Mining Intelligence Articles & Market Analysis - Page 142
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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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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.
Wedgemount Announces Huggy Operations Update
Wedgemount Resources Corp., a junior oil and gas company, has announced details of its enhancement and remediation program for its recently acquired oil and gas assets, known as the "Huggy Asset," in west central Texas. The program aims to optimize well production through proprietary chemical treatments, well workovers, and surface facility optimization. The company is using a non-toxic treatment provided by Valkyrie Specialty Corp. to boost reservoir volume stimulation. Over the next 12 months, about half of the 119 wells at Huggy will undergo these treatments.
Standard Uranium Receives High-Grade Uranium Assays from 2024 Sun Dog Prospecting Program up to 13.0% U3O8
Standard Uranium Ltd. has reported initial assay results from its 2024 exploration program at the Sun Dog Uranium Project in northwestern Saskatchewan. Detailed mapping and prospecting were completed ahead of the summer drill program, with samples showing uranium up to 13.0% U3O8. The project is under an earn-in agreement with Aero Energy Limited, which has committed to Year 2 of a three-year option agreement, promising a minimum of $2.0M in Year 2 exploration expenditures. New zones of radioactivity and uranium mineralization have been discovered during the recent prospecting program.
Aero Energy Receives High-Grade Uranium Assays from Sun Dog Prospecting Program up to 13.0% U3O8
Aero Energy Limited has reported positive surface assay results from its 2024 exploration program at the Sun Dog Uranium Project in Saskatchewan. The summer drill program has identified new uranium mineralization at the surface, with uranium assays ranging from 0.14% to 0.32% U3O8. New zones of strong radioactivity have also been discovered. More than 4km of untested VTEM conductors were found, with assays returning up to 0.25% U3O8. The company has completed 1,593 meters across eight drill holes, intersecting anomalous radioactivity in seven of them. The results represent a small fraction of potential targets, indicating significant unrealized potential. The company plans additional work to
District Provides Update on the Uranium Moratorium in Sweden
District Metals Corp. highlighted the importance of the recent Swedish Parliament meeting records for its 100% owned Viken Energy Metals Deposit in Sweden. The company anticipates the Swedish Government's intention to lift the uranium moratorium, which could reinstate uranium mining and exploration in the country. In the recent parliament meetings, the Minister of the Environment reiterated Sweden's commitment to nuclear power as a low-emission technology and expressed intentions to change the current legislation that treats uranium as waste.
Canadian Manganese Reports Third Quarter 2024 Financial Results
Canadian Manganese Company Inc. reported a loss of $860,926 in its third quarter financial results ending September 30, 2024, focusing on advancing the Woodstock manganese project in New Brunswick. This loss included expenses related to interest and corporate development. In comparison, the company recorded a loss of $374,506 in the same period last year. As of September 2024, the company held exploration and evaluation assets valued at $17,545,804.
Silicon Metals Corp. Issues Longworth and Silica Ridge Option Shares and Acquires Silica Ridge Property
Silicon Metals Corp. has paid Cronin Exploration Inc. $15,000 and issued 1.8 million common shares to acquire a 100% right, title, and interest in the Silica Ridge Silica Project. Additionally, the company issued 3.3 million shares to Cronin Exploration Inc. to secure an undivided 100% right, title, and interest in the Longworth Silica Property. To finalize the deal, Silicon Metals Corp. must pay an additional $25,000 within 30 business days. The company also granted Cronin Exploration a 2.0% net smelter returns royalty on both properties, with an option to purchase 50% of each for $1,000,000 within
Anquiro Ventures and Black Pine Announce Receipt of TSXV Conditional Approval and Filing of Information Circular
Anquiro Ventures Ltd. (AQR) has announced that the TSX Venture Exchange has conditionally approved its reverse-takeover transaction, which follows a merger agreement with Black Pine Resources Corp. and 1504671 B.C. Ltd. The company has filed an information circular regarding this transaction and has scheduled a shareholders meeting on December 20, 2024, to obtain approval for related resolutions and the adoption of an equity compensation plan. The transaction is expected to close on or around December 27, 2024. Trading in AQR's common shares is currently suspended and will resume once all required documentation has been filed.
Aero Energy Announces Closing of Non-Brokered Private Placement
Aero Energy Limited has successfully closed its previously announced non-brokered private placement, issuing a total of 24,004,070 units and raising gross proceeds of $2,034,218.85. This includes the issuance of non-flow-through units, flow-through units, and charity flow-through units at prices of $0.07, $0.08, and $0.11 per unit respectively. Each unit consists of one share and one-half of one share purchase warrant. All issued securities are subject to a four-month hold period. As part of the closing, $99,779 in cash was paid and 887,360 finder's warrants were issued to eligible finders.
Centurion Minerals Ltd. Announces Late Filing of Annual Financial Statements and MD&A
Centurion Minerals Ltd. has announced that the company's audited annual financial statements for the financial year ending July 31, 2024, will not be finalized by the due date of November 28, 2024, due to administrative delays in the audit. The company has applied for a management cease trade order (MCTO) and expects to file the required documents by January 27, 2025. During the MCTO, the public will still be able to trade the company's shares, but the CEO and CFO will not. The company will issue bi-weekly default status reports until the filings are completed.
