Mining News Releases & Company Updates - Page 45
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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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Summa Silver Announces Mogollon Project Anniversary Payment pursuant to Amended Lease Agreements
Summa Silver Corp. plans to issue 112,324 common shares as part of amended mining lease agreements related to the Mogollon project, subject to TSXV approval. This represents the fourth of ten annual payments, with ongoing cash obligations indexed to the PPI.
Pelangio Delays MRE Release Following Strategic New Acquisition of Nkosuo
Pelangio Exploration Inc. announces an extension for completing the Mineral Resource Estimate (MRE) for the Manfo Project due to a new agreement to acquire a stake in the Nkosuo Project. Additional time is needed to integrate new data for a comprehensive assessment. The updated MRE is expected by Q3 2025.
Torex Gold Reports Year-End 2024 Reserves & Resources
Torex Gold Resources Inc. reports year-end 2024 mineral reserves and resources for the Morelos Complex, showing changes in proven and probable reserves and resources across various deposits. The company continues to focus on optimizing feed rates and reviewing metal prices.
Silver47 Announces Closing of Third Tranche and Upsize of Non-Brokered Private Placement from $8 Million to $11 Million
Silver47 Exploration Corp. has increased its non-brokered private placement from $8 million to $11 million due to strong demand. The third tranche will issue approximately 3.87 million units at $0.50 each, raising about $1.94 million, alongside finders' fees and warrants.
Maritime Resources Announces an up to $15 Million Best Efforts Private Placement Financing
Maritime Resources Corp. has engaged Paradigm Capital Inc. for a private placement financing of up to $15 million, offering 200 million units at $0.075 each. Key investors include Eric Sprott and Dundee Corporation, with provisions for additional units and agent commissions.
J2 Metals Inc. (Formerly Cranstown Capital Corp.) Completes Qualifying Transaction
J2 Metals Inc. has completed its acquisition of J2 Metals Inc. (formerly Cranstown Capital Corp.) by issuing 9,934,347 shares, marking its Qualifying Transaction on the TSX Venture Exchange. Trading is set to resume under the symbol "JTWO" on March 24, 2025.
Silver Bullet Mines Increases Concentrate Grade to 530 Oz/ton Silver in Latest Production Run in Arizona
Silver Bullet Mines Corp. has increased the concentrate grade of its Super Champ material to 530 ounces per ton silver, a 12% rise. Improved mill efficiencies and higher head grades contributed to this. The company is developing an adit for better access and increased production. They made their first concentrate sale, with positive feedback from the buyer, who reported successful recovery of silver and gold. The company also issued 1,071,429 shares at $0.14 each.
ARYA RESOURCES LTD Receives Exploration Permit for Wedge Lake Gold Project in Saskatchewan, Canada
Arya Resources Ltd. has obtained an exploration permit for its Wedge Lake Gold project in Saskatchewan, allowing for drilling and prospecting. The project is near significant gold discoveries and will utilize existing infrastructure for exploration activities.
C3 Metals Announces Closing of $11,500,000 Bought Deal Private Placement
C3 Metals Inc. has completed a private placement of 23 million shares at C$0.50 each, raising $11.5 million for exploration and development projects. The offering involved co-lead underwriters and included a related party transaction. Final approval is pending from the TSX Venture Exchange.
Argo's January 2025 Oil Production
Argo Gold Inc. reported January 2025 oil production of 3,541 barrels (114 bbl/day) with revenue of $274,990 and net cash flow of $186,454. February production was approximately 2,971 barrels (106 bbl/day). The company is involved in mineral exploration and oil production.
Q Precious and Battery Metals Mobilizing Diamond Drill La Corne South Project, Val d'Or Quebec
Q Precious and Battery Metals Corp. is commencing diamond drilling on its La Corne South project in Quebec to explore geophysical targets identified by its team. The drilling follows successful previous efforts and aims to assess new anomalies for valuable minerals.
Military Metals Reviews Its Slovakian Tin-Tungsten Asset in Slovakia
Military Metals Corp. updates shareholders on its Medvedi-Potok tin property, highlighting its potential alongside the Trojarová antimony-gold project. The company emphasizes the strategic importance of tin and plans to advance the property to maximize shareholder value.
Aero Energy and Fortune Bay Commence Drilling at Howland Lake, Murmac Uranium Project
Aero Energy Limited announces the start of drilling at Howland Lake in Saskatchewan's Murmac Uranium Project, targeting high-grade uranium deposits. The program includes up to six drill holes, building on previous successful results, and is operated by Fortune Bay Corp.
West Point Gold Intersects 73.15m of 1.07 g/t Au, including 16.76m of 2.67 g/t Au, Continuing to Expand the Tyro Main Zone to Depth
West Point Gold Corp. announces positive drill results from the Tyro Main Zone at the Gold Chain Project in Arizona, with significant gold intersections indicating broader mineralization than expected. Ongoing drilling aims to establish a maiden resource.
