Commodity 2
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July 26, 2024
Commodity
July 26, 2024 (Australian Mining) - Mineral Resources (MinRes) has released its quarterly activity report which has shown to be a winner on two fronts, with higher-than-expected shipments of lithium and a steep increase in prices for the key battery
July 25, 2024
Caufield, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” and the “Company”) (Nasdaq NVA, NVAWW) (ASX: NVA), (OTC: NVAAF)(FSE: QM3)), a gold and critical minerals exploration stage company focused on advancing the Estelle G
VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. ( TSX:OSI.V ) ( NSX:OSN ) ( FSE:RSR1 ) ( OTCQX:OSIIF ) (" Osino " or the " Company ") is pleased to provide an update on the expected conclusion of the regulatory pr
July 25, 2024 (Eramet Group:) • Good operational performance of the Group’s main mining activities in H1 2024 (vs. H1 2023): o +33% in manganese ore volumes produced (vs. H1 2023), with a return to normal operating conditions o +40% in nicke
Caufield, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” and the “Company”) (Nasdaq NVA, NVAWW) (ASX: NVA), (OTC: NVAAF)(FSE: QM3)), a gold and critical minerals exploration stage company focused on advancing the Estelle Gold Project in Alaska, U.S.A., today announced the closing of its underwritten public offering of 475,000 units, with each unit consisting of one American Depositary Share representing ordinary shares (“ADS”) and one warrant, with an ADS-to-ordinary-share ratio of 1 to 60, at a price to the public of $6.92 per unit, for gross proceeds of approximately $3,287,000, before deducting underwriting discounts and offering expenses. Each whole warrant is exercisable for one ADS at an exercise price of $7.266 per ADS, and will be immediately exercisable
VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. ( TSX:OSI.V ) ( NSX:OSN ) ( FSE:RSR1 ) ( OTCQX:OSIIF ) (" Osino " or the " Company ") is pleased to provide an update on the expected conclusion of the regulatory process for the previously announced plan of arrangement. Communications between Osino and the Namibian Competition Commission (" NCC ") continue to progress positively as the NCC considers the application of the previously announced statutory plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Shanjin International Gold Co., Ltd. (formerly known as Yintai Gold Co., Ltd.) (" Shanjin ") will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the
July 25, 2024 (Eramet Group:) • Good operational performance of the Group’s main mining activities in H1 2024 (vs. H1 2023): o +33% in manganese ore volumes produced (vs. H1 2023), with a return to normal operating conditions o +40% in nickel ore volumes produced in Indonesia; albeit with -20% in volumes sold, reflecting the absence of low-grade saprolite sales’ permit o +33% in volumes of mineral sands produced • Strong decline in nickel selling prices and lower manganese ore selling prices (index rebound not yet fully materialised in Q2) • Negative contribution from SLN, with no impact on Eramet’s balance sheet thanks to new financing from the French State ... The societal situation and particularly the civil disturbance in May 2024, activity in most of t
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Nevada Vanadium Mining Corp. ("Nevada Vanadium" or the "Company") is pleased to announce that shareholders of the Company (the " Shareholders ") have overwhelmingly approved the previously announced arrangement (the " Arrangement ") involving the Company and Flying Nickel Mining Corp. (" Flying Nickel ") at the Company's annual general and special meeting (the " Meeting ") held on July 23, 2024. The special resolution approving the Arrangement (the " Arrangement Resolution ") was required to be approved by (i) at least two-thirds (66 2/3%) of the votes cast by Shareholders present or represented by proxy at the Meeting, and (ii) a majority of votes cast by Shareholders present virtually or represented by proxy at the Meet
July 25, 2024 (The Assay) - Peak Rare Earths Limited (ASX: PEK) has announced it has signed a non-binding term sheet with Shenghe Resources Holding Co., Ltd. covering an investment, funding, and development solution for the Ngualla Rare Earth Project. Shenghe is to provide a fully funded solution with no requirement for Peak to contribute further equity funding towards the development of the Ngualla Project. Dr. Russell Scrimshaw, executive chairman of Peak, commented, “This marks another major milestone for Peak, Mamba Minerals, and the Ngualla Project. With the benefit of strong support from our partners, Shenghe, and the Government of Tanzania, the Ngualla Project is positioned to become the world’s next rare earth operation. Importantly, the Ngualla Project will benefit from a fully
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company"), is pleased to announce the awards of the detailed design engineering contracts for the Alacran Project in Colombia. Cordoba has awarded JCHX Mining Management Co., Ltd. ("JCHX") a US$15.8 million contract for the detailed engineering design and procurement of the processing and on-site facilities at the Alacran Project. In addition, detailed engineering design for the open-pit mine has awarded to consulting engineering firm, BBA, for US$1.3 million, and detailed engineering design for the waste and water management facility has awarded to Knight Piésold Consulting for US$1