IberAmerican Lithium Announces Third Quarter 2024 Financial Results
IberAmerican Lithium Corp. has announced its unaudited condensed interim consolidated financial statements for the three and nine month periods ended September 30, 2024. The company reported a net loss for the quarter of $0.9 million and a working capital deficit of $1.5 million. As of September 30, 2024, the company had cash and cash equivalents of approximately $0.01 million. IberAmerican plans to continue work towards receiving final permit approvals for lithium projects in northwestern Spain and explore other opportunities for shareholder value creation.
Denarius Metals Announces Third Quarter and First Nine Months 2024 Results
Denarius Metals Corp. has released its unaudited interim condensed consolidated financial statements and related analysis for the three and nine months ending September 30, 2024. The company, which has two mines in Colombia and Spain, spent approximately $9.5 million on exploration, development, and capital expenditures in the first nine months of 2024, including $7.4 million on its Zancudo Project. It also paid $8.1 million towards its acquisition of a 50% interest in Rio Narcea Recursos, and an additional $0.8 million to prepare for operations restart next year. The company raised $17.2 million through the sale of a net smelter in the first nine months of 2024 to
Indigo Obtains Approval for Loans
Indigo Exploration Inc. has received approval from the TSX Venture Exchange for loans totalling $170,000, with an interest rate of 10% per annum and a one-year term. The funds will be used for exploration work on the company's Hot Property uranium project in Wyoming and for general capital purposes. The company has issued 680,000 bonus shares to the lenders. Two of the lenders are company directors who have provided $10,000 each in loans, which are considered "related party transactions" and are exempt from certain requirements due to their value not exceeding 25% of the company's market capitalization.
Talon Metals Reports Results for the Quarter Ended September 30, 2024
Talon Metals Corp. reported a net loss of $0.6 million for Q3 2024, primarily due to administrative costs and stock option compensation. This is slightly higher than the $0.5 million loss from Q3 2023. The net loss for the nine-month period ending in September 2024 was $1.6 million, compared to $1.7 million loss for the same period in 2023. The company's capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project amounted to a credit of $3.7 million for Q3 2024, largely due to a royalty sale. In contrast, the costs for the same project were $11.4 million in Q
Ucore Closes Private Placement Financing
Ucore Rare Metals Inc., has successfully closed its non-brokered private placement offering of 4,803,329 units at $0.50 per unit, resulting in gross proceeds of $2,401,665. Each unit consists of one common share and half a common share purchase warrant. The proceeds are expected to be used for finalizing agreements, progressing engineering plans for the Company's Strategic Metals Complex, debt servicing, and general corporate working capital. John Wilson, an arms-length finder, will be issued 21,000 Common Shares. All shares and warrants are subject to a four-month and one-day hold period.
Auric Minerals Reaches Definitive Agreement to Acquire Central Uranium Resources
Auric Minerals Corp. has announced a share exchange agreement with Central Uranium Resources Corp. (CURC), through which it plans to acquire all outstanding shares of CURC. CURC holds acquisition rights to the Route 500 Property in Newfoundland and Labrador, an area known for prospective uranium mineralization. The property, which is vastly underexplored, has seen renewed interest due to successful uranium exploration in the past and the potential for further discoveries.
Spanish Mountain Gold Provides Update on Financing
Spanish Mountain Gold Ltd. has provided an update on its brokered private placement for a gross proceeds of up to C$6,500,000. The terms of the charity flow-through units were amended and will consist of one flow-through share and one common share purchase warrant. Each warrant can purchase one additional common share of the company at a price of $0.18 per share for two years from issuance. The Brokered Offering is set to close around November 15, 2024, depending on the receipt of necessary approvals. The securities mentioned will not be registered under the U.S. Securities Act and may not be offered or sold within the U.S.
Exploits Closes Non-Brokered Charity Flow Through Financing with Strategic Investor and Flow Through Share Private Placement
Exploits Discovery Corp. has closed a non-brokered private placement, raising $346,154 by issuing flow-through common shares at $0.09 each. In addition, the company has closed another private placement, raising $240,000 by selling 3,000,000 flow-through common shares at $0.08 each. The proceeds will be used to fund eligible "Canadian exploration expenses" related to the company's projects in Newfoundland and Labrador, Canada, before December 31, 2025. The issued securities will be subject to a four-month-and-one-day hold period under Canadian securities laws and are not available for sale in the United States.
Northstar Gold Corp. Closes First Tranche of Private Placement; Miller Property Zone 2 Extension Drilling to Commence Late November
Northstar Gold Corp. has successfully closed the first tranche of its non-brokered private placement, raising $818,750 through the sale of 14.9 million Hard Dollar Units and 4.95 million Critical Minerals Eligible Flow Through Units. The company plans to close a second tranche soon. Each unit includes a common share of the company and a share purchase warrant. The company also paid $20,255 in finder fees and issued 560,000 finder warrants. The sale is viewed as an endorsement of the company's exploration and development initiatives and growth potential. Northstar is currently shortlisting bids for drilling up to 1,500 meters targeting copper mineralization.
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