Horizon Minerals Ltd. is pleased to announce an updated Mineral Resource Estimate for the Company's 100% owned Pennys Find project located 50 km northeast of Kalgoorlie-Boulder in the heart of the Western Australian goldfields . - Horizon Minerals owns 100% of the fully permitted Pennys Find gold mine located 50km northeast of Kalgoorlie in the Goldfields of Western Australia - The 2022 independent Mineral Resource estimate stood at: o 270,000t grading 4.99g/t Au for 43,000 ounces with 81% in the Indicated Category - During 2023, a total of 10 RC and diamond tail drill holes were completed for 3,298.4m to expand and infill the resource at depth and convert some of the Inferred ore to the Indicated Resource classification category. - An updated underground Mineral Resource Est...

Sirios Resources Inc. announces that it has closed today a non-brokered private placement for aggregate gross proceeds of $500,000 . The Offering consisted of the issuance of 6,250,000 units of the Corporation at a price of 0,08$ per Unit. Each Unit is comprised of one common share of the Corporation that qualify as "flow-through shares" pursuant to subsection 66 of the Income Tax Act and one Common Share purchase warrant . Each Warrant will entitle the holder thereof to acquire one additional Common Share for a period of 24 months from the closing of the Offering at a price of $0.15. The net proceeds from the sale of the Common Shares will be mainly used by the Corporation to advance its Cheechoo gold project. No finder's fees were paid in connection with this Offering. The ...

Fokus Mining is pleased to announce that it has retained the services of ALS Goldspot to review the results of the spring and summer exploration programs on the Galloway Project in order to better define future drill targets on the western portion of the property. This follows their review of the geological models and completion of the historical data for the entire Galloway property that was completed earlier in the calendar year. FOKUS has also recently retained InnovExplo Inc. to review existing data and assess the potential for the Hendrick Zone to extend eastwards, as well as the potential of the GP and RB mineralised zones at depth. InnovExplo is the independent firm that prepared the ...

Libero Copper & Gold announces the closing of its previously announced rights offering for aggregate gross proceeds of $525,541 and issued 26,277,071 common shares. The net proceeds of the Rights Offering will be used for general corporate purposes, including the repayment of indebtedness incurred conducting exploration programs in Colombia, and general corporate expenditures. The Rights Offering remains subject to the final acceptance of the TSXV. Libero Copper also has agreed to settle outstanding deferred salary and expenses in the amount of $89,712 owing to two employees: Ian Harris and Thyana Alvarez, by issuing an aggregate of 4,485,600 common shares of Libero Copper at a price of $0.02 per Common Share . The Board of Directors has determined it is in the best int...

VINCENT METCALFE APPOINTED CEO ROUYN-NORANDA, QC, Dec. 28, 2023 /CNW/ - Comet Lithium Corp. announces the appointment of Mr. Vincent Metcalfe as President and Chief Executive Officer of the Company, in replacement of Mr. Mansoor Jan Niazi who had been acting as Interim CEO and President since September 2023, effective January 1, 2024. Mr. Metcalfe is a director of the Company and the current Executive Chairman of the Board of Directors. He has extensive domestic and international experience in the metals and mining sector and co-founded and led Nomad Royalty Company Ltd. as the CEO and Chair until it was acquired by Sandstorm Gold Ltd. in 2022. He also held a number of officer and senior executive roles at TSX and NYSE-listed resource companies wit...

Besra Gold Inc. is very pleased to advise that Quantum Metal Recovery Inc is to remit a further US$9,827,854.60 to Besra. The US$9,827,854.60 is to be remitted by Quantum in accordance with the terms and conditions of the binding US$300 million Gold Purchase Agreement announced to ASX on 9 May 2023. Under the terms of the GPA, the Company has agreed to sell to Quantum a quantity of refined gold from the Bau Gold Project until: 3,000,000 ounces of refined gold has been received by Quantum; or aggregate deposits in an amount equivalent to US$300,000,000 have been received by the Company from Quantum. Pursuant to the Facility, Quantum has now committed to Besra a total of US$35,474,180.25. As per the GPA, Besra is entitled to deploy the proceeds of the Facility for a variety of u...

