Sirios Resources Inc. announces that it has closed, effective April 30, 2024, a non-brokered private placement for a gross proceeds of $1,310,755 . The Offering consisted of the issuance of 21,845,915 units of the Corporation at a price of $0.06 per Unit. Each Unit consists of one common share of the capital of the Corporation and one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.12 per Common Share for a period of twenty-four months from the date of issuance. The net proceeds from the sale of the Units will be mainly used by the Corporation to advance its Cheechoo gold project, as well as for general and corporate working capital purposes. No finder's fees were paid under the Offering. The Com...

Australia, May 1, 2024 /CNW/ - Hot Chili Ltd. is pleased to announce it has engaged joint lead managers to undertake a capital raising by way of a placement of shares to institutional, professional, and other investors to raise up to A$29.9 million. Proposed Placement The Company has appointed Veritas Securities Limited and Cormark Securities Inc. as joint lead managers and BMO Capital Markets, as co-manager , to raise up to A$29.9 million on a "best endeavours basis" by way of a private placement of up to 29,860,000 new fully paid ordinary shares offered to institutional, professional, and other investors. The issue of the Shares under the Placement will not be subject to shareholder approval and will be made within the Company's 25% placement capacities under Australian Sec...

Adventus Mining Corp. and Silvercorp Metals Inc. are pleased to announce that Adventus has closed its previously announced private placement of 67,441,217 common shares of Adventus at an issue price of C$0.38 per Common Share to Silvercorp for aggregate gross proceeds to Adventus of C$25,627,662 . As previously announced on April 26, 2024, the Placement was completed in conjunction with the proposed acquisition by Silvercorp of all of the issued and outstanding Common Shares of Adventus by way of a plan of arrangement pursuant to an arrangement agreement between Adventus and Silvercorp . With the completion of the Placement, Silvercorp now holds approximately 15% of the total issued and outstanding Common Shares. Adventus expects to use the proceeds from the Plac...

VANCOUVER, BC, May 1, 2024 /CNW/ - Trading resumes in: Company: Red Pine Exploration Inc. TSX-Venture Symbol: RPX All Issues: Yes Resumption : 9:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt b...

Stellar AfricaGold Inc. announces that it has been granted the Zuénoula Gold exploration permit in Côte d'Ivoire The Zuénoula Gold Permit, Côte d'Ivoire The Zuénoula permit was officially granted in the ministerial meeting held April 17, 2024 and pursuant to normal procedures was publicly announced on nationally televised broadcast. Stellar is awaiting final documentation which will follow the issuance of a presidential decree. The highly prospective Zuénoula Gold exploration permit was acquired November 27, 2020 as a then 'pending' permit application and Stellar has steadfastly pursued its final issuance. The final 250,000 shares owed to TSX-V listed Elemental Altus Royalties Corp., which was contingent upon final grantin...

European Energy Metals is pleased to announce that it has completed its previously announced acquisition of the Finnish Pegmatite Project from Capella Minerals Ltd. . The Finnish Pegmatite Project was previously the subject to an earn-in agreement between the Company and Capella. In exchange for a 100% interest in the Finnish Pegmatite Project, the Company paid Capella $250,000 in cash and issued 1,100,000 common shares on closing. Capella also received a 2% net smelter royalty on the project, half of which may be repurchased by the Company at any time in exchange for the payment of 1,000,000 Euro. The Consideration Shares are subject to a statutory four month hold period as well as contractual restrictions on resale. Jeremy Poirier, the Company's Chief Executive Officer, com...

i-80 Gold Corp. is pleased to announce the closing of its previously announced "bought deal" public offering of an aggregate of 69,698,050 units at a price of C$1.65 per Unit for aggregate gross proceeds to the Company of approximately C$115 million , including the full exercise of the over-allotment option. Each Unit consists of one common share in the capital of the Company and one-half of one Common Share purchase warrant of the Company . Each Warrant is exercisable to acquire one Common Share for a period of 48 months from closing of the Offering at an exercise price of C$2.15 per Warrant Share. The Offering was led by National Bank Financial Inc. as lead underwriter and sole bookrunner, together with Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. as co-lead unde...

