Mining Intelligence Articles & Market Analysis - Page 137
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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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CopperCorp Intersects Broad Zones of Visible Copper Mineralization in Drilling at Jukes
CopperCorp Resources Inc. announced that significant areas of visible copper mineralization have been intercepted at its Razorback Copper-Gold-REE property in Tasmania, Australia. The drill hole, JDD002W1, at Jukes prospect showed broad zones of K-feldspar-magnetite, chlorite-magnetite alteration, and sulphide mineralization. Multiple zones of visible copper sulphide mineralization were found, including two significant zones at varying depths. Laboratory assays are awaited to confirm the actual copper content. CopperCorp underlined that visual observations should not replace laboratory analysis.
Minera Alamos Provides Sabre Gold Acquisition and Operations Update
Minera Alamos Inc. is preparing for the expansion of the Santana Phase 2 Pad, following its recent acquisition of Sabre Gold and its Copperstone gold project in Arizona. The transaction is expected to finalize after a Sabre shareholder meeting set for January 14th, 2025. In addition, Sabre announced the repurchase of a 1.5% existing net smelter royalty on the Copperstone project. The company is also preparing updated process models for the new Copperstone processing facility and is reworking underground development plans. The company's grinding and flotation equipment is being prepped for shipment to Copperstone in early 2025. Over the coming months, the company will quantify the positive impact of these initiatives on the Copperstone
Gladiator Intersects 14m @ 7.67% Within 98m @ 1.49% Cu Down Dip from 26m @ 3.31% Cu at Cowley Park
Gladiator Metals Corp announced results from its recent Cowley Park drill program, which targeted resource definition and exploration. The final hole, CPG-047, discovered significant mineralization that remains open at depth. This includes a large deposit of copper and molybdenum, with the results confirming that mineralization continues for over 220 meters down dip. The findings suggest a wide zone of high-grade mineralization within a broader mineralized skarn.
Awalé Hits 2.7 g/t Gold Eq. over 27 Metres at the BBM Zone, Odienné Project
Awalé Resources Limited has announced promising results from the final two deep holes of a follow-up drilling program at the BBM Zone within the Odienné Joint Venture in Côte d'Ivoire. The findings include a significant intercept of 27 metres at 2.7 g/t gold equivalent (AuEq.) including 12m at 3.9 g/t AuEq. in hole OEDD-98. These results confirm that the system is open at depth, with potential for increased grade and volume. The company has also started a 4000m diamond drill program, funded by Newmont, which will continue until 2025. The BBM system remains open at depth and down plunge, with mineralization defined from
Metals Creek Resources Corp. Closes First Tranche of Flow-Through Private Placement Financing - Secures Drill for Next Phase of Tillex Copper Project Drilling
Metals Creek Resources Corp. has received conditional approval from the TSX Venture Exchange for its non-brokered private placement financing and closed the first tranche, raising $303,500. The company has issued over 8.6 million flow-through units at $0.035 per unit. These units include flow-through common shares and non-flow-through common share purchase warrants. The proceeds will be used for exploration on the company's Tillex Copper Project, Yellow Fox/Careless Cove/ Clarks Brook Antimony-Gold Property, and Ogden Gold Property.
American Pacific Receives US$10 Million and 100% Interest in the Palmer VMS Project in Alaska
American Pacific Mining Corp. has announced an agreement with Constantine North Inc. and Dowa Metals & Mining Alaska Ltd. to acquire Dowa's interest in Constantine Mining LLC. Following this acquisition, American Pacific will have complete ownership and control of the Palmer VMS Project. As part of the deal, Dowa will pay $10 million to American Pacific in exchange for an option to acquire up to 50% of the zinc concentrate produced at the project. The deal is seen as transformative for American Pacific, which will receive a substantial capital injection and control of a project with significant mineral resources and exploration potential.
BOB MORIARTY'S Bold Predictions | Trump's Second Term
Bob Moriarty discusses Trump's second term, Bitcoin, and precious metals in this insightful video....
