Metals Update 14/12/2020

Sirios closes $1.38-million first tranche of financing

Sirios Resources Inc. has closed the first tranche of a private placement for aggregate gross proceeds of $1,385,390. In connection with the offering, the corporation issued (i) 6,866,333 Quebec flow-through units of the corporation at a price of 18 cents per Quebec FT unit for an amount of $1,235,940, and (ii) 879,117 national flow-through units of the corporation at a price of 17 cents per national FT unit, for an amount of $149,450.

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American Manganese arranges $125,040 private placement

American Manganese Inc. intends to conduct a non-brokered private placement of 521,000 flow-through units at 24 cents per unit. Each flow-through unit consists of one flow-through common share of American Manganese and one warrant. Each warrant will be exercisable for one common share at a price of 30 cents per share for a period of two years from the warrant issuance date.

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Omineca Mining grants options exercisable at 33 cents

Omineca Mining and Metals Ltd. has approved the grant of 3.15 million incentive stock options pursuant to the company’s stock option plan effective Dec. 11, 2020. Of that total, 1.05 million of the options were granted to directors and executive officers, with the balance being granted to consultants. The options are exercisable at 33 cents per share and, if not exercised, expire Dec. 11, 2025, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange.

Dolly Varden agreement for Alice Arm property

The TSX Venture Exchange has accepted for filing an offer to purchase agreement dated Nov. 26, 2020, between Dolly Varden Silver Corp. and 0907105 B.C. Ltd. (the vendor), whereby the company may acquire a 100-per-cent interest in the Alice Arm lands, located in northwestern British Columbia. Consideration is $150,000 cash and $150,000 in shares priced at the greater of a 10-day simple average closing price prior to closing the acquisition and 75 cents.

Millrock completes 74North field exploration for 2020

Millrock Resources Inc., along with partner Resolution Mineral Inc., has completed field exploration activities for the year at the 64North project. The project targets large-scale gold deposits in the Goodpaster District. The claims comprising the property are adjacent to the Pogo Mine, a multi-million ounce gold mine operated by Northern Star Resources.

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Galway Metals drills 4.7 m of 33.7 g/t Au at Clarence

Galway Metals Inc. has released results from the first seven follow-up holes from the previously reported new discovery (now named the Adrian zone) of 13.4 grams per tonne gold over 12.95 metres in hole CL20-65, located about 270 metres northeast of the George Murphy zone (GMZ) at the Clarence Stream gold project in southwestern New Brunswick (Aug. 18, 2020, press release). These seven follow-up holes, of which Galway has received only partial assays from three, have numerous intersections, such as 33.7 g/t Au over 4.7 m and 1.5 g/t Au over 34.3 m. Additional assays have also been received from the original Adrian discovery hole, such as 1.2 g/t Au over 23.5 m.

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International Consolidated Uranium Acquires the Laguna Salada Uranium and Vanadium Project in Argentina

VANCOUVER, BC, Dec. 14, 2020 /CNW/ – International Consolidated Uranium Inc. (“CUR” or the “Company“) (TSXV: CUR) is pleased to announce that it has entered into an option agreement (the “Option Agreement“) with U3O8 Corp. (“UWE” or the “Vendor“) (TSXV: UWE.H) providing CUR with the option to acquire a 100%, undivided interest, in the Laguna Salada Project (“Laguna Salada” or the “Property“) located in Chubut Province, Argentina.

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Kincora Copper to sell Mongolian asset portfolio

Kincora Copper Ltd. has entered into a binding option and acquisition agreement with Resilience Mining Mongolia Pty. Ltd. (RMM). RMM is a private Australian company that is an active explorer and project generator in Mongolia, lead by an executive team and board with extensive in-country Mongolia experience.

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Highgold acquires three properties at Munro-Croesus

Highgold Mining Inc. has acquired three mineral properties surrounding the company’s Munro-Croesus gold project located in the greater Timmins region, Ontario. These new property acquisitions increase the size of the project by more than 40 per cent, creating a single contiguous property with an area of 28 square kilometres (2,787 hectares). The project is adjacent to Highway 101 in the heart of the Abitibi greenstone belt, Canada’s premier gold mining address with over 200 million ounces of gold production.

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Westhaven Drills 5.50 Metres of 4.58 g/t Gold and 267.40 g/t Silver at the Newly Discovered FMN Zone at Shovelnose

VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce assay results from its ongoing drill program at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.

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Canada Nickel signs MOU with first nations at Crawford

Canada Nickel Company Inc. has entered into a memorandum of understanding (MOU) with the Matachewan and Mattagami first nations in relation to exploration and development operations at the company’s Crawford nickel-cobalt sulphide project located near Timmins, Ont.

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Hudson Resources Reports Assays From 35 Grab Samples Returning an Average of 19.35% Nb2O5 Along a 112 Meter Mineralized Structural Zone at the Nukittooq Niobium Project in West Greenland

VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that it has received the assays from its niobium and tantalum exploration project (the “Project”) located in its wholly owned Sarfartoq exploration license in southwestern Greenland. The niobium project is called Nukittooq which means “strong man” in Greenlandic to reflect the key characteristic of niobium as a strengthener of steel.

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Eskay Mining closes $13.79-million financing

Eskay Mining Corp. has closed the brokered private placement offering previously announced on Nov. 20, 2020, and Nov. 26, 2020, and has issued an aggregate of 1,214,100 units of the company at a price of 90 cents per unit, 2,904,700 flow-through shares of the company at a price of $1.05 per FT share and 9,657,000 flow-through units of the company at a price of $1.25 per FT unit for aggregate gross proceeds of $13,799,625. The Offering was led by Echelon Wealth Partners Inc. and Eight Capital as co-lead agents (the "Agents").

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Gold Terra grants options for 1.29 million shares

Gold Terra Resource Corp. has granted incentive stock options under the company’s stock option plan to its directors, officers, employees and consultants to purchase up to an aggregate of 1,296,250 treasury shares. The options are exercisable at a price of 35 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.

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