Mining News Releases & Company Updates - Page 68
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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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Encouraging results expands Kincora Copper and AngloGold Ashanti's First Drilling Program
Kincora's drilling program at the Nyngan porphyry project, in partnership with AngloGold Ashanti, has expanded due to positive early results. Six scout holes totaling 2707m have been completed, revealing signs of mineral potential and setting the stage for further exploration phases.
Auric Minerals Corp. Announces Issuance of Convertible Debentures in the Principal Amount of $650,000, and Provides Corporate Update
Auric Minerals Corp. announced the closing of a $650,000 non-brokered financing, issuing 650 convertible debenture units. The funds will support exploration and asset acquisition. Additionally, 115 debenture units were issued to Cronin Exploration as settlement for previous cash payments.
Spearmint Acquires the Sisson North Tungsten Project
Spearmint Resources Inc. has acquired the 'Sisson North Tungsten Project' in New Brunswick, citing increased demand for tungsten due to U.S. tariffs on Chinese imports. The company believes diversifying into tungsten and lithium will benefit shareholders amid rising market interest.
Makenita Resources Receives German Trading Symbol
Makenita Resources Inc. announced the receipt of German trading symbols, enabling European shareholders to trade shares locally. President Jason Gigliotti emphasized this milestone as part of a strategy to expand Makenita's global presence and attract more European investors.
Defiance Silver Closes Third and Final Tranche of Upsized Private Placement
Defiance Silver Corp. has completed a third tranche of a non-brokered private placement, issuing 4,875,000 units for C$975,000. In total, 16,339,000 units were issued, raising C$3,267,800 for exploration and working capital, with associated finder's fees.
Great Pacific Gold Announces Sale of Golden Mountain Project in Victoria, Australia
Great Pacific Gold Corp. has sold a 100% interest in Exploration Licence 6430 (Golden Mountain Project) to Adelong Gold for AUD $350,000 in cash and shares. This sale supports GPAC's strategy to enhance value and focus on its core assets in Papua New Guinea.
Colibri Update: 1,122 Metres Completed in 10 Holes At The Pilar Gold & Silver Project In Sonora Mexico
Colibri Resource Corporation has drilled 1,122 meters in 10 holes at its El Pilar Gold & Silver Project in Mexico, aiming to enhance mineralization understanding for a resource estimate. Initial results show promising rock characteristics, with sample analysis underway.
Rain City (RAIN) to Ship Direct Lithium Extraction Pilot Plant to Pennsylvania
Rain City Resources Inc. announced an agreement with Avonlea Lithium Corporation and Kendra II to test its ACCELi Direct Lithium Extraction pilot plant in Pennsylvania. The trial aims to demonstrate the technology's effectiveness using brine from the Marcellus Shale.
Great Atlantic's 2024 Trench Rock Samples Return Highly Anomalous Gold and Copper Values at its 100% Owned Golden Promise Gold Property - Central Newfoundland
Great Atlantic Resources Corp. announced that its subsidiary, Golden Promise Mines Inc., received positive analytical results from 2024 rock samples at the Golden Promise Property, with significant gold and copper values found in multiple samples from two trenches.
GoGold Releases Financial Results for Q1 2025 including Record $19.1 Million Revenue at Parral and Announces New Director
GoGold Resources Inc. reported record revenue of $19.1 million for Q4 2024, driven by the sale of 625,972 silver equivalent ounces. The company increased cash by over $4 million, highlighting the success of its SART Zinc circuit and positive cash flow, as it prepares for future projects.
Homerun Resources Inc. Closes Transaction for the Acquisition of the Guidoni Belmonte District Silica Mineral Rights
Homerun Resources Inc. has signed a definitive agreement with Guidoni Brasil S.A. to acquire exploitation rights for a silica sand project in Bahia, Brazil, which is permitted for extraction. The agreement includes a low extraction royalty and payment terms.
Millennial Extends Warrant Term
Millennial Potash Corp. has applied to extend the expiry date of 3,591,500 share purchase warrants from February 28, 2025, to February 28, 2028, while keeping the exercise price at 75 cents. This amendment is a related-party transaction under regulatory guidelines.
Mason Highlights Black Swan Graphene's Successful Closing of a $6M Financing
Mason Resources Inc. announced the completion of Black Swan Graphene's $6M financing following an 8:1 share consolidation. This funding will enhance Black Swan's production capacity and sales efforts, focusing on global commercialization of graphene solutions in various industries.
Transition Metals Secures Dessert Lake, a District-Scale Uranium Play in Northwest Territories, Canada
Transition Metals Corp. has secured exclusive rights to stake mining claims in the Dessert Lake Basin, NWT, covering over 700 km². The area shows potential for uranium deposits similar to the Athabasca Basin, with a focus on advancing this promising project.
Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska
Silver47 Exploration Corp. has discovered significant concentrations of critical metals like antimony, gallium, niobium, and vanadium at their Dry Creek and West Tundra Flats zones, alongside high-grade silver, zinc, gold, and copper. Further assessment of these minerals is planned to enhance project value.
