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Newcrest has entered into agreements with TSX listed Lundin Gold Inc. to invest in Lundin Gold and farm-in to a selection of its exploration concessions in Ecuador. Lundin Gold is building the Fruta del Norte gold mine in Ecuador which is expected to have first production by the end of 2019.1 Transaction Highlights Newcrest to invest US$250 million [...]
Lucara Diamond Corp. wishes to announce that effective today, William Lamb will be retiring as Lucara's Chief Executive Officer and stepping down from the Board of Directors. Eira Thomas, a founder and director of the Company will be assuming the role of CEO. In addition, Catherine McLeod Seltzer, also a Lucara Co-Founder, will be joining the Board [...]
Lucara Diamond Corp. wishes to announce the acquisition of Clara Diamond Solutions Corp. , a company whose primary asset is a secure, digital sales platform that will transform how rough diamonds are sold, unlocking value for diamond producers and manufacturers alike. Clara uses proprietary analytics together with cloud and blockchain technologies [...]
Lundin Gold Inc. is pleased to announce a US$400 million equity private placement financing . The Private Placement, coupled with the recent lenders' commitments for a senior debt facility, substantially completes the funding requirements, based on current estimates, for the Fruta del Norte gold project in Ecuador . Subscribers to the Private [...]
US Oil Sands Inc. , an innovator of oil extraction technologies, today announces that it has commenced a sale solicitation process for the sale of the Company or its assets. On September 14, 2017, US Oil Sands announced that the Court of Queen's Bench of Alberta granted the application of the Company's lender, ACMO S.à R.L., to appoint FTI [...]
Pine Point Mining are pleased to announce the successful completion of their previously-announced arrangement pursuant to which, among other things, Osisko Metals acquired all of the issued and outstanding shares of Pine Point, and a newly-formed corporation, Generation Mining, has been created to hold all of the assets and liabilities of Pine [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Globex has received a zinc royalty payment of US $177,179 from Nyrstar for January 2018 production at the Mid Tennessee Mines based upon an average zinc price of US $ 1.56 per pound. Globex understands that the Mid Tennessee mill is at or near full capacity. The monthly royalty [...]
Maya Gold & Silver Inc. is pleased to announce that it has filed on SEDAR a Technical Report in compliance with National Instrument 43-101 to support the mineral resources estimates declared on January 8th and the PEA declared on February 5th 2018. This press release confirms the February 5th disclosure. The Corporation presents the results of an [...]
Newrange Gold Corp. is pleased to announce that the Company's systematic program of mapping and sampling at Pamlico has identified another very prospective, high-grade gold drill target referred to as "Tom's Hammer" where rock chip samples yielded up to 130 grams gold per tonne in mineralized sedimentary rocks of the East Zone -- North. Similar [...]
NGEx Resources Inc. is pleased to announce its results for the year ended December 31, 2017. HIGHLIGHTS On November 13, 2017, the Company acquired the 40% interest in the Josemaría project held by its joint exploration partner Japan Oil, Gas and Metals National Corporation for total cash consideration of US$21 million. The cash consideration [...]
Osisko Metals and Pine Point Mining are pleased to announce that Pine Point has received final approval from the Ontario Superior Court of Justice for the proposed arrangement pursuant to which, among other things, Osisko Metals will acquire all of the issued and outstanding common shares of Pine Point, and a newly formed spinco, Generation Mining [...]
Tarku Resources Ltd. announces that it has closed today a non-brokered private placement for gross proceeds of $321,000. The private placement consisted of 3,900,000 non-flow through units of the Company at a price of $0.05 per unit and 1,800,000 Flow-Through Shares of the Company at a price of $0.07 per share . Each non-flow through unit consists [...]