Mining News Releases & Company Updates - Page 133
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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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Surge Battery Metals Achieves Successful Lithium Clay Beneficiation with Nevada North Project Sample Resulting in a 25% Lithium Grade Increase
Surge Battery Metals Inc. has reported a 25% increase in lithium grade and retention of 87% of lithium for the Nevada North Lithium Project, following testing conducted at Sepro Mineral Systems in partnership with Kemetco Research. These results are expected to be included in a Preliminary Economic Assessment set to be released in Q1 2025. The company also reported continued work on mineral processing and metallurgical techniques aimed at increasing efficiencies and reducing lithium recovery costs. The testing process involved a Falcon C Concentrator which could be incorporated into future plant design due to its potential for scalability.
First Andes Silver Announces High-Grade Silver Assays at Santas Gloria Property Including 0.95m at 754 g/t Ag Eq Within 7.43m at 224 g/t Ag Eq
First Andes Silver Ltd. has announced successful results from its maiden diamond drill program at the Santas Gloria silver property in Peru. The drill has shown multiple high-grade silver assays from different vein systems. The company intends to follow up with more drilling in the sulphide zone of the vein systems. These results are considered encouraging by Dr. Christopher Wilson, a consulting geologist for First Andes.
Champion Electric Extends Lithium Mineralized Corridor to Over 10 Kilometres at Western Prospect, Quebec Lithium Project, James Bay Territory
Champion Electric Metals Inc. has announced the receipt of spodumene grain counts for 360 samples at the Quebec Lithium Project located in Eeyou Istchee James Bay territory. The spodumene grains in the samples indicate the presence of a larger spodumene system nearby. The 2024 exploration program has successfully bridged the gap between the Western Prospect and Powerline Prospects, extending their lithium mineralized corridor to over 10 kilometers. The company expects to receive more results from the 2024 program in the coming months, which will further define their trenching and drill targets along the known lithium mineralization corridor.
Mason Resources Announces Strategic Investment in Sand Minerals, a Company Recently Launched by the Team of Arena Minerals
Mason Resources Inc. has invested CAD $1 million in Sand Minerals Inc., a new private company focused on lithium brine projects in Argentina. The company was founded by William Randall and the former team of Arena Minerals Inc., which was previously acquired by Lithium Americas Corp. Mason's chairman, Fahad Al-Tamimi, expressed excitement about the venture, highlighting the increasing global demand for lithium due to the rise of electric vehicles. The investment has made Mason a significant shareholder of Sand Minerals Inc.
Sanu Gold Announces a New Target at Salat East on Daina Project
Sanu Gold Corporation has identified a promising gold target, Salat East, in the southeastern region of the Daina project in the Siguiri Basin, Guinea. This area, marked by new and extensive artisanal workings, offers significant gold ounce potential, with miners extracting mineralized material along a 500m northeast trending line. The company plans to evaluate Salat East through rock chip sampling, geological mapping, and geophysics before potential drilling. Sanu Gold is also preparing to commence a 2,000m, 19-hole drilling program at Diguifara. The CEO expressed enthusiasm about the newly defined target and its potential high-value mineralized material.
Metals Creek Sells Shabaqua Corners Gold Project to Delta
Metals Creek Resources Corp. has announced an agreement with Delta Resources Limited, in which Delta will acquire a 100% interest in eleven claims from Metals Creek, as well as the right to earn a 100% interest in eight additional claims held by Gold Cache Inc. The claims, covering approximately 233 hectares, are located in Horne and Dawson Road Lots Township and are contiguous with the Delta-1 Property. This deal will allow Metals Creek to focus on other projects while still maintaining exposure to Delta's success through shareholding and the NSR on these claims.
Borealis Expands Its Borealis Property Through Claim Staking
Borealis Mining Company Limited has announced it is expanding its claim package at the Borealis property in Nevada. The new claims add 3.66 square miles to the existing 22.9 square mile package. These new claims contain historical drill intercepts and surface sampling results with gold mineralization. Sixty-four claims were added on the east side of current claim holdings, containing 14 historical drillholes and numerous surface samples with significant gold mineralization. The new claims are in the same general area as the 583 claims recently staked by Headwater Gold, under an agreement with Newmont Corporation.
