Highrock Resources Ltd. is pleased to announce it intends to complete a non-brokered private placement financing for gross proceeds of up to $500,000 through the issuance of up to 10,000,000 units in the capital of the Company at a price of $0.05 per Unit . Each Unit shall be comprised of one common share in the capital of the Company and one whole Common Share purchase warrant . Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.075 per Common Share until the date that is two years from the date of issuance. Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadi...

All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, bitumen realization net of transportation and storage expense, operating expenses net of power revenue, energy operating costs net of power revenue, non-energy operating costs, energy operating costs, adjusted funds flow, free cash flow and net debt. MEG Energy Corp. reported its second quarter 2024 operational and financial results. The Board of Directors also declared a quarterly cash dividend of $0.10 per share payable on October 15, 2024 to shareholders of record at the close of business on Septemb...

Eldorado Gold Corp. today reports the Company's financial and operational results for the second quarter of 2024. For further information, please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at www.sedarplus.com under the Company's profile. Second Quarter 2024 Highlights Operations Gold production: 122,319 ounces in line with expectations for the quarter. Production increased 12% from Q2 2023, reflecting increased gold production of 22% at Lamaque and 14% at Kisladag. Production was slightly offset by lower production at Olympias as a result of intermittent work stoppages during ongoing negotiations for a new Collective Bargaining Agreement . Gold sales: 121,226 ounces at an average realized gold price per ounce so...

MONTRÉAL - Scandium Canada Ltd. announces the completion of a second tranche of its previously announced non-brokered private placement of flow-through shares, for additional gross proceeds of $473,000 . The second tranche of the Offering consisted of the issuance of 9,460,000 units of the Corporation at a price of $0.05 per Unit. Each Unit consists of one common share of the Corporation that qualifies as "flow-through share" pursuant to subsection 66 of the Income Tax Act , and one-half Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 24 months from the date of issuance thereof. If during a period of ten consecutive trading days between the date that is ...

Prosper Gold Corp. announces that it has closed a private placement of 3,875,000 flow-through units at a price of $0.12 per FT Unit for aggregate gross proceeds to the Company of $465,000 . Each Unit consists of one common share of the Company that qualify as "flow through shares" for purposes of the Income Tax Act and one-half of one common share purchase warrant . Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.20 for a period of 24 months following the closing date . The Company paid an aggregate of $6,972 in cash and issued an aggregate of 58,100 common share purchase warrants to finders in connection with closing the Financing. Each Broker Warrant is non-transferable and exercisable for one Common Share at the Exerci...

Nova Minerals Ltd. , ), a gold and critical minerals exploration stage company focused on advancing the Estelle Gold Project in Alaska, U.S.A., today announced the closing of its underwritten public offering of 475,000 units, with each unit consisting of one American Depositary Share representing ordinary shares and one warrant, with an ADS-to-ordinary-share ratio of 1 to 60, at a price to the public of $6.92 per unit, for gross proceeds of approximately $3,287,000, before deducting underwriting discounts and offering expenses. Each whole warrant is exercisable for one ADS at an exercise price of $7.266 per ADS, and will be immediately exercisable upon issuance for a period of five years following the date of issuance. In addition, Nova has granted the underwriters an option ...

VanadiumCorp Resource Inc. announces a corporate restructuring initiative to best position the Company to meet immediate and future business opportunities. The new management team at VanadiumCorp that was put in place at the Annual General and Special Meeting of Shareholders held on 2 July 2024 has completed its expedited review of the current strategy, operational results and financial condition of the Company. The results of this review are as follows: 1. Strategy: The Company affirms that its dual-track strategy of: a) producing and selling vanadium electrolyte to manufacturers of vanadium flow batteries ; while b) advancing the Company's vanadium-titanium-iron mineral resources in Québec as the best path forward to enhancing shareholder value at the Company. The in...

Osino Resources Corp. is pleased to provide an update on the expected conclusion of the regulatory process for the previously announced plan of arrangement. Communications between Osino and the Namibian Competition Commission continue to progress positively as the NCC considers the application of the previously announced statutory plan of arrangement under the Business Corporations Act , pursuant to which Shanjin International Gold Co., Ltd. will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share . After receiving the third of three Chinese regulatory approvals on May 28, 2024, competition law clearance from the NCC remains the only outstanding approval to conclude the Arrangement, which clearance is expected to be rece...

Auxico Resources Canada Inc. announces the resignation of Kenneth "Buzz" West from the Board of Directors of Auxico, effective immediately. Mr. West will be accepting a new position shortly as Chair of a fund based in the United Kingdom, where he resides. Given the significant demands and responsibilities associated with this new position, he will not have the necessary time to devote to Auxico as a director. Consequently, he is resigning from his position on the Board. "It has been a pleasure having Buzz as a director of Auxico over the past several years. He has been very active in helping set the strategy of the Company, as well as serving on the Audit Committee. His comments and suggestions to the management of the Company have been insightful and constructive. While he w...

Silver Elephant Mining Corp. announces that, further to its news release dated July 11, 2024, it has closed the first tranche of its non-brokered private placement offering raising gross proceeds of $1,111,584 through the issuance of 2,315,800 units at a price of $0.48 per Unit. Each Unit consists of one common share of the Company and one share purchase warrant with each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.70 per share for a period of three years from issuance. In connection with a portion of the closing of the first tranche, 159,978 Units were issued as a finder's fee to Canaccord Genuity Corp. and Glores Securities Inc. . Proceeds of the Private Placement are expected to be used to commission phase one sulphi...

Flying Nickel Mining Corp. is pleased to announce that shareholders of the Company have overwhelmingly approved the previously announced arrangement involving the Company and Nevada Vanadium Mining Corp. at the Company's annual general and special meeting held on July 23, 2024. The special resolution approving the Arrangement was required to be approved by a majority of votes cast by Shareholders present virtually or represented by proxy at the Meeting excluding Shareholders described in items through of Section 8.1 of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions . A total of 69,279,808 common shares of the Company , representing approximately 78.67% of votes entitled to be cast at the Meeting, were represented in person and...

Almadex Minerals Ltd. is pleased to announce that diamond drilling has commenced at the Company's Paradise project in Nevada, USA. The current drill program has been designed to test lithocap targets for potential underlying copper-gold porphyry mineralisation. As described in its news release of February 27th, 2024, Almadex defined a porphyry copper-gold target at Paradise through mapping and soil geochemistry. The company has now completed the first hole and has started a second. Morgan J Poliquin, President, CEO and a Director of the Company commented, "Testing the lithocap target at Paradise is a milestone for the Company. We hope this initial program will provide a much better understanding of this system and a vector to a porphyry centre within the large area of lithoca...

North Bay Resources CEO Jared Lazerson joined Steve Darling from Proactive to provide an operational update on the company's recent acquisition, the Mt. Vernon Gold Mine. Situated in Sierra County, California, near Lake Tahoe, the mine is set to integrate with North Bay's existing 100-ton-per-day gold mill in Inyo County. Crews are gearing up to commence underground operations next week, focusing on sampling and confirmatory work. The mine features a tunnel extending approximately 150 feet, where channel sampling will be conducted on both its north and south faces. Assays from 2023 have indicated that the main zone contains over one ounce of gold per ton, leading to plans for a mini bulk sample to set the stage for more extensive bulk mining. Initial results from these effort...