Cyprium Metals announces deeply discounted placement

Cyprium Metals Limited (ASX: CYM)

Announced a capital raising via a placement and a pro rata non‐renounceable rights issue to raise up to approximately $26 million before costs.

The Company has received firm commitments in respect of a placement to issue approximately 139.1 million new shares at 11.5 cents each.  […]  Continue reading

Newcore Gold – C$5 Million Bought Deal Financing

Newcore Gold (TSX.V: NCAU)

Announced it has entered into an agreement with a syndicate of underwriters led by Stifel GMP pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 16,700,000 common shares of the Company at a price of  $0.30 per share, to raise $5,010,000 gross.  […]  Continue reading

Cyprium Metals Secures a AUD50M Offtake Facility

Cyprium Metals (ASX: CYM)

Announced that it has entered into an exclusive Letter of Intent with Glencore for AUD$50 million in respect of a Copper Cathode Offtake Secured Prepayment Facility which will be used for funding the Nifty Copper, as part of the debt financing for the restart of the Nifty Copper Project, which includes capital expenditure, contingencies, working capital, and financing costs.  […]  Continue reading

Banyan Gold Financing Raises up to $16.5 Million

Banyan Gold Corp.(TSX.V: BYN)

Announced a fully subscribed non-brokered private placement of up to $16,497,799.80 in gross proceeds.

The Private Placement will consist of 16,210,500 Charity Flow Through Shares priced at $0.63, 4,974,000 Flow Through Shares priced at $0.55, and 7,887,744 Shares priced at $0.45.  […]   Continue reading

Mining review Sunday Update 26th June 2022

Mining review Sunday Update 26th June 2022

Another poor week for the mining juniors, but we have to remember we are in the midst of the summer doldrums and this is traditionally a poor time for gold and gold mining stocks.

Chile flexed its muscles regarding the EIA for RIO2 (RIO.V), with them being told their document is deficient, which MAY mean they have to revisit some sections which could cause up to a year’s delay in construction. Continue reading

Lithium Power Consolidate Ownership of Maricunga

Lithium Power International (ASX: LPI)

Announced it has entered into definitive binding agreements to consolidate 100% ownership of the Maricunga Lithium Brine project in Chile via two all scrip mergers with its JV partners, Minera Salar Blanco SpA  and Bearing Lithium Corp. (TSX.V: BRZ) […]  Continue reading

Minera Alamos Cerro De Oro Surface Rights Agreed

Minera Alamos Inc. (TSX.V: MAI)

Announced that it is in receipt of surface rights agreements for its Cerro De Oro gold project in northern Zacatecas, Mexico.

The agreements, finalized at meetings held last week will allow the Company to finish remaining activities necessary for the Permit Application submission for the project.  […]  Continue reading

GoldMining Inc. Options Almaden to NevGold

GoldMining Inc. (TSX: GOLD; NYSE: GLDG)

Announced that it has entered into an option agreement with NevGold Corp. and its subsidiary (TSXV:NAU) whereby NevGold’s subsidiary may acquire a 100% interest in the Company’s Almaden Project, located in Idaho, U.S.A.

The Agreement provides for total cash and/or share consideration to the Company from NevGold of up to C$16.5 million. [..] Continue reading

Uranium Energy Corp. Acquires UEX Corporation

Uranium Energy Corp. (NYSE American: UEC)

UEC and UEX Corporation (TSX:UEX), are pleased to announce they have entered into a definitive arrangement agreement, pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX by way of statutory plan of arrangement.  […]  Continue reading

Mining Review Sunday Update PDAC 2022 Edition

Mining Review Sunday Update PDAC 2022

Another poor week for the junior mining sector as prices slid further downwards, with the TSX Venture Exchange Index down 9% in a week.

It was the week that Osisko Development announced the temporary closure and care and maintenance of the former Barkerville Gold’s Bonanza Ledge Mine in the Cariboo, due to the higher costs of mining.  […]  Continue reading

Osisko Development Close Barkerville Gold Mine

Osisko Development (TSX.V: ODV)

Announced that the former Barkerville Gold Mine at Bonanza Ledge in the Cariboo has been temporarily closed, and put on to care and maintenance, as a result of escalating costs effecting the mining industry.

Is this the first of many such closures due to escalating fuel prices and wages we ask ourselves?  […]  Continue reading

PDAC 2022 – Day 2

PDAC 2022 – Day 2 was much quieter

After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.

The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors!  Continue reading

PDAC 2022 – Day 1 – Far Busier Than I Expected

PDAC 2022 – Day 1

I have to admit to being totally wrong about the numbers for the 2022 PDAC, as I saw unprecedented queues to register and enter the show Monday, the opening day.

Some people had to wait three hours from being held outside the building due to congestion in registration, to actually being handed their badge to enter the show. Continue reading

Toronto Metals Investor Forum Very Quiet

City Investors Circle

The Toronto Metals Investor Forum June 2022 followed the patern of recent mining conferences I have participated in, in being very lightly attended.

The only exception being the Global Mining Finance Conference in London a few days ago, which was full to capacity.  […]  Continue reading