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AABB Acquires Revolutionary rGO Gold Recovery System in $23.5 Million Share Deal Collaboration
Globenewswire· 2025-07-31 12:00
Core Insights - Asia Broadband Inc. has acquired proprietary reduced graphene oxide (rGO) gold recovery technology, enhancing its capabilities in gold and silver production in Mexico [1][2] - The acquisition is valued at $23.5 million, involving 940 million shares priced at $0.025 each, and aims to foster long-term growth and collaboration [2] - The integration of rGO technology is expected to significantly improve recovery rates, particularly from low-grade ores and tailings, with projected efficiencies exceeding 95% for gold ions [3][4] Financial and Operational Impact - The rGO membrane system will enhance daily production at existing plants in Etzatlan and Tequila, which currently process approximately 300 tons of ore daily [3] - The technology opens up licensing opportunities in a $30 billion recovery market, with plans for a modular pilot unit to be deployed within 90 days [4] - The company anticipates increased net annual profits through both its own operations and licensing the technology to other producers globally [4] Leadership and Strategic Vision - The President and CEO of Asia Broadband expressed that the rGO system represents a significant advancement in gold recovery, aligning with the company's green mining goals and enhancing profitability [5] - The company differentiates itself through its geographic expertise and industry contacts, facilitating the expansion of precious metals production in Mexico [5] Additional Business Segments - Asia Broadband also operates a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [5] - The company emphasizes sustainability with reduced environmental impact and lower chemical costs through the new technology [6]
Discovery Announces Senior Management Appointment
Globenewswire· 2025-07-31 11:45
Company Overview - Discovery Silver Corp. has appointed Alison White as the new Chief Financial Officer, effective immediately [1] - The company focuses on precious metals, particularly silver and gold, with significant assets in North America [4] Leadership Changes - Tony Makuch, the CEO, expressed confidence in Alison White's extensive experience in finance and operations, which will aid in the company's growth and value creation [2] - Andreas L'Abbé, the former CFO, will transition to the role of Senior Vice President, Finance, continuing to lead initiatives within the Finance division [3] Strategic Goals - The company aims to re-establish the Porcupine Operations as a Tier 1 asset in the global gold mining industry, leveraging Alison White's expertise [2] - Discovery recently acquired the Porcupine Complex from Newmont, enhancing its position as a Canadian gold producer with multiple operations [4]
Newlox Announces Delay in Filing of its Audited Financial Statements
Thenewswire· 2025-07-31 00:40
July 30, 2025 - CSE: LUX – TheNewswire - Toronto, Ontario – Newlox Gold Ventures Corp. (the "Corporation") announced today that it was not able to file its audited financial statements for its fiscal year ended March 31, 2025 (the "Annual Financial Statements") and accompanying management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates relating thereto (collectively, the "Required Filings") before the prescribed deadline of July 29, 2025. The British Co ...
Hycroft Announces 2025-2026 Exploration Drill Program
Prnewswire· 2025-07-30 11:00
Core Insights - Hycroft Mining Holding Corporation is set to initiate its 2025-2026 Exploration Drill Program at the Hycroft Mine in Nevada, involving approximately 14,500 meters of core drilling with two drill rigs [1][2][5] - The program aims to expand high-grade opportunities at the Brimstone and Vortex sites, while also exploring newly identified target areas, including the Manganese target [2][4] - The exploration efforts are based on data from previous drill programs, which revealed significant high-grade silver mineralization, including intervals exceeding 11,000 grams per tonne [5][6] Exploration Program Details - The 2025-2026 Exploration Drill Program is designed to extend mineralization systems at Brimstone and Vortex, which remain open in all directions and at depth [2][4] - The