Mining News Releases & Company Updates - Page 42
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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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Kesselrun Resources Reports Surface Sample Results and New Zone
Kesselrun Resources Ltd. announced new sampling results from the McKellar mineralization trend in Thunder Bay, Ontario, revealing two parallel zones and extending the McKellar West zone's strike length. This enhances exploration potential on the Huronian Gold Project.
Peruvian Metals Corp. Signs Agreement to Sell Maria Norte to Rio Silver Inc.
Peruvian Metals Corp. has agreed to sell its 100% interest in the Maria Norte Project in Peru to Rio Silver Inc. for cash and shares. This sale, which involves a non-core asset, allows Peruvian Metals to focus on gold exploration in Northern Peru.
EMX Royalty Announces Commencement of New Normal Course Issuer Bid
EMX Royalty Corporation announces approval for a new Normal Course Issuer Bid (NCIB) after completing the previous one. They plan to repurchase up to 5,440,027 shares over a year, aiming to enhance shareholder value and liquidity. An automatic stock purchase program will also be initiated.
ELYSEE Earns $652,227 During the Year Ended December 31, 2024
Elysee Development Corp. reported a net profit of $652,227 for FY 2024, a turnaround from a loss in FY 2023. They had a NAV of $0.42 per share, increased cash reserves, and recorded total investment income of $1,260,642. Administrative expenses rose due to new debenture costs.
Cabral Gold Drills 3m @ 15.9 g/t gold and Discovers New Mineralized Zone at the Machichie Main Gold Deposit, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. announced positive drill results from the Machichie Main gold deposit in Brazil, revealing new mineralized zones and significant gold concentrations. These findings suggest potential for future development at the Cuiú Cuiú Gold District.
Southern Cross Gold Expands Golden Dyke with 5.4 m @ 29.6 g/t Gold Intercept
Southern Cross Gold reports positive drill results from the Golden Dyke prospect at its Sunday Creek project, revealing three significant high-grade gold intercepts that enhance the deposit's economic potential and indicate possibilities for further resource expansion.
Kodiak Appoints Peter Holbek as Advisor
Kodiak Copper Corp. has appointed Peter Holbek as a technical advisor. With 45 years of experience in geology and mining, he previously served as VP Exploration at Copper Mountain Corp. His expertise includes resource estimation and mine development relevant to Kodiak's projects.
Thor Explorations Announces Release of Fact-Finding Committee Report on Osun State Dispute
Thor Explorations' subsidiary, SROL, received a report confirming its compliance with legal obligations in a dispute with the Osun State Government, dismissing allegations of wrongdoing and environmental pollution. A revised tax invoice was recommended for reconciliation.
Independence Gold Announces New Discovery at the Larry Vein System of 19.40m Grading 5.58 g/t Gold and 73.76 g/t Silver at the 3Ts Project, BC
Independence Gold Corp. announced the discovery of high-grade gold and silver at the Larry Vein System in its 3Ts Project, BC. Significant drill results show promising mineralization. Further assays are pending, and the vein's potential remains open for exploration.
District Intersects 11.0 m at 5.8% Zn, 1.1% Pb, 20 g/t Ag on the Stollberg Property
District Metals Corp. reports drill results from five holes at the Stollberg Property in Sweden, as part of a collaboration with Boliden Mineral AB. The drilling, totaling 2,438 m, enhances understanding of the area's geology and mineralization, similar to Garpenberg Mine.
LithiumBank Announces $5 Million Private Placement and Repricing of Stock Options
LithiumBank Resources Corp. is offering up to $5 million through the sale of units and flow-through units, with the proceeds aimed at funding mineral license payments, environmental assessments, and community consultations.
Blue Star Gold Announces $3.5M Non-Brokered Private Placement
Blue Star Gold Corp. plans to raise up to $3.5 million through a non-brokered private placement of 35 million shares at $0.10 each, pending approval from the TSX Venture Exchange. Proceeds will support general working capital for its mineral exploration projects in Nunavut.
Solis Minerals Announces TSXV Approval of Tranche 2 Placement Closing Date
Solis Minerals Limited updates on its Tranche 2 placement, receiving a 30-day extension from the TSX Venture Exchange due to a Special Shareholder Meeting. The company focuses on copper exploration in South America, holding 81 concessions in Peru.
JVR Ventures Inc. Enters into Agreement for Qualifying Transaction with Luna Energy Ltd. and Its Cabayu Uranium Project
JVR Ventures Inc. has signed a binding agreement to acquire Luna Energy Ltd., constituting a reverse take-over. The transaction will allow JVR to continue Luna's business and aims to qualify as its capital pool company transaction for TSXV listing.
Kingsview Minerals Announces Corporate Update
Kingsview Minerals Ltd. announced a share consolidation effective March 14, 2025, with a reverse split of 1:10, resulting in approximately 3,833,211 post-consolidation shares. The Board approved this move, and a caution about forward-looking statements was included.
Millennial Increases Private Placement
Millennial Potash Corp. is increasing its private placement to 8,215,333 units at $0.60 each, raising $4,929,200 for the Banio Potash Project and general working capital. The placement requires TSX Venture Exchange approval and includes insider participation.
