Mining News Releases & Company Updates - Page 134
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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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Lode Gold Submits Application for Exchange Approval to Form Spin Co, Gold Orogen - a Yukon (Tombstone Belt) & New Brunswick Exploration Company
Lode Gold Resources Inc. has applied for approval from the TSX Venture exchange for the spin-out of Gold Orogen, with a shareholder's meeting expected in early December 2024. The company has also consolidated its capital on a ten for one (10:1) basis, resulting in 38,032,970 issued and outstanding shares. Trading of Lode Gold Resources Inc.'s common shares will commence on a consolidated basis on the TSX Venture Exchange from October 29, 2024. This move is seen as a strategic step after significant milestones in the past year, including the upcoming share distribution of Gold Orogen to shareholders of Lode Gold.
Premium Nickel's Selkirk Deposit Provides Strong Historic Drill Core Results Including 186.25 Metres of 1.65% CuEq or 0.96% NiEq
Premium Nickel Resources Ltd. has announced promising assay results from re-sampling of historic drill core at its Selkirk mine in Botswana. The firm also updated on the Mineral Resource Estimate for the Selkirk deposit. The samples were obtained from 17 historic drill holes extracted by the former operator, Tati Nickel Mining Company. SLR Consulting Ltd. is expected to complete an MRE in compliance with National Instrument 43-101 soon. The assay results include various measurements, such as 139 meters of 1.55% CuEq, 88.85 meters of 1.09% CuEq, and 108.01 meters of 0.93% CuEq.
Kobrea Appoints Cal Everett - Axemen Resource Capital and Darren Pylot as Strategic Advisors - Western Malargüe Copper Projects - Mendoza Province - Argentina
Kobrea Exploration Corp., a copper exploration and development company, has appointed Axemen Resource Capital and Darren Pylot as strategic advisors. They will provide financial advice to aid Kobrea's growth and offer access to financial networks, capital raising, corporate introductions, new project opportunities, and M&A strategy. Cal Everett, representing Axemen, and Darren Pylot have a history of successfully building large mining and mineral exploration companies. Everett, a geologist with over 14 years of experience and CEO of Liberty Gold Corp., has raised over a billion dollars for early-stage opportunities in his career.
TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project: McEwen Copper Announces an Additional US$35 Million Investment by Nuton, a Rio Tinto Venture
TNR Gold Corp. announced that McEwen Mining Inc. has updated on the Los Azules copper, gold, and silver project in Argentina. TNR holds a 0.4% net smelter returns royalty on this project. McEwen Copper Inc., a subsidiary of McEwen Mining, recently closed an additional $35 million investment by Nuton LLC, a Rio Tinto Venture. This second tranche of offering raised McEwen Copper's total funds to $56 million. Nuton now owns 17.2% of McEwen Copper, which has a post-money market value of $984 million.
Zodiac Gold Completes Drill Program at the Alasala Target and Hits Mineralized Zones including 4.05m at 13.92 g/t
Zodiac Gold Inc., a West-African gold exploration company, has reported positive results from its diamond drilling program at the Alasala target. Highlights include 4.05m at 13.92 g/t Au, 7m at 2.23 g/t Au, and 4.25m at 0.99 g/t Au. Channel sampling also returned 6.05m at 9.06 g/t Au. The drilling results confirm the high grade continuity at depth from previous surface exploration. The drilling program started in Q3 of 2024 and ended on October 11, 2024, with eight diamond drill holes in the Mandingo Hill, Man Field and Lion Hill areas of the Alasala target
Astra Exploration Announces Fully-Subscribed Private Placement Financing with Strong Participation from Michael Gentile
Astra Exploration Inc. has announced a fully-subscribed non-brokered private placement for a minimum gross proceeds of CAD $2,000,000. This includes a $495,000 participation from Michael Gentile, increasing his share ownership to 17.9% and warrant ownership to 22.6%. The company plans to use the funds for its first drill program at Manchuria. CEO Brian Miller expressed confidence in the company's positioning and vision to become a leading Latin American precious metals developer.
Atlas Lithium's Neves Project Is Now Permitted
Atlas Lithium Corporation has received the operational permit for its Neves Project from the government of Minas Gerais in Brazil. The permit allows the company to assemble and operate its lithium processing plant, process mined ore from one of its deposits, and sell the lithium concentrate produced. The permit approval, following a 14-month review process, marks a significant step in Atlas Lithium's goal of becoming a lithium producer. The company's CEO, Marc Fogassa, highlighted that permitting is a crucial aspect in any mining project.
