Commodity 2
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March 25, 2025
Commodity
March 25, 2025 (Australian Mining) - Fenix Resources has awarded MACA the mining contract for Beebyn-W11, its new iron ore mine in Western Australia’s Mid-West region. Works by MACA, a Thiess subsidiary, will include drill and blast, mining, and
March 25, 2025 (IM - International Mining) - Mastermyne Group Limited says it has executed a contract for contract mining services with GEAR M Illawarra Met Coal Pty Ltd (GM3) at its recently acquired Appin mine in the Illawarra region of New South
March 24, 2025
Mar 24, 2025 9:08 AM Eastern Daylight Time TORONTO--( BUSINESS WIRE )-- Silver Storm Mining Ltd. (“ Silver Storm ” or the " Company ") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce that it has filed an independent National Ins
Processing plant tie-ins and restart complete; commercial production expected in coming weeks (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - Torex Gold Resources Inc. (the "Compa
Mar 24, 2025 9:08 AM Eastern Daylight Time TORONTO--( BUSINESS WIRE )-- Silver Storm Mining Ltd. (“ Silver Storm ” or the " Company ") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce that it has filed an independent National Instrument 43-101 Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) Technical Report titled “Independent Technical Report for the La Parrilla Silver Mine, Durango State, Mexico” with an effective date of December 31, 2024 (the “ Technical Report ”). The Technical Report updates the Mineral Resource estimate at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Silver Storm Files NI 43-101 Technical Report for the La Parrilla Silver Mine Complex, Durango State, Mexico Share The Technical Report
Processing plant tie-ins and restart complete; commercial production expected in coming weeks (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces completion of the four-week tie-in period for the Media Luna Project ("Media Luna") and first production of precious metal-rich copper concentrate. Jody Kuzenko, President and CEO of Torex, stated: "Following almost three years to the day of the release of our feasibility study for the Media Luna Project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate. This milestone represents substantial completion of the project and the beginning of the ne
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. HALIFAX, NS , March 24, 2025 /CNW/ - Silver Tiger Metals Inc. (TSXV: SLVR ) (OTCQX: SLVTF) (the " Company " or " Silver Tiger ") is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters (together, the " Co-Lead Underwriters ") and joint bookrunners (together with a syndicate of underwriters, the " Underwriters ") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company (the " C
VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. ( TSX: AOT; OTCQX: AOTVF ) (“ Ascot ” or the “ Company ”) announces the Company's audited consolidated financial results for the year ended December 31, 2024. For details of the audited consolidated financial statements, Management's Discussion and Analysis, and Annual Information Form for the year ended December 31, 2024, please see the Company's filings on SEDAR+ at www.sedarplus.ca. All amounts herein are reported in $000s of Canadian dollars (“C$”) unless otherwise specified. 2024 AND RECENT HIGHLIGHTS On February 20, 2024, the Company closed a financing package for a total of US$50 million from Sprott Resource Streaming and Royalty Corp. and its affiliates (“SRSR”) and Nebari Credit Fund II, L
HONG KONG, March 24, 2025 (GLOBE NEWSWIRE) -- Mongolian Mining Corporation (“ MMC ” or the “ Company ”, or together with its subsidiaries, the “ Group ”; stock code: 975), the largest producer and exporter of washed hard coking coal (“ HCC ”) in Mongolia, today announced its annual results for the year ended 31 December 2024 (“ FY2024 ” or the “ Year ”). During the Year, the Group’s revenue reached a record high level of USD1,039.9 million (FY2023: USD1,034.8 million). The Group sold a total of 8.6 million tonnes (“ Mt ”) of coal products in FY2024, comprising of 7.8 Mt of primary products (including 4.7 Mt of HCC), and 0.8 Mt of secondary products. The Group’s average selling price for HCC, excluding applicable VAT in PRC, was USD168.4 per tonne, compared to USD160.2 per tonne during
VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“ Rio2 ” or “ the Company ”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces that, further to its news releases dated November 16, 2021, March 29, 2022, and October 21, 2024, it has received a second deposit payment of US$25,000,000 from Wheaton Precious Metals International Ltd. in connection with the previously announced amended and restated precious metals purchase agreement on Rio2’s Fenix Gold Project in Chile (the “ Gold Stream ”). The Gold Stream is a component of the previously announced financing package to fully fund the Fenix Gold Project to production. FENIX GOLD PROJECT The Fenix Gold Project is one of the largest undeveloped gold oxide, heap leach projects in the Americas, hosting a Measured and
