Newmont Corp. announces it is expanding its use of next generation 5G wireless networks to improve safety in underground mining following trial results from its Cadia mine in New South Wales, Australia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808438668/en/ The Ericsson Private 5G solution is installed in spare rack space in enterprise communications rooms and connects to privately owned and operated 5G radios installed indoors and outdoors. In February last year Newmont announced a trial of 5G in partnership with Ericsson and Telstra Purple at its Cadia mine - one of the largest underground gold and copper mines in the world. Before the trial, Cadia was limited to upload speeds of 20-30 megabits per second ...

Atico Mining Corp. is pleased to announce that it has entered into an amendment and restatement agreement with Trafigura PTE. LTD. to amend the US$ 10 million credit agreement entered into with the Lender in February 2022 , by extending the maturity date of the credit facility from August 8, 2024, to July 31, 2026, with the following principal repayment schedule: US$ 650,000 due on January 31, 2025, and April 30, 2025; US$ 700,000 due on July 31, 2025; US$ 950,000 due on Oct 31, 2025, January 31, 2026, and April 30, 2026; and US$ 5,150,000 due on July 31, 2026; The outstanding principal will bear interest at a rate of SOFR plus 7.5%. About Atico Mining Corporation Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin...

Marimaca Copper Corp. is pleased to announce the appointment of Kieran Daly to its Board of Directors . Mr. Daly joins as a non-executive Director and as a nominee of Assore International Holdings Limited pursuant to the rights associated with the previously announced strategic equity investment in Marimaca by AIH . Mr. Daly is the Managing Director of AIH and Executive: Growth & Strategic Development at AIH's parent company, Assore Holdings Limited . Mr. Daly has over 30 years of experience in the mining industry across executive, strategic, corporate development, commercial and operational roles. He joined Assore in 2018 having previously spent over 10 years in natural resources investment banking at UBS, Macquarie and Investec. Prior to that, Mr. Daly spent 15 years at Ang...

Millbank Mining Corp. announces that it intends to shift its focus from the exploration and development of precious metals properties to the exploration and development of opportunities in the clean energy space, specifically natural hydrogen. In conjunction with the proposed new strategic direction, the Company proposes to change its name to "Primary Hydrogen Corp." . In connection with the Name Change, the Company also intends to change its stock symbol from "MILL" to a symbol reflective of the proposed new name. The Name Change remains subject to the approval of the TSX Venture Exchange. Assuming all required approvals are obtained, the Company will provide a further news release announcing the effective date for the Name Change, the Company's new stock symbol and the new ...

MONTREAL, Aug. 8, 2024 /CNW/ - Auxico Resources Canada Inc. is pleased to announce that it intends to extend the expiry date of an aggregate of 1,650,000 outstanding warrants . The 2021 Warrants were issued as a result of the conversion of convertible debentures issued by the Company on October 23, 2020, and announced on October 26, 2020. The initial exercise price of the 2021 Warrants is USD $0.25. The 2021 Warrants have an original expiration date of August 9, 2024. The Company proposes to extend the expiration date of the 2021 Warrants by an additional 12 months, so that the 2021 Warrants will expire on August 9, 2025. All other terms and conditions of the 2021 Warrants will remain unchanged. The Canadian Securities Exchange has approved the extension of the 2021 Warrants....

Lake Victoria Gold Ltd. - is pleased to announce that it has closed the second tranche of its non-brokered private placement announced on July 15, 2024 of unsecured convertible debentures for gross proceeds to the Company of $187,000. The Company closed an initial tranche of the Private Placement on July 26, 2024 for gross proceeds of $563,000. The Company also announces that due to investor interest it is increasing the size of the Private Placement to raise aggregate gross proceeds, together with the first and second tranche, of up to $1,000,000, which will be completed in one or more additional tranches. Each Debenture bears interest at 12% per annum payable quarterly, which interest, may at the option of the Company be settled in cash or in common shares of the Company su...

