Omai Gold Mines Corp. announces that it has engaged Velocity Trade Capital Ltd. to provide market stabilization and liquidity services to the Company, in accordance with applicable securities laws and the policies of the TSX Venture Exchange , and pursuant to the terms of a liquidity program services agreement . Pursuant to the Services Agreement, Velocity Trade will manage trading of the Company's securities listed on the Exchange from time to time for the purposes of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company's securities. The funding and securities required for these services undertaken will be provided by Velocity Trade. In consideration for the provision of the services by Velocity Trade under the ...

Ares Strategic Mining is pleased to announce successfully completing its steel infrastructure purchase, and the commencement of the steel's fabrication in anticipation for construction in 2024. The structure allows for a multi-person crew to operate the processing system and provides the supporting build, around which the plant will be constructed. The Company intends to ship the steel structure with its new flotation plant and begin installation concurrently. The fabricated steel and plant will be installed on Ares' 50-acre indus...

Cameco today reported its consolidated financial and operating results for the fourth quarter and year ended Dec 31, 2023, in accordance with International Financial Reporting Standards. "Our 2023 financial performance benefitted from higher sales volumes and realized prices in our uranium and fuel services segments. Our net earnings, adjusted net earnings, and cash from operations all more than doubled compared to 2022, with adjusted EBITDA up 93%. In 2024, we expect strong financial performance as we begin to realize the benefits from our investment in Westinghouse. We plan to continue to transition to our tier-one cost structure and make the capital and other expenditures we believe are necessary to position the company for continued sustainable growth. Growth that will be sought ...

Drilling and Trenching Program Designed to Upgrade and Expand PGM+Au+Ni Mineralization at Luanga Bravo Mining Corp. today announces its plans for the advancement of its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project , located in the Carajás Mineral Province, state of Pará, Brazil. 2024 Luanga Plan Highlights Drilling Program - 16,000m of infill and drilling designed to upgrade and expand the known mineralization. Trenching Program - 11,000m of additional trenching along the entire 8km strike length of the Luanga deposit to more fully define and potentially expand the oxide mineralization. Drilling EM Anomalies - 3,000m of drilling allocated to follow up the HeliTEM identified anomalies, including down hole electromagnetic surveys. Metallurgy Program ...

Provides Inaugural Three-Year Operational Outlook and Updated Mineral Reserves and Resources New Gold Inc. is pleased to provide its inaugural three-year operational outlook and updated Mineral Reserve and Mineral Resources statement for the Company as of December 31, 2023. The Company will host a webcast today at 12:30 pm Eastern Time to discuss these items . The Company uses certain non-GAAP financial performance measures throughout this release. Please refer to the "Non-GAAP Financial Performance Measures" section of this news release for more information. Numbered note references throughout this news release are to endnotes which can be found at the end of this news release. Increasing Production and Decreasing Costs Highlight Strong Free Cash Flow Generation Over the Next...

Highlights: Heliostar undertakes review of financing options to complete the existing decline and test mining of a bulk gold sample in advance of a Feasibility Study Multiple scenarios show the potential to recover >20,000 ounces of gold from stopes averaging 7-10 g/t gold Demonstrates a potential pathway to production from test mining within 12 months The Company is assesing non-equity funding options for this program Heliostar has initiated a Preliminary Economic Assessment planned for completion in H2, 2024 Continued resource growth drilling, PEA, and underground permit modifcation submission to be completed in 2024 Heliostar Metals Ltd. is pleased to provide an update on the potential to advance the underground decline and complete test mining to process a bulk sample ...

DLP Resources Inc. announces receipt of complete rock sampling results for the area immediately NE of the current drilling at the Aurora porphyry copper-molybdenum project in southern Peru. Results for 40 rock samples taken to the NE of the DLP drilling identified an area of anomalous Cu, Mo and Ag extending over approximately 700m x 500m. This area also overlies a similar magnetic anomaly that underlies the main porphyry area. Highlights Rock chip sample 1062 returned 2.25% Cu and 195g/t Ag. This sample was taken from a moderately silicified and brecciated hornfels with mineralization consisting of pyrite-chalcopyrite-covellite-chalcocite and copper oxides. Sampling was done over a surface area of 10m x 10m. Further rock chip samples with highly anomalous Cu, Ag and/or Mo ...

