Mining Intelligence Articles & Market Analysis - Page 141
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Torr Metals Inc. Secures Drill Permit for the Kirby, Lodi, and Clapperton Targets at the Kolos Copper-Gold Project
Torr Metals received a five-year drill permit for high-priority copper-gold targets at its Kolos Project in BC, enabling initial drilling at undrilled, geophysically promising zones.
Canadian Critical Minerals Announces the Passing of Founder David W. Johnston
Canadian Critical Minerals mourns founder David Johnston, a mining pioneer and entrepreneur, who significantly contributed to the company's assets and the Canadian mining industry.
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Homerun Collaborates with Igraine PLC to Launch Rapid-Deployment EV Charging and Battery Storage Solutions for UK Auto Sector
Homerun Resources partners with Igraine PLC to develop quick-deploy EV charging and battery storage solutions in the UK, targeting major automakers and accelerating EV adoption.
Dinero Completes Drilling at the New Raven Property
Dinero Ventures reports drill results at New Raven gold project, testing multiple zones, and seeks to extend warrant expiry dates by 3 years, pending TSX approval.
3.5m at 13.1 g/t AuEq Drilled at Great Pacific Gold's Wild Dog Project
Great Pacific Gold reports promising drill results at Wild Dog PNG, including high-grade gold and copper intercepts, advancing exploration of a 15km mineralized corridor.
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Kobrea Receives Approval to Conduct Mineral Exploration at El Perdido and Elena Projects - Western Malargüe Mining District - Argentina
Kobrea Exploration Corp., based in Vancouver, has received approval from the Argentine Province of Mendoza to carry out mineral exploration activities, including drilling, at its El Perdido and Elena projects. This is part of a wider approval of Environmental Impact Statements for 34 projects in the Western Malargüe Mining District. This is the first time Kobrea has received approval for drilling at any of its sites, and the company's CEO, James Hedalen, expressed excitement about commencing field work. The approval process involved public hearings, citizen participation, and technical analysis. More projects, including five more held by Kobrea, will go through the same approval process over the next few months.
T2 Metals Announces Flow Through Private Placement to Raise $527,000
T2 Metals Corp. has arranged a non-brokered private placement financing to raise up to $527,000. The financing involves the sale of up to 1,550,000 flow-through units at $0.34 each. Each unit includes one flow-through common share and half a non-flow-through common share purchase warrant. The warrants allow the holder to buy a non-flow-through common share at $0.50 within two years from closing. The raised funds will be used for exploring the Company's projects in Manitoba. All issued securities are subject to a four-month hold period and necessary regulatory approvals. The shares have not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or exemption.
Premium Resources Ltd. Announces Name Change
Premium Resources Ltd. (previously Premium Nickel Resources Ltd.) has changed its name to better reflect its focus on a broader range of critical metals beyond nickel. The change was approved by shareholders and the company's common shares will begin trading under the new name and ticker symbol "PREM" from November 20, 2024. The company, which owns mines in Botswana, focuses on redeveloping previously producing nickel, copper, and cobalt resource mines. The name and ticker symbol change will not affect existing share and warrant certificates.
Abaxx to Increase Strategic Ownership in MineHub to 19.99%
MineHub Technologies Inc. and Abaxx Technologies Inc. have announced their intent to increase Abaxx's strategic ownership in MineHub from 10.83% to 19.99%. Abaxx will acquire over 8 million MineHub common shares at $0.35 per share, in exchange for over $3 million in cash or the issuance of over 237,000 Abaxx common shares. The two companies aim to explore commercial and product collaboration opportunities, focusing on data integration, entry into commodities markets, secure communication tools, sustainability requirements, efficient hedging, and regulatory compliance. The deal will close on or before December 31, 2024, subject to conditions, including TSX Venture Exchange approval.
Bold Ventures Stakes Claims Near Joutel, Québec and Completes Second Phase of Fall Exploration at the Company's Properties in Northwestern Ontario
Bold Ventures Inc. has staked 26 claims near Joutel, Québec, covering geophysical anomalies identified in a 2012 survey. Anomalous nickel, silver, copper, zinc, and gold have been found in this area. Furthermore, Bold and Emerald Geological Services have completed a second phase of fieldwork in Atikokan, Ontario, with the goal to define 2025 trenching and drilling targets. This includes areas of interest on the Wilcorp, Traxxin, and Burchell Lake Properties. Additionally, Goldshore Resources Inc.'s Moss Gold Project, adjacent to the Burchell Lake Property, has recently raised $13.9 million for exploration.
