Mining News Releases & Company Updates - Page 89
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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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Aranjin Resources Announces Private Placement and Debt Settlement
Aranjin Resources Ltd. plans a non-brokered private placement to raise up to $650,000 by offering 8,125,000 units at $0.08 each. Funds will support projects in Australia and Mongolia. The company will also settle $219,100 in debt with shares.
Atomic Minerals Extends Private Placement
Atomic Minerals Corporation has received TSX Venture Exchange approval to extend its private placement until January 21, 2025. The company is advancing drill permits for its Harts Point Uranium Project in Utah and Bleasdell Lake Project in Saskatchewan, focusing on uranium exploration.
Torex Gold Delivers on Full-Year Production Guidance
Torex Gold Resources achieved its sixth consecutive year of meeting production guidance in 2024, with fourth quarter gold production of 103,795 ounces and total annual production of 452,523 ounces. Operations faced a brief suspension due to a tragedy, but resumed successfully.
Equinox Gold Reports Record Quarterly and Annual Gold Production: Produced 213,960 Ounces of Gold in Q4 2024 and 621,870 Ounces of Gold for Full-Year 2024
Equinox Gold Corp. reported record gold production in Q4 2024 and for the full year, totaling 621,870 ounces. Key achievements included consolidating ownership of Greenstone and significant debt reduction. The company ended 2024 with $240 million in cash.
EMX Completes Its 5 Million Share Normal Course Issuer Bid Program
EMX Royalty Corporation has completed its Normal Course Issuer Bid, purchasing 5 million shares at an average of $1.65 each, totaling approximately $8.3 million. The company focuses on providing investors with opportunities in precious and base metals.
CopperEx Provides Corporate Update
CopperEx Resources Corp. has canceled over 1.25 million stock options and failed to secure a US$12.5 million loan. The company will now focus on advancing its Kio Buggy property in Chile and La Rica property in Peru, which shows promising mineralization.
Mayo Lake Boosts Its Ongoing Placement to $827,084
Mayo Lake Minerals Inc. has closed a tranche of its $1.4M private placement, raising $112,100 and totaling $827,084. The funds will support a proposed merger with WestMountain Gold, Inc., with plans for a $7.5M financing to complete the merger by April 2025.
IMPACT Silver Celebrates Growth and Achievement in 2024
IMPACT Silver Corp. reflects on a successful year in 2024, highlighting operational advancements at the Plomosas Zinc Mine, exploration successes, and revenue growth in the Zacualpan Silver District. Significant discoveries and increased production bolster its position in the mining sector.
Colibri and Partner Commences Diamond Drilling at Pilar Gold & Silver Project
Colibri Resource Corporation and Tocvan Ventures have launched a 1,250-meter diamond drilling program at the Pilar Gold & Silver Project in Mexico, aiming for a maiden resource estimate. They plan a test mine/bulk sample of 50,000 tonnes in Q3 2025, enhancing project value.
Besra Gold Announces Quantum Metal Sdn Bhd Wind-Up Petition To Be Withdrawn
Besra Gold Inc. announces that Quantum Metal Sdn Bhd is withdrawing the winding-up petition by the Malaysian government, as confirmed by the Inland Revenue Department. The announcement was authorized by executives Kenny Lee and Michael Higginson.
Pacific Arc Resources Announces Repricing of Non-Brokered Private Placement
Pacific Arc Resources Ltd. plans to reprice a non-brokered private placement of 18,628,710 shares to $0.015 each, pending approvals. Proceeds will address outstanding accounts payable and general working capital. The shares will have a four-month hold period.
Wade Dawe News Release Related to Acquisition of Common Shares of eXeBlock Technology Corporation
Wade Dawe reported acquiring 4 million common shares and warrants of eXeBlock Technology, increasing his total holdings to 10.17 million shares (13.47% of total shares). The purchase was for investment purposes, and he may adjust his holdings based on market conditions.
Vizsla Royalties Provides Update on Principal Asset
Vizsla Royalties Corp. announces an update on its Panuco silver-gold project, reporting a significant mineral resource increase to 222.4 million ounces AgEq. Key highlights include a 43% rise in measured resources and a focus on precious metals, particularly silver.
Argo's November 2024 Oil Production
Argo Gold Inc. reported November 2024 oil production of 3,597 barrels (120 bpd) with revenue of $258,042 and net cash flow of $153,014. Challenges include low production from Lloyd 2 due to a well collapse. December production dropped to 3,367 barrels.
Indigo Commences Drilling on its Uranium Project in Shirley Basin, Wyoming
Indigo Exploration Inc. has launched a 50-hole drilling program at its uranium project in Wyoming's Shirley Basin, aiming to explore mineralization and develop a stratigraphic framework. The project is adjacent to other significant uranium operations and will take about 10 days.
Great Atlantic Resources 5th Drill Hole Intersects Two Veins: Vein 1 - 13.16 G/T Gold over 1.67 Meters; Vein 2 - 120.89 G/T Gold over 0.44 Meters
Great Atlantic Resources Corp. announced that its subsidiary has received gold analyses from the fifth hole (GP-24-161) of its 2024 drilling program at the Golden Promise Gold Property in Newfoundland, revealing significant gold intersections and plans for a bulk sample in 2025.
