Mining

Thursday Aug 08, 2024 - 10:26 am

InvestorNewsBreaks – Canada Nickel Company Inc.’s (TSX.V: CNC) (OTCQX: CNIKF) Reid Property Continues to Deliver ‘Excellent’ Assay Results

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) today announced positive assay results for 13 holes from its ongoing 2024 exploration program at its Reid property. According to the announcement, all 34 holes drilled this year at Reid have intersected long intervals of targeted mineralized dunite and minor peridotite. Key highlights from the ongoing program include the best Reid interval to date, characterized by 661 meters of…

Thursday Aug 08, 2024 - 9:47 am

InvestorNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Q2, H1 2024 Financial Results Report

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on its second-quarter and half-year 2024 results for the period ended June 30, 2024. The report showed stronger financial results, improved liquidity and capital resource, and steady gold and silver production. The company will be hosting a conference call and webcast today to discuss…

Wednesday Aug 07, 2024 - 11:01 am

InvestorNewsBreaks – Independence Contract Drilling Inc. (NYSE: ICD) Releases Q2 2024 Financial Results

Independence Contract Drilling (NYSE: ICD), a company that provides land-based contract drilling services for oil and natural-gas producers in the United States, is reporting its Q2 2024 financial results for the three-month period ended June 30, 2024. Notable numbers from the report include a net loss of $16.7 million, or $1.15 per share, with adjusted net loss of $10.6 million, or $0.73 per share. Adjusted EBITDA totaled $8.5 million, representing a 28%…

Tuesday Aug 06, 2024 - 11:37 am

InvestorNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Schedules Conference Call to Discuss Q2 2024 Results

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is announcing the date for its upcoming conference call and webcast. The call is slated to begin at 11 a.m. EDT on Aug. 8, 2024. During the call, management will discuss the company’s second-quarter 2024 financial results as well as project developments. The call will also…

Thursday Aug 01, 2024 - 9:52 am

InvestorNewsBreaks – Standard Lithium Ltd. (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L) Appoints David Park as Next CEO

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, today announced that effective September 1, 2024, Robert Mintak will retire as Chief Executive Officer and remain engaged as an advisor through August 2025. Following Mr. Mintak’s retirement, David Park will assume the position of Chief Executive Officer effective September 1, 2024. Over the past year, David Park has been…

Thursday Aug 01, 2024 - 9:31 am

InvestorNewsBreaks — Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Names New CFO

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element (“REE”) and uranium sectors, is reporting a change in its chief financial officer position. According to the announcement, Brian Crawford will become CFO, following the retirement of current CFO Frank van de Water, effective today; van de Water will remain as an active member of…

Wednesday Jul 31, 2024 - 11:29 am

InvestorNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Reports on Additional Results from Infill Drilling Campaign at Crawford PGM Zone

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, is reporting on additional results from its drilling program at its Crawford project. The program is targeting the PGM zones that occur along the Crawford Main and East Zone boundaries and within the existing mine plan outlined in the Crawford Nickel Project feasibility study. The report noted that…

Tuesday Jul 30, 2024 - 2:32 pm

InvestorNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) Reports on SASB West Akcakoca-1 Well Perforations, Releases Production Update

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, has released an update on perforations of the West Akcakoca-1 well at the SASB gas field and a progress update. The gas field is located in the southwestern Black Sea. According to the update, the remaining three perforation intervals at the West Akcakoca-1 well have…

Tuesday Jul 30, 2024 - 1:02 pm

InvestorNewsBreaks – Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Reports Second Shipment of Copper Concentrates to Anglo-American

Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF), a battery minerals company providing shareholders exposure to the global megatrend of electrification, has sent a second shipment of copper concentrates related to the offtake agreement with Anglo American Sur. S.A., a division of Anglo-American PLC. According to the announcement, Battery Minerals Resources shipped 751.65 dry metric tonnes of copper concentrates to Anglo's Chagres smelter in Catemu, Chile.…

Tuesday Jul 30, 2024 - 9:53 am

InvestorNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Shares Progress on Its Iska Iska Silver-Tin Polymetallic Project in Southern Bolivia

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, today provided an update on its Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. According to the company, substantive progress has been made on the preliminary economic evaluation (“PEA”), which is focusing on the Ag-Zn-Pb-Sn mineralization.…

Monday Jul 29, 2024 - 1:19 pm

InvestorNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Shares Status Report on Crawford Project Optimization, Pilot Plant Operation

