CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 3,000,000 common shares and up to 5,250,000 flow-through common shares for gross proceeds of up to $450,000. Common Shares will be offered at $0.045 and FT Shares will be offered at $0.06. Proceeds from the FT Shares will be used before December 2025 for general exploration expenditures at the Louise Property which will constitute Canadian exploration expenses within the meaning of subsection 66.1 of the Income Tax Act , that will qualify as "critical mineral flow through mining expenditures" within the meaning of the Tax Act. Proceeds from non-flow through Common Shares will be used to advanc...

New Break Resources Ltd. is pleased to announce that it has commenced an Induced Polarization survey at its Moray property, located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. The high-resolution Gradient Array IP survey is intended to test for high chargeability sulfides that may be associated with the gold mineralization, and high resistivity associated with quartz veining and silica flooding, within and on the margins of the Moray syenite intrusive, displayed below in Figure 1. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8019/227264_7300bb1034e97953_001full.jpg The IP survey will encompass 62.5 line-kilometers of survey lines...

Ascot Resources Ltd. is pleased to announce a plan to raise approximately C$40 million in funding to advance the development of the Premier Northern Lights mine , restart the mill and restart the Big Missouri mine from the current state of temporary care & maintenance. The Company has been in discussions with its main creditors, Sprott Private Resource Streaming and Royalty Corp., Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund II, LP and Nebari Collateral Agent LLC who have entered into a non-binding indicative term sheet with the Company to provide up to US$11.25 million in new senior debt on the terms, and subject to the conditions, described in such term sheet, including those set out below . As part of the Debt Financing, the Secured Creditors would extend t...

Nevada King Gold Corp. is pleased to announce commencement of its Phase III drill program with the mobilization of a reverse-circulation drill to conduct drilling across the recently discovered Wild West Target at its 5,166 hectares , 100%-owned Atlanta Gold Mine Project along the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. Wild West Zone Highlights: Hole No. From To Interval Au Ag AT24WS-84* 446.6 458.8 12.2 3.48 12.6 Includes 448.2 457.3 9.1 4.32 14.2 Table 1. Hole released today. Mineralization occurs along a sub horizontal mineralized horizon with true mineralized thickness estimated to be 85% to 95% true thickness. *Denotes hole that bottomed in mineralization. Today's AT24WS-84 was sited 60m west of previously released AT24WS-83 , and represents...

Highlights Val-d'Or East Properties: Total gold resources of 6,728,600 ounces Measured and Indicated and 3,277,100 ounces Inferred; nearly double the 2023 update, with a 77% increase in M&I and a 131% increase in Inferred resources. Novador Project: Total resources currently amount to 6,405,000 ounces M&I and 1,550,200 ounces Inferred across the Monique, Pascalis, Courvan, and Beaufor deposits, reflecting a 60% increase from the previous year. Resource Conversion: Significant M&I conversion in Monique, Pascalis, and Courvan trends, with a 69% increase in M&I ounces. Other Val-d'Or East Properties: Gold resources of 323,600 ounces M&I and 1,727,000 ounces Inferred, including McKenzie Break, Croinor, Lapaska, and Sleepy deposits. Open Pit Potential: Over 82% of gold is wi...

Pasinex Resources Ltd. announces that Pasinex Arama has entered into an Option and Purchase Agreement with a local Turkish company, Aydin Teknik, which may lead to the purchase of 100% of a Group IV lead-zinc operating license called Sarikaya located in the Kayseri province. This property is outside the area of influence of the joint venture with the Kurmel Group of companies. About the Property The Yahyal?-Develi region is economically the most important carbonate-hosted Pb-Zn region in Türkiye. Mining activities in these deposits started in the Bronze Age, was continued by the Romans and mining operations continue to the present day. There are more than 50 known Pb-Zn occurrences in this region. In most of these operations, mining activities are generally carried out by loc...

