Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to announce the signing of a property option agreement with Iconic Minerals, granting Gold Basin Resources a 50% interest in the New Pass gold property located in Nevada. This agreement encompasses 107 unpatented mineral claims.
Smith elaborated on the significance of the New Pass property, noting its hosting of the Carlin-type New Pass Gold-Silver deposit. The property boasts a historical Inferred Mineral Resource of 341,750 ounces of gold equivalent, with separate estimates for gold and silver. Notably, 75% of the deposit is oxidized, making it amenable to heap leaching, as demonstrated by previous metallurgical testwork. With mineralization open in all directions, there is substantial po...

NexGen Mining Inc. , today announced that effective as of March 31, 2024, it signed an extension to its non-binding letter of intent to acquire Electrum Copper Corp. for shares of the Company's common stock. Electrum is an exploration and development company and the owner of the Candela and Don Indio Projects, both located in Mexico. Pursuant to the extension, the parties have agreed to use their best efforts to enter into definitive agreements on or prior to December 31, 2024. The structure of the acquisition transaction, and the timing of the closing of the acquisition transaction, will be based on considerations relating to matters of applicable corporate, securities, tax and other applicable laws and regulations. The letter of intent is non-binding and the transaction is ...

EDM Resources CEO Mark Haywood joined Steve Darling from Proactive to provide an update on substantial progress the company has made regarding environmental compliance critical for the Scotia Mine's restart. The company has effectively completed three of the required four seasonal samplings of Atlantic Salmon DNA, following guidelines set by the Department of Fisheries and Oceans . Alongside these efforts, the team is conducting thorough reconnaissance to pinpoint additional potential sites for the necessary stream and river restoration. This initiative is a cornerstone of the comprehensive fish habitat offsetting strategy demanded by the DFO.
During the discussion, Haywood highlighted findings from the winter season DNA tests which confirmed the absence of Atlantic Salmon in ...

Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to unveil the outcomes of the company's exploration activities at the Silver Mountain Property located in Nevada. The exploration efforts encompassed geological mapping, sampling, and an orientation geochemical survey program at the Hidden Gulch showing on the property.
Power elaborated on the findings, highlighting significant results from both underground and surface sampling efforts. Underground chip sampling within the Silver Bowl Mine revealed notable grades, with results including up to 0.6 meters at 1,415 grams per tonne silver and 0.48% copper. Surface chip sampling also yielded promising results, with up to 0.4 meters at 1,245 g/t silver from a vein exposed in a pit near the southern end of the...

American Rare Earths Ltd. CEO Donald Swartz joined Steve Darling from Proactive to announce the results of a metallurgical study on the leaching extraction of Rare Earth Elements from Halleck Creek ore using low-temperature, direct acid leaching. The study, conducted by researchers at the Department of Mining and Minerals Engineering at Virginia Tech, was part of a three-year research contract awarded by the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy to Phinix, LLC, with American Rare Earth and Virginia Tech as team members.
Swartz highlighted that the positive results from the metallurgical study further confirm the findings of previous testwork carried out by Wood PLC. Independent technical studies, recently published and peer-reviewed, als...

Baselode Energy CEO James Sykes joined Steve Darling from Proactive to provide insights into the company's inaugural drill program and ANT geophysical survey on its Bear and Hook uranium projects, respectively, situated in the Athabasca Basin region of northern Saskatchewan.
Baselode Energy has identified three primary target areas for drilling, strategically located at the intersection points of NE-SW-trending layers and cross-cutting NW-SE-oriented structures. The Bear drill program, spanning 1,500 meters with 6 to 8 drill holes, will target 2 to 3 different areas. The helicopter-supported program ensures efficient drill targeting while minimizing environmental impacts. The company has secured the necessary permits to execute the program.
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Focus Graphite Inc. is pleased to announce it has closed a non-brokered private placement for total gross proceeds of $450,001.50. As part of the Offering, the Company issued 2,352,950 common shares on a flow-through basis at a price of $0.17 per Flow-Through Share and 312,500 units at a price of $0.16 per Unit to accredited investors. Each Unit is comprised of one common share and one common share purchase warrant . Each Warrant entitles its holder to purchase one common share at a price of $0.20 per common share until May 6, 2027. The securities issued in connection with the closing of the Offering are subject to a four-month hold period expiring on September 7, 2024. In connection with the closing of the Offering, the Company paid a cash finder's fee totaling $27,000.09 an...

