MiningNewsBreaks Archive - Page 49 of 127

ThursdayJul 11, 2024 3:00 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned as Standout Opportunity for Investors

McEwen Mining’s (NYSE: MUX) (TSX: MUX) share price has shown a remarkable gain of 62.1% over the last 12 weeks, indicating strong momentum and robust performance in the market. “This trend of sustained positive momentum over time is a key indicator of the stock’s potential for continued growth, making it an attractive option for those looking to capitalize on price strength… McEwan Mining’s financial health further supports its strong market position. With a current ratio of 1.37, MUX demonstrates its capability to meet short-term obligations, although its quick ratio of 0.58 suggests a tighter liquidity position when inventory is excluded.…

ThursdayJul 11, 2024 11:17 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Releases Core Review Report on ‘Blue Sky’ Potential at Mal Lake

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an exploration company targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market, is reporting results of its recently completed core review of the historic Mal Lake Nickel occurrence. According to the announcement, the historic Mal Lake drill core is available through the Saskatchewan Ministry of Energy and Resources' Precambrian Geological Laboratory in La Ronge, Saskatchewan, and the Mal Lake nickel occurrence falls within the company's Gochager Lake Property. Calling the results a “significant development,” company officials noted the tremendous exploration potential at Mal Lake, which is a drill…

WednesdayJul 10, 2024 3:45 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Featured in Syndicated Broadcast

Torr Metals Inc. (TSX.V: TMET), a Canada-based company focused on advancing promising early-stage district-scale mineral properties, today announced that it was featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio release covers news of the Ontario government’s granting of a three-year exploration permit to Torr Metals, allowing the company to drill on its wholly owned Filion Gold Project. “The granting of this exploration permit opens up a tremendous opportunity for Torr to build on our promising work from late…

WednesdayJul 10, 2024 11:33 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports on Drilling Status, Results at Canada-Based 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, is releasing an update on drilling and exploration activities at its Storm Copper Project on Somerset Island, Nunavut. According to the update, 30 reverse circulation (“RC “) drill holes have been completed with diamond drilling now also underway; the drilling program is increasing with more than 4,450 meters now completed. The company noted that recent drilling has targeted expansion at the Cyclone and Chinook…

WednesdayJul 10, 2024 9:42 am

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Reports on Voting Results from Recent Annual General Meeting

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has released voting results from its annual general and special meeting of the holders of common shares, the holders of options to purchase shares and shareholders. The meeting was held July 9, 2024. According to the report, those in attendance voted in favor of a proposed special resolution to approve the previously announced transaction between G Mining Ventures Corp. (TSX.V: GMIN), Greenheart Gold Inc. (Spinco) and Reunion Gold. The transaction calls for a newly incorporated entity to acquire all issued and outstanding shares of both GMIN…

TuesdayJul 09, 2024 3:44 pm

MiningNewsBreaks – Panther Minerals Inc. (CSE: PURR) (OTC: GLIOF) Featured in Article Covering the Role of Nuclear Power in AI Datacenter Growth

Financial Gambits recently published an article that discusses the increasing energy demands of artificial intelligence (“AI”) workloads and the potential role of nuclear power in meeting these demands. Tech giants Alphabet (which owns Google), Amazon, and Microsoft have invested $40 billion in data centers from January to March (https://ibn.fm/BgGck) to handle AI workloads, highlighting the significant energy consumption of tools like ChatGPT. AI's energy needs are substantial, with a ChatGPT query consuming 10 times more energy than a Google search and having over 180 million users generating over 1.6 billion site visits monthly. As a result, data centers are projected…

WednesdayJul 03, 2024 9:59 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Holds Annual Meeting of Shareholders, Reports on Voting Results

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is announcing the results from voting during its Annual Meeting of Shareholders; the meeting was held on June 27, 2024. According to the announcement, a total of 26,845,690 shares were voted, which represented an estimated 54.33% of the 49,408,775 outstanding shares entitled to vote. Multiple items were voted on and approved. Shareholders elected nine directors, including Robert McEwen, Allen Ambrose, Ian Ball, Richard Brissenden, Nicolas Darveau-Garneau, Robin Dunbar, Michelle Makori, Merri Sanchez and William Shaver. In addition, the company’s 2024 Equity…

WednesdayJul 03, 2024 9:58 am

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Receives Exploration Permit to Drill on Filion Gold Project

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, has received a three-year exploration permit from the Ontario government. According to the announcement, the permit allows the company to drill on its 100% owned 261-kilometer Filion Gold Project. The project was acquired through staking on Oct. 26, 2023, and has undergone testing that showed historical results, including rock grab samples that assayed 9.1 g/t gold and channel sampling that reportedly yielded 91.4 g/t gold over 0.3 meters. The property, which is located about 30 kilometers from Kapuskasing, has direct road access…

ThursdayJun 27, 2024 2:30 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Aims to Capitalize on Rising Demand for Copper

Torr Metals Inc. (TSX.V: TMET), a Canada-based mineral exploration company advancing mineral properties in Ontario and British Columbia, aims to unlock the potential of its 100%-owned gold and copper projects with a focus on cost-effective exploration and development aided by proximity to existing major infrastructure. “TMET’s exploratory activities sync with favorable market conditions driven by the burgeoning renewable energy and electric vehicle industries. Limited copper supply is leading to increased demand by these sectors with a corresponding price increase to nearly $10,000 per ton. As a result, investors anticipate a bullish outlook for copper over the next few months driven…

ThursdayJun 27, 2024 1:11 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Provides Proposed Summer 2024 Exploration Program at Epworth Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and Virginia, USA, today announced the proposed summer 2024 exploration program at its Epworth sediment hosted copper-silver-zinc-cobalt project located 80 km southeast of Kugluktuk in Nunavut, Canada. Key highlights included >2 million in flow-through funds to be used this season, with additional funding also in place; 5000 line-km airborne electromagnetic and magnetic survey planned to identify copper exploration targets and delineate regional and property-scale structures; and geological and structural mapping, prospecting, rock and lake sediment sampling directed by…

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