News Archives - Page 6 of 7

ThursdayNov 07, 2024 3:31 pm

RockBreaks – Renforth Resources Inc.’s (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Advances Exploration at Parbec Gold Deposit with Stripping Permit Applications

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) announced new fieldwork initiatives at its Parbec gold deposit in Malartic, Quebec. The company is applying for two stripping permits to remove overburden and expose bedrock, improving geological mapping and structural understanding of the relationship between Pontiac sediments and the Cadillac Break. These efforts target near-surface drill intersections to identify potential bulk sampling locations, leveraging shallow overburden and existing infrastructure for efficient execution. The work is expected to begin early next year, pending permits and favorable conditions, and aligns with Renforth’s goal to enhance the understanding and development potential of Parbec’s near-surface…

ThursdayNov 07, 2024 11:40 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

McEwen Mining (NYSE: MUX) (TSX: MUX) has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met. McEwen’s significant investment demonstrates its commitment to advancing Inventus’s Pardo Project, marking a strategic alignment in McEwen’s broader investment interests in the precious metals sector. To view the full press release, visit https://ibn.fm/BZQfZ About McEwen Mining Inc.…

WednesdayNov 06, 2024 10:35 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Strong Q3 Performance with 36% Revenue Increase and Major Profit Gains

McEwen Mining (NYSE: MUX) (TSX: MUX) announced impressive financial results for Q3 2024, driven by a 36% increase in revenue to $52.3 million due to higher gold prices and an uptick in production. The company’s gross profit surged by 268% to $13.8 million, reflecting improved operational efficiencies and robust production levels. Additionally, McEwen Mining reported a reduced net loss of $2.1 million, significantly lower than the $18.5 million loss in Q3 2023. Operating cash flow rose to $23.2 million, while adjusted EBITDA soared 586% to $10.5 million, highlighting the company’s enhanced cash flow and operational gains across its assets. To…

TuesdayNov 05, 2024 3:19 pm

RockBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Announces Private Placement and Town Hall Event

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), a Canadian mineral exploration company, announced a non-brokered private placement to raise $250,000 for exploration on its Malartic Metals Package (“MMP”) property in Quebec. Units, priced at 2 cents each, include a flow-through share and half a common share purchase warrant, with full warrants exercisable at 5 cents for 36 months post-closing. The wholly-owned MMP property, located near established mining hubs and featuring infrastructure such as road, rail, and hydroelectric access, hosts battery minerals and polymetallic systems, including nickel, cobalt, platinum, and palladium. To view the full press release, visit https://ibn.fm/2J5hv About…

MondayNov 04, 2024 9:15 am

RockBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Boosts SASB Gas Field Output with Velocity String Installations

Trillion Energy International (CSE: TCF) (OTCQB: TRLEF) has reported increased production at the SASB gas field following the recent installation of velocity strings (“VS”) aimed at enhancing gas flow by reducing water loading. The Akcakoca-3 well showed an increase in production from approximately 2.0 MMcf/d to 2.6 MMcf/d after VS installation. A velocity string was also installed in the West Akcakoca-1 well, with gas production expected to resume soon after nitrogen stimulation. Trillion is currently installing a VS in the Guluc-2 well as part of the ongoing optimization program at the SASB field. To view the full press release, visit…

FridayNov 01, 2024 3:25 pm

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Schedules Q3 2024 Financial Results Call with Management Insights and Q&A Session

McEwen Mining (NYSE: MUX) (TSX: MUX) will host a conference call on Wednesday, Nov. 6, 2024, at 11 a.m. EST to discuss its third-quarter 2024 financial results and provide updates on project developments. Following the management’s presentation, participants will have the opportunity to engage directly by asking questions over the phone during the live webcast, offering an interactive session to address investor inquiries and insights. To view the full press release, visit https://ibn.fm/DLXDk About McEwen Mining Inc. McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7%…

WednesdayOct 30, 2024 8:30 am

RockBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Promising Mineralization at Storm Copper Project, Awaits 2024 Drilling Completion

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) announced a positive update on its Storm Copper Project on Somerset Island, Nunavut, in collaboration with American West Metals Limited, the project operator. Early drilling results from the ST24-02 hole in an underexplored area confirmed widespread sediment-hosted copper mineralization, which CEO Thomas Ullrich highlighted as a promising indication of significant copper potential. A partially completed third deep drill hole encountered challenging conditions due to freezing ground and limited supplies, delaying completion until early 2024. The targeted anomaly remains a priority due to its potential for both fault-hosted and stratiform-hosted copper mineralization. To view the…

TuesdayOct 29, 2024 10:43 am

RockBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Initial 2024 Drilling Results Support Expansion of Conceptual Open-Pit Gold Resource

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA:9NH) has released initial results from its 2024 drilling campaign at the Duquesne West Gold Project, revealing promising potential for resource expansion in its open-pit model. The first three holes of the 19-hole program intersected significant low-grade gold mineralization near surface, with highlights including 52.1 meters at 0.8 grams per tonne (g/t) gold, which includes a higher-grade interval. CEO John Florek noted these findings demonstrate untapped potential in the project’s conceptual open-pit model, which aims to incorporate lower-grade bulk tonnage and maximize near-surface ounces for a resource estimate expected in Q1 2025. The…

ThursdayOct 24, 2024 11:13 am

RockBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Offshoot McEwen Copper Secures Additional $35 Million Investment from Rio Tinto’s Nuton

McEwen Mining (NYSE: MUX) (TSX: MUX) subsidiary McEwen Copper has secured an additional $35 million investment from Nuton LLC, a Rio Tinto Venture, as part of its ongoing private placement financing. This second tranche brings the total raised to $56 million, with Nuton now owning 17.2% of McEwen Copper. The funds will support the development of the Los Azules copper project, with a feasibility study expected by mid-2025. McEwen Copper’s post-money market value is now $984 million, with major shareholders including McEwen Mining, Stellantis, Nuton, and Rob McEwen. To view the full press release, visit https://ibn.fm/jnOlJ About McEwen Mining Inc.…

TuesdayOct 22, 2024 9:30 am

RockBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Secures Initial C$1.38 Million in Funding for Storm Copper Project Joint Venture

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) has received an initial US$1 million (C$1.38M) as part of a $12.5 million funding agreement with American West Metals and Taurus Mining Royalty Fund. The funding will support the exploration and development of the Storm Copper Project in Nunavut, with future payments contingent on project milestones, including the completion of a prefeasibility study and resource upgrades. Aston Bay holds a 20% interest in the project and will use its share of the funds to advance other exploration activities. To view the full press release, visit https://ibn.fm/v6Z58 About Aston Bay Holdings Ltd. Aston Bay is…

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