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has successfully completed further metallurgical testing on the Crawford East Zone material. The testing was initiated earlier this year with the objective of increasing confidence in the recovery and concentrate quality estimates and evaluate optimization opportunities for the East Zone. According to the company, the testing revealed opportunity…

Monday Jul 29, 2024 - 9:26 am

InvestorNewsBreaks — Torr Metals Inc. (TSXV: TMET) Files Petition in BC Supreme Court Regarding Denial of Exploration Permit

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, is challenging the denial of an exploration permit for its Latham Copper Project. The company announced that it has initiated judicial review proceedings against the government of British Columbia (“BC”) in the BC Supreme Court. The Latham Copper Project is located in the province’s prolific Golden Triangle.…

Wednesday Jul 24, 2024 - 1:36 pm

InvestorNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82) Continues to Make ‘Significant Steps Forward’ Along Its Strategic Path

Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company with projects in Namibia, Brazil and Canada, today provided an update on matters pertaining to its strategic path. The update covered some key improvements, changes and progress made over the last three months, including steps taken to significantly reduce expenses in Namibia, Canada and Brazil by a total of $115,000 per month; the sale of…

Wednesday Jul 24, 2024 - 11:43 am

InvestorNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Update on SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided an update on the flow rates and well perforations at the SASB gas field. According to the update, the well head pressure (“WHP”) at South Akcakoca-2 has stabilized at 371 psi, with the well recently producing 1.94 MMcf/d…

Tuesday Jul 23, 2024 - 9:16 am

InvestorNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Schedules Webcast, Conference Call to Discuss Q2 2024 Earnings Report

Energy Fuels (NYSE American: UUUU) (TSX: EFR), an industry leader in uranium and rare earth elements production for the energy transition, has scheduled a conference call and webcast. The company announced that the event will be held on Aug. 5, 2024, at 10 a.m. MT. During the webcast, management will discuss the financial results from the company’s second quarter 2024 financial report, which will be…

Thursday Jul 18, 2024 - 2:25 pm

InvestorNewsBreaks – GEMXX Corp. (GEMZ) Capitalizing on High-Potential Opportunities in Energy Sector

GEMXX (OTC: GEMZ), a publicly traded exploration company engaged in gold, gemstones, oil and gas, recently signed a definitive agreement with Latin Energy Partners (“LEP”) to drill four test wells in a promising geological formation in Latin America. “This strategic venture represents a significant milestone in GEMXX’s expansion into the energy sector, highlighting the company’s dedication to diversification, growth and enhancing shareholder value. Latin Energy…

Wednesday Jul 17, 2024 - 10:05 am

InvestorNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Confirms Attractiveness of Target IV IAC Deposit with Release of Latest Desorption Test Results

Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0) has announced the latest desorption test results for rare earth elements (“REE”) from the Target IV Ionic Adsorption Clay (“IAC”) deposit at the PCH project in Goias, Brazil. According to the announcement, a total of 182 samples from 17 Reverse Circulation (“RC”) drillholes were sent to ALS Laboratories in Lima, Peru, with the results consistently confirming the REE…

Tuesday Jul 16, 2024 - 1:45 pm

InvestorNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Issues Update on SASB Program

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided an operational update for the SASB gas field well intervention program. “The fantastic response of South Akcakoca-2 once the water was lift off the perforations indicates that the reservoirs will produce the gas they contain once the water…

Monday Jul 15, 2024 - 9:49 am

InvestorNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Collaborates with Chamber of Commerce to Unveil Documentary

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has released a documentary film. The company partnered with the Canadian Bolivian Chamber of Commerce to create the film, a short documentary titled “Viva Tupiza! Viva Bolivia!” The film was made in Bolivia in the Tupiza area where Eloro’s Iska Iska silver-tin polymetallic project is located. A silver-tin polymetallic project,…

Friday Jul 12, 2024 - 2:15 pm

InvestorNewsBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Enhancing Asset Portfolio with Fully Funded Phase II Drilling Program

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) is an advanced-stage gold exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project located in the Tier 1 district of the Southern Abitibi Greenstone belt of Rouyn-Noranda, Quebec. “The company announced an ambitious 8,000-meter drill program and 8,000-meter of historical core assaying at its Duquesne West Gold Project.…

Friday Jul 12, 2024 - 1:45 pm

InvestorNewsBreaks – Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Poised as 2024 Promises to Be ‘Milestone Year’

