Mining News Releases & Company Updates - Page 63
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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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Nicola Mining Drills 53.0 Metres of over 1.0% Copper and Confirms near Surface Copper in MARB / CAS Zones
Nicola Mining Inc. has completed a successful 2024 drilling program at the New Craigmont Copper Project, totaling 4874m across 14 holes, revealing significant copper mineralization. Initial findings suggest a porphyry system, with further analysis needed for potential development.
Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery
Founders Metals Inc. reports a significant gold discovery at its Antino Gold Project in Suriname, with the first drill hole at Van Gogh yielding 28.5 meters of 7.12 g/t gold. This discovery supports the company's exploration strategy and suggests potential for more finds across the property.
LithiumBank Announces 30% Increase in Overall Lithium Resources at Boardwalk Brine Project, Including 5,195,000 Tonnes LCE Measured and Indicated Resources at 81.6 mg/L Lithium
LithiumBank Resources Corp. announced an updated NI 43-101 lithium-brine resource estimate for its Boardwalk project in Alberta, showing a 30% increase in overall resources and an 18% increase in lithium grade, totaling 5,195,000 tonnes of measured and indicated LCE.
TNR Gold NSR Royalty Update - Ganfeng's Mariana Lithium Officially Commenced Production
TNR Gold Corp. announced that Ganfeng Lithium has begun formal production at the Mariana Lithium Project in Argentina. TNR holds a 1.5% NSR royalty on this project, which has 8.1 million tons of lithium resources and aims to enhance profitability and competitiveness.
Founders Metals Closes C$32.5 Million Bought Deal Financing
Founders Metals Inc. closed a bought deal private placement, raising C$32.5 million by issuing 6.1 million common shares at C$5.30 each. Proceeds will fund exploration of the Antino Gold Project. The offering was led by BMO Capital Markets and is pending TSX Venture Exchange approval.
Bold Ventures Announces PDAC 2025 Booth and Plans for Winter Exploration
Bold Ventures Inc. will exhibit at the PDAC convention from March 2-5, showcasing their gold and copper projects, including a notable high-grade gold discovery at the Burchell Project. The company also plans winter exploration on Burchell and Traxxin properties.
Sanu Gold Rapidly Launches Drilling Programme on Its Daina Permit to Follow-up on High-Grade Intercepts Recently Published
Sanu Gold Corporation has launched a follow-up drilling campaign at its Daina gold exploration permit in Guinea, aiming to further investigate high-grade gold mineralization. The program includes approximately 5,000 meters of drilling across 50-60 holes to confirm continuity and explore additional targets.
Aurania Reports Initial Findings From IP Survey at Kuri-Yawi
Aurania Resources Ltd. reports valuable findings from an induced polarization survey at the Kuri-Yawi gold target in Ecuador, aiding future drilling location decisions. The survey revealed conductive anomalies and signs of an extinct geothermal system.
Denarius Metals Announces Update on Its Previously Announced Private Placement; Increases Offering up to CA$15,008,000
Denarius Metals Corp. announced a best efforts private placement to raise up to CA$15 million by selling Units at CA$0.56 each, with warrants for additional shares. The offering will close by March 12, 2025, and is aimed at various investor exemptions in Canada.
Libra Expands Kobold Metals Earn-In and Provides Update on RTO Transaction
Libra Lithium Corp. announces an expanded agreement with KoBold Metals for lithium exploration in Ontario and an extension of the merger agreement with PowerStone Metals Corp. to June 30, 2025, allowing more time to explore M&A opportunities in the critical metals sector.
First Majestic Announces Record Free Cash Flow for Q4 2024, FY 2024 Financial Results and Quarterly Dividend Payment
First Majestic Silver Corp. announced its Q4 2024 financial results, highlighting record free cash flow of $68.4 million, a 19% increase in cash position, and an 18% rise in revenue to $172.3 million, driven by higher silver production and prices, and reduced costs.
Delta Resources Provides an Update for Its 2025 Winter Drill Program at the Delta-1 Gold Property
Delta Resources Limited is updating on its 10,000-metre drilling program at the Delta-1 Property near Thunder Bay, Ontario, aimed at expanding gold inventory. The program is ongoing, with significant findings so far, and the company will also participate in upcoming investor forums.
Nickel 28 Announces Ramu Nickel-Cobalt Mine Returns to Full Production Capacity
Nickel 28 Capital Corp. announced the resumption of full production at the Ramu Nickel-Cobalt Mine's HPAL plant after resolving a mechanical issue. The company projects 2025 production of approximately 32,000 Mt of nickel and 2,900 Mt of cobalt.
Amex Hunts for More High-Grade Gold at Perron - Outlines 2025 Expansion and Regional Drill Programs
Amex Exploration Inc. announced a fully funded 2025 drill program for its Perron Project in Quebec, aiming to expand known gold zones and explore new targets. The program focuses on discovering new gold structures and enhancing existing resources.
Hercules Intersects 171m of 0.64% CuEq within 354m of 0.47% CuEq and Reveals Upcoming Drill Targets
Hercules Metals Corp. announced significant drilling results at its Hercules Property in Idaho, with drill hole HER-24-21 intersecting 354m of 0.47% CuEq, including 171m of 0.64% CuEq. New geological mapping indicates potential for higher grades in iron-rich volcanics and limestones.
