Montero Mining and Exploration Ltd. provides an update on the arbitration proceedings against the United Republic of Tanzania over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of Investment Disputes . The Tribunal has set new dates for the hearing which will take place from November 25th to 29th 2024, at the Paris Arbitration Centre, Paris, France. After the previous hearing date was postponed, the Tribunal preferred to keep the hearing in person and decided to move the hearing dates to accommodate all parties. Dr Tony Harwood, President and CEO of Montero commented: "Montero is pleased that a new hearing date has been decided by the Tribunal. We are ready to present our case at the hearing which will be open to ...

NV Gold Corp. announces that the Company has reached an agreement to amend the terms of the exploration and mining lease agreement dated June 21, 2021 between the Company's wholly-owned subsidiary, NV Gold Corp. , Inc. and the owners of the Triple T property, pursuant to which the Company has the exclusive right to explore on and evaluate the Triple T Property in Pershing County, Nevada . Pursuant to the Amendment, the Company has agreed to issue an aggregate of 100,000 common shares of the Company at a price of C$0.30 per Payment Share to settle an annual payment of US$30,000 payable by NV Gold USA under the Agreement. The issuance of the Payment Shares is subject to TSX Venture Exchange approval. The Payment Shares will be subject to a statutory hold period of...

Santacruz Silver Mining Executive Chairman and Interim CEO Arturo Prestamo joined Steve Darling from Proactive to provide a production update on the company's various mining operations. The company processed 470,749 tonnes of material and produced 4,478,122 silver equivalent ounces, including 1,581,949 ounces of silver, 22,847 tonnes of zinc, 2,953 tonnes of lead, and 256 tonnes of copper.
Prestamo told Proactive that Santacruz has successfully restructured its debt with Glencore, resulting in enhanced financial flexibility and a more robust balance sheet. This strategic move has bolstered the company's financial position and should allow for better optimization of Santacruz's core business activities and the pursuit of long-term growth.
During the first quarter, production a...

Neometals Ltd., headquartered in Western Australia, has recently upgraded its listing on the OTC market in the United States. General Manager for Investor Relations, Jeremy McManus, detailed the company's focus on developing mineral processing technologies aimed at recovering critical materials from high-value waste, transitioning from its roots in exploration and mining to a focus on the circular economy.
The company operates three main business units: lithium battery recycling, lithium chemical production, and vanadium chemicals, all based on hydrometallurgical techniques. Their flagship project, a lithium battery recycling initiative, is a 50/50 joint venture with a German plant builder named Primobius. This joint venture includes operations in Germany and a pilot facility ...

Compañia de Minas Buenaventura S.A.A. , Peru's largest publicly-traded precious metals mining company, is pleased to announce that ore treatment operations at its El Brocal processing plant has resumed. Ore treatment activities resumed operations at midnight on June 7, 2024 to begin processing the accumulated inventory at the mine site. El Brocal has accumulated approximately 220,000 tonnes of copper ore to date, the processing of which will gradually ramp to a rate of 15,000 tons per day, enabling recovery of ore processing which was halted during the suspension. The Company expects to achieve the budgeted production in 3Q24 to achieve its full year 2024 production guidance. Huaraucaca community leaders signed an agreement with El Brocal representatives to end the prior blockade and relat...

Endeavour Mining Plc announces that on 6 June 2024 it received the following notification from Helikon Investments Limited of its interests in the Company as of 5 June 2024 TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BL6K5J42 Issuer Name Endeavour Mining Plc UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments 3. Details of person subject to the notification obligation Name Helikon Investments Limited City of registered office London Country of registered office United Kingdom 4. Details of the shareholder Name City of registered office Country of registered office Helikon Long Short Equity Fund Master ICAV Dublin Ireland 5. Date on...

Fortuna Silver Mines has closed its previously announced offering of 3.75% convertible senior notes due 2029 in an aggregate principal amount of US$172.5 million, which includes exercise of the full amount of the option to purchase an additional US$22.5 million aggregate principal amount of Notes. The initial conversion rate for the Notes is 151.7220 common shares of Fortuna per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$6.59 per Share. The Company intends to use the net proceeds from the Offering to repay bank indebtedness, to fund working capital requirements, for general corporate purposes and to fund the repayment of its existing 4.65% senior subordinated unsecured convertible debentures , to the extent that such...

