Commodity 2
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July 2, 2024
Commodity
July 2, 2024 (Source: Triton Minerals Limited ) Triton Minerals Limited (ASX: TON) (“Triton”or “theCompany”) is pleased to announce that it has executed a binding memorandum of understanding to divest 70% of its interests in the entities tha
First ore to Kipushi concentrator achieved on May 31; first concentrate produced on June 14 Kipushi sets 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate Kipushi zinc production capacity to average 278,000 t
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 2, 2024) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (" Steppe Gold " or the " Company ") is pleased to provide an update on the pending transaction to acquire all of the issued and outstan
- Boron One Applies for Exploitation Field Approval - VICTORIA, BC / ACCESSWIRE / July 2, 2024 / Boron One Holdings Inc. ("Boron One", the "Company") (TSXV:BONE), a company committed to the decarbonization of Planet Earth through the responsibl
Grades of more than 7% copper in recent drilling of The Gap; planned 20,000m summer drilling program underway Drill hole SR24-03 at the underexplored Gap prospect has intersected: 20 metres ("m") @ 2.3% copper ("Cu") from 38m downhole, including, 8m @ 5.3% Cu from 39m downhole, including, 3m @ 7% Cu from 41m downhole SR24-03 was drilled to test an electromagnetic (EM) anomaly, once again demonstrating the strong correlation between EM targets and very high-grade copper sulfide mineralization A further 10 EM anomalies have already been identified by the 2024 EM program, with deep penetrating, high-resolution EM surveys planned to recommence this month around the existing Storm deposits as well as the regional Tornado, Blizzard, and Tempest are
Highlights from Mega-Gold Scout Drilling Include: Reporting three holes (1,041 m) from the eastern side of the Mega-Gold target area Widespread alteration identified with quartz-sericite-pyrite overprinting chlorite alteration Up to 15% pyrite encountered with traces of chalcopyrite and molybdenite in each hole Narrow intervals of strong mineralization: 2 m of 1.8 gpt gold and 0.35% copper in MGDH24-002 from 89.0 m, and 1.5 m of 11.05 gpt gold in MGDH24-003 from 127.5 m Persistent anomalous levels of gold noted in geochemical results Abundant hydrothermal breccia encountered, cutting pre-mineral granodiorite Late-mineral granodiorite identified with mineralized xenoliths Assays pending for five additional holes completed in central and western parts of Mega-Gold ta
TORONTO, ON / ACCESSWIRE / July 2, 2024 / Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities. Eldur Olafsson, Amaroq CEO, commented: "We are very pleased to have successfully arranged a substantial increase and extension of our currently undrawn debt financing package with Landsbankinn. In addition to simplifying the structure of our debt package under one single agreement at more favo
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT LAFIGUÉ MINE IN CÔTE D’IVOIRE Constructed in only 21 months · Delivered on budget and ahead of schedule · Investment phase completed HIGHLIGHTS: First gold pour at the Lafigu é mine achieved on budget and ahead of schedule, only 21 months after construction launch Commercial production and subsequent ramp-up to nameplate plant capacity of 4.0Mtpa expected to be achieved in Q3-2024 Over 17.8Mt of total material moved since Q4-2023 with over 1.8Mt of ore at 1.37g/t totalling over 80koz mined and stockpiled ahead of the processing plant ramp-up Lafigué is expected to produce between 90-110koz of gold at a sector leading AISC of between $900-975/oz in FY-2024, with production increasing to approximately 200koz in FY-2025
July 2, 2024 (Australian Mining) - Arafura Rare Earths has announced debt financing of up to $US150 million ($224.5 million) has been conditionally approved by the Export-Import Bank of Korea (KEXIM). The funds will go towards Arafura’s flagship Nolans rare earths project in the Northern Territory, which is set to become a major supplier of neodymium and praseodymium (NdPr) to Korea’s automotive manufacturing sector. Arafura has entered into cornerstone binding offtake agreements with Hyundai and Kia for the supply of up to 1500 tonnes per annum of NdPr oxide when the Nolans project achieves nameplate production capacity. The financing from KEXIM comprises a direct loan facility of up to $US75.1 million ($112.3 million) and a loan guarantee up to $US74.9 million ($112 million). Bot
July 2, 2024 (Australian Mining) - True North Copper (TNC) has commenced clearing activities and blast hole drilling at the Wallace North deposit that sits within the Cloncurry copper project (CCP) in north-west Queensland. TNC’s personnel is set operate the dry hire equipment at Wallace North, most of which is already on-site. The company is currently recruiting for the operations team, which is close to finalisation, with a supportive technical team already in place for when mining begins. Dewatering of Wallace North’s pit area is already well advanced, with all blast hole drilling expected to be in dry holes. Leading TNC during this next phase of operations is newly appointed managing director Bevan Jones, who commenced his role on June 10. “We have commenced mining
