Orla Mining is pleased to announce that it has entered into a definitive arrangement agreement with Contact Gold whereby Orla will acquire all of the issued and outstanding common shares of Contact pursuant to a court-approved plan of arrangement. Contact's key asset is the 100%-owned Pony Creek property, a 4,500 ha exploration land package, strategically located adjacent to Orla's South Railroad property in the heart of the Carlin trend in Nevada. Contact also owns the Green Springs property located in the southern end of the Cortez trend. Green Springs is an early-stage exploration project where Centerra Gold currently has a right to earn into 70% of the project thr...

TORONTO, Feb. 26, 2024 /CNW/ - Vale Base Metals informs that Vale Canada Limited signed a Definitive Agreement with PT Mineral Industri Indonesia and Sumitomo Metal Mining Co., Ltd. regarding the divestment obligation of PT Vale Indonesia Tbk . Under the Agreement, VCL and SMM will divest approximately 14 per cent pro-rata combined equity interest in PT Vale to MIND ID. Upon completion of the transaction, MIND ID will hold approximately 34 per cent of PT Vale's issued shares, making it the largest shareholder in the company. VCL and SMM will hold 33.9 per cent and 11.5 per cent, respectively. Approximately 20.6 per cent will continue to be held by the public on the Indonesia Stock Exchange. Transaction background In October 2014, PT Vale signed an amendment to its 1996 Contract of Work wit...

Falcon Gold Corp. is pleased to report a corporate update letter in an address to shareholders from its Chief Executive Officer Karim Rayani. Dear Shareholders, As we reflect on the successes and challenges of 2023, I'm pleased to share with you the progress and objectives for the ensuing year ahead. We are in the midst of what looks like a favorable macroeconomic environment for gold and precious metals including factors such as economic uncertainty, inflationary pressures, and geopolitical tensions. Yet a perplexing disparity persists for companies despite the favorable backdrop as metal prices head higher, market capitalizations continue to struggle creating unprecedented opportunities in the resources sector. Additionally low interest rates can weaken the purchasing power...

SouthGobi Resources Ltd. Reference is made to the announcements of the Company dated July 31, 2023 and August 18, 2023 in relation to the Mongolia tax audit. As previously disclosed in the Company's Announcement, on July 18, 2023, the Company's wholly owned subsidiary in Mongolia, SouthGobi Sands LLC , received a notice from the Mongolian Tax Authority relating to a periodic tax audit on certain of SGS's financial information between 2017 and 2020, including transfer pricing, royalty, air pollution fee and unpaid tax payables . The MTA notified SGS that they are imposing a tax penalty against SGS in the amount of approximately US$75.0 million as a result of the Audit. On August 17, 2023, SGS filed an appeal letter in relation to the Audit with the MTA in accordance with Mongo...

Kalo Gold Corp. is pleased to announce that, based on the results of recent compilation work, the gold mineralization of the Qiriyaga Hill Deposit is located between two interpreted volcanic centres and sits immediately east of the newly interpreted Vunisea Fault . The Vunisea Fault is associated with a >1,200 metre north-northeast trending untested soil anomaly . The Vunisea Fault potentially acted as a metal-bearing epithermal fluid conduit or "feeder zone" that then spread laterally to the east into layers of porous tuffs, volcanic breccias and limestone layers, thereby creating the Qiriyaga Hill Deposit. Historically, drilling at Qiriyaga Hill was solely focused on the development of a shallow open pit gold mining operation over approximately a 400m strike length and t...

NOA Lithium Brines Inc. is pleased to report a maiden Mineral Resource Estimate statement for its Rio Grande lithium brine project in the Salta province of Argentina. The MRE detailed in Table 1 below includes 1,919,000 metric tonnes of lithium carbonate equivalent with an average Li concentration of 612 mg/l in the Measured & Indicated category. Moreover, the MRE includes an Inferred category which contains an additional 371,000 Mt of LCE with an average Li concentration of 610 mg/l. Highlights of the maiden MRE at Rio Grande, include the following: M&I resource estimate with greater than 1.9 Mt of LCE at 612 mg/l in addition to approximately 0.37 Mt of LCE inferred at 610 mg/l. Approximately 80% of the MRE is located in the north and northeast of the Rio Grande properti...

