Mining News Releases & Company Updates - Page 98
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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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Snow Lake Energy Announces Proposed Public Offering
Snow Lake Resources Ltd. plans a public offering of common shares or pre-funded warrants, with ThinkEquity as the placement agent. Proceeds will fund working capital. The offering is subject to market conditions and details will be filed with the SEC.
First Phosphate Announces Intention to Complete $1,000,000 Non-Brokered Private Placement
First Phosphate Corp. is launching a non-brokered private placement to raise at least $1 million through flow-through shares and hard dollar units, with proceeds allocated for exploration in Québec. The offering will close by December 31, 2024.
Canadian Critical Minerals Generates USD$198,000 in Revenue from Bull River Mine
Canadian Critical Minerals Inc. reported November 2024 revenues from the Bull River Mine, shipping 524 dmt of mineralized material to New Afton for approximately USD$198,000. Despite winter-related challenges, the material's grades were the highest achieved. The company has shipped 5,825 tonnes to date and is preparing to process stockpiled fines.
Record Resources Updates Status of Beauchamp Hydrogen Property Acquisition
Record Resources Inc. is collaborating with the TSX Venture Exchange to address information requests about a recent arm's-length agreement for 100% ownership of hydrogen claims. The agreement involves issuing shares and cash, while the vendor retains a royalty.
Nio Strategic Metals Closes Flow-Through Shares Private Placement to Advance Oka and Fafnir Explorations
Nio Strategic Metals Inc. announced a private placement of 5,483,333 flow-through shares to raise approximately $329,000 for exploration of niobium and critical metals in Quebec. The offering involves finder's warrants and is subject to regulatory approval.
Nicola Mining Letter to Shareholders
Nicola Mining Inc. shares its 2024 milestones, highlighting operational cash flow enabling significant debt prepayment, new executive appointments, a 3D survey for the New Craigmont Copper Project, a milling agreement with Talisker, and progress on a cement plant.
First Phosphate Signs Long-term Offtake Agreements and Pursues Interest from Financial Partner
First Phosphate Corp. announced two long-term offtake agreements to secure future production in Saguenay, Quebec, reducing project risks and aiding financing. The company is also discussing financial collaboration with the Pekuakamiulnuatsh First Nation to support project development.
Spanish Mountain Gold Intercepts Continuous Mineralization
Spanish Mountain Gold Ltd. announced positive results from its 2024 drill program at the Spanish Mountain Gold project in British Columbia. Notable findings include hole 24-DH-1268 with 96.5 m at 0.91 g/t Au, and high-grade intervals. Other holes also showed significant gold grades.
Dryden Gold Completes $3.38 Million Non-Brokered Private Placement and Strategic Investment by Centerra Gold
Dryden Gold Corp. has completed a C$3.38 million private placement, issuing 14,930,000 shares, with Centerra Gold acquiring 9.9% of the company. The funds will support exploration on Dryden's property in Ontario, with shares subject to a four-month hold.
Ridgeline Minerals Provides Year-End Exploration Update for its Nevada Portfolio
Ridgeline Minerals Corp. provides a year-end update on its Nevada projects, highlighting ongoing drilling and exploration partnerships with Nevada Gold Mines and South32. The company plans a $5 million exploration budget for 2024, primarily funded by partners, with positive progress noted in multiple projects.
Independence Gold Provides an Update on the Winter Drill Program at the 3Ts Project, BC
Independence Gold Corp. updates on its winter drilling at the 3Ts Project in British Columbia, focusing on mineralized vein systems. Twelve drill holes have been completed, with analysis underway. The program resumes in January 2025, aiming for a 10,000m expansion.
Wedgemount Announces Operations Update
Wedgemount Resources Corp. provided an operations update on its West Central Texas oil and gas activities, highlighting successful gas well reclassification, ongoing chemical treatments, and production improvements. The company anticipates completing its audit by January 15, 2025.
Volt Carbon Granted U.S. Patent for Novel Graphite Extraction Technology and Extends Placement
Volt Carbon Technologies Inc. has announced the issuance of U.S. Patent No. 12,172,192 for its innovative air classifier technology, which offers an environmentally sustainable method for graphite extraction, reducing water use and greenhouse gas emissions by up to 99%.
American Eagle Gold Delivers Multiple High-Grade Copper Equivalent Intercepts at NAK
American Eagle Gold Corp. reports promising drill results from the NAK project, with significant high-grade copper-gold mineralization in multiple intercepts. The ongoing drilling confirms the system's scale and potential, with additional assay results pending.
Zephyr Appoints Brian Arkell to Board of Directors
Zephyr Minerals Ltd. has appointed Brian Arkell to its Board of Directors, pending regulatory approval. Arkell brings 35 years of experience in exploration and mine development, having worked on notable gold projects globally. His expertise is expected to benefit Zephyr and its shareholders.
