Mining Intelligence Articles & Market Analysis - Page 134
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Argyle Announces Renewal with Euro Digital Media
Argyle Resources extends a marketing deal with Euro Digital Media for one month, paying $500K, to promote its mineral exploration projects in North America.
Vizsla Royalties Announces Completion of Payment of Acquisition and Amendment to Compensation Plan
Vizsla Royalties completes a royalty acquisition in Mexico and amends its equity plan, doubling potential issuances, and grants stock options and RSUs to align staff with growth.
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ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update
ONGold filed a NI 43-101 technical report on Monument Bay Gold Project, detailing historical mineral resources, extensive drilling, and exploration potential in Manitoba.
District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden
District Metals filed a NI 43-101 report updating mineral resources at its Viken Project in Sweden, highlighting indicated and inferred resources for various minerals.
Kenorland Closes Atlantic Project Acquisition and Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals acquired 31,052 hectares of mineral claims in New Brunswick's Atlantic Project, enhancing its exploration portfolio for gold, polymetallic deposits, and other minerals.
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Gold Hunter Resources Announces Frankfurt Stock Exchange Listing
Canadian junior exploration company, Gold Hunter Resources Inc., has started trading its common shares on the Frankfurt Stock Exchange under the symbol "6RH" from November 20th, 2024. The listing is expected to improve the company's visibility and liquidity by connecting it with investors from European financial hubs. The company also plans to present at the Deutsche Goldmesse, Europe's top gold conference, to showcase Newfoundland's potential for discovery and highlight its focus on the Great Northern Project.
Transition Metals Corp. Announces a $300,000 Private Placement
Transition Metals Corp. plans to raise $300,000 through a non-brokered private placement of 4,000,000 Critical Flow Through Shares at $0.075 each. Proceeds will fund mineral exploration in Ontario and Yukon, with a finder's fee involved, subject to regulatory approval.
Copper Standard and Pucara Gold Complete Previously Announced Merger
Copper Standard Resources Inc. has successfully completed its acquisition of all issued and outstanding common shares of Pucara Gold Ltd. through a court-approved arrangement. Former Pucara shareholders received 0.10 of a Copper Standard common share for each Pucara share held, with a total of 7,659,195 Copper Shares issued. The new shares are expected to be listed for trading on the Canadian Securities Exchange. Options and warrants of Pucara shares have been exchanged for similar securities to purchase Copper Shares. The Pucara shares are expected to be de-listed from the TSX Venture Exchange, and Pucara will cease to be a reporting issuer.
Rise Gold Announces Results from Annual General Meeting
At the annual general meeting of Rise Gold Corp., all proposed resolutions were passed. Joseph E. Mullin III, Thomas I. Vehrs, Lawrence W. Lepard, Daniel Oliver Jr., and Clynton R. Nauman were elected as directors for the upcoming year. Davidson & Company LLP was re-appointed as the company's auditors. Shareholders approved the continuation of the company's stock option plan and, on a non-binding advisory basis, approved the compensation of the company's executive officers and annual advisory votes on executive compensation. Rise Gold Corp. is a mining company with its primary asset being the historic Idaho-Maryland Gold Mine in Nevada County, California.
Copper Standard and Pucara Gold Complete Previously Announced Merger
Copper Standard Resources Inc. has successfully completed its acquisition of all issued and outstanding common shares of Pucara Gold Ltd., according to a court-approved plan. As part of the deal, former Pucara shareholders received 0.10 of a Copper Standard common share for each Pucara share held, with Copper Standard issuing over 7.6 million shares. These shares are expected to be listed on the Canadian Securities Exchange. Meanwhile, Pucara shares are expected to be de-listed from the TSX Venture Exchange. Copper Standard is primarily involved in the acquisition and development of copper and gold projects.
Starcore Announces Second Quarter Production Results
Starcore International Mines Ltd. has announced its production results for Q2 2024. The San Martin Mine in Mexico, owned by the company, had operations suspended following a fatal incident. After meeting all safety standards set by the labor authority, the mine returned to regular operations in October. Starcore is currently testing to optimize the recovery of gold and silver from their reserves, which are estimated to be around 1 million tons. The industrial testing is set to begin in mid-December. Despite a decrease in ore milled and gold equivalent ounces, the company saw an increase in gold grade and a significant increase in silver recovery compared to the previous year.
