Commodity 2
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September 20, 2024
Commodity
September 19, 2024
After Tax NPV5% of US$111 Million at US$2,100/oz Au price After Tax NPV5% of US$153 Million at Spot prices 1 Average annual production targeted at approx. 56,000 Gold Equivalent Ounces ("GEO") 2 Life of Mine Average annual
QUITO, Ecuador, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc . (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to report assay results from its ongoing 60,000m 2024 drilling program that aims to target open extensions of m
Highlights: First assays from Long Pocket infill drilling return strong uranium mineralisation at shallow depths. Significant intersections include: LP24RC004 – 10m @ 606ppm U 3 O 8 from 6m depth, including 2m @ 1,726ppm U 3 O 8 from
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum" or "the Company") is pleased to announce the results of the first 5 holes of the 2024 drill program to establish
September 19, 2024 (Australian Mining) - The Queensland Government is investing in a new gas-to-electricity power project at the Kestrel coal mine as part of its $520 million Low Emissions Investment Partnerships (LEIP) program. The project will expand the underground mine’s drainage system to capture more fugitive gas, preventing it from being released into the atmosphere. This has the potential to reduce carbon emissions by more than one million tonnes over eight years. Kestrel Coal Resources chief executive officer Shane Hansen welcomed the investment. “Kestrel has focused our resources on targeting substantive and innovative emissions reduction projects,” he said. “This funding is a key enabler of our decarbonisation strategy, and we welcome the partnership with Queensland T
September 6, 2024
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES ./ TORONTO , Sept. 6, 2024 /CNW/ - Luca Mining Corp. (" Luca " or the " Company ") ( TSXV: LUCA ) ( OTCQX: LUCMF ) ( Frankfurt : Z68 ) is pleased to announce that it has entered into an agreement with Stifel to act as lead agent and sole bookrunner for and behalf of a syndicate of agents (collectively, the " Agents "), in connection with a "best-efforts" private placement of up to 19,000,000 units of the Company (the " LIFE Units ") at a price of $0.45 per LIFE Unit (the " Offering Price ") for aggregate gross proceeds of C$8.55 million (the " Offering "), with the LIFE Units to be issued pursuan
September 5, 2024
PID 181 & 184 Allied Gold Secures Funding for Advancements at Côte d'Ivoire Assets Allied Gold Corporation ("Allied Gold") announced the closing of US$53 million in stream financing for advancement initiatives at its Côte d'Ivoire Complex (CDI Complex), which includes the Bonikro and Agbaou gold mines . The stream financing will support the advancement of highly prospective sites with Allied Gold allocating a total of US$16.5 million in 2024 to advance high priority targets such as Oume, Akissi-So, Agbalé, and others, which are located within Sandstorm's Bonikro stream claim. Allied Gold expects to accelerate projects that aim to optimize operations, extend mine life, and increase asset value by unlocking additional upside potential. Projects Timeline PID
August 29, 2024
August 29, 2024 (Source: Sigma Lithium Corp) Highlights: Sigma Lithium has received a binding commitment from BNDES ( National Brazilian Bank for Economic and Social Development ) for a BRL487 million development loan to fully fund the construction of Sigma Lithium’s Second Greentech Carbon Neutral Plant in Brazil . Sigma has initiated construction activities on site while conducting detailed engineering work following the Final Investment Decision made by its Board of Directors. Based on the current construction timetable, the Company plans to complete construction and commissioning in the summer of 2025. The Development Loan provides the Company with a 16-year repayment period at a very low interest rate, a hallmark of development debt financing. The key te
August 21, 2024
TSXV: ITR ; NYSE American: ITRG www.integraresources.com VANCOUVER, BC , Aug. 21, 2024 /CNW/ - Integra Resources Corp. (" Integra " or the " Company ") (TSXV: ITR ) (NYSE American: ITRG) is pleased to announce that in connection with the joint news release of Integra and Florida Canyon Gold Inc. (" FCGI ") dated July 29, 2024 announcing Integra's intention to acquire FCGI (the " Transaction "), the Company has completed the bought deal private placement offering of 14,900,000 subscription receipts (the " Subscription Receipts ") at a price of C$1.35 per Subscription Receipt for gross proceeds of approximately C$20 million (the " Offering "). The Offering was conducted by Stifel Nicolaus Canada Inc. and Eight Capital, as co-lead underwriters and joint bookrunners, togeth
August 14, 2024
VANCOUVER, BC , Aug. 14, 2024 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU , OTCQX: MAUTF) is pleased to announce the closing of its previously announced brokered private placement of 102,857,143 common shares of the Company (the "Common Shares") at a price of C$1.75 per Common Share for gross proceeds of C$180 million (the "Offering"). The Offering was led by Stifel and SCP Resource Finance LP as co-lead agents and joint bookrunners (the "Lead Agents"), on behalf of a syndicate of agents including Cormark Securities Inc., Raymond James Ltd., and Beacon Securities Limited (collectively, the "Agents"). Following completion of the Offering, Trusts controlled by the Lundin family (the "Lundin Family Trusts") and Zijin Mining Group Co. Ltd. (together with its af
July 2, 2024
Freeport Resources closes oversubscribed private placement, underscoring strong investor interest in its 100% of the Yandera Copper Project, one of the largest undeveloped copper deposits in the World, and the largest undeveloped copper project in Asia, the world's leading copper refiner and consumer. Yandera is an advanced-stage copper project with over US$200 Mil in exploration and development expenditures completed to date, including a 2017 Pre-Feasibility Study, prepared by Worley Parsons, which estimated historical Measured and Indicated Resources of 728 million tonnes grading 0.39% copper equivalent*. PNG's resource-focused economy is set to enter a construction supercycle with a number of multi-billion dollar infrastructure and mining projects in the pipeline including Wafi Go
June 27, 2024
VANCOUVER, British Columbia, June 27, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces it has entered into an agreement with a syndicate of lenders to extend and increase its senior secured credit facility (the “Credit Facility”). The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature. The Company proactively extended and increased the credit facility in order to replace the October 2021 senior secured credit facility which was maturing in 2025. The Credit Facility bears interest at a rate of SOFR plus a margin of 2.125-3.250%, dependent on the Company’s net-leverage ratio. “The extension and increase of our credit fa
June 17, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (" Freeport Resources " or the " Company ") is pleased to announce that due to market demand it has elected to increase the size of its ongoing non-brokered private placement offering (the " Offering "). The Offering will now consist of up to 140,000,000 units (each, a " Unit ") at a price of $0.05 per Unit for gross proceeds of up to $7,000,000. Each Unit consists of one common share and one-half-of-one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.25 for a period of twenty-four months. The Company has issued a total of 88,697,220 Units to da
June 13, 2024
TORONTO, ON / ACCESSWIRE / June 13, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce the signing of a Mandate Letter with International Finance Corporation ("IFC"), the private sector investment arm of the World Bank Group, to lead a senior debt facility totaling US$91 million (the "IFC Debt Facility") to fund an expansion of the Molo Graphite Mine (the "Molo mine") in southern Madagascar. In December 2023, the Company released the results of a Technical Feasibility Study (the "FS") that confirmed the positive economics of a large-scale expansion of the Molo mine and processing facility from its current production capacity of 17,000 tonnes per annum (tpa) to 150,000 tpa of SuperFlake® graphite concentrate. The FS estimated a