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  • Vast Resources Plc / Ticker: VAST / Index: AIM / Sector: Mining 27 June 2024 Vast Resources plc Update regarding Debt Funding from A & T Investments SARL Vast Resources plc, the AIM-listed mining company, announces that it has received a Notice of Acceleration and Enforcement in relation to the Debt Facility . The Notice given is to the effect that if the outstanding debt of $5,820,000 is not repaid in full by 26 September 2024 it will then enforce the security given to Alpha by a third party which party would in turn have recourse to Vast. At the time the third party security was provided, the asset was valued at more than the debt due to Alpha. The Notice also declares that the Debt be immediately due and payable by Vast and is thereby demanded. Alpha has informed the Compa...
  • CMC Metals Ltd. is pleased to announce that the Company has completed the final payment on the Blue Heaven Property with the optionor Strategic Metals Ltd. and as a result is now an 80% owner of the Property. The original final payment of the option agreement was amended and subsequently a payment of 5,000,000 common shares at a deemed price of $0.03 per share, with a four month hold period, was provided to Strategic as the final payment for the Property. The Blue Heaven Property comprises of 118 claims that are contiguous to the Company's Silver Hart Project in south-central Yukon. Blue Heaven is characterized with 13 mineralized areas and 36 showings many of which are yet to be evaluated by the Company. A brief program in 2022 extended previous trenching at the...
    27.06.2024
  • Hertz Energy Inc. . Further to the Company news release of June 4, 2024, Hertz Energy is pleased to announce that after a review by the Company along with its board and advisors, it has made the decision to pursue a reorganization of its Cominco Uranium Project in Nunavut, Canada and its Namibian Uranium Exclusive Prospecting License Applications into a stand-alone entity to be named Hertz Uranium . The Company views the Spin-Out into a stand-alone vehicle as the preferred route to generate value for Hertz Energy and its shareholders from the continued development of the Uranium Assets. The re-structuring of the Uranium Assets ownership is well advanced, and the Company anticipates being in a position to finalize the terms of the Transaction in the coming months. Hertz Energy...
    27.06.2024
  • Nextsource Materials Inc. is pleased to announce an update on its global anode expansion strategy, including positive results of a technical and economic study for the construction of a proposed battery anode facility located in the Kingdom of Saudi Arabia . The Company further announces it has launched a strategic partner process to consider expressions of interest it has received for funding the battery anode facilities both in the Middle East and globally. As announced in February 2023, NextSource plans to construct, in stages, multiple BAFs globally in key jurisdictions that would be capable of producing commercial scale graphite anode active material for lithium-ion batteries used in electric vehicle applications. This planned series of BAFs will leverage exclusive acces...
    27.06.2024
  • BeMetals Corp. announces it intends to complete a non-brokered private placement offering of up to 70,000,000 units at a price of $0.10 per Unit for aggregate gross proceeds of up to $7,000,000. Each Unit will consist of one common share in the capital of the Company and one-half Share purchase warrant. Each whole Share purchase warrant will entitle the holder thereof to purchase one additional Share at an exercise price of $0.18 per Share for one year from the date of issuance. It is expected that B2Gold, a related party of the Company, will be subscribing for $1.4 million of the Offering to maintain their approximate 19% shareholding of BeMetals. Directors and Officers of the Company will also be purchasing Units in the Offering. John Wilton, President and CEO of BeMetals, ...
    27.06.2024
  • Electric Metals Ltd. is pleased to announce the results of its annual and special meeting held on June 26, 2024 . At the Meeting, shareholders approved the appointment of Baker Tilly WM LLP, Chartered Accountants, as auditor of the Corporation, the expansion of the Board of Directors to seven persons and the election of all of management's nominees to the Board. Joining Steve Durbin, Dr. Henry Sandri, Megan McElwain, John Kutkevicius and Brian Savage on the Board are Dr. Quinton Hennigh and Tyson Hall, two individuals with strong backgrounds in, among other things, the mining, mineral exploration and public company fields. The shareholders also approved a new omnibus equity incentive plan for the Company; further details regarding the Plan can be found in the information circ...
    27.06.2024
  • Aston Bay Holdings Ltd. is pleased to announce the proposed summer 2024 exploration program at its Epworth sediment hosted copper-silver-zinc-cobalt project. Highlights >$2 million in flow-through funds to be put to work this season; additional funding is also in place 5,000 line-km airborne electromagnetic and magnetic survey planned to identify copper exploration targets and delineate regional and property-scale structures Geological and structural mapping, prospecting, rock and lake sediment sampling directed by Dr. Elizabeth Turner planned to augment geophysical targeting Mineralization at Epworth is similar in style to the miner...
    27.06.2024
  • CoTec Holdings Corp. is pleased to announce the completion of an initial Mineral Resource Estimate and positive Preliminary Economic Assessment for the Lac Jeannine Iron Tailings Project, Québec, Canada . The PEA was prepared by independent experts Addison Mining Services Ltd., Soutex Inc, JPL GeoServices and other independent experts. The highlights of the MRE and PEA are as follows: Initial Inferred Mineral Resource of 73 million tonnes at 6.7% total Fe for 4.9 Mt of contained total Fe Identified tailings material surrounding the Inferred Mineral Resource , if confirmed by drilling and analysis, could potentially add 50 to 70 Mt to the Project Total Fe grade in the Project schedule reduces from approximately 8.4% total Fe to 7.0% total Fe in the first 3.5 years of productio...