Adventus Provides Update on Arrangement with Silvercorp TORONTO , July 25, 2024 /CNW/ - Adventus Mining Corporation (" Adventus " or the " Company ") (TSXV: ADZN ) (OTCQX: ADVZF) provides the following update on the constitutional protective action filed against Ministry of Environment, Water, and Ecological Transition of Ecuador (" MAATE "), and the office of the Attorney General of Ecuador , on June 5, 2024 , and accepted by the Court on June 12, 2024 (the " Protective Action "). The Company also provides an update on the status of plan of arrangement (the " Arrangement ") under the Canada Business Corporations Act pursuant to the arrangement agreement dated April 26, 2024 (the "Arrangement Agreement") between Adventus and Silvercorp Metals Inc. (" Silvercorp "). The Prot
July 25, 2024 (Mining Review Africa) - Tharisa has entered a long-term PPA for the procurement of wheeled renewable energy for the Tharisa Mine , situated on South Africa’s western limb of the Bushveld Complex. The 15-year agreement with Etana Energy will see Etana provide up to 44% of the Tharisa Mine’s electricity energy demand via wheeled energy from wind and solar farms in the Western Cape and Northern Cape using the existing electricity transmission grid. The wheeled energy is planned to come on stream in 2026. This transaction will enable the Tharisa Mine to better manage its power costs and benefit from the renewable energy certificates arising from the transaction. This wheeled energy will complement the Tharisa Mine’s 40 MW solar power plant be
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. ( TSX: AOT; OTCQX: AOTVF ) (“ Ascot ” or the “ Company ”) is pleased to announce that it has closed the previously announced bought deal financing, including the full exercise of the over-allotment option, for gross proceeds of approximately C$34 million (the “ Offering ”). The Offering consisted of 30,242,000 flow-through units (the “ Flow-Through Units ”) at a price of C$0.496 per Flow-Through Unit and 44,188,000 hard dollar units (the “ HD Units ”) at a price of C$0.43 per HD Unit (together, the “ Offered Securities ”) for gross proceeds of approximately C$34 million. The Offering was conducted by a syndicate of u
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ROUYN-NORANDA, Quebec, July 25, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) announces that it has completed the closing of its previously announced non-brokered private placement of 112,500,000 units of the Corporation (the “Units”) at a price of $0.04 per Unit, for gross proceeds of $4,500,000 (the “Private Placement”). Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles its holder to subscribe one Common Share at a price of $0.06, for a period of 36 months. It is expected that the net proceeds from the Private Placement will be
VANCOUVER, BC / ACCESSWIRE / July 25, 2024 / Golden Shield Resources Executive Chairman Leo Hathaway joined Steve Darling from Proactive to announce a strategic move for the company. Golden Shield Resources has entered into a non-binding letter of intent with Tucano Gold to acquire all issued and outstanding securities of Tucano Gold in exchange for securities in Golden Shield Resources. his acquisition positions Golden Shield Resources to benefit from continued exposure to exploration opportunities at Marudi and the potential of Tucano Gold to unlock the value of a near-producing, high-grade gold asset in Brazil. Both Marudi and Tucano Gold are situated in the same geologically rich but poorly understood gold belt, providing the resultant company with significant geological knowledge,
MONTRÉAL, July 25, 2024 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX-V: FPC) ( “Falco” or the “ Corporation” ) is pleased to announce that the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, Benoit Charette, has given the mandate to the Office of Public Hearings on the Environment ( “BAPE” ) to hold an inquiry and a public hearing concerning Falco’s Horne 5 project (the “Falco Horne 5 Project” or the “ Project ”). This mandate will begin on August 26 and will have a maximum duration of four months. Falco is pleased with this decision which marks an important milestone for the Falco Horne 5 Project. Falco’s team will be supported by expert resources, including the firms A2GC, Sanexen, SoftdB, BGC and WSP in order to respond to questions and request
VANCOUVER, BC , July 25, 2024 /CNW/ - Luca Mining Corp. (" Luca " or the " Company ") (TSXV: LUCA ) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that it has completed construction of its new, 100% owned Tahuehueto gold mine located in Durango State, Mexico . Tahuehueto is a fully permitted underground operation with a 1,000 tonne per day (tpd) nameplate processing capacity. The mine was completed within budget and has been successfully producing on a pre-production basis for several months. Processing rates will now start to ramp up to commercial levels and this is expected to be achieved by the end of September. Commercial run-rate levels are considered to be an average of approximately 800 tpd or 25,000 tonnes of ore per month. Tahuehueto is a large property (121 square
