Terra Balcanica Resources Corp. announces that its Board of Directors has approved a consolidation of the common shares of the Company on a three-to-one basis. The Company currently has 100,574,553 Common Shares outstanding and, if completed, the proposed Consolidation would reduce the issued and outstanding Common Shares total to 33,524,851 Common Shares. The Company will announce the effective date of the Consolidation, as well as the new CUSIP/ISIN numbers for the post-Consolidation shares by way of a future news release. The post-Consolidation shares will continue to trade on the Canadian Securities Exchange under the Company's existing name and trading symbol. The Consolidation is subject to the approval of the CSE. Shareholder approval of the Consolidation was received ...

Contango Ore Inc. is pleased to announce that its 30% owned Manh Choh project, operated by a subsidiary of Kinross Gold Corp. , is on track for first production in early Q3 2024. Ore and waste mining are ongoing with the full mining fleet now in operation as planned. Following several months of orientation runs, transportation of ore to the Kinross Fort Knox mine, where the ore will be processed, continues to ramp up with all contracted trucks received, the majority of the drivers onboarded, and trailer manufacturing now complete. At Fort Knox, mill modifications and site preparation remain on plan, including the completion of the ore delivery road and tie-ins for the pebble recycle conveyor. Building construction is advancing well, along with interior piping and e...

TSX.V: FKM OTCQB: FKMCF Frankfurt: F7E1 ROUYN-NORANDA, QC, May 8, 2024 /CNW/ - Fokus Mining Corp. is pleased to announce that it has awarded a contract to InnovExplo Inc. to: 1) Conduct a sensitivity analysis at today's economical parameters for the NI43-101 open pit shell originally outlined by SRK Consultants in 2012 at a gold price of US $1,400. The estimate included 18.14 million tons of indicated resources at a grade of 0.41 G/T and 2.51 million tons of inferred resources at a grade of 0.39 G/T . 2) Develop a new sensitivity model for the NI 43-101 compliant resource estimate published in March 2023 to reflect recent increases in the price of gold. 3) Obtain an accurate independent assessment of the necessary drill holes spacing in order to upgrade a portion of the resour...

HIGHLIGHTS Sigma Lithium is increasing its Proven and Probable Reserve balance by 40% to 77.0 million tonnes from 54.8 million tonnes. The entirety of this mineral Reserve balance is feasible through low-cost, open pit, mining operations, consolidating the Company's position as a low-cost producer of Quintuple Zero High Purity Lithium materials. Increased Proven and Probable Reserves lengthens the duration of Sigma's integrated industrial-mining operations to an estimated 25 years at two phases of processing capacity at 520,000 tonnes/year. SÃO PAULO, May 8, 2024 /CNW/ -- Sigma Lithium Corp. , a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, annou...

Scottie Resources Corp. is pleased to announce the exploration plan for the 2024 season on the Company's flagship asset, the Scottie Gold Mine Project, located in BC's Golden Triangle. Slated to start in late June, the $4.5 M program will provide expansionary drilling at the Blueberry and D-Zone targets, initial drilling of a new showing, and testing at the historic Scottie Gold Mine that will aim to define a high-grade gold resource. The Scottie Gold Mine Project, which includes the 100% owned historic mine, and the adjacent Blueberry Zone, is located 35 kilometres north of the town of Stewart, BC, along the Granduc Road. Highlights: Fully financed $4.5 M budget Expansionary drilling of the Blueberry Zone Underground validation of historic drilling at the Scottie Gold Mine a...

Attains Major Permitting Milestone Towards the Development of the CK Gold Project CHEYENNE, Wyo., May 8, 2024 /CNW/ -- U.S. Gold Corp. , today announced that its wholly owned subsidiary, Gold King Corp., has been issued its Surface Gold Mine Permit, dated April 29, 2024 , from the Director of the Wyoming Department of Environmental Quality , subject to certain conditions. In commenting on the approval, George Bee, President, CEO and Director of U.S. Gold Corp. said, "Having previously been granted the Industrial Siting Permit in June last year and now the Mine Operating Permit we have cleared the major regulatory hurdles towards project development. Work to meet final authorization for development is well underway. The remaining conditions are the approval of th...

Q1-2024 net income of $4.3 million Quarterly EBITDA1 of $13.6 million - free cash flow to equity1 of $7.3 million Current copper prices substantially above Q1-2024 average Quarterly dividend of Cdn$0.03 per share declared, representing a 7.7% yield3 VANCOUVER, British Columbia, May 08, 2024 -- Amerigo Resources Ltd. is pleased to announce financial results for the three months ended March 31, 2024 . Dollar amounts in this news release are in U.S. dollars unless indicated otherwise. Amerigo's Q1-2024 financial results included net income of $4.3 million, earnings per share of $0.03, EBITDA1 of $13.6 million and free cash flow to equity1 of $7.3 million. In Q1-2024, Amerigo returned $3.7 million to shareholders2. "We are pleased to report a strong operational first quarter, with...

