Mining Intelligence Articles & Market Analysis - Page 153
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Angel Wing Metals Reports Voting Results from Annual General and Special Meeting
Angel Wing Metals shareholders approved directors, auditors, and stock plan at the August 2025 AGM, with all nominees elected unanimously.
Japan Gold Announces US$1 Million Private Placement
Japan Gold raises US$1M via private placement, issuing 17.2M shares to Equinox, a major shareholder; proceeds support admin expenses; Equinox will hold 30.45%.
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CopAur Minerals Refocuses on Flagship Asset and Applies for Permits at Kinsley Mountain, Nevada
CopAur focuses on advancing its Kinsley Mountain gold project in Nevada, withdrawing from the Royal Vindicator Mine acquisition to prioritize near-term production and project development.
Tincorp Announces Non-Brokered Private Placement
Tincorp Metals plans a private placement raising C$375K via 3M shares; Dr. Feng invests, increasing his stake to 11.1%. Funds for working capital; closing around August 31, 2025.
CanCambria Energy Corp Announces Closing of Second and Final Tranche of Upsized Unit Financing
CanCambria Energy closed a CA$3.57M private placement, issuing units with shares and warrants, including finder's warrants, under securities law exemptions.
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U.S. Election 2024 Results: Gold Price Move Scenarios – This Is What History Tells Us | Gary Wagner
Gary Wagner analyzes how U.S. election outcomes could impact gold prices and market trends....
Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Metals Creek Resources Corp. plans to complete a non-brokered private placement of both flow-through and non flow-through units. The company intends to issue up to 14,285,715 flow-through units at $0.035 each, totaling up to $500,000. These units include flow-through common shares and half of a non flow-through common share purchase warrant, valid for 24 months. They also plan to issue up to 10,000,000 non flow-through units at $0.03 each, totaling up to $300,000. These units include non flow-through common shares and non flow-through common share purchase warrants, also valid for 24 months. The private placement is expected to close by November 30,
Geologica Updates Terms to Unit Financing
Geologica Resource Corp. has updated its proposed $300,000 financing plan from the issuance of units, with plans to issue 10,000,000 units at $0.03 each. Each unit consists of a share and half a warrant, which can be exercised for up to two years for $0.05. The company also plans to settle a $62,600 debt by issuing 1,252,000 shares at $0.05. Additionally, 400,000 shares will be issued to the CEO as late payment penalty, and 250,000 shares will be issued to the vendor of the Topley Property. The proceeds from the offering will be used for exploration on BC properties and general working capital.
Midnight Sun Receives Further Extension For Completion of Verification Report
Midnight Sun Mining Corp., a company focused on exploring the Solwezi Project in Zambia, has announced the completion of a planned site visit by inspectors from the Geological Survey Department of Zambia (GSD) regarding the company's Large Scale Exploration Licence. The Zambian Ministry of Mines and Minerals Development has granted an additional 14-day extension for GSD to complete their site verification report. The Solwezi Project is located in the Zambia-Congo Copperbelt, the world's second largest copper producing region.
Billionaire Mining Picks, PhD Lessons, a Nickel, an Antimony, a Lithium, and a Gold Discovery
Discussion on whether to follow billionaires' investments in junior mining; interviews with CEOs included....
Homerun Resources Inc. Memorandum of Understanding with Companhia De Navegacao Norsul for the Maritime Transport of High Purity Silica Sands Originating from the Belmonte Silica District
Homerun Resources Inc. has signed a non-binding Memorandum of Understanding (MOU) with Norsul to develop maritime transport opportunities for high purity silica sands from the Belmonte Silica District. Norsul will help evaluate and develop logistics solutions for silica sand transport to maximize operational efficiency and achieve economies of scale. The partnership forms part of Phase 2 of Homerun's Business Plan and aligns with an existing partnership with Companhia Baiana de Pesquisa Mineral. This move strengthens Homerun's commitment to building a competitive logistics operation for the Belmonte Silica project.
