Mining News Releases & Company Updates - Page 91
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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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Searchlight Innovations Announces Amendment of Merger Agreement with Riverboat Energy
Searchlight Innovations Inc. has amended its merger agreement with Riverboat Energy Corp. and 1506404 B.C. Ltd., extending the transaction deadline to March 31, 2025, and revising financing terms, including new private placements of subscription receipts.
EMX Announces Acquisition of a Royalty on the Chapi Copper Mine Property in Peru
EMX Royalty Corporation has signed a Royalty Agreement with Minera Pampa de Cobre S.A.C. for up to a 2% NSR on minerals from the Chapi copper mine in Peru. EMX paid $3 million for the first 1% and can acquire another 1% for $7 million by February 2025.
Arcland Resources Enters into Definitive Agreements with NEXT Lithium in Respect of Proposed Reverse Takeover
Arcland Resources Inc. has finalized agreements for a reverse takeover of NEXT Lithium Corp. The transaction includes a share purchase and amalgamation agreement, with conditions requiring due diligence and board approvals before closing.
US Copper Corp Files PEA for Moonlight-Superior Project: US$1.075 Billion NPV
The Moonlight-Superior PEA indicates a strong economic potential with an after-tax NPV of $1.075 billion, IRR of 23%, initial capital of $956 million, and significant copper, silver, and gold production. US Copper aims to attract a Joint Venture partner for further development.
Nine Mile Metals Announces (7) New High Priority TDEM VMS Drill Targets at the West Wedge and Tribag Zones
Nine Mile Metals Ltd. has updated on its Wedge Time Domain Electromagnetic Survey, revealing multiple priority VMS targets linked to existing mineral occurrences. The survey highlights potential for further exploration and drilling along the Wedge VMS Trend.
Zodiac Gold Inc. Announces High-Grade Channel Sample Results at the Todi Gold Project in Liberia
Zodiac Gold Inc. reported promising channel sample results from its Alasala and Alasala South targets in West Africa, with notable gold grades. The company's recent drilling and sampling support the area's high-grade gold potential, with extensive exploration licenses covering over 2,300 km².
CaNickel Announces Expiry of Option Agreement for Sale of the Bucko Lake Mine to Cobalt One and Blackstone Minerals
CaNickel Mining Limited announces the expiration of an Option Agreement with Cobalt One Energy and Blackstone Minerals to purchase its Bucko Lake Mine Project due to financing challenges linked to nickel price declines. The company will now market the asset for sale.
Free Battery Metal Limited Announces Gallium Values Up To 110.5 PPM
Free Battery Metal Limited announced elevated gallium values from bedrock samples at the Mound Lake Property in Ontario. The property covers 4,800 hectares with 243 mineral claims. Recent analysis revealed 12 samples exceeding 50 ppm gallium, indicating significant mineral potential.
EDM Announces Successful Results of Dense Media Separation Study on High-Grade Ores of the Scotia Mine
EDM Resources Inc. announced promising initial Heavy Liquid Separation test results from high-grade zinc and lead samples at Scotia Mine, indicating effective pre-concentration methods that could lower processing costs while achieving high recovery rates for both minerals.
Military Metals Corp.: Natural Resources Canada Invests in Nova Scotia's Critical Minerals Potential
Military Metals Corp. comments on Natural Resources Canada's conditional funding for Nova Scotia to enhance critical minerals exploration. The company, invested in the West Gore antimony-gold mine, anticipates accessing funding to support its efforts in the region.
Benton Receives Best Gold Assay Results to Date at the South Pond Gold-Copper Zone
Benton Resources Inc. announced promising gold results at the South Pond Gold-Copper Zone in Newfoundland, showcasing strong potential. Drilling will resume mid-January, with a 15,000 m program planned for 2025. The company expresses optimism for future discoveries.
Atomic Minerals Corp. Welcomes Renowned Geologist Matthew Schwab to Board of Directors
Atomic Minerals Corporation has appointed Matthew Schwab, an experienced exploration geologist, to its Board of Directors. Schwab, noted for his expertise in uranium exploration and significant contributions to major discoveries, will enhance the company's exploration efforts.
Compass Provides an Update on the Massala Small Mine Permitting Process
Compass Gold Corp. has completed a project viability study for its Massala prospect in Mali and plans to begin bulk sampling in February 2025. This will aid in optimizing plant design and support a Small Mine Permit application, aiming for commercial production by early Q2.
Ivanhoe Electric Reports Year-End Update on United States Exploration Programs
Ivanhoe Electric reports successful exploration in the U.S., notably expanding the Texaco Deposit in Arizona and discovering a copper-gold-molybdenum system at Hog Heaven, Montana. The company is evaluating results and planning for 2025 after significant drilling in 2024.
GoviEx Uranium Annual Letter to Stakeholders
GoviEx Uranium Inc. faces challenges after losing rights to the Madaouela Project in Niger, which it deems unlawful. The company is pursuing arbitration to protect its interests while refocusing efforts on the Muntanga Project in Zambia, enhancing its development.
