Globex Mining Enterprises Inc. is pleased to inform shareholders that Infini Resources Limited , an Australian public company, has now met all the terms of the agreement signed on January 27, 2022 regarding their acquisition of Globex's Des Herbiers uranium project, located northeast of the town of Johan Beetz , Quebec. Globex previously received C$100,000 related to signing of the contract with the condition of an additional payment of C$200,000 and C$300,000 Infini shares at AUD$0.20 within 30 days of receiving the conditional admission letter from the security authorities. Infini has received the required listing document and thus Globex has received the $200,000 cash payment and been issued 1,672,427 shares. Globex retains a 3% Gross Metal Royalty of which 1% GMR may be pu...

Wedgemount Resources Corp. , is pleased to announce an update on its well stimulation and facility optimization programs for the Company's central Texas oil and gas assets. A total of twenty operating wells have been treated to date - thirteen of which have undergone reservoir stimulations, an additional six have had near wellbore chemical treatments and one injection well at the Willowbend asset has undergone multi-phase chemical treatments. The Company has also completed the optimization of sub-surface equipment as needed. Initial well performance has been in-line with management expectations and the Company anticipates that all treated wells will be back on daily production in early February. Wedgemount will provide updated production numbers in the coming weeks once the w...

Portofino Resources Inc. and Lithium Chile Inc. are pleased to announce a 50:50 net equity Partnership Agreement following a successful tender for an 8,445 hectare concession within the lithium-bearing Arizaro Salar in Argentina . The Companies had previously submitted separate offers in a public tender for five concession areas in the province of Salta with Arizaro IV being the largest of the five concession areas. Figure 1: Arizaro Area IV To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3751/193455_0145707354ce098e_001full.jpg Mr. David Tafel, President & CEO of Portofino, commented: "The exploration knowledge gained through Portofino's initial concession identification and foresight combined with geological due...

Lithium Chile is proud to announce that it's 100% owned Argentinian subsidiary, Argentum Lithium, has been awarded Block IV in the recently completed bidding round in the Salar de Arizaro. Block IV is an 8,445-ha concession and was awarded by the Salta Provincial Mining and Energy Corporation. Argentum was one of thirteen companies that competed in a public tender process that encompassed five different Blocks. Block IV was the largest of the five blocks. Strategically located north of Lithium Chile's 20,800-hectare project in the Arizaro basin, Block IV is situated approximately 18 kilometers north of the ARDDH-02 well that the Company has already drilled. Steve Cochrane, Lithium Chile's President, and CEO stated, "Being a...

Leocor Gold announces that it has completed its strategic investment in Intrepid Metals Corp. The Company has subscribed for and acquired 6,600,000 units and 2,223,529 pre-funded special warrants of Intrepid at a price of $0.34 per Unit and Special Warrant for an aggregate investment of $3 million. Each Unit consists of one common share of Intrepid and one common share purchase warrant entitling the Company to acquire one additional common share at a price of $0.40 until January 5, 2026. Each Special Warrant entitles the Company to acquire one Unit, for no additional consideration, but subject to an exercise limitation such that the Company may not exercise if it would result in them having beneficial ownership over common sha...

Kuya Silver Corp. is pleased to announce that it has begun development of the past-producing Bethania silver mine project in Peru, in preparation to commence production later this year. Kuya Silver is pleased to provide this update on current activities and plans to provide further details in the coming months. Commencing Underground Development Kuya Silver's Peruvian subsidiary, Minera Toro de Plata has commenced an underground development and reconditioning program as an initial step to resume operations at the Bethania silver mine. Initially the program will involve inspecting, reinforcing, updating and improving underground support in several areas required to access future production areas and other critical path underground infrastructure. The sequence of underground de...

Lara Exploration Ltd. is pleased to announce the appointment of Simon Ingram as President, CEO, and a Director of the Company, with Miles Thompson remaining in his role as Chairman. Miles Thompson commented: "On behalf of us all at Lara, I'd like to welcome Simon to the team, we very much look forward to working with him again. The Planalto Copper-Gold discovery in the Carajás of Brazil is now back 100%-owned, and we see a great opportunity to create value for shareholders by moving it through the next development stages." Simon Ingram is a senior international executive with strong technical and public company leadership experience, which he gained during over 25 years working globally in natural resource industries. Simon was a co-founder of Reservoir Capital and Reservoir M...

