MONTRÉAL, July 15, 2024 /CNW/ - - Champion Iron Ltd. announces a gradual return of its workforce to its Bloom Lake mine following a preventive evacuation and temporary shut down of operations on July 12, 2024 , in response to nearby forest fires. With the forest fires subsiding and following the evacuation pre-alert being lifted for the town of Fermont, located near the Company's Bloom Lake mine, Champion initiated a progressive return of its workforce. While the forest fires remain active north of Bloom Lake, recent events did not affect the Company's and third parties' infrastructure, which should enable a gradual ramp-up of production and rail shipments from Bloom Lake to Sept-Îles. The timing and resumption of full operational activities remain subject to the availability...

Rio Tinto Chief Executive Jakob Stausholm said: "Our operational performance continues to progress. While there are still significant improvements ahead, we are beginning to see a step-change in production, including from our Queensland bauxite business following the roll-out of the Safe Production System. "We are growing with discipline in the materials the world needs for the energy transition. Construction of the Simandou high grade iron ore project in Guinea is advancing at pace, the ramp up of the Oyu Tolgoi underground is on track and we are set to achieve first production from the Rincon starter plant by the end of the year. "We continue to prioritise the decarbonisation of our business, announcing the installation of carbon free aluminium smelting cells using ELYSIS te...

All conditions have now been satisfied for Rio Tinto's investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction is expected to complete during the week of 15 July 2024. Along with the recent approval by the Board of Simfer1, this allows Simfer to invest in and fund its share of co-developed rail and port infrastructure being progressed in partnership with Winning Consortium Simandou2 , Baowu and the Republic of Guinea. More than 600 kilometres of new multi-use trans-Guinean railway together with port facilities will allow the export of up to 120 million tonnes per year of mined iron ore by Simfer and WCS from their respective Simandou mining concessions in the south...

Trading Symbol: Silvercorp Metals Inc. reports production and sales figures for the first quarter ended June 30, 2024 of fiscal 2025 . The Company expects to release its Q1 Fiscal 2025 audited financial results on Tuesday, August 13, 2024, after market close. Q1 Fiscal 2025 Operational Results Record revenue of approximately $72.0 million, an increase of 20% over the same quarter last year Ore mined of 341,927 tonnes, up 13% over Q1 Fiscal 2024; Ore milled of 307,696 tonnes, up 4% over Q1 Fiscal 2024; Inventory stockpile ores amounted to 59,293 tonnes not yet processed due to mill capacity constraints, with additional ore to be added to the stockpile in the coming quarter. If they had been processed, the Company's metal production would have aligned with its Fiscal 2025 annual...

IAMGold Corp. is pleased to announce it plans to release its second quarter 2024 operating and financial results after market hours on Thursday, August 8, 2024. Senior management will host a conference call to discuss the operating performance and financial results on Friday, August 9, 2024, at 8:30 a.m. . Listeners may access the conference call via webcast from the events section of the Company's website at www.iamgold.com , or through the following options: Pre-register via: Chorus Call IAMGOLD Q2 2024 Registration - Upon registering, you will receive a calendar booking by email with dial-in details and unique PIN. This process will bypass the operator and avoid the queue. Toll free : 1 763-8274 International: +1 484-8814 Webcast: https://event.choruscall.com/mediaframe/webca...

Lundin Gold Inc. announced today that Christopher Kololian, Chief Financial Officer, will be departing the Company on August 15, 2024. Chester See, Lundin Gold's Senior Vice President Finance, will assume the role of CFO. View PDF Ron Hochstein, President and Chief Executive Officer of Lundin Gold stated, "On behalf of the Board of Directors and Lundin Gold, I would like to thank Christopher for his executive leadership and contributions since joining our management team. During Christopher's tenure, we successfully executed our debt reduction strategy, including the recent buyout of the stream credit facility, which has positioned Lundin Gold as a debt free gold producer. We have also focused our corporate development activities in parallel with our increased investment into...

