporting the development of precise drill targets for future exploration.
Thunder Gold Engages Apaton Finance GmbH
Thunder Gold Corp. has hired Apaton Finance GmbH, a German financial PR and investor relations agency, to provide marketing and investor relation services in Europe. Apaton has been hired for a two-month term for a payment of EUR 10,000 and does not hold any interest in Thunder Gold or its securities. The company hopes to attract European investors, particularly to its flagship Tower Mountain Gold Property, located adjacent to the Trans-Canada highway, west of Thunder Bay, Ontario. Gold at this property is located within altered rocks, with anomalous gold extending out for over 500 meters along a 1,500-meter strike length, to depths of over 500 meters from surface.
China Goldcorp Ltd. - Grant of Options
China Goldcorp Ltd. has granted 200,000 stock options each to its directors, Gordon Campbell, Joe K.F. Tai, and Charlie Kuo, totaling 600,000 options. These options, part of the company's stock option plan, allow the purchase of up to 600,000 common shares at $0.10 per share until November 11, 2034. The grant, which constitutes a related party transaction, is exempt from requirements to obtain a formal valuation and minority shareholder approval. China Goldcorp, a Capital Pool Company listed on the TSXV, is engaged in identifying and evaluating assets or businesses for a qualifying transaction.
Sabre Gold Completes the Repurchase of Royalty on the Copperstone Gold Project
Sabre Gold Mines Corp. has completed its announced repurchase of the 1.5% net smelter returns royalty on the Copperstone Gold project from Trans Oceanic Minerals Company Ltd. for $1.25 million USD. The purchase price was satisfied by transferring a 0.5% royalty on the 3 Aces project, owned by Seabridge Gold Inc., to Trans Oceanic. The deal eases an economic burden on Copperstone, potentially increasing its financial viability, and allows Sabre Gold to optimize its assets while focusing on shareholder value.
Gladiator Announces C$10M Fully Allocated Private Placement with Strategic Investors
Gladiator Metals Corp. has announced a non-brokered private placement to raise gross proceeds of C$10,000,000. This will be achieved through the issuance of 11,612,903 Charity Flow-Through common shares at $0.775 per share and 2,000,000 Non-Flow-Through common shares at $0.50 per share. The raised funds will be used to fund an exploration program at the Whitehorse Copper Project in Yukon, including diamond drilling at advanced prospects and new high-grade copper targets. The offering is expected to close on November 29, 2024, subject to certain closing conditions and necessary approvals.
Brent Omland, CEO of Ocean Partners Joins Canadian Copper's Board of Directors
Brent Omland, CEO of Ocean Partners Holdings Limited, has joined the Board of Directors at Canadian Copper Inc. Omland and Ocean Partners were instrumental in Canadian Copper's acquisition of the Murray Brook Project. Canadian Copper is looking to broaden its board's expertise in project development, construction financing, and commodity trading experience, particularly with the proposed acquisition of the Caribou Processing Complex. Omland, a veteran in the mining, metals, and trading business, believes Canadian Copper offers a unique development opportunity in junior base metals.
Awalé Hits 14.7 g/t Gold over 59 Metres at the Charger Zone, Odienné Project
Awalé Resources Limited has reported successful results from its final four holes at the Charger target in the Odienné Project, including 14.7 g/t Au over 59m in drill hole OEDD-100. This follows previous high-grade intercepts in holes OEDD-83 and OEDD-88. The results reveal a high-grade gold zone with strong continuity and significant resource potential, with a 200m-long corridor identified. The company has also established the breccia's true width at over 30 metres and has evolved its understanding of Charger's structure, which should aid future exploration.
Aurania Nickel Samples from Corsica Yield Precious Metals as Well as Cobalt and Copper
Aurania Resources Ltd. has reported preliminary results from mineral processing studies on a sample of magnetic sand from Nonza Beach, Corsica. The studies, conducted by SGS Laboratories, revealed that the sand contains the nickel-iron alloy awaruite. The beach, which is approximately 1350 meters long and 350 meters wide, displays up to 31.7% magnetic material, with a magnetic concentrate of the sand yielding 40.1% nickel. Further studies are underway to determine the marketability of the mixed awaruite-magnetite, and to explore identical sands at the nearby Albo Beach. A nearly pure awaruite concentrate was isolated, containing 71.4% nickel.
