Latest Mining News | SearchSpace AI

Press Releases | Latest Mining News Across a Range of Minerals Including Gold, Platinum, Diamonds, Copper and Ferrous Metals

85919 News Releases

Desktop Annoucemenet
Mobile Annoucemenet

News Releases

List Map

Date2024-04-26

CompanyToubani Resources Inc.

A$4.0m Placement To Deliver Kobada Definitive Feasibility Study
  • Toubani Resources successfully raised A$3.85 million through the placement of approximately 33.5 million new fully paid shares, contributing to a total of A$4 million to support the completion of the Definitive Feasibility Study (DFS) for the Kobada Gold Project.
  • The funds will also support a Mineral Resource Update, Ore Resource studies, and Kobada resource definition drilling, with the offer price of shares representing a 14.8% discount to the last closing price of Toubani.

Date2024-04-26

CompanyAbraSilver Resource Corp.

AbraSilver Announces Closing of C$20 Million Strategic Investments by Kinross Gold and Central Puerto
  • AbraSilver has successfully closed a non-brokered private placement of 50 million shares, raising C$20 million in gross proceeds with Kinross Gold Corporation and Central Puerto SA each owning around 4% of the outstanding shares.
  • The funds will be used for exploration and development of the Diablillos project in Argentina, and for working capital and general corporate purposes, with a Technical Advisory Committee and a Strategic & Operational Committee formed to guide the process.

Date2024-04-26

CompanyAgnico Eagle Mines Limited

Agnico Eagle Reports First Quarter 2024 Results – Strong Quarterly Gold Production And Cost Performance Drive Record Quarterly Free Cash Flow; 2023 Sustainability Report Released
  • Agnico Eagle Mines reported a successful first quarter in 2024, with record operating margins, free cash flow, and strong gold production of 878,652 ounces. Solid operational and cost performance, advanced value drivers, and project pipeline contributed to this success.
  • Significant exploration results were achieved at Hope Bay, Canadian Malartic and Detour Lake. The company also strengthened its balance sheet, increased cash position, reduced net debt, and reasserted its 2024 production, cost, and capital expenditure guidance. Furthermore, it published its 2023 Sustainability Report, emphasizing ongoing ESG performance.

Date2024-04-26

CompanyAlphamin Resources Corp.

Alphamin Declares Final FY2023 Dividend
  • Alphamin Resources Corp announced its final cash dividend for FY2023 as CAD$0.03 per share (approximately US$27.9 million in total).
  • The dividend will be payable on May 24, 2024, to shareholders on record as of May 17, 2024.

Date2024-04-26

CompanyAmerican Eagle Gold Corp.

American Eagle Announces Private Placement for Up To $5.0 Million
  • American Eagle Gold Corp. announces its intention to carry out a non-brokered private placement of up to 4,807,692 charity flow-through common shares, up to a total of C$5,000,000. The proceeds are planned for exploration work at the NAK project in central British Columbia, with the 2024 drill season starting in May.
  • The charity FT shares will qualify as "flow-through shares" under the Income Tax Act (Canada), with the gross proceeds used for eligible resource exploration expenses, which will need to be incurred by December 31, 2025. The offering is subject to necessary regulatory and other approvals.

Date2024-04-26

CompanyArcher Exploration Corp.

Archer Exploration Announces Non-Brokered Private Placement, Share Consolidation and Name Change
  • Archer Exploration Corp. has announced a non-brokered private placement offering of up to $2,275,000, accompanied by a share consolidation at a ratio of 1:6. These modifications are projected to be effective by May 1, 2024, pending approval by the Canadian Securities Exchange.
  • The company is also changing its name to "NorthX Nickel Corp." and plans to begin trading under the new symbol "NIX." The proceeds from the offering will be used for ongoing reclamation work and general corporate purposes.

Date2024-04-26

CompanyEquinox Gold Corp.

Equinox Gold Completes US$299 Million Bought Deal Financing
  • Equinox Gold Corp. has successfully concluded its bought deal public offering, amounting to $299 million, by selling 56,419,000 common shares. The issuance includes the full exercise of the Underwriters' over-allotment option.
  • The company plans to use the net proceeds from the offering to partially fund the acquisition of the remaining 40% of the Greenstone Mine, and for other corporate purposes such as repayment of certain debts.

