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Cerro de Pasco Resources Closes a Subscription Receipt and Private Placement for a total of $2,845,000

Retrieved on:

Tuesday, April 2, 2024

MONTRÉAL, April 02, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that further to its news release of March 22, 2024, it has closed a second tranche of its previously announced non-brokered private placement offering of subscription receipts to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Key Points:

The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.
Under the second tranche, the Corporation has sold 10,150,000 subscription receipts of the Corporation (the “Subscription Receipts”) at a price of $0.10 per Subscription Receipt for aggregate gross proceeds of $1,015,000.
In total, the Corporation raised aggregate gross proceeds of $2,560,000 and issued 25,600,000 Subscription Receipts (the “Offering”).
Upon the satisfaction of the Release Conditions, 1) each Subscription Receipt will automatically be converted into a unit of the Corporation (“Unit”).

Cerro de Pasco Resources Secures Funds for Easement to Start Drilling Program on its “El Metalurgista” Mining Concession in Peru

Retrieved on:

Friday, March 22, 2024

Qiwllaqucha, Mine, Offering, Supreme, PB, SOL, CDPR, Warrant, FRA, Sale, News, Expiration date, Nature, National instrument, Share (finance), Easement, Acceleration, AG, Unit, Ministry, CAD, Mining, Person, Security (finance)

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that it has secured the funds to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Key Points:

At this time, we are not aware of any additional requirement that should be met for the granting of the easement and no further delays are expected.
With the Minister himself reiterating full support, the signature of the Supreme Resolution is expected imminently.
The enforceability of these rights has been formally confirmed by the General Mining Bureau of Peruvian Ministry of Energy and Mines.
The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.

The Lord of the Rings: Return to Moria™ Launches Alpha Version of Sandbox Mode – Available Today

Retrieved on:

Thursday, April 4, 2024

Tolkien, now includes an Alpha version of Sandbox Mode on the PC.

Key Points:

Tolkien, now includes an Alpha version of Sandbox Mode on the PC.
This update for The Lord of the Rings: Return to Moria also includes various UI updates and features and other improvements.
View the full release here: https://www.businesswire.com/news/home/20240404581717/en/
Watch a walkthrough of the new Game Update for The Lord of the Rings: Return to Moria on YouTube.
Sandbox Mode: Players who wish to explore Moria more freely can now experience the Alpha version of Sandbox Mode!

Holder Resources Commitment to Growth in Timber, Minerals & Mining in Resource Rich Guyana

Retrieved on:

Wednesday, April 3, 2024

Holder Resources Inc. (HRI), a Resource company growing sustainable logging and mining operation operations in Guyana – one the fastest growing economies in the world, today, unveiled their growth strategy for 2024.

Key Points:

Holder Resources Inc. (HRI), a Resource company growing sustainable logging and mining operation operations in Guyana – one the fastest growing economies in the world, today, unveiled their growth strategy for 2024.
View the full release here: https://www.businesswire.com/news/home/20240402796995/en/
Guyana is a vibrant South American nation characterized by its lush rainforests, pristine rivers, and diverse cultural heritage.
Holder Resources, Inc. is a company growing sustainable logging and mining operations in Guyana.
The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

Denarius Metals Provides Update on Startup Activities at Its Zancudo Project in Colombia and Its Aguablanca Project in Spain; Announces Grant of Stock Options

Retrieved on:

Thursday, February 29, 2024

Denarius, Engineering, PFS, EIS, Underground, Water, Sale, Mine, Vein, Social impact assessment, TSF, Qingdao Port, Environment, Ventilation, State, Mining

Serafino Iacono, Executive Chairman and CEO of Denarius Metals, commented, "The execution of activities to commence production at our Zancudo Project in 2024 remains on track.

Key Points:

Serafino Iacono, Executive Chairman and CEO of Denarius Metals, commented, "The execution of activities to commence production at our Zancudo Project in 2024 remains on track.
The Zancudo Project encompasses three adjoining mining concession contracts and one exploration license covering an area of approximately 1,054 hectares.
This permit allows the Company to start mining activities within this area at the Zancudo Project once the Environmental Impact Study ("EIS") is approved by Corantioquia, the local environmental authority.
The stock options will fully vest on the first anniversary of the grant date and are exercisable at CA$0.59 per common share for a five-year term to expiry.

Xanadu Mines Ltd (ASX Code: XAM) Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Retrieved on:

Wednesday, March 6, 2024

Mining, Part, Disclosure, Mine, The Act, Placement, Share, Lease

Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).