Great Atlantic to Attend Newfoundland and Labrador Mineral Resources Review 2024 Conference
David Martin, VP Exploration for Great Atlantic Resources Corp., will represent the company at the Newfoundland and Labrador Mineral Resources Review 2024 Conference from November 5th to 8th. The company, which has mineral licences in Newfoundland focusing on gold, silver, tungsten, copper, lead, and zinc, has a flagship project, the Golden Promise Gold Project. This project reported a compliant inferred resource estimate in late 2018 of 357,500 tonnes at 10.4 grams/tonne gold. In 2024, seven of eight diamond drill holes at the project site intersected quartz veins with visible gold.
Forge Resources Corp. Announces Start of Construction on Mine Portal and Upcoming Executive Site Visit at Fully Permitted Coal Project, Colombia
Forge Resources Corp has announced the start of construction on the mine portal at Aion Mining Corp's La Estrella project in Santander, Colombia. The portal, which is expected to be finished by mid-November 2024, will allow access for the extraction of high-grade metallurgical and thermal coal seams. It will help Forge to develop the underground decline and acquire a minimum of 20,000 metric tonnes of potentially revenue-generating bulk sample. Forge executives will visit the site to review project progress and discuss strategic plans, including finding additional Colombian coal concessions in various stages of permitting.
CanCambria Energy Corp Announces Trading on the Frankfurt Stock Exchange
CanCambria Energy Corp announced that its common shares are now trading on the Frankfurt Stock Exchange (FSE) under the symbol "4JH", as of November 5, 2024. This listing is expected to attract European investors and enhance the company's visibility in Europe, especially since its Kiskunhalas Tight-Gas Project is located in the European Union. The FSE offers high liquidity and a transparent regulatory environment, connecting companies to a wide network of international investors. CanCambria is a Canadian oil and natural gas exploration and production company founded in 2017.
Royal Road Minerals Provides Exploration Update; Expands 2025 Drilling Program at Jabal Sahabiyah, Relinquishes Al Miyah Tender, Kingdom of Saudi Arabia
Royal Road Minerals Limited is updating on its exploration work in Saudi Arabia, done through its local subsidiary, Royal Road Arabia Limited (RRA), a joint venture with MIDU Company. RRA was awarded the Al Miyah tender area but has decided to relinquish its rights to focus on the Jabal Sahabiyah project. The Jabal Sahabiyah project, awarded to RRA as Preferred Bidder, consists of three Exploration Licenses in the Asir Province of Saudi Arabia, covering about 284 square kilometers. The area has copper, gold and polymetallic mineralization controlled by meta-intrusive rocks. Previous work at Jabal Sahabiyah included mapping, surface geochemistry, geophysics and scout-drilling.
Founders Metals Closes C$12.1M Financing with B2Gold
Founders Metals Inc. has closed a strategic investment deal with B2Gold Corp., selling 4.4 million common shares at a price of C$2.75 per share, raising C$12.1 million in gross proceeds. This represents 5.0% of the company's common shares. B2Gold now has the right to maintain its pro rata interest in Founders Metals through participation in future financings up to a 9.9% share position. The funds will be used for exploration and development work in 2025 at the Antino Gold Project in Suriname and for general corporate purposes. The issued securities will be subject to a hold period of four months and one day.
Thunder Gold Reports Multiple Surface Rock Samples up to 13.2 g/t Au at the 100%-Owned Tower Mountain Gold Property in Ontario
Thunder Gold Corp has provided updates on its exploration at the Tower Mountain Gold Property in Thunder Bay, Ontario. Surface rock samples have shown gold values from 0.75 g/t to 13.4 g/t Au within a specific zone. A trail access to this target area has been established, along with 600m2 of outcrop stripping and 65 linear meters of trenching. Detailed mapping and sampling are complete, with assay results pending. A diamond drill is being used to test the area beneath the samples. Soil geochemical sampling is complete over 60% of the area, with results expected in November. Additionally, a detailed study of samples collected from historical drill cores is in progress, expected to complete in December. Historical results indicated high
North Valley Receives 100 Drill Hole Permit For Its Comstock Property; Provides Exploration and Company Updates
North Valley Resources Ltd. has received an amended permit for 100 drill holes at its Comstock Copper-Gold property in British Columbia. The permit covers 3,610 hectares and includes all 15 historic showings on the property. It allows for drill-testing of the magnetic and IP anomalies identified in 2023, which suggests a potential mineralized zone. The Original-Diane and South Zones, which were targeted in a 1988 drill program, show promising copper and gold intercepts. Recent prospecting indicates potential zones of quartz-sericite-pyrite and low-sulphidation epithermal alteration, suggesting a mineralized system running from near-surface to depth and above a potential buried porphyry feeder source.
