Metals Update 25/02/2021

Horizonte receives power line licence for Araguaia

Horizonte Minerals PLC has been awarded the construction licence package for the development of the power line for its 100-per-cent-owned Araguaia ferronickel project.

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Excellon drills 8.9 m of 1,422 g/t AgEq at Platosa

Excellon Resources Inc. has provided results from underground expansion and exploration drilling at the Platosa mine in Durango, Mexico.

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Victory Metals & Nevada King Announce Receipt of Interim Order for Plan of Arrangement

VANCOUVER, BC, Feb. 25, 2021 /CNW/ – Victory Metals Inc. (TSX-V: VMX) (“Victory”) and Nevada King Mining Ltd. (“Nevada King”), a private B.C. company, are pleased to announce the receipt of an interim order from the Supreme Court of British Columbia (the “Interim Order“) in connection with their previously announced plan of arrangement (the “Arrangement“) pursuant to which Victory will acquire all of the issued and outstanding shares of Nevada King in exchange for common shares of Victory (“Victory Shares“), with the shareholders of Nevada King to hold 50% of the issued and outstanding shares of Victory on completion of the Arrangement. The Interim Order provides for, among other things, the calling and holding of the meeting of Nevada King shareholders to consider the Arrangement.

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Dynacor Announces January 2021 Sales of US$16.1 Million (Unaudited) (C$20.5 Million) and Sees 39.2% Year Over Year Growth in ASM Gold Ore Purchases

MONTREAL, Feb. 25, 2021 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the “Corporation”), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced US$16.1 million (unaudited) (C$20.5 million) in sales for January 2021. Dynacor’s January gold ore purchases increased by 39.2% year over year to a total of 9,931 tonnes (7,136 tonnes in January 2020).

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Prime Mining adds fifth drill to Los Reyes project

Prime Mining Corp. has provided a drilling update on its 100-per-cent-owned Los Reyes gold-silver project located in the state of Sinaloa, Mexico. The Company’s 15,000 metre (“m”) Phase 1 diamond drill program began in December. The drill rig count at the Project has been increased to address logistical, geographic and COVID-19-related challenges, so that the Company can maintain its previously communicated goals of completing Phase 1 drilling before onset of the rainy season in mid-August, completion of a new geological resource model during the rainy season hiatus and then initiate an aggressive Phase 2 drilling program in Q4 2021.

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Santacruz Silver firms up acquisition of Zimapan mine

Santacruz Silver Mining Ltd.’s wholly owned subsidiary, Carrizal Mining SA de CV, has entered into a definitive agreement (the P&S agreement) with Minera Cedros SA de CV, a wholly owned subsidiary of Industrias Penoles SAB de CV, to acquire the Zimapan property and related assets located in Zimapan, Hidalgo state, Mexico, for total consideration of $20-million (U.S.) (plus applicable Mexican value-added tax of $3.2-million (U.S.)). The P&S agreement supersedes the term sheet previously entered into by the parties.

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Superior Gold to release fiscal 2020 results March 9

Superior Gold Inc. will release its fourth quarter and full year 2020 financial and operating results before market open on Tuesday, March 9, 2021. Following the release, management will host a conference call and webcast at 10 a.m. ET to discuss these results.

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Revival Gold to Attend Conferences

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth‐focused gold exploration and development company, announces its participation in the following upcoming virtual conferences:

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PDMR Dealings

DIDCOT, UK / ACCESSWIRE / February 25, 2021 / Altus Strategies Plc (AIM:ALS) (TSX-V:ALTS) (OTCQX:ALTUF) announces that it was informed on 25 February 2021 by Matthew Grainger (Executive Director) that he had dealt in ordinary shares of 5 pence par value each of the Company (“Ordinary Shares“) between 22 and 24 February 2021 as follows:

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HPQ-Silicon receives portable hydrogen-based generator

HPQ Silicon Resources Inc. has received the Trekhy system, a portable hydrogen-based mini-power generator, jointly developed by the French companies Apollon Solar SAS and Pragma Industries SAS. While continuing to work with Apollon on the development of new generations of more efficient silicon powders for hydrogen production, HPQ signed a Memorandum of Understanding with Apollon and Pragma to study the commercial potential of the Trekhy autonomous power generator in Canada.

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