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Gold Basin Resources Announces Date Of Annual General Meeting And Provides Corporate Update
Thenewswire· 2026-02-11 14:00
Core Viewpoint - Gold Basin Resources Corporation has scheduled its annual general meeting for May 12, 2026, in response to a hostile takeover bid from Canex Metals Inc., which expired on February 10, 2026 [1][2]. Group 1: Annual General Meeting Details - The annual general meeting is set for May 12, 2026, with the record date for shareholders to be announced later [1]. - The meeting is called following the expiry of Canex's hostile takeover bid, allowing time for the completion of the Company's audited financial statements for the fiscal year ended December 31, 2024 [2]. Group 2: Hostile Bid Review - The Company is conducting a thorough review of the shares tendered to the hostile bid, expressing concerns about the validity of certain tenders and compliance with securities legislation [3]. - The Company reserves all rights regarding the matter and will update shareholders as the review progresses [3]. Group 3: Commitment to Shareholder Value - The Board is committed to maximizing shareholder value and is open to considering bona fide proposals that align with the best interests of the Company and its shareholders [4]. - Shareholders are advised not to take any action regarding their shares until the review is complete and the management information circular is distributed [5]. Group 4: Company Overview - Gold Basin Resources Corporation is advancing the Gold Basin Project, a 42 km² area located in Mohave County, Arizona, with year-round accessibility and existing infrastructure [6]. - The focus is on expanding and delineating multiple at-surface oxide gold deposits to demonstrate the project's district-scale potential [6].
Gold losing some momentum as U.S. economy created 130K jobs in January
KITCO· 2026-02-11 13:43
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Contango Ore Announces $50 Million Underwritten Offering of Common Stock and Pre-funded Warrants
Prnewswire· 2026-02-11 13:36
Contango Ore Announces $50 Million Underwritten Offering of Common Stock and Pre-funded Warrants [Accessibility Statement] Skip NavigationFAIRBANKS, Ala., Feb. 11, 2026 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), is pleased to announce that it has priced its underwritten offering (the "Offering") of common stock (the "Shares") of the Company consisting of 1,678,206 Shares at an offering price of $24.96 per Share to two institutional investors. In the Offering, Cont ...
Labrador Gold and Nemo collaborate on Ontario exploration project
Yahoo Finance· 2026-02-11 13:22
Core Viewpoint - Labrador Gold and Nemo Resources have established a joint venture to explore the Watson Project in north-western Ontario, which is expected to uncover significant gold and critical mineral deposits [1][2]. Group 1: Joint Venture Details - The joint venture will be led by Elementary Minerals, which holds 127,100 hectares of mineral claims in the Fort Hope greenstone belt [1][3]. - Nemo Resources will manage the operations of the joint venture, with a technical committee overseeing the exploration strategy [2]. Group 2: Financial Contributions and Stake Distribution - Labrador Gold has invested $1.5 million (C$2.03 million) into Elementary Minerals to support exploration efforts [3]. - Under the agreement, Nemo has transferred 314 mining claims covering 6,300 hectares to Elementary in exchange for four million common shares, representing a 20% stake [5]. - Labrador Gold has received 16 million common shares for its financial contributions, securing an 80% interest in Elementary Minerals [5]. Group 3: Exploration Plans and Geological Context - The Watson Project is located in a less-explored region compared to neighboring belts, with potential for gold and critical minerals such as antimony, nickel, copper, and zinc [2]. - Elementary's exploration plans for 2026 include conducting an airborne survey followed by soil sampling to locate substantial gold deposits [4]. - The geological features of the area include significant banded iron formations where gold occurrences have been identified but remain untested [4][7]. Group 4: Future Infrastructure Developments - A proposed road to Ontario's Ring of Fire region is expected to begin construction in mid-2026, which could reduce exploration and development costs once completed [5]. Group 5: Exploration Potential - Labrador Gold's VP of exploration highlighted the outstanding exploration potential at Watson, emphasizing the favorable geology and historical limited exploration in the area [6]. - The district-scale land package comprises over 127,000 hectares of prospective greenstone belt, which will be systematically screened for large-scale mineral deposits [7].
