Forum Energy Metals Corp. is pleased to announce the closing of its previously announced "best efforts" private placement for gross proceeds of C$10,364,014, which includes the full exercise of the Agents' Option for gross proceeds of C$1,500,000. Under the Offering, the Company sold the following: 48,648,648 flow-through units of the Company to purchasers at a price of C$0.185 per FT Unit for gross proceeds of C$9,000,000 from the sale of FT Units; and 11,366,787 units of the Company at a price of C$0.12 per Unit for gross proceeds of C$1,364,014 from the sale of Units. Under the Offering, Red Cloud Securities Inc. acted as lead agent and sole bookrunner on behalf of a syndicate of agents that included Stifel Nicolaus Canada Inc. . Each FT Unit consists of one common share of...

US Critical Metals Corp. announces that it has granted an aggregate of 500,000 stock options to a consultant of the Company pursuant to the Company's stock option plan. The Options vest on the date of grant and entitle the holder to purchase common shares of the Company at a price of $0.15 for a period of five years from the date of grant. The Options bear a hold period of four months and one day from the date of issuance in accordance with CSE policy. About US Critical Metals Corp. USCM is focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy. Pursuant to option agreements with private Canadian and American companies, USCM's assets consist of four agreements, together p...

Questcorp Mining is pleased to announce that it has completed its initial public offering pursuant to an amended and restated prospectus dated Sept 13, 2023 in which it issued an aggregate of 5,000,000 common shares of the Company at a purchase price of $0.10 per Common Share. This generated aggregate gross proceeds of $500,000. Canaccord Genuity acted as agent on a commercially reasonable efforts basis in respect of the Offering and received a cash commission equal to 10% of the gross proceeds and a corporate finance fee. In addition, Questcorp issued 500,000 non-transferable agent's warrants (the "Agent's Warrants"), with each Agent's Warrant exercisable for one Common Share for a price of $0.10 until December 12, 2025.

VANCOUVER, BC, Dec. 12, 2023 /CNW/ - The following issues have been halted by CIRO Company: Stratabound Minerals Corp. TSX-Venture Symbol: SB All Issues: Yes Reason: Pending News Halt Time : 2:12 PM 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...

Golden Shield Resources Inc. is excited to announce the launch of its new investor video series. This innovative series aims to deepen shareholder engagement and provide insightful updates in an easily digestible and shareable format. The launch includes the release of the first two videos, which spotlight the unique aspects and potential of Golden Shield. The video series is a key part of Golden Shield's renewed focus on shareholder communication, reflecting the Company's commitment to transparency and investor relations. The series will serve as an essential tool for both current and prospective investors, offering a dynamic way to stay informed about the Company's operations and milestones. The first two videos in the series have been published across the Company's social ...

Hummingbird Resources plc becomes a Control Person in Connection with Pasofino Gold's Consolidation of the Ownership of the Dugbe Gold Project Pasofino Gold Ltd. and Hummingbird Resources plc are pleased to announce that further to the news releases issued on December 7, 2023, the Parties have completed the consolidation of the Dugbe Project. Pasofino now owns 100% of the Dugbe Gold Project and HB PLC is now a control person of Pasofino. The consolidation is pursuant to Pasofino's exercise of its right under the option agreement to cause HB PLC to sell to ARX Resources Limited , a wholly owned subsidiary of Pasofino, HB PLC's 51% interest in the issued and outstanding shares of Hummingbird Resources Inc. , all shareholder loans made by HB PLC to HBL and all sums owed in consi...

Dec. 12, 2023 /CNW/ - Foran Mining Corp. is pleased to announce the successful completion of its previously announced C$200 million financing which consisted of: a brokered private placement comprised of the sale of 36,594,000 common shares of the Company at an issue price of C$4.10 per Common Share, for gross proceeds of C$150,035,400; and 1,563,000 Common Shares with each such Common Share to be issued as a "flow-through share" within the meaning of the Income Tax Act at an issue price of C$6.40 per FT Share, for gross proceeds of C$10,003,200, and a non-brokered private placement consisting of the sale of 9,756,000 Common Shares at an issue price of C$4.10 per Common Share, for gross proceeds of C$39,999,600. The aggregate gross proceeds of the Offerings were $200,038,200....

