FPX Nickel Corp. is pleased to announce that it has entered into a subscription agreement for a private placement financing with a new cornerstone strategic investor, Sumitomo Metal Mining Canada Ltd. , a wholly-owned subsidiary of Sumitomo Metal Mining Co., Ltd. . Under the terms of the Private Placement, FPX will issue 30,104,488 common shares in the capital of the Company to SMCL at a price of $0.48 per Private Placement Common Share, for gross proceeds of $14,450,154. Upon completion of the Private Placement, SMCL will own 9.9% of FPX's issued and outstanding common shares on a non-diluted basis. "This strategic investment by Sumitomo Metal Mining represents another significant technical validation of FPX's Baptiste Nickel Project , and underscores our view that Baptiste ...

Graphite One Inc. announces that the Company has delivered a termination notice pursuant to the memorandum of understanding that was originally entered into between the Company and Great Sunshine New Energy Material Co., Ltd. on January 7, 2022. Pursuant to the terms of the MOU, the MOU will terminate effective January 27, 2024. Under the MOU, Sunrise was to provide their expertise and technology for the design, construction, and operation of Graphite One's proposed U.S. - based graphite anode active material facility to produce artificial and natural graphite anode materials. Following the termination of the MOU, the Company remains committed to pursue and evaluate other opportunities for partnering with third parties with the expertise and technology to build an advanced gr...

Triple Flag Precious Metals Corp. announced quarterly revenue of US$51.7 million for the fourth quarter of 2023 and annual revenue of US$204.0 million for full year 2023. These results represent metal sales of 26,243 gold equivalent ounces1 for the fourth quarter of 2023 and 105,087 GEOs for full year 2023, in line with guidance. All dollar amounts are expressed in US dollars. "Triple Flag has achieved GEOs sales guidance for 2023, which represents the seventh consecutive annual GEOs record for the Company and a compound annual growth rate in GEOs of more than 20% since 2017," commented Shaun Usmar, CEO. "We expect this sector-leading organic growth profile to continue in accordance with our five-year outlook, supported by an active and actionable deal pipeline. As we enter 2...

Hole MTC-23-060 intercepted multiple near-surface lenses in the bulk tonnage MC Main Zone including 24.9 metres of 1.05 grams of gold per tonne and 41.8 m of 0.92 g/t Au at the Montclerg Gold Project . Hole MTC-23-062 returned one of the highest-grade intercepts drilled to-date within the bulk-tonnage style Main Zone of 3.09 g/t Au over 12.8 m and 1.16 g/t Au over 12.8 m near surface. Assay results from the Aljo Mine Target remain pending. Drilling is planned to resume in the first quarter with a primary focus at Montclerg and testing high-priority targets across the Goldarm Property. SASKATOON, Saskatchewan, Jan. 17, 2024 -- GFG Resources Inc. reports further gold assay results from the recently completed 2023 Phase 2 drill program at its Montclerg Gold Proje...

Impact Silver Corp. is pleased to announce initial results of an ongoing exploration program being undertaken at the recently acquired Plomosas zinc mine in northern Mexico. Highlights include drill hole TAS-23-18 which cut three mineralized intervals: 2.7 meters with 11.07% zinc and 9.24% lead, 6.9 meters with 10.22% zinc and 5.43% lead, and 3.6 meters with 10.91% zinc and 2.07% lead. The Company has undertaken a surface drill program to test mineralization near the "Très Amigos" section of the mine and has conducted a sampling program in stopes of the Plomosas mine that were partially exploited by the previous operator. HIGHLIGHTS Initial drill results from the Très Amigos drill program have confirmed the presence of high-grade mineralization in the Juarez horizon, near acce...

Dakota Gold Corp. is pleased to report assay results from drill hole MA23C-026 at the Maitland Gold Project including the highest-grade intersection to date by the Company. Gold mineralization occurs in the Homestake Formation and contains visible free gold associated with lower sulfide quartz-carbonate veins. MA23C-026 was designed to test the southern extent of the Homestake-style gold mineralization found between MA23C-017 and MA23C-022 . The intercepts in MA23C-026 significantly expand the Maitland target area and validate our exploration model for Homestake-style gold mineralization. Maitland is located 3.1 miles northwest of the +40-million-ounce historic Homestake Mine and hosted within the same structural corridor. Highlights : MA23C-026 intersected: 0.227 oz/ton Au o...

