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Gunnison Copper upsizes private placement to C$8.7M on strong demand
Proactiveinvestors NA· 2025-07-11 12:24
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia
Thenewswire· 2025-07-11 12:05
Core Points - Blue Lagoon Resources Inc. has officially opened its Dome Mountain Gold Mine Project, which recently received its mining permit, making it one of only nine mining permits granted in British Columbia in the past decade [1][11] - The project is notable for being a high-grade, road-accessible gold project that has reached production-ready status in recent years [1] - The opening ceremony was attended by over 100 guests, including dignitaries and representatives from various governmental agencies, highlighting the project's significance for the region [2][3] Company Overview - Blue Lagoon Resources is a Canadian publicly listed mining company focused on developing its 100% owned Dome Mountain Gold project, with a goal of becoming a cash-flowing mining company [11] - The company achieved a key milestone by obtaining a full mining permit in February 2025, which is one of only nine such permits issued in British Columbia since 2015 [11] - The company is now preparing for the start of gold production, targeting Q3 2025 [11] Project Details - The Dome Mountain Gold Mine Project features a state-of-the-art water treatment plant capable of treating over six times the current needs at the site, ensuring long-term environmental resilience [5] - Pre-production work is set to begin next week, with mining expected to commence immediately after the completion of the biological ramp-up phase of the Moving Bed Biofilm Reactor (MBBR) system, which is anticipated to take about four weeks [6][10] - The project has a strong technical team and strategic partnerships, including a long-term toll milling agreement with Nicola Mining [7][8] Community and Cultural Engagement - The opening ceremony included participation from the Lake Babine Nation, showcasing a commitment to cultural heritage and collaboration with local communities [4][5] - The presence of Hereditary Chiefs and Guardians from the Lake Babine Nation during the ceremony emphasized the importance of respectful collaboration in the mining process [4][5]
Generation Uranium Announces Private Placement and New CFO
Thenewswire· 2025-07-11 12:00
Core Points - Generation Uranium Inc. is conducting a non-brokered private placement to raise up to CAD$550,000 by issuing up to 11,000,000 shares at a price of $0.05 per unit, each unit consisting of one common share and one warrant priced at $0.10 [1][2] - The net proceeds from the offering will be utilized to define new drill targets on the Yath Project, enhance market awareness, and for general working capital [2] - The offering is subject to approval from the TSX Venture Exchange (TSXV) and insider participation will be considered a related-party transaction under Multilateral Instrument 61-101 [3][4] Management Changes - Mr. Sonu Unnoonni has been appointed as the new CFO, bringing over 20 years of experience in finance across various sectors, with a focus on financial strategy and operational efficiency [6] - Marcy Kleisman will step down as CFO to pursue other business opportunities, with the company wishing her success in her future endeavors [7] Company Overview - Generation Uranium is a natural resource company focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut, Canada [8]
Gamma Resources Appoints Chad McMillan Strategic Advisor
Thenewswire· 2025-07-11 12:00
Vancouver, BC, July 11, 2025 – TheNewswire - GAMMA RESOURCES LTD. (TSX.V:GAMA, FSE:6GC, OTC:MLLOF) (“Gamma” or the “Company”) is pleased to announce that it has appointed Mr. Chad McMillan to serve as a Strategic Advisor to the Company.Mr. McMillan is a dynamic senior executive with over twenty years of experience in and around the capital markets building, running, and helping finance public companies. He is well versed in executive management, corporate finance, mergers and acquisitions, corporate commun ...
Tariffs to bring copper production to U.S. is not the most effective: TD Cowen's Craig Hutchinson
CNBC Television· 2025-07-11 11:51
President Trump is slapping a 50% tariff on copper imports. The announcement this week puts the metal sector back in the spotlight. Joining us now is Craig Hutcherson, TD Cow, and base metals equity research analyst's coverage focuses on Canadian miner miners.And Canada is one of the top copper exporters to the US. Craig has highlighted a few names that could benefit from these section 232 tariffs, including Capstone Copper, Hud Bay Minerals, and Taco Mines. Uh, great to have you with us, Craig.And I'm wond ...
REPEAT – Euro Sun Mining Enters into Facility and Offtake Agreements; Changes Address
Globenewswire· 2025-07-11 11:30
TORONTO, July 11, 2025 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is delighted to announce that, further to the Company’s press release dated June 20, 2025 (the “June 20 Release”) respecting a financing term sheet, the Company has entered into a pre-development facility agreement dated July 10, 2025 (the “Facility Agreement”) with Trafigura Pte Ltd. (the “Lender”), pursuant to which the Lender has made available a facility of up to US$2.5m (the “Facility”). The Company ...
