Discovery Silver Corp. today announced financial results for the three months ended March 31, 2024 . The Company also provided a summary of key events since the beginning of 2024, including the release on February 20, 2024, of the feasibility study results for Discovery's 100%-owned Cordero silver project in Chihuahua State, Mexico. All figures are stated in Canadian dollars unless otherwise noted. Tony Makuch, CEO, commented: "During Q1 2024, we achieved a major milestone with the release of the Feasibility Study for our Cordero Project. The Study results clearly establish Cordero as one of the world's largest silver development projects both in terms of reserves and estimated production. The Project will average 37 million silver equivalent 1 ounces annually over the first ...

Carlyle Commodities Corp. is pleased to announce that, further to its news release dated May 6, 2024, it has closed the first tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $120,000 through the issuance of 2,400,000 units of the Company at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company and one Share purchase warrant , with each Warrant entitling the holder thereof to purchase one additional Share at a price of $0.10 per Warrant Share for a period of thirty-six months following the date of issuance. The aggregate proceeds of the First Tranche are anticipated to be used for advancement of the Company's flagship Newton Project in British Columbia, and general working capital. Fee...

Sixty North Gold Mining Ltd. . Sixty North Gold is pleased to announce that it has purchased the tent camp and is acquiring other light equipment and supplies needed for the restart of mining operations. Mining crews have been engaged and are expected to be on site around the end of May 2024, once camp setup is complete. Dave Webb, President & CEO states, "We are very pleased to be moving crews into the property and driving our re-development of this very high-grade past producing gold mine. The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better, and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold ." Sixty North Gold further announces that it has arranged debt settlements with certain officers and a director o...

Imperial Metals Corp. announces the Toronto Stock Exchange has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid to be transacted through the facilities of the TSX or alternative Canadian trading systems. Pursuant to the Bid, the Company may purchase up to 809,357 common shares, which represents 0.5% of the total 161,871,341 common shares of the Company issued and outstanding as of May 14, 2024. Purchases will be made, at the discretion of the Company, at prevailing market prices, commencing May 17, 2024 and ending no later than May 16, 2025. Pursuant to TSX policies, daily purchases made by the Company will not exceed 11,694 common shares or 25% of the Company's average daily trading volume of 46,777 common shares on the TSX, subject to certain pr...

Sulliden Mining Capital Inc. is pleased to announce that Scott Moore has been appointed as the president and chief executive officer and a director of the Company, effective immediately. Mr. Moore is a business executive with over 30 years of experience in the resource and durable goods sectors. He is the CEO of O2Gold Inc. and the former CEO of Euro Sun Mining Inc., President and CEO of Dacha Strategic Metals, and Executive Vice President of Sulliden Mining Capital Inc. Mr. Moore holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management. The appointment of Mr. Moore follows the resignation of Rennie Morkel as the president and chief executive officer and a director of the Company, effective immediately. The ...

Ionic Rare Earths Ltd. is pleased to advise an updated Mineral Resource Estimate at its 60 per cent owned Makuutu Heavy Rare Earths Project in Uganda. The Company is progressing the development at the Makuutu Project through local Ugandan operating entity Rwenzori Rare Metals Limited . IonicRE has signed a conditional share purchase agreement to acquire an additional 34% interest in RRM and the strategic Makuutu Rare Earths Project, taking its ownership to 94% on completion. During the March quarter, IonicRE shareholders approved the transaction terms and pending completion of conditions precedent, the transaction is expected to be completed in H2 2024. The MRE has been updated with results from the 2023 Phase 5 infill and extension drilling results which targeted MRE areas A...

Star Diamond reports that the unaudited financial results for the quarter ended March 31, 2024, will be filed today on SEDAR+. Overview Star Diamond is a Canadian natural resource company focused on exploring and developing Saskatchewan's diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project which includes the Star - Orion South Diamond Project located in central Saskatchewan, Canada. These properties are in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. The Company also holds a 50% interest in the exploration and evaluation pr...