July 1, 2024
LUXEMBOURG / ACCESSWIRE / July 1, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE Symbol:NEXA) announces today that it has completed the previously announced sale (the "Transaction") of the Morro Agudo Complex situated in the state of Minas Gerais in Brazil to Casa Verde Holding Ltda ("Casa Verde"). Refer to the news release dated April 5, 2024 for more information on the Transaction. With the completion of the Transaction, and pursuant to the terms of the definitive agreement, Nexa has sold, transferred and assigned all rights, titles, and interests in the Morro Agudo Complex to Casa Verde. The Transaction was completed following the fulfillment of all closing conditions. About Casa Verde Holding Casa Verde is a Brazilian family-owned company that has
July 1, 2024 (Australian Mining) - Mineral Resources (MinRes) subsidiary CSI Mining Services has commenced transporting bauxite ore for Rio Tinto’s Weipa operations in northern Queensland. CSI is a leading provider of innovative pit-to-ship solutions such as crushing, screening and processing operations for MinRes and Tier 1 mining clients. In April, it was announced that CSI had received a contract to deliver haulage services for a Tier 1 mining company. CSI commenced the hauling operations a month later. Now, CSI has started transporting bauxite from Rio’s Weipa operations , which comprises three bauxite mines, processing facilities, shiploaders, an export wharf, two ports, power stations, a rail network and ferry terminals. CSI is carrying out the transportation by using e
July 1, 2024 (Australian Mining) - De Grey Mining has locked in more than $1 billion from commercial banks and government agencies for the development of its Hemi gold project in Western Australia. The Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA) are in the final stages of considering their participation in the lending syndicate for Hemi. If successful, NAIF, EFA and commercial banks and are expected to provide a $1 billion senior debt facility and a $130 million cost overrun facility. The credit approved terms De Grey has received satisfy the targeted debt facilities. Once finalised, when combined with De Grey’s existing cash balance exceeding $850 million, the debt facilities are expected to provide the balance of funding required for Hemi.
July 1, 2024 (Australian Mining) - Macmahon Holdings has been reappointed as the mining contractor of Anglo American’s Dawson South project in the Bowen Basin region of Queensland. The Dawson South project forms part of the Dawson coal mine located 180km west of Gladstone. Macmahon first became Anglo American’s mining contractor at Dawson South in March 2021. This $200 million contract ended June 30. Now, the mining contractor has been awarded a new three-year contract where Macmahon will continue providing open cut mining services to the project by utilising its current load and haul and equipment maintenance workforce. The contract commences on July 1 and is expected to add about $130 million annually to Macmahon’s order book
June 30, 2024
June 30, 2024 (Source: Anglo American) Anglo American has suspended production at its Grosvenor steelmaking coal mine in Queensland, Australia, following an underground coal gas ignition incident on 29 June 2024. All emergency protocols were followed and the workforce was safely evacuated from the mine without injury. The mine team is working with specialist teams from the Queensland Mines Rescue Service and the regulatory authorities to extinguish the underground fire, prior to being able to assess the steps towards a safe re-entry into the mine. These procedures are expected to take several months as a result of the likely damage underground. Anglo American’s steelmaking coal business expects to produce c.8 million tonnes of product in
June 28, 2024
June 28, 2024 (Source: Bannerman Energy Ltd) Bannerman Energy Ltd (ASX:BMN; OTCQX:BNNLF, NSX:BMN) (Bannerman or the Company) is pleased to announce that it has received firm commitments for a two-tranche placement of approximately 25.8 million new fully paid ordinary shares (New Shares) to new and existing institutional and sophisticated investors at an issue price of A$3.30 per New Share to raise gross proceeds of approximately A$85.0 million (Placement or Offer). HIGHLIGHTS • Firm commitments received for A$85.0 million two-tranche Placement at A$3.30 per share. • The Placement was supported by both new and existing domestic and international institutional and sophisticated investors. • Funds raised from the Offer to be applied towards development of the Etango-8 Project,
