Ecora Resources PLC announces that it has entered into an amendment and extension of its $150 million revolving credit facility agreement with its existing syndicate of Scotiabank, CIBC and RBC. The agreement also includes an uncommitted accordion feature of up $75 million to be used to fund royalty acquisitions which, if implemented, would take the potential borrowing capacity up to $225 million. The facility has a maturity date of January 2027 with the potential to extend the tenor twice by up to 12 months on each occasion, is largely on the same terms as the previous facility and will be subject to SOFR plus a ratchet between 2.25% and 4.00%, depending on leverage levels. Commenting on the refinancing, CFO, Kevin Flynn said: "The continued and enhanced support from our len...

Desert Mountain Energy was not able to file its annual audited financial statements for the year ended September 30, 2023 and its related MD&A, and chief executive officer and chief financial officer certifications in respect of the foregoing, as well as its statement of reserves data and other oil and gas information, report on reserves data by an independent qualified reserves evaluator or auditor, report of management and directors on oil and gas disclosure and notice of filing of 51-101F1 information , by the prescribed filing deadline of January 29, 2024 . The Company made an application to the British Columbia Securities Commission for a temporary management cease trade order under National Policy 12-203 - Management Cease Trade Orders . The MC...

Osino Resources Corp. is pleased to announce that the Supreme Court of British Columbia has issued an interim order in connection with the previously announced plan of arrangement under the Business Corporations Act , pursuant to which Dundee Precious Metals Inc. will acquire all of the issued and outstanding common shares of Osino . For further information on the Arrangement and the definitive arrangement agreement between Osino and DPM , please refer to the joint news release of the parties dated December 18, 2023. Interim Order The Interim Order authorizes, among other things, the holding of a special meeting of holders of securities of the Company as of the record date of January 10, 2024 . At the Special Meeting, Securityholders will be asked to consider and...

Ucore Rare Metals Inc. is pleased to announce a closing of its previously announced non-brokered private placement of new convertible debentures for aggregate gross proceeds of $1.5 million . Proceeds from the Offering are to be used for general working capital purposes. Pursuant to the Offering, the Company has issued 1,510 convertible debentures at a price of $1,000 per Debenture. The Debentures bear interest at a rate of 7.5%, payable semi-annually on the last day of June and December of each year, commencing on June 30, 2024. The Debentures have an approximately two-year term with the principal amount being due to be repaid in full by the Company on January 31, 2026. The Debentures are unsecured. At any time during the term of the Debentures, a holder may elect to convert ...

Established gold producer Austral Gold Ltd. is pleased to announce that it has filed its Q4 2023 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com/. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva. For more information, please contact: Jose Bordogna Chief Financial Officer Phone: +61 466 892 307 jose.bordogna@australgold.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196262...

It was a strong operational quarter for Sayona Mining Ltd. , with ore mined and concentrate production at NAL increasing compared to the prior quarter. NAL produced 34,237 dry metric tonnes of concentrate at the target quality of 5.5% Li2O, up 9% on the previous quarter, while major capital projects such as the Crushed Ore Dome were advanced. The NAL team continues to explore options to optimise production processes, with initiatives to add new flotation instrumentation, additional monitoring of ore sorters and refinement of plant maintenance strategies well underway. Exploration activity continued during the December quarter, with drilling at NAL and Vallee Lithium completed, providing the potential for further increases to the existing NAL lithium resource base. The first d...

Established gold producer Austral Gold Ltd.'s announces updates to its loan arrangements with related parties. A loan of up to US$3 million provided by Inversiones Financieras del Sur S.A. , the Company's largest shareholder, was announced on 15 September 2023 of which IFISA has funded US$2 million . Mr. Eduardo Elsztain and Mr. Saúl Zang, two of the Company's directors, also loaned US$850,000 and US$150,000 respectively through loan agreements under the same terms as the IFISA Loan 2. It should also be noted that Mr. Elsztain has control over IFISA. A US$1 million loan, announced 13 March 2023 from Mr. Elsztain and Mr. Zang , has been extended to 31 March 2024. A US$0.555 million loan, announced 23 May 2023 from IFISA , has been extended to 10 February 2024, with a revised i...