Prospector Identifies High Priority VTEMTM Geophysical Targets on the Devon Nickel-Copper Project, NW Ontario:
Prospector Metals Corp. is conducting detailed 3D modeling to refine initial drill targets for the Devon Ni-Cu Project in Northwest Ontario. A property-wide survey and a 2-week prospecting program have already been completed to identify high priority geophysical anomalies. The Devon Project, which is 100% owned by Prospector, spans 12,200 hectares and is easily accessible by road. It offers potential for district-scale discoveries due to its mafic-ultramafic intrusives, which could contain Ni-Cu sulfides with PGEs. The company expects to advance its targets in Q2 2025.
Lara Exploration Announces Warrant Expiry Acceleration
Lara Exploration Ltd. has announced its decision to accelerate the expiry of its outstanding common share purchase warrants and broker warrants. This decision was made following the exercise of some of these warrants by shareholders, including the company's Chairman, Miles Thompson. The full exercise of these warrants could increase the company's treasury to around $6 million, which would fully fund ongoing studies and development steps for its Planalto Copper-Gold Project in Brazil. The company will exercise its right to accelerate the expiry of the warrants to November 26, 2024, after a 10 day Acceleration Period ending October 25, 2024.
Canadian Copper to Acquire Caribou Processing Plant Complex
Canadian Copper Inc. has signed a Term Sheet and Exclusivity Agreement to acquire the Caribou Processing Plant Complex, a move that fast tracks and reduces risk in bringing the Murray Brook Cu-Zn-Pb-Ag deposit to production. The purchase price is $6,225,000 with the transaction closing on July 11, 2025. The Caribou Complex includes a 3,000-tonne per day milling facility and other infrastructure. The integration of the Murray Brook deposit with the Caribou Complex aims to reduce the schedule, capital cost, and permitting time required to produce copper, zinc, and lead concentrate.
Gladiator Intersects 26m @ 3.31% Cu Within 79m @ 1.37% Cu; Expands Mineralization at Cowley Park
Gladiator Metals Corp has announced further results from its Cowley Park drill program, which targets high-grade copper skarn mineralization. The first four shallow holes were released on October 3rd, 2024, and an additional two holes have now been reported. Further twenty-eight drill holes are expected to be completed in the coming months. Significant intercepts from the two new holes show high-grade copper and molybdenum mineralization. The results suggest that mineralization continues for over 220 meters down plunge on section. The findings are supported by geological logging of another hole (CPG-047), where copper sulphide skarn mineralization has been logged.
Nickel 28 Releases Ramu Q3 2024 Operating Performance
Nickel 28 Capital Corp. has released its Q3 2024 operational results for its largest asset, the Ramu Nickel-Cobalt operation in Papua New Guinea. The company reported a decrease in production due to a planned full shutdown, with 6,880 tonnes of nickel and 634 tonnes of cobalt produced. Nickel sales amounted to 8,685 tonnes and cobalt sales to 798 tonnes. Average nickel prices decreased by 17% and cobalt prices by 31% compared to the same period the previous year. Despite the shutdown for capital improvement projects, Nickel 28 expects Ramu's full-year production to remain within guidance.
Cabral Gold Drills 5m @ 24.5 g/t Gold in Step-Out Hole at the Machichie NE Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. has announced drill results from the Machichie NE target and the Central gold deposit in the Cuiú Cuiú Gold District, Brazil. The results showed significant high-grade gold mineralization, extending the Machichie NE zone to at least 200m. The zone remains open in all directions and depths, trending NW-SE. The drilling at Central aimed to upgrade Inferred resources to Indicated resources. Alan Carter, Cabral's CEO, commented on the promising results, noting the location of the mineralized zone just 650m north.
Heliostar Hits 16m Grading 16.7 g/t Gold in New Zone with Step-Out Drilling at Ana Paula
Heliostar Metals Ltd. has announced the first results from its 2024 drilling program at the Ana Paula project in Guerrero, Mexico. The results indicate the potential for expanding the High Grade Panel by over 115m down plunge and discovering new zones of gold surrounding the main panel. The company plans to drill 2,600 metres in Phase One and follow up with a second phase of 2,400 metres. The focus of the program is on extending the High Grade and Parallel Panels to the west and testing the down-dip extension of the High Grade Panel.
