HECLA | Jotup

Hecla Files Early Warning Report in Respect of Cascadia Minerals

Retrieved on:

Friday, May 10, 2024

Mining, Minerals, Natural Resources, HL, Indian stock exchange, Suite, Acquisition, Security (finance)

After completion of this transaction, Hecla controls 7,830,512 Common Shares, being approximately 17.4% of the issued and outstanding Cascadia Common Shares, and warrants to acquire an aggregate of an additional 6,944,512 Cascadia Common Shares.

Key Points:

After completion of this transaction, Hecla controls 7,830,512 Common Shares, being approximately 17.4% of the issued and outstanding Cascadia Common Shares, and warrants to acquire an aggregate of an additional 6,944,512 Cascadia Common Shares.
Prior to the acquisition described above, Hecla controlled 7,274,956 Common Shares (being approximately 17.3% of the then issued and outstanding Common Shares) and controlled warrants to acquire an additional 6,388,956 Cascadia Common Shares.
Should Hecla exercise all warrants of Cascadia controlled by it, Hecla would hold, on a partially diluted basis, an aggregate of 14,775,024 Common Shares of Cascadia, constituting approximately 28.4% of the then-outstanding Cascadia Shares.
The Cascadia Common Shares and warrants were acquired for investment purposes by Hecla.

Dolly Varden Silver Announces $15 Million Bought-Deal Public Offering, With Participation by Eric Sprott

Retrieved on:

Monday, March 4, 2024

TSX Venture Exchange, Person, Mining, Income Tax Act, Sale, Supplement, Indian stock exchange, DV, NOT, Underwriting, Charity, Fury, Offering, Security (finance)

VANCOUVER, British Columbia, March 04, 2024 (GLOBE NEWSWIRE) -- Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as the sole bookrunner and co-lead underwriter, and together with Haywood Securities Inc. as co-lead underwriters, on behalf of a syndicate of underwriters, including Raymond James Ltd. (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 14,285,700 flow-through shares of the Company to be sold to charitable purchasers (each, a “Charity FT Share”) that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) at a price of $1.05 per Charity FT Share, for aggregate gross proceeds to the Company of $14,999,985 (the “Offering”). Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction.

Key Points:

Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction.
Copies of the Shelf Prospectus and, the Supplement to be filed in due course in connection with the Offering, will be available on SEDAR+ at www.sedarplus.ca .
The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering.
In connection with the Offering, the Underwriters will receive an aggregate cash fee equal to 5.0% of the gross proceeds of the Offering.

Western Uranium & Vanadium Bolsters Mining Team to Scale-Up Uranium Production

Retrieved on:

Tuesday, January 30, 2024

P.E, Lead, Zinc, Geology, History, Mining engineering, Uranium, Gold, Engineering, WUC, Uranium mining

During his 22 years in the mining business, Mr.Rutter has gained extensive experience in conventional uranium and vanadium mining and mineral processing.

Key Points:

During his 22 years in the mining business, Mr.Rutter has gained extensive experience in conventional uranium and vanadium mining and mineral processing.
This includes roles as Maintenance and Operations Superintendent for Energy Fuel Inc.’s production in Utah, Colorado, and Arizona.
His experience in the mining industry spans over 38 years, with over 28 years in uranium mining and milling.
We witnessed significant progress during 2023, the strategic reinforcement of our mining team will further expedite mine development and operations.

VIDEO - Cascadia Minerals: Unlocking the Potential of Copper and Gold Exploration CEO Clips Video

Retrieved on:

Tuesday, October 17, 2023

Gold, Acquisition, Copper, Mining

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2023) - Cascadia Minerals Ltd. (TSXV: CAM) - Cascadia Minerals, a dynamic company that arose from Hecla's acquisition of Aztec Resources.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2023) - Cascadia Minerals Ltd. (TSXV: CAM) - Cascadia Minerals, a dynamic company that arose from Hecla's acquisition of Aztec Resources.
Their flagship project in central Yukon has garnered attention for its abundant copper and gold mineralization at the surface, presenting promising prospects for future exploration.
Cascadia is currently conducting its inaugural diamond drill program, with the anticipation of discovering valuable sulphides and high-grade materials.
Bolstered by strong support from shareholders like Hecla and Barrick, Cascadia Minerals is poised for an exciting journey in copper and gold exploration.

