MiningNewsBreaks Archive - Page 61 of 101

WednesdayFeb 15, 2023 12:06 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Completes Strategic Sale of Alta Mesa Project

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced its completion of the sale of three wholly owned subsidiaries that together hold its Alta Mesa ISR Project to enCore Energy Corp. “Energy Fuels’ sale of the Alta Mesa project for $120 million of total consideration is highly strategic for a variety of reasons,” said UUUU CEO and President Mark S. Chalmers. “When combined with our already strong balance sheet, the proceeds from this sale are expected to fully fund our current uranium, vanadium and rare earth business plans through approximately 2024 without the dilution to shareholders one might normally expect,…

WednesdayFeb 15, 2023 11:49 am

MiningNewsBreaks – Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Complete Road Construction, Start Drilling at the Western Target

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF), based in Arizona and focused on copper and gold exploration, announced that it has completed road construction to the first of two drill pads at the Western Target of the company’s Kay Mine Project. According to the announcement, these pads will allow for testing of the Western Target and drilling of anomalies located between the Central and Western Targets. In the announcement, the company also noted that the Central Target is thought to be a structural repetition of the Kay Mine Deposit horizon. As of Sept. 2022, Arizona Metals has $58 million in…

TuesdayFeb 14, 2023 11:14 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Promising Data for Casiterita and Iska Iska Properties

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced results of additional modeling of ground magnetic data and completion of an initial Induced Polarization/Resistivity survey (“IP/Res”) on the Casiterita property adjoining the Iska Iska Silver-Tin Polymetallic property to the southwest. The new data, combined with previous magnetic modeling and borehole IP/Res surveys (“BHIP”) on Iska Iska, have significantly enhanced the understanding of the overall geological environment on both properties and outlined major new targets for exploration on the optioned Casiterita. “Geophysics continues to be a very effective exploration tool at Iska Iska and now at the Casiterita property,” said…

MondayFeb 13, 2023 12:27 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Completes Acquisition of the Bahia Project

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced completion of its acquisition of 17 mineral concessions between the towns of Prado and Caravelas in the state of Bahia, Brazil, totaling 15,089.71 hectares (approximately 37,300 acres or 58.3 square miles). According to the announcement, closing of the “Bahia Project” followed the Brazilian Government’s approval of the transfers to Energy Fuels’ wholly owned Brazilian subsidiary Energy Fuels Brazil, Ltda. At the closing, Energy Fuels paid the mineral owners the remaining $21.9 million cash. “Energy Fuels has achieved yet another important milestone for our expanding rare earth business through our acquisition of…

FridayFeb 10, 2023 2:44 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) CEO Discusses Promising Drill Results in New Interview

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. The company was featured in a new video interview where its CEO Thomas Larsen discussed promising results from its definition drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. “Hole DHK-27 when determining grade times intercept of 65,887 g Ag eq/t-m is the second most valuable drill hole recorded to date and only just behind the 441-meter 66,389 g Ag eq/t-m intersection in hole DSB-30 reported…

ThursdayFeb 09, 2023 3:01 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Well Positioned as Gold and Copper Forecasts Point to Higher Prices

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset-rich diversified gold and silver producer with large exposure to copper through its subsidiary, McEwen Copper. “[MUX] is led by a management team with extensive knowledge and experience in the mining space and owns and operates in some of the most prolific gold-producing regions in the Americas. Many current gold and copper forecasts point to higher prices over the next few years. Should that occur, McEwen Mining’s assets position it well to benefit,” a recent article reads. “A key factor for investors is that McEwen Mining’s management team is uniquely aligned with…

WednesdayFeb 08, 2023 2:43 pm

MiningNewsBreaks – Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Positioned to Tap into Potential of Yavapai County

Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is a mineral exploration company focused on advancing precious and base metal deposits in its 100%-owned Kay Mine volcanogenic massive sulfide (“VMS”) Project and Sugarloaf Peak Gold Project in Arizona. “VMS deposits represent a critical global source of copper, zinc, lead, gold, and silver ores. AZMCF aims to tap into the potential of Arizona’s Yavapai County with its 100%-owned projects surrounded by sixty historic underground VMS copper, gold, zinc, and silver mines… The company’s fully owned flagship Kay Mine property totals 1,300 acres that are not subject to any royalties. A historic 1982 estimate…

WednesdayFeb 08, 2023 2:32 pm

MiningNewsBreaks – Why Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Is ‘One to Watch’

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), headquartered in Halifax, Nova Scotia, is engaged in rare earth element (“REE”) resource development and in commercializing its critical metals separation technology, RapidSX(TM). “The company is guided by principles of environmental, social and corporate governance (‘ESG’) with a focus on disrupting China’s current dominance of the U.S. REE supply chain,” reads a recent article. “Ucore’s vision is to become a leading advanced technology company providing best-in-class metal separation products and services to the mining and mineral extraction industry. It plans to aid in the development, through strategic partnerships, of a North American REE…

WednesdayFeb 08, 2023 11:27 am

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Receives $24M Investment from Leading Global Mining Company

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) has entered into a subscription agreement with Anglo American resulting in an estimated $24 million investment in Canada Nickel; the investment is at a price of $1.95 per common share, representing a 10% premium to the 30-day volume weighted average price ("VWAP") and making Anglo American a 9.9% shareholder when the transaction is completed. According to the announcement, this is a key milestone in the company’s efforts to advance its Crawford Nickel Project toward production. The agreement also calls for Canada Nickel to enter into a binding Offtake Term Sheet with Anglo American at closing, giving Anglo American exclusive…

TuesdayFeb 07, 2023 1:37 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Epitomizing Potential Success with Focus on Less Traditional Mining Jurisdictions

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, boasts one of the most potentially significant silver and tin deposits within the Cerro Rico region and has recently looked to expand its addressable deposit through the acquisition of the adjoining Mina Casiterita and Mina Hoyada properties. “Marc Bristow, the CEO of Barrick Gold Corp, told investors during his keynote speech at the Mines & Money London conference that the future of mining no longer lay in the traditional, over-explored jurisdictions of prior…

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