Rua Gold Announces Siren Shareholders Vote to Approve Acquisition of Reefton Resources Pty Limited
Vancouver-based Rua Gold Inc. announced that its proposed acquisition of Reefton Resources Pty Limited has been approved by Siren Gold Ltd.'s shareholders. Reefton, a fully owned subsidiary of Siren, has tenements next to Rua Gold's properties in New Zealand's Reefton Goldfield. The acquisition is expected to complete in November 2024, subject to final approval from the TSX Venture Exchange and customary closing conditions. The merger aims to create a large-scale exploration opportunity covering some of the highest-grade gold and antimony assets in the world, with the combined company benefiting from local teams and Siren's chairman joining Rua Gold's board.
RETRANSMISSION: Cruz Announces Record Date of October 29th for Spin-Out of Hector Silver-Cobalt Project
Cruz Battery Metals Corp. has entered into an agreement with its subsidiary, Makenita Resources Inc., to transfer all its rights and interests in the Hector Silver-Cobalt Project to Makenita. The Hector Property consists of 126 contiguous unpatented mineral claims totaling 2,243 hectares. The company also intends to distribute all the securities of Makenita received for the Hector Property to Cruz's shareholders on a pro rata basis. The record date is set for October 29, 2024, and shareholders of record on this date will receive free shares of Makenita without any additional cost.
Blue Star Announces Second Tranche Issuance of Shares Pursuant to Loan Agreement
Blue Star Gold Corp., a mineral exploration and development company based in Vancouver, has announced the issuance of 98,451 common shares at $0.45 per share. This represents the second tranche of shares owed to Dr. Georg Pollert, a director and controlling shareholder of the company, as part of a renewal agreement related to a $2,537,434 loan. The loan has a three-year term and bears 3% annual interest. A total of 295,354 shares will be issued to Dr. Pollert in three tranches, with the final tranche due by October 25, 2025. The shares are subject to a four-month plus one day hold period under Canadian securities laws.
Indigo Enters into Loan Agreements
Indigo Exploration Inc. has secured loan agreements totaling $170,000, which will be used for exploration work on its Hot Property and for general capital purposes. The loan, with a 10% per annum interest, is due to the lenders within 12 months, and the company has also agreed to issue 680,000 bonus shares to the lenders at $0.05 per share. Two of the lenders are company directors loaning $10,000 each, which is considered a "related party transaction" but is exempt from certain requirements due to its value not exceeding 25% of the company's market capitalization.
Florida Canyon Shareholders Overwhelmingly Approve Arrangement with Integra
Florida Canyon Gold Inc.'s shareholders have approved a plan for Integra Resources Corp. to acquire all of its issued and outstanding common shares. The arrangement had overwhelming support, with 99.71% of votes in favor. In exchange for their shares, shareholders will receive 0.467 of a common share of Integra for each share they hold. The decision was made at a special meeting where approximately 73.87% of the total shares were represented.
Battery Mineral Resources Corp. Announces Closing of Additional Financing
Battery Mineral Resources Corp. has closed a private placement of unsecured convertible debentures, raising total gross proceeds of US$200,000. These funds will be used for operations at the company's Punitaqui copper project in Chile. The debentures will mature on September 30, 2026, with an annual interest rate of 10%. Interest accrued until March 30, 2025, will be paid by issuing common shares of the company. After that date, the interest can be paid either in cash or by issuing common shares. The holder of a debenture can convert the principal amount into common shares at a conversion price of US$0.22 per share from October 25, 2024. The
Neotech Metals Announces Closing of its LIFE Financing
Neotech Metals Corp., a mineral exploration company, has announced the successful completion of its LIFE financing. The company issued over 9 million units at $0.15 per unit, raising gross proceeds of $1,351,450. Each unit includes one common share and a share purchase warrant, which allows the holder to buy one common share at a price of $0.25 for three years. The proceeds will be used for exploration expenditures and for general corporate operating expenses.
Flying Nickel Announces Receipt of Final Order for Arrangement with Norway House
The British Columbia Supreme Court has granted Flying Nickel Mining Corp. the final order for the previously announced arrangement for Norway House Cree Nation (NHCN) and 10197729 Manitoba Inc to acquire the company's Minago Nickel Project in Manitoba, Canada. The deal, worth $8,000,000, involves the surrender of all NHCN-held shares in the company, the assumption of certain royalties, and reimbursement of certain expenses. The arrangement, approved by the company's shareholders at a special meeting, is expected to be completed by the end of October, 2024, subject to certain conditions and regulatory approvals.
