Gold Mountain Mining Corp. is pleased to announce the completion of its previously announced bought deal private placement. The Company issued a total of 4,255,190 units at a price of $2.10 per Unit and 1,326,450 flow-through units at a price of $2.31 per Unit, for total gross proceeds of approximately $12,000,000. This included the full exercise [...]
Gold Mountain Mining Corp. is pleased to provide a corporate update as it nears its 6 month trading anniversary, showcasing its transformation from a small-scale asset to a near-term producer on the cusp of mining operations and reaching 1,000,000 ounces. Early History In May of 2019, Gold Mountain acquired the property from Equinox Gold Corp for [...]
Gold Mountain Mining Corp. is pleased to announce that it has signed a Letter of Intent with New Gold Inc to increase its tonnage delivered to New Afton from 70,000 to 350,000 tonnes per annum beginning in year four of production. This addition reflects a 400% bump to the delivery commitments outlined in the Company's Ore Purchase Agreement with [...]
Gold Mountain Mining Corp. is pleased to provide a construction update at its 100% owned Elk Gold Mine, located outside Merritt, British Columbia. Highlights The Company received authorization from the Ministry of Mines to begin construction on April 29th through its Notice of Departure Nhwelmen-Lake LP has mobilized vehicles and mining equipment [...]
Gold Mountain Mining Corp. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase on a bought deal basis 3,572,000 hard dollar units at a price of $2.10 per Unit and 1,090,000 flow-through dollar units at a price [...]
Gold Mountain Mining Corp. is pleased to announce that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office has released the Company's draft Mine Permit for review. "We were told our permitting timelines were aggressive since going public on December 31, 2020. Receiving this draft permit is a testament to the management [...]
Gold Mountain Mining Corp. is pleased to announce that it has successfully executed three Memorandum of Understanding's with surrounding Indigenous communities, establishing a process for ongoing engagement towards social and economic collaboration. "By taking an inclusive approach since we acquired the project, we continue to build a strong [...]
Gold Mountain Mining Corp. is pleased to announce an updated preliminary economic analysis of the Elk Gold Project. The update is based on the increased Mineral Resource Estimate announced on May 14, 2021, the Ore Purchase Agreement with New Gold Inc. announced on January 26, 2021 and the Mining Contract with Nhwelmen-Lake LP announced on January [...]
Gold Mountain Mining Corp. is pleased to announce it has made the first $3,000,000 property payment to Equinox Gold Corp. with respect to the acquisition of the Elk Gold Project. The Company acquired the Elk Gold Project for $10,000,000 from Equinox for a $1,000,000 cash deposit and $9,000,000 interest free loan. The initial May 16th 2021 payment [...]
Gold Mountain Mining Corp. is pleased to announce an updated National Instrument 43-101 Mineral Resource Estimate following the conclusion of its Phase1 drill program at the Elk Gold Project. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Highlights: Gold Mountain increases [...]
Gold Mountain Mining Corp. is pleased to announce it has received its Notice of Work permit, allowing it to expand its 2021 exploration program at its 100% owned Elk Gold Project. The NoW permits Gold Mountain to continue chasing it's deep, high-grade mineralization while exploring additional satellite zones throughout the property. Highlights [...]
Gold Mountain Mining Corp. is pleased to announce that it has received its Notice of Departure to begin mine construction at its 100% owned Elk Gold Project located near Merritt. The Company anticipates construction to begin in May 2021 and is the first major operating catalyst to ore delivery in Q4 2021. Highlights On April 29, the Company [...]