Core Nickel Identifies Multiple High Priority Targets at its Halfway Lake Property from Airborne Electromagnetic Survey
Core Nickel Corp. has announced that an airborne electromagnetic survey has discovered 14 high-priority targets at its 100% owned Halfway Lake Project, located near the Bucko Mill in the Thompson Nickel Belt, Manitoba. One of the targets identified confirms the extension of the conductive trend thought to host the Halfway Lake nickel deposit. Other targets include areas north of the W62 Zone and on under-explored conductor trends. CEO Misty Urbatsch believes these findings could lead to the discovery of high-grade massive sulphide deposits on their claims.
District Applies to List on the Nasdaq First North Growth Market in Sweden
District Metals Corp. is planning to apply for a secondary listing of its shares on the Nasdaq First North Growth Market in Sweden by the end of 2024. This decision comes after an increase in the number of Swedish shareholders in the company. The move is expected to increase trading liquidity and provide greater exposure to analysts and investors. The company attributes the interest from Sweden to the potential lifting of the country's uranium mining moratorium, District's extensive Swedish uranium project portfolio, and its collaboration with Boliden Minerals AB on properties in Sweden.
Revalue Gold or Adopt Bitcoin Standard? US to Take ‘Drastic’ Action to Keep Dollar Strong: Mark Moss
Mark Moss discusses U.S. debt, Bitcoin's rise, and its potential as an inflation hedge....
Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe
Military Metals Corp. has completed a transaction in which it acquired 100% of the shares of the amalgamated entity formed by its subsidiary, 1509149 B.C. Ltd., and 1458205 B.C. Ltd. As part of the deal, Military Metals Corp. issued 10 million of its shares to shareholders of the acquired company. The deal also results in Military Metals Corp. acquiring three mineral exploration projects in Slovakia, including the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project.
Argyle Announces Private Placement Offerings
Argyle Resources Corp., a Calgary-based company, plans to complete a non-brokered private placement financing, aiming to raise up to $1,000,000 through the sale of units at $0.85 each. Each unit will consist of one common share and one common share purchase warrant. The latter will allow the holder to purchase a common share at an exercise price of $1.05 within 24 months from issuance. The proceeds from the placement will be used to finance the company's exploration activities and increase shareholder value. The closing date is expected to be on or about November 22, 2024, and is subject to all necessary regulatory approvals.
Carlyle Commodities Announces Filing of NI 43-101 Technical Report for the Quesnel Gold 1 Property
Carlyle Commodities Corp. has filed a NI 43-101 Technical Report for its Quesnel Gold Project in Central British Columbia. The report was prepared in line with the National Instrument 43-101 Standards of Disclosure for Mineral Projects. It comes following an option agreement to acquire the Quesnel Gold Project. The report is available on the company's profile at www.sedarplus.ca. Carlyle is a mineral exploration company that also owns the Newton Project in B.C., and is listed on the Canadian Securities Exchange, the OTC Market, and the Frankfurt Exchange.
Canadian Manganese Provides Update on Royalty Financing and Annnounces Results of Annual and Special Meeting of Shareholders and Appointment of New Board Chair
Canadian Manganese Company Inc. (CDMN) has provided an update on its gross revenue royalty agreement with Leventis Capital Pte Ltd. Initially, Leventis was to buy a 3% royalty in two tranches for a total of US$15,000,000. The agreement was later adjusted to a single transaction of a 2% royalty for US$10,000,000. CDMN has the option to repurchase the 2% royalty at any time for US$15,000,000, with additional payments required if the option isn't exercised by certain dates. The company also announced the voting results of its annual general and special meeting held on June 25, 2024.
SPOD Lithium Announces Private Placement of Units
SPOD Lithium Corp. has announced its plan to complete a private placement offering of units, each priced at $0.05, with the aim of raising up to $750,000. Each unit consists of a common share and a warrant that allows the holder to acquire an additional share at a cost of $0.10, 24 months after the closing date. If the common shares' daily average closing price reaches $0.20 for 20 consecutive trading days, the company can accelerate the expiry date of the warrants. The funds raised from the offering will be used for general working capital purposes. This offering is directed at qualified purchasers and may involve company directors and officers, constituting a "related party transaction".
