Mining News Releases & Company Updates - Page 86
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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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Auric Minerals Announces Letter of Intent to Option Three Uranium Assets in Quebec
Auric Minerals Corp. has signed a non-binding letter of intent to acquire three uranium properties in Quebec, enhancing its portfolio in a top mining jurisdiction. The Caboose property shows promising uranium values, and the company aims to expand its regional strategy in Eastern Canada.
Great Atlantic Resources Intersects Visible Gold in Both Holes Six and Seven: 60.20 G/T Gold over 0.44 Meters in Sixth Hole; 28.02 G/T Gold over 0.80 Meters in Seventh Hole
Great Atlantic Resources Corp. announced that its subsidiary, Golden Promise Mines Inc., has completed six and seventh drill holes at the Jaclyn Main Zone of its 100% owned Golden Promise Gold Property, revealing visible gold and planning a bulk sample for 2025.
Morissette Joins Bullion Gold to Develop the Bodo Project
Bullion Gold Resources Corp. appoints Guy Morissette as President and CEO, succeeding Jonathan Hamel. Morissette emphasizes the potential of the Bodo SM project, drawing parallels to past successes in gold discovery, and highlights his extensive industry experience.
Element 29 Resources - Reviewing 2024 and a Look Ahead to 2025
Element 29 Resources Inc. provided an update to shareholders highlighting leadership changes, including Richard Osmond as President and CEO and the addition of Manuel Montoya as CTO. The company raised $3.26 million for exploration at the Elida deposit and plans further drilling and geophysical surveys in 2025.
Battery Mineral Resources Announces New Encouraging Drill Results from Its Punitaqui Copper Mine in Chile
Battery Mineral Resources Corp. announced positive drill assay results from its 2024 exploration program at the Punitaqui mine in Chile, confirming copper and silver mineralization in targeted areas. The results enhance geological models for future extraction.
American Creek's JV Partner Tudor Gold Intensifies Exploration Efforts by Initiating Permitting for Construction of Underground Exploration Infrastructure to Expand and Complete Drilling of Supercell One Zone at Treaty Creek, Golden Triangle of British Columbia
American Creek Resources Ltd. announces that its JV partner Tudor Gold has begun permitting for 3,000 meters of underground development at the Treaty Creek Project to enhance exploration of the Supercell One Zone, aiming to improve drilling efficiency and support future mining.
T2 Metals Begins Downhole EM at Sherridon Copper-Gold Project, Manitoba
T2 Metals Corp. is initiating a downhole electromagnetic (DHEM) survey at the Sherridon VMS Project in Manitoba to identify mineralization near drill holes. Eight holes will be tested to find undrilled massive sulphide targets for future drilling in 2025.
Kutcho Copper's 2024 Annual Review and Outlook for 2025
Kutcho Copper Corp. announced a review of its high-grade copper-zinc project in British Columbia, highlighting strong feasibility study results, significant potential returns at varying copper prices, and strategic advantages in a safe mining jurisdiction with existing infrastructure.
Cosa Resources Completes Agreement to Form Joint Ventures with Denison Mines on Multiple Uranium Projects
Cosa Resources has acquired a 70% interest in uranium projects in the Eastern Athabasca Basin, with drilling set to begin at Murphy Lake North. Denison Mines is now Cosa's largest shareholder at 19.95% and has committed C$1,000,000 for future financings.
Andean Precious Metals Establishes Automatic Share Purchase Plan
Andean Precious Metals Corp. announced an automatic share purchase plan (ASPP) approved by the TSX to facilitate the buyback of up to 7,490,221 common shares under its normal course issuer bid (NCIB), effective January 14, 2025, amidst regulatory restrictions.
Cleghorn Minerals Announces up to $200,000 Private Placement Financing
Cleghorn Minerals Ltd. plans to conduct a non-brokered private placement of up to 4 million units at $0.05 each, aiming to raise $200,000 for corporate purposes. Each unit includes a share and a warrant for future purchases. The offering awaits TSX Venture Exchange approval.
Volta Confirms Presence of High-Grade Gallium, Cesium, Tantalum and Lithium Mineralization at the Recently Acquired ZigZag Project in Ontario, Canada
Volta Metals Ltd. announced high-grade assay results from 21 samples at the Dempster East Pegmatite, part of the newly acquired ZigZag Property in Ontario. Key findings include significant concentrations of Lithium, Tantalum, Cesium, Gallium, and Rubidium.
Kirkland Lake Discoveries Identifies Extensive Gold Mineralization at the Jo Zone and Untapped Potential at Hargreaves
Kirkland Lake Discoveries has completed its Phase 3 drill program at the Hargreaves shaft and Jo Zone, identifying significant gold mineralization. The results affirm the potential of the Goodfish-Kirana property and support the company's exploration strategy.
Drone Survey Completed at Feni Island Gold-Copper Project
Adyton Resources Corporation completed a high-resolution drone survey of the Feni Island Gold-Copper Project, enhancing magnetic data for better drill targeting. The survey engaged local communities and aims to improve understanding of mineralization patterns in the area.
