Mining News Releases & Company Updates - Page 96
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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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Blackrock Silver Announces Annual General Meeting Results
Blackrock Silver Corp. held its Annual General Meeting on December 20, 2024, in Vancouver, where shareholders approved all proposed resolutions, including director elections, auditor appointment, and the Omnibus Equity Incentive Compensation Plan. Key officers were appointed post-meeting.
Kenorland Completes Top-Up Right from Sumitomo and Centerra
Kenorland Minerals Ltd. announced the completion of a private placement where Sumitomo and Centerra exercised their rights to retain interests in the company by acquiring shares. The transaction is considered a related party transaction under securities regulations.
RJK Announces Approval of Warrant Amendments
RJK Explorations Ltd. announces TSX Venture Exchange approval for amendments to 900,000 share purchase warrants, extending their expiry to December 31, 2026, with revised exercise prices for some. All warrant holders consented to the changes.
Boreal Gold Announces Private Placement for 510,000 Shares
Boreal Gold Inc. plans to raise $153,000 through a non-brokered private placement of shares and units, to fund working capital and projects at Fay Lake and Melgurd Lake properties in Manitoba. The offering is subject to regulatory approvals and holds.
Colibri and Its Option Partner Drills 94.80 g/t Ag and 1.12 % Zn over 2.50 Metres at the Diamante Property, Sonora, Mexico
Colibri Resource Corporation and Silver Spruce Resources report drilling results from the Diamante property in Mexico, highlighting a significant mineralization discovery with high silver and lead grades. The program included 7 drill holes, expanding exploration potential despite core recovery issues.
Equity Metals Closes Oversubscribed Non-Brokered Flow-Through Private Placement
Equity Metals Corporation announced the closure of a private placement, issuing 9.16 million flow-through units for $2.47 million. Proceeds will fund exploration at the Silver Queen project and initial work on the Arlington property, with a hold period until April 2025.
Auric Minerals Announces Filing of Business Acquisition Report, and Changes to Management and Board
Auric Minerals Corp. has completed the acquisition of Central Uranium Resources Corp. and filed the Business Acquisition Report, including CURC's financials. CEO Dimitri Lakutin has resigned, with Christopher Huggins appointed as acting CEO.
Surge's Nevada North Lithium Project Moves to the 30-Day National Environmental Policy Act (NEPA) Environmental Assessment Public Comment Period
Surge Battery Metals Inc. has initiated a 30-day public comment period for its Exploration Plan of Operations and Reclamation Plan Permit Application for the Nevada North Lithium Project, allowing expanded drilling and environmental assessments by the Bureau of Land Management.
Snow Lake Provides Corporate Update
Snow Lake Resources Ltd. has successfully completed a US$6.45 million public offering, funding its 2025 uranium exploration programs. The Engo Valley Phase 1 drill program is complete, with Phase 2 set to begin in early 2025, while winter drilling at Black Lake will finish by December 2024.
Snow Lake Energy Announces Closing of Public Offering
Snow Lake Resources Ltd. closed a public offering of 15.75 million shares at $0.41 each, raising approximately $6.45 million for working capital. The offering was facilitated by ThinkEquity and is part of ongoing uranium exploration efforts.
Valkea Announces Results of AGM and Welcomes George Salamis to the Board
Valkea Resources Corp. held its Annual General Meeting, where shareholders approved all business items, including the election of directors. George Salamis was elected as Independent Lead Director, bringing extensive mining experience. CEO Chris Donaldson expressed enthusiasm for Salamis' contributions to Valkea's growth in Finland.
Colibri and Partner to Begin Diamond Drilling at Pilar and Closes Financing
Colibri Resource Corporation and Tocvan Ventures will start a 1,250-meter diamond core drilling program at the Pilar Gold & Silver Project in Mexico in January 2024, aimed at developing a geological model for a maiden resource estimation.
Caprock Announces Proposed Private Placement and Proposed Issuance of First Tranche of Shares Pursuant to Destiny Gold Project Option Agreement
Caprock Mining Corp. is proposing a financing plan to raise up to $420,125 through hard dollar units and flow-through units for exploration expenses related to the Destiny gold property in Québec, with specific terms for shares and warrants outlined.
South Pacific Metals Announces Change of Auditor and Change in Year-End
South Pacific Metals Corp. has changed its auditor from Smythe LLP to Davidson & Company LLP as of December 10, 2024, and has also shifted its financial year-end from December 31 to March 31 to enhance efficiency. The next interim statements will cover Q4 2024.
DynaResource Reports November Production and Management Initiatives at the San Jose de Gracia Mine
DynaResource, Inc. reported November 2024 production results from its San Jose de Gracia Mine, achieving 2,182 ounces of gold and an average of 770 tons milled daily, despite power outages. The company anticipates annual production of 25,500 to 26,000 ounces of gold.
