Mining Intelligence Articles & Market Analysis - Page 154
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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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Florida Canyon Shareholders Overwhelmingly Approve Arrangement with Integra
Florida Canyon Gold Inc.'s shareholders have approved a plan for Integra Resources Corp. to acquire all of its issued and outstanding common shares. The arrangement had overwhelming support, with 99.71% of votes in favor. In exchange for their shares, shareholders will receive 0.467 of a common share of Integra for each share they hold. The decision was made at a special meeting where approximately 73.87% of the total shares were represented.
Battery Mineral Resources Corp. Announces Closing of Additional Financing
Battery Mineral Resources Corp. has closed a private placement of unsecured convertible debentures, raising total gross proceeds of US$200,000. These funds will be used for operations at the company's Punitaqui copper project in Chile. The debentures will mature on September 30, 2026, with an annual interest rate of 10%. Interest accrued until March 30, 2025, will be paid by issuing common shares of the company. After that date, the interest can be paid either in cash or by issuing common shares. The holder of a debenture can convert the principal amount into common shares at a conversion price of US$0.22 per share from October 25, 2024. The
Neotech Metals Announces Closing of its LIFE Financing
Neotech Metals Corp., a mineral exploration company, has announced the successful completion of its LIFE financing. The company issued over 9 million units at $0.15 per unit, raising gross proceeds of $1,351,450. Each unit includes one common share and a share purchase warrant, which allows the holder to buy one common share at a price of $0.25 for three years. The proceeds will be used for exploration expenditures and for general corporate operating expenses.
Flying Nickel Announces Receipt of Final Order for Arrangement with Norway House
The British Columbia Supreme Court has granted Flying Nickel Mining Corp. the final order for the previously announced arrangement for Norway House Cree Nation (NHCN) and 10197729 Manitoba Inc to acquire the company's Minago Nickel Project in Manitoba, Canada. The deal, worth $8,000,000, involves the surrender of all NHCN-held shares in the company, the assumption of certain royalties, and reimbursement of certain expenses. The arrangement, approved by the company's shareholders at a special meeting, is expected to be completed by the end of October, 2024, subject to certain conditions and regulatory approvals.
Astra Exploration Elects to Proceed With Option Agreement For Manchuria Epithermal Gold-Silver Project, Santa Cruz, Argentina
Astra Exploration Inc., a precious metals exploration company, has received approvals to proceed with a binding letter agreement with Patagonia Gold Corp. Under this agreement, Astra has the option to acquire up to a 90% interest in the Manchuria epithermal gold-silver Project in Argentina. The company's review of the project shows potential for a high-grade, multi-million-ounce precious metals deposit, and Astra plans to begin exploration as soon as possible.
We Are in an Era of 'Great Upheaval' - War, Chaos and Market Collapse: Dave Collum
Dave Collum discusses truths about markets, commodities, deep state insights, and the presidential election....
Origen Resources Provides Correction To AGSM Update
Origen Resources Inc. is working towards a change of control, which will be voted on in their Annual General and Special Meeting. They are still awaiting a signed subscription agreement from Integra Capital Business S.A., which is expected soon. This agreement is related to the Company's Los Sapitos Lithium Project in Argentina. Until the agreement is signed, the vote will be advisory, but the company may proceed with shareholder approval in writing if the advisory vote is in favor. All proxies received so far support the change of control.
Origen Resources AGSM Update
Origen Resources Inc. is working to finalize a change of control, with an advisory vote on the matter scheduled for October 25, 2024. The company is also managing a transition in its CFO role, with Natasha Tsai stepping down and Lawrence Cheung stepping in. Further updates on the control change and CFO transition will be made as they occur.
Homerun Resources Inc. Announces Upsizing and Closing of Private Placement Financing
Homerun Resources Inc. has announced it will issue 1,675,054 units, raising approximately $2.18 million via a non-brokered private placement. Each unit comprises one common share and one purchase warrant, with each warrant allowing the holder to purchase an additional share at $2.00 for 24 months. Proceeds will be allocated towards lease payments, purchase payments, research and development, operations, business development, and fees. The company will also pay cash finder's fees of $38,834 and issue 29,872 Broker Warrants to Red Cloud Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp., and Leede Financial Inc. All securities issued are subject to a four-month and one-day
Founders Metals Closes C$20M Bought Deal Financing
Founders Metals Inc. has completed its planned private placement offering of 8,340,000 Shares at C$2.40 per share, raising a total of C$20,016,000. The offering was headed by BMO Capital Markets, including other underwriters like Clarus Securities Inc., Paradigm Capital Inc., and H&P Advisory Limited. The raised funds will be utilized for exploration activities at the Antino Gold Project and other corporate purposes. The securities issued will be subject to a hold period of four months and one day after the closing, as per Canadian securities laws. The shares have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption. Found
Fuerte Metals to Begin Trading on The OTCQB Exchange
Fuerte Metals Corporation's common shares have been approved to trade on the OTC Market's Group Inc.'s OTCQB Venture Market in the United States under the ticker symbol FUEMF. The company's shares will also continue to trade on the TSX Venture Exchange under the symbol FMT. This move aims to expand Fuerte's U.S. shareholder base as they advance their Cristina precious metals project in Mexico and Placeton copper porphyry project in Chile. The OTCQB is recognized as an "established public market" by the U.S. Securities and Exchange Commission for U.S. and international companies in the entrepreneurial and development stage.
