Mining News Releases & Company Updates - Page 129
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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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AuMEGA Metals Closes the First Tranche of Private Placement Financing
AuMEGA Metals Ltd has completed the first tranche of its previously announced financing deal, issuing 131,152,889 new shares and generating C$8.77 million. The shares were offered to institutional, professional, and accredited investors, with a majority being placed on the TSX Venture Exchange and ASX. The second tranche, which is expected to raise C$7.34 million, is still subject to shareholder approval and is planned to be issued in December 2024.
Golden Rapture Mining Continues to Intersect High-Grade Gold at Near Surface
Golden Rapture Mining has announced successful high-grade drilling results at its Phillips Township Gold Property in the Rainy River District, NW Ontario. The 2024 drilling season confirmed the presence of shallow high-grade zones around old mine shafts, yielding results as high as 285.00 g/t Au. The combination of recent and historical drill holes suggests the property may be suitable for open-pit mining. There are also quartz material piles with sample results as high as 125.05 g/t Au which could provide mill feed to the nearby New Gold Rainy River Gold Mine. The company is considering exploring another part of the property with high potential.
CopperEx Announces Closing of Financing
CopperEx Resources Corp. has closed its non-brokered private placement financing, raising $545,000 through the issuance of 2,725,000 units. Each unit, issued at $0.20, includes one common share and one-half of a common share purchase warrant. The proceeds from this placement will fund exploration activities in Chile and support general working capital. The company also paid $9,150 in cash finder's fees for the private placement, which are subject to a four-month and one-day restricted resale period. An officer and director of the company also purchased 1,000,000 units as part of this placement.
DLP Resources intersects 339.35m of 0.76% CuEq* within a 1058.35m interval of 0.38% CuEq*, on the Aurora Project
DLP Resources Inc. has announced the receipt of complete drill results for drillhole A24-020 at the Aurora copper-molybdenum-silver project in Peru. The drillhole aimed to expand copper mineralization to the southeast and intersected copper-silver and molybdenum mineralization from 3.00m to 1061.35m. The results showed substantial amounts of copper equivalent (CuEq*) at different depths. The company's CEO, Mr. Gendall, stated that the mineralization extended to the southeast of Aurora and yielded good results. Drilling was stopped due to the maximum capacity of the drill rig. The company plans to advance Aurora to an initial resource estimation by March 2025.
Core Nickel Completes Private Placement Financing
Core Nickel Corp. has announced the closure of its non-brokered private placement, issuing over 3.3 million units at $0.175 each, amounting to gross proceeds of around $580,000. The securities issued are subject to a hold period until March 1, 2025. The funds will be used for general working capital. The Company's CEO, Misty Urbatsch, stated that with nearly $3.5 million in funding secured recently, they are ready to advance exploration in the Thompson Nickel Belt. The company has also entered into a marketing agreement with Junior Mining Network LLC.
Silicon Metals Corp. Announces Amendment to Hedge Hog Option Agreement
Silicon Metals Corp. announced an amendment to its Hedge Hog Property Option Agreement with Eastfield Resources, extending payment and expenditure terms. The company is focused on exploration in British Columbia, holding rights to the Hedge Hog and Ptarmigan Silica Projects.
Golden Spike Closes Final Tranche of Non-Brokered Private Placement Offering
Golden Spike Resources Corp. has announced the closing of the second and final tranche of its non-brokered private placement offering, raising a gross total of $225,000. The company issued 1,125,000 non-flow-through units at $0.20 each. In addition, each unit includes one common share and half of one common share purchase warrant, which can be exercised into a common share at $0.30, expiring November 2026. The company also issued 7,500 finder's warrants and paid a $1,500 commission. The total raised from both tranches of the offering is $782,500. These securities will have a hold period of four months and one day, and cannot be sold within
Magna Mining Files Updated Preliminary Economic Assessment for the Crean Hill Project
Magna Mining Inc. has filed an independent technical report titled "Preliminary Economic Assessment Update for the Crean Hill Project, Sudbury, Ontario, Canada" with SEDAR. The report, prepared by SGS Geological Services, is in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Magna Mining is a development company focused on nickel, copper, and PGM projects in Ontario, Canada. Its key assets include the past producing Shakespeare and Crean Hill Mines.
