MiningNewsBreaks Archive - Page 48 of 106

WednesdaySep 27, 2023 9:40 am

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Update on Drilling Program Update, Announces Capital Raise

Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting on drilling progress and has announced a capital raise. The company is undertaking a nonbrokered private placement of debt financing with plans to raise up to $3 million, offering holders’ interest of 14% per annum, with interest payments to be made quarterly for a term of two years. As part of the offering, holders will also receive one common share for each dollar of principal paid at the time of…

TuesdaySep 26, 2023 12:28 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Enters Binding LOI to Acquire 50% Interest in Proven Yukon Gold Project

GEMXX (OTC: GEMZ), an enterprise specializing in gold, gemstone and jewelry production, today announced its entry into a binding letter of intent (“LOI”) to acquire an initial 50% stake in The Yukon Gold Project (“the property”), pending conclusion of due diligence and verification of the considerable exploration work already completed on the property and the assessments quantifying the proven and potential gold resources. According to the announcement, exploration work on the property to date includes geological mapping and prospecting, ground magnetometer and induced polarization surveys, soil sampling, trenching and diamond drilling. “In addition to our Snow Creek and Rosella Creek…

TuesdaySep 26, 2023 11:15 am

MiningNewsBreaks — LNG Energy Group Corp. (TSX.V: LNGE) (TSX.V: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH) Report on Sales, Drilling Status

LNG Energy Group (TSX.V: LNGE) (TSX.V: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH), a company focused on the acquisition and development of natural-gas production and exploration assets in Latin America, has released an update on its natural-gas sales and drilling. The company reported 19.2 million cubic feet equivalent per day (“MMcfe/d”) of net natural-gas sales for August 2023 and 18.6 MMcfe/d year-to-date, a 19% and 15% growth in net volumes over the same periods in 2022, respectively. The report also noted that an estimated 93% of total sales this year have been from natural-gas production, and by December, LNG Energy Group will begin realizing natural-gas…

FridaySep 22, 2023 3:45 pm

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Aspiring to Change the Face of the Oil and Gas Industry

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focused on Western Canada, appears poised for record growth. This builds on “the success from 2022, when the company realized a net income of $3.1 million and experienced rapid growth when its revenue grew by a staggering 860% in Q2 2022. Prospera Energy expects significant reductions in production costs through 2024 and sizable increases in daily production. The company is currently exploring strategic acquisition targets to diversify Prospera heavy/light/gas product mix and path to 5,000 BPD over the next 24 months while expanding…

FridaySep 22, 2023 12:02 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Featured in Bell2Bell Podcast

GEMXX (OTC: GEMZ), an enterprise specializing in gold, gemstone and jewelry production, was featured in the latest episode of the Bell2Bell Podcast, a part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. Richard Clowater, president of GEMXX, joined the program and IBN’s Stuart Smith to provide an introduction of ammolite, an extremely rare gemstone, and discuss the company’s innovative business model. “GEMXX is a mine-to-market enterprise, and we aspire to be fully integrated. This means that we must wear a lot of hats... We’re a resource exploration company, and we have over $800 million in…

ThursdaySep 21, 2023 2:49 pm

MiningNewsBreaks — LNG Energy Group Corp. (TSX.V: LNGE) (TSX.V: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH) to Attend First Natural Resources Conference

LNG Energy Group (TSX.V: LNGE) (TSX.V: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH), a company focused on the acquisition and development of natural-gas production and exploration assets in Latin America, will be participating in the upcoming Canaccord Genuity LATAM Natural Resources Conference. Key company leaders, including Pablo Navarro, chair and CEO, and James Morris, vice president of business development and investor relations, will be attending the event, which is scheduled for Sept. 27–28, 2023, in Sao Paulo. “We are pleased to be attending our first natural resources conference now that we have completed our go-public transaction,” said LNG Energy Group chair and CEO…

ThursdaySep 21, 2023 11:48 am

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Receives ITEP Approval for REE Separation Facility

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company focused on rare- and critical-metal resources, extraction, beneficiation and separation technologies with the potential for production, growth and scalability, has completed the local approval process of the Industrial Tax Exemption Program (“ITEP”) for its planned 80,800 square-foot brownfield facility located Alexandria, Louisiana. The company will use the location as its Louisiana Strategic Metals Complex (“LA-SMC”) rare earth element (“REE”) separation and oxide production facility. The company has obtained approvals from the Louisiana Board of Commerce and Industry as well as the Rapides Parish's police jury, school board and sheriff's office. According to…

WednesdaySep 20, 2023 3:47 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Poised Amidst Global Demand for Tin

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, is among those seeking to fill the incremental gap in the supply of tin. “Eloro Resources has recently carried out a number of metallurgy studies linked to its flagship Iska Iska deposit; recent tests have revealed its key deposit to contain two extensive areas of potential mineralization – split into areas focused around silver-tin and silver-zinc-lead, respectively… The miner may soon affirm its place as an integral member of tin’s global supply chain,”…

TuesdaySep 19, 2023 12:49 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Announces 2nd Gold Production from Snow Creek Mine Site

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold exploration, in collaboration with Crazy Horse Mining Inc. (“CHMI”), today announced successful completion of its second clean-out and recording of gold production at the Snow Creek site for the 2023 mining season. In partnership with CHMI, GEMXX has processed 18,000 cubic yards of gold-bearing ore at its Snow Creek mine. According to the update, production results have exceeded expectations, yielding 172.30 ounces of gold from 18,000 cubic yards of material, amounting to 0.96 ounces per 100 cubic yards. “Gold production from the Snow…

TuesdaySep 19, 2023 10:17 am

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Closes on Auramet $12M Loan Facility

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has closed on a secured loan facility with Auramet International, Inc.; the $12 million loan facility was previously announced on Sept. 6, 2023. According to the announcement, the company anticipates using the net proceeds from the transaction for working capital and to advance its permitting and detailed engineering activities. Transaction details include a loan due date of Dec. 18, 2023, with an interest rate of 1% per month; the transaction is subject to a 2.3% arrangement fee. The announcement also noted that Auramet has received…

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