Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three and twelve months ended December 31, 2023. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Highlights for Fiscal 2023: Generated revenue of $130.5M compared to $138.6M, a 6% decrease compared to Fiscal 2022; Recorded net income of $3.8M, or $0.08 per share compared to $18.8M, or $0.41 per share in Fiscal 2022; Generated EBITDA of $20.6M, or 16% of revenue, compared to $38.4M, or 28% of revenue for Fiscal 2022; Ended the year with net cash of $3.7M; Ended the year with a net tangible book value per share of $2.34 or CAD 3.11; Continued to d...

Luca Mining Corp. reports the following updates on its operations in Mexico and Management changes. Tahuehueto Construction of the Tahuehueto gold and silver mine in Durango, is nearing completion with final components to be installed in early Q2 2024. Commissioning is well underway and will be completed as the final circuit components are installed. The mine plan calls for the ramp-up to an approximate 1,000 tonne per day operation during 2H 2024 which is rapidly being achieved. Throughput levels are averaging approximately 65% of nameplate capacity and will progressively increase as ramp-up continues, resulting in higher concentrate production and generating additional revenue for the Company. The mine achieved a new daily production record of 655 tonnes this week. C...

Strategic Resources Inc. is pleased to announce that it has entered into a services agreement with Red Cloud Financial Services Inc. pursuant to which, among other things, RSFC has agreed to provide certain promotional services to the Company in accordance with Policy 3.4 of the TSX Venture Exchange . RCFS' engagement is for an initial term of three months . The Agreement will transition to a month-to-month basis following the Initial Term. For the Initial Term the Company shall pay RCFS an aggregate fee of $30,000. RCFS provides promotional services on behalf of the Company across the country. Through RCFS' engagement, the Company hopes to promote awareness of the Company and its activities. There are no performance factors contained in the Agreement and RCFS will not receiv...

Defense Metals Corp. is pleased to announce that samples of mixed rare earth carbonate have been shipped to two major Rare Earth Element companies. Samples generated by SGS Canada Inc. in Lakefield, Ontario during 2023 hydrometallurgical piloting test work performed on concentrate produced by earlier flotation pilot plant testing of a 26-tonne bulk sample taken from the Company's wholly-owned Wicheeda deposit have now been sent to almost every REE separator in the world. MREC samples shipped to the recipients are independently verifying the high-quality of the REE product from the Wicheeda deposit, and further establishing Defense Metals' Wicheeda REE Project as a critically important, future North American source of rare earths. Craig Taylor, CEO of Defense Metals, commented...

Grounded Lithium announces a number of corporate matters today. The Company engaged Koch Technologies Solutions a number of months ago to perform certain treatability studies on the Company's brine resources. This was performed with exceptional results and largely moved GLC to select KTS as our chosen extraction technology solution. The fees associated with this testing have been agreed to by Company and officials at KTS to be satisfied with Class A common shares ("Common Shares") of the Company. A total of 1,665,354 common shares, representing 2.1% of the pro-forma outstanding Common Shares will be issued to an affiliate of KTS. These shares will be subject to a four-month statutory hold period.

Magna Mining Inc. is pleased to provide an update on the permitting and approval process for the Crean Hill Project. On February 29 2024, Magna received confirmation that the amended Closure Plan for the Crean Hill Project had been filed with the Ontario Ministry of Mines. This allows Magna to move forward with an advanced exploration plan, which includes a surface bulk sample and development of a ramp from surface to perform test mining in the 101 Footwall, 109 Footwall and Intermediate mineralized zones . The tonnage of the mineralized rock from the surface and underground test mining is outlined as 400,000 tonnes. This test mining material would be crushed on surface, sampled, and shipped to a third-party mill for processing. Magna expects to have processing agreements fin...

Pan American Silver Corp. today announced that the Toronto Stock Exchange has accepted the Company's notice of its intention to make a normal course issuer bid to purchase up to 18,232,990 of its common shares, representing up to 5% of Pan American's issued and outstanding shares as at February 29, 2024. Purchases pursuant to the Bid will be made on the open market through the facilities of the TSX and the New York Stock Exchange and alternative trading systems in Canada and the United States. The period of the Bid will begin on March 6, 2024 and will continue until March 5, 2025 or an earlier date should the Company complete its purchases. Pan American will pay the market price at the time of acquisition of any common shares in accordance with the rules and policies of the TSX and NYSE an...

