Orea Mining is providing an update to its default status report last filed on Jan 30, 2023. The Company reports that it has exhausted all possible options to move the Company and the Montagne d'Or gold project forward due to the extenuating circumstances resulting from international sanctions imposed against its joint venture partner Nord Gold plc. Nordgold is solely responsible under the terms of the joint venture to fund all project expenditures, with Orea being fully carried. Nordgold has not provided funding in nearly 2 years since the Russian invasion of the Ukraine, and under sanctions regulations, Orea is also restricted from directly funding Montagne d'Or expenditures. Orea's proposal to acquire Nordgold's 55.01% interest in Montagne d'Or received approvals ...

Copper Road Resources is pleased to announce that it has entered into an arm's length definitive share purchase agreement dated February 13, 2024 with Sterling Metals Corp. and 100797918 Ontario Inc., a wholly-owned subsidiary of the Company, pursuant to which Sterling has agreed to acquire a 100% interest in the 24,000-hectare Copper Road Project located in Batchewana Bay, Ontario from the Company . The property package hosted two past-producing copper mines, the Tribag Mine and the Coppercorp Mine, and the Project has several confirmed zones of mineralization, with each zone containing multiple under-explored mineralized breccia pipes. The Completion of the Transaction is subject to the approval of shareholders of the Company and the TSX Venture Exchange...

Lion One Metals Ltd. is pleased to announce that the Company has closed the underwritten offering previously announced on February 7, 2024 by issuing 24,150,000 units of the Company at a price of $0.50 per Unit for aggregate gross proceeds of $12,075,000, which includes the exercise, in full, by the Underwriters of the over-allotment option granted by the Company to purchase up to an additional 3,150,000 Units at the Offering Price pursuant to the terms of an underwriting agreement dated as of February 8, 2024, among the Company, Cantor Fitzgerald Canada Corporation , Canaccord Genuity Corp., Eight Capital, and Raymond James Ltd. . Each Unit consists of one common share in the capital of the Company and one common share purchase warrant of the Company. Each Warrant shall be e...

Greenland Resources Inc. is pleased to announce that the Company has signed a Memorandum of Understanding with COWI A/S , an integrated engineering and environmental company based in Denmark. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240214936959/en/ The MOU strengthens current ongoing work with COWI and is designed to set the basis for further binding agreements and engineering financing during the construction and life of mine on engineering sustainability solutions including the new Corporate Sustainability Reporting Directives required by the European Union. The new CSRD expand the scope and content of current EU non-financial reporting obligations to capture a wider range of Environmental, Social and Gove...

Aya Gold & Silver Inc. is pleased to announce it has closed its previously announced offering of 7,573,900 common shares in the capital of the Corporation , at a price of $10.25 per Share for gross proceeds of approximately $77,600,000 . In connection with the Offering, the Underwriters exercised their over-allotment option in full where an additional 987,900 Shares were purchased for aggregate gross proceeds of approximately $10,125,000. Eight Capital acted as sole Bookrunner, along with National Bank Financial Inc. as co-lead underwriters, with a syndicate of underwriters comprised of Desjardins Securities Inc., Raymond James Ltd., SCP Resource Finance LP, Canaccord Genuity Corp. & Cormark Securities Inc. . Aya intends to use the net proceeds of the Offering for the advance...

Globex Mining Enterprises Inc. is pleased to inform shareholders of the following news. Cartier Resources Inc. have reported that they have started a 25,000-metre drill program on the Cadillac East portion of their Large Chimo Gold Mine property. Judging from the target positions displayed in their press release dated February 1, 2024, the bulk of the drill holes will be on Globex's 3% Gross Metal Royalty claims. At the same time, Brunswick Exploration has started their winter drill program on Globex's Lac Escale claims . The drilling will test a lithium bearing dyke swarm over a 2.8 km strike length where Brunswick's previous exploration has outlined numerous lithium bearing pegmatite dykes of considerable width and grade . Manganese X Energy Corp. have signed a Memorandum of...

