Steppe Gold Ltd. is pleased to announce its financial results for the quarter ended March 31, 2024. HIGHLIGHTS First Quarter Highlights Revenue for the three months ended March 31, 2024 amounted to $7,971 on sales of 3,723 gold ounces and 19,506 silver ounces, respectively. Average realized prices for the three months ended March 31, 2024 were $2,043 per gold ounce and $19 per silver ounce, respectively. Operating profit from mine operations before depreciation and depletion for the three months ended March 31, 2024 was $4,324. Adjusted EBITDA after payments made pursuant to the metals purchase and sale agreement with Triple Flag Finance Bermuda Ltd. for the three months ended March 31, 2024 was negative $309. Site All in Sustaining Cost was $945 per ounce sold for the quarte...

SolGold is pleased to announce the release of the Company's financial results for the third quarter ended 31 March 2024. The full financial report is available here: http://www.rns-pdf.londonstockexchange.com/rns/6938O_1-2024-5-16.pdf Furthermore, the Company advises that the Company's website also contains access to additional information required to be filed on SEDAR+ in Canada in connection with the Company's quarterly financial period ended 31 March 2024. The Management Discussion and Analysis report is available here: http://www.rns-pdf.londonstockexchange.com/rns/6938O_2-2024-5-16.pdf Highlights of the Period Include: Completion of the updated Cascabel Pre-Feasibility Study : The updated PFS incorporates a phased approach plan, significantly reducing initial capital costs. Key figure...

GFM Resources Ltd. is pleased to the results of its annual general meeting of shareholders, celebrated on May 14, 2024 . The following directors were elected at the AGM: James Robertson, Pedro Rivero González, Esteban Rivero González, and Roberto Rivero Larrea. Davidson & Company LLP, Chartered Professional Accountants, were ratified as auditors of the Corporation for the ensuing year. The shareholders of the Corporation also ratified the continuation of the rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the Plan. Following the AGM, the board made the following officer appointments: Mr. Pedro Rivero González as Chairman and Chief Executive Officer, Mr. Roberto Rivero Larrea as President, and Mr. S...

COMPANY'S SHARES As announced on 15 April 2024, Horizonte Minerals Plc has been unable to secure interest in the full financing needed to complete its 100% owned Araguaia Nickel Project . After a period of discussions with secured creditors, and existing and new potential investors on alternative scenarios with a view to a potential restructuring solution to attempt to achieve the best possible recovery for the Company's creditors while minimising potential liabilities, the Board has now regrettably concluded that Horizonte should be placed into administration in order to seek to preserve the value of the business for creditors and other stakeholders. Accordingly, the Board has resolved to appoint Geoff Rowley and Chad Griffin of FRP Advisory as administrators and is in the p...

US Copper Corp. is pleased to announce results from the 15-hole shallow drill program last fall on its Moonlight deposit at the Moonlight-Superior Copper Project in North-East California. Highlights Mineralized drill hole intercepts were submitted for sequential copper assays, and acid soluble copper was identified in 14 of 15 holes, including one intercept of 205 feet of 0.644% recoverable copper; Results confirmed a small oxide cap covers the large Moonlight sulfide deposit. This cap had been considered waste rock by previous operators; Soluble copper averaged 91% of total copper; and Acid soluble copper greater than 0.2% occurs over an area of 2,000 ft by 1500 ft to an average depth of greater than 150 ft. These results are now being reviewed by an independent engineering ...

Discovery Silver Corp. today announced the results of voting at its Annual General Meeting held today. Shareholders voted in favour of the election of all director nominees: Murray John ; Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; Jennifer Wagner; and Barry Olson. Details of the votes are set out below: Nominee Votes For % For Votes Withheld % Withheld Murray John 189,120,043 99.21 1,504,559 0.79 Tony Makuch 187,908,112 98.57 2,716,490 1.43 Jeff Parr 189,170,054 99.24 1,454,548 0.76 Moira Smith 189,201,624 99.25 1,422,978 0.75 Daniel Vickerman 189,170,711 99.24 1,453,891 0.76 Jennifer Wagner 166,845,268 87.53 23,779,334 12.47 Barry Olson 188,802,948 99.04 1,821,654 0.96 Shareholders also voted in favour of appointing PricewaterhouseCoopers LLP, Chartered Accountan...

