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  • Rio Tinto has entered into a partnership agreement with the Swedish investment company Vargas, Mitsubishi Corporation and other international and local industry partners to study a low carbon aluminium greenfield opportunity in Finland. As the strategic industrial partner, Rio Tinto will provide the Arctial partnership with access to its proven industry-leading AP60 technology and assist in what would be the first AP60 deployment in an aluminium smelter outside Quebec, Canada. Developed by Rio Tinto, AP60 is amongst the most efficient aluminium smelting technologies currently available at commercial scale. As a first step, Arctial will conduct a feasibility study and environmental impact assessment for a potential greenfield aluminium project in Kokkola, Finland. The project, ...
  • Lithium Universe Ltd. is pleased to announce the signing of a Memorandum of Understanding to partner on logistics of essential chemical products for Lithium Universe's Becancour Lithium Refinery operations. Highlights - Strategic local chemical logistics partnership with Servitank - Single logistics supplier capable of sourcing multiple process chemicals - Reliable delivery of critical chemical inputs to Becancour Lithium Refinery - Investigation of secondary product management and sales - Proven experience in spodumene logistics and storage About Servitank, a subsidiary of Groupe Somavrac Servitank, a local, Quebec-based Company, specializes in optimizing supply chain processes and logistics solutions across various industries, including chemicals and raw materials. With a s...
  • HIGHLIGHTS Benz has secured an exclusive option to acquire highly prospective tenements adjacent to the Glenburgh Gold Project, increasing the total project tenure to ~898km2. The option secures over ~20km of additional prospective strike adjacent to the Glenburgh Gold Project, significantly enhancing exploration potential. Preliminary geological analysis suggests the ground covers the immediate extension of the prospective Glenburgh gneiss to the NE. Benz Mining Corp. is pleased to announce that it has executed an option agreement to acquire highly prospective tenements adjacent to the Glenburgh Gold Project in Western Australia, and a strategic tenement at the Mt Egerton Gold Project . The execution of this Option Agreement to secure addition strategic ground aligns with ou...
    04.12.2024
  • New drilling results highlight the potential of the gold deposit Lundin Gold Inc. is pleased to announce additional drilling results from its ongoing 2024 near-mine exploration program at Bonza Sur, in close proximity to its 100%-owned Fruta del Norte gold mine in southeastern Ecuador. Recent results confirm the significant size of the Bonza Sur mineral deposit. Drilling has extended the deposit's length by 800 metres to approximately 2.6 kilometres and widened it to 150 metres. Importantly, Bonza Sur remains open for further discovery in all directions and at depth. Highlights from the ongoing drill program at Bonza Sur are outlined below . Detailed results are provided at the end of this release . Bonza Sur Exploration Drilling Highlights : Drill hole AMN -2024-156 intersec...
    04.12.2024
    von CNW
  • Skyharbour Resources Ltd. is pleased to announce that, in connection with its previously announced private placement, it has entered into an amended agreement with Haywood Securities Inc. and Red Cloud Securities Inc. as co-lead agents and co-bookrunners to increase the aggregate size of the financing for gross proceeds to the Company of up to C$9,500,000. The private placement will now include the sale of up to 5,000,000 hard dollar units of the Company at a price of C$0.40 per Unit for gross proceeds of up to C$2,000,000 , plus any combination of the following for total gross proceeds of up to C$7,500,000: Charity flow-through shares at a price per Charity FT Share of C$0.59; and Traditional flow-through shares at a price per Traditional FT Share of C$0.46 . Each Unit will ...
  • First Majestic Silver Corp. is pleased to announce that the Registration Statement on Form F-4 filed by the Company with the United States Securities and Exchange Commission in connection with the Company's previously announced acquisition of Gatos Silver Inc. has become effective under the U.S. Securities Act of 1933. The effectiveness of the F-4 is a condition to closing of the Transaction. The Company is also pleased to announce that it has set the date of the special meeting of First Majestic shareholders to approve the issuance of First Majestic common shares to Gatos stockholders in connection with the Transaction. The details of the First Majestic Special Meeting are as follows: Special Meeting of First Majestic Shareholders Date: Tuesday, January 14, 2025...
    04.12.2024
  • Spark Energy Minerals is pleased to provide an update from the first week of exploration at the Company's 64,359-hectare Arapaima Lithium project. Arapaima Lithium Project Exploration Highlights: Identified a ~1.7km long pegmatite strike corridor of pegmatite bearing granite exposure through an erosional window in shallow laterite cover in the central northern portion of the tenement package. Area identified and mapped is characterized by widespread evidence of weathered and kaolinized pegmatite intrusives hosted within granite. Target occurrence located within the drainage basin identified and highly ranked and refer...
