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  • Tinka Resources Ltd. & announces the closing of the first tranche of its previously announced non-brokered private placement financing of units . Pursuant to the closing of the First Tranche, the Company issued 17,392,958 Units at a price of C$0.10 per Unit for gross proceeds of C$1,739,296. Each Unit comprises one common share and one-half of one common share purchase warrant . Each Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of C$0.15 for a period of eighteen months from the applicable closing of the Offering. Nexa Resources S.A. , an Insider and a major shareholder of the Company, increased its ownership interest in the Company and subscribed for 9,859,155 Units for gross proceeds to Tinka of C$985,915. Pri...
    18.12.2024
  • Mirasol Resources Ltd. announced today that the Board of Directors has approved the grant of 1,586,250 incentive stock options to employees, officers, directors and consultants of the Company under the Company's long-term incentive plan. The Options entitle the holders to purchase the equivalent number of common shares of the Company at a price of $0.55 per common share for a period of five years from the date of grant. The options will vest as follows: 30% on the date of grant, followed by an additional 35% on each of the six and twelve month anniversaries of the date of grant. All grants of Options are subject to the Company's Stock Option Plan which was approved by shareholders at Mirasol's annual and special meeting of shareholders on June 11, 2024. For further information...
  • Cascadia Minerals Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement for total proceeds of C$1,750,000 . Michael Gentile, a well-known strategic investor in the junior mining sector and key supporter of Cascadia, participated in the placement and now holds a 10.4% position on a partially diluted basis. The placement consisted of an aggregate of 5,555,556 non-flow-through units at a price of $0.09 per NFT Unit and 12,500,000 flow-through common shares for critical minerals exploration at a price of $0.10 per FT Share. Each NFT Unit comprises one common share and one-half of one common share purchase warrant . Each Warrant shall be exercisable into one additional common share until December 17, 2026 at an exercise price of $0....
    18.12.2024
    von CNW
  • Decade Resources Ltd. is pleased to announce a non-brokered private placement of flow-through shares to raise aggregate gross proceeds of up to $125,000. The flow-through offering will comprise of 2,500,000 flow-through units, at a price of $0.05 per flow-through unit, for gross proceeds of $125,000. Each unit will comprise one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.08 per share, for a 24-month period. The federal proposal for the Mineral Exploration Tax Credit provides an additional income tax benefit for individuals who invest in mining flow-through shares, which augments the tax benefits associated with the deductions that are flowed through. The METC ...
    17.12.2024
  • Muzhu Mining Ltd. is pleased to announce that the Company's wholly owned Chinese subsidiary Luoyang Sow International Mining Company Ltd "LSM" has received a ¥200,000 RMB advance payment against the bulk sample from the Wulonggou Gold Mine . The Wulonggou Gold Mine is in Xishan Township, Luoning County, Henan Province, China. Luoning County encompasses numerous historical and producing gold-silver mines. Click Image To View Full Size The Luonyang Kai Xing Commerce Co., Ltd., of Dongcheng Community, Luoning County, Henan Province, China collected and analyzed samples from WGM and, subsequently, offered to purchase the 200 tons of concentrate from the first 5,000-ton bulk sample announced by Muzhu in its news release dated December 13, 2024. Luonyang Kai Xing Commerce Co. L...
  • Mogotes Metals Inc. updates on field activities at the Filo Sur project in the Vicuña Copper Gold Silver district. CEO, Allen Sabet, stated: "Our geology teams are on the ground, and rapidly advancing our 2024/25 exploration program. The program consists of several hundred meters of trenches, rock chip sampling and mapping at the priority targets of Cruz del Sur, Rincon, Camino, Meseta and Filon Alunita . Further new exposures at Frontera and Colorida are also being mapped and sampled. Further updates from this program are expected in January and February 2025. The results will be used to vector and optimise drill hole design for each of these exploration targets. We also note with interest the results from the adjoining Filo Del Sol project1 which identified a new gold rich ...
    17.12.2024
  • Horizon Minerals Ltd. is pleased to announce the results of the Prefeasibility Study . HIGHLIGHTS - Prefeasibility Study for Pennys Find completed and shows a financially viable project highlighted by the following: o Underground mine design and schedule producing 329.9kt at a fully diluted grade of 3.2g/t Au for 33.5koz over an approximate 23 month mine life o Metallurgical recovery of 88.9% produces 29.8koz recovered under an assumed third party toll milling arrangement in the region o Project generates $24.0M in free cash flow at a gold price of A$3,600/oz - A maiden Ore Reserve, which constitutes 99.7% of the ounces in the production target in the PFS, stands at 328.3kt at 3.2g/t Au for 33.4koz - Pennys Find is fully permitted with all statutory approvals in place - PFS a...
