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ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Catches Wall Street’s Attention, Offers Sustainable Way to Gain Exposure to Gold
Globenewswire· 2025-06-05 12:30
Company Overview - ESGold Corp. is a fully permitted preproduction resource company focused on clean mining and exploration innovation, with expertise in Quebec [4] - The company's flagship Montauban property, located 80 kilometers west of Quebec City, is designed for responsible mining practices and has both near-term production capabilities and district-scale discovery potential [4] Industry Insights - Gold prices surpassed $3,000 per ounce in May 2025, outperforming major indices like NASDAQ and S&P 500, as well as bitcoin, indicating a shift in Wall Street's focus towards gold as a dependable hedge amid rising U.S. debt-to-GDP above 120% and negative real interest rates [2][3] - Institutional investors are seeking new opportunities beyond traditional holdings such as bullion and ETFs, which are perceived to offer limited upside [2][3] Investment Opportunity - ESGold Corp. presents an attractive investment opportunity due to its clean balance sheets, high internal rates of return (IRR), and scalable, revenue-generating operations [3] - The acceleration of gold purchases by central banks and the financial markets' search for sustainable exposure to gold further enhance the appeal of ESGold as a mining company [3]
Solaris Enters into US$200 Million Financing Agreements with Royal Gold to Advance the Warintza Project
GlobeNewswire News Room· 2025-05-21 10:00
Core Viewpoint - Solaris Resources Inc. has secured a US$200 million financing arrangement with RGLD Gold AG, which includes a gold stream and net smelter return royalty, aimed at enhancing liquidity and supporting the Warintza project development [2][3][5]. Financing Agreements - The financing package consists of a non-dilutive US$200 million funding, with US$100 million available immediately, to repay senior secured debt and fund derisking activities until a final investment decision (FID) [5][6]. - The structure of the financing aligns with Solaris' strategy to maximize shareholder value through non-dilutive means, reinforcing Warintza's status as a tier 1 copper asset [3][5]. Project Development - The financing will support technical studies, permitting activities, early infrastructure development, and general working capital, ensuring the company is funded through to FID [6][21]. - The company plans to publish a Pre-Feasibility Study (PFS) in Q3 2025, followed by a Bankable Feasibility Study [18][19]. Strategic Relationships - Partnering with Royal Gold is expected to provide competitive capital costs and a strategic relationship that enhances project flexibility [4][5]. - The financing structure allows for future project financing while maintaining strategic optionality around the Warintza project [17]. Market and Economic Context - The financing reflects strong investor confidence in Ecuador as a mining jurisdiction, supported by government commitment to the sector [4][19]. - The recent political continuity in Ecuador, following the re-election of President Daniel Noboa, is seen as beneficial for the mining sector [19]. Exploration Potential - Solaris retains significant exploration upside within the Warintza district, with commercial optionality around high-priority targets [5][14]. - The company is also advancing exploration across its broader land package of over 260 km², which includes several high-priority regional targets [21].
FLS to deliver full flotation technology package to one of the world’s largest and most efficient iron ore beneficiation plants
Globenewswire· 2025-05-13 10:53
Core Insights - A progressive Indian miner and steelmaker has chosen FLS to supply a comprehensive flotation technology package for a new iron ore beneficiation plant, which is expected to be one of the largest and most efficient globally [1] - The plant will utilize domestic low-grade iron ore, which will be upgraded to a high-purity final product using FLS flotation systems [1] Group 1: Technology and Performance - FLS conducted extensive laboratory and on-site pilot testing to develop a beneficiation flowsheet that ensures high metallurgical performance and operational flexibility [2] - The selected technology includes FLS nextSTEP™ flotation cells, equipped with mechanical and process condition monitoring, along with KREBS millMAX pumps for froth and slurry transport [2] Group 2: Customer Relationship and Orders - This order marks the third consecutive purchase from the customer within six months, with the iron ore being processed from 18 vertical tower mills ordered from FLS for Q1 2025 [3] - The customer also ordered two high-pressure grinding rolls (HPGRs) from FLS in Q4 2024, along with additional KREBS pumps and hydrocyclones for the grinding circuits [3] Group 3: Installation Timeline and Impact - All FLS technologies are expected to be installed and commissioned during 2026/2027 [4] - The CEO of FLS emphasized the significance of this order as a testament to strong customer relations and confidence in FLS's market-leading technologies, which will lead to reductions in energy, water, and grinding media consumption [5] Group 4: Order Details - The order was booked in Q2 2025, although the value of the order has not been disclosed [6]
Perpetua Resources Announces First Quarter 2025 and Recent Highlights
Prnewswire· 2025-05-12 11:16
BOISE, Idaho, May 12, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that its unaudited condensed consolidated financial results for the period ended March 31, 2025 were filed. For details, please see the Company's filings available on EDGAR and SEDAR.Perpetua Resources' vision is to provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and highest-grade open pit gold ...
