MiningNewsBreaks Archive - Page 29 of 107

FridayJul 12, 2024 2:09 pm

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Receives Final Court Approval for New GMIN Plan of Arrangement

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has received the final order from the Ontario Superior Court of Justice (Commercial List) approving the company’s previously announced plan of arrangement. According to the announcement, the company has formed a new entity and been incorporated; the new company will hold and manage the combined business of Reunion Gold and G Mining Ventures Corp. The transaction involves the new company acquiring all of the issued and outstanding common shares in the capital of Reunion Gold and all of the issued and outstanding common shares in the…

FridayJul 12, 2024 1:50 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) Upsizes, Closes Nonbrokered Private Placement

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, has upsized the nonbrokered private placement it announced previously. According to the company, the private placement will comprise up to 30 million units at a price of $0.09 per unit; the placement could result in an estimated $2.7 million in gross proceeds. In addition, Trillion Energy noted that it has closed the remaining tranches of the offering. “Each unit is comprised of one common share of the company and one share purchase warrant, with each warrant exercisable at a price…

FridayJul 12, 2024 1:00 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ), Partner Positioned to Establish Footprint in Global Oil and Gas Market

GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone and jewelry producer with global reach, recently entered a significant collaboration with Latin Energy Partners (“LEP”), an emerging leader and independent E&P company involved in the exploration of significant hydrocarbon reserves in Latin America. “GEMXX and LEP have defined the terms to jointly drill four test wells in a promising geological formation in a Latin American country. This partnership marks a landmark move for both companies in their oil exploration and development pursuits. The partnership particularly aligns with GEMXX’s long-term goals, with CEO Richard Clowater expressing his company’s eagerness to join forces with…

ThursdayJul 11, 2024 3:00 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned as Standout Opportunity for Investors

McEwen Mining’s (NYSE: MUX) (TSX: MUX) share price has shown a remarkable gain of 62.1% over the last 12 weeks, indicating strong momentum and robust performance in the market. “This trend of sustained positive momentum over time is a key indicator of the stock’s potential for continued growth, making it an attractive option for those looking to capitalize on price strength… McEwan Mining’s financial health further supports its strong market position. With a current ratio of 1.37, MUX demonstrates its capability to meet short-term obligations, although its quick ratio of 0.58 suggests a tighter liquidity position when inventory is excluded.…

ThursdayJul 11, 2024 11:17 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Releases Core Review Report on ‘Blue Sky’ Potential at Mal Lake

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an exploration company targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market, is reporting results of its recently completed core review of the historic Mal Lake Nickel occurrence. According to the announcement, the historic Mal Lake drill core is available through the Saskatchewan Ministry of Energy and Resources' Precambrian Geological Laboratory in La Ronge, Saskatchewan, and the Mal Lake nickel occurrence falls within the company's Gochager Lake Property. Calling the results a “significant development,” company officials noted the tremendous exploration potential at Mal Lake, which is a drill…

WednesdayJul 10, 2024 3:45 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Featured in Syndicated Broadcast

Torr Metals Inc. (TSX.V: TMET), a Canada-based company focused on advancing promising early-stage district-scale mineral properties, today announced that it was featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio release covers news of the Ontario government’s granting of a three-year exploration permit to Torr Metals, allowing the company to drill on its wholly owned Filion Gold Project. “The granting of this exploration permit opens up a tremendous opportunity for Torr to build on our promising work from late…

WednesdayJul 10, 2024 11:33 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports on Drilling Status, Results at Canada-Based Storm Copper Project

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, along with its joint venture partner American West Metals Limited, is releasing an update on drilling and exploration activities at its Storm Copper Project on Somerset Island, Nunavut. According to the update, 30 reverse circulation (“RC “) drill holes have been completed with diamond drilling now also underway; the drilling program is increasing with more than 4,450 meters now completed. The company noted that recent drilling has targeted expansion at the Cyclone and Chinook…

WednesdayJul 10, 2024 9:42 am

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Reports on Voting Results from Recent Annual General Meeting

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has released voting results from its annual general and special meeting of the holders of common shares, the holders of options to purchase shares and shareholders. The meeting was held July 9, 2024. According to the report, those in attendance voted in favor of a proposed special resolution to approve the previously announced transaction between G Mining Ventures Corp. (TSX.V: GMIN), Greenheart Gold Inc. (Spinco) and Reunion Gold. The transaction calls for a newly incorporated entity to acquire all issued and outstanding shares of both GMIN…

TuesdayJul 09, 2024 3:44 pm

MiningNewsBreaks – Panther Minerals Inc. (CSE: PURR) (OTC: GLIOF) Featured in Article Covering the Role of Nuclear Power in AI Datacenter Growth

Financial Gambits recently published an article that discusses the increasing energy demands of artificial intelligence (“AI”) workloads and the potential role of nuclear power in meeting these demands. Tech giants Alphabet (which owns Google), Amazon, and Microsoft have invested $40 billion in data centers from January to March (https://ibn.fm/BgGck) to handle AI workloads, highlighting the significant energy consumption of tools like ChatGPT. AI's energy needs are substantial, with a ChatGPT query consuming 10 times more energy than a Google search and having over 180 million users generating over 1.6 billion site visits monthly. As a result, data centers are projected…

WednesdayJul 03, 2024 9:59 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Holds Annual Meeting of Shareholders, Reports on Voting Results

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is announcing the results from voting during its Annual Meeting of Shareholders; the meeting was held on June 27, 2024. According to the announcement, a total of 26,845,690 shares were voted, which represented an estimated 54.33% of the 49,408,775 outstanding shares entitled to vote. Multiple items were voted on and approved. Shareholders elected nine directors, including Robert McEwen, Allen Ambrose, Ian Ball, Richard Brissenden, Nicolas Darveau-Garneau, Robin Dunbar, Michelle Makori, Merri Sanchez and William Shaver. In addition, the company’s 2024 Equity…

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