Exploits Announces Increase in Flow Through Share Private Placement
Exploits Discovery Corp. has increased its Offering of FT Shares from the previously announced $160,000 to $240,000, as per a news release on November 11, 2024. The details of the FT Share Offering remain the same as disclosed in the November 5th news release. The shares will not be registered under the United States Securities Act of 1933 and cannot be sold or offered to U.S. persons without registration or exemption. Exploits Discovery Corp. is a Canadian mineral exploration company, focused on developing mineral projects in Newfoundland and Labrador, Canada.
Kingsmen Selects Diamond Drill Targets at Las Coloradas Project
Kingsmen Resources Ltd. is progressing with its exploration program on its 100% owned Las Coloradas project, located in the Parral mining district of the Central Mexican Silver Belt in Chihuahua, Mexico. The company has chosen three main target areas for its planned diamond drill program: the Mine, Aguilar, and Leona. The Company's recently announced private placement is fully subscribed and will close once final approvals have been received from the TSX Venture Exchange. Kingsmen has also granted 1,300,000 incentive stock options to directors and officers at a price of .36 cents per share for two years.
American Eagle Announces $29 Million Strategic Investment by South32
American Eagle Gold Corp. has entered into a subscription agreement with South32 Ltd., a wholly owned subsidiary, which will see South32 invest around $29.16 million in the company. As part of the agreement, American Eagle will issue over 33 million common shares at a 15% premium. The funds raised will be used to build on the successes of American Eagle's 2024 drill program. After the deal's completion, American Eagle will hold approximately $37 million in cash.
Arrow Announces Fifth Ubaque Horizontal Well Results
Arrow Exploration Corp., an operator with assets across Colombian hydrocarbon basins, announced operational updates. The CNB HZ-6 well is now operational, having started with an initial rate of 2,250 BOPD gross. After installing an electric submersible pump, the well's current flow rate exceeds 1,900 BOPD gross. The water disposal facility at the CNB pad started operating on November 2, 2024, allowing Arrow to increase pump rates and production. The CNB HZ-7 well was spud on October 22, 2024. The corporation's net production is over 5,305 BOE/D, which includes CNB HZ-6, with a cash position over
Thor Explorations Announces Third Quarter 2024 Financial and Operating Results, for the Three Months Ending September 30, 2024
Thor Explorations Ltd. has released a financial review for Q3 2024, highlighting its operations at the Segilola Gold mine and other mineral exploration properties in Africa. The report showed 18,167 ounces of gold sold at an average price of $2,328 per ounce, generating a revenue of $40.2 million and a net profit of $17.5 million. The company also reduced its senior debt facility to $3.9 million, which is expected to be fully repaid by the end of Q4. Additionally, Thor transitioned from a net debt position of $2.7 million to a net cash position of the same amount within the quarter. Operational highlights included an increase in productivity and a reduction in gold
Pelangio Exploration Inc. to Attend the 2024 Precious Metals Summit Zurich
Pelangio Exploration Inc. has announced its attendance at the 2024 Precious Metals Summit in Zurich from November 14-15, 2024. The event will serve as a platform for Pelangio to present developments on its Manfo gold project in Ghana, including an update on the Mineral Resource Estimate (MRE) expected by December 2024. The company invites interested parties to connect during the event. Pelangio Exploration is a Canadian-based mineral exploration company focused on advancing its gold projects in West Africa and Canada.
Peak Signs Suriname Agreement, Appoints Advisory Board and Announces Financing
Peak Minerals Ltd. in Vancouver has signed a Binding Letter of Intent to potentially acquire the Tapanahony Gold Project in Suriname, South America. The company has also formed an Advisory Board and arranged a non-brokered private placement to raise up to $2 million. The Tapanahony Gold Project has multiple gold targets and covers 29,000 hectares of significant mining and historical exploration. Peak has the option to acquire a 60% interest in the project through staged issuance of shares and cash payments.
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