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Awalé Resources is pleased to announce that it has closed the bought-deal private placement initially announced on April 17, 2024. The Company issued ‎‎18,549,500 ‎units of the Company ‎ ‎at a price of C$0.62 per Unit for aggregate gross proceeds of $11,500,690‎. The Offering was underwritten by Canaccord Genuity Corp. on behalf of a syndicate of underwriters . Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company . Each Warrant entitles the holder to acquire one Common Share at a price of C$0.80 per Common Share until May 8, 2026. The net proceeds received from the Offering will be used to advance Awalé's projects in Côte d'Ivoire, as well as for working capital and general corporate purposes. In con...

Vox Royalty Corp. , a returns focused mining royalty company, is pleased to announce its operating and financial results for the first quarter ended March 31, 2024. All amounts in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer, stated: "I'm pleased to share these quarterly financial results, in line with 2024 annual revenue guidance, which notably include over 140% growth in cash flows generated from operations. After tremendous revenue and profitability growth in 2022 and 2023, we find ourselves on the cusp of the next phase of Vox's organic growth in producing assets and associated royalty revenue, with numerous assets advancing towards a development decision. We are also actively advancing a pipeline of opportunities that is consistent with ou...

Xtra-Gold Resources Corp. is pleased to provide the following summary of the unaudited Financials ending March 31, 2024: Total Assets US$12,700,871, comprised mainly of cash, liquid securities, and gold inventory ; Zero Debt; Total Income for the quarter of US$1,234,557; and Net Income of US$510,987. The full details of the Quarterly Financials with MD&A can be viewed on the Company's website at www.xtragold.com. James Longshore, CEO/Co-Founder states: "Our Company had another very successful quarter, covering all our exploration drilling and operating costs . We have financed all our Operating Costs over the last 14 years, with our shareholders suffering no dilution to their share ownership. We continue aggressively drilling at our Kibi Gold Project, with our three diamo...

Apex Resources Inc. is pleased to announce that the Company's shares will resume trading effective at the open of market on Thursday, May 9, 2024. The Company is also pleased to announce that it has received conditional acceptance from the TSX Venture Exchange of the previously announced proposed acquisition of all the shares of an arm's length corporation holding a 100% option over the consolidated mineral rights of the Lithium Creek Property in Nevada, USA . 1.The Company further announces that it is arranging the concurrent, part and parcel non-brokered private placement which is being conducted in conjunction with the Acquisition. The Company has reduced the size of the Financing to 9,000,000 units to raise gross proceeds of $630,000. Each Unit is comprised of one common s...

Please note that on Wednesday, May 8th, Brunswick Exploration issued the incorrect version of a press release under the same headline. The corrected release follows: Brunswick Exploration Inc. is pleased to report more significant results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide and well mineralized intervals within the MR-6 dyke and its vicinity, where it remains open in all directions. Highlights include: Best interval to date at Mirage with 1.55% Li2O over 93.45 meters in drill hole MR-24-62 starting at surface and which ext...

Element79 Gold proudly announces the successful exercise of the Binding Option Agreement with Sun Silver Limited for the closing of the sale of the Maverick Springs Project to Sun Silver. Highlights Since Acquisition in 2021, the Company has worked to advance the project, including an updated 43-101 compliant inferred resource of 3.71Mozi AuEq. In seeking funding partners for the development of the Maverick Springs project, management negotiated and subsequently engaged with Sun Silver in August 2023 via a Binding Option Agreement. As the Company is now focused on advancing the high-grade Lucero Project with near term production potential in Peru, this transaction al...

Aclara Resources Inc. chief operating officer Barry Murphy joined Proactive's Stephen Gunnion with news that the company has contracted global multidisciplinary consultancy firm Hatch to complete the prefeasibility study for the Carina Module rare earths project in Brazil.
Murphy cited Hatch's extensive experience and good fit with Aclara's team as the primary reasons for the choice. The pre-feasibility study, a crucial step following the issuance of a preliminary economic assessment earlier this year, will focus on various trade-offs concerning the availability of resources like power and water.
The study is expected to conclude around mid-next year, after which Aclara plans to transition to a feasibility study. The pre-feasibility study results will not be made public as Ac...

Angkor Resources announces its subsidiary, EnerCam Exploration realized an increase in net proceeds as the price differential dropped for Canadian crude oil sold into the US. EnerCam holds a 40 % interest in the Evesham project and Eyehill Creek Exploration Ltd. and a third party hold the remaining 60%. Using analyst reports from TD Economics, the sale price of Canadian oil production is determined by several factors including a 'price differential', caused in part by a lack of sales channels for Canadian product. The differential is a deduction for the conversion of a posted pricing benchmark using the West Texas Index to a base of Western Canadian Select with further discounts for product type, quality, quantity, and finally an exchange from USD converted to ...

First Phosphate Corp. is pleased to announce that it has entered into a partially binding letter of intent with Rapid Building Systems Pty Ltd of Adelaide, Australia for the development of a Rapidwall Manufacturing Plant in the Saguenay-Lac-St-Jean Region of Quebec, Canada. Upon acceptance of terms for the supply of a Rapidwall Manufacturing Plant by RBS, First Phosphate will be granted a license for the exclusive sales and marketing rights for Canada to RBS's Rapidwall and Rapidseal products. The Rapidwall Manufacturing System would allow First Phosphate to upcycle the clean phosphogypsum produced from its proposed purified phosphoric acid plant into building material panels which could be used to support housing for rural and indigenous communities in North America. Rapidwa...

Exploits Discovery Corp. is pleased to announce that it has engaged DGI Geoscience Inc. to complete an optical televiewer downhole survey on approximately a dozen previously drilled holes at the Bullseye exploration property in Central Newfoundland. The purpose is to further refine the 3D orientation of the Company's new drill targets at Bullseye for the 2024 phase II drill program. The Company plans to release further details of the upcoming drill program upon receipt of interpretation of the televiewer survey. Jeff Swinoga, President and Chief Executive Officer, commented, "The results of DGI's optical televiewer downhole survey will assist orientation of our future drilling programs at Bullseye. Our team has prioritized numerous drilling targets, and this survey should pro...

Shares Outstanding: 328,612,319 Trading Symbols: TSX: GGD OTCQX: GLGDF GoGold Resources Inc. is pleased to announce the financial results for the quarter ending March 31, 2024. The Company generated net income of $1.3 million and revenue of $8.9 million from the sale of 374,140 silver equivalent ounces. "At Parral, we're seeing the benefits of increasing production and rising metal prices, along with the successful addition of the SART zinc circuit. With our production anticipated to continue increasing in the coming quarters, we see it being a contributor to our strong balance sheet and ability to execute on our Los Ricos South project," said Brad Langille, President and CEO. Highlights for the quarter ending March 31, 2024: Cash of $80.8 million USD Revenue of $8.9 million ...

Outback Goldfields Corp. is pleased to announce that, further to its announcement of the Letter of Intent to acquire S2 Resources' gold assets located in the Central Lapland district of Finland , Mr. George Salamis has agreed join Outback as a strategic and technical advisor. Mr. Salamis offers a wealth of technical and strategic expertise in the Central Lapland district, having worked as Vice President of Riddarhyttan Resources AB and advancing what is now known as the Kittilä Mine until its sale to Agnico Eagle in 2006. The Kittila mine is Europe's largest producing gold mine, originally discovered by the Finish Geological Survey in the late 1990's and then sold to Riddarhyttan as a small, shallow resource of less than 300,000 ounces of gold1. Riddarhyttan conducted extensi...