Mining News Releases & Company Updates - Page 95
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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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Romios Announces a Non-Brokered Flow-Through Offering of up to $75,000
Romios Gold Resources Inc. is launching a non-brokered private placement of up to 2.5 million flow-through units at $0.03 each, aiming to raise $75,000 for exploration in British Columbia and Ontario. The offering includes warrants for future share purchases.
IAMGOLD Announces Closing of Previously Announced Sale of Exploration and Development Assets in Guinea
IAMGOLD Corporation has finalized the sale of its 100% interest in the Karita Gold Project in Guinea as part of a larger deal valued at approximately $282 million, which includes projects in Senegal, Guinea, and Mali. The company is committed to sustainable mining practices.
Nexa Resources Announces Closing Transaction of Chapi Mine Sale to Quilla Resources
Nexa Resources has completed the sale of Minera Pampa de Cobre, owner of the Chapi copper mine, to Quilla Resources Peru. Quilla plans to restart operations and explore the site. Nexa is a major zinc producer in Latin America with extensive mining assets.
Element 29 Completes the First Two Holes from the Phase-III Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Central Perú
Element 29 Resources Inc. has successfully completed two drill holes at its Elida Copper-Molybdenum-Silver Deposit in Peru, indicating strong mineralization potential. Awaiting assay results, the company plans to resume drilling in early Q2 2025 to expand and enhance resource estimates.
Delta Announces Warrant Extension
Delta Resources Limited plans to extend the exercise period for nearly 12.4 million warrants by six months, now expiring on July 23, 2025. This constitutes a related party transaction, with exemptions applicable under specific regulations. A material change report will be filed.
West Point Gold Announces Stock Option Grant
West Point Gold Corp. has granted 4,950,000 stock options to its officers, directors, and consultants as part of its 2020 Stock Option Plan. The options have varying vesting schedules and expiration dates. The company focuses on gold exploration in Nevada and Arizona.
Canterra Minerals Closes $4.6 Million in Financings
Canterra Minerals Corporation completed a non-brokered private placement, issuing over 34 million flow-through shares and 5 million units for gross proceeds of approximately $4.6 million. Proceeds will fund exploration and general working capital, with related fees paid to finders.
Doubleview Gold Corp Announces Oversubscribed Private Placement Closing
Doubleview Gold Corp. raised approximately $1.6 million through a non-brokered private placement, issuing Non-Flow-Through Units and Flow-Through Shares to fund exploration and development of its BC projects, particularly the Hat Project.
Besra Gold Announces Results of Annual General and Special Meetings of Shareholders
Besra Gold Inc. held its annual general and special meetings on December 20, 2024, where shareholders approved all proposed resolutions, including appointing an independent chair. A total of 258 million shares were voted, representing 61.75% of shares outstanding.
Snow Lake Energy Secures Funding to Advance Uranium Exploration, Supporting Nuclear Energy's Critical Role in Powering AI Data Centers
Snow Lake Resources Ltd. announces it is funded to advance uranium exploration in 2025, focusing on the Engo Valley and Black Lake projects. Initial assay results from Engo Valley are expected in January, emphasizing the growing role of nuclear energy in supporting technological advancements.
Kobrea Closes Private Placement
Kobrea Exploration Corp. has completed a non-brokered private placement, issuing 11,627,907 units at $0.43 each, raising $5 million. The proceeds will fund exploration and working capital. Securities are subject to a hold period until April 21, 2025.
Austral Gold Obtains US$7M Secured Loan for Casposo Plant
Austral Gold Limited announced that its subsidiary, Casposo Argentina Ltd, secured a US$7 million loan from Banco San Juan S.A. to refurbish the Casposo Plant. The funds will support a partnership with Challenger Gold to process material from Hualilan Project.
Teako Announces Shares for Debt Transaction
Teako Minerals Corp. announces a $172,500 debt settlement by issuing 1,916,661 shares to creditors for services rendered. This includes a related party transaction with insiders and will follow exemptions from formal valuation and approval requirements under MI 61-101.
Atomic Minerals Provides Update on Properties in the Athabasca Basin and Northern Saskatchewan
Atomic Minerals Corporation has amended its Asset Purchase Agreement for a uranium land package in Northern Saskatchewan, adjusting payment terms and returning certain projects to focus on four high-priority properties. The changes aim to enhance exploration and development efficiency.
Argo Acquires Additional Saskatchewan Uranium Claim
Argo Gold Inc. has agreed to acquire a 100% interest in the Thunderclap mineral claim in Saskatchewan for $1,000, expanding its uranium claims to 16,059 hectares in the Athabasca Basin. The claim is near several significant uranium mines and has historical drilling results.
Astra Exploration Announces Results of Annual General Meeting and Issues Stock Options
Astra Exploration Inc. reported that 40.02% of shares voted at its AGM on December 12, 2024, with all matters approved. The company issued 5,785,000 stock options to directors and consultants. Astra focuses on precious metals projects in Latin America.
