News Archives - Page 3 of 70

MondayMar 03, 2025 10:34 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Closes Offering, Announces New Financing and PDAC Participation

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) announced the closing of its non-brokered offering, raising $398,025 through the issuance of 8.55 million flow-through units at $0.04 per unit and 1.6 million non-flow-through units at $0.035 per unit. The company has now launched a new financing, targeting up to $705,000 through the issuance of 23.5 million non-flow-through units at $0.03 per unit, each including a common share and a warrant exercisable at $0.05. Additionally, Fathom will present drill core from its Gochager Lake Project at the PDAC Core Shack on March 4-5, 2025. To view the full press release, visit: https://ibn.fm/7rzgY…

MondayMar 03, 2025 9:45 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Initial Mineral Resource Estimate for Storm Copper Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) reported an Initial Mineral Resource Estimate ("MRE") for near-surface copper mineralization at its Storm Copper Project in Nunavut. The MRE includes 8.2 million tonnes of indicated resources grading 1.47% copper and 4.5 g/t silver, along with 3.3 million tonnes of inferred resources at 1.30% copper and 3.1 g/t silver. The deposits, located within six zones, remain open for expansion, with new high-grade copper discoveries in 2024 supporting further resource growth. The near-surface nature of the deposits and favorable metallurgical characteristics suggest strong potential for low-cost development. To view the full press release, visit https://ibn.fm/P4Mkf…

MondayMar 03, 2025 9:35 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Reports Strong Shareholder Support at Annual Meeting

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) announced positive results from its annual general meeting held Feb. 28, 2025, in Vancouver, British Columbia. Shareholders representing 59.31% of eligible shares participated, overwhelmingly supporting management’s six director nominees. Diana Walters, Frank Hallam, Timothy Marlow, John Copelyn, Stuart Harshaw, and Mpho Makwana were elected, with over 98% of votes cast in favor. Additionally, PricewaterhouseCoopers LLP was re-appointed as auditor with 96.99% approval. To view the full press release, visit https://ibn.fm/DEEXM About Platinum Group Metals Ltd. Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit…

FridayFeb 28, 2025 8:35 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Passing of CFO Dwight Walker, Names Interim Replacement

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) announced with deep sadness the passing of Dwight Walker, who served as Chief Financial Officer for the past nine years. Walker was a respected leader and integral member of the Aston Bay team, contributing significantly to the company's success with his extensive financial expertise and strategic vision. With over 30 years of experience, including a decade in the mining sector, he held CFO roles at multiple public companies throughout his distinguished career. CEO Thomas Ullrich expressed condolences, emphasizing Walker’s invaluable contributions. The Board of Directors has appointed Donna McLean as interim CFO. McLean, currently…

MondayFeb 24, 2025 3:32 pm

MiningNewsBreaks – Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) Achieves Record Financial Performance, Milestone Year in 2024

Mandalay (TSX: MND) (OTCQB: MNDJF) recently announced its financial results for the fourth quarter and year ended Dec. 31, 2024. Among the highlights, the company reported record revenue and significant cash flow growth, attributed to its commitment to operational excellence and financial discipline. “2024 was a milestone year for Mandalay, marked by record financial performance and substantial earnings growth. Our strategic emphasis on higher-margin production, cost efficiency, and operational improvements have delivered outstanding results,” said Frazer Bourchier, Mandalay’s president and CEO. “With a strong cash position, zero debt, and an ongoing commitment to sustainable cash generation, we enter 2025 well-prepared…

MondayFeb 24, 2025 10:20 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Gochager Lake Drill Core at PDAC Core Shack

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) announced it will present drill core from its Gochager Lake project at the PDAC Core Shack March 4-5, 2025. The Company invites PDAC attendees to visit booth #3113B to view GL23003 drill core and meet management to discuss the project and exploration plans. To view the full press release, visit: https://ibn.fm/MgTEK About Fathom Nickel Inc. Fathom is a junior exploration company focused on exploring for and developing world class nickel camps in the province of Saskatchewan. NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom…

ThursdayFeb 20, 2025 9:35 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports High-Grade Tin Intersections at Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced additional assay results from its definition diamond drilling program at the Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia. Notably, Hole DSB-74 intersected 49.5 meters of high-grade tin at 0.55% Sn within a broader 91.5-meter zone grading 0.34% Sn. The mineralization, hosted within an extensive intrusion breccia, is believed to be linked to a deeper tin porphyry system. CEO Tom Larsen highlighted the continuity of coarse-grained cassiterite mineralization and its potential impact on project economics in the upcoming PEA. To view the full press release,…

WednesdayFeb 19, 2025 9:30 am

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Identifies Nine High-Resistivity Anomalies at Filion Gold Project

Torr Metals Inc. (TSX.V: TMET) announced the identification of nine high-resistivity geophysical anomalies at its 100%-owned Filion Gold Project in northern Ontario. The anomalies, defined through a late-2024 ground magnetic and very low frequency (VLF) electromagnetic survey, highlight key structural and lithological controls on gold mineralization, with the largest anomaly spanning over 3.3 km. The survey results indicate potential for new discoveries, particularly at the Oscar gold occurrence and Miller East occurrence, where historical sampling reported grades of up to 91.4 g/t gold over 0.3 meters. Pending geochemical results from late-2024 soil sampling will further assess these high-priority targets. To…

WednesdayFeb 19, 2025 9:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Begins Updated PEA for Montauban Amid Record Gold Prices

ESGold (CSE: ESAU) (OTCQB: ESAUF) has initiated an updated Preliminary Economic Assessment for its fully permitted Montauban Project, factoring in current gold and silver prices of $2,930 and $32.50 per ounce, respectively. The reassessment aims to reflect significantly improved market conditions and enhance key metrics such as IRR, NPV, and projected cash flow. With low capex and near-term production on the horizon, the revised PEA is expected to offer a more robust economic outlook and is slated for release in the coming weeks. To view the full press release, visit https://ibn.fm/zLBeo About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE:…

TuesdayFeb 18, 2025 11:11 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) to Invest in Goliath Resources Amid High-Grade Gold Results

McEwen Mining (NYSE: MUX) (TSX: MUX) is set to acquire 5.18 million units of Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) in a non-brokered private placement, reinforcing its interest in Goliath’s high-grade gold exploration at the Surebet discovery in British Columbia’s Golden Triangle. Goliath reported intercepts of up to 10.91 g/t AuEq over 10 meters, with 92% of 2024 drill holes containing visible gold. The transaction includes shares of McEwen Mining issued in exchange, with each unit comprising one Goliath common share and half a warrant exercisable at C$2.50 per share for 12 months. To view the full press release,…

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