Generation Mining Ltd. is pleased to announce that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Company has filed the Prospectus in order to have greater financial flexibility going forward but has no immediate plans to issue any securities under it at this time, and may never proceed with any such issuance. Upon issuance of a receipt for the Prospectus by the securities regulatory authorities, the Company may issue and sell up to C$60,000,000 in the aggregate of common shares, debt securities, warrants, subscription receipts, units, or any combination thereof, from time to time, over the 25-month period that the Prospectus remains effective. Should the C...

Pedro Resources Ltd. announces that Jacqueline Wilkie, the current Chief Executive Officer and a director of the Company has been appointed as Interim Chief Financial Officer effective immediately replacing Ms. Albina Manaj. The Company is currently conducting a thorough search for a new Chief Financial Officer with the expertise and leadership qualities to guide the Company forward. Unauthorized issuance of common shares The Company recently learned that an aggregate of 2,782,000 common shares in the capital of the Company were irregularly issued between the months of January and April 2024. The Common Shares were issued to related parties of the Company. The signature of the chief executive officer was used without authorization to submit the treasury directions and the Com...

DeepRock Minerals Inc. , announces today that pursuant to its news release dated March 20, 2024, it intends to close the first tranche of its non-brokered private placement on or around Monday June 10, 2024. The private placement is an offering of Units at $0.02 each for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company and one-half of a non-transferable common share purchase warrant . Each Warrant will entitle the holder to purchase a Share for $0.06 during the 24 months following the Warrant's issuance date. The Company will provide further details in a subsequent news release upon closing in respect of the number of securities issued and gross proceeds raised. All securities issued will be subject to a statutory four-month hold. So...

Pasinex Resources Ltd. announces that, further to its news releases dated April 22, 2024, May 13, 2024, May 24, 2024, and May 28, 2024, the Company has filed its annual financial statements, management's discussion and analysis, and related certifications for the year ended December 31, 2023 on SEDAR+. The Company expects that the Management Cease Trade Order issued by the British Columbia Securities Commission on April 30, 2024 will be revoked in the coming days. The MCTO prohibits all trading in the capital of the Company, whether directly or indirectly, by the Company's CEO and CFO. This trading prohibition will continue until the MCTO is revoked. The MCTO does not affect the ability of other shareholders to trade in the securities of the Company. However, as announced on ...

MAG Silver Corp. today announced that it has obtained a receipt for the final short form base shelf prospectus filed with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission under the United States Securities Act of 1933, as amended and the U.S./Canada Multijurisdictional Disclosure System , and has become effective under the U.S./Canada Multijurisdictional Disclosure System. The Final Shelf Prospectus and Registration Statement will allow the Company to offer up to U.S.$250 million of common shares, preferred shares, debt securities, subscription receipts, units and warrants or any combination thereof during the 25-month period...

Troubadour Resources Inc. is pleased to announce changes to its leadership team, with the appointment of Mr. Chris Huggins as Chief Executive Officer and Mr. Navin Varshney as Chairman of the Board of Directors of the Company, effective immediately. Mr. Huggins, who has served as a director of the Company, will continue to hold his board position while stepping into the role of CEO. Mr. Huggins brings over 25 years of expertise in the mining, technology, and capital equipment industries. Holding a B.Sc. Honours in Geology, he began his career as a regional exploration geologist with Homestake, working on notable projects around Eskay Creek, Snip Mine, Stewart, and Dease Lake Camps. Over the past decade, he has delivered innovative capital equipment and financial solutions for...

American Salars Lithium Inc. announces it has completed a non-brokered private placement which raised gross proceeds of $580,000. The Company issued 2,900,000 units at a price of $0.20 per Unit. Each Unit is comprised of one common share of the Company and one half of one whole common share purchase warrant with each warrant being exercisable for the purchase of an additional common share at a price of $0.25 per share for a twelve-month period. The Company also paid finders fees of 10% cash totalling $43,100 and issued 215,000 Warrants to eligible finders. The securities are subject to a four months and one day hold period. The Company plans to use the proceeds of the Offering for general working capital. About American Salars Lithium Inc. About American Salars Lithium Inc. [...

Los Andes Copper Ltd. announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. on June 2, 2021, April 4, 2022 and September 2, 2022 the Company has elected to issue 13,944 common shares in the capital of the Company at a deemed price of US$7.53 to Queen's Road Capital as payment for US$104,998 in interest owing on the Convertible Debentures. Under the terms of the Convertible Debentures, interest is payable quarterly, five per cent in cash and three per cent in shares, at the greater of: the 20-day volume weighted average price prior to the interest payment date; or the Discounted Market Price ). The issuance of the Common Shares as payment for interest o...

Adamera Minerals proposes to proceed with a share consolidation on the basis of ten existing shares to one new common share. The Company will be seeking shareholders approval of the Consolidation at its upcoming Annual General Meeting to be held on June 5, 2024. If the Consolidation is approved, the Company's issued share capital will be reduced from 238,302,928 shares to approximately 23,830,293 shares. Upon completion of the Consolidation, Adamera will pursue certain financing options available to the Company. This is subject to TSX Venture Exchange approval. About Adamera Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regiona...

Mayfair Gold Corp. announces that it has received correspondence from all Terminating Employees except Patrick Evans, that they may be willing to rescind their Terminating Notices and direct that their respective portions of the Change of Control Payment , totaling approximately $2.47 million, be returned to the Company if acceptable settlement terms are reached. Terminating Employees and Change of Control Payments As previously disclosed by the Company, on May 1, 2024, Patrick Evans , Justin Byrd , Howard Bird and certain other employees delivered notices to the board of directors of the Company terminating their respective employment agreements pursuant to change of control provisions in their respective employment agreements. On May 6, 2024, the Company, having received in...

Capstone Copper Corp. announces that Mr. Robert Gallagher has retired from the Board of Directors of the Company effective May 30, 2024. Mr. Gallagher graduated with a B.A.Sc. in mineral engineering from the University of British Columbia in 1974 and has worked in the mining industry for more than 45 years. Prior to joining Capstone he was President & CEO and a director of New Gold Inc., an intermediate gold producer with projects on three continents, and also spent 15 years with Placer Dome Inc. and 7 years with Newmont Mining Corporation. He joined the Board of Capstone Mining Corp. in 2016 and served as Chair of the Technical and Operational Performance Committee since 2019. Mr. Darren Pylot, Chairman of the Board, commented, "We are deeply grateful...

VANCOUVER, BC and HOUSTON, May 31, 2024 /CNW/ - International Battery Metals Ltd. , is pleased to announce that it intends to complete a subsequent closing of its previously announced strategic private placement . Pursuant to the Private Placement, the Company expects to issue a minimum of 8,478,246 units for a price of CAD$0.76632 per Unit, for gross proceeds of CAD$6,497,050 . The Company may issue additional Units on the same terms, depending on whether certain parties will exercise existing pre-emptive rights in connection with the Private Placement. Each Unit consists of one common share of the Company, and one Common Share purchase warrant , each Warrant entitling the holder thereof to acquire one Common Share for a period of two years from the date of issuance for an e...

Lundin Mining Corp. reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act: The number of issued and outstanding shares of the Company has increased by 923,715 to 776,642,466 common shares with voting rights as of May 31, 2024. The increase in the number of issued and outstanding shares from May 1, 2024 to date is a result of the exercise of employee stock options or the vesting of employee share units. About Lundin Mining Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel. The information in this release i...