Mining News Releases & Company Updates - Page 67
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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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RETRANSMISSION: Spearmint Acquires the Sisson North Tungsten Project
Spearmint Resources Inc. has acquired the Sisson North Tungsten Project in New Brunswick, highlighting the growing demand for domestically sourced tungsten amid tariff issues with China. The company also emphasizes its lithium holdings, anticipating increased market interest in 2025.
Sienna Resources Receives Drill Permit on the "Case Lake West Cesium and Spodumene Pegmatite Project" in Ontario Bordering Power Metals Corp.'s Cesium deposit
Sienna Resources Inc. has received a drill permit for its Case Lake West Cesium and Spodumene Pegmatite Project in Ontario, a key region for cesium. The company plans to start drilling soon, excited about potential discoveries amid a strong junior market.
Quimbaya Gold Closes Third Tranche and Upsizes Private Placement to $3 Million
Quimbaya Gold Inc. has completed a third tranche of a non-brokered private placement, raising $940,740 by issuing 3,135,800 units at $0.30 each. Due to strong demand, the placement is increased to $3 million. Funds will support exploration and working capital.
Besra Gold Inc. Announces Board Changes
Besra Gold Inc. announced that Mr. Dato' Lim Khong Soon has stepped down as Chair, with Mr. Jon Morda appointed as interim Non-Executive Chair. The board now includes Morda, Chang Loong Lee, Khong Soon, and Michael Higginson.
Benz Exercises Option over Strategic Ground Along Strike from the Glenburgh Gold Project
Benz Mining Corp. has acquired tenements near the Glenburgh Gold Project, expanding the area to ~898km² and adding potential strike extensions for gold mineralization. The company is pursuing further exploration, with initial drilling results expected soon.
Ridgeline Minerals Closes $4.1 Million Private Placement
Ridgeline Minerals Corp. closed a non-brokered private placement, raising CAD 4.13 million by issuing 27.56 million units at CAD 0.15 each. Proceeds will fund exploration in Nevada and working capital. Insiders participated, complying with related party transaction regulations.
B2Gold Increases Investment in Founders Metals
Founders Metals Inc. announces B2Gold Corp. has increased its investment by acquiring 484,239 shares at C$5.30 each, raising ~C$2.57 million. Combined with a prior offering, total funds could reach ~C$37 million, giving B2Gold a 5% ownership stake.
West Point Gold Announces Stock Option Grant
West Point Gold announced the grant of 450,000 stock options to directors and consultants at an exercise price of $0.33, effective immediately. A correction was issued regarding a previous press release date. The company focuses on gold projects in Nevada and Arizona.
Phenom Closes $1,619,500 First Tranche of Private Placement Financing
Phenom Resources Corp. has completed the first tranche of a non-brokered private placement, issuing 6,478,000 units at $0.25 each, raising $1,619,500. Each unit includes one share and a warrant. A second tranche is expected by February 26, 2026.
Colibri Announces Closing of First Tranche of Its Non-Brokered Private Placement
Colibri Resource Corporation has closed a first tranche of its non-brokered private placement, raising $140,400 by issuing 5,616,000 units at $0.025 each. Proceeds will fund exploration and repay creditors. The offering is subject to TSX Venture Exchange acceptance.
Omai Gold Mines Corp. Announces Closing of $25.3 Million Bought Deal Private Placement of Common Shares
Omai Gold Mines Corp. announced the closure of a private placement offering, raising $25.3 million by selling 84.3 million shares at $0.30 each. The offering involved co-lead underwriters and included related party transactions, with exemptions from certain regulatory requirements.
Snow Lake Accelerates Uranium Strategy with Successful Phase 1 Results and Upcoming Phase 2 Drill Program
Snow Lake Resources Ltd. announces successful completion of Phase 1 drilling at Engo Valley Uranium Project, confirming significant uranium mineralization. They plan a Phase 2 campaign to estimate uranium resources, driven by rising demand for nuclear energy.
Canuc Resources Corp. Announces Arrangement Agreement to Acquire Macdonald Mines Exploration Inc.
Canuc Resources Corporation will acquire Macdonald Mines Exploration Inc. through a definitive arrangement agreement, involving a share exchange. Canuc will issue 72 million shares to Macdonald shareholders, who will then hold about 30% of Canuc's shares post-transaction.
SRC Begins Sales from Third Quarry in Brazil
Stakeholder Gold Corp. announces the first sales from its new quartzite quarry in Minas Gerais, Brazil. The quarry produces white quartzite blocks for overseas clients, with sales starting next week. Production ramp-up is ongoing after initial delays.
Minaurum Drills Exceptional High-Grade Intercepts at Alamos Silver Project, Including 3.00 m of 3,152 g/t Silver
Minaurum Gold Inc. announces strong silver mineralization results from its Alamos Silver Project in Sonora, Mexico, highlighting high-grade intercepts from the Promontorio vein zone. The company aims to establish a maiden resource and address assay delays.
