Mining Intelligence Articles & Market Analysis - Page 143
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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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RETRANSMISSION: Peak Signs Suriname Agreement, Appoints Advisory Board and Announces Financing
Peak Minerals Ltd. has signed a Binding Letter of Intent to acquire the Tapanahony Gold Project in Suriname, South America. The project covers 29,000 hectares of significant artisanal mining and historical exploration. Alongside this, Peak has formed an advisory board and arranged a non-brokered private placement to raise up to $2 million. Peak can acquire an initial 60% interest in Tapanahony by staged issuance of shares and cash payments. Suriname has a history of successful gold exploration and is internationally recognized as a mining-friendly nation.
Premium Nickel Extends Selebi Mines Study Phase and Provides Operational Update
Premium Nickel Resources Ltd. has extended the study phase for the Selebi Mines project until February 1, 2026, following successful completion of work and investment milestones. This extension allows the company an additional year to complete an economic study and make a milestone payment of US$25 million. The company is advancing its resource characterization drilling program at Selebi North and plans to start underground exploration drilling in 2025. It's also conducting engineering trade-off studies and advancing metallurgical studies to support an economic study.
Onyx Gold Confirms High-Grade Gold at King Tut Property, Yukon
Onyx Gold Corp. has announced the final results from its 2024 summer field program at the King Tut Property in Yukon's Tombstone Gold Belt. The program included soil and rock sampling, geological mapping, and data reprocessing. The results expanded the gold-in-soil geochemical footprint at the Golden Mask anomaly to 2,300 by 1,500 meters and identified a field of sheeted quartz veins at the Ra vein field with a high-grade surface rock sample of 25.1 grams per tonne gold. The reprocessing of previous airborne magnetic data provided detailed subsurface outlines of the Golden Mask and Ra targets, refining the Company's understanding of these bodies and supporting the development of precise drill targets for future exploration.
Thunder Gold Engages Apaton Finance GmbH
Thunder Gold Corp. has hired Apaton Finance GmbH, a German financial PR and investor relations agency, to provide marketing and investor relation services in Europe. Apaton has been hired for a two-month term for a payment of EUR 10,000 and does not hold any interest in Thunder Gold or its securities. The company hopes to attract European investors, particularly to its flagship Tower Mountain Gold Property, located adjacent to the Trans-Canada highway, west of Thunder Bay, Ontario. Gold at this property is located within altered rocks, with anomalous gold extending out for over 500 meters along a 1,500-meter strike length, to depths of over 500 meters from surface.
China Goldcorp Ltd. - Grant of Options
China Goldcorp Ltd. has granted 200,000 stock options each to its directors, Gordon Campbell, Joe K.F. Tai, and Charlie Kuo, totaling 600,000 options. These options, part of the company's stock option plan, allow the purchase of up to 600,000 common shares at $0.10 per share until November 11, 2034. The grant, which constitutes a related party transaction, is exempt from requirements to obtain a formal valuation and minority shareholder approval. China Goldcorp, a Capital Pool Company listed on the TSXV, is engaged in identifying and evaluating assets or businesses for a qualifying transaction.
Sabre Gold Completes the Repurchase of Royalty on the Copperstone Gold Project
Sabre Gold Mines Corp. has completed its announced repurchase of the 1.5% net smelter returns royalty on the Copperstone Gold project from Trans Oceanic Minerals Company Ltd. for $1.25 million USD. The purchase price was satisfied by transferring a 0.5% royalty on the 3 Aces project, owned by Seabridge Gold Inc., to Trans Oceanic. The deal eases an economic burden on Copperstone, potentially increasing its financial viability, and allows Sabre Gold to optimize its assets while focusing on shareholder value.
Gladiator Announces C$10M Fully Allocated Private Placement with Strategic Investors
Gladiator Metals Corp. has announced a non-brokered private placement to raise gross proceeds of C$10,000,000. This will be achieved through the issuance of 11,612,903 Charity Flow-Through common shares at $0.775 per share and 2,000,000 Non-Flow-Through common shares at $0.50 per share. The raised funds will be used to fund an exploration program at the Whitehorse Copper Project in Yukon, including diamond drilling at advanced prospects and new high-grade copper targets. The offering is expected to close on November 29, 2024, subject to certain closing conditions and necessary approvals.