Silver Elephant Mining Corp. is pleased to announce that all resolutions put forward at the Annual General Meeting of the Company's shareholders held May 10, 2024, as described in the Company's information circular dated March 27, 2024 , were approved. A summary of the results are set out below: Number of Directions: set the number of directors at four . Election of Directors: the nominees listed in the Circular the Meeting were all elected as Directors until the next annual general meeting of the Shareholders. Detailed results of the vote are set out below: Votes For % For Withheld / Abstain % Withheld / Abstain John Lee 1,942,379 91.27% 185,833 8.73% Greg Hall 1,969,734 92.55% 158,478 7.45% Douglas Flett 1,970,483 92.59% 157,729 7.41% Nigel Lees 1,968,894 92.51% 159,318 7.4...

Almonty Industries Inc. today announced the filing of its unaudited condensed interim consolidated financial statements and its management's discussion & analysis for the three months ended March 31, 2024. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the three months ended March 31, 2024 and 2023: Three months ended Three months ended 31-Mar-24 31-Mar-23 $'000 $'000 Gross Revenue 7,824 7,097 Mine production costs 6,665 5,728 Care and maintenance 263 255 Depreciation and amortization 290 250 Loss from mining operations 606 864 General and administrative costs 1,475 1,689 Non-cash compensation costs 392 102 Loss before the under noted items Interest expense 1,423 967...

PYX Resources Ltd. , the world's third largest publicly listed zircon producer by zircon resources, is pleased to announce that its first shipment of monazite rich zircon concentrate totalling 750t has been exported to a customer in Hainan, China. Monazite is a constituent of mineral sands and holds particular significance due to the 17 Rare Earth Elements , cerium , praseodymium , neodymium , promethium , samarium , europium , gadolinium , terbium , dysprosium , holmium , erbium , thulium , ytterbium , lutetium , scandium , and yttrium ) that it contains, which are pivotal in various advanced technologies including electronics, renewable energy systems, and specialised alloys. These REEs include cerium and neodymium, which are vital components in catalytic converters for car...

Aris Mining Corp. announces its full financial and operating results for the three months ended March 31, 2024 . Aris Mining previously released Q1 2024 production results and announced that it is on track to deliver full-year 2024 guidance while its expansion projects advance in a news release dated April 15, 2024. All amounts are in US dollars unless otherwise indicated. Q1 2024 Gold production 50,768 ounces Segovia Operations All-in Sustaining Cost per Ounce Sold 1 $1,434 EBITDA1 $22.4M Adjusted EBITDA1 $28.4M Net earnings $M or $/share Adjusted earnings1 $5.4M or $0.04/share Number of common shares outstanding May 14, 2024 152.2M Aris Mining CEO Neil Woodyer stated: "During Q1, our high-grade Segovia Operations produced 44,909 ounces of gold at a processed grade of 9.42 g...

Orla Mining Ltd. today announces the results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights First quarter gold production was 33,223 ounces and gold sold was 32,046 ounces . All-in sustaining costs 1 was $909 per ounce of gold sold during the first quarter 2024. Adjusted earnings1 for the first quarter were $16.8 million or $0.05 per share. Net income for the first quarter was $17.5 million or $0.06 per share. Cash flow from operating activities before changes in non-cash working capital during the first quarter was $21.7 million. Exploration and project expenditure was $8.6 million during the quarter, of which $3.9 million was capitalized and $4.7 million was expensed. As at March 31, 2024, Orla's cash balance was $118.1 million and net cash1 was $...

Canadian Critical Minerals Inc. is pleased to report that it has received additional revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine project near Cranbrook, BC. During the month of April 2024, the Company trucked 362 wet metric tonnes of mineralized material to New Afton and the Company received a provisional payment of approximately US$72,445 for the April shipments. The mineralized material sent to New Afton graded 2.96% Cu, 0.62 g/t Au and 23.1 g/t Ag. The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement . Road restr...