Metals Update 13/8/2020

Gold Terra Resource grants options for 1.12M shares

Gold Terra Resource Corp. has granted incentive stock options under the company’s stock option plan to its new director, employees and consultants to purchase up to an aggregate of 1,125,000 treasury shares. The options are exercisable at a price of 43.5 cents per share for a period of five years and are subject to the policies of the TSX Venture Exchange and the company’s stock option plan.

Blue Lagoon closes $7.52-million private placement

Blue Lagoon Resources Inc. has completed a private placement of 21,496,301 units at a price of 35 cents per unit for aggregate gross proceeds to the company of $7,523,706. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share of the Company at an exercise price of $0.50 per share for a period of 24 months from the closing date. The expiry date of the warrants may be accelerated in the event the closing price of the common shares of the Company on the Canadian Securities Exchange is equal to or greater than $0.75 for a period of 10 consecutive trading days, in which case the warrants will expire 30 days from the date the Company provides an acceleration notice to the warrant holders.

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American Manganese begins plant optimization tests

American Manganese Inc.’s contract research lab, Kemetco Research, has installed and prepared the recently received specialized equipment for continued optimization on the company’s lithium-ion battery recycling pilot plant project. American Manganese's goal for these engineering upgrades is to further increase process capacity, without sacrificing the high recovery of lithium, nickel, cobalt, manganese, and aluminum. Analysis of results to be reported as received.

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HPQ-Silicon talks fund sources for Purevap work

Since the start of June, 2020, HPQ-Silicon Resources Inc. has raised over $1,452,401 through the exercise of various financial instruments. During the period ended June 30, 2020, $182,277 was raised, at an average price of $0.122 per share, through the exercise of 1,087,000 warrants, 178,000 broker warrants and 175,000 broker units. Furthermore, since the start of Q3 another $1,270,124 was raised, at an average price of $0.121 per share, through the exercise of 7,959,588 warrants, 81,430 brokers warrant and 2,400,000 options.

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Treasury Metals to temporarily trade as TSRMD in U.S.

Treasury Metals Inc. has provided an update on the company’s trading symbol in the United States. As a result of the company’s on-for-three common share consolidation, in effect prior to the opening of business on Aug. 11, 2020, the common shares now trade on the OTCQX under the symbol TSRMD for 30 days before resuming the original TSRMF symbol.

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Atico Mining earns $1.2M (U.S.) in Q2 2020

Atico Mining Corp. has released its financial results for the three months ended June 30, 2020, posting income from mining operations of $4.1-million (U.S.) and a net income of $1.2-million (U.S.). All monetary amounts are in United States dollars unless otherwise stated.

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Renaissance Gold shareholders OK Evrim merger of equals

Renaissance Gold Inc. (RenGold) securityholders have approved the company’s previously announced plan of arrangement with Evrim Resources Corp. at the special meeting of RenGold shareholders, optionholders and warrantholders held today.

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Orvana loses $4.71-million (U.S.) in Q3 fiscal 2020

Orvana Minerals Corp. has released financial and operational results for the third quarter of fiscal 2020. All Amounts in US Dollars Unless Otherwise Stated

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GoviEX Uranium 35,714,286-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on July 27, 2020.

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Avino to option Ana Maria, El Laberinto to Gray Rock

Avino Silver & Gold Mines Ltd.’s board of directors has determined to proceed with an option agreement dated Aug. 12, 2020, with Gray Rock Resources Ltd. as optionee. Pursuant to the terms of the option agreement, Gray Rock was granted the exclusive right to acquire a 100-per-cent interest in the Ana Maria and El Laberinto properties in Mexico, in consideration of the issuance to Avino of share purchase warrants to acquire 300,000 common shares of Gray Rock at an exercise price of 20 cents per share for a period of 36 months from the date of the TSX Venture Exchange’s final acceptance of the option agreement. In order to exercise the option, Gray Rock will:

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Atico Mining qualifies to trade on OTCQX Best

Atico Mining Corp. has qualified to trade on the OTCQX Best Market. Atico Mining upgraded to OTCQX from the Pink market.

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Aquila Resources spends $3.21M on operations in Q2 2020

Aquila Resources Inc. has filed its financial results for the second quarter ended June 30, 2020. All amounts, unless indicated, are reported in US dollars.

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Brixton Metals closes $5.5M private placement

Brixton Metals Corp. has closed its previously announced non-brokered private placement of units and flow-through common shares of the company for gross proceeds of $5,501,682, with a lead order from Palisades Goldcorp Ltd., a strategic institutional investor.

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