Mining News Releases & Company Updates - Page 127
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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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Commander Identifies Targets at Burn Porphyry Copper Property, British Columbia
Commander Resources Ltd. has reported the results of a property-wide airborne magnetic survey and an induced polarization survey at its Burn Copper and Gold porphyry project in British Columbia. The project has identified a gold-rich zone and a separate upper-level porphyry copper-gold zone. The company has completed a detailed geophysical airborne magnetic survey over the entire property. Drill targets have been outlined, including areas of high chargeability with high magnetic responses. The company's CEO, Robert Cameron, said the large 6 square kilometre IP anomaly on the Charleston Target require drill follow-up.
QIMC Invited to Provide Input on ARPA-E's New Request for Information (RFI) on Geologic Hydrogen Resource Exploration
Quebec Innovative Materials Corp. (QIMC) has announced its participation in an initiative led by the Advanced Research Projects Agency-Energy (ARPA-E) aimed at advancing Geologic Hydrogen Resource Exploration. The initiative aims to develop innovative ways to identify and use naturally occurring hydrogen deposits. QIMC's expertise will contribute to the development of specialized exploration technologies, improve detection accuracy, accelerate the discovery process, and study geological processes that contribute to the natural generation of hydrogen reservoirs. The collaboration aligns with QIMC's aim to enable the economic assessment, sustainable extraction, and commercialization of geologic hydrogen resources.
North Peak Announces Closing of Private Placement
North Peak Resources Ltd. has closed on its previously announced non-brokered private placement, raising a total of $1,061,250. As part of this, over 1.4 million common shares were issued at $0.75 per share. These shares will be held for four months in accordance with securities laws. The funds will be used to explore and develop the company's mining assets, further business development, and cover administrative expenses. Company CEO Brian Hinchcliffe acquired 166,666 shares for $125,000, considered a "related party transaction". The transaction was exempt from certain requirements as it was for cash and the value of securities was under $2.5 million. The company did not file a material change report
Kenorland Reports 26.67 g/t over 3.30m at the Frotet Project, Quebec
Kenorland Minerals Ltd. has announced the results of the 2024 summer exploration program at the Frotet Project in northern Quebec. The company completed drilling in six holes, totalling 3,266m. The program primarily tested step-out targets generated from the recently updated geologic model of the Regnault gold system. Significant results were returned along the R6 trend, with one highlight being 5.40m at 7.35 g/t Au including 0.75m at 26.80 g/t Au. Kenorland currently holds a 4% net smelter return royalty and operates the project.
Avalon Enters into Strategic Collaboration with Qualcomm for Mining Innovation and Technology Solutions in Canada
Toronto-based Avalon Advanced Materials Inc. has signed a memorandum of understanding with Qualcomm Technologies Inc. to collaborate on a strategic initiative focused on Avalon's Thunder Bay lithium processing facility. The collaboration will use Qualcomm's Industrial & Edge technologies to create a digital infrastructure for mining activities and develop IoT-enabled solutions. This partnership aims to transform Canada's mining sector by integrating advanced technology, promoting data-driven advancements, improving environmental performance, and boosting operational efficiency. It will also support Ontario-based technology SMEs, strengthening Canada's critical minerals supply chain.
American Pacific Reports 18.0 Metres of 1.5% Copper and 5.4% Zinc (4.4% CuEq) from Zone 2-3 at Palmer Copper-Zinc VMS Project in Southeast Alaska
American Pacific Mining Corp announced the assay results for the last nine drill holes of its sixteen-hole drill program at the Palmer Copper-Zinc VMS Project in Southeast Alaska. The summer drill program was funded by a joint venture with Dowa Metals & Mining Alaska Ltd. The 2024 drilling program aimed to further test the high-grade copper mineralization of the Palmer Deposit South Wall Zone 1 and Zone 2-3 and the nearby North Wall Alteration Zone. The results showed significant copper, zinc, gold, and silver findings, indicating a higher-grade copper core within the larger mineralized envelope.
Heliostar Announces Closing of US$10M Debt Facilities to Support Acquisition of Production Assets
Heliostar Metals Ltd. has successfully closed two debt facilities with Ocean Partners USA, Inc. and Deans Knight Capital Management Ltd., securing a total of US$10 million. These funds will be used to support Heliostar's acquisition of assets from Florida Canyon Gold Inc., which is expected to complete on November 6, 2024. As part of the loan agreement, the company has issued 1.5 million common shares. Heliostar has already drawn down US$5 million to finalize the acquisition, with the remaining balance available as needed. The company's objective is to become a mid-tier gold producer and is currently developing its wholly-owned Ana Paula Project in Mexico.
