IsoEnergy Ltd. is pleased to announce that it has commenced its 2024 exploration program in Utah, focusing on four projects: the Tony M Mine, the Rim Mine, the Daneros Mine and the Sage Plain project. Situated within the Colorado Plateau, the mines benefit from underground past-production, and are fully permitted and in proximity to Energy Fuels' White Mesa Mill, the only operational conventional uranium mill in the U.S., and with whom IsoEnergy has a toll milling agreement. The 2024 exploration program is expected to complement the Company's ongoing efforts to reopen the Tony M Mine, as announced on February 29, 2024. Highlights: Geophysical contractors have mobilized to site to commence the initial 8 line-kms of orientation seismic surveys over the known urani...

ST. JOHN'S, NL, May 6, 2024 /CNW/ - Aurion Resources Ltd. wishes to update shareholders with respect to the status of the Company's Right of First Refusal as set out in the Company's news release dated March 11, 2024 . The ROFR expires on May 9, 2024. The Company is considering a number of options as a result of receiving the Notice of Sale and Offer and has held discussions with several parties in connection with determining its response to the Notice of Sale and Offer. The Company is also considering a range of other strategic alternatives, at both the asset and corporate level. It is likely that certain of these discussions will continue beyond the current expiry date of the Notice of Sale and Offer, whether or not Aurion accepts the offer set forth in the Notice of Sale a...

Star Diamond is pleased to announce that it has appointed Ron Waddington, a member of Yellow Quill First Nation, as our Indigenous and Community Engagement Officer. Ron will be leading the Company's Indigenous engagement efforts in a consulting role going forward. Ron will be reaching out to rights holders and stakeholders to discuss how most effectively to engage in economic reconciliation. Chair and CEO Ewan Mason says: "We look forward to real economic reconciliation with all rights holders and stakeholders as Ron undertakes the Company's engagement efforts with the goal to move the Fort à la Corne Project forward". Ron began his career working for the federal government in the Indigenous and Northern Affairs department and has also worked at the provincial...

Positioning for Near-Term, Meaningful, Copper Production Highlights A$24.9M private placement received strong demand from Australian, Canadian and overseas institutional investors, as well as existing shareholders Company to undertake a share purchase plan to eligible existing shareholders under the same offer price as the placement to raise up to an additional A$5M Upon completion of the capital raise, the Company will be fully funded to deliver the following key milestones in the growth and development of the Costa Fuego copper-gold project, located in the coastal range of Chile: Completion of Costa Fuego pre-feasibility study, expected in H2 2024 Advance Water Supply Study and creation of new water company, expected in H2 2024 Up to 25,000m of drilling, exploration and further land cons...

Nickel 28 Capital Corp. today announced that Mr. Anthony Milewski, former Chief Executive Officer of the Company, Mr. Justin Cochrane, former President of the Company, and Mr. Conor Kearns, former Chief Financial Officer of the Company, have been terminated for cause with immediate effect after the Company found evidence of serious misconduct, breach of duties and obligations, repeated lack of judgment, care and diligence and non-compliance with various of Nickel 28's policies and procedures. None of the Company's findings have been proven in court. Messrs. Milewski, Cochrane and Kearns' employment and/or consulting arrangements with the Company have been terminated for cause with immediate effect following the close of business on May 3, 2024 after the Company's board of dir...

Elysee Development Corp. is pleased to announce its unaudited financial results for the three months ended March 31, 2024 . All dollar amounts are in Canadian funds. Highlights from the Q1 2024 results include: Net income of $278,436 in Q1 2024 as compared to $574,676 in Q1 2023; Total investment income of $394.915 in Q1 2024 as compared to $715,735 in Q1 2023; Net Asset Value per share increased to $0.40 per share as of March 31, 2024, compared to a NAV of $0.39 per share on December 31, 2023; and Cash on hand as of March 31, 2024 of $844,675, with no debt. During the first three months of 2024 Elysee's investment portfolio recorded an unrealized gain on securities of $484,727 and interest and dividend income of $58,285, offset by realized losses on the sale of underperformi...

