Golden Spike Resources Corp. is pleased to announce that it has been awarded a grant of $95,691.86 under the Junior Exploration Assistance program by the Government of Newfoundland and Labrador. This grant will support the company's ongoing exploration activities on its key properties in Newfoundland. Highlights of the Grant: Amount Awarded: $95,691.86 Purpose: To assist with exploration work on Golden Spike's Gregory River project in Newfoundland. Impact: The grant will enable the Company to advance its exploration programs, including IP surveys, prospecting work, and drilling initiatives. Keith Anderson, President and CEO of Golden Spike Resources Corp., commented: "We are extremely grateful for the support from the Government of Newfoundland and Labrador through the JEA pr...

Hanstone Gold Corp. is pleased to announce that it has closed its previously announced loan transaction under which it has borrowed $725,000 from an affiliate of Mr. Gurbakhshish "Bob" Hans, a director of Hanstone. In August 2023, the Lender loaned $400,000 to Hanstone. The new Loan was conducted under an amended and restated loan agreement dated as of August 1, 2024 which contemplates total loaned funds of $1,125,000, being the Original Loan Amount and the Principal. The Lender loaned the Principal to the Lender pursuant to the Amended Loan Agreement. The Principal and the Original Loan Amount are repayable on August 1, 2027, and will accrue interest at 15% per annum, such interest calculated and payable annually in arrears. The Principal, the Original Loan Amount, and inter...

Fortune Bay Corp. is pleased to announce that it has increased and closed its previously announced private placement. The non-brokered private placement was closed for aggregate gross proceeds of $600,000, an increase over the $500,000 initially announced . The Company issued 2,727,272 units at a price of $0.22 per unit. Each unit is comprised of one common share and one-half common share purchase warrant, with each whole warrant exercisable into one common share of the Company at an exercise price of $0.30 per share for a period of two years. The Company intends to use the proceeds of the Offering to fund exploration and project development at Fortune Bay's Saskatchewan projects, and for general operating costs. Closing of the Offering is subject to the approval of the TSX V...

Abitibi Metals Corp. is pleased to announce the appointment of Norman Farrell to its board of directors, effective July 31, 2024 and appointment of Jan Urata as Corporate Secretary of the Company, effective July 16, 2024. Norman Farrell has sat on the board of numerous junior mining companies as the founder, officer and director starting in 1987. From 1993 he was president of Forexport Inc, a wholly owned subsidiary of Le Groupe Forex Inc, a public company and one of Canada`s leading Oriented Strand Board manufacturer, taken over in 1999 by the multinational forest industry company Louisiana Pacific Corp. Since 2001 he has been active in consulting work mainly in the forest industry. Norman is a resident of Montreal Quebec and is well connected with junior mining focused brok...

ROUYN-NORANDA, Québec, Aug. 02, 2024 -- Chibougamau Independent Mines Inc. , herein called Chibougamau, regrets to inform shareholders that TomaGold Corporations and Chibougamau have mutually agreed today to terminate the letter of intent dated August 11, 2023 pursuant to which TomaGold had an option to acquire Chibougamau's East Block , comprised of 127 mining claims in McKenzie, Obalski, Roy and Lemoine Townships, Québec, as announced on August 14, 2023 and extended as announced in press releases dated February 8, 2024 and April 12, 2024. The parties were unable to reach agreement on final terms that were commercially acceptable to each of them in order to move forward with the East Block Option. During the periods of extension of the Option, Chibougamau undertook two drill...

NeXGold Mining Corp. is pleased to announce that it will begin trading at market open on August 5, 2024 on the OTCQX Market under the new stock trading symbol NXGCF . The change in symbol on the OTCQX aligns with the Company's recently-announced name change from Treasury Metals Inc. to NexGold Mining Corp., as well as the change in ticker symbol on the TSX Venture Exchange to NEXG, which was effective as of Tuesday, July 10, 2024. No action is required by shareholders with respect to the ticker symbol changes. About NexGold Mining Corp. NexGold Mining Corp. is a gold-focused company with assets in Canada. NexGold's Goliath Gold Complex is located in Northwestern Ontario. For information on the Goliath Gold Complex, refer to the technical report, prepared in accordance with NI...