Faraday Copper Corp. is pleased to announce the results of its metallurgical program at its Copper Creek project in Arizona, USA . Paul Harbidge, President and CEO, commented "The positive results from our metallurgical program continue to support our work towards advancing the Copper Creek project by significantly improving the economic returns and future metal production profile. In addition, the Phase III drill program is underway with a focus on testing new targets and expanding the Mineral Resource. I am excited about the exploration upside, especially with the initial reconnaissance drill results from the Area 51 target, which identified a new near-surface mineralized breccia." Metallurgical Program Highlights The metallurgical program was designed to evaluate grind siz...

Metallic Minerals Corp. is pleased to announce the first National Instrument 43-101 mineral resource estimate on the Company's Keno Silver project, adjacent to Hecla Mining's high-grade operations in the iconic Keno Silver District of Canada's Yukon Territory. The combined underground and in-pit total resource estimate from four separate deposits comprises an Inferred Resource of 2.5 million tonnes at 223 grams per tonne silver equivalent equating to 18.16 million ounces of contained silver equivalent. Significant resource expansion is anticipated with further drilling as each of these deposits are contained within 250 meters depth from surface and are open along strike in all directions and at depth where grades typically trend higher. Subsequent campaigns, expected to comme...

Sierra Madre Gold and Silver Ltd. is pleased announce a non-brokered private placement with an existing long-term institutional shareholder the Company . The Offering consists of 3,571,428 shares for aggregate gross proceeds to the Company of $1,000,000 at a price of $0.28 per share . Net proceeds will be used to fund the continued care and maintenance on, and the mine restart plan at, Sierra Madre's 100% owned past-producing La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico, 130 km southwest of Mexico City. The Offering is expected to close shortly and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange . The Offering has been structured to take advantage of ...

NV Gold Corp. announces that, further to the Company's press release on February 13, 2024, it is proceeding with a consolidation of the issued and outstanding common shares of the Company on the basis of post-consolidated Share for every ten pre-consolidated Shares . No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 67090W307 and the new ISIN number will be CA67090W3075. The Company's name and stock symbol will remain unchanged following the Consolidation. The Consolidation will be effective at the opening of markets on February 28, 2024. As a result of the Consolidation, the 88,745,454 Shares which are currently issued and outstanding will be reduced to approximately 8,874,545 Shares, subject...

Orogen Royalties Inc. or is pleased to announce an update to the Expanded Silicon project in Nevada, USA. Project owner AngloGold Ashanti NA has announced an initial Inferred Resource of 9.05 million ounces gold at the Merlin deposit. 1 The resource at Merlin is a significant discovery, separate and contiguous to the previously announced 4.22 million ounces gold resource at the Silicon deposit. 2 Orogen holds a 1% net smelter return royalty on the Expanded Silicon project that includes the Silicon and Merlin deposits with exposure to approximately 13.27 million ounces gold: Table 1: Expanded Silicon Project Summary Mineral Resources1,2 *Note: Some figures may be rounded. AngloGold reports content for gold to two decimal places. Merlin Deposit Highlights Pit-constrained Infer...

London, 26 February 2024 - Endeavour Mining Plc announces it has purchased the following number of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited. Aggregated information Dates of purchase: 23 February 2024 Aggregate number of ordinary shares of USD 0.01 each purchased: 42,912 Lowest price paid per share : 1,235.00 Highest price paid per share : 1,264.09 Volume weighted average price paid per share : 1,250.40 Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 245,203,197 ordinary shares in issue. Therefore the total voting rights in the Company will be 245,203,197. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which th...

NioCorp Developments Ltd. today announced that it has delivered a written notice pursuant to the previously announced Standby Equity Purchase Agreement, dated January 26, 2023 , requesting the purchase of 75,000 shares of the Company's common shares, without par value . The Company has elected an Option 2 Pricing Period . Subject to the satisfaction of certain conditions contained in the Standby Equity Purchase Agreement, the Advance Shares will be issued at a purchase price equal to 97% of the daily volume-weighted average price of the Common Shares on The Nasdaq Stock Market LLC as reported on Bloomberg Financial Markets during a pricing period of three consecutive trading days commencing on the date hereof. The Company expects the issuance and sale of the Advance Shares wi...