Amaroq raises £45M to fund Greenland expansion
Amaroq Minerals (LSE-A, TSXV: AMRQ) has raised £45 million (C$83.2 million) in an oversubscribed financing round to expand Nalunaq gold mine production in Greenland, a territory that has piqued the…
Canada
Perseus falls on gold output forecast
Shares in Perseus Mining (ASX, TSX: PRU) fell on Wednesday after the Africa-focused gold miner said annual output is sill affected by developing the Nyanzaga project in Tanzania that is…
JV video: Sun Summit to double 2024 drill metres at Toodoggone JD prospect
Fresh from closing a $10 million placement last week, Sun Summit Minerals (TSXV: SMN; US-OTC: SMREF) is preparing to speed up drilling at its JD-Theiry gold-silver project in British Columbia’s…
Sitka hits gold ‘almost 1 km deep’ at RC project in Yukon
Summer drilling by Sitka Gold (TSXV: SIG; US-OTC: SITKF) cut a highlight result of 65 metres grading 2 grams gold per tonne at its RC project in west-central Yukon. Shares…
Cyclic to open $25M rare earths plant in Canada
Cyclic Materials, a Canadian startup backed by Amazon and Microsoft, is investing $25 million (C$34.2 million) to build a rare-earths recycling plant and research centre in Kingston, Ont., adding to…
Soma Gold drills high grades at Colombia mine
Drilling by Canada’s Soma Gold (TSXV: SOMA; US-OTC: SMAGF) at its Cordero mine in central Colombia returned a highlight result of 7.5 grams per tonne gold over six metres. That intercept,…
BC mining must deliver on its potential: PwC
British Columbia’s mining industry is entering a crucial stage rich in opportunity for critical minerals and gold, but it’s still dogged by slow permitting and widespread uncertainty, according to global…
JV video: Yukon Metals banks on drilling to deliver steady growth case
Yukon Metals (CSE: YMC; US-OTC: YMMCF) is planning to conduct 9,000 metres of diamond-drilling across its three flagship Yukon projects, president and CEO Rory Quinn says in a video interview….
JV video: Assays, new deal drive Maple Gold Mines 2.0
Maple Gold Mines (TSXV: MGM) president and CEO Kiran Patankar says this year’s drill results have put the company on a new path. The Vancouver-based company has restructured its joint…
Tudor hikes ownership of Treaty Creek in BC
Tudor Gold (TSXV: TUD) has agreed to acquire American Creek Resources (TSXV: AMK; US-OTC: ACKRF) in an all-share deal that would increase its interest to 80% from 60% in the…
JV video: Maritime eyes near-term gold at Hammerdown
Maritime Resources (TSXV: MAE; US-OTC: MRTMF) plans mining its past-producing Hammerdown mine in Newfoundland in this year’s second half, president and CEO Garett Macdonald says. The Toronto-based company is to…
JV video: Amex eyes gold production at Perron
Amex Exploration (TSXV: AMX; US-OTC: AMXEF) plans to release a preliminary economic assessment on its Perron gold project in Quebec within 60 days, CEO Victor Cantore says. Perron sits 110…