Arrow Announces Exploration Well AB-1 Results
Arrow Exploration Corp. provides an operational update on its Alberta Llanos field in Colombia. The AB-1 well, spud on November 30, 2024, is now in production, confirming the field's potential with initial production of 658 BOPD. AB-2 well is currently being evaluated after reaching target depth.
Volt Carbon Technologies Announces the Third Tranche and Final Closing of Private Placement for Gross Aggregate Proceeds of $565,000.01
Volt Carbon Technologies Inc. announced the closure of its final tranche of a private placement, raising CAD$65,000 by issuing 2.6 million units. Overall, the company raised CAD$565,000 through various units, with details on share warrants and finder’s fees included.
Bullion Gold Completes Private Placement
Bullion Gold Resources Corp. closed a private placement, issuing 4.91 million common stock units at $0.05 each and 2.89 million flow-through shares at $0.07, raising $448,450. Insiders participated in this "related party transaction," exempt from certain regulations.
Zodiac Gold Announces Closing of First Tranche of Non-Brokered Private Placement
Zodiac Gold Inc. announced the closing of its first tranche of a private placement, raising approximately C$123,000 for exploration and working capital. It issued 1,230,000 units at C$0.10 each, with attached warrants exercisable at C$0.15 for 24 months.
AuMEGA Metals Announces Adoption of Omnibus Equity Incentive Plan
AuMEGA Metals Ltd announced that shareholders approved an amended equity incentive plan with a 10% stock option and fixed share unit components, allowing for the issuance of 65,732,263 shares. Annual shareholder approval and TSX Venture Exchange review are required.
Rhyolite Resources Terminates Brothers Property Option Agreement
Rhyolite Resources Ltd. has terminated its option to earn an 80% interest in the Brothers property in Suriname, receiving US$62,000 for the termination. The property’s Exploitation License was renewed, but Rhyolite's discussions to amend the agreement were unsuccessful. The company holds $6.5 million in working capital and a 10% Gross Revenue Royalty from the Muckahi Mining System.
William Feyerabend Brings Extensive Lithium Brine Expertise to Apex
Apex Resources Inc. announces the appointment of William Feyerabend as Senior Advisor, leveraging his extensive experience in lithium brine projects. The company also plans a private placement financing of up to 15 million units to raise up to $750,000.
Showcase Minerals Identifies Rare Earth Elements and Uranium Exploration Targets at the Pontiac Project
Showcase Minerals Inc. announces successful Phase I exploration results at the Pontiac Project in Quebec, confirming historical uranium mineralization and discovering significant rare earth elements (REEs) and other strategic minerals, indicating strong exploration potential.
Tartisan Nickel Corp. Conducts TargetEM26 Survey over Turtle Pond Block of Claims, Closes $500,000 Financing at $0.18 per Unit with a Twelve-Month Escrow Period
Tartisan Nickel Corp. announced a 149-line kilometer airborne geophysical survey at its Turtle Pond Knight Danger Project in Ontario. The company also closed a $500,000 financing for exploration at its Kenbridge Nickel Project, issuing shares and warrants.
Inspiration Energy Approves All Matters at the AGM
Inspiration Energy Corp. announced the successful passage of all resolutions at its December 18, 2024 AGM, electing Charles Desjardins, Lorne McCarthy, and James Place as directors. Baker Tilly Wm LLP was appointed auditor, and the Stock Option Plan was approved.
Silver Bullet Mines Corp. Announces Successful Financing
Silver Bullet Mines Corp. closed a $514,000 financing, issuing 4,283,333 units at $0.12 each, including warrants. Funds will support development at Super Champ Mine in Arizona and Washington Mine in Idaho, along with working capital. Forward-looking statements included.
Alpha Exploration Announces Resignation of Officer
Alpha Exploration Ltd. announces the retirement of CEO Michael Hopley effective December 31, 2024. He will remain as a director and Chairman. Timothy Livesey has been appointed Interim CEO, bringing over 35 years of industry experience to the role.
Altiplano Extends Option at Santa Beatriz Cu-Au-Fe Mine and Expands Underground Development
Altiplano Metals Inc. has extended its option to acquire the Santa Beatriz copper-gold-iron mine for an additional year, allowing further exploration and development. The company reports progress in mine refurbishment and bulk sampling, aiming for increased production.
First Phosphate Closes Oversubscribed Private Placement Financing
First Phosphate Corp. has successfully closed a non-brokered private placement financing, raising $2,695,459. The offering included 7.4 million Flow-Through Shares and 252,857 Hard Dollar Units. Additionally, 3.1 million restricted share units were granted as year-end bonuses.
Teako Announces Non-Brokered Private Placement of Up to $750,000 to Advance Drilling at the Løkken Project; Secures $400,000 in Lead Commitments
Teako Minerals Corp. is launching a non-brokered private placement to issue up to 11.54 million common shares at $0.065 each, aiming for $750,000. This offering replaces a previously terminated placement and will fund drilling at its Løkken project in Norway.
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