Amex Drills 134.36 g/t Au over 1.8 m to Expand the Central Polymetallic Zone and Reports High-Grade Intercepts from Multiple Gold Zones
Amex Exploration Inc. has announced the expansion of the mineralized footprint of the Central Polymetallic Zone (CPZ) which could extend the CPZ by 100 meters. Additionally, recent drilling has discovered mineralization outside of the Perron Project's already known resource, which may increase the existing resource. Amex has also successfully expanded the latest discovery on the Perron Project, the JT Zone, which now has a defined strike of approximately 450 meters with a thickness of 60 meters. The Amex team is optimizing the drilling plan to target expansion of the open pit and underground stope shapes identified in the resource.
Neotech Metals Corp. Expands US Investor Access with OTCQB Uplist, Closes LIFE Financing, and Provides Drilling Update at Hecla-Kilmer
Neotech Metals Corp. has announced its approval to uplist onto the OTCQB market and the closing of its LIFE financing for CAD$1,351,450. The company has also completed over 3,600 meters of drilling at its flagship property, Hecla-Kilmer. The OTCQB market is a U.S. trading platform for developing companies and is recognized by the Securities and Exchange Commission. The funds from the LIFE financing will be used to advance Neotech's rare earth element exploration projects in Canada. The drilling at Hecla-Kilmer, funded by Neotech's previous financing, is expected to conclude this month, after which the company will focus on geologic modeling, community engagement, and planning for future programs.
Manganese X Energy Corp. Provides Update on Resource Definition Drilling Program at its Battery Hill Manganese Deposit and Undertakes Additional Ore Sorting Testing
Manganese X Energy Corp. has announced plans to drill several parts of the Battery Hill deposit near Woodstock, New Brunswick, with the intent to upgrade specific areas of Inferred Mineral Resources to the Measured and Indicated Mineral Resource categories. This drilling program will provide around 1250 meters of core for analysis and will help finalize grade and tonnage information for a new NI 43-101 compliant Mineral Resource estimate. Furthermore, Manganese X has sent 100 core samples from Battery Hill to the TOMRA Ore Sorting Solutions lab in Germany for testing. The company is also working with Kemetco Research Inc. to operate a pilot plant for producing high purity manganese sulfate samples for potential customers.
Benz to Acquire WA Gold Projects from Spartan Resources Firm Commitments Received for A$4 Million Placement
Benz has signed an agreement to acquire the Glenburgh Gold Project and the Mt Egerton Gold Project from Spartan Resources Limited in Western Australia. This acquisition will transform Benz into a multi-jurisdictional gold-focused company. The Glenburgh project has a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces and the acquisition will complement Benz's existing high-grade resource at Eastmain. Benz plans to apply advanced geoscientific techniques to the projects, which have been underexplored. The acquisition will be funded by existing cash and investor placements, with Spartan becoming a strategic shareholder in Benz. Spartan's General Manager, Nick Jolly, will join Benz's board.
Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Metals Creek Resources Corp. plans to complete a non-brokered private placement of both flow-through and non flow-through units. The company intends to issue up to 14,285,715 flow-through units at $0.035 each, totaling up to $500,000. These units include flow-through common shares and half of a non flow-through common share purchase warrant, valid for 24 months. They also plan to issue up to 10,000,000 non flow-through units at $0.03 each, totaling up to $300,000. These units include non flow-through common shares and non flow-through common share purchase warrants, also valid for 24 months. The private placement is expected to close by November 30,
Geologica Updates Terms to Unit Financing
Geologica Resource Corp. has updated its proposed $300,000 financing plan from the issuance of units, with plans to issue 10,000,000 units at $0.03 each. Each unit consists of a share and half a warrant, which can be exercised for up to two years for $0.05. The company also plans to settle a $62,600 debt by issuing 1,252,000 shares at $0.05. Additionally, 400,000 shares will be issued to the CEO as late payment penalty, and 250,000 shares will be issued to the vendor of the Topley Property. The proceeds from the offering will be used for exploration on BC properties and general working capital.
Midnight Sun Receives Further Extension For Completion of Verification Report
Midnight Sun Mining Corp., a company focused on exploring the Solwezi Project in Zambia, has announced the completion of a planned site visit by inspectors from the Geological Survey Department of Zambia (GSD) regarding the company's Large Scale Exploration Licence. The Zambian Ministry of Mines and Minerals Development has granted an additional 14-day extension for GSD to complete their site verification report. The Solwezi Project is located in the Zambia-Congo Copperbelt, the world's second largest copper producing region.
Homerun Resources Inc. Memorandum of Understanding with Companhia De Navegacao Norsul for the Maritime Transport of High Purity Silica Sands Originating from the Belmonte Silica District
Homerun Resources Inc. has signed a non-binding Memorandum of Understanding (MOU) with Norsul to develop maritime transport opportunities for high purity silica sands from the Belmonte Silica District. Norsul will help evaluate and develop logistics solutions for silica sand transport to maximize operational efficiency and achieve economies of scale. The partnership forms part of Phase 2 of Homerun's Business Plan and aligns with an existing partnership with Companhia Baiana de Pesquisa Mineral. This move strengthens Homerun's commitment to building a competitive logistics operation for the Belmonte Silica project.