Bull of the Day: Ero Copper (ERO)
ZACKS· 2025-07-11 11:10
Key Takeaways Copper prices recently hit new all-time highs above $5.50 per pound. Ero Copper achieved commercial production at the Tucuma Operation as of July 1, 2025. Earnings are expected to jump 165% this year, with one estimate revised higher in the last week. Ero Copper Corp. (ERO) is a copper producer. With copper prices at new all-time highs, this Zacks #1 (Strong Buy) is expected to see earnings soar by 165% this year.Ero Copper is a high-growth copper and gold producer headquartered in Vancouver ...
Cathedra Bitcoin Announces Leadership Transition
Newsfile· 2025-07-11 11:00
Toronto, Ontario--(Newsfile Corp. - July 11, 2025) - (Block Height: 904,987) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce the appointment of Joel Block as Chief Executive Officer. Mr. Block will also be joining as a member and chairman of the Board of Directors (the "Board"). Concurrently, former Chief Executive Officer, AJ Scalia, and former President and Chief Operating ...
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
GlobeNewswire News Room· 2025-07-11 10:30
Core Viewpoint - Orezone Gold Corporation is initiating an initial public offering (IPO) to raise A$75.0 million to support its listing on the Australian Securities Exchange (ASX) and fund its expansion projects at the Bomboré Mine [1][4]. Group 1: IPO Details - The company is offering 65,789,474 CHESS Depository Interests (CDIs) at an offer price of A$1.14 per CDI, aiming for gross proceeds of A$75.0 million [2]. - The offer opened on July 11, 2025, and is expected to close on July 21, 2025, with trading on the ASX anticipated to commence around August 8, 2025 [6]. - The offer price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange (TSX) on July 9, 2025, and an 8.5% discount to the five-day volume-weighted average price of C$1.115 [6]. Group 2: Underwriting and Management - Orezone has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited, which will act as the lead manager, bookrunner, and underwriter for the offer [3]. - Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. have been appointed as co-managers for the offer [3]. Group 3: Use of Proceeds - The net proceeds from the offer will be allocated to the advancement of stage 2 of the hard rock expansion at the Bomboré Mine, including procurement of equipment, engineering design, construction, and ongoing exploration [4]. - The first gold from the stage 1 hard rock plant is scheduled for Q4-2025, with production in 2026 expected to be between 170,000 to 185,000 ounces [4]. - The stage 2 expansion is projected to increase overall gold production at the Bomboré Mine to between 220,000 to 250,000 ounces per annum, with commissioning expected in Q4-2026 [4]. Group 4: Company Background - Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso, which achieved commercial production on December 1, 2022 [9]. - The company is committed to social responsibility and sustainability, led by a team with a proven track record in project construction, operations, and capital markets [9].
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
Globenewswire· 2025-07-11 10:30
Core Viewpoint - Orezone Gold Corporation is initiating an initial public offering (IPO) to raise A$75.0 million to support its listing on the Australian Securities Exchange (ASX) and fund its expansion projects at the Bomboré Mine [1][4]. Group 1: IPO Details - The company is offering 65,789,474 CHESS Depository Interests (CDIs) at an offer price of A$1.14 per CDI, aiming for gross proceeds of A$75.0 million [2]. - The offer opened on July 11, 2025, and is expected to close on July 21, 2025, with trading on the ASX anticipated to commence around August 8, 2025 [6]. - The offer price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange (TSX) on July 9, 2025 [6]. Group 2: Underwriting and Management - Orezone has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited, which will act as the lead manager, bookrunner, and underwriter for the offer [3]. - Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. are appointed as co-managers for the offer [3]. Group 3: Use of Proceeds - The net proceeds from the offer will be allocated to the advancement of stage 2 of the hard rock expansion at the Bomboré Mine, including equipment procurement, engineering design, and construction [4]. - Ongoing exploration at the Bomboré Mine and general administration and working capital purposes will also be funded by the proceeds [4]. Group 4: Production Forecast - The first gold from the stage 1 hard rock plant is scheduled for Q4-2025, with production in 2026 expected to be between 170,000 to 185,000 ounces [4]. - The stage 2 expansion is projected to increase overall gold production at the Bomboré Mine to between 220,000 to 250,000 ounces per annum [4]. Group 5: Company Overview - Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso, which achieved commercial production on December 1, 2022 [9]. - The company is led by an experienced team with a focus on social responsibility and sustainability, along with a proven track record in project construction and operations [9].