News Archives - Page 5 of 7

MondayDec 02, 2024 1:26 pm

RockBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Moves to Advance Path to Production at Parbec

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) has announced several new initiatives at its Parbec Gold Deposit in Malartic, Quebec. These include a resource update, the start of the permitting process to dewater the underground access to the deposit and TOMRA testing of mineralized and non-mineralized material from Parbec. “Each of our new initiatives at Parbec is intended to increase our deposit knowledgebase towards a future production decision. Our existing, outdated 43-101 resource encompasses only a portion of the property and uses only part of our own drilling, and none from the 1980s or 1990s,” said Renforth President and…

WednesdayNov 27, 2024 8:00 am

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Plans for Saudi-Based PGM Smelter and Refinery

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has signed a memorandum of understanding (MOU) with Ajlan & Bros Company for Mining and Saudi Arabia's Ministry of Investment (MISA) to explore the development of a platinum group metals smelter (“PGM Smelter”) and base metal refinery (“BMR”) in Saudi Arabia. The initiative supports Saudi Arabia’s Vision 2030 by fostering the mining and minerals sector as a key economic pillar. Building on a 2023 Cooperation Agreement with Ajlan, the project includes a global PGM concentrate market study, a feasibility study, and potential for a 50:50 joint venture. The project aims to process…

TuesdayNov 26, 2024 11:31 am

RockBreaks – Torr Metals Inc. (TSX.V: TMET) Identifies High-Priority Gold Targets at Filion Gold Project

Torr Metals Inc. (TSX.V: TMET) announced the successful completion of its 2024 surface geochemical exploration program at the 100%-owned Filion Gold Project in northern Ontario, collecting 1,092 soil and 44 rock grab samples. The program expanded exploration at Filion West with a comprehensive 8.8 km² soil sampling grid, uncovering multiple high-priority zones influenced by advanced LiDAR technology. Highlights include 17 undocumented historical trenches and gold grades of up to 91.4 g/t Au in chip samples. Filion East was confirmed to share favorable geology with Filion West, extending prospectivity across the 42 km-long Filion Fault system. With drilling permits secured and…

TuesdayNov 26, 2024 9:33 am

RockBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports High-Grade Mineralization in Santa Barbara Zone of Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced initial assay results from its definition diamond drilling program in the Santa Barbara starter pit area of the Iska Iska silver-tin polymetallic project in Bolivia. Highlighted results from Hole DSB-68 include a 289.13-meter intersection grading 66.90g Ag/t, 0.63% Zn, 0.42% Pb, and 0.11% Sn, with higher-grade intervals reaching up to 126.10g Ag/t over 122.03 meters. The drilling confirms large high-grade mineralized shoots within breccia pipes that serve as feeders, with mineralization widening at depth. These results align with the geological zoning model of Bolivia's Tin Belt and suggest the potential for…

MondayNov 25, 2024 8:00 am

RockBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Updates 2024 Exploration Progress at Storm Copper Project, Highlights New Discoveries

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) provided an update on the 2024 exploration activities at the Storm Copper Project on Somerset Island, Nunavut, operated by American West Metals Limited under a 20/80 joint venture agreement. Aston Bay retains a free carried interest until a mining decision is made following a bankable feasibility study. CEO Thomas Ullrich highlighted the discovery of two new zones with copper, zinc, and silver mineralization, emphasizing the potential of the 110 km-long trend. He noted the success of prospecting, geophysics, geochemistry, and drilling efforts and announced ongoing development of a maiden resource and further testing of new…

WednesdayNov 20, 2024 9:15 am

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Featured in Editorial Highlighting Growing Demand for Critical Metals

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has been featured in a NetworkNewsWire (“NNW”) editorial, underscoring the rising investment opportunities in the mining sector fueled by increasing demand for critical and traditional metals. As clean-energy technologies drive the need for lithium, cobalt, nickel, and rare earth elements, traditional metals like copper and aluminum are also gaining renewed attention for their role in infrastructure and energy transmission. Amid economic uncertainties, gold and silver remain valuable investments, while platinum group metals (“PGMs”) are gaining prominence due to their unique industrial applications, particularly in automotive pollution control. With potential supply constraints and…

MondayNov 18, 2024 1:45 pm

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ownership Led by Individual Investors Holding Majority Stake

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) was featured in a recent article by Simply Wall St. The publication describes Platinum’s ownership structure, explaining that the company is primarily owned by individual investors, who hold a 51% majority stake, granting them substantial influence over the company’s governance and management decisions. Institutional investors also hold a significant portion, contributing to PTM's credibility within the investment community, though ownership remains fragmented, with the top 25 shareholders collectively owning 48%. The largest single shareholder is Hosken Consolidated Investments Limited, holding 26% of shares. Insider ownership is minimal, with less than 1%…

ThursdayNov 14, 2024 10:30 am

RockBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA:9NH) to Showcase Duquesne West Gold Project at 2024 New Orleans Investment Conference

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA:9NH) will present its flagship Duquesne West Gold Project at the 50th annual New Orleans Investment Conference, held November 20-23. Located in Quebec's Abitibi Greenstone Belt, the project holds a historical resource of 727,000 ounces of gold, and recent efforts using AI-driven 3D modeling have allowed Emperor Metals to enhance and expand its mining strategy toward a cost-effective open-pit model. The company has completed over 8,000 meters in its Phase II drilling program this year, recently intersecting 52.1 meters of near-surface mineralization, underscoring resource growth potential. CEO John Florek will present on November 21…

TuesdayNov 12, 2024 3:39 pm

RockBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Completes Private Placement and Announces Participation in Quebec Mining Event

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) has closed its previously announced private placement in two tranches, raising $287,500 through the sale of units consisting of one common share and a half-share purchase warrant, with full warrants exercisable at $0.05 for 36 months. The company also paid $8,000 in finders' fees in connection with the financing. Renforth will participate in the Quebec Mines & Energy convention in Quebec City next week, where attendees can visit the company’s booth or arrange meetings with Nicole Brewster, President and CEO, via the event's meeting platform. To view the full press release, visit…

TuesdayNov 12, 2024 8:15 am

RockBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Expands Private Placement

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) has amended its private placement offering by introducing a flow-through unit (“FT Unit”) component at $0.04 per unit, responding to high investor interest. Additionally, the price of hard dollar units (“HD Units”) has been adjusted to $0.035 per unit. The offering is expected to raise approximately $750,000, with proceeds allocated for Canadian exploration expenses under the Income Tax Act and exploration at the Gochager Lake Project in Saskatchewan. Closing is anticipated by Nov. 21, 2024, pending regulatory and Canadian Securities Exchange approvals. To view the full press release, visit https://ibn.fm/94m3a About Fathom Nickel…

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