Metals Update 18/12/2020

Fenixoro Gold drills 1.3 m of 28.18 g/t Au at Abriaqui

Fenixoro Gold Corp. has released high-grade intercepts and has discovered new, previously unknown gold-bearing veins at the early-stage Abriaqui project in Antioquia state, Colombia. These assays represent additional results from hole P001001 and preliminary results from holes P002001, P003002 and P004002. Highlights include:

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Cantex drills 2.5 m of 25.02 g/t Ag at North Rackla

Cantex Mine Development Corp. has released an update on the work program at its 14,077-hectare North Rackla claim block where drill results continue to define a lead-zinc-silver mineralized system with Broken Hill type (BHT) affinities.

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HPQ-Silicon, PyroGenesis begin commissioning Purevap

PyroGenesis Canada Inc. has informed HPQ-Silicon Resources Inc.’s HPQ Nano Silicon Powders Inc. that phase 1 of the Purevap nanosilicon reactor (NSiR) development program has reached the commissioning stage, with the Gen1 Purevap NSiR now ready to start producing silicon nanomaterials.

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Kootenay Silver forms JV with Aztec for Cervantes

Kootenay Silver Inc. has entered into a joint venture agreement with Aztec Minerals Corp. in respect of the Cervantes porphyry gold-copper project in Sonora, Mexico. As noted in the Aztec press release dated July 30, 2019, Aztec has completed its earn in and exercised the option to acquire a 65-per-cent interest in Cervantes. Kootenay retains the remaining 35-per-cent interest. The parties will hold their interests in Cervantes indirectly through share ownership in a joint venture company, Aztec Minerals (Mexico) JV Corp. The joint venture company indirectly owns 100 per cent of Cervantes through its wholly owned subsidiary, Minera Azteca Dorado SA de CV.

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Serengeti, Sun Metals close $10.35-million bought deal

Serengeti Resources Inc. and Sun Metals Corp., further to their joint news releases dated Nov. 30, 2020, and Dec. 2, 2020, have closed the previously announced upsized bought deal financing of 82.8 million subscription receipts of Sun Metals at a price of 12.5 cents per subscription receipt for gross proceeds of $10.35-million. The offering included a full exercise of the underwriters’ over-allotment option, and was co-led by PI Financial Corp. and Haywood Securities Inc., and included Agentis Capital Markets Canada Limited Partnership, Clarus Securities Inc. and Cormark Securities Inc.

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Sirios closes private placement for $520,500

Sirios Resources Inc. has completed the non-brokered private placement announced on Nov. 26, 2020, for aggregate gross proceeds of approximately $520,500. In connection with this offering, the corporation issued 3,469,996 hard units of the corporation at a price of 15 cents per unit.

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American Manganese 521,000-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 11, 2020.

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Norzinc arranges $1.5-million FT private placement

Norzinc Ltd. has arranged a non-brokered private placement of 18.75 million flow-through common shares of the company at a price of eight cents per flow-through share, for gross proceeds of $1.5-million.

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American Manganese Shipped Manganese Samples from Wenden National Defense Stockpile in Arizona

SURREY, BC / ACCESSWIRE / December 18, 2020 / American Manganese Inc. (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM)(“AMY” or the “Company“) is pleased to announce that representative samples of manganese from National Defense Stockpile in Wenden, Arizona were shipped following the completion of the sampling activities announced in the Company’s December 8, 2020 press release. Sample collection is the first step in the Wenden Stockpile project, which is being funded by an award from the United States Defense Logistics Agency (DLA), to confirm the viability of efficient electrolytic manganese metal (EMM) production using AMY’s patented manganese recovery process (US Patent No. 8,460,631).

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