Premier American Uranium Inc. is pleased to outline targets as part of its exploration growth plans at the Company's flagship Cebolleta Project located in the Grants Mineral Belt in New Mexico. Uranium mineralization at PUR's Cebolleta project are the northern extension of the Jackpile-Paguate trend of uranium deposits, which is one of the largest sandstone-hosted uranium endowments in the world.1,2 Collectively, the mines of the Laguna mining district produced more than 100 million pounds of U3O8 from the Jackpile-Paguate trend during the period from 1951 to 1983, as documented by geologists of the New Mexico Bureau of Geology and Mineral Resources and the US Department of Energy.2 The northern continuation of the Jackpile-Paguate trend of uranium deposits onto the southern ...

Globex Mining Enterprises Inc. is pleased to announce that the Toronto Stock Exchange has approved the renewal of Globex's normal course issuer bid . Under the renewed NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.78% of Globex's issued and outstanding shares as of July 19, 2024, over a twelve-month period starting on August 2, 2024 and ending on August 1, 2025. The purchases by Globex will be effected through the facilities of the TSX and on alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex had 56,294,836 common shares issued and outstanding as of July 19, 2024, of which 48,740,245 shares constituted the "public float". During ...

Patagonia Gold Corp. announces it has entered into an agreement with Cantomi Uruguay S.A. to increase the maximum aggregate amount of the Cantomi Loan . The original loan facility, which Cantomi provided in February 2019 for US$15 million was subsequently amended and further increased to US$33 million with a maturity date of December 31, 2025 . The agreement amending the Cantomi Loan provides that the maximum aggregate amount of the Cantomi Loan is increased to US$35 million. The funds from the increased Cantomi Loan will be used to refinance existing lines of credit to reduce interest costs and for general working capital purposes. Other than the amendment to increase the maximum amount of the Cantomi Loan, all other terms of the Cantomi Loan remain unchanged. About Patagoni...

Please view PDF version Lucara Diamond Corp. announces that it will be publishing its Second Quarter 2024 Results on Friday, August 9, 2024, after market close in North America. On behalf of the Board, William Lamb President and Chief Executive Officer Follow Lucara Diamond on Facebook, Instagram and LinkedIn ABOUT LUCARA Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company's operations and development activities. Clara Diamond Solutions Limited Partnership , a wholly-owned subsidiary of Lucara, has developed a secure, digital sales platform that uses proprietary analytics together with cloud and blockchain ...

Showcase Minerals Inc. announces that it has provided a termination notice to the sub-optionor of the Dixie Flats, North Star, and Woodruff properties with respect to the option covering those claims. The Company's decision is based on the results of its drill program on the Dixie Flats - North Star project, which failed to encounter significant gold mineralization similar to nearby deposits. The greatest gold assay in the Company's reverse circulation drill program was 0.254 grams per tonne gold over 6.1 metres. The thickest intercept was 25.9 metres of 0.252 grams per tonne gold. In comparison, production grades at the nearby Emigrant Mine, which is geologically similar to the Company's project, are at least 0.8 grams per tonne. The Company's consulting geologist has advise...

Rupert Resources Ltd. is pleased to announce that, in connection with its previously announced "bought deal" public financing, it has filed a final short form prospectus dated July 26, 2024 to qualify the distribution of 6,983,300 common shares of the Company at a price of $3.58 per Share and up to an additional 1,047,400 Shares at the Offering Price to be issued upon exercise of an over-allotment option, the particulars of which are further described in the Final Prospectus . Closing is expected on or about August 1, 2024, and is subject to regulatory approval, including that of the Toronto Stock Exchange. The Company will also offer in a concurrent private placement approximately 1,800,000 Shares on substantially the same terms as the Offering . Access to the Final Prospect...

East Africa Metals is pleased to announce the Company is currently working to develop a Memorandum of Understanding with JinJiu Hong Kong International Investment Ltd. for the development of the Magambazi mining project in Tanzania. In October 2020, the Company signed a Share Purchase Agreement and Gold Purchase Agreement an with a Tanzanian private company, PMM Mining Company Limited to develop the Magambazi mining project. In December 2022 due to PMM's lack of performance, non-compliance with the terms and conditions of the Mining License Agreement and a litany of breaches to PMM's agreements with the Company, the Tanzanian Ministry of Mines suspended PMM's operations at the project site and the renewal of the mining licenses. Since that time EAM's management has been engaged with the Ta...

