Mining News Releases & Company Updates - Page 135
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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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ATEX Announces US$40 Million Strategic Investment by Agnico Eagle
ATEX Resources Inc. has announced a strategic investment of US$40 million by Agnico Eagle Mines Limited. The investment will be used for exploration activities at the Valeriano Copper-Gold Project in Chile and for general corporate purposes. Agnico will subscribe for approximately 33.9 million units of ATEX at a premium price. ATEX also plans to repay its entire US$15 million credit facility debt through the issuance of equity. Additionally, a private placement will be made to new board member Rick McCreary, raising C$500,000.
Cruz Announces Record Date of October 29th for Spin-Out of Hector Silver-Cobalt Project
Cruz Battery Metals Corp. plans to transfer all its rights to its Hector Silver-Cobalt Project to its subsidiary, Makenita Resources Inc., and then distribute all the securities of Makenita received in return to Cruz's shareholders on a pro rata basis. This is part of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The record date is October 29, 2024, and shareholders of record on that date will receive free shares of Makenita without any additional cost.
Portofino Applies for Extension of Warrants
Portofino Resources Inc. is seeking approval from the TSX Venture Exchange for a one-year extension of 21,875,000 common share purchase warrants exercisable at $0.10. These include 13,000,000 warrants expiring on November 3, 2024, and 8,875,000 warrants set to expire on November 29, 2024. If approved, the amended expiry dates will be in 2025. The company is focused on exploring and developing mineral resource projects in the Americas, including the Yergo and Arizaro Lithium Projects in Argentina and several exploration projects in northwestern Ontario, Canada.
M3 Extends Warrant Term
M3 Metals Corp. has applied to the TSX Venture Exchange to extend the expiry date of certain share purchase warrants for three additional years, from February 7, 2025, to February 7, 2028. The warrants in question were initially issued on February 7, 2023, and are exercisable at 32 cents per common share. Nearly two million of these warrants are held by related parties of the company, making this amendment a related-party transaction. This action is subject to approval by the TSX Venture Exchange.
K2 Gold Closes Oversubscribed Second/Final Tranche of Private Placement Financing
K2 Gold Corporation has announced the closing of an oversubscribed second/final tranche of its non-brokered private placement financing. The company issued 7,925,000 units, generating gross proceeds of $792,500. This follows the first tranche, which saw 9,500,000 units issued to raise $950,000. Each unit consists of one common share and one non-transferable share purchase warrant. The warrant may be exercised to acquire one share at a price of CDN$0.30 per share for 12 months from issuance, subject to an acceleration clause.
Stamper Announces Proposed Extension and Repricing
Stamper Oil & Gas Corp. has applied to the TSX Venture Exchange to extend the expiry dates of over 9 million share purchase warrants from 2023 to 2025, subject to approval from the exchange. The company also plans to reprice these amended warrants from $0.07 to $0.05, pending approval and receipt of consent from each warrantholder. The repriced warrants will be exercisable into one common share of the company at $0.05. The company is working on obtaining written consents from warrantholders and expects to receive them by next week. The amended warrants include an acceleration clause that could potentially change the expiry date.
Kingsmen Resources Announces $1 Million Private Placement
Kingsmen Resources Ltd. has arranged a non-brokered private placement financing to raise up to $1 million. The financing will involve the sale of up to 4 million units, each containing one common share and one common share purchase warrant, at a price of $0.25 per unit. Each warrant gives the holder the right to purchase an additional common share at $0.40 for two years. All securities issued in the financing are subject to a four-month hold period and necessary regulatory approvals. The focus of the company is on exploration and development of high-margin metallic mineral deposits in the Parral mining districts.
Emperor Announces Private Placement
Emperor Metals Inc. has arranged a non-brokered private placement of 7,500,000 flow-through shares at a price of $0.11 per share, raising gross proceeds of $825,000. The proceeds will be used for eligible Canadian exploration expenses and will qualify as flow-through mining expenditures. The shares will be subject to a four-month hold period and are subject to acceptance by the Canadian Securities Exchange.