Resource Centrix Announces Subdivision of Shares
Resource Centrix Holdings Inc. announces a ten-for-one share split effective March 31, 2025, increasing outstanding shares to approximately 94.2 million to boost liquidity. Trading will begin on a post-split basis on April 1, 2025, with no action needed from shareholders.
West High Yield (W.H.Y.) Resources Ltd. Announces Final Closing of Oversubscribed Private Placement
West High Yield Resources Ltd. announced the closing of its private placement offering, issuing 1,737,899 units for $399,717. This brings total proceeds to $1,073,937.33 from 4,669,290 units. Each unit includes a common share and a warrant, subject to trading restrictions.
Phenom Informs Shareholders of President Trump's Executive Order: Immediate Measures to Increase American Mineral Production
Phenom Resources Corp. announces an Executive Order by President Trump aimed at revitalizing U.S. mineral production by addressing regulatory burdens. The Order includes action plans to expedite mining projects, which could benefit Phenom's gold projects.
Sanu Gold Announces Upsize of Private Placement to $12 Million led by Montage Gold & the Lundin Family
Sanu Gold Corporation has increased its non-brokered private placement to up to 42.86 million common shares at C$0.28 each, aiming for C$12 million in proceeds. Funds will support exploration in Guinea and may include new permit acquisitions.
Bayhorse Silver Reports Anomalous Copper-Zinc Assay Results from the Last 112 m of Drill Hole BH24-01 from 207 m (680ft) Downhole to End of Hole at 318 m (1050 ft)
Bayhorse Silver Inc. reports promising assay results from drill hole BH24-01 at the Bayhorse Silver Mine, revealing significant mineralization, including copper, zinc, and gold. The findings support the mine's epithermal nature and identify three new high-priority drill targets.
Snow Lake to Secure Stake in Game-Changing Uranium Enrichment Technology, Unlocking Access to $6 Billion Market
Snow Lake Resources Ltd. announces its investment in Global Uranium and Enrichment Limited, gaining access to Ubaryon's innovative uranium enrichment technology. This positions Snow Lake strategically in a growing market, addressing U.S. energy security and future nuclear fuel demands.
Canaf Reports Financial Results for Q1 2025
Canaf Investments Inc. announced its Q1 2025 financial results, reporting revenue of CAN$8.34M and a net income of CAN$781K. Shareholder equity increased to CAN$12.4M, reflecting growth. Detailed financial statements are available on their website and SEDAR.
Gold Hunter Resources Uplists to OTCQB, and Receives DTC Eligibility for American Investors
Gold Hunter Resources Inc. has uplisted to the OTCQB Venture Market (symbol "HNTRF") and received DTC eligibility, enhancing access for U.S. investors. This move aims to increase visibility and liquidity while meeting strict regulatory standards.
Palamina Extends Known Gold Mineralization in the Sol De Oro North Zone at the Usicayos Gold Project
Palamina Corp. announces assay results from its Usicayos gold project in Peru, revealing a new mineralized shear zone southeast of the SDO North area. The target for resource drilling has doubled in width, with a planned drill program to further explore gold mineralization.
Lion One Drills 142.66 g/t Gold over 2.2 m from Underground at Tuvatu Gold Mine in Fiji
Lion One Metals Limited reports high-grade gold results from 2,194.70 meters of drilling at its Tuvatu Alkaline Gold Project in Fiji, focusing on the Ura lode system. Significant gold assays were found, and mining operations are ongoing, targeting areas with high-grade results.
Caprock Announces Substantial Updated Mineral Resource Estimate for Its Destiny Gold Project in Quebec
Caprock Mining Corp. announced a significant mineral resource estimate for its newly optioned Destiny gold property in Quebec, showing promising gold grades and tonnage. The estimate supports the project’s potential amidst high gold prices, representing an initial step in its development.
Volt Carbon Technologies and Charge CCCV LLC Sign MOU to Advance Next-Generation Battery Innovation
Volt Carbon Technologies and Charge CCCV have signed a collaboration agreement to develop high-energy lithium batteries and sustainable anode materials, aiming to enhance battery performance for electric vehicles and grid storage. The focus includes innovative chemistry and scaling production.
Rusoro Announces Credit Bid by Dalinar Energy for CITGO Parent Company and Update Thereof
Rusoro Mining Ltd. acknowledges Dalinar Energy's unsuccessful bid to acquire PDV Holding, Inc. shares in a court-supervised sale process. The Special Master recommended a competing $3.699 billion bid from Red Tree Investments, with court hearings to follow. Rusoro is advised by Rothschild & Co. and legal firms for value maximization in this context.
Kutcho Copper Provides Updates on Project Enhancements at its High-Grade Copper-Zinc Project
Kutcho Copper Corp. reports positive advancements in metallurgical and geological understanding for its high-grade copper-zinc project in British Columbia. The company anticipates continued progress in 2025, focusing on optimization and exploration opportunities ahead of a construction decision.
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