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Graphite One Inc. is pleased to announce a revision to the cost-share ratio governing G1's Defense Production Act grant in July 2023 to facilitate the accelerated completion of its feasibility study. This is key to progressing the company's planned 100% US-based graphite materials supply chain.
The revised cost-share agreement with the DoD will increase the DoD's share of expenditures related to Graphite One's accelerated feasibility study from 50% to 75% based on a revised contract value of $49.8M. Given this amendment, the DoD's maximum share of the accelerated feasibility study program is now $37.3M.
G1 has confirmed to the DoD's project oversight team that its Graphite Creek natural flake graphite deposit north of Nome, Alaska, remains on schedule to complete this feasibi...

Talon Metals Corp. is pleased to announce that Talon Nickel LLC , a wholly-owned subsidiary of Talon, has agreed to grant an additional net smelter returns royalty to a subsidiary of Triple Flag Precious Metals Corp. , Triple Flag USA Royalties Ltd. , in consideration of the payment of US$8.0 million . The principal terms of the Triple Flag US Transaction are set out below. The proceeds received from the Triple Flag US Transaction are intended to be used to continue to advance both the Tamarack Nickel Project in Minnesota, USA and the Michigan Nickel-Copper Project in the Upper Peninsula of the State of Michigan, USA, as well as for general working capital purposes. Talon CEO Henri van Rooyen commented: "Triple Flag has been a long-time partner with Talon and kno...

Sky Gold Corp. announces that further to the previously announced non-brokered private placement , the TSX Venture Exchange has granted the Company a 30 day extension to close this private placement. The Company has closed 2 tranches of the private placement for gross proceeds of $366,400. In connection with the closing of the first and second tranches, the Company has issued 6,600,000 non-flow-through units at a price of $0.05 per unit and 520,000 flow-through units at a price of $0.07 per Unit. Each NFT Unit is comprised of one common share and one transferrable Share purchase warrant of the Company. Each Warrant will entitle the holder to purchase one Share at a price of $0.07 per Warrant Share for a 36-month period after the Closing Date. Each FT Unit is comprised of one ...

CVW CleanTech CEO Akshay Dubey discussed the company's innovative technology aimed at reprocessing tailings from oil sands mining with Proactive's Stephen Gunnion.
Dubey explained that the process recovers valuable hydrocarbons, zircon, and titanium from waste, significantly reducing fugitive methane emissions by over 90% and aiding in environmental remediation. CVW CleanTech targets Alberta's oil sands mining sector, particularly six major sites operated by Imperial Oil, Canadian Natural Resources, and Suncor, which collectively produce about 1.5 million barrels of oil daily.
Dubey highlighted CVW CleanTech's contribution to meeting environmental, social, and governance goals, aiding oil companies in achieving net-zero emissions by 2050. The technology also addresses the sust...

Group Eleven Resources Corp. CEO Bart Jaworski joined Proactive's Stephen Gunnion with news that the company hopes for a second major zinc discovery at its Carrickittle West prospect in the Republic of Ireland.
Jaworski said initial drilling at Carrickittle West indicated substantial intervals of sulphide mineralization, with evidence of a major fault which may be crucial for mineralization. The company plans a 1,700m drill program, aiming to complete it by year-end,
He also highlighted the company's first significant zinc-lead discovery in Ireland, Ballywire, with 29 drilled holes showing mineralization over a 2.6 km strike length, within a 6 km prospective trend. The most notable result was 30m of 11% zinc and 80g/t silver. Glencore is the largest shareholder, with Michael ...

Apex Critical Metals Corp. , is pleased to announce that it has completed the first tranche of a non-brokered private placement , issuing a total of 2,500,000 units at a price of $0.40 per Unit, raising aggregate proceeds of $1,000,000 . Each Unit consisted of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder to purchase one Share at a price of $0.60 per Share for a period of one year from closing of the Offering . The proceeds of the Offering will be used for property exploration and general working capital. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and a day from the Closing. In addition, the Company entered into an agreement with each subscriber whereby t...

