Commodity 2
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December 20, 2024
Commodity
MONTREAL , Dec. 20, 2024 /CNW/ - Torngat Metals Ltd., a rare earth development company based in Quebec , is pleased to announce that Natural Resources Canada (NRCan) through the Critical Minerals Infrastructure Fund (CMIF) has approved a contribut
Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all di
VANCOUVER, BC , Dec. 20, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM ) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada ("NRCan")
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TSXV - FPC MONTRÉAL , Dec. 20, 2024 /CNW/ - Falco Resources Ltd. (TSXV: FPC ) (" Falco " or the " Corporation ") is pleased to announce the
KELLOG, Idaho and VANCOUVER, British Columbia , Dec. 20, 2024 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“ Bunker Hill ” or the “ Company ”) ( TSX-V: BNKR |OTCQB: BHLL ) announces it has been advanced the second tranche, in the amount of US$5 million under the senior secured credit facility (the ” Standby Facility ”) with Sprott Private Resource Streaming and Royalty Corp. (“ Sprott ”), pursuant to which Sprott has agreed to advance up to US$21 million under the Standby Facility, to fund development costs of the Company’s Bunker Hill Mine located in Kellogg, Idaho (the “ Bunker Hill Mine ”), subject to the satisfaction of certain conditions. Sam Ash, President and CEO, stated, "As we enter the end of an extremely productive year at Bunker Hill, we are pleased to report the advance of
MONTREAL , Dec. 20, 2024 /CNW/ - Torngat Metals Ltd., a rare earth development company based in Quebec , is pleased to announce that Natural Resources Canada (NRCan) through the Critical Minerals Infrastructure Fund (CMIF) has approved a contribution of up to CA$10 million for Torngat Metals Strange Lake Project, pending final due diligence. The Strange Lake project, located in Northern Quebec , is recognized for its globally significant quantities of both light and heavy rare earths—especially dysprosium and terbium—used in permanent magnets for electric vehicle motors, wind turbines, robotics, consumer electronic devices, and for multiple defence applications. This support is essential for the rapid development of the Strange Lake Project, which will establish Canada and Quebec
Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth District-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveries Accretive transaction adds to GMIN's project pipeline with no upfront cost Appointment of Vincent Benoit , Managing Partner and Chief Investment Officer of La Mancha, to its Board of Directors BROSSARD, QC , Dec. 20, 2024 /CNW/ - G Mining Ventures Corp. (" GMIN " or the " Corporation ") (TSX: GMIN ) (OTCQX: GMINF) is pleased to announce that the acquisition of tenements in the Gurupi Gold Bel
VANCOUVER, BC , Dec. 20, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM ) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada ("NRCan") through the Critical Minerals Infrastructure Fund ("CMIF"), a key program under the Canadian Critical Minerals Strategy. The funding, pending final due diligence by NRCan and the execution of a definitive contribution agreement, will support eligible expenses related to the construction of the McIlvenna Bay project's hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure at the Company's McIlvenna Bay project. The Canadian Critical Minerals Strategy aims to drive the transition to a low-carbon ec
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TSXV - FPC MONTRÉAL , Dec. 20, 2024 /CNW/ - Falco Resources Ltd. (TSXV: FPC ) (" Falco " or the " Corporation ") is pleased to announce the closing of its previously announced "best efforts" brokered private placement (the " Offering ") with Cantor Fitzgerald Canada Corporation, acting as sole agent and sole bookrunner (the " Agent "). Pursuant to the Offering, Falco has issued an aggregate of 24,000,000 units of the Corporation (the " Units ") at a price of C$0.25 per Unit, for aggregate gross proceeds of C$6,000,000 . Each Unit consists of one common share (each, a " Common Share ") of the Corporation and one common share purchase warrant (each, a " Warrant "). Each Warrant
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (" Maple Gold " or the " Company ") is pleased to announce that, further to its news releases of June 20, 2024 and September 10, 2024, the Company has completed its previously announced joint venture restructuring transaction (the " Restructuring Transaction ") through which it has obtained legal title to, and a 100% ownership interest in, the multi-million-ounce 1 Douay Gold Project (" Douay ") and past-producing, high-grade Joutel Gold Project (" Joutel ") (together, the " Projects ") located along the Casa Berardi-Douay Gold Trend in Québec, Canada. " We are thrilled to have completed this transformative and value-unlocking transaction, which consolidates 1
