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. ...

Perpetua Resources Corp. today announced the results of its annual general meeting , which was held online through a virtual meeting platform on May 16, 2024. A total of 47,342,353 common shares were represented at the Annual Meeting, or 73.83% of the votes attached to all outstanding shares at the Company's record date of March 22, 2024. The Company's shareholders voted for the election of all director nominees listed in the Company's management information proxy circular. Detailed results of the vote for the election of directors are as follows: Name of Nominee Votes For Votes Withheld Total Votes* Percentage of Votes For* Percentage of Votes Withheld* Marcelo Kim 41,873,168 833,739 42,706,907 98.05 % 1.95 % Chris Robison 42,818,936 89,659 42,908,595 99.79 % 0.21 % Alex Ste...

Moon River Moly is pleased to announce that, further to its press release dated May 14, 2024, it has filed Articles of Amendment effective market open on May 17, 2024 to change its name to Moon River Moly Ltd. The Company's trading symbol will remain "MOO". The Company expects its shares will commence trading under the new name and CUSIP at market opening on Friday May 17, 2024. No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of the Company will not be affected by the name change and will not need to be exchanged. The Company encourages any shareholder with any questions or concerns to contact the Company or to discuss any of the foregoing with their broker or agent. A new CUSIP number has been obtained to replace the previous CUSIP number.

On May 15, 2024, SSR Mining Inc. filed an amendment to the Company's Proxy Statement dated April 12, 2024 for its Annual and Special Meeting of Shareholders to be held on May 23, 2024 . The purpose of the Amendment is to supplement and amend Proposal No. 3 of the Proxy Statement, specifically, to amend the definition of "Change of Control" included in Section 2.1 of the Company's 2024 Share Compensation Plan by deleting subclause of the definition based on the recommendation of certain proxy advisors following their review of the Plan presented in the Proxy Statement. Subclause of the definition of Change of Control permitted a majority of Incumbent Directors of the Company to determine that a Change of Control has occurred. None of the other agenda items presented in the Proxy...

ABIDJAN, Côte d'Ivoire, May 17, 2024 /CNW/ - Montage Gold Corp. announces that it will hold its Annual General and Special Meeting on Friday, June 7, 2024. The Notice of Meeting and Management Information Circular relating to the meeting has been mailed to shareholders and has been filed under the Company's profile at www.sedarplus.ca. The proposed slate of director nominees will consist of six individuals: Ron Hochstein, Richard P. Clark, Anu Dhir, David Field, Alessandro Bitelli and Martino De Ciccio. If elected, Ron Hochstein will be proposed as the Chair of the Board replacing Peter Mitchell who is not standing for re-election. In addition, Sasha Bukacheva and Hugh Stuart will not be standing for re-election as directors. With the successful transition of the previously a...

Metal Energy Corp. is pleased to announce that it has entered into an amendment agreement with Mistango River Resources ‎Inc. wherein the Company and Mistango agreed to amend a mining property ‎call option agreement dated October 28, 2022 ‎. The Call Option Agreement grants the Company the option to re-acquire a ‎‎15% interest ‎‎ in 19 mining claims in the Province of Manitoba . ‎ Pursuant to the Amending Agreement, the outside date in which the Company may exercise ‎the call option to acquire the Interest from Mistango shall be extended from April 30, 2024 ‎to April 30, 2026. As consideration for the extension, the Company shall grant Mistango a ‎total of 1,000,000 common shares in the capital of the Company , at a ‎deemed pric...

Calibre Mining Corp. announces that Mr. Douglas Hurst and Mr. Raymond Threlkeld will not stand for re-election to the Company's board of directors during the June 12, 2024 annual general meeting . Mr. Hurst has served on the Board since 2016 as a member of the Audit and the Governance Committees. Mr. Threlkeld has served on the Board since 2018 and was a member of the Compensation, Governance and Safety, Health, Environment, Sustainability and Technical Committees. Calibre is pleased to announce that Ms. Omaya Elguindi will be nominated for election at the Meeting as a new member of the Board. The Company also announces the resignation of Mr. David Splett, Senior Vice President and Chief Financial Officer, effective July 31, 2024. New Board Nominee, Ms. Omaya Elguindi The Com...

SouthGobi Resources Ltd. announces an update on its upcoming annual general meeting of shareholders which is scheduled to be convened on June 27, 2024, in Vancouver, British Columbia, Canada . A notice of the Annual General Meeting which contains, amongst other things, the time, venue and the detailed agenda of the Annual General Meeting, along with a management proxy circular concerning certain matters to be considered at the Annual General Meeting, will be dispatched to Shareholders on May 28, 2024 . Reference is made to the announcements of the Company dated November 11, 2022, August 30, 2023, October 13, 2023, November 17, 2023, January 19, 2024, March 19, 2024, April 22, 2024, April 30, 2024 and May 13, 2024 . Unless otherwise specified, terms used in this announcement s...

Empire Metals Ltd. managing director Shaun Bunn discusses the results from the final 22 reverse circulation holes at the company's Pitfield project in Western Australia with Proactive's Stephen Gunnion.
The drilling campaign targeted two key areas, the Cosgrove and Thomas prospects, each spanning approximately 25 km². Bunn highlighted that every hole intercepted high-grade titanium from surface to depth, indicating the presence of a highly weathered cap with up to 15% higher grade at the surface.
Additionally, Bunn mentioned the completion of four diamond drill holes with excellent core recovery, pending analytical results. These core samples are critical for mapping geological structures and obtaining metallurgical and mineralogical data. The drilling program comprised 107 h...

Caledonia Mining Corporation plc chief executive Mark Learmonth takes Proactive's Stephen Gunnion through the company's first-quarter performance.
Caledonia increased gold production from over 16,000 ounces in the same period in 2023, to 17,500 ounces. This boost in production, coupled with a favourable gold price, resulted in gross profit rising from under $6 million to nearly $14 million. However, despite a reported net profit of $2.1 million, this figure included a substantial foreign exchange loss, specifically due to the devaluation of the Zimbabwean dollar. Adjusted for this loss, the earnings per share shifted from a loss of $0.29 in Q1 of 2023 to a profit of $0.27 in Q1 of 2024.
Learmonth also addressed issues from the previous year, notably the Bilboes project, which h...

Cornish Metals Inc. notes the recent decline in its share price and confirms it is unaware of any operational or corporate reason for the price movement. On April 30, 2024 the Company reported a positive independent Preliminary Economic Assessment for its 100% owned South Crofty tin project located in Cornwall, United Kingdom. The PEA validates South Crofty's economic viability, producing a base case after-tax Net Present Value of US$201 million and Internal Rate of Return of 29.8%, and confirms the Project's potential to be a low-cost and long-life tin mining operation with a current 14-year life of mine . A recording of management's May 1, 2024 detailed presentation of the PEA can be found on the Cornish Metals website or by following this link. A technical repo...

Usha Resources Ltd. , a North American lithium exploration company, is pleased to announce that it has entered into a Letter of Intent with Stardust Power, Inc. dated March 15, 2024 granting Stardust Power the right to earn up to a 90% interest subject to a 2% Net Smelter Royalty in Usha's Jackpot Lake Lithium Brine Project . If the parties enter into definitive agreements covering the transaction, depending on the earn-in level, the total consideration could total up to US$26,025,000 over five years inclusive of payments comprising US$1,525,000 cash, US$750,000 stock, US$15,750,000 stock or cash at Stardust Power's election, and a work commitment of . Upon completion of the full earn-in including NSR buyback, Usha would retain 10% of the Project and a 2% NSR and would be car...