Torr Metals CEO Malcolm Dorsey joined Steve Darling from Proactive to announce a significant expansion of the Kolos Copper-Gold Project. Through strategic staking, Torr Metals has increased the project area by 75%, growing from approximately 140 km² to 240 km². This expansion focuses on the northern area of the project, following the extension of the north-trending Fanta Fault. This fault has been identified by the company as a major structural control on copper and gold mineralization in the region.
Dorsey also shared that, in conjunction with the project expansion, the company has mobilized a field team in preparation for the upcoming 2024 field season. The team will conduct early reconnaissance at multiple newly identified exploration targets, including a new...

VANCOUVER, BC, May 29, 2024 /CNW/ - Trading resumes in: Company: Magna Terra Minerals Inc. TSX-Venture Symbol: MTT All Issues: Yes Resumption : 1:30 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt ...

TSX-MI5 Minco Capital Corp. announced its intention to launch another Normal Course Issuer Bid to buy back and cancel its shares, subject to TSX Venture Exchange approval. The previous NCIB expired on March 31, 2024. The new NCIB will commence on June 3rd, 2024, and will allow the Company to purchase up to 2% of the 43,430,881 issued and outstanding shares in a given 30-day period, up to a total of 3,245,645 common shares of the Company, which represents approximately 10% of the public float, over a 12-month period. The program will expire on June 2nd, 2025, unless the maximum number of Common Shares are purchased before then or Minco Capital provides earlier notice of termination. Purchases will be made on the TSXV and alternative exchanges at the market price at...

Ascot Resources Ltd. is pleased to announce that, further to the Company's news release dated May 7, 2024, the Company has closed the first of two tranches of the C$5.0 million non-brokered flow through private placement , the proceeds of which will be used to fund the 2024 exploration program at the Company's Premier Gold Project , located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. The Offering consists of 6,024,096 common shares of the Company, which qualify as "flow-through shares" within the meaning of the Income Tax Act , at a price of C$0.83 per FT Share. Under the First Tranche, the Company issued 1,204,096 FT Shares for gross proceeds of C$999,400. The second and final tranche of the Offering is anticipated to clos...

ExGen Resources Inc. is pleased to provide an update in respect of Phoenix Copper Ltd.'s exploration and development activities at the Empire Mine Project in Custer County, Idaho, USA, further to Phoenix's news release of May 15, 2024. ExGen owns 20% and Phoenix owns 80% of Konnex Resources, Inc. , which holds the leases and claims to the Empire Mine Project, which includes all of the Navarre Creek claim block. ExGen further owns 1,330,000 common shares of Phoenix. Jason Riley, CEO of ExGen commented: "I am encouraged that seven holes in Target 1 encountered a continuous zone/band of low-grade gold mineralization at shallow depths and open along strike and down-dip. The drilling results are representative of a relatively shallow, near-surface portion of the mineralized system...

Gold Hunter Resources Inc. a Canadian exploration company focused on the acquisition, exploration, and development of precious & base metal projects, is pleased to announce that, on May 29, 2024, it entered into a definitive option agreement with Magna Terra Minerals Inc. , an arm's length party, pursuant to which it has acquired an option to earn a 100% undivided interest in Magna Terra's Great Northern and Viking Projects, located in the province of Newfoundland and Labrador . Closing of the Transaction remains subject to, without limitation, receiving all necessary consents and approvals, including the approval of the Canadian Securities Exchange , as well as the satisfaction of customary closing conditions. Gold Hunter expects to complete the Transaction in the coming wee...

Tier One Silver Inc. is pleased to announce that it has engaged Strike Communications Inc. for corporate communications and capital markets support. Led by Julia Becker, Strike is a boutique capital markets, investor relations and corporate communications firm with extensive experience across various industries. In connection with the agreement, Strike will assist with the creation, coordination and implementation of the Company's targeted capital markets strategy and investor relations objectives. Ms. Becker brings 15 years' experience in capital markets, corporate communications and business development. She has worked with many TSX and TSX Venture listed issuers across various industries, and with a boutique investment bank in Toronto. She has an extensive network of retai...

Altiplano Metals CEO Alastair McIntyre joined Steve Darling from Proactive to discuss the latest results from the company's underground and surface channel sampling at the Santa Beatriz Copper-Gold-Iron Project. The recent sampling efforts confirmed high-grade copper-gold mineralization within the Santa Beatriz vein complex. In total, 98 samples were collected, completing 37 sampling channels, providing substantial data on the vein's mineral content.
McIntyre highlighted the significant potential for further developing Santa Beatriz to enhance its production of copper, gold, and iron. Currently, the mine operates under a permit allowing for 3,000 tonnes per month , but the company plans to apply for an increase to 5,000 tpm through the appropriate mining authorities. The Sant...

VANCOUVER, BC, May 29, 2024 /CNW/ - Trading resumes in: Company: Lithium Ionic Corp. TSX-Venture Symbol: LTH All Issues: Yes Resumption : 11:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyon...

Arizona Gold & Silver Inc. is pleased to announce the appointment of Cathy Fitzgerald as a Technical Advisor to the Company. Ms. Fitzgerald is an executive and professional geoscientist with over 20 years of resource industry experience in technical and leadership roles that drive the strategy, execution, and advancement of exploration & development projects across various commodities . Currently, she is the President and Chief Geologist, and a Director of South Pacific Metals Corp., leading the advancement of four copper-gold porphyry exploration projects in Papua New Guinea. Previously, she was Vice President Exploration & Resource Development at Apollo Silver and Director Resource Evaluation, Ivanhoe Electric . Cathy holds a M.Sc. in Geology from the University of ...

178,000tpa of spodumene concentrate production 14-year mine life After-tax NPV8 of US$1.3B; IRR of 40% All-in operating costs of $444/t SC5.5 *All amounts expressed in U.S. dollars unless otherwise noted TORONTO, May 29, 2024 -- Lithium Ionic Corp. is pleased to announce the results of a Feasibility Study for its 100%-owned Bandeira Lithium Project located in Minas Gerais, Brazil. The Bandeira claims span 157 hectares, which represents only about 1% of Lithium Ionic's extensive 14,182-hectare land package in Brazil's 'Lithium Valley', a region of global significance for hard-rock lithium production. Highlights of the Feasibility Study for the Bandeira Project: Mine Life & Production: 14-year underground mining operation producing an average of 178,000t of high-q...

Kodal Minerals CEO Bernard Aylward joined Steve Darling from Proactive to provide an update on the project development activities at the Bougouni Lithium Project in Southern Mali. The project is fully funded following the completion of a $117.5 million funding transaction. The company reports that the manufacture of the DMS processing plant and crushing circuit is progressing as scheduled, with equipment shipping from China to West Africa expected to begin in early June. Initial shipping of structural steelwork to the project site is also anticipated in June.
Aylward mentioned that a consortium of mining contractors has been mobilized to Bougouni, with site clearing completed ahead of plant construction, which is due to commence in early June. Civil construction contracts hav...

Lithium South Development Corp. is pleased to update progress at Pumping Well PW23-AS-02 on its flagship Hombre Muerto North Lithium Project , which is the first pumping well to be located at the Alba Sabrina claim block. Spanning 2,089 hectares, Alba Sabrina is the largest claim block in the 5 claim salar located HMN Li package and a key component of the corporation's lithium development efforts. Well PW23-AS-02 is currently pumping at a rate of 25 liters per second. The hole geology is mainly sand therefore the hole is encountering sediment contamination. This has been resolving over the past five days and is expected to continue to clear. Upon achievement of clarification, the pumping rate will be increased. Full results are expected by the end of May. Corporate Interest a...