Signature Resources Ltd. is pleased to announce that the Company is offering a non-brokered private placement of flow-through shares and non-flow-through shares for gross proceeds of up to C$1,000,000 . Over half of the Offering is expected to be subscribed for by members of the Company's board of directors and management. Each FT Share is being offered at C$0.05 per share and each NFT Share is being offered at a price of $0.045 per share. All securities issued pursuant to this proposed private placement will be subject to the Exchange Hold Period and legend accordingly. The net proceeds from the Offering will be used for the 2024 drilling program and general working capital purposes. It is expected that ten percent of the proceeds will be used for general working capital pur...

DAN: TSX-V JE9May 2, 2024 /CNW/ - Arianne Phosphate , a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce that the Company will be attending the SME Current Trends in Mining Finance Conference in New York on May 20-22, 2024. At the Conference, management from Arianne will participate in a panel discussion May 21st focusing on the financing of early-stage mining projects. As well, Arianne has granted 500,000 stock options on May 1, 2024, to Mr. Jeffrey Beck, CEO of Arianne Phosphate, fully in lieu of any salary or cash remuneration. These options entitle Mr. Beck to purchase one common share of the Company until May 1, 2034 at a price of $0.255 per share, this being the ...

American Eagle Gold Corp. is pleased to announce that it has upsized its previously announced private placementto up to 7,884,615 charity flow-through common shares of the Company at a price of C$1.04 per Charity FT Share for aggregate gross proceeds of up to C$8,200,000 . Proceeds from the Offering will be used for exploration work at the Company's NAK project located in the Babine Copper-Gold Porphyry district in central British Columbia. The final drill hole of the 2023 exploration season yielded 302 metres of 1.09% within 606 m of 0.74% Copper Equivalent starting from 98 metres downhole. The Company plans to step out from this drill hole to begin the 2024 drill season, set to begin this month. The Charity FT Shares will qualify as "flow-through shares" of the Income Tax A...

Largo Inc. will release its first quarter 2024 financial results on Friday, May 10, 2024. Additionally, the Company will host a conference call to discuss its first quarter 2024 results and other updates on Monday, May 13 at 3:30 p.m. ET. To join the conference call without operator assistance on the day, you may register and enter your phone number at https://emportal.ink/3JCUmjJ to receive an instant automated call back. You may also dial direct to be entered to the call by an operator using the dial-in details provided below. Conference Call Details Date: Monday, May 13, 2024 Time: 3:30 p.m. ET Dial-in Number: Local: +1 764-8650 North American Toll Free: +1 664-6383 Conference ID: 02623876 RapidConnect Link https://emportal.ink/48drhVN Replay Number: Local / International: ...

Sandstorm Gold Ltd. has released its financial results for the first quarter ended March 31, 2024 . First Quarter Highlights Revenue of $42.8 million ; Attributable gold equivalent ounces1 of 20,316 ounces ; Cash flows from operating activities, excluding changes in non-cash working capital1 of $32.9 million ; Record cash operating margins1 of $1,782 per attributable gold equivalent ounce . Balance sheet and capital allocation update: The Company has continued to focus on de-levering its balance sheet and made $20 million in net repayments on its revolving credit facility during the first quarter. Subsequent to quarter end, the Company announced the sale of select non-core, non-precious metals assets for $21.0 million in cash as well as the renewal of its Normal Course Issuer...

Gold Digger Resources Inc. is pleased to announce a non-brokered private placement of units of the Company at a price of $0.35 per Unit, for aggregate gross proceeds of up to $1,500,000. Each Unit will consist of one common share in capital of the Company and one-half of one Common Share purchase warrant . Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.50 for a period of 12 months from the date of issuance. The securities offered pursuant to the Offering will be subject to a statutory hold period of four months and a day from the date of issuance. The Company may pay the following finder's fees in connection with the Offering: a cash fee equal to 7% of the gross proceeds raised under the Offering from subscribers introduce...

Galiano Gold Inc. is pleased to report its first quarter 2024 operating and financial results for the Company. Galiano owns a 90% interest in the Asanko Gold Mine located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa. All financial information contained in this news release is unaudited and reported in United States dollars. Acquisition of Gold Fields Limited's 45% interest in the AGM On March 4, 2024, the Company completed the previously announced acquisition of Gold Fields Limited's 45% interest in the AGM joint venture . The strategic rationale of the Acquisition is to consolidate ownership of the AGM, one of the largest gold mines in West Africa, and establish Galiano as a growing gold producer with robust financial strength. Following the Acquisition,...

