Quarterly revenue of $333M, EBITDA of $85M1 and EPS of $0.05 FY2024 revenue of $1,524M, EBITDA of $553M1 and EPS of $0.45 Declares a dividend of $0.10 per ordinary share DRPF project advancing as planned with an expected completion in H2/2025 MONTRÉAL, May 30, 2024 /CNW/ - - Champion Iron Ltd. reports its operational and financial results for its financial fourth quarter and financial year ended March 31, 2024. Champion's CEO, Mr. David Cataford, said, "Our mission to participate in the decarbonization of steelmaking globally is matched by our commitment to produce responsible materials locally. As such, I am proud of our environmental track record and of our team's ability to meet our ESG commitments, which are aligned with our values and essential to the success of our Comp...

Denarius Metals Corp. announced today that it has closed the first tranche of its previously announced best efforts private placement for gross proceeds of CA$10,025,000 from the sale of 10,025 convertible debenture units of the Company at a price of CA$1,000 per Unit. The First Tranche was led by Red Cloud Securities Inc. as lead agent and bookrunner, on behalf of a syndicate of agents, including Clarus Securities Inc. and Haywood Securities Inc. , and forms part of a larger private placement of up to 20,000 Units for total gross proceeds of CA$20,000,000 . The Company expects to complete the Offering in one or more additional tranches on or before June 13, 2024. In connection with the Offering, insiders of the Company, including Mr. Serafino Iacono and Mr. Federico Restrepo...

Patagonia Gold Corp. announces its financial results for the quarter ended March 31, 2024 . The financial statements together with the related management's discussion and analysis are available on the Company's website and under the Company's profile on SEDAR+ at www.sedarplus.ca. Highlights Generated revenue of US$1.8 million in Q1 2024. Produced 636 gold equivalent ounces and sold 850 gold equivalent ounces in Q1 2024. Incurred exploration expenditures of US$0.8 million in Q1 2024 including completion of: Mapping and sampling on the La Valencia project and a total of 384-line kilometers of ground magnetics surveying to the east of Veta Principal . A diamond drilling program on the Abril project to test the extension of mineralization identified in previous reverse circulati...

ValOre Metals Corp. ; today announced the voting results of its recent annual general meeting of shareholders , which was held on May 27, 2024. Shareholders approved setting the size of the Board at four, including the election of each director nominee. Detailed results of the vote for the election of directors are as follows: Nominee # Voted For %Voted For # Votes Withheld % Votes Withheld James Paterson 51,451,180 98.61% 726,333 1.39% Dale Wallster 51,381,152 98.47% 796,361 1.53% Garth Kirkham 51,471,180 98.65% 706,333 1.35% Darren Klinck 51,471,180 98.65% 706,333 1.35% Shareholders also approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the auditors of the Company by 98.65% of votes for, and the Stock Option Plan as described in the ...

China Gold International Resources Corp. Ltd. is pleased to announce that the operation of the Phase II processing plant has been resumed at its Jiama Copper-Gold Polymetallic Mine effective May 30, 2024, following the receipt of approval from the Government of Tibet Autonomous Region. On March 27, 2023, the operations of the Jiama Mine were suspended due to a tailings overflow at the Guolanggou Tailings Dam . During the suspension of operations, the Company actively carried out comprehensive repair and reinforcement work at the Guolanggou Tailings Dam. With the approvals of the Government of Tibet Autonomous Region and relevant departments of the central government, the Phase II processing plant will resume operations with a daily processing capacity of 34,000 tonnes. The Pha...

O2Gold Inc. is pleased to announce that it has closed its first tranche of a previously announced non-brokered private placement financing of common shares at a price of $0.05 per Common Share for gross proceeds of $100,000 . For more information about the Offering, please see the Company's press release dated April 24, 2023, which is available under the Company's profile on SEDAR+ at www.sedarplus.ca. Pursuant to the First Tranche, O2Gold issued 2 million Common Shares at a price of $0.05 per share. The securities issued in connection with the First Tranche are subject to a statutory four month hold period, which expires on October 1, 2024. Completion of the Offering is subject to receipt of final approval of the NEX board of the TSX Venture Exchange . In conne...