Andean Precious Metals Corp. today announced that its wholly owned subsidiary, Golden Queen Mining LLC, has returned to normal production following the previously announced fire on December 13, 2023. The secondary crusher circuit, which was damaged in the fire, is now repaired and fully operational. "I'd like to thank our team and our trusted suppliers and contractors for their tireless efforts in completing equipment repairs in a timely and efficient manner," said Alberto Morales, Executive Chair and CEO. "While the extent of the structural damage was not as serious as first anticipated, their efforts helped us return to regular operations and full production weeks earlier than anticipated." As previously announced, the Company expects lower production in the first quarter o...

Venus Metals Corporation Ltd.'s activities conducted during the quarter ending 31 December 2023 include the following: Youanmi Lithium Project - Deep South Prospect : The Youanmi Deep South mineralization is a significant new lithium find situated in a poorly outcropping and under-explored area directly east from the crustal-scale Youanmi Fault Zone, in a newly defined southern extension of the Youanmi Greenstone Belt. - Several new areas with petalite-bearing pegmatites identified at the Deep South Prospect. The footprint of outcropping lithium-rich pegmatites has now been extended to a 450m x 450m area. - The areas of mapped lithium pegmatites occur within an extensive and regionally significant >110 ppm Li2O UltraFine soil anomaly measuring about 1.1 km x 1.75 km with t...

Northcliff Resources Ltd. is pleased to announce that further to its press release dated January 23, 2024, it has closed a non-brokered private placement of 37,333,333 common shares of the Company at a price of $0.01875 per Common Share with the Todd Sisson Limited for gross proceeds to the Company of $700,000. Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at www.northcliffresources.com....

Horizon Minerals Ltd. is pleased to provide the December 2023 Quarterly Activities Report. Horizon is an exploration and production company within the Kalgoorlie and Coolgardie regions of Western Australia. A key focus for the Company is on near term production and exploration upside within our 1,000 km2 tenement package. The company holds numerous multi - commodity assets including 1.28 Moz of gold resources, the Nimbus Silver Zinc project in Western Australia and listed investments including Richmond Vanadium Technology which holds the world class 1.8Bt Richmond vanadium project in northwest Queensland. Activities during the quarter centred on updating resource models following drilling at Pennys Find, and preproduction activities commencing at the Cannon Project including ...

Work on the DFS continued during the quarter. Cobalt Blue Holdings Ltd. is managing the delivery of the Broken Hill Cobalt Project Definitive Feasibility Study . As previously advised, three engineering firms have been contracted to provide design and costings as per the following allocation of expertise: - Worley is completing the process plant design and reviewing COB's test work program . - GHD is designing the non-process plant infrastructure and tailings/mine waste management . GHD is also preparing the EIS and associated permit applications. - SRK is preparing the resource and reserve statements, based on the resource block model and mining studies. COB is delivering all other aspects of the DFS. Demonstration Plant operations Operations continued at the Demonstration P...

Record quarterly production of 4.0M wmt, surpassing Bloom Lake's expanded nameplate capacity, revenue of $507M, EBITDA of $247M1 and EPS of $0.24 Advanced work programs in connection with the final investment decision for the DRPF Project Positive results from the Kami Project Study, positioning the Company to consider strategic partnerships to advance the project MONTRÉAL, Jan. 30, 2024 /CNW/ - - Champion Iron Ltd. is pleased to announce its operational and financial results for the 2024 financial year third quarter ended December 31, 2023. Champion's CEO, Mr. David Cataford, said: "We are excited to implement key elements of our expansion strategy, with the receipt of an allocation of additional hydroelectric power from Hydro-Québec and our recently secured additional finan...