Harfang Exploration Inc. announces that Mr. Vincent Dubé-Bourgeois, a director of the Company, has been appointed Interim President and Chief Executive Officer as Mr. Richard Breger has temporarily stepped back as President and CEO of the Company for personal reasons. The Board of Directors and management will work closely with Mr. Dubé-Bourgeois to ensure the seamless continuation of the Company's activities. Mr. Breger has also resigned as a Director of Harfang. About Harfang Exploration Inc. Harfang Exploration Inc. is a well-financed technically driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario. The Company is managed by an experienced team of industry professionals with a proven track record of success and controls...

Greenridge Exploration Inc. , announces that further to its July 2, 2024 and July 25, 2024 news releases, the Company has closed the first tranche of its non-brokered private placement of flow-through units for aggregate gross proceeds in this first tranche of $750,798.40 . The Company has issued 853,180 FT Units at a price of $0.88 per FT Unit, with each FT Unit comprised of one common share of the Company issued on a flow-through basis under the Income Tax Act and one half of one Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common Share of the Company at a price of $1.15 for a period of 36 months from the date of issuance. The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible "Canadian exploration...

KWG Resources Inc. , which carries on business as The Canadian Chrome Company is pleased to announce the closing today of the first tranche of its previously announced private placement of up to $5,000,000 of Series CD-2024 convertible debentures . This first tranche was comprised of an aggregate of $1,488,150 of Debentures. The Company paid to the subscribers a premium equal to 20% of the original aggregate principal amount of Debentures by the issuance of an aggregate of 248,021 Units at a deemed value of $1.20 per Unit. The Company is extending the Private Placement and anticipates completing one or more additional tranches of the Private Placement in the near future. The Debentures are repayable at the Company's option at any time in whole or in part in cash on not less t...

PHILADELPHIA and PERTH, Australia, Aug. 2, 2024 /PRNewswire/ -- Acquisition is expected to provide safer, lower cost and more sustainable process pathways for lithium metal production using various grades of lithium carbonate Arcadium Lithium plc today announced it has acquired the lithium metal business of Li-Metal Corp. . The all-cash US$11 million acquisition includes the intellectual property and physical assets related to lithium metal production, including a pilot production facility in Ontario, Canada. Key personnel from Li-Metal's lithium metal business will be joining Arcadium Lithium as part of the acquisition. Maciej Jastrzebski, Li-Metal's co-founder and Chief Technology Officer, has entered into a consulting agreement with Arcadium Lithium to facilitate the trans...

Li-Metal completes all cash transaction for sale of lithium metal technology Transaction includes long term supply agreement for lithium metal to support anode development Li-Metal Corp. , a leading developer of lithium metal anode production technologies essential for next-generation batteries, is pleased to announce that it has completed today the sale of certain assets constituting its lithium metal production business to Arcadium Lithium plc . Pursuant to a definitive Asset Purchase Agreement dated August 2, 2024 , Li-Metal sold the assets for aggregate cash consideration paid today by the Purchaser of US$11,000,000. The Assets include all of Li-Metal's lithium metal production technology, including all related patents, proprietary know-how, and physical assets utilized i...

TomaGold Corp. will not proceed with the acquisition of the East Block from Chibougamau Independent Mines Inc. . "We were fully committed to acquiring the East Block and had financing proposals to complete the transaction. However, we were unable to reach agreement with Chibougamau on terms that were commercially acceptable to TomaGold," stated David Grondin, President and CEO of TomaGold. With respect to the West Block, TomaGold has received work commitment extensions to December 15, 2024, namely with SOQUEM Inc., Chibougamau and Globex Mining Enterprises Inc., as per the terms disclosed in the press release dated August 14, 2023. Annual General and Special Meeting The Corporation will hold its annual general and special meeting of shareholders on ...

Further to its news release dated July 10, 2024, Churchill Resources Inc. is pleased to announce the closing of its previously announced non-brokered private placement consisting of the sale of 50,000,000 units of the Company at a price of $0.05 per Unit for gross proceeds of $2,500,000. Each Unit was comprised of one common share of Churchill and one Common Share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at a price of $0.15 at any time prior to the date which is two years following the completion of the Offering. The Company intends to use the net proceeds from the Offering on the exploration of the Company's key nickel projects in Newfoundland & Labrador and for general working capital purposes. In connection with the Offering, the Comp...