MiningNewsBreaks Archive - Page 11 of 100

FridayNov 15, 2024 2:53 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Marks Pivotal Step to Enhance Operational Capabilities, Secure Offtake Agreement

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), the operator and majority owner of the Waterberg Project, recently announced an important collaboration with Ajlan & Bros Mining and Metals Co. to explore establishing a standalone platinum group metals (“PGM”) smelter and base metals refinery (“BMR”) in Saudi Arabia. “This agreement, structured into three distinct phases, marks a pivotal step in the company’s strategy to enhance its operational capabilities and secure a stable offtake agreement for its Waterberg Project concentrate,” reads a recent article. “The largest impediment to the development of the Waterberg Project to date has been the need…

FridayNov 15, 2024 2:21 pm

MiningNewsBreaks – Renforth Resources Inc.’s (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Portfolio Offers Diversification, Exposure to Precious and Industrial Metal Markets

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) is leveraging a diverse portfolio of properties containing valuable commodities such as gold, copper and nickel. The company’s properties, including the Malartic Metals Package in Quebec, showcase Renforth’s strong potential for multicommodity production. “The Malartic Metals Package is host to a battery-metals system, with significant deposits of nickel, copper, zinc and cobalt. This diversity allows Renforth to capitalize on the growing demand for battery metals, which are critical for the renewable-energy and electric-vehicle sectors, while still maintaining exposure to precious metals like gold,” reads a recent article discussing the company. “Investing in…

ThursdayNov 14, 2024 3:26 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) – A Gem in the Mining Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned to benefit from increased investor interest in precious metals as well as growing demand for critical minerals. “McEwen Mining is a gold and silver producer with operations across the Americas, including Nevada, Canada, Mexico, and Argentina. In addition to its core business of precious metals, the company has significant exposure to copper through its 48% ownership of McEwen Copper, a subsidiary responsible for the advanced-stage Los Azules project in Argentina. Led by Rob McEwen, a seasoned mining veteran with a personal investment of $225 million, McEwen Mining is establishing itself as a…

ThursdayNov 14, 2024 3:07 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Advancing Projects for Critical and Precious Metals

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits. The company is focused on becoming a leading player in precious metals as well as with metals connected to renewable energy as they become increasingly important in today’s world. “After thousands of years of use, copper continues to play a key role in the global economy and human development. That will become even more true as the energy transition away from fossil fuels and toward renewable energy gains steam,” reads a recent article with excerpts from a CNN report.…

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…

MondayNov 11, 2024 3:47 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Unlocking Unexplored Regions for New Copper and Gold Discoveries

Torr Metals Inc. (TSX.V: TMET), a Vancouver-based mineral exploration company, is pursuing cost-effective strategies with higher potential for returns, focusing on district-scale areas with low exploration maturity and strong prospects for new copper and gold discoveries. “With 100% ownership of nearly 1,200 km², Torr’s projects enjoy direct highway access, proximity to power grids, and established mining infrastructure, allowing operations near local towns and cities. In short, Torr is unlocking underexplored regions with major discovery potential, where operation costs are low and mining giants are already invested with dwindling mines that will require feed,” reads a recent article. “My background is…

ThursdayNov 07, 2024 2:13 pm

MiningNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Committed to Tapping into Abundant Resources of the Malartic

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), a company engaged in the acquisition, exploration and development of mineral properties in Canada, operates its flagship Parbec Gold Project near the world-renowned Malartic gold-mining region. “What sets Malartic apart as an exceptional mining region is its geology. The region is part of the larger Abitibi Greenstone Belt, one of the richest mineral belts in the world, renowned for its significant deposits of gold and other base metals… However, Malartic’s significance extends beyond just the sheer volume of gold extracted from its soils. The region also boasts a robust infrastructure for mining…

ThursdayNov 07, 2024 1:16 pm

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Moving to Benefit from Increased Demand for PGMs

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is poised to benefit from the automotive industry’s shift toward hybrid and electric vehicles (“EVs”). “A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (‘PGMs’) in the coming years, similar to the extended lifespan now predicted for coal,” reads a recent article that contains excerpts from a Reuters report. “Platinum Group Metals, an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of…

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.…

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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