News Archives - Page 50 of 71

WednesdayDec 08, 2021 1:31 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Scheduled December Launch of Proprietary Cryptocurrency Exchange

Asia Broadband (OTC: AABB) today announced a confirmed release date of Dec. 28, 2021, for its proprietary cryptocurrency exchange (the “Exchange”) within the AABB Wallet. In collaboration with AABB’s digital assets developer, the integration and testing of network components continues in preparation for the initial staged launch of the Exchange. Currently, 150 cryptocurrency Exchange trading pairs have been added into to the BCGateway platform, while 50 more will be added in the coming weeks. The Exchange project has evolved in recent months to vastly improve the finished product. This includes the addition of many new features and capabilities to expand…

MondayDec 06, 2021 3:43 pm

MiningNewsBreaks – Ceylon Graphite Corp. (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) Announces Strong Initial Resource Estimate for K1 Mine

Ceylon Graphite (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) today announced the filing on SEDAR the results of an initial NI 43-101 mineral resource estimate for the K1 Mine Project in Sri Lanka. According to the update, the estimate comprised of total indicated and inferred resources of 274,489 tonnes at a grade of more than 90% Cg. “We are very pleased with this strong resource estimate for the K1 Mine. K1 is the first of potentially 10+ mining prospects of similar potential contained within our land package, covering 30,000 acres containing many of the 3,000 abandoned mines,” Ceylon CEO Don Baxter said…

WednesdayDec 01, 2021 1:06 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Announces DTC Eligibility

StraightUp Resources (CSE: ST) (OTCQB: STUPF) today announced its receipt of confirmation from the Depository Trust Company (“DTC”) that its common shares are now eligible for electronic clearing and settlement through DTC in the United States. DTC eligibility reduces costs and accelerates the settlement process for investors and brokers, allowing the company's common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. “DTC eligibility improves StraightUp’s access to the marketplace during our next phase of growth,” said StraightUp’s president and CEO Mark Brezer. “I expect our shareholders to benefit from…

TuesdayNov 30, 2021 1:57 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters Definitive Acquisition Agreement for High-Grade Bonanza Gold Mine Project

Asia Broadband (OTC: AABB) today announced its entry into a definitive purchase agreement to acquire a 100% interest in the Bonanza Gold Mine Project. According to the update, the company came to terms with Martin Augusto Vallejo Lujambio for the 19.25-hectare concession # 221977, Bonanza, located approximately 48 kms southeast from the city of Acaponeta and 3 kms from the town of El Carrizo, in Nayarit, Mexico. The property’s total purchase price was $6 million, split into $ 2 million cash and $ 4 million in restricted shares of Asia Broadband. The project is another prospective high-yield asset addition in…

MondayNov 29, 2021 2:58 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Discovers Multiple Targets Through Exploration of Ferdinand Gold Project

StraightUp Resources (CSE: ST) (OTCQB: STUPF) today announced that its 2021 ground exploration and heli-bourne magnetic surveys on the Ferdinand Gold Project (the “property”) are complete. According to the update, all available geologic data has been compiled by Orix Geosciences, with their structural interpretation confirming multiple areas of high merit and potential mineralization on the property. StraightUp Resources has the right to acquire 100% interest in the property consisting of 17 contiguous mining claims covering 7,143 hectares located in the south Uchi greenstone belt, 120 km east of Red Lake, Ontario. “We now have confirmation of D2 folding and ultramafic…

WednesdayNov 24, 2021 11:44 am

MiningNewsBreaks – Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) Delivers Positive PEA for Wicheeda REE Project

Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) today announced the results of its Preliminary Economic Assessment (“PEA”) and updated mineral resource estimate for the development of its British Columbia, Canada-based Wicheeda Rare Earth Element (“REE”) deposit. According to the update, SRK Consulting Inc. (Canada) prepared the PEA, which has an effective date of Nov. 21, 2021. A technical report relating to the PEA will be filed on SEDAR within 45 days of the news release. “We are pleased to have delivered a positive PEA for the Wicheeda REE Project that has the potential to be one of the…

ThursdayNov 18, 2021 1:51 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Receives USFS Approval for Kilgore Project Drilling

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) announced that it has received authorization from the United States Forest Service (“USFS”) to move forward with planned mineral exploration activities in the Dubois Ranger District located in Clark County, Idaho. Government regulations required an environmental assessment of EXN’s proposed plan; that assessment was conducted by the Dubois Ranger District, Caribou-Targhee National Forest, and FS Region 4. The company reported that, after thorough review, the USFS determined that Excellon’s plan of operations included appropriate safeguards. Consequently, a Decision Notice/Finding of No Significant Impact (“DN/FONSI”) was issued. The company plan outlines drilling at 130…

WednesdayNov 17, 2021 1:39 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Exceeds $1.1M in Gold-Backed Cryptocurrency Sales Prior to Launch of Proprietary Exchange

Asia Broadband (OTC: AABB) is pleased to announce that it has recorded over $1.1 million in “AABBG” Gold Token sales within the recent four-week period ending Nov. 15, in advance of the imminent launch of the proprietary cryptocurrency exchange. AABB is progressively expanding AABBG token circulation to primary sales markets of North America and Europe with a goal to expand globally to other predominant and high growth market areas to become a worldwide standard of exchange that is secured and trusted with gold backing. The launch of the company’s AABB wallet in March 2021 introduced the market release of its…

TuesdayNov 16, 2021 11:31 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Q3 2021 Financial Report

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has reported its financial results for the three- and nine-month periods ended Sept. 30, 2021. Highlights of the report include revenues of $9.2 million with gross profit of $1.8 million and total cash cost net of byproducts per silver ounce payable improved to $11.02. The company noted that all-in sustaining cost ("AISC") per silver ounce payable totaled $21.52, in part due to increased underground exploration at Platosa, with production cost of $281 per ton. Excellon also saw more than 21,000 tons mined and milled for the fifth quarter in a row, with sizeable stockpiles of ore and…

TuesdayNov 09, 2021 1:45 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Announces Move to OTCQB Listing

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a public company engaged in the business of mineral exploration and the acquisition of mineral property assets in North America, has started trading on the OTCQB Venture Market in the United States under the symbol STUPF. The company noted that its common shares will also continue to trade on the Canadian Securities Exchange (“CSE”) under the symbol ST. The OTCQB exchange is designed for early-stage and developing companies. StraightUp Resources anticipates that the OTCQB listing will result in greater exposure, visibility and trading convenience for its U.S. investors. “Upgrading to the OTCQB provides a…

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