Myriad Uranium Corp. , which holds an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, is pleased to announce that it is accelerating its option to acquire an initial 50% interest in Copper Mountain by issuing an aggregate of 1,093,702 Myriad common shares to Rush Rare Metals Corp. under the property option agreement dated October 18, 2023, as amended . Myriad is eligible to accelerate because its qualifying expenditures at Copper Mountain have now exceeded $1,500,000. Upon issuance of the Shares, Myriad will have met its obligations for 2024 and accelerated its 2025 payments, thereby securing 50% ownership. The maiden drill program at Copper Mountain is well underway and the Company is focused on meeting all its obligations under th...

Core Nickel Corp. announces that it proposes to undertake an up to $175,000 non-brokered private placement of up to 1,000,000 units to be sold to eligible purchasers at a price of $0.175 per Unit. Each Unit will consist of one common share of the Company and one common purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.30 at any time on or before that date which is 36 months after the closing date of the Offering. The Units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The net proceeds received from the sale of the Units will be used for general working capital. All securities issued and sold under the Off...

Flying Nickel Mining Corp. announces that, further to its news release dated August 30, 2024, it has closed the fourth and final tranche of its non-brokered private placement offering raising gross proceeds of $31,650 through the issuance of 633,000 units at a price of $0.05 per Unit. Each Unit consists of one common share of the Company and one share purchase warrant with each warrant entitling the holder to purchase one additional Share at a price of $0.06 per Share for a period of three years from issuance. The securities issued in connection with the Private Placement will be subject to a regulatory hold period and cannot be traded until February 18, 2025. No finders fees were paid in connection with the fourth tranche. Proceeds of the Private Placement are expected to be...

Denarius Metals Corp. announced today its plans to complete a non-brokered private placement of up to 15,000,000 common shares of the Company at a price of CA$0.55 per common share for gross proceeds of up to CA$8,250,000 . It is anticipated that the closing of the Offering will occur in one or more tranches on or prior to October 31, 2024. Completion of the Offering is subject to shareholder and regulatory approvals, including Cboe Canada. The common shares issuable in connection with this Offering will be subject to a hold period expiring four months and one day after the date of issuance. The Company intends to use the net proceeds of the Offering to fund its Zancudo Project in Colombia, its Aguablanca Project in Spain and for general corporate purposes. Certain insiders o...

Excelsior Mining Corp. is pleased to announce that it has received all permits to commence operations at the Johnson Camp Mine in southeast Arizona, which will produce Made in America copper expected to be used domestically to strengthen American supply chains. First copper production is anticipated in H1 of 2025. Excelsior received the amended Mined Land Reclamation Plan approval from the State of Arizona. The MLRP, along with the recently approved Air Quality Permit and the Aquifer Protection Permit , means that all approvals needed to start the production of copper at JCM have been received. "This final permit is a key milestone bringing us one step closer to copper production at JCM. We believe the partnership with Nuton LLC for the first industrial-scale deployment of th...

Inventus Mining Corp. is pleased to announce a non-brokered private placement of up to 15,000,000 units of the Company at a price of $0.04 per Unit, for total gross proceed of up to $600,000 . McEwen Mining Inc. has agreed to purchase 10,000,000 Units of the Offering. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one Common Share of the Company at a price of $0.09 per Warrant Share until the date which is twenty-four months following the closing of the Offering. The expiry date of the Warrants may be accelerated by Inventus if the closing price of the Common Shares on the TSX Venture Exchange is greater than or equal to $0.12 over a consecutive 20-day period. If this ...

Aura Minerals Inc. in continuation to the Press Releases disclosed by the Company on September 8th and September 25th, 2024, informs its shareholders and the market in general that its subsidiary, Aura Almas Mineração S.A. , has settled and closed the public offering of its 2nd issuance of simple debentures, non-convertible into shares, secured and with additional surety guarantee, in a single series, for public distribution under the automatic registration procedure, approved at the Company's Extraordinary General Meeting held on September 8th, 2024 ., in the amount of BRL 1.0 billion , On the same date, Almas entered into a swap agreement with Banco Itaú S.A. to fully hedge the Debentures. Under the terms of the Swap, the Company will take an active position of BRL 1.0 billi...