Kapa Gold Announces Grant of Stock Options
KAPA Gold Inc. has granted stock options to acquire 200,000 common shares to consultants at $0.11 per share, subject to vesting requirements under the Company's Stock Option Plan. The options will expire in five years, assuming the recipients continue as consultants for the company. KAPA Gold, a Canadian exploration company, is focused on advancing its gold projects in North America, including its flagship Blackhawk Gold Property.
Fairchild Announces Closing of an Additional Tranche of Its Private Placement Offering
Fairchild Gold Corp. has announced the closing of an additional tranche of its non-brokered private placement, raising gross proceeds of $214,500. The company issued 3,575,000 units at $0.06 per unit, each comprising one common share and one common share purchase warrant. The warrants 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 from the offering will be used for exploration at Fairchild's Copper Chief Project in Nevada and for general working capital. The company plans to close additional tranches of the offering up to a total of $900,000 and paid a $1,000 commission to Canaccord Genuity
Nine Mile Metals Announces Completion of Private Placement Financing
Nine Mile Metals Ltd. has announced the closure of its private placement, raising $53,332 by issuing 1,066,640 units at a price of $0.05 per unit. Each unit includes one common share and half of one common share purchase warrant. The holder of each warrant can acquire one common share at a price of $0.08 per share within 24 months of issuance. The funds raised will be used for operating expenses and general working capital. The company's President, Charles MaLette, acquired 400,000 units for investment purposes. The private placement was approved by the company's board of directors.
Atomic Minerals Announces Private Placements of Flow-Through and Non-Flow-Through Units
Atomic Minerals Corporation has announced a non-brokered private placement financing of up to 34 million non-flow-through units at $0.05 each, and up to 13.33 million flow-through units at $0.06 each. This could result in gross proceeds of up to $1.7 million and $800,000 respectively. Each unit includes one share and one transferable warrant, exercisable at $0.10 per share for 2 years from closing. Proceeds from the flow-through units will be used for Canadian exploration and development, while those from the non-flow-through units will be used for general working capital. The placements are subject to approval from the TSX Venture Exchange.
Galleon Gold Issues Shares for Interest Payment on Convertible Debentures
Toronto-based Galleon Gold Corp. has fulfilled its obligation to pay $163,742.47 of accrued interest by issuing 564,796 common shares to the holders of its Convertible Debentures. The newly issued shares will be subject to a hold period until March 19, 2025. Some of the debenture holders are insiders and officers of the company, making this a related party transaction. However, the transaction is exempt from certain requirements as it doesn't exceed 25% of the company's market capitalization. Galleon Gold is primarily engaged in exploring and developing the West Cache Gold Project in Timmins, Ontario.
New Break Closes Non-Brokered Private Placement Financing
New Break Resources Ltd. has closed its non-brokered private placement offering, issuing over 6 million units at $0.075 each, resulting in a gross income of $457,950. Each unit includes a common share and purchase warrant, allowing holders to buy more shares at a set price within two years. The funds will be used for exploration activities at the Moray gold project and for general capital purposes. All securities from this private placement will be held until March 16, 2025. The closing is subject to regulatory approvals.
Mineral Road Acquires Two Properties in Quebec
Mineral Road Discovery Inc. has announced an agreement to acquire licenses for the Wheeler and Bergeron properties in the Labrador Trough Area of Quebec, Canada. The Wheeler property, with 245 claims spanning 11,797 hectares, is a potential source of copper, nickel, cobalt, and platinum group elements. The Bergeron property, covering 5,123 hectares with 110 claims, is prospective for uranium. The Wheeler property was last explored in the 1960s by Cominco and SEREM LTEE. Current data on the property comes from Quebec Government archives and includes lake sediment and till sampling, as well as airborne surveys.
