Commodity 2
Lorem ipsum dolor sit amet consectetur. Iaculis morbi a purus donec faucibus condime...
October 15, 2024
Commodity
M&I conversion drilling within southern end of DPB area expands and confirms high-grade continuity of gold and silver in the shallowest portion of the resource area Highlights TXC24-087 returned 2.59 metres of 3,744 grams per tonne (g/t) silve
October 15, 2024 (The Assay) - African Gold Ltd (ASX: A1G) has announced the results from the recently completed DDD049 diamond drillhole, second out of six drilled on the Blaffo Guetto prospect, on the company’s Didievi Gold Project in Cote d’Ivoir
October 15, 2024 (Australian Mining) - Greatland Gold continues to make strides in acquiring Newmont’s Telfer and Havieron gold-copper mines. The UK miner has been granted approval from Australia’s Foreign Investment Review Board, with Newmon
October 15, 2024 (Australian Mining) - True North Copper (TNC) continues to make notable progress at its Cloncurry copper project in Queensland as it positions itself to become Australia’s next copper producer by the first quarter of 2025 Opera
October 15, 2024 (Australian Mining) - EQ Resources has secured $250,000 through Queensland’s mining equipment, technology and services (METS) collaborative project fund. The funding will support advanced X-ray transmission (XRT) ore sorting trials aimed at assessing the redevelopment potential of the historic Wolfram Camp tungsten mine. The collaborative project involves partnerships with Tomra Sorting and the University of Queensland’s Sustainable Minerals Institute (SMI). Tomra will provide industrial XRT sorters, leveraging its expertise from previous projects at EQR’s Mt Carbine mine in Queensland and Barruecopardo mine in Spain. SMI will provide geometallurgical analysis, focusing on tungsten and molybdenum deposits, to ensure the effectiveness of the sorting t
October 14, 2024
MONTREAL, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (" Osisko Development " or the " Company ") is pleased to announce the successful closing of its previously-announced non-brokered private placement of units of the Company (" Units "), announced on September 4, 2024, pursuant to which the Company issued an aggregate of 19,163,410 Units at a price of US$1.80 per Unit for an overall offering size to approximately US$34.5 million, comprising (i) 13,426,589 Units at a price of US$1.80 per Unit for gross proceeds of approximately US$24.2 million, which closed on October 1, 2024, and (ii) 5,736,821 Units at a price of US$1.80 per Unit for gross proceeds of approximately US$10.3 million, which closed on October 11, 2024 (together, the " Offering "). E
Macmahon Holdings Limited subsidiary, Decmil, has been awarded a A$123 million ($83 million) road upgrade contract by Covalent Lithium Pty Ltd on the Mount Holland lithium project in Western Australia. The scope of works includes upgrading the logistics link between the Great Eastern Highway and Covalent’s Mount Holland site, with approximately 113 km of road upgrades to take place. Decmil commenced work on the project in August 2023 following receipt of a Limited Notice of Award in July 2023 . Approximately A$59 million of works had already been completed during the 2024 financial year. Work under the full contract award is expected to directly create 220 jobs at its peak and be completed by April 2025
October 14, 2024 (Australian Mining) - Tivan is set to commence ground-disturbing works at its Speewah fluorite project in the east Kimberley region of Western Australia. With all relevant regulatory and cultural heritage approval processes achieved by Tivan, the Speewah works will commence on October 16. The milestone follows Tivan signing a heritage protection agreement (HPA) with the Kimberley Land Council (KLC), which outlines how Tivan will engage with Traditional Owners to protect cultural heritage and Native Title rights of the Speewah tenements E80/2863, E80/3657, M80/267, M80/268, M80/269 and L80/43. “The board of Tivan wishes to acknowledge our constructive working relationship with the Traditional Owners of Speewah and the extensive cultural heritage processes that hav
October 14, 2024 (Australian Mining) - Ausgold is one step closer to production at the Katanning gold project in Western Australia with two additional mining leases given the green light. The leases granted by the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) cover proposed mining and mine infrastructure sites, including processing facilities, tailings storage facilities and waste dumps. Including over 649 hectares of land, the new leases are set to double the footprint of the existing 3.04-million-ounce project. “The grant of these mining leases is a significant milestone for the Katanning gold project,” Ausgold executive chair John Dorward said . “Acquisition of the freehold land underlying the mining leases was only settled in June of this year, so
