Core Points - Norsemont Mining Inc. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of CAD $2,895,699 by issuing 4,826,165 units at CAD $0.60 (USD $0.44) per unit [1][3] - Each unit consists of one common share and one-half of one warrant, with warrants priced at CAD $0.75 (USD $0.55) per share for a two-year period [1][2] - The proceeds will be utilized for phase 3 drill programs at the Choquelimpie Gold-Silver-Copper project in Northern Chile, focusing on deep drilling into copper porphyry zones and high-grade gold zones [3][9] Financial Details - The offering generated gross proceeds of CAD $2,895,699, which will support drilling and technical programs [1][3] - The common shares may be subject to a hold period of four months and one day for Canadian investors, with additional restrictions for U.S. investors [2] Project Overview - The Choquelimpie project has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [9] - The project includes over 1,700 drill holes and significant existing infrastructure, such as roads, power, water, and a 3,000-tonne-per-day mill [9] - Norsemont Mining holds a 100% interest in the Choquelimpie project, which is a previously permitted gold and silver mine with considerable exploration potential [9] Management Commentary - The CEO of Norsemont expressed gratitude for the support from existing shareholders and welcomed new strategic investors, emphasizing the importance of this funding for advancing the Choquelimpie project [5]

Core Viewpoint - Fredonia Mining Inc. has granted 985,000 stock options to purchase common shares at a price of $0.40 per share, primarily to directors and officers of the company [1][2]. Group 1: Stock Options - A total of 985,000 stock options have been granted, with 830,000 options allocated to directors and officers [1][2]. - Each option is exercisable for a period of five years and is subject to a four-month hold period [2]. Group 2: Company Overview - Fredonia Mining Inc. holds gold and silver license areas totaling approximately 18,300 hectares in the Deseado Massif geological region of Santa Cruz, Argentina [3]. - The company's flagship project is the El Dorado-Monserrat project, covering approximately 6,200 hectares, located near AngloGold Ashanti's Cerro Vanguardia mine [3].

Core Points - Bear Creek Mining Corporation has drawn down US$0.6 million from the 2025 Sandstorm Note, bringing the total drawn to US$4.2 million out of a maximum of US$6.5 million [1][2] - The remaining amount of US$2.3 million can be drawn down with prior approval from Sandstorm [1] - The funds will be utilized for general working capital purposes [1] - The 2025 Sandstorm Note has an interest rate of 7% per annum and matures on September 22, 2028, with deferred interest payments until December 31, 2025 [2] - The company has announced the departure of Mr. Eduardo Flores, Senior Vice President of Business Development, effective immediately [3] Financial Condition - As of December 31, 2024, the company reported a working capital deficiency of US$93.2 million [6] - The financial statements were prepared under the assumption that the company can continue operations for at least twelve months from the reporting date [6] - There is material uncertainty regarding the company's ability to generate sufficient cash flow from the Mercedes mine to meet ongoing obligations [6]

Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [4] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the impact of cost inflation [4] Recent Developments - Gold Mountain Mining Corp. and its subsidiaries have been placed under receivership proceedings, which the company is closely monitoring [1][2] - The company holds a royalty agreement with Elk Gold Mining Corporation, which is part of the affected subsidiaries [2] Management Commentary - The CEO of Silver Crown emphasized that the company's prudent approach to royalty agreements and diversification is intended to provide a buffer against adverse events, allowing for continued revenue growth [3]

