MiningNewsBreaks Archive - Page 19 of 107

ThursdayNov 07, 2024 1:16 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Moving to Benefit from Increased Demand for PGMs

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is poised to benefit from the automotive industry’s shift toward hybrid and electric vehicles (“EVs”). “A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (‘PGMs’) in the coming years, similar to the extended lifespan now predicted for coal,” reads a recent article that contains excerpts from a Reuters report. “Platinum Group Metals, an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of…

ThursdayNov 07, 2024 11:40 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

McEwen Mining (NYSE: MUX) (TSX: MUX) has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met. McEwen’s significant investment demonstrates its commitment to advancing Inventus’s Pardo Project, marking a strategic alignment in McEwen’s broader investment interests in the precious metals sector. To view the full press release, visit https://ibn.fm/MobQk About McEwen Mining Inc.…

WednesdayNov 06, 2024 10:35 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Strong Q3 Performance with 36% Revenue Increase and Major Profit Gains

McEwen Mining (NYSE: MUX) (TSX: MUX) announced impressive financial results for Q3 2024, driven by a 36% increase in revenue to $52.3 million due to higher gold prices and an uptick in production. The company’s gross profit surged by 268% to $13.8 million, reflecting improved operational efficiencies and robust production levels. Additionally, McEwen Mining reported a reduced net loss of $2.1 million, significantly lower than the $18.5 million loss in Q3 2023. Operating cash flow rose to $23.2 million, while adjusted EBITDA soared 586% to $10.5 million, highlighting the company’s enhanced cash flow and operational gains across its assets. To…

TuesdayNov 05, 2024 9:42 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Announces $750,000 Private Placement to Fund Exploration at Gochager Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) has announced a proposed private placement aiming to raise up to $750,000 through the issuance of units, each consisting of one common share and a half transferable warrant. Priced at $0.03 per unit, with a full warrant exercisable at $0.07 for 36 months, the offering will support exploration expenses at Fathom’s Gochager Lake Project in Saskatchewan, as well as general corporate needs. Expected to close by November 14, 2024, the non-brokered offering is open to investors under the Listed Issuer Exemption, with full offering details available on SEDAR+ and the company’s website.…

MondayNov 04, 2024 11:11 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Project Developments in Upcoming Live Webinar with Red Cloud Financial Services

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) will host a live virtual corporate update with Red Cloud Financial Services on Nov. 6, 2024, at 2 p.m. ET. CEO and VP of Exploration will provide insights on the company’s advancements at the Gochager Lake and Albert Lake projects, focusing on nickel, copper, cobalt, and platinum group elements (PGEs). The presentation will include a live Q&A session, and a replay will be available to all registrants via email and on Red Cloud’s website. To view the full press release, visit https://ibn.fm/iSd0m About Fathom Nickel Inc. Fathom is a junior exploration company…

MondayNov 04, 2024 9:15 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Project Developments in Upcoming Live Webinar with Red Cloud Financial Services

ThursdayOct 31, 2024 3:31 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Working to Establish Next Major Gold Exploration Frontier in Northern Ontario

Torr Metals’ (TSX.V: TMET) drill-permitted Filion Gold Project shares remarkable geological similarities with the prolific Hemlo gold camp to the south. “Situated in Northern Ontario’s Wawa Terrane, Filion provides a highly promising environment for discovery, featuring large-scale shear zones and structural controls akin to those that contributed to Hemlo’s impressive 21-million-ounce yield*. In its maiden 2023 exploration, Torr identified six undrilled parallel gold soil anomalies across a 2.5-kilometer-wide corridor, with strike lengths extending up to 1,200 meters,” reads a recent article. “With the majority of the area’s structural and stratigraphic contacts—favorable for concentrating precious metal deposits—yet to be tested, Torr…

WednesdayOct 30, 2024 8:30 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Promising Mineralization at Storm Copper Project, Awaits 2024 Drilling Completion

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) announced a positive update on its Storm Copper Project on Somerset Island, Nunavut, in collaboration with American West Metals Limited, the project operator. Early drilling results from the ST24-02 hole in an underexplored area confirmed widespread sediment-hosted copper mineralization, which CEO Thomas Ullrich highlighted as a promising indication of significant copper potential. A partially completed third deep drill hole encountered challenging conditions due to freezing ground and limited supplies, delaying completion until early 2024. The targeted anomaly remains a priority due to its potential for both fault-hosted and stratiform-hosted copper mineralization. To view the…

TuesdayOct 29, 2024 2:04 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Focused on Increasing Production Capacity to Meet Rising Demand

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a Canadian oil and gas exploration and production company, is playing a pivotal role in meeting the rising demand for natural gas in Europe and Türkiye. “Trillion Energy International has emerged as a significant player in the natural gas sector. The company has been actively involved in natural gas production in Türkiye, where it operates the South Akçakoca Sub-Basin (‘SASB’) gas project. This project is strategically important for Türkiye’s energy goals because it aims to increase domestic natural gas production and reduce reliance on imported energy,” a recent article reads. “A recent update on…

FridayOct 25, 2024 3:06 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Eyes Prospective Horizon at Storm Copper Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) recently released an update regarding its Storm Copper Project’s 2024 drilling exploration program. The program focused on expansion at the Cyclone and Chinook Prospects and delineation drilling at the Lightning Ridge discovery and Thunder Prospect. “The first deep drill hole of the year adds another success to the 2024 exploration program at Storm,” said Aston Bay CEO Thomas Ullrich. “The style of copper mineralization intercepted and its stratigraphic location is similar to Cyclone — this may be the fault-offset southern portion of the deposit and could add to a potential future resource. “In addition…

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MiningNewsBreaks

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Moving to Benefit from Increased Demand for PGMs

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Strong Q3 Performance with 36% Revenue Increase and Major Profit Gains

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Announces $750,000 Private Placement to Fund Exploration at Gochager Lake Project

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Project Developments in Upcoming Live Webinar with Red Cloud Financial Services

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Project Developments in Upcoming Live Webinar with Red Cloud Financial Services

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Working to Establish Next Major Gold Exploration Frontier in Northern Ontario

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Promising Mineralization at Storm Copper Project, Awaits 2024 Drilling Completion

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Focused on Increasing Production Capacity to Meet Rising Demand

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Eyes Prospective Horizon at Storm Copper Project

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