HIGHLIGHTS Nunyerry North At Nunyerry North, a ~4,000 m RC drill program is to commence next week following significant results from the maiden drill program. The program will test multiple new targets along strike of known mineralisation and down plunge of existing intercepts. Significant intercepts from the maiden RC program at Nunyerry North1 included: 6 m @ 6.12 g/t Au from 37 m 11 m @ 2.52 g/t Au from 22 m, including 6 m at 4.19 g/t Au from 22 m 13 m @ 1.89 g/t Au from surface 4 m @ 5.71 g/t Au from 40 m 17 m @ 1.34 g/t Au from 37 m, including 4 m at 3.77 g/t Au from 50 m 14 m at 1.14 g/t Au from 39 m, including 4 m at 2.16 g/t Au from 41 m The upcoming Nunyerry North drilling program successfully qualified for the Western Australian State Government Exploration Incentive Scheme , awa...

Hispania Resources Inc. , a mineral exploration company focused on Spain, announced that it has retained a Canadian geological services company to complete technical reports in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects Technical Reports at its recently acquired properties Otero and Lumbrales in Castille Y Leon, Spain. Otero Hispania formally acquired the Otero property from the previous owner. As previously disclosed in a press release dated November 22, 2023, Otero consists of 5 km2 made up of 16 mining claims. The Otero property hosts a Cu-Sn-Zn-Au-W polymetallic Skarn deposit. Norman Brewster, CEO of Hispania noted "With the price of copper hitting higher levels in recent weeks, we believe this is a great time to ascertain form...

Red Pine Exploration Inc. reports that it has discovered inconsistencies in certain assay results from the Wawa Gold Project which were previously publicly announced by way of press releases and which may also have been disclosed or used in certain other disclosure documents, such as the National Instrument 43-101 Technical Report for the Wawa Gold Project dated June 21, 2023. Accordingly, the Company hereby withdraws all its previously announced assay results for the Wawa Gold Project and advises that such results, and the disclosure that such results are based on, should not be relied upon. The Company is conducting a detailed review and comparison of the assay results from the Wawa Gold Project with the Company's disclosure documents in order to identify and quantify the e...

Toronto, Ontario - - Resouro Strategic Metals Inc. is pleased to announce that the Company has lodged a prospectus with the Australian Securities and Investments Commission in relation to its proposed dual listing on the Australian Securities Exchange . Under the Prospectus the Company will offer 16,000,000 CHESS Depository Interests over common shares in the capital of the Company at an offer price of AUD$0.50 per CDI to raise gross proceeds of AUD$8.0 million . Each CDI will represent a beneficial interest in 1 common share of Resouro. The Offer is expected to open on May 9, 2024 with the expected commencement of trading on the ASX to be on or around June 4, 2024. Taylor Collison Limited, an Australian broker, has been appointed as the Lead Manager for the ASX listing proce...

GRANDE PRAIRIE, ALBERTA - TheNewswire: Angkor Resources Corp. announces the third-year completion and celebration of Cambodia's first national agreement with Indigenous Communities in Ratanakiri in the extractive sector. The agreement represents leading Environmental, Social, Governance practices undertaken by Angkor across its projects. The agreement is the first of its kind in Cambodia - a national template between industry and Indigenous Communities that is long-term and covers all areas of development from prospecting through exploration, development, mining, and reclamation. The agreement between Angkor and Jarai communities in the Wild Boar Prospect area covers topics including clean water and sanitation solutions, health care, and economic development opportunities. Cl...

First Phosphate Corp. is pleased to announce its Gold Sponsorship of THE Mining Investment Event of the North to take place on June 4-6, 2024 at the Centre des Congrès in Québec City, Canada. Armand Mackenzie, VP of Government Relations for First Phosphate, is responsible for organizing and moderating this year's inaugural Indigenous business panel at THE Event on Wednesday, June 5th, 2024 at 11:30 EST. Ian Lafrenière, Quebec Minister Responsible for Relations with the First Nations and the Inuit; Gilbert Dominique, Chief of the Pekuakamiulnuatsh Takuhikan First Nation; John Passalacqua, CEO of First Phosphate and Darrell Beaulieu, CEO of Denendeh Investments Inc. will discuss best practices in the Industry and the recent collaboration agreement between First Phosphate and th...