Core Viewpoint - Element79 Gold Corp. has executed a definitive Asset Purchase Agreement to acquire a 100% interest in the Gold Mountain Project located in Lander County, Nevada, marking a strategic advancement in its operations in a prolific gold region [1][5]. Acquisition Details - The Gold Mountain Project consists of 34 unpatented mining claims in Nevada's Battle Mountain trend [2]. - Element79 Gold will acquire the Gold Mountain assets by issuing 100,000,000 common shares at a deemed price of C$0.02 per share and making a cash payment of US$137,485.85 after the next equity financing [2]. - The Vendor will retain a 3% Net Smelter Return (NSR) royalty on all future mineral production from the project [3]. Strategic Importance - The acquisition is seen as a significant step for the company, providing a drill-ready opportunity with strong geological fundamentals [5]. - The technical team is preparing an exploration program for later this year to unlock the asset's value [5]. Company Overview - Element79 Gold Corp. focuses on gold and silver exploration, with assets in Nevada and Peru [5]. - The company is advancing its Elephant project in the Battle Mountain trend and holds an option to purchase the high-grade Lucero mine in southern Peru [5]. - Element79 Gold is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC Markets [5].

Core Insights - Hycroft Mining Holding Corporation reported significant advancements in its operations during the second quarter of 2025, focusing on technical studies and exploration drilling to leverage opportunities identified in 2024 [2][5]. Corporate Highlights - The company completed a public offering of Units, raising $40.7 million in cash in June 2025, with total proceeds increasing to approximately $45.0 million after the exercise of the over-allotment option in July 2025 [5]. - Eric Sprott's 2176423 Ontario Ltd. increased its ownership in the company from 7% to 22%, and around 15 new institutions joined the shareholder registry [5]. - The company ended the second quarter with unrestricted cash of $68.8 million, restricted cash of $30.0 million, and total debt of $131.0 million [6]. Operational Highlights - The 2025-2026 Exploration Drill Program will focus on expanding high-grade silver systems, with 14,500 meters of core drilling planned, alongside geophysics and geochemistry programs [5]. - Continued metallurgical and variability test work for pressure oxidation and roasting of sulfide concentrate is ongoing, with results expected mid-summer [5][7]. - The company is evaluating the potential to initiate a heap leach operation as an early-stage development ahead of the planned milling operation due to strong gold and silver prices [5]. Safety and Environmental Performance - Hycroft received the 2025 first place NVMA Operator Safety Award for small surface mines, maintaining a 0.00 TRIFR for over two and a half years [6]. - The company has an impeccable environmental record and has been recognized for successful reclamation efforts [6]. Exploration and Technical Studies - The company advanced its geologic model in the first half of 2025 by incorporating new silver systems and structural data, which will guide the next phase of drilling starting in August 2025 [6]. - Ongoing studies are focused on optimizing processing methods for a potential sulfide milling operation, with a technical study expected to be complete in the fourth quarter of 2025 [7].

Summary of American Pacific Mining (USGD.F) Update / Briefing July 30, 2025 Company Overview - American Pacific Mining has a market capitalization of approximately $56 million and $13 million in cash [4] - The company has two flagship assets: the Madison project and the Palmer project, along with a portfolio of high-grade gold and silver projects in Nevada [4] Key Highlights from the Madison Project - Significant drilling results have been reported, with a notable hole yielding 10.2 grams of gold over 7.6 meters, including a peak of 41 grams [5] - Historical mine areas at Madison and Broadway are now connected for the first time, indicating a potential for increased mineralization [6][14] - The company is working towards a resource estimate for the SCARN system, expected next year [6] - A deep porphyry target is being explored, with plans to drill deeper holes (up to 900 meters) to penetrate this target [36][41] Drilling and Exploration Insights - Nearly 60,000 meters of drilling and over 15,000 samples have contributed to a robust geological model [15][34] - The exploration has revealed geochemical signatures indicative of a buried porphyry system, with pathfinders such as gold, silver, arsenic, and bismuth being identified [21][22] - The alteration assemblages and mineralization patterns suggest a connection between the Madison and Broadway systems, with a potential for significant resource expansion [28][29] Future Plans and Opportunities - A second drill program is set to commence in September, with multiple press releases expected leading up to it [45][61] - The Palmer project, which has seen $110 million invested, is also highlighted as a significant opportunity, particularly for copper [46] - The company is exploring potential spinouts and joint ventures for other high-grade projects in Nevada [47] Additional Considerations - The historical context of the Broadway mine, which produced 144,000 ounces of gold at an average grade of 9.9 grams per ton, is noted as a significant aspect of the current exploration [13] - The exploration footprint has been expanded to 4 by 2 kilometers, indicating a broader area of interest beyond previously drilled zones [25] - The potential for copper and other mineralization types, including CRD (Carbonate Replacement Deposits), is being actively investigated [24] Conclusion - American Pacific Mining is positioned for significant exploration and drilling activities in the coming months, with promising geological findings and a strategic focus on both the Madison and Palmer projects [61]