Equinox Gold to Announce Third Quarter Financial and Operating Results on November 6, 2024
Equinox Gold Corp. will announce its unaudited financial and operating results for Q3 and the first nine months of 2024 on November 6, 2024, after the market closes. A live conference call and webcast to discuss the results will take place the next morning, November 7, at 7:30 am PT. The webcast will be available on the company's website until May 7, 2025.
Southern Silver Provides Corporate Update
Southern Silver Exploration Corp. announced that all resolutions detailed in the Company's notice of meeting were passed by the majority of shareholders at their annual general meeting on October 23, 2024. The shareholders re-appointed Smythe LLP as the company's auditor and approved the company's rolling incentive stock option plan. The plan reserves a maximum of 10% of issued shares for issuance under the plan and is subject to TSX Venture Exchange acceptance. The company also re-elected its current directors and expressed gratitude to Eugene Spiering, who has retired from the Board. The company focuses on discovering world-class mineral deposits, with a primary emphasis on its Cerro Las Minitas silver-lead-zinc project located in Mexico's Faja de Plata.
Ucore Continues to Advance its US DoD Demonstration Project towards Louisiana REE Commercialization
Ucore Rare Metals Inc. is making significant progress on its US$4 million project with the US Department of Defense. The project involves the separation of mixed heavy and light rare earth elements at Ucore's Commercialization and Demonstration Facility in Kingston, Ontario. The company has achieved 60% of the project's objectives, including the establishment of an on-site analytical laboratory, a Continuous Improvement Program, and the completion of over 2,600 hours of Demo Plant runtime. It has also processed over 3 tonnes of rare earth elements and produced over 57,000 liters of rare earth chloride raffinates and strip liquors. Ucore is also working towards developing a commercial rare earth element supply chain in the West.
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
Tudor Gold Corp. announced an update on ongoing metallurgical testwork on the Goldstorm gold, copper, and silver deposit located in the Golden Triangle of British Columbia. The test results indicate that a high-grade copper concentrate can be produced from the Lower CS-600 sub-domain, with up to 88.1% copper, 63.8% gold, and 51.3% silver recoveries. The testing program supports a future Preliminary Economic Assessment (PEA). CEO Ken Konkin expressed satisfaction with the results, noting that over 50% of the CS-600 Domain is located within the tested sub-domain.
Magnum Goldcorp Announces Director Appointment
Magnum Goldcorp Inc. has announced the appointment of David Smith as a director of the company, effective from October 22, 2023. Smith has a background in real estate development and environmental businesses, with recent experience in the mining industry as the founder and CEO of GoldHaven Resources Ltd.
Military Metals Adds Key Ground at Its West Gore Antimony Property, Signs Binding LOI to Acquire Additional Claims
Military Metals Corp. has signed a letter of intent to acquire additional claims around its West Gore Antimony Project in Nova Scotia, Canada, to consolidate the mineral-rich area. The newly acquired ground adds 388 hectares, encompassing the rest of the West Gore antimony-gold mineral system and its historical mining operations. The company has an option to acquire full interest in the licenses for $235,000 over three years, with the sellers receiving a 3% Net Smelter Royalty. The company will announce the Definitive Agreement within ten days.
Metals Creek Drills 110 Meters of 1.69% Copper and 7.05 g/t Silver at the Tillex Copper Project
Metals Creek Resources Corp. has announced results from the second hole of its recently completed diamond drilling program at the Tillex Copper Project in Currie Township, Ontario. The drilled intercept has resulted in the longest intercept to date on the project, returning a downhole intercept of 110 meters of 1.69% Copper and 7.05 grams per tonne Silver. Included in this interval are two higher grade intervals of 2.46% Copper and 6.89g/t Silver over 26.72m, and 3.04% Copper and 13.85g/t Silver over 23.60m.
Premium Nickel Expands Selebi North Deposit with Discoveries of New Mineralization Beyond Initial Mineral Resource Estimate
Premium Nickel Resources Ltd. has announced the expansion of deposits and high-grade assay results from three drill holes outside the initial Mineral Resource Estimate at its Selebi North mine in Botswana. The results show promising intersections of nickel, copper, and cobalt. The company is still waiting for assay results for one more drill hole. These results are the first that are significantly outside the previous deposit boundaries, indicating potential for further resource expansion.