Hercules Silver is pleased to announce that three core drilling rigs are now fully mobilized and drilling the first three holes of an extensive 20,000m drill program at the Company's wholly-owned Hercules Silver Property. Timberline Drilling of Hayden, Idaho has returned to carry out the program, which will consist of drilling 200m centers along NW-SE fences, starting west of the 2023 discovery area, and testing new magnetic anomalies and conductivity and chargeability anomalies identified by a 2023 deep-seeking 3D induced polarization survey . Highlights Commenced core drilling at Hercules with two Atlas Copco CS14 rigs that have an effective depth capacity of 1,000m and one Atlas Copco CS3001 rig with an effective depth capacity of 2,000m in Hercules...

Gold79 Mines Ltd. is pleased to announce the closing of a first tranche of its non-brokered private placement financing, raising gross proceeds of $718,250 through the issuance of 2,873,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 1,436,500 whole warrants were issued, with each warrant entitling the holder to purchase one common share of the Company at a price of $0.30 per share until May 3, 2026. The warrants are callable, at the option of the Company, in the event that the 20-day volume-weighted average price of the Company's common share meets or exceeds $0.50 for ten consecutive trading days based on trades on the TSX Venture Exchange and Alternative Trading Systems. Subscribers wi...

Osisko Metals Inc. is pleased to announce an updated Mineral Resource Estimate at Copper Mountain as part of the Gaspé Copper Project, located near Murdochville in the Gaspé Peninsula of Quebec. The updated MRE comprises an open-pit Indicated Resource of 495 million tonnes grading 0.37% CuEq, representing a 30% increase in copper-equivalent metal content over the previously reported copper-only Inferred Resource , as well as greater than 99% conversion rate from Inferred to Indicated category. At 3.25 billion pounds of contained copper, not including significant molybdenum and silver resources , the Copper Mountain in-pit Indicated Resource hosts the largest undeveloped copper asset in Eastern North America. Other improvements in the updated MRE include a 38% reduction of the...

Frankfurt Stock Exchange: MAL2 TSX Venture Exchange: Blue Sky Uranium Corp. , is pleased to announce that it has closed the over-subscribed private placement announced on April 17, 2024 through the issuance of 18,267,999 units of the Company at a price of $0.06 per Unit for aggregate gross proceeds of $1,096,079.94 . Each Unit consists of one common share and one transferrable common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.09 per share for two years from the date of issue. Finder's fees of $50,986.60 are payable in cash on a portion of the Offering to parties at arm's length to the Company . In addition, the Company is also issuing 849,777 non-transferable finder's warrant...

Highlights New best interval to date at Reid - 687 metres of 0.27% nickel including 36.0 metres of 0.41% nickel and 7.5 metres of 0.56% nickel in REI24-18. All four holes intersected core lengths of at least 676 metres with average grades of 0.24% to 0.27% nickel. Canada Nickel Company Inc. provided an update today on its 2024 exploration program with assay results from four new holes at its Reid property, which included the best drill result to date from the property. Six drill rigs are currently operating across the Company's exploration portfolio. As outlined in a conference call held on February 23, 2024, the Company's 2024 exploration program is targeting delivery of seven new resources by Q2-2025 and six further discoveries, unlocking the regional exploration potential ...

Highlights include 59.9m at 4.80g/t PGM+Au including 42.9m at 5.50g/t PGM+Au, 0.21% Ni, and 140.7m at 1.25g/t PGM+Au and 45.7m at 1.71g/t PGM+Au, 0.22% Ni Bravo Mining Corp. , has received assay results from nine diamond drill holes , four from the North Sector and five from the Central Sector at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project , located in the Carajás Mineral Province, state of Pará, Brazil. "Drilling results at Luanga continue to demonstrate upside, notably with DDH24LU240 returning the highest grade/thickness to date. Additionally, DDH24LU038 stands out as the thickest mineralized drill intersection, extending over 140m from surface," said Luis Azevedo, Chairman and CEO. "Drilling continues to show increasing nickel sulphide gra...

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