Aclara Resources Inc. is pleased to announce that it has awarded the Carina Module Pre-Feasibility Study contract to Hatch Ltd. , a global multidisciplinary management, engineering, and development consultancy. Hatch has over six decades of business and technical experience in the mining, energy, and infrastructure sectors with a presence in over 17 countries and is ranked as a top 20 International Design Firm according to the Engineering News-Record rankings. The Carina PFS will be an internal study focused on identifying the optimal project configuration to serve as a basis for the upcoming Feasibility Study. The PFS is expected to be completed by the second half of 2025 and will immediately be followed by the Feasibility Study phase which is expected to be complete by the ...

TDG Gold Corp. announces that it has extended the closing of the non-brokered private placement previously announced on February 22, 2024, April 4, 2024, April 11, 2024, and May 3, 2024 to on or around June 8, 2024. As previously described, the Offering will consist of a combination of charity flow-through units of the Company at a price of $0.20 per Charity FT Unit, flow-through units of the Company at a price of $0.16 per FT Unit, and non-flow-through units of the Company at a price of $0.14 per NFT Unit, for aggregate gross proceeds of up to $2,000,000. The Company intends to use the net proceeds of the Offering for continued exploration on TDG's mineral properties, and general working capital. The securities issued in connection with the Offering will be subject to a four...

Eagle Plains Resources Ltd. or has completed an initial data compilation on its recently consolidated 9156 ha Theory Copper-Gold project, located in the Toodoggone Mining District of British Columbia. The project is considered to be highly prospective for both epithermal gold and copper-gold porphyry deposits. The property is owned 100% by Eagle Plains, with 122 hectares of the property subject to an underlying 0.5% Net Smelter Royalty held by a third party. Project Highlights Large contiguous land position Located in highly prospective Toodoggone Copper & Gold Mining District Multiple occurrences of low-sulphidation quartz-carbonate gold-silver veins Presence of argillic and propylitic hydrothermal alteration Favourable geological setting including a significant extent of th...

Lahontan Gold Corp. , is pleased to announce that it has engaged Kappes, Cassiday and Associates based in Reno, Nevada to produce an updated NI 43-101 compliant Technical Report and Preliminary Economic Assessment for its flagship Santa Fe Mine project, located in Nevada's prolific Walker Lane. KCA will lead a team including RESPEC Company LLC also based in Reno, and Equity Exploration of Vancouver, British Columbia . KCA will coordinate the PEA, Equity will be responsible for updating the block model and Mineral Resource Estimate, and RESPEC will provide mine design and planning. KCA will develop metallurgical flow sheets, process facility layout, and general mine infrastructure along with economic analysis. Kimberly Ann, Lahontan Founder, CEO, President, and Director commen...

Silver Wolf Exploration Ltd. is pleased to announce that it has engaged Salman Partners Inc. to provide strategic advice to enhance shareholder value and awareness. "We are absolutely thrilled to be working with Terry and the Salman Partners team" said Peter Latta President. "Terry has a tremendous reputation and expansive network in the mining industry that we believe will help the Silver Wolf story resonate with a broader audience." About Salman Partners Salman Partners is an independent advisory firm building on it's 30 years history in the financial service industry, incorporated in September 1994. Originally licensed as a broker dealer in Canada and the United States. The firm today continues its rich tradition of advising companies in the resource sector. Salman Partner...

Highlighted by a 76.5% Increase in Revenue and a 35-Fold Increase in Net Income - Exceeding the Company's Total Net Income for 2023 COEUR D'ALENE, ID / ACCESSWIRE / May 6, 2024 / Idaho Strategic Resources Inc. today announced its consolidated operating and financial results for the first quarter ending March 31, 2024. IDR achieved a 76.5% increase in revenue and a 35-fold increase in net income compared to the first quarter of 2023. Key highlights include: Operational Performance: Q1 2024 % Change Q1 2023 Ore Tonnes Processed 10,300 -7.6% 11,144 Average Flotation Feed Grade 10.31 83.1% 5.63 Ounces Produced 3,116 80.6% 1,725 All-In Sustaining Cost Per Ounce $1,097.09 -28.8% $1,540.20 Financial Performance : Q1 2024 % Change Q1 2023 Revenue $5,898,938 76.5% $3,341,596 Cost of G...

