Mining News Releases & Company Updates - Page 79
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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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Maritime Drills 41.6 gpt Gold over 6.3 Metres Including 127.5 gpt Gold over 2 Metres at Its Hammerdown Gold Project
Maritime Resources Corp. announced promising initial drill results from its Hammerdown Gold Project in Newfoundland, revealing high-grade gold intersections. The results support the project's potential for quick cash flow as preparations for mining and processing advance.
Elemental Altus Notes First Quarter of Production at Korali-Sud
Elemental Altus Royalties Corp. announces Allied Gold Corporation's production of 48,000 ounces from the Korali-Sud mine in Q4 2024, which will generate NSR royalties and milestone payments, contributing to expected record revenue in 2025 and 2026.
GT Resources Samples 8.2% Copper and Identifies BHEM Conductors at the North Rock Copper-Nickel-PGE Project, Ontario, Canada
GT Resources Inc. has identified several Bore Hole ElectroMagnetic conductors at its North Rock copper-nickel-platinum project in Ontario, highlighting opportunities for exploration. The company plans to use modern geophysical techniques to target high-grade mineralization.
Nortec Announces Drill Program at Sturgeon Lake VMS Project, Ontario, Canada
Nortec Mineral Corp. plans to start exploration drilling in February 2025 at its Sturgeon Lake Copper-Zinc-Lead Project in Ontario, leveraging data from recent EM surveys and a soil survey indicating promising mineralization in Target Area 1.
Newpath Enters LOI to Sell Northshore Gold Project
Newpath Resources Inc. announced a Letter of Intent with Great Eagle Gold Corp. for acquiring the Northshore Gold Project, aiming to tokenize its gold resource. The deal involves a CDN$1 million payment structure and allows Newpath to focus on lithium exploration.
Great Eagle Gold Corp. Announces LOI to Acquire Patented Mineral Rights Titles Containing NI 43-101 Certified Gold Resources
Great Eagle Gold Corp. has signed a Letter of Intent to acquire a 100% interest in mining claims containing 240,100 ounces of certified inferred gold resources. This acquisition positions them to tokenize these resources into NatGold Tokens under a new digital mining model.
Core Nickel Corp. Provides 2024 Year-End Review and Outlines 2025 Exploration Plans
Core Nickel Corp. presents its 2024 Year-End Review, showcasing growth in exploration and sustainability, and outlines strategic goals for 2025. Key achievements include raising $3.7 million, advancements at the Mel deposit, and plans for further resource development.
Neotech Metals Corp. Receives Exploration Permit for its TREO Project
Neotech Metals Corp. has received a mineral exploration permit for its TREO Project in British Columbia, allowing drilling on 10 pad locations. The company aims to advance high-grade mineralization targets identified in previous explorations, with work planned for summer 2025.
Seabridge Gold Announces Agreement Renewing At-The-Market Offering
Seabridge Gold Inc. announced a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and RBC Capital Markets, allowing it to sell up to US$100 million in common shares via at-the-market distributions on the NYSE, to fund projects and operations.
Centurion Minerals Ltd. Provides Status Report of Annual Financial Statements and MD&A
Centurion Minerals Ltd. issued a bi-weekly default status report due to delays in filing its annual financial statements, prompting a management cease trade order for its CEO and CFO. The company aims to file these documents by January 27, 2025.
Forge Resources Corp Announces Significant Progress of Portal Construction at Fully Permitted La Estrella Coal Mine, Colombia and Hiring of Mining Engineer Emilio Gene and Hiring of Marketing Firms
Forge Resources Corp. reports 90% completion of the La Estrella Coal Mine portal in Colombia, enabling access to new coal reserves. This development focuses on safety, efficiency, and sustainability, marking progress toward a 20,000 metric tonne coal sample.
Summa Silver Announces Grant of Stock Options
Summa Silver Corp. has approved the issuance of 2.4 million stock options to its officers, directors, and consultants, with a vesting period of two years and an exercise price of $0.40, expiring January 24, 2030. The company focuses on mineral exploration, owning projects in Nevada and New Mexico.
Quest Critical Metals Confirms Licence Renewals of Czech and German Exploration Licences, Commencement of Negotiations with Local Drilling Company and EU Funded Geochemical Program
Quest Critical Metals Inc. has renewed its exploration licenses in the Czech Republic and Germany, selected a drilling company, and is set to begin a Spring drilling program. The company also plans a geochemical survey in a new prospective area, funded by an EU grant, while focusing efforts on successful projects in Tisova/Klingenthal and relinquishing its Brazilian lithium licenses.
Spanish Mountain Gold Engages Red Cloud Financial Services
Spanish Mountain Gold Ltd. has engaged Red Cloud Financial Services for media and marketing, pending TSXV approval. The six-month contract, costing $60,000, aims to enhance the company's profile as it advances its gold project in British Columbia.