Magna Mining Files Technical Report for the McCreedy West Copper-Nickel Mine
Magna Mining Inc. has filed an independent technical report in connection with its acquisition of a portfolio of base metals assets in the Sudbury Basin, including the McCreedy West copper nickel mine. The report, titled 'Mineral Resource Estimate for the McCreedy West Copper-Nickel Mine', has been lodged in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The report is accessible on the Company's profile page at www.sedarplus.com. Magna Mining is an exploration and development company focused on nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada.
Delta Furthers Its Strategic Land Acquisition in the Eastern Shebandowan Greenstone Belt in Thunder Bay, Ontario
Delta Resources Limited has acquired a 100% interest in 11 claims from Metals Creek Resources Corp and the right to earn a 100% interest in an additional eight claims held by Gold Cache Inc. This acquisition increases Delta's land package in the Eastern Shebandowan Greenstone Belt to over 30,833 hectares. The newly acquired claims are all contiguous with Delta's existing property and host several gold occurrences. There are no work commitments on these new claims or on the entire Delta land package. The company aims to control the highly prospective gold-endowed belt in the area.
Group Eleven Announces Exercise of Warrants and Expanded Drill Program at Ballywire
Group Eleven Resources Corp., a mining company, has announced that it has received $749,438 from recent warrant exercises and will use these funds to expand its ongoing drill program at the Ballywire zinc-lead-silver discovery in the Republic of Ireland. The company also reported that it has received a total of $1,550,000 from the exercise of 12,916,667 warrants in 2024. The additional funds will allow the company to continue its two-rig drill campaign at full capacity beyond 2024. The company plans to maintain or increase the pace of drilling at Ballywire in 2025.
Snow Lake to Present at the 2024 ThinkEquity Conference
Frank Wheatley, CEO of Snow Lake Resources Ltd., a Canadian clean energy exploration company, will participate and present at The ThinkEquity Conference on October 30, 2024, in New York. Wheatley will also hold one-on-one investor meetings throughout the day. The conference, organized by boutique investment bank ThinkEquity, brings together institutional investors, corporate clients, and industry professionals to discuss innovations and financial strategies. Snow Lake Resources, listed on the NASDAQ, has a global portfolio of clean energy mineral projects, including uranium and lithium projects.
Provenance Gold Provides Drilling Update at Eldorado
Provenance Gold Corp. has provided an update on its core drilling program at the Eldorado Project in eastern Oregon. So far, the company has completed two holes and is in the process of drilling a third. The program has already unearthed mineralization with visible gold in various locations, confirming a deeper mineralized zone under the previously known limits of historical drilling. A detailed geological map has been completed concurrently to the drilling, indicating that the new gold zone at the surface extends beyond the current hole and identifies large previously unrecognized surface alteration zones. The core from the first hole is being tested at ALS Global in Reno, Nevada, with results to be released when available.
F3 Hits 12.0% U3O8 Over 2.0m Within 2.66% Over 10.5m
F3 Uranium Corp has reported positive assay results for 13 drillholes in its ongoing 2024 drill program on the PLN Property, including significant mineralization over a 13.5m interval. The exploration focused heavily on the B1 area near and south of the Harrison Fault, with multiple promising drill holes. The company has also discovered the A1 Shear Extension, about 400m beyond the previously interpreted southern extent of the A1 shear. This discovery, along with the potential for stacked and parallel structure south of Harrison Fault, provides further high priority drill targets.
European Energy Metals Announces Proposed Warrant Repricing
European Energy Metals plans to amend the exercise price of around 6 million common share purchase warrants, pending TSX Venture Exchange approval and consent from warrant holders. The adjustment would lower the original price of $0.75 to $0.25. If the company's shares exceed $0.3125 for ten consecutive trading days, the warrant exercise period will be shortened to 30 days. Grit Metals Corp, a junior mining company, is focusing on a Lithium-Cesium-Tantalum Project in Finland, with exploration licenses near the Keliber mine, set to start production in H2 2025.
ATEX Announces Grant of Incentive Stock Options and Restricted Share Units
On October 28, 2024, ATEX Resources Inc. announced that according to its Stock Option Plan, it has granted 2,290,870 incentive stock options to its employees, with 1,474,650 going to its officers. Each option allows the holder to acquire one ATEX common share at $1.63 over a five-year period. Furthermore, 422,098 restricted share units (RSUs) have been granted to company directors, vesting upon termination of their board membership. ATEX is currently exploring the Valeriano Copper-Gold Project in the Atacama Region, Chile, which holds a large copper gold porphyry mineral resource.
