Fortune Bay Corp. is pleased to announce that it has entered into a definitive option agreement , dated December 15, 2023, with 1443904 B.C. Ltd. , an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to a 70% interest in the Company's wholly owned Murmac and Strike Uranium Projects over a three-and-a-half-year period by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares following completion of a going public transaction. The Projects include mineral claims totalling 19,877 hectares located along the northwestern margin of the Athabasca Basin, near Uranium City, Saskatchewan, in the prolific Beaverlodge mining district where appro...

Vista Gold Corp. is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty. Ltd. has received the first installment payment of $3 million under the royalty agreement between Vista Australia and Wheaton Precious Metals Co., an affiliate of Wheaton Precious Metals Corp. dated December 13, 2023 , in relation to the Company's Mt Todd gold project located in Northern Territory, Australia. All dollar amounts in this news release are in US dollars. The First Installment is part of the $20 million royalty with Wheaton, which will be used to advance Mt Todd and for general corporate purposes. The remaining two installment payments are expected in the first half of 2024 and are subject to approval from the Australian government Foreign Investment Rev...

Denison Mines Corp. is pleased to announce the appointment of Ms. Elizabeth Sidle to the position of Chief Financial Officer, in addition to her current position as Vice President Finance, and the addition of Mr. Geoff Smith to the position of Vice President Corporate Development & Commercial. View PDF version David Cates, Denison's President and Chief Executive Officer, commented, "We are proud to promote Liz Sidle to the position of Chief Financial Officer. In her prior positions with Denison, Liz has demonstrated a commitment to excellence and is a highly valued member of the executive team. We thank her for stepping in as Interim CFO, and know she will continue to excel as a leader of our finance team during this exciting time of growth for the Company. We are also delighte...

Dundee Precious Metals Inc. and Osino Resources Corp. are pleased to announce that they have entered into a definitive agreement whereby DPM will acquire all of the issued and outstanding common shares of Osino pursuant to a plan of arrangement . The Transaction adds Osino's high-quality, long-life Twin Hills open pit gold project as well as an extensive exploration portfolio in Namibia to DPM's existing portfolio of assets. As a result of the Transaction, DPM will acquire a 100% interest1 in Osino's advanced stage, multi-million ounce Twin Hills gold project located in Namibia, a mining-friendly jurisdiction where DPM has successfully operated since 2010. A June 2023 feasibility study completed by Osino outlined an open-pit project with a 13-year mine life and average annual ...

Hut 8 Corp. , one of North America's largest, most innovative digital asset mining pioneers and high performance computing infrastructure providers, has signed an interim agreement to build out and install mining operations in connection with the Celsius Network LLC bankruptcy proceedings at a site in Cedarvale, Texas. Once complete, the site will house approximately 66,000 miners and be powered by more than 215 MW of energy. "We believe that the strength of Hut 8's managed services business with 680 MW currently under management, coupled with our track record of swiftly standing up mining infrastructure and efficiently running and optimizing operations, were key factors in being chosen as the partners for this project," said Asher Genoot, President of Hut 8. "Our goal is twofold: to build...

Vancouver, December 18, 2023 - Inflection Resources Ltd. is pleased to announce it has completed four drill holes on its Carron Project in Northern Queensland, Australia. Summary Highlights: Four drill holes totalling 1,055 metres were recently completed on the Carron Project Drilling tested four separate aeromagnetic targets over an approximate 20 kilometre distance Three holes intercepted a number of orogenic lode quartz veins considered by Inflection to be similar to those found at the nearby Croydon Goldfields; The majority of the drilling was funded by a AUD$200,000 grant awarded by the Government of Queensland as part of the Government's Collaborative Exploration Initiative; and, All samples have been submitted for analysis and the results are pending. Alistair Waddell,...

Andean Precious Metals Corp. announces the appointment of Michele Ashby as an independent director effective January 2, 2024. With the appointment of Ms. Ashby, six of the seven directors serving on Andean's board of directors are independent. Ms. Ashby is currently the CEO & Founder of ACE LLC, a company that educates and trains women to attain corporate board positions. She also established the Denver Gold Group, a globally recognized international trade association, serving on its board for 17 years, including tenure as Founder and CEO. Subsequently, she founded and was CEO of MINE LLC from 2005 to 2013, encouraging collaborations between resource/energy enterprises and prominent investors across the US, Europe, UK and Canada. In 2022, Ms. Ashby was recognized as one of th...

