News Archives - Page 15 of 70

MondayJun 24, 2024 1:22 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Secure C$17.1M Royalty Package for Storm Copper Project

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, along with its joint venture partner American West Metals Limited, has entered into a binding funding agreement with Australian-based Taurus Mining Royalty Fund L.P. According to the announcement, Taurus will provide up to $12.5 million under a royalty package for the Storm Copper Project. The announcement noted that 80% of the funding will be allocated for American West Metals and 20% for Aston Bay Holdings. American West Metals plans to use its funds to…

FridayJun 21, 2024 11:07 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Report on Fox Complex, Notes Update on Production and Preconstruction Activities

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on the progress at the Fox Complex, where McEwen is advancing a new mine on the Stock Property. According to the announcement, production is expected to start in the second half of 2025, with pre-construction activities of the stock portal already begun. The company noted that current activities will allow access to mining of the West, Main and East gold zones. “In addition, the portal will provide cost-effective underground drill platforms to enable testing for expected depth extensions of…

ThursdayJun 20, 2024 3:36 pm

MiningNewsBreaks – Torr Metals Inc.’s (TSXV: TMET) Final Assay Results from Kolos Rock Sampling Program Spotlighted in Syndicated Broadcast

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, has been featured in a NetworkNewsAudio (“NNA”) broadcast. The broadcast Torr Metal’s announcement of the final assay results from its 2023 rock sampling program focused on the Vik Zone at its Kolos Copper-Gold Project. “We are strongly encouraged by these promising results, which validate our meticulous exploration strategy at the Kolos Project,” said Torr Metals president and CEO Malcolm Dorsey. “The rock grab sample grades are in-line with comparisons we have made in the region, and we have confirmed surface mineralization in outcrop within all of our high-priority target zones, positioning…

ThursdayJun 20, 2024 11:38 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Receives New Exploration Permit, Commences Exploration Field Activities at the Gochager Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, today announced the recent receipt of all necessary permits to continue exploration activity at its Gochager Lake project. The company also announced the commencement of exploration field activities at the project, with field crews already mobilized. According to the announcement, the exploration permit, which expires July 31, 2026, allows Fathom to drill up to 60 drillholes; construct and utilize an all-season 25-person camp; do necessary line-cutting ahead of surface geophysical surveys; and prepare necessary ground and ice trails to facilitate the…

TuesdayJun 18, 2024 12:54 pm

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Issues Reminder for Warrant Holders Regarding Expiration Date

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has released a reminder for holders of outstanding common share purchase warrants issued on July 8, 2022; the company is reminding holders that the warrants are set to expire at 4 p.m. Vancouver time on July 8, 2024. According to the reminder, 41,338,257 warrants were outstanding as of June 14, 2024. Each whole warrant entitles its holder to purchase one common share of Reunion Gold at an exercise price of C$0.39 per share. “Any warrants not exercised prior to 4 p.m. Vancouver time on July 8, 2024, will expire and become void, and the…

FridayJun 14, 2024 12:42 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes on Flow-Through Financing Valued at $20M

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has closed on its previously announced $20 million public financing. The company anticipates using the funds for ongoing exploration and development at the Fox Complex in the Timmins region of Ontario. According to the company, development will focus on the next area of production growth at the project, which includes exploration drilling and the building of an underground access ramp. “The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenses (‘CEE’) and Canadian Development Expenses (‘CDE’),” said…

ThursdayJun 13, 2024 3:30 pm

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Reports Final Assay Results from Rock Sampling Program, Notes ‘Major’ Copper Discovery Potential

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, is reporting final assay results from the 2023 rock sampling program; the report also noted the delineation of a robust ZTEM geophysical anomaly at the newly defined Vik Zone, located at the Kolos Copper-Gold Project. Highlights of the report show outcrop mineralization coincident with 2023 soil anomalies, new robust ZTEM geophysical anomalies in the east and major copper discovery potential. The company also reported that it has completed its early reconnaissance field sampling program, which included coverage over newly acquired ground to…

ThursdayJun 13, 2024 1:51 pm

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Announces Annual Shareholder Meeting, Outlines Agenda Items for Voting

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has scheduled an annual general and special shareholders meeting. The meeting will be held July 9, 2024, with agenda items that include voting and approving an arrangement with G Mining Ventures. According to the announcement, shareholders will vote to approve a statutory plan of arrangement entered into between Reunion Gold, G Mining Ventures Corp. and Greenheart Gold Inc. The arrangement calls for a new entity to be incorporated to hold and manage the combined business of Reunion Gold and GMIN; the new entity will acquire all of…

ThursdayJun 13, 2024 1:37 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Chairman & Chief Owner Featured in Latest Episode of The MiningNewsWire Podcast

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its McEwen Copper subsidiary. The company’s Chairman and Chief Owner, Rob McEwen, was featured in the latest episode of The MiningNewsWire Podcast as part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. During the interview with host Stuart Smith, McEwen discussed his extensive background in the mining sector, talked about McEwen Mining’s project portfolio, and examined the mining industry’s reputation relating to environmental stewardship before detailing the company’s efforts to…

TuesdayJun 04, 2024 3:21 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Collaborates to Capitalize on High-Potential Opportunities in the Energy Sector

GEMXX (OTC: GEMZ) today announced its entry into a definitive agreement with Latin Energy Partners (“LEP”) to drill four test wells in a highly promising geological formation in Latin America. The strategic venture marks a significant milestone in GEMXX’s expansion into the energy sector, demonstrating the company’s commitment to diversification and growth. According to the announcement, the project will be led by Dinesh Kumar Sarraf, the former chairman and managing director of India’s premier exploration and production company, Oil and Natural Gas Corporation Ltd. “We are thrilled to collaborate with Latin Energy Partners and leverage Mr. Sarraf’s unparalleled expertise in…

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