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...

Elemental Altus Royalties Corp. is pleased to announce the acquisition of up to a 1.40% net smelter return royalty from Aterian Plc over the HCK Lithium Project in the Republic of Rwanda currently under a Joint Venture agreement with Rio Tinto Mining and Exploration Ltd . Highlights: New 1.25%-1.40% lithium NSR royalty acquired by Elemental Altus Royalty covers HCK Project in Rwanda operated and managed by Rio Tinto Option to be granted second royalty on additional Musasa lithium permit in Rwanda Frederick Bell, CEO of Elemental Altus, commented: "We are excited to add another highly prospective exploration royalty to the portfolio which is being advanced by Rio Tinto. Historical work at the HCK project has identified 19 separate LCT pegmatite zones offering the prospective s...

American Copper Development Corp. reports that it has renegotiated the terms with Waterton Nevada Splitter LLC for the purchase of the Lordsburg Property. The Company now has reduced its liabilities to Waterton from CAD$5,000,000 to CAD$400,000 due by August 2025. In consideration of the new terms, Waterton Nevada Splitter LLC has been paid CAD$625,000 and has been issued 1,564,823 shares in the Company. Rick van Nieuwenhuyse, Chairman comments: "This is a significant accomplishment for our Company to be a big step closer to owning the Lordsburg district 100% out-right. Having drilled an exciting intercept of 44m at 1% Cu last year, we are now able to explore this district further from both surface expressions of Copper/Gold mineralization and at depth targeting the Resolutio...

Lake Victoria Gold - is pleased to provide an update and report on the progress of corporate and technical developments. Imwelo Property Update The recent Fair Competition Commission approval for the acquisition of the Imwelo Mining License represents an important regulatory milestone, moving the project closer to the transfer of the ML. Concurrently, the Tanzania Revenue Authority is in the process of assessing the capital gains tax due on this transaction, with a decision expected shortly. This tax assessment and payment is crucial as it represents the final hurdle before the official transfer of the ML. The completion of final engineering and the transfer of the ML triggers the second tranche of investment from TAIFA Group. The Company is in advanced negotiations with a number of other ...