Mining News Releases & Company Updates - Page 130
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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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Denarius Metals Closes Non-Brokered Private Placement of Units for Gross Proceeds of Approximately CA$4.6 Million
Denarius Metals Corp. has completed a non-brokered private placement of units, raising CA$4,564,065. Each unit includes one common share and a half common share purchase warrant, with each full warrant allowing for the purchase of another common share for CA$0.85, valid until October 31, 2026. The proceeds will be used to fund the company's Zancudo Project in Colombia, Aguablanca Project in Spain, and for general corporate purposes. Mr. Serafino Iacono, the company's Executive Chairman and CEO, acquired 2,727,272 units, increasing his ownership to approximately 21.55% of the company's common shares.
ONGold Announces OTC Trading Approval and DTC Eligibility
ONGold Resources Ltd. has announced that its common shares are now trading on the OTCQB Venture Marketplace, an American trading platform. This development, along with the company's recent acquisition of Depository Trust Company eligibility, is expected to make the company's stock more accessible to US investors. The company's shares will also continue to trade on the TSX Venture Exchange. ONGold Resources Ltd., which holds significant exploration assets in Northern Ontario, sees this listing as a major step in expanding its investor base and attracting more investors from the US market.
M3 Announces Extension to Property Purchase Agreement Announced on August 22, 2024
M3 Metals Corp. has reported an amendment to its property purchase and sale agreement with Surge Battery Metals Inc., initially announced on August 22, 2024. According to the original agreement, M3 was to sell all its rights to the Texas Springs Properties to Surge in exchange for 1,200,000 common shares of Surge. The amended agreement extends the closing date to June 30, 2025, due to the need for obtaining shareholder approval. The deal is viewed as a related party transaction due to common officers and shareholders between the two companies.
Nickel 28 Provides Update on Executive Compensation Matters and Announces Adoption of Fixed Stock Option Plan
Nickel 28 Capital Corp. has announced the adoption of a 10% fixed stock option plan as part of its improved executive compensation program. This is the culmination of a process initiated in August 2023 after the reconstitution of the company's board. The process involved a comprehensive review of executive compensation, conducted by an independent Special Committee, in conjunction with an independent investigation into historical compensation arrangements. The board also engaged Compensation Governance Partners Inc., an independent advisory firm, to assist with the review and development of a new compensation framework.
American Creek Resources Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Plan of Arrangement with Cunningham Mining
American Creek Resources Ltd. has announced that it has sent out its management information circular and related meeting materials for its annual general and special meeting. The meeting will include a vote on a proposed plan of arrangement with Cunningham Mining Ltd., in which Cunningham Mining would acquire all issued and outstanding common shares of American Creek at $0.43 per share. The company's board of directors has unanimously determined that this arrangement is fair to all securityholders and in the company's best interests. The meeting will be held on November 27, 2024.
F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$8 Million
F3 Uranium Corp. has successfully closed its previously announced private placement, raising C$8,000,000 in gross proceeds. This included the full exercise of the Underwriters' over-allotment option. The company sold 20,000,000 federal and Saskatchewan flow-through units at an average price of C$0.40 per unit. The lead underwriter was Red Cloud Securities Inc. The private placement involved the issuance of one common share and half of one common share purchase warrant per unit. The warrant allows the holder to purchase one common share at a price of C$0.40 until October 31, 2026. This offering was made under the "listed issuer financing" exemption in all Canadian provinces except Quebec.
NewOrigin Gold Receives Final Order for Arrangement with Harfang Exploration
The Ontario Superior Court of Justice has approved a proposed business combination between NewOrigin Gold Corp. and Harfang Exploration Inc. Harfang will acquire all outstanding common shares of NewOrigin through an arrangement agreement. This agreement was approved by NewOrigin's shareholders in a recent meeting. Post-arrangement, former NewOrigin shareholders will own about 20% of Harfang's common shares. The deal, expected to close in the first half of November, is subject to certain conditions including regulatory approvals. Following completion, NewOrigin shares will be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer.
MK Plus, Vanadium Solid-State Battery Company, Achieves Funding Milestone of US$50 Million
The private Japanese battery company, MK Plus Co., Ltd., in which Phenom Resources Corp. holds a 5% equity stake, has secured $50 million in funding. This will allow them to construct their first pilot plant in Japan for their vanadium solid-state batteries and expand their fast charging, low-cost vanadium battery business globally. The batteries, claimed to offer high performance at a lower cost than vanadium redox flow batteries, can charge 100 times faster, use a tenth of the amount of vanadium for an equivalent charge, and have a +100,000 deep cycle life without heat dissipation or degradation.
