Mining News Releases & Company Updates - Page 131
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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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Scorpio Appoints Leo Hathaway as Technical Advisor, Further Strengthens Team
Scorpio Gold Corporation has announced the appointment of Leo Hathaway, a seasoned professional geologist with 30 years of experience, to its advisory panel. Hathaway has a significant track record in the mineral exploration industry, having played a key role in the acquisition, advancement, and sale of several major projects. His addition to the Scorpio Gold team is expected to enhance the company's strategic goals and drive shareholder value. The company also aims to file a NI-43-101 compliant resource at its Manhattan project in Q1 2025.
Great Eagle Gold Corp. Appoints Mining Innovator Michelle Ash as a Director and Chairwoman of the Board and Announces Investor Information Webinar
Great Eagle Gold Corp. has appointed Michelle Ash as a director and Chairwoman of the Board, effective immediately, succeeding Chris Hansen who will continue as a Director. Michelle Ash is a senior executive known for her expertise in strategy development, technology transformation, and innovation across various industries including mining and manufacturing. She has a 30+ year career in mining, holding executive roles at Acacia Mining and Barrick Gold Corporation, and serves on the boards of several companies. Concurrently, Laura Pacheco has resigned from the Board of Directors.
Defiance Silver Extends San Acacio Option and Acquires New Concessions at Tepal Project
Defiance Silver Corp. has extended its option to acquire 100% of the San Acacio property in the Zacatecas district, with the payment due date changed from September 27, 2024, to December 31, 2024. The company has also acquired six additional licenses at its Tepal project, covering 636.25 hectares for $20,000 + VAT. These licenses are believed to extend the mineralization of the Tepal project. Defiance has also entered into an investor relations service agreement with San Diego Torrey Hills Capital Inc., starting November 1, 2024.
Newfoundland Discovery Announces Share Consolidation
Newfoundland Discovery Corp. has announced a consolidation of all its issued and outstanding common shares on a 20-to-1 basis, pending approval from the Canadian Securities Exchange. Following the consolidation, the company will have 4,661,333 common shares. The company's name and stock symbol will remain unchanged. Newfoundland Discovery Corp. is a Canadian junior mining exploration company focused on the exploration and development of mineral assets in active Canadian mining districts.
Austral Gold Files Q3 2024 Quarterly Activity Report
Austral Gold Limited, a well-established gold producer, has announced the filing of its Q3 2024 Quarterly Activity Report. The report is available on the company's profile at www.asx.com, www.sedarplus.ca, and www.australgold.com. The release was approved by the CEO of Austral Gold, Stabro Kasaneva.
Torex Gold Provides Q3 2024 Update on Media Luna Project and Increases 2024 Production Guidance
Torex Gold Resources Inc. has updated its Q3 2024 report on the development of its Media Luna Project, which is now 87% complete. The tie-ins and upgrades to the processing plant have been rescheduled from November 2024 to February 2025 due to delays in the delivery of critical electrical equipment and recent hurricane activity. The first copper concentrate production is expected in Q1 2025. However, this delay will result in increased gold production in 2024.
Florida Canyon Gold Receives Final Order of the Ontario Superior Court of Justice to Approve Arrangement with Integra
Florida Canyon Gold Inc. (FCGI) has received final court approval for its pending arrangement transaction with Integra Resources Corp. The transaction, anticipated to close in November, involves Integra acquiring all issued and outstanding common shares of FCGI. In return, FCGI shareholders will receive 0.467 of a common share of Integra. This deal is subject to other closing conditions, including the sale of FCGI's Mexican assets to Heliostar Metals Ltd. FCGI is a junior gold producer with assets in the United States and Mexico.
Dakota Gold Corp. Announces Leadership Transition
Robert Quartermain has been appointed as the President and CEO of Dakota Gold Corp., effective immediately. Quartermain, who has been with the company since its formation in 2022 and is its biggest individual shareholder, replaces Jonathan Awde. He brings considerable experience in mine development and exploration, which will be crucial in advancing Dakota Gold's Richmond Hill project. The company's board expressed their satisfaction with the company's progress and optimism about its potential to create shareholder value.