Greenland Resources Inc. is pleased to announce that it received a positive renewable energy report from COWI A/S , on wind and solar power generation to further decarbonize the Malmbjerg Molybdenum Project . Utilization of renewable energy at the Project will also help the country with jobs and critical infrastructure and is aligned with the recently signed agreement between Greenland and the European Union on developing strategic sustainable raw materials projects and deploying infrastructure required to develop them. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231218685269/en/ Currently, approximately 50% of the total power consumption and decarbonization in the Project is solved with the use of the aerial ro...

Orla Mining Ltd. notes that the Panamanian Ministry of Commerce and Industry has rejected the requests for extension for the three mining concessions comprising the Company's Cerro Quema Project, declared the concessions cancelled and declared the area comprising the concessions to be a reserve area. While the Company regrets this decision by the Panamanian Government, the Company will continue to monitor developments in Panama, which remain uncertain and quickly evolving. However, until the Company has greater certainty with respect to the mining concessions, as well as fiscal and legal stability in Panama, the Company will not consider additional spending towards the development of the Cerro Quema Project. The Company will explore all legal remedies available to protect his...

Canada One Mining is pleased to announce it has completed an 46km gradient array induced polarization survey over a potential Volcanogenic Massive Sulphide target on its Abitibi East Critical Minerals Project located 60kms northeast of Timmins, Ontario, Canada. The Project is located on the western end of the world-class Abitibi Greenstone Belt, in proximity to the Timmins Mining Camp 1, the Kidd Creek Volcanic Massive Sulphide deposit 2, and the Alexo-Dundonald nickel deposit 3. Highlights 46km Gradient IP survey completed Objective of the survey is the identification and definition of a VMS target Survey data results are currently being analyzed by the technical team with recommendations to follow VMS deposits can be rich in zinc, copper, lead, silver and gold Positiv...

Rover Metals is pleased to announce that it has submitted its Plan of Operations permit application for its Let's Go Lithium project to the Bureau of Land Management, Nevada division. The LGL project is a claystone sedimentary lithium project. The claim block, which is approximately 8,300 acres in size, includes several limestone-capped butte-like outcrop formations. As released on September 7, 2023, a successful Phase 1 surface sampling program has returned multiple high-grade surface lithium samples. The clay body, as it's known today, is believed to have very little overburden, and at the southern boundary of the project the lithium rich clay is exposed at the surface, or above surface in butte outcro...

F3 Uranium Corp. is pleased to announce initial scintillometer results from the last eleven drill holes of the fall drill program on the Patterson Lake North Property, including multiple high grade intercepts. In particular drill hole PLN23-110 tested for mineralization up dip of PLN23-101 and intersected mineralization within a 11.5m interval including 1.50m of continuous off scale radioactivity . Drill hole PLN23-112 tested mineralization down dip of PLN23-068 and intersected mineralization within a 11.5m interval including 1.35m of composite off-scale radioactivity . The southern end of the A1 trend features significant vertical displacement; drill holes PLN23-078 and PLN23-093 were cored into bedrock with no Athabasca Sandstone present. Drill holes grid south including PL...

Gabriel Resources Ltd. announces the exercise for cash of 7,418,800 outstanding warrants to purchase common shares at a price of $0.39 per share . The Company has received an aggregate consideration of $2,893,332 in respect of those 2020 Warrants exercised. In addition, 2,823,987 of the 2020 Warrants have been exercised on a "Net Exercise" basis . As a result of the exercise of 2020 Warrants, Gabriel has issued 7,586,148 common shares to holders of the respective 2020 Warrants. A further 1,549,299 of the 2020 Warrants are no longer capable of exercise and will duly expire. The 871,400 balance of 2020 Warrants in issue will, if not exercised, expire on December 23, 2023. As a result of the receipt of proceeds from the 2020 Warrants exercised for cash, the Company has significant...