Fathom Nickel Clarifies Amendments to Non-Brokered Unit Offering
Fathom Nickel Inc. is planning a private placement of flow-through units (FT Units) and hard dollar units (HD Units) that will collectively raise $1,052,500. Up to 7,500,000 FT Units will be issued at $0.04 per unit, raising $300,000, while up to 21,500,000 HD Units will be issued at $0.035 per unit, raising $752,500. The proceeds from the FT Units will be used for general exploration expenditures by the end of 2025, while the net proceeds from the HD Units will be used for exploration and development of the company's mineral projects and for working capital and general corporate purposes.
Next Price Targets: Bitcoin at $130k, Silver at $50, Gold Above $3k – This Is When | Florian Grummes
Bitcoin may surge to $130K amid a positive outlook after Trump's re-election, impacting gold prices....
Spanish Mountain Gold Announces the Closing of Private Placements for Gross Proceeds of C$8.3 Million
Spanish Mountain Gold Ltd. has closed its previously announced brokered and non-brokered private placements, raising aggregate gross proceeds of C$8.3 million. In the brokered offering, the company raised C$7.5 million, which included the full exercise of the agent's over-allotment option. This involved issuing 20,553,000 units and 18,118,000 flow-through share units. Additionally, 9,585,000 flow-through share units were sold to charitable purchasers. In the non-brokered offering, the company raised approximately C$800,000 by issuing 5,925,926 units. Each unit includes a common share and a purchase warrant, enabling the holder to acquire an additional common share
Hiru Corporation (HIRU) Q3 2024 Update and Strategic Developments
Hiru Corporation, a diversified mining and holding company, has released its Q3 2024 financial results which show an increase in outstanding shares to 3.888 billion. This increase is largely due to the actions of new Chairman and CEO Sheikh Khalid Nasser A.S. Al-Thani, who merged his own project into the company and settled previous debts, making the company almost debt-free. The corporation is also expanding its assets and integrating them into their operations, with additional mining properties in Australia valued at $130 million expected to be fully consolidated by Q4 2024. The company is exploring merger opportunities with foreign entities holding significant lithium, cobalt, and gold mining assets. Finally, Hiru Corporation has improved its financial position by
Investors Piling Into Gold & Silver as Fed 'Smoke and Mirrors' Exposed: Ian Everard
Ian Everard criticizes central banks, predicts gold demand rise, and discusses market impacts of Trump, Buffet....
Analyst Joe Mazumdar Reveals His Best High-Margin Gold Producer
Joe Mazumdar discusses gold producers, mining jurisdictions, and market insights post-Trump election....
Max Resource Provides Update on its Florália Hematite Iron Ore Project, Mina Gerais State, Brazil
MAX RESOURCE CORP. has added a wholly-owned Australian entity, Max Iron Brazil Ltd., to hold the "Florália Brazilian Assets". The company intends to list on the Australian Stock Exchange and conduct pre-listing financing into Max Brazil to fund the transaction and advance drilling. Drone magnetics at Florália have identified a large zone of high-grade mineralization associated with hematite/itabirite type iron formation, far exceeding the size of the historical open cut. The Florália hematite geological target has expanded from 8 to 12 million tons to 50 to 70 million tonnes at 55% to 61% Fe, with an additional itabirite geological target of 130 to 170 million tonnes.
Volt Carbon's Mineral Processing Facility in Toronto and its Subsidiary, Solid UltraBattery in Guelph Awarded DAIR Green Fund for Aerospace Innovation Projects
Volt Carbon Technologies Inc. and its subsidiary, Solid UltraBattery Inc., both based in southern Ontario, have been selected as recipients of the DAIR Green Fund. This funding initiative supports small and medium-sized enterprises in transforming the aerospace industry in southern Ontario through sustainable and green aviation technologies. The funded projects include the development of high-performance carbon materials for aerospace industries and advancements in low-temperature performance of lithium-ion batteries. The DAIR Green Fund will cover 50% of the total project cost for each entity, up to a maximum of $75,000, with the companies covering the remaining 50% over two years.
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