Cleveland-Cliffs Inc. announced today that it intends to offer to sell, subject to market and other conditions, an additional $500 million aggregate principal amount of Senior Guaranteed Notes due 2032 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The Additional Notes will be an issuance of Cliffs' existing 7.000% Senior Guaranteed Notes due 2032 and will be issued as additional notes under the indenture dated as of March 18, 2024 pursuant to which Cliffs previously issued $825 million aggregate principal amount of 7.000% Senior Guaranteed Notes due 2032 . The Additional Notes will be of the same class and series as, and otherwise identical to, the Initial Notes other than with respect to the date of issuance and issue price. ...

Drilling at the Sesmarias copper-zinc massive sulfide target in Portugal commenced -- initially planning for seven holes in the Central and North zones: Total 4, August 13, 2024 - Avrupa Minerals Ltd. is excited to announce that it will be drilling at all three of its joint ventured projects in the coming months. Drilling has already started at the Sesmarias VMS prospect in Portugal, and plans are underway for 3,000 meters of drilling at the Slivova gold-silver deposit in Kosovo. Later in Q4, we expect to run a three-hole, 1000-meter recon drilling program at the Kangasjärvi VMS prospect in Finland. Sesmarias VMS prospect, Portugal Drilling at Sesmarias commenced at the end of June. We are planning for seven 600-meter holes over a strike length of approximately 550 to 60...

1844 Resource Inc. is pleased to announce that it has entered into a letter of intent with Nickel North Corp to earn an interest in the Hawkridge Project. With the terms agreed to, both parties are now working to finalize the terms of the formal and binding option agreements, which will consist of two separate option agreements . Mr. Sylvain Laberge, President and CEO of the Company commented: "We are pleased to have renegotiated new terms and conditions with the management of Nickel North. 1844 remains steadfast in our belief that the Hawk Ridge project can become a major strategic metals development in the Province of Quebec." The Option terms are as follows: Option 1 Event Cash Payment Shares issued Exploration Expenditure Interest Earned * Option signing $12,000 - - - TSX-V approval $2...

Nickel North Exploration Corp. is pleased to announce it has entered into a Letter of Intent to option 100% of the Hawk Ridge Ni-Cu-PGM project based on milestones, commitments, with 1844 Resources Inc. . This new LOI replaces all previous agreement originally announced Mar 6, 2023. Based on LOI signed August 7, 2024, 1844 will pay combined payments over 5 years of cash payment $1,512,000, 21,000,000 shares issued, $6,000,000 in exploration expenditure outlined per table below. The remaining 20% can be acquired by 1844 as sole and exclusive optionee in exchange for a one-time payment of CAD$2,000,000. If the remaining 20% right is exercised, NNX shall retain a 2% Net Smelter Returns Royalty, of which 50% may be retired by 1844 at any time in exchange for a one-t...

Copyright 2024 TheNewswire - All rights reserved....

Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2024 and the corresponding management's discussion and analysis . Below is a summary of the Company's financial results for the second quarter of 2024 and for the six months ended June 30, 2024 in comparison to the same respective period in in 2023 : Revenue for Q2 2024 decreased to $18.8 million , representing a $17.8 million or 48.6% decrease. Revenue for YTD 2024 decreased to $34.5 million , representing a $20.2 million or 36.9% decrease. Mine operating income decreased by $8.9 million to $4.4 million in Q2 2024 as gross margin declined to 23.6% in Q2 2024 from 36.2% in Q2 2023. Mine operating income in YTD 2024 dec...

EMP Metals Corp. is pleased to announce the commencement of its two well lithium drilling and testing program, aimed at delineating the original discovery in the Viewfield area of Southeast, Saskatchewan. Highlights Two well drilling program with the first well spud. The wells will provide critical pressure, flow rate and fluid composition data, which will be used for future engineering studies and reservoir modeling, including a Front-End Engineering Design study that is currently underway. Program will build on the highest lithium concentrations recorded in a Canadian brine to-date, up to 237 mg/l at the Viewfield 2-22 well, and is intended to determine brine parameters in the area. The initial well is a vertical well with drilling anticipated to take approximately one week...