Decade Intersects 4.36 m of 2.69 % Copper and 23.7 g/t Silver
Decade Resources Ltd has reported on the first three holes of the 2024 drill program from the 1000m drilled on the Nobody Knows # 2 zone in Stewart, British Columbia. This zone is part of a larger project consisting of 52 mineral claims, all owned by Decade, and spans over 23,016.7 hectares. The mineralization is dominated by bornite, chalcocite, and malachite, with no significant gold but enriched in silver, fitting the model of a red bed type copper-silver mineralized system. The drilling successfully indicated strong mineralization to at least 100m depth. The first three holes showed varying levels of silver and copper.
QIMC Unveils Landmark Geophysical Survey Findings in its natural hydrogen Ville Marie project
Quebec Innovative Materials Corp. (QIMC) has announced successful results from non-invasive geophysical surveys in the St-Bruno-de-Guigues area of Témiscamingue. The surveys were carried out following the detection of high hydrogen soil-gas anomalies. The data from the surveys provides a detailed understanding of the geology and gas seepage dynamics in the area, which is critical for future exploration and development projects. QIMC partnered with the Institut national de la recherche scientifique (INRS) to use geoelectric tomography, a technique that allows for detailed subsurface geological mapping without the need for drilling.
Golden Spike Announces Mobilization of Drill to Gregory River Property
Golden Spike Resources Corp. has started mobilizing diamond drill equipment and crews for a program at the Gregory River copper-gold property in western Newfoundland. The program is expected to include about 14 holes, covering 3,000 meters, in various target areas. The company has already identified multiple high-priority targets based on a blend of geological, geochemical, historical, and magnetic data. All required permits have been secured and drilling will commence at the Steep Brook target. The company CEO, Keith Anderson, expressed excitement about the commencement of the project and promised to update shareholders with drilling results as they become available.
Independence Gold Announces Closing of $6,650,000 Non-brokered Private Placement
Independence Gold Corp. has closed its non-brokered private placement, issuing over 10 million units at $0.22 each and more than 20 million flow-through common shares at the same price. This raised total funds of $6,650,000. The company's CEO, Randy Turner, expressed satisfaction with the market support and announced a 7,500 metre drilling program set to start in November 2024. The funds raised also included cash finder's fees of $200,556 and over 853,000 non-transferable finders compensation warrants. Company insiders participated in the private placement on equal terms as non-insiders.
South Pacific Metals Congratulates K92 Mining on Significant Strike Extension at Arakompa and Discovery of Potential Thick High-Grade Zone
South Pacific Metals Corp., a gold-copper exploration company operating in Papua New Guinea, congratulated K92 Mining Inc. on its latest successful drilling results at Arakompa, which is near South Pacific's Anga Gold-Copper Project. K92's drilling led to a significant strike extension and discovery of a potential high-grade zone. Earlier, South Pacific completed its exploration program at the Irinke Prospect, located near Arakompa. The exploration identified significant structural features similar to Arakompa, with drilling targets now being assessed. South Pacific's Executive Chair, Michael Murphy, commended K92 on its growth and success in expanding its resource base.
Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,500,000
Spanish Mountain Gold Ltd. has increased the maximum aggregate gross proceeds of its previously announced private placement from C$5,000,000 to C$6,500,000 due to strong investor demand. The revised offering is made up of up to 18,518,519 units at a price of C$0.135 each, up to 16,129,035 flow-through share units priced at C$0.155 each, and up to 7,500,000 flow-through units to be sold to charitable buyers at C$0.20 each. Red Cloud Securities Inc. is acting as the sole agent and bookrunner for the offering.
Omai Gold Drills 10.93 g/t Au over 7.5m, 3.19 g/t Au over 22.8m and 2.96 g/t Au over 19.4m at Wenot
Omai Gold Mines Corp. has announced positive results from its ongoing drilling project at the Omai gold project in Guyana. Since July 2024, the company has completed 17 diamond drill holes totalling 8,460 metres. Assays have been reported for six drill holes and six more are pending. Two drilling rigs are currently operational. The company plans to expand the drilling program, including the addition of a third drill rig, to speed up an updated Mineral Resource Estimate at Wenot in Q1 2025. Work on the Gilt Creek deposit has also begun and is expected to be included in an updated economic study in Q2 2025. The present 10,000 m drill program aims to advance the Omai project
Talon Metals Makes New Copper-Nickel Discovery in Michigan
Talon Metals Corp., a mining company, has discovered 99.92 meters of copper and nickel mineralization in its first drilling at the Boulderdash target in Michigan. The discovery is significant in the ongoing exploration efforts of the company as part of its 2024 exploration plan. The mineralized bedrock was found starting at a depth of 9.14 meters and included 48.00 meters grading 2.11% Copper Equivalent. The Boulderdash target was identified through field prospecting and is located close to the Eagle Nickel Mine, the only operating nickel mine in the U.S.