December 20, 2024 (IM - International Mining) - Metso has received an order for Vertimill ® and HIGmill™ regrind mills for the Reko Diq copper-gold project in Pakistan. The order, which also includes apron feeders and vibrating feeders, is part of the equipment delivery frame agreement announced on August 14, 2024 . The order value of the regrind mills and feeders is approximately €50 million. “Following an innovative and collaborative test work campaign, a two-stage regrind circuit consisting of a Vertimill and HIGmill operating in series was selected to optimise the overall energy-efficiency and operating cost. In this solution, the robust feed particle size capability of the Vertimill is optimally combined with the efficient fine grinding and particle conditioning of
December 19, 2024
December 19, 2024 05:31 PM Eastern Standard Time TORONTO--( BUSINESS WIRE )--Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) is pleased to announce that it has closed the acquisition of the remaining 40% interest in the Galena Complex (“Galena”) in Idaho, USA (the “Transaction”) from an affiliate of Eric Sprott ("Sprott"). “With the proceeds of the private placement and the anticipated restructuring of our existing debt obligations, I am extremely excited for the shareholders of Americas moving forward.” Post this Pursuant to the Transaction, shareholders of Sprott affiliates received an aggregate of 169,999,998 common shares of the Company. In addition, Americas paid US$10 million in cash and will provide monthly silver deliv
VANCOUVER, British Columbia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) announces that its subsidiary Asante Gold Bibiani Ltd. (“Asante Bibiani”), which owns the Bibiani mine, has entered into an agreement with Fujairah Holdings LLC (“Fujairah”) for the forward sale of US$500 million in gold which will provide US$100 million of financing to the Company on a revolving basis over a period of approximately two years (the “Gold Forward Agreement”) on terms described below. Dave Anthony, President and CEO stated, “We are pleased to announce this Gold Forward Agreement with Fujairah, a strategic and foundational partner for Asante. This Agreement will enable us to immediately accelerate the ramp-up of
Phoenix, Arizona--(Newsfile Corp. - December 19, 2024) - Gunnison Copper Corp. (TSX: GCU) (FSE: 3XS) (OTCQB: GCUMF) ("GCC" or the "Company") is pleased to announce that it has filed a National Instrument ("NI") 43-101 Technical Report dated effective November 1, 2024 (the "Report") on SEDAR at www.sedarplus.ca . The Report is with respect to the results of the Preliminary Economic Assessment ("PEA") on its 100%-owned Gunnison Project in the Cochise Mining District, Arizona. The Gunnison Project is presented as a conventional open pit and heap leach operation which will produce finished copper cathode for domestic U.S. consumption. All dollar amounts are in US dollars and "Tons" refer to U.S. short tons (1 short ton equals approximately 0.91 metric tonnes). Highlights of the PEA (Unit
Amended Environmental Assessment Worksheet Submitted, Johnson to Lead External Affairs Team Tamarack, Minnesota--(Newsfile Corp. - December 19, 2024) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) through its subsidiary Talon Nickel (USA) LLC ( "Talon" or the "Company" ), submitted an amended Environmental Assessment Worksheet (" EAW ") to the Minnesota Department of Natural Resources for the State's Environmental Impact Statement scoping process for the Tamarack Nickel-Copper Project, a proposed small-footprint, high-grade underground nickel mine that would be located near the City of Tamarack in Aitkin County, Minnesota (the " Tamarack Mining Project "). Talon first began the review process in June 2023 ( see the Company's press release dated June 21, 2023 ). Since that time, the
VANCOUVER, BC , Dec. 19, 2024 /CNW/ - Elevation Gold Mining Corporation (TSXV: ELVT.H ) (the " Company " or " Elevation Gold ") previously announced in its press release dated December 4, 2024 that it entered into a purchase and sale agreement dated December 2, 2024 (the " APS "), with an arm's length purchaser, EG Acquisition LLC (the " Purchaser "), in respect of the purchase and sale of certain of Elevation's assets (the " Transaction "), including the outstanding common shares of Golden Vertex Corp. (" GVC "), which holds the Moss Mine located in Arizona . The APS and the Transaction are subject to approval of the BC Court and recognition and enforcement by the US Court. The hearing of the Petitioners' application to the BC Court (the " Canadian Approval Hearing ") for an o
VANCOUVER, BC , Dec. 19, 2024 /CNW/ - Bluestone Resources Inc. ("Bluestone" or the "Company") (TSXV: BSR ) (OTCQB: BBSRF) announced today that Bluestone Securityholders (as defined below) approved the previously announced acquisition of Bluestone by Aura Minerals Inc. (" Aura ", TSX: ORA | B3:AURA33 |OTCQX:ORAAF) by way of a plan of arrangement (the " Transaction " or the " Arrangement ") at a special meeting of Bluestone Securityholders held earlier today (the " Meeting "). The special resolution approving the Transaction was approved by (i) 99.48% of the votes cast by Bluestone's shareholders (the " Bluestone Shareholders ") present or represented by proxy at the Meeting; (ii) 99.54% of the votes cast by Bluestone Shareholders and optionholders (collectively, " Bluestone Securit
