FridayNov 22, 2024 9:59 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Featured in Editorial Highlighting Growing Demand for Critical Metals

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) announced its inclusion in an editorial by NetworkNewsWire (NNW), titled “Critical Metals Surge Opens Prime Opportunity for Mining Investors,” which explores rising interest in mining fueled by the global shift to clean-energy technologies and the growing demand for critical and traditional metals. The editorial highlights the importance of platinum group metals (PGMs) in industrial applications, including autocatalysis and pollution control, driven by decarbonization efforts and geopolitical tensions affecting supply. Platinum Group Metals Ltd. is positioned as a leader in the PGM sector, supported by its flagship Waterberg Project in South Africa. To…

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MondayNov 18, 2024 1:45 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ownership Led by Individual Investors Holding Majority Stake

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) was featured in a recent article by Simply Wall St. The publication describes Platinum’s ownership structure, explaining that the company is primarily owned by individual investors, who hold a 51% majority stake, granting them substantial influence over the company’s governance and management decisions. Institutional investors also hold a significant portion, contributing to PTM's credibility within the investment community, though ownership remains fragmented, with the top 25 shareholders collectively owning 48%. The largest single shareholder is Hosken Consolidated Investments Limited, holding 26% of shares. Insider ownership is minimal, with less than 1%…

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MondayNov 18, 2024 10:27 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Targets $1.05 Million in Proceeds Through Private Placement of Units

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) announced details of its proposed private placement offering of up to 7,500,000 flow-through units (“FT Units”) at $0.04 per unit and 21,500,000 hard dollar units (“HD Units”) at $0.035 per unit, aiming to raise aggregate gross proceeds of $1,052,500. Each unit includes common shares and warrants exercisable for three years at $0.07. Proceeds from FT Units will fund exploration expenditures at the Gochager Lake Project in Saskatchewan, qualifying as flow-through critical mineral mining expenditures under Canada’s Tax Act, while HD Unit proceeds will support general exploration, project development, and corporate needs. The offering,…

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TuesdayNov 12, 2024 8:15 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Expands Private Placement

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) has amended its private placement offering by introducing a flow-through unit (“FT Unit”) component at $0.04 per unit, responding to high investor interest. Additionally, the price of hard dollar units (“HD Units”) has been adjusted to $0.035 per unit. The offering is expected to raise approximately $750,000, with proceeds allocated for Canadian exploration expenses under the Income Tax Act and exploration at the Gochager Lake Project in Saskatchewan. Closing is anticipated by Nov. 21, 2024, pending regulatory and Canadian Securities Exchange approvals. To view the full press release, visit https://ibn.fm/0dhIG About Fathom Nickel…

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ThursdayNov 07, 2024 11:40 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

McEwen Mining (NYSE: MUX) (TSX: MUX) has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met. McEwen’s significant investment demonstrates its commitment to advancing Inventus’s Pardo Project, marking a strategic alignment in McEwen’s broader investment interests in the precious metals sector. To view the full press release, visit https://ibn.fm/MobQk About McEwen Mining Inc.…

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WednesdayNov 06, 2024 10:35 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Strong Q3 Performance with 36% Revenue Increase and Major Profit Gains

McEwen Mining (NYSE: MUX) (TSX: MUX) announced impressive financial results for Q3 2024, driven by a 36% increase in revenue to $52.3 million due to higher gold prices and an uptick in production. The company’s gross profit surged by 268% to $13.8 million, reflecting improved operational efficiencies and robust production levels. Additionally, McEwen Mining reported a reduced net loss of $2.1 million, significantly lower than the $18.5 million loss in Q3 2023. Operating cash flow rose to $23.2 million, while adjusted EBITDA soared 586% to $10.5 million, highlighting the company’s enhanced cash flow and operational gains across its assets. To…

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TuesdayNov 05, 2024 9:42 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Announces $750,000 Private Placement to Fund Exploration at Gochager Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) has announced a proposed private placement aiming to raise up to $750,000 through the issuance of units, each consisting of one common share and a half transferable warrant. Priced at $0.03 per unit, with a full warrant exercisable at $0.07 for 36 months, the offering will support exploration expenses at Fathom’s Gochager Lake Project in Saskatchewan, as well as general corporate needs. Expected to close by November 14, 2024, the non-brokered offering is open to investors under the Listed Issuer Exemption, with full offering details available on SEDAR+ and the company’s website.…

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MondayNov 04, 2024 11:11 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Project Developments in Upcoming Live Webinar with Red Cloud Financial Services

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) will host a live virtual corporate update with Red Cloud Financial Services on Nov. 6, 2024, at 2 p.m. ET. CEO and VP of Exploration will provide insights on the company’s advancements at the Gochager Lake and Albert Lake projects, focusing on nickel, copper, cobalt, and platinum group elements (PGEs). The presentation will include a live Q&A session, and a replay will be available to all registrants via email and on Red Cloud’s website. To view the full press release, visit https://ibn.fm/iSd0m About Fathom Nickel Inc. Fathom is a junior exploration company…

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MondayNov 04, 2024 9:15 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Present Project Developments in Upcoming Live Webinar with Red Cloud Financial Services

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) will host a live virtual corporate update with Red Cloud Financial Services on Nov. 6, 2024, at 2 p.m. ET. CEO and VP of Exploration will provide insights on the company’s advancements at the Gochager Lake and Albert Lake projects, focusing on nickel, copper, cobalt, and platinum group elements (PGEs). The presentation will include a live Q&A session, and a replay will be available to all registrants via email and on Red Cloud’s website. To view the full press release, visit https://ibn.fm/iSd0m About Fathom Nickel Inc. Fathom is a junior exploration company…

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WednesdayOct 30, 2024 8:30 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Promising Mineralization at Storm Copper Project, Awaits 2024 Drilling Completion

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) announced a positive update on its Storm Copper Project on Somerset Island, Nunavut, in collaboration with American West Metals Limited, the project operator. Early drilling results from the ST24-02 hole in an underexplored area confirmed widespread sediment-hosted copper mineralization, which CEO Thomas Ullrich highlighted as a promising indication of significant copper potential. A partially completed third deep drill hole encountered challenging conditions due to freezing ground and limited supplies, delaying completion until early 2024. The targeted anomaly remains a priority due to its potential for both fault-hosted and stratiform-hosted copper mineralization. To view the…

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