Karora Resources Inc. is pleased to announce senior management will host a conference call / webcast on May 13, 2024 at 10:00 a.m. to discuss the Corporation's first quarter 2024 results. The access information is provided below. Date: May 13, 2024 Time: 10:00 a.m. . North American callers please dial: 1-888-664-6383 Local and international callers please dial: 416-764-8650 To join the conference call without operator assistance, you may register and enter your phone number at the Callback Link to receive an instant automated call back and be placed into the call. The call may also be accessed using the Webcast Link . Karora plans to issue a news release containing the first quarter 2024 results before markets open in Toronto on Monday, May 13, 2024. A recording of the confer...

Santacruz Silver Mining Ltd. reports its financial and operating results for the fourth quarter and year end 2023. The full version of the financial statements and accompanying Management's Discussion and Analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR+ at www.sedarplus.ca. 2023 Highlights Processed 1,883,446 tonnes of material, a 14% increase year-over-year Produced of 22,641,052 silver equivalent ounces, a 25% increase year-over-year, including: 7,004,582 ounces of silver, a 25% increase year-over-year 91,616 tonnes of zinc, a 26% increase year-over-year 12,369 tonnes of lead, a 23% increase year-over-year 1,254 tonnes of copper, a 3% decrease year-over-year Cash cost per silver equivalent ounce sold of $18.96, an 8% increase year-over...

DESIGNATED PRESS RELEASE Sandstorm Gold Ltd. is pleased to announce that the Company has signed a definitive asset purchase agreement to sell a collection of non-core, non-precious metals royalties for cash proceeds of $21.0 million plus the retention of the next $10 million in proceeds from the Copper Mountain Royalty . In conjunction with accelerated deleveraging driven by recent non-core asset sales and the current commodity price environment, Sandstorm's Board of Directors has approved the use of the renewed Normal Course Issuer Bid allowing the Company to purchase its common shares from time to time when management believes the common shares are undervalued by the market . All dollar figures are in US dollars unless otherwise stated. Sale of Non-Core, Non-Precious Metals...

Capstone Copper Corp. today reported financial results for the three months and quarter ended March 31, 2024 . Copper production in Q1 totaled 42,121 tonnes at C1 cash costs1 of $2.88 per payable pound of copper produced. Link HERE for Capstone's Q1 2024 webcast presentation. John MacKenzie, CEO of Capstone, commented, "Our mines got off to a solid start in the first quarter as we executed on our operating plans and delivered strong financial results. The copper market has entered into the early stages of a new era, and we are positioned extremely well as our flagship Mantoverde mine ramps up to full production. During the quarter, we advanced the feasibility studies that we plan to release by mid-year for our MV-Optimized brownfield expansion and our nearby Santo Domingo proj...

TSXV:OIII | OTCQX:OIIIF - O3 Mining O3 Mining Inc. announces that it has terminated its option with Eldorado Gold Corp. to acquire the Aurbel Mill. Under the terms of the option agreement dated May 14, 2020 , the Corporation was granted an option to acquire a 100% interest in the Aurbel Mill, the tailings and all associated permits and liabilities, for a purchase price of C$5 million plus annual maintenance costs of C$87,500 per annum to maintain the mill option during the six-year term of the option. The decision to terminate the option aligns with O3 Mining's strategic focus on optimizing resource allocation towards the development of the Marban Alliance project, improving our mining engineering and estimation parameters, and pursuing potential pro...

Silver Bullet Mines Corp. is pleased to announce it has commenced test processing of silver mineralized material through its wholly owned state of the art processing plant in Arizona. The Material has been sourced from a property owned by an arm's length party, which property hosts a former producing silver mine in Arizona. The Material has assayed as high as 8 ounces per ton silver over multiple assays carried out by SBMI at the site of the former producing silver mine. Assay protocols for the Material are being drafted. The Material and this opportunity are in addition to the third party gold processing opportunity announced November 1, 2023. That gold processing opportunity is still being evaluated by SBMI and negotiations with the provider of the gold processing material ...