VANCOUVER, BC / ACCESSWIRE / July 25, 2024 / As part of its goal in discovering significant Copper-Gold VMS deposits in northern Ethiopia, Sun Peak Metals Corp. (the " Company " or " Sun Peak ") (TSXV:PEAK)(OTCQB:SUNPF) is pleased to report results from the first nine holes of its initial 2024 drill program on Sun Peak's extensive 1,450 sq km Shire Project in Ethiopia. The Company drilled 24 diamond drill holes, totaling 5,236 meters, testing the Terer and Hamlo VMS Targets, which are both located on the Terer Exploration License. The results confirm the effectiveness of Sun Peak's discovery methodology, and the Company is eager to resume drilling after the rainy season concludes in October. Highlights Terer Target: Drill hole TR-002 intersected: 18.46 meters of 1.34% copper-e
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the " Company ") is pleased to announce drill results from six additional follow-up RC holes at the Machichie NE target, Cuiú Cuiú Gold District, Brazil where recent drilling returned 11m @ 33 g/t gold. Highlights RC0449 returned 6m @ 13.3 g/t gold from 79m depth in hard rock including 1m @ 77.5 g/t gold from 79m depth. This hole is a step-out hole from RC421 which was previously reported and intersected 11m @ 33.0 g/t gold from including 4m @ 89.3 g/t gold The high-grade intercept in RC0449 is believed to be the extension of the mineralized zone intersected in RC0421. RC0449 was collared 50m east of RC0421. This mineralized zone remains open in all
July 25, 2024 (Australian Mining) - Fortescue has announced a 10 per cent jump in iron ore shipments in the 2023–24 June quarter (Q4 FY24) on the corresponding 2023 quarter. The increase was a record for the iron ore giant, bringing its total shipments to 53.7 million tonnes (Mt). This contributed to total shipments of 191.6Mt in FY24. Total ore mined across Fortescue’s operations stood at 216.9Mt, while the total processed reached 189.9Mt. Fortescue Metals chief executive officer Dino Otranto said the achievement marked “an outstanding quarter by the team who rallied together”. “Importantly, we achieved this while maintaining our laser focus on safety with our total recordable injury frequency rate improving to 1.3 for the financial year,” Otranto said. “This is an incredible
July 25, 2024 (Australian Mining) - Pantoro and Capricorn Metals both had a productive June 2024 quarter, with Pantoro seeing a substantial gold production increase and Capricorn continuing its exploration efforts at the Karlawinda and Mount Gibson gold projects in WA. Pantoro Pantoro’s Norseman gold project in the eastern Goldfields of WA produced 20,805 ounces (oz) of gold during the quarter, a 1570oz increase quarter-on-quarter . This resulted in Norseman achieving its sixth consecutive quarter of production increases. Pantoro credited the achievement to “a combination of increased ore supply from the high-grade zones in the Scotia open pit, ongoing growth at the OK Underground Mine, and increased processing plant throughput”. “Commencement of development of the Scotia un
July 25, 2024 (Australian Mining) - Cream Mining has commenced underground services at Black Cat Syndicate’s Paulsens gold operation in Nanutarra, Western Australia. Activities undertaken by Cream Mining include the installation of secondary ventilation fans and mine services, ladders and platforms, the rehabilitation of existing escapeway systems and the firing of development headings. Black Cat has also mobilised a fleet of machinery at Paulsens. The fleet includes a fully refurbished Sandvik DD421 twin boom jumbo, which has commenced conduct rehabilitation and development works. “Black Cat is rapidly expanding the operations team and mobile fleet as we ramp up mining activities as part of our high-grade stockpile strategy,” Black Cat managing director Gareth Solly said .
July 25, 2024 (Source: Regis Resources) OPERATIONS • Lost Time Injury Frequency Rate (LTIFR 12MMA) at 0.0 per million worked hours • June quarter gold production of 106.4koz at an All-In Sustaining Cost (AISC) of $2,247/oz o Duketon: 75.6koz of gold produced at an AISC of $2,249/oz o Tropicana: 30.8koz of gold produced at an AISC of $2,145/oz • Within guidance, FY24 Group gold production of 417.7koz at an AISC of $2,286/oz including $91/oz of non-cash stockpile movement costs FINANCIAL AND CORPORATE • Gold sales for the quarter of 114.5koz totalled $404M at an average realised price of $3,528/oz • Record operating cash for the quarter of $166M: Duketon: $106M, Tropicana: $60M • Record cash and bullion position of $295M as at 30 June 2024 after investing $50M in capi
July 25, 2024 (Australian Mining) - Northern Star Resources and Regis Resources delivered record gold sales in the June 2024 quarter, all while producing strong gold production across operations. Northern Star Resources Northern Star achieved its 2023–24 financial year (FY24) guidance through 1.62 million ounces (oz) of gold sold at an all-in sustaining cost (AISC) of $1853/oz. The gold miner sold 438,926oz at an AISC of $1815/oz during the June quarter, with its Pogo operations selling a quarterly record 90,819oz (annualised rate of 363koz) at an AISC of $US1091/oz ($1662/oz). Northern Star’s Thunderbox operations delivered its nameplate mill throughput of six million tonnes per annum during the quarter, alongside achieving record mill throughput of 1.5 million tonnes, a 30 per