The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $0.45 per Common Share. The dividend is payable to holders of record at the close of business on March 28, 2024 and is to be paid on April 26, 2024. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC and a 10 cent per tonne commission on all iron ore products produced and sold by IOC. SOURCE Labrador Iron Ore Royalty Corp. Contact John F. Tuer, President & Chief Executive Officer, 362-0066, E-mail- investor.relations@labradorironore.com...

Corsa Coal Corp. , a premium quality metallurgical coal producer, today reported financial results for the three months and year ended December 31, 2023. Corsa has filed its audited consolidated financial statements for the years ended December 31, 2023 and 2022, related management's discussion and analysis and its annual information form under its profile on www.sedarplus.ca. Unless otherwise noted, all dollar amounts in this news release are expressed in United States dollars and all ton amounts are short tons . Pricing and cost per ton information is expressed on a free-on-board , mine site basis, unless otherwise noted. Fourth Quarter and Full Year 2023 Highlights Key financial results and operational statistics are shown below: For the three months ended For the years en...

Canadian Critical Minerals Inc. is pleased to report that it has received additional revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine project near Cranbrook, BC. During the month of February 2024, the Company trucked 897 wet metric tonnes of mineralized material to New Afton under an Ore Purchase Agreement and the Company received a provisional payment of approximately US$66,000 for the February shipments. To-date the Company has trucked 977 wmt of mineralized material from the BRM to New Afton. The Company temporarily suspended trucking following the imposition of road restrictions in the last week of February. Road restrictions to 70% of normal loads has a negative impact on the economies of trucking. T...

Desert Mountain Energy was not able to file its annual audited financial statements for the year ended September 30, 2023 and its related MD&A, and other documents as set out in its news release of Jan 30, 2024. At this time, the Company is continuing to work on the Required Filings and has no further information on this matter. The Company still anticipates that it will be in a position to remedy the default by filing the Required Filings no later than March 29, 2024. The MCTO will be in effect until the Required Filings are filed. ABOUT DESERT MOUNTAIN ENERGY Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and conde...

Astra Exploration Inc. is providing the following update on the private placement financing previously announced on January 18, 2024. The Company expects to close the financing on or before April 10, 2024. The proceeds will be used for exploration activities on Astra's flagship Pampa Paciencia project in Northern Chile and for general working capital. About Pampa Paciencia Pampa Paciencia is a 3,840 hectare road-access project hosting a large low sulphidation epithermal gold-silver system and large porphyry copper target located in one of the most important mining jurisdictions in the world - less than 15 kilometres from two major mines and about five kilometres from the Faride LSE mine. Astra has completed drilling, mapping and sampling, geophysical surveys, and localized tr...

ABIDJAN, Côte d'Ivoire, March 12, 2024 /CNW/ - Montage Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement, pursuant to which the Company sold an aggregate of 50,300,000 common shares of the Company at a price of C$0.70 per Common Share for gross proceeds of approximately C$35.2 million , which was upsized from C$20.0 million. Martino De Ciccio, CEO of Montage Gold, commented, "We are very pleased with the strong investor demand received for our upsized non-brokered private placement, led by a significant investment from the Lundin Family along with notable investments from directors and officers of Montage. We look forward to progressing our strategy of building a premier multi-asset African gold producer, with our Kon...

Dixie Gold Inc. announces that it intends to conduct a non-brokered private placement to raise capital, as further set by the parameters of its market-traded price. The Corporation intends to conduct a non-brokered common share unit financing consisting of up to 5,000,000 common share units to be issued at a price of $0.05 per Unit. Each Unit will consist of one common share of the Corporation and one common share purchase warrant that entitles the holder of a Warrant, upon further payment to the Corporation, to acquire one additional common share of the Corporation at an exercise price of $0.05 per Warrant Share on any date prior to the date which is 60 months following the closing date of the Financing or tranche thereunder. The Corporation intends to use the proceeds o...

Wesdome Gold Mines Ltd. today announces its results for the fourth quarter and year ended December 31, 2023. The Company is also providing its updated Mineral Reserve and Resource statements. Preliminary operating results for the fourth quarter and year ended 2023 as well as multi-year production and operating guidance were disclosed on January 15, 2024. Management will host a conference call tomorrow, Wednesday March 13 at 10:00 a.m. Eastern time to discuss the results. All figures are expressed in Canadian dollars unless otherwise indicated. Fourth Quarter and Full Year 2023 Highlights Gold production in the fourth quarter was 36,216 ounces at cash costs of $1,451 per ounce1 and all-in sustaining costs of $2,082 per ounce1 . For the full year 2023, gold production was 123,33...

Rare Element Resources Ltd. is pleased to report that its previously announced rights offering of common shares was oversubscribed and generated approximately US$35.8 million in gross proceeds. Because the rights offering, which expired on March 11, 2024, was oversubscribed, the shares available for issuance will be allocated proportionately among shareholders who exercised their oversubscription privileges based on the number of shares each shareholder subscribed for under its basic subscription privilege. Any excess subscription payments received by the subscription agent will be returned by the subscription agent to investors, without interest or deduction. Preliminary results indicate that, pursuant to the rights offering, the Company will be issuing approximately 298.1 mi...

Collective Mining Ltd. is pleased to announce assay results for two holes drilled into the Apollo Porphyry System at the Guayabales Project in Caldas, Colombia. Both holes increased the overall dimensions of Apollo with APC-92 expanding the southern portion of the system to the east and the west while APC-93 expanded the system in the north. The company presently has three drill rigs operating at the project with holes being drilled at the Apollo, Olympus Deeps and Trap targets respectively. A fourth rig has been mobilized to the Box target with drilling expecting to begin in April. Ari Sussman, Executive Chairman commented: "We continue to see exciting results across the various targets at our Guayabales project as our aggressive 40,000 metre drill program for 2024 takes sha...

Golden Cariboo Resources announces that, further to its news release of January 22, 2024, the company will be applying to close tranche two of the non-brokered private placement in the amount of $709,000. After the CSE review period has elapsed a total of 7,090,000 Units at a price of $0.10 per Unit, will be issued. Each Unit will consist of one common share and one-half share purchase warrant; each full warrant is exercisable for a period of 5 years from the closing at exercise prices as follows: $0.12 in year one, $0.14 in year two, $0.16 in year three, $0.18 in year four, and $0.20 in year five. This is the final tranche. The private placement was fully subscribed with total gross proceeds of $2,000,000. None of the f...

Madison Metals Inc. is pleased to announce that it will be proceeding with a private placement financing consisting of the sale of up to 10,000,000 units in the capital of the Company at a price of CDN$0.35 per Unit for aggregate gross proceeds of a minimum of CDN$1,000,000 and a maximum of CDN$3,500,000 . Each Unit consists of one common share and one-half common share purchase warrant . Each full Warrant entitles the holder thereof to purchase one Common Share in the capital of the Company for a price of CDN$0.50 for a period of eighteen months from the date of the closing. A finder's fee may be paid in the amount of 6% cash and the issuance of broker warrants equal to 6% of the Units issued in the Offering, with each broker warrant entitling the holder to acquire one commo...

ATEX Resources Inc. is pleased to announce that it has granted an aggregate of 775,929 restricted share units to certain officers and employees as a 2023 annual performance award, all in accordance with its restricted share unit plan. The RSUs vest over a two-year period. About ATEX ATEX is exploring the Valeriano Copper Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol , Josemaria , Los Helados , La Fortuna and El Encierro . Valeriano hosts a large copper gold porphyr...