Malborne Claim Block Expanded Record Resources Inc. reports that it has acquired more uranium properties northeast of Thunder Bay, Ontario. Record Resources has entered into option agreements with two private exploration companies to explore for uranium on an additional 200 claims. The claims are contiguous or in close proximity to the company's 16,320 hectare Malborne block . "This is an acquisition of more highly prospective ground for uranium," said Record Resources CEO, Michael Judson. "We are further building on our land position in the area. The deals happen to be with some of the explorers with whom we are already working." The Black Sturgeon crustal fault system forms the western boundary of the company's claim package. "Our properties are located on a mineralized bel...

New Gold Inc. is pleased to announce the closing of its "bought deal" equity financing of 100,395,000 common shares, including 13,095,000 common shares issued upon the full exercise of the underwriters' over-allotment option. At a price of $1.72 per common share, the Company raised aggregate gross proceeds of $172,679,400 pursuant to the offering. The offering, announced on May 13, 2024, was conducted by a syndicate of underwriters led by CIBC Capital Markets and that included BMO Capital Markets, RBC Capital Markets, Scotiabank, National Bank Financial Markets, TD Securities, BofA Securities, Canaccord Genuity, Laurentian Bank Securities and Raymond James. The Company intends to use the net proceeds of the offering to fund a portion of the cash payment to complete the previo...

Further to press releases dated May 1 and May 14, 2024, Zonte Metals Inc. is pleased to announce that it has increased the size of its previously announced non-brokered private placement to 4,687,220 units including 1,705,000 common share units at a price of $0.08 per Common Share Unit and 2,982,220 flow through share units at a price of $0.09 per Flow-through Share Unit , for total proceeds of $404,800. Each Unit consists of one common share and one common share purchase warrant expiring May 3, 2026. The warrants accompanying the CS Units are exercisable at a price of $0.11 and the warrants accompanying the FT Units are exercisable at a price of $0.15. The transaction remains subject to TSX Venture Exchange approval and, following completion of the Offering, the Company will...

Barksdale Resources Corp. is pleased to announce that the United States Court of Appeals for the Ninth Circuit has affirmed the decision by the United States District Court for the District of Arizona denying the plaintiffs' motion for a preliminary injunction to prevent drilling at the Company's Sunnyside Project in Arizona. Rick Trotman, President and CEO of Barksdale, comments, "The Ninth Circuit's decision is great news for our company and reaffirms the robust and comprehensive process that was undertaken while permitting our drilling programs at Sunnyside. Our legal team has done a stellar job and will continue defending against the plaintiffs' challenge to the Sunnyside Project in the district court. Based on the current court-approved timeline, briefing on cross motion...

Arbor Metals Corp. announces that it has entered into an agreement , dated May 16, 2024, with Kemlee Lake Lithium Corp. , and the sole shareholder of KLL , pursuant to which it proposes to acquire all of the outstanding share capital of KLL. KLL is the holder of the Kemlee Lake Lithium Project situated in the heart of the Georgia Lake Lithium Camp, Thunder Bay Mining Division, Ontario. The Project is strategically located three kilometers east of Rock Tech Lithium Inc.'s Aumacho claim blocks and twelve kilometers south of the Georgia Lake Project. Rock Tech's recent announcement on March 4, 2024, revealed the selection of the Norampac Paper Mill site as the location for its lithium refinery, marking a significant milestone as the first of its kind in Ontario wit...

Northern Graphite Corp. is pleased to provide comment on the Biden Administration ruling to place a 25 percent tariff on natural graphite from China, starting in 2026, as it seeks to protect North America's nascent graphite industry. "This is an important move by the Biden Administration and the United States Trade Representative to support the North American graphite industry," said Northern Chief Executive Officer Hugues Jacquemin. "Of course, more needs to be done, and we look forward in coming weeks to discussions with the White House as an industry about what else can be done to ensure an independent domestic graphite supply chain." The ruling this week is designed to make local natural graphite companies more cost competitive with China and help drive North American sup...

VANCOUVER, BC, May 17, 2024 /CNW/ - Trading resumes in: Company: Usha Resources Ltd. TSX-Venture Symbol: USHA All Issues: Yes Resumption : 8:00 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...

Golconda Gold Ltd. is pleased to announce that it has commenced mining at, and delivered its first ore to the processing plant, from Princeton Top, a key step in its development plan to significantly increase production at its Galaxy Gold Mine. Princeton Top contains an Indicated resource of 912,846 tonnes at 3.04 grammes of gold per tonne containing 89,200 ounces of gold. The Company has used the funds received from the recently closed investment from Empress Royalty Holding Corp., a wholly-owned subsidiary of Empress Royalty Corp., to re-equip the 3.2km access ramp, install a new compressor, reinstate the historic ore pass to its existing Princeton operations on Level 17 and mobilised a mining fleet to recommence mining. Nick Brodie, CEO of Golconda Gold, stat...

Cautionary Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those...

Ecora Resources PLC announces that on 17 May 2024, it purchased 200,000 ordinary shares of 2p each in the Company on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 . The shares acquired will be held in treasury. Date of purchase: 17 May 2024 Aggregate number of ordinary shares purchased: 200,000 Lowest price paid per share : 86.00 Highest price paid per share : 86.25 Volume weighted average price paid per share : 86.13 Following the purchase, the Company will have 261,732,553 ordinary shares of 2p each in issue, of which 11,675,656 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 250,056,897. The above figure of 250,056,89...

Val-d'Or, Quebec-- - Val-d'Or Mining Corporation announces that further to its news release dated May 14, 2024, and subject to acceptance by the TSX Venture Exchange , it proposes issuing up to $430,000 in debenture units at an issue price of $10,000 per Debenture Unit. Each Debenture Unit shall consist of one convertible senior unsecured debenture with a principal amount of $10,000 and 70,000 detachable common share purchase warrants . Each Warrant will be exercisable for a period of 12 months from the closing of the offering, at an exercise price per Warrant of $0.07. The Debentures will have a term of 12 months from closing of the offering, subject to early redemption and will bear interest at the rate of 6%, accrued and compounded annually, which interest will be paid in cash or shares...

The Goldsource Board unanimously recommends that Securityholders vote FOR the Arrangement Resolution to Approve the Arrangement with Mako Mining Corp. Securityholders are encouraged to read the Special Meeting materials and vote well in advance of the proxy deadline of 10:00 a.m. on June 12, 2024. Securityholders who have questions or need assistance with voting their securities should contact Goldsource's proxy solicitation agent and shareholder communications advisor Laurel Hill Advisory Group by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com. Goldsource Mines Inc. announced today that it has filed and mailed the management information circular and related materials for the special meeting of shareholders and optionholders of the Company ...

, announces that it has granted an aggregate of 900,000 incentive stock options to two individuals, who are both directors and officers of the Company . Each Option is exercisable into one common share in the capital of the Company at an exercise price of $0.85 per Common Share and which expire five years following the date of grant. The Options are subject to a three-year vesting period with 300,000 options vesting on the first, second and third anniversary from the grant date. These Options were issued to replace 900,000 incentive stock options, exercisable at $0.30 per Common Share which expired on May 16, 2024 . The Optionees agreed to forego the exercise of the Expired Options due to the cash impact to both the Optionees and the Company of a cashless exercise of the Expired Options. ...