Giyani Metals Corp. , developer of the K.Hill battery-grade manganese project in Botswana is pleased to announce that on February 20, 2024 it closed the US$10 million investment by ARCH Sustainable Resources Fund LP announced on January 24, 2024 . The Company and ARCH have satisfied all necessary conditions precedent to Closing and US$10 million has now been received by the Company. The ARCH funding fulfils a key condition for drawdown of the US$16 million convertible loan facilities secured by Giyani from the Industrial Development Corporation of South Africa Limited and forms part of a larger aggregate US$26 million funding package to progress K.Hill to Final Investment Decision . The IDC Facility remains subject to the approval of the TSX Venture Exchange and satisfaction ...

Platinex is pleased to announce results from the first phase of diamond drilling on the Heenan Property, part of the Heenan Mallard Gold Project located in the Swayze Greenstone Belt of the Abitibi northeastern Ontario and held through the South Timmins Mining Joint Venture with Fancamp Exploration Ltd. Highlights: The program totalled 611.50 m with three drill holes completed over 50 m spacing and one undercut hole. All cross sections for the four holes are on the website. Several consistent wide zones of gold mineralization intersected from surface to 177m including: 77.44 m of 0.40 g/t Au in hole HE23-02 and, 27.15 m of 0.55 g/t Au in hole HE-23-03 with higher-grade intercepts within . An additional zone of mineralization, outside of the iron formation, w...

Atha Energy is pleased to provide another update on its previously announced proposed acquisition transaction with 92 Energy Limited further to its press releases dated Dec 7, 2023, Jan 25, 2024, and Feb 7, 2024. ATHA is pleased to announce that the independent expert of 92E, BDO Corporate Finance Pty Limited, has concluded that the proposed acquisition of 92E by ATHA is fair and reasonable and in the best interest of the shareholders of 92E . Additionally, the Federal Court of Australia has made orders approving, amongst other matters: the convening by 92E of a meeting of 92E Shareholders to consider and vote on the scheme of arrangement between ATHA and 92E ; and the dispatch by 92E of an explanatory statement containing information about the Scheme toge...

Brunswick Exploration Inc. is pleased to announce that it has begun construction of a winter road for a drilling campaign at the Elrond project, located in Eeyou Istchee-James Bay Region of Quebec. This maiden drilling campaign will begin in March and will test the Arwen spodumene-bearing pegmatite that was discovered during prospecting last September by the BRW team. The Arwen showing and the Elrond property have never been drilled. The Arwen pegmatite is exposed over a surface area measuring approximately 250 meters by 100 meters, dipping shallowly to the north. The outcrop is well mineralized and three representative grab samples returned values between 1 and 3% Li2O. The pegmatite remains open in all directions . Previous to drilling activities, a high-resolution airborne...

HALIFAX, NS, Feb. 21, 2024 /CNW/ - Fortune Bay Corp. is pleased to announce the acquisition of two additional uranium projects through staking on the north-central margin of the Athabasca Basin, in proximity to the Company's recently announced Spruce, Pine and Aspen Uranium Projects . Gareth Garlick, Technical Director for Fortune Bay, commented "The acquisition of the Birch and Fir projects adds to our growing uranium portfolio of newly acquired, 100% owned projects on the north-central margin of the Athabasca Basin. This extensive portfolio now totals five new uranium projects covering over 40,000 hectares and provides Fortune Bay with further opportunity to create value through exploration and/or transactional success. The Birch and Fir projects have known uranium endowmen...

Annual flagship program highlights the role that Canada's premier venture exchange plays in supporting national economic growth TSX Venture Exchange today released its 2024 Venture 50® ranking, shining a light on the top-performing companies that are driving growth across their respective sectors. The Venture 50 showcases TSXV issuers across five sectors: Energy, Mining, Clean Technology and Life Sciences, Diversified Industries, and Technology. The ranking is an equal weighting of each firm's performance during 2023 across three key indicators: market capitalization growth, share price appreciation, and trading value. "The Venture 50 ranking is a true indicator of investor confidence in the capabilities of Canadian companies and our public markets," said Loui Anastasopoulos, CEO, Toronto ...

Luca Mining Corp. is pleased to provide an update on the optimization program at its wholly-owned Campo Morado polymetallic mine in Guererro, Mexico. Significantly improved overall performance in Q4 2023 compared to previous quarters, yielding increased revenues. Plant performance exceeded expectations with operational consistency. Higher metallurgical recoveries and concentrate grades. Of note, copper in the bulk concentrate increased from less than 48% recovery to over 70% recovery. Mike Struthers, CEO, commented, "The results we're achieving at Campo Morado are better than expectations, and it's extremely encouraging to see we can consistently maintain this performance week after week. The new regime of blending ore types from the mine is proving very successful by providin...

