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Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters’ Option for Gross Proceeds of $23,003,105
Globenewswire· 2025-06-16 14:24
Core Points - Goliath Resources Limited has successfully closed a "bought deal" private placement of 7,256,500 common shares at a price of C$3.17 per share, raising gross proceeds of C$23,003,103 [1] - The company is also finalizing a concurrent non-brokered private placement of up to 1,281,545 shares for additional gross proceeds of up to C$4,062,500 [2] - The offering was led by Stifel Nicolaus Canada Inc. and included a cash commission of 6.0% and 435,390 common share purchase warrants for the underwriters [3] Use of Proceeds - The gross proceeds from the offering will be utilized to advance exploration of the Golddigger-Surebet Project, focusing on Canadian exploration expenses and flow-through critical mineral mining expenditures [4] - The expenses will be incurred by December 31, 2026, and will be renounced to subscribers by December 31, 2025 [4] Regulatory and Compliance Information - All shares were issued under the "listed issuer financing" exemption and are not subject to a statutory hold period, while the broker warrants are subject to a hold period expiring on October 17, 2025 [5] - The offering is pending final approval from the TSX Venture Exchange [5] Company Overview - Goliath Resources Limited is focused on exploring precious metals projects in the Golden Triangle of northwestern British Columbia, with a commitment to high-quality geological settings and safe mining jurisdictions [8] - The company has strategic shareholders including Crescat Capital and McEwen Mining Inc. [8]
Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters' Option for Gross Proceeds of $23,003,105
GlobeNewswire News Room· 2025-06-16 14:24
Group 1 - Goliath Resources Limited has closed a "bought deal" private placement of 7,256,500 common shares at a price of C$3.17 per share, raising aggregate gross proceeds of C$23,003,103 [1] - The company is also completing a concurrent non-brokered private placement of up to 1,281,545 Charity Flow-Through Shares for gross proceeds of up to C$4,062,500 [2] - The Offering was led by Stifel Nicolaus Canada Inc. and included a cash commission of 6.0% and 435,390 common share purchase warrants [3] Group 2 - Proceeds from the Offering will be used to advance exploration of the Golddigger-Surebet Project and to incur Canadian exploration expenses [4] - The Charity Flow-Through Shares will allow individual subscribers in British Columbia to claim a provincial non-refundable tax credit equal to 20% of their flow-through mining expenditures [4] Group 3 - All Charity Flow-Through Shares were issued under the "listed issuer financing" exemption and are not subject to a statutory hold period [5] - The Offering is subject to final approval from the TSX Venture Exchange [5] Group 4 - Goliath Resources is focused on precious metals exploration in the Golden Triangle of northwestern British Columbia, with projects in high-quality geological settings [8] - Key strategic shareholders include Crescat Capital and McEwen Mining Inc. [8]
Blue Moon Metals Completes First Blast on Nussir Access Portal Ahead of Schedule
Globenewswire· 2025-06-16 10:45
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; OTCQX: BMOOF), is pleased to announce that the company has commenced underground construction on the Nussir Mine completing the first blast on the access portal on June 12, 2025; ahead of schedule. Nussir’s mining contractor, Leonhard Nilsen & Sonner AS (“LNS”) will extend the decline approximately 2,500 meters providing a platform for further underground exploration. The exploration work to be compl ...
Group Eleven Announces $2.2 Million in Early Warrant and Option Exercises and Provides Update on Carrickittle West 'Pallas Green Lookalike' Target
Newsfile· 2025-06-16 10:00
Core Viewpoint - Group Eleven Resources Corp. announced early warrant and option exercises totaling $2.2 million, enhancing its financial flexibility for ongoing drilling activities at the Carrickittle West prospect in Ireland, which is considered a promising target for mineralization [2][6]. Drilling and Exploration Update - Drilling at the Ballywire discovery continues with three rigs, having completed nine new holes, with significant results indicating the presence of brecciation, faulting, and hydrothermal fluids [4][5]. - The Carrickittle West prospect, which includes the Stonepark and PG West projects, is located near Glencore's Pallas Green deposit, with the potential to host a similar mineralizing system [4][25]. - Key attributes observed in the drilling include significant pyrite and trace sphalerite, suggesting proximity to high-grade mineralization [4][5]. Financial Position - The company has received proceeds of $2,206,752 from early warrant and option exercises since a C$2.5 million placement closed on February 28, 2025, increasing its cash position to approximately C$4.3 million as of June 13, 2025 [5][6]. - This strengthened financial position allows the company to ramp up drilling activities in 2025 and extend operations into 2026 [6]. Target Areas and Results - The most significant target emerging from recent drilling is the Kilteely Prospect, which features a large breccia body spanning at least 1.5 km [5]. - Additional target areas at Carrickittle West include the Bruff Prospect, which has shown extensive dolomitization and hydrothermal fluid flow, indicating potential for further mineralization [5][6]. - Future drilling plans include targeting the base of the Waulsortian Limestone on the hanging wall of the Kilteely Fault, with follow-up drilling warranted based on current findings [10][11].