Red Lake Gold Inc. reports upon results of the recently completed field program at its Whirlwind Jack Gold Project done for the Corporation by Fladgate Exploration Consulting Corporation . "The soil sample highlights - and their locations - speak for themselves," noted Ryan Kalt, Chief Executive Officer of Red Lake Gold. The Corporation has 41,739,169 common shares issued and outstanding. Red Lake Gold advises that laboratory results of the soil sampling done during the Field Program ranged from below detection to a program high of 269 ppb Au, and contributed to the identification of gold-in-soil anomalies within Whirlwind Jack, as further described and highlighted by spatially-associated targets now-named the Box Target and the Bug Lake Target. Figure 1: Map of the Whirlwind...

GRANDE PRAIRIE, ALBERTA - TheNewswire: Angkor Resources Corp. announces that the activities of its subsidiary, EnerCam Exploration Ltd. , in collaboration with its operating partner for oil production in Saskatchewan, Eyehill Creek Exploration Ltd. , to expand waterflood practices are advancing with the goal of increasing oil production at Evesham, Saskatchewan . HIGHLIGHTS Increased production up to 40% of adjacent wells, based on previous results. Added benefits include: a.reduced trucking costs, b.the ability to add a couple wells into the production cycle that are currently not producing, c.added efficiency of the project operation. The Project will entail approximately 2000 meters of 3-inch and 4-inch pipe to connect the three existing injection sites and add several mor...

Teuton Resources Corp. is pleased to report that Project Operator and Joint Venture partner Tudor Gold has announced the results of the first four holes totaling over 6,174 meters of the planned 10,000-meter 2024 exploration program at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. The Company plans to successfully complete the Program within the northeastern part of the Goldstorm Deposit by the end of the month. The first four drill-holes reported in this release specifically targeted the Supercell-One Zone which was identified earlier this year as representing a significant potential economic target within and expanding beyond the CS-600 Domain. The results from the recent dr...

Forge Resources Corp. is pleased to announce the assay results from the completion of the 2024 1,815-metre diamond drilling program, discovering additional porphyry style mineralization at previously untested targets. The company tested the Payoff and Severance Areas, known for anomalous in soil gold, copper and molybdenum concentrations. The company has also expanded its land package around the Alotta porphyry target. Lorne Warner P. Geo., President of Forge Resources Corp., states, "The aggressive step-out drilling program has proven the existence of a large porphyry system. We are thrilled to see the extent of the near-surface mineralization throughout the areas that we have explored to date. As we proceed with our operator, Archer, Cathro & Associates, we are making excel...

Palamina Corp. has commenced drilling in the Sol de Oro zone at its 100% owned Usicayos Gold Project in south eastern Peru. Drill equipment was successfully mobilized and a fully functioning field camp is in place to support the program. Seven diamond drill holes totaling approximately 3,000 metres are planned to test the SDO East, SDO South and SDO North zones. Company geologists have identified continuous, high-grade, gold-bearing shear zones hosted in Paleozoic shales, siltstones and sandstones typical of the Puno Orogenic Gold Belt. "Palamina geologists believe that the Sol de Oro zone being drill tested is the heart of the 1.5 by 4.5 km gold bearing orogenic system identified at Usicayos. This is the first time that the main shear zone at Usicayos is being drill tested f...

Generation Uranium Inc. is pleased to announce that its common shares, quoted under the symbol "GENRF" on the OTCQB stock exchange, are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company . DTC eligibility is expected to simplify the process of trading and enhance liquidity of Generation shares in the United States. The DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S.-based entity responsible for the electronic clearing and settlement of publicly traded companies. Securities eligible for electronic clearance and settlement through the DTC are designated as "DTC eligible." This electronic clearing method expedites the receipt of stock and cash, thereby accelerating the settlement process fo...