Oracle Commodity Holding Announces Stock Option Grant
Oracle Commodity Holding Corp. has announced that its board of directors approved the grant of incentive stock options to a consultant. This will allow the acquisition of 500,000 common shares in the company at an exercise price of $0.05. The options are part of the company's 10% rolling stock option plan and can be exercised over a five-year term expiring in November 2029. The options will vest at 12.5% per quarter for the first two years starting from February 2025.
Aftermath Silver Announces AGSM Results
Aftermath Silver Ltd. has announced that all proposals were approved at its annual general and special shareholders' meeting on November 20, 2024. The current board of directors was re-elected, and the appointment of the Company's auditor, Davidson & Company LLP, was approved. The shareholders also re-approved the long-term incentive plan and approved the creation of a new Control Person, 2176423 Ontario Ltd. and Mr. Eric Sprott. 2176423 Ontario Ltd., owned by Mr. Sprott, plans to increase its equity in the Company through a private placement of 22,222,222 units to be sold at $0.45 per unit, raising up to $10,000,000. The private placement
Forge Resources Corp Announces Portal Groundbreaking and Strategic Appointments to Strengthen Project Development Team at Fully Permitted Coal Project, Colombia
Forge Resources Corp. has announced a key development in its mining operations with the successful groundbreaking of the decline portal at Aion Mining Corp's La Estrella coal project in Colombia. This marks a significant phase in the company's strategic growth. The company also welcomed two mining professionals, Guillermo Leon as Mine Manager and Mario Alonso Alzate Ferrer as Senior Mining Engineer. The establishment of the mine portal is a critical step in the project's timeline and will enable future exploration and extraction efforts. CEO Cole McClay expressed excitement at reaching this milestone, stating it signals a productive phase for Forge's development strategy.
'We've Passed the Point of No Return' - Debt Bomb Will Ignite GOLD: Clive Thompson
Clive Thompson predicts rising gold prices due to unsustainable Western debt and shares market insights....
Valkea Resources Announces Annual General Meeting
Valkea Resources Corp. will hold its annual general meeting on December 19, 2024, in Vancouver. The meeting will include voting on the company's audited financial statements for the financial year ending June 30, 2024, setting the number of directors for the following year, electing directors, and appointing D&H Group LLP as the auditor. Due to a postal worker lockout, the company may not be able to mail the meeting materials, but they will be available online and through direct contact with the company or Odyssey Trust Company. Valkea Resources is a leading gold exploration company in Finland's Central Lapland Greenstone Belt.
Cascada Silver Announces Angie Drilling Returns Significant Near Surface Molybdenum Intersections in the Upper Level of a Chilean Porphyry Discovery
Toronto-based Cascada Silver Corp. has announced encouraging assay results from its Phase I reverse circulation drill program at the Angie Copper Molybdenum Property. The drill revealed significant intervals of molybdenum, with a notable drill hole returning 26 metres grading 713 parts per million of molybdenum, including an 8 metre section grading 1,208 parts per million. The molybdenum intersections remain open in all directions. The results are significant, even though the drill holes couldn't reach the targeted depths due to excessive water.
HIRU Corp. Shareholder Update & Forward-Looking Guidance
HIRU Corp. is working towards becoming a fully SEC-reporting company to improve transparency and market visibility. The company is in final discussions to acquire an ASX-listed public mining company, aiming to diversify its asset base and strengthen its global presence. HIRU is also pursuing potential mergers with several industrial companies to create synergies and drive long-term shareholder value. Long-term plans include vertical integration of mining operations and expansion into sectors like refining, processing, and construction.
Radio Fuels & NV King Goldlands Announce Completion of Business Combination
Radio Fuels Energy Corp. has acquired all shares of NV King Goldlands Inc. as per their previously announced plan. Post-acquisition, former NV King shareholders hold 40% of Radio Fuels shares. This has allowed Radio Fuels to become the largest junior gold explorer in Nevada and gain exposure to the Atlanta Gold Mine Project. The combined entity holds around $20 million in cash and marketable securities. The board and management remain unchanged and Radio Fuels plans to apply for NV King to cease being a reporting issuer.
Ximen Mining Corp Drilling Intersects 16.30 g/t Gold on McKinney Vein Extension at its 100% Owned Amelia Gold Property - Camp McKinney BC
Vancouver-based Ximen Mining Corp has shared results from its drilling program at the Amelia Gold project in Camp McKinney, southern British Columbia. The program was carried out to test the extension of the historic Cariboo-Amelia gold mine. The drilling was completed last year, and core sampling and analyses were conducted this year. Eight drill holes were completed for a total of 2,064 meters. The target vein was intersected in five holes. The best result was from hole AM23-03, which intersected 16.3 grams of gold per tonne and 79.9 grams of silver per tonne.