October 11, 2024
October 11, 2024 (Source: Unico Silver Limited) Unico Silver Limited (“USL” or the “Company”) refers to the announcement on 20 August 2024 regarding the proposed acquisition of Minera Joaquin S.R.L, the 100% owner of the mineral claims that make up the Joaquin project, and the 100% acquisition of the mineral titles that make up the Cerro Puntudo project (collectively the “Joaquin Project”). Following the satisfaction of all required approvals and consents, and execution of final definitive legal agreements between Pan American Silver Corp. (“PAAS”) and USL, the Company is pleased to advise that it has completed the acquisition of the Joaquin Project. HIGHLIGHTS • 100% acquisition of two contiguous properties (Joaquin and Cerro Puntudo) totalling 35,946Ha. • Joaquin contains a hi
TORONTO, ON / ACCESSWIRE / October 11, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces it has closed a non-brokered private placement offering of 27,728,100 common shares of the Company ("Shares") at a price of CAD$0.53 per Share for aggregate gross proceeds of CAD$14,695,893 (the "Offering"). Vision Blue Resources Limited. (" Vision Blue ") purchased 15,582,300 Shares under the Offering for a total subscription price of CAD $8,258,619 , with significant new and existing shareholders of the Company representing the remaining investors. The net proceeds of the Offering are intended to be used primarily to progress the Company's strategy of a staged rollout of Battery Anode Facilities (BAF) to produce active anode material for EV batterie
Sudbury, Ontario--(Newsfile Corp. - October 11, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Corporation") is pleased to announce that the Corporation and a syndicate of agents (the "Agents") co-led by Desjardins Capital Markets ("Desjardins") and SCP Resource Finance LP ("SCP", and together with Desjardins, the "Bookrunners") have agreed to increase the size of its previously announced best-efforts private placement offering from approximately $15 million to gross proceeds of up to approximately $19 million (the "Offering"). Pursuant to the amended terms of its agreement with the Bookrunners on behalf of the Agents, the Agents will offer for sale, on a best-efforts private placement basis, up to 18,095,200 common shares of the Corporation (the "Securities"). The
Halifax, Nova Scotia--(Newsfile Corp. - October 11, 2024) - EDM Resources Inc. (TSXV: EDM) ("EDM" or the "Company") is pleased to announce that, further to its press release dated September 30, 2024, and due to strong investor demand, it has increased its previously announced non-brokered private placement (the "Offering") to comprise of up to 13,636,363 units of the Company ("Units") at a price per unit of C$0.11 (the "Unit"), for total gross proceeds of up to C$1,500,000. Each Unit will consist of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.14 for a period of 36 months following the issue date of the Unit.
Toronto, Ontario--(Newsfile Corp. - October 11, 2024) - HIRU Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com , www.hirumining.com is pleased to share with its shareholders and followers a comprehensive Feasibility Scoping Study for the Balfour Copper Project located in northwestern Tasmania, Australia. This study outlines the initial operational and financial parameters, providing a clear path forward for the project's development. Operational Overview The Balfour Project is structured to be highly scalable, with substantial expansion potential beyond the initial 10-year plan. The first phase of the project will focus on processing 500,000 tonnes of ore per year, yielding 50,000 tonnes of copper concentrate. This marks just the beginning, with additional resources expected to
VANCOUVER, BC , Oct. 11, 2024 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (OTCQB: GSRFF) (FRA: 4LE0) (the " Company " or " Golden Shield ") reports that it has terminated negotiations in respect of the potential acquisition of Tucano Gold Inc. Golden Shield will focus its efforts on advancing its flagship property, the 5,457-hectare Marudi Mountain gold project located in the Rupununi District of southwestern Guyana (the "Marudi"). The Marudi property covers a high-grade gold camp on which a total of 50,350m of diamond drilling has been carried out, with Mazoa Hill representing the principal deposit where most of the drilling has occurred. Numerous other deposits occur on the property that require additional drilling, including Pancake Creek, Marudi North, Toucan and others.
