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North Bay Resources Inc. has announced an agreement to acquire 100% of the Mt Vernon Mine in Sierra County, California.
CEO Jared Lazerson told Proactive's Stephen Gunnion that the Mt Vernon Mine, located near historically rich North American gold mines, is an undeveloped yet promising site. The mine, characterised as a paleoplacer deposit, was once a riverbed, making the gold deposits well-defined and relatively shallow. Significant historical findings include high-grade nuggets, with some reportedly grading at 90 ounces.
The mine is permitted and has existing infrastructure, allowing for the immediate commencement of test mining. North Bay plans to scale up operations to process around 100 tons per day, with expectations of yielding significant gold quantities based on init...

Fathom Nickel Inc. CEO Ian Fraser joined Proactive's Stephen Gunnion with an exploration update on the company's Gochager Lake property.
The recent field program included an extensive soil geochemical survey aimed at identifying signals over the historic deposit, which can be used to locate similar deposits elsewhere on the property. Mapping and sampling of outcrops showed subsurface signals extending up to 400 metres east-northeast of the historic deposit, indicating increased complexity and potential for finding larger deposits.
Fraser highlighted the presence of significant magmatic nickel, copper, and cobalt deposits. The historic Gochager Lake deposit is hosted in a gabbro, a type of mafic intrusion. The discovery of more ultramafic rock with sufficient sulphur saturatio...

Westwater Resources Inc. has announced a significant sales agreement with Fiat Chrysler Automobiles, part of the Stellantis group of companies. This new contract is a crucial step for Westwater Resources in securing debt financing as it represents a major offtake agreement.
Steve Cates, senior vice president and CFO, joined Proactive's Stephen Gunnion with details of the partnership with Fiat Chrysler, a company committed to the energy transition.
The contract involves supplying natural graphite anode material from Westwater's Kellyton graphite plant, covering the balance of the Phase 1 production. This agreement, combined with a previously announced contract with Korea's SK On, ensures that the company's plant capacity is fully contracted.
Cates highlighted the importance of ...

SolGold plc has received notification on 17 July 2024 from Christopher Stackhouse, Chief Financial Officer of the Company, that on 17 July 2024 he had acquired 105,000 Ordinary Shares of £0.01 each in the Company at a price of CAD0.185 per Ordinary Share of £0.01 each in the Company for the total consideration of CAD19,425. Following this acquisition, Christopher Stackhouse holds 320,000 Ordinary Shares of £0.01 each in the Company representing 0.01% of the issued share capital of the Company. CONTACTS Scott Caldwell Chief Executive Officer SolGold plc Tel: +44 20 3807 6996 Tavistock Jos Simson/Gareth Tredway Tel: +44 20 7920 3150 Details of the person discharging managerial responsibilities/person closely associated a) Name: Christopher Stackhouse 2. Reason for the notificat...

Lithium Ionic Corp. is pleased to announce the successful completion of the previously announced royalty agreement with Appian Capital Advisory LLP . Lithium Ionic Bandeira Corp. has executed a definitive royalty agreement with ANRF LI Ltd., an affiliate of Appian, granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of US$20,000,000. This agreement aligns with the terms outlined in the Company's news releases dated May 30, 2024, and June 28, 2024. Appian is an investment advisor to long-term, value-focused private capital funds that invest exclusively in mining and mining-related companies. Lithium Ionic intends to use the proceeds from the Royalty to advance the development and construction of its world-class Bandeira Lithium Project , located w...

MAG Silver Corp. is pleased to announce the publication of its third annual Sustainability Report, which underscores MAG's fundamental commitment to transparency with its stakeholders while providing a comprehensive overview of the Company's environmental, social and governance commitments, practices, and performance for the 2023 year. The 2023 Sustainability Report is supported by the MAG Silver Climate Action Statement and the 2023 ESG Performance Data Table. The 2023 Sustainability Report and ESG Data Table are available on the MAG Silver website at the following link: https://magsilver.com/esg/reports/. Jim Mallory, MAG's Chief Sustainability Officer stated: "The development of MAG Silver's Climate Action Management Plan is our most significant climate change achievement d...

