Mining News Releases & Company Updates - Page 94
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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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Cordoba Minerals Arranges US$10 Million Bridge Financing with JCHX
Cordoba Minerals Corp. has secured $10 million in bridge financing from JCHX Mining Management, consisting of two $5 million loans to support its Alacran Copper-Gold-Silver Project in Colombia and for general corporate purposes. The loans bear interest and are related party transactions.
Auric Minerals Announces Filing of Year End 2024 Financial Statements
Auric Minerals Corp. filed its annual financial statements and management discussion for the year ending October 31, 2024, on December 24, 2024. These documents are available on SEDAR+. For more information, contact Chris Huggins.
Shift Closes Private Placement for Gross Proceeds of Approximately C$15.4 Million
Valleyview Resources Ltd. has completed a private placement offering of Subscription Receipts for Shift Rare Metals Inc. to fund its acquisition of Shift. The offering raised $15.4 million, issuing 51.3 million receipts at $0.30 each, facilitating a three-cornered amalgamation.
Kirkland Lake Discoveries Corp. Announces Closing of Private Placement
Kirkland Lake Discoveries Corp. closed a non-brokered private placement, raising $1,341,199 by issuing flow-through units and regular units. Eric Sprott acquired 4 million units, increasing his stake to approximately 7.6% non-diluted and 13.7% fully diluted.
ONGold Announces Closing of Private Placement
ONGold Resources Ltd has successfully closed an oversubscribed private placement, raising $3,250,995 by issuing 5,001,532 flow-through shares at $0.65 each. The funds will be used for exploration in Manitoba and Ontario, with finder's fees paid to non-related parties.
Spark Energy Concludes 2024 Arapaima Field Program; Identifies 8 Pegmatite Trends Over Combined Strike of 27.2km
Spark Energy Minerals Inc. provided a year-end update on its exploration efforts in Brazil's Lithium Valley, highlighting the completion of its first field campaign at the Arapaima Lithium project, identifying 78 pegmatite occurrences, and submitting 144 samples for analysis.
Fairchild Announces Final Private Placement Closing and Early Warning Report
Fairchild Gold Corp. closed a non-brokered private placement, raising $1,020,000 by issuing 17 million units at $0.06 each. The funds will retire a $500,000 debt from acquiring Goodsprings Exploration LLC and support exploration at the Copper Chief Project.
E-Power Resources Inc. Announces Closing of a Flow-Through Private Placement
E-Power Resources Inc. closed a flow-through private placement, issuing 1,862,500 units at $0.08 each for $149,000 in total. Proceeds will fund eligible Canadian exploration expenses for the Tetepisca Graphite Property, with a hold period until April 25, 2024.
Purepoint Uranium Group Inc. Closes $1,000,000 Private Placement and Engages Red Cloud for Liquidity Services
Purepoint Uranium Group Inc. closed a non-brokered private placement, raising $1,000,004.95 by issuing 2,857,157 flow-through units priced at $0.35 each. Proceeds will fund exploration in the Athabasca Basin. Finder's fees totaled $45,000.90.
Great Pacific Gold Closes Private Placement Financing of $5,050,000
Great Pacific Gold Corp. closed a non-brokered private placement financing, raising $5,050,000 by issuing 11,222,222 units at $0.45 each. The offering includes common shares and warrants, with certain insiders participating, exempt from formal valuation and minority approval.
Volt Carbon Technologies Announces Closing of Second Tranche of Private Placement for Gross Proceeds of C$200,000.01 and Notice of Annual General Meeting
Volt Carbon Technologies Inc. closed the second tranche of its private placement, issuing 6,666,667 flow-through units for $200,000. The company plans to finalize the third tranche by January 3, 2025, and will hold its Annual General Meeting on April 15, 2025.
Canadian Gold Corp. Closes Final Tranche of Financing
Canadian Gold Corp. has completed a private placement, raising $775,089 through the issuance of 4,079,416 flow-through shares. The funds will be used for Canadian exploration projects. The company focuses on expanding the Tartan Mine's gold resources in Manitoba.
Forum Closes First Tranche of Private Placement
Forum Energy Metals Corp. closed a $832,000 private placement, issuing 8.32 million flow-through units at $0.10 each. Proceeds will fund Canadian uranium exploration and qualify for the critical mineral tax credit. Insider participation totaled $32,000, subject to hold periods.
Golden Spike Completes Gregory River Drilling Program
Golden Spike Resources Corp. announced the completion of a diamond drilling program at the Gregory River Property in Newfoundland, totaling 1,927 meters over 10 holes. The program identified mineralization zones and samples are submitted for analysis. Results are anticipated in the New Year.
Silver Bullet Mines Corp. Announces Strategic Financing
Silver Bullet Mines Corp. announces a strategic financing of up to $1.5 million through a private placement to fund development and exploration at its mines in Idaho and Arizona, while also providing shares as interest payments on debentures.