World Copper Files Technical Report for Updated Resource Estimate for the Zonia Project
World Copper Ltd. has filed a technical report for an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA. The report reveals Indicated Resources of 109.9 million short tons grading 0.299% total-copper, containing 657 million pounds of copper, and Inferred Resources of 59.2 million short tons grading 0.254% total-copper, containing 301 million pounds of copper. This signifies a substantial expansion of the Zonia resource estimate in the Indicated category compared to previous estimates. The report is available on World Copper's SEDAR+ profile and its official website.
American Creek's JV Partner Tudor Gold Announces Positive Metallurgical Testing Results for the Goldstorm Deposit at Treaty Creek, Located in the Heart of the Golden Triangle, Northwestern British Columbia
American Creek Resources Ltd. has announced an update on the ongoing metallurgical testing on the Goldstorm gold, copper, and silver deposit in British Columbia, in partnership with Tudor Gold. The testing on the Lower CS-600 sub-domain has shown potential for producing a high-grade copper concentrate with significant gold and silver content. Flotation recoveries have totaled up to 88.1% for copper, 63.8% for gold, and 51.3% for silver. According to Tudor Gold's CEO, Ken Konkin, this process could yield a high-grade concentrate with excellent recoveries. Further testing is underway for a potential Preliminary Economic Assessment.
ATEX Announces US$40 Million Strategic Investment by Agnico Eagle
ATEX Resources Inc. has announced a strategic investment of US$40 million by Agnico Eagle Mines Limited. The investment will be used for exploration activities at the Valeriano Copper-Gold Project in Chile and for general corporate purposes. Agnico will subscribe for approximately 33.9 million units of ATEX at a premium price. ATEX also plans to repay its entire US$15 million credit facility debt through the issuance of equity. Additionally, a private placement will be made to new board member Rick McCreary, raising C$500,000.
Cruz Announces Record Date of October 29th for Spin-Out of Hector Silver-Cobalt Project
Cruz Battery Metals Corp. plans to transfer all its rights to its Hector Silver-Cobalt Project to its subsidiary, Makenita Resources Inc., and then distribute all the securities of Makenita received in return to Cruz's shareholders on a pro rata basis. This is part of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The record date is October 29, 2024, and shareholders of record on that date will receive free shares of Makenita without any additional cost.
Portofino Applies for Extension of Warrants
Portofino Resources Inc. is seeking approval from the TSX Venture Exchange for a one-year extension of 21,875,000 common share purchase warrants exercisable at $0.10. These include 13,000,000 warrants expiring on November 3, 2024, and 8,875,000 warrants set to expire on November 29, 2024. If approved, the amended expiry dates will be in 2025. The company is focused on exploring and developing mineral resource projects in the Americas, including the Yergo and Arizaro Lithium Projects in Argentina and several exploration projects in northwestern Ontario, Canada.
M3 Extends Warrant Term
M3 Metals Corp. has applied to the TSX Venture Exchange to extend the expiry date of certain share purchase warrants for three additional years, from February 7, 2025, to February 7, 2028. The warrants in question were initially issued on February 7, 2023, and are exercisable at 32 cents per common share. Nearly two million of these warrants are held by related parties of the company, making this amendment a related-party transaction. This action is subject to approval by the TSX Venture Exchange.
K2 Gold Closes Oversubscribed Second/Final Tranche of Private Placement Financing
K2 Gold Corporation has announced the closing of an oversubscribed second/final tranche of its non-brokered private placement financing. The company issued 7,925,000 units, generating gross proceeds of $792,500. This follows the first tranche, which saw 9,500,000 units issued to raise $950,000. Each unit consists of one common share and one non-transferable share purchase warrant. The warrant may be exercised to acquire one share at a price of CDN$0.30 per share for 12 months from issuance, subject to an acceleration clause.
Stamper Announces Proposed Extension and Repricing
Stamper Oil & Gas Corp. has applied to the TSX Venture Exchange to extend the expiry dates of over 9 million share purchase warrants from 2023 to 2025, subject to approval from the exchange. The company also plans to reprice these amended warrants from $0.07 to $0.05, pending approval and receipt of consent from each warrantholder. The repriced warrants will be exercisable into one common share of the company at $0.05. The company is working on obtaining written consents from warrantholders and expects to receive them by next week. The amended warrants include an acceleration clause that could potentially change the expiry date.
Why $5,000 Gold is INEVITABLE, Why Billionaires Are Buying Gold, and Why he Likes These 5 Stocks
Greg Orrell discusses gold investments, market predictions, and features two mining CEOs in an episode....
Kingsmen Resources Announces $1 Million Private Placement
Kingsmen Resources Ltd. has arranged a non-brokered private placement financing to raise up to $1 million. The financing will involve the sale of up to 4 million units, each containing one common share and one common share purchase warrant, at a price of $0.25 per unit. Each warrant gives the holder the right to purchase an additional common share at $0.40 for two years. All securities issued in the financing are subject to a four-month hold period and necessary regulatory approvals. The focus of the company is on exploration and development of high-margin metallic mineral deposits in the Parral mining districts.