Denarius Metals Announces Consent from Holders to Amend Terms of Its Convertible Unsecured Debentures
Denarius Metals Corp. announced it received consent from debenture holders to amend terms for its 2023 and 2024 convertible unsecured debentures, including delaying Gold Premium Payments and extending maturity dates. Final approval is pending from Cboe Canada.
Maple Gold Completes Joint Venture Restructuring Transaction
Maple Gold Mines Ltd. has completed a joint venture restructuring, gaining 100% ownership of the Douay and Joutel Gold Projects in Québec. The company aims to enhance value through resource expansion and new discoveries, supported by over $8 million in funding.
Silicon Metals Corp. Announces Amendment to Longworth Option Agreement
Silicon Metals Corp. announced an amendment to its option agreement with Cronin Exploration for the Longworth Silica Project, allowing the company to earn a 100% interest. The new requirement includes a $35,000 prepayment for exploration within 60 days.
Defiance Silver Provides Update on San Acacio Agreement
Defiance Silver Corp. has extended its option agreement for the San Acacio Silver Project in Mexico, moving the payment deadline from December 31, 2024, to March 31, 2025, at the vendor's request. The economic terms remain unchanged, pending notary ratification.
First Majestic Provides Update Regarding Gatos Silver's Joint Venture with Dowa Metals & Mining Co., Ltd.
First Majestic Silver Corp. announced that Gatos Silver, Inc. has amended agreements with Dowa Metals regarding the Los Gatos Joint Venture, enhancing Gatos' management rights and allowing full consolidation of financial statements, effective January 1, 2025.
SPOD Lithium Announces Private Placement of Flow-through Units
SPOD Lithium Corp. plans a private placement of flow-through units at $0.065 each, aiming to raise up to $750,000. Each unit includes a common share and a warrant, with proceeds allocated for exploration of its Lithium Grande 4 and MegaLi properties.
Endurance Accelerates 100% Ownership of the Entire Reliance Gold Project, B.C.
Endurance Gold Corporation has acquired 100% interest in the majority of the Reliance Gold Project in British Columbia by fulfilling three option agreements, involving cash payments of $205,000 and issuing 3.1 million shares, along with 750,000 share purchase warrants.
Nine Mile Metals Announces Non-Brokered Private Placement
Nine Mile Metals Ltd. plans a non-brokered private placement to raise up to $300,000 by issuing up to 8.57 million flow-through units at $0.035 each. Proceeds will fund exploration activities in New Brunswick's Bathurst Mining Camp, focusing on critical minerals.
Pluto Ventures Announces Letter of Intent to Acquire Rights to Alaska Mining Assets
Pluto Ventures Inc. has signed a Letter of Intent to acquire all shares of 1508260 B.C. Ltd., which holds rights to the Union Bay mineral claims in Alaska. The deal involves issuing shares and warrants but is subject to due diligence and regulatory approvals.
Mason Resources Inc. Announces AGM Results
Mason Resources Inc. announced the election of seven directors at its Annual General Meeting, with over 50% shareholder representation. Shareholders also approved McGovern Hurley LLP as auditors and reapproved the Stock Option Plan, expressing gratitude for ongoing support.
ATEX Announces Early Achievement of 100% Ownership of the Valeriano Project
ATEX Resources Inc. has achieved 100% ownership of the Valeriano Copper Gold Project by fulfilling conditions of an option agreement with Sociedad Contractual Minera Valleno, including a final payment of US$8 million made in shares.
Bayhorse Silver Underground Drilling Progress at the Bayhorse Silver Mine
Bayhorse Silver Inc. reports ongoing diamond drilling at its silver-copper-antimony mine in Oregon. Drilling has reached a brecciated zone with elevated copper, zinc, and lead levels. CEO Graeme O'Neill finds the results encouraging, with further updates expected.
Minnova Provides Update on Proposed Debt Settlement
Minnova Corp. plans to settle $800,000 in debt by issuing 15,999,999 common shares at $0.05 each. This includes converting $708,542 owed to CEO Gorden Glenn into shares, potentially making him a "Control Person." Approval from shareholders and TSXV is required.
Mineral Road Closes Flow Through Share Financing
Mineral Road Discovery Inc. has closed a non-brokered private placement, issuing 5,291,667 flow-through shares at $0.12 each for $635,000. Proceeds will fund eligible Canadian exploration expenses in Quebec, with a hold period until April 20, 2025.
Intrepid Metals Appoints Mr. Richard Lock to Board of Directors
Intrepid Metals Corp. has appointed Richard Lock to its Board of Directors. Lock, a seasoned mining engineer with extensive project leadership experience, will contribute to advancing Intrepid's Arizona projects, enhancing their potential for sustainable growth.
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