Gold Hunter Resources Launches New Website and Investor Presentation Highlighting the Great Northern Project's Strategic Potential
Gold Hunter Resources Inc., a junior exploration company, has launched a new website and an updated Investor Presentation featuring the Great Northern Project in Newfoundland. The project covers a 23,060-hectare land package in the White Bay area, including a 49.2-kilometer section of the Doucers Valley Fault known for high-grade gold occurrences. The company will also release a Technical Presentation and a condensed Investor Presentation in the future. David Copeland, Chief Geologist and lead geological consultant with Magna Terra Minerals, will present about the project at the Mineral Resources Review 2024, while the company's President & CEO, Sean Kingsley, will present at Kai Hoffman's Deutsche Goldmesse in Frankfurt, Germany.
Kutcho Copper Increases Financing
Kutcho Copper Corp. has increased its non-brokered private placement to raise up to $1,300,000. This will be achieved through the sale of 13,000,000 units at $0.10 each, each unit consisting of a common share and a transferable share purchase warrant. The proceeds will be used to advance the Kutcho Project and cover administrative and working capital expenses. The offering's closing depends on the receipt of TSX Venture Exchange approval.
Closing of Private Placement for Total Proceeds of $100,000
K9 Gold Corp. has announced the closure of its Private Placement, which consisted of 1,428,570 units priced at $0.07 per unit. Each unit includes a common share and a share purchase warrant, valid for five years from closure at an exercise price of $0.10 per share. The common shares are subject to a four-month hold period, expiring on March 1, 2025. The proceeds from the Private Placement will be used for general working capital. Two insiders contributed to this financing with a total of 803,572 units, and no commissions were paid. The company warns that certain forward-looking statements may be subject to risks and uncertainties.
Compass Announces Joint Production Agreement to Commence First Commercial Gold Recovery on Tarabala Trend
Compass Gold Corp. has announced plans to produce gold at the Massala prospect in southern Mali, with production and cash-flow expected for Q1 2025. This follows a joint-production agreement with Malian business group SMAT, allowing Compass to utilize a Small Mining permit and SMAT to update processing components at their facility. The generated cash flow will fund operating cash requirements, convertible debenture repayments, and further exploration and production activities. The agreement is significant as it allows Compass to expedite profitable gold production with minimal capital investment.
Myriad Exercises Initial 50% Option on Copper Mountain
Myriad Uranium Corp., a company with a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, has announced its decision to acquire an initial 50% interest under an agreement with Rush Rare Metals Corp. The acquisition was made possible because the company's qualifying expenses at Copper Mountain have exceeded $1.5 million, enabling it to issue over 1 million common shares valued at $400,000. Additionally, Myriad has granted 2,075,000 incentive stock options and 2,475,000 Restricted Share Units to some of its directors, officers, and consultants.
Kapa Gold Appoints North American Permitting Expert Ron Espell as Advisor
KAPA GOLD INC. has appointed Ron Espell, an expert in environmental management and mine permitting with over 30 years of experience, as an advisor for permitting the Blackhawk Gold Mine project. Espell has a proven track record in navigating complex regulatory landscapes, particularly in California, and has managed environmental compliance and permitting in Africa and Australia. His appointment is expected to provide assurance and precision to KAPA Gold's permitting strategy.
Equity Metals Reports Final Assay Results from Summer Drilling on the Silver Queen Property, BC; Provides Drilling Update
Equity Metals Corporation reports final assay results from its Summer '24 drill program at the Silver Queen project in British Columbia, highlighting significant extensions and new discoveries, particularly at George Lake and Camp North, with ongoing exploration efforts.
Minera Alamos Announces Acquisition of Sabre Gold
Minera Alamos Inc. and Sabre Gold Mines Corp. have agreed on a deal, signed on October 27th, 2024, in which Minera Alamos will acquire all shares of Sabre Gold. This acquisition will enhance Minera Alamos' position as a growth-oriented gold producer and add an additional 150koz of annual gold production. The deal includes the acquisition of the past-producing Copperstone Mine, which has significant infrastructure and resources for a near-term restart. The transaction is supported by Sabre Creditors, which will eliminate about $9.4 million of existing debt at a 15% discount.
