Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to provide insight into the company's progress and future plans. Established in 2015 with a focus on battery metals like nickel, copper, and cobalt, Fathom Nickel aims to secure critical North American metal supplies essential for electric vehicle batteries and decarbonization efforts.
Operating two properties in northern Saskatchewan, namely Albert Lake and Gochager Lake, Fathom Nickel has been actively exploring these sites to uncover valuable mineral deposits. While Albert Lake served as the company's flagship project at its IPO, the acquisition of the Gochager Lake property in late 2022 marked a significant expansion of its portfolio.
Extensive drilling efforts at both sites have ...

Metalex Ventures Ltd. announces that it has granted an aggregate of 300,000 deferred share units to two independent directors at a deemed price of $0.05 per DSU. The DSUs were granted in consideration for services provided by the directors for the quarter ended April 30, 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on October 11, 2022. The DSUs vest one year from the date of grant, subject to certain exceptions, and each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or ac...

Midnight Sun Mining Director of Marketing and Communications Adrian O'Brien joined Steve Darling from Proactive to to announce the successful closure of a $10 million financing round, surpassing their initial target of $3.3 million due to high demand. This financing round follows their recent partnership with First Quantum and underscores their commitment to advancing two major projects.
The first project centers on a significant copper oxide target, with the potential for near-term cash flow. Their partnership with First Quantum aims to leverage resources and expertise to advance this project efficiently. Additionally, Midnight Sun is collaborating with KoBold Metals on the Dumbwa project, targeting significant sulfide targets in the southeast region of their property.
KoBol...

Property Includes Historical Gold Resource Delta Resources Ltd. is pleased announce that it has entered into an agreement with Golden Share Resources Corp. acquiring the exclusive rights to earn a 100% interest in the Band-Ore property . The Bandore property is located approximately two kilometres west of the Delta-1 Property which in turn lies 50 kilometres west of Thunder Bay, Ontario. The Property hosts two historic high-grade gold resources that are not considered National Instrument 43-101 compliant1. TABLE 1: Band-Ore Historical Resources To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8482/210255_73503d8af4cb5b05_001full.jpg The 10 km long property covers approximately 2,115 hectares and comprises 16 patent...

Copyright 2024 TheNewswire - All rights reserved....

Paris, 23 May 2024, 6:00 p.m. PRESS RELEASE Eramet: Successful issue of €500 million sustainability-linked bonds Eramet announces today the successful issue of sustainability-linked bonds in a principal amount of €500 million and with a 5.5-year maturity and an annual coupon of 6.5 per cent . The Bonds have been very well welcomed by a diversified base of institutional investors in France and abroad. The order book, more than 3 times subscribed, reflects the strength of the Group's fundamentals, its growth and its prospects. Eramet's new sustainability linked-bond is aligned with the new Sustainability-Linked Financing Framework which is available on the website of the Company1. The Bonds are linked to two sustainability performance targets which are: the reduction by 37 per cent...

EcoGraf Ltd. is pleased to announce that it has signed a binding agreement with AngloGold Ashanti Holdings, a subsidiary of AngloGold Ashanti Plc to enter into a US$9.0m 5-year farm-in agreement for the exploration of gold at EcoGraf's wholly owned subsidiary Innogy Limited's Golden Eagle gold project in the Lake Victoria Goldfields of Tanzania . AngloGold is one of the world's largest gold miners and owner of Tanzania's largest gold mine, the 9.9Moz Geita gold mine.1 Key highlights of the project: The Golden Eagle Project has been the subject of detailed technical and corporate due diligence by AngloGold, commencing in May last year. The Golden Eagle Project is located in the Singida and Manyara regions of...

NioCorp Developments Ltd. is pleased to announce that it has engaged JPMorgan Chase Bank, N.A. to assist NioCorp in seeking debt financing supported by the Export-Import Bank of the U.S. to advance NioCorp's proposed Elk Creek Critical Minerals Project . NioCorp's application for project financing with EXIM made it through the first of EXIM's three Transaction Review Committee reviews in October 2023. In April 2024, EXIM provided NioCorp with a preliminary indicative term sheet for possible financing. While JPMorgan is assisting the Company to advance the sought financing to the next level in the EXIM approval process, no loan application is final until EXIM's Board of Directors give its final approval. "With J.P. Morgan's experience in helping to successfully craft financing...

Colibri Resource Corp. is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures has announced the results from five holes drilled in the ongoing Phase 4, RC drill program. Hole JES-24-79 was drilled in the North Hill Trend area and is reported to be the second-best gold intersection to date outside of the Main Zone. Colibri owns a 49% interest in the Pilar Gold & Silver Project. Highlights from Tocvan Pilar News Release - May 23rd, 2024: Drilling Intersects 42.7 meters of 1.0 g/t Au, 22.9 meters from Surface in Drillhole JES-24-79 Including 3.1 meters of 10.9 g/t Au, 38.1 meters from surface Second Best Intersect Outside of Main Zone to Date, 300 meters Northeast of Main Zone 300 meters west-northwest of Previously Released ...

Lomiko Metals CEO Belinda Labatte joined Steve Darling from Proactive to announce a significant milestone: the company has been awarded a Department of Defense Technology Investment Agreement grant of $8.35 million. Under this agreement, Lomiko will match the funding over a period of five years, resulting in a total agreement value of $16.7 million with the DoD.
Labatte explained that the grant falls under Title III of the Defense Production Act and is funded through the Inflation Reduction Act, aimed at ensuring energy security in North America. The funding is specifically designated to strengthen and expand the industrial base for natural flake graphite in the region.
This marks one of the first instances where the Department of Defense has granted TIA funding to a Canadian...

Zeus North America Mining Corp. is pleased to highlight its 2024 Exploration plans and highlights its flagship Cuddy Mountain Property, immediately adjacent to Hercules Silver Corp.'s Hercules Project , which reported a copper porphyry discovery in Idaho. The Leviathan Porphyry Copper discovery was highlighted by intersecting 185metres of 0.84 percent Copper , 111 parts per million molybdenum and 2.6 grams per tonne silver , including 45m of 1.95 % Cu . Zeus North America Mining Corp. prepares for a spring and summer exploration program at its flagship Cuddy Mountain Property. Specifically: The Cuddy Mountain Property is adjacent to Hercules Silver Corp.'s Leviathan Porphyry Copper Discovery; Hercules ring-staked the Zeus Property prior to announci...

Arizona Gold & Silver Inc. is pleased to announce 90% to +99% gold extractions from agitation cyanide leach tests on two bulk samples from the Philadelphia Gold-Silver Property, Arizona. The results demonstrate the ready amenability of the feed material for cyanide gold extraction. Initial agitation leach tests were performed by McClelland Laboratories in Sparks, Nevada on two bulk samples of material. The objective was to assess the amenability of the material to conventional milling and cyanidation leaching. The leach tests demonstrated gold recoveries of 90.6% to greater than 99.3% for all milled feed sizes. Leach kinetics were faster at the finer feed sizes and ultimate gold recoveries were greatest at the finer feed sizes. Cyanide and lime consumption was low in all test...

Homerun Resources Inc. is pleased to announce that the Company has started its 2,000-meter MRE auger drill program at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil. The company has secured the services of a local contractor for the execution of the 2,000-meter drill program, and work commenced on May 20, 2024. The MRE geology team, comprising the Company QP and two local geologists, will oversee the execution of the drill program, with support from the company's Management team. The samples obtained during the drill program will be sent to SGS Geosol for chemical analysis. The Homerun Geo team aims to use the information generated by this drill program to issue a 43-101 compliant Mineral Resource Estimate . The drilling program is part of Homerun's commit...