Myriad Uranium Corp. announced today that it has issued an aggregate of 1,425,000 stock options to directors, officers and consultants of the Company. Each option is exercisable for one common share at an exercise price of $0.20 per share for five years from the date of grant. Certain directors and officers of the Company received stock options, and such issuance of stock options is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 . This is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such issuance of stock options does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. About Myriad Uranium Corp. [wp=386...

Kainantu Resources is pleased to announce that it has closed the second and final tranche of its previously announced private placement financing of C$2,000,000, originally announced on November 23, 2023. In the first tranche of the Offering, the Company has issued an aggregate of 87,500,000 common shares of the Company at a price of C$0.02 per Share to raise gross proceeds of C$1,750,000. In the second and final tranche of the Offering, the Company has issued an aggregate of 12,500,000 Shares at a price of C$0.02 per Share to raise gross proceeds of C$250,000. The Common Shares issued pursuant under the second tranche of the Offering are subject to a statutory hold period of approximately four months ending on May 4, 2024, in accordance with applicable securities law...

Teck Resources Ltd. , today announced the closing of the sale of a minority interest in its steelmaking coal business, Elk Valley Resources , to Nippon Steel Corporation and POSCO. NSC has acquired a 20% interest in EVR in exchange for its prior 2.5% interest in Elkview Operations plus US$1.3 billion in cash paid at closing to Teck and US$0.4 billion paid subsequently to Teck out of cash flows from EVR. POSCO has exchanged its 2.5% interest in Elkview Operations and its 20% interest in the Greenhills joint venture, for a 3% interest in EVR. Closing of the sale of the remaining interest in EVR to Glencore plc is expected to occur in the third quarter of 2024, subject to the satisfaction of customary conditions, including receipt of approvals under the Investment Ca...

Pacific Empire Minerals announces that it has closed the first tranche of the non-brokered private placement announced on Dec 19, 2023. Under the first tranche of the Offering, the Company issued 9,000,000 common shares at a price of $0.01 per Share, and 10,999,999 "Flow-through" shares at a price of $0.015 per FT Share, for aggregate gross proceeds of approximately $255,000. The proceeds of the FT Shares portion of the first tranche of the Offering will be used for the exploration of the Company's Trident project, and the proceeds of the Shares portion of the first tranche of the Offering will be used for general corporate purposes and exploration of the Company's properties. In connection with the Private Placement, the ...

Silver One Resources Inc. announces it will be applying for approval from the TSXV to further extend the expiry date of 8,297,000 share purchase warrants issued to subscribers under the Company's private placement that closed on January 20, 2020. The Expiry Date was extended pursuant to the Company's news releases dated Jan 2, 2023 and January 9, 2023. The Company intends to further extend the Expiry Date as follows: 4,576,000 Warrants from January 13, 2024 to January 13, 2025; and 3,721,000 Warrants from January 17, 2024 to January 17, 2025. The exercise price of $0.40 and all other terms of the Warrants will remain unchanged for the extended exercise period. The extension is subject to approval from the Exchange. About Silver One Silver One is focused on...

Stratabound Minerals is pleased to announce a non-brokered financing for $1,500,000 by issuing 60,000,000 units at $0.025 per unit. Each $0.025 unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of $0.05 per common share for a period of two years following the date of closing. The Company may accelerate the expiry date if the shares trade at $0.30 or more for a period of 10 days, including days where no trading occurs. The closing of the offering is expected to occur one business day following receipt of all required regulatory approvals. The offering may be closed in one or more tranches. The total number of units issued in connection with the offering may...

Cleveland-Cliffs announced today that it has appointed renowned private equity executive, labor and political advisor Ron Bloom to its Board of Directors, effective immediately. With the addition of Mr. Bloom, the Cleveland-Cliffs' Board of Directors is now comprised of eleven members, of which ten are independent directors. After graduating with Distinction from the Harvard Business School, Ron Bloom started his career as an investment banker at Lazard, a firm he later re-joined as Vice Chairman, U.S. Investment Banking. After his first tenure at Lazard, Mr. Bloom represented the interests of organized labor, including serving as Special Assistant to the President of the United Steelworkers from 1996 to 2009. In 2002, Mr. Bloom played an active role in the sale of the assets of LTV Steel ...

TORONTO, Jan. 3, 2024 /CNW/ - Trading resumes in: Company: First Quantum Minerals Ltd. TSX Symbol: FM All Issues: No Resumption : 11:41 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is...

TORONTO, Jan. 3, 2024 /CNW/ - The following issues have been halted by CIRO: Company: First Quantum Minerals Ltd. TSX Symbol: FM All Issues: No Reason: Single Stock Circuit Breaker Halt Time : 11:36:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff c...

Namibia Critical Metals Inc. is pleased to announce the successful completion of the pilot plant flotation test work for its "Lofdal 2B-4" heavy rare earth project. From October to December 2023, rigorous tests were conducted on a 5-ton representative bulk sample from the Lofdal Area 4 starter pit at SGS Lakefield. Based on preliminary data, the pilot plant program confirms the reproducibility of the grinding and flotation regime for the Lofdal flowsheet and the ability to scale-up the design with confirmation of engineering design criteria. Through an extensive flotation optimization program conducted at SGS in 2023, several adjustments were undertaken to the flotation parameters developed in 2022 . The applied optimization steps aimed at decreasing operating expenditures co...

Guardian Exploration announces that it has confirmed attendance and secured booth space at the Future Minerals Forum at King Abdulaziz International Conference Center, Riyadh, Saudia Arabia from Jan 9 to 11, 2024. "The Future Minerals Forum is an essential event focusing on mining in the Middle East and is particularly relevant for Guardian's planned expansion into Saudi Arabia through our proposed transaction with Site Exploration Mining Company," says Graydon Kowal, President and CEO of Guardian. "We are excited to be attending this event in a jurisdiction that encourages sustainable mining development and foreign investment." Site Exploration Mining Company , a Saudi Arabian mining company, holds mineral exploration licenses for five pro...

Canada Rare Earth Corp. is pleased to announce the appointment of Mr. Donald Anderson as Chief Investment Officer , effective January 1, 2024. Canada Rare Earth is excited to welcome Mr. Anderson as CIO, where he will play a pivotal role in driving the Company's growth and making strategic investment decisions within the rare earth and essential minerals industries. His appointment reinforces confidence in the Company's prospects and underscores its commitment to achieving strategic objectives. CEO of Canada Rare Earth, Peter Shearing, expressed his enthusiasm, stating, "Don's extensive experience in both financial markets and entrepreneurship, particularly in Africa, aligns perfectly with our strategic goals. We believe his insights and leadership will contribute significant...

Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,150 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. Cleveland-Cliffs is the largest supplier of steel to the automotive industry in North America and serves a div...