    04.12.2024
  • Gatos Silver Inc. today announced the date of a special meeting of stockholders and the filing of its definitive proxy statement in connection with the previously announced Agreement and Plan of Merger with First Majestic Silver Corp. pursuant to which First Majestic will acquire all of the issued and outstanding shares of common stock of Gatos Silver . Gatos Silver notified its stockholders that the Special Meeting will take place virtually on Tuesday, January 14, 2025, at 10:00 a.m., Pacific Time. Stockholders of record as of November 25, 2024 are eligible to vote at the Special Meeting. Gatos Silver stockholders will be asked to vote on the adoption of the Merger Agreement and the adjournment of the Special Meeting in certain circumstances. Gatos Silver's Boar...
  • Excellon Resources Inc. is pleased to announce closing of the initial approximately C$3.79 million financing in support of the Company's proposed acquisition of the Mallay Silver Mine and Tres Cerros Gold-Silver Exploration Project in Peru, which provide potential opportunities for a near-term return to silver production and highly prospective gold-silver exploration. As previously announced, the Company arranged a non-brokered private placement offering of 19,500,000 units of the Company at a price of C$0.105 per Unit for aggregate gross proceeds of C$2,047,500 and a non-brokered private placement offering of US$1,250,000 aggregate principal amount of unsecured non-convertible promissory notes of the Company . The aggregate offering size was approximately C$3.79 million . Sha...
    03.12.2024
  • Stria Lithium Inc. announces the termination of its Jeremiah Project in Quebec's Abitibi region. Initial stripping and sampling did not provide sufficient evidence of lithium-bearing pegmatites to justify further exploration. The Jeremiah Project, comprising 12 titles over 683 hectares, was strategically located at the periphery of the LaMotte Batholith. Despite its proximity to known lithium deposits, recent fieldwork failed to confirm the presence of significant lithium mineralization. "While the initial data from the Jeremiah Project was promising, our recent exploration did not yield the results we anticipated," said Dean Hanisch, CEO of Stria Lithium. "In light of current lithium market conditions, we believe it's prudent to conserve our resources to navigate the present...
  • Mustang Energy Corp. is pleased to announce it has engaged Resource Potentials Ltd. , an arm's length geophysical consulting firm based out of Perth, Australia, to conduct detailed reprocessing, analysis, interpretation, and targeting on the Company's uranium projects located in the Athabasca Basin in Saskatchewan. The Company recently completed a comprehensive historical compilation of previous exploration work conducted on and around its properties, including several magnetic and electromagnetic geophysical datasets and models. The compiled datasets will be merged, processed, re-imaged, and reviewed before being integrated with additional exploration data to identify anomalies of interest. Magnetic anomalies and models will play a crucial role in determining the depths to t...
  • Goldgroup Mining Inc. is pleased to announce a non-brokered private placement of up to 35,000,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of up to $3,500,000 . Each Unit will consist of one common share and one-half common share purchase warrant, with each full warrant being exercisable to purchase one Common Share at a price of $0.15 for 24 months from the date of issuance. The Company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSX Venture Exchange . The Private Placement is subject to approval of the TSXV, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Pr...
  • Midland Exploration Inc. is pleased to announce that it has completed the closing of a non-brokered private placement by issuing a total of 6,123,000 flow-through common shares at $0.40 per share and 625,000 common shares at $0.32 per share, for total gross proceeds of $2,649,200 . The securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period expiring on April 4, 2025. Midland will use the Private Placement proceeds to fund exploration works on its properties located in Quebec and for general corporate purposes. Insiders have participated in the Private Placement and were issued 540,000 flow-through common shares, for total gross proceeds of $216,000. Such participation in the Private Placement is a "related party...
  • K92 Mining Inc. is pleased to announce its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Deeps targets at the Kainantu Gold Mine in Papua New Guinea. Multiple high-grade intersections plus two zones of broadening width, identified as dilatant zones, recorded in a previously sparsely drilled area near the twin incline at Kora. The dilatant zones identified are the first to be drilled with significant drill density, demonstrating large interpreted strike lengths of approximately 60 metres in K1 and approximately 100 metres in K2, providing high potential for bulk mining . These dilatant zones are also located near-mine infrastructure, approximately 175 me...
  • Lucara Diamond is pleased to provide operating guidance for 2025. William Lamb, Lucara's President and CEO, commented on the 2024 progress noting that, "To date in 2024, Lucara achieved remarkable milestones at its Karowe Mine in Botswana, successfully meeting and exceeding all production targets. The Company's strategic focus on the underground mining project showed significant advancement, with shaft depths reaching new records. Further, our innovative extraction technologies are once again proving the quality of the resource through the recovery of two exceptional diamonds larger than 1,000 carats, including the epic 2,488-carat diamond and the 1,094-carat diamond. We have also demonstrated substantial progres...
    03.12.2024
    von CNW


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