Blue Sky Discovery Delivers for Tower as Expected; Hole 55 Intersects 31.5 m of 4.15 g/t Au, Hits Seven Overlying Gold Zones Including 9.0 m of 2.92 g/t Au
Tower Resources Ltd. reports promising gold assays from hole RN24-055 at the Blue Sky discovery in the Kamloops mining district, revealing an intersection of 31.5 m averaging 4.15 g/t Au, along with several other anomalous gold zones, indicating strong development potential.
Military Metals Summarizes 2024 and Provides Outlook for 2025, Antimony Price Reaches $38,000 USD per Tonne, up 192% for the Year
Military Metals Corp. reports significant growth in 2024 with the acquisition of its first antimony property, building a strong portfolio in top mining regions. The company anticipates a promising 2025, focusing on de-risking its flagship asset as antimony prices rise.
Ongold Announces Closing of Acquisition of Monument Bay and Domain Projects in Manitoba
ONGold Resources Ltd. has finalized the acquisition of 100% interests in the Monument Bay and Domain Projects in Manitoba from Agnico Eagle Mines and Capella Minerals. This strengthens ONGold's exploration portfolio and involves issuing 8.7 million shares to Agnico Eagle.
IAMGOLD Announces Amended and Upsized Credit Facility
IAMGOLD Corporation has amended its revolving credit facility, extending the term to December 20, 2028, and increasing the size from $425 million to $650 million. This move aims to enhance financial flexibility and reduce debt costs as the company anticipates strong cash flows in 2025.
Salazar Resources Announces Purchase of Ecuadorian Exploration Properties from Silvercorp Metals Inc.
Salazar Resources Limited has signed a binding agreement to purchase exploration assets in Ecuador from Silvercorp Metals Inc., acquiring full ownership of certain projects in exchange for NSR royalties. The transaction is expected to finalize in Q1 2025.
Midnight Sun Confirms Kazhiba Licence Renewal
Midnight Sun Mining Corp. announced the approval of its Large Scale Exploration Licence for the Kazhiba Target, resolving prior concerns and enabling further exploration. The company plans to collaborate with First Quantum Minerals for copper mineralization near Kansanshi.
DLP Resources intersects 256m of 0.68% CuEq* within a 1007.50m interval of 0.37% CuEq*, on the Aurora Project, Finalizes Metallurgical Study & Extends Warrants
DLP Resources Inc. reports successful drill results for hole A24-022 at its Aurora project in Peru, showing significant copper-silver and molybdenum mineralization. Initial metallurgical tests were inconclusive, but further work improved recovery rates for metals.
Bonterra Grants Security-Based Compensation
Bonterra Resources Inc. announced the grant of 300,000 restricted share units and 750,000 stock options to its officers. The company is focused on gold exploration in Quebec, holding significant assets and engaging in a joint venture with Gold Fields for further development.
District Comments on Uranium Mining Announcement from the Swedish Government
District Metals Corp. announces that the Swedish Government plans to lift the uranium mining moratorium established in 2018, following a rapid inquiry. The ban will be overturned, and uranium will be regulated under the Minerals Act, with legislative changes expected by January 2026.
Manganese X Energy Corp. Announces Closing of Flow-Through Private Placement Financing
Manganese X Energy Corp. closed a non-brokered private placement, raising $371,000 by issuing 10.6 million flow-through shares at $0.035 each. Proceeds will fund exploration at the Battery Hill Project. The placement is pending regulatory approval.
Cabral Gold Announces Closing of Final Tranche of Private Placement
Cabral Gold Inc. announced the completion of its non-brokered private placement, raising $2.1 million by issuing 8.75 million units at $0.24 each. Proceeds will fund drilling at the Cuiú Cuiú project and general operations. Securities are subject to a four-month hold.
Renegade Gold Closes $1,070,310 Private Placement of Flow-Through Shares
Renegade Gold Inc. has completed a non-brokered private placement of flow-through common shares, raising $1,070,310 for Canadian exploration expenses in Ontario. Finder's fees were paid, and all securities issued are subject to a hold period until April 20, 2025.
Medaro Mining Announces Shares for Debt Settlement
Medaro Mining Corp. is settling $87,777 of debt by issuing 501,582 common shares at $0.175 each, with no warrants involved. This move aims to reduce debt and improve financial health, pending approval from the Canadian Securities Exchange.
Gold Digger Resources Inc. Announces Update Regarding Proposed Acquisition of Premium Uranium Corporation
Gold Digger Resources Inc. is advancing its acquisition of Premium Uranium Corporation, aiming to close the deal by late December 2024. Post-acquisition, PURC and its subsidiary UA92 will become wholly-owned, granting Gold Digger mineral rights in Botswana.
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