Nova Pacific Metals Completes Preliminary Field Reconnaissance and Enters into Marketing Agreements
Nova Pacific Metals Corp. has successfully completed the Archaeology Preliminary Field Reconnaissance (PFR) report for its Lara VMS property near Duncan, BC, which has been submitted to the Ministry of Energy, Mines and Low Carbon Innovation. The field study, conducted by Context Archaeology Consulting Ltd., found the area of interest to have low archaeological potential, leading to no further archaeological studies being recommended. Nova Pacific's CEO, J. Malcolm Bell, highlighted the importance of this in their commitment to regulatory compliance and fostering positive relationships with nearby aboriginal communities. The final PFR report has been provided to the Ministry and First Nation communities to ensure transparency and collaboration.
Red Metal Resources Provides Corporate Update and Announces Financing
Red Metal Resources Ltd. has announced a corporate update including a definitive agreement on mineral claims in Quebec. The company plans to expand these claims and continue work on its copper project in Chile. CEO Caitlin Jeffs expressed excitement over the potential of the Quebec claims and the company's focus on copper, hydrogen, and other elements essential for a sustainable economy. Additionally, Red Metal is announcing a non-brokered private placement offering for up to C$840,000, with the intention of raising up to $300,000 by issuing up to 3,000,000 flow-through units at a price of C$0.10 each.
First Phosphate Files NI 43-101 Technical Report for Initial Mineral Resource Estimate at Begin-Lamarche Property, Saguenay-Lac-Saint-Jean Quebec
First Phosphate Corp has filed its Initial Mineral Resource Estimate (MRE) Technical Report for the Bégin-Lamarche Project in Saguenay, Quebec. This report, prepared by P&E Mining Consultants, is in line with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The report reveals an inferred pit-constrained Mineral Resource of 214.0 Mt @ 6.01% P2O5 (phosphate) and an indicated one at 41.5 Mt @ 6.49% P2O5. The deposit also offers the potential for recovering iron and titanium. The report is available on the First Phosphate website and SEDAR+.
Sitka Samples up to 67.9 g/t Gold from Surface Rock Samples and Drills Visible Gold at Its Recently Acquired Pukelman Intrusive Target at the RC Gold Project, Yukon
Sitka Gold Corp. has completed its first phase of exploration at the newly acquired Pukelman intrusive target, which includes soil sampling, geological mapping, and drilling. Visible gold and sheeted quartz veining were observed in initial drill holes, with assays pending. A zone of veining and brecciation with visible gold was identified south of the Pukelman intrusion. Surface rock samples from this area returned up to 67.9 g/t Au. The Pukelman intrusion also showed quartz veining with arsenopyrite and pyrite on the surface, with rock samples yielding up to 1.08 g/t Au. The area between the Blackjack and Eiger deposits and the Pukelman intrusion extended the gold-in-soil anomaly, with
KO Gold Announces Appointment of Chief Financial Officer
KO Gold Inc., a Canadian exploration company, has appointed James Henning as its new Chief Financial Officer, effective immediately. Henning, a Chartered Accountant and the founder and President of Corpfinance Advisors Inc. since 1984, has a wide range of industry expertise. He replaces Mark McMurdie, who has resigned from the position. KO Gold, listed under the ticker symbol "KOG", focuses on acquiring and exploring gold properties in New Zealand's Otago Gold District.
Benton Continues to Drill Wide Intervals of Significant Gold at South Pond Extending Strike Length 600 m South
Benton Resources Inc. has expanded the South Pond Gold Zone in its Great Burnt Copper-Gold project in south-central Newfoundland by 600 meters to the south. Significant intercepts have been found, including 1.48g/t gold over 24.00 m. The results confirm a robust gold-mineralized system at South Pond. Benton has completed 30 diamond drill holes, totaling 3,380 meters. The company has paused the current program until further assays are received and compiled. They have developed a strong exploration model for South Pond, involving geological mapping and ground magnetics surveying.
Element 29 Receives Prior Consultation Process Exemption for the Atravesado Porphyry Cu-Mo Target Drill Permit
Element 29 Resources Inc. has received exemption from the Prior Consultation process by the Peruvian Ministerio de Energía y Minas for exploration drilling at its Atravesado copper-molybdenum target, part of the Flor de Cobre project in Southern Peru. This comes after the company received environmental approval to drill from a maximum of 40 platforms and submitted a Collective Impacts Report assessing the impacts of drilling activities on the indigenous community lands. Plans are underway to conduct an initial drill program in 2025. The Atravesado target is marked by anomalous surface rock copper-molybdenum geochemistry and geological indicators within a 1.5 km x 2.0 km area.