Stock Symbol: AEM Agnico Eagle Mines Ltd. announced today that it has entered into a transaction with First Nordic Metals Corp. that will result in Agnico Eagle acquiring 27,954,872 common shares of FNM. Agnico Eagle has agreed to exchange amounts that remain due under the asset purchase agreement between certain subsidiaries of Agnico Eagle, certain subsidiaries of FNM and EMX Royalty Corporation dated March 19, 2021, as amended May 1, 2023 for 27,954,872 Common Shares . The Transaction is being effected by way of a subscription agreement between FNM and Agnico Eagle, whereby Agnico Eagle has agreed to subscribe for 27,954,872 Common Shares at a price of $0.2925 per Common Share for total consideration of approximately $8,176,800 in a non-brokered private placemen...

Battery Mineral Resources Corp. is pleased to announce first shipments of copper concentrates related to the Offtake Agreement with Anglo American Sur. S.A. a division of Anglo-American PLC. The Company has supplied 503.74 dry metric tonnes of copper concentrates to Anglo's Chagres smelter in Catemu, Chile. The copper concentrates were produced from copper smelting by-products supplied to BMR by Anglo. The copper concentrates were produced at BMR's Punitaqui copper flotation plant and contained 25.98 percent copper, for approximately 288,500 pounds of copper in concentrate. The Company will continue to increase production results with a goal of producing approximately 1,400 DMT per month in the near term and reaching up to 2,800 DMT of copper concentrate production per month ...

Rupert Resources Ltd. is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and BMO Capital Markets as co-lead underwriters on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase on a bought deal basis 5,586,600 common shares of the Company at a price of C$3.58 per Share , representing total gross proceeds of approximately C$20 million . The Company has also granted the Underwriters an option , exercisable at the Offering Price for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, on the same terms as the Offering. Closing is expected on or about August 1, 2024 , and is subject to regulatory ...

Lode Gold Resources Inc. is pleased to announce it has closed $506,490 financing, previously announced on May 31, 2024. A total of 13,181,143 units at $0.035 per unit and 1,128,750 Flow Through Units at $0.04 have been issued for total proceeds of $506,490. Each $0.035 Unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at exercise price of $0.05 per common share for a period of two years following the date of closing. Each Flow Through Unit at $0.04 consists of one flow through common share and one half of a whole flow through common share purchase warrant . Each whole FT Warrant shall entitle the holder to purchase one flow through common share at exercise price of $0.06 per common ...

Millennial Potash Corp. is pleased to announce that it has closed the second and final tranche of its private placement . The Company's news release dated June 18, 2024 describes the closing of the first tranche. The second tranche of the Private Placement was for a total of 2,050,000 units at a price of $0.25 per unit for proceeds of $512,500. Each Unit consisted of one common share and one-half share purchase warrant. Each of the 1,025,000 whole share purchase warrants are exercisable for a period of two years from the date of issuance at a price of $0.35 per share. Commissions on the second tranche of the private placement totalling $18,340 and 73,360 finders' warrants will be paid in connection with closing the private placement. The finders' warrants are exercisable for ...

VANCOUVER, BC, July 15, 2024 /CNW/ - Trading resumes in: Company: First Nordic Metals Corp. TSX-Venture Symbol: FNM All Issues: Yes Resumption : 8:00 AM 7/16/2024 CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a spe...

PrairieSky Royalty Ltd. is pleased to announce its second quarter operating and financial results for the three-month period ended June 30, 2024. Second Quarter Highlights: Oil royalty production volumes averaged 13,312 barrels per day, another quarterly record, and a 6% increase over Q2 2023. Total royalty production averaged 25,320 BOE per day, an 8% increase over Q2 2023. Revenues totaled $135.6 million for Q2 2024, comprised of royalty production revenues of $125.5 million and other revenues of $10.1 million, including bonus consideration of $6.7 million earned on entering into 55 new leasing arrangements primarily targeting Mannville oil and Duvernay light oil. Generated funds from operations of $106.1 million , a 16% increase over Q2 2023. Declared a second quarter divi...