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Gensource Potash Corporation Provides Operational Update on the Tugaske Project and Market Developments
Businesswire· 2025-12-05 12:00
Core Insights - Gensource Potash Corporation has provided an operational update on its Tugaske Project, highlighting significant advancements and market developments [1] Group 1: Project Advancement - The company has successfully exercised its land purchase option for the Tugaske Project site, securing clear title and control over essential surface lands [1] - This milestone demonstrates Gensource's commitment to advancing the project into the detailed engineering and construction phase [1] Group 2: Strategic Engagement & Due Diligence - Gensource completed a due diligence process with a major Southeast Asian industrial conglomerate and fertilizer distributor [1] - A 7-member delegation from this Southeast Asian group visited the Tugaske Project site, engaging with Gensource's technical and executive teams [1] - These steps are aimed at progressing toward definitive offtake and/or partnership agreements [1] Group 3: Supportive Trade Environment - Recent trade negotiations between Canada/Saskatchewan and ASEAN member countries align with Gensource's international initiatives [1] - These agreements aim to enhance investment, smooth trade flows, and secure supply chains in agriculture and fertilizer sectors, emphasizing global food security [1] Group 4: Operational & Funding Strategy - Gensource maintains a lean operational model, focusing on capital allocation to de-risk the Tugaske Project [1] - Recent activities include updating the front-end engineering design (FEED) package and engaging with strategic partners for construction capital [1] Group 5: Compelling Market Fundamentals - The potash market is experiencing supportive factors, including geopolitical events highlighting food security and stable fertilizer supply chains [1] - The exemption of Canadian potash from U.S. import tariffs enhances the competitiveness of Saskatchewan production [1] - Potash prices remain historically robust due to steady demand and constrained supply, with global supply growth slower than anticipated [1]
E3 Lithium Successfully Completes the Drilling Portion of Its Phase 2 Demonstration Program and Provides a Leadership Update
Businesswire· 2025-12-03 08:15
Core Insights - E3 Lithium has successfully completed the drilling of its brine production and injection wells at its Demonstration Facility in central Alberta, marking a significant milestone in Phase 2 of its Demonstration Facility program [1][2] Drilling Program Progress - The newly drilled vertical production and deviated injection wells are the third and fourth wells into the Leduc Formation, part of the Clearwater Project area, with drilling operations reaching total depths past the Leduc and into the Cooking Lake Formation [2] - Approximately 200 meters of the Leduc aquifer was intercepted, aligning with expectations for the producing zone in this area [2] - The next phase will involve completions and production testing, expected to continue into the first quarter of 2026, with lithium and water chemistry data to be available upon the commencement of production tests [2] Leadership Update - Rob Knowles, Vice President of Investor Relations, is no longer with the company, and E3 Lithium expressed gratitude for his contributions [3] - Sarfraz Somani will join as Director of Capital Markets starting December 8th, bringing over 18 years of experience in corporate development and investor relations within the energy sector [4] Resource and Financial Overview - E3 Lithium has a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) in Measured and Indicated resources, along with 0.3 million tonnes of LCE in Inferred mineral resources in Alberta, and 2.5 million tonnes of LCE in Inferred mineral resources in Saskatchewan [6] - The Clearwater Pre-Feasibility Study outlines a proven and probable mineral reserve of 1.13 million tonnes of LCE, with a pre-tax NPV (8%) of USD 5.2 billion and an after-tax NPV (8%) of USD 3.7 billion, indicating a 29.2% IRR pre-tax and 24.6% IRR after-tax [6]
Pan American Silver Provides 2025 Year End Exploration Update
Businesswire· 2025-12-01 22:03
Core Insights - Pan American Silver Corp. has provided an exploration update for 2025, highlighting significant advancements in its long-term exploration strategy aimed at replacing and growing mineral resources across several key operations [2][3][4]. Exploration Highlights - **Jacobina Mine**: Exploration focused on the Maricota zone has confirmed the potential to expand inferred gold resources, with notable drill results including 8.97m at 5.67 g/t Au, extending resources approximately 300m down dip and along strike [3][8]. - **El Peñon Mine**: Increased exploration has confirmed and extended mineralization in core mine structures and satellite deposits, with significant results such as 1.40m at 31.20 g/t Au and 81 g/t Ag [3][9]. - **La Colorada Mine**: Infill and exploration drilling have expanded the estimated 52.7 million ounces of inferred silver mineral resources, with notable results including 15.7m at 201 g/t Ag [4][11]. - **Timmins Projects**: Drilling at Whitney and Vogel has indicated mineral resource potential, with significant intercepts including 1.15m at 399.43 g/t Au [6][15]. - **Huaron Mine**: Drilling has extended mineral resources with significant results such as 1.57m at 627 g/t Ag and 15.46% Pb [12][14]. - **Minera Florida**: Infill and exploration drilling have confirmed the continuity of mineralization, with highlights including 1.06m at 20.19 g/t Au [16][19]. - **Cerro Moro**: Shallow exploration and infill drilling at the Naty Condor discovery have yielded notable results, including 17.95m at 13.51 g/t Au and 228 g/t Ag [20][21]. Drilling Statistics - For the period from November 2024 to October 2025, a total of 540,000 metres of drilling is planned, with 333,830 metres already completed, representing 70% of the total [2][7]. - The exploration program emphasizes near-mine exploration and resource conversion across the company's portfolio of operating mines [2][3]. Future Prospects - The company aims to continue expanding its mineral resources through ongoing exploration efforts, particularly in areas with confirmed geological continuity and high-grade potential [2][4][8]. - New target areas have been identified, such as Lagartixa and Canavieiras Extension, which hold significant potential for adding new mineral resources [7][8].