Aura Minerals Inc. proudly announces that the Foundation San Andres, the social foundation of Minosa, has launched an innovative venture called Seeds of Hope aimed at fostering social and economic progress through the cultivation of grapes and wine production at the Minosa Mine , in Honduras. The Venture is designed to provide economic diversification and new employment opportunities in the surrounding local communities, with the potential to revitalize the regional economy for at least the next 50 years. Located within a one-hectare section of the Mine, the Seeds of Hope, will encompass the cultivation of eight distinct grape varieties, and is part of Aura's ongoing commitment to innovation, sustainable development and responsible mining. The Seeds of Hope has already yielded...

Highlights Processing facilities expected to be the largest nickel processing facility in North America and largest stainless-steel and alloy production facility in Canada, filling a key gap in the North American electric vehicle supply chain - utilizing proven, low environmental footprint technology. Both processing facilities to be designed to be net zero-carbon - utilizing Canada Nickel Company's carbon storage capacity to store CO2 generated by each facility. NetZero Metals led by Mike Cox with 35 years of nickel processing experience and senior leadership positions with Inco Ltd. and Vale SA overseeing a global portfolio of nickel refineries. Canada Nickel Company Inc. announced today its wholly-owned subsidiary, NetZero Metals Inc. , intends to develop two ...

Inca One Gold reports consolidated sales for December 2023 and comparative month over month operational results. The Company is pleased to report its highest level of monthly production this year as milling in Dec reached 6,281 tonnes, a 28% increase over November and a significant 58% increase year over year. During Dec, daily throughput for the Company also reached its monthly peak for the calendar year, as the Plants milled an average of 203 tonnes per day. Deliveries in December also finished on a positive trend and remained robust in the first two weeks of January. Consolidated Operations December 2023 November 2023 MoM change Sales $2.9 M $4.6 M -37% Deliveries 6,461 7,000 -8% Milling 6...

Fortuna Silver Mines Inc. is pleased to announce its objectives, metrics, and targets concerning its greenhouse gas emissions reduction pathways as part of the commitments contained in its Climate Change position statement disclosed in April 2022 . To this end, Fortuna: Has set a target to reduce Scope 1 and Scope 2 GHG emissions by 15 percent in 2030, compared to "business as usual" forecast GHG emissions in 2030 if no intervention measures were taken. Is committed to supporting the global ambition of net-zero GHG emissions by 2050 through investing in technology, energy efficiency initiatives, and renewable energy over the long-term, where such investments are reliable, affordable, and competitive. 2030 GHG emissions reduction target Based on an assessment of existing activi...

LithiumBank Resources Corp. is pleased to announce it has obtained funding from Next Generation Manufacturing Canada to acquire and supply brine from its Boardwalk lithium project for use in advanced carbon sequestration cement products. The funding is part of a combined commitment of $2.76 million awarded to LithiumBank, ZS2 Technologies Ltd. , Progressive Planet , Occam's Technologies Inc., and Falkbuilt Ltd. by NGen within its Advanced Manufacturing Projects program that aims to de-risk, commercialize, and scaling-up innovative manufacturing capabilities in Canada. The non-repayable grant supports a collaborative project by these five companies which aims to disrupt the construction industry by developing an advanced manufacturing solution to address the pressing global ne...

Storm Exploration Inc. today announced that the Option Agreement to acquire a 100% interest in the Miminiska and Keezhik gold properties has been amended. Option Agreement Amendment StormEx and Landore Resources Canada Inc. have agreed to amend the Option Agreement to acquire a 100% interest in the Miminiska and Keezhik Properties . The amendment modifies the schedule of remaining option payments which are outlined in Table 1. All other aspects of the Option Agreement remain unchanged. Key Points Payment dates for the final two instalments have each been extended by six months. The final two payments will be increased by 5% however, the increase can be reduced to 2.5% if payment is made at least two months prior to the revised due date. StormEx will make a good faith payment ...