Date2024-04-26

CompanyNio Strategic Metals Inc.

NIO Strategic Metals Announces The Extension Of Its $500,000 Loan Agreement
  • Nio Strategic Metals has extended the maturity date of its $500,000 loan agreement with Nio-Metals Holdings to April 30, 2025, following a $50,000 reimbursement that has reduced the loan to $450,000. The terms and conditions have remained the same.
  • The amended loan agreement is a related party transaction as Nio-Metals holds 45.9% of Nio's common shares. The company has complied with the requirements of MI 61-101 by ensuring the loan terms are on par with market conditions, benefiting all shareholders.

Date2024-04-26

CompanySanu Gold Corporation

Sanu Gold Provides Update and Announces Additional Drilling Plan, Bantabaye Project, West Africa
  • Sanu Gold is progressing well with their drilling at the Bantabaye Project in Guinea, having finished drilling 14 holes at Target 2, with a plan to begin testing at Targets 3 and 7 soon, based on their geophysical data analysis and modelling.
  • The company has sent off a first batch of samples for laboratory analysis, has started work on access track and drill pad preparation at the new targets, plans on focusing drilling efforts based on geophysics data, and is finalising an initial test program for the Targets 3 and 7, involving 15 planned holes and approximately 1,500m of drilling.

Date2024-04-26

CompanySouthern Energy Corp.

Southern Energy Corp. Announces Fourth Quarter And Year End 2023 Financial And Operating Results
  • Southern Energy Corp announced a 4% and 5% increase in their quarterly and year-long natural gas production respectively during 2023. They also completed a strategic acquisition in Gwinville, achieved an adjusted funds flow of $0.8 million in Q4 2023, despite a significant drop in natural gas prices, resulting in a net loss of $39.6 million.
  • Their year-end proved developed producing reserves increased by 21% and total proved plus probable reserves increased by 16% from 2022. They also raised $5.0m from an equity financing, amended their Credit Facility, and completed the first of their high-quality uncompleted horizontal wells which was completed under budget.

Date2024-04-26

CompanyUnigold Inc.

Unigold Inc. Provides Update on Exploration Earn-in Agreement with Barrick Gold Corporation on the Neita Norte Concession, Dominican Republic
  • Unigold Inc. and Barrick Gold Corporation have agreed on terms for Barrick to earn a 60% interest in the Neita Norte Exploration Concession in the Dominican Republic, with work beginning immediately. Barrick must meet expenditure requirements over eight years and deliver project assessments, and can potentially increase ownership to 80%.
  • Unigold received the 10,903 Ha Neita Norte Exploration Concession on March 27, 2023, with two optional extension years. The Neita Norte Concession is dominated by the Tireo Formation, known for hosting volcanogenic copper-gold massive sulphide mineralization and epithermal gold-silver mineralization.

Date2024-04-25

CompanyALX Resources Corp.

ALX Resources Corp. Intersects Additional Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan
  • ALX Resources Corp. successfully completes the 2024 winter drilling program at its Gibbons Creek Uranium Project, with four of the five drill holes showing uranium mineralization. The strongest radiometric response was shown by hole GC24-04 with a radioactive peak of 8,662 cps.
  • The drilling results indicate potential for further uranium deposits and recommend continued exploration. Gibbons Creek project is the subject of a five-year transaction with Trinex Lithium Ltd.

Date2024-04-25

CompanyOrogen Royalties Inc.

Altius Minerals Increases Ownership of Orogen Royalties to 18.15% Through Exercise of Warrants
  • Altius Minerals Corporation has increased its stake in Orogen Royalties to 18.15% by acquiring an additional 7,115,545 common shares through the exercise of common share purchase warrants.
  • The exercise of the warrants, which were acquired in a private placement in 2019, amounted to $2,858,314, bringing Altius's total common shares in Orogen to 36,430,561.