Key Points:

Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).
the New Shares were issued without disclosure under Part 6D.2 of the Act;
this notice is being given under section 708A(5)(e) of the Act;
as at the date of this notice, Xanadu Mines has complied with:
the provisions of Chapter 2M of the Act as they apply to Xanadu Mines; and
sections 674 and 674A of the Act as they apply to Xanadu Mines; and
as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) or 708A(8) of the Act that is required to be set out in this notice.
The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the Placement as an Eligible Interlisted Issuer.

5E Advanced Materials Advances Closer to Initial Commercial Production

Retrieved on:

Sunday, February 25, 2024

Prospectors, DOI, DOD, Mining, Marketing, 5E, Critical infrastructure, Interior, Government, Boron, Mine, ASX, Geological Society of London, PDAC, DOE, Ministry of Energy, Lithium

HESPERIA, Calif., Feb. 25, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (5E or the Company), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, provided an update on mining operations and related activities as it moves closer to initial production at the Company’s 5E Boron Americas Complex.

Key Points:

HESPERIA, Calif., Feb. 25, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (5E or the Company), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, provided an update on mining operations and related activities as it moves closer to initial production at the Company’s 5E Boron Americas Complex.
“This is an exciting time for all stakeholders of the Company as we finalize a number of initiatives that will see us commence initial production next quarter,” commented Susan Brennan, Chief Executive Officer of 5E Advanced Materials.
Extracted solution from the Company’s initial production wells has produced boric acid after laboratory crystallization.
5E intends to use product from initial production next quarter to complete product validation, which will be focused on product acceptance within a variety of boric acid consumers.

Imperial Provides Red Chris Update

Retrieved on:

Thursday, February 22, 2024

Copper, Imperial, Imperial Metals, Mineral, News, TSX, Feasibility study, Classification, Gold, College of Engineering (KNUST), National instrument, National Instrument 43-101, Mine, Mineral Resources Limited, Uranium mining

VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports that Newmont Corporation (Newmont) has updated its mineral reserves and resources estimates for the Red Chris project.

Key Points:

VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports that Newmont Corporation (Newmont) has updated its mineral reserves and resources estimates for the Red Chris project.
When the East Ridge drill results, and associated technical study has been completed, Imperial expects the Red Chris mineral resource to increase.
Imperial will update its mineral reserve and resource statement for Red Chris at the time that study is issued.
Newmont’s guidance for Red Chris mine production (100%) for 2024 is 85 million pounds of copper and 57 thousand ounces of gold.

Perseus Mining Half Year Results

Retrieved on:

Thursday, February 22, 2024

Person, Mining, Perception, Gold, Report, Mine, Mineral Resources Limited, Mineral, Uranium mining

This market announcement was authorised for release by the Board of Perseus Mining Limited.

Key Points:

This market announcement was authorised for release by the Board of Perseus Mining Limited.
The information in this release that relates to the Open Pit and Underground Mineral Resources and Ore Reserve at Edikan was updated by the Company in a market announcement “Perseus Mining updates Mineral Resources and Ore Reserves” released on 24 August 2023.
The information in this release that relates to the Mineral Resources and Ore Reserve at the Sissingué complex was updated by the Company in a market announcement “Perseus Mining updates Mineral Resources and Ore Reserves” released on 24 August 2023.
Perseus does not undertake to update forward-looking information, except in accordance with applicable securities laws.

IsoEnergy Provides Update on its U.S. Mine Restart Plans with Advancement of the Tony M Mine in Utah

Retrieved on:

Thursday, February 29, 2024

Tony, Collection, Underground, Uranium, Call, Mining, Energy & Fuels, Rehabilitation, EFR, Engineering, Corporate development, Nuclear energy, Mine, Ventilation, Vanadium, Corporation, Research, Uranium mining

Reopening of the Underground and Comprehensive Work Program – The Company plans to reopen the main decline into the Tony M mine and gain underground access by the end of H1-2024.

Key Points:

Reopening of the Underground and Comprehensive Work Program – The Company plans to reopen the main decline into the Tony M mine and gain underground access by the end of H1-2024.
As a result, and to support additional feed, IsoEnergy intends to deliver ore to the Mill in time for the restart of the uranium circuit.
Commencement into Multi-Asset Production – The reopening of the Tony M mine is a first step in IsoEnergy's plan to becoming a multi-asset uranium producer.
The Mill is the only operational conventional uranium mill in the U.S. with licensed capacity of over 8Mlbs of U₃O₈ per year.