Kraken Energy Corp. is pleased to announce a non-brokered private placement of up to 11,200,000 units at a price of CDN$0.09 per Unit for gross proceeds of up to CDN$1,008,000 . Each Unit will consist of one common share of the Company and one half of one transferable common share purchase warrant . Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of CDN$0.20 per share for a period of three years from the date of issuance. The Company may pay finder's fees and/or commissions to eligible persons in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange . The net proceeds of the Offering will be used for corporate purposes and on the Comp...

Blue Star Gold Corp. announces that its field team has been mobilized to undertake ground-based programs that will lead to further refinement of the high potential drill targets to be tested this season at the Ulu-Hood River and Roma Projects in the High Lake Greenstone Belt, Kitikmeot Region of Nunavut. Blue Star is focused on advancing its high-grade Ulu Gold Project in Nunavut through resource expansion and new discoveries. Initial Field Activities Mapping and prospecting will initially focus on North Nutaaq, Mikigon and the High Lake VMS Deposit stratigraphy, followed by pipeline targets Induced polarisation geophysical surveys will commence at Mikigon, and then move down to the Nutaaq Trend and Central Zone Electromagnetic surveys will start at the HI01 target and Granit...

Highlights: Filed the Mineral Resources Statement in compliance with the National Instrument 43-101 Standards that defines the large and high-grade Mineral Resources at the Ferguson Lake Project . 80% of the Indicated Mineral Resource is Open Pit, which provides a solid Mineral Resource base for the initial development of a potential large mine. Identified new targets with significant resource upside potential along strike and down dip of the 15 km long main mineralized horizon and on additional zones including M-Zone, A51-Zone, A51 Zone Extension, Small Island and Lake Zone, West Zone South and South Discovery Zone . Planned new metallurgical tests, economic evaluation and infrastructure and environmental studies for low-carbon footprint mine development at the Ferguson Lake Project. TORO...

Trailbreaker Resources Ltd. is pleased to announce the commencement of the 2024 surficial exploration program at our Castle Rock property on northern Vancouver Island, British Columbia . The program will consist of follow-up exploration on the results obtained during 2023 as well as reconnaissance exploration on unexplored ground. Figure 1: Areas of focus for the 2024 exploration program. Soil geochemical anomalies and highlighted rock samples from the 2023 surface sampling program are overlain on geological and structural interpretations of the regional airborne magnetic survey. Sampling defined a 3 km gold-in-soil trend which includes the Heart, Watchtower, and Kokummi zones. The 2024 exploration program will follow up on results at the newly discovered Watchtower and Kokum...

Management to Host Investor Webinar to Outline its Plans and Milestones for 2024 Hot Chili Ltd. advises that further to its announcement on 21 May 2024 regarding the early closure of its Share Purchase Plan , the Company is pleased to provide shareholders with the results of the SPP and some further information on the scale-back methodology and expected processing dates for refunds. The SPP was strongly supported by eligible shareholders and applications received were well above the intended raise amount of A$5 million. Close to 700 applications to participate in the SPP at an issue price of A$1.00, being the same price as the recently closed private placement to institutional, professional and other investors completed on 9 May 2024 , were received. Given the overwhelming re...

­ May 27, 2024 = TheNewswire - TORONTO, ON - Star Royalties Ltd. is pleased to invite investors and other interested parties to attend the Company's upcoming Investor Update and Q&A Webinar with Market Radius Research on May 29th, 2024. Alex Pernin, Chief Executive Officer of Star Royalties, will review the latest developments at Star Royalties and discuss the outlook for its Green Star Royalties Ltd. joint venture and its precious metals royalties portfolio. The webinar will be a live and interactive online event where attendees are invited to ask the Company questions in real-time following the interview. An archived webcast will be made available for those who cannot join the event live. Event: Investor Update and Q&A with [wp=4244]Star Royalties ...

Avalon Advanced Materials Inc. is pleased to announce the results of an order of magnitude site infrastructure valuation report prepared by AFRY Canada for the site of Avalon's proposed lithium processing facility in Thunder Bay, Ontario. The report highlights that the replacement cost of the infrastructure at Avalon's Thunder Bay site, factoring in its current condition, is estimated to be $46 million. In addition, the land value is estimated at between $11 to $16 million, which brings the total estimate of the site value to be between $57 to $62 million. The findings highlight the value proposition inherent in Avalon's Thunder Bay site including existing buildings, underground services, electrical services, rail spurs and a deep-water port. The site encompasses 154 acres of ...