InZinc Mining Ltd. announces that at the 2024 Annual General Meeting of Shareholders held on May 31, 2024, InZinc's shareholders voted in favour of all items of business. A total of 41,180,020 common shares were represented at the Meeting, being 33.37% of the Company's issued and outstanding shares. The following is a tabulation of the votes submitted by proxy: Directors Votes For % of Votes Kerry M. Curtis 30,031,834 86.18% Louis G. Montpellier 30,031,834 86.18% Wayne Hubert 34,031,834 97.66% Auditors Votes For % of Votes To appoint Davidson & Company LLP as auditors of the Company and to authorize the directors to fix their remuneration. 41,019,093 99.61% Stock Option Plan Votes For % of Votes To re-approve the Company's Incentive Stock Option Plan. 33,589,334 96.39% Grant ...

Bayhorse Silver Inc., reports that recent short hole diamond drilling results into untested ground at the Bayhorse underground workings have identified a new mineralized zone. This is between 1 meter to 4.5 meters in width and appears to be trending WSW from the high-grade Big Dog zone and from the main historic underground workings at the Bayhorse Silver Mine, Oregon, USA. Significant assays include: DDH BDD104 0.3 m of 34.28 oz/t silver and 1.85% copper. 0.6 m of 11.34 oz/t silver and 1.15% copper. 0.6 m of 6.92 oz/t silver and 0.334% copper. 0.6 m of 5.75 oz/t silver and 0.344 copper. DDH BDD105 0.6m of 12.72 oz/t silver and 0.876% copper. 0.6m of 5.95 oz/t 1 silver and 0.2% copper. DDH BDD103 0.6 m of 6.27oz/t silver and 0.22% copper. Three face samples were taken from th...

VANCOUVER, BC, June 10, 2024 /CNW/ - DFR Gold Inc. announces that its 80% controlled subsidiary, Moydow BF Limited , has entered into an agreement to amend the terms of the option agreement dated 5 November 2020 among Aristide Jean Clement Boudo, EXMA, Panthera Resources Plc and Moydow Holdings Limited . Moydow Holdings Limited, Moydow and Mr. Boudo entered into a deed of novation on June 4, 2021, pursuant to which Moydow Holdings Limited transferred its rights to Moydow. Pursuant to the Option Agreement, Moydow has an option to acquire 100% right, title and interest in the WUO Land exploration permit, initially issued on 6 March 2018 and expiring on 5 March 2027 , relating to the Company's Cascades project in Burkina Faso. The amendment of the Option Agreement is, as further ...

Solaris Resources Inc. is pleased to announce that it has closed its previously announced bought deal equity offering . The Company issued, on a bought deal basis, 8,222,500 common shares of the Company , including 1,072,500 Common Shares pursuant to the underwriters' full exercise of the over-allotment option, at a price of $4.90 per Common Share for aggregate gross proceeds of $40,290,250. The Offering was completed pursuant to an underwriting agreement dated May 27, 2024, between the Company and a syndicate of underwriters led by National Bank Financial Markets, RBC Capital Markets and BMO Capital Markets, as Joint Bookrunners. The net proceeds of the Offering will be used to fund an expanded exploration and infill drilling program at the Company's flagship Warintza Projec...

Cantex Mine Development Corp. is pleased to announce that it has intersected copper mineralization in its first three holes drilled at its North Rackla project, Yukon. Copper Project Drilling Since drilling first commenced on June 3, 2024 three diamond drill holes have now been completed at the Copper Project on the western side of the Company's North Rackla property. Previous drilling on this project intersected 2.5 metres of 3.93% copper including 1 metre of 7.32% copper . Hole YKDD24-287 was drilled at a -45 degree dip and 13 degree azimuth. It intersected 1.8 metres of an estimated 8% chalcopyrite contained within a quartz carbonate breccia from 7.1 metres depth. Hole YKDD24-288 was drilled from the same pad at a -45 degree dip at an azimuth of 35 degrees. This hole inter...

Power Nickel Inc. is pleased to announce it has started the 2024 summer Drill Program with 20 holes targeted and over 8,000 metres of drilling as the Company continues ramping up exploration for additional mineralized zones of high-grade Copper, Platinum, Palladium, Gold, Silver and Nickel at the polymetallic Lion Zone on its Nisk Property in Nemaska, Quebec. Following up on the successful results recently obtained at the Lion Zone, the summer drilling program will initially keep focus on the discovery, with the aim of demonstrating an even further depth continuity and to test for lateral occurrences of similar polymetallic mineralized sulphides lenses. The first few holes are designed to test the area below PN-24-051, PN-24-059 and PN-24-062; the three deepest intersections ...