VANCOUVER, BC , Oct. 11, 2024 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN ) (OTCQB: DFMTF) (FSE: 35D) today announced the successful closing of its previously announced non-brokered bridge financing of secured convertible notes (the "Notes"), raising $4,000,000 in gross proceeds (the "Offering"). Update on Prefeasibility Study The proceeds of the Offering will enable Defense Metals to complete the Prefeasibility Study ("PFS") for the Wicheeda Rare Earth Element Project, carry out scenario analyses, evaluate possible optimization of processes, and conduct further testing. The PFS will be substantially completed by the end of the year, with the final results published in Q1 2025. The PFS is being led by Hatch Ltd., with metallurgical oversight provi
October 11, 2024 (Australian Mining) - Hancock Prospecting has scaled back its proposed Mulga Downs iron ore mine in the Pilbara, reducing annual production from 20 million tonnes (Mt) to 12Mt after reducing the project’s footprint. Documents released by Western Australia’s Environmental Protection Authority (EPA) show several changes to the project. The overall development envelope has been reduced by 32 per cent to 16,848 hectares, while the disturbance footprint has been cut by 48 per cent to 4,339 hectares. These changes include the removal of two proposed mining pits – Anticline South and Horseshoe South – along with plans to remove the wet processing facility and tailings storage facility. Consequently, this will lead to groundwater usage falling from 36.5 gigalitres per a
October 11, 2024 (Australian Mining) - IGO has awarded Barminco, an underground mining company owned by Perenti, a contract extension to continue mining at the Nova underground nickel mine in Western Australia. The contract is valued at $157 million and involves Barminco executing underground mine development, production and mining support services. The contract extension is for 29 months and commenced on July 1 2024, with the agreement not requiring new growth capital. Barminco has been working at Nova since it started underground development in 2015, when it was a greenfield site. The initial 2015 contract between Barminco and IGO was for a 36-month period. It was then extended in 2018 for another 48 months, with a 24-month extension option. Now that this option has been exe
October 11, 2024 (Australian Mining) - NRW Holdings has announced that its subsidiary, NRW Civil & Mining, has been awarded a development contract by BHP at the Jimblebar iron ore mine in Western Australia. The contract, which is valued at around $109 million, includes various civil, building, mechanical, and electrical works aimed at supporting sustainable production at the mine. The project scope includes bulk earthworks, the construction of permanent facilities, and the development of a new floodway. Additionally, the contract involves the construction of a light vehicle access road, along with heavy and light vehicle standpipes and a washdown facility. Further works include the realignment of a high-density polyethylene (HDPE) pipeline and the installation of a 33kV
October 10, 2024
October 10, 2024 06:57 AM Eastern Daylight Time VANCOUVER, British Columbia--( BUSINESS WIRE )--Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce the release of an integrated resource estimate for its 100% owned North Island Project (the “Resource Estimate”) which integrates the Hushamu, Red Dog and Northwest Expo deposits. The Resource Estimate will be used for the development of an updated preliminary economic assessment (“PEA”) on the North Island Project which is now anticipated in early Q1 2025
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ROUYN-NORANDA, Quebec, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce the closing of a non-brokered private placement of 20,866,666 units of the Corporation (“ Units ”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,251,999.96 (the “ Private Placement ”). "I would like to thank our current shareholders for their continued support and would like to welcome NQ Investissement Minier as a new shareholder of Abcourt", commented Abcourt’s CEO, Pascal Hamelin. "NQ Investissement Minier’s participation and interest in our company serve as a significant endorsement within the sector, highligh
Sudbury, Ontario--(Newsfile Corp. - October 10, 2024) - Magna Mining Inc. (TSXV: NICU) (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the " Corporation ") is pleased to announce that it has entered into an agreement with Desjardins Capital Markets (" Desjardins ") and SCP Resource Finance LP (" SCP ", together with Desjardins, the " Bookrunners ") on behalf of a syndicate of agents that may be formed (the " Agents "), in connection with a "best efforts" private placement of up to 14,285,700 common shares of the Corporation (the " Securities ") at a price of $1.05 per Security (the " Offering Price ") for aggregate gross proceeds of up to approximately $15 million (the " Offering "). In addition, the Corporation will grant the Agents an option, exercisable up to 48 hours prior to the closing of t
Calgary, Alberta--(Newsfile Corp. - October 10, 2024) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (the "Company" or "West High Yield") is pleased to announce that it has received its most updated written work plan timelines (link to the timelines ) from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation (the " EMLI ") regarding the Company's mineral extraction project (the " Project ") pertaining to the Record Ridge Industrial Minerals Mine (the " RRIMM ") permit process. While the EMLI indicated that these dates could be subject to adjustments, the Company is optimistic that the process is on track for a potential permit issuance by early December, 2024. The Company remains committed to addressing any further requests or comments promptly stemming from th
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / VANCOUVER, BC , Oct. 10, 2024 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF ) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has upsized and closed its previously announced non-brokered private placement financing raising total gross proceeds of approximately $7.4 million (the " Offering "). Pursuant to the Offering, the Company issued 54,463,706 units of the Company (the " Units ") at a price of $0.135 per Unit. Each Unit consists of one common share of the Company (a " Unit Share ") and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant entitles the holder to acq
Open pit, run-of-mine (no crushing) heap leach operation with a one-year construction period and initial capital expenditure of $327 million Average annual production of 183 thousand ounces of gold in years 1 to 5 with Life-of-Mine average annual production of 135 thousand ounces of gold All-In Sustaining Cost for years 1 to 5 of $1,205 per ounce of gold and LOM AISC of $1,380 per ounce of gold $552 million After-Tax Net Present Value (5%) with a 32% After-Tax Internal Rate of Return and a 3.3 year payback at a base case gold price of $2,000 per ounce “We believe there is significant upside for project optimization and resource growth going into a full feasibility study. Growth will be driven by new…”