Bayhorse Silver Mobilizes Drill to the Bayhorse Mine VTEM Anomaly for Drilling Potential Porphyry Copper Target
Bayhorse Silver Inc announced the arrival of an underground diamond drill rig at the Bayhorse Silver Mine in Oregon, USA. The rig is set to drill a large low-resistivity anomaly beneath the company's silver/copper mine. The drilling operation will start from 73m inside the mine portal, at an elevation of 703m above sea level. The anomaly is believed to have a vertical extent of 500m and a width of up to 100m. The company expects to intersect the top of the anomaly 150m down the hole, with a planned termination depth of 257m on the east side of the anomaly. The aim is to test for a potential porphyry copper deposit.
Sonoran Desert Copper Corporation Announces Private Placement Financing and New Chief Financial Officer
The Sonoran Desert Copper Corporation has appointed Nancy Zhao as its new CFO. Zhao has over nine years of experience and has served as CFO for several publicly traded companies. She holds a CPA designation, a diploma in financial management from British Columbia Institute of Technology, and a bachelor's degree in chemical engineering from Tianjin University of Technology. The company also announced a non-brokered private placement financing for aggregate gross proceeds of up to $750,000, consisting of up to 500,000 units at $0.15 each. Each unit includes a common share and a warrant exercisable for an additional common share at $0.30 for 24 months.
Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants
Red Metal Resources Ltd. has engaged Investment-Zirkel-München (IZM) and Free Market Media Ltd. to boost its investor awareness and online marketing efforts. IZM, which offers services for German language investor awareness, has been contracted for two years at a cost of CAD$25,000. Free Market Media will provide digital media, advertising, and awareness campaigns for a fee of up to US$50,000 for a 90-day term, which may be extended.
Military Metals Provides Overview on Tienensgrund Antimony Project, Europe
Military Metals Corp. has provided details about its Tienesgrund antimony-gold project in eastern Slovakia. The project, part of three brownfield properties acquired by the company, covers 13.40 square kilometers and traces a likely fault or shear-controlled antimony-gold system. The area, which has a mining history dating back to the Middle Ages, has over two dozen adits and small underground operations. Despite historical resource estimates and antimony-focused reports, no current resources are on the property and the company has not yet verified these historical figures. The presence of tungsten has also been noted in historical Slovak resource estimate studies.
Golden Share Announced Property Purchase Agreement with Delta Resources Limited and Extension of Share Agreement with Lipari Diamond
Golden Share Resources Corporation has announced a Property Purchase Agreement with Delta Resources Limited. This agreement allows Delta to earn a 100% interest in Golden Share's Elwood property located west of Thunder Bay, Ontario. The property covers approximately 16.85 hectares and includes one patented mining claim. Furthermore, Golden Share has extended the Share Exchange Agreement with Lipari Diamond Ltd. to December 31, 2024, with the final step being securing the required third-party capitalization to close the RTO. More updates will be provided as they become available.
GKN Hoeganaes to Support First Phosphate in LFP Cathode Active Material Development
GKN Hoeganaes, a division of GKN Powder Metallurgy, is partnering with First Phosphate to establish a North American supply chain for lithium iron phosphate (LFP) batteries, which are critical for the electric vehicle and energy storage industries. The collaboration follows the successful integration of First Phosphate's magnetite into GKN Hoeganaes's melting process, leading to high-purity iron powder, a necessary component for LFP batteries production. The partnership aims to reduce dependence on international supply chains and promote local production of LFP battery components. First Phosphate plans to integrate the high-purity Ancorsteel into its production facility in Quebec, aiming to reach 400,000 tonnes per annum by 2032. GKN
Cabral Gold Inc. Announces Amended Terms of $3,000,000 Private Placement
Cabral Gold Inc. has announced an amendment to the pricing of its non-brokered private placement of units, with a proposal to issue up to 12.5 million units at $0.24 each, aiming for gross proceeds of up to $3 million. Each unit will comprise one common share and half a common share purchase warrant, with each full warrant allowing the holder to buy one common share at $0.36 for two years after the closing of the private placement. The funds raised will be used for general corporate purposes and to complete drilling and detailed engineering after a prefeasibility study on a starter operation in the Cuiú Cuiú gold district. The securities issued will be subject to a four-month hold period from the closing
World Copper Initiates Strategic Review Process and Engages Advisor
World Copper Ltd. has initiated a strategic review process to evaluate potential growth and value maximization strategies for the company. Origin Merchant Partners has been engaged to assist in the review. The decision comes after several corporate entities expressed interest in World Copper. No specific strategic plan or financial transaction is guaranteed from this process, and no timeline for completion has been set. World Copper Ltd. is a Canadian resource company focused on copper exploration and development projects in Arizona and Chile.