program builds on the successes of the 2023 and 2024 drill programs, which led to the discovery of two high-grade silver systems [5][6] - The exploration team has developed targets through extensive data review and a new cohesive geologic model that integrates geochemical and geophysical data [4][5] Company Overview - Hycroft Mining Holding Corporation is focused on transitioning the Hycroft Mine into a large-scale milling operation for processing sulfide ore, with less than 10% of its 64,000-acre land package explored [6] - The company has achieved a Total Reportable Injury Frequency Rate of 0.00 over two and a half years, emphasizing its commitment to safety [4] - The ongoing exploration is expected to unlock significant value for shareholders by uncovering the full potential of the Hycroft Mine, particularly in silver production [4][6]
Newlox Gold Closing Of Oversubscribed Private Placement
Thenewswire· 2025-07-29 23:50
Group 1 - Newlox Gold Ventures Corp has successfully closed a private placement that was oversubscribed by $171,320, raising a total of $2,171,320 through the issuance of 31,018,857 units at a price of $0.07 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire a share at $0.12 until July 28, 2028 [2][4] - The proceeds from the offering will be used for continued milling operations in Costa Rica and for general working capital [6] Group 2 - The company paid a finders' fee of $27,241 and issued 778,314 non-transferable broker warrants as part of the offering [3] - Related party transactions occurred as directors and/or officers of the company subscribed for 9,500,000 units, totaling $665,000, which did not exceed 25% of the company's market capitalization [5] - All securities issued are subject to a statutory hold period of four months and one day [7] Group 3 - Newlox Gold Ventures Corp is focused on recovering gold and silver from artisanal and small-scale mining operations in Latin America, utilizing technology to recover precious metals while also remediating historical mine waste [8]
Nord Precious Metals Advances Re-2Ox Pilot Plant Process Equipment Selection with SGS Bench-Scale Metallurgical Test Programme
Thenewswire· 2025-07-29 16:05
Core Viewpoint - Nord Precious Metals Mining Inc. is advancing its Re-2Ox metallurgical process to recover critical and precious metals from complex concentrates, addressing a global processing bottleneck due to the closure of deleterious metal-tolerant smelters [1][5][8]. Technical Programme Structure - Phase 1 of the testing program will establish operating parameters through systematic bench testing of the Re-2Ox flowsheet, focusing on alkaline pressure leach testing of concentrate samples [3][4]. - Phase 2 will validate continuous operation at pre-pilot scale by processing a single autoclave batch through downstream circuits, addressing reagent recycling for remote deployments [4]. Market Context - The closure of major smelters has created a processing bottleneck for complex concentrates, which Nord's Re-2Ox technology aims to alleviate by converting penalty-bearing feeds into saleable products [5][8]. Commercial Implications - The bench-scale data will support the company's progression toward Technology Readiness Level 7, positioning the Re-2Ox process for commercial licensing after a pilot demonstration [6][8]. - The ability to process deleterious metal concentrates represents a significant commercial opportunity as global ore grades decline and impurity levels rise [8]. Next Steps - Phase 1 data will enable the production of equipment lists and supplier quotations, refining the capital-cost estimate for a planned one-tonne-per-day Re-2Ox pilot line [8][9]. - The company intends to finance Phase 1 using existing resources and a previously announced C$200,000 MICA grant [8]. Company Overview - Nord Precious Metals operates the only permitted high-grade milling facility in Ontario's Cobalt Camp, focusing on high-grade silver and strategic metals recovery [11]. - The company's flagship Castle property has delineated 7.56 million ounces of silver in inferred resources, with an average grade of 8,582 g/t Ag [11]. - Nord's integrated processing strategy leverages the recovery of multiple metals, including cobalt and nickel, to capitalize on the growing demand for battery materials [12][13].