Sonoran Desert Copper Corporation 2024 Compilation Work Results on the Cuatro Hermanos Copper Project
Sonoran Desert Copper Corporation announced the completion of geophysical data compilation for the Cuatro Hermanos Project, identifying potential copper and molybdenum mineralization. The analysis highlights deep shear zones and IP anomalies, supporting further drilling efforts.
Golden Spike Announces Gregory River Drilling Results
Golden Spike Resources Corp. announced final assay results from its 2024 drilling program at the Gregory River VMS property in Newfoundland, showing significant copper and gold grades across multiple target areas, including Steep Brook, Lode 9, and the Vein Zone.
Decade Acquires Antimony Claim
Decade Resources Ltd staked 1742 ha in British Columbia's Golden Triangle, targeting antimony (stibnite) mineralization in a previously dropped claim. The area features significant quartz-stibnite veins, with past samples showing high antimony and arsenic levels.
ESGold Corp. Launches New Website to Reflect Growth and Strategic Vision
ESGold Corp. has launched a redesigned website to reflect its progress towards gold and silver production and expanded exploration at the Montauban Project. The site enhances user experience and emphasizes the company's commitment to sustainable mining and transparency.
Pacific Empire Outlines 2025 Exploration Plans and Permitting for Trident
Pacific Empire Minerals Corp. plans a 2025 exploration program for its Trident Copper-Gold Property, including a 3-5 hole diamond drilling program and a multi-year exploration permit application for 20 drill holes and geophysical surveys, addressing road construction issues.
African Energy Metals Amends Private Placement and Provides an Update
African Energy Metals Inc. updates on its amended private placement and progress in acquiring the Niñobamba silver-gold project in Peru. The company has appointed advisors Michael Townsend and Jeffrey J. Reeder to leverage their extensive experience for project success.
Benton Expands Great Burnt Main Zone to 950 m Down Plunge and Tests Numerous Other Targets
Benton Resources Inc. announces successful expansion of the Great Burnt Main Zone (GBMZ) in Thunder Bay, Ontario, confirming significant copper mineralization through recent drilling. The ongoing drill program targets new areas, indicating strong mineralization potential.
Cosa Commences Core Drilling at the Murphy Lake North Uranium Project, Athabasca Basin, Saskatchewan
Cosa Resources Corp. has begun core drilling at the Murphy Lake North Uranium Project in Saskatchewan, a joint venture with Denison Mines. This marks the first drilling since 2005, aiming to explore geological extensions of the nearby Hurricane deposit and evaluate historical uranium mineralization.
Cabral Gold Provides Update for Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. is progressing at the Cuiú Cuiú gold district in Brazil, operating two drill rigs to upgrade resources and explore new targets. Ausenco Brazil is contracted to update the PFS, focusing on cost reduction and capacity increase, with ongoing financing discussions. John Sestan has been appointed to oversee project development.
Zincore, to be Renamed Golden Cross Resources, Provides Update on Acquisition of Reedy Creek and Providence Gold Project and Concurrent Financing
Zincore Metals Inc. is updating its acquisition of the Reedy Creek and Providence gold projects from Great Pacific Gold Corp. The projects cover 445km² in Victoria, Australia, showing potential for gold mineralization. A private placement is planned to finance the acquisition.
Maritime Drills 24.1 gpt Gold over 3.0 Metres at Its Hammerdown Gold Project
Maritime Resources Corp. announced positive drill results from the Hammerdown Gold Project, revealing high gold grades, including 24.1 gpt over 3.0 metres. The results support upcoming open pit mining plans and indicate significant gold presence in backfilled stopes.
First Majestic Announces 2025 Production and Cost Guidance and Announces Conference Call Details
First Majestic Silver Corp. announces its 2025 production and cost guidance for its four Mexican mines, expecting 27.8 to 31.2 million silver equivalent ounces, with a conference call scheduled for February 20, 2025, to discuss 2024 results and 2025 plans.
West Point Gold Corp. Engages ICP Securities Inc. for Automated Market Making Services
West Point Gold has engaged ICP Securities Inc. for automated market making services, effective February 12, 2024, for four months at C$7,500 monthly. The agreement includes no performance factors, and ICP will manage its own costs in share transactions.
Canter Engages Sunstone Environmental Solutions to Finalize Amended Notice of Intent Submission with Bureau of Land Management
Canter Resources Corp. has hired Sunstone Environmental Solutions to amend its Notice of Intent for the Columbus Lithium-Boron Project, adding new drill sites identified through 3D modeling. This move aims to ensure regulatory compliance and enhance exploration efforts.
Heliostar Fully Repays Acquisition Loan Within 3 Months.
Heliostar Metals Ltd. has repaid a US$5M loan from Deans Knight Capital Management used for acquiring gold assets in Mexico. CEO Charles Funk highlights this repayment as a milestone, allowing future profits to be reinvested into growth and resource expansion.
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