Lake Victoria Gold Ltd. is pleased to announce that the Tanzanian Mining Commission has officially completed the 10-year renewal and authorization to transfer the Imwelo Mining License to LVG, indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited. This significant milestone secures LVG's long-term rights to the Imwelo Project [...]
Lake Victoria Gold is pleased to provide an update on the Q1 and Q2 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited , a partnership between Barrick Gold Corp. and the Government of Tanzania, on the licenses LVG sold to Buly in 2022. Q1-Q2 Exploration Highlights: Rainy Season Impacts: The first quarter was significantly [...]
Lake Victoria Gold is pleased to announce that all required documentation has been successfully submitted to the Tanzanian Mining Commission for both the 10-year renewal of the Imwelo Mining License and the transfer of the mining license to LVG. This submission includes updated Mining, Environmental, and Closure Plans, along with the necessary [...]
Lake Victoria Gold Ltd. - is pleased to announce that it has closed the second tranche of its non-brokered private placement announced on July 15, 2024 of unsecured convertible debentures for gross proceeds to the Company of $187,000. The Company closed an initial tranche of the Private Placement on July 26, 2024 for gross proceeds of $563,000. The [...]
Lake Victoria Gold Ltd. - is pleased to announce that TanzOZ Minerals Ltd.'s application to the Tanzanian Mining Commission for a 10-year renewal of the Imwelo Mining License has been accepted subject to certain conditions. TML is required to submit updated Mining, Environmental, and Closure Plans, commit to commence development within 90 days, as well as pay the license renewal fee within 30 days for the renewal to become effective. These documents are being finalized, as well as the documentation required for transfer of the ML from TML to LVG, and are expected to be submitted and the fee paid in the coming days. This renewal secures the Company's rights to continue developing and operating the Imwelo Project, reinforcing LVG's commitment to advancing its stra... [...]
Lake Victoria Gold Ltd. - is pleased to announce that it has closed the first tranche of its non-brokered private placement announced on July 15, 2024 of unsecured convertible debentures for gross proceeds to the Company of $563,000. The Company intends to close a subsequent tranche of the Private Placement to raise aggregate gross proceeds [...]
Lake Victoria Gold Ltd. - is pleased to announce that it has received the Tax Clearance Certificate from the Tanzanian Revenue Authority for the acquisition of the Imwelo Mining License . This significant milestone marks the final requirement for the transfer of the Imwelo Mining License to LVG by the Tanzanian Mining Commission. Key Milestone [...]
Lake Victoria Gold Ltd. - is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible debentures to raise gross proceeds to the Company of up to $750,000. Each Debenture will bear interest at 12% per annum payable quarterly, which interest, may at the option of the Company be settled in cash or in [...]
Lake Victoria Gold - is pleased to report that it has received the tax assessment from the Tanzanian Revenue Authority on the taxes to be paid on the acquisition of the Imwelo Mining license . The taxes owing are within the expected budgeted range and are nominal in nature. Payment of the taxes will be made shortly, upon which the TRA will deliver [...]
Lake Victoria Gold - is pleased to provide an update and report on the progress of corporate and technical developments. Imwelo Property Update The recent Fair Competition Commission approval for the acquisition of the Imwelo Mining License represents an important regulatory milestone, moving the project closer to the transfer of the ML [...]
Lake Victoria Gold is pleased to announce a significant step forward in the Company's subsidiary Tembo Gold (T) Ltd's acquisition of the Imwelo mining licence from Tanzoz Minerals Limited announced on August 10, 2023 with the Tanzanian Fair Competition Commission approval granted on Feb 29, 2024. In Q4 2023, Tembo Gold (T) Ltd (TGTL) submitted an [...]
Lake Victoria Gold is pleased to report that at the annual general meeting of shareholders of the Company held on Feb 7, 2024, the shareholders elected incumbent directors Marc Cernovitch, Simon Benstead, David Scott, Frank Högel and Seth Dickinson to the Board. In addition, shareholders elected new director Dean Comand. Mr. Comand is a [...]
