Further to the news release of April 17, 2024, Awalé Resources announces further details and an increase regarding the participation right of its current shareholder. The shareholder has the right to maintain its percentage holding post offering. In order to account for the full ‎Underwritten Offering , a maximum of approximately 3,989,323 Units at a price of $0.62 ‎per Unit may be issued to this shareholder for proceeds of approximately ‎‎$2,473,380, which is an increase of 1,021,403 ‎Units from the April 17, 2024 news release.‎ There is no assurance the shareholder will exercise the full participation right.‎ The Units are identical to those announced in the April 17, 2024 news release. This news release does not constitute an offer to sell or a solicitation o...

Unigold Inc. announces that the Company intends to extend the expiry dates of a total of 24,062,500 share purchase warrants to December 31, 2024 . Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.30 per common share and all other terms of the Warrants, including exercise price, will remain the same. The Warrants were issued pursuant to the following private placements: 16,053,750 warrants, including 528,750 warrants issued to insiders, were issued pursuant to a private placement which closed on May 16, 2023 8,008,750 warrants, including 850,000 warrants issued to insiders, were issued pursuant to a private placement which closed on May 10, 2023 The Company has made an application to the TSX Venture Exchange in respect of the ...

European Energy Metals is pleased to announce that beginning in May, it will begin conducting gold exploration on its Northern Finland portfolio of projects. The Company currently holds 5 individual mineral reservations covering approximately 300,000 ha primarily in the Central Lapland Greenstone Belt in Northern Finland . The Company also continues to advance its lithium exploration targets on the Nabba and Nabba 2 Exploration Licences recently granted . Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9006/206151_33a5ae5284895bf4_001full.jpg The Paleo-Proterozoic Greenstone Terrane of Northern Finland is comprised of multiple greenstone belts including the CLGB which hosts world-class gold and base metal deposits . The belt's poten...

Century Lithium Corp. reports that the Feasibility Study on the Company's Clayton Valley Lithium Project , in Nevada, USA, under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the Company anticipates its announcement imminently. To date, the Company's Feasibility Study team has revised and updated estimates for a phased production approach at the Project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium hydroxide produced by the chlor-alkali plant. The Company's Lithium Extraction Facility in Amargosa Valley, Nevada is now in its third year of testing the processing of lithium-bearing claystone from the Project. All data collected has been ess...

Abitibi Metals Corp. CEO Jonathon Deluce joined Steve Darling from Proactive to unveil the company's first comprehensive 3D geological model for the B26 Polymetallic Deposit in Quebec. This milestone follows the company's entry into an option agreement with SOQUEM Inc., through which Abitibi Metals Corp. aims to earn an 80% interest in the B26 Polymetallic Deposit over a period of seven years.
Deluce shared with Proactive that this newly developed 3D geological model represents a significant advancement in the understanding of the geological controls of mineralization within the B26 Deposit. The model is expected to bolster confidence in mineral potential evaluation and refine ongoing drill planning initiatives. According to the model, the footprint of the depos...

U.S. Gold Chairman Co-Founder Luke Norman joined Steve Darling from Proactive to announce the company's entry into a securities purchase agreement with certain investors, resulting in total gross proceeds of approximately $4.9 million dollars from pre-existing shareholders. This infusion of capital enhances U.S. Gold's financial position as it approaches a significant milestone-the anticipated receipt of a mining permit by the end of the second quarter of this year.
Norman emphasized that this additional capital will support further exploration and development of their projects. He highlighted the company's anticipation of pivotal changes in the upcoming months, particularly with the expected mining permit, which could substantially enhance the company's value p...

Silver Mountain Resources Inc. , is pleased to announce that it has upsized its previously announced public offering of units to up to $9,000,035 from $7,502,000, at a price of $0.11 per Unit. If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately $10,350,040. Each Unit is comprised of one class A common share in the capital of the Company and one Common Share purchase warrant . Each Warrant shall entitle the holder to acquire an additional Common Share for a period of 48 months, at an exercise price of $0.135. The Offering is being conducted on a "best efforts" agency basis pursuant to an agency agreement entered into on April 18, 2024 among the Company and Eight Capital and SCP Resource Finance LP . The Company ...

