Not for distribution to United States Newswire Services or for dissemination in the United States Grid Metals Corp. is pleased to announce it has closed the second and final tranche of a non-brokered private placement which was announced on November 29, 2023 and December 5, 2023. In total the Company raised $5,058,882 in two tranches. The first tranche of 23,209,000 special flow-through common shares were issued at $0.18 for proceeds of $4,177,620 on December 22, 2023 . The second tranche of the Offering consisted of 4,000,000 Special Flow-through Shares at a price of $0.18 per share for proceeds of $720,000 and 1,151,143 ordinary flow-through common shares priced at $0.14 per share for proceeds of $161,202 . The Special Flow-Through Shares and the Ordinary Flow-Through Shares...

Alpha Exploration Ltd. is pleased to announce that the TSX Venture Exchange has agreed to extend the closing of the second tranche of its previously announced non-brokered private placement of units in the capital of the Corporation of up to $5,000,000.00 at a purchase price of $0.70 per Unit , for current total aggregate gross proceeds of $4,180,001.00 until January 31, 2024. The first tranche of the Offering closed after market close on December 7, 2023, as previously announced by the Corporation. The principal use of the proceeds of the Offering will be for funding ongoing exploration work on the Kerkasha Project in Eritrea, operating and administrative expenses, working capital and general corporate purposes. Certain Insiders of the Corporation may participate in the Offe...

Fremont Gold Ltd. is pleased to announce that its Board of Directors has approved the granting of stock options to management, advisors and consultants pursuant to the Company's stock option plan. The stock options entitle the holders to purchase a total of 1,100,000 common shares in the capital stock of the Company at a price of $0.09 per common share. The stock options have a term of five years and vest over a 24-month period. About Fremont Fremont's mine-finding management team has assembled a portfolio of potential world-class copper-gold mineral opportunities within the central Tethyan belt of Armenia, and controls two advanced gold exploration projects in Nevada. On behalf of the Board of Directors, Dennis Moore President and CEO, interim Chairman For further informatio...

Canadian North Resources Inc. ) is pleased to report the results from the processing of Borehole Time-Domain Electromagnetic surveys from deep West Zone drillholes FL22-481A and FL23-481B completed at its 100% owned Ferguson Lake Project in Nunavut, Canada. "The combination of the drilling and geophysical survey results confirms the continuing high grade prospectivity of the West Zone down-dip for over 200 metres at depths of 650 to >850 metres," said Dr. Kaihui Yang, President and CEO of the Company, "Further geophysical modelling is ongoing to define precisely new drill targets for follow up in 2024." As previously announced, the two geophysical surveyed drill holes, which were drilled from the same site during the 2022 and 2023 exploration programs, intersected excellen...

First Phosphate Corp. is pleased to announce that it has closed a second tranche of its non-brokered private placement financing , as further described in the Company's news release dated December 14 and 22, 2023. The offering including the Second Tranche were largely oversubscribed by a factor of 275%. As part of the Second Tranche, the Company issued 3,090,438 Hard-Dollar Units and 12,560,000 Flow-Through Shares for aggregate gross proceeds of $7,516,175 between the two tranches of Offering. "We are pleased by this large vote of confidence placed in First Phosphate by existing and new shareholders including a number of institutional investors," says Company CEO, John Passalacqua. "We are now in position to be able to drill this winter and begin uncovering the full extent of...

VANCOUVER, BC, Jan. 2, 2024 /CNW/ - The following issues have been halted by CIRO Company: Prospector Metals Corp. TSX-Venture Symbol: PPP All Issues: Yes Reason: Pending News Halt Time : 8:10 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 pr...

Heritage Mining is pleased to announce a non-brokered private placement of units for gross proceeds of up to $500,000 and that it has been approved for a $200,000 grant from the Ontario Ministry of Mines under the Ontario Junior Exploration Program. Non-Brokered Private Placement The Company intends to issue, pursuant to a non-brokered private placement, up to 10,000,000 units of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $500,000 . Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.075 per Warrant Share until 4:30 pm on that date that is 24 months from ...

PPX Mining Corp. . Further to our press release dated September 20, 2023 , PPX is pleased to announce that on December 29, 2023 the Company and a major shareholder subscribed the Definitive Agreement for a US$ 6,000,000 debt facility to fund most of the capital cost for the CIL and flotation plant that the Company intends to build in its Igor Project , located in La Libertad, Peru. The plant will process oxides and sulfides currently mined from its high-grade Callanquitas Mine, and other important satellite deposits that constitute part of the Project in the near future. Terms and conditions summarized in the Initial PR. Brian Imrie, Executive Chairman commented "we are delighted to conclude the Definitive Agreement with our largest shareholder to fund the construction of our...

Elemental Altus Royalties Corp. announces the appointment of Vincent Benoit and Jack Lunnon from La Mancha Resource Capital LLP to the Board of Directors and the appointment of existing director John Robins as Chair of the Board. The appointments of Vincent Benoit and Jack Lunnon to the Board are made pursuant to the Company's investor rights agreement with La Mancha, and replace La Mancha's existing director nominee, Karim Nasr, and appoint La Mancha's second director nominee. Karim has resigned from the Board to focus on his appointment as CEO at another La Mancha Resource Fund SCSp investee company. Alongside these Board changes, John Robins has agreed to take the vacant role of non-executive Chair. Accordingly the Company will continue to have a Board of eight directors, ...

Hercules Silver Corp. is pleased to report assay results for the latest holes drilled into the new Leviathan Porphyry Copper discovery at its Hercules project located in western Idaho . Assay results were received in batches for three step-out holes, with complete results now having been received for HER-23-08 and HER-23-11, along with partial results for HER-23-21, which are reported in Table 1 below. HER-23-08, HER-23-11 and HER-23-21 were collared 220 meters east, 450 meters southeast, and 500 meters southeast of discovery hole HER-23-05 respectively. Each hole was designed to test separate parts of a near surface 2022 IP anomaly. Assays for the remainder of HER-23-21, as well as HER-23-26, which also intersected porphyry copper mineralization, remain pending. The Leviatha...

Premium Nickel Resources Ltd. is pleased to announce the appointment of Mr. James Gowans as a Director and as new independent Chairman of the Board of the Company, effective as of January 1, 2024. Jim Gowans, is a seasoned corporate director and brings over three decades of expertise as a senior executive in the mining industry, with notable roles at Debswana Diamond Company in Botswana, DeBeers SA, DeBeers Canada Inc., PT Inco and Placer Dome Ltd. Mr. Gowans has served on the boards of numerous Canadian publicly traded mining companies, including Cameco, Arizona Mining, Trilogy Metals, Detour Gold, New Gold, Marathon Gold, Paycore Minerals and Treasury Metals where he currently serves as Chairman. He was also CEO and interim president of Trilogy Metals Inc., held roles as CE...

Doré Copper Mining Corp. is pleased to announce that, on December 29, 2023, it closed its previously announced rights offering to the holders of common shares in the capital of the Corporation at the close of business on November 28, 2023. The Rights Offering expired at 5:00 p.m. on December 22, 2023 . The Corporation issued 33,000,000 Common Shares at a subscription price of $0.12 per Common Share for aggregate gross proceeds of $3,960,000. The net proceeds of the Rights Offering will be used for exploration and development activities and for working capital and general corporate purposes. The Corporation issued a total of 11,463,135 Common Shares under the basic subscription privilege and 3,440,126 Common Shares under the additional subscription privilege. Ocean Partners UK...

Cautionary Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those...