Surge Announces Extension to Property Purchase Agreement Announced on August 22, 2024 and Sale of Nickel Property
Surge Battery Metals Inc. has announced an amendment to its property purchase and sale agreement with M3 Metals Corp. This agreement involves M3 Metals selling its rights to the Texas Springs Properties to Surge Battery Metals, in exchange for 1,200,000 common shares. The initial agreement required regulatory approval and completion of the transaction by October 31, 2024. However, due to the requirement for Surge to obtain shareholder approval, the deadline has been extended to June 30, 2025. No date for the shareholder meeting has been set yet.
Bold Ventures Receives Assays up to 16.3 gpt Au at its Wilcorp Property
Bold Ventures Inc. has announced the results from a site visit to its Wilcorp Property in September 2024, as part of a week-long program of site visits by senior management. Assays ranged from less than 5 ppb Au to 16,300 ppb Au. The highest gold sample corresponds to a 10 cm quartz vein in an old pit and stripped area. Other samples from different areas also showed significant gold results. This visit was intended to review access to the properties, revisit key showings, and aid in planning future field programs.
Metals Creek Drills 92.05 Meters of 2.12% Copper and 12.18 g/t Silver at the Tillex Copper Project
Metals Creek Resources Corp. has announced the successful results of its third diamond drilling program at the Tillex Copper Project in Ontario. The undercut of hole TX24-021 intersected high-grade copper mineralization, extending mineralization at depth and refining the fold structure within the Tillex Deposit. The hole returned a down-hole intercept of 92.05 meters of 2.12% Copper and 12.18 grams per tonne Silver. A higher-grade interval included 4.02% Copper and 19.70 grams per tonne Silver over 18.40 meters. The mineralization primarily consists of fine, pervasive disseminated chalcopyrite.
Big Gold Closes Non-Brokered Private Placement & Extends Warrants
Toronto-based Big Gold Inc. has closed the first tranche of its non-brokered private placement offering, raising gross proceeds of $100,000. This entailed issuing 2,000,000 units at $0.025 each, and 1,250,000 flow-through units at $0.04 each. Each unit includes a common share and a non-transferable purchase warrant, and each flow-through unit includes a common share and a half non-transferable purchase warrant. Proceeds will be used for the Tabor Project exploration and working capital. A cash finder's fee of $7,525 and 227,500 finder's warrants were paid. All securities issued will hold a four-month and one-day hold period from the date
Tower Reports Exceptional Exploration Success on Its October Drilling Program at Rabbit North, Discovers the Faulted Western Half of the Lightning Zone and a New, More Strongly Mineralized Gold Zone, "Blue Sky", 300 m to the North
Tower Resources Ltd. has reported significant success with its October drilling program at the Rabbit North property in the Kamloops mining district. The four-hole program discovered not only the faulted western half of the Lightning Zone but also a new and stronger mineralized gold zone, named "Blue Sky". This discovery significantly increases the gold potential of the property. The drilling involved four holes, totaling 1096 meters. The new "Blue Sky" zone was discovered 300 m north of the Lightning Zone.
Black Swan Graphene Announces the Appointment of Rory Godinho to Its Board of Directors
Black Swan Graphene Inc., a Toronto-based company, has announced the appointment of legal expert Mr. Rory Godinho to its Board of Directors. Mr. Godinho, who has over 35 years of experience in capital markets, is a senior partner and Co-Chair of Cozen O'Connor's Canadian Capital Markets and Securities Group. He has a track record of helping listed companies raise significant growth capital and his appointment aligns with Black Swan's commitment to innovation in the graphene industry. The company also announced that Brad Humphrey has stepped down from the Board of Directors.
EMX Provides an Update on Exploration Successes at Viscaria
EMX Royalty Corporation announced that the operator of the Viscaria copper-iron-silver project in Northern Sweden, Viscaria Gruvaktiebolag, has discovered multiple new bodies of mineralization. Viscaria has also started the construction of a water treatment plant for the reopening of the previously operational mine, with production expected to start in 2026. Over 9,000 meters of drilling have been completed, revealing additional zones of mineralization and a new zone called the "ABBA" zone. The results are described as "exceptional exploration results" showing significant potential for the project.