Aurania Grants Stock Options
Aurania Resources Ltd., a mineral exploration company focusing on precious metals and copper in South America, has granted a total of 415,000 stock options to specific officers and consultants as per their Stock Option Plan. These options, priced at C$0.70 each, include 200,000 options granted to a company officer, valid for five years from the grant date and subject to standard vesting conditions.
Fairchild Announces Closing of the Second Tranche of a Private Placement Offering
Fairchild Gold Corp. has announced the second tranche closure of its non-brokered private placement, raising $105,000. This involved issuing 1,750,000 units at $0.06 per unit, each comprising of a common share and a purchase warrant. The warrant can be converted into an additional common share at an exercise price of $0.15 for 60 months from the date of issuance. The proceeds will be used for exploration at the company's Copper Chief Project in Nevada, USA, and for general capital purposes. In total, the company plans to close additional tranches of the offering up to $900,000.
Galleon Gold Announces Interest Payment on Convertible Debentures
Galleon Gold Corp. has decided to issue common shares to satisfy its obligation to pay interest accrued under the terms of the convertible debentures issued in April 2024. This issuance of shares, which is subject to the approval of the TSX Venture Exchange, will be in lieu of delivering fractional common shares or paying cash. The interest accrued on the debentures, totaling $110,722.61, will be covered by issuing 377,588 common shares to the debenture holders. A company insider holds some of these debentures, making this a related party transaction, but it is exempt from certain requirements due to regulations.
Rise Gold Provides Corporate Update
On October 30, 2024, Rise Gold Corp. announced the resignation of John Proust, Murray Flanigan, and Benjamin Mossman from the Corporation's Board of Directors. Benjamin Mossman will continue to provide advisory services to the Corporation. Rise Gold Corp. is an exploration-stage mining company whose main asset is the historic Idaho-Maryland Gold Mine in Nevada County, California.
Besra Gold Announces: September 2024 Quarterly Activities Report
Besra Gold Inc has released its September 2024 Quarterly Activities Report. The announcement was authorized by the Board of Besra Gold Inc. Further information can be obtained from company secretary Michael Higginson or investor relations services James Hamilton.
Flying Nickel Announces Closing of $8 Million Minago Sale with Norway House
Flying Nickel Mining Corp. has completed an agreement with Norway House Cree Nation (NHCN) and 10197729 Manitoba Inc., under which NHCN has bought the Minago Nickel Project in Manitoba, Canada for $8 million. The deal also involved the surrender of all NHCN-held shares in Flying Nickel, assumption of certain royalties and an existing option agreement by the Purchaser and NHCN, and reimbursement of certain expenses. The shares represented 11.41% of Flying Nickel's issued shares, which have now been cancelled. The transaction was approved by Flying Nickel's shareholders and the British Columbia Supreme Court. The project will significantly contribute to NHCN's long-term economic development.
Premium Nickel Announces Results of Annual General and Special Shareholders' Meeting Including Name Change
Premium Nickel Resources Ltd. held its Annual General and Special Meeting on October 29, 2024, where all proposed resolutions were approved by shareholders. The resolutions included re-electing the Company's directors, appointing MNP LLP as auditors, approving the change of the Company's name to "Premium Resources Ltd.", and approving the Company's restricted share unit plan. After the meeting, the board re-appointed the Company's officers. The company is a mineral exploration and development company focused on redeveloping mines in Botswana.
Ivanhoe Mines Delays Q3 2024 Financial Results Call on October 30, 2024 by 15 Minutes; Revised Start Time 10:45am EST
Ivanhoe Mines has announced its third quarter 2024 financial results call will start at 10:45 a.m. Eastern time / 7:45 a.m. Pacific time on October 30, 2024. The call will end with a Q&A session, with media invited to listen and analysts to join by phone. A recording of the call and supporting slides will be available on Ivanhoe Mines' website. The company, focused on mining projects in Southern Africa, is also exploring new copper discoveries in the Western Forelands, adjacent to its Kamoa-Kakula Copper Complex in the DRC.
