News Archives - MiningNewsWire

MondayNov 28, 2022 2:34 pm

MiningNewsBreaks – McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) Exploration Program Reveals Significant Gold Mineralization in Grey Fox Area

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported that its ongoing exploration program has identified four new gold veins in the Grey Fox area within the Fox Complex. According to the update, drilling results reveal significant gold mineralization in veins within sedimentary rocks with good gold grades near surface and high-grade gold values encountered at depth. “What we find exciting about this discovery is that the host rock of these veins is very different than the host rock for 98% of Grey Fox’s estimated gold resources of 1.2 million ounces Indicated and 240,000 ounces Inferred,” said SVP Exploration Stephen…

MondayNov 28, 2022 10:54 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Featured in Recent Power Play Interview

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, was spotlighted during a recent interview released by the Power Play by the Market Herald. During the interview, Eloro executive VP of exploration Bill Pearson chatted with host Sabrina Cuthbert about the company’s recent expansion of its holdings at its Brazil-based Iska Iska Silver-Tin Polymetallic Project. Pearson noted that the company will be acquiring the Mina Casiterita and Mina Hoyada properties, which are situated next to the Iska Iska Project. According to Pearson,…

WednesdayNov 23, 2022 11:54 am

MiningNewsBreaks – IBN to Shine the Spotlight on Mines and Money’s London-Based Event

IBN (“InvestorBrandNetwork”), a multifaceted financial news and publishing company, today announced its collaboration with the Mines and Money event series powered by Beacon Events. IBN will serve as official media sponsor for the upcoming Mines and Money London conference taking place Nov 29 to Dec. 1, 2022. Managing the top event portfolio for mining investment, Mines and Money is the gold standard for connecting sophisticated investors from around the world with mining company management teams, both online and in person. Under the collaboration, IBN will provide state-of-the-art communications services and outreach via its syndication network for the upcoming event. To…

TuesdayNov 22, 2022 11:44 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Moves to Significantly Expand Land Position at Iska Iska

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced its entry into an option agreement to acquire the Mina Casiterita and Mina Hoyada properties, which collectively cover 14.75 km southwest and west of the Iska Iska Silver-Tin Polymetallic Project. According to the update, artisanal mining in the 1960s identified high-grade tin veins on the Mina Casiterita property that are hosted in intrusive dacite. From 1962 to 1964, the Departamento Nacional de Geología (National Department of Geology) reported production in Bolivia as 69.85 tonnes grading 50.60% Sn. The company has also staked additional claims in the Iska Iska region. Following…

MondayNov 21, 2022 1:12 pm

MiningNewsBreaks – Resourcing Tomorrow to Connect Miners with Smart Money, Investors with Under-the-Radar Opportunities

Beacon Events, a renowned producer of conferences for leading companies and seasoned investors, will host the upcoming Mines and Money’s Resourcing Tomorrow event at London’s Business Design Center from Nov. 29 to Dec. 1, 2022. As Europe’s largest and most in-depth mining conference dedicated to global sustainability goals, Resources Tomorrow will cover critical themes of how the mining industry can accelerate the broader energy transition and enable a transformation to a green economy. With more than 2,000 key decision makers scheduled to attend, Resourcing Tomorrow offers the foremost networking platform catering to mining leaders, policymakers, investors, innovators, and educators from…

MondayNov 14, 2022 3:11 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Strategic Move to Sell Alta Mesa Project, Focus on Uranium and Rare Earth Production

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium and rare earth elements (“REE”), today announced its entry into a definitive agreement to sell three wholly owned subsidiaries that together hold its Alta Mesa ISR Project to enCore Energy for total consideration of $120 million (the “transaction”). The transaction, which is expected to close by the end of 2022 or early 2023, is significant for the company, as the cash received is expected to fully finance much of Energy Fuels’ uranium, REE, vanadium and medical isotope business plans for the next two to three years without…

MondayNov 07, 2022 12:12 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Q3-2022 Results, Continued Strengthening of Leading Position in Uranium, Rare Earth Elements

Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced its financial results for the quarter ended Sept. 30, 2022. Among the highlights, the company reported a robust balance sheet with $122.3 million of working capital as of Sept. 30, 2022, including $77.1 million of cash and cash equivalents, $11.6 million of marketable securities, $27.3 million of inventory, and no short-term (or long-term) debt. The company’s product inventory has a value of $44.1 million at current commodity prices. “Energy Fuels continues to strengthen our U.S. market leading position in uranium and rare earth elements, which are both critical to the clean energy…

TuesdayOct 18, 2022 12:42 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports Assay Results from Iska Iska Drills

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, has been conducting an ongoing drilling program at its Iska Iska silver-tin polymetallic project and is reporting on two diamond drill holes. According to the announcement, drill hole DSB-36 collared 400m southeast of the Santa Barbara adit, tested the extension of the core of the high-grade feeder zone at Santa Barbara while hole DSB-34 tested the potential southwest limits of the high-grade feeder zone. Eloro noted that so far 118 drill holes have…

WednesdayOct 05, 2022 10:52 am

MiningNewsBreaks – Eloro Resources Ltd.’s (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Iska Iska Drilling Results Support Potential for High-Grade Silver and Tin

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced assay results from two additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. According to the update, one drill hole, DSB-31, tested the potential south-southeastern extension of the high-grade feeder zone at Santa Barbara while the second hole, DSB-33, tested the southwest limit of the zone in the vicinity of the Central Breccia. “We are continuing our 100m-spaced sectional definition diamond drill program focusing on testing the south-southeastern extension of the high-grade feeder zone across the valley…

WednesdaySep 28, 2022 3:04 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Results from Annual Meeting

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced voting results in connection with the annual and special meeting of the company's shareholders, which was held virtually on Sept. 27, 2022. According to the announcement, a total of 31,830,069 common shares representing 45.55% of the company’s issued and outstanding common shares were voted in connection with the meeting. Shareholders voted in favor of the election of the six director nominees as well as other items of business, including the re-appointment of RSM Canada LLP as the company’s auditors, the adoption of new company by-laws, and the approval of the…

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