RocksBreaks Archive - Page 10 of 13

ThursdayNov 07, 2024 2:29 pm

RockBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Committed to Tapping into Abundant Resources of the Malartic

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), a company engaged in the acquisition, exploration and development of mineral properties in Canada, operates its flagship Parbec Gold Project near the world-renowned Malartic gold-mining region. “What sets Malartic apart as an exceptional mining region is its geology. The region is part of the larger Abitibi Greenstone Belt, one of the richest mineral belts in the world, renowned for its significant deposits of gold and other base metals… However, Malartic’s significance extends beyond just the sheer volume of gold extracted from its soils. The region also boasts a robust infrastructure for mining…

ThursdayNov 07, 2024 1:23 pm

RockBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Moving to Benefit from Increased Demand for PGMs

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is poised to benefit from the automotive industry’s shift toward hybrid and electric vehicles (“EVs”). “A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (‘PGMs’) in the coming years, similar to the extended lifespan now predicted for coal,” reads a recent article that contains excerpts from a Reuters report. “Platinum Group Metals, an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of…

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%…

ThursdayOct 31, 2024 3:35 pm

RockBreaks – Torr Metals Inc. (TSX.V: TMET) Working to Establish Next Major Gold Exploration Frontier in Northern Ontario

Torr Metals’ (TSX.V: TMET) drill-permitted Filion Gold Project shares remarkable geological similarities with the prolific Hemlo gold camp to the south. “Situated in Northern Ontario’s Wawa Terrane, Filion provides a highly promising environment for discovery, featuring large-scale shear zones and structural controls akin to those that contributed to Hemlo’s impressive 21-million-ounce yield*. In its maiden 2023 exploration, Torr identified six undrilled parallel gold soil anomalies across a 2.5-kilometer-wide corridor, with strike lengths extending up to 1,200 meters,” reads a recent article. “With the majority of the area’s structural and stratigraphic contacts—favorable for concentrating precious metal deposits—yet to be tested, Torr…

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 2:07 pm

RockBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Focused on Increasing Production Capacity to Meet Rising Demand

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a Canadian oil and gas exploration and production company, is playing a pivotal role in meeting the rising demand for natural gas in Europe and Türkiye. “Trillion Energy International has emerged as a significant player in the natural gas sector. The company has been actively involved in natural gas production in Türkiye, where it operates the South Akçakoca Sub-Basin (‘SASB’) gas project. This project is strategically important for Türkiye’s energy goals because it aims to increase domestic natural gas production and reduce reliance on imported energy,” a recent article reads. “A recent update on…

Rocks & Stocks (R&S) provides articles, video reports, and podcasts on trends within the mining industry.

Contact us: (512) 354-7000

RocksBreaks