LithiumBank Resources Corp. is pleased to announce the acquisition of a wellbore within its 100%-owned Boardwalk Lithium Brine Project located in west-central Alberta, Canada. The Alberta Energy Regulator approved the transfer of 100% ownership of well ID: 100/10-06-069-21W5/00 , along with surface rights and road access from the previous owner/operator to LithiumBank. The 10-6 well is a past producing oil and gas well, and since 2005, has produced hydrocarbons and brine from the Sturgeon Lake South oil field at the top of the Leduc Formation . The well is in the eastern portion of Boardwalk's 'Production Zone' as described in the Company's January 2024 Preliminary Economic Assessment as shown in Figure 1. The Production Zone hosts Boardwalk's Indicated 395,000 tonnes LCE res...

Fortune Minerals Ltd. is pleased to announce that the United States Department of Defense has awarded the Company a US$6,380,555 grant under the Defense Production Act Title III program to expand the domestic capacity and production of cobalt for the battery and high strength alloy supply chains. This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada toward a project construction decision. The NICO Project is an advanced development stage Critical Minerals asset comprised of a planned open pit and underground mine and concentrator in the Northwest Territories and a related hydrometallurgical refinery in Alberta to process concentrates from the mine to value-added metals and chemica...

TORONTO, May 16, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Fortune Minerals Ltd. TSX Symbol: FT All Issues: Yes Reason: Pending News Halt Time : 9:22 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 informa...

Following a review and field work by Golden Horse Minerals Ltd. , the Company has agreed with Torque Metals Limited to terminate its sale and purchase agreement with Torque, which the Company entered into in June 2023 . The Sale Agreement was to wholly acquire Torque's Bullfinch Gold project, located 34km from the Southern Cross township within the Yilgarn Mineral Field, Western Australia and adjacent to the Company's existing tenements.[[1]] The Company continues to assess potential opportunities to enhance its position along the highly prospective greenstone belt. For and on behalf of the Board For more information contact: Graeme Sloan Chairman / Interim CEO E: graeme.sloan@goldenhorseminerals.com.au +61 8 9322 1788 Josh Conner Chief Operating Officer E: josh.conner@golden...

Altiplano Metals Inc. is pleased to report that a new production area has been established at the 326 m mining level at the Farellon copper-gold mine located near La Serena, Chile. Access to the 326 m level is part of the ongoing underground development of the Hugo Decline, used to access and extract copper-gold and iron material from Farellon. Intersection of the 326 m mining level has been achieved through the advance of the Hugo Tunnel. This new level will provide opportunity to develop two new mining areas in the NE and SW directions where mining on the iron oxide copper gold vein structure has begun in these sub drift areas. This new access point will also provide opportunity mine the floors and roofs above on the 336 m and 344 m levels as part of the ongoing mining plan...

Go Metals Corp. is pleased to report that it has closed the previously announced non-brokered flow-through common share financing by way of the issuance of 1,111,111 flow-through common shares at a price of $0.09 per FT Share. Furthermore, the Company announces plans to conduct a reconnaissance program at the KM98 project on the Côte-Nord of Québec. Scott Sheldon, CEO of Go Metals, states, "The KM98 project hosts the largest conductor we have seen to date. The reconnaissance work is aimed at confirming favourable geology and mineralization at surface. Finding evidence of a mafic or ultramafic unit will show we are in the right environment for a nickel-copper sulphide system." Program Details The program, supported by IOS Services Geoscientifiques, will include two teams using...

EDM Resources Inc. is pleased to announce that it has commenced a dense media separation study on the base metal mineralization at the Scotia Mine. The Dense Media Separation is an inexpensive method of pre-concentrating mineralization during processing and may significantly elevate feed grades. "After preliminary analysis over the past 6 months, we are excited to now initiate a Dense Media Separation Study on our zinc and lead mineralized host rock with the SGS Metallurgical Laboratory in Quebec. DMS is increasingly being used by other base metal mines as a low capital and operating cost method of increasing feed head grades," said, Mr. Mark Haywood, President & CEO. "The DMS Study results are expected in August 2024, and if successful, may significantly improve the economics...

