F3 Uranium Corp. is pleased to announce that summer drilling has commenced to test conductors on the Clearwater West property which is located 13km to the south of Fission Uranium's Triple R uranium deposit . SKRR Exploration Inc. has an option to acquire up to a 70% interest in the Clearwater West Property by making cash payments and issuing shares to F3 and funding exploration work, with F3 serving as the operator during the earn-in period. Clearwater West is an early-stage exploration project prospective for uranium mineralization. The uranium mineralization model for the Clearwater West property is basement hosted and structurally controlled Athabasca Basin unconformity related deposits. Summary of the Clearwater West Property: The Clearwater West Project is...

Sixty North Gold Mining Ltd. Sixty North Gold is pleased to announce that two gold zones have been encountered during development of its wholly-owned Mon Gold Mine. The target of this development, the A-Zone quartz vein has been intersected in the 970E crosscut at elevation 212m AMSL, 16 m below the historic West Stope . Visible gold was noted in a 30 cm wide vein dipping steeply to the west with 3% sulphides, pyrrhotite > sphalerite > galena > chalcopyrite > pyrite and significant visible gold in a 14 m wide intensely potassic-altered gabbro. The A-Zone is exposed on surface where it extends over 100m in strike. Twenty samples from 10 trenches collected by an independent geologist in this vein averaged 116.34 gpt gold over 1.1 m width . An estimated 10,000 tonnes...

LONDON , July 22, 2024 /PRNewswire/ -- Vedanta Resources Holdings Limited , the diversified global mining, metals, natural resources, energy, and technology conglomerate today confirmed that it has paid USD 245.75 million in line with its commitment under the KCM scheme of arrangement. This paves the way for imminent reinstatement of the Board of Directors of KCM and the return of full management control to Vedanta, which is necessary before Vedanta ramps up production and unlocks KCM's full potential. With high-grade Copper deposits in excess of 2.4%, KCM is one of the largest deposits of high-grade copper globally. With total of 412kt of contained Cobalt Reserves and Resources, KCM also has the potential to sit amongst the top 5 cobalt producers globally. Vedanta has plans in place not o...

Pershing Resources Company Inc. is pleased to announce that it has entered into an agreement to acquire a 100% interest in the Mohave Project located in Mohave County in northwestern Arizona. Project Highlights: Extensive well-developed low-sulphidation epithermal gold-silver vein complex and alteration system covering an area in excess of 2 sq miles or 6 sq kms. Permitted in 2023 by previous optionee for up to 600 drill sites and up to 27 kilometers of drill access roads within the property. Post-1975 drilling includes 619 holes totaling 23,244 metres . All were shallow holes averaging 37.5 metres in depth with many bottoming in gold mineralization and open in several directions. Over 40 abandoned mine workings have been located / mapped on the property by previous operators...

Flying Nickel Mining Corp. and Norway House Cree Nation are pleased to announce that they have entered into a binding letter of intent dated July 21, 2024 pursuant to which Flying Nickel proposes to sell its Minago Nickel project and its related assets and undertaking located in the Thompson Nickel Belt of Manitoba, Canada to NHCN . In consideration for the Minago Assets, at the closing of the Proposed Transaction, NHCN shall surrender all of the common shares in the capital of Flying Nickel held by NHCN immediately prior to closing of the Proposed Transaction. Total consideration will either be payment of $7.3 million in cash and surrender of 31,015,206 of Flying Nickel Shares, or $8 million in cash and surrender of 17,561,862 of Flying Nickel Shares. Blackstone, Sparta and ...

Select Sands Corp. is issuing an update regarding the Company's operations and future direction. On July 16, 2024, our primary lender issued a demand letter serving as final notice of default to bring our account current by August 1, 2024 to avoid foreclosure and the invocation of power of sale on collateralized assets and associated costs. As of July 16, 2024, the past due amount is US$249,863, the total outstanding indebtedness owing to the lender is US$11,648,055 and interest is accruing at US$2,092 per day. In response to the evolving market dynamics and recent challenges, Select Sands, in late April of this year, made a strategic decision to temporarily pause operations. This decision was influenced by lower-than-anticipated oil and gas activity in key basins, a cautious...