Core Viewpoint - Austral Gold Limited is making significant progress on the refurbishment of its Casposo Plant in Argentina, with commissioning expected in August 2025 and commercial operations set to begin in the second half of 2025 [2][3]. Refurbishment Progress - Key activities for Q2 2025 have largely been completed, with the remaining tasks expected to finish by early August [3]. - The primary crusher refurbishment has been completed, while the SAG mill relining and installation of new hydrocyclones are currently underway [4][3]. - The company has repaired the SAG mill engine and the engines for leaching tanks, with modifications to piping and ducts also completed [4]. Workforce Development - The company currently employs 55 individuals, with plans to increase the workforce by approximately 61 employees in August 2025, bringing the total to 116 [11]. - A targeted training program has been conducted in Calingasta Village to develop a skilled local workforce for plant operator roles [11][12]. Future Plans - The company aims to finalize the SAG mill relining, complete the installation of new hydrocyclones, and test the plant's electrical circuits before commissioning [13]. - An independent consultant is preparing a technical report to assess the feasibility of processing Casposo's mineralized material, complying with NI 43-101 and JORC 2012 standards [2].

VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold" or the "Company") is pleased to advise that, aside from the Sarape Project in Mexico, the Company has decided to shift its exploration focus to South America. Within Mexico, Xali Gold has most recently been advancing the Sarape silver-gold Project ("Sarape") under option from Advanced Lithium Corp. Sarape is located in the Rio Sonora Valley of northern Mexico, a prolific gold-silver mining district that in ...

Core Viewpoint - Norsemont Mining Inc. aims to clarify misinformation regarding its Choquelimpie gold-silver-copper project in northern Chile, emphasizing the project's strong fundamentals and legal compliance [1][8]. Project Development - The company plans to advance the Choquelimpie project through further exploration for gold oxide and sulfide mineralization, as well as copper porphyry potential [2]. - Upcoming drilling and exploration activities are anticipated to be updated this quarter [2]. Metallurgical Results - Latest metallurgical results indicate gold recovery rates between 33.0% and 89.8%, influenced by the sulfide content in samples [2]. - Historical heap leach operations (1988-1992) recovered approximately 400,000 ounces of gold and 2.1 million ounces of silver, with gold recoveries generally between 75% and 80% [2]. Operational Framework - The project operates within the Las Vicuñas National Reserve, where mining and exploration activities are legally permitted under specific governmental authorizations [3][4]. - The project holds two key permits: an exploitation permit covering 417 hectares and an exploration permit for an adjacent 650 hectares, both granted through presidential decrees [4]. Community Engagement - The project has established positive relationships with the local population, maintaining respectful interactions and contracts for land use [7]. - The company prioritizes open communication and mutual understanding with local stakeholders as development progresses [7]. Technical Report - The Technical Report for the Choquelimpie project, effective March 31, 2025, complies with NI 43-101 standards and is available on the company's website [9]. - Qualified persons have reviewed and approved the scientific and technical information presented in the report [10][11]. Company Overview - Norsemont Mining holds a 100% interest in the Choquelimpie project, which has an initial mineral resource estimate of 2,184,000 indicated AuEq ounces and 557,000 inferred AuEq ounces [12]. - The project features significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [12].