Monarch Mining Corp. announces that it has entered into binding agreements for the sale of its Beaufor, McKenzie Break and Swanson properties . The Transactions are the culmination of the Corporation's previously announced court-approved sale and investment solicitation process carried out by PricewaterhouseCoopers Inc. in its capacity as Monitor in the Corporation's ongoing proceedings pursuant to the Companies' Creditors Arrangement Act . The Corporation has entered into an asset purchase agreement with Probe Gold Inc. for the sale of the Beaufor Property and the McKenzie Break Property to Probe. The Corporation also entered into an asset purchase agreement with Bullrun Capital Inc. for the sale of the Swanson Property to Bullrun. These agreements are subject ...

Highlights: The Beaufor Property is within the Company's Novador property boundaries and currently hosts a high-grade, measured and indicated gold resource of 219,200 ounces of gold at 5.3 g/t and inferred mineral resource of 122,500 ounces of gold at 4.7 g/t. Upon closing of the transaction, Probe will own all of the Courvan Gold Trend, which includes the Courvan, Senore and Beaufor deposits. The trend contains significant exploration upside, which will be the focus going forward in 2024 and 2025. The McKenzie Break Property is proximal to the Company's Novador Project and hosts a current, higher-grade indicated gold resource of 146,000 ounces of gold at 3.2 g/t, with an inferred mineral resource of 250,600 ounces of gold at 3.1 g/t. The property has significant exploration upside, and ou...

SLR Consulting appointed on behalf of prospective lenders to provide environmental and social due diligence. GoviEx has expressions of interest representing over USD 200 million of potential project related debt finance for the Madaouela Uranium Project. Continued dialog with North American, European and African institutions including export credit agencies, development finance institutions and commercial banks. GoviEx Uranium Inc. , is pleased to announce that lender due diligence for the Madaouela uranium project has commenced with the appointment of SLR Consulting on behalf of prospective lenders. The due diligence will evaluate environmental and social risks and ensure compliance with relevant regulations and international standards to meet lender requirements for project...

Madison Metals Inc. is pleased to announce additional assay results from the 2024 surface trench sampling program at the Company's Khan Project in Namibia's highly prospective Erongo uranium province. The first 10 results released on Feb. 7, 2024 included 8.47% U3O8 over one metre in Trench 6 . The new results from Trench 6 have expanded the anomalous width to 4.0 m grading an average of 2.78% U3O8. The assays confirm the surface continuity of mineralized alaskites at Anomaly 5, with uranium grades above 0.1% U3O8 identified across six of the seven sampled trenches . The results span over 600 m from Trench 1 northeast to Trench 6, with average grades over the six trenches of 0.47% U3O8. The two longest anomalous sections are from Trenches 4 and 5 , with 9.0 m over 0.25% U3O8 ...

Vista Gold Corp. sadly announces the recent death of director W. Durand Eppler. Mr. Eppler was a director of the Company for almost 20 years, during which time he served on and chaired a number of committees of the Board. Most recently he was the Chair of the Health, Safety, Environment, and Social Responsibility Committee. Vista's Board Chair, Tracy Stevenson, commented, "It is with heavy hearts that we recognize the passing of a trusted friend and loyal colleague. Randy brought a wealth of knowledge and experience to Vista's Board of Directors and his contributions will be remembered and missed. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to the Eppler family." The Company plans to nominate a new director for election ...

Adventus Mining Corp. is pleased to announce that it has entered into a binding interim agreement for an earn-in and joint venture with Japan Organization for Metals and Energy Security, for the Tres Picachos mineral concession in Ecuador owned by Adventus. Under the terms of the IA, JOGMEC has the right to earn a 75% ownership interest in Tres Picachos by investing an aggregate US$5 million between now and March 31, 2028. Adventus and JOGMEC shall work to conclude a definitive agreement in due course. Adventus shall manage and operate the exploration programs in Ecuador for Tres Picachos and will receive a management fee based on expenses. Christian Kargl-Simard, ...