Metals Update 21/9/2020

Plateau continues Falchani, Macusani desktop work

Plateau Energy Metals Inc. has provided an update on recent initiatives and activities.

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American Manganese Inc. to Speak on a Circular Economy for EV Batteries – Hosted by Cleantech Group

SURREY, BC / ACCESSWIRE / September 21, 2020 / American Manganese Inc. (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM) (“AMY” or the “Company“) is pleased to speak and take part in the EV Battery Circularity Innovation Showcase, hosted by Cleantech Group. Join Zarko Meseldzija, CTO of American Manganese, for Cleantech Interactive, the fourth edition in a series of innovative online events, on September 22-23 and build a new network with investors, innovators and corporates accelerating the transition to a cleaner future. The theme is ‘The Path to Circularity’ and Mr. Meseldzija will be speaking on ‘A Circular Economy for EV Batteries’and its connection to the future of sustainability.

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Defiance Silver repays Windermere loan

Defiance Silver Corp. has repaid in full the company’s outstanding loan with Windermere Capital Fund SPC (on behalf of the Navigator Segregated Portfolio). The Loan was originally announced on June 19th, 2018, and subject to several increases, with the final extension announced on December 19th, 2019. The Company has now repaid the total outstanding balance of $1,312,018 including accrued interest. The Loan was secured by the assets of the Company’s subsidiaries and the General Security Agreement will now be removed following repayment of the Loan in full.

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Mineral Mountain increases financing to $1.28M

Due to investor demand, Mineral Mountain Resources Ltd. has increased the size of its private placement previously announced on Aug. 20, 2020. Mineral Mountain now proposes to issue up to 4,266,666 units of the Company (the “Units”) for aggregate proceeds of up to $1,280,000.

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Mountain Province sells $11.7-million in diamonds

Mountain Province Diamonds Inc. has released the preliminary results of its latest diamond sale in Antwerp, Belgium, which closed on Sept. 19, 2020. The latest sale represents the company’s first traditional commercial sale since February and the start of the COVID-19 pandemic. It is important to note that these results do not include the sale of any high value fancy and special stones.

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Santacruz Silver arranges $6-million financing

Santacruz Silver Mining Ltd. has arranged a non-brokered private placement for up to 27,272,727 units at a purchase price of 22 cents per unit, for gross proceeds to the company of up to $6-million with a lead order from Palisades Goldcorp Ltd. for $3-million. Each Unit will consist of one common share of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.30 per share for a period of 36 months following the issue of the Warrant.

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Eclipse Gold adds second drill rig at Hercules

Eclipse Gold Mining Corp. has mobilized a second drill rig at its Hercules gold project in Nevada’s Walker Lane trend.

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