Unigold Announces Closing of Non-Brokered Private Placement of $293,150
Unigold Inc. has completed a non-brokered private placement of 3,664,374 units at $0.08 each, raising $293,150 for development in the Dominican Republic and general working capital. The offering is subject to TSX Venture Exchange acceptance and has a four-month hold period.
Aero Announces Winter Drill Targets at the Murmac Uranium Project
Aero Energy Limited has identified high-priority drill targets for its Winter 2025 program at the Murmac Uranium Project in Saskatchewan, based on a radon-in-water survey. The targets are aligned with previous uranium drill intersections and EM conductors. Drilling is set to start in March 2025.
Midnight Sun Named as a Top 50 Performer on TSX Venture
Midnight Sun Mining Corp. has been recognized in the 2024 TSX Venture 50 list for its strong performance, driven by significant share price appreciation and market capitalization growth. The company plans to continue exploring its Solwezi Copper Project in Zambia for future developments.
Drills Wide Intervals Within the High Grade Panel and Hits Satellite Zones at Ana Paula, Mexico
Heliostar Metals Ltd. reports strong drilling results from its Ana Paula project in Mexico, revealing high-grade gold intervals, including 161m at 4.26 g/t and satellite zones with 5.10 g/t. The company plans further drilling to expand and upgrade resources.
Blackrock Silver Drills 5.21m of 563 g/t AgEq (Including 0.73m of 3,462 g/t AgEq and Reports Multiple +1 kg/t AgEq Intercepts at Tonopah West
Blackrock Silver Corp. reports successful M&I Conversion Drilling at Tonopah West, confirming high-grade gold and silver continuity in the Bermuda-Merten vein group. Recent drill results show significant grades, with ongoing drilling to convert inferred resources to measured and indicated.
GoviEx Progresses Muntanga Project Financing with Appointment of Endeavour Financial
GoviEx Uranium Inc. has appointed Endeavour Financial as a financial advisor to secure project financing for its Muntanga uranium project in Zambia, aiming for production by 2028. The project has strong economic metrics and potential for expansion amid rising uranium demand.
Red Metal Resources Planning 2025 Work Program on 100% Owned Hydrogen-Prospective Mineral Claim Package Spanning Quebec and Ontario
Red Metal Resources Ltd. is launching a Phase 1 work program for its 100% owned mineral claims in Quebec and Ontario, covering 172 claims over 4,546 hectares. The claims are near a recent hydrogen discovery and have potential for copper, lead, and other minerals.
Forge Resources Closes Acquisition of 60% Interest in Aion Mining Corp, Fully Permitted Coal Project
Forge Resources Corp. has completed the acquisition of a 60% stake in Aion Mining Corp. for $5.3 million, consisting of cash and shares. This move aims to advance the La Estrella project and includes a four-year right of first refusal for additional shares.
StrategX Discovers High-Grade Copper at East Arm, Great Slave Lake, Northwest Territories, Canada
StrategX Elements Corp. announced the discovery of high-grade copper mineralization at its East Arm Copper Project in British Columbia, with values up to 10.1% Cu. The company has staked an additional 6,425 hectares to expand exploration efforts along a promising 2-km mineralization trend.
Equinox Gold Reports Record Results for 2024 with 623,579 Ounces of Gold Sold, Revenue of $1.5 Billion and Operating Cash Flow of $430 Million
Equinox Gold Corp. announced its preliminary financial results for Q4 and FY 2024, reporting record gold production of 621,893 ounces. The company anticipates producing 635,000 to 750,000 ounces in 2025, contingent on final agreements with local communities at Los Filos Mine.
York Harbour Closes Private Placement of Units
York Harbour Metals Inc. announced the closing of a non-brokered private placement financing of 6 million units at $0.05 each, raising $300,000 for working capital. CEO Blair Naughty's investment increased his stake from 14.8% to 19.88%.
Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results, Overview of Construction and Exploration Activities
Ivanhoe Mines reported a net profit of $193M and record copper production of 437,061 tonnes in 2024, with $3.11B in revenue. The company is advancing projects in Southern Africa, including the Kipushi mine and Platreef expansions, while completing its copper smelter.
Silver Elephant Closes 2nd and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $135,000
Silver Elephant Mining Corp. has completed a private placement, raising $135,000 by selling 900,000 units at $0.15 each. CEO John Lee subscribed for 400,000 units. The transaction involves a related party and will be reported in accordance with regulatory requirements.
Doubleview Announces Grant of Stock Options
Doubleview Gold Corp. has granted 500,000 stock options to consultants at an exercise price of $0.51, expiring in 2030. The company focuses on mineral exploration and development in North America to enhance shareholder value through strategic acquisitions.
Solis Announces New Copper-Gold Porphyry and IOCG Targets Confirmed at Chocolate Project, Peru
Solis Minerals Limited reports promising rock geochemical assays from the Chocolate Project in Peru, revealing multiple copper-gold targets. Notable grades include 4.92% Cu and 2.47 g/t Au. Drilling permits for priority projects are progressing, indicating strong exploration potential.
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