Hecla Completes Acquisition of ATAC Resources and Restarts Casa Berardi

Retrieved on:

Monday, July 10, 2023

Mining, Minerals, Natural Resources, Connacht, ATAC, Silver, Keno Hills, Gold, Acquisition, HL, Casa Berardi Mine, TSX, ATC, NYSE, Calumet and Hecla Mining Company

Hecla Mining Company ( NYSE:HL ) (“Hecla”) and ATAC Resources Ltd. (TSX:ATC) (“ATAC”) announced today the completion of the ATAC acquisition.

Key Points:

Hecla Mining Company ( NYSE:HL ) (“Hecla”) and ATAC Resources Ltd. (TSX:ATC) (“ATAC”) announced today the completion of the ATAC acquisition.
“With the ATAC acquisition, we continue to execute our strategy of acquiring large land packages with significant exploration potential in favorable mining jurisdictions,” said Phillips S. Baker, Jr., Hecla President & CEO.
Hecla also announced that Casa Berardi successfully restarted operations on June 29th following the partial lifting of Quebec’s ban on access to the road to the mine.
The impact of the suspension and restart on Casa Berardi’s production and cost guidance are expected to be updated in the second quarter earnings release.

Spin-Outs in Mining Sector: The Emergence of Independent Growth-Oriented Ventures

Retrieved on:

Friday, March 17, 2023

Lithium, FT, Communication, EVR, Miner, Thacker Pass Lithium Mine, PIL, Motion, Acquisition, Risk, News, NYSE, Mining, ATAC, Policy, FNM, Research, Vale S.A., Coal, FMI, MIQ, TSX, Security (finance), ATC, Metal, NOT, Hecla Mining, LOI, Advertising, Heel, Water, HL, Rainy River District, General Motors, Crystallization, Teck Resources, Form 10-K, Usha, OTC, Copper, Annual report, Iron ore, Cryptocurrency, Vale Canada, Spin-off (media)

VANCOUVER, B.C., March 17, 2023 /PRNewswire/ -- USA News Group - Spin-out opportunities in the mining sector can generate mixed reactions from the market when they arise, depending on how they're handled. And this year is no different as multiple opportunities are arising, with much of the headlines going towards talk of Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) exploring splitting off its steelmaking coal operations into a spin-out company worth an estimated $11 billion, in order to focus on copper and other "future-friendly" metals. Now other miners large and small are exploring their spin-out playbooks, including Usha Resources Ltd. (TSXV:USHA) (OTCQB:USHAF), Vale S.A. (NYSE:VALE), and Hecla Mining (NYSE:HL) with Atac Resources Ltd. (TSXV:ATC) (OTCQB:ATADF).

Key Points:

Back in December, the spin-out was overwhelmingly approved by USHA's shareholders, garnering support from 99.76% of the votes cast.
By January, USHA obtained its final court order approval of the spin-out, which officially started the transaction in motion.
Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Spin-Outs in Mining Sector: The Emergence of Independent Growth-Oriented Ventures

Retrieved on:

Friday, March 17, 2023

VANCOUVER, B.C., March 17, 2023 /PRNewswire/ -- USA News Group - Spin-out opportunities in the mining sector can generate mixed reactions from the market when they arise, depending on how they're handled. And this year is no different as multiple opportunities are arising, with much of the headlines going towards talk of Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) exploring splitting off its steelmaking coal operations into a spin-out company worth an estimated $11 billion, in order to focus on copper and other "future-friendly" metals. Now other miners large and small are exploring their spin-out playbooks, including Usha Resources Ltd. (TSXV:USHA) (OTCQB:USHAF), Vale S.A. (NYSE:VALE), and Hecla Mining (NYSE:HL) with Atac Resources Ltd. (TSXV:ATC) (OTCQB:ATADF).

