Mining News Releases & Company Updates - Page 76
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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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Max Iron Brazil Ltd Has Received In-Principle Advice on Suitability from the ASX to Advance Plans for Admission to the Official List of the ASX
MAX Resource Corp. announces that its subsidiary, Max Brazil, has received advice from ASX to pursue listing on the Australian Securities Exchange. Max Brazil plans a Pre-IPO private placement and an initial public offering to raise up to AUD$10 million, potentially reducing MAX's ownership below 50%.
Lavras Announces Upsize of Best Efforts Public Offering to C$13 Million
Lavras Gold Corp. announced an agreement to increase its public offering to 5,930,000 common shares at C$2.20 each, aiming for gross proceeds of C$13,046,000. A prospectus supplement will be filed on February 3, 2025, with options for over-allotments.
Phenom Announces up to $1,350,000 Private Placement Financing
Phenom Resources Corp. plans a non-brokered private placement to raise up to $1.35 million by offering 5.4 million units at $0.25 each, including warrants. Proceeds will fund exploration projects and working capital, subject to regulatory approvals.
Ridgeline Minerals Announces Upsized Non-Brokered Private Placement up to $4,200,000
Ridgeline Minerals Corp. has increased its non-brokered private placement to 28 million units at $0.15 each, raising up to $4.2 million for exploration and working capital. Directors may participate, exempt from certain regulations. A finder's fee may apply.
Bear Creek Mining Announces Q4 2024 and Full Year Mercedes Mine Production Results
Bear Creek Mining Corporation reported a decrease in gold and silver production from the Mercedes Mine in Q4 2024, producing 7,937 ounces of gold and 55,803 ounces of silver. The decline is attributed to transitioning mining methods, equipment delays, and ground condition issues.
Sabre Gold Announces Update on Closing of the Transaction with Minera Alamos
Sabre Gold Mines Corp. is set to finalize its acquisition by Minera Alamos, with a share exchange rate of 0.693. A delay has pushed the closing date to approximately February 5, 2025, following the receipt of a Final Order from the Ontario Superior Court.
Radio Fuels Shareholders Approve Arrangement with Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. will acquire Radio Fuels Energy Corp. following shareholder approval of the transaction, where each Radio Fuels share will be exchanged for Palisades shares. The Arrangement is pending court and regulatory approvals, expected to finalize shortly.
Corcel Exploration Inc. Announce Director Changes
Corcel Exploration Inc. announced Jon Ward's appointment to the Board of Directors, replacing Patrick Morton. Ward has extensive experience in investor relations and corporate strategy. The company focuses on mineral exploration in North America and holds several project interests.
Lavras Gold Announces $10 Million Best Efforts Public Offering
Lavras Gold Corp. is conducting a public offering of 4,546,000 common shares at C$2.20 each to raise C$10,001,200, with proceeds for mineral exploration and working capital. The Base Shelf Prospectus is available, and a Prospectus Supplement will follow shortly.
Besra Gold Announces December 2024 Quarterly Activities Report
Besra Gold Inc. has released its December 2024 Quarterly Activities Report, detailing performance for the six months ending December 31, 2024. For more information, visit their website or follow the provided links for the full announcement.
Silver Elephant Increases Non-Brokered Private Placement to $465,000
Silver Elephant Mining Corp. has increased its private placement to 3,100,000 units, raising $465,000 at $0.15 per unit, pending Toronto Stock Exchange approval. Each unit includes a common share and a warrant. The company focuses on mineral exploration in Bolivia.
Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan
Forum Energy Metals Corp. and Global Uranium Corp. have completed reprocessing of historical EM data to enhance targeting for a winter 2025 drill program at the Northwest Athabasca Project in Saskatchewan, aiming to optimize exploration and identify high-potential uranium areas.
Argo Expands Mineral Claim Position in the Rottenstone Belt, Saskatchewan
Argo Gold Inc. has acquired 4,608 hectares of mineral claims in Saskatchewan's Rottenstone Belt, increasing its total to 26,600 hectares. Recent high-grade gold findings and historic data suggest potential for further exploration of gold, copper, and other metals in the area.
Blackrock Silver Announces Closing of $13.8 Million Bought Deal Public Offering; Overallotment Option Exercised in Full
Blackrock Silver Corp. closed a bought deal public offering of 38,334,100 units at $0.36 each, raising $13.8 million. The funds will support the Tonopah West project, including resource expansion and environmental studies, with a resource update anticipated in Q3 2024.
Thor Explorations Announces Board Change
Thor Explorations Ltd. announces the appointment of Franklin Edochie to its Board of Directors, replacing Osam Iyahen. Edochie brings 18 years of experience in the mining sector. The appointment is pending regulatory approval.
Indigo Exploration Inc. Announces Share Consolidation and Financing
Indigo Exploration Inc. plans a 2-for-1 share consolidation pending TSX-V approval to enhance financing flexibility and market perception. Post-consolidation, shares will reduce to approximately 32.9 million. The company will also conduct a private placement for up to $1.2 million.
