MiningNewsBreaks Archive - Page 49 of 126

TuesdayJun 25, 2024 12:54 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Announces Strategic Board Appointment

GEMXX (OTC: GEMZ) today announced that Ali S. Abood has joined the board of its primary investment target, Latin Energy Partners. According to the announcement, the addition to the board aligns with GEMXX’s commitment to strengthen its investment portfolio and expand its influence in the global energy sector. Abood brings a wealth of experience in international business, finance and consultancy, with a particular focus on the Middle East and Africa. “We are thrilled to announce Ali S. Abood has joined the board of Latin Energy Partners,” said Richard Clowater, CEO of GEMXX Corporation. “His extensive experience and proven track…

TuesdayJun 25, 2024 10:35 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports on $70M Private Placement, Funds to Support Los Azules Copper Project

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on a nonbrokered private placement financing. According to the announcement, the private placement is comprised of up to 2,333,333 common shares of its wholly owned subsidiary McEwen Copper Inc. The shares were offered at a subscription price of $30 per common share, resulting in gross proceeds of up to $70 million for the company; McEwen Copper currently has 30,937,615 common shares outstanding. McEwen anticipates using funds from the placement to advance work on a bankable feasibility study for the Los Azules copper project, which is…

MondayJun 24, 2024 1:22 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Secure C$17.1M Royalty Package for 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, has entered into a binding funding agreement with Australian-based Taurus Mining Royalty Fund L.P. According to the announcement, Taurus will provide up to $12.5 million under a royalty package for the Storm Copper Project. The announcement noted that 80% of the funding will be allocated for American West Metals and 20% for Aston Bay Holdings. American West Metals plans to use its funds to…

FridayJun 21, 2024 11:07 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Report on Fox Complex, Notes Update on Production and Preconstruction Activities

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on the progress at the Fox Complex, where McEwen is advancing a new mine on the Stock Property. According to the announcement, production is expected to start in the second half of 2025, with pre-construction activities of the stock portal already begun. The company noted that current activities will allow access to mining of the West, Main and East gold zones. “In addition, the portal will provide cost-effective underground drill platforms to enable testing for expected depth extensions of…

ThursdayJun 20, 2024 3:36 pm

MiningNewsBreaks – Torr Metals Inc.’s (TSXV: TMET) Final Assay Results from Kolos Rock Sampling Program Spotlighted in Syndicated Broadcast

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, has been featured in a NetworkNewsAudio (“NNA”) broadcast. The broadcast Torr Metal’s announcement of the final assay results from its 2023 rock sampling program focused on the Vik Zone at its Kolos Copper-Gold Project. “We are strongly encouraged by these promising results, which validate our meticulous exploration strategy at the Kolos Project,” said Torr Metals president and CEO Malcolm Dorsey. “The rock grab sample grades are in-line with comparisons we have made in the region, and we have confirmed surface mineralization in outcrop within all of our high-priority target zones, positioning…

ThursdayJun 20, 2024 11:38 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Receives New Exploration Permit, Commences Exploration Field Activities at the Gochager Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, today announced the recent receipt of all necessary permits to continue exploration activity at its Gochager Lake project. The company also announced the commencement of exploration field activities at the project, with field crews already mobilized. According to the announcement, the exploration permit, which expires July 31, 2026, allows Fathom to drill up to 60 drillholes; construct and utilize an all-season 25-person camp; do necessary line-cutting ahead of surface geophysical surveys; and prepare necessary ground and ice trails to facilitate the…

TuesdayJun 18, 2024 12:54 pm

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Issues Reminder for Warrant Holders Regarding Expiration Date

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has released a reminder for holders of outstanding common share purchase warrants issued on July 8, 2022; the company is reminding holders that the warrants are set to expire at 4 p.m. Vancouver time on July 8, 2024. According to the reminder, 41,338,257 warrants were outstanding as of June 14, 2024. Each whole warrant entitles its holder to purchase one common share of Reunion Gold at an exercise price of C$0.39 per share. “Any warrants not exercised prior to 4 p.m. Vancouver time on July 8, 2024, will expire and become void, and the…

FridayJun 14, 2024 3:39 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Moving to Find Next Discovery at Its Nunavut Property

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral company exploring for high-grade copper and gold deposits in Canada’s Nunavut territory, is proud to be part of Canada’s mining industry, a major sector responsible for 22% of Canada’s total domestic exports and contributing $125 billion to the national GDP. “The company is focused on exploring for gold and copper in North America, specifically in Nunavut, where it has partnered with Australian explorer American West Metals at the high-grade Storm Copper Project. Aston Bay has no required expenditures in the partnership, which is aggressively advancing the high-grade sediment-hosted copper mineralization…

FridayJun 14, 2024 12:42 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes on Flow-Through Financing Valued at $20M

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has closed on its previously announced $20 million public financing. The company anticipates using the funds for ongoing exploration and development at the Fox Complex in the Timmins region of Ontario. According to the company, development will focus on the next area of production growth at the project, which includes exploration drilling and the building of an underground access ramp. “The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenses (‘CEE’) and Canadian Development Expenses (‘CDE’),” said…

FridayJun 14, 2024 11:40 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Targeting Significant Untapped Potential of Its Albert Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is an exploration company that is targeting magmatic nickel sulfide discoveries to support the rapidly growing global electric vehicle market. While North America is deeply dependent on foreign nickel, which is a position of weakness for meeting EV and carbon goals, Canada has the potential to once again be a dominant player in nickel production thanks to companies like Fathom Nickel. “Fathom boasts over 113,000 hectares of prime exploration ground within a region consistently ranked among the top five for mineral exploration by the Fraser Institute. One of Fathom’s key projects, the…

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