Cyprium Metals Ltd. executive chair Matt Fifield joins Proactive's Jonathan Jackson after the company completed and published the Nifty Surface Mine Scoping Study, confirming the economic viability of a large surface mine.The study highlights that the optimal pit is estimated to contain 70 million tonnes of sulphide ore at 0.9% copper, leading to an expected recovery of 570,000 tonnes of copper through a concentrator over the mine's life. The proposed truck-shovel surface mine is expected to generate approximately 4.5 million tonnes of ore feed per year, with anticipated average annual production of 36,000 tonnes of contained copper-in-concentrate through an expanded plant.The projected capital expenditure is A$175 million, covering plant refurbishment, expansion and ancillary...

Sego Resources Inc., is pleased to announce that it has engaged SRK Consulting to provide a 3D geological model and an estimation of the Exploration Target potential of the Southern Gold Zone on the Miner Mountain Project. SRK Consulting is a world leading consulting company that provides consulting services across the mining life cycle from exploration through development and operations to closure. Being 100% employee owned, SRK is known throughout the international banking and investment community for its independence. Sego is pleased to take this initial step in advancing and developing the Southern Gold Zone and moving forward with the exploration and development of its copper-gold porphyry targets. The Southern Gold Zone consists of fine-grained disseminated gold in alte...

Reyna Silver Corp. Head of Investor Relations Lauren Megaw Head joined Steve Darling from Proactive to provide insights into the company's projects and strategic direction. Reyna Silver Corp., a silver exploration company, is dedicated to high-grade, large-scale projects, with a particular emphasis on its Gryphon project in Nevada.
Gryphon stands out as the company's flagship project for 2024, characterized by its stacked Carlin-type gold system, carbonate replacement deposit, and critical metals. This multi-metal deposit includes gold, silver, and other metals, offering significant exploration potential. Historically, 23 core holes have been drilled at Gryphon, providing a solid foundation for further exploration efforts.
Reyna Silver Corp. is lev...

Lumina Gold CEO Marshall Koval joined Steve Darling from Proactive to provide an insightful update on the progress of the Feasibility Study for its Cangrejos gold-copper project in southwest Ecuador, in collaboration with Ausenco Engineering Canada and other key stakeholders.
According to Koval, the consulting team has been diligently conducting field operations at Cangrejos, meeting the necessary milestones to finalize the FS by Q2 2025. Notably, the plan entails increasing the initial processing plant throughput to 40,000 tonnes per day, compared to the previously planned 30,000 tonnes per day outlined in the 2023 Pre-feasibility Study. This adjustment aims to streamline construction efforts, facilitate future expansions, and expedite gold and copper production.
Furthermore...

Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to provide insight into the company's progress and future plans. Established in 2015 with a focus on battery metals like nickel, copper, and cobalt, Fathom Nickel aims to secure critical North American metal supplies essential for electric vehicle batteries and decarbonization efforts.
Operating two properties in northern Saskatchewan, namely Albert Lake and Gochager Lake, Fathom Nickel has been actively exploring these sites to uncover valuable mineral deposits. While Albert Lake served as the company's flagship project at its IPO, the acquisition of the Gochager Lake property in late 2022 marked a significant expansion of its portfolio.
Extensive drilling efforts at both sites have ...

Metalex Ventures Ltd. announces that it has granted an aggregate of 300,000 deferred share units to two independent directors at a deemed price of $0.05 per DSU. The DSUs were granted in consideration for services provided by the directors for the quarter ended April 30, 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on October 11, 2022. The DSUs vest one year from the date of grant, subject to certain exceptions, and each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or ac...