Astra Exploration Elects to Proceed With Option Agreement For Manchuria Epithermal Gold-Silver Project, Santa Cruz, Argentina
Astra Exploration Inc., a precious metals exploration company, has received approvals to proceed with a binding letter agreement with Patagonia Gold Corp. Under this agreement, Astra has the option to acquire up to a 90% interest in the Manchuria epithermal gold-silver Project in Argentina. The company's review of the project shows potential for a high-grade, multi-million-ounce precious metals deposit, and Astra plans to begin exploration as soon as possible.
Origen Resources Provides Correction To AGSM Update
Origen Resources Inc. is working towards a change of control, which will be voted on in their Annual General and Special Meeting. They are still awaiting a signed subscription agreement from Integra Capital Business S.A., which is expected soon. This agreement is related to the Company's Los Sapitos Lithium Project in Argentina. Until the agreement is signed, the vote will be advisory, but the company may proceed with shareholder approval in writing if the advisory vote is in favor. All proxies received so far support the change of control.
Origen Resources AGSM Update
Origen Resources Inc. is working to finalize a change of control, with an advisory vote on the matter scheduled for October 25, 2024. The company is also managing a transition in its CFO role, with Natasha Tsai stepping down and Lawrence Cheung stepping in. Further updates on the control change and CFO transition will be made as they occur.
Homerun Resources Inc. Announces Upsizing and Closing of Private Placement Financing
Homerun Resources Inc. has announced it will issue 1,675,054 units, raising approximately $2.18 million via a non-brokered private placement. Each unit comprises one common share and one purchase warrant, with each warrant allowing the holder to purchase an additional share at $2.00 for 24 months. Proceeds will be allocated towards lease payments, purchase payments, research and development, operations, business development, and fees. The company will also pay cash finder's fees of $38,834 and issue 29,872 Broker Warrants to Red Cloud Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp., and Leede Financial Inc. All securities issued are subject to a four-month and one-day
Founders Metals Closes C$20M Bought Deal Financing
Founders Metals Inc. has completed its planned private placement offering of 8,340,000 Shares at C$2.40 per share, raising a total of C$20,016,000. The offering was headed by BMO Capital Markets, including other underwriters like Clarus Securities Inc., Paradigm Capital Inc., and H&P Advisory Limited. The raised funds will be utilized for exploration activities at the Antino Gold Project and other corporate purposes. The securities issued will be subject to a hold period of four months and one day after the closing, as per Canadian securities laws. The shares have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption. Found
Fuerte Metals to Begin Trading on The OTCQB Exchange
Fuerte Metals Corporation's common shares have been approved to trade on the OTC Market's Group Inc.'s OTCQB Venture Market in the United States under the ticker symbol FUEMF. The company's shares will also continue to trade on the TSX Venture Exchange under the symbol FMT. This move aims to expand Fuerte's U.S. shareholder base as they advance their Cristina precious metals project in Mexico and Placeton copper porphyry project in Chile. The OTCQB is recognized as an "established public market" by the U.S. Securities and Exchange Commission for U.S. and international companies in the entrepreneurial and development stage.
World Copper Files Technical Report for Updated Resource Estimate for the Zonia Project
World Copper Ltd. has filed a technical report for an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA. The report reveals Indicated Resources of 109.9 million short tons grading 0.299% total-copper, containing 657 million pounds of copper, and Inferred Resources of 59.2 million short tons grading 0.254% total-copper, containing 301 million pounds of copper. This signifies a substantial expansion of the Zonia resource estimate in the Indicated category compared to previous estimates. The report is available on World Copper's SEDAR+ profile and its official website.
American Creek's JV Partner Tudor Gold Announces Positive Metallurgical Testing Results for the Goldstorm Deposit at Treaty Creek, Located in the Heart of the Golden Triangle, Northwestern British Columbia
American Creek Resources Ltd. has announced an update on the ongoing metallurgical testing on the Goldstorm gold, copper, and silver deposit in British Columbia, in partnership with Tudor Gold. The testing on the Lower CS-600 sub-domain has shown potential for producing a high-grade copper concentrate with significant gold and silver content. Flotation recoveries have totaled up to 88.1% for copper, 63.8% for gold, and 51.3% for silver. According to Tudor Gold's CEO, Ken Konkin, this process could yield a high-grade concentrate with excellent recoveries. Further testing is underway for a potential Preliminary Economic Assessment.
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