K2 Gold Corp. today announced the results from rock grab and chip sampling at its Mojave Project, located in Inyo County, California. Highlights Sampling at the Gold Valley target located on the east side of the property returned grab samples of 208 g/t gold and 32.1 g/t gold from initial prospecting. Gold Valley is located 1.5km north-northwest along the same structure as the Dragonfly target, a high-grade gold zone which K2 successfully drilled in 2020 with a highlight result of 86.9m of 4.0 g/t gold from surface. The mineralized corridor from the Newmont, Dragonfly, and the Gold Valley targets now extends for over 4.5km. Sampling at the Soda Canyon target in the northwest of the Project area returned a sample grading 1.87% copper, and two additional samples with greater th...

Stallion Uranium Corp. is pleased to announce that it has acquired by staking three new prospective uranium exploration dispositions in northern Saskatchewan, increasing Stallion's total land package to 313,381 hectares . The three dispositions add an additional 13,175 hectares to Stallion's 100% owned holdings in the Athabasca Basin. "In the Athabasca Basin, home to the highest-grade uranium deposits in the world, landholdings have become an increasingly competitive environment. With this staking we have added over 32,000 highly prospective acres to what was already the largest exploration project in the prolific southwestern Athabasca Basin," stated Drew Zimmerman, CEO. "This addition builds on Stallion's strategy to secure large, high potential land packages and work to ad...

Pan American Silver Corp. announces its preliminary production results for 2023 and its guidance for 2024. The 2023 production results reflect the addition of four producing mines following Pan American's acquisition of Yamana Gold Inc. , which was completed on March 31, 2023; accordingly, annual consolidated production results and individual production results from Jacobina, El Peñon, Minera Florida and Cerro Moro reflect production from the Acquired Operations during the nine-month period from March 31, 2023 to December 31, 2023, unless otherwise expressly stated. Production for the original Pan American operations reflects the full 12-month period of 2023. Consolidated silver production of 20.4 million ounces in 2023 was slightly below the 2023 guidance range of 21.0 to 23....

East Hilltop Zone - 9.5% Zn, 0.3% Cu & 12.6 g/t Ag over 114.3 m incl. 17.7% Zn, 0.4% Cu & 10.2 g/t Ag over 36.6 m Upper Hilltop Zone - 2.1 g/t Au, 514.8 g/t Ag, 3.1% Zn & 23.4% Pb over 10.0 m Upper Hilltop Zone - 0.6 g/t Au, 332.9 g/t Ag, 8.8% Zn & 18.8% Pb over 32.0 m i-80 Gold Corp. is pleased to report positive results from ongoing drilling at the Company's 100%-owned Ruby Hill Property located in Eureka County, Nevada. The results are from the 2023 program that continues to demonstrate significant potential to expand high-grade polymetallic mineralization in the Hilltop fault structure and within the Hilltop Corridor. The East Hilltop Zones were discovered while testing the eastern extension of the Hilltop fault structure where high-grade mineralization had previously bee...

Atha Energy Corp. , holder of the largest uranium exploration portfolio in the highest-grade uranium district in the world, is pleased to announce results from its large-scale electromagnetic surveys at its 100%-owned North Valour-East Project . The Project is located in Saskatchewan's Athabasca Basin, within the Company's North Rim Exploration District . EXPLORATION OUTLOOK ATHA's recently announced acquisition of Latitude Uranium and 92 Energy is expected to provide the pro-forma company with a newly diversified portfolio of uranium projects across the exploration risk curve on top of a strong balance sheet to sufficiently capitalize its exploration-at-scale strategy. Going forward, ATHA's exploration approach is designed with the intention of providing maximum exploration ...

/Not for distribution to U.S. newswire services or for dissemination in the United States/ Defense Metals Corp. is pleased to announce that it has entered into a Co-Design Agreement with the McLeod Lake Indian Band , regarding ongoing project development of Defense Metals' 100% owned Wicheeda Rare Earth Element Project located 80 kilometres northeast of Prince George, British Columbia. The Co-Design Agreement Pursuant to the Agreement, Defense Metals will collaborate on the design of the Wicheeda Project with MLIB. Collaboration will incorporate MLIB's interests and priorities in the planning and design of future feasibility studies and the environmental assessment process and include MLIB involvement in certain technical studies related to the Wicheeda Project. Comprehensive...

Sienna Resources Inc. is pleased to announce that it has acquired the 10,845 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation in the world renowned Athabasca Basin of Saskatchewan. According to the World Nuclear Association , the highest-grade uranium mine in the world is Cameco's Cigar Lake in the Athabasca Basin of Saskatchewan, Canada. It has an average grade of 14.69% U3O8. The Athabasca Basin is home to the highest-grade uranium deposits in the world, which includes the highest grade uranium mine in the world owned by Cameco Corporation. In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada, the second-best jurisdiction globally. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may n...