Commodity 2
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November 21, 2024
Commodity
November 20, 2024
November 20, 2024 (Source: Akobo Minerals AB) OSLO, 20 November 2024 — Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO) a Scandinavian-based Ethiopian gold exploration and mining company, in collaboration with the Ethiopian government, proud
Highlights: Mine plan optimized with reduced strip ratio bringing additional 78k ounces of palladium, 34k ounces of Platinum and 2M lb of Copper in the first 3 years Estimated $190M in additional payable revenues 1 and operating cost benefi
TORONTO , Nov. 20, 2024 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB ) (OTC: AUMBF) is pleased to report an updated underground Mineral Resource Estimate ("MRE") for the True North Gold Project, located within the C
In the presence of the President of Ghana, Akufo-Addo, and the Chinese Ambassador to Ghana Tong Defa, a ceremony was held recently on November 8 to mark the commissioning and first gold pour at Shandong Gold’s Cardinal Namdini gold project, which is
November 20, 2024 (The Assay) - Osisko Metals Incorporated (TSXV: OM | OTCQX: OMZNF | FRANKFURT: 0B51) has announced the expansion of its leadership team along with a C$100M bought deal financing as the company accelerates its strategy of creating a leading critical metals company in North America. John Burzynski will be appointed to the board of directors of the company as executive chairman and will lead the company along with Robert Wares, who will continue as CEO and a director on the board. Also, Don Njegovan and Blair Zaritsky will be appointed as president and CFO of the company, respectively. Additionally, Luc Lessard, a director of the company since 2019, will step down from the board and Anthony Glavac will step down as CFO. Mr. Lessard will remain as technical advisor t
November 19, 2024
MONTREAL, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce a further advancement in its project financing strategy with two Letters of Intent (“LOI”) from Finnvera plc (“Finnvera”), the official Export Credit Agency of Finland, for up to US$300 million and The Swedish Export Credit Agency (EKN) for approximately US$200 million. These LOI’s have been presented to support the development of the copper and gold Troilus Project (the “Project”). These new LOIs, follow the recent US$500 million LOI from Euler Hermes announced on November 13, 2024 , and further enhance the Company’s strategic approach to securing a comprehensive financing package for the Project’s development. Highlights: Troilus has
November 18, 2024
BOISE, Idaho , Nov. 18, 2024 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA ) ("Perpetua Resources" or the "Company") today announced the pricing of its previously announced public offering of 3,439,465 shares of its common stock (the "Common Shares") in the United States ( the "Offering") at a price to the public of US$10.17 . The gross proceeds to Perpetua Resources from the Offering, before deducting commissions and expenses and other Offering expenses, will be approximately $35 million , or approximately $40 million if the Underwriters exercise the Option (as defined below) in full. The Company expects to use the net proceeds of the Offering for down payments on long lead time materials, detailed engineering for its Stibnite Gold Project, and general corporate pu
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. ( TSX: AOT; OTCQX: AOTVF ) (“ Ascot ” or the “ Company ”) is pleased to announce that the Company has closed the previously announced senior secured debt financing and amendments (the “ Debt Financing ”), including approximately US$7.5 million from Sprott Private Resource Streaming and Royalty (B) Corp, (“ Sprott Streaming ”). In addition, the Company’s secured creditors, including Sprott Streaming and Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund II, LP and Nebari Collateral Agent LLC (together “ Nebari ”), have extended the waiver and forbearance agreements previously granted until May 31, 2025. Furt
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Toronto, Ontario and Nucla, Colorado, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce the closing of the first tranche of its brokered financing, which was previously announced in the Company’s news release issued on November 8, 2024. Pursuant to the financing, Western issued a total of 3,819,695 units at a price of CAD $1.32 per unit (each, a “Unit”) for aggregate gross proceeds of approximately CAD $5,041,998 (the “Offering”) with each Unit being comprised of one common share (each, a “Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable for one Share of the Co
November 15, 2024
Not for distribution to U.S. news wire services or dissemination in the United States. Highlights Closing third tranche in amount of C$3.1m, bringing the total raised in this financing to C$18m. An 8,200m Phase 2 follow-up drill program has commenced, testing and extending previously identified areas of higher grade mineralisation which are believed to have some structural controls. Metallurgical testwork sampling towards demonstrating feasibility of a conventional processing route (crushing/milling/flotation) has been completed with samples dispatched to the laboratories. Identification of potential technology providers and metallurgical facilities to assist with testing and flowsheet development of possible pre-concentration as well as bacterial heap leaching processes to be ap
November 14, 2024
November 14, 2024 (Source: Lake Resources N.L.) Update to ASX announcement released 13 November 2024 Lake Resources N.L. (ASX: LKE; OTC: LLKKF) (the Company), at the request of ASX, wishes to advise of updates to the announcement released on 13 November 2024 (Announcement). The Company advises that the Announcement has been amended to include: · a resource statement that was the subject of the Company’s prior ASX announcement on 22 November 2023 and confirmation that the Company is not aware of any new information or data that affects the information included in the prior ASX announcement (refer to Appendix 1 of the Announcement); and · a cross-reference to the Company’s ASX announcement on 19 December 2023. Please refer to the attached Announcement. The Ann
November 12, 2024
November 12, 2024 (Australian Mining) - International Graphite (IG6) has secured $4.5 million in government funding to construct the first purpose-built commercial graphite micronising plant in Collie, Western Australia. IG6 has entered into an agreement with the WA Government Department of Jobs, Tourism, Science and Innovation (JTSI), with $2 million of the $4.5 million to be applied towards the facility. The remaining $2.5 million will be applied to expand the facility and double capacity. “We are excited to be pushing ahead with the construction of the new plant at Collie,” IG6 managing director and chief executive officer Andrew Worland said . Worland said the company is expecting the facility to be among the most significant global producers of micronised graphite outside
Halifax, Nova Scotia--(Newsfile Corp. - November 12, 2024) - EDM Resources Inc. (TSXV: EDM) ("EDM" or the "Company") is pleased to announce that, further to its new releases dated September 30, 2024 and October 11, 2024, and due to additional investor demand, it has increased its previously announced non-brokered private placement (the "Offering") to comprise of up to 16,363,636 units of the Company ("Units") at a price per unit of C$0.11 (the "Unit"), for total gross proceeds of up to C$1,800,000. 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 th
MONTREAL, Nov. 12, 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 private placement of 31,946,366 units of the Company (" Units ") at a price of US$1.80 per Unit, including the exercise in full of the Agents' option, for aggregate gross proceeds of approximately US$57.5 million (the " Offering "). The Offering included a lead order from Condire Investors, LLC (" Condire "), an investment firm based in Dallas, Texas, resulting in an approximate 8.8% holding in the Company's issued and outstanding common shares immediately following the closing of the Offering (on a non-diluted basis). Concurrently with the Offering, the Company and Condire have ag