TORONTO and MARSEILLE, France, April 30, 2024 /CNW/ - Foraco International SA , a leading global provider of mineral and water drilling services, today announced its first quarter 2024 results. All figures are expressed in US Dollars unless otherwise indicated. Revenue Revenue: US$ 77.1 m compared to US$ 88.4 m in Q1 2023 . Q1 2024 revenue is the second-best Q1 quarter of the last decade . During Q1 2024, several customers postponed the resumption of activities in January compared to 2023 which was partially recovered in the second part of the quarter. Profitability Gross Margin: US$ 16.8 m, or 21.8% of revenue EBITDA: US$ 17.6 m, or 22.8% of revenue Net Profit: US$ 8.5 m, or 11.0% of revenue EPS to equity holders: 8.78 US cents vs 6.56 US cents in Q1 2023 Tim Bremner, CEO of...

PTX Metals Inc. is pleased to provide an update of the Spring 2024 exploration work programs on the South Timmins Mining Joint Venture gold properties. The properties include the Shining Tree, Heenan and Mallard gold projects, all located along the Ridout-Tyrell Deformation Zone in Ontario's mineral-rich Abitibi greenstone belt. The South Timmins JV will continue with a prioritized program which will start in May and prepare for drilling at the projects later in 2024. The work program will continue to follow a comprehensive strategy following the successful results reported from the first three programs, completed in 2023 and 2024, which validated the exploration strategy and included a new gold discovery in the Swayze Greenstone belt at Heenan and the confirmation of high-gra...

Freeport Resources Inc. is pleased to announce that it has closed the second tranche of its non-brokered private placement offering for gross proceeds of $787,761. In connection with completion of the second tranche of the Offering, the Company has issued 15,755,217 units at a price of $0.05 per Unit. Each Unit consists of one common share, and one-half-of-one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the Company at a price of $0.25 until April 29, 2026. In connection with completion of first tranche of the Offering, the Company paid finders' fees of $14,000 and issued 280,000 share purchase warrants to certain arms-length parties who assisted in introducing subscribers to the Offering. All securities issued...

Lara Exploration Ltd. is pleased to announce that it has agreed with Vertical Mineração Limitada., to settle the lawsuit and recover the Curionopolis Iron Project, which has now been transferred back to Lara's Brazilian subsidiary. The Curionópolis Iron Project comprises a 1,348-hectare license area, covering iron formations located in the Carajás District of northern Brazil that was optioned to Vertical in 2009 for staged cash payments and production royalties. Vertical completed exploration drilling, resource estimates, economic and environmental studies, but defaulted on its payment obligations to Lara. Lara initially filed for arbitration in 2016 which was contested, and then embarked upon legal action in 2022. About Lara Exploration Lara is an exploration company followin...

Western Uranium & Vanadium Corp. is pleased to announce that George Glasier, Chief Executive Officer, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, today April 30th. Western invites individual and institutional investors, advisors and analysts, to attend online at VirtualInvestorConferences.com DATE: Tuesday April 30, 2024 TIME: 11:30am ET / 9:30am MT LINK : https://bit.ly/3ISIVUN This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online syst...

Molten Metals Corp. announces that it has entered into an agreement to sell its Slovakian mining assets to an arm's length private company in consideration for $85,000 and a royalty of one percent on production revenue. The agreement provides that the Company will have the right to sell the royalty to the purchaser after one year and prior to three years from the date of the Agreement for $162,800, and thereafter the purchaser will have the right to acquire the royalty for $285,000 prior to production. The Company is continuing to focus on its West Gore property located in Nova Scotia, Canada, and is seeking other opportunities. The Company further announces a proposed share consolidation in the range of ten existing shares to fifty existing shares for each consolidated share...

Forge Resources Corp. announces the SEDAR filing of Interim Financial Statements and MD&A for the second quarter ended February 29, 2024. Key milestone dates for the three and nine months ended February 29, 2024: April 18, 2024 - the Company changed its name and ticker symbol from Benjamin Hill Mining Corp. to Forge Resources Corp. . April 18, 2024 - announced target areas for drill program to commence in the spring of 2024 consisting of 5 drill holes for a total of 2,500 metres as part of the continuation of the fall 2023 diamond drilling program. Additionally, the Company announced the staking of 18 new claim blocks, totalling approximately 376 hectares. The Alotta property now consists of a total of 96 mineral claims that cover approximately 1,926 hectare...

