The Board of Directors and the management team of Element79 Gold Corp. extend their congratulations to Sun Silver Ltd. for their successful initial public offering today. The offering was oversubscribed to its maximum limit of AUD $13,000,000 and Sun Silver shares began trading on the Australian Stock Exchange under the symbol SSI. Sun Silver comes to market at a time of growing investor interest in the silver industry, driven by growing demand for the metal from industrial and high-tech applications particularly the solar industry. Solar energy capacity in the USA alone is forecast to increase by 125GW per year to 2030, and the USA has set a target for solar energy to provide 30 per cent of all electricity in the United States by 2030 and 45% by 2050. The estimated amount of...

Lexston Mining Corp. is pleased to announce that further to its news release dated April 26, 2024, it closed a non-brokered private placement of $419,960 through the issuance of 6,999,333 units at a price of $0.06 per unit . Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at a price of $0.08 for two years from the date of issuance and will expire on May 15, 2026. The Private Placement was oversubscribed by $19,960. Company's directors Jagdip Bal, Clinton Sharples and Jatinder J. Manhas participated in in the Private Placement and purchased a total of 1,973,334 units. The Company paid finder's fee consisting of 8% cash and 8% broker warrants from raised proceeds as...

VANCOUVER, BC, May 15, 2024 /CNW/ - Trading resumes in: Company: Red Pine Exploration Inc. TSX-Venture Symbol: RPX All Issues: Yes Resumption : 10:15 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...

Wealth Minerals Ltd. , announces that Sulzer, a global technology leader focusing on energy security and transition, natural resource processing and the chemical process industries, has acquired a single-digit minority share in Wealth Minerals Ltd., a developer of premier "green minerals" projects based in Vancouver BC, Canada. The official announcement was made on May 15, 2024, in Winterthur, Switzerland, and Vancouver, Canada. Investing in Wealth Minerals Ltd. underscores Sulzer's commitment to advancing the green energy transition. With over 190 years of industry experience and a proven track record in sustainable technologies, Sulzer is ready to amplify Wealth Minerals` ambitions in developing environmentally sound Direct Lithium Extraction projec...

Ucore Rare Metals Inc. is pleased to comment on the US Government's announcement to strengthen the developing American electric vehicle market through increased tariffs on imports from the People's Republic of China to protect American workers and businesses. On May 14, 2024, the White House announced: "With extensive subsidies and non-market practices leading to substantial risks of overcapacity, China's exports of EVs grew by 70% from 2022 to 2023-jeopardizing productive investments elsewhere. A 100% tariff rate on EVs will protect American manufacturers from China's unfair trade practices." Simultaneously, the US Trade Representative issued a statement on Section 301 tariffs recommending a series of steps to eliminate the PRC's unfair trade practices, which include: "&helli...

Rover Critical Minerals Corp. is pleased to announce a non-brokered private placement financing for a minimum of $400,000 and a maximum of $800,000. The Company will issue $0.03 units. Each unit is priced at $0.03 and is comprised of one common share and one common share purchase warrant . The warrants on the Units have an exercise price of $0.05 per warrant share, with a life of three years. Assuming the financing is fully subscribed, there will be up to 26,666,667 common shares and 26,666,667 common share purchase warrants issued in connection with this financing, plus any finder's commission warrants. Further to the above announcement, Rover has received orders for $327,344 and has also received approval from the TSX Venture Exchange to close the first tranche of the Unit ...

Red Pine Exploration Inc. , further to its press releases of May 1, 2024, May 6, 2024, and May 10, 2024 , provides an update on the Company's investigations into the reporting inconsistencies in certain drill core assay results from the Wawa Gold Project. Investigation of Assay Reporting Inconsistencies The Company bifurcated its investigations into two periods: the period from 2014, when it acquired the Wawa Gold Project, until 2019 ; and the period from 2019 until the present day . In its press release of May 10, 2024, the Company reported on the 2014-2019 Period. The Company is now able to report on the Assay Reporting Inconsistencies for the 2019-2024 Period. The Company can report that there were 382 Assay Reporting Inconsistencies out of a total of 60,000 assay results ...

VANCOUVER, BC, May 15, 2024 /CNW/ - The following issues have been halted by CIRO Company: Usha Resources Ltd. TSX-Venture Symbol: USHA All Issues: Yes Reason: Pending News Halt Time : 9:15 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 provi...

Ashley Gold Corp. announces closing of fully subscribed non-brokered private placement financing for aggregate proceeds of $150,000 to advance the Howie, Tabor-Sakoose, and Burnthut Properties. Darcy Christian, CEO of Ashley comments "In the last two flow-through raises we have aligned with a family office that is very keen on both our gold and uranium assets. This group's strategy is long term investment in companies with high quality exploration properties and we are happy to build this relationship for the future." Financing Terms and Use of Proceeds The Offering is comprised of up to 1,500,000 units at a price of $0.10 per Unit for gross proceeds of up to $150,000. Each Unit is comprised of one Flow-Through common share and one-half of one non-flow through common share pu...

Globex Mining Enterprises Inc. is pleased to inform shareholders that Cartier Resources Inc. has provided an update on the progress of it's 2024 drill program on it's Chimo Mine Project, part of which was drilled on Globex's Nordeau West and Nordeau East royalty claims in Vauquelin Township, Quebec, east of the town of Louvicourt. A total of 48 holes totalling 9,347 m have been completed with 2,307 samples taken for assay of which 66% have been received to date, much of which were on Globex royalty claims. An additional 115 holes totalling 16,000 m is expected to be drilled to test an additional 6.0 km of favorable strike length, some of which will be on Globex's royalty claims. New reported drill results by Cartier include: - West Nordeau Zone: 7,7 g/t Au sur 2,0 m incluant 1...

VANCOUVER, BC, May 15, 2024 /CNW/ - The following issues have been halted by CIRO Company: Red Pine Exploration Inc. TSX-Venture Symbol: RPX All Issues: Yes Reason: Pending News Halt Time : 8:53 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 ...

Nickel 28 Capital Corp. is pleased to provide operational results for the quarter ending March 31, 2024 for the Company's largest asset; the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by the Metallurgical Corporation of China . Q1 2024 Ramu Highlights: Ramu Q1 2024 production of 8,282 tonnes of contained nickel in MHP, compared to 9,016 tonnes in the same period last year. Ramu Q1 2024 production of 767 tonnes of contained cobalt in MHP, compared to 798 tonnes in the same period last year. Ramu Q1 2024 nickel sales of 8,864 tonnes of contained nickel, compared to 7,914 tonnes in the same period last year. LME average nickel price of US$7.53/lb. in Q1 2024, a decrease of 36% f...

Awalé Resources , is pleased to announce Newmont has progressed to Phase 2 of the Earn-In agreement over the Odienné Joint Venture Project. This is a significant milestone that underscores the ongoing success and potential of the Odienné Gold-Copper Project through which Newmont could earn a further 14% interest via 10 million in exploration expenditure and defining a minimum 2 million ounce gold resource. "This potential investment of up to 10 million USD in exploration expenditure from Newmont paired with our recent $11.5 million CAD equity financing puts Awale on solid footing to continue to deliver exploration success at the Odienné project," said Andrew Chubb, CEO of Awalé Resources. This advancement is a testament to the Company's successful Phase 1 outcomes, which included positive ...