Azarga Metals Corp. has delivered a notice to Baker Steel Resources Trust Limited indicating that it wishes to exercise its option to pay the semi-annual interest owed on the US$3.5 million, now fixed at C$4,692,550, convertible debt to BSRT in shares. Interest owed on 10 April 2020 is C$160,071 that will be settled by the issue of 2,134,283 common [...]
HIGHLIGHTS 2019-2020 phase 2 drilling results to date demonstrate: Copper-silver mineralization is now consistently drill-confirmed over a strike length of 5.5 kilometers - an extension of 2.1 kilometers over the previous strike Oxide copper-silver mineralization extends over a 4.5-kilometer strike length and to 180-190 meters depth Sulphide [...]
Azarga Metals Corp. is pleased to announce that Baker Steel Resources Trust Ltd. and the Company have executed an amendment to the Secured Convertible Loan Facility Agreement to consummate the terms of the binding terms sheet announced on March 26, 2020. The third advance of US$500,000 has been received by the Company. Chairman, Alex Molyneux [...]
Azarga Uranium Corp. is pleased to announce that the Company has identified additional uranium mineralization at its Gas Hills Uranium Project in Wyoming, USA . The Company identified this additional uranium mineralization through the analysis of historical data procured by the Company . The Gas Hills Project is located approximately 250 miles from [...]
Azarga Metals Corp. is pleased to announce that it has executed a Binding Term Sheet with Baker Steel Resources Trust Ltd. , setting out the terms on which BSRT will, subject to satisfaction of certain conditions, increase its investment in the Company by an additional US$500,000 under the Secured Convertible Loan Facility Agreement announced on [...]
HIGHLIGHTS 86 meters of mineralization with an average grade of 0.6% copper and +57.6g/t silver intersected in drill-hole AM19-004 - by far, the widest mineralized intersection recorded in Unkur's history Drill-holes AM19-002 and AM19-003b intersected copper and silver mineralization some two kilometers to the southeast along strike from the [...]
Azarga Metals Corp. reports the ongoing diamond drilling program on its Unkur Copper-Silver Project in Eastern Russia is making good progress with over 1,000 meters completed to date of the 6,000 meter program. Two recent drill holes numbered AM19-002 and AM19-003b which were drilled at Unkur Southeast target, two kilometers southeast of the [...]
Azarga Metals Corp. on 23 October 2019, issued to Baker Steel Resources Trust Limited a total of 1,470,443 common shares to settle its semi-annual interest payment of US$66,849 as announced on 11 October 2019. The US$3 million convertible loan from BSRT enabled Azarga Metals to start an aggressive exploration program earlier this year on its Unkur [...]
Azarga Metals Corp. reports that the results and interpretation of the recently completed geophysical surveys on its Unkur Copper-Silver Project in Eastern Russia have identified multiple additional exploration drilling targets. The works included a property-wide ground magnetic survey and nine induced polarization traverses, totaling 28-line [...]
Azarga Metals Corp. has delivered a notice to Baker Steel Resources Trust Limited indicating that it wishes to exercise its option to pay the semi-annual interest owed on the US$3 million convertible debt to BSRT in shares. Interest owed on the first semi-annual interest payment date of 12 October 2019 is the Canadian equivalent of $88,227 that [...]
Azarga Metals Corp. is delighted to announce that at the 15th Russian Mining and Exploration forum Minex Russia 2019 that took place in Moscow on the 8-9th October 2019, the Unkur copper-silver project presented by Dr. Alexander Yakubchuk, Vice President Exploration for Azarga Metals won a Gold Prize at the MineInvest competition for the best [...]
Azarga Metals Corp. reports that a geophysical survey on its Unkur Copper-Silver Project in Eastern Russia has recently been completed and a drilling program has commenced. Since starting work in early August, a geophysical contractor has now completed both a ground magnetic survey and nine induced polarization traverses, totaling 28-line [...]
