MiningNewsBreaks Archive - Page 46 of 116

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…

ThursdayMar 07, 2024 3:31 pm

MiningNewsBreaks – GEMXX Corp.’s (GEMZ) Commitment to Quality, Craftmanship and Market Adaptability Expected to Drive Strong Results

GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone and jewelry producer with global reach, recently announced that it is anticipating strong growth over the next 24 months, founding this forecast on the sustained upward trajectory in gold prices and the burgeoning demand for ammolite jewelry. “In the press release announcing the forecast of robust growth, GEMXX describes its entry into gold mining as ‘a new and welcomed asset to the company’s balance sheet,’ with gold adding considerable support to its mine-to-market business model... The press release also describes the growing demand for ammolite jewelry, which has been driven by the rapidly…

MondayMar 04, 2024 12:14 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports Amended 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 the remaining $10 million needed for the company to earn a 100% interest in the Iska Iska silver-tin polymetallic project in the Potosi Department, which is located in southern Bolivia. The amendment was made with the agreement of Empresa Minera Villegas S.R.L., which is the title holder of the Iska Iska project. 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 with the…

MondayMar 04, 2024 11:56 am

MiningNewsBreaks — Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Reports on MRE, Announces Participation at Upcoming Mining Event

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element and uranium sectors, announced that it received an independent maiden Mineral Resource Estimate (“MRE”) for its Brazil ionic adsorption clay project. The maiden MRE shows the PCH project is estimated at 52.8 million tonnes (“Mt”) comprising 6.6 Mt Indicated resource with a grade of 2,513 parts per million total rare earth oxide (“TREO”) and 46.2 Mt Inferred resource with a grade of 2,888 ppm TREO. The MRE indicates that the deposit contains significant concentrations of neodymium, praseodymium, dysprosium and terbium,…

WednesdayFeb 28, 2024 2:49 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Leveraging Competitive Advantage with Mine-to-Market Business Model

GEMXX (OTC: GEMZ) is a company that focuses not only on producing gold, gemstone and jewelry from its own land resources, production facilities and operating assets but also on global distribution. “With the company controlling all of these stages as part of its strategy to support its mine-to-market business model, GEMXX has established a significant competitive advantage. As a McKinsey report details: ‘The mining value chain – which includes everything from extracting raw material to delivering products to consumers – is the backbone of the industry. Companies that manage their value chain well can establish a significant source of competitive…

WednesdayFeb 28, 2024 12:28 pm

MiningNewsBreaks — Advanced Gold Exploration Inc. (CSE: AUEX) Announces New President

Advanced Gold Exploration (CSE: AUEX), has appointed Dr. Andrew Ramcharan, PhD, P.Eng., as president of the company; the appointment was effective beginning Feb. 15, 2024. The company noted that current president Jim Atkinson is resigning as president, although he remains as CEO and as a company director. Ramcharan brings a deep background in investor relations and corporate strategies to his new position, having completed more than 300 project evaluations globally on many commodities and proposed 40-plus investment strategies; he has also been involved in the completion of two major takeover transactions worth $800 million and $1.5 billion and has raised more…

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