Sherritt International Corp. today announced an update on its operations in Cuba following the nationwide power outage that began on October 18, 2024 . Despite the power outage and adverse weather from the tropical storm that occurred shortly after, Sherritt maintains its 2024 guidance ranges. The Moa nickel mine and all Energas S.A. facilities returned to full operating capacity on October 27, 2024. Following the power outage, the Moa nickel mine was operating at a reduced capacity of 50% to 60% with power sourced from the mine site's own power generating capabilities. Despite this, there was not a material impact to mixed sulphides production. Moreover, the Corporation's refinery in Alberta had strategically built-up feed inventory earlier in the year, ensuring reliable feed...

K9 Gold Corp. is pleased to announce it has closed its Private Placement which was comprised of 1,428,570 units at a price of $0.07 per Unit. Each Unit is comprised of one common share and one share purchase warrant exercisable for a period of five years from closing at an exercise price of $0.10 per share. The common shares comprising a portion of the Units, and any common shares issued upon exercise of Warrants, are subject to a four month Exchange hold period expiring on March 1st, 2025 Proceeds from the Additional Private Placement will be used for general working capital. Two insiders participated in this financing for a total of 803,572 units. No commissions were paid in conjunction with the Private Placement. Toll Free Number: 434-GOLD Kosta Tsoutsis Director K9 Gold C...

TSX-V: MSR Minsud Resources Corp. , is pleased to announce the successful completion of its Phase IV infill drilling program at the Chinchillones prospect within the Chita Valley Project, located in San Juan Province, Argentina. A total of 126 drill holes have been completed at this prospect since 2020. The results from the last ten drill holes have helped to confirm the boundaries of the mineralized zone, refine the geological model, and enhance our understanding of the prospect. The infill drilling program is being carried out by Minera Sud Argentina S.A. , a joint venture between a wholly owned subsidiary of South32 Ltd. and a wholly owned subsidiary of Minsud Resources Corp. . The program covers approximately 2 square kilometres over the Chinchillones prospe...

VAL-D'OR, QC, Oct. 28, 2024 /CNW/ - Orbit Garant Drilling Inc. , one of the Canada's largest drilling services companies primarily serving the mining industry, announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of Orbit Garant on the open market in accordance with the rules of the TSX. Pursuant to the NCIB Program, Orbit Garant may purchase, from time to time, in aggregate up to 1,868,637 Common Shares over a 12-month period commencing on October 31, 2024, and terminating on October 30, 2025. Any repurchases under the NCIB Program will be made in Canada through the facilities of the TSX and/or alternative Canadian trading systems. Orbit Garant will pay the prevailing mar...

Silver Mountain Resources Inc. | | announces that as a result of a continuous disclosure review by staff of the Ontario Securities Commission, the Company has filed an amended and restated preliminary economic assessment for its Reliquias Mine in central Peru dated October 28, 2024 and with an effective date of May 15, 2024 , and a material change report disclosing certain information in respect of the Company's Chief Operating Officer to supplement the Company's annual information form for the year ended December 31, 2023. The Amended Technical Report contains no changes to the material disclosures in the previously filed technical report dated June 26, 2024, including no changes to the estimated mineral reserves and resources, the mine plan, cost estimates and economic anal...

MATHESON, ON, Oct. 28, 2024 /CNW/ - Mayfair Gold Corp. is pleased to announce the appointment of Nicholas Campbell to the position of Vice President of Corporate Development of Mayfair effective October 28, 2024. Mr. Campbell has more than 20 years of experience in the mining, minerals, and metals industry, and has held several leadership positions. Prior to joining Mayfair, Mr. Campbell was Vice President of Capital Markets of Artemis Gold Inc., a gold development company. Prior to that, Mr. Campbell served as Executive Vice President of Business Development of SilverCrest Metals Inc. and Chief Financial Officer of Goldsource Mines Inc. Mayfair's interim Chief Executive Officer, Darren McLean, commented: "We welcome Mr. Campbell to the Mayfair tea...

