Heliostar CEO, Charles Funk, commented, “This financing is a significant advancement for Heliostar and our shareholders. These facilities demonstrate the power of production as we were able to secure debt financing at significantly more favourable rates than previously contemplated in the gold-linked letter of intent for Ana Paula.”
“We are proud to receive this prestigious recognition which is a testament to our focus on operating a sustainable business model that can support growing returns to all of our stakeholders over the long-term,” said John A. McCluskey, President and Chief Executive Officer.
Tim Warman, Fuerte’s CEO, commented: “We’ve now completed 20 holes in the Guadalupe vein as part of the current program, and have successfully defined at least three high-grade zones that appear amenable to underground mining, with these zones remaining open at depth. Drilling will now shift to the Los Ingleses vein system in the northeast part of the property (Figures 1 and 9), where some of the highest-grade surface samples have been found.”
GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of up to 11 million units at a purchase price of $0.16 per Unit, to raise total gross proceeds of up to $1.76 million.
Starcore International Mines Ltd. is pleased to report that it has received approval from the Mexican environmental authority, the Direccion General de Impacto y Riesgo Ambiental (DGIRA) (General Deputy for Environmental Control), to extend the term for Starcore’s management of its dry stack tailings at the San Martin Mine in Queretaro, Mexico.
Jody Kuzenko, President & CEO of Torex, stated: “The results of the internal pre-feasibility study on the EPO deposit significantly enhance our strategy to deliver robust, long-term, value accretive production out of the Morelos Complex in a highly efficient way by leveraging infrastructure associated with the Media Luna Project. With the addition of EPO into the updated mine plan, we have further bolstered the cash flow capability of our world-class asset, with continued upside as the prospectivity of the Morelos Property continues to show itself through the drill bit.”
Colibri Resource Corporation is pleased to announce that, further to its news release of August 23, 2024, it has closed the first tranche of its previously announced non-brokered private placement of units for aggregate gross proceeds of $305,500.
Luca Mining Corp. is pleased to announce that it has entered into an agreement with Stifel to act as lead agent and sole bookrunner for and behalf of a syndicate of agents in connection with a “best-efforts” private placement of up to 19,000,000 units of the Company at a price of $0.45 per LIFE Unit for aggregate gross proceeds of C$8.55 million with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption.
“We are excited to partner this top-quality Project, consolidated and worked up by Riverside. To now work with Questcorp to go forward with the exploration program and continued development is an excellent collaboration and fits both companies’ business models.” said John Mark Staude, President and CEO of Riverside.
John MacKenzie, Capstone’s CEO, commented, “We are very pleased to have been included in the S&P/ASX 300 Index as part of the September rebalance. Inclusion in this index recognizes the early success of our secondary listing in Australia, highlighted by our growing CDI market capitalization and robust trading liquidity on the ASX.”
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