Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce the signing of an Exploration and Option Agreement (the "Agreement"), through its wholly owned subsidiary Bronco Creek Exploration, Inc. ("BCE"), for the Hardshell Skarn project (the "Project") with Arizona Minerals Inc. ("AZ Minerals"), a subsidiary of Arizona Mining Inc. The Project is located approximately 75 kilometers southeast of Tucson, Arizona within the Patagonia Mountains and adjacent to AZ Minerals' advancing Hermosa project.
First Mining Finance Corp. ("First Mining") and Goldrush Resources Ltd. ("Goldrush") are pleased to announce that the companies have entered into a definitive agreement (the "Agreement") pursuant to which First Mining has agreed to acquire all of the issued and outstanding common shares of Goldrush in exchange for 0.0714 of a common share of First Mining for each Goldrush Share held. On completion of the transaction, Goldrush will become a wholly-owned subsidiary of First Mining and former shareholders of Goldrush will hold approximately 3.9% of the issued and outstanding shares of First Mining.
Comstock Mining Inc. (the "Company") announced that, on Friday, November 20, 2015, in conjunction with American Mining and Tunneling LLC ("AMT"), it has completed construction of the first phase of the entire 800 foot underground exploration drift ("Harris Portal") at the north end of the existing Lucerne Surface Mine.
Abacus Mining & Exploration Corporation ("Abacus" or the "Company") is pleased to announce that the Ajax Project's Application/Environmental Impact Statement (the 'Application/EIS') has passed through the screening process by the B.C. Environmental Assessment Office and has been accepted for formal review. This clears the way for official submission of the Application/EIS to the provincial and federal governments.
Prophecy Development Corp. ("Prophecy" or the "Company") is pleased to provide the following update on progress at its Pulacayo project:
Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd., and Chen Jinghe, Chairman of Zijin Mining Group Co., Ltd., jointly announced today that Ivanhoe and Zijin have agreed to complete Zijin's investment in Ivanhoe's Kamoa Copper Project in the Democratic Republic of Congo on or before December 8, 2015.
Management of EXPLORATION KHALKOS. ("Khalkos") is pleased to announce the acquisition of the full interest of four Golden Share properties in Quebec. The agreement allows Khalkos to obtain 100% of the mining rights of Malartic Lake Shore, Forsan and Lac Chevrier properties as well as 50% of the Blondeau-Guillet property held by Golden Share. In return, Khalkos will issue 1.5 million of its common shares to Golden Share.
UEX Corporation ("UEX") and AREVA Resources Canada Inc. ("AREVA"), the operator, are pleased to announce the 2016 exploration budget for the Western Athabasca Joint Venture ("WAJV") Projects of $2.2 million, of which UEX has indicated its intention to fund approximately $662,800.
Bannerman Resources Limited is pleased to report further positive results from Phase 2 of the Etango Heap Leach Demonstration Plant Program. The results continue to strongly support the assumptions and projections incorporated in the Etango Definitive Feasibility Study ("DFS") and DFS Optimisation Study.
Peabody Energy announced today that it has entered into a definitive agreement to sell its New Mexico and Colorado coal assets to Bowie Resource Partners, LLC for $358 million in cash, subject to customary working capital adjustments. Bowie will also assume approximately $105 million in related liabilities.
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