Argo Gold Inc.'s total 2023 oil production was 17,553 barrels for the company's first year as an oil producer in the Lloydminster area of Alberta, Canada. Argo's 2023 oil revenue was $952,692 and the company's net operating cash flow for 2023 was $665,917. Year 2023 Argo's oil production Argo's 2023 Oil Revenue Argo's 2023 net operating cash flow Lindbergh 1, Lindbergh 2, Lloyd 1 17,533 barrels $952,692 $665,917 About Argo Gold Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at www.sedarplus.ca and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange CSE: ARQ as well a...

NYSE American: UEC Uranium Energy Corp. or the "Company") applauds last night's vote by the United States Senate for passing H.R. 1042, a bill to ban Russian uranium imports into the United States, by unanimous consent. The House of Representatives passed the bill in December of 2023. Senator Barrasso of Wyoming stated: "I have fought for years to end America's reliance on Russian nuclear fuel. Our efforts have finally paid off with passage of our bill to ban these imports once and for all. Wyoming has the uranium to replace Russian imports, and we're ready to use it. Our bipartisan legislation will help defund Russia's war machine, revive American uranium production, and jumpstart investments in America's nuclear fuel supply chain. This is a tremendous victory. I'm grateful t...

Greenland Resources Inc. is pleased to announce the Company's ongoing progress on its Malmbjerg Molybdenum Project . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501324662/en/ Highlights: The permitting process announced on the April 2nd press release is continuing its due course with positive feedback received. Further updates will be announced. Over the past year, the Company has been making significant progress with its financial advisors and the mandated independent firms that work on behalf of the capex lenders. These independent firms are responsible to produce independent and free of conflict due diligence reports on engineering and environmental and social aspects that include Equator Principles and IF...

Giyani Metals Corp. CEO Danny Keating joined Proactive's Stephen Gunnion with news that the company is pushing quickly ahead with its flagship high-purity K. Hill manganese project in Botswana and the construction of a demonstration plant in Johannesburg.
The company has drawn down the first $5.7 million of a $16 million convertible loan facility secured from South Africa's Industrial Development Corporation .
In total, Keating said the company has completed a $26 million funding round, minimising shareholder dilution by combining equity and debt financing strategies. This funding supports the construction of the demonstration plant, which will play a crucial role in establishing credibility with potential customers through the production and consistent delivery of high-quali...

Sovereign Metals Ltd. managing director Frank Eagar joins Proactive's Stephen Gunnion with details of key developments.
The company has appointed Dr Surinder Ghag as chief technology officer for graphite, marking a strategic move to enhance its operations in graphite production, particularly for the lithium-ion battery industry. Garg, noted for his expertise in anode materials for batteries, is expected to play a critical role in developing Sovereign Metals' downstream test work programs.
Sovereign Metals also announced the procurement of an industrial-scale spiral concentrator, which will be used to increase graphite concentrate sample preparation at their Malawi facility. This equipment is intended to replicate the plant's future operations and i...

The Mosaic Company released its financial results for first quarter 2024. The company's earnings release and supplemental materials are available at https://investors.mosaicco.com/financials/quarterly-results. Mosaic will present a fireside chat addressing investor questions during a conference call on Thursday, May 2 at 11:00 a.m. Eastern Time, accessible both through Mosaic's website at https://investors.mosaicco.com, and the dial in numbers below. The webcast will be available up to at least one year from today's date. Conference Call Details: Dial-in number +1 877-883-0383 International Dial-in number +1-412-902-6506 Participant Elite Entry Number 1683304 Link to Webcast of the Conference Call: https://investors.mosaicco.com/events-and-presentations/default.aspx About The...

Nexus Minerals Ltd. managing director Andy Tudor joined Proactive's Stephen Gunnion with details of a significant expansion of the Crusader Templar resource at the Wallbrook gold project, which now exceeds 300,000 ounces. This growth is attributed to extensive drilling activities conducted throughout 2021 and 2022, with the resource update encompassing a more comprehensive analysis of the geology and mineralisation.
Tudor emphasised the higher quality of this resource, marked by a lowered cut-off grade that better reflects the deposit's specific characteristics. Economic factors have played a crucial role in the updated resource estimate, with increased emphasis on potential economic extraction prospects, which have been integrated into the 2024 Mineral Resource Estimate. The...

Dryden Gold Corp. announces that further to its news release of April 22, 2024 , regarding the share property payment to Alamos Gold Inc. pursuant to the terms of the option agreement, dated April 20, 2022, between the Company and Manitou Gold . The Company has received the necessary approval of the TSX Venture Exchange and has issued an aggregate of 6,377,551 common shares of Dryden Gold to Alamos at a price of $0.1568 per share for aggregate consideration of $1,000,000. All of the Shares will be subject to a hold period of four months and one day from the date of issuance. Immediately prior to the issuance of the Common Shares under the Option Agreement, Alamos had beneficial ownership of, or control or direction over, 8,056,795 Common Shares, a security holding percentage ...

South Star Battery Metals Corp. , is pleased to announce that Richard Vigil has been appointed as Vice President of Operations of the Company. Mr. Vigil is a mining engineer with an MBA specializing in international business and finance. He has 15 years of experience evaluating mines and projects globally but with a focus on the Americas. His expertise includes assessing the technical and economic merits of operations/projects and risks for international banks, stream and royalty companies, and being an independent technical mining consultant. He has evaluated mines/projects in graphite, gold, silver, lead, zinc, copper, uranium, molybdenum, iron ore, and metallurgical coal. His background as both a mining engineer in operations and as a technical advisor will contribute to S...

Empire Metals Ltd. managing director Shaun Bunn takes Proactive's Stephen Gunnion through key updates and strategic decisions impacting the company.
Bunn highlighted that the company secured all mineral rights for its Pitfield titanium project in Western Australia, which he said cleared up market confusion over rights entitlement. This consolidation under a single joint venture precludes third-party interferences in their operations, especially important for their titanium mineral project.
Additionally, he said Empire Metals decided not to proceed with the acquisition of the Staveley project in Victoria, opting to focus resources on the Pittsfield project, reflecting a strategic refinement towards more promising ventures.
The Pittsfield project has shown encoura...

TORONTO, May 1, 2024 /CNW/ - Trading resumes in: Company: i-80 Gold Corp. TSX Symbol: IAU.WT All Issues: No Resumption : 09:30 AM ET 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 beyond what is cont...

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...