Minera Alamos Announces Acquisition of Sabre Gold
Minera Alamos Inc. and Sabre Gold Mines Corp. have entered into an agreement where Minera Alamos will acquire all shares of Sabre Gold. This acquisition will enhance Minera Alamos's position as a growth-oriented gold producer. The addition of the Copperstone mine in Arizona will provide visibility to a further 150koz of annual gold production. The Copperstone mine, formerly produced a total of 514,000 oz of gold from 1987 to 1993, is at an advanced stage for a near-term mine restart. The transaction is supported by Sabre Creditors, eliminating approximately $9.4 million of existing debt at a 15% discount to face value.
Golden Goliath Sells Mexican Exploration Assets
Golden Goliath Resources Ltd. has sold its remaining Mexican exploration assets to a subsidiary of Fresnillo plc for USD $75,000, with half paid on signing and the remaining balance to be registered with Mexican authorities. Additional royalties were sold for USD $25,000, and further concessions will be sold for $50,000 upon certain conditions being met. Golden Goliath is now focusing on its owned gold properties in Ontario and four REE projects in Quebec. The asset sale in Mexico helps reduce carrying costs and increase working capital.
E-Power Resources Inc. Announces Closing of a Second Tranche of Private Placement
E-Power Resources Inc has closed a second tranche of a private placement, issuing 3,950,000 units at a price of $0.05 per unit, resulting in gross proceeds of $197,500. Each unit is composed of one common share and one-half common share purchase warrant, with each warrant allowing the holder to acquire an additional common share at a price of $0.10 for 60 months from the closing date. The net proceeds will be used for general working capital purposes. The securities offered have not been registered under the U.S. Securities Act of 1933 or any state securities laws, hence they cannot be offered or sold in the United States without registration or exemption.
Ximen Mining Corp: Brett Epithermal Gold Project Drilling Hole 5
Ximen Mining Corp. has announced the completion of the 5th hole in its drill program at the Brett epithermal gold project near Vernon in southern BC. The hole B24-05 was drilled at a 45-degree inclination to the northeast to test the Border Zone, an alteration zone west of the Main Zone. The drill intersected multiple altered and mineralized zones and three porphyry dikes. The findings include a sulphide zone, five clay-pyrite mineralized zones, and a quartz vein breccia. These results further correlate with their targeted exploration areas.
Great Atlantic Completes Seventh and Eighth Holes of 2024 Diamond Drilling Program; Both Holes Intersected Visible Gold bearing Veins at its 100% Owned Golden Promise Gold Property - Central Newfoundland
Great Atlantic Resources Corp's subsidiary, Golden Promise Mines Inc., has completed the seventh and eighth holes of its 2024 diamond drilling program at the Golden Promise Gold Property in central Newfoundland. Quartz veins with visible gold were found in the drill holes, which were part of a fully funded drill program. The holes were completed in the west region of the gold-bearing Jaclyn Main Zone and were designed to target the zone between the surface and approximately 100 meters vertical depth.
Volt Carbon Technologies Reaches 1,100 Cycles with Its High Energy Density Lithium Iron Phosphate / Li-Metal Battery
Volt Carbon Technologies Inc., a company based in Calgary, Alberta, has announced a significant advancement in its Lithium Iron Phosphate / Li-metal (LFP) battery technology. The company's batteries, produced at its subsidiary, Solid Ultra Battery's facility, have now reached 1,100 cycles in testing, retaining 80% of their capacity. This progress enhances the competitiveness of LFP / Li-metal batteries for use in electric vehicles, aerospace, and battery-powered devices, and eliminates the need for expensive nickel and cobalt materials. Volt Carbon plans to continue enhancing its technology, aiming for 80% capacity retention and higher cycle life in the next development phase.
Golden Horse to Raise Up to A$18M to Drive District-Scale Gold Exploration and Progresses ASX Listing with Lodgement of Prospectus
Golden Horse has filed a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering (IPO) to raise between A$16 million and A$18 million. The company will also seek to list on the Australian Securities Exchange (ASX). The offer consists of up to 72 million Chess Depositary Interests (CDIs) at A$0.25 each. The funds will be used to capitalize on Golden Horse's strategic position in the Southern Cross Greenstone Belt, a renowned gold-producing region in Australia. The offer is set to open on November 4, 2024, and close on November 15, 2024, with a planned ASX listing date of December 2, 202
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