Labrador Iron Ore Royalty Corp. announced that Iron Ore Company of Canada , in which LIORC holds a 15.1% equity interest, has declared a dividend to be paid in June. LIORC's portion of the IOC dividend is U.S. $30.2 million, or about CDN. $41.2 million. For further clarity, this announcement refers to the declaration of an IOC dividend to be received by LIORC and is NOT the declaration by LIORC of a dividend to be paid to LIORC shareholders. LIORC typically declares a second quarter dividend in June based on the total amount of cash expected to be received in the quarter, including the IOC dividend. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna L...

Lavras Gold Corp. has granted an aggregate of 1,454,000 stock options to purchase common shares of the Company exercisable at a price of $1.70 per Common Share and expiring on May 30, 2029, to certain directors, officers, consultants and employees of the Company. As well, 101,419 Restricted Share Units were granted to officers of the Company in addition to the stock options. The RSUs vest on May 30, 2025, and will be settled with shares of the Company. The stock options and RSUs were granted as per the Company's normal course of business, roughly one year from the grant done in 2023, prior to the Annual General Meeting. About Lavras Gold Corp. Lavras Gold Corp. is a Canadian exploration company focused on realizing the potential of a multi-million-ounce gold dis...

Canada Carbon Inc. , reports that it has filed on SEDAR the National Instrument 43-101 report of the maiden Mineral Resource Estimate for its 100% owned Asbury Graphite Project located 80 kilometres NNE of Gatineau, near Notre-Dame-du-Laus, Québec . The Resource Estimate was prepared pursuant to Canadian Securities Administrators' NI 43-101 by the independent firm SGS Canada Inc. of Blainville, Quebec. The Maiden Resource Estimate consists of an inferred resource of 4.14 Mt with an average grade of 3.05% Cg, within the boundaries of an optimized open pit mine model. The cut-off grade for the Mineral resources was established at 1.0% Cg. Mineral Resource Estimation Parameters The Mineral Resources were estimated by Mr. Yann Camus, P.Eng., from SGS Geological Services, an indepe...

Osisko Mining Inc. announces the results of its annual meeting of shareholders held earlier today. A total of 262,117,077 common shares of the Corporation were represented at the Meeting, representing approximately 70.911% of the total number of common shares of the Corporation issued and outstanding. All matters presented for approval at the Meeting were duly authorized and approved, as follows: PricewaterhouseCoopers LLP was appointed as the auditor of the Corporation for the ensuing year, and the board of directors of the Corporation was authorized to fix their remuneration; and all of the management nominees were elected to the board of directors of the Corporation to serve for the ensuing year or until their successors are duly elected or appointed ; and Detailed voting ...

Lithium Ionic Corp. reports that its wholly owned subsidiary, Neolit Minerals Participações Ltda , has entered into a binding agreement to acquire the remaining 15% of select Salinas properties , located within the Curralinho Pegmatite Field of the lithium-rich Araçuaí Pegmatite District, in Minas Gerais, Brazil . Upon closing of the Agreement, Lithium Ionic will own 100% of all the Salinas group of properties . As consideration pursuant to the Transaction, the Company shall make the following payments to the vendor: Cash payment of the Brazilian Real equivalent of US$2 million by June 7, 2024 Cash payment of the Brazilian Real equivalent US$1 million by April 4, 2025 Issuance of 2.5 million shares of Lithium Ionic by June 18, 2024 The Salinas prop...

Cruz Battery Metals Corp. has arranged a non-brokered listed issuer financing exemption private placement of up to 6,250,000 units at a price of $0.036 per unit. Each unit will comprise of one common share of the Company and one share purchase warrant to purchase one common share of the Company at a price of $0.05 for a period of 60 months from the Closing Date. The Offering is expected to close on or about June 10, 2024, or such other date and is subject to certain conditions including, but not limited to, the receipt of all necessary Canadian Securities Exchange, regulatory and other approvals. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions , the Units will be offered for sale to purcha...

New Zealand Aluminium Smelters has signed 20-year electricity arrangements that secure the future of the Tiwai Point aluminium smelter to continue competitively producing high-purity, low-carbon metal, backed by a diversified mix of renewable electricity from New Zealand's South Island. NZAS, which owns and operates Tiwai Point, has signed contracts with electricity generators Meridian Energy, Contact Energy and Mercury NZ to set pricing for an aggregate of 572 megawatts of electricity to meet the smelter's full electricity needs. The agreements, which are subject to regulatory approvals and other conditions, are expected to commence in July 2024 and run until at least 2044. Rio Tinto Aluminium Chief Executive Jérôme Pécresse said "We are pleased the long-term future of the Ti...