Assay Highlights:24GF-1426: 586.7 g/t Au over 0.5 m 24GF-1424: 14.3 g/t Au over 5.0 m 24GF-1397: 17.4 g/t Au over 4.2 m 22GF-1366: 8.8 g/t Au over 3.9 m TORONTO, May 27, 2024 -- McEwen Mining Inc. is pleased to provide new assay results from the Grey Fox deposit, part of our Fox Complex. The results in Table 1 demonstrate intriguing explorations targets at depth and attractive near surface gold grades with potential to be recovered utilizing lower cost open pit mining methods. Gold at Grey Fox has been found in multiple zones, including Gibson, Whiskey-Jack, 147 and Grey Fox South . The current resource estimate for Grey Fox is 1,168,000 oz gold at a grade of 4.80 g/t Au Indicated and 236,000 oz gold at 4.35 g/t Au Inferred. An updated resource estimate will be completed in l...

Highlights Greg Foofat - With over 20 years of experience, Mr. Foofat has contributed to transactions exceeding $24 billion in M&A and A&D and approximately $5 billion in equity and debt financing. Patrick Laperrière - Mr. Laperrière has overseen mining portfolios for Canada's largest pension funds and has led extensive equity raises for Canadian brokerage firms. Jay Swartzentruber - As Director at Canam Metals, Mr. Swartzentruber is set to produce lithium and gold with exceptionally low production costs. VANCOUVER, British Columbia, May 27, 2024 -- Lancaster Resources Inc. , a critical mineral exploration company, is delighted to welcome three distinguished professionals to its advisory board: Greg Foofat, Patrick Laperrière, and Jay Swartzentruber. Greg Foofat bring...

Giyani Metals Corp. , developer of the K.Hill battery-grade manganese project in Botswana , announces changes to its board of directors as part of the Company's transition to becoming a manganese battery metals producer. Jonathan Henry, Michael Jones, John Petersen and Nicola Spooner have retired from the board, effective as of May 24, 2024. Mark Burnett will join the board as interim chair, with the remaining directors, President and CEO Danny Keating, Alex Azpitarte, Thuso Dikgaka and Stephanie Hart. The Board has commenced the process to identify new directors with specific expertise in EV battery product marketing, project financing and capital markets experience, with a view to completing the process prior to the next Annual General Meeting when Mr. Burnett will step dow...

Silver Storm Mining Ltd. , is pleased to announce further drill results from its Phase 1 diamond drilling program at the Company's 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Results from the 23 holes ) contained within this release are from the Rosarios and C340 Zones in the Rosarios mine. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240527198653/en/ Figure 1: Rosarios Zone Cross Section View to North of Key Results Holes RO-24-001 to 023A An overview video on the La Parrilla Project is available at: www.youtube.com/watch?v=dybgKXcGrYo Key highlights include: Numerous high-grade intercepts were encountered within the Rosarios Mine underneath and in proximity to previous mined stopes. T...

Star Diamond Corp. is pleased to provide a review of the work completed by Rio Tinto Exploration Canada Inc. on the Fort à la Corne Project . From June 2017 until June 2022, RTEC pursued extensive exploration and evaluation analysis on two fronts at the FalC Project: The successful completion and calibration of a trench cutter bulk sampling and macrodiamond recovery program on Star Kimberlite, with a view to expand this program to the Orion South Kimberlite; and A separate team of RTEC geologists conducted the Orbit exploration program, with the aim of prioritizing the diamond prospectivity of all the other kimberlites that make up the FalC Project. RTEC also conducted detailed mining studies for the future development of diamond mines on the Star, Orion South and O...

Madison Metals Inc. is pleased to announce that Reverse Circulation drill hole KM5RC003 has intersected strong uranium mineralization over minable widths under trench area TR003 . The RC hole was positioned at 55-degree azimuth facing northeast intersecting four distinct uranium mineralized radiometric D-type leucogranites over 157 metres . Spectrometer readings from chip sample bags returned values as high as 1.36% U3O8 at 45m and 1.54% at 148m vertical depth from surface. Mineralization is open in all directions and requires additional drilling to determine size and geometry. The RC hole will be geo-probed and chemical assays will be performed as per the Company's QA/QC protocol to confirm uranium concentrations. Further details will be provided as results are received and ...