ST. JOHN'S NL, Aug. 13, 2024 /CNW/ - Aurion Resources Ltd. announces that the Board of Directors of the Company has authorized the granting of stock options under its Stock Option Plan to purchase 2,800,000 common shares of the Company at an exercise price of $0.57 per share for a five-year term expiring August 13, 2029. The stock options are being granted to certain directors, officers, employees and consultants of the Company. About Aurion Resources Ltd. Aurion Resources Ltd. is a well-funded, Canadian exploration company listed on the TSX Venture Exchange and the OTCQX Best Market . Aurion's strategy is to generate or acquire early-stage precious metals exploration opportunities and advance them through direct exploration by our experienced team or by business partnerships...

Southern Silver Exploration Corp. has closed the second tranche of its previously reported non-brokered private placement by issuing 5,911,500 units at a price of $0.22 per unit for gross proceeds of $1,300,530. The Company has now closed two tranches for a total of 15,420,478 units for gross proceeds of $3,392,505. At final closing, the Company plans to issue up to 20,454,546 units in the non-brokered private placement at a price of $0.22 per unit for gross proceeds of $4.5 million. Each unit will consist of one common share and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one common share for a period of 3 years at a price of $0.30. In connection with the Offering, the Company paid finders' fees totalling $7,920 and issued an aggregate ...

TSXV:OIII | OTCQX:OIIIF - O3 Mining O3 Mining Inc. is pleased to congratulate its largest shareholder Osisko Mining Inc. on its recently announced transaction with a 100% owned Canadian subsidiary of Gold Fields Ltd. whereby Gold Fields will acquire all of the issued and outstanding shares of Osisko . Osisko holds 18,291,854 commons shares which represents 20.7% of the Corporation and is the Corporation's largest shareholder. O3 Mining looks forward to working together with Gold Fields following the completion of the Transaction. Osisko Mining and Gold Fields Transaction Osisko has entered into a definitive arrangement agreement dated August 12, 2024 pursuant to which Gold Fields, has agreed to acquire all of the issued and outstanding...

Silicon Anode Technology Advancement with Extended Capacity Performance & Sustained Low-Cost Advantage Record-High Battery Performance Metric that Meets or Exceeds Industry Standards and Similar Commercial Products Two-Way Coating Enhancement: Simple, Feasible, and Low-Cost Planned Release of New Silicon-Carbon Anode Product Due to High Working Party & Industry Demand Recycled Silicon Evaluation In-Progress with Lotus Energy & INNOX eco-M Products South Korea Ministry of Science & ICT Certification as Recognized Corporate Research Institute NEO Battery Materials Ltd. , a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce technological advancements in the Company's silicon anode technology - lon...

David H. Brett, President & CEO, EnGold Mines Ltd., reports that the Company has commenced drilling at its 100% owned, fully permitted Lac La Hache Copper-Gold Property located within the prolific Quesnel Trough porphyry belt in the southern Cariboo region of BC. "We are thrilled to be drilling again at Lac La Hache," said EnGold President and CEO David H. Brett. "Management is confident in the potential of the property to grow its resources as well as yield new discoveries." A series of holes are underway to test potential new copper skarn mineralization southeast of the Spout Copper Deposit indicated by the artificial intelligence work of ALS GoldSpot Discoveries and the geological insight of our exploration team. "The potential for new high grade copper skarn zones at Lac ...

Opus One Gold Corp. , is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement for gross proceeds of up to C$500,000 from the sale of units of the Company . In total, the Company issued 13,050,000 Units for gross proceeds of $261,000 at a price per Unit of $0.02 and was be comprised of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder to acquire one common share at an exercise price of $0.05 per Share for a period of 24 months following the closing of the offering. The Units were offered by way of the "accredited investor" exemption under National Instrument 45-106 - Prospectus Exemptions in all the provinces of Canada. The Units, Shares, Warrants and Warrant...

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...

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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...