News Archives - Page 106 of 118

MondayMar 22, 2021 10:57 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Secures $30.5M in Registered Direct Offering

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, has closed its previously announced offering of an aggregate of 10,000,000 shares of common stock of the company. Per an update released today, Uranium Energy secured gross proceeds of $30,500,000 in the registered direct offering, with each of the shares sold at a purchase price of $3.05. The company offered and sold the shares per a securities purchase agreement, dated March 17, 2021, with certain institutional investors. UEC intends to use the net proceeds for additional uranium purchases and for general corporate and working capital purposes.…

WednesdayMar 17, 2021 2:33 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Completion of Uranium Purchases, Additional Funding

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has secured 800,000 pounds of additional U.S.-warehoused uranium; the shipment is comprised of a delivery in April consisting of 500,000 pounds and a second delivery scheduled for December consisting of 300,000 pounds; this uranium purchase follows a previously announced acquisition of 400,000 pounds. In total, UEC now has contracts to purchase 1,200,000 pounds of U3O8 at a volume-weighted average price of $28.94 per pound. In addition, the company has entered into definitive agreements with institutional investors to purchase 10,000,000 UEC common shares at $3.05 per share. The registered direct offering, which…

WednesdayMar 17, 2021 12:27 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Releases Annual, Q4 Financial Results

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) has released its financial numbers for the three- and twelve-month periods ended Dec. 31, 2020. Fourth-quarter financial and operational highlights of the report include a 41% increase in revenues from Q4 2019 ($9 million this quarter compared to $6.4 million in 2019); a gross profit increase of 37%, from a loss in Q4 2019 to $1.6 million in Q4 2020; an increase in silver production from 259,282 ounces in Q4 2019 to 355,581 in Q4 2020, resulting in the company’s strongest quarter of silver production since 2014. Fiscal year 2020 highlights included…

TuesdayMar 16, 2021 11:13 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Balance Sheet Update, Physical Uranium Initiative

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced, in accordance with NYSE American requirements, the filing of its quarterly report on Form 10-Q for the six months ended January 31, 2021 with the U.S. Securities and Exchange Commission (the "SEC"). The Form 10-Q filing, which includes UEC’s condensed consolidated financial statements, related notes and management's discussion and analysis, is available for viewing on the SEC's website or the company’s website. "With $65.8 million in cash and equity holdings, UEC has the balance sheet strength to lead U.S. uranium production higher at the…

MondayMar 15, 2021 10:58 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Expansion of Silver City Project in Germany

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) has more than doubled its Silver City Project with the addition of three exploration licenses for Frauenstein, Mohorn and Oederan. The project now totals an estimated 34,150 hectares. The additional areas have historical records that show centuries of high-grade silver production to shallow depths and recent confirmation samples assaying multi-kilo silver and significant gold. Silver mining in the Frauenstein area, which totals 5,700 hectares, began as early as the 13th century with significant production of silver ranging from the early 1700s until the area closed in 1884. In Mohorn, also 5,700…

TuesdayMar 09, 2021 11:32 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Characteristics of Gold-Backed Crypto Token

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today specified the characteristics of the company’s AABB Gold (“AABBG”) cryptocurrency wallet and token developed by Core State Holdings Corp. (“CSHC”). According to the update, the AABBG token is backed 100% by physical gold held by the company in several high security, private locations in Mexico. AABB will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release will be backed by $30 million…

TuesdayMar 09, 2021 10:36 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) to Begin Commercial Recovery of Rare Earths in Coming Weeks

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading producer of uranium and critical minerals in the United States, today announced that the first shipments of natural monazite ore arrived this past weekend at the company's White Mesa Mill in Blanding, Utah. According to the update, the material was separated by The Chemours Company at its Offerman Mineral Sand Plant in Georgia and transported by truck to the White Mesa Mill. In the coming weeks, Energy Fuels expects to gradually ramp-up production of an intermediate rare earth element ("REE") product, called a "mixed REE carbonate," which will then advance to…

ThursdayMar 04, 2021 12:34 pm

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Issues Rio Loa Drilling Update, Prepares for First Phase Drilling at Alicia

GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, today announced that Phase I drilling continues to advance as planned at Rio Loa. According to the update, the Rio Loa project is located 25 km south of Gold Field's Salares Norte deposit (5.2 million ounces equivalent of gold scheduled to produce 450,000oz of gold per annum*) and 6 km south of Gold Field's Horizonte discovery. The GoldHaven team is actively drilling hole RCRL-003, which is currently in argillic altered limonite-rich volcanic rocks. Silicified volcaniclastic rocks with incipient…

ThursdayMar 04, 2021 11:58 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters LOI to Acquire Mexico-Based Gold Mine and Production Facilities

Asia Broadband (OTC: AABB) today announced its entry into a letter of intent (“LOI”) to acquire a historic production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. According to the update, the 200-hectare property, located near the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property. Asia Broadband has been strategically broadening its initiative to acquire gold production and increase its physical gold holdings. The company will be conducting further due diligence and continuing its negotiations to…

WednesdayMar 03, 2021 9:44 am

MiningNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) CEO Releases Integrity Statement

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has made available what it is calling an integrity statement from company CEO Sue Ozdemir. The statement was released in response to a report, which impacted EXRO stock, that was not affiliated in any way with Exro or the company’s management team. In her statement, Ozdemir noted that the report was full of inaccuracies, innuendos and outright distortions in what she called a “short seller attack” on the company. “We will not take this report lightly and…

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