Mining News Releases & Company Updates - Page 78
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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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Antler Gold Secures Shareholder and Regulatory Approvals for Amended Erongo Gold Project Agreement
Antler Gold Inc. has secured shareholder and TSX Venture Exchange approval for an agreement with Fortress Asset Management regarding the Erongo Central Gold Project in Namibia. The deal allows Antler to transfer 80% ownership to Fortress for cash and shares, enhancing financial flexibility.
Colibri Reports: Six Holes Completed at the Pilar Gold & Silver Project in Sonora Mexico
Colibri Resource Corporation updates shareholders on its 1,250 metre diamond drilling program at the El Pilar Gold & Silver Project in Mexico. Six holes have been drilled, with results pending. The company aims to enhance its geological model and work towards a Maiden Resource Estimate.
Canadian Critical Minerals Generates USD$167,000 in Revenue from Bull River Mine
Canadian Critical Minerals Inc. reported December 2024 revenues from shipping 424 dmt of mineralized material from the Bull River Mine, generating $167,000. Winter conditions impacted throughput, but grades for copper, gold, and silver were the highest achieved.
Riverside Resources Announces Spin-Out of Ontario Gold Projects into New Company, Blue Jay Gold Corp, for Existing Shareholders
Riverside Resources Inc. has announced a definitive agreement to spin out its Ontario Gold Projects to shareholders via its subsidiary, Blue Jay Gold Corp. Shareholders will receive shares in both companies, allowing Riverside to focus on diverse projects while Blue Jay develops the gold projects.
Myriad Uranium Announces Resignation of Director
Myriad Uranium Corp. announces Ian Archbold's resignation from its board due to a new role. The company, focused on uranium exploration in Wyoming's Copper Mountain, highlights promising recent drill results that enhance the project's potential.
North Peak intersects 42.7m (140ft) @ 2.1 g/t Au including 4.6m (15ft) @ 6.7 g/t Au and 6.1m (20ft) @ 5.8 g/t Au; Further drilling confirms continuous mineralization between Wabash and Williams trends at Prospect Mountain
North Peak Resources Ltd. reports final assay results from its 2024 drilling at the Prospect Mountain Property in Nevada, highlighting significant gold intersections, particularly in the Williams mine area. The results indicate potential for bulk tonnage low-grade gold around high-grade zones.
Scottie Resources Reports Intercepts of 7.0 g/t Gold over 14.40 m and 14.66 g/t Gold over 4.00 m at Blueberry Contact Zone
Scottie Resources Corp. reported final assays from its 2024 drilling campaign at the Scottie Gold Mine Project, revealing high-grade gold intercepts and the discovery of the Wolf Zone. The results will contribute to the company's maiden resource estimate.
Orecap: Kerr Addison Tailings Evaluation Announced, Unlocking Value from Legacy Assets
Orecap plans to assess and reprocess ~36 million tonnes of tailings from the historic Kerr-Addison Mine in Ontario, aiming to recover residual metals and explore economic and environmental benefits in line with new mining regulations.
American Eagle Announces Exercise of All Outstanding 2025 Warrants
American Eagle Gold Corp. announces the completion of 2025 warrant exercises, leaving only 470,000 finder's warrants. The company expresses gratitude to shareholders and aims to strengthen its capital structure while preparing for further exploration of the NAK Project in 2025.
Pelangio Exploration Commences Exploration Follow Up Testing of Targets from UAV Magnetics Survey at Obuasi, Ghana
Pelangio Exploration Inc. has initiated a geochemical pitting program at its Obuasi property following a UAV magnetics survey, aiming to explore a 2.5 km target area with minimal prior testing. This work supports a technical study by TuNya Mineral Resources Ltd. to enhance gold exploration.
Centurion Minerals Ltd. Provides Status Report of Annual Financial Statements and MD&A
Centurion Minerals Ltd. reports a bi-weekly update regarding a management cease trade order (MCTO) due to delayed financial filings for the year ending July 31, 2024. The MCTO restricts key executives from trading until filings are completed. An extension has been granted to address these delays.
Minas Metals Announces Asset Purchase Agreements
Minas Metals Ltd. has signed agreements to acquire $2 million in cryptocurrencies (Solana, Cardano, ai16z) for 13.5 million common shares, pending CSE approval. This move, part of a rebranding to focus on the Solana ecosystem, aims to strengthen its position in the digital asset market.
Silver Elephant Increases Non-Brokered Private Placement to $420,000 and Closes First Tranche for $330,000
Silver Elephant Mining Corp. has increased its private placement to 2,800,000 units, raising $420,000 at $0.15 each. The first tranche has closed with $330,000 raised. Proceeds will fund general corporate purposes, subject to a four-month hold.
K2 Gold Warrant Extension
K2 Gold Corporation plans to extend the expiry dates of two sets of warrants to October 1, 2025, originally set to expire in February 2025. The company is involved in gold exploration projects in the USA and Yukon, with notable drilling results from the Mojave Project.