Paris, May 7, 2024, 5:45 pm PRESS RELEASE Availability of the documents of the Ordinary and Extraordinary Shareholders' General Meeting to be held on May 30th, 2024 Eramet's shareholders are invited to participate in the Ordinary and Extraordinary Shareholder's General Meeting, which will take place on: Thursday, May 30th, 2024, at 10:00 a.m. , at Eramet's head office, 10 boulevard de Grenelle 75015 Paris. Detailed participation procedures are outlined in the Notice of Meeting Brochure and will be further specified in the Convening Notice. The prior Notice of Meeting including the agenda and draft resolutions has been published in the French official gazette on April 19th, 2024, and the Convening Notice will be published in the BALO on May 10th, 2024. Registered shareholders will receive t...

DFR Gold Inc. announces a restructuring of its ownership interests in the Gurara Gold Project in Nigeria and in the Kalaka Gold Project in Mali . The Company has entered into definitive agreements with Panthera Resources Plc. to exchange its 40% interest in the Kalaka Project for a further 25.5% ownership interest in the Gurara Project . Following the completion of the Restructuring, DFR will hold no interest in the Kalaka Project and its interest in the Gurara Project will increase from 25.5% to 51%. The remaining 49% of the Gurara Project is held by Zinariya Mining Limited and the project is operated by PW Nigeria Mining Limited . The restructuring and acquisition of the controlling interest in the Gurara Project does not involve any further consideration other than the disp...

Northern Superior Resources Inc. and ONGold Resources Ltd. are pleased to announce that further to the press releases dated April 2, 2024 and April 30, 2024 regarding receipt of conditional approval to list on the TSX Venture Exchange following the Company's transaction with Northern Superior which closed on April 26, 2024 , the Company has received final approval to list the Company's common shares on the Exchange. Under the policies of the Exchange, the Company will be classified as a Tier 2 Mining Issuer. The Company expects that the Common Shares will commence trading on the Exchange at the opening of the market on May 8, 2024 under the symbol "ONAU". Appointment of Kyle Stanfield to Board of Directors and as CEO The Company is also pleased to announce that Mr. Kyle Stanf...

Fortitude Gold Corp. today reported its first quarter 2024 results including $8.2 million net sales, $3.6 million in exploration expense, $2.9 million cash dividends to shareholders, $4.2 million mine gross profit, and a cash balance on March 31, 2024 of $41.9 million. The Company confirmed its previously announced preliminary 2024 first quarter production of 3,983 gold ounces as it awaits permit approval to mine deeper in the Pearl zone of the Isabella Pearl pit. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and substantial dividend yield. First Quarter 2024 Financial Results and Highlights $8.2 million net sales $0.00 per share, $2 thousand net loss $41.9 million cash balance ...

TSXV: EOX www.euromaxresources.com Euromax Resources Ltd. : is pleased to announce that on May 6, 2024 the Ontario Securities Commission , the Company's principal regulator, issued a full revocation of the failure-to-file cease trade order that it previously issued against the Company dated April 8, 2024 . The Revocation comes as a result of the Company filing the outstanding annual continuous disclosure filings that had triggered the issuance of the CTO , as further described in the Company's news release dated May 3, 2024. Copies of the Annual Filings are available on the Company's SEDAR+ profile at www.sedarplus.ca. The Company intends to apply to the TSX Venture Exchange for reinstatement for trading. However, there can be no assurance of the outcome of the TSXV's reinsta...

Cascada Silver Corp. is pleased to announced a non-brokered private placement of for aggregate gross proceeds of $1,500,000 . The net proceeds will be used for exploration activities on the Company's copper projects, working capital, and general corporate purposes. The Company has appointed Research Capital Corporation as the exclusive finder for the Offering. The Offering will consist of: common shares of the Company at a price of $0.013 per Common Share for up to $750,000 in gross proceeds; and subscription receipts of the Company at a price of $0.013 per Subscription Receipt for up to $750,000 in gross proceeds. Each Subscription Receipt will entitle the holder thereof, without payment of any additional consideration and without further action on the part of the holder, up...