MiningNewsBreaks Archive - Page 33 of 128

FridayFeb 14, 2025 9:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Raises C$1.1M to Advance Exploration and Development at Montauban

ESGold (CSE: ESAU) (OTCQB: ESAUF) has raised C$1.1 million through a Quebec Critical Mineral flow-through private placement and warrant exercises, underscoring shareholder confidence in the Company’s strategy. The placement, totaling C$300,000, is with Maple Leaf Critical Minerals 2025 Enhanced Flow-Through LP and will support ESGold’s ongoing Ambient Noise Tomography survey and exploration at the Montauban Property. An additional C$802,851 was raised through accelerated warrant exercises following a clause triggered in December 2024, providing non-dilutive capital as ESGold advances toward production. To view the full press release, visit https://ibn.fm/IE8i9 About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully…

ThursdayFeb 13, 2025 2:16 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Makes Breakthrough Discovery at Kolos’ Sonic Zone

Torr Metals (TSX.V: TMET) recently announced a new undrilled discovery at its Kolos Copper-Gold Project, expanding the Sonic Zone to a 12 km² alteration footprint, highlighted by high-grade copper results of up to 1.10%. “Located just 30 kilometers southeast of Canada’s largest open-pit copper mine, the Kolos Project’s new findings align with the region’s significant copper-gold alkalic porphyry systems like the nearby New Afton and Copper Mountain mines,” reads a recent article. “In its latest exploration efforts, Torr Metals made a breakthrough at the Sonic Zone, an area with no prior exploration history. Initial mapping and sampling revealed significant porphyry-style alteration…

ThursdayFeb 13, 2025 9:30 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Advances Los Azules Project with Application for Argentina’s Investment Incentives

McEwen Mining (NYSE: MUX) (TSX: MUX) announced that its subsidiary, McEwen Copper, has applied for Argentina’s Large Investment Incentive Regime (RIGI) to support development of the Los Azules copper project. The $2.7 billion project would benefit from reduced corporate taxes, VAT relief, export duty exemptions, and 30-year stability if approved. Chairman Robert McEwen emphasized the initiative aligns with Argentina’s push for foreign investment, while Vice President Michael Meding highlighted recent milestones, including an approved environmental permit. The move strengthens McEwen Mining’s position in the global copper market. To view the full press release, visit https://ibn.fm/HBcsm About McEwen Mining Inc. McEwen…

WednesdayFeb 12, 2025 9:15 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes $110 Million Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX) has completed its previously announced offering of 5.25% convertible senior notes due 2030, raising $110 million, including a fully exercised $15 million option. The notes carry an initial conversion price of $11.25 per share, representing a 30% premium to the company’s Feb. 6 closing price, with a capped call potentially increasing the effective conversion price to $17.30. Proceeds will be used to partially repay $20 million of senior secured debt and fund corporate initiatives, including expanding gold production at the Fox Complex. Chairman Rob McEwen emphasized the financing’s low dilution risk and cost-effective structure.…

FridayFeb 07, 2025 2:49 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Positioned as Copper Is Key in Modern Technology

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) is a pivotal company in the endeavor to ensure a consistent and ecologically responsible supply of copper. This comes as the global community intensifies its commitment to sustainability, which is driving a surging demand for copper and other essential resources. “Copper’s unique properties, including its excellent electrical and thermal conductivity, malleability and resistance to corrosion, make it indispensable in modern technology. Its applications span an array of uses,” a recent article explains. “Aston Bay, a publicly traded mineral exploration company, is dedicated to discovering high-grade copper and gold deposits in North America. The company’s strategic…

FridayFeb 07, 2025 9:27 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Prices $95M Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX) announced the pricing of $95 million in convertible senior notes due 2030 in a private placement under Rule 144A of the Securities Act. The company granted initial purchasers an option to buy an additional $15 million in notes, potentially increasing the total to $110 million. The notes carry a 5.25% interest rate and an initial conversion price of $11.25 per share, a 30% premium over the Feb. 6 closing price of $8.65. A capped call transaction could increase the effective conversion price to $17.30 per share. Proceeds will be used for a capped call…

FridayFeb 07, 2025 8:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Begins Trading on OTCQB to Expand U.S. Market Access

ESGold (CSE: ESAU) (OTCQB: ESAUF) announced its common shares began trading today on the OTCQB Venture Market under the symbol SEKZF, enhancing visibility and accessibility for U.S. investors. The move supports broader exposure and liquidity ahead of the Company’s targeted Q3 production start at its Montauban Project. ESGold has also submitted all required paperwork for DTC eligibility to enable seamless electronic settlement, with confirmation expected soon. To view the full press release, visit https://ibn.fm/Cfod8 About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With…

ThursdayFeb 06, 2025 2:47 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Leveraging Flagship Project, Partnerships Amid Growing Demand for PGMs

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is uniquely positioned as platinum group metals (“PGMs”), including platinum, palladium and rhodium are poised for growth in 2025, driven by demand in the automotive, hydrogen-energy and industrial sectors. “The company’s flagship Waterberg Project in South Africa is a large-scale resource designed to supply palladium, platinum, rhodium and gold as well as copper and nickel for the global markets,” reads a recent article. “The company is focused on advancing its Waterberg Project, which is expected to be a key low cost supplier of palladium and platinum. The project emphasizes sustainability and cost-efficiency,…

ThursdayFeb 06, 2025 10:05 am

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Closes Final Tranche of Oversubscribed Private Placement, Raising $630,560

Torr Metals Inc. (TSX.V: TMET) has completed the final tranche of its oversubscribed non-brokered private placement, bringing total proceeds to $630,560. The company issued 1,382,500 non-flow-through units at $0.10 per unit, generating $138,250 in gross proceeds. CEO Malcolm Dorsey highlighted the funding's role in advancing the Filion Gold Project in northern Ontario, where recent surveys indicate strong discovery potential. Warrants from the offering are exercisable at $0.20 per share until Feb. 5, 2027, with an acceleration clause. The proceeds will support exploration and working capital, pending TSX Venture Exchange approval. To view the full press release, visit https://ibn.fm/dPCaE About Torr…

ThursdayFeb 06, 2025 9:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Begins First Deep Exploration at Montauban Using ANT Technology

ESGold (CSE: ESAU) (OTCQB: ESAUF) has launched its first-ever systematic deep exploration program at the Montauban Project, marking a historic milestone in the property's 110-year history. In partnership with Caur Technologies, the Company is deploying Ambient Noise Tomography across a 10 km² section to generate 3D subsurface imaging, identify high-value drill targets, and assess the deposit’s full scale. The survey will scan depths up to 400 meters and integrates AI modeling with historical data, aiming to uncover previously unrecognized mineralization and drive long-term value through discovery and production. To view the full press release, visit https://ibn.fm/udiP3 About ESGold Corp. ESGold…

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