Metals Update 16/03/2021

OTC Markets Group Welcomes HPQ-Silicon Resources Inc. to OTCQX

NEW YORK, March 16, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced HPQ-Silicon Resources Inc. (TSX-V: HPQ; OTCQX: HPQFF), a Canadian-based company that offers innovative silicon (Si)-based solutions, has qualified to trade on the OTCQX® Best Market. HPQ-Silicon Resources Inc. upgraded to OTCQX from the Pink® market.

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Troilus Gold drills nine m of 3.65 g/t AuEq at Troilus

TROILUS SOUTHWEST ZONE STRIKE LENGTH EXPANDS BY A FURTHER +25%; DRILLS 3.65 G/T AUEQ OVER 9M, INCL. 5.32 G/T AUEQ OVER 6M AND 14.63 G/T AUEQ OVER 1M WITHIN 100M OF SURFACE

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Almaden Minerals Ltd. Announces US$10.3 Million Registered Direct Offering

VANCOUVER, British Columbia, March 16, 2021 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (NYSE American: AAU; TSX: AMM) (“Almaden”, “AAU” or “the Company”), today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 15,846,154 shares of its common stock and common stock warrants to purchase up to 7,923,077 shares of common stock at a combined purchase price of US$0.65 per share for aggregate gross proceeds of US$10.3 million in a registered direct offering. The common stock warrants will be immediately exercisable, have an exercise price of US$0.80 per share and will expire three years from the date of issuance. The closing of the offering is expected to occur on or about March 18, 2021, subject to the satisfaction of customary closing conditions.

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Altus Strategies receives $22,500 from warrant exercise

Altus Strategies PLC has issued 20,000 ordinary shares of five pence par value each following the exercise of warrants at an exercise price of $1.125 (approximately 0.64 pound sterling) per warrant for gross proceeds of $22,500 (approximately 13,000 pounds sterling).

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TriStar Doubles Indicated Resources as Drilling Continues at Castelo de Sonhos

Scottsdale, Arizona–(Newsfile Corp. – March 16, 2021) – TriStar Gold Inc. (TSXV: TSG) (OTCQX: TSGZF) (the Company or TriStar) is pleased to announce an interim mineral resource estimate for the Castelo de Sonhos gold project in Pará State Brazil. This model incorporates new information available at the end of 2020; drilling is still ongoing so an updated estimate will be completed in the upcoming months to be used in the prefeasibility study. The interim estimate shows that the CDS Project now has:

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Japan Gold drills 0.35m of 21.7 g/t Au at Ohra-Takamine

Japan Gold Corp. has provided the results of the three scout drill holes completed at its Ohra-Takamine project in southern Kyushu. Drilling encountered narrow high-grade gold vein intercepts below the Urushi mine and multiple gold-anomalous sheeted quartz vein zones below the Ohra mine workings.

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Dynacor Announces February 2021 Sales of US$11.9 Million (Unaudited) (C$15.1 Million) a 105% Year Over Year Increase

MONTREAL, March 16, 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$11.9 million (unaudited) (C$15.1 million) in sales for February 2021 compared to US$5.8 million (unaudited) (C$7.7 million) in February 2020, a 105% increase. 

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HPQ-Silicon Resources begins trading on OTCQX

HPQ-Silicon Resources Inc.’s common shares are now trading on the OTCQX Best Market under the ticker symbol of HPQFF. The OTCQX Best Market is the highest market tier of OTC Markets, which operates financial markets for 11,000 U.S. and global securities. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. HPQ common shares will continue to trade on the TSX Venture Exchange under the symbol HPQ, and on the Frankfurt Stock Exchange under the symbol UGE.

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Roscan Gold Corporation Announces Pricing of Over Subscribed Overnight Marketed Public Offering

TORONTO, March 16, 2021 (GLOBE NEWSWIRE) — Roscan Gold Corporation (TSXV:ROS) (“Roscan” or the “Company”) is pleased to announce that, in connection with its previously announced overnight marketed public offering (the “Offering”), it has determined to offer and sell 35,714,500 common shares (“Common Shares”) at a price of $0.42 per Common Share (the “Issue Price”) for aggregate proceeds of approximately $15,000,090 (the “Offering”). Closing of the Offering is expected to occur in early April, 2021 and is subject to regulatory approval, including that of the TSX Venture Exchange.

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