Mining News Releases & Company Updates - Page 57
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Honey Badger Silver Announces Closing of First Tranche of Non-Brokered Private Placement Raising Gross Proceeds of Approximately $2.013 Million
Honey Badger Silver raised $2.013M via private placements to fund exploration in Canada’s northern territories.
Dios Sells K2 to Azimut
Dios explores gold at its Heberto-Gold project; sells K2 property to Azimut for cash and shares, retaining a royalty. Focus on discovering a world-class gold deposit.
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Excellon Announces Appointment of Mike Hoffman to Board of Directors and Provides Corporate Update
Excellon Resources appoints mining veteran Mike Hoffman to its Board to enhance governance and support growth and production strategies.
Arya Resources Ltd. Engages CHF Capital Markets Inc.
Arya Resources partners with CHF Capital Markets for 12 months to boost investor relations, marketing, and capital markets advisory, with an option for share purchase.
Nevada Organic Phosphate Announces Stock Option Grant and Compensation Shares Issuance
Nevada Organic Phosphate granted stock options and issued shares as bonuses, including a related party transaction, to key personnel.
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North Peak Announces Non-Brokered Private Placement
North Peak Resources Ltd. plans a non-brokered private placement of up to 10 million equity units at C$0.60 each, raising up to C$6 million, potentially increasing to C$6.9 million. Proceeds will fund mining exploration and development, pending TSX approval.
Canterra Minerals Selected for PDAC Core Shack
Canterra Minerals Corporation will showcase drill core from its Buchans Critical Minerals project at the PDAC 2025 Convention's Core Shack, highlighting significant exploration results. CEO Chris Pennimpede will also present at the Atlantic Edge Investment Event.
Transition Metals Reports 14m of Ni-Cu-PGM Mineralization Intersected at Saturday Night Project, Ontario
Drilling at Transition Metals' Saturday Night Project revealed a significant mineralized interval with 1.04 g/t PGEs and 0.19% Cu. Results suggest potential for a large mineral system, comparable to the nearby Sunday Lake Discovery. Transition Metals will showcase at PDAC.
Heliostar Presents Fourth Quarter 2024 Financial Results
Heliostar Metals Ltd. reported strong Q4 2024 financial results, highlighting a C$9.5M cash flow and a C$7.7M cash position post-acquisition of Mexican gold assets. The company paid off its acquisition debt and recognized a C$90.5M accounting gain, positioning for growth in 2025.
Exploits' Gazeebow South Follow-Up Tills Program Shows High Gold Grain Counts Along the Appleton Fault Zone
Exploits Discovery Corp. announces promising results from its 2024 till sampling program at the Gazeebow South property in Newfoundland, revealing elevated gold grain counts that suggest significant mineralization potential along the Appleton Fault Zone.
Apex Investigation Reveals 24.98 g/t Au over 10.20 m in Historic Drill Hole E1411 on Its Holdings in Southern British Columbia, Canada
Apex Resources Inc. announces the discovery of new priority drill targets for gold and silver on its properties in southern British Columbia, following an assessment of historical data. The findings include promising areas near previous drill intercepts and new mineralization styles.
Provenance Gold Intersects 0.8 g/t Gold over 154.23m from Surface Including 3.02 g/t Gold over 13.72m
Provenance Gold Corp. reports promising assay results from drill holes EC-02 and EC-03 at the Eldorado Gold Project in Oregon, confirming a significant NE-SW gold-bearing structure with high-grade zones. The mineralization is extensive and open in all directions.
Defiance Silver Provides Corporate Update
Defiance Silver Corp. has signed a six-month agreement with Capital Analytica for investor relations services, costing $120,000. Additionally, the company granted stock options and deferred share units to employees and directors, subject to vesting and TSX approval.
District Announces Q2 2025 Results
District Metals Corp. reports financial results for the periods ended December 31, 2024, highlighting ongoing mineral exploration, a $3 million exploration budget, and the acquisition of a 2% NSR Royalty for the Viken deposit. They also began trading SDRs on Nasdaq.
Austral Gold Assigns US$2M of Related Party Loan
Austral Gold Limited announced the transfer of a US$3.5 million unsecured credit facility from its largest shareholder, IFISA, to two directors, Eduardo Elsztain and Saúl Zang. Elsztain will receive US$1.7 million, while Zang will get US$0.3 million.
STLLR Gold Announces Proposed Sale of its Non-Core Loveland Nickel Property to Loyalist Exploration
STLLR Gold Inc. has signed a letter of intent to sell its Loveland Nickel Property to Loyalist Exploration for C$250,000, shares, and a royalty. This move aims to streamline STLLR's focus on its Tower and Colomac Gold Projects and Hollinger Tailings Project.
Scorpio Gold Announces $3.5 Million Private Placement
Scorpio Gold Corporation plans to raise $3.5 million through a non-brokered private placement of up to 43.75 million shares at $0.08 each, with proceeds for exploration and working capital. The offering is subject to TSXV approval and includes finder compensation.
New Break Provides Corporate Update, William Love Appointed as CEO and Director and Michael Farrant as President and CFO
New Break Resources Ltd. is selling an 80% stake in the Sundog gold project to Guardian Exploration for cash and shares, allowing it to focus on its Moray gold project. The company plans to advance Moray with new drilling programs following a recent IP survey.
C3 Metals Announces $10 Million Bought Deal Private Placement
C3 Metals Inc. announced a bought deal private placement to sell 20 million common shares at $0.50 each, raising $10 million, with an option for an additional 3 million shares. Proceeds will fund exploration and development projects and working capital.