IAMGOLD Announces Preliminary 2024 Operating Results & 2025 Guidance
IAMGOLD Corporation announced its preliminary Q4 and full year 2024 results, reporting 667,000 ounces of gold production, meeting guidance. Côté Gold Mine ramp-up is ongoing, with expected strong revenues and production guidance for 2025. Financial results will be reported on February 20, 2025.
American Eagle Intersects 407 Metres of 0.78% Copper Equivalent from Surface, Including 248 Metres at 1.1%
American Eagle Gold Corp. reports significant copper equivalent (CuEq) intercepts from drilling at the NAK property, highlighting high-grade expansions in the South Zone and new mineralization styles in the North Zone, with ongoing exploration to determine full potential.
Benz Completes Acquisition of WA Gold Projects from Spartan Resources
Benz Mining Corp. has completed the acquisition of the Glenburgh and Mt Egerton Gold Projects from Spartan Resources, with Spartan now holding a 15% stake in Benz. Spartan's General Manager, Nick Jolly, joins Benz's Board, and further payments are outlined.
Heliostar Files Technical Reports on Mines and Development Project Recently Acquired in Mexico
Heliostar Metals Ltd. has outlined updates on three operations: La Colorada, San Agustin, and San Antonio. Each project shows positive economic indicators like NPV, IRR, and potential gold production, with plans for expansion and permitting aimed at enhancing cash flow and mine life.
Vortex Metals Closes First Tranche of Non-Brokered Private Placement
Vortex Metals Inc. has closed the first tranche of its non-brokered private placement, issuing 5,036,700 units at $0.08 each for $402,935.96. Proceeds will fund exploration at the Illapel Copper Project in Chile. Insider subscriptions totaled 575,000 units.
Infinitum Announces Changes to the Board of Directors
Infinitum Copper Corp. announces the appointment of Steve R. McMullan to its board and the resignation of Mahendra Naik. McMullan brings extensive mineral exploration experience. The company is advancing its La Adelita project in Mexico and has interests in Arizona.
Mason Resources Announces Closing of Private Placement
Mason Resources Inc. has completed a non-brokered private placement, raising $1.4 million by issuing 28 million units at $0.05 each. Insider Fahad Al Tamimi increased his ownership to 19.2%. Proceeds will fund corporate activities, pending TSX approval.
Queen's Road Capital Announces Share Consolidation
Queen's Road Capital Investment Ltd. announces a share consolidation, reducing outstanding shares from approximately 490 million to about 49 million on a 10-for-1 basis, effective January 15, 2024, following shareholder approval at the annual meeting.
Gladiator Drills 36m of 1.23% Cu and 20m of 1.22% Cu at Cowley Park and Returns 40.2m of 1.74% Cu from Unassayed Historic Core
Gladiator Metals Corp has announced significant results from the Cowley Park drill program, including final results from 10 diamond drill holes and assays from 11 historic core holes. The findings support a revised geological framework for future resource definition and exploration in 2025.
Wedgemount Resources Corp. Provides Third Management Cease Trade Order Update
Wedgemount Resources Corp. is updating on its management cease trade order (MCTO) from November 29, 2024. The company is working to file required financial statements by January 27, 2025, and its executives cannot trade securities until the MCTO is revoked.
Gold Digger Resources Inc. Announces Completion of Acquisition of Premium Uranium Corporation
Gold Digger Resources Inc. has completed the acquisition of Premium Uranium Corporation, making it a wholly-owned subsidiary along with its UA92 subsidiary, which holds mineral licenses in Botswana. Gold Digger issued 13.3 million shares to PURC's shareholders as part of the deal.
Copperhead Resources Amends Red Line Option Agreement with Romios Gold
Copperhead Resources Inc. has amended its agreement with Romios Gold Resources to acquire a 75% stake in the Red Line Project. To finalize the acquisition, Copperhead must spend CAD $200,000 on exploration, issue 500,000 shares, and pay CAD $75,000 by mid-2026.
Royalties Inc. Announces Closing of Financing
Royalties Inc. closed a $180,000 private placement to cover expenses in Canada and Mexico. The company anticipates value recognition for its silver-zinc-lead project in Mexico when silver prices exceed $40/oz. It holds stakes in music royalties and mining claims.
Free Battery Enters into Binding Term Sheet for Snow Lake to Acquire an Up To 80% Interest in Free Battery's Mound Lake Property
Free Battery Metal Limited has entered a binding agreement with Snow Lake Resources allowing Snow Lake to earn up to 80% of the Mound Lake Property. The deal involves two options requiring work expenditures and cash payments within specified timeframes.
Snow Lake Discovers Gallium in Ontario: A Critical Mineral Driving AI and Data Center Advancements
Snow Lake Resources Ltd. announces the discovery of elevated gallium values at its Mound Lake Property in Ontario, highlighting its role in securing critical minerals for AI and clean energy. This positions Snow Lake as a key player amid growing global demand.
Silver Bullet Mines Discovers Additional High Grade Silver Mineralization at Super Champ Mine (405.4 oz/ton silver) in Arizona
Silver Bullet Mines Corp. announced the discovery of high-grade silver float during surface exploration near the Super Champ Vein in Arizona, suggesting a parallel vein system. Promising assay results indicate potential for increased silver production, prompting further exploration plans.
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