Colibri and Partner - Core Drilling Returns 1.6 g/t Gold Over 36.6 meters from Surface which Includes High-Grade of 15.2 g/t Gold Over 1.2 meters and 5.8 g/t Gold Over 3 meters at El Pilar Gold Project
Colibri Resource Corporation announces positive assay results from two drill holes at the El Pilar Gold & Silver Project in Mexico, highlighting 36.3 meters of 1.6 g/t gold. The results support the site's potential for a test mine, with more results pending.
Astra Exploration Receives Drill Permit and Plans to Commence Drilling by April 1st at the La Manchuria Project, Deseado Massif, Argentina
Astra Exploration Inc. has received permits to begin its first drill program at the La Manchuria Project in Argentina, aiming to test a new geological model and expand high-grade mineralization. The fully funded program will start in early April 2025.
Bonterra Highlights Initial Drill Results from Gladiator SW Target; Announces 2025 Exploration Program at Phoenix JV with Gold Fields
Bonterra Resources Inc. announced first assay results from the Gladiator Southwest target and details of its 2025 exploration program at the Phoenix JV, in partnership with Gold Fields. The joint venture aims for significant expenditures to develop gold resources in Quebec.
Questcorp Mining Announces Closing of Oversubscribed Private Placement Financing
Questcorp Mining Inc. has closed a non-brokered private offering, raising approximately $2.75 million by issuing nearly 45.8 million units at $0.06 each. Proceeds will fund the La Union Project, exploration, and other financial obligations. Insider participation was noted, but exemptions apply under relevant regulations.
Snow Lake Mobilizing Phase 2 Drill Program at Engo Valley
Snow Lake Resources Ltd. has begun mobilization for its Phase 2 drill program at the Engo Valley Uranium Project, aiming to drill up to 7,500 meters for a maiden uranium resource estimate amid a global supply deficit and increasing demand for clean energy.
Makenita Resources Initiates USA Listing Process
Makenita Resources Inc. is pursuing a U.S. exchange listing and DTC eligibility, enhancing accessibility for shareholders globally after securing German trading symbols. The company anticipates growth due to rising cobalt and silver prices and plans to increase its market presence.
Sixty North Gold Announces a Non-Brokered Unit Private Placement to Raise up to $250,000
Sixty North Gold Mining Ltd. plans to raise up to $250,000 through a private placement of 3,030,303 units at $0.0825 each, to fund exploration of the Mon Gold Property in NWT. Each unit includes a share and a warrant for purchasing additional shares.
Andean Precious Metals Reports Fourth Quarter and Full Year 2024 Operating and Financial Results
Andean Precious Metals Corp. reported record revenues of $254 million and adjusted EBITDA of $62.9 million for 2024. The year marked significant operational achievements, including the full integration of Golden Queen, an uplist to TSX, and successful exploration initiatives.
McFarlane Lake Upsizes Private Placement Offering from $1 Million to $1.3 Million
McFarlane Lake Mining Limited has increased its private placement offering from $1 million to $1.3 million due to high investor interest. The offering includes up to 26 million units at $0.05 each and 18.57 million flow-through shares at $0.07 each, with a minimum subscription of $635,000.
Elemental Altus Announces Normal Course Issuer Bid
Elemental Altus Royalties Corp. has announced a Normal Course Issuer Bid to buy back up to 12,288,129 shares over one year, starting March 25, 2025. Purchases will be made at market price through Raymond James Ltd. and shares will be canceled after buyback.
Canada One Appoints Dr. Mockova to the Board of Directors
Canada One Mining Corp. appointed Dr. Maria Mockova as an independent director, praising her extensive experience in early-stage companies. The announcement also included the resignation of Rodney Stevens from the board. The company focuses on resource exploration in Canada.
KWG Resources Inc Announces Closing of Second Tranche of Its Private Placement of Units
KWG Resources Inc. announced the closing of the second tranche of a private placement, raising $202,600.32 by issuing 194,808 units at $1.04 each. Total proceeds amount to $422,614.32, which will fund exploration and development of mineral deposits and operational costs.
Kodiak Closes Oversubscribed Private Placement of $5.5 Million
Kodiak Copper Corp. has completed an oversubscribed private placement, raising $5.5 million by issuing charity flow-through and common share units. The funds will support the MPD project in British Columbia, with plans for a significant drill program in 2025.
Goldshore Announces Extension of Annual General Meeting of Shareholders
Goldshore Resources Inc. has received an extension to hold its 2025 annual general meeting by October 23, 2025. The company focuses on gold asset development, particularly the Moss Gold Project in Ontario, with significant investments and mineral resource estimates.
Ridgeline Minerals Announces Non-Brokered Private Placement
Ridgeline Minerals Corp. plans a non-brokered private placement to raise $500,020 by selling 2,174,000 shares at $0.23 each, pending Exchange approval. Proceeds will fund exploration in Nevada and general working capital, with a four-month hold on securities.
Dryden Gold Corp Makes Final Property Payment to Alamos Gold
Dryden Gold Corp. has fulfilled its obligations under an Option Agreement with Alamos Gold Inc., paying $2 million and issuing 8,568,980 shares. This grants Dryden Gold 100% ownership of the Dryden Property in Ontario, subject to a 1% NSR royalty.
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