News Archives - Page 114 of 118

TuesdaySep 08, 2020 11:42 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Delivers Notice to Debenture Holders, to Reach Debt-Free Status by October

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, has announced a cash redemption of all outstanding debentures; the redemption will result in the company being debt free by Oct. 6, 2020. To reach this significant milestone, the company announced that it had delivered a notice to holders of currently outstanding debentures, which it plans to redeem on Oct. 6, 2020. The announcement notes that the debentures are redeemable for an amount equal to 101% of their principal amount plus accrued and unpaid interest up to but excluding the redemption date. "Energy Fuels is…

FridaySep 04, 2020 12:34 pm

MiningNewsBreaks – Typhoon Exploration Inc. (TSX.V: TYP) to Commence New Drill Program at Aiguebelle-Goldfields

Typhoon Exploration (TSX.V: TYP) on Wednesday announced that it will launch new exploration works on its now solely owned Aiguebelle-Goldfields (“Fay West”) Property. According to the update, the main drilled gold occurrence on Typhoon's ground is located approximately 200 meters westward from the Fayolle Property, for which Monarch Gold Corporation (TSX: MQR) recently released preliminary drill results of 3.33 grams per tonne over 109 metres. "We are very pleased to follow up in this Gold Bull Market with the land package that Typhoon has maintained. We, at Typhoon, feel that the strategy of Typhoon's geographical location picks has been on…

ThursdaySep 03, 2020 12:55 pm

MiningNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Proposed Arrangement with Arm’s-Length Lender, Affiliate

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced a proposed arrangement with an existing arm’s-length lender and its affiliate. Under the agreement, the lender will exercise existing warrants of Petroteq Energy for a minimum of US$61,050 in gross proceeds to the company, which it would use to pay accrued and unpaid interest on three existing convertible debentures of the company held by the affiliate. The transactions addressed in the update are subject to completion and execution of definitive agreements and all necessary approvals,…

WednesdaySep 02, 2020 1:01 pm

MiningNewsBreaks – A.I.S. Resources Ltd. (TSX.V: AIS) Announces Progress on Yalgogrin Orogenic Gold Project

A.I.S. Resources (TSX.V: AIS) today announced that due diligence on the Yalgogrin Orogenic Gold Project has been completed with a three-day project inspection of the historic mines and geology on ELA6030 and EL5891. Among other highlights in the update, the company announced that 12 drill core samples from EL5891 have been verified as correct and show a strong correlation. “With 11 km strike length of known gold workings, and production over 15,000 oz from surface workings, the assay results are what we were expecting. This gives us confidence going forward with our highly prospective gold project in the Lachlan Fold…

TuesdaySep 01, 2020 12:40 pm

MiningNewsBreaks – Central African Gold Inc. (TSX.V: CAGR) (FSE: BC2) (OTCQB: NDENF) Grants Stock Options to Key Individuals

Natural resource company Central African Gold (TSX.V: CAGR) (FSE: BC2) (OTCQB: NDENF) has announced stock options will be available to some of the company’s directors, officers, consultants and employees in accordance to CAGR’s stock option plan. The company outlined the grant of 2 million incentive stock options available at a price of C$0.40; the options are exercisable for a period of five years. To view the full press release, visit http://ibn.fm/FPEyw About Central African Gold Inc. Central African is a natural-resource company with a primary focus on the acquisition, exploration, development and operation of mineral projects in the Democratic Republic…

WednesdayAug 26, 2020 10:12 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) CEO to Present Company Update at LD 500 Conference

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has announced that CEO Mark S. Chalmers has been invited to be a presenter at this year’s virtual LD 500 investor conference. During his presentation, Chalmers will provide an update on the company. The presentation will include an overview of UUUU’s critical mineral initiatives, including uranium production; it will also include discussion on the company’s strategic plan to eliminate debt and its progress with the rare earth element ("REE") processing program. The prestigious conference is scheduled for Sept. 1–4; Chalmers’s presentation is slated for 4 p.m. EST on…

WednesdayAug 26, 2020 9:59 am

MiningNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Shareholder Update

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today released a shareholder update regarding recent ‎transactions relating to the company. Among other highlights, the update discussed Petroteq’s entry into an agreement with Valkor Energy Services LLC. Under the agreement, Valkor will assume responsibility for the management and operations of Petroteq’s existing oil sands plant at Asphalt Ridge, Utah. Valkor, together with its joint venture partner, Tomco Energy plc, ‎are upgrading Petroteq’s existing oil sands plant to increase capacity and reliability for continuous ‎operations at 400…

ThursdayAug 20, 2020 10:07 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Streamlines Organizational Structure, Focuses on Growth

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, today announced that it is making a number of changes to its management team in order to reduce costs, flatten the organizational structure and focus on the ongoing growth of a new generation of U.S. uranium and rare earth element ("REE") professionals. "While the U.S. uranium mining and rare earth element industries are small, there are excellent opportunities, and we have some extremely talented and knowledgeable rising professionals who have shown a true dedication to the values we uphold at Energy Fuels, including safety, environmental…

TuesdayAug 18, 2020 11:07 am

MiningNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Hires COO with Depth, Decades of Experience

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced that it has hired George Stapleton as its new chief operating officer. Stapleton brings with him more than 40 years of experience in the areas of design, construction, fabrication and project management for onshore and offshore plant and energy infrastructure-related projects. In his new role, Stapleton will manage all engineering, planning, procurement, project management and day-to-day operations for Petroteq. “Mr. Stapleton’s recruitment is certainly a most fortuitous event for Petroteq,” said PQEFF chairman Alex…

FridayAug 14, 2020 2:31 pm

MiningNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Additional Debt Conversions, Equity Investment

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that Valkor Engineering has agreed to settle the remaining portion of its debt with the company, namely, US$700,000, through the issuance of 11,666,666 common shares of the company, each at a deemed price of US$0.06. According to the update, including the shares for debt transaction between Valkor and Petroteq announced on July 20, 2020, upon closing of both transactions, Valkor would hold 60,624,666 common shares of the company representing 19.92% of all of its…

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