HIGHLIGHTS Several recent drill holes in Anitta 3 and Anitta 4 pegmatites intersected further high-grade lithium mineralization: Drill hole DHAB-345 intersected 1.44% Li2O over 47.00m from 59m depth DHAB-347 intersected 1.32% Li2O over 42.88m from 133m depth and 1.20% Li2O over 9.65m from 223m depth DHAB-354 intersected 1.06% Li2O over 11.60m from 153m depth DHAB-356 intersected 0.96% Li2O over 12.55m from 29m depth and 1.96% Li2O over 3.40m from 127m depth Drill hole DHAB-339 intersected 1.52% Li2O over 20.90m from 82m depth and 1.70% Li2O over 9.00m from 162m depth At Anitta 4, DHAB-353 intersected 1.41% Li2O over 7.63m from 79m depth and DHAB-362 intersected 1.41% Li2O over 6.30m from 102m depth Drone magnetics geophysics surveys have now started and are planned to cover the entire Neve...

VVC Exploration Corp., dba VVC Resources, or , announces the following update on its ongoing Syracuse Helium/Natural Gas Project in Kansas: Successful Production Commencement at Durler 2-21 Following our previous announcement on November 16, 2023, we are pleased to report that the Durler 2-21 well has transitioned from successful completion to active production. This milestone signifies a stable economic output, marking Durler 2-21 a key contributor in the Company's portfolio. The well's performance continues to be closely monitored and adjusted to optimize its output and efficiency. The objective of the optimization is to reach the maximum stable production level without negatively impacting total production of the well. The gas quality is as expected: helium content is 1.2%...

Traction Uranium Corp. a uranium exploration company with projects in Saskatchewan's Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company's Hearty Bay Project. Traction will be conducting a gravity survey on Hearty Bay prior to diamond drilling to maximize targets for this winter's program. The Hearty Bay Project is an ice-road program and suitable ice thickness must be achieved prior to mobilizing drilling equipment over the ice. The gravity survey crew is currently mobilizing to Fond du Lac as ice thickness is enough to allow snowmobiles to access the project. Technical Details of Program: The gravity survey will cover approximately 16 square km with stations spaced at 100m, the grid located north and east of the two boulder trains....

Prosper Gold Corp. is pleased to announce that diamond drilling has commenced at the Golden Sidewalk Project, Red Lake Mining District, Ontario. Up to 2,500 metres will be drilled at several previously untested targets within the greater Skinner Target Area . The costs of the upcoming drill program will be offset by funding support from the Ontario Junior Exploration Program , which will cover up to 50% of eligible exploration costs to a maximum of $200,000 in respect of expenditures incurred by the Company. Skinner The Skinner Target Area is a 2.5 by 1.5 kilometre area of coincident high IP chargeability and resistivity under glaciofluvial cover with numerous WNW-trending shear zones with anomalous down-ice gold grain-in-till samples. Preliminary drilling in this area in Nov...

Altius Minerals Corp. is pleased to provide an update on its Project Generation business activities and its public junior equities portfolio. The market value of the junior equities portfolio at December 31, 2023 was $45.1 million, as compared to $44.6 million at September 30, 2023. During the year, new cash-based investments amounted to $1.6 million and the market value of shares received as part of property sales agreements totaled $2.8 million. Proceeds from sales of public equities from the portfolio totaled $1.2 million. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities. In 2023, greater than 300,000 metres of exploration and delineation drilling, with an estimated cost to the operator...

Western Exploration Inc. is pleased to announce final assay results and structural interpretation from the 2023 core drilling program in the Jarbidge rhyolite north-east of the Gravel Creek resource area at the Company's wholly-owned Aura gold-silver project . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108391068/en/ Figure 1. Plan map showing location and key intercepts in holes WG456 and WG457 relative to +3.0 g/t Au Gravel Creek resource blocks. Section A-A is shown in Figure 3. Highlights from 2023 Drill Program Two oriented core holes were completed to evaluate resource expansion potential in the mineralized vein/breccia trends north-east of the Gravel Creek resource area . Hole WG457 reported individual...