EDM Resources Inc. is pleased to announce the closing of the first tranche of the previously announced non-brokered private placement financing for aggregate gross proceeds of C$777,705 . The Offering was initially announced on September 30, 2024, and the Company announced that it had been upsized to $1,500,000 in its news release of October 11, 2024. The President and CEO, Mr. Mark Haywood, stated: "EDM is pleased to announce the closing of the first tranche of our $1.5M overall financing. The second and final tranche is expected to close on or before November 14, 2024." The first tranche closing involved the issuance of 7,070,046 Units at a price of C$0.11 per Unit for gross proceeds of C$777,705, each Unit consisting of one common share of the Company and one share purchase...

Strong All-in Sustaining Costs Drive Increasing Margins and Record Free Cash Flow Generation, Provides 2024 Operational Outlook Update TORONTO, Oct. 29, 2024 /CNW/ - New Gold Inc. reports third quarter results for the Company as of September 30, 2024. Third quarter 2024 production was 78,369 gold ounces and 12.6 million pounds of copper, at operating expenses of $1,021 per gold ounce sold 3 and all-in sustaining costs1 of $1,195 per gold ounce sold . The strong cost performance allows the Company to leverage higher metal prices, resulting in record cash flow from operations of $128 million and record free cash flow1 of $57 million. Third Quarter Delivers Highest Production and Lowest Costs This Year, Trends Expected to Continue into the Fourth Quarter "New Afton delivered a st...

Electric Metals Ltd. announces that it has granted an aggregate of 793,376 deferred share units to its non-management directors for consideration for services rendered, and 200,000 incentive stock options to an officer of the Company. The DSUs were granted at an average grant price of C$0.11 per unit. The stock options have an exercise price of C$0.25; 100,000 vest on June 19, 2025, with the remaining options vesting based on key performance metrics. The DSUs and stock options were granted in accordance with the Company's Omnibus Incentive Plan, which was approved by shareholders on June 26, 2024. About Electric Metals Limited Electric Metals Limited is a US-based mineral development company with manganese and silver projects geared to supporting the transition ...

Elemental Altus Royalties Corp. is pleased to announce that the Company will hold its Annual General and Special Meeting of shareholders on November 28, 2024 at 10:00 a.m. at Suite 1020 - 800 West Pender Street, Vancouver, British Columbia, V6C 2V6. The purpose of the Meeting will be, among other things, to elect the Company's board of directors , to ratify the re-appointment of its auditors, to ratify the Company's omnibus equity incentive plan and to approve the Policy . All shareholders of record as of October 30, 2024, are entitled to vote at the meeting in person or by proxy. The Board of Directors has duly nominated nine candidates for election. Those candidates are John Robins, Frederick Bell, Robert Milroy, Martin Turenne, David Netherway, Peter Williams, Prashant Fra...

SPOD Lithium Corp. is pleased to announce that it has appointed Richard Goldstein to its Board of Directors, effective immediately. Richard Goldstein has over 31 years' experience working in all facets of capital markets, including investment banking, and institutional sales and trading. Prior to founding First Republic Capital Corp., an exempt market dealer, 13 years ago, he was a founding partner at Fraser Mackenzie before serving as the Executive Vice-President and Head of investment banking at Standard Securities. He is a Concordia University International Business Graduate and holds an MBA from McMaster University. Mathieu Couillard, SPOD's CEO commented, "We are thrilled to have Richard Goldstein on our team. Richard's extensive network of retail and institutional inves...

B2Gold Corp. is pleased to announce the appointment of Greg Barnes and Basie Maree to its Board of Directors , effective November 1, 2024. Following the appointments, the B2Gold Board will consist of ten members, nine of which are independent. Kelvin Dushnisky, Chair of the Board of B2Gold, commented, "On behalf of the Board and executive team, I am pleased to welcome Greg Barnes and Basie Maree to the B2Gold Board. Both Greg and Basie possess a breadth of knowledge and bring deep and distinctive skill sets that will be invaluable to the Company moving forward. Greg's extensive involvement in capital markets and Basie's wide range of operational and project development experience on a global scale will directly benefit the Company as we continue to enhance our investor profil...