Elemental Altus Notes Planned 30% Production Expansion at Cornerstone Karlawinda Royalty
Elemental Altus Royalties Corp. has announced that Capricorn Metals Ltd is planning a significant production expansion at the Karlawinda Gold Project, where Elemental Altus holds a 2% Net Smelter Return royalty. The expansion aims to increase annual gold production to 150,000 ounces, a 30% increase from current production, and will boost Elemental Altus' royalty revenue. The increase in production is due to a new three-stage crusher and ball mill circuit, which will expand total processing capacity to 6.5 Mtpa. The expansion, set to be completed by Q2 2026, follows a 15% increase in Mineral Reserves at Karlawinda.
Xtra-Gold Reports Q3 2024 Financials and CEO Update
Xtra-Gold Resources Corp. reported unaudited financials for the quarter ending September 30, 2024. The company's financial health is strong, with total assets of US$15.3 million, comprised of cash, liquid securities, and gold inventory, and no debt. The total income for the quarter was US$2.07 million, with a net income after tax of US$1.46 million. The company continues its exploration efforts targeting lode gold deposits in the Kibi Gold Belt, where it holds five mining leases. The exploration team is preparing to drill several high-priority gold targets to expedite the goal of becoming a multi-million ounce gold discovery.
European Energy Metals Corp. Announces Name Change to Grit Metals Corp.
European Energy Metals Corp. has announced its name change to Grit Metals Corp. effective October 30, 2024. The company's common shares will continue to trade under the same symbol "FIN" from November 4, 2024. Grit Metals Corp. is a junior mining company focusing on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. The company also owns several precious metals projects in Northern Finland.
Nova Pacific Metals Announces Closing of Its Recently Upsized Financing
Nova Pacific Metals Corp. has completed its previously announced non-brokered private placement, issuing 11,478,600 units at a price of $0.25 per unit, raising $2,869,650. The company's CEO, J. Malcolm Bell, expressed satisfaction with the successful financing and emphasized that it will help bring the Lara Project into production. Each unit issued includes one common share of Nova Pacific and one share purchase warrant. The company also retains the option to accelerate the expiration date of the warrants under certain conditions.
Military Metals Enters Definitive Agreement to Acquire European Union Antimony Deposits
Military Metals Corp. has entered into an agreement to acquire 100% of the issued and outstanding common shares in 1458205 B.C. Ltd., a subsidiary of the company. The acquisition is part of a strategy to strengthen Europe's access to essential raw materials and reduce reliance on Chinese imports. The subsidiary owns three brownfield projects in Slovakia, including Trojarova, which hosts one of the European Union's most significant known primary antimony deposits. Military has also acquired a tin and a second antimony property in Slovakia.
TinOne Drills 14 Metres of 1.03% Tin Within a Near-Surface Intercept of 29 Metres of 0.71% at Its Great Pyramid Project, Tasmania
TinOne Resources Inc. has completed a 7-hole confirmatory RC drilling program at its Great Pyramid Tin Project in Tasmania, Australia. The program demonstrated significant tin mineralization from the surface, suggesting previous drilling and modelling could have been understated. The modern RC drilling returned higher tin grades than previous open hole percussion drilling, with several high-grade intercepts. The results suggest the Great Pyramid system might yield higher tin values than previously reported.
Record Pursues Natural Hydrogen
Record Resources Inc. is acquiring a 100% interest in 27 mineral claims in the Timiskaming area of Ontario, known as the Paradis Bay claims. These claims are near recent hydrogen discoveries and border the town of Paradis Bay, Ontario. The claims were acquired from a private exploration company. Edward Procyshyn, VP Exploration, indicates that the location's geological conditions could promote hydrogen production and trap gases that contain hydrogen. The area has a long-standing history of crustal extension, which may contribute to these conditions.
South Pacific Metals Identifies Multiple Copper-Gold Mineralized Districts at May River Project
South Pacific Metals Corp. has announced the identification of two significant mineralized districts, the Skygate Cu-Au Porphyry-Epithermal District and the Ufuo Polymetallic Massive Sulfide District, following a thorough review of historical data. Notable drill highlights include 19m @11.47% Cu, 2.17g/t Au at Ufuo Massive Sulfide Prospect and 109m at 1.53 g/t Au at Skygate Cu-Au Porphyry Prospect. The company's expansive copper-gold exploration package hosts multiple styles of mineralization with more than 20 identified prospects.
