“In the DFS, the Company has opted for an underground bulk mine taking advantage of the large widths of mineralization within the deposit. We have been able to re-engineer a 2,000 tonne per day mine plan for at least 12 years of underground mining using the longitudinal sub-level long-hole mining method,” said Brad Langille, President and CEO.
Alamos Gold Inc. today announced the appointment of Tony Giardini to its Board of Directors. Additionally, Scott K. Parsons has been appointed Senior Vice President, Corporate Development and Investor Relations, and Khalid Elhaj has been appointed Vice President, Business Development and Investor Relations.
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.
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.
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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