News Archives - Page 66 of 83

TuesdayJun 08, 2021 10:53 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Details on 2021 Silver City Drilling Program

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced permitting approval for the drill operation plan at the Silver City Project in Saxony, Germany, and provided details outlining the 2021 drilling program. “Our 2020 drilling program confirmed the presence of a major epithermal system, encountered high-grade silver species and delivered high-grade assays, including new discoveries at Grauer Wolf and Reichenbach,” said Ben Pullinger, SVP of Geology and Corporate Development at Excellon Resources. “We achieved these milestones with only 16 holes over 24 kilometres of strike. This year's program will build on the modelling and integration of those results…

MondayJun 07, 2021 11:32 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) to Participate as Hall of Fame Presenter at LD Micro Invitational XI

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the number one U.S. producer of uranium and an emerging U.S. producer of rare earth elements, today announced that it will be a Hall of Fame Presenter at the upcoming LD Micro Invitational XI virtual event. According to the update, Energy Fuels CEO and President Mark S. Chalmers will discuss the company’s growing, monazite-based rare earth element (“REE”) business. Under the business, Energy Fuels, at its Utah-based White Mesa Mill, recently began ramping up U.S. production of an intermediate REE product called a mixed REE carbonate, which, upon success, will be a product ready for…

ThursdayJun 03, 2021 9:56 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Closing of Private Placement

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced that it has closed a non-brokered private placement for aggregate gross proceeds of $1,000,000. According to the update, the offering consisted of the sale of $771,299.76 flow-through units ("FT units") by way of issuing 2,003,376 shares at $0.385 per FT unit and the sale of $228,700.24 hard dollar units ("HD units ") by way of issuing 682,687 shares at $0.335 per HD unit. Final closing of the transaction and private placement is subject to obtaining all standard regulatory approvals, including from the CSE. All securities…

TuesdayJun 01, 2021 11:59 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Large Drilled Widths of Lithium-Bearing Zones at Quebec Property

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole NC21-16 at its Augustus Lithium Property in Quebec, Canada. According to the update, the drill hole intersected a 19-meter-wide zone with 1.17% lithium oxide (“Li 2 O”) at 126 metres (“m”) drilled depth. In addition, there are anomalous values of other rare metals including average values of niobium (“Nb”) 77.83 parts per million (“ppm”), rubidium (“Rb”) 1,378.58 ppm, tantalum (“Ta”) 96.79 ppm, beryllium (“Be”) 181 ppm, and cesium (“Cs”) 67.45 ppm. Average value of iron (“Fe”) is 0.47%. “We are pleased…

FridayMay 28, 2021 12:03 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Results of Election of Directors

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, recently held its annual and special meeting of shareholders. The meeting, which was held on May 26, 2021, was held virtually. At the meeting, the company held its election of directors. Eight individuals were proposed by management for election as directors. Those eight individuals are J. Birks Bovaird, Mark S. Chalmers, Benjamin Eshleman III, Barbara A. Filas, Bruce D. Hansen, Dennis L. Higgs, Robert W. Kirkwood and Alexander Morrison. The company announced that all eight nominees were elected by company shareholders through a combination of…

ThursdayMay 27, 2021 9:47 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) to Retire 107M Restricted Common Shares

Asia Broadband (OTC: AABB) today announced that its management and board of directors have approved the retirement and return of 107 million restricted common shares to the company treasury. According to the update, the share retirement process has been initiated with AABB’s transfer agent and is anticipated to be completed in the coming weeks. Asia Broadband’s initiative to create shareholder value led to the agreements with several third-party shareholders to retire the shares. With ongoing plans to continue the shareholder value initiative, AABB expects to retire additional shares to the company treasury in the near future. To view the full…

WednesdayMay 26, 2021 10:01 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Commences Drilling at Idaho-Based Oakley Project

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced the commencement of a 2,800-metre diamond drilling program at the Oakley Project, Idaho in collaboration with Centerra (U.S.) Inc. According to the update, Centerra has the option to earn up to a 70% interest in the project by, among other things, spending up to US$7 million in exploration expenditures prior to May 2026. Under the terms of the option agreement between the parties, Excellon is the manager of the project and Centerra is the operator and currently funds all expenditures. "Oakley is a low-sulphidation, epithermal gold project with the…

TuesdayMay 25, 2021 10:49 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces High-Grade Assay Results for Prospective Gold Mine Acquisition

Asia Broadband (OTC: AABB) today announced its receipt of mapping and rock sample assay results during the ongoing due diligence process with respect to the letter of intent to acquire a historic production gold mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. The Acaponeta gold project, located approximately 48 kms southeast from the city of Acaponeta, is another prospective high-yield asset addition in the company’s strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings. According to the update, the assays in the geological report revealed high-grade gold, silver and copper values from the…

ThursdayMay 20, 2021 12:36 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Increases in Physical, Equity Uranium Holdings

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced recent increases in its physical and equity uranium holdings. Per the update, the company has acquired an additional 200,000 pounds of U.S. warehoused uranium. UEC’s physical uranium initiative is fully funded with cash on hand and, with this latest acquisition, now includes 2.305 million pounds of U.S. warehoused uranium. The company has also acquired an additional 1,000,000 common shares of Uranium Royalty Corp. (TSX.V: URC) (NASDAQ: UROY) in order to maintain its existing strategic ownership position. The company completed the subscription under a recent bought deal…

TuesdayMay 18, 2021 1:43 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Strong Q1 Results, Poised for Growth in 2021

Asia Broadband (OTC: AABB) today announced the publishing of the company’s first-quarter financial results highlighted by a strong balance sheet with over $100 million in assets. According to the update, AABB is in a highly liquid financial position to self-fund and rapidly advance its gold mining and cryptocurrency sales and exchange business segments. Among the highlights, the update discussed the company’s recent launch of its AABBG gold-backed cryptocurrency token sales, as well as the hiring of a firm that has designed an international marketing campaign to proliferate brand exposure, increase token sales and AABB Wallet transactions and amplify public and…

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