Vortex Metals Inc. is pleased to announce the hiring of "GeoSupply" a Chile based Geology & Diamond Drilling Services Company for the commencement of its 3,000 metres, Phase-1 drilling and exploration program at the Illapel Copper Project located in the Choapa Province of Chile. GeoSupply has drilling equipment with core recovery oriented to provide drilling services from surface or subway workings, without angle restriction and with lengths or depths up to 1,000 meters. GeoSupply has its own staff of qualified personnel to meet the operational needs of the field and a stock of accessories, spare parts and systems capable of solving the different types and conditions of the rocks to be drilled. It has worked with several mining and exploration companies in Chile and has recei...

HALIFAX, NS, July 24, 2024 /CNW/ - Fortune Bay Corp. is pleased to announce completion of the 2024 summer drill program on the Murmac Uranium Project , located in northern Saskatchewan near Uranium City. The program was designed to test regional targets across the Project for high-grade, unconformity-related basement-hosted deposits typical of the Athabasca Basin. The drilling program was funded by Aero Energy Ltd. , and was operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023. Highlights: An average of 1,309 counts per second was intersected over 8.7 metres in hole M24-017 in structured graphitic pelite, with up to 33,600 counts per second associated with visible uranium mineralization. This interval is located approximately...

TSX Venture Exchange : LIT Frankfurt Stock Exchange : OAY3 OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. , announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows: 16,630,000 warrants that are set to expire on August 11 and August 25, 2024 to be extended to August 11 and August 25, 2027 respectively. These warrants were originally issued under a private placement completed by the Company in 2 Tranches in August 2022. The exercise price of the warrants will remain at $0.38. Each warrant, when exercised, will be exchangeable for one common share of the Company. The Company further reports that 9,100,000 of the 16,630,000 Warrants are held by insiders of the Company. As such, the exten...

MAG Silver Corp. reports production from Juanicipio and MAG, respectively) for the second quarter ended June 30, 2024. Q2 Highlights Expanding throughput: Juanicipio processed 336,593 tonnes of ore in Q2 continuing to build on daily milling rates. Consistent with Q1, all ore was processed at the Juanicipio plant in Q2. Continued strong grades: The average silver head grade for the quarter was 498 grams per tonne , surpassing the previous quarter and reaffirming the high-grade nature of the Juanicipio deposit which continues to demonstrate its significant long-term potential. Enhanced recovery: Metal recovery rates improved compared to the previous quarter showcasing the ongoing operational enhancements and circuit optimization efforts at Juanicipio. Commercial pyrite productio...

Endeavour Silver Corp. is pleased to provide a Q2 2024 construction progress update for its Terronera Project in Jalisco state, Mexico. A photo gallery presentation accompanies this news release and can be found here or on the Company website at Terronera Project Progress Photos. All dollar references in this news release are United States dollars. The Terronera project continued to make significant progress in the second quarter, as concrete and structural steel work are nearing completion on the Upper Plant Platform for areas including crushing, coarse-ore storage, grinding, flotation, and thickening. The Project remains on track for commissioning in Q4 2024 as major mechanical installations continued to advance on schedule. "Construction is well past the halfway mark, and s...

Media Advisory: Hut 8 Announces Conference Call to Discuss Second Quarter 2024 Results Hut 8 Corp. , a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, will host a conference call and webinar on Tuesday, August 13, 2024 to review second quarter 2024 results. Who: Analysts,media, and investors are invited to attend. What: Hut 8 executives will review the Company's financial results for the second quarter of 2024. When: Results will be shared via media release and on the Company's website at https://hut8.com/investors/ on August 13, 2024. The conference call and webinar will begin at 8:30 a.m. ET. Where: The webcast can be viewed here. Analysts can register here. About Hut 8 Hut 8 Corp. is an energy infrastructure...

Bayridge Resources Corp. . The data package has been sent to in3D Geoscience Inc., for interpretation and priority ranking of the anomalies in advance of H2 drilling. Bayridge is fully funded to undertake the drilling program with the cash currently in the treasury. Figure 1 East Waterbury Project VTEM B-Field Z Component Channel 30, Time Gate 0.880 ms To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10256/217546_a9b13e9e444c590e_001full.jpg "The Bayridge technical team is very pleased to see the positive initial results from the Waterbury East VTEM survey which appears to further delineate the prospective ENE trending corridor," commented President & CEO, Saf Dhillon. "We will let the experts at in3D Geoscience further define a...

