Metals Update 7/8/2020

Noront to resume exploration at Esker

Noront Resources Ltd. is reopening Esker site and mobilizing its team to resume exploration activities in the Ring of Fire.

Read More

Canada Nickel drills 52.5 m of 0.41% Ni at Crawford

Canada Nickel Company Inc. has released additional encouraging results from infill drilling on the Main zone at its Crawford nickel-cobalt sulphide project.

Read More

Revival Gold closes $15.05-million public offering

Revival Gold Inc. has closed its previously announced public offering of 13,685,000 units of the company at a price of $1.10 per unit for aggregate gross proceeds of $15,053,500, including 1,785,000 additional units issued pursuant to the exercise in full of the overallotment option granted to the underwriter (as defined as follows) in connection with the offering.

Read More

Generation Mining finds MT anomaly at Marathon

Generation Mining Ltd. has released the preliminary results from its Spartan magnetotelluric (MT) survey over a portion of the Marathon deposit resource, including the W horizon and structures to the west of the deposit, which are believed to have provided a favourable environment for enriched palladium mineralization. Analysis of the MT data has identified one prospective target which consists of a discrete, previously undrilled, conductive MT anomaly situated at a vertical depth of approximately 650 meters downdip and immediately west of the Marathon Palladium Copper Deposit (Figure 1). The anomaly is at a depth beyond the depth penetration capabilities of a preexisting airborne electromagnetic survey of this area (completed by a previous operator) and most importantly the anomaly is more conductive than Marathon Palladium Copper deposit mineralization. Consequently, the anomaly constitutes a high priority drill target given its coincidence with the presumed down dip extension of the Marathon Series Gabbros which constitute the feeder zones to, and are the host of, PGM-Cu mineralization at the Marathon Deposit.

Read More

Almaden Minerals closes unit private placement

Almaden Minerals Ltd. has closed its previously announced non-brokered private placement with the issuance of 3.1 million units at 65 cents per unit.

Read More

Abraplata Resource arranges $15-million financing

Abraplata Resource Corp. intends to complete a non-brokered private placement for aggregate gross proceeds of up to $15,000,120 through the issuance of up to 55,556,000 units of the company to be priced at 27 cents per unit. Mr. Eric Sprott has indicated his intention to invest up to $10,000,000 in the Offering and will subscribe up to 37,037,037 Units.

Read More

Eastern Platinum loses $11.2M (U.S.) in H1

Eastern Platinum Ltd. has filed its Q2 2020 condensed interim consolidated financial statements and management’s discussion and analysis for the three and six months ended June 30, 2020. Below is a summary of the company’s financial results for Q2 2020 (see COVID-19 below) (all amounts are in U.S. dollars):

Read More

Treasury Metals closes acquisition of Tamaka Gold

Treasury Metals Inc. has completed its previously announced acquisition, pursuant to a share purchase agreement with First Mining Gold Corp., whereby Treasury acquired all of the issued and outstanding shares of Tamaka Gold Corp., a wholly owned subsidiary of First Mining that owns a 100-per-cent interest in the Goldlund gold project, located adjacent to Treasury’s Goliath gold project in Northwestern Ontario. Matters related to the Transaction were approved by shareholders of the Company at the annual general and special meeting on August 5, 2020.

Read More

GoviEX Uranium closes $5-million private placement

Further to its announcement on Aug. 6, 2020, GoviEX Uranium Inc. has closed its non-brokered private placement offering of 35,714,286 units at a price of 14 cents per unit for gross proceeds of approximately $5-million. Each Unit consist of one (1) Class A common share in the capital of the Company (a “Common Share”) one (1) transferable share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one (1) Common Share (a “Warrant Share”) until August 6, 2025, at an exercise price of US$0.15 per Warrant Share, subject to applicable adjustment.

Read More

Leave a Reply