Pegmatite One Investigates Strategic Diversification into Cryptocurrencies
Pegmatite One Lithium and Gold Corp. is diversifying its cash reserves by investing in cryptocurrencies to enhance financial stability, hedge against volatility, and pursue growth opportunities. The company is conducting a thorough review with expert guidance to inform its strategy.
Kingsmen Commences 2025 Las Coloradas Exploration
Kingsmen Resources Ltd. will begin a field reconnaissance program at the Saddle Extension zone of its Las Coloradas project in Mexico, aiming to define a new drill target. The project is located in a historic mining district known for its silver-gold resources.
Kobrea Commences Exploration at Western Malargüe Copper Projects - Mendoza Province, Argentina
Kobrea Exploration Corp. has mobilized field crews for its 2025 exploration program at the Western Malargüe Copper Projects in Argentina, focusing on porphyry copper systems. Initial activities include geological mapping and sampling, leading to the area's first drill program.
QIMC and DiagnaMed to Advance Hydrogen Production Technology at the Ville Marie Clean Natural Renewable Hydrogen Project
Québec Innovative Materials Corp. (QIMC) announces a strategic collaboration with DiagnaMed Holdings Corp. to accelerate clean hydrogen innovation at QIMC's Ville Marie Hydrogen Project. QIMC will receive 2 million shares of DiagnaMed in exchange for deploying their hydrogen technology.
Emperor Metals Drilling Confirms Broad Gold Mineralization in Conceptual Open Pit Model, Highlighting 21.7m at 7.2 g/t Au, 24.8m at 1.8 g/t Au, and Visible Gold Occurrences.
Emperor Metals Inc. announces promising findings from its 2024 drilling program, reporting 70% of new assay results. The drilling highlights significant gold mineralization, indicating potential for resource expansion and improved mining economics in their open-pit model.
Ivanhoe Mines Provides 2024 Production Results, 2025 Production Guidance
Kamoa-Kakula achieved record copper production of 437,061 tonnes in 2024, with a quarterly high of 133,819 tonnes. Kipushi produced 50,307 tonnes of zinc. The company set 2025 production guidance for both mines and updated capital expenditure plans.
Tower's Big, 250-m Step-Out in Hole 56 at Thunder North Pays Off with a Long, 15.8 m Intersection Averaging 5.80 g/t Gold, Building on Hole 55's 31.5 m of 4.15 g/t Au at Blue Sky
Tower Resources Ltd. announces significant gold assay results from Hole RN24-056 at the Thunder North gold zone in Kamloops, extending the discovery by 250 m with higher grades than previous findings. The company is rapidly increasing its gold resource at Rabbit North.
Andean Precious Metals Receives Final Approval for Uplisting to Toronto Stock Exchange
Andean Precious Metals Corp. has received final approval to uplist its shares on the Toronto Stock Exchange, effective January 9, 2025, enhancing visibility and access to investors. The company will celebrate by participating in the TSX market opening.
Caprock Engages BBA E&C for an Updated Mineral Resource Estimate on Its Destiny Gold Project
Caprock Mining Corp. has engaged BBA E&C to conduct an updated Mineral Resource Estimate and a technical report for its Destiny gold property in Quebec. The updated estimates, expected in early 2025, will reflect current gold prices and economic parameters.
First Majestic Produces 5.7 Million AgEq Oz in Q4 2024 Consisting of 2.4 Million Silver Ounces and 39,506 Gold Ounces, and 21.7 Million AgEq Oz in 2024
First Majestic Silver Corp. reported a total production of 5.7 million silver equivalent ounces in Q4 2024, a 4% increase from the previous quarter, with silver production up 20%. The company anticipates releasing audited financial results on February 20, 2025.
Pacific Ridge to Acquire Portfolio of U.S. Copper Porphyry Projects
Pacific Ridge Exploration Ltd. announced option agreements with Bronco Creek Exploration to acquire four copper and gold projects in the U.S. This deal aims to diversify their portfolio and enhance shareholder value by potentially spinning out gold projects into a new company.
Denarius Metals Announces Approval of Environmental Impact Study for Its Zancudo Project in Colombia; Preparing to Commence Mining Operations; Announces Management Update
Denarius Metals Corp. announced the approval of its Environmental Impact Study for the Zancudo Project in Colombia, allowing it to start mining operations. The company expects first production by the end of the quarter and plans to process material at Soma Gold's El Limon Mill.
EMX Executes Agreement to Sell Four Projects in Western USA to Pacific Ridge Exploration
EMX Royalty Corporation has signed four option agreements with Pacific Ridge Exploration Ltd. for projects in Arizona, Nevada, Utah, and Wyoming. The agreements involve cash payments, equity stakes, and potential royalties, emphasizing EMX's strategy to capitalize on overlooked exploration opportunities.
ATEX Reflects on a Transformative Year and Provides 2025 Outlook with Fifth Diamond Drill Rig Mobilized to Valeriano Project
ATEX Resources Inc. reports significant 2024 achievements in its Valeriano Copper Gold Project, including a successful Phase IV drill program, strong metal recoveries, a C$55 million investment from Agnico Eagle Mines, and full ownership of the project ahead of schedule. Phase V exploration is set to ramp up in 2025.
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