Highwood Asset Management Ltd. is pleased to announce financial and operating results for the three months ended March 31, 2024. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis for the period ended March 31, 2024, are available on Highwood's website at www.highwoodmgmt.com and on SEDAR+ at www.sedarplus.ca. Highlights Achieved record corporate production of 5,023 boe/d in the first quarter of 2024 an increase of approximately 25% from the fourth quarter of 2023. As a result of an effective capital program executed in the first quarter of 2024, expected average production in May is 6,000 boe/d representing a 50% increase in production from Q4 2023 production. Highwood delivered record Adjusted EBITDA of $17...

Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has signed a new agreement with Beam Earth Ltd. to commence hydrogen exploration in Arizona, targeting the fourth quarter of 2024. The previously announced agreement dated July 18, 2022 is superseded by the new arrangement. Under the terms of the new agreement, Beam Earth Ltd. will finance the following: A payment of $225,000 USD to DME within 90 days from the signing date. Covering all geophysical and associated drilling costs, including the completion of pilot wells. Engineering for a combined "white" hydrogen/helium plant, leveraging DME's hydrogen separation unit currently located at the McCauley Field in Arizona. The planning for a "green" hydrogen p...

The eastern boundary of the West Madsen property is a 5 km drive from the Madsen gold mine and mill complex owned by West Red Lake Gold Mines GoldON Resources Ltd. is pleased to announce the engagement of Orix Geoscience for data compilation and interpretation to prepare for the next phase of drilling at its West Madsen gold property. Located in the heart of the Red Lake Gold District, the 5,988-hectare West Madsen property covers two distinct claim blocks . GoldON's work to date has focused on Block A, which adjoins the Madsen mine property owned by West Red Lake Gold Mines . Figure 1: Looking northeast from West Madsen Block A to WRLG's Madsen Gold Mine property. To view an enhanced version of this graphic, please visit: https://goldonresources.com/images/westmadsen/WM-BLK-...

West Red Lake Gold Mines Ltd. is pleased to announce that it has closed its previously announced public offering of 31,944,700 units and 11,236,000 charity-flow through units of the Company at a price of C$0.72 per Unit and C$0.89 per Charity Flow-Through Unit , respectively, for aggregate gross proceeds to the Company of C$33,000,224 million, including the full exercise of the over-allotment option. The Offering was led by Raymond James Ltd., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters . Each Unit is comprised of one common share of the Company and one Common Share purchase warrant, . Each Warrant entitles the holder thereof to acquire one Common Share for an exercise price of C$1.00 per share for 24 months from the closing of the Offeri...

Channel Sampling Underway to Follow up 2.48% Cu and 1.215 g/t Au Grab Sample. For Immediate Release Seven high priority channel sample composites planned to confirm and extend known mineralization. Channels located where recent grab samples returned values up to 2.48% Cu and up to 1.215 g/t Au. Historic trenching and channel samples in the area returned values up to 2.01% Cu and 5.173 g/t Au over 1.0m intervals.* Vancouver, British Columbia - May 16, 2024. Cascade Copper Corp. is pleased to announce it has mobilized a field crew to its Centrefire Copper and Gold Project located ~40 kilometres northeast of Dryden, Ontario, Canada. The field crew will perform channel sampling at the surface exposure of the main mineralized zone as well as prospecting along the road and trail ne...

Leocor Gold Inc. is pleased to update shareholders on recent significant news from Intrepid Metals , a Canadian company focused on exploring for high-grade essential metals such as copper, silver, lead, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. In January of this year, the Company announced the completion of a CDN $3M strategic investment in Intrepid for the purpose of advancing the company's world class copper and gold projects in Arizona. On May 1, Intrepid announced the results of the first 12 holes drilled at its Corral Copper property, located in Cochise County, Arizona. The results were impressive, with highlight near surface intercepts of 105.20 meters of 1.17% Copper and 48.85 meters of 2.24% Copper . Intr...