Emperor Announces Private Placement
Emperor Metals Inc. has arranged a non-brokered private placement of 7,500,000 flow-through shares at a price of $0.11 per share, raising gross proceeds of $825,000. The proceeds will be used for eligible Canadian exploration expenses and will qualify as flow-through mining expenditures. The shares will be subject to a four-month hold period and are subject to acceptance by the Canadian Securities Exchange.
Equinox Gold to Announce Third Quarter Financial and Operating Results on November 6, 2024
Equinox Gold Corp. will announce its unaudited financial and operating results for Q3 and the first nine months of 2024 on November 6, 2024, after the market closes. A live conference call and webcast to discuss the results will take place the next morning, November 7, at 7:30 am PT. The webcast will be available on the company's website until May 7, 2025.
Southern Silver Provides Corporate Update
Southern Silver Exploration Corp. announced that all resolutions detailed in the Company's notice of meeting were passed by the majority of shareholders at their annual general meeting on October 23, 2024. The shareholders re-appointed Smythe LLP as the company's auditor and approved the company's rolling incentive stock option plan. The plan reserves a maximum of 10% of issued shares for issuance under the plan and is subject to TSX Venture Exchange acceptance. The company also re-elected its current directors and expressed gratitude to Eugene Spiering, who has retired from the Board. The company focuses on discovering world-class mineral deposits, with a primary emphasis on its Cerro Las Minitas silver-lead-zinc project located in Mexico's Faja de Plata.
Ucore Continues to Advance its US DoD Demonstration Project towards Louisiana REE Commercialization
Ucore Rare Metals Inc. is making significant progress on its US$4 million project with the US Department of Defense. The project involves the separation of mixed heavy and light rare earth elements at Ucore's Commercialization and Demonstration Facility in Kingston, Ontario. The company has achieved 60% of the project's objectives, including the establishment of an on-site analytical laboratory, a Continuous Improvement Program, and the completion of over 2,600 hours of Demo Plant runtime. It has also processed over 3 tonnes of rare earth elements and produced over 57,000 liters of rare earth chloride raffinates and strip liquors. Ucore is also working towards developing a commercial rare earth element supply chain in the West.
Tudor Gold Announces Positive Metallurgical Testing Results for the Goldstorm Deposit, at Treaty Creek, Located in the Heart of the Golden Triangle, Northwestern British Columbia
Tudor Gold Corp. announced an update on ongoing metallurgical testwork on the Goldstorm gold, copper, and silver deposit located in the Golden Triangle of British Columbia. The test results indicate that a high-grade copper concentrate can be produced from the Lower CS-600 sub-domain, with up to 88.1% copper, 63.8% gold, and 51.3% silver recoveries. The testing program supports a future Preliminary Economic Assessment (PEA). CEO Ken Konkin expressed satisfaction with the results, noting that over 50% of the CS-600 Domain is located within the tested sub-domain.
Magnum Goldcorp Announces Director Appointment
Magnum Goldcorp Inc. has announced the appointment of David Smith as a director of the company, effective from October 22, 2023. Smith has a background in real estate development and environmental businesses, with recent experience in the mining industry as the founder and CEO of GoldHaven Resources Ltd.
Military Metals Adds Key Ground at Its West Gore Antimony Property, Signs Binding LOI to Acquire Additional Claims
Military Metals Corp. has signed a letter of intent to acquire additional claims around its West Gore Antimony Project in Nova Scotia, Canada, to consolidate the mineral-rich area. The newly acquired ground adds 388 hectares, encompassing the rest of the West Gore antimony-gold mineral system and its historical mining operations. The company has an option to acquire full interest in the licenses for $235,000 over three years, with the sellers receiving a 3% Net Smelter Royalty. The company will announce the Definitive Agreement within ten days.
Metals Creek Drills 110 Meters of 1.69% Copper and 7.05 g/t Silver at the Tillex Copper Project
Metals Creek Resources Corp. has announced results from the second hole of its recently completed diamond drilling program at the Tillex Copper Project in Currie Township, Ontario. The drilled intercept has resulted in the longest intercept to date on the project, returning a downhole intercept of 110 meters of 1.69% Copper and 7.05 grams per tonne Silver. Included in this interval are two higher grade intervals of 2.46% Copper and 6.89g/t Silver over 26.72m, and 3.04% Copper and 13.85g/t Silver over 23.60m.
Premium Nickel Expands Selebi North Deposit with Discoveries of New Mineralization Beyond Initial Mineral Resource Estimate
Premium Nickel Resources Ltd. has announced the expansion of deposits and high-grade assay results from three drill holes outside the initial Mineral Resource Estimate at its Selebi North mine in Botswana. The results show promising intersections of nickel, copper, and cobalt. The company is still waiting for assay results for one more drill hole. These results are the first that are significantly outside the previous deposit boundaries, indicating potential for further resource expansion.
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