Newfoundland Discovery Announces Effective Date of Share Consolidation
Newfoundland Discovery Corp. has announced a share consolidation of one post-consolidation share for every ten pre-consolidation shares. This will take effect on November 6, 2024, with trading commencing on the Canadian Securities Exchange. The company's name and stock symbol will remain the same. The company focuses on the exploration and development of mineral assets in active Canadian mining districts.
ATEX Announces Closing of Strategic Investment by Agnico Eagle and Final Settlement of Credit Facility
ATEX Resources Inc. has closed a US$40 million strategic investment by Agnico Eagle Mines Limited on a private placement basis and settled its US$15 million credit facility. At the same time, a newly appointed ATEX director made a C$500,000 equity investment. Agnico acquired 33,869,939 units of the Company, each consisting of a common share and a half of a common share purchase warrant. The funds will be used for ATEX's exploration activities at the Valeriano Copper-Gold Project in Chile and for general corporate purposes. ATEX also closed a private placement of 306,748 units to board member Rick McCreary, raising C$500,000.
Moon River Moly Ltd. Announces Extension of Engagement of TB Investor Relations
Moon River Moly Ltd., a Canadian-based resource company, has announced the extension of its engagement with TB Investors Relations (TBIR), which will continue to support its communications and marketing efforts. The agreement will proceed on a month-to-month basis from September 7, 2024, unless terminated with a month's notice. The company is primarily focused on the development of the Davidson Property and owns 25% of the Endako Mine Complex, one of the largest molybdenum mines in North America.
Scorpio Announces Appointment of Jeff Lindstrom as VP Operations
Scorpio Gold Corporation has appointed Jeffery Lindstrom as its new VP of Operations. Lindstrom will manage the company's two mines in Nevada and has extensive experience in the mining industry, including roles at Pegasus Gold Corporation, Atlanta Gold Corp, ISR Capital, and Owyhee Gold. Lindstrom's expertise lies in project design, construction and processing, with recent work in project assessment and development. The announcement also noted that Christopher Zerga is no longer serving as the Company's Chief Operating Officer.
Pasofino Gold Adopts Shareholder Rights Plan
Pasofino Gold Limited has announced the adoption of a shareholder rights plan as of November 1, 2024. The purpose of this plan is to maintain the integrity of Pasofino's strategic review process and ensure fair treatment of all shareholders in the event of a takeover bid. Under the plan, a right attaches to each outstanding common share of Pasofino and becomes exercisable if any person or group acquires 20% or more of Pasofino's common shares without complying with the "Permitted Bid" provisions. This would allow shareholders to purchase additional shares at a significant discount. The plan does not prevent unsolicited takeover bids in line with Canadian securities laws. The plan's effectiveness is contingent upon execution by Computershare Investor Services
Spark Energy Provides Update on Spodumene Targets at Arapaima Lithium Project and Recent Funding
Spark Energy Minerals Inc., a company focused on discovering battery metals in Brazil's Lithium Valley, is launching exploration planning in Minas Gerais, Brazil. The exploration will begin with three geological sampling teams targeting spodumene occurrences in the Arapaima Lithium Project area. The company has also mobilized three sampling teams to start exploration over its Priority 1 and 2 Target Areas. One team will validate historical data and new targets identified by Spark's analyses, while the other two will focus on key sample points. The exploration activities are projected to be completed by the end of Q4 2024, with results expected in early Q1 2025. Preliminary drill testing is planned for Q2 2025.
Steppe Gold Ltd. Announces Change to the Board of Directors
Steve Haggarty has resigned from his position as director of Steppe Gold Ltd., a prominent precious metals company in Mongolia, effective as of October 31, 2024. The company's chairman and CEO, Bataa Tumur-Ochir, thanked Haggarty for his contributions and wished him well in his future endeavors.
Homerun Resources Inc. Signs Marketing Agreement with Interactive Offers
Homerun Resources Inc. has signed an agreement with Interactive Offers to provide marketing services aimed at increasing public awareness of the company. As part of the agreement, Interactive Offers will use its first-party data and proprietary technology to put Homerun's content in front of investors. The services may include creating and distributing marketing materials and paid advertisements. The agreement is effective from November 1, 2024, for an indefinite term based on the expenditure of a USD $150,000 budget provided by Homerun. Interactive Offers will retain any unspent funds as compensation for its services.