NorthX Nickel Announces Agreement to Sell Sudbury Portfolio
NorthX Nickel Corp. has signed an asset purchase agreement with Magna Mining Inc. for the sale of its Sudbury nickel properties. NorthX will focus on its Grasset Project in Quebec. The deal includes a nominal payment and assumption of liabilities by Magna, pending regulatory approvals.
Magna Mining Acquires Additional Critical Mineral Exploration Assets in the Sudbury Basin Mining District
Magna Mining Inc. has announced an agreement to acquire base metals assets from NorthX Nickel Corp. in the Sudbury Basin, enhancing its exploration portfolio. The properties, believed to have high discovery potential, complement existing assets and support Magna's growth strategy.
Standard Uranium Announces Engagement of Fleet Space Technologies for ExoSphere Multiphysics at Flagship Davidson River Project
Standard Uranium Ltd. has engaged Fleet Space Technologies to use their innovative ExoSphere Ambient Noise Tomography and gravity surveys at the Davidson River project, marking the first such deployment in the southwest Athabasca Basin to enhance uranium exploration.
Nickel 28 Files Fiscal Q3 2025 Financial Statements
Nickel 28 Capital Corp. reported strong quarterly results for the period ending October 31, 2024, highlighting significant cash distributions, debt repayments, and production figures from its Ramu Nickel-Cobalt operation, alongside ongoing investigations and operational challenges.
T2 Metals Reports First Two of Nine Holes from Second Drill Program at the Sherridon VMS Project, Manitoba
T2 Metals Corp. announced promising assay results from its Q4 2024 drilling program at the Sherridon VMS Project in Manitoba, highlighting a significant intersection of high-grade polymetallic minerals, including copper and zinc, with plans for further drilling in Q1 2025.
F3 Welcomes Rebecca Greco to the Board of Directors
F3 Uranium Corp. appointed Rebecca Greco to its Board of Directors, leveraging her 15+ years of corporate communications experience. The company is focused on uranium exploration at its Patterson Lake North Project in Saskatchewan, highlighting its potential for new operations.
RETRANSMISSION: Cruz Battery Metals Provides Update on Proposed Spin Out of Hector Property by way of Plan of Arrangement and Announces Share Distribution Date of December 23, 2024
Cruz Battery Metals Corp. is finalizing a plan of arrangement with its subsidiary Makenita Resources, approved by shareholders and the British Columbia Supreme Court. The arrangement involves transferring the Hector Silver-Cobalt Project and distributing Makenita shares to Cruz shareholders on December 23, 2024.
AJN Resources Inc. Announces Results of 2024 Shareholders' Meeting and Appointment of New CFO
AJN Resources Inc. announced the results of its 2024 annual general meeting, where all resolutions were approved. Klaus Eckhof and Mark Gasson were re-elected to the board, with Philip Knowles appointed as CFO. The company thanks Gasson for his service.
Fairchild Announces Additional Unit Offering
Fairchild Gold Corp. is expanding its private placement by issuing 15 million Units at $0.06 each, including shares and warrants. Proceeds will pay off a $500,000 debt and fund exploration in Nevada. The offering closes around December 20, 2024.
Decade Announces Non-Brokered Private Placement
Decade Resources Ltd. is initiating a non-brokered private placement to raise up to $125,000 through the sale of 2.5 million flow-through units at $0.05 each. The offering includes tax benefits from the Mineral Exploration Tax Credit for investors.
Vicuña Exploration Update: Field Season Underway at the Filo Sur Project in the Prolific Vicuna Copper Gold Silver District
Mogotes Metals Inc. is advancing its 2024/25 exploration program at the Filo Sur project, conducting trenching, sampling, and mapping at key targets. The company is optimistic about mineralization trends from the nearby Filo Del Sol project and is refining drilling targets.
Defiance Silver Files Technical Report for Its Zacatecas Project
Defiance Silver Corp. has filed a new technical report on its Zacatecas Project, addressing compliance issues with previous mineral resource estimates. The report includes recent drilling data and geological work that has not yet been integrated into existing resource models.
Doubleview Gold Corp Announces Private Placement
Doubleview Gold Corp. is raising up to $1.5 million through a non-brokered private placement, offering non-flow-through units and flow-through shares to fund exploration activities at its BC projects, particularly the Hat Project.
Sailfish Creates New Royalty with Sale of Gavilanes Silver Project
Sailfish Royalty Corp. has entered a share purchase agreement with Advance Metals Limited to sell all shares of Swordfish Silver Corp., which holds mineral rights to the Gavilanes silver project in Mexico. The deal includes cash, shares, performance rights, and a royalty.
Torex Gold to Restart Operations and Project Activities at the Morelos Complex
Torex Gold Resources Inc. announces the lifting of a temporary suspension by the Director General of Mines, allowing full resumption of activities at the Morelos Complex, including mining and processing. Production guidance for 2024 remains steady, with a focus on safety following a recent tragedy.
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