Northstar Gold Corp. CEO Brian Fowler joined Steve Darling from Proactive to announce that the company has successfully closed the first tranche of its previously announced non-brokered private placement generating aggregate gross proceeds of $254,820.03. Additionally, Northstar has received further orders and anticipates closing a second tranche in the near future.
Fowler detailed that the gross proceeds will be predominantly utilized to fund Critical Minerals exploration and conduct diamond drilling on a newly defined, 350-meter-long, 200 Siemens near-surface EM conductor. This conductor is located 600 to 900 meters southeast and along the strike from the historic, high-grade Cam Copper Mine on Northstar's Miller Copper-Gold Property.
Moreover, the company has made signific...

Standard Uranium Ltd. vice president of exploration Sean Hillacre joined Steve Darling from Proactive to unveil exciting new prospecting results and identified drill target areas at the company's Sun Dog Uranium Project, located in the northwestern region of Saskatchewan.
The project is set to embark on a significant drilling campaign in the coming week. This campaign is meticulously designed to test high-priority targets, with the objective of discovering high-grade, basement-hosted uranium mineralization along well-defined structural corridors.
Hillacre, a key spokesperson for Standard Uranium, provided further details to Proactive, emphasizing that several promising drill targets have been prioritized. These targets were identified through the prospecting of conductive roc...

Endurance Gold CEO Robert Boyd joined Steve Darling from Proactive to announce the commencement of a significant drilling program at the Reliance Gold Property in southern British Columbia. Exploration crews have been active on the site since May, conducting target generation field work, environmental baseline studies, and community consultations. The road-accessible property is strategically located 4 kilometers east of the village of Gold Bridge and 10 kilometers north of the historic Bralorne-Pioneer Gold Mining Camp, which has produced over 4 million ounces of gold.
Boyd shared that the planned 2024 program involves up to 10,000 meters of diamond drilling, aiming to expand the gold zones discovered within the Royal Shear, both at depth and along strike. Over the past thre...

Tajiri Resources Corp. is pleased to announce that it has entered into an agreement, subject to shareholder and Exchange approvals, to purchase a vesting 65% interest in the Yono Property, Guyana, South America, in consideration of 40,000,000 shares of the Company. Yono is located in close proximity to the central portion of a collective 5.2Moz @ 2.3g/t Au Indicated and 2.7Moz @ 2.5g/t Au of Inferred Resources1 delineated by G2 Goldfields Inc. and Reunion Gold Corp. at their respective Oko and Oko West Projects. At yesterday's closing share prices, G2 and Reunion, had combined fully diluted market capitalizations of CDN$ 1.34 billion and estimated combined project EVs of CDN$ 1.16 billion, equating to a valuation of USD108 per ounce Au. While Yono contains no de...

Laramide Resources Ltd. , a uranium mine development and exploration company with globally significant assets in the United States and Australia, is pleased to announce the appointment of Mr. Josh Leftwich as Vice-President for Operations and Strategic Planning, U.S.A. Mr. Leftwich's substantive professional expertise will be instrumental in advancing Laramide's U.S. uranium assets through development and into production. Mr. Josh Leftwich's career includes a role as Director of Radiation Safety and Licensing, reporting directly to the President of Cameco. At Cameco, he was a key senior manager in charge of operational compliance and oversight of three mine operations and seven development projects. He was the key contact for all tribal relations which required development and...

Hudbay Minerals Inc. senior management will host a conference call on Tuesday, August 13, 2024 at 11:00 a.m. ET to discuss the company's second quarter 2024 results. Second Quarter 2024 Results Conference Call and Webcast Date: Tuesday, August 13, 2024 Time: 11:00 a.m. ET Webcast: www.hudbay.com Dial in: 1-844-763-8274 or 647-484-8814 Hudbay plans to issue a news release containing the second quarter 2024 results before market open on Tuesday, August 13, 2024 and post it on the company's website. An archived audio webcast will be available on Hudbay's website following the call. About Hudbay Hudbay is a copper-focused mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru and...

Golden Cariboo Resources Ltd. wishes to announce that current drilling in six drill holes, QGQ24-10 through QGQ24-15, are targeting the Halo zone. Early success is indicated by three drill holes, QGQ24-13 through QGQ24-15 which have intersected multiple examples of visible gold within quartz-carbonate +/- pyrite veins, ranging in size from 0.5 to 3.0mm. The first observed example of visible gold is present at 32.00m in QGQ24-13 . Visible gold is seen intermittently in the three drill holes within broad zones of alteration and veining. The Halo zone is 400 meters to the Northwest of Hole QGQ24-09 and potentially represents a separate trend from the North Hixon zone. The six diamond drill holes QGQ24-10 through QGQ24-15 are the first drill holes drilled at the Halo zone to date...