TORONTO , June 28, 2024 /CNW/ - Argonaut Gold Inc. (" Argonaut ", " Argonaut Gold " or the " Company ") is pleased to announce that the shareholders of the Company (the " Shareholders ") have approved a special resolution (the " Arrangement Resolution ") authorizing a plan of arrangement under section 182 of the Business Corporations Act ( Ontario ) (the " Arrangement "), previously announced on March 27, 2024 , pursuant to which Alamos Gold Inc. (" Alamos ") will acquire all of the issued and outstanding common shares of Argonaut (each, a " Share ") at the annual general and special meeting of Shareholders held earlier today (the " Meeting "). The purpose of the Meeting was to consider and vote upon, among other things, the Arrangement Resolution authorizing the Arrangement and
VANCOUVER, BC , June 28, 2024 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS ) (NYSE-A: ARMN) announces that, further to the Company's news release of May 23, 2024 , it has closed the acquisition of an additional 31% interest in the Soto Norte gold-copper project in Colombia (Soto Norte or PSN), increasing its total ownership in the joint venture to 51%. Soto Norte is one of the largest undeveloped underground gold projects in South America . As consideration for the additional 31% interest of PSN: Aris Mining has issued 15,750,000 shares to a wholly-owned subsidiary of the Abu Dhabi based investment company Mubadala Investment Company PJSC (Mubadala), which shares will be subject to a 12-month hold period. An additional 6,000,000 shares will be issued
VANCOUVER, BC , June 28, 2024 /CNW/ - GR Silver Mining Ltd. (" GR Silver Mining " or the " Company ") (TSXV: GRSL ) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that the Company and a private, arm's-length Canadian company active in Mexico (" PrivateCo ") have signed on June 27, 2024 , a definitive and binding Share Purchase Agreement (the " Agreement ") pursuant to which PrivateCo will acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd. (" Marlin ") from GR Silver Mining. Marlin is a private British Columbia company, 100% owned by GR Silver Mining. Marlin owns, amongst other assets, Oro Gold de Mexico , S.A. de C.V. (" Oro Gold "), a private Mexican company that owns 100% of nine non-core concessions (" Other Concessions "), including the pa
TORONTO, June 28, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Lithium Ionic Bandeira Corp. (the “Grantor”), has executed a definitive royalty agreement (the “Royalty Agreement”) with ANRF LI (JSY) Ltd., an affiliate of Appian Capital Advisory LLP (“Appian”), granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of US$20,000,000 (the “Royalty”). This agreement is substantially in line with the terms previously disclosed in the Company’s May 30, 2024, news release. Appian is an investment advisor to long-term, value-focused private capital funds that invest solely in mining and mining-related companies. Lithium Ionic intends to use the
Toronto, Ontario, June 28, 2024 (GLOBE NEWSWIRE) -- (“ Amaroq Minerals ” or the “ Company ”) Nalunaq Mine Granted Approval of Environmental and Social Impact Assessments Key Government approvals provide major milestone towards the development Amaroq’s cornerstone gold project TORONTO, ONTARIO – 28 June 2024 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is delighted to announce the Government of Greenland has approved the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) for its cornerstone Nalunaq project. Eldur Olafsson, Amaroq CEO, commented: “I cannot emphasis enough the importance of achieving this mileston
VANCOUVER, BC / ACCESSWIRE / June 28, 2024 / Fury Gold Mines Limited (TSX:FURY) and (NYSE American:FURY) ("Fury" or the "Company") is pleased to announce that, further to the Company's news release dated May 14, 2024 , it has filed on SEDAR+ an independently prepared National Instrument 43-101 - Standards of Disclosure for Mineral Projects ( "NI 43-101" ) resource update technical report (the "Report" ) on its 100% owned Eau Claire project located in the Eeyou Istchee Territory of the James Bay region of Quebec. Highlights of the Report include: Addition of 307koz Au in the Measured and Indicated category (a 36.0% increase) and 223koz Au in the Inferred category (a 44.6% increase). Eau Claire Resource remains open for further expansion through additional drilling. Eau Claire vein
June 28, 2024 (Australian Mining) - Tivan is prioritising its critical minerals projects by reducing costs related to its Mount Peake vanadium-iron-titanium project in the Northern Territory. Over the last 18 months, Tivan has focused heavily on developing the Speewah fluorite project in Western Australia, the Sandover project in the NT and the Speewah vanadium-titanomagnetite project in WA. To further prioritise these critical mineral projects, Tivan has surrendered its remaining Mount Peake mineral lease and ancillary exploration licences at the Mount Peake project in order to reduce ongoing holding, access and administration costs. The company, however, has retained the EL31850 exploration licence that covers the Mount Peake deposit as part of a strategy to provide
