Pacific Ridge Exploration Ltd. is pleased to announce that it has closed the first tranche of its non-brokered private placement raising a total of $1,683,380. The Company issued 16,250,000 flow-through units at a price of $0.08 per FT Unit for gross proceeds of $1,300,000. Pacific Ridge also issued 5,476,858 non-flow-through units at a price of $0.07 per NFT Unit for gross proceeds of $383,380 in a first tranche of the non-flow-through portion of the Financing. Pacific Ridge expects to close the second and final tranche of the Financing shortly. The Company intends to use the proceeds raised from this Financing for general working capital and for a diamond drill program at the Chuchi copper-gold project in B.C. Pacific Ridge plans to drill 2,400 m at the Project this year. Th...

First Phosphate Corp. is pleased to announce that the Canadian Minister of Energy and Natural Resources , Mr. Jonathan Wilkinson, unveiled today an update to the Critical Minerals list of Canada to include phosphorous, high-purity iron and silicon metal to its list of 34 minerals and metals: https://www.canada.ca/en/natural-resources-canada/news/2024/06/government-of-canada-releases-updated-critical-minerals-list.html To be considered a critical mineral in Canada, a mineral must meet the following criteria: the supply chain is threatened there is a reasonable chance of the mineral being produced by Canada be essential to Canada's economic or national security be required for the national transition to a sustainable low-carbon and digital economy position Canada as a sustainab...

Blue Sky Uranium CEO Niko Cacos joined Steve Darling from Proactive to share news the company has entered into a binding term sheet with Corredor Americano, an Argentine company, to complete an option agreement regarding the Company's Ivana Uranium-Vanadium Deposit.
Cacos told Proactive that Corredor Americano can earn up to a 50% indirect interest in the Property by spending up to 35 million dollars advancing Ivana through to the completion of a feasibility study and drilling key exploration targets located in adjacent areas of the Property. Following a positive feasibility study, Corredor can earn an additional 1% upon its decision to fund the capital cost of the Project and further 29% interest by funding 100% of the estimated capital costs to achieve commercial production....

Brunswick Exploration CEO Killian Charles joined Steve Darling from Proactive to share the final results from its Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect wide and well-mineralized intervals within the MR-6 dyke.
Charles told Proactive the drilling saw a new interval at the MR-6 dyke with 1.64% Li2O over 69.3 meters in drill hole MR-24-61 and 1.17% Li2O over 28.3 meters in drill hole MR-24-50 both starting from surface. The MR-9 dyke is located approximately 600 meters northeast of MR-6, with 1.07% Li2O over 14.4 meters in drill hole MR-24-45 and 2.00% Li2O over 4 ...

Montauk Metals Inc. announces that the International Centre for Settlement of Investment Disputes Arbitral Tribunal has ruled against the Company in connection with the arbitration proceedings the Company brought against the Republic of Colombia relating to the Company's claim that Colombia failed to compensate the Company for the losses with respect to the Company's Reina de Oro project incurred as a consequence of Colombia's prohibition of mining in the páramos . The Company disagrees with the Tribunal's decision and is assessing the impact on the Company, however, is pleased with the Tribunal's rulings on costs, which deny Colombia any award of costs, and order Colombia to reimburse the Company in the amount of USD$504,000. The Company is analyzing the decision with its le...

FPX Nickel CEO Martin Turenne joined Steve Darling from Proactive to FPX Nickel CEO Martin Turenne joined Steve Darling from Proactive to announce the re-initiation of exploration activities at the Company's Mich property in the Yukon. The Company has recently expanded its claims at Mich by over 350% and will conduct a wide-ranging surface sampling program over the summer of 2024 with the goal of advancing Mich to drill-ready status.
Turenne told Proactive that the company is looking to conduct geological mapping and surface sampling, aiming to expand the footprint of known awaruite nickel mineralization, from where previous sampling and drilling has generated positive results. FPX Nickel has been awarded a non-repayable grant under the Yukon Miner...

-the addition highlights the importance of Arianne Phosphate's Lac à Paul project DAN: TSX-V JE9June 10, 2024 /CNW/ - Arianne Phosphate , a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce today that the Government of Canada has added phosphate to its Critical Mineral List. The criteria for the Canadian Critical Mineral List are that the mineral is deemed essential to the Canadian economy and national security, necessary for a transition to a sustainable low-carbon economy, can be a source for international allies and, is a mineral whose supply is threatened. The addition of phosphate to this list acknowledges the fundamental importance of this mineral and the growing ...

Electra Battery Materials Corp. today announced that it has received $5 million in contribution funding from Natural Resources Canada to support the development of its proprietary battery materials recycling technology. In 2023, the Company successfully operated a battery materials recycling demonstration plant in a batch process at its refinery complex, processing more than 40 tonnes of end-of-life battery scrap, known as "black mass," and producing high-quality nickel, cobalt and lithium products. Building on this success, Electra is accelerating the next phase of its recycling project to demonstrate on a continuous basis that the Company's hydrometallurgical black mass process is scalable, profitable, and can be implemented at other locations. The Government of Canada, thr...

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...