Aquila Resources Inc. is pleased to highlight the passing yesterday of Michigan State Senate resolution SR0016: A resolution to express support for mining and the mining industry and encourage the Governor, state agencies, local governments, members of the public, and labor organizations to support mining by taking certain actions . The Resolution [...]
Aquila Resources Inc. announces the filing of its financial results for the fourth quarter and year ended December 31, 2020. All amounts, unless indicated, are reported in US dollars. "In 2020, Aquila significantly advanced our Back Forty Project in Michigan, highlighted by the Preliminary Economic Assessment the Company announced in August that [...]
Aquila Resources Inc. announces that, in light of current market conditions, it has determined not to proceed with its previously announced marketed equity offering at this time and is withdrawing its preliminary short form prospectus filed on March 24, 2021. The Company also does not intend to move forward with the contemplated concurrent private [...]
Aquila Resources Inc. is pleased to announce that it has filed a preliminary short form prospectus in connection with a marketed offering of units for gross proceeds of approximately $10 million from the treasury of the Company, at a price per Unit to be determined in the context of the market . The Offering will be conducted through a syndicate of [...]
Aquila Resources Inc. is pleased to announce that the Company and a subsidiary of Osisko Gold Royalties Ltd. have entered into definitive agreements to amend certain terms of the amended and restated gold purchase agreement dated June 16, 2020 and the amended and restated silver purchase agreement dated June 16, 2020 in order to provide additional [...]
Aquila Resources Inc. is pleased to provide an update on its strategy to advance its Back Forty Project in Michigan's Upper Peninsula following the January 4, 2021 decision by an Administrative Law Judge denying the prior issuance of a wetland/stream/floodplain permit . The Michigan Department of Environment, Great Lakes, and Energy issued the [...]
Aquila Resources Inc. is pleased to announce the appointment of Guy Le Bel as President & CEO of Aquila, effective February 1, 2021. Barry Hildred will transition to the role of Executive Chair of the Board of Directors. The Board has appointed Ted Munden, outgoing Chair of the Board of Directors, to the position of Lead Director. "My focus as [...]
Aquila Resources Inc. announces that on January 4, 2021, an Administrative Law Judge for the Michigan Office of Administrative Hearings and Rules issued a decision denying the prior issuance of a wetland/stream/floodplain permit for its Back Forty Project in Michigan. By way of background, petitioners earlier filed an administrative contested case [...]
Aquila Resources Inc. is pleased to announce that it has applied to the Michigan Department of Environment, Great Lakes, and Energy for a Dam Safety Permit for its Back Forty Project. The Company has already been issued the four foundational State permits required for the commencement of construction and operations at Back Forty, being the Mining [...]
Aquila Resources Inc. announced the filing of its financial results for the third quarter ended September 30, 2020. All amounts, unless indicated, are reported in US dollars. Barry Hildred, President & CEO of Aquila, commented, “As site operations began to normalize in the third quarter, Aquila added key hires to our team in the areas of [...]
Aquila Resources Inc. announces that the six nominees listed in the management information circular for its 2020 annual meeting of shareholders held earlier today were elected as directors of Aquila. 261,958,642 shares were represented at the Meeting, representing 77.375% of Aquila’s issued and outstanding common shares. The detailed results of the [...]
Aquila Resources Inc. announced the filing of its financial results for the second quarter ended June 30, 2020. All amounts, unless indicated, are reported in US dollars. Barry Hildred, President & CEO of Aquila, commented, “During the second quarter, our team focused on prudently managing spend while finalizing amendments to the Company’s gold and [...]
