Workflow
Mineral Exploration and Development
icon
Search documents
Bunker Hill Announces Increase to the Previously Announced Promissory Note to Ensure Sufficient Liquidity as it Continues Toward Closing its Private Placements and Major Capital Restructuring
Globenewswire· 2025-05-22 22:47
Core Viewpoint - Bunker Hill Mining Corp. has amended its unsecured promissory note with Teck Resources Limited, increasing the principal amount from US$3.4 million to US$4.4 million to secure short-term funding until private placements close [1] Company Overview - Bunker Hill Mining Corp. is focused on revitalizing a historic mining asset in northern Idaho's Coeur d'Alene mining district, specifically targeting zinc, lead, and silver deposits [2] - The company aims to maximize shareholder value while responsibly developing its mineral-rich asset using modern exploration techniques and sustainable practices [2] Financial Arrangement - The amended promissory note bears an interest rate of 12% per annum, with interest capitalized and added to the principal monthly [1] - The note is available in multiple advances at Teck's discretion and is payable in cash on demand [1] - No bonus securities will be issued to Teck in connection with the promissory note, nor is it convertible into the company's securities [1]
Inventus Mining Closes $1M Flow-Through Private Placement With Eric Sprott
Globenewswire· 2025-05-22 20:23
Not for Distribution to United States Wire Services or Dissemination in The United States TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to report that it has closed a non-brokered private placement of 8,000,000 flow-through shares within the meaning of the Income Tax Act (Canada) (“FT Shares”), which were sold at $0.13 per FT Shares for gross proceeds of $1,040,000 (the “Private Placement”). Mr. Eric Sprott was the sole subscriber ...
Royal Road Minerals Announces OTCQB Quotation
Newsfile· 2025-05-21 12:00
Royal Road Minerals is a mineral exploration and development company with its head office and technical- operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ens ...
Inventus Completes Early Warrant Exercise Incentive Program
Globenewswire· 2025-05-20 22:12
Core Points - Inventus Mining Corp. has successfully executed an early warrant exercise incentive program, resulting in the exercise of 12,200,000 warrants for gross proceeds of $1,098,000 [1][2] - The company issued 12,200,000 common shares and an equal number of incentive warrants, which allow holders to acquire additional shares at $0.12 until November 6, 2026 [1][2] - A total of 2,800,000 warrants remain unexercised and will continue to be available until their original expiry date [3] Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, with key assets including the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [4] - The Pardo project is noted as the first significant paleoplacer gold discovery in North America [4] - The company has approximately 195 million common shares outstanding [4]
Mumena Mushinge 获任 Baushi Royal Foundation 要职,标志着卢阿普拉省迎来领导力与财富创造的新时代
Globenewswire· 2025-05-19 15:22
北卡罗来纳州夏洛特和赞比亚卢萨卡, May 19, 2025 (GLOBE NEWSWIRE) -- Terra Metals Inc. 自豪地宣布,其联合创始人兼联合董事长 Mumena Mushinge 先生已获任 Baushi Royal Foundation (BRF) 要职,该基金会是一家备受尊敬的文化遗产组织,代表赞比亚卢阿普拉省的 12 位传统酋长及酋长领地。 Mushinge 先生的任命对 Baushi Royal Foundation 乃至整个卢阿普拉地区而言都是一个具有重大变革意义的时刻。 Mushinge 在全球采矿和能源领域拥有超过 30 年的经验,积累了深厚的专业知识、广泛的国际人脉,更在推动资源开发与包容性增长协同共进方面成绩斐然。 政府、产业与酋长间的战略联络纽带 在新职位上,Mushinge 先生将担任政府与 Baushi Royal Foundation 旗下 12 个酋长领地成员之间的联络人,推动传统治理模式与赞比亚更广泛的资源和基础设施规划相融合。 他的任命旨在纠正历史上存在的资源剥削模式,确保发展合作能切实改善该地区的民生。 Mushinge 表示:“让外部人士攫取我们 ...
Notice of Annual General and Special Meeting
Globenewswire· 2025-05-19 06:00
VANCOUVER, British Columbia, May 19, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces that it will host its 2025 Annual General and Special Meeting (“AGSM”) on Monday 30 June 2025 at 5pm (London time), 9am (Vancouver time). The meeting will take place in a virtual-only format conducted via live audio ...
