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Excellon Announces Availability of Meeting Materials, Alternative Voting Procedures and Adoption of Amended Share Incentive Plan
Newsfile· 2025-10-17 16:23
Excellon Announces Availability of Meeting Materials, Alternative Voting Procedures and Adoption of Amended Share Incentive PlanOctober 17, 2025 12:23 PM EDT | Source: Excellon Resources Inc.Toronto, Ontario--(Newsfile Corp. - October 17, 2025) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") announces that its upcoming annual and special meeting (the "Meeting") of shareholders (the "Shareholders") of the Company will be held virtually through t ...
American Pacific Mining Prepares to Drill High-Priority Porphyry and Skarn Targets at Madison Copper-Gold Project
Newsfile· 2025-10-08 11:00
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce Phase II drill targets at its 100%-owned Madison Copper-Gold Project, located in the heart of the Idaho-Montana Porphyry Belt, 43 kilometres southeast of Butte, Montana. Having now received a key drill permit in early October, this next phase of drilling will test large-scale porphyry and high-grade skarn targets ...
American Pacific Mining Receives Drill Permit Approval for the Madison Copper-Gold Project and Prepares to Test High-Priority Porphyry and Skarn Targets
Newsfile· 2025-10-01 11:00
American Pacific Mining Receives Drill Permit Approval for the Madison Copper-Gold Project and Prepares to Test High-Priority Porphyry and Skarn TargetsOctober 01, 2025 7:00 AM EDT | Source: American Pacific Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce that it has received a drill permit for the Madison Copper-Gold Project located 43 ...
Excellon Announces Brokered Private Placement of Common Shares for Gross Proceeds of up to C$8 Million
Newsfile· 2025-08-26 11:56
Core Viewpoint - Excellon Resources Inc. has announced a brokered private placement of common shares, aiming to raise gross proceeds of up to C$8 million through the sale of up to 40 million shares at a price of C$0.20 per share [1][2]. Group 1: Offering Details - The offering includes an option for agents to sell an additional 5 million shares, potentially raising an extra C$1 million [2]. - The net proceeds from the offering will be utilized for the development of the Mallay Mine, working capital, and general corporate purposes [2]. - The offering is expected to close around September 9, 2025, subject to regulatory approvals [5]. Group 2: Regulatory Compliance - The shares will be offered to purchasers in all Canadian provinces except Québec, under the "listed issuer financing exemption" [3]. - The shares may also be offered in the United States and other jurisdictions through private placements, adhering to applicable laws [3]. Group 3: Company Overview - Excellon Resources Inc. focuses on acquiring and advancing quality precious and base metal assets, with a particular emphasis on the potential restart of the Mallay Silver Mine in Peru [8]. - The company also holds exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru, Kilgore in Idaho, and Silver City in Germany, providing additional growth opportunities [8].
EMX Royalty Executes an Agreement with Galileo Resources to Acquire a Royalty over the Ferber Polymetallic Project, Nevada, USA
Newsfile· 2025-05-13 20:30
Core Viewpoint - EMX Royalty Corporation has executed an exploration royalty agreement with Galileo Resources for the Ferber polymetallic project in Nevada, allowing EMX to earn up to a 1% net smelter returns royalty through exploration and management services [2][6]. Project Overview - The Ferber Project is a copper-gold system located in eastern Nevada, with historical production of copper, lead, silver, and gold dating back to the late 1800s [3]. - Historical drilling in the 1980s-1990s showed encouraging results for gold and copper, which are favorable given current metal prices [3]. Geological Potential - Mineralization at Ferber is centered around an Eocene-age composite intrusive center, indicating potential for a porphyry copper-gold system and associated mineralization [4]. - The geological setting and hydrothermal alteration at Ferber have analogues to other significant porphyry systems in the Great Basin [4]. Agreement Details - The agreement allows EMX to earn a 1% NSR royalty through two milestones: a 0.33% NSR for target generation and an additional 0.67% NSR for managing the first phase of exploration drilling [6]. - EMX will receive a 7.5% management fee for the reconnaissance drilling program, with all exploration work funded by Galileo [6]. Future Plans - EMX plans to commence work on the Target Generation program imminently, indicating a proactive approach to advancing the Ferber Project [5]. - Should Galileo wish to extend the exploration program, further assistance from EMX would require a new agreement [7]. Business Model - This transaction exemplifies EMX's royalty generation business model, leveraging geological expertise to add value to partner-funded exploration programs in exchange for royalty interests [8].
EMX Royalty Announces Q1 2025 Results; Significant Increases in Royalty Revenue, Adjusted Royalty Revenue and Adjusted EBITDA
Newsfile· 2025-05-12 21:00
Core Insights - EMX Royalty Corporation reported significant growth in adjusted royalty revenue and adjusted EBITDA for Q1 2025, with adjusted royalty revenue reaching $10.8 million, a 40% increase year-over-year, and adjusted EBITDA at $7.1 million, up 120% compared to the same quarter in 2024 [6][15][3] Financial Performance - Total revenue and other income for Q1 2025 was $8.4 million, compared to $6.24 million in Q1 2024, marking a 35% increase [4][15] - General and administrative costs were $2.17 million, slightly up from $2.15 million in the previous year [4] - Net income for the quarter was $1.26 million, a turnaround from a net loss of $2.23 million in Q1 2024 [4] - Cash flows from operating activities increased to $1.29 million from $1.03 million year-over-year [4][33] Key Strategic Developments - The company completed the acquisition of an additional royalty interest in the Chapi Mine, enhancing its portfolio [3][9] - EMX has maintained its 2025 guidance, projecting GEOs sales of 10,000 to 12,000 and adjusted royalty revenue between $26 million and $32 million [7] - The company repurchased and canceled 1,479,792 shares during the quarter, completing its original Normal Course Issuer Bid program [11] Capital Management - EMX's cash and cash equivalents as of March 31, 2025, were $19.2 million, with a working capital surplus of $36.1 million, indicating strong financial flexibility [6] - The company has established capital allocation goals for 2025, focusing on portfolio growth through its producing assets at Caserones and Timok [8] - A $10 million acquisition of a royalty on the Chapi Copper Mine is expected to contribute to revenue starting in 2026 [9] Production and Revenue Sources - The company sold a total of 3,756 GEOs in Q1 2025, compared to 3,696 GEOs in Q1 2024 [16][36] - Key revenue sources included Gediktepe ($4.3 million), Caserones ($3.0 million), and Timok ($1.6 million) [16][15] Future Outlook - EMX is well-positioned to identify new royalty and investment opportunities while continuing to grow its pipeline of royalty generation properties [14] - The company anticipates continued revenue growth from its producing royalty assets and other property income [14]