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American Tungsten Advances Rehabilitation Efforts at IMA And Enters into LOI for U.S-based Offtake
Globenewswire· 2025-09-24 11:00
Core Insights - American Tungsten Corp. is making significant progress on the Zero Level rehabilitation project at the IMA Mine, achieving key milestones as of September 20, 2025 [1][3]. Strategic Developments - The company has entered into a Letter of Intent (LOI) with Global Tungsten & Powders, a major tungsten processor, which is expected to enhance its position as a leading domestic supplier of high-grade tungsten [3][4]. - The Zero Level access tunnel rehabilitation has reached 115 feet, with ongoing efforts in the main collapsed zone estimated to span approximately 50 feet [4]. - The company is fully funded for resource definition drilling and technical studies, positioning itself to unlock significant value from the IMA Mine [3][4]. Operational Updates - A site visit conducted on September 15-16, 2025, confirmed the progress of rehabilitation work, with positive feedback from the MSHA inspector regarding the quality of work completed [4]. - Radon measurements within the tunnel showed a zero reading, indicating a safe working environment [4]. Project Overview - The IMA Mine is an advanced tungsten-molybdenum property located in Idaho, with the potential for immediate production restoration [11][12]. - The company holds an exclusive option to acquire full ownership of the mine, subject to a 2% royalty, and has expanded its land position with an additional 113 federal claims covering nearly 2,000 acres [12].
iMetal Resources to Present at the Emerging Growth Conference
Newsfile· 2025-09-23 07:15
Company Overview - iMetal Resources Inc. is a Canadian-based junior exploration company focused on the exploration and development of resource properties in Ontario and Quebec [7] - The flagship property, Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5 meters at 0.85 grams per tonne (g/t) gold [7] - Other notable properties include the 220-hectare Ghost Mountain property and the Carheil project, which has multi-metal potential [7] Conference Details - iMetal Resources Inc. will present at the Emerging Growth Conference on September 25th, 2025, at 12:35 PM Eastern time for a duration of 30 minutes [1][3] - The presentation will be interactive, allowing attendees to submit questions in advance or during the event [3] - An archived webcast of the conference will be available for those unable to attend live [4] Conference Significance - The Emerging Growth Conference provides a platform for public companies to present new products, services, and major announcements to the investment community [5] - The conference targets a wide audience, including individual and institutional investors, investment advisors, and analysts [6]
Lancaster Resources Commences Field Work for Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia
Globenewswire· 2025-08-14 16:21
Core Viewpoint - Lancaster Resources Inc. has initiated desk and field work at its 100%-owned Lake Cargelligo Gold Project in New South Wales, Australia, marking a significant step towards completing its maiden National Instrument 43-101 Technical Report, which is essential for advancing the project [1][3]. Group 1: Project Details - The Lake Cargelligo Project spans 28,768 hectares and is strategically located in the Lachlan Fold Belt, known for its historical high-grade gold and silver occurrences [2]. - Initial field activities will involve geological mapping and rock chip sampling to refine exploration targets and prepare for a focused drilling program [2]. Group 2: Historical Results and Future Plans - Historical work on the project has yielded impressive results, including rock chip samples with grades up to 204 g/t Au and 273 g/t Ag, and channel sampling intercepts of up to 16m at 5.83 g/t Au and 7.20 g/t Ag [8]. - The company aims to complete the NI 43-101 Technical Report by August 31, 2025, which will serve as a foundation for systematic exploration and resource definition [3]. Group 3: Investor Relations - Lancaster Resources has engaged Ora IR Services Inc. for investor relations support, granting them 1,800,000 stock options at an exercise price of $0.10 per share, with anticipated monthly cash compensation between $10,000 and $20,000 [4]. Group 4: Company Overview - Lancaster Resources Inc. is focused on building a portfolio of exploration assets, holding interests in various projects including the Piney Lake Gold Project in Saskatchewan and uranium projects in the Athabasca Basin, in addition to the Lake Cargelligo Gold Project [6].
Rio Silver Amends Maria Norte Terms
Globenewswire· 2025-08-12 13:20
Core Viewpoint - Rio Silver Inc. has amended the terms of its acquisition of the Maria Norte Project from Peruvian Metals Corp, eliminating the net smelter royalty and adjusting payment securities [1][2]. Group 1: Transaction Details - The amended terms include the elimination of the net smelter royalty to Peruvian Metals Corp [2]. - Rio Silver will issue 3,000,000 shares and 1,000,000 share purchase warrants to Peruvian, with warrants exercisable at $0.15 per share for two years post-approval [2]. - Rio Silver will make a payment of $22,500 to Peruvian, while maintaining semiannual "Option Payments" of $25,000 totaling $250,000 [2]. Group 2: Company Overview - Rio Silver is focused on acquiring precious metal assets that can generate near-term cash flow to support its exploration and development plans [3]. - The company expresses optimism regarding Peru's supportive mining policies and ongoing investment in the region [3].
