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...

Homerun Resources Inc. is pleased to announce the appointment of Ms. Nancy Zhao, as the new Chief Financial Officer of the Company. Nancy Zhao, has over nine years of experience working with public companies, including having served as the CFO for several publicly traded entities and contributing her financial acumen to organizations such as First Hydrogen Corp , and NEO Battery Materials Ltd. . Ms. Zhao is currently a board member of First Hydrogen Corp. Holding the designation of CPA, Ms. Zhao has a comprehensive educational background, including a diploma in Financial Management from British Columbia Institute of Technology, and a bachelor's degree in chemical engineering from Tianjin University of Technology. Ms. Zhao's professional journey encompasses diver...

VANCOUVER, BC, May 8, 2024 /CNW/ - The following issues have been halted by CIRO Company: Nevada Zinc Corp. TSX-Venture Symbol: NZN All Issues: Yes Reason: Cease Trade Order Halt Time : 7:45 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot prov...

VANCOUVER, BC, May 8, 2024 /CNW/ - The following issues have been halted by CIRO Company: Cerrado Gold Inc. TSX-Venture Symbol: CERT All Issues: Yes Reason: Cease Trade Order Halt Time : 7:45 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot pro...

VANCOUVER, BC, May 8, 2024 /CNW/ - The following issues have been halted by CIRO Company: Select Sands Corp. TSX-Venture Symbol: SNS All Issues: Yes Reason: Cease Trade Order Halt Time : 7:45 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot pro...

Vast Resources Plc / Ticker: VAST / Index: AIM / Sector: Mining 8 May 2024 Vast Resources Plc Update on Debt Funding Vast Resources Plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL as announced on 16 May 2022 and the debt owed to Mercuria Energy Trading SA relating to Tranche A of the Prepayment Agreement announced on 21 March 2018. As announced on the 29 April 2024, US$1.5 million was due to be repaid on 7 May 2024. The Company is currently in discussions with Alpha and Mercuria regarding a further extension that will allow further time to finalise the restructuring finance for the Company with the owner of the Swiss investment company, as referenced in...

TORONTO, May 8, 2024 /CNW/ - Silver Mountain Resources Inc. , is pleased to announce that the TSX Venture Exchange has accepted for listing 87,638,928 common share purchase warrants of the Company for trading on the TSXV. Such Warrants are being issued pursuant to a prospectus supplement to the short form base shelf prospectus of the Company dated November 9, 2022, which Supplement was dated April 18, 2024 . For more information about the Offering, please refer to the Company's news release dated April 24, 2024, which is available under the Company's SEDAR+ profile at https://sedarplus.ca. Under the Offering, an aggregate of up to 97,854,926 Warrants may be issued. 87,638,928 Warrants were issued on April 24, 2024 in connection with the closing of the Offering, including the ...