Aurania Receives Corsica Study from IHC Mining B.V. of Holland
Aurania Resources Ltd. has commissioned IHC Mining Advisory Services to conduct a study on potential extraction and recovery methods for heavy minerals found in the Albo-Nonza black beach sands in Corsica. The minerals, believed to originate from the historic Canari Mine, may contain nickel and iron. The study proposed a solution that could cost an estimated 13 million Euros for capital and 2.82 Euros per tonne for operation. Further environmental studies and drilling are needed for more precise estimates. The beach is 40% sand, which is where the minerals of interest are primarily located.
Exploits Announces Non-Brokered Charity Flow Through Financing with Strategic Investor and Flow Through Share Private Placement
Exploits Discovery Corp. is undertaking a non-brokered private placement of flow-through common shares worth up to $346,154, priced at $0.09 per share. The company also announces an additional private placement with one investor for 2,000,000 shares at $0.08 per share, totalling $160,000. The proceeds will be used for eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador, Canada. The placements are expected to be completed by November 14, 2024. The securities offered are not registered under the United States Securities Act.
Pelangio Exploration Commences a UAV Magnetics Survey on its Obuasi Project, Ghana
Pelangio Exploration Inc. has started a high-resolution UAV airborne magnetics survey on its Obuasi property, located near the high-grade Obuasi Mine owned by AngloGold Ashanti PLC. The survey, expected to take 3-4 weeks, aims to provide critical data to target Obuasi-style gold mineralization on the property. The survey is being conducted with TuNya Mineral Resources Ltd. as part of their earn-in on the southern Tarkwaian portion of the property. Pelangio's Obuasi property is strategically located in Ghana's Ashanti Gold Belt, known for its rich, high-grade gold deposits. TuNya is also conducting a US$250,000 technical study of Pelangio's Ob
Chesapeake Gold Announces Stock Option Grant
Chesapeake Gold Corp. has granted stock options to purchase 65,000 of its common shares at a price of C$1.80 per share. These options will be available for a five-year term, expiring on November 5, 2029, and were given to the company's officers. They will vest and be exercisable at a rate of 25% annually, beginning on November 5, 2025. Chesapeake's main asset is the Metates Project, one of the largest undeveloped gold-silver deposits in the Americas, located in Durango State, Mexico.
QC Copper Secures Overwhelming Cuprum Shareholder Approval; Anticipates Merger Closing in December
QC Copper and Gold Inc. is set to acquire Cuprum Corp, with over 90% of Cuprum's shareholders tendering their shares for the merger. This transaction, expected to complete in early December 2024, will establish QC Copper as the largest copper developer in Eastern Canada. The company will rebrand to XXIX Metals Corp. after the merger. The finalization of the transaction is contingent on QC Copper shareholders' approval at the Special Meeting scheduled for December 4, 2024.
Silicon Metals Corp. Announces Acquisition of Contiguous Claims Totalling ~919 Hectares to Increase Land Position by ~40% at the Ptarmigan Silica Project in B.C., Completes Phase 1 Exploration and Engages Fairfax for Marketing
Silicon Metals Corp. has expanded its Ptarmigan Silica Project by approximately 919 hectares, increasing its size by 40%. The project, located near Prince George, BC, is underlain by quartzite formations. A recent exploration program has also been completed.
Red Metal Resources Expands Land Position in Natural Hydrogen District, Quebec
Red Metal Resources Ltd. has announced the acquisition of a 100% interest in four additional mineral claims located to the North of Quebec Innovative Materials Corp.'s (QIMC) recent expansion of its natural renewable hydrogen discovery. The new claims are directly contiguous to QIMC's recent expansion claims. The company is currently analyzing regional geological data to help with the evaluation of potential further acquisitions and the development of an initial exploration plan. The CEO, Caitlin Jeffs, expressed that the company is aggressively expanding its geological footprint in this emerging natural hydrogen district.