Emperor Metals Renews Option on Duquesne West Gold Project
Emperor Metals Inc. has made a $500,000 cash payment and issued shares to renew its option on the Duquesne West property, Quebec. Encouraging drilling results indicate visible gold in lower-grade zones, and a resource estimate update is anticipated in Q1.
Portofino Proposes to Issue Shares for Debt
Portofino Resources Inc. announced agreements to settle $205,000 in debt by issuing 20.5 million common share units, pending TSX approval. The company focuses on mineral resource projects in the Americas, including lithium and gold exploration in Argentina and Ontario.
US Copper Corp Proposes $500,000 Non-Brokered Private Placement
US Copper Corp is proposing a non-brokered private placement to raise up to $500,000 through 10 million units at $0.05 each. Proceeds will support general working capital. The Board also approved granting 6.35 million stock options to key personnel.
Green River Gold Corp. Announces an Expansion into the Real Estate Development Business
Green River Gold Corp. will enter real estate development in Edmonton and Northern Alberta by 2025, focusing on multi-family residential units. This new division aims to generate cash flow while continuing its mineral exploration in British Columbia.
Scorpio Gold Provides 2024 Summary to Shareholders
Scorpio Gold Corporation announced its achievements in 2024, including successful funding rounds, new management, and expansion in the Manhattan District. The company anticipates significant milestones in 2025, leveraging 2024's momentum to enhance its gold assets in Nevada.
Ivanhoe Mines Closes US$750,000,000 Senior Notes Offering
Ivanhoe Mines Ltd. has completed a US$750 million offering of 7⅞% senior notes due 2030, which are senior unsecured obligations guaranteed by subsidiaries. Proceeds will fund corporate purposes and project expansions. The offering is not available in certain jurisdictions.
Nevada Sunrise Amends Option to Purchase Coronado Copper Project, Nevada
Nevada Sunrise Metals Corporation has amended its option agreement to acquire a 100% interest in the Coronado Copper property in Nevada, with updated cash, share payments, and exploration expenditures scheduled until 2027, including a potential extension based on a Pre-Feasibility Study.
Snow Lake Energy Announces Pricing of US$16 Million Offering
Snow Lake Resources Ltd. announced a best-efforts offering of 16 million common shares at $1.00 each, aiming to raise $16 million for working capital. The offering closes on January 27, 2025, and is underwritten by ThinkEquity.
Pantera Silver Receives Final TSX Venture Exchange Approval for Acquisition of Silver Exploration Assets in Bolivia
Pantera Silver Corp. has received final approval from the TSX Venture Exchange for its acquisition of the Rakanco Project, a 17,975-hectare mineral claim in Bolivia. The project is strategically located near known silver deposits and will undergo initial exploration activities.
Li-FT Closes Acquisition of 100% Interest in the DeStaffany, LDG & Mackay Lithium Projects, NWT, Canada
Li-FT Power Ltd. has finalized its acquisition of the DeStaffany, LDG, and Mackay Lithium Projects from North Arrow Minerals, gaining full interest in 14 mineral claims and six leases. The deal involves issuing shares and includes reclamation bonds for environmental stewardship.
Cleghorn Minerals Announces Increase to Private Placement Financing
Cleghorn Minerals Ltd. announced an oversubscribed financing, raising $210,000 by issuing 4,200,000 units at $0.05 each. Each unit includes a common share and a warrant. Proceeds will fund corporate purposes, pending TSX Venture Exchange approval.
Record Resources' Hydrogen Neighbour Delivers Outstanding Drilling Results
Record Resources Inc. is encouraged by Quebec Innovate Materials Corporation's impressive drilling results in hydrogen exploration, reporting up to 7,119 ppm, significantly higher than competitors. This success boosts confidence in geological models and potential hydrogen resources.
Southern Silver Revises Terms for Previously Announced Non-Brokered Private Placement
Southern Silver Exploration Corp. has revised its private placement terms to issue 14 million units at $0.18 each, raising $2.52 million. Proceeds will support the Cerro Las Minitas project in Mexico and cover corporate expenses. Regulatory approvals are pending.
Lion One Drills 2,749.86 g/t Gold over 0.3 m at Tuvatu Gold Mine in Fiji
Lion One Metals Limited announced high-grade gold results from infill drilling at its Tuvatu Alkaline Gold Project in Fiji, highlighting a record assay of 2,749.86 g/t. The drilling, focused on Zone 5, indicates potential for incorporation into the mine plan within a year.
Aftermath Silver Appoints Galiant Partners as Critical Minerals Advisors
Aftermath Silver Ltd. has appointed Galiant Partners as advisors to enhance development and financing for its Berenguela project. Galiant will leverage its expertise in mining and battery metals to optimize project potential and increase market awareness.
Gold Digger Announces New Private Placement, Start of First Field Programs and Advisory Agreement
Gold Digger Resources Inc. is conducting a non-brokered private placement of up to 10 million units at $0.35 each, aiming to raise $3.5 million for a field program in Botswana and general working capital. The announcement also includes an update on their acquisition of Premium Uranium Corporation.
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