Brent Omland, CEO of Ocean Partners Joins Canadian Copper's Board of Directors
Brent Omland, CEO of Ocean Partners Holdings Limited, has joined the Board of Directors at Canadian Copper Inc. Omland and Ocean Partners were instrumental in Canadian Copper's acquisition of the Murray Brook Project. Canadian Copper is looking to broaden its board's expertise in project development, construction financing, and commodity trading experience, particularly with the proposed acquisition of the Caribou Processing Complex. Omland, a veteran in the mining, metals, and trading business, believes Canadian Copper offers a unique development opportunity in junior base metals.
Awalé Hits 14.7 g/t Gold over 59 Metres at the Charger Zone, Odienné Project
Awalé Resources Limited has reported successful results from its final four holes at the Charger target in the Odienné Project, including 14.7 g/t Au over 59m in drill hole OEDD-100. This follows previous high-grade intercepts in holes OEDD-83 and OEDD-88. The results reveal a high-grade gold zone with strong continuity and significant resource potential, with a 200m-long corridor identified. The company has also established the breccia's true width at over 30 metres and has evolved its understanding of Charger's structure, which should aid future exploration.
Aurania Nickel Samples from Corsica Yield Precious Metals as Well as Cobalt and Copper
Aurania Resources Ltd. has reported preliminary results from mineral processing studies on a sample of magnetic sand from Nonza Beach, Corsica. The studies, conducted by SGS Laboratories, revealed that the sand contains the nickel-iron alloy awaruite. The beach, which is approximately 1350 meters long and 350 meters wide, displays up to 31.7% magnetic material, with a magnetic concentrate of the sand yielding 40.1% nickel. Further studies are underway to determine the marketability of the mixed awaruite-magnetite, and to explore identical sands at the nearby Albo Beach. A nearly pure awaruite concentrate was isolated, containing 71.4% nickel.
Exploits Announces Increase in Flow Through Share Private Placement
Exploits Discovery Corp. has increased its Offering of FT Shares from the previously announced $160,000 to $240,000, as per a news release on November 11, 2024. The details of the FT Share Offering remain the same as disclosed in the November 5th news release. The shares will not be registered under the United States Securities Act of 1933 and cannot be sold or offered to U.S. persons without registration or exemption. Exploits Discovery Corp. is a Canadian mineral exploration company, focused on developing mineral projects in Newfoundland and Labrador, Canada.
Kingsmen Selects Diamond Drill Targets at Las Coloradas Project
Kingsmen Resources Ltd. is progressing with its exploration program on its 100% owned Las Coloradas project, located in the Parral mining district of the Central Mexican Silver Belt in Chihuahua, Mexico. The company has chosen three main target areas for its planned diamond drill program: the Mine, Aguilar, and Leona. The Company's recently announced private placement is fully subscribed and will close once final approvals have been received from the TSX Venture Exchange. Kingsmen has also granted 1,300,000 incentive stock options to directors and officers at a price of .36 cents per share for two years.
American Eagle Announces $29 Million Strategic Investment by South32
American Eagle Gold Corp. has entered into a subscription agreement with South32 Ltd., a wholly owned subsidiary, which will see South32 invest around $29.16 million in the company. As part of the agreement, American Eagle will issue over 33 million common shares at a 15% premium. The funds raised will be used to build on the successes of American Eagle's 2024 drill program. After the deal's completion, American Eagle will hold approximately $37 million in cash.