Vizsla Silver Outlines Its 2025 Exploration Program at Panuco, Highlighting Significant Upside Potential
Newsfile· 2025-07-29 15:00
Core Viewpoint - Vizsla Silver Corp has announced an expanded exploration program at its Panuco silver-gold project, indicating significant upside potential for resource growth and production [1][2]. Company Overview - Vizsla Royalties Corp holds a 3.5% NSR royalty on the proposed Panuco PEA mine plan and a 2% NSR royalty on other exploration concessions in the Panuco district [1]. - The company is positioned to benefit from any growth in resource and production potential without dilution or capital outlay [3]. Exploration Objectives - Vizsla Silver aims to complete over 25,000 meters of exploration drilling, with approximately 8,000 meters already completed [8]. - An Airborne Electromagnetic (TEM) survey covering over 1,000 line-kilometers is planned, along with advancing mapping of the district to achieve 70% coverage [8]. - A Feasibility Study is targeted for completion in the second half of 2025, with initial production expected in the second half of 2027 [3]. Resource Base - Vizsla Silver has defined a global resource base of over 2.7 million gold equivalent ounces in the Measured and Indicated (M+I) category, plus an additional 1.7 million ounces in the Inferred category at the Panuco project [2]. - These resources represent only about 8% of the known vein potential within the district, indicating substantial room for expansion [2]. Financial Metrics - A Preliminary Economic Study for the Panuco project published in July 2024 highlights an annual production of 15.2 million ounces of silver equivalent over an initial mine life of 10.6 years, with an after-tax NPV5% of US$1.1 billion, an 86% IRR, and a 9-month payback period at silver and gold prices of US$26/oz and US$1,975/oz respectively [5].
AbraSilver Substantially Increases Total Diablillos Mineral Resources to 199 Million Ounces Contained Silver and 1.7 Million Ounces Contained Gold (350 Moz AgEq) in M&I
Newsfile· 2025-07-29 11:30
AbraSilver Substantially Increases Total Diablillos Mineral Resources to 199 Million Ounces Contained Silver and 1.7 Million Ounces Contained Gold (350 Moz AgEq) in M&I Updated MRE Highlights Significant Growth Primarily at Oculto & JAC, Plus Maiden Heap Leach Resource July 29, 2025 7:30 AM EDT | Source: AbraSilver Resource Corp. Toronto, Ontario--(Newsfile Corp. - July 29, 2025) - AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to announce a substantial incre ...
Starcore Reports Year End 2025 Results
Newsfile· 2025-07-29 06:30
Core Viewpoint - Starcore International Mines Ltd. reported strong financial results for the year ending April 30, 2025, with significant income from mining operations and positive outlook for the upcoming fiscal year [2][4]. Financial Highlights - The company reported revenues of $32.2 million for the year, an increase from $28.3 million in the previous year, representing a growth of approximately 10% [3]. - Income from mining operations for the year was $6.3 million, compared to $2.4 million in the previous year, indicating a substantial increase [3][4]. - The total income for the fourth quarter was $1.6 million, or $0.02 per share, while the total income for the year was $0.2 million, or $0.00 per share [4]. - Administrative expenses rose to $7.5 million for the year from $4.1 million in the previous year [3]. - The company reported total assets of $56.0 million, up from $52.0 million in the previous year [3]. Production Highlights - Gold production for the year was 8.3 thousand ounces, down from 9.4 thousand ounces the previous year, while silver production decreased to 49.3 thousand ounces from 58.0 thousand ounces [7]. - The mine operating cash cost per equivalent ounce was $1,936 for the year, compared to $1,686 the previous year [10]. - The EBITDA for the year was reported at $2.8 million, with an EBITDA margin of 8.6% [4][3]. Operational Insights - The company completed carbon circuit testing and announced recent acquisitions, which are expected to enhance operations in the coming fiscal year [2]. - The mine's gold recovery rate was 83.1% for the year, while the silver recovery rate was 53.0% [7]. Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and is involved in exploration and development projects across North America and Côte d'Ivoire [8]. - The company emphasizes corporate social responsibility and aims to increase long-term shareholder value [8].
Sierra Madre Announces Grant of Stock Options
Newsfile· 2025-07-28 23:02
Group 1 - Sierra Madre Gold and Silver Ltd. has granted stock options to employees, directors, management, and consultants, totaling 2,750,000 common shares at a price of $0.73 per share for five years [1] - The stock options will vest in a staggered manner, with 40,000 options granted to the investor relations consultant, Adelaide Capital, vesting over a year [1] - The stock option grant is subject to acceptance by the TSX Venture Exchange [1] Group 2 - Sierra Madre is focused on the Guitarra mine in Mexico and the exploration of its Tepic property, with the Guitarra mine having restarted commercial production in January 2025 [2] - The Tepic Project covers over 2,600 hectares and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [3] - The management team has significant experience, having collectively raised over $1 billion for mining companies [3]