Caprock Provides Supplemental Disclosure Regarding Destiny Gold Project in Quebec
Caprock Mining Corp. announced additional disclosure regarding a historical resource related to a property option agreement being considered at the upcoming shareholders' meeting on November 7, 2024. The agreement involves the acquisition of a 100% interest in the Destiny gold property in Despinassay township, Quebec. The historical resource estimate, prepared in 2011 by Todd McCracken for Alto Ventures Ltd., is believed to be reliable based on McCracken's qualifications and experience. However, to make this estimate relevant to the current economic context, it needs to be updated with current gold price environment and latest costing estimates.
Summa Silver Announces Closing of $6.5 Million Brokered Financing
Summa Silver Corp. has announced the closing of a brokered offering, raising $6.48 million, which includes a partial exercise of the agents' option. The offering was made under a Listed Issuer Financing Exemption (LIFE) private placement and a concurrent private placement to accredited investors. The offering, each unit priced at $0.40, was led by Research Capital Corporation and Eventus Capital Corp. Each unit consists of one common share and half of one common share purchase warrant, with each whole warrant exercisable to acquire a common share at $0.55 until November 1, 2026. The proceeds will be used for exploration and general working capital. A total of 12.5 million units were sold under the
Fremont Announces Name Change to Hayasa Metals Inc.
Fremont Gold Ltd., also known as Hayasa, has announced that it has received approval from the TSX Venture Exchange to change its company name to Hayasa Metals Inc. The name change will take effect from November 6, 2024 and the company's common shares will start trading under the new name and stock symbol "HAY". The change was approved by the board of directors on September 13, 2024. The company clarified that there is no consolidation of share capital and the change does not affect the rights of shareholders. The rebranding is aimed at associating the company more closely with Armenia and its main properties: Vardenis and Urasar.
Signature Resources Provides Update on 2024 Drill Program and Assay Results for First Three Holes Highlighted by 1.23 Grams per Tonne of Gold over 28 Metres Core Interval in the North Zone
Toronto-based Signature Resources Ltd. has provided an update on its 2024 drill program. The company has completed 12 out of the planned 14 drill holes and expects to finish the remaining by early November. Initial findings show a larger halo of near surface mineralization. The findings include LM 24-02 which returned 1.84 grams per tonne gold over 12 metres and LM 24-03 which returned 1.23 grams per tonne gold over 28 metres. An initial resource estimate is expected in early spring 2025. The data will be used to expand and build the Lingman Lake deposit.
Search Minerals Inc. Completes $1M Convertible Note Financing with Closing of Second Tranche in the Amount of $700,000
Search Minerals Inc. has closed the second and final part of its non-transferable unsecured convertible note financing, raising $700,000 and bringing the total gross proceeds to $1 million. The company will use the funds to maintain its properties and complete all disclosure requirements to lift the cease trade order on its common shares. The convertible notes have a maturity date of one year, bear 15% interest per annum, and can be converted into shares at the note holder's discretion. The company focuses on finding and developing Critical Rare Earths Elements, Zirconium, and Hafnium resources in South East Labrador.
Radio Fuels Announces Change in Senior Management
Radio Fuels Energy Corp., a junior natural resource company, has announced the resignation of Bassam Moubarak as CFO and the appointment of Natalia Samartseva as his replacement. Moubarak played an important role in the Company's financial strategies and growth. Samartseva is a Chartered Professional Accountant with over 15 years of experience in financial leadership, including roles as CFO, Director of Financial Reporting, senior audit manager, and consultant in financial reporting and analysis for junior resource companies.
T2 Metals Files NI43-101 Technical Report for Sherridon Copper-Zinc-Gold Project, Manitoba
T2 Metals Corp. has filed an independent Technical Report for the Sherridon copper-zinc-gold project in Manitoba on SEDAR+. The report, authored by Mr. Darrell Turcotte, follows the Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Sherridon project is located in a well-known volcanogenic massive sulphide camp with significant mining history, and includes five unmined deposits: Park, Jungle, Bob, Cold, and Lost. The report also includes historical mineral resource estimates for these deposits.