ROUYN-NORANDA, Quebec, March 24, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce a non-brokered private placement of a combination of a maximum of 60,000,000 units of the Corporation (each, a “ Unit ”) at a price of $0.05 per Unit and a maximum of 50,000,000 common shares of the Corporation that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (each, a “ FT Share ”) at a price of $0.06 per FT Share, for aggregate gross proceeds of up to $3,000,000 (the “ Private Placement ”). It is expected that the proceeds from the Private Placement will be used to advance activities for development and exploration at the Sleep
VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s consolidated financial results for the year ended December 31, 2024. For details of the audited consolidated financial statements of the Company for the year ended December 31, 2024 (“2024 Financial Statements”) and management’s discussion and analysis for the year ended December 31, 2024 (“2024 MD&A”), please see the Company’s filings on the System for Electronic Document Analysis and Retrieval Plus (“SEDAR+”) at ( www.sedarplus.ca ) or on the Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) at ( www.sec.gov ). All amounts herein are reported in thousands of United States dollars (“US$”) unless otherwise specified
Critical milestone for site preparation at Brazil's largest potash project Environmental compliance maintained through IPAAM-approved processes Strategic advancement toward Brazil's agricultural supply security MANAUS, Brazil, March 24, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE-American: GRO), a developer and builder of Brazil’s largest potash fertilizer project, through its subsidiary Potássio do Brasil Ltda. (“Potássio do Brasil”), today announced the signing of a key vegetation management contract for site preparation at its Autazes Potash Project in Amazonas state. The contract covers critical ground preparation activities, transportation, and materials management required to advance the project toward construction. Work will be ex
ABIDJAN, Côte d’Ivoire, March 24, 2025 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU, OTCQX: MAUTF) is pleased to announce that rapid construction progress is being achieved at its Koné project in Côte d’Ivoire, where process plant concrete works, including the ahead-of-schedule pouring of Carbon-in-Leach tank foundations, have commenced, marking an important milestone. Since the mid-December 2024 groundbreaking ceremony, construction activities at the Koné project have significantly ramped up, with the on-site workforce increasing from approximately 350 to 1,700 employees and contractors. Strong progress has been made to take advantage of the dry season, with process plant earthworks and foundations preparation, water storage facility preparation, camp co
March 24, 2025 (Australian Mining) - Catalyst Metals will sell its Henty gold mine in Tasmania to Kaiser Reef in a bid to focus more on its Plutonic gold mine in Western Australia. Catalyst originally acquired Henty in January 2021. The operation comprises an underground mine and carbon in leach processing plant with a 300,000-tonnes-per-annum (tpa) nameplate capacity. Catalyst will now sell Henty to Kaiser Reef to give the operation the time needed to realise its upside
March 23, 2025
March 23, 2025 (Source: AInvest) In the ever-evolving landscape of global mining, Brazil Iron Ltd.'s recent offer of approximately $1 billion to acquire Eurasian Resources Group's Bahia Mineração (Bamin) project in northeast Brazil marks a significant strategic move. This acquisition, if successful, would not only bolster Brazil Iron's position in the iron ore market but also align with broader economic and environmental goals. The project, which includes an integrated mining and logistics infrastructure, is poised to become a cornerstone of Brazil Iron's long-term strategy in the iron ore industry. In the ever-evolving landscape of global mining, Brazil Iron Ltd.'s recent offer of approximately $1 billion to acquire Eurasian Resources Group's Bahia Mineração (Bamin) project in no
March 21, 2025
Mar 21, 2025 9:49 PM Eastern Daylight Time TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI), a leading global producer of tungsten concentrate, today announced its fiscal year 2024 financial results. Financial Summary: Unless otherwise indicated, all figures are expressed in Canadian dollars. Fiscal Year Ended Jan. 31, CAD$ in millions 2024 2023 % Increase Revenue $28.8 $22.5 28.0% Income from Mining Operations $2.0 $1.1 81.8% Operating Expenses $8.9 $7.0 27.1% Net Loss $(16.3) $(8.8) (85.2%) Adj. EBITDA (non-IFRS) (1) $(3.06) $(4.39) 30.3% Key Fiscal 2024 & Subsequen
