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May 16, 2025
Commodity
May 16, 2025 ( ACCESS Newswire) - N ioCorp Developments Ltd . (" NioCorp " or the " Company ") ( NASDAQ:NB ) is pleased to announce that it has received a preliminary, non-binding Expression of Interest (the " EOI ") from UKE
May 16, 2025 ( ACCESS Newswire) - Aclara Resources Inc . ("Aclara" or "Company") (TSX:ARA) is pleased to announce that, as part of the environmental licensing evaluation process, it has received the second round of technical observations, kno
May 15, 2025
May 15, 2025 (Source: Listcorp) Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) advises it has remobilised maintenance and inspection teams to its Balama Graphite Operation in Mozambique (“Balama”) following site access being restored in
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) (“Troilus” or the “Company”) announces that it has secured a loan agreement (the “ Loan Agreement ”) with Auramet International, Inc. (the “ Lender ”)
May 16, 2025 (Source: Medallion Metals Limited) Highlights • Medallion has received firm commitments to raise $27.5 million through a targeted Institutional Placement with a select group of high quality, long only resources investors • The strongly supported Placement is a significant endorsement of the Company’s team, assets and strategy • Post completion of the Placement, Medallion will be well funded with circa $31 million in cash (net of capital raising costs) to progress the near-term gold and copper production opportunity for the Ravensthorpe Gold Project (RGP) with processing at Forrestania • Scoping Study announced in December 2024 confirms the technical and commercial merits of the unique low capex, rapid pathway to gold and copper production through the FNO infra
May 16, 2025 ( ACCESS Newswire) - N ioCorp Developments Ltd . (" NioCorp " or the " Company ") ( NASDAQ:NB ) is pleased to announce that it has received a preliminary, non-binding Expression of Interest (the " EOI ") from UKEF, for a potential debt guarantee of up to $200 million to help finance construction of NioCorp's proposed Elk Creek Critical Minerals Project (the " Elk CreekProject "). While only an EOI, any eventual loan guarantee from UKEF to NioCorp would be contingent upon NioCorp meeting certain conditions, including among other matters execution of an offtake agreement for one or more of NioCorp's planned products to UK-based companies that in turn can be shown to support UK exports. NioCorp is engaged in discussions with UK-based exporters on the
May 16, 2025 ( ACCESS Newswire) - Aclara Resources Inc . ("Aclara" or "Company") (TSX:ARA) is pleased to announce that, as part of the environmental licensing evaluation process, it has received the second round of technical observations, known in Chile as the "Second ICSARA", from the Environmental Service Assessment Authority (the "SEA") and various other government agencies that reviewed the Penco Module Environmental Impact Assessment (the "EIA"). Of the twenty reviewing agencies, 16 agencies formulated and submitted additional questions, while the other four expressed their acceptance of the EIA with no additional comments. The Second ICSARA is comprised of 205 questions regarding technical aspects of the EIA. The Company plans to file its response to the Second ICSARA durin
May 15, 2025 (Source: Listcorp) Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) advises it has remobilised maintenance and inspection teams to its Balama Graphite Operation in Mozambique (“Balama”) following site access being restored in early May 2025. Syrah’s camp services, mining services, mobile equipment, and power services contractors have also returned to Balama to complete inspections and prepare for restart of operations. Inspections to date have not identified any significant issues with Balama plant or equipment, Ativa mine pit, tailings storage facility, or associated infrastructure. Minor maintenance is required prior to and throughout the sequential restart of each section of the plant due to the duration of the outage. Syrah is progressing restart planning a
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) (“Troilus” or the “Company”) announces that it has secured a loan agreement (the “ Loan Agreement ”) with Auramet International, Inc. (the “ Lender ”) for a principal amount of up to US$35 million (~CDN$49 million) (the “ Loan ”). This non-dilutive facility will support Troilus’ near-term development activities, including final permitting, early works preparation, and advancement toward full project financing. Justin Reid, CEO of Troilus, commented “ In addition to Troilus’s already strong balance sheet and the anticipated inflow from more than $16 million of in-the-money warrants, this Loan provides Troilus with enhanced financial flexibility at a lower cost of capital than other availabl
Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or "the Company") announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three months ended March 31, 2025. These documents can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca . All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. ... Denarius Metals also announced today that it has received important news in Spain that the application for the Water Concession for the Aguablanca Project has been approved for a 20-year period. With the Water Conces