    27.06.2024
  • Fury Gold Mines Ltd. is pleased to announce the voting results from its Annual General Meeting of Shareholders held on June 26, 2024. Each director nominee listed in the Company's management information circular dated May 14, 2024 in connection with the Meeting and as filed on SEDAR+, were elected as directors of the Company to serve until the next annual general meeting, or until their successors are otherwise elected or appointed. A total of 43,707,728 of the Company's common shares were present or represented by proxy at the Meeting, representing 29.92% of the outstanding Common Shares. 1. Election of Directors By resolution passed, each of the nominees for election as directors listed in the Circular was elected as a director of the Company. The results of the votes on th...
    27.06.2024
  • Lode Gold Minerals Inc. underground mining operation was suspended in the 1940's, has commissioned a study to evaluate the opportunity for an high grade underground potential. HIGHLIGHTS Fremont is an orogenic gold deposit hosted in the ophiolitic suture of the 190 km Mother Lode Belt. Mineralization is evidenced on a 4 km strike on the property Mineralization is hosted both in the melange of the suture and in the slates of the Mariposa Formation in the hanging wall 42,700 m of historical drilling comprises of diamond and reverse circulation holes Current resource represents only 16% of the upper 500 m of the structure The high-grade areas are controlled by transverse extensional faults A...
    27.06.2024
  • Q1 financials filed in order to revoke Cease Trade Order Application to resume trading to be submitted to the TSXV pending CTO being lifted by the Ontario Securities Commission Trading expected to resume within 2 business days post approval by the TSX Venture Exchange Cerrado Gold Inc. announces that post filing of its operational and financial results for Q1 2024, the Company has now remedied its compliance under National Policy 11-207, regarding continuous disclosure obligations. The Ontario Securities Commission is now reviewing the submission in order to revoke the CTO on the Company's common shares. The Company expects to submit an application to the TSX Venture Exchange to resume trading upon the CTO being lifted by the OSC. Once the application has been...
    27.06.2024
  • Highlights 2024 Summer-Fall exploration program commences at Corvette: Two exploration rigs operating at the CV13 Pegmatite, primarily undertaking step-out drilling targeting extensions of the recently discovered high-grade Vega Zone. Two drill rigs collecting geotechnical and hydrogeological information to support advanced development and economic studies through feasibility. Surface exploration activities underway, including detailed mapping at CV5 and CV13, channel sampling, and prospecting of prospective trends. Additional rigs to be added starting in early July, focused on continued infill and geomechanical drilling at the CV5 Pegmatite. Successful commissioning of a 100%-owned exploration camp proximal to the Property and all-season road access from the camp to the CV5 Pegmatite, red...
    27.06.2024
    von CNW
  • Lion Rock Resources Inc. announces that it has applied to the TSX Venture Exchange for approval of an amendment to certain share purchase warrants issued pursuant to a private placement, by extending the expiry date for one additional year . The Warrants affected are 3,000,000 share purchase warrants issued on July 8, 2022 with an expiry date of July 8, 2024 and exercisable at $0.25 per common share. The new expiry date will be July 8, 2025 and the exercise price shall remain the same. The Company will not be sending out new warrant certificates unless requested by the holder. A total of 100,000 Warrants are held by parties considered to be "related parties" of the Company. Therefore, the Warrant Amendment constitutes a "related party transaction" as contemplated by Multilate...
    27.06.2024
  • Big Red Mining Corp. is pleased to announce the closing of its Non-Brokered Private Placement announced June 17, 2024. The Private Placement consisted of the issuance of 6,815,000 units of the Company at a price of C$0.02 per Unit for gross proceeds of $136,300 to the Company. Each Unit consisted of one common share in the capital of the Company and one-half of one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.05 for a period of 12 months from the issuance thereof. The Company issued 6,815,000 Common shares and 3,407,500 Warrants expiring June 26, 2025. All securities issued pursuant to the Private Placement are subject to a statutory hold period in accordance with the applicable Canadian ...
    27.06.2024
  • Lithium Universe Ltd. is pleased to invite shareholders and investors to attend a webinar on MarketOpen Direct Connect, to be held on Friday 28th June 2024, 11:00am AEST/ 9:00am AWST. CEO Alex Hanly will present the Company's strategy to close the lithium conversion gap within North America through development of the proposed 16,000 tpa lithium carbonate refinery at Becancour, Quebec. Following the presentation, attendees will have the opportunity to ask questions directly to Mr Hanly during a moderated Q&A session. This webinar can be viewed live via Zoom and to register please use the link below: https://www.abnnewswire.net/lnk/91RASS1P A recorded copy of the webinar will be made available following the event. About Lithium Universe Ltd: Lithium Universe Ltd , headed by...



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