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Bunker Hill Announces Final Tranche of Silver Loan Facility
Globenewswire· 2026-01-31 00:30
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed the seventh and final tranche of a silver loan amounting to approximately US$4.76 million, which is equivalent to 50,958 ounces of silver, as part of a larger financing initiative to support the restart and development of the Bunker Hill Mine [1][2]. Financing Details - The total silver loan agreement allows for up to 1.2 million ounces of silver to be advanced in multiple tranches, with the first tranche closed on August 8, 2024, for US$16.42 million (609,805 ounces of silver) [3]. - Subsequent tranches included US$6.37 million (200,000 ounces) on September 24, 2024, US$6.32 million (198,777 ounces) on November 6, 2024, US$1.25 million (39,620 ounces) on November 13, 2024, US$1.48 million (50,198 ounces) on December 31, 2024, and US$2.52 million (50,384 ounces) on November 10, 2025 [3][4]. Warrants Issued - A total of 3,000,000 non-transferable bonus share purchase warrants have been issued to Monetary Metals in connection with the silver loan, with no warrants issued for the final tranche [4]. Company Overview - Bunker Hill Mining Corp. is focused on the restart of the historic Bunker Hill Mine, located in Idaho's Coeur d'Alene Mining District, which has a rich history of zinc, lead, and silver production [6]. - The company aims to unlock the remaining value of this asset through modern exploration and responsible mining practices, positioning itself to maximize shareholder value [6].
Bunker Hill Announces Final Tranche of Silver Loan Facility
Globenewswire· 2026-01-31 00:30
Core Viewpoint - Bunker Hill Mining Corp. has successfully closed the seventh and final tranche of a silver loan, totaling approximately US$4.76 million, to support the restart and development of the Bunker Hill Mine [1][2]. Group 1: Silver Loan Details - The total principal amount of the silver loan is up to 1.2 million ounces of silver, advanced in multiple tranches [3]. - The first tranche was closed on August 8, 2024, for US$16,422,039, equivalent to 609,805 ounces of silver [3]. - Subsequent tranches included amounts of US$6,369,000 for 200,000 ounces, US$6,321,112 for 198,777 ounces, US$1,250,000 for 39,620 ounces, US$1,478,847 for 50,198 ounces, and US$2,521,215 for 50,384 ounces [3][4]. Group 2: Warrants Issued - A total of 3,000,000 non-transferable bonus share purchase warrants have been issued to Monetary Metals in connection with the silver loan, with no warrants issued for the final tranche [4]. Group 3: Company Overview - Bunker Hill Mining Corp. is focused on the restart of the historic Bunker Hill Mine, located in Idaho's Coeur d'Alene Mining District, known for its rich history in zinc, lead, and silver production [6]. - The company aims to unlock the remaining value of this asset through modern exploration and responsible mining practices, with a strategic focus on maximizing shareholder value [6].
Clear Street Raises Critical Metals (CRML) PT to $20 Following Saudi Arabian JV
Yahoo Finance· 2026-01-30 19:58
Core Insights - Critical Metals Corp. (NASDAQ:CRML) is experiencing growth following a strategic joint venture with a major Saudi Arabian conglomerate to develop a rare earth processing facility [1][2][3] - The partnership aims to process approximately 25% of the output from the Tanbreez mine in Greenland, targeting the US defense sector [2][3] - The US Export-Import Bank is considering a $120 million loan to support the Tanbreez project, which is crucial for reducing reliance on China's processing capabilities [3] Company Overview - Critical Metals Corp. operates as a mining exploration and development company focused on lithium and rare earth element deposits in Austria and Southern Greenland [4] - The company is based in Road Town, British Virgin Islands, and is a subsidiary of European Lithium Limited [4] Financial Projections - The Tanbreez project is projected to achieve an annual production of approximately 100,000 metric tons of rare earth element concentrate during its first phase [1] - The total development cost for the refinery is estimated at $290 million, which is expected to enhance the project's financial stability [2]
Romios to Commence Trading Post Consolidation as Oreterra Metals Corp. Under Ticker OTMC on Monday, February 2, 2026
TMX Newsfile· 2026-01-29 12:30
