Image Resources NL is pleased to announce the finalisation of its Ground Water Operating Strategy and the receipt of 5C water licenses for water abstraction and mine dewatering at its 100%-owned Atlas Mineral Sands Project located 170km north of Perth in the North Perth Basin . Finalisation of the GOS and receipt of water licences were the final permitting milestones for Atlas and pave the way for accelerated project construction and full-scale operations including achievement of first HMC production in Q1 2025. Construction at Atlas officially commenced mid-August 2024, following receipt of final construction approvals. Initially, roadwork and civil construction were facilitated by a temporary 5C water abstraction license, however with receipt of the full 5C licenses for wat...

October 17 - Vancouver, Canada - Golden Cariboo Resources Ltd. announces a non-brokered private placement financing of up to 6,000,000 units at a price of $0.18 per Unit. Each Unit will consist of one common share in the capital of the Company and one half of one share purchase warrant ; Two half Warrants will equal one full share purchase Warrant, exercisable for a period of 3 years from the closing date, at exercise prices as follows: $0.25 in year one, $0.28 in year two, and $0.30 in year three. The private placement is subject to Canadian Securities Exchange approval and all securities are subject to a four-month hold period. Finder's fees may be payable in connection with the private placement, all in accordance with the policies of the CSE. The proceeds from this privat...

Mayfair Gold Corp. announces that, further to its news release on September 25, 2024, the Company has completed a non-brokered private placement of 3,340,000 common shares of the Company at a price of $1.80 per Common Share for aggregate gross proceeds of $6,012,000 . The proceeds raised from the Offering will be used by the Company for permitting and feasibility studies, general and administrative expenses and working capital. Insiders of the Company subscribed for an aggregate of 1,640,000 Common Shares representing approximately $2.95 million of the gross proceeds of the Offering whereby: Muddy Waters Capital LLC and its affiliate, Muddy Waters Resources LLC, on behalf of certain funds they manage, subscribed for a total of 1,597,222 Common Shares for gross proceeds of app...

Note: The Company's securities have been placed in trading halt on the ASX, pending release of a subsequent announcement regarding the outcome of the private placement expected before market open on Tuesday, 29 October 2024 / Monday, 28 October 2024 AuMega Metals Ltd. has commenced the process of a private placement to raise gross proceeds of up to $10 million. The private placement is expected to be priced in the context of the market. The private placement is expected to be comprised of a combination of flow-through shares, premium flow-through shares and hard-dollar shares. The private placement will be non-brokered in Canada. In Australia, GBA Capital will act as lead manager and bookrunner for the private placement in Australia. The proceeds from the financing will be us...

Dixie Gold Inc. reports that it has closed a non-brokered common share unit financing by way of the issuance of 1,000,000 units at a price of $0.05 per Unit. Each Unit consisted of one common share of the Corporation and one transferrable common share purchase warrant which entitles the holder of a Warrant, upon further payment to the Corporation, to acquire one additional common share of the Corporation at an exercise price of $0.05 per Warrant Share on any date prior to the date which is 60 months following the closing date of the Financing . Closing of the Financing occurred today, October 17, 2024, with the Corporation planning to use the proceeds of the Financing for working capital. There were no finder's fees paid by the Corporation in the Financing. The Units issued u...

In the news release, Kootenay Resources Announces Airborne ZTEM Geophysical Survey at Moyie Anticline Property and Announces Private Placement, issued 17-Oct-2024 by Kootenay Resources Inc. over PR Newswire, we are advised by the company that there have been changes in the 7th, 8th and 9th paragraphs. The complete, corrected release follows: Kootenay Resources Announces Airborne ZTEM Geophysical Survey at Moyie Anticline Property and Announces Private Placement Kootenay Resources Inc. is pleased to announce a helicopter-borne ZTEM geophysical survey at its flagship Moyie Anticline Property in southeastern British Columbia has commenced. The survey was designed and implemented by Geotech Ltd. and is planned to cover 16,500 hectares at the large Moyie Anticline pr...

Starcore International Mines Ltd. reports the results of its annual general meeting of shareholders held on October 17, 2024. Shareholders elected all directors nominated by management, as follows: Director Percentage of Votes For Gary Arca 99.87% Robert Eadie 99.87% Jordan Estra 99.94% Salvador Garcia 99.85% Tanya Lutzke 99.94% Federico Villaseñor 99.94% Shareholders also approved all other matters presented at the Meeting, including the appointment of Davidson & Company LLP, Chartered Professional Accountants, as auditors of Starcore. Subsequent to the Meeting, the Board of Directors appointed Robert Eadie as Executive Chairman, President and Chief Executive Officer, Salvador Garcia as Chief Operating Officer, Gary Arca as Chief Financial Officer, Cory Kent as Corporate Sec...

