MiningNewsBreaks Archive - Page 59 of 116

FridaySep 08, 2023 2:05 pm

MiningNewsBreaks – Riley Exploration Permian Inc. (NASDAQ: REPX) Enters into ATM Agreement

Riley Exploration Permian (NASDAQ: REPX), an independent oil and natural gas company focused on steadily growing its reserves, production and cash flow, announced that it has entered into an Equity Distribution Agreement. According to the announcement, the company has inked agreements with Truist Securities Inc., Janney Montgomery Scott LLC and Roth Capital Partners LLC as sales agents. According to the agreement, the company may offer and sell shares of the company stock from time to time through the agents. The company may offer up to $50 million shares of stock, par value $0.001 per share. The company noted that the…

FridaySep 08, 2023 11:47 am

MiningNewsBreaks – Eloro Resources Ltd.’s (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Recent Models Suggest Potential Access to High-Grade Deposit

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mining company, is now embarked on the process of finalizing the release of its initial mineral resource estimate (“MRE”) report, which will seek to provide the market with further granularity as to the Iska Iska property’s viability as a commercial mining operation going forward. “Previously exploited by artisanal miners in the early 1960s, repeated surveys of Eloro’s Iska Iska and Mina Casiterita properties – the latter situated to Iska Iska’s immediate southwest, have outlined the appearance of an extensive, near surface, magnetic intrusive body spread across the two sites.…

FridaySep 08, 2023 11:26 am

MiningNewsBreaks – GEMXX Corp. (GEMZ) Eyes Promising Start to Expected ‘Highly Lucrative’ First Year of Gold Mining

GEMXX (OTC: GEMZ), a mine-to-market global jewelry producer, is ramping up its capacity for gold ore processing at one of its Canadian assets, enthusiastic over the better-than-expected amount of ore produced from stockpiled surface material. “GEMXX’s Snow Creek Mine property in British Columbia completed site preparation for gold processing last year and mobilized equipment in May to begin bringing the property into full production. GEMXX reported the first production of gold from the site on Aug. 15 as ore collected from a 4,500-cubic-yard sample during construction of the facility was ‘cleaned out.’ The operation yielded 38.73 ounces of gold, amounting…

ThursdaySep 07, 2023 11:26 am

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Releases First ESG Report

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has published its first-ever environmental, social and governance report. CNIKF’s 2022 Environmental, Social and Governance report contains key disclosures that the company is providing in accordance with the Global Reporting Initiative: Core Option. The report also contains an overview of Canada Nickel’s contributions to the United Nations Sustainable Development Goals and the 10 Principles of the United Nations Global Compact. The company noted that topics covered in the report were identified through a materiality assessment. The company invited internal and external sources, including…

WednesdaySep 06, 2023 11:33 am

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Releases Status Update on Company Activities

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has released an update regarding recent activities. The update noted new management announcements as well as a $12 million loan facility. According to the report, Canada Nickel has added three key personnel to its management team. Desmond Tranquilla will serve as vice president of projects, Chris Chang will serve as vice president of corporate development, and Christian Brousseau will serve as vice president of innovation and technical services. In addition, the company noted that it has arranged a $12 million loan facility with Auramet, one of the…

FridaySep 01, 2023 3:45 pm

MiningNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FWB: HF2) Looking to Improve North America’s Graphite Infrastructure Efficiencies to Meet Surging Demand

Reflex (CSE: RFLX) (OTCQB: RFLXF) (FWB: HF2) is advancing its flagship Ruby Graphite Project in Beaverhead County in southwestern Montana. “With its ‘mine-to-market’ strategy, Reflex aims to improve domestic specialty mineral infrastructure efficiencies to meet surging national demand from North American manufacturers, effectively positioning itself as one of the only North American suppliers of high purity natural graphite for hi-tech applications… Preliminary results from the TDEM and magnetic survey have demonstrated promising anomalies, indicating the presence of conductive structures, several new anomalies, and potential graphite mineral deposits within the Ruby Graphite property. The survey data will be integrated with existing…

FridaySep 01, 2023 1:14 pm

MiningNewsBreaks – Why Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Is ‘One to Watch’

Prospera (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, uses its experience to develop, acquire and drill assets with potential for primary and secondary recovery. “Prospera’s core properties include more than 42,000 cumulative acres across Cuthbert, Luseland and Heart Hills in Saskatchewan and Red Earth and Pouce Coupe in Alberta. In total, the company estimates that there are half a billion barrels of oil in place at these sites accounting for 20+ years of forward project lifespan, with as little as 8%…

ThursdayAug 31, 2023 12:52 pm

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Reports on Mapping Program, September Drilling Targets

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) is reporting that its property-wide mapping and sampling program at the Company’s Deer Horn property in west-central British Columbia has reinforced a key porphyry alteration model and provided drill targets for the mid-September drill program. The information was reported by Dr. Lee Groat, consulting geologist and qualified person (“QP”) for First Tellurium. This information follows the company’s report earlier this month that confirmed a crucial structural connection between the property’s Pond copper porphyry and gold-silver-tellurium systems. For the sampling program, a team of graduate students from the University of British Columbia and the University of St.…

ThursdayAug 31, 2023 11:50 am

MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Announces Deployment of Third Drill at PCH Ionic Clay Project

Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0, A0I0.F, A0I.MU, A0I.BE) has deployed a third drill on-site to investigate a significant geophysical anomaly at depth below Target IV at its PCH Ionic Adsorption Clay Project, Goiás, Brazil. According to the update, the initial target will be drilled to 250 metres depth to test both the ionic clay and hardrock mineralization below Appia’s priority ionic clay structures, which reach an average depth from surface of +/- 12 metres. “A study by a Brazilian geographer/geophysicist master’s student from the University of Brasilia was conducted on Target IV of the PCH Project, where an…

ThursdayAug 31, 2023 11:17 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Exec Featured in Recent The Market Herald Release

Eloro Resources (TSX.V: 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 being spotlighted in the most recent The Watchlist segment released by The Market Herald. During the interview, Bill Pearson, Eloro’s executive vice president of exploration, talked with host Coreena Robertson about the company’s latest announcement of the inaugural mineral resource estimate for its Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. According to the interview, Eloro is reporting an initial inferred mineral resource estimate of 670 million tons containing…

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