Radio Fuels Announces Change in Senior Management
Radio Fuels Energy Corp. has announced the resignation of its CFO, Bassam Moubarak, who played a crucial role in the company's financial strategies and growth, including the acquisition of NV King Goldlands. Natalia Samartseva, a Chartered Professional Accountant with over 15 years of experience in financial leadership roles, will take over the CFO position. The company praises Moubarak for his contributions and is confident in Samartseva's abilities to steer its financial future.
EMX Options its Queensland Gold Projects to Mila Resources
EMX Royalty Corporation has announced an exploration and option agreement for its Yarrol, Mt Steadman, and Queensland Gold projects with Mila Resources PLC. Mila, a London Stock Exchange listed company, will provide cash payments, work commitments, warrants, and upon exercising the option, additional cash payments, equity, and a 2.5% NSR royalty to EMX. The projects contain historical gold resources and areas of cobalt-enriched manganese oxide mineralization and heavy mineral sands deposits. As part of the agreement, Mila will pay AUD $25,000 and provide 16 million purchase warrants of its stock, and can acquire a 100% interest in the project by completing AUD$450,000 in work commitments
IP Survey Commences at Aurania's Kuri-Yawi Gold Target in Ecuador
Aurania Resources Ltd. has announced the commencement of the induced polarization (IP) geophysical survey at its Kuri-Yawi project in Ecuador. The survey is being conducted by GexplOre, a geophysics company with experience in the Amazon rainforest. The Kuri-Yawi project is the most advanced target in the company's Cutucu project, which has shown promising signs of epithermal gold mineralization. The IP survey aims to identify deep conductors that could correspond to gold mineralization and to guide drilling for the 2025 program. The survey is expected to be completed by mid-December 2024, with results anticipated in early 2025.
Kore Announces Non-Brokered Private Placement
KORE Mining Ltd. plans to complete a non-brokered private placement of up to 25,000,000 units at a price of $0.04 per unit, aiming to raise up to $1 million. Each unit consists of one common share and one purchase warrant, which can be converted into a common share at $0.06 per warrant within three years of issue. The funds raised will be used to advance permitting and exploration of its properties in California and for working capital and corporate purposes. The offer is available to all existing shareholders as of October 30, 2024, and is subject to approval from the TSX Venture Exchange.
GoldHaven Enters into Definitive Agreement to Acquire BC Gold & Copper Assets
GoldHaven Resources Corp. has announced a securities exchange agreement with Copper Peak Metals Inc. and its shareholders. GoldHaven will acquire all issued and outstanding shares of Copper Peak in exchange for 3,990,000 common shares, and 1 million share purchase warrants. Copper Peak holds an acquisition agreement for a 100% interest in the Magno property. As part of the agreement, Gerry Diakow, the underlying property optionor, will be appointed to GoldHaven's Board of Directors.
Excellon Announces Agreement to Acquire Mallay Mine in Transformative Transaction
Excellon Resources Inc. has entered into a share purchase agreement to acquire all shares of Minera CRC S.A.C. from Adar Mining Corp. This includes a 100% interest in the Mallay Property in Peru. The agreement requires Adar to sell the Minera Shares to Excellon for US$1.25 million and a number of Excellon shares equal to 12.9% of its total common shares. The acquisition is dependent on Adar acquiring the Minera Shares through receivership proceedings under the Bankruptcy and Insolvency Act. Upon completion, Excellon will enter agreements to provide deferred contingency payments and sell up to a 49% interest in the Tres Cerros Exploration Property.
Spanish Mountain Gold Announces Additional Non-Brokered Private Placement of Units Under the Listed Issuer Financing Exemption
Spanish Mountain Gold Ltd. is planning to offer additional units of the company due to strong investor demand, aiming to raise an additional C$800,000 through a non-brokered private placement. This is in conjunction with a previously announced brokered private placement that could result in total proceeds of up to C$7.3 million, or up to C$8.3 million if the Agent's Option is fully exercised. The company plans to issue up to 24,444,444 Units, 16,129,035 flow-through share units, and 7,500,000 Charity FT Units, with different pricing for each type. Red Cloud Securities Inc. is the sole agent and bookrunner for the brokered offering.
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