Mining News Releases & Company Updates - Page 88
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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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Ivanhoe Mines Launches an Offering of US$600,000,000 Senior Notes Due 2030
Ivanhoe Mines has launched a US$600 million offering of senior unsecured notes due 2030 to fund corporate purposes, including project expansion. The offering is supported by a US$120 million revolving credit facility and includes forward-looking statements about potential outcomes.
IAMGOLD Files Technical Report for the Westwood Mine Complex
IAMGOLD Corporation has filed the 2024 technical report for its Westwood Mine Complex, prepared by qualified professionals. The report complies with NI 43-101 standards and is available online. IAMGOLD is a Canadian gold producer with ongoing projects and a focus on ESG practices.
Vortex Metals Announces Non-Brokered Private Placement
Vortex Metals Inc. is launching a non-brokered private placement to raise up to $1,000,000 by selling 12,500,000 units at $0.08 each, intended for exploration at its Illapel Copper Project in Chile and general working capital, pending regulatory approval.
First Phosphate Reports University Research Reports Relating to the Geological Characterization of its Three Bégin-Lamarche Phosphate Zones
First Phosphate Corp. announces research reports from Queen's University and Université de Québec à Chicoutimi on the mineralogy and geochemistry of the Bégin-Lamarche phosphate deposit in Quebec, highlighting its potential for supplying materials for LFP batteries.
Cruz Battery Metals Acquires the Central Clayton Valley Lithium Brine Project in Nevada Completely Surrounded by SLB's Property
Cruz Battery Metals Corp. plans to acquire the 580-acre Central Clayton Valley Lithium Brine Project in Nevada, expanding its lithium footprint to 820 acres. The acquisition, aimed at capitalizing on domestic lithium production and favorable regulatory conditions, is pending approvals.
Thor Explorations Announces Further Positive Drilling Results from Segilola Gold Mine
Thor Explorations Ltd. reports positive diamond drilling results from its Segilola Gold Mine in Nigeria, indicating potential resource expansion. Notable findings include intersections of high gold grades, prompting plans for continued drilling to explore the ore body's extent.
Max Resource Announces Initial Public Offering for Australian Subsidiary
MAX Resource Corp. announces that its subsidiary, Max Iron Brazil Ltd., plans to conduct an IPO for 30-50 million shares at AUD$0.20 each, aiming for AUD$6-10 million. Proceeds will support the Florália DSO Hematite Project and working capital, pending ASX approval.
Emperor Metals Proposes to Acquire Surface Rights to Lac Pelletier Property, Quebec
Emperor Metals Inc. announced a binding agreement to acquire the surface rights to the Lac Pelletier Property from Eldorado Gold, assuming related liabilities. The transaction is expected to close by April 15, 2025, and includes a mining lease and royalty obligations.
Aldebaran Files NI 43-101 Technical Report on SEDAR for Altar Mineral Resource Estimate
Aldebaran Resources Inc. announced the filing of an updated Technical Report and Mineral Resource Estimate for its Altar copper-gold project in Argentina, effective December 31, 2024. The report was prepared by Independent Mining Consultants and approved by Dr. Kevin B. Heather.
Cascada Commences Diamond Drilling at Angie Cu/Mo Project
Cascada Silver Corp. has initiated Phase II diamond drilling at its Angie Copper Molybdenum Property in Chile, following a drone-based magnetometer survey. The program aims to build on promising Phase I results, targeting molybdenum-rich areas for further exploration.
Salazar Resources Announces Initial Closing of Private Placement
Salazar Resources Limited has announced the initial closing of a non-brokered private placement, raising $1,066,940 by issuing 15,242,000 shares at $0.07 each. They plan to complete a total of 9,758,000 additional shares, with proceeds for working capital and exploration.
STLLR Gold Publishes its Annual ESG Report
STLLR Gold Inc. released its 2023 ESG Report, highlighting its commitment to sustainability and corporate stewardship while advancing its Tower and Colomac gold projects in Canada. The company aims to develop responsible mining practices with community involvement.
DLP Resources Announces Extension of Non-Brokered Private Placement and Award Grants
DLP Resources Inc. has received an extension from the TSX Venture Exchange to complete a non-brokered private placement, raising up to $2.1 million at $0.21 per unit, which includes shares and warrants. The deadline is now January 31, 2025, subject to regulatory approvals.
Sierra Madre Announces Full Commercial Production at Guitarra Mine Complex
Sierra Madre Gold and Silver Ltd. announced the start of full commercial production at its Guitarra Mine Complex in Mexico on January 1, 2025. The operation has been running at full capacity for 90 days, leading to increased shipments and revenues. CEO Alex Langer and COO Gregory K. Liller praised the team's efforts and highlighted the improved operational efficiency and safety culture.
Alpha Exploration Announces Additional New Drill Results from the Aburna Gold District, Kerkasha Project, Eritrea
Alpha Exploration Ltd. announced new drill results from its Kerkasha Project in Eritrea, highlighting significant gold mineralization at the Aburna site, particularly in the Hill 52 and Central areas. Assays from 25 drillholes support existing models of mineralization controls.