March 21, 2025 (IM - International Mining) - Pensana’s plan to become one of the world’s major suppliers of magnet metal rare earths took a major step forward this week with receipt of approvals for funding the $268 million first phase of its flagship Longonjo project, in Angola. Tapping the likes of the Africa Finance Corporation, Absa Bank Limited and the Angolan Sovereign Wealth Fund, the company says it now has the cash in its coffers to get to its phase 1 design capacity of 20,000 t/y of mixed rare earth carbonate (MREC)
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - Edgemont Gold Corp. (CSE: EDGM) (the " Company ") announces that, further to its news release dated February 20, 2025 announcing the proposed acquisition by the Company of all the issued and outstanding common shares of Laiva Gold Inc. (" Laiva ") from the shareholders of Laiva (the " Transaction "), the Company and Laiva have entered into an amending agreement whereby the parties have agreed to extend the deadline for execution of a definitive agreement (a " Definitive Agreement ") in respect of the Transaction to April 15, 2025. The parties continue to diligently work towards finalizing and executing the Definitive Agreement. About Laiva Laiva is a Canadian mining company, incorporated under the Alberta Business Corpor
Phoenix, Arizona--(Newsfile Corp. - March 21, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS) ("Gunnison" or the "Company") is pleased to provide a construction update for the fully permitted Johnson Camp Mine ("JCM"), in southeast Arizona. Further to the last update where it was announced the mining fleet had been mobilized, and mining activities such as pre-stripping had begun ( see Gunnison news release dated December 16 th ), the Company is pleased to report JCM construction activities are progressing well and on track to produce cathode in Q3 2025. ... Gunnison's Johnson Camp Asset, which is under construction with first copper production expected in Q3 2025 , is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million
March 21, 2025 (Australian Mining) - After Gold Valley Iron Ore proposed an on-market takeover of CZR Resources, rivalling the bid Fenix Resources made in late February, Rio Tinto has entered the fray. Gold Valley’s bid involved the company acquiring all CZR shares for $0.31 per CZR share. Rio Tinto and its Robe River Iron Associates joint venture (JV), which also features Mitsui & Co and Nippon Steel, is specifically interested in the M08/519, M08/533, E08/1060, E08/1686 and E08/2137 tenements that make up CZR’s Robe Mesa iron ore project
March 20, 2025
March 20, 2025 (Source: E3 Lithium Ltd.) CALGARY, ALBERTA, March 20, 2025 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce it has executed the Contribution Agreement for $4,397,625 million in non-repayable funding from the Critical Minerals Infrastructure Fund (CMIF). Under the Agreement terms, E3 Lithium will receive reimbursement for 50% of eligible expenditures up to the total $4.4 million allocation. The investment will be used to undertake preconstruction work on the necessary transportation and energy infrastructure to develop the Clearwater Project. This includes facilitating electrical connection and substation power studies, transportation assessments, and the associated engagement i
Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has closed its previously announced non-brokered private placement (the "Offering"), issuing a total of 13,138,000 Units at CA$0.50 per Unit for gross proceeds of CA$6,569,000. Each Unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of CA$0.60 per common share at any time on or before March 20, 2028. This brings the Company's issued and outstanding common shares as of the current date to 106,975,066 common shares. The Company intends to use the net proceeds of the Offering to fund its projects in Spain, including t
Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - Lipari Mining Ltd. (formerly, Golden Share Resources Corporation) (" LML " or, the " Company ") is pleased to announce the successful closing of its previously announced reverse-takeover transaction (the " RTO Transaction ") with Lipari Diamond Mines Ltd. (" LDM "). "This RTO Transaction and financing marks an important step in the development of our Company, as it will launch our new public listing on the Cboe Exchange and will allow us to advance our development plans in Angola and Brazil. ... Diamond production at our Braúna mine in Brazil is ramping back to full capacity with the transition of the mine from an open pit to an underground operation largely completed. Our first sale of diamond production from our underground op