Alkane Resources (ALK) 2025 Conference Transcript
2025-08-06 04:25
Summary of Alkane Resources (ALK) 2025 Conference Call Company Overview - Alkane Resources has recently completed a merger with Mandalay Resources, with the court in British Columbia ratifying the merger [2][3] - The new board has been formed, and the first board meeting is scheduled [3] Financial Performance - The combined market capitalization is approaching AUD 1 billion, with expectations to enter the ASX 300 and double the share in the GDXJ index [4][36] - As of June 30, the company has AUD 219 million in cash, indicating strong financial health [5] - Last year, the company produced approximately 161,000 ounces of gold equivalent and anticipates increased production this year [3][34] Production and Assets - The company operates three mines: Costerfield (Victoria), Tomingley (New South Wales), and Bjorkdal (Sweden) [3][7] - Production breakdown: - Tomingley: Over 70,000 ounces of gold last year [7] - Costerfield: Just under 50,000 ounces equivalent [7] - Bjorkdal: Just under 40,000 ounces [7] - The company aims to increase production across all three assets [7][34] Growth Opportunities - Significant drilling programs are planned, with an investment of AUD 40-50 million across the group [19] - The Bodder Kaiser project is highlighted as a large undeveloped resource with an estimated 15 million ounces equivalent, making it the second-largest undeveloped deposit in Australia [30][31] - The company is focused on internal growth options before pursuing further acquisitions [10] Market Position and Strategy - Alkane Resources is positioned as the largest Western producer of antimony and is looking to capitalize on market opportunities [20][21] - The company emphasizes the stability and profitability of mining operations in New South Wales and Victoria, countering negative perceptions [29] Conclusion - Alkane Resources is poised for growth with a solid financial foundation, a strong production outlook, and significant exploration and development plans [34][36] - The company encourages stakeholders to reassess its value in light of recent developments and market positioning [36]
Greatland Resources (G8G) 2025 Conference Transcript
2025-08-05 05:05
Summary of Greatland Resources (G8G) Conference Call Company Overview - Greatland Resources Limited is a mining company focused on gold and copper production, primarily operating in the Paterson province of Western Australia. The company owns the Telfer asset and the nearby Havron project, both significant in size and production capacity [2][3]. Key Financial Highlights - In the first seven months of ownership, Greatland produced 198,000 ounces of gold and copper, generating over $600 million in free cash flow [3]. - As of June 30, 2025, the company is debt-free with $575 million in cash [3]. - For FY '26, production guidance is set at 260,000 to 310,000 ounces of gold, with an all-in sustaining cost of $2,400 to $2,800 per ounce. This represents an 11% reduction in ounces and a 4% increase in costs compared to previous targets [3]. Resource and Production Capacity - Greatland has a resource base of over 10 million ounces of gold and 387,000 tonnes of copper [4]. - The company plans to conduct 240,000 meters of resource development drilling in FY '26, the most extensive drilling program in Telfer's 50-year history [4][22]. Historical Context of Telfer - Telfer is the third-largest gold processing center in Australia, with a history dating back to the 1970s [2][5]. - The site has undergone significant expansions and technological advancements over the decades, including the construction of a new mill and underground mining operations [10][12]. Strategic Vision and Operational Focus - Greatland aims to enhance productivity across Telfer and Havron, leveraging existing infrastructure to extend mine life and improve operational efficiency [17][19]. - The company emphasizes community engagement and has successfully renewed its mining lease, reflecting strong local relationships [18]. Competitive Advantages - Greatland is the only operating infrastructure provider in the Paterson area, giving it a monopoly advantage in processing capacity [19][20]. - The company is focused on life extension opportunities at Telfer and new discoveries in the region, which are seen as significant growth drivers [20]. Investment in Infrastructure and Technology - Greatland is investing in productivity improvements, including increasing underground development from 200 meters to over 400 meters per month [22]. - The company is refurbishing its open pit fleet and enhancing underground operations to ensure a robust mine plan [25][26]. Havron Project Potential - The Havron project is characterized by high-grade ore and is expected to benefit from existing Telfer infrastructure, making it a cost-effective development opportunity [31][32]. - Initial drilling results from Havron indicate a high yield of ounces per vertical meter, suggesting efficient mining operations [32][33]. Future Plans - A feasibility study for Havron is expected to be published in December 2025, with plans to potentially increase its capacity significantly [34]. - Greatland is exploring options to enhance its operational efficiency and reduce capital intensity through improved infrastructure and mining techniques [34]. Conclusion - Greatland Resources is positioned for growth with a strong asset base, significant cash reserves, and a strategic focus on operational efficiency and community engagement. The company is optimistic about its future production capabilities and the potential of the Havron project [34].
Hycroft Mining Holding (HYMC) Earnings Call Presentation
2025-07-07 12:24
Resource Highlights - Total Measured and Indicated (M&I) Gold Resources are 106 million ounces [11] - Total Inferred Gold Resources are 34 million ounces [11] - Total M&I Silver Resources are 361 million ounces [11] - Total Inferred Silver Resources are 96 million ounces [11] - Total M&I Gold Equivalent Resources are 152 million ounces [14] - Total Inferred Gold Equivalent Resources are 46 million ounces [14] - The resource area comprises less than 10% of the company's land package [22, 40, 44, 85] Financial Position - Cash position was approximately $397 million as of March 31, 2025 [9, 24] - An additional $277 million was held as restricted cash [24] Exploration and Development - The company has made a new high-grade silver discovery [9, 22, 33] - Average flotation recoveries are 10% higher than previously modeled, with 89% gold and 93% silver recovery [33]