Almonty Industries Inc. is pleased to announce that in conjunction with its March 2024 Placement, the Company has closed a fourth tranche through the sale of the previously-announced firm commitment of 3,000,000 Placement Chess Depository Interests Units at A$0.62 per unit and is scheduled to close on an additional 1,090,909 common share units at Cdn$0.55 per unit on May 23, 2024. In addition, the Company has received firm commitments to raise further gross proceeds of A$1,194,500.06 pursuant to the issuance of 1,926,613 CDIs at A$0.62 per CDI Unit. This represents the final tranche of the March 2024 placement which is now closed. Settlement of this final tranche is expected to occur on or around Monday 27 May 2024 with allotment on or around Tuesday 28 May 2024. Each CDI par...

Report shines a spotlight on continued excellence in ESG performance and disclosure Torex Gold Resources Inc. today released its 2023 Responsible Gold Mining Report titled At the Heart of Who we Are, the Company's ninth annual disclosure of its Environmental, Social and Governance performance. The Report can be found on the Company's website at www.torexgold.com. Jody Kuzenko, President & CEO of Torex, stated: "One of the key strategic pillars of our Company is to build on ESG excellence and our 2023 Responsible Gold Mining Report demonstrates our progress in this regard. While the quantitative metrics showcase our positive performance, it is the many stories within the pages that demonstrate how our purpose statement truly comes to life: 'To transform finite mineral resource...

Quest Critical Metals Inc. announces that it will not be proceeding with the proposed best efforts private placement offering, or the proposed concurrent non-brokered private placement, which were previously announced on May 1, 2024. Quest Critical Metals Inc. James Newall, President and CEO T: 639-4472 Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210032...

Solaris Resources Inc. is pleased to announce that it has entered into an agreement with National Bank Financial Markets, RBC Capital Markets, and BMO Capital Markets as bookrunners, on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 7,150,000 common shares of the Company at a price of $4.90 per Common Share , for aggregate gross proceeds of approximately $35,035,000 million . The Company has also granted the Underwriters an option to purchase up to an additional 1,072,500 Common Shares, representing 15% of the size of the Offering , on the same terms and conditions, exercisable in whole or in part, up to 30 days after the closing of the Offering. If the Over-Allotment Option is exercised in full, the...

Omai Gold Mines is pleased to announce that a National Instrument 43-101 Technical Report dated May 21, 2024 has been filed on the SEDAR+ website in support of the Preliminary Economic Assessment announced April 4, 2024 for the Wenot Deposit on its Omai Gold Project. The Report was prepared under the supervision of Eugene Puritch, P.Eng., FEC, CET of P&E Mining Consultants Inc., who is independent of the Company and a Qualified Person in accordance with NI 43-101. Elaine Ellingham, President and CEO comments: "This Preliminary Economic Assessment has been a major milestone for our Company. It provides a baseline production scenario that shows the potential for robust economic development for Omai to once again become a large-scale gold pr...

A total of 270,432,207 or 80.87% of the Company's issued and outstanding shares were represented at the Meeting All four proposals to shareholders were approved, including the election of all ten director nominees During the 2024 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 84.28% of the Company's issued and outstanding common shares entitled to vote VANCOUVER, British Columbia, May 21, 2024 -- NovaGold Resources Inc. is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 16, 2024 . All proposals were approved and all ten director nominees were elected. A total of 270,432,207or 80.87% of the Company's issued and outstanding shares were represented at t...

Prospector Metals Corp. is pleased to announce that it has closed its previously announced non-brokered private placements consisting of charity flow-through units offered at a price of $0.21 per Charity FT Unit for gross proceeds to the company of $750,000 . Each Charity FT Unit consists of one flow-through common share and one half of one non-flow-through common share purchase warrant . Each Warrant will be exercisable at a price of $0.30 into one common share for a period of one year from the date of issuance. Prospector intends to use the gross proceeds of the Offering for preliminary assessment work and prospecting of the ML Property in Yukon Territory. The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary appro...

Cameco announced today that it has priced a private placement of senior unsecured debentures consisting of $500 million principal amount of 4.94% Senior Unsecured Debentures, Series I maturing on May 24, 2031 . The closing of the Offering is expected to take place on May 24, 2024. Cameco intends to use the net proceeds of the Offering to retire all of its outstanding 4.19% Senior Unsecured Debentures, Series G at or prior to the maturity date of June 24, 2024 . "Consistent with the conservative financial management we have demonstrated, our capital allocation decisions are focused on maintaining the financial flexibility to execute on our strategy," said Grant Isaac, Cameco's Executive Vice-President and CFO. "In a market where we believe the demand f...

TORONTO, May 21, 2024 /CNW/ - The following issues have been halted by CIRO: Company: IAMGold Corp. TSX Symbol: IMG All Issues: Yes Reason: Pending News Halt Time : 4:11 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 abou...

Atico Mining Corp. today announced its financial results for the three months ended March 31, 2024, posting income from mining operations of $2.8 million and a net loss of $0.4 million. Production for the period at Atico's El Roble mine totaled 3.3 million pounds of copper and 2,185 ounces of gold in concentrate at a cash cost of $2.57 per payable pound of copper. Fernando E. Ganoza, CEO and Director, commented, "the operational and financial results for this quarter were in line with Company expectations. We are already into development of the newly discovered reserves and have been making additional investments in preparation for ore extraction from these areas." Mr. Ganoza continued, "for the remainder of the year, we should start to see an improvement in our operating cos...

IAMGold Corp. today announced that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets pursuant to which they have agreed to purchase, on a bought deal basis, 72,000,000 common shares of the Company at a price of US$4.17 per common share , for aggregate gross proceeds to the Company of approximately US$300 million . The underwriters will also have the option, exercisable in whole or in part, at any time up to 30 days following the closing of the Offering, to purchase up to an additional 10,800,000 common shares at the Offering Price to cover over-allotments, if any. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to the Company...

Hudbay Minerals Inc. announced today that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets as Joint Bookrunners , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis from the Company, a total of 31,600,000 common shares of Hudbay at a price of US$9.50 per Common Share for aggregate gross proceeds of US$300,200,000 . Hudbay has also granted the Underwriters an over-allotment option to purchase, on the same terms and conditions of the Offering, up to an additional 15% of the Common Shares issued in connection with the Offering. The Over-Allotment Option is exercisable, in whole or in part, by the Underwriters at any time until and including 30 days after closing of the Offering. Th...

PYX Resources Ltd. , the world's third largest publicly listed zircon producer by zircon resources, has connected its Mandiri Mineral Separation Plant to the local electric grid of Central Kalimantan, Indonesia. PYX Resources' Chairman and Chief Executive Officer, Oliver B. Hasler, said: "We are very happy with the continuous progress made at Mandiri's MSP and appreciate the help received by the local authorities, and in particular the State Electricity Company in Palangkaraya. Anyone running a mining operation will understand the importance of having access to continuous reliable power, provided by the connectivity to a grid. Although the generators we have been using on site have enabled us to progress operations so far, they were fuel and maintenance intensive and represen...