Although low grade, there is possible economic potential for extraction as a by-product with the precious metals Rouyn Noranda, Q.C., May 8, 2024 - Granada Gold Mine Inc. is thrilled to announce a groundbreaking discovery of critical metals during its recent deep-hole gold drill program. The discovery includes a suite of low-grade alkaline and rare-earth elements , which, despite their low grade, hold significant economic potential as possible byproducts during precious metal mining, leveraging the innovative Re-2Ox process. The previous drill program including several deep holes has defined a potential strike length of 1.6 kilometers to a downhole depth of 1.6 kilometers, revealing the extensive nature of the Critical Mineral mineralization. A total of 21 mineralized zones w...

ALX Resources Corp. is pleased to announce the execution of a definitive agreement for an option earn-in transaction on its 100%-owned Gibbons Creek Uranium Project located in the northern Athabasca Basin near Stony Rapids, Saskatchewan. ALX has executed the Definitive Agreement with Trinex Lithium Ltd. , a wholly-owned subsidiary of Trinex Minerals Limited, which is a publicly-traded mineral exploration company listed on the Australian Securities Exchange. Under the terms of the Definitive Agreement, Trinex Canada can earn an initial 51% interest and up to a 75% participating interest in the Project in two stages over a period of five years by making cash payments and common shares payments to ALX, and by incurring exploration expenditures as shown in the table below. Detail...

Orea Mining Corp., has been permanently delisted from trading on the Toronto Stock Exchange and the OTCQB; transfer agent, clearing, CDS and DTC services are inactive or have terminated. Orea was assigned into bankruptcy on April 17, 2024. Crowe MacKay & Company Ltd., has been appointed as Licensed Insolvency Trustee of Orea's bankrupt estate, and affirmed by Orea's creditors at a meeting held on May 7, 2024. The Trustee is conducting a Sale and Investment Solicitation Process, on an "as is, where is" basis, of Orea's 100% share ownership interest in its Panamanian subsidiaries, which ultimately hold a 44.99% interest in the French joint-venture company Compagnie Minière Montagne d'Or, which was engaged in the development of the 5 million-ounce Montagne d'Or gold project in Fr...

Pacific Empire Minerals Corp. , a British Columbia copper-gold explorer, is pleased to announce today the appointment of Mr. Andrew Lee to the Board of Directors effective immediately. Mr. Andrew Lee currently serves as the Director of Finance at Wheaton Precious Metals Corp. Prior to joining Wheaton, he held several analytical positions at BHP Group Limited in Singapore. With over 15 years of experience in mining finance, Mr. Lee brings a wealth of expertise to Pacific Empire. He holds a Master of Business Administration from the Beedie School of Business at Simon Fraser University, complemented by a Double Major Bachelor of Science in Mathematics and Economics from Nanyang Technological University in Singapore. Pacific Empire's President and CEO, Brad Peters: "...

Europacific Metals Inc. announces the completion of the initial two drill holes of the 2024 exploration drill program at the Miguel Vacas mine area located approximately 180 km east by road from Lisbon and approximately 70 km east from Évora, the Alentejo region capital. HIGHLIGHTS The first hole , collared near the southern limit of the old open pit was completed at a depth of 112.8 meters. The hole intercepted a broad broken mineralized interval with copper secondary minerals associated with a 28 meters wide polyphase breccia/shear zone from 57 meters, including an expected high-grade zone of ca 2m from ca. 64 meters. Mineralization consists essentially of Malachite [], Libethenite , Crisocola , Atacamite , Covelite and Tenorite . Primary sulphides are virtually absent unti...

May 8, 2024 - Heritage Mining Ltd. is pleased to congratulate Treasury Metals Inc. on its recently announced business combination transaction with Blackwolf Copper and Gold Inc. . The Company believes this is a significant vote of confidence to one of the last underdevelopment greenstone belts in Northwestern Ontario, Canada. Select Transaction Highlights & Comments1 Potential Near-Term Gold Production at Treasury's Goliath Gold Complex Project Strong Financial Position: The balance sheet of the combined entity will be fortified with a combined cash position of more than C$10 million, plus a proposed concurrent minimum C$4 million flow-through financing. Enhanced Capital Markets Focus: New capital markets strategy to be led by cornerstone investor Frank Gius...