News Archives - Page 13 of 77

ThursdayDec 12, 2024 9:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Launches 3D Exploration Using Advanced Tomography at Montauban

ESGold (CSE: ESAU) (OTCQB: ESAUF) has initiated a landmark exploration program at its Montauban Gold-Silver Project using Ambient Noise Tomography technology from CAUR Technologies. The initiative marks the first systematic exploration of the fully consolidated land package and will produce a detailed 3D model capable of identifying mineralization up to 3 kilometers deep. ESGold aims to define the full scale of this historically productive volcanogenic massive sulfide district while minimizing cost and environmental impact. At its AGM, 99.96% of shareholders backed management’s strategy to position the Company as a sustainable gold and silver producer. To view the full press release,…

ThursdayDec 12, 2024 8:00 am

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Gains National Recognition with PyroDelta’s Innovative Thermoelectric Technology

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) announced that its subsidiary, PyroDelta Energy, and its tellurium-based thermoelectric generator were featured in a USA Today article titled "How PyroDelta’s Thermoelectric Technology Could Change Energy Independence." The piece highlights the generator's ability to produce power without reliance on large batteries, solar panels, or the electrical grid. PyroDelta’s Director of Engineering, Michael Abdelmaseh, emphasized the device's scalability, versatility, and potential to address critical energy storage challenges. He also noted the generator's automotive application, which converts waste heat from engine coolant into electricity, replacing the alternator entirely. First Tellurium President and CEO Tyrone Docherty expressed optimism…

MondayDec 09, 2024 12:55 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Adjusts 2023 Financial Statements, Reduces Reported Net Loss

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has reissued its 2023 consolidated financial statements to correct a classification error, reducing its net loss for the year to $43,842 from the previously reported $1,102,194. The adjustment stems from a foreign exchange loss on intercompany accounts, which under IAS 21 should have been recorded as other comprehensive loss rather than net loss. Despite changes to several financial statement line items, the company confirmed the adjustments have no impact on cash flows or the overall financial position. Quarterly statements for Sept. 30, 2024, remain unaffected. To view the full article, visit https://ibn.fm/PznTq About Trillion Energy…

FridayDec 06, 2024 9:59 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Launches $50 Million At-the-Market Equity Program

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) as entered into an equity distribution agreement with BMO Nesbitt Burns Inc., Beacon Securities Limited, and BMO Capital Markets Corp. to establish a new at-the-market equity program ("2024 ATM Program"). The program allows the company to sell up to $50 million in common shares through market-based transactions at prevailing prices, with proceeds designated for pre-construction site work and phase one development at the Waterberg Project, a Saudi Arabia smelter feasibility study, and general corporate purposes. The agreement is valid until December 2026 or until the $50 million cap is reached, with sales…

TuesdayDec 03, 2024 9:30 am

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Boosts Production with Successful Tubing Operation at SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has completed the installation of 2 3/8 velocity string tubing in four wells at the SASB Gas Field in Turkey, including three long-reach wells on the Akcakoca Platform. This operation aims to reduce water loading and enhance gas production by enabling wells to produce at lower wellhead pressures. Initial results show steady production improvements from Guluc-2 and West Akcakoca-1, while Akcakoca-3 continues with reduced water output. The next phase includes similar upgrades to two tripod wells, reservoir stimulation, and optimized choke adjustments to maximize gas recovery. Despite winter delays, Trillion anticipates a significant boost…

WednesdayNov 27, 2024 8:00 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Plans for Saudi-Based PGM Smelter and Refinery

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has signed a memorandum of understanding (MOU) with Ajlan & Bros Company for Mining and Saudi Arabia's Ministry of Investment (MISA) to explore the development of a platinum group metals smelter (“PGM Smelter”) and base metal refinery (“BMR”) in Saudi Arabia. The initiative supports Saudi Arabia’s Vision 2030 by fostering the mining and minerals sector as a key economic pillar. Building on a 2023 Cooperation Agreement with Ajlan, the project includes a global PGM concentrate market study, a feasibility study, and potential for a 50:50 joint venture. The project aims to process…

TuesdayNov 26, 2024 9:32 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports High-Grade Mineralization in Santa Barbara Zone of Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced initial assay results from its definition diamond drilling program in the Santa Barbara starter pit area of the Iska Iska silver-tin polymetallic project in Bolivia. Highlighted results from Hole DSB-68 include a 289.13-meter intersection grading 66.90g Ag/t, 0.63% Zn, 0.42% Pb, and 0.11% Sn, with higher-grade intervals reaching up to 126.10g Ag/t over 122.03 meters. The drilling confirms large high-grade mineralized shoots within breccia pipes that serve as feeders, with mineralization widening at depth. These results align with the geological zoning model of Bolivia's Tin Belt and suggest the potential for…

MondayNov 25, 2024 8:00 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Updates 2024 Exploration Progress at Storm Copper Project, Highlights New Discoveries

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) provided an update on the 2024 exploration activities at the Storm Copper Project on Somerset Island, Nunavut, operated by American West Metals Limited under a 20/80 joint venture agreement. Aston Bay retains a free carried interest until a mining decision is made following a bankable feasibility study. CEO Thomas Ullrich highlighted the discovery of two new zones with copper, zinc, and silver mineralization, emphasizing the potential of the 110 km-long trend. He noted the success of prospecting, geophysics, geochemistry, and drilling efforts and announced ongoing development of a maiden resource and further testing of new…

FridayNov 22, 2024 9:59 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Featured in Editorial Highlighting Growing Demand for Critical Metals

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) announced its inclusion in an editorial by NetworkNewsWire (NNW), titled “Critical Metals Surge Opens Prime Opportunity for Mining Investors,” which explores rising interest in mining fueled by the global shift to clean-energy technologies and the growing demand for critical and traditional metals. The editorial highlights the importance of platinum group metals (PGMs) in industrial applications, including autocatalysis and pollution control, driven by decarbonization efforts and geopolitical tensions affecting supply. Platinum Group Metals Ltd. is positioned as a leader in the PGM sector, supported by its flagship Waterberg Project in South Africa. To…

MondayNov 18, 2024 1:45 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ownership Led by Individual Investors Holding Majority Stake

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) was featured in a recent article by Simply Wall St. The publication describes Platinum’s ownership structure, explaining that the company is primarily owned by individual investors, who hold a 51% majority stake, granting them substantial influence over the company’s governance and management decisions. Institutional investors also hold a significant portion, contributing to PTM's credibility within the investment community, though ownership remains fragmented, with the top 25 shareholders collectively owning 48%. The largest single shareholder is Hosken Consolidated Investments Limited, holding 26% of shares. Insider ownership is minimal, with less than 1%…

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