Tartisan Nickel (CSE: TN) (OTCQB: TTSRF), a Canadian mineral and battery material exploration and mining development company, recently announced an ambitious plan to complete an all-season access road at its flagship Kenbridge Nickel Project in Ontario. “As a critical initiative for the 2024 calendar year, its management noted its integral role in improving the property’s value, aligning with Indigenous communities… To live up to its…

Friday Jul 12, 2024 - 12:40 pm

InvestorNewsBreaks – GEMXX Corp. (GEMZ), Partner Positioned to Establish Footprint in Global Oil and Gas Market

GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone and jewelry producer with global reach, recently entered a significant collaboration with Latin Energy Partners (“LEP”), an emerging leader and independent E&P company involved in the exploration of significant hydrocarbon reserves in Latin America. “GEMXX and LEP have defined the terms to jointly drill four test wells in a promising geological formation in a Latin American country. This…

Friday Jul 12, 2024 - 10:51 am

InvestorNewsBreaks — Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Receives Final Court Approval for New GMIN Plan of Arrangement

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has received the final order from the Ontario Superior Court of Justice (Commercial List) approving the company’s previously announced plan of arrangement. According to the announcement, the company has formed a new entity and been incorporated; the new company will hold and manage the combined business of Reunion Gold and G…

Thursday Jul 11, 2024 - 2:30 pm

InvestorNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned as Standout Opportunity for Investors

McEwen Mining’s (NYSE: MUX) (TSX: MUX) share price has shown a remarkable gain of 62.1% over the last 12 weeks, indicating strong momentum and robust performance in the market. “This trend of sustained positive momentum over time is a key indicator of the stock’s potential for continued growth, making it an attractive option for those looking to capitalize on price strength… McEwan Mining’s financial health…

Thursday Jul 11, 2024 - 10:55 am

InvestorNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Releases Core Review Report on ‘Blue Sky’ Potential at Mal Lake

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an exploration company targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market, is reporting results of its recently completed core review of the historic Mal Lake Nickel occurrence. According to the announcement, the historic Mal Lake drill core is available through the Saskatchewan Ministry of Energy and Resources' Precambrian Geological Laboratory in La…

Wednesday Jul 10, 2024 - 11:49 am

InvestorNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Featured in Syndicated Broadcast

Torr Metals Inc. (TSX.V: TMET), a Canada-based company focused on advancing promising early-stage district-scale mineral properties, today announced that it was featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio release covers news of the Ontario government’s granting of a three-year exploration permit to…

Wednesday Jul 10, 2024 - 9:27 am

InvestorNewsBreaks — Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Reports on Voting Results from Recent Annual General Meeting

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has released voting results from its annual general and special meeting of the holders of common shares, the holders of options to purchase shares and shareholders. The meeting was held July 9, 2024. According to the report, those in attendance voted in favor of a proposed special resolution to approve the…

Wednesday Jul 10, 2024 - 9:06 am

InvestorNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Closes on Auramet International $15M Loan Facility

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has closed on a previously announced secured loan facility with Auramet International Inc. One of the largest physical precious-metals merchants in the world, Auramet has more than $20 billion in annual revenues and offers a full range of services to participants in the precious-metals supply chain. According to the…

Tuesday Jul 09, 2024 - 1:04 pm

InvestorNewsBreaks – Panther Minerals Inc. (CSE: PURR) (OTC: GLIOF) Featured in Article Covering the Role of Nuclear Power in AI Datacenter Growth

Financial Gambits recently published an article that discusses the increasing energy demands of artificial intelligence (“AI”) workloads and the potential role of nuclear power in meeting these demands. Tech giants Alphabet (which owns Google), Amazon, and Microsoft have invested $40 billion in data centers from January to March (https://ibn.fm/BgGck) to handle AI workloads, highlighting the significant energy consumption of tools like ChatGPT. AI's energy needs…

Wednesday Jul 03, 2024 - 9:23 am

InvestorNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Holds Annual Meeting of Shareholders, Reports on Voting Results

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is announcing the results from voting during its Annual Meeting of Shareholders; the meeting was held on June 27, 2024. According to the announcement, a total of 26,845,690 shares were voted, which represented an estimated 54.33% of the 49,408,775 outstanding shares entitled to vote. Three items…