Lomiko Metals Announces Management Change
Businesswire· 2025-11-30 04:00
Nov 29, 2025 11:00 PM Eastern Standard Time Lomiko Metals Announces Management Change Share NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko†or the "Company†) is pleased to announce the appointment of Robert Boisjoli as the Company's Chief Financial Officer (CFO), effective immediately. Mr. Boisjoli, based in Montreal, replaces the company's outgoing CFO, Jacqueline Michael. Mr. Boisjoli, ...
Dealings in Securities by an Executive Director of AngloGold Ashanti plc
Businesswire· 2025-11-26 11:06
Core Viewpoint - AngloGold Ashanti plc has reported significant financial performance improvements, including a record free cash flow and increased gold production, while also announcing executive transactions and board appointments [5][6]. Executive Transactions - Gillian Doran, an Executive Director, sold 22,033 ordinary shares on November 24, 2025, at an average price of US$82.4727, totaling approximately US$1.82 million [2][1]. - Post-transaction, Ms. Doran retains 51,271 shares and 89,738 unvested shares under the Performance Share Plan [1]. Financial Performance - The company achieved a record free cash flow of $920 million in Q3 2025, marking a 141% year-on-year increase, attributed to cost discipline and higher gold prices [5]. - A quarterly dividend of $460 million was declared, bringing the total dividends for the year to $927 million [5]. - Gold production increased by 17% in Q3 2025 compared to Q3 2024 [5]. Board Appointments - Marcus Randolph has been appointed as an independent non-executive director effective October 27, 2025, and will serve on the Compensation and Human Resources Committee and the Social, Ethics and Sustainability Committee [6].
Gold Reserve Prevails in ICC Arbitration Against BANDES
Businesswire· 2025-11-25 23:42
Core Viewpoint - Gold Reserve Ltd. has received a favorable Final Award in its arbitration against BANDES, the Venezuelan state development bank, amounting to approximately $28.98 million, including pre-award interest and additional costs [1]. Summary by Sections Arbitration Outcome - Gold Reserve Corporation, an affiliate of Gold Reserve Ltd., was awarded a total of $28,982,568.70 in the arbitration against BANDES, which includes pre-award interest [1]. - The tribunal also awarded costs amounting to €434,000 and post-award interest calculated at the 12-month SOFR + 2% from the date of the Final Award until full payment is made [1]. Recovery Efforts - Gold Reserve plans to pursue the recovery of the awarded amounts through ongoing recognition and enforcement proceedings in the courts of Portugal [2]. Financial Implications - The awarded amount reflects significant financial implications for Gold Reserve, potentially impacting its liquidity and operational capabilities as it seeks to enforce the award [1][2].