Mineral Hill Industries Ltd. , listed on the TSX Venture Exchange under the trading Symbol "MHI", on the Deutsche Boerse, Frankfurt under the trading Symbol "MLN", and on OTC Market under the trading Symbol "MHIFF", wishes to announce that its Annual General and Special Meeting was held as an virtual meeting on December 22, 2023 according to the Notice of Meeting dated November 17 , 2023. From the total of 21,324,807 issued and outstanding shares of the Company, 12,115,820 shares were represented at the Meeting, of which 11,172,980 shares were represented by shareholders in person and 942,840 shares by proxy. All agenda points of the Notice for the AGS were approved at the Meeting. The number of Board Members for the ensuing year was established to be five directors whereby Re...

President's Letter to Stakeholders and Shareholders Appia Rare Earths & Uranium Corp. reviews successes and achievements over 2023. This past year has been extraordinary for the Company. Not only have we continued to move forward with our Canadian assets - with our priority focus on our flagship Alces Lake project in Northern Saskatchewan - but we have also expanded well beyond our Canadian borders into South America with the signing of an Earn-In Agreement on the PCH Ionic Adsorption Clay project, in Goais State, Brazil. Expanding Our Asset-Base to Brazil On June 9th, Appia announced that it had entered into an earn-in agreement to acquire up to 70% interest in the PCH project, a high-grade Ionic Adsorption Clay Rare Earth Elements project in Goiás State, Brazil. The acquisi...

Tuktu Resources Ltd. is pleased to advise that it has completed its previously announced brokered private placement . Pursuant to the Private Placement, the Company received gross proceeds of approximately $1.6 million from the issuance of 31,938,299 units of the Company at a price of $0.05 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant with each Warrant entitling the holder to purchase one Common Share at a price of $0.075 for a 36-month term ending December 28, 2026. The Private Placement also included the partial exercise of the Agent's option to purchase additional Units sold pursuant to the Private Placement. The net proceeds of the Private Placement will be used to fund the interim purchase price for the previous...

Centurion Minerals wishes to report that further to the Company's Dec 14 news release, the Company is expecting its share consolidation to become effective on Jan. 3, 2024. Centurion's articles of incorporation authorize the board of directors to approve the consolidation and by resolution the directors approved a consolidation of the Company's issued and outstanding common shares on the basis of one post-Consolidation Common Share for every two pre-Consolidation Common Shares. The trading symbol "CTN" will remain unchanged. Upon completion of the Consolidation, the post-Consolidation Common Shares will continue to trade on the TSX Venture Exchange with a new CUSIP number: 15643T602 and ISIN number: CA15643T6025. The Company currently has 31,469,069 common share...

Zephyr Minerals Ltd. announced today trenching results on MC and MC-2 gold properties in Zimbabwe. An excavator trenching program was completed on both properties in late November. The object of the trenching was to provide insight into the continuity of the mineralized zones prior to commencing a proposed diamond drilling program, as well as to explore potential new parallel zones, which if discovered would assist in determining total depths for the proposed drill holes. Unfortunately results demonstrated the gold mineralization at MC to be discontinuous, generally occurring as short high grade gold lenses and generally less than one meter in thickness. Previous exploration work had demonstrated that wallrock had gold grades as good as and in some cases, better than the gold...

Atha Energy Corp. is pleased to announce that, further to its press releases dated December 7, 2023, ATHA has completed a private placement offering of: 8,363,710 charitable federal flow-through common shares of ATHA at an issue price per Federal CFT Share of $1.57 and 3,636,290 charitable Saskatchewan flow-through common shares of ATHA at an issue price per Saskatchewan CFT Share of $1.75 ; and 4,000,000 subscription receipts of ATHA at an issue price per Subscription Receipt of $1.00 for aggregate gross proceeds of approximately $23,494,532.20. Troy Boisjoli, CEO of ATHA commented: "Today's close of ATHA's ~$23.5 million financing demonstrates the strong institutional support for ATHA's scaled exploration strategy and upon closing of our recently announced acquisitions, wil...

Montauk Metals Inc. is pleased to announce that it is been advanced US$200,000 pursuant to the loan and option agreement with Omni Bridgeway Canada Investments Ltd. , as previously announced in its news release on November 9, 2023. The Loan Amount was advanced to the Company in connection with the execution of promissory note by Montauk in favour of Omni . Background Montauk brought arbitration proceedings against the Republic of Colombia to enforce the Company's rights to compensation under the Canada-Colombia Free Trade Agreement , as previously described in its news releases of March 27, 2018, February 25, 2019, February 10, 2020, November 23, 2021, September 1, 2023, October 5, 2023 and November 9, 2023 and subject to certain conditions and approvals as noted below. Monta...