Arrow Announces Fifth Ubaque Horizontal Well Results
Arrow Exploration Corp., an operator with assets across Colombian hydrocarbon basins, announced operational updates. The CNB HZ-6 well is now operational, having started with an initial rate of 2,250 BOPD gross. After installing an electric submersible pump, the well's current flow rate exceeds 1,900 BOPD gross. The water disposal facility at the CNB pad started operating on November 2, 2024, allowing Arrow to increase pump rates and production. The CNB HZ-7 well was spud on October 22, 2024. The corporation's net production is over 5,305 BOE/D, which includes CNB HZ-6, with a cash position over
Thor Explorations Announces Third Quarter 2024 Financial and Operating Results, for the Three Months Ending September 30, 2024
Thor Explorations Ltd. has released a financial review for Q3 2024, highlighting its operations at the Segilola Gold mine and other mineral exploration properties in Africa. The report showed 18,167 ounces of gold sold at an average price of $2,328 per ounce, generating a revenue of $40.2 million and a net profit of $17.5 million. The company also reduced its senior debt facility to $3.9 million, which is expected to be fully repaid by the end of Q4. Additionally, Thor transitioned from a net debt position of $2.7 million to a net cash position of the same amount within the quarter. Operational highlights included an increase in productivity and a reduction in gold
Pelangio Exploration Inc. to Attend the 2024 Precious Metals Summit Zurich
Pelangio Exploration Inc. has announced its attendance at the 2024 Precious Metals Summit in Zurich from November 14-15, 2024. The event will serve as a platform for Pelangio to present developments on its Manfo gold project in Ghana, including an update on the Mineral Resource Estimate (MRE) expected by December 2024. The company invites interested parties to connect during the event. Pelangio Exploration is a Canadian-based mineral exploration company focused on advancing its gold projects in West Africa and Canada.
Is GOLD or SILVER the Safe Choice? Michael Howell on Recession, Inflation, Debt Spiral, Instability
Michael Howell discusses inflation, debt, and gold/silver as hedges in a video with CEO interviews....
Proven Formula for Resource Stock 9-Baggers Revealed by Pro Small-Cap Investor Mark Zaret
Mark Zaret shares his successful small-cap investment strategies and insights in resource stocks....
Peak Signs Suriname Agreement, Appoints Advisory Board and Announces Financing
Peak Minerals Ltd. in Vancouver has signed a Binding Letter of Intent to potentially acquire the Tapanahony Gold Project in Suriname, South America. The company has also formed an Advisory Board and arranged a non-brokered private placement to raise up to $2 million. The Tapanahony Gold Project has multiple gold targets and covers 29,000 hectares of significant mining and historical exploration. Peak has the option to acquire a 60% interest in the project through staged issuance of shares and cash payments.
Nickelex Provides Corporate Update
Nickelex Resource Corporation has terminated its Arlington Property Option agreement with Origen Resources Inc. due to lack of approval from the TSX Venture Exchange. Nickelex, a Malaspina-Manex Group Company, operates in exploration, administration, and corporate development services. The company owns the Swift Katie gold/copper property in British Columbia, and has received a permit for diamond drilling exploration in 2024. Nickelex also holds an option to acquire interests in the Strong Project in Manitoba. Additionally, Nickelex has participated in funding, acquisition and development of several gold properties in Brazil and Finland, selling its Brazilian properties to Pilar Gold in exchange for 4 million shares.
Salazar Resources Financial Year-End Change to March 31
Salazar Resources Limited has announced that it will change its financial year-end from December 31 to March 31. This move is aimed to align the company's financial reporting with its new strategic partner, Silvercorp Metals Inc., through its subsidiary, Adventus Mining Corporation. Adventus owns a 75% stake in the Curipamba project, while Salazar retains a 25% interest. The company plans to report audited financial results for a transitional 15-month period ending March 31, 2025, and thereafter will follow a quarterly reporting schedule based on a March 31 financial year-end.