Joint Release - Kwanlin Dun First Nation and Gladiator Metals Corp.
The Kwanlin Dun First Nation (KDFN) and Gladiator Metals Corp. have entered into a Capacity Funding Agreement, marking a milestone in their relationship. The agreement supports KDFN's review and participation in consultation activities related to Gladiator's Whitehorse Copper Project within KDFN's traditional territory. It also formalizes the process for meaningful engagement, potential strategies to mitigate effects of the project, and Gladiator's commitment to fund KDFN's involvement. However, it does not imply KDFN's approval of the exploration activities. Both parties look forward to continuing their collaboration.
Scorpio Gold Drills 6.08 Grams per Tonne Gold over 9.4 Metres at the Consolidated Manhattan District
Scorpio Gold Corporation has announced strong results from its 2024 drilling campaign at the Manhattan District in Nevada, USA. Hole 24MN-007 confirmed mineralization associated with the Reliance Fault, while other holes suggest a potential to extend high grade mineralization within the district. The drillings show potential to connect high-grade gold mineralization from the Goldwedge Underground through the Echo Bay West and East Pits, with a strike length of approximately 1.8 km. The results support the company's belief in the significant potential for a large open pit high-grade gold resource in the Manhattan District. Further assay results are pending.
Core Nickel Announces Board Changes
Core Nickel Corp. has announced that Paul Reid and Marc Pais have been appointed to the Company's Board of Directors, replacing Shane Shircliff and Karen Lloyd. Paul Reid and Marc Pais, both co-founders and former executives at Arizona Metals Corp., have extensive experience in investment banking, capital raising, and mining research. The pair, now large shareholders at Core Nickel, expressed their confidence in the company's potential for exploring new nickel discoveries due to its prime location and strong geological team. The company is set to start testing various drill targets in early 2025.
Spark Energy Minerals Identifies Priority Targets and Accelerates "Boots on the Ground" Exploration at its Arapaima Lithium Project
Spark Energy Minerals Inc., an exploration company focusing on the discovery of battery metals in Brazil's Lithium Valley, is advancing its exploration program for spodumene rich pegmatites across a 64,359 hectare area. The company is leveraging data from previous government reports, saving significant time and costs. The exploration strategy includes stream sediment sampling, heavy mineral pan concentrates testing, geological mapping, and rock chip sampling. The company has divided its portfolio into Priority 1 and Priority 2 areas based on geological assessments and logistical considerations. The initial exploration phase will focus on the highest-ranked targets while collecting geochemical and geological data across the entire portfolio.
Roscan Gold Announces Debt Settlement
Roscan Gold Corporation has settled an outstanding promissory note of US$677,000 by issuing 10,371,667 common shares in the company at $0.09 per share. The vendor has agreed not to sell or dispose of more than 150,000 common shares on any one trading day without the company's consent. The securities have not been registered under the U.S. Securities Act and may not be offered or sold within the United States unless registered or exempt. Roscan Gold Corporation is a Canadian company focused on gold exploration and acquisition of gold properties in West Africa.
Rua Gold Responds to OTC Markets Request on Recent Promotional Activity
Rua Gold Inc. has been asked by the OTC Markets Group to address promotional activities related to its common shares. These activities, which include the distribution of four email newsletters, were part of advertising agreements signed with Gold Standard Media on April 15 and October 11, 2024. The newsletters discussed Rua Gold, its business, the economy, and the gold market. Rua Gold was aware of these promotional activities and paid for them through its engagement with Gold Standard. The company's relationship with Gold Standard and the compensation details were publicly disclosed in April and October 2024.
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