Hudbay Publishes 2024 Annual Report, “Built to Grow”
Globenewswire· 2025-05-05 20:07
Core Insights - Hudbay Minerals Inc. reported significant achievements in 2024, demonstrating the strength of its operations and project pipeline, while also focusing on sustainability and community engagement [2][10]. Financial Performance - The company met and often exceeded its consolidated production and cost goals for 2024, improving its balance sheet by reducing debt and enhancing free cash flow [2]. - Hudbay's commitment to cost discipline has created value for shareholders [2]. Operational Achievements - Significant permitting milestones were achieved, extending the life of existing operations and creating opportunities for new mines [2]. - The company launched the "Unidas" program in Peru to foster inclusion and support for women in the workplace [5]. Health and Safety - Hudbay's health and safety performance in Peru achieved level AAA ratings across all indicators, with British Columbia and Manitoba also showing strong performance [5]. - A critical risk management program was implemented to eliminate injuries and fatalities [5]. Community Engagement - Hudbay engaged in over 7,500 interactions with more than 3,480 local stakeholders in 2024, focusing on building constructive relationships [6]. - The company created an Indigenous relations strategy in Manitoba to guide efforts towards economic reconciliation [8]. Environmental Commitment - Hudbay's climate change strategy includes specific GHG emissions reduction targets for each business unit, aiming for a 99% reduction in Scope 2 emissions intensity in Peru by 2030 [9]. - The company received level AAA ratings for biodiversity conservation in Peru and Manitoba, reflecting its commitment to sustainable practices [9]. ESG Performance - Hudbay earned an "A" overall ESG rating in MSCI's latest annual ranking, placing it in the "Leaders" category for effective management of ESG risks [9].
EnviroGold Global Announces Appointment of Paul McRae as Non-Executive Chair
Globenewswire· 2025-05-05 11:00
TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) ("EnviroGold," or the "Company"), a clean technology company unlocking significant value from mine waste and tailings while promoting environmental and social sustainability, is pleased to announce the appointment of Mr. Paul McRae as Non-Executive Chair (the "Chair") of the Board effective May 1, 2025. The Company also announces the transition of Mr. Allan Bezanson from Chair to Non-Executive Director. ...
Comstock to Host First Quarter 2025 Earnings and Business Update Call
Globenewswire· 2025-04-29 10:30
VIRGINIA CITY, Nev., April 29, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) is pleased to announce that the Company’s Executive Chairman & CEO, Corrado De Gasperis, and COO, William McCarthy will be providing an overview of recent financial results and current business updates on Thursday, May 8, 2025, at 4:30pm ET. We invite all investors and other interested parties to register for the webinar at the link below. Date: Thursday, May 8, 2025Time: 4:30pm ETRegister: Webi ...