TVI Pacific Inc. is pleased to announce the receipt of the principal amount of $428,846.00 under the Company's previously announced funding commitment agreement with Prime Resources Holdings, Inc. ; that all resolutions presented for approval at the annual general and special meeting of shareholders held on June 27, 2024 were duly passed; and certain appointments and resignations of its executive management team following conclusion of the Meeting. Promissory Note In accordance with the terms of the Funding Commitment Agreement, the Lender advanced the Loan to TVI and evidenced by an unsecured interest-bearing promissory note . The Note accrues interest at a rate of prime plus 2.0% per annum and, subject to certain acceleration events, matures in December 2025. As of the date...

Fremont Gold Ltd. is pleased to announce a non-brokered private placement of up to 10,000,000 units at a price of C$0.10 per unit for gross proceeds of up to C$1,000,000 . Each Unit will be comprised of one common share of the Company and one half of one share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one Share at a purchase price of $0.17 for a period of 18 months following the close of the Placement. Dennis Moore, President and CEO of Fremont states "Armenia is a very prospective jurisdiction in the heart of the Tethyan Metallogenic Belt with an investor-friendly corporate environment and a well-established mining culture. The country hosts numerous large base and precious metal deposits, both in production and under constructio...

Treasury Metals Inc. is pleased to announce the completion of tranche 2 of the previously announced non-brokered private placement of flow-through units. Tranche 2 consisted of 8,690,000 FT Units at $0.23 per FT Unit for aggregate gross proceeds of C$1,998,700. Combined with the closing of the first tranche of the Financing, the Financing consisted of an aggregate of 27,826,000 FT Units at $0.23 per FT Unit for aggregate gross proceeds of C$6,399,980. In addition, Treasury is pleased to confirm that it has completed its continuance from the Province of Ontario to the Province of British Columbia, and its common shares will commence trading today on the TSX Venture Exchange as of the open of the market and the common shares have been delisted from the Toronto Stock Exchange ....

DESIGNATED PRESS RELEASE Sandstorm Gold Ltd. is pleased to report the sales and revenue figures for the second quarter ended June 30, 2024 . Second Quarter Preliminary Sales and Revenue During the three months ended June 30, 2024, the Company sold approximately 17,400 attributable gold equivalent ounces1 and realized preliminary revenue2 of $41.4 million . Preliminary cost of sales, excluding depletion2 for the three months ended June 30, 2024, was $4.7 million resulting in cash operating margins1 of approximately $2,043 per attributable gold equivalent ounce1 . Release Date and Conference Call Details The Company will release its 2024 second quarter results on Thursday, August 1, 2024, after markets close. A conference call will be held on Friday, August 2, 2024, starting at...

Rua Gold Inc. is pleased to provide an exploration update for the Reefton Project on the South Island of New Zealand. Permit and Land Access Agreements for drilling have been extended for a further 5 years The Company's application to extend the permit and Access Agreement at the Reefton Project on New Zealand's South Island for an additional 5 years has been granted by both the New Zealand Petroleum and Minerals and the Department of Conservation , following Iwi and archaeology consultation. This provides the Company full access to carry out an extensive drill campaign on 37 drill sites and includes the establishment of the associated infrastructure, including camps and pumping stations. The Company now has the rights to drill all the targets identified following our extensi...

TNR Gold executive chairman Kirill Klip talked with Proactive's Stephen Gunnion about significant developments in the Los Azules copper project in Argentina, in which TNR holds a 0.4% net smelter returns royalty.
Klip highlighted the recent $70 million financing round led by McEwen Copper, with Rob McEwen himself investing $5 million and McEwen Mining contributing another $14 million. This financing follows previous substantial investments by Rob McEwen, Rio Tinto, and Stellantis.
Klip emphasised the importance of the project reaching a bankable feasibility study, expected in the first quarter of next year. The recent political changes in Argentina, with new pro-reform measures, are anticipated to benefit the project by reducing red tape and providing tax cuts.
Additionally, ...

Tincorp Metals Inc. is pleased to report that the Company's Omnibus Equity Incentive Plan has been approved by the TSX Venture Exchange . The Omnibus Plan was approved by the Company's shareholders at the Company's annual and special meeting of shareholders on June 21, 2024, it replaces the Company's existing stock option plan and allows for the grant of options to purchase up to 10% of the total issued and outstanding common shares calculated on the date of the grant, and the grant of other forms of equity incentive securities to acquire up to 6,690,742 common shares. The Company has granted, subject to regulatory approval, an aggregate of 2,440,000 stock options to directors, officers, employees and consultants of the Company, pursuant to the terms of the Company's Omnibus ...