Heliostar Metals Ltd. is pleased to announce that it has closed the final tranche of its non-brokered private placement offering . Timing for closing of the Final Tranche was driven by the need to obtain TSX Venture Exchange approval for a new insider position. Pursuant to the Final Tranche, the Company issued an aggregate of 1,886,000 Shares at a price of $0.265 per Share for gross proceeds of $499,790. Further to the Company's news releases dated June 5, 2024 and June 21, 2024, the Company has raised aggregate gross proceeds of $4,979,505 in the Offering. The Shares issued in the Final Tranche were offered to purchasers pursuant to the accredited investor exemption under Section 2.3 of NI 45-106 and will be subject to a statutory hold period of four months and one day. The ...

This news release is issued by Nioko Resources Corporation pursuant to the early warning requirements of Canada's National Instrument 62-104 and National Instrument 62-103 with respect to common shares of Orezone Gold Corp. , a reporting issuer in each of the Provinces and Territories of Canada with a head office at 450-505 Burrard St., Vancouver, British Columbia, V7X 1M3. On August 8, 2024, the Acquiror acquired ownership of 92,743,855 Common Shares issued from treasury at a price of C$0.70 per Acquired Share for aggregate consideration of C$64,920,698.50 . The Acquired Shares represent approximately 19.99% of the Common Shares issued and outstanding on closing of the Equity Financing. Prior to closing of the Equity Financing, Nioko Resources did not beneficially own or con...

Auxico Resources Canada Inc. announces that as a result of the agreed corporate strategy and prioritizing the development of key projects in Colombia and Bolivia, and as announced in the news release that the Company issued on December 19, 2023, the Company's Board of Directors has decided not to allocate any further capital to the Massangana Project located in the state of Rondônia, Brazil. Auxico also announces that the sales agency agreement that the Company signed on March 30, 2022 with Central America Nickel Inc. with regard to the exclusive trading rights for rare earth concentrates exported from the Democratic Republic of Congo, has expired on March 30, 2024. The Company will no longer operate or invest in any of its projects in Brazil and Democratic Republic of Congo....

Maura Kolb, P. Geo., President of Dryden Gold Corp. and her team joined Dean McPherson, Head, Global Mining, Toronto Stock Exchange & TSX Venture Exchange to celebrate the Company's new listing on TSX Venture Exchange and open the market. Cannot view this video? Visit: https://www.youtube.com/watch?v=JbqRQ9vqTkE Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange and on the OTCQB marketplace . The Company has a strong management team and Board of Directors comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls a 100% interest in a dominant st...

Ramp Metals Inc. is pleased to announce that, due to investor demand, the Company is increasing the size of its previously announced non-brokered private placement financing from $4,500,000 to approximately $4,900,000 . The Offering is expected to be led by Eric Sprott and EarthLabs. The issue price of the securities in the Offering, namely the common shares of the Company and the charity flow-through Common Shares , is unchanged at $0.55 per Common Share and $0.78 per CFT Share. As described in the Company's news release dated July 17, 2024, the proceeds from the issuance and sale of the CFT Shares will be used for exploration expenses at Ramp Metals' Rottenstone SW property in Saskatchewan and the proceeds from the issuance and sale of the Common Shares will be used for bot...

Western Star Resources is pleased to announce a non-brokered private placement of up to CAD$130,000 . The Company intends to issue up to 1,444,444 million units of the Company, at a purchase price of $0.09 per unit. Each unit will comprise of one common share in the capital of Western Star and one full purchase warrant. Full warrants are exercisable into one Common Share of the Company at an exercise price of $0.125 per share at any time up to 24 months following the closing date. The Company intends to use the net proceeds for general working capital. Completion of the Offering is subject to the approval of the CSE. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security ...

Saga Metals Corp. , a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce that Rio Tinto Exploration Canada has commenced its initial exploration program on the Legacy Lithium project. Saga and RTEC executed an option to joint venture agreement on June 28, 2024 on the Legacy Lithium Project in the renowned James Bay Lithium District. RTEC is a Canadian subsidiary of the Rio Tinto Group . The Legacy Lithium Project is located in Quebec's Eeyou Istchee James Bay region . Figure 1: A map of the "Lithium Neighborhood" at the Legacy Lithium Project in Quebec The Legacy Lithium project is a lithium-cesium-tantalum pegmatite exploration project consisting of an aggregate of 663 claims covering an area of 34,243.76 hectares. Thes...