Northstar Completes Diamond Drill Program at Miller Copper-Gold Property New 15.76 Metre Copper Zone Discovery
Northstar Gold Corp. has completed a 1,465 metre diamond drill program at its Miller Copper-Gold Property, targeting VMS mineralization. A new copper zone was discovered 500 metres southeast of the Cam Copper Mine, with preliminary results expected by late January 2025.
Bold Ventures Receives Assays up to 68 g/t gold at the Newly Discovered 111 Zone at the Burchell Gold and Copper Property
Bold Ventures Inc. announced promising gold sample results from the newly identified 111 Zone at their Burchell Gold and Copper Property, with values up to 68 g/t Au. Future exploration plans include backhoe stripping and additional mapping and sampling in 2025.
Corcel Completes Acquisition of the Yuma King Property in Arizona
Corcel Exploration Inc. has completed the acquisition of CuQuest Resources Corp., issuing 15 million shares at $0.09 each to CuQuest shareholders. CuQuest holds rights to the Yuma King Property in Arizona. Corcel explores and acquires mineral properties in North America.
Military Metals Selects SLR Consulting for Resource Estimation at Its Flagship Trojarová Antimony-Gold Property in Slovakia
Military Metals Corp has selected SLR Consulting to conduct a mineral resource estimation for its Trojarová antimony-gold project in Slovakia, following a review of competitive bids. The project aims to classify resources and complete a formal estimate after drilling.
Mason Resources Announces Fully Subscribed Private Placement Financing with Strong Insider Participation
Mason Resources Inc. announced a fully-subscribed private placement raising $1.4 million, with Chairman Fahad Al Tamimi increasing his ownership stake. The funds will support general corporate purposes, and the offering includes units with shares and warrants.
EMX Provides Financial Update
EMX Royalty Corporation reported a strong year-end financial position with $27 million in cash and $35 million in long-term debt. Key transactions included the sale of Ensero shares for $5.6 million, an early payment from Aftermath Silver of $2.9 million, and a $500,000 royalty buy-back from Arizona Sonoran.
Geologica Announces Antimony Exploration and Flow-Through Financing
Geologica Resource Corp. plans to explore Antimony and Tellurium at its Titan property in British Columbia amid rising antimony prices due to Chinese export restrictions. The site shows promising mineralization, including gold, silver, and other critical metals.
Magna Mining Provides Update on Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.
Magna Mining Inc. updates on its acquisition of base metals assets in Sudbury from KGHM, targeting closure around January 31, 2025. The company has made progress on regulatory approvals since signing the agreement on September 11, 2024.
Denarius Metals Announces Sale of 29% Interest in Rio Narcea Recursos, S.L. to JV Partners; Remains Operator; Maintains Right to Use Aguablanca Plant for Future Lomero and Toral Operations
Denarius Metals Corp. has sold a 29% stake in Rio Narcea Recursos, reducing its ownership to 21% and enhancing liquidity by settling a EUR 14.5 million obligation. This move aims to focus on operations at RNR's processing plant and Aguablanca mine in Spain.
Amex Expands Multiple Gold Zones at the Perron Gold Project
Amex Exploration Inc. announces successful drilling at its Perron Project in Quebec, expanding multiple high-grade gold zones. Key highlights include significant gold grades found at various depths across different zones, optimizing drill planning for economic viability.
NeoTerrex Completes Drilling at the Valour Project
NeoTerrex Minerals Corp. announced the completion of its first drill program at the Valour Project in Quebec, totaling 1,326 meters across eight holes. The program targeted strong electromagnetic conductors and revealed semi-massive sulphides, indicating potential mineralization.
Thesis Gold Contracts Ausenco and Mining Plus to Commence Pre-Feasibility Study for Lawyers-Ranch Project
Thesis Gold Inc. has engaged Ausenco and Mining Plus to conduct a Pre-Feasibility Study for its Lawyers-Ranch Project in British Columbia, building on a previous positive assessment. The PFS is expected to be completed by Q4 2025, advancing project development.
Provenance Gold Provides Operational Update and a Review of Recent Activities at Eldorado
Provenance Gold Corp. announces an operational update on its Eldorado Gold Property in Oregon, highlighting significant exploration advancements, including increased land position, positive drill results, and the discovery of new high-grade zones. The company aims for aggressive development in 2025.
Great Eagle Gold Corp. and NatGold Digital Ltd. Strengthen Strategic Partnership with New Agreement; GEGC Announces Financing Update
Great Eagle Gold Corp. and NatGold Digital Ltd. have formed a new agreement to enhance their partnership in launching a digital mining ecosystem that tokenizes gold resources into NatGold Tokens, promoting ESG-friendly investments and defining their roles in the collaboration.
Pluto Ventures Announces Appointment of Mathew Lee as CFO
Pluto Ventures Inc. has appointed Mathew Lee as Chief Financial Officer, effective immediately. Lee, a seasoned finance professional with over 15 years of experience, replaces Herrick Lau, who resigned. The company focuses on mineral exploration in British Columbia.
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