Silver Viper Minerals is pleased to announce the appointment of Taj Singh as Independent Chair of the Company's Board of Directors succeeding Mr. Gary Cope who will be stepping off the Board to move into retirement. Silver Viper's President and CEO Steve Cope states: "Taj is an accomplished leader with a proven track record, and we are delighted to welcome him on as Chair of Silver Viper's Board. He brings considerable technical, strategic, and financing experience, as well as significant first-hand knowledge of operating successfully in Mexico. "Gary founded the Belcarra Group and its companies, including Silver Viper, and will always be a part of what we do. We want to thank him for his years of service and wish him the best as he enjoys his retirement and pursues his...

SSR Mining Inc. provides an update on the incident at Çöpler. A significant slip occurred at the Çöpler heap leach pad at approximately 6:30am ET on February 13, 2024. At present, we can confirm nine individuals are unaccounted for at site and our efforts right now continue to focus on locating our colleagues who are missing and ensuring that all our people are accounted for and safe. All operations at the mine remain suspended. The health, safety, and well-being of our employees, contractors, and their families are and continue to be our number one priority. Emergency response teams are actively focused on search and rescue efforts as we work to locate the unaccounted for employees. Over four-hundred personnel from the Türkiye national disaster relief agency are on scene to as...

Palisades Goldcorp Ltd. is pleased to announce that New Found Gold Corp. , a significant equity investee of Palisades within the meaning of applicable Canadian securities legislation, has announced the results from 19 diamond drill holes that were completed as part of a follow-up drill program at the Iceberg East Zone at New Found's 100%-owned Queensway project in Newfoundland and Labrador. For further details regarding the Iceberg East Zone, including the results of the drill holes and information of a technical nature thereto, highlights, images, and maps, please see New Found's news release dated February 14, 2024, accessible on New Found's website and under New Found's profile on SEDAR+ at www.sedarplus.ca. About Palisades Goldcorp Ltd. [wp=4326]Palisades Goldcorp Ltd.[/w...

Emperor Metals Inc. is pleased to announce that the Company has completed a 424 line-km aeromagnetic geophysical survey comprising 14.5 km2 at the Duquesne West Gold project in Quebec. This high-resolution survey enhances Emperor's exploration strategy by refining geological models and targeting capabilities for gold deposition. Highlights Enhanced Aeromagnetic Resolution: Achieved with 50 meter and 25 m line spacing providing new and improved detail. Advanced Geological Understanding: Advances Emperor's understanding of the structural framework and lithological controls crucial to mineralization. Revealed Greenstone Belt Architecture: Illustrates the underlying architecture of the greenstone belt; pinpointing areas to favorable ore environments. Discovery of Unknown Structur...

Karus Gold is pleased to announce, further to its news releases dated August 14, 2023 and December 18, 2023, the completion of its previously announced common share consolidation on the basis of one post-consolidation Karus common share for every ten pre-consolidation Karus common shares. In addition, as permitted by the Articles, the board of directors has approved and completed the change of name of the Corporation to "Karus Mining Inc." . The Consolidation and Name Change form part of a larger transaction pursuant to which a wholly-owned subsidiary of Karus will amalgamate with Theia Gold Corp. and each of the issued and outstanding common shares of Theia following the amalgamation will immediately be exchanged for 2.5414 post-Consolidation common shares of Karus . ...

Japan Gold Corp. is pleased to provide an update on the 2023 work programs completed on both the Company's Barrick Alliance projects and its own 100% owned projects across its Hokkaido, Honshu and Kyushu project portfolio, and outline work programs for 2024. Chairman and CEO, John Proust commented "Our 2023 exploration programs have yielded strong results and provided important insights and direction for our 2024 work programs. We are delighted that projects held within the Barrick Alliance and independently by Japan Gold are progressing well and demonstrate a high degree of prospectivity. We expect to accelerate activities by drilling the highest-ranked targets in 2024." Figure 1: Japan Gold and Barrick Alliance Priority Projects Across the Main Epithermal Districts of Japan...

Rare Element Resources Ltd. is pleased to announce that today it has commenced the previously announced rights offering to raise up to approximately US$35.8 million in gross proceeds. The Company will issue to the holders of its common shares on December 15, 2023, the record date for the rights offering, at no charge, one and four-tenth non-transferable subscription rights for each common share owned by each shareholder at the close of business on the record date. Each whole subscription right entitles the holder thereof to purchase one common share of the Company at a subscription price of US$0.12 per share . The rights offering also includes an oversubscription privilege that entitles shareholders who exercise their subscription rights in full under the basic subscription pr...