MiningNewsBreaks Archive - Page 7 of 107

WednesdayMay 14, 2025 9:10 am

MiningNewsBreaks – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) Expands North American REE Refining Plans as RapidSX(TM) Nears Commissioning

Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) is nearing the commissioning of its RapidSX(TM) Commercial Demonstration Plant in Kingston, Ontario, a key milestone in its plan to commercialize its advanced rare earth element (REE) separation technology. The company is also preparing to construct its first Strategic Metals Complex (SMC) in Louisiana, expected to process 2,000 tons of total rare earth oxides by the end of 2024 and scale to 5,000 tons in 2026. Ucore’s long-term roadmap includes additional SMCs in Alaska and Canada, alongside the development of its 100%-owned Bokan-Dotson Ridge HREE resource in Alaska. With strong U.S. and Canadian…

MondayMay 12, 2025 10:56 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Plans $1 Million Private Placement with Major Shareholder HCI

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) announced plans to raise approximately $1.01 million through a private placement of 800,000 common shares at $1.26 per share to major shareholder Hosken Consolidated Investments Limited ("HCI"), pending regulatory approval. The proceeds will support the company's share of pre-construction activities at the Waterberg Project in South Africa and general corporate needs. The placement price reflects a 3.1% premium to the five-day VWAP on NYSE American as of May 9. Upon completion, HCI will return to a 26% ownership stake. The shares will be subject to a four-month-plus-one-day resale restriction and were offered…

FridayMay 09, 2025 3:16 pm

MiningNewsBreaks – Platinum Group Metals Ltd.’s (NYSE American: PLG) (TSX: PTM) Flagship Project Poised to Meet Surging Global PGM Needs

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) is advancing the development of its Waterberg Project in South Africa, a large-scale platinum group metals (“PGM”) mine expected to be among the world’s largest and lowest-cost underground operations. In September 2024, an independent definitive feasibility study (“DFS”) was completed for Waterberg, highlighting its robust economics, including projected steady state annual production of 353,208 ounces of platinum, palladium, rhodium and gold, along with significant copper and nickel by-products, over a 54-year mine life. Located in the Bushveld Complex, the project features thick, shallow ore bodies allowing for safer, more efficient mining. Amid rising…

FridayMay 09, 2025 9:10 am

MiningNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Files C$200 Million Shelf Prospectus for Flexible Future Offerings

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) has filed a final short form base shelf prospectus with Canadian securities regulators, replacing its previous version set to expire in June 2025. The new Shelf Prospectus allows the company to offer up to C$200 million in securities—including common shares, debt instruments, warrants, and units—over the next 25 months. A corresponding Form F-10 registration has been filed with the U.S. SEC but is not yet effective. Proceeds from any future offerings will support business development, working capital, debt repayment, capital programs, and potential To view the full press release,…

FridayMay 09, 2025 9:00 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Targets Gold Growth with Fox Complex Expansion, Reports Q1 Results

McEwen Mining (NYSE: MUX) (TSX: MUX) reported Q1 2025 results and outlined growth plans at its Fox Complex, targeting 60,000 ounces of annual gold production by 2027 and a potential expansion to 150,000 ounces by 2030, pending permits. Total annual output could rise to 225,000–255,000 gold equivalent ounces. Backing this plan, the company completed a $110 million convertible note financing. Q1 consolidated production totaled 24,131 GEOs, with improvements expected throughout the year to meet 2025 guidance of 120,000–140,000 GEOs. Gross profit rose to $10.1 million from $6.0 million in Q1 2024, driven by a 31% increase in average realized gold…

ThursdayMay 08, 2025 1:20 pm

MiningNewsBreaks – Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) Coverage Initiated with Outperform Rating, Target Set at C$0.70 / US$0.50

Nicola Mining (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) a junior exploration company with near-term cash flow and district-scale copper potential, has been initiated with an Outperform rating and a price target of C$0.70 (US$0.50). The coverage highlights Nicola’s diversified asset base, including its flagship New Craigmont Copper Project, the high-grade Treasure Mountain silver-lead-zinc mine, and a 75% economic interest in the Dominion Creek gold project. The company also owns 100% of the only mill in British Columbia permitted to receive and process third-party material, generating revenue through its Merritt Mill, sand/gravel pit, and rock quarry. This infrastructure provides cash flow…

ThursdayMay 08, 2025 11:45 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports High-Grade Drill Results at Grey Fox

McEwen Mining (NYSE: MUX) (TSX: MUX) announced standout drill results from its Fox Complex’s Grey Fox Project, including what the company described as some of the best intercepts yet from the Gibson zone. Highlights include 12.4 g/t gold over 10.7 meters and 4.0 g/t over 30.1 meters, the latter potentially indicating a broad mineralized zone. Drilling at Grey Fox South extended mineralization 250 meters below the existing resource base, while a separate intercept at the 147 Zone returned 48.5 g/t gold over 0.8 meters. A new exploration corridor and promising results near the Whiskey Jack Zone further support resource growth…

ThursdayMay 08, 2025 9:00 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) to Present at Metals Investor Forum in Vancouver on May 9

ESGold (CSE: ESAU) (OTCQB: ESAUF), a pre-production gold and silver company advancing its fully permitted Montauban Project in Quebec, will present at the Metals Investor Forum in Vancouver on May 9, 2025. The company was invited by Silver Stock Investor author Peter Krauth, who recognized ESGold as a high-potential junior nearing production. ESGold’s presentation, scheduled for 2:50 p.m. PST at the Rosewood Hotel Georgia, will include updates on construction progress and upcoming gold-silver production expected by year-end. To view the full press release, visit https://ibn.fm/diHOb About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource…

WednesdayMay 07, 2025 3:37 pm

MiningNewsBreaks – Why Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) Is ‘One to Watch’

Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF), a junior resource company focused on monetizing high-grade mineral assets in British Columbia, is positioned for opportunity with a unique dual-pronged business model to generate revenue and long-term growth. It operates a fully owned, state-of-the-art gold and silver mill while also advancing exploration on 100%-owned copper, silver, and gold projects. This approach allows Nicola to fund ongoing development while minimizing equity dilution. A recent article discussing Nicola reads, “The company’s strategy centers on aligning infrastructure and permitting advantages with mineral-rich geology, positioning it to process its own, as well as third-party high-grade gold and…

WednesdayMay 07, 2025 11:47 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Issues RSUs to New Director, Reports Montauban Construction Progress

ESGold (CSE: ESAU) (OTCQB: ESAUF) a pre-production gold and silver company advancing its Montauban Project in Quebec, has issued 500,000 restricted share units ("RSUs") to new board member Peter Espig as part of its equity incentive plan. Espig brings deep experience in project finance and transitioning juniors to producers. The company also confirmed that construction at its Montauban processing site is progressing on schedule, with the delivery of Humphrey Spirals—key to the gravity recovery circuit—expected next week. ESGold targets production by year-end 2025. To view the full press release, visit https://ibn.fm/7HpGr About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE:…

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