ABIDJAN, Cote d'Ivoire, Feb. 23, 2024 /CNW/ - Montage Gold Corp. is pleased to announce that the non-brokered private placement financing announced on February 22, 2024 has been increased to 50,000,000 common shares of the Company at a price of C$0.70 per Common Share for gross proceeds of C$35 million . The net proceeds of the Offering will be used for exploration and development expenditures at the Company's Koné Gold Project and for working capital and general corporate purposes. The Offering is expected to close during the week of March 11th, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange. The Common Shares issued pursuant to the Off...

Barksdale Resources Corp. announces that it is transitioning away from the current drilling contractor at the Sunnyside project and that the Company has initiated a search for a new drilling partner with the expertise necessary to effectively carry out the envisioned wedging/directional drilling program. Rick Trotman, President and CEO states, "After much consideration, the decision was made to suspend the current drilling program at Sunnyside. Following the recent challenges that were encountered during multiple wedging attempts in SUN-03, we have begun the process of exploring alternative drilling groups to ensure that our envisioned wedging/directional drilling program can be executed moving forward. In order to maintain cost-effectiveness and timeliness, given the depth t...

Progressive Planet Solutions Inc. , a leader in developing CleanTech solutions for the planet, is pleased to provide a corporate update of its activities. Cement Innovation Partnership with Pyrogenesis Canada On January 27, 2022, Progressive Planet issued a news release announcing a collaboration with Pyrogenesis Canada to explore two different objectives including: To determine the feasibility of producing post-consumer glass nanoparticles. To explore the feasibility of converting widely available, high-grade, crystalline silica into amorphous silica. Only amorphous silica works to enhance the strength of concrete. The energy costs of producing nanoparticles were prohibitive, but the use of plasma torches to transform crystalline silica into amorphous silica offered promise....

ACME Lithium Inc. announced today a non-brokered private placement financing of up to 14,000,000 units at $0.05 CAD per Unit for aggregate gross proceeds of up to $700,000 CAD . Each Unit will be comprised of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.10 CAD for three years from closing of the Offering. The Issuer intends to use the proceeds of the Offering to fund the ongoing maintenance and development of its Clayton Valley lithium brine project in Nevada as well as for general working capital purposes. Finder's fees, including cash and warrants, may be paid on some or all of the Offering. All securities that are issued pursuant to the Offering will be s...

CONSOL Energy announces its participation and focus on the NotSoFast campaign at the 2024 Society for Mining, Metallurgy and Exploration Annual Conference & Expo. The event takes place from February 25-28 in Phoenix, AZ., bringing together professionals and experts from across the globe to share insights, innovations and the latest developments. Highlighting this year's conference is keynote speaker Alex Epstein, a renowned philosopher and energy expert. Before Epstein's presentation, attendees will be introduced to the NotSoFast Campaign through a video display. The campaign underscores the importance of a measured approach to the energy transition, emphasizing the continued relevance of coal and fossil fuels in a balanced and realistic energy strategy. Following the keynote address, CONS...

VANCOUVER, BC, Feb. 23, 2024 /CNW/ - The following issues have been halted by CIRO Company: Hot Chili Ltd. TSX-Venture Symbol: HCH All Issues: Yes Reason: Pending News Halt Time : 8:10 AM 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 an...

Brixton Metals Corp. is pleased to announce additional results from the ongoing exploration program on the Hog Heaven Project, which is operated by Ivanhoe Electric Inc. under a definitive Earn-in Agreement. Hog Heaven is located 50 miles southwest of Kalispell, in the state of Montana, USA, and is an advanced-stage, high-sulphidation, epithermal copper-silver-gold project having historical production with copper porphyry potential. Highlights Step-out drilling at Hog Heaven extends mineralization 150m to the west of nearest drilling Results of Typhoon™ geophysical survey at Hog Heaven will guide future drilling plans HHD-012 intersected 157m of high sulphidation epithermal mineralization approximately 150m to the southwest of the nearest hole . This inter...

Zonte Metals is pleased to announce the discovery copper-in-soil anomalies at the K1 gravity anomaly on its Cross Hills Copper project. The K1 anomaly was discovered during a gravity survey carried out in the spring of 2023. The anomaly is large and measures 2 km in length and up to 600m in width, and is open along strike in one direction. Soil sampling carried out over the target has identified several large copper-in-soil anomalies spatially associated with the gravity target. Limited prospecting over the target area has also discovered copper mineralization in several locations within the target area. The soil program over the K1 target was completed on wide spaced lines at 300m with sample sites at 100m as a first pass, fol...

Laurion Mineral Exploration is pleased to present an overview of the 2024 Exploration Program set to unfold on the Ishkoday Property. The 2024 exploration plan aligns with the endorsement received from the author of LAURION's recent NI 43-101 Technical Report: Mineral Property of Merit. This recommendation underscores LAURION's dedication to advancing our proposed exploration endeavors for 2024, reinforcing our commitment to progressing key prospective areas through robust exploration initiatives. LAURION has enlisted the expertise of Forage GeoNord, headquartered in Dolbeau-Mistassini, Quebec, to spearhead two drilling campaigns totalling 6,500 metres. The first planned...

Tanzania's Parliamentary Standing Committee for Energy and Minerals has commended Barrick Gold Corp. for the significant turnaround at the North Mara gold mine and its improved relations with the community. Members of Parliament recently visited the mine along with the Deputy Minister of Minerals, Ministry officials, the Regional Commissioner, District Commissioner, ward councilors and village leaders. The delegation was shown the mine's water treatment plant, tailings storage facility, the Nyabigena and Gokona open pits and a number of Barrick's community development projects such as Matongo's agribusiness initiative and secondary school. Committee Chairman Honourable David Mathayo said the delegation was very impressed with all material aspects of the mine including the quali...

Mandalay Resources Corp. announced today that the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid for a portion of its common shares . The NCIB will be made in accordance with the requirements of the TSX. Mandalay may begin to purchase Common Shares on or about February 27, 2024. Pursuant to Mandalay's prior NCIB dated January 18, 2023 to January 17, 2024, wherein Mandalay was permitted to acquire up to 4,622,835 Common Shares, Mandalay purchased 166,600 Common Shares affected through the facilities of TSX and alternative Canadian trading systems at the weighted average price per security of CAD$2.37. As of February 14, 2024, Mandalay had 92,923,925 Common Shares issued and outstanding. Pursuant to the NCIB, Mandalay is permitted...

Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports 45.0 metres of 2.16 grams per tonne gold in drill hole 24DO06 and confirms over 250 m of strike in a discovery at the Donut target. Donut is located ~800 m east of the Froyo Gold Zone where drilling continues to deliver strong results, with hole 24FR51 returning 10.0 m of 4.73 g/t Au and 24FR50 returning 8.0 m of 8.43 g/t Au in a major 90 m down-dip extension to ~250 m vertical depth. Highlights New Discovery: Intrusion-hosted gold at the Donut Target Hole 24DO06 intercepts 45.0* m of 2.16 g/t Au Current strike extent of over 250 m and remains open Over 800 m east of the Froyo Gold Zone At Froyo: Hole 24FR50 ...

K92 Mining Inc. announces that it will release its 2023 fourth quarter financial results after the North American trading markets close on Monday, April 1, 2024. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2023 fourth quarter financial results at 8:30 am on Tuesday, April 2, 2024. Listeners may access the conference call by dialing toll-free to 1-800-319-4610 within North America or +1-604-638-5340 from international locations. The conference call will also be broadcast live and may be accessed via the following link: https://services.choruscall.ca/links/k92mining2023q4.html About K92 K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highl...