Great Atlantic to Attend Newfoundland and Labrador Mineral Resources Review 2024 Conference
David Martin, VP Exploration for Great Atlantic Resources Corp., will represent the company at the Newfoundland and Labrador Mineral Resources Review 2024 Conference from November 5th to 8th. The company, which has mineral licences in Newfoundland focusing on gold, silver, tungsten, copper, lead, and zinc, has a flagship project, the Golden Promise Gold Project. This project reported a compliant inferred resource estimate in late 2018 of 357,500 tonnes at 10.4 grams/tonne gold. In 2024, seven of eight diamond drill holes at the project site intersected quartz veins with visible gold.
Forge Resources Corp. Announces Start of Construction on Mine Portal and Upcoming Executive Site Visit at Fully Permitted Coal Project, Colombia
Forge Resources Corp has announced the start of construction on the mine portal at Aion Mining Corp's La Estrella project in Santander, Colombia. The portal, which is expected to be finished by mid-November 2024, will allow access for the extraction of high-grade metallurgical and thermal coal seams. It will help Forge to develop the underground decline and acquire a minimum of 20,000 metric tonnes of potentially revenue-generating bulk sample. Forge executives will visit the site to review project progress and discuss strategic plans, including finding additional Colombian coal concessions in various stages of permitting.
CanCambria Energy Corp Announces Trading on the Frankfurt Stock Exchange
CanCambria Energy Corp announced that its common shares are now trading on the Frankfurt Stock Exchange (FSE) under the symbol "4JH", as of November 5, 2024. This listing is expected to attract European investors and enhance the company's visibility in Europe, especially since its Kiskunhalas Tight-Gas Project is located in the European Union. The FSE offers high liquidity and a transparent regulatory environment, connecting companies to a wide network of international investors. CanCambria is a Canadian oil and natural gas exploration and production company founded in 2017.
Royal Road Minerals Provides Exploration Update; Expands 2025 Drilling Program at Jabal Sahabiyah, Relinquishes Al Miyah Tender, Kingdom of Saudi Arabia
Royal Road Minerals Limited is updating on its exploration work in Saudi Arabia, done through its local subsidiary, Royal Road Arabia Limited (RRA), a joint venture with MIDU Company. RRA was awarded the Al Miyah tender area but has decided to relinquish its rights to focus on the Jabal Sahabiyah project. The Jabal Sahabiyah project, awarded to RRA as Preferred Bidder, consists of three Exploration Licenses in the Asir Province of Saudi Arabia, covering about 284 square kilometers. The area has copper, gold and polymetallic mineralization controlled by meta-intrusive rocks. Previous work at Jabal Sahabiyah included mapping, surface geochemistry, geophysics and scout-drilling.
Founders Metals Closes C$12.1M Financing with B2Gold
Founders Metals Inc. has closed a strategic investment deal with B2Gold Corp., selling 4.4 million common shares at a price of C$2.75 per share, raising C$12.1 million in gross proceeds. This represents 5.0% of the company's common shares. B2Gold now has the right to maintain its pro rata interest in Founders Metals through participation in future financings up to a 9.9% share position. The funds will be used for exploration and development work in 2025 at the Antino Gold Project in Suriname and for general corporate purposes. The issued securities will be subject to a hold period of four months and one day.
Thunder Gold Reports Multiple Surface Rock Samples up to 13.2 g/t Au at the 100%-Owned Tower Mountain Gold Property in Ontario
Thunder Gold Corp has provided updates on its exploration at the Tower Mountain Gold Property in Thunder Bay, Ontario. Surface rock samples have shown gold values from 0.75 g/t to 13.4 g/t Au within a specific zone. A trail access to this target area has been established, along with 600m2 of outcrop stripping and 65 linear meters of trenching. Detailed mapping and sampling are complete, with assay results pending. A diamond drill is being used to test the area beneath the samples. Soil geochemical sampling is complete over 60% of the area, with results expected in November. Additionally, a detailed study of samples collected from historical drill cores is in progress, expected to complete in December. Historical results indicated high
North Valley Receives 100 Drill Hole Permit For Its Comstock Property; Provides Exploration and Company Updates
North Valley Resources Ltd. has received an amended permit for 100 drill holes at its Comstock Copper-Gold property in British Columbia. The permit covers 3,610 hectares and includes all 15 historic showings on the property. It allows for drill-testing of the magnetic and IP anomalies identified in 2023, which suggests a potential mineralized zone. The Original-Diane and South Zones, which were targeted in a 1988 drill program, show promising copper and gold intercepts. Recent prospecting indicates potential zones of quartz-sericite-pyrite and low-sulphidation epithermal alteration, suggesting a mineralized system running from near-surface to depth and above a potential buried porphyry feeder source.
