Mining News Releases & Company Updates - Page 59
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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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Quimbaya Gold Closes Final Tranche of Private Placement to Accelerate Next Growth Phase
Quimbaya Gold Inc. has completed a fourth tranche of a non-brokered private placement, raising $790,500 by issuing 2,634,999 units at $0.30 each. The funds will support exploration in Colombia. The company is now in a strong financial position following cumulative placements totaling $2.79 million.
Sasquatch Resources Announces Private Placement and Provides Corporate Update
Sasquatch Resources Corp. plans a non-brokered private placement to raise up to $500,000 by issuing 10 million units at $0.05 each, including warrants. Insiders will participate, and securities are not available in the U.S. The company is also advancing waste rock processing at Mount Sicker.
Pelangio Exploration Announces Private Placement for Gross Proceeds up to $1,000,000
Pelangio Exploration Inc. is conducting a non-brokered private placement to raise up to $1,000,000 by selling units at $0.04 each, comprising common shares and warrants. Proceeds will fund working capital, exploration, and corporate purposes, pending regulatory approval.
Southern Silver Returns 8.9 metres of 222g/t AgEq in South Skarn Drilling, Cerro Las Minitas Project Mexico
Southern Silver Exploration Corp. announced successful Q4 '24 drilling results at the South Skarn deposit in Mexico, extending mineralization. Key findings include high-grade silver, gold, copper, and zinc intervals, indicating significant mineral potential.
Masivo Acquires Drill Ready Gold, Silver, Copper Breccia Pipe - Pophyry Project in Mexico
Masivo Silver Corp. has signed a Letter of Intent to acquire the Cerro Colorado project in Sonora, Mexico, containing gold, silver, and copper. The project includes significant mineral findings from mapping and sampling, indicating strong mineralization potential.
Cosa Closes C$6 Million Private Placement, Including Full Exercise of Over-Allotment Option
Cosa Resources Corp. closed a brokered private placement, raising approximately C$6 million. Denison Mines Corp. increased its stake to 19.95%. The Offering included units at C$0.25 and charity flow-through units at C$0.425, totaling 8.8 million units issued.
Xtra-Gold Further Delineates Kibi Gold Project Resource Expansion Targets; Demonstrates Potential Resource Growth from Two New Under-Tested Gold Mineralization Settings
Xtra-Gold Resources Corp. reports positive assay results from 49 diamond drillholes at its Kibi Gold Project in Ghana. The drilling program aims to expand resources by targeting known mineralization and exploring new gold settings identified through geological modeling.
Loncor Gold Reports Multiple Wide High Grade Gold Intersections at Its Drill Program at Adumbi
Loncor Gold Inc. reported promising drilling results from hole LADD027 at the Adumbi deposit, showing significant gold grades including 22.64m at 4.77 g/t and 16.07m at 5.82 g/t. The drilling enhances the indicated and inferred mineral resources already identified.
Borealis Announces Closing of $10 Million Bought Deal Offering
Borealis Mining Company announced the completion of a public offering, issuing 17,857,150 units at C$0.56 each for gross proceeds of C$10 million. Proceeds will fund gold project development in Nevada and general corporate purposes.
Wealth Minerals Announces Private Placement
Wealth Minerals Ltd. announces a non-brokered private placement of up to 25 million units at $0.08 each, aiming to raise up to $2 million for exploration and working capital. Each unit includes a share and warrant. The offering is subject to regulatory approval.
Homerun Resources Inc. Non-Binding Offtake Agreement with Balfar Solar for the Supply of High-Quality Solar Glass & Solar Module JV
Homerun Resources Inc. has signed a non-binding offtake agreement with Brazilian solar panel manufacturer Balfar to supply 100,000 tonnes of solar glass annually. They plan to discuss a potential joint venture to expand sales in Brazil's solar market.
Kobrea Provides Exploration Update at Western Malargüe Copper Projects - Mendoza Province, Argentina
Kobrea Exploration Corp. updates on its Western Malargüe Copper Projects in Argentina, revealing drill locations at El Perdido, identified hydrothermal breccias, and ongoing geological mapping. The company is preparing to build a drill access road for further exploration.
Seabridge Gold Reports on 2024 Corporate Objectives
Seabridge Gold reports on its 2024 objectives and results in its annual report card, detailing its North American gold projects, including KSM and Iskut in British Columbia. For more information on mineral reserves, visit their website.
QIMC Looks to Accelerate Quebec's Hydrogen Ambitions Following Key Meeting with Government Representatives
Quebec Innovative Materials Corp. (QIMC) is advancing efforts to establish hydrogen as a primary energy source in Quebec, supporting the province's emissions reduction goals by 2030 and 2050. QIMC emphasizes social acceptability, environmental responsibility, and low ecological impact in its hydrogen development initiatives.
Emperor Metals Clarifies Press Release for February 25, 2025
Emperor Metals Inc. announces reanalysis results for DQ24-12 samples, revealing high-grade gold lenses initially underestimated. CEO John Florek highlights the potential for increased gold grades and ounces, supporting further drilling efforts. The 2024 program covered 8,166 meters.