Bunker Hill Announces Updates to Equity Financings and Major Capital Restructuring
Globenewswire· 2025-05-16 20:30
Core Points - Bunker Hill Mining Corp. has secured total funding of US$10.3 million, which includes US$6.5 million from a brokered private placement and US$3.8 million from debt settlement and equity payments [1][2][9] - The capital restructuring is supported by an equity investment from Teck Resources Limited, involving the conversion of certain outstanding debt into equity and modifications to existing financing arrangements with Sprott Streaming [1][5][20] - The company aims to use the proceeds from the offerings to advance the construction and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine, targeting 85% project completion by Q4 2025 [7][9][33] Equity Financing Developments - The brokered private placement will issue up to 62,086,187 units at a price of US$0.105 (C$0.15) per unit, potentially raising approximately US$6.5 million [4][5] - Teck has committed to contribute US$2.00 for every US$1.00 raised in the brokered offering, with a lead order of up to 209,523,809 units [5][6] - Each unit will consist of one common share and one-half of a warrant, with each whole warrant exercisable for one additional common share at a price of C$0.25 for three years [6][19] Debt Restructuring Developments - The company plans to issue up to 263,690,476 common shares to Sprott Streaming as part of the debt restructuring transactions [20][27] - The restructuring includes a 40% reduction in total debt, a 58% reduction in gross revenue royalty costs, and a 22% improvement in the debt-to-total capitalization ratio [7][20] - The company intends to settle approximately US$3,072,254 and C$195,000 in outstanding receivables through equity securities at the offering price [15][16] Project Development and Future Plans - The company aims to achieve sustainable free cash flow by H1 2026, with plans to raise an additional US$30 million in equity by the end of Q4 2025 [7][9] - The processing plant is expected to be 100% complete and start commissioning, with underground development also reaching 100% completion [7][9] - The company is focused on maximizing shareholder value while responsibly developing its mining assets in the Silver Valley [33]
Cornish Metals Releases Unaudited Financial Statements and Management’s Discussion and Analysis for the Three Months Ended 31 March 2025
Globenewswire· 2025-05-15 06:00
Core Viewpoint - Cornish Metals Inc. has reported strong financial results and strategic advancements for the South Crofty tin project, highlighting a successful fundraising effort and key operational milestones expected in the coming year [3][5][7]. Financial Highlights - For the three months ended March 31, 2025, total operating expenses increased to CAD 3,189,723 from CAD 2,759,198 in the same period of 2024 [6][19]. - The loss for the period was CAD 3,043,606, compared to a loss of CAD 2,561,669 in the previous year [6][20]. - Net cash used in operating activities was CAD 2,190,616, up from CAD 1,148,564 in the prior year [6][21]. - The company raised CAD 91,566,076 from the recent fundraising, significantly increasing cash reserves to CAD 88,954,141 at the end of the period [6][22]. Strategic Developments - The company completed a £57.4 million fundraising, supported by the National Wealth Fund and Vision Blue, which will fund ongoing development and de-risking of the South Crofty project [3][5]. - Senior management appointments were made to strengthen project and operations teams, with Dave Howe as General Manager and Guillermo Alcaraz as Project Director [5]. - The company purchased 4.5 acres of land adjacent to existing operations to facilitate access and infrastructure development for the mine [5]. Project Progress - Mine dewatering and refurbishment of the New Cook's Kitchen Shaft are ongoing, with dewatering currently advancing at over 15,000 meters per day, expected to increase to approximately 25,000 meters per day post-maintenance [5][7]. - The company aims to complete dewatering, advance detailed engineering studies, and commence early project works, including the construction of a processing plant [7][8]. Economic Assessment - The 2024 Preliminary Economic Assessment for South Crofty indicates a potential after-tax NPV of USD 201 million and an IRR of 29.8%, with an average annual tin production of 4,700 tonnes in the initial years [7][8]. - The project is positioned to be the only primary tin producer in Europe or North America, with tin classified as a Critical Mineral [7][8].
Nova Pacific Metals Appoints Zachary Kotowych to Board of Directors
Newsfile· 2025-05-13 12:30
Core Viewpoint - Nova Pacific Metals Corp. has appointed Zachary Kotowych to its Board of Directors, bringing nearly a decade of experience in the mining and capital markets sectors, which will aid in advancing the company's projects and exploring new opportunities [1][5]. Company Update - Zachary Kotowych currently serves as CEO and Director of Troubadour Resources Inc. and has held corporate development roles at various junior mining companies, including Abitibi Metals Corp. [2][3]. - His technical experience includes exploration work with Great Bear Resources, Carlisle Goldfields, and Solstice Gold, and he holds a Master of Science in Geophysics and an Honours Bachelor of Science in Mathematics and Geology from the University of Toronto [4]. - The company has amended the expiry date of 7,410,000 share purchase warrants from May 31, 2025, to May 31, 2026, with an exercise price of $0.40 per share [6][7]. Indigenous Engagement - Nova Pacific emphasizes early and meaningful engagement with First Nation communities to ensure that mineral exploration and development activities are well-coordinated and supported, aiming to establish mutually beneficial partnerships [8]. Project Focus - The company is focused on the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia, which has a significant historical resource rich in critical and precious metals [9]. - Nova Pacific's strategy includes verification and exploration drilling, completion of an updated mineral resource estimate, and additional technical studies following these milestones [9].
Premium Announces Intention to List on the NASDAQ and Provides Details for Upcoming Annual General & Special Meeting
Newsfile· 2025-05-06 13:10
Premium Announces Intention to List on the NASDAQ and Provides Details for Upcoming Annual General & Special MeetingMay 06, 2025 9:10 AM EDT | Source: Premium Resources Ltd.Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") announces that the Company's 2025 Annual General and Special Meeting of Shareholders (the "AGSM") will be held in-person at 15th Floor, 1111 West Hastings Street, Vancouver, BC, V6E 2J3, on Tues ...