Date2024-04-25

CompanyAltius Resources Inc

Altius Resources Inc. Exercises Warrants of Orogen Royalties Inc.
  • Altius Resources Inc., a subsidiary of Altius Minerals Corporation, has acquired an aggregate of 7,115,546 common shares of Orogen Royalties Inc. after purchasing the shares for an aggregate price of $2,857,603.27 on April 25, 2024 using its common share purchase warrants.
  • The acquisition has increased Altius's total ownership of Common Shares in Orogen to roughly 18.15%, from its previous stake of 15.14% immediately before the acquisition.

Date2024-04-25

CompanyBlue Star Gold Corp.

Blue Star Gold Announces 2024 Exploration Program Mobilization
  • Blue Star Gold Corp. has announced the starting date for its 2024 exploration program across its Ulu Gold Project and Roma Project in Nunavut's Kitikmeot region. The program includes discovery drilling, target evaluation and mineralization testing, alongside geophysical and lithogeochemical surveys.
  • After advancing resource growth targets and discovering new prospects in 2023, the 2024 campaign focuses on increasing resources near existing deposits and making new discoveries. A minimum of 4,000 metres will be drilled beginning in July, with the Ulu Gold Project and Roma Project among the primary targets.

Date2024-04-25

CompanyBrunswick Exploration Inc.

Brunswick Exploration Drills 58.1 Meters at 1.59% Li2O Starting From Surface at Mirage
  • Brunswick Exploration reported the first assays from its winter drilling campaign at the Mirage Project, located in the Eeyou Istchee-James Bay region of Quebec. Significant findings include best interval to date at Mirage with 1.59% Li2O over 58.1 meters and evidence of dyke stacking with 1.71% Li2O over 31.6 meters.
  • The company completed 35 drill holes during the winter and planning for summer drilling. The Mirage Project, which comprised 427 claims, further found lithium-bearing pegmatite over a significant area, creating high potential for future drilling campaigns.

Date2024-04-25

CompanyGalantas Gold Corporation

Galantas Report Annual Financial Results for the Year Ended December 31, 2023
  • Galantas Gold Corporation's audited annual financial results for 2023 reveal a net loss of $8,568,140, which is a significant decrease from the previous year's $16,633,939. The cash outflow from operating activities amounted to $981,283.
  • The firm recorded no sales revenue. However their concentrate sales saw an increase to $1,103,532 compared to 2022's $608,000. As of December 31, 2023, the company had a cash balance of $2,593,265 and a working capital deficit of $12,599,514.

Date2024-04-25

CompanyGoldshore Resources Inc.

Goldshore Appoints Michael Henrichsen as Chief Executive Officer
  • Michael Henrichsen has been appointed as the new CEO, President, and Director of Goldshore Resources Inc., effective May 1, 2024. Henrichsen has over 20 years of experience in gold exploration and project development, and has played significant roles in various mining companies.
  • Henrichsen anticipates the Moss Gold Project to be a top tier development project due to its ore body scale and grade, infrastructure, and jurisdiction. He aims to continue building upon the project's growth potential and contributing to the project's long-term economic viability.

Date2024-04-25

CompanyKodiak Copper Corp.

Kodiak Reports New Copper Porphyry Discovery at 1516 Zone and Final 2023 Drill Results
  • Kodiak Copper Corp. has reported a new copper porphyry discovery at the 1516 Zone located in the southern part of the MPD copper-gold porphyry project in British Columbia.
  • The 1516 Zone is part of a larger 4.5 square km porphyry system, demonstrating significant copper, gold, and molybdenum potential. Final results from the 2023 drill at the West, South, and Man Zones show extensive mineralization, marking these areas as priority targets for further drilling.

Date2024-04-25

CompanyLundin Gold Inc.

Lundin Gold To Buy Out 100% Of Stream Facility To Become Debt Free
  • Lundin Gold Inc. has entered into an agreement with Newmont Corporation to purchase the remaining 100% of the Stream Facility and Offtake for its Fruta del Norte gold mine in Ecuador for $330 million, aiming to become completely debt-free.
  • The first payment of $180 million is due at the close of the transaction on June 28, 2024. The final segment of the purchase price, $150 million, is due by the end of the third quarter of 2024.
(1 of 4296)