MiningNewsBreaks Archive - Page 16 of 107

MondayDec 16, 2024 8:00 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Advances Exploration at Storm and Epworth Projects in Nunavut

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) provided updates on its 2024 exploration activities at the Storm Copper and Epworth Projects in Nunavut. At Storm, 22,475 meters of drilling confirmed consistent copper grades and identified new targets, with a maiden resource and development study expected in early 2025. At Epworth, Aston Bay expanded its claims by 11,900 hectares, conducted extensive geophysical surveys, and plans to release a comprehensive analysis of the results in January. Additional drilling at Storm refined the geological model, with new discoveries at the Squall Prospect highlighting promising mineralization, including assays of 2.4% copper and 5 g/t silver.…

ThursdayDec 12, 2024 3:05 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned to Capitalize on the Rise of AI

McEwen Mining (NYSE: MUX) (TSX: MUX) is poised to benefit amid the growing use of artificial intelligence (“AI”) in everyday life activities. As the use of AI tools trends upward, such as in the job application process among countless others, “The companies behind those AI tools could be basking in the limelight of their innovations, but behind this revolution lies several unsung heroes; including metals like gold and copper making it possible for AI components like chips and data centers to be built,” reads a recent article. “Companies such as McEwen Mining, leveraging their expertise to help address the surging demand for…

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…

WednesdayDec 11, 2024 2:53 pm

MiningNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Committed to Advancing Gold Assets, Developing Critical Minerals Project

Companies operating in exploration and mining, such as Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), play a key role in discovering and supplying gold. Renforth recently strengthened its position in the gold space with an update on significant exploration advances at two of its properties. “We are encouraged by our continued exploration success, including the recent gold anomaly discovery at Beaupré and the promising visual results from our follow-up work at Parbec. These findings again demonstrate the potential of our properties; continued success in identifying gold mineralization, particularly in underexplored areas, speaks to the immense opportunity ahead,” a recent article…

MondayDec 09, 2024 2:38 pm

MiningNewsBreaks – Platinum Group Metals Ltd.’s (NYSE American: PLG) (TSX: PTM) Waterberg Project Poised for Robust Output Amid Increased Demand

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is emerging as a noteworthy player in the sector as interest in platinum continues to rise. “The company operates the Waterberg PGM Project, a large palladium and platinum deposit located in South Africa. Recently, Platinum Group Metals announced and filed with securities regulators an updated Independent Definitive Feasibility Study (‘2024 DFS’) for the Waterberg Project, which underscores its potential to meet the growing demand for these metals,” reads a recent article. “The 2024 DFS detailed several encouraging developments. First, the company reported a 20% increase in its proven and probable mineral…

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…

MondayDec 02, 2024 2:30 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Poised to Contribute Significantly to Global Copper Supply

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded company exploring for high-grade critical and precious metal deposits, is positioned for opportunity in the electrified world where the demand for copper is set to rise dramatically. “Copper’s unique conductive properties make it indispensable in virtually all electric systems. As society pivots toward renewable energy, copper’s role will become even more significant, as it is used extensively in wind turbines, solar panels, electric vehicles (‘EVs’) and power transmission,” reads a recent article. “To support this transition, companies such as Aston Bay are focused on discovering and developing new copper sources. Aston…

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