West Red Lake Gold Mines Ltd. is pleased to announce that the Company has secured commitments totaling in excess of C$68 million to finance the restart of its Madsen Gold Mine . Madsen remains on track to recommence production in 2025. The financing package is comprised of the following: US$35 million loan facility with Nebari Natural Resources Credit Fund II, LP bearing interest of SOFR plus 8% with a term of 42 months. A non-binding term sheet has been signed and closing of the Loan Facility remains subject to entering into definitive documentation and due diligence. C$20 million bought-deal equity offering of 28,986,000 units of the Company at a price of C$0.69 per Unit led by Raymond James Ltd. . "This finance package provides the capital anticipated to restart the Madsen...

LaFleur Minerals Inc. is pleased to announce that further to its news releases dated September 20, 2024, and October 2, 2024, the Company has completed the acquisition of the Beacon Mill and Beacon Property located in the Province of Quebec, Canada . The Acquisition was completed pursuant to the terms and conditions of an asset purchase agreement dated September 13, 2024, as amended with Beacon Gold Mill Inc. , Monarch Mining Corp. and 9511-2090 Quebec Inc. , a wholly-owned subsidiary of the Company. As consideration for the Acquisition, the Company paid the Vendor an aggregate purchase price of $1,100,000, as follows: $250,000 in cash; and 2,474,526 common shares in the capital of the Company at a deemed price of $0.3435 per Consideration Share. The Considerati...

Fairchild Gold Corp. announces the first tranche closing of a non-brokered private placement for gross proceeds of $319,080 on October 16, 2024 . In connection with the closing of the Offering, the Company issued 5,318,000 units at a price of $0.06 per Unit with each Unit comprising one common share in the capital of the Company and one common share purchase warrant , whereby each whole Warrant shall be convertible into an additional Common Share at an exercise price of $0.15 for a period of sixty months from the date of issuance. The Warrants include an acceleration clause to the effect that if the daily volume weighted average closing price of the common shares on the TSX Venture Exchange is at least $0.50 per Common Share for a period of five consecutive trading days, 12 m...

TSX and OTC: MPVD Mountain Province Diamonds Inc. today announces production and sales results for the third quarter ended September 30, 2024 from the Gahcho Kué Diamond Mine . All figures are expressed in Canadian dollars unless otherwise noted. Q3 2024 Production Takeaways 1,187,912 carats recovered, 10% less than Quarter 3 2023 Average grade of 1.24 carats per tonne, 18% less than Q3 2023 923,814 ore tonnes mined, 4% more than Q3 2023 961,371 ore tonnes treated, 10% more than Q3 2023 Q3 2024 Production Figures 2024 Q3 2023 Q3 YoY Variance Total tonnes mined 8,603,369 9,145,849 -6 % Ore tonnes mined 923,814 887,695 4 % Ore tonnes treated 961,371 877,617 10 % Carats recovered 1,187,912 1,326,160 -10 % Carats recovered 582,077 649,818 -10 % Recovered grade 1.24 1.51 -18 % Q3 ...

Talisker Resources Ltd. announces that further to the Company's press release of October 9, 2024, the non-brokered private placement of gold-linked notes has closed with $1,332,000 of Notes being issued. Proceeds from the Gold-Linked Note Financing will be used to continue advancement of the Company's flagship Bralorne Gold Project in British Columbia and for general corporate purposes. Additional details on the Gold-Linked Note Financing are included below. Gold Linked Note Financing The Notes represent a senior unsecured obligation of the Company and are not convertible into shares of the Company. The Notes bear interest at a rate of 15% per annum and will mature on December 31, 2027. The principal amount of the Notes will be used to calculate the quantity of gold to be rep...

F7E1 ROUYN-NORANDA, QC, Oct. 17, 2024 /CNW/ - Fokus Mining Corp. is pleased to announce that it has held the closing of its previously announced non-brokered private placement by issuing 17,500,000 units at a price of $0.05 per Unit and 12,500,000 "flow-through" units at a price of $0.08 per FT Unit, for gross proceeds to Fokus of $1,875,000. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant . Each FT Unit is comprised of one "flow-through" common share and one Warrant. Each Warrant will entitle its holder to acquire one Common Share at a price of $0.08 per share for a period of three years from its issuance date. Fokus intends to use the net proceeds from the Offering for expenses incurred in connection with explora...