Besra Gold Inc. refers to its ASX announcement dated 15 May 2024 and advises that the Company has today received confirmation from Quantum Metal Recovery Inc that Quantum has successfully opened in Australia a US$ bank account with the Commonwealth Bank of Australia . As a consequence of the opening of this US$ bank account, Quantum will now be able to meet the Malaysian regulatory requirements and commence sending US dollars from Malaysia directly to Quantum's US$ CBA bank account. Following receipt of these US dollars into Quantum's Australian US$ bank account, Quantum can then transfer US dollars into Besra's existing Australian US$ bank account in accordance with the Gold Purchase Agreement. As further advised by Besra on 15 May 2024, following the receipt by Besra of the ...

A.I.S. Resources Ltd. announces the closing of a private placement of convertible debentures and detachable warrants for gross proceeds of $195,000. Principal will be convertible into common shares at $0.05 per common share for a term of one year from the closing date . The convertible debentures will bear interest at a rate of 6.0% per annum payable on the Maturity Date. Accrued interest may be paid in cash or converted to common shares at the Market Price at the time the accrued interest becomes payable. 1,950,000 detachable common share purchase warrants will be issued on the closing date. Each Warrant will be exercisable to acquire one common share of the Company for a period of one year from the closing date at an exercise price of $0.08 per Warrant Share. The common sha...

TSX.V: COCO Coast Copper Corp. is pleased to announce that it has earned a 100% interest in certain mineral claims which form part of the Empire Mine property by making the fifth and final payment, consisting of a cash payment of $250,000 and the issuance of 1,000,000 common shares of Coast Copper to Mirva Properties Ltd. pursuant to an option agreement that was signed on September 22, 2020 . Empire Mine also consists of certain crown grants . Adam Travis, Coast Copper CEO comments: "We are very encouraged by the increased attention that high-grade, critical mineral projects in safe jurisdictions like British Columbia are starting to attract. Benson Lake Mine ticks a number of these boxes having been a high-grade copper producing project for Cominc...

Correction: In the Fredonia Mining Inc. announcement dated May 21, 2024, it was incorrectly stated that Mr. Omar Salas would be remaining with the Company in an advisory role. The complete corrected version follows. The Company is preparing an initial mineral resource estimate at the El Dorado Monserrat project, targeted for release in Q3 of this year. The mineral resource estimate will be based on three drilling campaigns carried out over the past three years, representing a total of 10,982.7 meters of diamond drilling, plus historical drillings of the project. TORONTO, May 28, 2024 -- Fredonia Mining Inc. announces that it has commissioned the preparation of an initial mineral resource estimate at the EDM project, targeted for Q3, 2024. The work is being under...

Red Lake Gold Inc. is pleased to announce that Thunder Bay-based Fladgate Exploration Consulting Corporation has deployed a four-person team to perform field exploration at the Corporation's Whirlwind Jack Gold Project near Red Lake, Ontario . "This environmentally conscious exploration program could help provide insight into the nature of the widespread mag low corridor situated within the eastern-most priority area of our project. Red Lake Gold believes the mag low area may correspond to coverage of the LP Fault, a regional structure that is gold-bearing at the adjoining Great Bear project, which in turn is contiguous with our Whirlwind Jack project. Red Lake Gold's near-term exploration objective is to further test the potential extension of this fault and to explore for g...

Steadright Critical Minerals Inc. is pleased to announce that it has entered into an arm's length share exchange agreement dated May 27th, 2024, with 1302990 B.C. Ltd. and the shareholders of BCCo , pursuant to which the Company will acquire all of the issued and outstanding shares in the capital of BCCo from the Vendors . BCCo is a private company incorporated pursuant to the laws of the Province of British Columbia and owns a 100% undivided interest in the Saint Gabriel Project . which is comprised of Silica based claims in Quebec, Canada. As consideration for the Acquisition, the Company shall: issue the Vendors an aggregate of 5,500,000 common shares in the capital of the Company at a deemed price of $0.045 per Common Share; and pay the Vendors, on a pro rata basis, an ag...

