MiningNewsBreaks Archive - Page 68 of 125

TuesdaySep 19, 2023 10:17 am

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Closes on Auramet $12M Loan Facility

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has closed on a secured loan facility with Auramet International, Inc.; the $12 million loan facility was previously announced on Sept. 6, 2023. According to the announcement, the company anticipates using the net proceeds from the transaction for working capital and to advance its permitting and detailed engineering activities. Transaction details include a loan due date of Dec. 18, 2023, with an interest rate of 1% per month; the transaction is subject to a 2.3% arrangement fee. The announcement also noted that Auramet has received…

FridaySep 15, 2023 2:12 pm

MiningNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) on Track to Create Independent CM Supply Chain

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the US, is moving to become a major leader in its sector. “Just recently, the company announced the closing of the first tranche of its previously announced private placement offering of units of the company, for aggregate gross proceeds of $4,409,500, in what is set to be a key catalyst in advancing its RapidSX(TM) REE commercial demonstration plant in Kingston, Ontario,” a recent article reads. “On June 6, Ucore announced that the U.S.…

FridaySep 15, 2023 12:36 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Leveraging Guyana’s Growing Economy, Region’s Geological Prospects to Tap Opportunities

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) is strengthening its position as a leading gold explorer in the Guiana Shield amid continued economic growth and recovery in Guyana. “With that strong economic performance as a backdrop, Reunion Gold is positioning itself to leverage the strength of the economy while also contributing to the country’s growth. The company is a leading gold explorer in the Guiana Shield, which is made up of Guyana, Suriname and French Guiana,” a recent article reads. “‘The Guiana Shield remains one of the most prospective locations globally for the discovery of world-class orogenic gold deposits,’ the company…

ThursdaySep 14, 2023 3:44 pm

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) in Unique ‘Only Ones in Town’ Position

First Tellurium (CSE: FTEL) (OTC: FSTTF) president and CEO Tyron Docherty was recently featured as a guest on the Bell2Bell podcast, where he talked about the company and its key position in the growing tellurium space. “First Tellurium has a wonderful, high-grade gold and silver property in Canada, but it comes with this unique mineral, tellurium, which is listed by both the United States and Canadian governments as critical,” a recent article quotes Docherty as saying. “Tellurium has come into the fore over the last couple of decades because it is used in solar panels by U.S. corporation First Solar,…

TuesdaySep 12, 2023 12:36 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Announces Plans to Expand Ammolite Production, On-Air Presence

GEMXX (OTC: GEMZ), a leader in the ammolite gems mine-to-market segment, today announced that demand for GEMXX Ammolite in jewelry designs by Kenneth Bradley is exponentially growing. According to the update, the presence of GEMXX Ammolite is expanding in the United States and around the world. Live, on-air events showcase uniquely beautiful GEMXX Ammolite gemstones in jewelry by Kenneth Bradley designs. In March of 2023, GEMXX signed an exclusive supply agreement with Canadian Ammolite Gems by Kenneth Bradley. To supply the growing demand, GEMXX plans to expand gemstone and jewelry production by 300% year over year, and its shopping channel…

TuesdaySep 12, 2023 11:21 am

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Reports on Infill Drilling Program Update, Interest Payable Reduction Settlement

Prospera Energy (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, has completed the drilling of four of 10 horizontal wells in its current multipad infill drill program. According to the announcement, the wells “encountered structure and pay as expected with excellent oil show throughout the pay.” The company commended Lasso Drilling Corporation and reported that drilling technique tweaked from the pilot wells was executed efficiently and ahead of schedule. The drilled horizontals will be completed and then tied-in to existing infrastructure. Prospera…

MondaySep 11, 2023 12:20 pm

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) to Begin Deer Horn Drill Program, Announces Private Placement Financing

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) has scheduled its drill program in Deer Horn to begin later this month; the program will focus on the Pond zone copper-gold porphyry target. According to the announcement, the objective of the program will be to intersect disseminated mineralization and help locate the main mineral zone in the subsurface. Information obtained from the program will be combined with results from work conducted over the past two years to inform a larger drill program scheduled for 2024. The company will also be conducting an Induced Polarization (“IP”) geophysical survey this month, which will be following up on…

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…

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