West Point Gold Resumes Maiden Resource Drill Program at Gold Chain and Appoints Conrad Nest as New Independent Director
West Point Gold has resumed drilling at its Gold Chain Project in Arizona, planning at least 3,000m of reverse circulation drilling to gather data for a maiden resource estimate at the Tyro Main Zone, following a successful previous drill program.
Vortex Metals Announces Geophysics Results & Exploration Plans
Vortex Metals Inc. announced positive results from down-hole geophysics at the Illapel Copper Project in Chile, confirming the presence of sulphide mineralization and identifying potential extensions for further drilling, indicating the possibility of a larger high-grade copper lens.
Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres
Radisson Mining Resources announced additional drill assay results from its O'Brien Gold Project in Quebec, highlighting high-grade gold mineralization from 17 drill holes. The results, part of a 35,000 metre 2024 drill program, show promising shallow intersections, reinforcing the project's potential.
Snow Lake Initiates Phase 2 Drill Program at Engo Valley
Snow Lake Resources Ltd. has launched a Phase 2 drill program at the Engo Valley Uranium Project in Namibia, aiming for 7,500 meters of drilling to estimate mineral resources. The program targets key uranium occurrences and responds to increasing global uranium demand amid a shift towards nuclear energy.
Metal Energy's AMT Survey Accelerates Exploration Targeting at Highland Valley
Metal Energy has completed a 60 km² AMT survey at the Highland Valley project, mapping intrusive phases of the Guichon Creek Batholith. The survey identified seven targets, including high-priority Zones 1 and 2, for further exploration of copper mineralization.
Silicon Metals Corp. Announces Share Consolidation
Silicon Metals Corp. plans a share consolidation of 2:1, effective March 3, 2025, pending CSE approval. Post-consolidation, shares will total approximately 19.4 million. Shareholders will receive instructions for exchanging certificates on March 4, 2025.
Mexican Gold Announces Non-Brokered Private Placement
Mexican Gold Mining Corp. has closed a non-brokered private placement, raising CAD $160,000 by issuing 4 million units at $0.04 each. Proceeds will fund operational costs, claim fees, and OTCQB listing fees. Securities are subject to a hold period until June 25, 2025.
Solis Minerals Announces $4.5 Million Placement Bolsters Funding Ahead of Drilling in Copper-Rich Region of Peru
Solis Minerals has secured A$4.5 million through a placement to institutional investors, including A$205,000 from Directors, pending shareholder approval. Funds will support drilling at Ilo Este and Chancho al Palo, pre-drilling at Cinto, and regional target work.
Maritime Resources to Attend PDAC 2025 and Present at Canada's Atlantic Edge Event
Maritime Resources Corp. will attend the PDAC conference in Toronto from March 2-5, 2025, and will also participate in the Atlantic Edge event on March 4. Investors are invited to meet with management at Booth 2816 and attend a presentation by the CEO.
Renegade Gold Announces Appointment of John Newell as President and Strengthened Focus on Discovery in Red Lake
Renegade Gold Inc. appoints John Newell as President to enhance its leadership and drive exploration in Canada's Red Lake District, coinciding with high gold prices and increased investor interest. Newell brings over 40 years of mining experience and expertise.
Chakana Announces Effective Date of Share Consolidation
Chakana Copper Corp. will consolidate its shares on a 1-for-10 basis effective February 28, 2025. Post-Consolidation, approximately 26.7 million shares will be outstanding. No name or symbol change will occur, and fractional shares will not be issued.
Red Sucker Lake First Nation Invites ONGold to Resume Exploration at Monument Bay Gold Project
ONGold Resources Ltd. updates on the Monument Bay gold project in Manitoba, acquired from Agnico Eagle Mines in December 2024. The company is collaborating with Red Sucker Lake First Nation to resume exploration, emphasizing community engagement and potential resource growth.
Kingsview Minerals Announced Board and Management Changes
Kingsview Minerals Ltd. announced management and board changes, effective February 25, 2025, with resignations of key members and new appointments, including Edward Yew as CEO. The board expresses gratitude for the contributions of departing members.
Valleyview Issues Comprehensive News Release Regarding Reverse Takeover of Shift Including Completion of Share Split
Valleyview Resources Ltd. is acquiring Shift Rare Metals Inc. in a reverse takeover, as per TSX Venture Exchange Policy 5.2. Post-Transaction, Valleyview will be known as Homeland Uranium Corp. Shift holds significant mineral claims in Colorado.
Lavras Gold Corp. PDAC Presentations March 4 & 5, & Investors Exchange Booth #2831 at the Metro Toronto Convention Centre
Lavras Gold Corp. will showcase core samples from its Fazenda do Posto and Butiá deposits at the PDAC conference in March 2025, offering presentations on the LDS Project. Senior management will be available for discussions at Booth #2831.
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