Highlights Canada Nickel acquiring an 80% interest in Mann Property Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration program Canada Nickel Company Inc. is pleased to announce that it is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble Mineral Exploration Inc. as Canada Nickel consolidates its interests in bulk tonnage nickel projects east of Timmins, Ontario. The option terms include: Exploration expenditures of $1.7 million on the Property , Cash payment to Noble of $350,000 , Annual cash ...

Canterra Minerals Corp. is pleased to announce prospecting results from its Victoria Project, located in the central Newfoundland Mining District. The Victoria Project is located approximately 10 km southwest of the community of Millertown, approximately 8 km north of the Company's Bobby's Pond deposit, and approximately 25 km north of the Company's Lemarchant Project, which recently underwent a diamond drilling exploration campaign . Highlights: 18.65% Copper in massive sulphide grab sample from angular float 6.8% Copper in massive sulphide grab sample from outcrop Prospecting work demonstrates the high-grade copper-rich nature of the mineralization at the Victoria Project Victoria Project is located in the same geological setting as Canterra's resource-stage Bobby's Pond an...

VANCOUVER, BC, April 22, 2024 /CNW/ - The following issues have been halted by CIRO Company: Power Nickel Inc. TSX-Venture Symbol: PNPN All Issues: Yes Reason: Pending News Halt Time : 7:37 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 provi...

SC2 Inc. is pleased to announce that 16,899,224 common shares of Sherritt International Corp. , representing 4.25% of the Sherritt public float, have already been tendered to the previously announced offer by SC2 to purchase up to 21,621,621 common shares of Sherritt, at a price of $0.37 per common share . Only 4,722,397 common shares remain available for purchase under the Offer, which expires on May 3, 2024. SC2 expects to take up and pay for all the common shares tendered to the Offer no later than May 7, 2024. If more than the maximum number of common shares for which the Offer is made are delivered in accordance with the Offer and not withdrawn at the time of take up of the common shares, the common shares to be purchased from each depositing shareholder will be determine...

New Found Gold Corp. is pleased to announce that it has entered into a property purchase agreement with Labrador Gold Corp. providing for the sale by LabGold to New Found of a 100% interest in LabGold's Kingsway Project , located in Gander, Newfoundland and Labrador, as well as certain related assets of LabGold . As consideration for the Purchased Assets, New Found will issue to LabGold such number of common shares in New Found equal to CDN$20,000,000 divided by the closing price of the Shares on the TSX Venture Exchange on the last trading day prior to the closing date of the Transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422537394/en/ Figure 1: Location of the Kingsway Project Greg Matheson, COO o...

AbraSilver Resource Corp. is pleased to announce that it has entered into subscription agreements in respect of a strategic C$20 million non-brokered private placement of AbraSilver common shares with Kinross Gold Corporation and an affiliate of Central Puerto SA at a subscription price of C$0.40 per Common Share . Highlights Each of Kinross and Central Puerto have entered into a subscription agreement with AbraSilver pursuant to which they will each invest C$10 million, resulting in aggregate gross proceeds of C$20 million to the Company. The Company will issue an aggregate of 50,000,000 Common Shares at a subscription price of C$0.40 per Common Share, representing approximately a 3% premium to the closing price of the Common Shares on April 19, 2024. Upon closing of the Pri...

Pasinex Resources Ltd. , announces today that the Company is anticipating a slight delay in filing its annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2023 , by the filing deadline on April 29, 2024 , as required by National Instrument 51-102 Continuous Disclosure Obligations. The reason for the anticipated delay is due to a regulatory required change in the component auditor located in Türkiye responsible for part of the Company's financial year 2023 audit. The new auditor has taken a longer time to complete the audit of the Company's joint venture caused partially by general delays in obtaining financial information on a timely basis from the Company's joint venture. Pasinex will continue working closely with...

Wesdome Gold Mines Ltd. today announces the resignation of Michael Michaud, Senior Vice President, Exploration and Resources. Mr. Michaud will be stepping down effective July 11, 2024, to pursue another opportunity within the precious metals sector. "I would like to thank Mike for his dedication and significant contributions to the Company over the last six and a half years. He has played a pivotal role in the delineation and expansion of the Kiena Deep discovery, and more recently the development and implementation of industry-leading best practices and processes," stated Anthea Bath, President and CEO. "On behalf of the Board and everyone at Wesdome, I would like to express our sincere gratitude to Mike for his leadership and commitment and wish him all the best in his futur...

Red Pine Exploration Inc. is pleased to announce that Michael Michaud will be joining Red Pine as its President & Chief Executive Officer and as a member of its board of directors . Mr. Michaud is a Professional Geologist with over 30 years of experience in domestic and international gold exploration and mining that includes a broad range of deposit types within North and South America, Africa, Asia and Europe. Michael was responsible for developing and implementing regional and mine-site exploration strategies to discover new deposits and to expand mineral resources and reserves around existing mines. Mr. Michaud has served as SVP, Exploration and Resources at Wesdome Gold Mines Ltd. since 2017 and, before that, served as Iamgold Corporation's Chief Geologist responsible for...

Labrador Gold Corp. is pleased to announce that it has entered into a property purchase agreement with New Found Gold Corp. , whereby NFG will acquire a 100% interest in the Kingsway Project, including all property and mining rights associated with the property, in exchange for $20,000,000 CAD payable and satisfied by the delivery to LabGold of such number of NFG Common Shares determined by dividing the Purchase Price by the closing price of the NFG Common Shares on the TSX Venture Exchange on the last trading day prior to the closing of the Transaction. The Consideration Shares will be subject to a resale restriction of four months and one day from the closing of the Transaction. "The LabGold team has worked hard over the last four years to generate and test ta...

Sparton Resources Inc. is pleased to announce that Eldorado Gold Corporation has, effective April 18, 2024, exercised its option to acquire from Sparton an initial 75% interest in the Bruell gold project, east of Val D'Or, Québec. Further Option Extension Sparton and Eldorado have executed, effective April 18, 2024, a further amendment to the original Option Agreement to delete the twenty business day further option period and replace it with a seventy-five business day option period for Eldorado to implement the joint venture or decide if it wishes to acquire all of the remaining Sparton 25% interest for a combination of a $1.8 million cash payment and a residual 2% Net Smelter Return royalty. Fifty percent of the NSR can be purchased by Eldorado for $2.5 million at any time...

Highlights Canada Nickel is exercising its option to earn an 80% of the Mann Township mining claims is pleased to announce that Canada Nickel Company is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble in the Timmins area of northern Ontario. The option terms included: Exploration expenditures of $1.7 million on the Property, Cash payment to Noble of $350,000 , Annual cash payments to Noble of $100,000 , Underlying NSR rights to previous claim optionors and to Noble . Vance White President and CEO of Noble commenting on the exercise of the option said, "We are very pleased for Canada Nickel to be earning the 80% interest in the Mann Project, and also pleased with the exploration results encountered to date. We very much look forward to seeing how the...

Pacific Empire Minerals Corp. , a British Columbia copper-gold explorer, announces a fully subscribed, non-brokered, private placement financing 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000 . Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.08 per Common Share for a period of 36 months from the closing date of the Offering. The funds will be used for exploration on its flagship Trident copper-gold-silver porphyry project and for general working purposes. Closing of the Offering is expected to occur on or around April 30, 2024 and is subject to all necessary approvals, including the approval ...