  • Defiance Silver Corp. announces that, further to its news releases dated February 2, 2024, April 10, 2024 and November 29, 2024, relating to a continuous disclosure review of the Company by the British Columbia Securities Commission , it has filed a new technical report on the Company's Zacatecas Project in Mexico . As reported in its November 29th news release, Defiance has been working with SGS Geological Services, who had been contracted to prepare a revised technical report that would include all projects forming part of the overall Zacatecas complex. The revised technical report includes all exploration work completed on the project to date. A mineral resource estimate was disclosed for the San Acacio project in a 2014 technical report. However, as indicated in the Febru...
    17.12.2024
  • Doubleview Gold Corp. is pleased to announce that it is raising flow-through and non-flow-through funds by way of a non-brokered private placement for aggregate proceeds of up to $1,500,000. Each Non-Flow-Through Unit shall consist of one common share of the Company and one common share purchase warrant at a price of $0.38 per Unit. Each Warrant entitles the holder thereof to purchase one common share of the Company at an exercise price of $0.48 per Warrant Share for a period of 6 months following the closing date and thereafter at an exercise price of $0.55 per Warrant Share for a period of 18 months. The Warrants are subject to early termination if the underlying shares trade at a volume weighted average price equal to or greater than $0.65 for 5 consecutive days in the 24 ...
    17.12.2024
  • Elcora Advanced Materials Corp. is providing an update to its Shareholders regarding its Annual General and Special Meeting originally scheduled for January 7, 2025, at 2:30 p.m. Atlantic Standard Time, to be held at 749 Shore Drive, Bedford, Nova Scotia, B4A 2E2 . Due to the resumption of postal services, the Company has decided to postpone the Meeting to January 21, 2025, to ensure sufficient time for the delivery of meeting materials to shareholders. There are no changes to the meeting time or location. These materials include annual matters and a special resolution seeking approval for the proposed consolidation of the Company's common shares. The Company wishes to remind Shareholders that the meeting materials have been filed on SEDAR+ and are available on the Company's ...
  • Canada Carbon Inc. is pleased to announce the closing of a non-brokered private placement of: 15,000,000 flow-through units at a price of $0.02 per FT Unit for agg­regate gross proceeds of $300,000; and 12,500,000 flow-through shares in the capital of the Company at a price of $0.02 per FT Share for aggregate gross proceeds of $250,000 . Each FT Unit is comprised of one FT Share and one common share purchase warrant . Each whole Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at a price of $0.07 per share for a period of 60 months from the date of issuance. The FT Shares will qualify as "flow-through shares" within the meaning of the Income Tax Act . All securities issued pursuant to the Offering will be subject to a hold peri...
  • Sailfish Royalty Corp. is pleased to announce that the Company has entered into a share purchase agreement with Advance Metals Ltd. pursuant to which the Company has agreed to sell to AML all of the issued and outstanding shares of Swordfish Silver Corp. . Swordfish, through Sailfish de Mexico S.A. de C.V., holds the mineral rights in and to the silver exploration project located in the Municipality of San Dimas, State of Durango, Mexico, known as the Gavilanes property . Pursuant to the terms of the Agreement, as consideration for the acquisition of the Purchased Shares by AML, on the Closing Date , AML shall: Make a cash payment to the Company in the amount of US$50,000; Issue to the Company 16,800,000 fully paid ordinary shares in the capital of...
    17.12.2024
  • Bravo Mining Corp. , announces that it has granted a total of 2,264,175 stock options to purchase common shares of the Company to certain directors and officers of the Company pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $1.90 per common share, and vest as to 25% one year from the date of grant followed by 25% annually thereafter until fully vested. All the Options expire on December 16, 2029. About Bravo Mining Corp. Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga Project in the world-class Carajás Mineral Province, Para State, Brazil. Bravo is one of the most active explorers in Carajás. The team, compris...
    17.12.2024
    von CNW
  • Torex Gold Resources Inc. reports that the Director General of Mines under the Federal Ministry of Economy has lifted the temporary suspension notice and allowed for all activities within the Morelos Complex to resume. Jody Kuzenko, President & CEO of Torex, stated: "Following notification that the temporary suspension has been lifted by the Director General of Mines, all production and development activities at the Morelos Complex will resume, including open pit and underground mining, processing operations, and all activities associated with the Media Luna Project. With the suspension lifted, our employees and contractor partners can get back to meaningful and productive work as we complete our own internal investigation. "Full-year 2024 production guidance remains intact a...
    17.12.2024
  • Terra Clean Energy Corp. , is pleased to announce that further to its December 4, 2024 press release, the Company has completed a non-brokered private placement issuing a total of 14,680,000 units at a price of $0.125 per Unit and issuing a total of 11,132,035 flow-through common shares in the capital of the Company at a price of $0.135 per FT Share raising aggregate gross proceeds of $3,337,824.73. Each FT Share will qualify as a "flow-through share" as defined in subsection 66 of the Income Tax Act . Each Unit consists of one common share in the capital of the Company , and one whole Common Share purchase warrant . Each Warrant is exercisable at a price of $0.20 for a period of 36 months following the closing of the Private Placement. The gross proceeds of the FT Offering w...


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