Lumina Gold Corp. is pleased to announce the results of its annual general and special meeting of shareholders held on October 29, 2024 in Vancouver . Lumina's shareholders voted in favour of each of the matters considered at the Meeting, including: Electing each of Marshall Koval, Lyle Braaten, Donald Shumka, Michael Steinmann, Stephen Stow and Heye Daun as directors of the Company to hold office for the ensuing year; Appointing KPMG LLP, Chartered Professional Accountants, as the auditor of Lumina until the next annual meeting of shareholders, and authorizing the board of directors to set their remuneration; and Approving Lumina's omnibus equity compensation plan. About Lumina Gold Lumina Gold Corp. is a Vancouver, Canada based precious and base metals development company f...

Projects are Expected to Drive Significant Production Growth and Cost Reduction New Gold Inc. is pleased to announce the completion of significant production milestones at the New Afton copper-gold mine in British Columbia and the Rainy River gold mine in Ontario. C-Zone, New Afton's fourth block cave, achieved commercial production ahead of schedule with the materials handling system coming online in October and the cave footprint reaching the targeted hydraulic radius for self-cave propagation. Installation of the gyratory crusher and conveyor system was completed ahead of schedule and C-Zone is now set up for high capacity, low-cost, low-emission ore transportation for the life-of-mine. Additionally, construction of the C-Zone cave footprint has reached the targeted 18 draw...

DESIGNATED NEWS RELEASE Uranium Royalty Corp. is pleased to announce that Mr. Ken Robertson has been appointed as a director of the Company. "I am pleased to welcome Ken to the board," said Scott Melbye, Chief Executive Officer of URC. "With a robust background in audit and financial management, Ken brings a wealth of expertise that will support our growth objectives and enhance our corporate governance. Ken's proven track record in leadership and commitment to best practices makes him an invaluable addition to our team." Mr. Robertson was previously a partner and Global Mining & Metals Group Leader with Ernst & Young LLP . During his career at EY in Canada and the United Kingdom, Ken developed extensive experience in initial public offerings, financings, governance and secur...

Radisson Mining Resources Inc. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement . Pursuant to the closing of this second tranche, Radisson issued 2,777,778 Charity flow-through Units of the Corporation at a price of $0.47 per CFT Unit. Gross proceeds of the second tranche is $1,305,555.66, representing to the Corporation, in addition to the first tranche, total Gross proceeds of $7,000,000.24. Each CFT Unit consists of one flow-through Share of the Corporation , sold at $0.47 on a charitable flow-through basis and one-half of Share purchase warrant exercisable at a price of $0.37 per Share for a period of 24 months following the closing date of the Offering . Matt Manson, President and CEO, comme...

Elcora Advanced Materials Corp. , , provides an update with respect to the previously announced Management Cease Trade Order that was issued by the Nova Scotia Securities Commission on July 30, 2024. The Company confirms that as of today it has completed and filed its audited annual financial statements for the year ended March 31, 2024, and the management's discussion and analysis and related CEO and CFO certificates for the period which were required to be filed on or before July 29, 2024. The Company also confirms today that it has filed its interim financials statements for the period ended June 30, 2024 and the management's discussion and analysis and related CEO and CFO certificates for the period which were required to be filed on or before August 29, 2024. The MCTO wi...

Vendetta Mining Corp. is pleased to announce that, further to its news releases dated September 4, 2024 and October 2, 2024, the Company has closed its previously announced non-brokered private placement whereby the Company completed the issuance of 39,500,000 units at a price of $0.01 per Unit for aggregate gross proceeds of $395,000. The Company received approval from the TSX Venture Exchange to increase the size of the Offering from $350,000 to $395,000 shortly before closing. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder thereof to acquire one Common Share of the Company at a price of $0.05 per Common Share for a period of 36 months from the closing date of the Offering. The Company will ...

- Silver Spruce Resources Inc. announced today that its 2024 annual general and special meeting of shareholders has been adjourned from the original meeting date of October 29, 2024 at 2:00 pm to the new date of November 5, 2024 at 2:00 pm . The details of the Meeting, including how to attend the Meeting, are set out in the Company's management information circular dated September 23, 2024 . The record date for determining shareholders entitled to vote at the Meeting remains the close of business on September 19, 2024. During the current adjournment, the Company continues to solicit votes from its shareholders with respect to all proposals set forth in the Meeting Information Circular. At the time the Meeting was adjourned, two shareholders were present in person and proxies ...