Kenorland Commences 2025 Winter Drill Program at the South Uchi Project, Ontario
Kenorland Minerals Ltd. has launched its first diamond drill program at the South Uchi Project in Ontario, with a budget of $8 million for Winter 2025. The program aims to drill 15,000 meters at the Papaonga target, where significant gold mineralization has been identified.
Black Swan Graphene Announces Closing of $6M Equity Financing
Black Swan Graphene Inc. announces a successful $6 million private placement following an 8:1 share consolidation. The funds will support expansion, production scaling, and sales growth to enhance commercialization of graphene solutions in various industries.
Searchlight Resources Stakes Bonnie Lake Uranium Claims in Saskatchewan
Searchlight Resources Inc. has staked two mineral claims in Northern Saskatchewan's Wollaston Domain, covering 37.3 sq km and including multiple uranium showings. Historical exploration revealed high radioactivity levels, with assays up to 0.183% U3O8.
Ivanhoe Mines Commences Exploration for Sediment-hosted Copper in Central Kazakhstan
Ivanhoe Mines and Pallas Resources formed a joint venture to explore the Chu-Sarysu Copper Basin in Kazakhstan, targeting a 16,000 km² area. Ivanhoe will invest $18.7 million over two years, aiming to leverage its expertise in finding significant copper deposits.
Great Eagle Gold Corp. Announces Definitive Agreement to Acquire Patented Mineral Rights Titles Containing NI 43-101 Inferred Gold Resources
Great Eagle Gold Corp. has entered an agreement to acquire 100% of mineral rights containing 240,100 ounces of gold resources. This acquisition supports their digital mining strategy and aims for NatGold Tokens certification, enhancing their position in sustainable gold investments.
Denarius Metals Announces the Launch of a Non-Brokered Private Placement of Units for up to CA$4,480,000
Denarius Metals Corp. announced a non-brokered private placement of up to 8 million Units at CA$0.56 each, aiming to raise up to CA$4.48 million for projects in Spain. The offering includes common shares and warrants, with insider participation expected. Regulatory approvals are required.
Kodiak Confirms Potential of MPD Northwest Claims and Adds Further Strategic Claims; New Focus Area for 2025
Kodiak Copper Corp. reports initial exploration results from its newly acquired MPD Northwest claims, highlighting the high-grade Ketchan Zone. With 18 mineral occurrences, it adds significant resources for the upcoming mineral estimate, showing strong copper-gold potential.
F3 Encounters Encouraging Geology in Final Drillholes of 2024 Program
F3 Uranium Corp announced positive geological findings from eight drill holes in 2024, focusing on the B1 conductor and A1 extension, with ongoing testing of the Harrison Fault. Geochemistry results from 25 additional holes are pending for 2025 planning.
Forge Resources Formalizes Acquisition of 60% Interest in Aion Mining Corp
Forge Resources Corp. announces an agreement to acquire a 60% interest in Aion Mining Corp. for $5.3 million, consisting of cash and shares. A right of first refusal for future shares is included. The deal is pending necessary approvals.
Ivanhoe Electric Announces Pricing and Upsizing of Public Offering
Ivanhoe Electric Inc. is launching a public offering of 10,256,411 units at $5.85 each, aiming to raise about $60 million for projects including the Santa Cruz Project and general corporate purposes. The offering closes on February 14, 2025.
Myriad Uranium Issues Shares under Option to Acquire 100% of the Red Basin Uranium Project in New Mexico, USA
Myriad Uranium Corp. has issued 612,164 shares to FirstAmerican Energy Fuels under a property option agreement for the Red Basin Uranium Project in New Mexico. The shares are valued at C$250,000 and are subject to a four-month hold. Myriad aims to complete a geophysics survey by January 2026 to secure a 100% interest in the project.
Solis Minerals Announces Mitch Thomas Appointed as Chief Executive Officer and Mike Parker to Transition to Technical Director
Solis Minerals Limited has appointed Mitch Thomas as CEO, bringing extensive experience from Latin Resources and Rio Tinto. Mike Parker will shift to a technical role. The company anticipates a significant drilling campaign in 2025 in southern Peru.
Nexa Reports Fourth Quarter 2024 Exploration Results
Nexa Resources S.A. reports 2024 drilling results, focusing on near-mine expansion and exploration. Total drilling reached 229,148 meters, slightly below target due to operational challenges. Future plans include 13,360 meters of exploration in Peru and Brazil.
Ivanhoe Electric Announces Public Offering of Units
Ivanhoe Electric plans to raise $50 million through an underwritten public offering of Units, each consisting of a share of common stock and a warrant. Proceeds will fund a feasibility study and exploration activities. BMO Capital Markets is the lead manager.
Anteros Initiates Critical Mineral Deposit Modelling at Their Havens Steady VMS Property in Newfoundland
Anteros Metals Inc. has begun 3D modeling at its Havens Steady Property in Newfoundland, which contains a significant lead-zinc-silver ±copper-gold deposit. The project aims to target mineral zone extensions and identify high-grade areas, with further exploration planned for 2025.
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