American Pacific Drills 10.4 Metres of 1.17% Copper, 12.17% Zinc, 1.01 g/t Gold and 101.49 g/t Silver (7.3% Copper Equivalent) from Zone 1 at the Palmer Copper-Zinc VMS Project
American Pacific Mining Corp. reported assay results from the first seven holes of its 16-hole drill program at the Palmer Copper-Zinc VMS Project in Southeast Alaska. The drill program was part of a $17.5 million CAD exploration and development budget, funded by a joint venture between Dowa Metals & Mining Alaska Ltd. and American Pacific. The results showed significant amounts of copper, zinc, lead, gold, and silver. The company expressed satisfaction with the results, which followed up on high-grade results from the previous year and helped better define the mineralization on the property.
Capitan Silver Corp. Announces the Appointment of Fernando Alanís Ortega to Its Board of Directors
Capitan Silver Corp. has appointed Fernando Alanís Ortega to its Board of Directors. Alanís brings 30 years of experience in the mining industry, previously serving as CEO of Industrias Peñoles, a successful Mexican mining company, and President of the Mexican Mining Chamber. Alanís is known for his strategic vision, operational optimization, and advocacy for sustainable practices. He expressed excitement at joining Capitan Silver, specifically mentioning the potential of the Cruz de Plata silver project due to its high grades, scale, and accessibility, and the company's commitment to responsible exploration and development.
Flying Nickel Announces Name Change to CleanTech Vanadium Mining on November 5, 2024
Flying Nickel Mining Corp announced it is changing its corporate name to "CleanTech Vanadium Mining Corp." and will trade under the new stock ticker symbol "CTV" starting November 5, 2024 on the TSX Venture Exchange. The name change was approved by shareholders on October 21, 2024. No action is needed from shareholders related to the name change and it does not affect outstanding share and warrant certificates. The company is an exploration-stage mining company focused on vanadium and critical mineral resources, and owns the Gibellini vanadium project in Nevada, United States.
Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025
Standard Uranium Ltd. has announced updates on three of its 100% owned uranium exploration projects in the Athabasca Basin region, northern Saskatchewan. The Company, which holds over 233,000 acres of exploration properties in the region, has been expanding its landholdings and advancing early-stage projects. The Company has also completed three joint venture earn-in partnerships on the Sun Dog, Canary, and Atlantic projects, which have committed over $23.8M in work over the next three years. It has successfully completed exploration drill programs on time and under budget. The Company is currently seeking new joint venture partners for its uranium projects.
Intrepid Metals Provides Details on New Drill Targets at Corral Copper Project
Intrepid Metals Corp. has provided updates on new drill targets after the successful completion of its initial drill program at Corral Copper Property in Arizona. The program tested a copper-gold-silver-zinc mineralized footprint, revealing substantial mineralization. Post-drill, Intrepid carried out several exploration initiatives using the new data to conduct further exploration targeting. The company also completed its first ground-based gravity geophysical survey covering key parts of the property, which successfully identified the Ringo Zone, home of the highest-grade drill results. The survey results suggest this method could be used to detect gold and copper mineralization across the property. The company plans to start its Phase 2 drill program in early 2025.
Kesselrun Resources Provides Exploration Update on Huronian Gold Project
Kesselrun Resources Ltd. has begun exploration activities on its fully owned Huronian Gold Project in Thunder Bay, Ontario. The project, which includes a past-producing gold mine and an historic gold resource estimate, is located near Goldshore Resources' Moss Gold Project. The company is mobilizing personnel, including mapping and sampling crews, to advance target areas to drill-ready status. With the recent rise in gold prices, the company is aiming to reveal the full potential of the Huronian Gold Project.
District Copper Reports Highly Encouraging Results at Copper Keg Project in British Columbia
District Copper Corp. has reported promising results from its 2024 summer field program at its Copper Keg project near Cache Creek, BC. The property, spread over approximately 6,628 ha, is considered conducive for the discovery of porphyry-style copper mineralization. Over 500 soil samples were collected and analyzed, with the average value of all samples being 45.8 ppm Cu. The company's CEO, Jevin Werbes, expressed excitement over the encouraging results and the acquisition of new land adjacent to the original Copper Keg claims. The company plans to continue analyzing the results and prepare for the next stage of exploration.
Copper Fox Provides Update on Drill Permitting at Mineral Mountain
Copper Fox Metals Inc. and its subsidiary, Desert Fox Mineral Mountain Co., have provided an update on the permitting process for a drilling program on the Mineral Mountain porphyry copper project in Arizona. The project is located within a copper belt near Rio Tinto and BHP's Resolution porphyry copper-molybdenum deposit and Taseko's Florence porphyry copper deposit. Copper Fox submitted a Plan of Operations to the Bureau of Land Management, which was approved. However, the company must prepare an Environmental Assessment due to the project's location in a critical habitat area. The biological evaluation is complete and the Environmental Assessment is underway.
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