MiningNewsBreaks Archive - Page 92 of 107

MondayFeb 22, 2021 9:35 am

MiningNewsBreaks – Augusta Gold Corp. (CSE: G) (OTCQB: BFGCD) (FSE: 11B) Announces Increase of Private Placement

Augusta Gold (CSE: G) (OTCQB: BFGCD) (FSE: 11B) has increased the size of its previously announced private placement; the placement will now comprise 7.56 million units offered at C$2.25 with anticipated gross proceeds of C$17.0 million. The announcement notes that each unit includes one common share of the company as well as one-half of one common share purchase warrant, with each full warrant giving its holder the right to purchase a common share at the exercise price of C$2.80 anytime over the next three-year period. Augusta Gold intends to use the net proceeds from the private placement to support and continue…

ThursdayFeb 18, 2021 1:13 pm

MiningNewsBreaks – Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Is Rare Find for Potential Investors

Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company offering an advanced-stage copper-gold deposit project located in Argentina, is a rare find in a junior mining company. This positions Josemaria well as junior mining companies may be what investors are looking for in terms of high-growth potential, according to a recent report released by VanEck (https://ibn.fm/lHJp0). The report, titled “The Investment Case for Junior Gold Miners,” notes that “a dynamic and important subset of the global gold-mining industry is a group of companies known as ‘juniors.’ These are small- to medium-size market capitalization companies that are generally actively engaged…

ThursdayFeb 18, 2021 11:46 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Announces Drilling Results at Silver City Project in Germany

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2), a silver and base metals producer with precious metal exploration and development projects in Mexico, Idaho and Germany, has announced diamond drilling results from a new discovery at its Silver City Project 2020 drill program. The Silver City Project is located in Saxony, Germany, and the results are with assays from an additional eight holes still outstanding. Highlights of the new discovery at Grauer Wolf include 1,043 g/t silver equivalent ("AgEq") over 1.3 meters (954 g/t Ag, 0.1 g/t Au, 0.7% Pb and 2.0% Zn), within 194 g/t AgEq over 8.1 meters…

TuesdayFeb 16, 2021 9:56 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Issues Operational Update

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced that the impact of the ongoing polar vortex in the American southwest is likely to increase operational costs during the first quarter of 2021. According to the update, the company's current energy contract is backed by natural gas. Weather conditions in the southwest United States have impacted natural gas production and transport, leading to record high prices since Friday, Feb. 12, with unit costs increasing from US$3.00 to over US$300 per mmBtu. The temporary increase in prices is expected to be short term and impacts energy costs at the…

FridayFeb 12, 2021 9:18 am

MiningNewsBreaks – Augusta Gold Corp. (CSE: G) (OTCQB: BFGCD) (FSE: 11B) Begins Bullfrog Gold Project 2021 Exploration Program

Augusta Gold (OTCQB: BFGCD) (CSE:G) (FSE: 11B) has commenced its 110,000 metre exploration program at its highly prospective wholly owned Bullfrog Gold project. The announcement noted that the number of drill rigs actively drilling at the site is expected to increase from two to five by April. In addition, five key exploration targets will be drilled during the two-phase approach, with advancing development in parallel with the drill program including archaeological studies, geologic mapping, geotechnical drilling and a geophysics survey. The $20 million 2021 exploration program includes 110,000 metres of diamond drilling with reverse circulation planned. The company noted that as drill…

ThursdayFeb 11, 2021 1:57 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Stands Ready to Bring Critical Mineral Production Back to the US

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the country’s largest producer of uranium, which also expects to become a producer of an intermediate rare earth element (“REE”) product in early 2021, is poised as the new Joe Biden White House agenda “rests on a foundation provided by the nation’s nearly 600,000 miners — miners and a mining industry ready to do their parts to help drive America’s post-pandemic recovery.” According to a recent NWITimes article, Biden’s website states: “We’ve seen the importance of bringing home critical supply chains so that we aren’t dependent on other countries in future crises.” A…

ThursdayFeb 11, 2021 1:15 pm

MiningNewsBreaks – Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) (OMX: JOSE) to Present at Upcoming Metals and Mining Virtual lnvestor Conference

Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF) (OMX: JOSE), a Canadian-based natural resources company, will participate in the upcoming Metals and Mining Virtual lnvestor Conference slated to take place Feb. 16 -18, 2021. Event organizers invite individual and institutional investors, advisors and analysts to listen to the executive management of metals and mining companies discuss their property positions, development schedules, market opportunity, and investment highlights. The program opens at 8:45 a.m. ET, with the first webcast at 9:00 a.m. ET on the first day of the conference. Josemaria’s presentation is scheduled to begin at 2:00 p.m. ET on Tuesday, Feb. 16.…

WednesdayFeb 10, 2021 1:16 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) CEO Guest on Latest The Bell2Bell Podcast Episode

Uranium Energy (NYSE American: UEC) president and CEO Amir Adnani is the featured guest on the most recent episode of The Bell2Bell Podcast. Hosted by Stuart Smith, The Bell2Bell Podcast, which is an InvestorBrandNework offering, provides insightful updates and inspiring interviews with executives operating in fast-moving industries. During his segment, Adnani provided an overview of UEC’s business model, noting that the company develops uranium projects using the in-situ recovery method, which is both low cost and environmentally friendly. Adnani talked about a few of the company’s projects and operations, including its fully licensed Hobson Processing Facility, one of only a…

WednesdayFeb 10, 2021 11:52 am

MiningNewsBreaks – Augusta Gold Inc. (CSE: G) (OTCQB: BFGCD) (FSE: 11B) Announces C$15M Fully Subscribed Private Placement

Augusta Gold (CSE: G) (OTCQB: BFGCD) (FSE: 11B) today announced a fully subscribed non-brokered private placement raising approximately C$15 million. Per the private placement, Augusta will offer 6.7 million units at a price of C$2.25 per unit with each unit comprised of one (1) common share of the company (a "common share") and one half (1/2) of one (1) common share purchase warrant (a "warrant"). Each full warrant entitles the holder to acquire one common share for a period of three years at an exercise price of C$2.80. Augusta Gold intends to utilize the proceeds to advance exploration efforts at…

TuesdayFeb 09, 2021 1:06 pm

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Commences Phase I Drill Campaign at Rio Loa

GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, today announced that the drill crew has been mobilized over the weekend and has commenced its 5,000-meter Phase I drill campaign starting at Rio Loa. The Rio Loa Project is located 25 km south of Gold Field's Salares Norte deposit (5.2 million ounces equivalent of Gold scheduled to produce 350,000 oz of Gold per annum) and 6 km south of Gold Field's Horizonte discovery. "This is a major milestone in our development to unlock the potential of our…

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