Maxus Mining Highlights Strong Polymetallic Results at the Alturas West Property in British Columbia, Canada
Globenewswire· 2026-02-11 13:00
VANCOUVER, British Columbia, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to provide highlights from its 2025 field program at the Company’s Alturas West Property (the “Project” or the “Property”), located in the Slocan Mining District in British Columbia (Please see Figure 1). Maxus engaged Palliser Exploration Ltd. (“Palliser”) to complete a reconnaissance field program across the Project in Autumn 2025. The first round of results of the ...
Nasdaq and Dow Jones boosted by delayed jobs report
Yahoo Finance· 2026-02-11 13:45
Nasdaq and Dow Jones boosted by delayed jobs report Proactive uses images sourced from Shutterstock 8.45am: Payrolls report gives stocks boost US stock futures have picked up after the delayed January jobs report came in stronger than expected.  For January, there were 130k new jobs added, well ahead of the consensus forecast of 55k. The US unemployment rate fell to 4.3%, from 4.4%, where it had been expected to stay. Average hourly earnings were up 0.4% to $37.17. Over a year the rise was 3.71%. Ne ...
KEFI readies for ground breaking at Tulu Kapi as final piece of funding sealed
Yahoo Finance· 2026-02-11 12:40
Core Viewpoint - KEFI Gold and Copper PLC has successfully secured a US$20 million equity-ranking gold royalty, completing the US$340 million financing package for its Tulu Kapi Gold Project in Ethiopia [1][2]. Financing Details - The newly structured royalty is designed to rank on an equity-risk basis and will be paid alongside shareholder distributions at the local subsidiary, Tulu Kapi Gold Mines (TKGM) [2]. - An additional US$30 million of equity-risk capital is anticipated to be finalized this month, which includes US$10 million in development costs to be settled in KEFI shares and US$20 million in additional equity-ranking royalties to other investors [3]. Project Development - With the financing package effectively secured, KEFI is mobilizing field teams and contractors, and is organizing a ground-breaking ceremony for the Tulu Kapi project this month [2]. - Key contractual arrangements are being finalized or targeted for completion by the end of February 2026, which includes offsite infrastructure works, resettlement housing, a full construction documentation package with Lycopodium, and a mining services agreement with BCM [4]. Market Reaction - Following the announcement, KEFI's stock increased by 5.2%, trading at 1.57p in London [5].
1911 Gold to Present at the Metals & Mining Virtual Investor Conference February 12, 2025
Globenewswire· 2026-02-11 12:30
1911 Gold invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com VANCOUVER, British Columbia, Feb. 11, 2026 (GLOBE NEWSWIRE) -- 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB; OTCQX: AUMBF; FRA: 2KY) is pleased to announce that Shaun Heinrichs, President & CEO of 1911 Gold, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted by VirtualInvestorConferences.com, on Februar ...
Mithril Provides Exploration Update Over Multiple Targets, Copalquin Silver-Gold Project, Mexico
Thenewswire· 2026-02-11 12:30
Melbourne, Australia and Vancouver, Canada – February 11, 2026 – TheNewswire - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to provide details of continued exploration progress at Mithril’s district scale Copalquin property, Durango State, Mexico. The maiden drill programme at Target 5 has confirmed a large silver rich target in the south-west of the Copalquin District.  High grade silver and gold mineralisation has been outlined within a se ...
New Age Metals Expands Its PGM-NI-CU Portfolio With Strategic Lac Des Iles Acquisition In Northwestern Ontario
Thenewswire· 2026-02-11 12:15
February 11th, 2026 – TheNewswire - Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce the acquisition, via staking, of the Platreef PGM Project, a platinum group metals–nickel–copper (PGM–Ni–Cu) exploration property located in Northwestern Ontario within the highly prospective Lac des Iles Igneous Complex, hosting Canada’s only primary palladium mine.The acquisition expands the Company’s PGM Division and strengthens its strategic f ...