Inomin Appoints Morten Stahl as Hydrogen Advisor
Inomin Mines Inc. has appointed Morten Stahl, an entrepreneur, climate tech investor, and founder of Natural Hydrogen Ventures, as an Advisor to support the company's hydrogen exploration initiatives. Stahl's fund invests globally in early-stage private companies focused on exploration and related technologies in the natural hydrogen sector. Based in Denmark, Stahl's work is driven by achieving "profitable impact" and he sees great potential in Inomin's projects and their plans to combine traditional mining and natural hydrogen exploration.
Southern Silver Initiates Drilling and Baseline Data Collection and Related Studies at its Cerro Las Minitas Project in Mexico
Southern Silver Exploration Corp. has begun drilling on its fully-owned Cerro Las Minitas, Ag-Pb-Zn property in Durango, Mexico. The initial stage plans for up to 6,000m of core drilling to test further extensions of shallow, high-grade mineralization. The aim of the drilling is to demonstrate continued shallow resource growth potential and enhance the project's economics. The company will also carry out baseline data collection, hydrology, geotechnical, archaeological, and land surveys and studies to reduce risk and advance the project.
Kingsmen Resources Announces Closing of $1 Million Private Placement
Kingsmen Resources Ltd. has successfully closed its non-brokered private placement financing, raising $1,000,000 by issuing 4,000,000 units at $0.25 each. Each unit includes one common share and one warrant, which allows the holder to buy another share at $0.40 within two years. The funds will be used to develop the Las Coloradas Silver/Gold project in Mexico and for working capital. The securities issued are subject to a four-month hold period and necessary regulatory approvals. An insider of the company purchased 60,000 units, which is considered a "related party transaction" but did not require special approval since it didn't exceed 25% of the company's market capitalization.
Kenorland Announces Termination of Joint Venture Exploration Agreement at the Chicobi Project, Quebec
Kenorland Minerals Ltd. announces that Sumitomo Metal Mining Canada Ltd. has decided to withdraw from their joint venture exploration agreement for the Chicobi Project in Quebec, effective December 6, 2024. Sumitomo will transfer its interest in the project to Kenorland, resulting in Kenorland having full ownership. The Chicobi Project, which spans over 48,109 hectares, has the potential to host significant orogenic gold and VMS mineralisation. The company has completed a phase of sonic overburden drilling, a continuation of the 55 sonic drillholes finished in 2023.
Canstar Adds U.S. National Security Strategist and Defense Tech Expert Dr. David Kilcullen to Advisory Board and Provides Corporate Update
Canstar Resources Inc. has added Dr. David Kilcullen, a global expert in national security, geopolitics, and defence technology, to its advisory board. This move is a significant step in the company's critical minerals strategy. Dr. Kilcullen's appointment, along with Canstar's previous association with the Nevada Tech Hub, is aimed at seizing opportunities associated with the West's focus on securing the supply chain for critical materials. The company believes the metals and mining industry is on the verge of a commodity supercycle, driven by economic, energy transition, and national security imperatives.
Borealis Engages ICP Securities Inc. for Automated Market Making Services
Borealis Mining Company has announced an agreement to employ the services of ICP Securities Inc. for automated market making, using ICP's proprietary algorithm. The services comply with the TSX Venture Exchange policies and other relevant legislation. ICP will be paid a monthly fee of $7,500 for an initial period of four months, with no performance-based factors. ICP's role is primarily to correct temporary imbalances in the supply and demand of Borealis's shares. ICP is a Toronto-based firm specializing in automated market making and liquidity provision. Borealis is a gold mining and exploration company focused on the Borealis Mine in Nevada.
Avalon Announces $3.5M Financing from JV Partner and Major Shareholder Sibelco
Avalon Advanced Materials Inc. has secured CAD $3.5 million in convertible debenture financing from its major shareholder, SCR-Sibelco NV. The funds will be used to advance Avalon's Lake Superior Lithium Project in Thunder Bay, the Nechalacho REE and Zirconium Project in the Northwest Territories, as well as for working capital and administrative expenses. This new financing replaces Avalon's existing CAD $3.0 million convertible secured debenture, resulting in a principal amount of CAD $6.5 million. The debenture carries a 7.5% annual interest rate, with the principal and accrued interest payable by November 18, 2026. Avalon has also applied for provincial and federal
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.
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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.
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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.
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