Lithium Americas Corp. is pleased to announce the closing of a $2.26 billion loan from the U.S. Department of Energy's Loan Programs Office under the Advanced Technology Vehicles Manufacturing Loan Program for financing the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada . HIGHLIGHTS The DOE Loan for $2.26 billion will have interest rates fixed from the date of each monthly advance for the term of the loan at applicable U.S. Treasury rates. The DOE Loan amount includes funding of interest accrued during construction. The DOE Loan will help finance the construction of Thacker Pass, targeted to produce an initial 40,000 tonnes per annum of battery-quality lithium carbonate . The Company is targeting to make the final investment deci...

NEO Battery Materials Ltd. , a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that it has closed the non-brokered private placement of 2,000,000 units of the Company at the price of $0.40 CAD per Unit for gross proceeds of $800,000 CAD. Each Unit consists of one common share of the Company and one-half of one non-transferable Common Share purchase warrant . Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.75 CAD for a period of 24 months from the closing date of the Offering. NEO intends to use the proceeds from this financing for research and development activities of the Company's silicon anode technology and general working capi...

Ashley Gold Corp. issues a correction in the Financing announced October 23, 2024. Non-Flow Through Units will be offered at $0.045 with Flow-through Unit terms are unchanged. Financing Terms and Use of Proceeds The Company announces a non-brokered private placement financing for aggregate proceeds of up to $300,000 to advance exploration on Ashley's Ontario gold properties. The Offering includes a flow-through component and a non-flow through component . The Offering consists of a combination of flow-through units and non-flow through units , at a price of $0.05 per Flow-Through Unit and $0.045 per Non-Flow Through Unit, for gross proceeds of up to $300,000. Each Flow-Through Unit is comprised of one flow-through common share and one-half of one non-flow through share purcha...

First Production and Cash-Flow Planned for Q1 2025 Compass Gold Corp. is pleased to provide an update on its plans to produce gold at the Massala prospect located along the 15 km Tarabala Trend, which is contained within the Company's Sikasso Property in southern Mali. Highlights Initial joint-production agreement reached for toll-treating Compass ore at the adjacent Small Mining Facility owned by SMAT, a Malian business group. Agreement calls for Compass to obtain a Small Mining permit utilizing a 'toll treating' agreement, and for SMAT to deliver and complete the installation of updated processing components at their production facility during Q1 2025. Free cash flow generated by operation would be used to fund operating cash requirements, convertible debenture repayments, ...

PrairieSky Royalty Ltd. is pleased to announce its third quarter operating and financial results for the three-month period ended September 30, 2024. Third Quarter Highlights: Royalty production revenues of $111.5 million combined with other revenues of $5.8 million to generate total revenues of $117.3 million for Q3 2024. Other revenues included bonus consideration of $4.1 million earned on entering into 54 new leasing arrangements focused on light and heavy oil targets across a number of different plays. Oil royalty production volumes averaged 12,733 barrels per day, a 5% increase over Q3 2023. Total royalty production averaged 24,422 BOE per day, a 4% decrease from Q3 2023 due to shut-ins and declines in natural gas and NGL production primarily as a result of weak benchma...

Myriad Uranium Corp. , which holds an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, is pleased to announce that it has exercised its option to acquire an initial 50% interest under the property option agreement with Rush Rare Metals Corp. dated October 18, 2023, as amended . As announced by Myriad on October 21, 2024 Myriad was eligible to accelerate because its qualifying expenditures at Copper Mountain have now exceeded $1,500,000, and Myriad has now issued an aggregate of 1,093,702 Myriad common shares having an aggregate value of $400,000, representing a deemed price per Share of approximately $0.365, calculated based on the 10 day value-weighted average price of the Company's common shares, as stipulated in the option agreeme...

Rush Rare Metals Corp. is pleased to advise that Rush's earn-in partner on the Copper Mountain uranium property in Wyoming, Myriad Uranium Corp. , has exercised its option to acquire an initial 50% interest in Rush's Copper Mountain Project under the property option agreement between Rush and Myriad dated October 18, 2023, as amended . In conjunction with Myriad's exercise of the option, Myriad has issued to Rush an aggregate of 1,093,702 Myriad common shares having an aggregate value of $400,000, representing a deemed price per Share of approximately $0.365, calculated based on the 10 day value-weighted average price of Myriad's common shares, as stipulated in the option agreement. Pursuant to applicable securities laws, the Shares are subject to a hold period ...