Northstar Gold Corp.'s CEO, Brian Fowler joined Steve Darling from Proactive to announce the signing of a Letter of Intent with vendors for the 64-hectare Philip Property. This property is adjacent and southeast of Northstar's Miller Copper-Gold Property along the historic Boston Creek Copper Trend.
Fowler explained that the Philip Property LOI strengthens Northstar's strategy to consolidate the Boston Creek Copper Trend and complements the previously signed Boston Creek Mines Property LOI. Both LOIs include a six-month exclusivity period for due diligence and negotiation of acquisition terms.
The Philip Property is crucial to Northstar's exploration strategy for the Boston Creek Copper Trend. It will allow the company to ground truth and drill test the Zone 2 Extension Condu...

Mammoth Resources Corp. CEO Thomas Atkins joined Steve Darling from Proactive to discuss the results of an internal study conducted by the company's geologists, which identified a target for further exploration at the Tenoriba gold-silver exploration property in Mexico. It's important to note that, in accordance with NI 43-101 standards, this target is conceptual in nature, and there is uncertainty whether further exploration will result in its delineation.
The study delineated exploration targets for each of the three gold-silver mineralized areas at Tenoriba, spanning a four-kilometer east-west trend: Carneritos, Masuparia, and Moreno.
Of particular interest is the potential for over 800,000 gold equivalent ounces in the shallow Oxide-Mixed horizon at Carneritos. This near-...

South Pacific Metals Corp. is pleased to announce that it has closed its private placement financing of C$1,500,000 , which was originally announced on April 29, 2024. The Company has issued an aggregate of 3,750,000 units of the Company at a price of C$0.40 per Unit to raise gross proceeds of C$1,500,000. Each Unit will consist of one common share of SPMC and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of C$0.90 per share at any time up to 24 months following the closing date of the Offering. If the volume weighted average trading price of the common shares on the TSX Venture Exchange is equal to or greater than C$1.40 for a period of 30 consecutive days, the Company will have the right to accelerate the expiry ...

Endeavour Mining Plc announces that on 27 May 2024 it received the following notification from BlackRock, Inc. of its interests in the Company as of 24 May 2024. TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BL6K5J42 Issuer Name Endeavour Mining Plc UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name BlackRock, Inc. City of registered office Wilmington Country of registered office USA 4. Details of the shareholder Full name of shareholder if different from the person subject to the notification obligation, above City of registered office Country of registered office 5. Date on which the threshold was crossed or reached 24...

Mayfair Gold Corp. today commented on an ex parte order obtained by Muddy Waters Capital LLC in the Supreme Court of British Columbia on May 27 restricting the distribution of funds held in trust of approximately $4.0 million representing the aggregate termination payments payable to the Company's management and employees under their employment agreements in respect of a change of control. The trust arrangement for the change of control payments was described in the Company's press release dated May 9, 2024. The order was obtained by Muddy Waters without notice to the Company, its employees or directors and without the opportunity for the Company, its employees or directors to be heard before the Court. After reviewing the order with legal counsel, the Company is of the view ...

MONTRÉAL, QC / ACCESSWIRE / May 28, 2024 / Quebec Precious Metals Corp. announces that it has entered into agreements to issue an aggregate of 457,942 common shares in settlement of debts of three current directors of the Corporation in an aggregate amount of $38,925.08 . The Debt Settlement is paid in connection with services rendered by the current directors during the fourth quarter of the financial year ending January 31, 2024 and the first quarter of the financial year ending January 31, 2025. The Board of Directors and Management of QPM believe that the Debt Settlement is in the best interests of QPM as it will help the Corporation preserve its cash position. The common shares to be issued pursuant to the Debt Settlement will be issued at a deemed price of $0.085 per sh...

Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to share exciting results from the company's recent drilling program at the Gochager Lake Project. The Q1/Q2-24 drill campaign involved seven drill holes, covering a total of 2,656 meters, as part of a broader program where 16 holes were drilled, totaling 5,543 meters.
Fraser reported that the company has now defined a mineralized gabbro unit containing interstitial disseminated magmatic pyrrhotite, pentlandite, and chalcopyrite. This mineralization extends over a northeast-southwest strike of approximately 300 meters and a vertical extent exceeding 400 meters. Importantly, the Gochager Lake deposit remains open for expansion in multiple directions and at depth, offering significant potential for future explorat...