June 28, 2024 (Source: Stanmore Resources Ltd.) A decision has been taken to start the necessary steps to cease operations at the Mavis Underground from the end of June and complete the transition by the end of 3Q 2024. The Company has decided to start the steps to cease operations at the Mavis Underground project following a comprehensive strategic review. This review determined that, given its relatively short mine life, the Mavis Underground project has proven to be uneconomic under current market conditions and coal prices, with comparatively higher costs driven among other reasons by the challenging ramp up and lower production volumes achi
June 27, 2024
TORONTO, ON / ACCESSWIRE / June 27, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) (" Cerrado " or the " Company ") is pleased to announce that at its Annual and Special Meeting (the " Meeting ") of shareholders (" Shareholders ") of the Company held earlier today, all resolutions presented to Shareholders were approved overwhelmingly. Details of the voting results are set out below. Meeting Voting Results A total of 40,637,097 common shares were voted at the Meeting, representing 39.490% of the votes attached to all outstanding common shares of the Company. All resolutions presented for Shareholder approval at the Meeting were duly authorized and approved as follows: Election of Directors The Shareholders elected each of the eight nominees listed in the Company's Managemen
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - East Africa Metals Inc. (TSXV: EAM) ("East Africa" or the "Company") has completed the negotiations of the Relocation Action Plan ("RAP") to allow the mine development activities to begin at the Mato Bula and Da Tambuk projects in the Tigray Regional State, Ethiopia. The completion of the RAP is a crucial step for mining projects in Ethiopia, a critical process to ensure that any displacement of communities and disruption of agricultural land is managed effectively and ethically. The purpose of a RAP is to minimize any negative impact of displacement and ensure fair compensation for disruption to agricultural lands. Due to the projects' remote location and the low value agricultural value of the area of the proposed mine dev
VANCOUVER, BC , June 27, 2024 /CNW/ - Blackstone Minerals Limited (" Blackstone "), Sparta AG (" Sparta ") and Norway House Cree Nation (" NHCN ", and together with Jim Rondeau 1 , Blackstone and Sparta the " Concerned Shareholders "), collectively own 35.5% of the common shares (" FN Shares ") of Flying Nickel Mining Corp. (" Flying Nickel ") (TSXV: FLYN ) (OTCQB: FLYNF). The Concerned Shareholders DO NOT SUPPORT either the proposed plan of arrangement pursuant to which Flying Nickel would acquire all of the issued and outstanding common shares of Nevada Vanadium Mining Corp. (the " NV Merger ") or three of the four board nominees proposed by Flying Nickel (the " Flying Nickel Slate "). The NV Merger and Flying Nickel Slate will be considered at the annual general and special m
TORONTO , June 27, 2024 /CNW/ - Minsud Resources Corp. (TSXV: MSR ) ("Minsud" or the "Company"), is pleased to announce the receipt of assay results from five (5) additional drillholes, which were completed as part of the ongoing Phase IV infill and scout drilling program at the Chita Valley Project, San Juan Province, Argentina. Map 1: Phase IV Drillhole Locations (CNW Group/Minsud Resources Corp.) Drilling has resumed on the infill drilling program covering an area of approximately 2.5 square kilometres, for the purpose of generating a Mineral Resource Estimate on the Property. This area represents the primary mineralized zone within the Chinchillones target, as delineated through drilling. From February 2024 , continued drilling in Phase IV focused alo
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / MONTREAL , June 27, 2024 /CNW/ - Falco Resources Ltd. (TSXV: FPC ) (" Falco " or the " Corporation ") is pleased to announce the closing of the first tranche (the " First Tranche ") of its previously announced "best efforts" brokered private placement (the " Offering ") with Red Cloud Securities Inc. (" Red Cloud "), acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Canaccord Genuity Corp. and Paradigm Capital Inc. (collectively, the " Agents "). Under the First Tranche of the Offering, Falco has issued an aggregate of 4,058,269 units of the Corporation (the " Units ") at a price of C$0.23 per Unit and 4,464,286 flow-through shares of the Corpo
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (the " Company " or " Spanish Mountain Gold ") is pleased to announce that, further to its news releases dated May 27, 2024 and May 31, 2024, it has closed the second and final tranche of the previously announced private placement (the " Private Placement ") of flow-through units of the Company (the " FT Units ") at a price of $0.24 per FT Unit and non flow-through units (the " NFT Units ") at a price of $0.21 per NFT Unit. The second tranche of the Private Placement consisted of 50,000 FT Units and 819,237 NFT Units for total aggregate gross proceeds of $184,040. The total Private Placement consisted of 7,858,333 FT Units and 7,733,522 NFT Units for total aggregate gross pro