Silver Bullet Mines Corp. Announces Initial Order of Silver Concentrate and Attains Targeted Production Rate at Processing Mill
Silver Bullet Mines Corp. announced its first shipment of silver concentrate from the Super Champ mine, marking a revenue milestone. CEO John Carter emphasized ongoing production improvements and expectations for increased silver grades, supported by new equipment purchases.
American Creek's JV Partner Tudor Gold Announces Positive Results from Initial Metallurgical Testing for the High-Grade Gold Supercell-One Complex Within the Goldstorm Deposit, at Treaty Creek, Located in the Heart of the Golden Triangle, British Columbia
American Creek Resources Ltd. announces positive initial metallurgical test results from the high-grade gold Supercell-One Complex at the Treaty Creek Project in British Columbia, revealing significant economic potential and high flotation recoveries of gold.
Hawthorn Resources Corp. Outlines Historical Drilling Results from Prince Silver Property
Hawthorn Resources Corp. announces the acquisition of the Prince Silver Property, sharing significant historical drill results indicating extensive precious metals mineralization. Plans include verifying and expanding upon the historic data through new drilling programs.
Sitka Gold Appoints Gilles Dessureau as Vice President of Exploration and Strengthens Its Technical Advisory Team
Sitka Gold Corp. appointed Gilles Dessureau as Vice President of Exploration, succeeding Greg Dawson, who will become a Senior Technical Advisor. Dessureau, previously Senior Project Manager, has extensive experience and will lead the exploration of the RC Gold project.
Sokoman Minerals Announces Participation at the Prospectors & Developers Association of Canada (PDAC) 2025 Convention
Sokoman Minerals Corp. will participate in the PDAC Convention from March 2-5, 2025, at Booth 2432. CEO Timothy Froude emphasizes the opportunity to connect with investors and showcase their Newfoundland projects. Attendees can book meetings via email.
Equity Metals Expands Gold-in-Soil Anomaly with Assays up to 41.8g/t Au in Grab Samples from the Arlington Gold Property, British Columbia
Equity Metals Corporation reports positive surface sampling results from Q4 2024 on its Arlington project in British Columbia, expanding a gold anomaly and discovering high gold values. The company also staked additional claims and completed an airborne survey.
African Energy Metals Obtains TSXV Conditional Approval
African Energy Metals Inc. announced its conditional acceptance to reactivate from NEX to Tier 2 on the TSX Venture Exchange, linked to an option agreement for the Niñobamba silver-gold project in Peru. It plans to rename to Magma Silver Corp. upon approval.
Minaurum Drills Widest High-Grade Intercept at Alamos Silver Project: 36.65 metres of 328 g/t Silver Equivalent
Minaurum Gold Inc. announced significant drilling results from the Alamos Silver Project in Mexico, showing expanded Promontorio vein zone with high-grade silver intercepts. The findings support historic vein widths and will inform a maiden resource estimate.
Valkea Resources Establishes the Bulk-Tonnage Koivu Zone; Drills 15.35 Meters of 3.43 g/t Gold, Including 2.75 Meters of 12.92 g/t Gold at the Paana Project, Finland
Valkea Resources Corp. announced positive drill results from its first exploration program at the Paana project in Finland, confirming significant gold mineralization. The results indicate strong continuity of both high-grade and bulk-tonnage gold, warranting further exploration.
Aftermath Silver Reports 156m From Surface of 290g/t Ag, 1.12% Cu and 7.3% Mn In Eastern Zone Step Out
Aftermath Silver Ltd. reports favorable assay results from its Phase 2 diamond drill program at the Berenguela deposit in Peru, highlighting significant copper and silver grades from new drill holes. The Eastern Zone shows promising mineralization, with ongoing drilling planned.
Lion One Drills 85.54 g/t Gold over 3.0 m from Surface at Tuvatu, Announces New CEO
Lion One Metals Limited announced high-grade gold results from 1,757.8 meters of drilling at its Tuvatu Gold Project in Fiji, focusing on the SKL lodes. The company appointed Ian Berzins as CEO and highlighted significant gold assays, indicating strong potential for mining expansion.
Significant Copper Mineralization in Addition to Gold on Feni Island
Adyton Resources Corporation announced significant copper mineralization at the Kabang Project on Feni Island, previously unaccounted for in the Mineral Resource Estimate. Drilling has begun, and updates are expected, emphasizing the project's potential beyond just gold.
Plata Latina Announces Fresnillo to Purchase Naranjillo NSR for $8,610,000
Plata Latina Minerals announces Fresnillo plc's purchase of a 3% net smelter return on the Naranjillo property for $6 million. The deal strengthens Plata Latina's finances and supports its growth strategy. The transaction is expected to close by March 2025.
Max Resource Announces Shareholder Approval of IPO Offering of Max Iron Brazil Ltd. for Admission to the Official List of the ASX
Max Resource Corp. announced shareholder approval for an IPO of its subsidiary, Max Iron Brazil, after a special meeting on February 26, 2025. The Florália DSO Project's geological target was significantly increased, but the potential remains conceptual pending further exploration.
Silver Elephant Files Arbitration Against Andean Precious Metals Corp. to Collect US$1,000,000 plus Fees
Silver Elephant Mining Corp. has initiated arbitration against Andean Precious Metals for failing to pay $1 million as per their Master Services Agreement. Andean missed the payment deadline on December 18, 2024, leading to the termination of their contracts.
Bold Ventures Adds Claims to Cover Untested Anomalies at Joutel
Bold Ventures Inc. has expanded its Joutel Property in Québec by adding 11 claims that cover untested geophysical anomalies from a 2012 survey. The company will participate in the PDAC conference in Toronto, showcasing its projects and a recent high-grade gold discovery.
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