May 15, 2025 7:30 AM Eastern Daylight Time QUEBEC CITY--( BUSINESS WIRE )-- Kobo Resources Inc. (" Kobo” or the " Company ") ( TSX.V: KRI ) is pleased to announce results from the first four diamond drill holes of the Company’s current exploration program at its 100%-owned Kossou Gold Project (“ Kossou ”) in Côte d'Ivoire, West Africa. The new holes targeted the Jagger Zone and returned multiple high-grade gold intercepts while significantly improving the Company’s understanding of the geology and structural controls that host mineralisation across this priority target. Jagger Zone Diamond Drill Results – Highlights: KDD0076 2.0 metres (“m”) at 4.13 g/t Au from 38.0 m 2.0 m at 2.66 g/t Au from 45.0 m 6.0 m at 1.20 g/t Au from 54.0 m 4.0 m at 0.70
Average annual gold production of 273,000 ounces for 19-years, including peak average annual production of 316,000 ounces over the first five years, and a maximum annual production of 325,000 ounces in Year 15. 5.2 million ounces of gold production over the 19 years of conceptual mine life ("CML"). Base Case After-Tax NPV 5% of C$1.36 billion (US$1.01 billion) and IRR of 13.4% at US$2,500/oz gold. Spot Price After-Tax NPV 5% of C$3.30 billion (US$2.46 billion) and IRR of 24.0% at US$3,200/oz gold. ... Next Steps Deliver PFS in 24 months . STLLR has already commenced PFS study work. Complete environmental baseline work and submit IA in 30 months. The company plans to submit a project notice and project description and commence baseline en
May 15, 2025 (Source: Peak Rare Earths Limited) • Peak and Ganzhou Chenguang Rare Earths New Material Co., Ltd. (Chenguang), a wholly-owned subsidiary of Shenghe, have entered into a binding Scheme Implementation Deed under which Chenguang proposes to acquire 100% of Peak • Shenghe is Peak’s major shareholder and has binding offtake rights to 100% of the rare earths production from the Ngualla Project1 • Under the Scheme, Chenguang has agreed to pay A$150.5 million, plus an amount equal to the funds raised (before costs) under a proposed ~A$7.5 million Entitlement Offer to acquire 100% of Peak • If the full amount of ~A$7.5 million is raised pursuant to the Entitlement Offer and the Scheme is implemented, Peak shareholders will receive ~A$0.359 per Peak share in cash2 , which re
May 15 , 2025 (Source: www.lse.co.uk) SANTIAGO, May 15 (Reuters) - Antofagasta's Zaldivar copper mine in Chile has obtained an environmental approval from local authorities to extend operations through 2028, the London-listed miner said on Thursday. "Thanks to this resolution, Minera Zaldivar will be able to operate with the same water source it uses today until 2028. This allows us to continue advancing in studies that aim to enable Minera Zaldivar's operations until 2051," CEO Ivan Arriagada said in a statement. (Reporting by Daina Beth Solomon; Editing by Kylie Madry
May 14, 2025 ( ACCESS Newswire) - Faraday Copper Corp. (" Faraday " or the " Company ") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of seven drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). These holes targeted near-surface supergene copper mineralization with the goal of better understanding the distribution of oxide mineralization. Five holes were drilled near the Globe breccia and two near the Copper Giant breccia. Highlights Expanded near-surface supergene oxide and secondary copper sulphide mineralization near the Globe and Copper Giant breccias. At the Globe breccia, intersected 10.08 metres ("m") at 3.62% copper from 65.92 m (approximately 30 m below surface) in drill hole FCD-
VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX:MARI, ASX:MC2) is pleased to announce results of further drilling at Pampa Medina Norte, the recently discovered northern extension of the Pampa Medina Deposit. The latest result from hole SMD-01, follows news of the discovery hole - SMR-01 on December 30, 2024, which identified this northern extension of the Pampa Medina deposit, located approximately 26km from the Company’s flagship Marimaca Oxide Deposit (“ MOD ”). Hole SMD-01 is the first diamond drill hole targeting validation and depth-extension of the reverse circulation (“RC”) drilling. SMD-01 was drilled to a final depth of 950m with assays pending from 600m to the bottom of the hole. Highlights
May 15, 2025 (Source: Northern Star Resources Ltd.) Northern Star Resources Ltd (ASX: NST) is pleased to announce the Mineral Resources and Ore Reserves update for the 12 months ended 31 March 2025. Commenting on the annual Resources and Reserves update, Northern Star Managing Director Stuart Tonkin said: “Exploration remains a highly attractive lever for us to create value by adding extra resource ounces at a cost of A$20/oz, to help drive superior shareholder returns. Our Team continues to generate significant increases in Group gold inventory through the drill bit. “Our portfolio of assets across tier-1 locations continues to deliver exploration success with a significant uplift to both Group Mineral Resources and Ore Reserves. At our largest asset KCGM, the Mineral Resources a