Africa: Zimbabwe Gold Rally Brings Riches to Rural Artisanal Miners
Bloomberg Television· 2025-06-14 05:00
Gold Market Overview in Africa - Informal gold miners contribute approximately 60% of Zimbabwe's total gold output, a consistent ratio across the African continent [1] - Ghana projects earnings of approximately $12 billion from small-scale miners' output by the end of next year [2] - Central banks across Africa, including Ethiopia and Uganda, are increasing their gold reserves [2][3] Central Bank Strategies and Currency Impact - Goldman Sachs forecasts gold prices at $3,700 per ounce [4] - African central banks are following the trend of increasing gold reserves, similar to emerging markets like China, Poland, and India [5] - Kenya's central bank indicated intentions to add gold to its reserves, and Namibia is also considering this strategy [6] - Zimbabwe has introduced a gold-backed currency and is actively buying gold to strengthen its reserves [6][7] - Ghana's gold reserves have slightly exceeded 31 tons, contributing to the appreciation of the Ghanaian Cedi (CDs) by approximately 43% against the dollar [7][8]
Pampa Metals Announces $5 million LIFE Offering
Thenewswire· 2025-06-13 21:55
   June 13, 2025– Vancouver, British Columbia – TheNewswire - Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to announce a non-brokered private placement for gross proceeds of a minimum of $4,000,000 and a maximum of $5,000,000, through the issue of up to 31,250,000 shares at a price of $0.16 per share.  Canaccord Genuity Corp. has been appointed as financial advisor to the Company in connection with the LIFE Offering. The shares will be offered to pur ...
Southern Copper Corporation: Downside Risk Too High To Justify A Buy. I'll Pass For Now
Seeking Alpha· 2025-06-13 18:52
Group 1 - Southern Copper Corporation has recently achieved record revenue and net income, driven by high copper prices [1] - The future supply-demand balance of copper remains uncertain, which may impact the stock's performance [1] Group 2 - The analyst has over 10 years of experience researching various companies across different sectors, including metals and mining [1]
Terra Balcanica Welcomes Acquisition of Neighboring Producer in Bosnia and Herzegovina
Globenewswire· 2025-06-13 17:52
Vancouver, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10) welcomes the acquisition of Adriatic Metals (ADT.AX) by the Canadian Dundee Precious Metals (DPM.TO) in a cash-and-stock deal valued at C$1.3 billion (https://dundeeprecious.com/news-media/news-releases/dundee-precious-metals-announces-proposed-acquisit-10180/). This development highlights the unique geological and jurisdictional potential of Bosnia and Herzegovina w ...
国际金价创历史新高首饰金一天涨了13元
Sou Hu Cai Jing· 2025-06-13 10:34
扬子晚报讯(记者 范晓林 陈哲)6月13日COMEX黄金期货价格盘中持续波动,最高触及3467美元/盎司。国内实物金价也同步走高,周生生1033元/克、 周大福金价为1030元/克。 | 名称 | 价格 | 単位 | 更新日期 | | --- | --- | --- | --- | | 黄金价格 | 1030.00 | 元/克 | 2025-06- | | | | | 13 | | 黄金价格 | 1017.00 | 元/克 | 2025-06- | | | | | 12 | 6月13日,现货黄金站上3400美元/盎司,盘中最高触及每盎司3437美元,COMEX黄金期货最高冲上3455美元/盎司。 沪金期货跟涨,直逼800元/克。A股市场上黄金股走强,西部黄金一度涨停,四川黄金等跟涨。 | 黄金品牌 | 首饰名称 | 今日价格 | 报价时间 | | --- | --- | --- | --- | | 周大福 | 今日金价 | 1030元/克 | 2025-6-13 | | 周大福 | 是金价格 | 1030元/克 | 2025-6-13 | | 周大福 | 投资黄金类价格 | 910元/克 | 2025-6-1 ...
Dundee Precious Metals Announces Proposed Acquisition of Adriatic Metals
Globenewswire· 2025-06-13 06:30
Core Viewpoint - Dundee Precious Metals Inc. has agreed to acquire Adriatic Metals plc for an implied equity value of approximately $1.3 billion, which will enhance DPM's asset portfolio and production capabilities through the acquisition of the Vareš operation in Bosnia and Herzegovina [1][3][6] Strategic Rationale - The acquisition of Vareš is expected to create a premier mining business with a strong growth profile and high-quality development pipeline [2][3] - Vareš will significantly increase DPM's mine life and provide near-term production growth, cash flow diversification, and a prospective land package [4][6] - The transaction is anticipated to unlock further value for shareholders of both companies and benefit local communities [4][6] Vareš Overview - Vareš is a high-grade precious metals underground mine with an initial operating life of 15 years and a prospective land package of 4,400 hectares [5][7] - The mine is expected to ramp up production to 425,000 gold equivalent ounces by 2027 [6] Technical Report Highlights - The independent technical report prepared for Vareš indicates a mineral reserve of 9.5 million tonnes with an average gold equivalent grade of 9.21 grams per tonne [10][11] - The life of mine operating costs are projected at $1,050 million, with an all-in sustaining cost of $893 per gold ounce [10][11] Financial Metrics - The base case NPV5% for Vareš is estimated at $1.6 billion, with projected post-tax cash flow of $2.1 billion over the initial mine life [11][12] - Initial capital expenditures for the project are estimated at $76 million, with sustaining capital of $143 million over the life of the mine [12] Transaction Summary - Under the terms of the transaction, Adriatic shareholders will receive 0.1590 DPM shares and 93 pence in cash for each Adriatic share, valuing each Adriatic share at £2.68 [13][14] - Post-transaction, DPM shareholders are expected to own approximately 75% of the enlarged issued share capital [16][18] Closing Conditions - The transaction is subject to approval from Adriatic shareholders, court approval, and regulatory approvals, including from the Bosnian Competition Council [17][18]