Nine Mile Metals Initiates Drilling on California Lake South High Priority Target Plate A with 850 Meter Diamond Drill Hole EEX-P01
Nine Mile Metals Ltd. has started its Phase 2 Drill Program at California Lake, testing Priority Plate Target A. The program includes drilling three major holes (A-B-C) at California Lake South, with Plate A being a large, deep conductor. The drilling locations, defined by EarthEx Geophysical Solutions, have minimal previous drilling. The maximum drill hole depth will be 850 meters. Plates B and C are also significant targets, with planned drill hole depths of 300 meters and 500 meters respectively. The drilling parameters for Plates B and C were designed by EarthEx.
Pasofino Gold Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately C$3.3 Million
Pasofino Gold Limited has completed the initial part of its non-brokered private placement, raising approximately C$3.3 million (US$2.4 million) through the sale of units at C$0.70 (US$0.52) each. The company issued a total of 4,770,767 common shares and 2,385,383 warrants. A second and final closing, involving an additional 36,000 common shares and 18,000 warrants, is expected on October 31, 2024. The newly-appointed director, Brett Richards, contributed a lead order of 578,338 units. The raised funds will be used for the advancement of the Dugbe Gold Project and for general working
Appia Announces Closing of $1,070,000 Non-Brokered Private Placement
Appia Rare Earths & Uranium Corp. has successfully closed its non-brokered private placement, totalling $1,070,000. This includes the sale of 9,531,250 working capital units at $0.08 per unit, amounting to $762,500 and 3,075,000 critical mineral flow-through units sold at $0.10 per unit, amounting to $307,500. Each unit sold includes one common share of the company and a warrant to purchase another share at a specific price until October 29, 2026. Finders involved in the transaction were paid $3,660 in cash and issued 45,750 broker units.
Ivanhoe Mines Issues Third Quarter 2024 Financial Results, and Review of Construction and Exploration Activities
Ivanhoe Mines reported a Q3 2024 profit of $108 million, up from $67 million in Q2 2024. It also reported an adjusted EBITDA of $160 million for Q3, compared to $203 million in Q2. Kamoa-Kakula, an Ivanhoe project, produced a record 116,313 tonnes of copper for Q3 and sold a record 103,106 tonnes, bringing in a quarterly revenue of $828 million. The company's cost of sales was $1.80 per lb of copper, with a cash cost of $1.69 per lb. The company's largest smelter project in Africa is on schedule for completion this year. Additionally, Kipushi, another
Cosa Resources Intersects Basement-Hosted Radioactivity at the 100% Owned Ursa Project, Athabasca Basin, Saskatchewan
Cosa Resources Corp. has announced the discovery of multiple instances of basement-hosted radioactivity in the final drill hole of its fall program at the Ursa uranium Project in the Athabasca Basin, Saskatchewan. The drilling revealed multiple zones of radioactivity and significant sandstone alteration. The company also confirmed the effectiveness of Ambient Noise Tomography (ANT) as a prioritization tool and identified additional target areas. The results significantly upgrade the Ursa Project's potential and demonstrate the prospectivity of the Cable Bay Shear Zone. The company plans to return for follow-up drilling based on these results.
Sanu Gold Announces Commencement of First-Ever Drill Program at its Diguifara Gold Permit
Sanu Gold Corporation has announced the start of its phase 1 drilling plans for the Diguifara project in Guinea, which is located 20km from the Siguiri gold mine owned by AngloGold Ashanti. The drilling will be carried out by Capital Limited, who participated heavily in Sanu Gold's last financing. The drilling started on October 28, with plans for a minimum of 2,000m of air core and RC drilling in 19 holes. The Diguifara permit features three undrilled, priority targets covering a cumulative strike length of 3.2km. The targets were chosen based on their strong auger gold results and continuity of geochemical and geophysical trends.
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