Aurania Receives Corsica Study from IHC Mining B.V. of Holland
Aurania Resources Ltd. has commissioned IHC Mining Advisory Services to conduct a study on potential extraction and recovery methods for heavy minerals found in the Albo-Nonza black beach sands in Corsica. The minerals, believed to originate from the historic Canari Mine, may contain nickel and iron. The study proposed a solution that could cost an estimated 13 million Euros for capital and 2.82 Euros per tonne for operation. Further environmental studies and drilling are needed for more precise estimates. The beach is 40% sand, which is where the minerals of interest are primarily located.
Exploits Announces Non-Brokered Charity Flow Through Financing with Strategic Investor and Flow Through Share Private Placement
Exploits Discovery Corp. is undertaking a non-brokered private placement of flow-through common shares worth up to $346,154, priced at $0.09 per share. The company also announces an additional private placement with one investor for 2,000,000 shares at $0.08 per share, totalling $160,000. The proceeds will be used for eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador, Canada. The placements are expected to be completed by November 14, 2024. The securities offered are not registered under the United States Securities Act.
Pelangio Exploration Commences a UAV Magnetics Survey on its Obuasi Project, Ghana
Pelangio Exploration Inc. has started a high-resolution UAV airborne magnetics survey on its Obuasi property, located near the high-grade Obuasi Mine owned by AngloGold Ashanti PLC. The survey, expected to take 3-4 weeks, aims to provide critical data to target Obuasi-style gold mineralization on the property. The survey is being conducted with TuNya Mineral Resources Ltd. as part of their earn-in on the southern Tarkwaian portion of the property. Pelangio's Obuasi property is strategically located in Ghana's Ashanti Gold Belt, known for its rich, high-grade gold deposits. TuNya is also conducting a US$250,000 technical study of Pelangio's Ob
Chesapeake Gold Announces Stock Option Grant
Chesapeake Gold Corp. has granted stock options to purchase 65,000 of its common shares at a price of C$1.80 per share. These options will be available for a five-year term, expiring on November 5, 2029, and were given to the company's officers. They will vest and be exercisable at a rate of 25% annually, beginning on November 5, 2025. Chesapeake's main asset is the Metates Project, one of the largest undeveloped gold-silver deposits in the Americas, located in Durango State, Mexico.
QC Copper Secures Overwhelming Cuprum Shareholder Approval; Anticipates Merger Closing in December
QC Copper and Gold Inc. is set to acquire Cuprum Corp, with over 90% of Cuprum's shareholders tendering their shares for the merger. This transaction, expected to complete in early December 2024, will establish QC Copper as the largest copper developer in Eastern Canada. The company will rebrand to XXIX Metals Corp. after the merger. The finalization of the transaction is contingent on QC Copper shareholders' approval at the Special Meeting scheduled for December 4, 2024.
Silicon Metals Corp. Announces Acquisition of Contiguous Claims Totalling ~919 Hectares to Increase Land Position by ~40% at the Ptarmigan Silica Project in B.C., Completes Phase 1 Exploration and Engages Fairfax for Marketing
Silicon Metals Corp. has expanded its Ptarmigan Silica Project by approximately 919 hectares, increasing its size by 40%. The project, located near Prince George, BC, is underlain by quartzite formations. A recent exploration program has also been completed.
Red Metal Resources Expands Land Position in Natural Hydrogen District, Quebec
Red Metal Resources Ltd. has announced the acquisition of a 100% interest in four additional mineral claims located to the North of Quebec Innovative Materials Corp.'s (QIMC) recent expansion of its natural renewable hydrogen discovery. The new claims are directly contiguous to QIMC's recent expansion claims. The company is currently analyzing regional geological data to help with the evaluation of potential further acquisitions and the development of an initial exploration plan. The CEO, Caitlin Jeffs, expressed that the company is aggressively expanding its geological footprint in this emerging natural hydrogen district.
Golden Horse Australian IPO Offer to Raise up to A$18M Opens November 5
Golden Horse Minerals Limited is set to open its Australian initial public offering (IPO) on 5th November 2024, aiming to raise between A$16 million and A$18 million. The funds will support exploration in the Southern Cross Greenstone Belt, a significant gold-producing region in Australia. The IPO includes up to 72 million Chess Depositary Interests priced at A$0.25 each, with a priority allocation of up to A$4 million for eligible Emerald Resources NL shareholders. The company is expected to list on the Australian Securities Exchange on 2nd December 2024 under the ASX ticker code: GHM.
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