Sustainable Hydro-Solar Energy at Cascabel Project SolGold plc is pleased to announce the signing of a Memorandum of Understanding with Grupo Empresarial Semaica , a major construction company in Ecuador, and Enerhydra, an American company, whose partners have participated in large projects throughout Latin America, and have developed seven hydroelectric projects in Ecuador, and Constructora Nacional S.A., a prominent construction company with extensive experience in hydroelectric development in Ecuador. This collaboration aims to spearhead a significant hydro-solar initiative to power SolGold's flagship Cascabel Project in Northern Ecuador. The MOU delineates the shared objectives and responsibilities of each party towards the development of a sustainable Power Project that ...

MONTRÉAL, March 3, 2024 /CNW/ - - Champion Iron Ltd. is pleased to announce the appointment of Mr. Ronnie Beevor to its Board of Directors , effective immediately. Mr. Beevor has over 40 years of experience in investment banking and the mining sector, including as Chair and non-executive director of several mining companies in Australia and internationally. He is currently Chairman of Bannerman Energy Ltd., owner of the large Etango uranium deposit in Namibia, Chairman of Felix Gold, which has substantial gold exploration properties in Alaska and director of Mont Royal Resources, building a dominant position in underexplored greenstone belts in Québec. Previously, Mr. Beevor served as head of investment banking at Rothschild Australia, Chair of EMED Mining, whic...

Cobre Ltd. is pleased to announce that the Company has received firm commitments from institutional, sophisticated and professional investors for the placement of approximately 76.9 million new fully paid ordinary shares at an issue price of $5.2c per New Share to raise gross proceeds of A$4.0 million . The Placement comprises two tranches: - Tranche 1 to raise A$2.3 million via the issue of 43.7 million New Shares utilising the Company's existing placement capacity pursuant to ASX Listing Rules 7.1 and 7.1A. - Tranche 2 to raise approximately A$1.7 million via the issue of approximately 33.2 million New Shares subject to shareholder approval to be sought at an Extraordinary General Meeting of the Company expected to be held in April 2024 . Proceeds from the Placement, togeth...

Lake Resources NL announced today that, following the completion of the Kachi Phase One Definitive Feasibility Study , the company is rationalizing the size of its employee base and general and administrative expenses to extend its financial runway, and better position the Company to complete a robust strategic partner selection process. The Company previously announced an approximate 40% reduction in expenditures for the quarter ending 31 March 2024 as compared to the quarter ending 31 December 2023 . Lake is now implementing further cost saving measures through reducing global headcount by approximately 50% across its non-core operational and administrative workforce and additional streamlining of other general and administrative expenditures. As a result of these actions, ...

American Salars Lithium announces that it has signed an option agreement with Spey Resources Corp. and A.I.S Resources to acquire a 100% interest in the Candela II Lithium Brine Project. The Candela II Lithium Brine Project contains a National Instrument 43-101 mineral resource estimate completed by WSP Australia Pty. Ltd. This NI 43-101 resource report estimates the project to contain lithium metal of 86,000 tonnes which equates to 457,500 tonnes of in-situ lithium carbonate equivalent (LCE) and a lithium yield of 48,000 tonnes of LCE from 9,000 tonnes of lit

Surveys highlight strike extension of Duddridge Uranium Deposit 539 Mobile Metal Ion samples on 2 grids north and south of deposit Searchlight Resources Inc. is pleased to report results of the Mobile Metal Ion survey on the Duddridge Lake Uranium project located approximately 75 kilometers northwest of La Ronge, Saskatchewan. In October 2023, Searchlight conducted MMI surveys on two grids located along strike, and to the north and south of the known Duddridge Lake Uranium Deposit . Elevated MMI results for Uranium and Copper extend along strike on both north and south grids, and also expand eastward. In the north, the results show a potential second target 300 m to the east of the deposit strike line. MMI results also correspond closely with areas of high airborne magnetic i...

Rupert Resources Ltd. reports follow-up assay results from its Heinä South satellite target . The results confirm evidence of broader mineralised zones than previously seen at Heinä South. New assays are also published from drilling at Ikkari demonstrating that mineralisation remains open down plunge to the west with both wide and high-grade intercepts achieved. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240302214308/en/ Figure 1. Schematic structural interpretation of Ikkari and surrounding high-priority exploration targets showing the location of the new drilling at Heinä South. Black box shows the location of more detailed plan map, Figure 2 Highlights #124019 - intersected 25m at 16.5 g/t Au from 83m includ...

