MiningNewsBreaks Archive - Page 2 of 44

TuesdayMar 14, 2023 11:20 am

MiningNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Fourth-Quarter, Year-End 2022 Report

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has released numbers for Q4 and year-end 2022, both for the period ending Dec. 31, 2022. Highlights of the report included MUX subsidiary McEwen Copper completing three tranches of financing, raising $81.9 million in total; production of 133,300 gold equivalent ounces; and the company’s Fox Complex and Gold Bar mines generating a cash gross profit of $19.2 million in 2022 and a gross loss of $0.5 million. In addition, the report noted that MUX had consolidated net loss in 2022 of $81.1 million, or…

FridayMar 10, 2023 12:54 pm

MiningNewsBreaks – Ucore Rare Metals Inc.’s (TSX.V: UCU) (OTCQX: UURAF) RapidSX(TM) Combining Time-Proven SX with New Platform to Process REEs

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S. The company is disrupting China’s dominance with its near-term processing facility in Louisiana, subsequent Strategic Metals Complexes (“SMCs”) in Alaska and Canada, and longer-term development of Boken Mountain on Prince of Wales Island, Alaska. This comes as current tensions between the U.S. and China have brought to light the urgency for North America to have its own REE processing alternatives. “Ucore’s RapidSX(TM) technology provides additional industry options for overcoming the dominance of…

ThursdayMar 09, 2023 12:17 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces 2022 Results, Emergence Among Leading US Producers of Critical Minerals

Energy Fuels (NYSE American: UUUU) (TSX: EFR) on Wednesday announced its financial results for the year ended Dec. 31, 2022. Among the highlights, the company reported a robust balance sheet with $116.97 million of working capital, including $62.80 million of cash and cash equivalents, $12.19 million of marketable securities, $38.16 million of inventory, and no debt. “2022 was an extraordinary year for Energy Fuels as we expanded our U.S. industry-leading uranium business and established a new, sustainable U.S. rare earth supply chain that is already commercially producing the most advanced rare earth material in the U.S. today,” said Mark S.…

WednesdayMar 08, 2023 1:54 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Schedules Q4 and 2022 Results Conference Call

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today announced that it will host a conference call following the release of its Q4 and year-end 2022 financial results. The call is scheduled to begin at 11 a.m. ET on Tuesday, March 14, 2023, at which time management will discuss the company’s financial results and project developments, followed with a question-and-answer session. Interested parties should join the call by dialing (888) 330-2398 (toll-free in the U.S. and Canada) or (240) 789-2709 (outside the U.S. and Canada) and entering conference ID 6712. In addition, attendees should visit https://ibn.fm/tCMW6 to register for the event…

TuesdayMar 07, 2023 12:00 pm

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Assay Results Confirms Potential at Texmont

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) is releasing assay results from its initial drill program at the Texmont property. The results, which are from the first 12 holes of the drill program, confirm high-grade, near-surface nickel mineralization. According to the announcement, the company has drilled 39 holes and 9,670 meters as it has completed the initial phase to support the development of a mineral resource at Texmont, which is located 36 kilometers south of Timmins; the mineral resource is expected to be delivered later this year. The drill results confirm the mineralization pinches out to the south but remains open…

MondayMar 06, 2023 2:33 pm

MiningNewsBreaks – Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Leveraging Decades of Industry Experience to Develop World-Class Exploration Projects

Arizona Metals (TSX: AMC) (OTCQX: AZMCF), a mineral exploration company, advances precious and base metal deposits in Arizona. The company “started 2023 on a positive trajectory with plans to begin exploring outside its flagship Kay Mine copper-gold-zinc-silver asset located in Yavapai County, Arizona… AZMCF owns 100% of the Kay Mine property, which totals 1,300 acres and is not subject to royalties. During 2022, AZMCF received drill permits for both the central and western targets, completing approximately 33,000 meters of core drilling and initiating drilling on targets outside the deposit. The company was funded to complete the remaining 8,600 meters of…

MondayMar 06, 2023 12:39 pm

MiningNewsBreaks – McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) McEwen Copper Inc. Announces Strong Exploration Drilling Results at Los Azules

McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today announced new copper values over extensive widths resulting from infill and step-out exploration drilling at its Los Azules Project. A large porphyry copper-gold-silver deposit, Los Azules holds considerable growth potential, where its ultimate depth and lateral extent remain to be determined. “Strong team performance is accelerating our Los Azules program in 2023,” said McEwen Copper’s VP and General Manager Michael Meding. “Exciting results in hole AZ22174 highlight the potential of exploration to create additional value for McEwen Copper, and continuity of mineralization in the infill program…

FridayMar 03, 2023 3:27 pm

MiningNewsBreaks – Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Signs Agreements Outlining Community Social Initiatives at Punitaqui Project

Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF) has completed agreements with the Comunidad Agricola Potrerillos Alto and the Comunidad Agricola Punitaqui regarding community and social initiatives at its Punitaqui project. According to the announcement, the Potrerillos community is near BMR’s Cinabrio mine assets, and the agreement gives the company permission to conduct surface exploration consisting of a ground magnetic survey, geological mapping, and sampling as well as permission to access and conduct surface work. In addition, BMR will be able to drill potential targets within the first stage of exploration. The agreement also stipulates that Battery Minerals Resources will hire…

FridayMar 03, 2023 12:54 pm

MiningNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Focused on Bringing Best-in-Class Products to Market

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is pursuing the exploration, separation and scalable production of rare earth elements (“REE”) in Canada and the U.S. “Ucore Rare Metals is focused on becoming a leading advanced technology company that provides best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, Ucore’s plan is to counteract China’s control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in Louisiana, with subsequent additional Strategic Metals Complexes (‘SMCs’), and the longer-term development of a heavy-rare-earth-element mineral resource property…

FridayMar 03, 2023 10:45 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Plans to Begin Trading on Toronto Stock Exchange

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced that its common shares will begin trading on the Toronto Stock Exchange at market opening on Monday, March 6, 2023; the shares will trade under the company’s current trading symbol ELO. At the same time, ELO shares will be delisted from the TSX Venture Exchange. “We are pleased to have graduated to the premier Canadian exchange,” said Eloro Resources CEO Thomas Larsen in the press release. “Listing on the TSX will provide Eloro greater market visibility and increased access to capital to help drive the company’s growth as it advances its…

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