World Copper Ltd. . Appointment of Gordon Neal, Keith Henderson and Jonathan Lotz as Directors The Company announces the appointment of Messrs. Gordon Neal, Keith Henderson and Jonathan Lotz as directors of the Company effective April 24, 2024, and the resignations of Messrs. Patrick Burns and Roberto Fréraut as directors. The Company wishes to thank Mr. Burns and Mr. Fréraut for their invaluable contributions to the board, they will remain with the Company as advisors. Gordon Neal As previously reported on January 23, 2024, Mr. Neal is a distinguished professional in the metals and mining industry, with a comprehensive background in capital markets, corporate governance, finance, and investor relations. In his most recent executive tenure as the CEO & Director of [wp=3954]Ti...

Surge Battery Metals Inc. is pleased to announce that the company has contracted with Boart Longyear, a recognized leader in the mining industry, to provide drilling services for the upcoming 2024 drill program at the Nevada North Lithium Project . During the 2024 program, which is scheduled to begin by the end of May 2024, Surge intends to drill eight reverse circulation holes to further expand and define the lateral and vertical extent of the NNLP deposit. The recently announced surface access agreement with the Salmon River Cattlemen's Association will facilitate testing the known geophysical footprint for lithium mineralization 1km to the west and up to a 1.2km to the south of the 2024 maiden resource area. Surge continues to execute its 2024 operating plan. In addition t...

Northwest Copper Corp. is pleased to provide a further update on the Company and announces that Harry Burgess has been appointed as Technical Advisor to the Board effective immediately. Mr. Burgess, P.Eng., has 44 years of experience in the mining industry. Mr. Burgess was a co-founder of Micon International Limited, in 1988, and now continues, on a part time basis, as an Associate Consultant. Mr. Burgess has been engaged in consulting since 1980, when he joined the staff of David. S. Robertson & Associates. Prior to that time, he gained experience in senior positions in the copper industry of Zambia and gold mining in South Africa. Mr. Burgess serves on Boards and Technical Advisory Committees for public companies and has been a member and Chairman of Audit Committees. To th...

Lithium South Development Corp. is pleased to announce it has today filed on SEDAR plus, its Preliminary Economic Assessment following the summary results previously announced March 03, 2024. The report titled, N.I. 43-101 Preliminary Economic Assessment Hombre Muerto North Lithium Project, Salta, Argentina, was completed by Knight Piesold Consulting and JDS Energy and Mining Inc., both industry leading independent engineering consulting firms. The PEA Report provides support for Lithium South to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant, located at its wholly owned, Hombre Muerto North Lithium Project in Salta, Argentina. The extraction and recovery process for the project is based on conventional solar evaporation of the well brine,...

Hot Chili Ltd. is pleased to announce that it has filed financial reports for the quarter ended 31st March 2024. The complete report is available under the Company's profile at www.asx.com, www.sedar.com and on Hot Chili's website . Highlights include: Costa Fuego Indicated Copper-Gold Resource Increases to Approx. 798 Mt Mineral Resource has seen a 6% increase in copper-equivalent1 contained metal in the Indicated Resource and a 9% increase in CuEq contained metal in the higher-grade component of the Indicated Resource Over 85% of Costa Fuego's CuEq contained metal is now classified as Indicated - strong platform to deliver a maiden Mineral Reserve for Costa Fuego Pre-feasibility study expected to be completed in H2 2024 Hot Chili Delivers Water S...

VANCOUVER, B.C. , April 30, 2024 /CNW/ -- Lithium South Development Corp. is pleased to announce it has today filed on SEDAR plus, its Preliminary Economic Assessment following the summary results previously announced March 03, 2024. The report titled, N.I. 43-101 Preliminary Economic Assessment Hombre Muerto North Lithium Project, Salta, Argentina, was completed by Knight Piesold Consulting and JDS Energy and Mining Inc., both industry leading independent engineering consulting firms. The PEA Report provides support for Lithium South to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant, located at its wholly owned, Hombre Muerto North Lithium Project in Salta, Argentina. The extraction and recovery process for the project is based on convent...