Yukon Metals Announces 2025 Birch Property Drilling Campaign and Exploration Plans
Globenewswire· 2025-04-23 13:00
Core Viewpoint - Yukon Metals Corp. is set to launch a comprehensive exploration program at its Birch Property, focusing on copper-gold targets, with a planned 3,000-meter diamond drilling campaign and regional exploration initiatives [1][3][5]. Exploration Program Details - The 2025 exploration program will build on successful geophysical surveys, soil sampling, and geological mapping conducted in 2024, targeting Induced Polarization and airborne magnetic anomalies associated with surface soil anomalies [3][4]. - Drilling will focus on high-grade copper-gold skarn targets, with previous rock-chip samples showing grades up to 14.1 g/t gold and 2.42% copper [5][6]. - The program includes regional soil sampling and alteration mapping to explore northern and eastern extensions of 2024 anomalies, with soil samples showing gold levels up to 0.99 g/t across a 1,400-meter strike length [5][4]. Community Engagement - Yukon Metals emphasizes collaboration with local contractors, including New Age Drilling and Vision Quest, to ensure responsible exploration and meaningful partnerships within the local community [3][6]. Geological Context - The Birch project is located within the Yukon-Tanana Terrane, characterized by a variety of geological formations, including schists and marble units, which are conducive to mineralization [7][8]. - Historical exploration in the area has identified copper, zinc, and molybdenum mineralization, with renewed interest in gold exploration since the early 2010s [9]. Company Background - Yukon Metals Corp. is well-financed and has a property portfolio built on over 30 years of prospecting, focusing on copper-gold and silver-lead-zinc assets [13][14]. - The company aims to foster sustainable growth within local communities while enhancing shareholder value through inclusive strategies [14][15].
Solaris completes Warintza drilling campaign and advances key de-risking milestones ahead of major near-term value catalysts
Globenewswire· 2025-04-22 11:00
Core Insights - Solaris Resources Inc. has completed a significant drilling campaign at its Warintza Project in Ecuador, enhancing the value of this major copper asset [2][12] - The company aims to upgrade a substantial portion of Inferred Resources to Measured and Indicated categories with an updated Mineral Resource Estimate targeted for Q3 2025 [3][12] - Political stability in Ecuador, reinforced by the re-election of President Daniel Noboa, supports the company's progress on permitting and stakeholder engagement [7][12] Drilling and Resource Development - Over 82,000 metres of infill drilling were completed between January 2024 and February 2025, with additional geotechnical, hydrogeological, and metallurgical drilling [3][4] - A total of over 200,000 metres have been drilled across the Warintza Central and East porphyry systems, supporting a flexible mine plan that reduces initial capital requirements [4] - The company is advancing its Pre-Feasibility Study, with completion targeted for Q3 2025, transitioning into a Bankable Feasibility Study thereafter [8][12] Infrastructure and Technical Advancements - Solaris has completed 20 kilometres of internal road access, facilitating year-round access to project areas and reducing construction costs [6] - The company is collaborating with Ecuador's Ministries of Environment and Mines on the Environmental Impact Assessment, with approval expected by mid-2025 [7][12] Community and Stakeholder Engagement - Solaris is committed to a participatory mining model, fostering local partnerships and social license while aiming for a Final Investment Decision by the end of 2026 [9][12] - The company emphasizes sustainable and responsible development, focusing on creating lasting value for all stakeholders [11][12]
WESTERN COPPER AND GOLD PROVIDES INFRASTRUCTURE UPDATE
Prnewswire· 2025-04-10 11:30
Core Viewpoint - Western Copper and Gold Corporation is advancing infrastructure initiatives to support the Casino Copper-Gold Project, which is crucial for both the project and the Yukon region's development [1][2]. Infrastructure Initiatives - The B.C.-Yukon Grid Connect Project received conditional approval for $40 million in funding from Natural Resources Canada, with the Yukon Development Corporation committing an additional 25% [4]. - The Yukon Resource Gateway Project has expanded to include the Dempster Highway, although some funding for the Casino Copper-Gold Access Road has been redirected to support this initiative [5]. - A transportation study for shipping concentrate from the Casino Project to the Port of Skagway has been completed, identifying several promising transportation alternatives with costs in line with previous estimates [6]. Economic Context - The recent economic volatility has highlighted the resilience of the Casino Project, particularly due to the favorable copper-gold commodity mix and a significant increase in gold prices, which rose nearly US$750 per ounce [3]. - There is growing political support for mining in Canada, which is expected to positively impact the Casino Project [3]. Company Commitment - The company is dedicated to collaborating with First Nations and local communities to ensure responsible mining practices are employed in the development of the Casino Project [8].