Loyalist Exploration Ltd. announces that it has amended its proposed non-brokered private placement financing of up to 15,000,000 common shares of the Company at a price of $0.01 per Share for proceeds of up to $150,000. The Offering is amended to lower the price per Share to $0.005 and increase the number of Shares to 30,000,000. The Canadian Securities Exchange has exempted the Company from pricing requirements in the CSE policy. This exemption has been authorized on a onetime only basis, and the Offering will not be extended. The proceeds of the Offering will be used for working capital and general and administrative purposes. In connection with the Offering, the Company may pay finder's fees equal to 7% of the gross proceeds in cash and issue non-tra...

Sanu Gold Corp. is pleased to announce that drilling has begun at the Company's flagship Bantabaye Project , located on the prolific western margin of the Siguiri Basin of Guinea, West Africa. A reverse circulation rig is currently operational with a fully funded initial 3,500 m of drilling underway with 35 holes planned. Highlights Drilling has Commenced: Three holes have been completed at Target 2 in the vicinity of hole BANT-RC-002 which intersected 11.5 g/t Au over 15 m1. . Extensive Drilling Planned: The Company has planned an initial 3,500 m of RC drilling in approximately 35 holes to both define footprints of gold mineralization and to test at depth of Target 2. Initial Focus on Target 2: The first 35 holes are planned to both immediately and aggressively step-out from...

Myriad Uranium Corp. is pleased to announce that its earn-in partner Rush Rare Metals Corp. , again guided by proprietary data, has acquired the historic Bonanza and Kermac/Day uranium mines at Copper Mountain . Various proprietary documents in Myriad's possession indicate that the Bonanza Mine produced around 780,000 lbs from 30,000 tons of ore at a grade of 1.3% eU3O8, while at the Day Mine, 1,152 tons of ore were mined at grades of between 0.12% and 0.56% eU3O8 in the early 1960's . "Bonanza-Kermac" aggregates 280 acres, and its acquisition increases the area subject to Myriad's 75% earnable interest under the property option agreement between Myriad and Rush from 3,605 acres to 3,886 acres. Figure 1: Current Copper Mountain Project Area including Bonanza-Ker...

BacTech Environmental is pleased to announce the appointment of Carolina Orozco to its Board of Directors, effective immediately. Ms. Orozco brings a wealth of experience and expertise to BacTech, with a proven track record of success in the Ecuadorian mining space. She joins the board at an exciting time as BacTech continues to pursue the financing to build its Company owned bioleach processing plant in Tenguel, Ecuador. Presently, Carolina is the President of the Board of Directors of the Mining Chamber of Ecuador. In addition, she has a dual background in environmental engineering and law, two master's degrees in environment and safety for extractive industry projects as well as an MBA from the University of Barcelona. She is also...

Capitan Silver Corp. is pleased to announce it has closed its private placement of common shares . The Private Placement was over-subscribed with the Company issuing 13,466,667 Shares at a price of C$0.15 per Share for gross proceeds of C$2,020,000.00. The financing was led by a strategic investment from Construplan , who upon closing of the transaction will own 9.92% of the Company. In addition to the investment from Construplan, Capitan received strong support from its largest shareholders including Michael Gentile, CFA, who upon closing will own 16.66% of the company. In total, management and insiders accounted for approximately 13.4% of the financing. Capitan intends to use the net proceeds from the Private Placement to continue to advance the Cruz de Plata gold-silver pr...

Gold79 Mines Ltd. announces that further to its news release dated April 11, 2024, Gold79 has received approval from the TSX Venture Exchange for its one-for-10 share consolidation. The consolidation will be effective at market open on April 22, 2024. The Company name will be unchanged and its common shares will continue to trade under the symbol AUU on the TSX Venture Exchange and under the symbol AUSVF on the OTC Markets. In accordance with the articles and bylaws of the Company, the consolidation was approved by the board of directors of the Company, and shareholder approval is not required. Gold79's board of directors concluded that the Company's existing issued and outstanding common share structure is not conducive to securing additional equity financing at levels requir...