MiningNewsBreaks Archive - Page 37 of 107

FridayMar 22, 2024 1:57 pm

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Excited for Potential Outcome of Drilling Programs in Saskatchewan

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an energy metals exploration company, is targeting high-grade nickel sulfide discoveries for use in the rapidly expanding electric vehicle and green energy markets. “Headquartered in Calgary, Alberta, FNICF operates the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan’s Trans Hudson Corridor. The company commenced drilling at its fully permitted Albert Lake Project in early February 2024 and anticipates moving to its Gochager Lake Project in March. There are a wide variety of data-driven and drill-ready targets at each project. Some are brand new, while others are returning to…

WednesdayMar 20, 2024 3:08 pm

MiningNewsBreaks – InvestorNewsBreaks – GEMXX Corp. (GEMZ) Laying Foundation for Sustainable Long-Term Growth

GEMXX (OTC: GEMZ), a mining and jewelry-making company, specializes in the mining of ammolite, a rare, opal-like gemstone that is only found on the eastern slopes of the Rocky Mountains in Southern Alberta. Last year, the company expanded into the mining of gold to complement the historical resources that undergird its jewelry production strategy. “On Feb. 13, the company reported product deliveries worth $1,051,374 at retail for the month of January, highlighting the success of GEMXX’s focus on operational efficiency and production of high-margin products… GEMXX plans to build on the year-opening report with further investments in exploration, drilling, surveys,…

FridayMar 15, 2024 3:22 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Poised for Opportunity in Burgeoning Indian Market

GEMXX (OTC: GEMZ), a leading mine-to-market company focused on mining and producing jewelry out of gold and ammolite, recently provided a positive outlook covering India’s burgeoning markets for colored gemstones and jewelry. “In the press release, GEMXX highlighted recent industry forecasts, which anticipate that the jewelry market in India will surge by US$21.54 billion between 2023 and 2027, representing an impressive CAGR of 5.54%. This growth, GEMXX holds, is positioning India as a key player in the global jewelry arena. The company also singled out the colored gemstones market in India, which analysts expect to reach US$707.8 million in 2024…

FridayMar 15, 2024 12:47 pm

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Well Positioned to Capitalize on World’s Ongoing Energy Transition

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a Canadian natural resource exploration and development company, is keen on targeting high-grade nickel sulfide developments for use in the rapidly growing electric vehicle market. “Led by a management team boasting over 100 years of combined mining and exploration experience and having raised gross proceeds of approximately C$7.5 million over the past six months to fund its incremental exploration work, Fathom Nickel has set its sights on developing two key nickel projects – the Albert Lake and Gochager Lake projects,” a recent article reads. “With total EV sales anticipated to swell from…

ThursdayMar 14, 2024 2:22 pm

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces 508% Increase in 2023 PDP Reserve Valuation

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced a 508% increase to its proven developed producing (“PDP”) reserve value of 27MM$, reflecting the success of the company’s 2023 development program. In addition, Prospera’s proven plus probable (“2P”) reserve value increased by over 60MM$ to a total of 133MM$ – largely driven by the undeveloped reserve value increase from 58MM$ to $98MM$. InSite Petroleum Consultants Ltd. independently assessed PEI’s Dec. 31, 2023, year-end reserves in accordance with COGEH standards. Using a combination of vertical and horizontal wells, primarily in core assets located in Southwest and West-Central Saskatchewan (>42,000 acres), the…

ThursdayMar 14, 2024 1:58 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Further Amendments to Iska Iska Payment Schedule

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has amended the payment schedule for its Iska Iska silver-tin polymetallic project. The amendment was made by mutual agreement with Empresa Minera Villegas S.R.L., title holder of the project, which is located in the Potosi Department in southern Bolivia. This is the second time in the past month that Eloro Resources has announced amendments to the payment schedule. According to the announcement, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., has made advance payments of $4.9 million to date toward the $10 million option payment. The schedule…

WednesdayMar 13, 2024 4:44 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Option to Epworth Property in Nunavut, Canada

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) recently announced that on Feb. 29, 2024, it entered into a binding letter agreement with Emerald Geological Services (“EGS”) under which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada. “We are very excited to option the Epworth Property,” said Thomas Ullrich, CEO of Aston Bay. “This is an impressive 74-kilometre-long trend of high-grade copper, silver and zinc mineralization with accompanying gold, cobalt and lead. This mineralization is in a style typical of the Central African Copper Belt that boasts several…

TuesdayMar 12, 2024 2:36 pm

MiningNewsBreaks – Reunion Gold Corporation (TSX.V: RGD) (OTCQX: RGDFF) Moves Forward on Oko West Project with EPA Approval of Terms of Scope

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has announce that the Environmental Protection Agency (“EPA”) of the government of Guyana has finalized and approved the Terms of Scope (“ToS”) for the Environmental and Social Impact Assessment (“ESIA”) on the Oko West Project in Guyana’s Region 7. According to the announcement, the company applied for the environmental permit in 2023, then worked with the EPA to identify the ToS for the ESIA. That process included meetings with both government agencies and local communities to identify essential elements, which had to be approved before the…

MondayMar 11, 2024 2:27 pm

MiningNewsBreaks – Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Enters Credit Agreement, Releases Other Key Announcements

Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF), a battery minerals company providing shareholders exposure to the global megatrend of electrification, and its wholly owned subsidiary, ESI Energy Services Inc. (“ESI”) has entered into a C$8 million credit agreement. The agreement is with Fiera Enhanced Private Debt Fund. According to the announcement, ESI has drawn the first advance of C$5 million under the credit agreement with a second advance of up to C$3 million available before May 15, 2024, subject to the satisfaction of specified conditions. The company noted that the net proceeds from the agreement will be used toward the…

FridayMar 08, 2024 1:52 pm

MiningNewsBreaks – Why Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Is ‘One to Watch’

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) is a Canadian minerals exploration company focused on exploring high-grade copper and gold deposits in North America. “The company owns the Storm Copper Project and the Seal Zinc Deposit in Nunavut, Canada, and is currently exploring the Buckingham Gold Vein and critical metals prospects in central Virginia. Aston Bay is also in the advanced stages of negotiation on other properties with high-grade critical minerals potential in these areas. The company believes in responsible exploration and carries out its work programs to the highest standards of social responsibility, environmental stewardship and health and safety,” a…

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