Aftermath Silver Reports Near Surface High Grade Silver and Copper Results
Aftermath Silver Ltd. announced positive assay results from 22 holes of its Phase 2 drill program at the Berenguela project in Peru, highlighting significant silver, copper, and manganese intersections. The results aim to upgrade resources and explore new areas of mineralization.
Lion One Drills 6.7 m of 25.45 g/t Gold in Zone 2 at Tuvatu Gold Mine in Fiji
Lion One Metals Limited announced high-grade gold results from 3,791.3 meters of underground drilling at its Tuvatu Alkaline Gold Project in Fiji, focusing on two mineralized systems. Results include multiple bonanza grades, indicating potential mine plan integration soon.
Geologica Discovers Copper Showing at Topley
Geologica Resource Corp. announces the discovery of the Ruby copper showing at the Topley property in British Columbia, with significant copper, silver, lead, and zinc assays. The company has staked additional claims, expanding the total area to 4,402 Ha.
Medaro Mining Provides Corporate Update
Medaro Mining Corp. is suspending its lithium exploration and technology development in 2025 due to capital constraints and unfavorable market conditions. The company plans to seek strategic partners for its lithium projects and will explore other opportunities while monitoring the lithium market.
QIMC Announces Strategic Partnership with Q Precious & Battery Metals Corp for the Matane Hydrogen Project
Quebec Innovative Materials Corp. (QIMC) has formed a strategic partnership with Q Precious & Battery Metals Corp. (QMET) to advance the renewable hydrogen sector in Quebec. QIMC will receive shares and royalties, enhancing its role in the clean hydrogen industry.
Volta Renames Its Main Project as "Aki Project"
Volta Metals Ltd. announced the renaming of its projects to the Aki Project, honoring Anishinaabe culture, and plans to drill the high-grade Dempster East pegmatite. The company is seeking to raise up to $1,000,000 through a non-brokered private placement.
Kenorland Commences 2025 Winter Drill Program at the Frotet Project, Quebec
Kenorland Minerals Ltd. has initiated its 2025 winter exploration program at the Frotet Project in Quebec, focusing on 23,000m of diamond drilling at the Regnault gold system. The program aims to enhance understanding of vein geometry and continuity, following a successful summer drill campaign.
Kuya Silver Intersects Multiple >1,000 g/t Silver-Cobalt Veins in Wide Mineralized Zone At Campbell-Crawford Target, Silver Kings Project, Ontario, Canada
Kuya Silver Corporation reports promising drilling results from its 2024 program at the Silver Kings Project in Ontario, revealing high-grade silver-cobalt mineralization along the Angus-McNamara Vein System, with significant intersections enhancing known resources.
Drilling Progressing to Plan at Adyton's Fergusson Wapolu Project
Adyton Resources Corporation updates on its Wapolu Gold Project in Papua New Guinea, where drilling is progressing well with 15 holes completed. The company aims to establish mining viability, finalize permits, and relocate rigs to the Gameta Gold Project. First assay results expected in March 2025.
Snow Lake Energy Well-Funded to Advance Its Portfolio of Clean Energy Projects and Explore Nuclear Energy Opportunities
Snow Lake Resources Ltd. is set to advance its uranium and lithium projects amid a U.S. national energy emergency declaration. CEO Frank Wheatley emphasizes nuclear power's role in addressing energy demands and plans to pursue strategic opportunities in clean energy.
Magna Mining Provides Update on Acquisition of Properties from KGHM International Ltd.
Magna Mining Inc. is progressing towards finalizing its acquisition of base metals assets in the Sudbury Basin from KGHM, aiming to close the deal by February 2025. The company focuses on nickel, copper, and PGM projects, with key assets being the Shakespeare and Crean Hill Mines.
Heliostar Delivers Strong Shallow Oxide Gold Hits at the La Colorada Mine, Sonora, Mexico
Heliostar Metals Ltd. reports strong gold drilling results at La Colorada Mine, highlighting high-grade intercepts that suggest potential for underground mining. The ongoing 12,500-meter drill program aims to expand reserves ahead of a mid-2025 feasibility study and expansion decision.
Fieldwork Extends Gold Rock Camp Mineralized Trend with Surface Rock Samples grading up to 24.20 g/t gold
Dryden Gold Corp. announces successful results from its 2024 sampling campaign at Gold Rock Camp, confirming a two-kilometer extension of a mineralized trend. Six samples exceeded 5 g/t gold, prompting plans for further exploration and drilling at Mud Lake and beyond.
Copper Fox Announces 2025 Schaft Creek Program
Copper Fox Metals Inc. outlines its 2025 program for the Schaft Creek project in BC, aiming to transition from Scoping to Preliminary Feasibility Study stage. The program includes technical reviews, environmental data collection, and a C$15.8 million budget shared with Teck. Pre-production costs have exceeded C$60 million.
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