Fathom Nickel Announces the Closing of the First Tranche of Private Placement
Fathom Nickel Inc. has closed the first tranche of a non-brokered offering, raising $398,025 by issuing flow-through and non-flow-through units. Proceeds will fund eligible Canadian exploration expenses for projects in Saskatchewan. A second tranche is expected in January 2025.
Salazar Resources Announces Private Placement
Salazar Resources Limited is conducting a non-brokered private placement to issue up to 25 million shares at $0.07 each, aiming to raise $1.75 million for working capital and exploration. Insiders will participate, and the offering is subject to regulatory approvals.
GPM Metals Inc. Announces the Appointment of John Timmons as Chief Executive Officer
GPM Metals Inc. appoints John Timmons as the new CEO, bringing over 20 years of mineral exploration experience. He will lead the 2025 drilling program for the Walker River Project, relocating to Australia. Former CEO John Tait remains a shareholder.
Desert Gold Appoints Diallo Cheick Ousmane to VP Exploration, West Africa
Desert Gold Ventures Inc. appointed Mr. Diallo Cheick Ousmane as Vice President of Exploration for West Africa, recognizing his 15+ years of experience in gold exploration. Mr. Don Dudek resigns as Director but will remain as Senior Technical Advisor, focusing on the company's growth.
Lode Gold Announces $350,000 Non-Brokered Financing
Lode Gold Resources Inc. announced a non-brokered financing of $350,000 via the issuance of 1,944,444 units at $0.18 each, with plans for the proceeds to fund corporate and working capital needs. The company also discusses its mining projects in Canada and the U.S.
Fairchild Announces Final Increase of Its Unit Offering
Fairchild Gold Corp. is increasing its non-brokered private placement offering by 2 million units due to investor demand, totaling 17 million units. Each unit includes a common share and a warrant, with specific terms for exercise and expiration. Closing is expected on December 24, 2024.
Argyle Announces Closing of Private Placement Offerings
Argyle Resources Corp. has completed a non-brokered private placement, raising $1,002,500 by issuing 1,855,926 units at $0.54 each. The funds will be used for Canadian exploration expenses qualifying under the Income Tax Act, specifically for critical mineral mining.
SPOD Lithium Announces Second Tranche Closing
SPOD Lithium Corp. announced a second tranche closing of its non-brokered private placement, raising $85,000 by issuing 1.7 million units at $0.05 each. Each unit includes a common share and a warrant, with specific terms for acquisition and expiration. A director participated, qualifying as a related party transaction.
Cruz Battery Metals and Makenita Resources Announce Closing of Plan of Arrangement and CSE Conditional Approval for the Makenita Shares
Cruz Battery Metals Corp. has successfully completed a spin-off arrangement, transferring its Hector Silver-Cobalt Project to Makenita Resources Inc. Makenita has received conditional approval for a CSE listing, and shareholders received new shares in both companies.
Regal Resources Inc. Announces Filing of 2024 and 2023 Audited Consolidated Financial Statements and Related Materials
Regal Resources Inc. has filed its annual audited financial statements for 2023 and 2024, along with interim statements for October 2024. The company plans to request the lifting of cease trade orders from 2015 due to past filing failures.
Basin Uranium Announces Non-Brokered Private Placement of Units
Basin Uranium Corp. is launching a non-brokered private placement to raise up to $750,000 by offering 5 million units at $0.15 each, with each unit including a common share and a warrant. Proceeds will support U.S. property development and corporate needs.
Appia Announces Non-Brokered Private Placement
Appia Rare Earths & Uranium Corp. is conducting a non-brokered private placement of up to 4,166,666 flow-through units at $0.12 each, aiming to raise $500,000 for exploration expenses in Saskatchewan. Closing is set for December 31, 2024.
Kincora Announces Closing of Private Placement, Performance Rights Exercise and Shares for Services
Kincora Copper Limited has successfully closed a private placement, issuing 33,500,659 shares and raising AUD$1,273,025. The placement occurred in two tranches, with participation from insiders. The shares were sold at a discount, and related party transactions were disclosed.
Anquiro Ventures and Black Pine Announce Results of Annual General and Special Meetings
Anquiro Ventures Ltd. and Black Pine Resources Corp. held their annual general meetings on December 20, 2024, where shareholders approved all items, including director nominations and auditor appointments. AQR's merger with Black Pine was also approved.
Aurania Announces Closing of Private Placement
Aurania Resources Ltd. announced the closing of its second tranche of a private placement financing, raising C$459,334 by selling 1,020,744 units at C$0.45 each. Proceeds will fund exploration in France and general working capital, with potential activities in Ecuador. The company also settled debt by issuing shares to CEO Dr. Keith Barron.
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