RocksBreaks Archive - Page 32 of 35

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…

MondayNov 11, 2024 3:50 pm

RockBreaks – Torr Metals Inc. (TSX.V: TMET) Unlocking Unexplored Regions for New Copper and Gold Discoveries

Torr Metals Inc. (TSX.V: TMET), a Vancouver-based mineral exploration company, is pursuing cost-effective strategies with higher potential for returns, focusing on district-scale areas with low exploration maturity and strong prospects for new copper and gold discoveries. “With 100% ownership of nearly 1,200 km², Torr’s projects enjoy direct highway access, proximity to power grids, and established mining infrastructure, allowing operations near local towns and cities. In short, Torr is unlocking underexplored regions with major discovery potential, where operation costs are low and mining giants are already invested with dwindling mines that will require feed,” reads a recent article. “My background is…

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 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…

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