Key Points:

Back in December, the spin-out was overwhelmingly approved by USHA's shareholders, garnering support from 99.76% of the votes cast.
By January, USHA obtained its final court order approval of the spin-out, which officially started the transaction in motion.
Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Hecla Completes Acquisition of Alexco Resource Corp

Retrieved on:

Wednesday, September 7, 2022

Hecla Mining Company ( NYSE:HL ) (Hecla) and Alexco Resource Corp. ( NYSE American:AXU; TSX:AXU ) (Alexco) announced today completion of the Alexco acquisition.

Key Points:

Hecla Mining Company ( NYSE:HL ) (Hecla) and Alexco Resource Corp. ( NYSE American:AXU; TSX:AXU ) (Alexco) announced today completion of the Alexco acquisition.
As part of the acquisition, Hecla issued 17,992,875 million shares of its common stock to Alexco shareholders for a total consideration of approximately $69 million based on a share exchange ratio of 0.116 of a Hecla share for each Alexco common share.
Concurrent with the acquisition, the silver streaming interest at Alexcos Keno Hill property held by Wheaton Precious Metals Corp was terminated in exchange for US$135 million of Hecla common stock, in the form of 34,800,989 million shares of Hecla common stock based on the 5-day VWAP of $3.88 per share.
As part of the transaction, Hecla provided Alexco with a US$30 million secured loan facility, of which US$25 million was drawn when the transaction closed.

Dolly Varden Silver Announces $5.3M Investment by Hecla

Retrieved on:

Wednesday, February 23, 2022

VANCOUVER, BC, Feb. 23, 2022 /PRNewswire/ -Dolly Varden Silver Corporation ("Dolly Varden" or the "Company") (TSXV: DV) (OTC: DOLLF) is pleased to announce that Hecla Canada Ltd. ("Hecla") gave notice of their intent to invest $5.3 million dollars concurrent with thecompletion of the previously announced transaction whereby Dolly Varden will acquired a 100% interest in the Homestake Ridge gold-silver project ("Homestake Project"), located adjacent to the Dolly Varden Project ("DV Project") in the Golden Triangle, British Columbia (the "Transaction").

Key Points:

VANCOUVER, BC, Feb. 23, 2022 /PRNewswire/ -Dolly Varden Silver Corporation ("Dolly Varden" or the "Company") (TSXV: DV) (OTC: DOLLF) is pleased to announce that Hecla Canada Ltd. ("Hecla") gave notice of their intent to invest $5.3 million dollars concurrent with thecompletion of the previously announced transaction whereby Dolly Varden will acquired a 100% interest in the Homestake Ridge gold-silver project ("Homestake Project"), located adjacent to the Dolly Varden Project ("DV Project") in the Golden Triangle, British Columbia (the "Transaction").
Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia.
The DV Project consists of the namesake Dolly Varden silver property that hosts a unique pure silver mineral resource as well as the nearby Big Bulk copper-gold porphyry property.
View original content to download multimedia: https://www.prnewswire.com/news-releases/dolly-varden-silver-announces-5...
SOURCE Dolly Varden Silver Corp.

Globex Acquires Royalty on Large Quebec Land Package

Retrieved on:

Monday, October 25, 2021

Gold, Geo, Map, NI, CEO, RN, Granite, Music

This royalty area includes numerous showings and drill indicated areas of gold and base-metal mineralization both in the pluton and within the volcanic rocks.

Key Points:

This royalty area includes numerous showings and drill indicated areas of gold and base-metal mineralization both in the pluton and within the volcanic rocks.
Globex is pleased to have acquired the royalty which was paid for by the issuance of 150,000 Globex shares.
Please see the adjoining map which shows the RN Mining Camp Royalty purchase area outlined in black and other royalties and properties held in the immediate area by Globex.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.)