Aztec Minerals announces that, subject to the approval of the TSXV, it will extend the expiry date of certain outstanding share purchase warrants of the Company. A total of 11,388,089 share purchase warrants were originally issued by the Company pursuant to the closing of a private placement on June 6, 2022. As issued, each Warrant entitles the holder to purchase one common share of the Company at a price of $0.40 per share until June 6, 2024. None of the Warrants have been exercised to date. The Company is seeking the approval of the Exchange to extend the expiry date of the Warrants to December 6, 2025. All other terms and conditions of the Warrants will remain the same. About Aztec Minerals - Aztec is a mineral exploration company focused on two emer...

Excellon Resources Inc. is pleased to announce that, further to the Company's news releases dated April 4, 2024 and April 15, 2024, it has closed the final tranches of its previously announced non-brokered private placement offering of units of the Company , pursuant to which the Company sold an additional 3,414,555 Units at a price of $0.18 per Unit for additional aggregate gross proceeds to the Company of approximately $614,620. Under the Offering, the Company sold a total of 7,356,632 Units at a price of $0.18 per Unit for aggregate gross proceeds to the Company of approximately $1,324,194. Each Unit was comprised of one common share in the capital of the Company and one common share purchase warrant of the Company . Each Warrant entitles the holder thereof to acquire one C...

VANCOUVER, BC, May 15, 2024 /CNW/ - May 16, 2025 - Sydney, Australia Highlights Continued strong lithium mineralization over wide intervals from infill drilling at CV5. 122.5 m at 1.42% Li2O, including 35.8 m at 2.15% Li2O . 71.4 m at 1.57% Li2O, including 14.2 m at 3.15% Li2O . 68.7 m at 1.56% Li2O and 22.5 m at 1.04% Li2O . 74.9 m at 1.28% Li2O, including 28.1 m at 2.28% Li2O . 53.0 m at 1.22% Li2O, including 25.0 m at 1.65% Li2O . The focus of the 2024 winter drilling at CV5 was to support an upgrade in mineral resource confidence, from the inferred category to the indicated category, targeting release in Q3 2024 inclusive of a maiden CV13 resource. Multiple holes remain to be reported targeting the newly discovered high-grade zone at CV13, with the Company to report the assay results a...

Argonaut Gold Inc. today reported financial and operating results for the first quarter ended March 31, 2024. All dollar amounts are expressed in United States dollars, unless otherwise specified . During the quarter, Argonaut entered into a definitive agreement whereby Alamos Gold Inc. will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement . As part of the Transaction, Alamos will acquire Argonaut's Magino mine and in which Argonaut's assets in the United States and Mexico will be spun out to its existing shareholders within a newly created junior gold producer . "At our flagship Magino Mine, ramp up of mining and milling activities during the first quarter of the year proceeded at a slower rate than planned. Mining...

Orestone Mining Corp. is pleased to announce the completion of its non-brokered private placement announced April 11, 2024 whereby the Company issued a total of 5,000,000 common shares at a price of $0.03 per Share for gross proceeds of $150,000 . The proceeds of the Offering will be used for payment of certain expenses, consisting of $45,000 payable to DeVisser Gray LLP for audit and tax related services; $25,000 payable to Pacific Opportunity Capital, a non-arm's length party, for office rent and accounting services, with the balance of the proceeds to be used for general working capital purposes. The Shares issued under the Offering are subject to a hold period that expires on September 16, 2024. Finders' fees amounting to $5,130 were paid in connection with the Offering. ...

MONTRÉAL, May 15, 2024 /CNW/ - - Champion Iron Ltd. announces that it will be hosting a conference call and webcast on May 31, 2024, at 9:00 AM / May 31, 2024, at 11:00 PM with its senior management, during which they will review the Company's 2024 fourth quarter and financial year operational and financial results. Champion's financial statements and management's discussion and analysis for the fourth quarter and financial year ended March 31, 2024, will be released prior to the conference call and webcast, and will be available in the "Financial & Regulatory Reports" section of the Company's website at www.championiron.com, under the Company's profile on SEDAR+ at www.sedarplus.ca and on the ASX at www.asx.com.au. A live audio webcast of the conference call will be accessib...

Canadian Critical Minerals Inc. has closed a financing, consisting of 2,008,648 units priced at $0.05 per Unit for proceeds of $100,432 . Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.08 per share for a period of 24 months from the Offering. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. Proceeds from the financing will be used for exploration and development activities at the Bull River Mine project near Cranbrook, B.C. About Canadian Critical Minerals Inc. CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project near...