Piedmont Lithium , a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced the sale of the shares it held in Sayona Mining . The Company has agreed to sell 1,152.2 million shares of Sayona for A$0.052 Australian Dollars per share through a secondary block sale via Canaccord Genuity. The sale price represents a premium to the 20-day volume weighted average price and will result in gross proceeds of approximately A$59.9 million, or US$39.4 million for Piedmont. Following the transaction and some smaller recent public market share sales, Piedmont will no longer hold any shares of Sayona. The sale of these shares has no impact on Piedmont's joint venture or offtake position with Sayona Quebec. The decision to divest the Sayona shares a...

Company's Unique Tangible, Impactful, Local Approach to Community Investment Continues to Evolve and Expand CNX CEO Compensation Reduction for 2024 to be Invested into Mentorship Academy Expansion, Community Directed Projects within CNX Operational Footprint, and Expansion of Existing Community Partnerships in Underserved Rural and Urban Communities Building on the CNX Foundation and Mentorship Academy's record of success in making a substantive difference on the complex issues facing the region, CNX's Board of Directors and Nick Deiuliis, President and CEO of the Company, today announced that the Board approved Mr. Deiuliis' request to make a $1.5 million donation to the CNX Foundation and commensurately reduce his 2024 compensation. This follows a previous $1.5 million contribution in 20...

Highlights include 29m at 2.40g/t PGM+Au, 0.10% Ni , and 22m at 1.82g/t PGM+Au, 0.14% Ni Bravo Mining Corp. , announced that it has received assay results from seven diamond drill holes from the North Sector at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project , located in the Carajás Mineral Province, state of Pará, Brazil. "Results continue to extend PGM+Au+Ni mineralization at depth, now in the North Sector, with mineralization extending from ~100m to ~200m below surface, which is still relatively shallow when compared to the greater than 400m depths demonstrated in the Central Sector," said Luis Azevedo, Chairman and CEO of Bravo. "Again, assay grades and mineralized thicknesses typically improve at depth, as can be seen in Figures 1 and 2. We a...

TSXV: ITR; NYSE American: ITRG www.integraresources.com Integra Resources Corp. is pleased to announce that through its wholly-owned subsidiary, DeLamar Mining Company, it has entered into a binding agreement with Wheaton Precious Metals Co., a wholly-owned subsidiary of Wheaton Precious Metals Corp. , pursuant to which Wheaton will acquire a 1.5% net smelter returns royalty on metal production from all claims of the DeLamar and Florida Mountain Deposit for an aggregate cash purchase price of US$9.75 million, to be paid in two installments . The first installment of US$4.875 million is expected to be received by Integra upon closing of the Transaction. The second installment of US$4.875 million is expected to be received by Integra four months from the date of th...

First two holes from K92's maiden drill program at the Arakompa project , located ~4.5 km from the Kainantu process plant, recorded significant mineralization, with 4 high grade lodes intersected in hole KARDD0002 recording 7.20 m at 24.76 g/t AuEq, 5.70 m at 9.94 g/t AuEq, 5.30 m at 6.06 g/t AuEq and 3.60 m at 3.38 g/t AuEq, and similar mineralization to the producing high grade Kora and Judd vein systems . Significant chalcopyrite, and also bornite observed in the 5.7 m at 9.94 g/t AuEq intersection, with the copper component grading 1.71%. The target size of Arakompa is very large, with mineralization demonstrated from drill holes, rock samples and surface workings for at least 1.7 km of strike, hosted within an approximately 150-225 m wide mineralized intense phyllic altered package, ...

Carolina Rush Corp. has negotiated a major modification to its Option Agreement for the acquisition of the Brewer Mine Property in South Carolina. Rush has executed the Fifth Amendment to the Brewer Option Agreement with the Brewer Gold Receiver , which eliminates any option payments during exploration and until closing a potential purchase. Highlights: No option payments for remainder of Option Period Purchase price formula streamlined to be 60% of government past costs through 2024 plus pro-rated annual government costs from 2025 until closing, should Rush exercise its option Financial assurance at closing can be satisfied through one of five non-cash methods Carolina Rush President and CEO Layton Croft commented: "We extend our sincere appreciation to the Receiver, South C...