Homerun Resources Inc. Announces CEO Update to Shareholders
Homerun Resources Inc. has announced the successful conclusion of its Phase 2 Logistics Plan. In the Phase 1 Resource Plan, the company secured a significant supply of HPQ Silica in Belmonte, Bahia, Brazil. They have also progressed towards producing their first 43-101 compliant maiden resource estimate in partnership with Companhia Baiana de Pesquisa Mineral (CBPM). The company has achieved its objective to facilitate bulk sales and internal supply within their own energy transition verticals through logistics partnerships. Future developments will focus on improving the economics of their silica sand supply chain through scaling of extraction and basic processing and optimization of port facilities. The company aims to scale bulk sales and reduce logistics costs to benefit customers and their internal supply chain
Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement
Zodiac Gold Inc., a West-African gold exploration company, has ended its exclusivity agreement with Mable and Fable Limited due to the latter's failure to meet funding obligations. This allows Zodiac Gold to explore various strategic opportunities such as partnerships and financing, following its recent iron ore discovery. The company aims to leverage these opportunities to maximize shareholder value. Despite the termination of the agreement, and loss of funding from Mable and Fable Limited, Zodiac Gold plans to continue its exploration projects.
Canadian Gold Corp. Announces Non-Brokered Financing to Advance Phase 4 Exploration at Tartan
Canadian Gold Corp. has announced a non-brokered private placement offering of up to $750,000, through the issuance of flow-through common shares priced at $0.19 each. The proceeds will be used to fund eligible Canadian exploration expenditures at the Tartan Mine in Flin Flon, Manitoba, to advance the company's Phase 4 exploration program. The program aims to expand upon previous exploration phases by focusing on specific areas to increase the number of ounces per vertical metre and expand the inferred resource to the west.
Standard Uranium Announces Financing for up to $1.6 Million
Standard Uranium Ltd. plans to conduct a non-brokered private placement to raise up to $1.6 million. The offering will be composed of any combination of units of the company, each valued at $0.085 or $0.10, depending on the type. The funds raised will be used for the exploration of the company's Saskatchewan uranium projects and for working capital. Proceeds from the sale of certain shares will be used to cover Canadian exploration expenses and will be renounced to the purchasers with an effective date no later than December 31, 2024.
Val-d'Or Mining Announces Option Transaction on the Powell Property in Matachewan, Ontario
Val-d'Or Mining Corporation has entered into a mining option agreement with Jacques Robert, David Lefort, and Andrew McLellan, giving it the option to acquire a 100% interest in the 32 mineral claims comprising the Powell property in Matachewan, Ontario. The company then assigned all rights and obligations under this agreement to Eldorado Gold. If Eldorado exercises the option and acquires the property, it will grant Val-d'Or a royalty of 1.5% of the net smelter returns from the property. Eldorado can reduce this royalty to 1% by paying Val-d'Or $500,000. To exercise the option, Eldorado must pay the original prospectors $305,000 and spend $2
Assays up to 18.1 g/t Au, 2,380 g/t Ag, 16.55% Cu, 15.25% Pb, and 7.44% Zn in Rocks at K2 Gold's Cerro Gordo Target
K2 Gold Corporation announced the final results from its Fall 2024 rock sampling program at the Mojave Project in Inyo County, California. The results from 105 samples showed a trend of gold, silver, copper, and base metal mineralization over a 750m wide x 3km long area in the Cerro Gordo target area. High-grade gold, silver, copper, lead, and zinc were found across the entire mineralized trend. The Company is focusing on permitting a Phase II drill program at the east gold zones, while also exploring the potential for lower grade gold mineralization.
Queen's Road Capital Announces Continuation of the NCIB
Queen's Road Capital Investment Ltd. (QRC) has announced that its Board of Directors has approved the continuation of its normal course issuer bid (NCIB) for a further 12 months, ending on November 21, 2025. The company intends to purchase up to 17.6 million common shares, representing approximately 4% of its issued shares. These shares will be cancelled and returned to treasury. The decision to make purchases will depend on future market conditions and regulatory requirements.
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