This is Money Talk Radio with Ellis Martin. We visit now with Patrick Elliot, the President and CEO of Forte Minerals Corp. . Forte is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Peru. The team is composed of dedicated and qualified professionals who have a combined 215 years of experience in exploration and mining in the Americas and a combined 60 years of successfully managing public companies. This combination of expertise accelerates the extensive connections to projects and financing. To Listen to the Interview, please visit: https://www.abnnewswire.net/lnk/XTIDTYU4 About The Ellis Martin Report: The Ellis Martin Report is an internet based radio program showcasing potentially undervalued...

Nickel North Exploration Corp. wishes to announce that the option agreement originally dated March 6, 2023, as amended by the amended and restated option agreement dated November 27, 2023 and extended by an extension letter agreement dated January 30, 2024 with 1844 Resources Inc. , pursuant to which the Company was to sell a 100% undivided interest in the Hawk Ridge nickel-copper project comprised of 411 mineral claims covering 179 km2 in the Ungava Bay on the east coast of Quebec has terminated effective February 29, 2024 due to market conditions. Neither the Exchange nor its Regulations Services Provider accepts responsibility for the adequacy or accuracy of this press release. About Nickel North Exploration Nickel North Exploration is a Canada-based exploration company fo...

Newlox Gold Ventures announces that it has closed a fourth tranche of the previously announced unsecured non-brokered Convertible Debenture Financing for gross proceeds of $564,000. The total gross proceeds for all three tranches is $2,120,000. The Company anticipates closing a final tranche within the next 45 days. The debentures' principal amount will become due in two years from the closing date and will carry an interest rate of 10% per annum, with interest payable semi-annually. Principle and any accrued interest are convertible at the option of the investor at a conversion price of $0.15 per common share from the closing date until the day before maturity. On maturity, the Company will have the option to pay the principle and any acc...

Arrow Minerals Ltd. has a strategy of delivering long-term value to shareholders through the discovery and development of economic mineral deposits in West Africa. Arrow has beneficial rights of 33.3% in the Simandou North Iron Project, Guinea and a clear road map to extend these rights to 100% by delivering on key milestones . Arrow aims to systematically advance the Simandou North Iron Project over the coming months to identify areas of high-grade iron within the project area and realise the potential value released through the major infrastructural upgrades, rail and port, underway in the region. To view the Video Update, please visit: https://www.abnnewswire.net/lnk/Y1X08W67 About Arrow Minerals Ltd: Arrow Minerals Ltd. is an exploration and development comp...

Horizon Minerals Ltd. is pleased to provide an update on our lithium projects located near Bridgetown and Coolgardie in Western Australia . HIGHLIGHTS - A small first pass, site reconnaissance soil and rock chip sampling program was completed 6 - 10 November 2023 at the newly acquired Bridgetown-Greenbushes project 250km south or Perth WA. No anomalous lithium was identified in 3 rock chip samples taken. Some encouragement was noted on E70/5981 where a micaceous felsic schist sample recorded elevated values of 150ppm Be, 227ppm Rb and 128ppm Sn. - Roadside verge soil sampling was also conducted on E70/5980-5981 and E70/6551 centred about 10km south east of the Greenbushes mine. A total of 33 samples were taken overall with several areas returning anomalous lithium up to 91.9p...

The Board of Barrick Gold Corp. is deeply saddened by the passing of the Chairman of its International Advisory Board and former member of the Barrick Board of Directors, the Right Honorable Brian Mulroney, on February 29, 2024. Prime Minister of Canada from 1984 to 1993, Mr Mulroney holds the distinction of being the first Canadian Prime Minister in 35 years to win successive majority governments and the first Conservative Prime Minister to do so in 100 years. Best known for his stance on international trade and building the closest of relationships with the United States of America, United Kingdom and Germany, Mr Mulroney also served as Co-Chairman of the United Nation's World Summit for Children. His government played leading roles in the campaign against Apartheid in South ...