The City of Chapais and the metal exploration company QC Copper & Gold have implemented an official working group to ensure the exploration and development of the Opémiska project within the city limits of Chapais are conducted according to the highest industry standards. The working group, City/Mine Group is a forum for constructive dialogue to ensure that the Opémiska project is explored and developed according to the values and expectations of Chapais citizens while maximizing economic benefits. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9282/217464_figure1.jpg What is the City/Mine Group? The CMG allows representatives from QC Copper & Gold and the Chapais leadership team to discuss issues transparently and on an equal foot...

NYSE: VZLA TSX-V: VZLA After-Tax NPV of US$1,137 million, After-Tax IRR of 85.7%, Initial Capex of US$224 million, Average Annual Production of 15.2 million oz AgEq at AISC of US$9.40 per oz AgEq Vizsla Silver Corp. is pleased to announce the results from the independent preliminary economic assessment on its 100%-owned flagship Panuco silver-gold project located in Mexico. The PEA, completed by Ausenco Engineering Canada ULC , supported by Entech Mining Ltd. and SGS Canada Inc. , provides a robust base case assessment for developing Panuco as a long-life, high-margin underground precious metals mine with low initial capital requirements and a fast timeline to production. "An estimated after-tax NPV of more than US$1.1 billion, an after-tax IRR of 85.7% and a payback period o...

Alpha Exploration Ltd. announces today that it has entered into an agreement pursuant to which Cormark Securities Inc. and Canaccord Genuity Corp. have agreed to act as co-lead agents and bookrunners , on behalf of a syndicate of agents in connection with a brokered private placement of 6,670,000 ordinary shares of the Company on a "best efforts" agency basis at a price of $0.90 per Share for aggregate gross proceeds to the Company of $6.0 million . In addition, the Agents have been granted an option exercisable, in whole or in part, up to the closing date to sell up to an additional 1,000,500 Shares at the Offering Price for additional proceeds of C$900,450. The net proceeds from the Offering will be used for exploration and development activities at the Company's projects i...

KEY POINTS Quarter highlights Plutonic and Henty quarterly production 24,576oz and 6,926oz respectively - both representing the most successful production quarters under Catalyst ownership Cashflows from operations allowed Catalyst to end the quarter with $37m in cash and bullion, $45m liquidity and only $8m debt in the form of a 2,220oz gold loan repayable in six, monthly instalments Studies confirmed Trident and Plutonic East as near-term, low-cost development priorities Reported maiden Ore Reserve Estimate for Trident, increasing group Reserves to 793koz Production Gold produced for the quarter totalled 31,502oz at an average AISC of A$2,352, comprising: Plutonic: 24,576oz gold produced at an AISC of A$2,291/oz Henty: 6,926oz gold produced at an AISC of A$2,524/oz Discovery and Growth H...

Teck Resources Ltd. today announced its unaudited second quarter results for 2024. "We generated $1.7 billion of Adjusted EBITDA1 in the second quarter driven by record copper production with QB ramp-up continuing, as well as strong copper market fundamentals with copper prices reaching all-time highs," said Jonathan Price, President and CEO. "In early July, we completed the sale of our steelmaking coal business, and we now move forward as a pure-play energy transition metals company with leading copper growth. With cash proceeds of US$7.3 billion we will reduce debt, retain cash to fund our near-term copper growth, and return significant cash to our shareholders." Highlights Adjusted EBITDA1 of $1.7 billion in Q2 2024 was driven by record copper production as Quebrada Blanca c...

Jiangxi Copper Company Ltd. ‎announces that today, JCC and First Quantum ‎Minerals Limited , a company listed on the Toronto Stock Exchange, entered into a shareholder rights agreement . The Shareholder Rights Agreement is expected to support the reasonable sharing of best practices between the parties across the copper value chain, including in smelting and refining, in which JCC is a world leader. The four key provisions of the Shareholder Rights Agreement are: Nomination rights: JCC will have the right to nominate one person for consideration by the Nominating and Governance Committee of the board of First Quantum, which will make a recommendation to the board regarding the appointment or election of such nominee as a member of the board; Standstill: JCC has agreed ...