Midnight Sun Mining Director of Marketing and Communications Adrian O'Brien joined Steve Darling from Proactive to to announce the successful closure of a $10 million financing round, surpassing their initial target of $3.3 million due to high demand. This financing round follows their recent partnership with First Quantum and underscores their commitment to advancing two major projects.
The first project centers on a significant copper oxide target, with the potential for near-term cash flow. Their partnership with First Quantum aims to leverage resources and expertise to advance this project efficiently. Additionally, Midnight Sun is collaborating with KoBold Metals on the Dumbwa project, targeting significant sulfide targets in the southeast region of their property.
KoBol...

Property Includes Historical Gold Resource Delta Resources Ltd. is pleased announce that it has entered into an agreement with Golden Share Resources Corp. acquiring the exclusive rights to earn a 100% interest in the Band-Ore property . The Bandore property is located approximately two kilometres west of the Delta-1 Property which in turn lies 50 kilometres west of Thunder Bay, Ontario. The Property hosts two historic high-grade gold resources that are not considered National Instrument 43-101 compliant1. TABLE 1: Band-Ore Historical Resources To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8482/210255_73503d8af4cb5b05_001full.jpg The 10 km long property covers approximately 2,115 hectares and comprises 16 patent...

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Paris, 23 May 2024, 6:00 p.m. PRESS RELEASE Eramet: Successful issue of €500 million sustainability-linked bonds Eramet announces today the successful issue of sustainability-linked bonds in a principal amount of €500 million and with a 5.5-year maturity and an annual coupon of 6.5 per cent . The Bonds have been very well welcomed by a diversified base of institutional investors in France and abroad. The order book, more than 3 times subscribed, reflects the strength of the Group's fundamentals, its growth and its prospects. Eramet's new sustainability linked-bond is aligned with the new Sustainability-Linked Financing Framework which is available on the website of the Company1. The Bonds are linked to two sustainability performance targets which are: the reduction by 37 per cent...

5-Year Gold Exploration Farm-In on Innogy's Golden Eagle Project EcoGraf Ltd. is pleased to announce that it has signed a binding agreement with AngloGold Ashanti Holdings plc , a subsidiary of AngloGold Ashanti Plc to enter into a US$9.0m 5-year farm-in agreement for the exploration of gold at EcoGraf's wholly owned subsidiary Innogy Limited's Golden Eagle gold project in the Lake Victoria Goldfields of Tanzania . AngloGold is one of the world's largest gold miners and owner of Tanzania's largest gold mine, the 9.9Moz Geita gold mine.1 Key highlights of the project: The Golden Eagle Project has been the subject of detailed technical and corporate due diligence by AngloGold, commencing in May last year. The Golden Eagle Project is located in the Singida and Manyara regions of...

NioCorp Developments Ltd. is pleased to announce that it has engaged JPMorgan Chase Bank, N.A. to assist NioCorp in seeking debt financing supported by the Export-Import Bank of the U.S. to advance NioCorp's proposed Elk Creek Critical Minerals Project . NioCorp's application for project financing with EXIM made it through the first of EXIM's three Transaction Review Committee reviews in October 2023. In April 2024, EXIM provided NioCorp with a preliminary indicative term sheet for possible financing. While JPMorgan is assisting the Company to advance the sought financing to the next level in the EXIM approval process, no loan application is final until EXIM's Board of Directors give its final approval. "With J.P. Morgan's experience in helping to successfully craft financing...

Colibri Resource Corp. is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures has announced the results from five holes drilled in the ongoing Phase 4, RC drill program. Hole JES-24-79 was drilled in the North Hill Trend area and is reported to be the second-best gold intersection to date outside of the Main Zone. Colibri owns a 49% interest in the Pilar Gold & Silver Project. Highlights from Tocvan Pilar News Release - May 23rd, 2024: Drilling Intersects 42.7 meters of 1.0 g/t Au, 22.9 meters from Surface in Drillhole JES-24-79 Including 3.1 meters of 10.9 g/t Au, 38.1 meters from surface Second Best Intersect Outside of Main Zone to Date, 300 meters Northeast of Main Zone 300 meters west-northwest of Previously Released ...