Metanor Resources Inc. announces that it has undertaken to complete a brokered private placement and will be offering, through Secutor Capital Management Corp.: i) a maximum 40,000,000 units priced at $0.05 each, which consist of one common share and one common share purchase warrant having an exercise price of $0.065 and a term of 36 months, for maximum proceeds of $2,000,000; and (ii) 33,333,333 flow-through units priced at $0.06 each, which consist of one flow-through common share and one half of one common share purchase warrant having an exercise price of $0.065 and a term of 36 months, for maximum proceeds of $2,000,000 and gross aggregate proceeds of $4,000,000.
FISSION URANIUM CORP. updates shareholders on the important progress being made to create long-term value and corrects some inaccuracies released by an isolated entity with no experience in uranium exploration, which threatens to distract shareholders from the momentum Fission has.
Kapuskasing Gold Corp. is pleased to announce that initial prospecting and outcrop sampling programs at its Golden Route and Chapleau West properties is to begin immediately and will be carried out by Mike Tremblay, the Company's chief advisor. Funding for each has been received from the Ontario Exploration Corporation.
Eurasian Minerals Inc. is pleased to announce that it has regained 100% control of the Akarca gold-silver project in Turkey. EMX had an agreement with Çolakoglu Ticari Yatirim A.S., a privately owned Turkish company, for an option to acquire EMX's 100% owned subsidiary, AES Madencilik A.S., a Turkish corporation that controls the Property.
Tombstone Exploration Corporation, a fully reporting company, announced today that the Company has contracted Zonge International to perform ground geophysics across the 400 Acre claim block recently staked by Tombstone in the Eagletail Mining District, Yuma County, Arizona.
INCA ONE GOLD CORP. and MONTAN MINING CORP. along with the shareholders of GOLDSMITH RESOURCES SAC, a private Peruvian company, are pleased to announce that the Companies have entered into a binding letter agreement pursuant to which Inca One has agreed to acquire certain assets of Montan.
The Company has been unable to achieve profitability at the Velardena Properties due primarily to low silver and gold prices and lower average mill feed grades and gold recoveries than expected.
With energy accounting for 20-40% of operational costs, mines are looking to renewables to drive affordable and secure power solutions for grid-tied and remote operations. This January 28-29, leading mining executives will meet with renewable energy, finance and legal experts to network and explore renewable power options at the Energy and Mines London Summit.
Cyprium Mining Corporation is pleased to announce that it has closed the acquisition of a 53% controlling interest in a joint venture (the "Joint Venture") which owns: (i) the exclusive exploitation and exploration rights of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico; (ii) the exclusive rights of possession, usage and operations to the San Guillermo processing facility which is located seven kilometers from the Potosi silver mine; as well as (iii) all of the exclusive exploration and exploitation rights to a property adjacent to the south of the Potosi silver mine known as La Chinche (collectively the "Joint Venture Assets").
Sandvik Mining and Getman Corporation have entered into a global distribution agreement under which Sandvik Mining will be the exclusive global distributor of Getman's products (with exception of a few geographies).
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