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...

Rugby Resources Ltd. announces that due to subscriber demand, its board of directors has approved an increase to its private placement offering. The increased offering will consist of up to 18,440,000 units , up from the 10,000,000 Units previously announced on May 27, 2024. The terms of the private placement financing will remain the same and each Unit will be offered at a price of $0.05 per Unit for gross proceeds of $922,000 . Each Unit will consist of one common share and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.10 for a period of two years from the date of the close. All securities issued pursuant to the Offering will be subject to a statutory hold pe...

International Tower Hill Mines Ltd. - announces the results from its 2024 Annual General and Special Meeting of shareholders held in Vancouver, B.C. on Wednesday, May 29, 2024 . At the Meeting, the Company's shareholders elected the following individuals as directors of the Company, with all receiving a majority of the votes cast, as follows: Director Votes For Votes Withheld Anton Drescher 125,608,817 15,141,363 Karl Hanneman 140,120,328 629,852 Stuart Harshaw 113,971,984 26,778,196 Marcelo Kim 140,026,490 723,690 Edel Tully 139,570,076 1,180,104 Thomas Weng 139,683,697 1,066,483 The shareholders re-appointed the current auditors, Davidson & Company LLP, Chartered Accountants, as auditors of the Company for the fiscal year ending December 31, 2024 and authorized the directors...

American Lithium Corp. is pleased to provide financial and operating highlights for the fiscal year and quarter ended February 29, 2024. Unless otherwise stated, all amounts presented are in Canadian dollars. Simon Clarke, CEO of American Lithium, comments, "This was an extremely successful year operationally for both Falchani and TLC, our advanced lithium projects in Peru and Nevada, respectively. We also made strong progress in positioning our large-scale uranium project, Macusani , to unlock value for the Company and its shareholders. The filing of the maiden PEA for TLC and an updated PEA on Falchani demonstrated robust economics for both projects and led to a combined after-tax net present value of approximately US$8.37 billion. However, the overall market ...

Probe Gold Inc. , is pleased to announce it has entered into an agreement with Beacon Securities Limited and Canaccord Genuity Corp. , on behalf of a syndicate of underwriters , in connection with an underwritten private placement offering of 2,067,000 non-flow through common shares of the Company at a price of $1.21 per NFT Share for gross proceeds to the Company of $2,501,070 and ; and 6,314,000 common shares that will qualify as "flow-through shares" within the meaning of the Income Tax Act of the Company at a price of $1.98 per FT Share for gross proceeds to the Company of $12,501,720 . In connection with the Offering, the Company has granted the Underwriters an option , exercisable, in whole or in part, by the Co-Lead Underwriters, upon notice to the Company at any time ...

Adventus Mining is pleased to announce that Adventus has fully repaid and settled the amount payable of approximately US$6.3 million pursuant to a credit facility and agreement between Adventus and Trafigura PTE, the terms of which were disclosed in the Company's news releases dated August 4, 2022, and July 14, 2023. As a result of this repayment, Adventus has satisfied and terminated all outstanding obligations under the credit facility agreement with Trafigura. The repayment to Trafigura, which includes the principal amount of the credit facility as well as certain early repayment fees and reimbursements, was funded from the proceeds of the C$25.6 million private placement that was completed on May 1, 2024, in conjunction with the proposed acquisition

VANCOUVER, BC, May 30, 2024 /CNW/ - The following issues have been halted by CIRO Company: Omai Gold Mines Corp. TSX-Venture Symbol: OMG All Issues: Yes Reason: Pending News Halt Time : 2:52 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 prov...

SKRR Exploration Inc. announces that further to its May 1, 2024 news release, the Company and Citizen Mining Corp. have mutually terminated the arm's length share exchange agreement dated May 1, 2024. The Company's shares will resume trading effective at market open on Tuesday, June 4, 2024. About SKRR Exploration Inc. SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan - some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium, precious, and base metal deposits. The Trans-Hudson Orogen - although extremely well known in geological terms has been significantly under-explored in Saskatchewan. SKRR is committed to all...

Omai Gold Mines Corp. has entered into an agreement with Paradigm Capital Inc. to act as lead agent and sole bookrunner, on behalf of a syndicate of agents to be formed, in connection with a "best efforts" private placement offering of 83,334,000 common shares of the Company to be issued at $0.12 per Share for gross proceeds of $10,000,080. In addition, the Agent has been granted an option to sell up to 12,500,100 additional Shares for additional gross proceeds of $1,500,012. The net proceeds from the Offering will be used for exploration and development, and general working capital purposes. The Offering is expected to close on or about June 20, 2024 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including t...

Cerro De Pasco Resources CEO Guy Goulet joined Steve Darling from Proactive to share significant news about the company's progress. Cerro De Pasco Resources has been granted a long-awaited Land Easement via Supreme Resolution, which provides access to the surface areas corresponding to its wholly owned El Metalurgista Concession and Quiulacocha Tailings Project. This easement marks a major milestone for the company as it allows for the commencement of a comprehensive exploration drilling campaign.
Goulet explained that the Supreme Resolution resolves a longstanding deadlock with the state-owned Activos Mineros SAC, enforcing Cerro De Pasco Resources' legitimate rights as the holder of the El Metalurgista Concession. This resolution enables the comp...

Inca One Gold Corp. a gold producer operating two mineral processing facilities in Peru provides the following update. Further to the Company's news release on April 8, 2024 whereby the Company announced the receipt of a notice of default from OCIM Precious Metals related to a missed gold loan payment, on May 23, 2024, OCIM delivered to the Company a Notice of Intention to Enforce Security in both Canada and Peru. OCIM's primary security is a share pledge over the Company's 100% owned Peruvian subsidiaries that own the Company's Chala One processing plant in Peru. The Company is in negotiations with OCIM and is committed to finding a solution that is in the best interests of all its stakeholders. About Inca One Inca One Gold Corp. is an established gold producer...

Latrobe Magnesium Ltd. chief operating officer Ronan Gillen sits down with Jonathan Jackson in the Proactive studio to discuss the firm commitments received to raise A$12 million from new and existing institutional and professional investors via an institutional placement, alongside a proposed fully underwritten, non-renounceable entitlement offer to raise A$6 million. Funds will be utilised for the final structural works and commissioning of the Demonstration Plant, final engineering for steady-state production of 1,000 tonnes per annum magnesium metal and ongoing R&D in partnership with CSIRO. The offer received strong support from LMG's directors and management, who subscribed for A$650,000 of shares. Gillen expressed satisfaction with the support, noting the demand fr...