Lomiko Metals Inc. is pleased to announce that the Lomiko team represented by Belinda Labatte, Bradley Barr and Cindy Valence were present in the municipality of Duhamel as part of the ongoing information sessions. Lomiko has previously announced a regular presence in the municipalities, starting this summer, to be in proximity to local communities with information sessions, the first being July 21 in Duhamel. In addition to the BAPE process, this engagement is a fundamental aspect to developing critical minerals projects in Quebec and Canada and this session was organized by the Alliance - the amalgamation of the municipalities of Lac-des-Plages, Duhamel, Lac-Simon, Saint-Émile-de-Suffolk and Chénéville. In addition to other panelists present, the Lomiko team presented on ho...

Silver Viper Minerals Corp. announces that further to its press release April 6, 2023 and October 20, 2023, it has completed the terms of the amended Rubi-Esperanza Option Agreement with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project , located in the Sierra Madre of eastern Sonora State, Mexico. "Silver Viper is thrilled to announce that we now fully own the entire La Virginia Project," said Steve Cope, CEO of Silver Viper Minerals Corp. "Completing the terms of the Rubi-Esperanza Option Agreement and acquiring 100% ownership of these key mineral concessions marks a significant milestone for our company. This achievement not only enhances our position in Mexico, but also strengthens o...

Capella Minerals Ltd. is pleased to provide the following update as we focus on our Scandinavian project portfolio, following the regaining of a 100% interest in its high-grade copper-cobalt-zinc projects in the Løkken and Røros mining districts, central Norway, and including the drill-ready targets at Åmot and Hessjøgruva . The Company's project portfolio was also streamlined during H1, 2024, with the divestiture of two non-core assets in the Americas , with discussions on strategic alternatives for the Domain project in Manitoba, Canada, also underway with JV partner Agnico Eagle Mines Ltd. . This provides the Company with a clear focus on its Scandinavian projects going forward. Northern Finland Copper-Gold Project Capella's Northern Finland Copper-Gold Project ...

Western Uranium & Vanadium Corp. is pleased provide the following updates. New Director Election and Incentive Stock Option Grant Michael Skutezky was recently elected as a new director at the Company's Annual General and Special Meeting of Shareholders. In light of the significant improvements in uranium markets over the past year, the development of Western's mining operations, and substantial advancements in our projects, the Company also sought to enhance its governance. To achieve this, we expanded our board of directors, adding an independent director with a complementary skill set and extensive expertise in the uranium industry. Mr. Skutezky brings over 40 years of experience as an officer, counsel, and director of private and public resource sector companies, includin...

VANCOUVER, BC / PERTH. AUSTRALIA / ACCESSWIRE / July 22, 2024 / Sarama Resources Ltd. refers to its capital raising announced on 19 June 2024, which comprises the issue of up to 50,000,000 CHESS Depository Interests at an issue price of A$0.02 per CDI to raise gross proceeds of up to A$1 million . The Placement is comprised of the following two tranches: Tranche 1: 45,000,000 CDIs at A$0.02 per CDI raising gross proceeds of A$900,000 purportedly pursuant to Australian Securities Exchange Listing Rules 7.1 and 7.1A . The Tranche 1 CDIs were issued on 25 June 2024. Tranche 2: up to 5,000,000 CDIs at A$0.02 per CDI to raise gross proceeds of up to A$100,000. The issue of the Tranche 2 CDIs is subject to the receipt of prior shareholder approval. In connection with the preparatio...

E-Tech Resources Inc. is pleased to announce that it plans to raise up to $600,000 through a private placement of up to 12,000,000 units of E-Tech at $0.05 per Unit. Each Unit will consist of one common share of E-Tech and one-half common share purchase warrant . Each Warrant will be exercisable to purchase one Common Share of E-Tech at a price of $0.10 per share for a period of 24 months from the closing date of the Financing . The proceeds from the private placement will be utilized to support the Company's ongoing exploration and operational activities. To facilitate the Financing, E-Tech has entered into an agreement with Numus Capital Corp., a registered exempt market dealer, to act as agent for the Financing. E-Tech has agreed to pay to the agent a cash fee equal to 7% ...

Pegasus Resources Inc. is pleased to announce its intention to complete a non-brokered private placement for gross proceeds of up to C$1,500,000 . The Offering will consist of up to 9,375,000 units of the Company at a price of C$0.16 per Unit . Each Unit consists of one Common Share and one-half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.20 per Common Share for a period of 2 years from the closing date of the Offering. The Company will apply to list the Common Shares ) on the TSXV upon closing of the Offering. The net proceeds of the Offering will be used for exploration of the Energy Sands Uranium Project and the Jupiter Uranium Project, both in Utah, USA, and for general and working capital p...