MiningNewsBreaks Archive - Page 49 of 122

ThursdayMay 02, 2024 2:30 pm

MiningNewsBreaks – Western Alaska Minerals (TSX.V: WAM) Closes on C$6.11M Public Follow-On Offering

Western Alaska Minerals (TSX.V: WAM), a mining exploration company with silver projects in Alaska, recently closed a public follow-on offering. The offering comprised 9,403,352 units at $0.65 per unit. Aggregate gross proceeds from the offering, which closed on April 26, 2024, totaled $6,112,178.80. Roth Canada acted as co-lead agent and sole bookrunner for the offering. For more information, visit the company’s website at www.WesternAlaskaMinerals.com. About Western Alaska Minerals Western Alaska Minerals is exploring the Illinois Creek Mining District, of which the company has 100% control, in Western Alaska. The large, under-explored land package encompasses five high-grade mineral deposits containing gold,…

WednesdayMay 01, 2024 2:55 pm

MiningNewsBreaks – GEMXX Corporation (GEMZ) Names New CEO, Outlines Key Components of Strategic Expansion Plans

GEMXX (OTC: GEMZ), a leading provider of exquisite gemstone jewelry, has appointed a new CEO and is expanding into proven business channels expected to deliver substantial revenue and shareholder value. According to the announcement, GEMXX founder Jay Maull has retired, and Richard Clowater has been named CEO and chair of the board. Throughout his career, Clowater has worked in upstream, midstream and downstream oil and gas projects, establishing a proven track record of leadership. According to the announcement, his strategic vision and innovative approach will be key as GEMXX moves forward in the dynamic market environment. In addition, the announcement…

MondayApr 29, 2024 2:25 pm

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Recent Kolos Copper-Gold Project Assay Results Spotlighted in Syndicated Broadcast

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, is featured in a broadcast via NetworkNewsAudio (“NNA”). NNA is designed to deliver additional visibility, recognition and brand awareness for companies in the investment community; its broadcasts are distributed to thousands of syndication points. According to the announcement, the audio news release covers Torr’s recent report of preliminary results from its Kolos Copper-Gold Project; the results indicated near-surface high priority geophysical resistivity anomalies extending up to >1.5 kilometers depth that are coincident with highly anomalous copper, gold and molybdenum mineralization at-surface. “The…

FridayApr 26, 2024 1:40 pm

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) CEO Discusses Preliminary Geophysical Survey Results in Latest Proactive Interview

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, has been featured in an interview with Proactive. TMET CEO Malcolm Dorsey joined Steve Darling from Proactive to announce preliminary results that have identified near-surface high-priority geophysical resistivity anomalies extending up to 1.5 kilometers in depth. The announcement noted that these anomalies are coincident with highly anomalous copper, gold, and molybdenum mineralization at the surface. These findings represent a significant step forward in the exploration efforts of Torr metals, potentially unlocking valuable mineral resources in the Kolos Copper-Gold Project. “We are waiting on our drill permits, but over the next couple…

WednesdayApr 24, 2024 3:46 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Announces Promising Preliminary Results at Kolos

Torr Metals Inc. (TSX.V: TMET) today reported preliminary results that have identified near-surface high priority geophysical resistivity anomalies extending up to >1.5 kilometers (“km”) depth that are coincident with highly anomalous copper (“Cu”), gold (“Au”), and molybdenum (“Mo”) mineralization at-surface. According to the announcement, these compelling exploration drill targets were identified using a newly completed 3D resistivity inversion voxel model, derived from the ZTEM geophysical survey completed over the entirety of the 100% owned ~140 km 2 Kolos Copper-Gold Project in late 2023. “The strong correlation between highly anomalous resistivity areas and known surface copper-gold and copper-molybdenum mineralization is incredibly…

WednesdayApr 24, 2024 3:21 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Strategic Agreement and Advisory Board Appointment

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) today announced that on April 23, 2024, it entered into a definitive agreement with Emerald Geological Services (“EGS”) pursuant to which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada. In addition, the company announced the appointment of Dr. Elizabeth Turner to its technical advisory board. “We are pleased to sign the definitive agreement for the Epworth Property,” said Thomas Ullrich, CEO of Aston Bay, “and we are very excited to have Dr. Elizabeth Turner join our technical advisory board. Dr.…

MondayApr 22, 2024 12:41 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF), G Mining Ventures Announce Combination to Set the Stage for a Leading Intermediate Gold Producer in the Americas

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), together with G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), today announced entry into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer (the “transaction”). Through the transaction, GMIN will acquire RGD’s flagship Oko West Project located in Guyana, within the Guiana Shield region, one of the most attractive mining jurisdictions in South America. Under the agreement, GMIN and RGD shareholders will receive common shares of a newly formed company (the “New GMIN”) equivalent to RGD shareholders being issued 0.285 GMIN common shares…

MondayApr 22, 2024 11:59 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB:ATBHF), American West Metals Commence Drilling, Geophysics at 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, has started high-impact drilling and exploration activities at its Storm Copper Project on Somerset Island, Nunavut. According to the announcement, American West Metals Limited will conducting the activities. American West has earned an undivided 80% interest in the project and will be solely responsible for funding the program. As part of the activities, track-mounted reverse-circulation (“RC”) drilling is focused on testing new, high-priority exploration targets; resource definition drilling of the 2023 high-grade copper discovery…

MondayApr 22, 2024 11:22 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters SID Agreement for Base Resources Transformational Acquisition

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REEs”) and vanadium has executed a definitive scheme implementation deed (“SID”) with Base Resources Limited. According to the agreement, Energy Fuels has agreed to acquire 100% of the issued shares of Base Resources in consideration for 0.0260 Energy Fuels common shares and A$0.065 in cash; the transaction will be payable by way of a special dividend by Base Resources to its shareholders for each Base Resources ordinary share held. The transaction has a total equity value of an estimated A$375 million. Highlights of the agreement include that…

FridayApr 19, 2024 3:37 pm

MiningNewsBreaks – Why Advanced Gold Exploration Inc. (CSE: AUEX) (OTC: AUHIF) (FSE: 4TG) Is ‘One to Watch’

Advanced Gold Exploration (CSE: AUEX) (OTC: AUHIF) (FSE: 4TG), formerly Advance United Holdings Inc., is leveraging an entirely different approach to the mining industry. “[The company] has acquired a portfolio of undervalued gold properties and is increasing their value through the application of modern technology. The object is to eventually monetize the projects to add value for its shareholders… It leaves the actual gold mining to others who are experts in that area. Advanced Gold Exploration’s expertise is in identifying and acquiring undervalued properties with significant historical work that were previously not economically viable, but that the company believes have…

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