US$1 million received as second advance of Signing Loan under option agreement with Hochschild Mining plc . Total of US$8 million received with remaining US$7 million expected to be advanced in June. Funds received to-date addressed short-term capital needs in Argentina and will continue to support deleveraging. Cerrado Gold Inc. announces receipt of the second advance of US$1 million under the signing loan entered into with Amarillo Mineração do Brasil Ltda. a wholly-owned subsidiary of Hochschild Mining plc , whereby Cerrado has granted to Amarillo the option to purchase a 100% interest in the Company's Monte Do Carmo project located in the State of Tocantins, Brazil , for total consideration of US$60 million, as announced on March 5, 2024. A total of US$15 mill...

Lake Resources NL is pleased to announce the next milestone for the Kachi lithium brine project in Catamarca Province, Argentina, having today signed a Letter of Intent with YPF Luz, a leading Argentine sustainable electric power generation company. Under the LOI, Lake and YPF Luz will engage in exclusive non-binding discussions to evaluate and negotiate agreements relating to: - The construction of the high voltage line by YPF Luz for power capacity for Kachi - Delivery of the power supply by YPF Luz for Kachi To support the power solution and create a binding commercial agreement, YPF Luz will perform the Front-End Engineering Design work for the proposed power delivery system. The FEED will be progressed through the remainder of 2024. "After running a thorough process for ...

Cohiba Minerals Ltd. is pleased to announce completion of a desktop review of the company's copper and gold prospectivity across its South Australian tenements. The desktop review has formed the basis on an updated strategic direction the Company will look to progress to maximise value for shareholders. Chief Executive Officer, Faheem Ahmed commented: "Cohiba has been well positioned with extensive exposure to highly prospective Copper and Gold assets which adjoin the biggest IOCG discovery in Australia in the last two decades. This is the first step in extrapolating value out of these key IOCG assets and we've compiled data which will be used for targeted exploration and discussions to seek a potential Joint Venture partnership with a major. The Oak Dam Project hosts the sam...

Horizon Minerals Ltd. is pleased to announce that it has entered into a binding Ore Sale Agreement with Paddington Gold Pty Ltd to treat 1.4Mt of Horizon ore from the Boorara Gold Project. HIGHLIGHTS - Binding OSA has been executed with Paddington Gold Pty Ltd, a wholly owned subsidiary of Norton Gold Fields Ltd. - Horizon will arrange contract mining and hauling of ore from Boorara for ore processing at Norton's 3.8Mtpa Paddington Mill, located ~56km by road from Boorara - An agreed 1.4Mt will be processed over a period of 22 months, commencing in the September 2024 Quarter - The OSA contains competitive ore treatment rates with the payment structure as follows: o Within 5 days of delivering ore to the Paddington ROM pad, Paddington to pay Horizon 50% of gross r...

Homerun Resources Inc. is pleased to announce the following update from the CEO, Brian Leeners, on the Company's ongoing business developments. Dear Shareholders, it is with great pleasure that we provide our shareholders with this update on the status of Homerun Resources. Firstly, we want to extend our utmost gratitude to everyone who has exercised their patience as we progress through the Company's development stage - the most important time in any company's existence. Nine months ago, on August 9th, 2023, we released a detailed overview of our comprehensive three-phase strategic development plan. That overview was provided so that we are in alignment with our shareholders by establishing a clearly articulated path forward and a level of accountability. We are very pleased...

Eastern Platinum Ltd. is pleased to report that it has filed its Audited Consolidated Financial Statements for the fiscal year ended December 31, 2023 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results for the fourth quarter of 2023 and for the fiscal year ended December 31, 2023 in comparison to the restated periods in 2022 : Revenue for Q4 2023 increased to $30.5 million , representing a 146.0% increase. Revenue for FY2023 increased to $106.9 million, a record full year high , representing a 98.3% increase. Mine operating income increased by $9.6 million to $7.8 million in Q4 2023 , resulting in a gross margin of 25.5% in Q4 2023 as compared to -14.5% in Restated Q4 2022. Mine operatin...

Ultra Lithium Inc. is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders . On March 4, 2024, the Company announced that effective February 29, 2024 it has been granted a voluntary management cease trade order in accordance with NP 12-203 due to it not being able to file its annual financial statements and management's discussion and analysis for the year ended October 31, 2023, and the related CEO and CFO certifications on SEDAR within 120 days of its financial year-end. The management cease trade order has been granted by the Company's principal regulator, the British Columbia Securities Commission. The Company was not able to complete the year-end audit within the time periods required by National Instrumen...