May 15, 2025 (IM - International Mining) - Macmahon Holdings Limited says its wholly-owned subsidiary, Decmil, has been awarded two new contracts, adding approximately A$80 million ($51 million) to Macmahon’s secured order book. Included within this is a a contract to deliver Eva Copper Mine Pty Ltd’s new Operations Permanent Village at the Eva copper mine in Queensland, Australia, adding approximately A$70 million to Macmahon’s secured orderbook. The project involves the design and construction of a 454-person accommodation village, including accommodation units, central facilities, water and wastewater treatment plants, internal roads, drainage, bulk earthworks, services installation and associated infrastructure. Works are set to commence in mid-2025, with c
Reykjavík, May 15, 2025 (GLOBE NEWSWIRE) -- (“ Amaroq Minerals ” or the “ Company ”) Annual Report and Notice of Meeting TORONTO, ONTARIO – May 15, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic mineral assets in Southern Greenland, announces that it has posted its Annual Report and Financial Statements for the year ended December 31, 2024 and Notice of Annual and Special General Meeting of Shareholders (“Meeting”) and Management Information Circular to shareholders. Copies of the documents are published on the Company's website at https://www.amaroqminerals.com/investors/annual-general-meeting-2025/ and the documents will also be available on SEDAR+ at www.sedarplus.ca . The Meet
May 14, 2025
May 14, 2025 (Source: Lake Resources) UPDATE HIGHLIGHTS - Measured Resource has grown by more than 1.1 Mt of lithium carbonate equivalent (LCE) to 4.2 Mt LCE (a more than 25% increase), defined to a depth of 600 meters over 83 square kilometres. -The Measured and Indicated Resource has grown by approximately 10% or 0.9 Mt LCE to 8.2 Mt LCE. - The updated total resource is 11.1 Mt of LCE over 275 square kilometres. - This Mineral Resource Estimate (MRE) update incorporates K25D44, which was the second drillhole in the southern sector of the salar to be advanced beyond 600 meters below ground surface (m bgs). - K25D44 sample results from the planned production interval in the 2023 Feasibility Study between 200 m bgs and 400 m bgs averaged 274 mg/L. - The results from K24D41 and
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) announces that it has drawn the remaining US$12.5 million (“ Final Tranche ”) of its previously announced US$35 million credit facility (the “ Credit Facility ”), with Nebari Natural Resources Credit Fund II LP (“ Nebari ”). The Credit Facility was entered into on December 31, 2024 and announced on January 2, 2025 [see https://westredlakegold.com/west-red-lake-gold-closes-us35-million-credit-facility-with-nebari-and-announces-drawdown-of-us15-million/ ], with the first drawdown of US$15 million received on December 31, 2024 (“ Tranche 1 ”) and the second tranche of $7.5 million announced on March 19, 2025 (“ Tranche 2 ”). The p
FireFly's first drilling in new area hits high-grade VMS mineralisation The exceptional results highlight potential for a repeat of the Green Bay Project's high grade large scale flagship Ming Mine KEY POINTS FireFly's maiden drilling program at the historical Rambler Main Mine within Green Bay has returned high-grade gold-copper-zinc intersections Initial drilling targeted down-plunge extensions, with the first two drill holes returning exceptional intersections of: 10.0m @ 6.4% CuEq [1] (5.7g/t Au, 1.3% Cu, 1.7% Zn & 20.9g/t Ag) in hole FFR25-001 ( ~ true thickness) 12.9m @ 4.3% CuEq (4.2g/t Au ,0.5% Cu, 1.5% Zn & 10.9g/t Ag) in hole FFR25-002 ( ~ true thickness ) These step-out holes have extended the known mineralisation more than
Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Excellon Resources Inc. (TSXV: EXN) (FSE: E4X2) (" Excellon " or the " Company ") is pleased to announce that it has closed its previously announced brokered private placement (the " Offering ") for aggregate gross proceeds to the Company of C$8,000,000.09, which includes the full exercise of the agents' option. Pursuant to the Offering, the Company sold an aggregate of 76,190,477 units of the Company (the " Units ") at a price of C$0.105 per Unit. Each Unit consisted of one common share of the Company (each, a " Common Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a " Warrant Share ") at a
May 14, 2025 ( ACCESS Newswire) - Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (" Northern Dynasty " or the " Company ") and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership (" Pebble Partnership " or " PLP ") have informed the Court that they do not object to a motion from the Environmental Protection Agency (" EPA ") and U.S. Army Corps of Engineers (" USACE ") (collectively, the " defendants ") to hold the litigation in abeyance for a further 30 days. This is in addition to the 90-day abeyance that was requested by the defendants on February 14, 2025, to give the the new administration time to familiarize themselves with the issues presented in this case and to decide how they wish to proceed. "We have not objected to the requ