Vortex Metals Announces Extension of Non-Brokered Private Placement
Vortex Metals Inc. has received an extension until February 26, 2025, to complete the second tranche of a non-brokered private placement at $0.08 per unit. Proceeds will fund exploration at the Illapel Copper Project in Chile and general working capital.
Omai Gold Mines Corp. Announces $15 Million Bought Deal Private Placement of Common Shares
Omai Gold Mines Corp. has announced a "bought deal" private placement of 50 million shares at $0.30 each, aiming to raise $15 million for exploration and working capital. The offering is set to close around February 13, 2025, pending necessary approvals.
Boart Longyear Acquires Naming Rights to North Bay Memorial Gardens Arena
Boart Longyear has acquired naming rights to North Bay's sports arena, now called Boart Longyear Memorial Gardens, following approval from the City Council. The company, which has a long-standing presence in the community, aims to support local events and the North Bay Battalion Hockey Club.
Thor Announces Correction - Exercise of Share Options
Thor Explorations Ltd. corrected its previous announcement regarding share options, stating that 790,000 shares were exercised, not 700,000. The additional 90,000 shares will be admitted to trading on AIM and TSX Venture Exchange on January 31, 2025.
Cumberland Resources Nickel Corp. Changes Name to Global Defence Metals Corp.
Global Defence Metals Corp. announces its name change from Cumberland Resources Nickel Corp. and symbol change from LAND to MONI, effective January 29, 2025. The release includes forward-looking statements with associated risks and uncertainties.
Snow Lake Energy Announces Closing of US$16 Million Offering
Snow Lake Resources Ltd. has closed a public offering of 16 million shares at $1.00 each, raising $16 million for working capital and corporate purposes. The offering was managed by ThinkEquity and is part of an effective SEC registration.
Nexus Announces Option Agreement and Issuance of Shares for Debt
Nexus Uranium Corp. has entered an option agreement with River Road Resources for River Road to earn up to 100% interest in the Stobart project in British Columbia. The agreement includes financial and share issuance conditions. Additionally, Nexus plans to issue shares as payment for an advisory fee.
Indigo Encounters More than 160 Uranium Intercepts from Phase 1 Drilling on Shirley Basin Project, Wyoming
Indigo Exploration Inc. announced successful drill results from its uranium project in Wyoming, with over 90% of holes encountering uranium. The Phase 1 program recorded 165 uranium intercepts across 48 holes, indicating significant mineralization in the area.
Thunder Mountain Gold Inc. Restarts Technical Work on South Mountain
Thunder Mountain Gold is updating the Mineral Resource Estimate (MRE) and planning a Preliminary Economic Assessment (PEA) for its South Mountain Mine in Idaho. The project aims to enhance understanding of mineralization and evaluate economic feasibility, supported by new funding and technical studies.
Spanish Mountain Gold Lists on the OTCQB Venture Market
Spanish Mountain Gold Ltd. announces its stock will trade on the OTCQB under the symbol "SPAZF," enhancing visibility for U.S. investors. The company plans a 2025 drill program and aims for a construction decision for its gold project by 2027.
Jean-Pierre Colin Joins US Copper as Corporate Advisor
US Copper Corp has appointed Jean-Pierre Colin as a corporate advisor to help secure a joint venture partner for its Moonlight-Superior Project in California. Colin brings over 40 years of experience in mining finance and M&A, supporting the project's advancement to production.
1844 Resources Announces Extension of Option Agreement with Nickel North
1844 RESOURCES Inc. has amended its option agreement with Nickel North for the Hawk Ridge nickel/copper project, extending the deadline to February 28, 2025. The company is also pursuing a non-brokered private placement for up to $700,000, subject to exchange approval.
Pacific Ridge Raising $2.4M to Explore Portfolio of U.S. Copper and Gold Projects
Pacific Ridge Exploration Ltd. plans to raise $2.4M to explore new copper and gold projects in the U.S. The company will issue up to 15 million units at $0.16 each, with attached warrants. The projects are in mining-friendly states and ready for drilling.
Nickel 28 Provides Corporate Update
Nickel 28 Capital Corp. appointed Cindy Davis as Chief Financial Officer, succeeding Craig Lennon, who became President & CEO. Davis has over 15 years of experience in financial services. The company also granted 1,050,000 stock options to Lennon as part of his compensation.
Thunder Gold Closes $1,250,000 Over-Subscribed Non-Brokered Private Placement
Thunder Gold Corp has completed a non-brokered private placement, raising $1.25 million by issuing 20.83 million units at $0.06 each. Proceeds will support working capital and advance the Tower Mountain Gold Property, pending TSXV approval.
Infinitum Announces Change of Directors
Infinitum Copper Corp. has appointed Mr. Manni Buttar to its board of directors. A Chartered Professional Accountant with expertise in business development, he will support the company's projects, including La Adelita in Mexico and Hot Breccia in Arizona.
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