Golden Horse Australian IPO Offer to Raise up to A$18M Opens November 5
Golden Horse Minerals Limited is set to open its Australian initial public offering (IPO) on 5th November 2024, aiming to raise between A$16 million and A$18 million. The funds will support exploration in the Southern Cross Greenstone Belt, a significant gold-producing region in Australia. The IPO includes up to 72 million Chess Depositary Interests priced at A$0.25 each, with a priority allocation of up to A$4 million for eligible Emerald Resources NL shareholders. The company is expected to list on the Australian Securities Exchange on 2nd December 2024 under the ASX ticker code: GHM.
Gold's Biggest Year Since 1979: Why the West Is Now Buying Too & What’s Next | Joseph Cavatoni
Gold demand hit record highs in Q3 2024 due to central bank purchases and geopolitical instability....
Kutcho Copper Closes Financing
Kutcho Copper Corp. has closed its previously announced non-brokered private placement, raising a total of $1,288,500. The placement consisted of 12,885,000 units at $0.10 per unit, each unit comprising one common share and one transferable share purchase warrant. The proceeds will be used to advance the Kutcho Project and cover general administrative and working capital expenses. The company has also agreed to pay cash finder's fees of $61,880 and issue 618,800 finder warrants. The offering is subject to final approval from the TSX Venture Exchange.
Fathom Nickel Announces Non-Brokered Unit Offering
Fathom Nickel Inc. has announced a proposed private placement of units, comprised of one common share and one-half of a transferable Common Share purchase warrant. The Offering is expected to be completed under the listed issuer financing exemption, with an expected offering price of $0.03 per Unit. The maximum gross proceeds are expected to be $750,000. The Offering will be completed by way of exemption from the short form prospectus requirement and will be filed in several Canadian provinces. The proceeds will be used for exploration expenses at its Gochager Lake Project and for general corporate purposes.
Mineral Road Acquires Shares of Golcap Resources Corp.
Mineral Road Discovery Inc. has announced an agreement to acquire 2.5 million shares of Golcap Resources Corp from 1459988 BC Ltd, at a total purchase price of $500,000. In exchange, Mineral Road Discovery will issue 6.25 million shares to 1459988 BC Ltd, also valued at $500,000. The transaction is subject to approval by the Canadian Securities Exchange and further regulatory conditions. Emma Fairhurst, a director of both Mineral Road Discovery and 1459988 BC Ltd, is involved in this related party transaction. The company is using exemptions from certain requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization.
Alma Gold Announces Stock Option Grants
Alma Gold Inc., a gold-focused exploration company, has granted a total of 1,200,000 stock options to its directors, officers, and consultants at a price of $0.15 per share, valid for three years. The options were vested on issuance under the company's Stock Option Plan, approved by shareholders in April 2024. The company, based in Bedford, Nova Scotia, is engaged in various exploration projects in Guinea and Canada.
Sanatana Announces Resignation of Director
Sanatana Resources Inc., a mineral exploration and development company based in Vancouver, has announced the resignation of Ian Smith from its board of directors. Smith has been a board member since January 2019. The company's principal project is the Oweegee Dome copper-gold porphyry property, optioned from ArcWest Exploration Inc.
Silver Elephant Closes 2nd and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $291,550
Silver Elephant Mining Corp. has closed the second and final tranche of its non-brokered private placement, raising $291,550 through the sale of 595,000 units at a price of $0.49 per unit. Each unit includes a common share and a share purchase warrant allowing the holder to buy another share at $0.55 for three years. CEO John Lee subscribed for 500,000 units, totaling $245,000. The securities will be under a regulatory hold for four months plus a day from the issue date. The funds raised are expected to be used for general corporate purposes.
STLLR Gold Announces C$25.0 Million Bought Deal Financing
Toronto-based STLLR Gold Inc. has entered an agreement with Paradigm Capital Inc. and a syndicate of underwriters. The underwriters will purchase or arrange for the purchase of approximately 20 million units of the company, split between Premium FT Units, FT Units, and Hard Dollar Units, at various prices. The total gross proceeds from this deal are expected to be roughly C$25 million. Each unit will consist of a common share that qualifies as a flow-through share and half of a common share purchase warrant, according to the Income Tax Act of Canada.
LITHIUM Market Staging an Epic Comeback - Catalysts to Watch
Paul Schubach of EMP Metals discusses bullish lithium sector trends and their direct extraction method....
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