Core Viewpoint - Romios Gold Resources Inc. has consolidated its capital on a ten-for-one basis and changed its name to Oreterra Metals Corp, effective February 2, 2026, with trading commencing under the new symbol 'OTMC' [1] Group 1: Capital Consolidation Details - Prior to consolidation, the company had 328,059,969 pre-consolidation shares, 39,956,667 warrants, and 8,700,000 options outstanding. Post-consolidation, there are approximately 32,805,996 shares, 3,995,666 warrants exercisable at $0.50, and 870,000 options with exercise prices between $0.50 and $0.80 [2] - No fractional shares will be issued; any fractional shares will be rounded down to the nearest whole number without cash compensation [3] - A new CUSIP for the post-consolidated shares is 68616A100, and registered shareholders will receive a letter of transmittal with instructions for exchanging pre-consolidation shares [4] Group 2: Company Overview and Future Plans - The name change to Oreterra Metals Corp. and the new trading symbol OTMC mark the completion of a restructuring effort, with management believing that the Trek South porphyry copper-gold prospect is a significant target in BC's Golden Triangle [5] - A National Instrument 43-101 Technical Report for the Trek property recommends two initial phases of drilling for the 2026 field season, with the report available on the company's website [5] - The company also holds interests in two former producers in Nevada and a large Au-Cu property in Ontario, with promising drilling results reported [6]
Eloro Resources Completes Option Payments on the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Eloro Resources Ltd. has successfully completed all option payments to acquire a 99% joint venture interest in the Iska Iska silver-tin polymetallic project in Bolivia, marking a significant milestone for the company [1][3]. Group 1: Financial Transactions - Eloro made a final payment of US$1,150,000 to Empresa Minera Villegas SRL to complete the option agreement [1]. - The company also transferred US$1,800,000 into a trust account for future payment to Minera Villegas, contingent upon obtaining mining rights [1]. Group 2: Joint Venture Agreement - An Addendum to the Joint Venture Agreement has been formalized, establishing Minera Tupiza's joint venture interest at 99%, while Minera Villegas retains a 1% interest [2]. - This revised structure allows Eloro to maintain full operational control and ensures compliance with Bolivian Mining Law [2]. Group 3: Strategic Importance - The completion of option payments is viewed as a major corporate milestone that enhances operational efficiency and regulatory compliance [3]. - The streamlined ownership structure is expected to eliminate economic uncertainty and provide maximum flexibility for advancing the Iska Iska project [3]. Group 4: Company Overview - Eloro Resources Ltd. is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru, and Quebec [3]. - The Iska Iska Property is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department of Bolivia [3].
Refiling Of The Consolidated Financial Statements For The Year Ended October 31, 2023 Audited By Mao & Ying (January 27, 2026)
Thenewswire· 2026-01-29 01:30
Core Viewpoint - Lucky Minerals Inc. has filed an amended and restated financial statement for the year ended October 31, 2023, which addresses material differences identified in the previously filed financial statements [1][2]. Company Overview - Lucky Minerals Inc. is an exploration and development company focused on large-scale mineral systems in proven districts that have the potential to host world-class deposits [4]. Financial Reporting - The amended financial statements were filed on January 28, 2026, and are available on SEDAR+ [1]. - The auditor's report for the financial statements was issued by Mao & Ying LLP, dated January 27, 2026, which fully addresses the material differences identified in the consolidated financial statements audited by Olayinka Oyebola & Co. [2]. Contact Information - Further information about Lucky Minerals can be accessed through the company's website or by contacting them via email or telephone [5].
Inventus Provides Operational Update as Trench 1 Bulk Sample Processing Underway and Drilling Continues at the Pardo "River of Gold" Project
Accessnewswire· 2026-01-27 17:00
Inventus Provides Operational Update as Trench 1 Bulk Sample Processing Underway and Drilling Continues at the Pardo "River of Gold" Project ELEMENT-- Press Alt+1 for screen-reader mode, Alt+0 to cancel [Accessibility Screen-Reader Guide, Feedback, and Issue Reporting | New window][Back to the Newsroom]# Inventus Provides Operational Update as Trench 1 Bulk Sample Processing Underway and Drilling Continues at the Pardo "River of Gold" ProjectTORONTO, ON / [ACCESS Newswire]/ January 27, 2026 / Inventus Minin ...
NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi North
TMX Newsfile· 2026-01-27 12:00
Core Insights - NexMetals Mining Corp. reports successful assay results from three drill holes at the Selebi North Underground deposit, confirming high-grade mineralization and continuity of the deposit [1][2]. Drill Results - Drill hole SNUG-25-194 intersected 32.45 metres of 4.61% CuEq, including 7.90 metres of 5.85% CuEq and 9.65 metres of 5.88% CuEq, indicating strong mineralization [2][7]. - The results from SNUG-25-191 and SNUG-25-192 also confirmed mineralization outside the thick zone, supporting the updated Mineral Resource Estimate (MRE) [7][8]. Future Plans - The company plans to update the MRE with results from the 2025 resource expansion drill holes and ongoing metallurgical tests [6][17]. - Drilling is ongoing, with SNUG-25-200 currently testing the down plunge extension of N3, and the drill will transition to surface drilling for the 2026 Selebi Main resource expansion program [6][7]. Company Overview - NexMetals Mining Corp. is focused on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana, with confirmed mineralization larger than historical estimates [17]. - The company emphasizes disciplined execution, transparent governance, and long-term stakeholder value creation [17].
Orosur Mining Inc Announces Results for Second Quarter ended November 30, 2025
Accessnewswire· 2026-01-26 07:00
Core Viewpoint Orosur Mining Inc. has reported its unaudited financial results for the quarter ending November 30, 2025, highlighting significant operational developments in Colombia and Argentina, alongside a notable increase in cash reserves. Operational Highlights - Infill drilling at the Pepas gold prospect in Colombia is ongoing, aimed at achieving a NI43-101 compliant Mineral Resource Estimate (MRE), expected by the end of January 2026. Drilling results have confirmed the high-grade mineralization of the Pepas deposit [3]. - A large-scale soil geochemical survey at El Cedro, located 10 km south of Pepas, has identified a substantial gold-bearing system with assays exceeding 1g/t Au [3]. - A second porphyry system has been identified south of El Cedro through new geochemical data analysis combined with historical mapping and airborne geophysical data [4]. - In Argentina, the company has acquired a 51% interest in Deseado Dorado S.A.S, which owns the El Pantano Project. A Phase 2 joint venture will lead to 100% ownership upon an additional investment of US$2 million, with a 3,000-meter drill program already underway [4]. - The initial drilling at El Pantano has confirmed the presence of a low sulphidation epithermal mineral system, with further assay results pending [4]. - The company has decided to withdraw from its lithium project in Nigeria to prioritize capital and human resources, with the investment in Nigeria fully impaired as of May 31, 2025 [4]. Financial Highlights - As of November 30, 2025, the company reported a cash balance of US$16,280,000, a significant increase from US$4,877,000 on May 31, 2025 [7]. - The company completed a brokered private placement on October 2, 2025, raising CAD$20 million through the issuance of common shares, which was oversubscribed [7]. - The total assets increased to US$23,593,000 from US$9,489,000, while total liabilities decreased to US$4,884,000 from US$12,858,000 [6]. - The net loss for the period was reported at US$4,543,000, compared to a net income of US$1,870,000 in the same period last year [8].
Metalsource Mining Amends Marketing Agreement with ITG
TMX Newsfile· 2026-01-22 21:57
Group 1 - Metalsource Mining Inc. has entered into an amending agreement with Independent Trading Group, increasing the monthly fee from $5,000 to $6,500 [1] - The original agreement with ITG was established in October 2024, and all other terms remain unchanged [1] - ITG and Metalsource are unrelated entities, with no interests in each other's securities at the time of the agreement [1] Group 2 - Metalsource Mining Inc. is focused on the acquisition, exploration, and development of mineral property assets [2] - The company's objective is to locate and develop economic precious and base metal properties, specifically conducting exploration on the Aruba Property [2] - The Aruba Property spans 4,663 square kilometers in Botswana's Kalahari Desert, with potential for platinum group metals, gold, silver, and manganese [2]