MONTREAL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. ( “Midland” ) ( TSX-V: MD) , in partnership with Rio Tinto Exploration Canada Inc. (“ RTEC ”), is pleased to announce the reception of the remaining assay results from the first drilling campaign for lithium on the Galinée project. The 2024 drilling campaign’s main objective was to test the Iceberg, White Stripes, Surge, Snow Fox, and White Lightning lithium showings ( see press releases by Midland dated January 16, 2024, and October 24, 2024) . This press release reports results from the last fifteen (15) drill holes of the 2024 campaign out of a total of twenty-eight (28). The Galinée project is located approximately 5 kilometers east of the Adina lithium deposit held by Winsome Resources (“Winsome”), is wholly owned by
December 19, 2024 ( GLOBE NEWSWIRE) Serabi Gold (AIM:SRB, TSX:SBI; OTCQX: SRBIF) the Brazilian focused gold mining and development company, is pleased to announce that based on the operating progress achieved through December, the classification plant for its 100% owned Coringa Gold Operation (the “Coringa”), located in Pará State, Brazil, within the Tapajós region, is now fully commissioned (all financial amounts are expressed in U.S. dollars unless otherwise indicated). Mike Hodgson, CEO of Serabi, commented: “With Coringa continuing to ramp up and generate positive free cash flow, we are pleased to share that our classification plant at Coringa is operational and working as expected. The plant will be instrumental in achieving Phase 1 of our growth strategy, which is t
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce assay results from drill hole JDD002 and JDD002W1 at the Jukes prospect on its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia (Figure 1). Highlights JDD002W1 intersected a broad zone of copper-gold mineralization assaying 50.0m @ 0.66% Cu and 0.27g/t Au from 498.0m, including two zones of higher-grade mineralization, with best intercepts of: 20.0m @ 0.76% Cu and 0.17g/t Au from 498.0m; and 19.0m @ 0.86% Cu and 0.48g/t Au from 529.0m, including 2.05m @ 4.2% Cu and 1.66g/t Au from 545.4m Historical gradient array Induced Polarization ("IP") survey data over J
TORONTO , Dec. 19, 2024 /CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or the "Company") (TSXV: AGMR ) (OTCQB: AGMRF) is pleased to announce that it has received confirmation from Peru's Ministry of Energy and Mines that the Company's Reliquias Mine and Caudalosa Plant have been officially classified as ongoing mining operations. This significant designation represents the final governmental approval required for the Company to restart production and processing operations. CEO Alvaro Espinoza shared, "Our dedicated permitting and legal teams have worked tirelessly to ensure our commitment to revitalizing the Reliquias Mine. This recognition not only marks a pivotal moment for Silver Mountain but also underscores our contribution towards boosting the local economy. With t
TORONTO , Dec. 19, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND ) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden , highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal. New Drilling Highlights: North Zone Below Marble Discovery: Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development. A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025 ), has the potent
All cash offer of $1.67 per share representing a 58% premium to O3 Mining's closing price on December 11, 2024 Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 39% of outstanding shares of O3 Mining Shareholders should tender by 11:59 p.m. (EST) on January 23, 2025 to take advantage of the significant offer (All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Dec. 19, 2024 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM ) (" Agnico Eagle ") and O3 Mining Inc. (TSXV: OIII ) (OTCQX: OIIIF) (" O3 Mining ") are pleased to jointly announce that Agnico Eagle, through a wholly-owned subsidiary, has commenced its offer to acquire all of the issued and outstanding common
Best Intersection: 2.2 m @ 21.7 g/t Au, 418 g/t Ag, 48.12% Zn, 4.59% Pb, and 2.67% Cu, 1,425 g/t Sb Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to report complete results from a backpack drilling program carried out on the Company's Lara Project on Vancouver Island, British Columbia. Six BQ-sized holes totalling 18.11 m were drilled from two closely spaced collars using a Shaw backpack drill in order to confirm historic grades and to collect modern trace geochemistry information for massive sulphide mineralization in the Coronation Zone ( Figure 1 ). A discussion of results from holes 24BP01 and 02 appeared in a November 27, 2024 news releas