News Archives - Page 47 of 71

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…

TuesdaySep 27, 2022 11:30 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Notes Update on Payment Schedule for Iska Iska Silver-Tin Polymetallic Project

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, is reporting that the payment schedule for the company to purchase 99% interest in the Iska Iska Silver-Tin Polymetallic project has been amended. Eloro has an agreement with Empresa Minera Villegas S.R.L., which holds the title to the silver-tine polymetallic project that is located in southern Bolivia, to pay $10 million for the 99% interest. According to the announcement, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., has paid $3.4 million thus far; the amended…

MondayAug 08, 2022 11:25 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Reports Second Quarter 2022 Results

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has filed its Q2 2022 financial results for the period ended June 30, 2022; the company also scheduled a webcast to discuss those results. The webcast is slated for Aug. 9, 2022, at 4 p.m. EDT. Highlights of the report show that Energy Fuels has a robust balance sheet with $134.1 million of working capital; total includes $86.4 million in cash and cash equivalents, $11.8 million marketable securities and $28.6 million of inventory with no debt; the report noted that at current commodity prices, the company's product inventory has a…

WednesdayJul 13, 2022 2:23 pm

MiningNewsBreaks – Standard Lithium Ltd (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L) Releases Update on Key Developments

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project-development company, is reporting on recent corporate and project developments. Highlights of the update include additions to SLI management, a master service agreement (“MSA”) with Telescope Innovations (“TELI”), the progress of a DFS/FEED study award and increased shareholdings by senior management. Specifically, SLI named new positions and members to its management team, including Jason Tielker as vice president of project delivery and Angus Remfry as director of project delivery. In addition, the company is reviewing Pre-FEED deliverables related to its first commercial plant with the anticipation…

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