Volta Completes the Acquisition of the ZigZag Lithium & REE Project Contiguous to Its Falcon West Lithium Discovery in Ontario
Volta Metals Ltd. has acquired a 100% interest in the ZigZag Lithium property in northwestern Ontario, which is adjacent to its Falcon West Lithium Project. The ZigZag Project, spanning 2,710 hectares, includes the high-grade Dempster East Lithium showing and has potential to host lithium, cesium, tantalum, gallium, and niobium mineralization. Volta paid $350,000 for the ZigZag Project and has resolved all legal claims related to the acquisition. Volta Metals is a Toronto-based mineral exploration company, primarily focusing on lithium, cesium, and tantalum projects.
StrikePoint Closes First Tranche of Private Placement
StrikePoint Gold Inc. has completed the first phase of its non-brokered private placement, issuing over 8 million units at a price of CAD $0.20 per unit, raising a total of $1,652,600. Each unit comprises of one common share and one share purchase warrant. The company also completed a share consolidation on a 10:1 basis. The warrants are subject to an acceleration clause and the company paid $76,762 in finder's fees for introducing subscribers to the financing. All securities issued are subject to a hold period of four months and one day.
Fed Chair Powell Admits Massive Debt Is a ‘Threat to the Economy’, Says Trump Can’t Legally Fire Him
Powell addresses interest rate cuts, debt concerns, and impact of elections on monetary policy....
Volt Carbon Technologies Closes Shares for Debt Transaction
Volt Carbon Technologies Inc. has concluded its Shares for Debt Transaction after getting approval from the TSX Venture Exchange. The company issued over 17 million common shares at $0.02 each to settle debts totaling $347,842.91. Part of this debt was owed to an external creditor and the rest was owed to a former director and the current CEO. The debt settlement with the CEO, V-Bond Lee, involved the exchange of 5 million shares for a debt of $100,000 and is deemed a "related party transaction". The transaction is exempt from minority approval and formal valuation requirements as it doesn't exceed 25% of the company's market capitalization.
Delta Resources Announces A Premium Charity Flow Through Financing
Delta Resources Limited has announced a partnership with Wealth Creation Preservation & Donation Inc. to create a private placement offering of up to 25,000,000 Charity Flow-Through Units at $0.20 per unit, intending to raise up to $5 million. The proceeds will be used for eligible "Canadian exploration expenses" and to conduct further exploration at the Delta 1 property in Thunder Bay, Ontario. The offering, which is subject to regulatory approvals, is expected to close on November 15, 2024.
Lion Copper Closes US$1.1 Million Private Placement
Lion Copper and Gold Corp. has finalized its previously announced non-brokered private placement, raising $1,132,000 with the issuance of 25,155,554 units at a price of $0.045 each. Each unit includes one common share and one warrant, allowing the holder to acquire an additional common share at $0.06 until November 8, 2029. The company plans to use the funds for working capital and repaying convertible debentures. The securities are not registered under the US Securities Act of 1933, and are subject to a four-month hold period as per Canadian Securities Exchange policies. Certain company directors and officers participated in the private placement.
SILVER Will Take Out $50 'In a Flash' as Debt Panic Sets In: Michael Oliver
Michael Oliver predicts a silver price spike due to demand and manipulation, impacting market dynamics....
Nevada Organic Phosphate Announces Amended Terms of Private Placement of up to $500,000
Nevada Organic Phosphate Inc., a company based in British Columbia that explores for organic, sedimentary raw rock phosphate in Nevada, has updated the terms of its previously announced non-brokered private placement. The company plans to offer up to 12.5 million units at $0.04 each, potentially raising $500,000. Each unit will include one common share and a share purchase warrant, which allows the holder to buy an additional share at $0.08 within a 60-month period. The proceeds from this offering will be used for the company's Murdock Property, payment of its reclamation bond, and as working capital.
Pluto Ventures Inc. Announces Forward Stock Split
Pluto Ventures Inc. has announced that its board of directors approved a forward split of the company's common shares on a basis of 2 for 1, effective from November 13, 2024. This means each shareholder will receive one additional share for each share held on that date, doubling the current total of common shares from 10,806,000 to 21,612,000. No action from shareholders is required, and the company's authorized share capital will remain unchanged. The company's name, CUSIP, and trading status will also not change due to the split.
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