Friday Jun 28, 2024 - 9:23 am

InvestorNewsBreaks — Laredo Oil Inc. (LRDC) Subisidary Begins Drilling on Well in Montana-Based Midfork Location

Laredo Oil (OTC: LRDC),an oil exploration and production company, and its wholly owned subsidiary, Hell Creek Crude LLC, have started drilling the Reddig 11-21 well in the Midfork field located in Valley County, Montana. According to the announcement, the well is the first of three production wells that the company, which operates in the Midfork field, plans to drill. “The Reddig 11-21 well was spudded,” said…

Thursday Jun 27, 2024 - 2:31 pm

InvestorNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Aims to Capitalize on Rising Demand for Copper

Torr Metals Inc. (TSX.V: TMET), a Canada-based mineral exploration company advancing mineral properties in Ontario and British Columbia, aims to unlock the potential of its 100%-owned gold and copper projects with a focus on cost-effective exploration and development aided by proximity to existing major infrastructure. “TMET’s exploratory activities sync with favorable market conditions driven by the burgeoning renewable energy and electric vehicle industries. Limited copper…

Thursday Jun 27, 2024 - 10:54 am

InvestorNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Provides Proposed Summer 2024 Exploration Program at Epworth Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and Virginia, USA, today announced the proposed summer 2024 exploration program at its Epworth sediment hosted copper-silver-zinc-cobalt project located 80 km southeast of Kugluktuk in Nunavut, Canada. Key highlights included >2 million in flow-through funds to be used this season, with additional funding also…

Tuesday Jun 25, 2024 - 12:45 pm

InvestorNewsBreaks – GEMXX Corp. (GEMZ) Announces Strategic Board Appointment

GEMXX (OTC: GEMZ) today announced that Ali S. Abood has joined the board of its primary investment target, Latin Energy Partners. According to the announcement, the addition to the board aligns with GEMXX’s commitment to strengthen its investment portfolio and expand its influence in the global energy sector. Abood brings a wealth of experience in international business, finance and consultancy, with a particular focus on…

Tuesday Jun 25, 2024 - 9:30 am

InvestorNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports on $70M Private Placement, Funds to Support Los Azules Copper Project

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on a nonbrokered private placement financing. According to the announcement, the private placement is comprised of up to 2,333,333 common shares of its wholly owned subsidiary McEwen Copper Inc. The shares were offered at a subscription price of $30 per common share, resulting in gross proceeds of up…

Monday Jun 24, 2024 - 10:50 am

InvestorNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Secure C$17.1M Royalty Package for Storm Copper Project

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, along with its joint venture partner American West Metals Limited, has entered into a binding funding agreement with Australian-based Taurus Mining Royalty Fund L.P. According to the announcement, Taurus will provide up to $12.5 million under a royalty package…

Monday Jun 24, 2024 - 9:33 am

InvestorNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF), Financing Partner Announce $15 Million Loan Facility

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has arranged a $15 million loan facility with Auramet; the transaction is expected to close on or before July 9, 2024. According to the announcement, the loan, which will be due Jan. 9, 2025, has an interest rate of 1% per month with a 2.5% arrangement fee and is subject to customary…

Friday Jun 21, 2024 - 9:13 am

InvestorNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Report on Fox Complex, Notes Update on Production and Preconstruction Activities

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on the progress at the Fox Complex, where McEwen is advancing a new mine on the Stock Property. According to the announcement, production is expected to start in the second half of 2025, with pre-construction activities of the stock portal already begun. The company…

Thursday Jun 20, 2024 - 12:32 pm

InvestorNewsBreaks – Torr Metals Inc.’s (TSXV: TMET) Final Assay Results from Kolos Rock Sampling Program Spotlighted in Syndicated Broadcast

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, has been featured in a NetworkNewsAudio (“NNA”) broadcast. The broadcast Torr Metal’s announcement of the final assay results from its 2023 rock sampling program focused on the Vik Zone at its Kolos Copper-Gold Project. “We are strongly encouraged by these promising results, which validate our meticulous exploration strategy at the Kolos Project,” said Torr Metals president…

Thursday Jun 20, 2024 - 10:32 am

InvestorNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Receives New Exploration Permit, Commences Exploration Field Activities at the Gochager Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, today announced the recent receipt of all necessary permits to continue exploration activity at its Gochager Lake project. The company also announced the commencement of exploration field activities at the project, with field crews already mobilized. According to the announcement, the exploration permit, which expires July…

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