Rio Tinto strengthens support for organisations responding to gender-based violence across Canada
Businesswire· 2025-11-25 14:00
Core Viewpoint - Rio Tinto is reaffirming its commitment to combat gender-based violence in Canada by providing financial support to local organizations that assist affected individuals and communities [1][3]. Financial Contributions - This year, Rio Tinto is contributing $400,000 to support 15 organizations that deliver essential services to those affected by gender-based violence [2]. - Since 2020, the company has provided a total of $2.335 million in funding for this initiative in Canada [3]. Partnerships and Supported Organizations - Rio Tinto is partnering with 15 organizations across Canada, including SOS violence conjugale, to provide shelter, counseling, education, and training [5]. - The organizations supported include various centers in Quebec, British Columbia, Newfoundland and Labrador, and Northwest Territories [5]. Corporate Responsibility and Employee Support - The company emphasizes the importance of safety and support for its employees, offering resources such as additional paid leave, emergency accommodation, and financial support for those experiencing gender-based violence [4]. - Employees also receive training to assist colleagues in need of support [4]. Leadership Statements - Jérôme Pécresse, Chief Executive of Rio Tinto Aluminium & Lithium, highlighted the company's responsibility to ensure safety for both employees and surrounding communities [3]. - Jocelyne Jolin, Executive Director of SOS violence conjugale, noted that Rio Tinto's support helps modernize tools for victim safety and sends a strong message about corporate commitment to addressing intimate partner violence [4].
Gold Reserve Provides Update on CRA Audit
Businesswire· 2025-11-24 12:30
Core Viewpoint - Gold Reserve Ltd. has announced the completion of the Canada Revenue Agency (CRA) audit of its international transactions, resulting in no net adjustments to its Canadian tax filings for the years under review [1] Tax Audit Update - The CRA audit covered the taxation years 2014, 2016, 2017, and 2018, which included a proposed reassessment related to the September 2014 arbitral award and payments made under the settlement agreement with Venezuela [1] - The completion of the audit means that the CRA examinations of the Company's Canadian tax filings for the years under review are concluded, and no further reassessments are proposed [1]
TomaGold Announces Closing of the First Tranche of Its Private Placement
Businesswire· 2025-11-21 22:19
Core Points - TomaGold Corporation has successfully closed the first tranche of its non-brokered private placement, raising total proceeds of $1,105,000 through the issuance of 19,300,000 flow-through shares at $0.05 each and 3,500,000 units at $0.04 each [1][3] - The proceeds from the sale of units will primarily be used for general corporate working capital, while the gross proceeds from flow-through shares will be allocated to eligible Canadian exploration expenses [3] - An insider purchased 750,000 units for $30,000, which is considered a related party transaction but is exempt from certain formal requirements due to the market capitalization conditions [4] Financial Details - The first tranche includes 19,300,000 common shares and 3,500,000 units, with each unit consisting of one common share and one-half of a share purchase warrant, exercisable at $0.08 for 24 months [1] - TomaGold paid $56,000 in cash finder's fees and issued 1,120,000 finder's compensation warrants, each allowing the purchase of one share at $0.08 for 24 months [2] Regulatory and Compliance - All securities issued are subject to a statutory hold period of 4 months and a day from issuance [3] - The closing of the private placement is pending final approval from the TSX Venture Exchange [5] Company Overview - TomaGold Corp. is a Canadian junior mining company focused on acquiring, exploring, and developing precious and base metal projects, primarily in Quebec and Ontario [8] - The company's key assets include the Obalski gold-copper-silver project and options to acquire 12 additional properties in the Chibougamau Mining Camp [8]
Mineros Announces Management and Board of Directors Changes to Support Next Phase of Growth
Businesswire· 2025-11-19 00:36
Core Points - The company announced a series of management and board changes to strengthen its leadership and support the next phase of growth [1][3] - Daniel Henao has been appointed as President and CEO, bringing extensive experience in the precious metals value chain [2][3] - The company is committed to maintaining stability and delivering value to stakeholders during this transition [3] Management Changes - Daniel Henao replaces David Londoño as President and CEO, effective immediately [2] - David Splett will step down as CFO effective January 2, 2026, with Sergio Chavarria serving as Interim CFO [4] - Three new appointments have been made to strengthen technical and growth leadership: María Vallejo García as VP of Growth and Business Development, Carlos David Ríos Restrepo as VP of Exploration, and Marcela Castillo as VP of Sustainability [5] Board Changes - Andres Restrepo and Marco Izquierdo Llanos have resigned as directors, effective November 18, 2025 [6] - The company expressed gratitude for the service of departing leaders and welcomed new appointees [7] Company Overview - Mineros S.A. is a Latin American gold mining company headquartered in Medellín, Colombia, with a diversified asset base and a focus on safety and sustainability [7][8]