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
Cabral Gold (TSX.V: CBR)
Announced the closing of its previously announced brokered private placement, consisting of a total of 10,038,358 units of the Company at a price of $0.30 per Unit for aggregate gross proceeds to the Company of approximately $3,011,507.40 […] Continue reading
Minera Alamos (TSX.V: MAI)
Announced that it proposes to complete a non-brokered private placement of 7,950,000 common shares of the Company at a price of $0.55 per Share, for gross proceeds of $4,372,500.
The proceeds from the Offering will be used to advance the Cerro de Oro gold project. […] Continue reading
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 (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 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
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
Osisko Development Corp. (TSX.V: ODV)
Announced the remaining and final drilling results from the 2021 exploration and category conversion drill campaign of its Cariboo Gold Project in central British Columbia.
This is the former Barkerville Gold property. […] Continue reading
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 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. (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. (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
Gold Road Resources (ASX: GOR)
Reported that they now hold in excess of the required 80% acceptances for their takeover for DGO, so the deal will now conclude.
GOR now hold 72,018,039 yes votes, or 85.85%, well in excess of the required minimum. […] Continue reading
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 (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
Orla Mining (TSX: OLA)
And Gold Standard Ventures Corp. have entered into a definitive agreement whereby Orla will acquire all of the issued and outstanding shares of Gold Standard by way of a court-approved plan of arrangement. Continue reading
PDAC 2022 – Day 3
The conference was quiet this morning, but busier than the old half day Wednesday of previous years, which were hardly worth attending as booth holders were conspicuous by their absence, due to the festivities of the previous evening. Continue reading
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
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
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