Angkor Resources and announces that its 100%-owned energy subsidiary, EnerCam Exploration has signed agreements on Dec. 12th, 2023 with Project Operator Eyehill Creek Exploration and 358140 Alberta Ltd. to acquire a 40% interest in the Evesham/Macklin Production Project including the Oil Production from 33 vertical wells and the Gas Capture facility and all related pipelines and equipment . The transaction values the total Project at $11,500,000, making the purchase price of the 40% interest with adjustments at $4,392,000 . HIGHLIGHTS GLJ Petroleum Consultants was contracted to provide an independent assessment of the Project. Its report indicates Proved Developed Producing oil reserves at 376,300 Barrels and gas reserves ...

Arizona Gold & Silver announces it has commenced initial column leach test work on the Philadelphia Gold-Silver Property, located in Mohave County, Arizona. Mr. Greg Hahn, VP Exploration commented, "Previous metallurgical test work completed by the Company in 2020 on the north end of the property demonstrated the amenability of both low and high gold grades to cyanide leaching, achieving 89-99% gold extraction under agitation leach conditions at -104 micron grind. Silver recovery was not addressed in those tests. Column leach tests are required to assess the potential for low-cost heap leaching of the stockwork mineralized zone and to address the extraction of silver. We have commenced column leach test work on two bulk samples taken from u...

Argo Gold Inc.'s. oil production results for October 2023 are: October 2023 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 124.5 bbl/day 46.7 bbl/day $114,146 $76,350 Lloyd 217.3 bbl/day 40.7 bbl/day $103,627 $91,266 In late November, a second horizontal oil well was drilled and completed at Lindbergh in the Sparky formation. The well is on production since the end of November and Argo's interest in the second Lindbergh oil well is 37.5%. Argo is also cancelling the remainder of its previous announced non-brokered private placement of 12,000,000 shares at a price of $0.10 per share, for gross proceeds of up to $1,200,000. The company closed two tranches of the financing on May 2, 2023 and November 2, 2023 for a total of $635,000. On...

Rupert Resources is pleased to announce that further to its press release dated November 28, 2023 it has now filed the accompanying National Instrument 43 - 101 technical report entitled "Updated Mineral Resource Estimate for the Ikkari Project, Finland" on SEDAR. The report is also available on the Company's website here. As previously reported, the updated Mineral Resource Estimate for the Ikkari Project shows a total Indicated Resource of 58.43 million tonnes at a grade of 2.18 grams per tonne of gold for 4.09Moz contained gold. About Rupert Resources Rupert Resources is a gold exploration and development company listed on the TSX Exchange under the symbol "RUP." The Company is focused on making and advancing discoveries of scale and quality with high margin and low environmental impact...

Sasquatch Resources is pleased to announce that Mr. Lou Webster has been appointed as a director of the Company, effective immediately. Lou has been a lawyer in British Columbia for over 25 years and has a broad and eclectic range of contacts in both the profession and the community. Lou has been involved in the junior mining sector for approximately 8 years. He is the President and CEO of Marster Metals Incorporated, a private exploration company with claims in New Brunswick, Quebec, Newfoundland and Ontario, and is a special advisor to other private companies. Mr. Webster's appointment is in conjunction with the resignation by Mr. Brad Newell as a director of the Company to focus on other interests. Sasquatch's board of directors thanks Mr. Newell for his contribution...

Argonaut Gold Inc. is pleased to announce it has closed its previously announced public offering of 223,685,000 common shares of the Company at a price of C$0.38 per Offered Share for gross proceeds to the Company of C$85,000,300, including the exercise in full of the underwriters' over-allotment option. The Offering was completed on a "bought deal" basis by a syndicate of underwriters co-led by Cormark Securities Inc., BMO Capital Markets and Scotia Capital Inc., and including RBC Dominion Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Paradigm Capital Inc. and Laurentian Bank Securities Inc. The net proceeds of the Offering will be used to fund developmet and optimization of the Company's Magino and Florida Canyon mines and for general working capital...