Rome Resources Ltd. is pleased to announce the completion today of its previously announced plan of arrangement with Rome Resources Plc and Pathfinder's wholly-owned subsidiary 1475033 B.C. Ltd. under section 288 of the Business Corporations Act , resulting in Rome becoming a wholly-owned subsidiary of Pathfinder. Pursuant to the Arrangement, Subco and Rome amalgamated. Immediately following the amalgamation, the amalgamated company, 1475033 B.C. Ltd. changed its name to Rome Resources Ltd . Upon the amalgamation taking effect, Dr. Georg Schnura and Serge Nawej Tshitembu ceased to be directors of Amalco, with Mark Gasson becoming the initial sole director of Amalco. Amalco thanks Dr. Schnura and Mr. Tshitembu for their services to Rome. The Arrangement was approved at a speci...

Lion One Metals Ltd. , is pleased to announce that the Company has closed the fully-subscribed upsized brokered private placement financing previously announced on July 18, 2024 and July 19, 2024 by issuing 27,027,027 units of the Company at a price of C$0.37 per Unit for aggregate gross proceeds of C$10,000,000, pursuant to the listed issuer financing exemption available under National Instrument 45-106 - Prospectus Exemptions in each of the Provinces of Canada other than Quebec, pursuant to the terms of the agency agreement dated as of July 26, 2024, among the Company, Eight Capital, and Canaccord Genuity Corp. . Each Unit consists of one common share in the capital of the Company and one common share purchase warrant of the Company. Each Warrant shall be exercisable to acq...

Lithium Ionic Corp. is pleased to report the results of its Annual General and Special Meeting of shareholders held on July 26, 2024 . Over 56% of the issued and outstanding shares of the Company were represented in person or by proxy and were voted at the Meeting significantly in favour of all the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Management Information Circular dated June 13, 2024 . At the Meeting, Lithium Ionic shareholders approved the re-election of the eight director nominees, the re-appointment of Deloitte LLP as auditor of the Company, the Stock Option Plan and the RSU/DSU incentive plans. Details of these plans are included in the Circular, which is available under the Company's profile on SEDAR+ at w...

Energy Metals News Commentary Issued on behalf of Usha Resources Ltd. Despite recent setbacks in the price of copper , analysts at big banks and funds such as BMO, Citi, and Goldman Sachs believe that factors such as a recent Chinese smelter supply shortage and constrained mine supply will push the red metal's price back up. According to a report from Financial Times, the world's largest copper miners are predicting closer collaboration with their end users as copper shortages are set to flare up in the years ahead. A new study from the International Energy Forum, is already warning that the world needs 55% more copper mines to meet its EV transition goals. The mining sector is doing what it can to prepare for this surge in demand, with recent developments made b...

Endeavour Mining Plc announces that it received the following notification today, 26 July 2024 from Blackrock, Inc. of its interests in the Company as at 25 July 2024 TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BL6K5J42 Issuer Name ENDEAVOUR MINING PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name BlackRock, Inc. City of registered office Wilmington Country of registered office USA 4. Details of the shareholder Full name of shareholder if different from the person subject to the notification obligation, above City of registered office Country of registered office 5. Date on which the threshold was crossed or reached 25-Jul-2024...

First Phosphate Corp. CEO John Passalacqua Chief Geologist Gilles Laverdiere joined Steve Darling from Proactive to announce that all results from the drilling program at its Bégin-Lamarche project are now available. The 99-hole drill program, totaling 25,929 meters, has uncovered a significant high-quality igneous phosphate deposit. The drilling has shown continuous phosphate mineralization over a length of 2,400 meters, spread across three mineralized zones.
Laverdiere explained that a NI 43-101 resource estimate is currently underway and will be immediately followed by a Preliminary Economic Assessment. A total of 23 drill holes were completed in the Mountain Zone, totaling 5,023 meters. The Mountain Zone exhibits grades of more than 10% P2O5 over widths ranging from 7 met...