ALX Resources Corp. announced today the closing of the third and final tranche of a non-brokered private placement consisting of 1,143,286 flow-through units of the Company for gross proceeds of $40,015 . ALX sold 14,086,144 FT Units in three tranches of the private placement for gross proceeds of $493,015. The FT Units were sold at a price of $0.035 per FT Unit consisting of one flow-through common share and one non flow-through common share purchase warrant. One whole common share purchase warrant from the FT Units entitles the holder to purchase one non flow-through common share of the Company at a price of $0.05 for a period expiring 24 months following closing of the Third Tranche, that expiry date being December 29, 2025. No finder's fees were payable for the Third Tran...

Lucara Diamond reports the following in accordance with the Swedish Financial Instruments Trading Act: The Company issued 127,500 common shares to its largest shareholder, Nemesia S.a.r.l., as consideration under its debenture of $15.0 million, as described in the Company's news release from Nov 15, 2023. The number of issued and outstanding shares of the Company has increased to 456,177,393 common shares with voting rights as at December 29, 2023. The total number of voting rights in the Company is therefore 456,177,393. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish ...

Galleon Gold Corp. is pleased to announce that it has closed a non-brokered private placement for aggregate gross proceeds of C$275,000 through the issuance of 1,833,333 flow-through units at a price of C$0.15 per FT Unit . Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant , each issued as a "flow-through share" within the meaning of the Income Tax Act . Each Warrant entitles the holder to acquire an additional common share at a price of C$0.20 for a period of 24 months expiring on December 29, 2025. The Company intends to use the proceeds raised from the Offering for the exploration and advancement of the Company's West Cache Gold Project in Timmins, Ontario. Proceeds from the sale of the FT Units will be used to incur...

Sanatana Resources Inc. has, further to its news releases dated December 15, 2023, December 19, 2023 and December 27, 2023, closed the second tranche of the Company's previously announced private placement of flow-through units of the Company at a price of $0.10 per Unit. Each Unit consists of one common share in the capital of the Company designated as a flow-through share pursuant to the Income Tax Act and one non-flow through Share purchase warrant . Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.15 per Share for a period of 36 months from the date of issuance. The Company has now closed the flow-through portion of the Private Placement. The second tranche closing of the Private Placement consisted of 1,680,000 Units for aggregat...

Stock Symbol: AEM Agnico Eagle Mines Ltd. announced today that it acquired 19,600,000 units of Canada Nickel Company Inc. at a price of $1.18 per Unit for total consideration of approximately $23,128,000 from several sellers that acquired the Units in connection with an offering of flow-through Units by Canada Nickel . Each Unit was comprised of one common share of Canada Nickel and 0.35 of one common share purchase warrant of Canada Nickel . Each Warrant entitles the holder to acquire one Common Share at a price of $1.77 at any time prior to December 29, 2026, subject to acceleration of the expiry date upon the occurrence of certain events. Agnico Eagle has spent approximately two years evaluating the critical minerals sector, focusing on Canada and the regions wh...

Lundin Gold Inc. reports the following in accordance with the Swedish Financial Instruments Trading Act. View PDF As a result of the exercise of stock options and the redemption of share units under Lundin Gold's equity compensation plans, and the exercise of previously granted anti-dilution rights of the Company's largest shareholder during the month of December, the Company now has 237,860,048 common shares issued and outstanding with voting rights as at December 29, 2023. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings . About Lundi...

Star Diamond announces that it has closed the first tranche of the previously announced non-brokered private placement for gross proceeds of C$324,140. These proceeds are from the issuance of 2023 "flow-through" units of the Company, which are required to be issued prior to December 31, 2023 to ensure investors qualify for the associated 2023 tax deductions and Mineral Exploration Tax Credits. The Company intends to close the final tranche of the Offering on or about January 26, 2024, for up to the remaining balance of the private placement. Pursuant to the closing of the first tranche of the Offering, the Company issued 2,946,728 FT Units at a price of C$0.11 per FT Unit for gross proceeds of C$324,140, with each FT Unit consisting of one common share of the Company a...

Rock Tech Lithium Inc. is pleased to announce the closing of its previously announced non-brokered private placement of units . Pursuant to the Offering, the Company issued an aggregate of 4,478,754 Units at a price $1.30 per Unit for aggregate gross proceeds of approximately $5.8 million. Each Unit consists of one common share in the capital of Rock Tech and one half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $1.69 per Warrant Share for a period of 36 months following the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the certificate evidencing such Warrant, including adjustment in certain circumstances. Rock Tech intends to use the proce...

Lucara Diamond announces a further short-term extension of the maturity of its $50 million senior secured working capital facility and a deferral of the requirement to place $52.9 million in a cost overrun reserve account to the earlier of the conclusion of discussions with its Lenders or Jan 15, 2024. An earlier extension granted by the Lenders was due to expire on Dec 31, 2023. Discussions to date with the Lenders have been constructive and several amendments to the Company's debt package have been agreed in principle. Lender credit approval processes are ongoing. The Company's debt package consists of two facilities , a project finance facility of $170 million to fund the development of an underground expansion at the Karowe Mine , ...

VANCOUVER, BC and HOUSTON, TX , Dec. 29, 2023 /CNW/ - International Battery Metals Ltd. , is pleased to announce that it has closed its non-brokered private placement as previously announced on December 21, 2023, by issuing 2,694,804 units of the Company at a price of $0.70 per Unit for aggregate proceeds to the Company of approximately USD$1.415 million . The Private Placement was oversubscribed. Each Unit consists of one common share in the capital of the Company , and one common share purchase warrant , with each Warrant entitling the holder to acquire an additional Common Share for a period of 24 months from closing at an exercise price of CAD$0.82. The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate ex...

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 fro...

Northern Shield Resources Inc. is pleased to announce that it has closed a non-brokered, private placement of 1,000,000 units for total proceeds of $50,000 . The Offering was comprised of 1,000,000 flow-through units at a price of $0.05 per Flow-Through Unit for aggregate gross proceeds of $50,000 with each Flow-Through Unit consisting of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act and one-half of one Common Share purchase warrant . Each whole FT Warrant is exercisable for one Common Share at a price of $0.10 per share within 24 months of the closing. Proceeds from the Offering will be used to incur eligible exploration expenses at the Root & Cellar Property, primarily at the Drop Zone. Securities issued under the Offering are subj...

Nevada Exploration Inc. announces the retirement of Anne Labelle as president, CEO, and director effective December 31, 2023. The Company thanks Ms. Labelle for her service and wishes her the best in her future endeavours. Darcy Higgs has been appointed interim CEO effective December 31, 2023. About Nevada Exploration Inc. NGE is applying modern technology to systematically explore for the undiscovered second half of Nevada's gold endowment waiting to be uncovered within Nevada's valley basins. NGE is advancing a portfolio of gold exploration projects, primarily focused on district-scale Carlin-type gold projects, including its flagship South Grass Valley project located near the Cortez Complex of Nevada Gold Mines. For further information, please contact: [wp=2144]Nevada Exp...