Year: 2022

Eloro Resources Closes C$9.775 Million Bought Deal Financing

MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing of 3,007,710 units of the Company (the “Units”) at a price of C$3.25 per Unit for gross proceeds to the Company of C$9,775,057.50 (the “Offering”). The Offering was underwritten on a bought deal basis by Cormark Securities Inc. as underwriter (the “Underwriter”), pursuant to an underwriting agreement dated May 16, 2022 between the Company and the Underwriter. Haywood Securities Inc. participated as a special selling group member in connection with the Offering. The Offering included the exercise in full by the Underwriter of the over-allotment option granted by the Company pursuant to the terms of the Offering. Each Unit consists of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at a price of C$4.75 for a period of 24 months following the closing of the Offering. read more

Grid Metals: Nickel and Lithium in Manitoba

JayCurrie
GRDM.V, Grid Metals, Lithium, nickel, Manitoba

There is a lot of market excitement about “battery metals”, lithium, nickel, copper, cobalt and graphite. The future is all about electric vehicles and battery electrical storage to fortify the “grid”. This is where Grid Metals (GRDM.V) begins to shine. The company is developing two projects in southern Manitoba – one a lithium project, the other a nickel/copper project – both located in close proximity to each other. read more

GCM Mining Declares June 15, 2022 Monthly Dividend

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on June 15, 2022 to shareholders of record as of the close of business on May 31, 2022. read more

Eloro Resources Announces Upsized Bought Deal Financing To C$8.5

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro“) (TSXV: ELO) (OTCQX: ELRRF) (FSE: P2QM) is pleased to announce that in connection with its previously announced bought deal financing, the Company and Cormark Securities Inc., (the “Underwriter“) have agreed to increase the size of the previously announced financing. The Underwriter has agreed to purchase, on a bought deal basis, 2,615,400 units of the Company (the “Units“) at a price of C$3.25 per Unit for gross proceeds to the Company of approximately C$8.5 million (the “Offering“). Each Unit will consist of one common share in the capital of the Company (each a “Common Share“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“) of the Company. Each Warrant shall entitle the holder to acquire an additional Common Share at a price of C$4.75 for a period of 24 months following the closing of the Offering. read more

GCM Mining Announces First Quarter 2022 Results

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GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three months ended March 31, 2022. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with “NG”. For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company’s MD&A. read more

Grid Metals Reports New High Grade Lithium Mineralization at Donner Lake

MotherlodeTV
Grid Metals, GRDM.V
Grid Metals Corp., Wednesday, May 11, 2022, Press release picture

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report results for three additional holes from the recently completed Phase 1 drill program at its Donner Lake Lithium property in southeastern Manitoba. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite. The Donner Lake Lithium Property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance. read more

Eloro Resources Files Updated NI 43-101 Technical Report on Iska Iska Project

Eloro Resources Also Announces Filing of Final Base Shelf Prospectus
MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has filed on SEDAR an updated technical report (“Technical Report”) on the Company’s Iska Iska silver-tin polymetallic project, prepared by Micon International Limited (“Micon”) and in accordance with National Instrument 43-101. read more

Cartier Iron Reports on Diamond Drill Program on the Low Sulphidation Gold-Silver Epithermal System at Big Easy, Newfoundland

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Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) provides an update on its diamond drilling program at its wholly-owned Big Easy property, located near Clarenville, in eastern Newfoundland. The Company carried out a 17-hole diamond drill program totaling 9,470.6m in winter 2022 to test significant resistivity anomalies along a major north-northeast trending structural break outlined by the Controlled Source Audio Magneto-Telluric (“CSAMT”) survey in the Central Anomaly – Big Easy Showing Area. Ten (10) of the drill holes tested the Central Anomaly area, three (3), the Central North Anomaly and four (4), the Big Easy South Anomaly (see Table 3 below). Collectively these reconnaissance drill holes tested CSAMT resistivity anomalies over a strike length of 2.4km as shown in Figure 1. read more

Trenching Continues At Wayka: A One-metre-wide Magnetite Lens Returns 7.81 g/t Gold

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Lucky Minerals Inc., Tuesday, May 10, 2022, Press release picture

Lucky Minerals Inc. (TSXV:LKY),(OTC PINK:LKMNF)(FRA:LKY) (“Lucky” or the “Company“) is pleased to announce it continues with the trenching program for the upcoming drill program at the Wayka epithermal gold discovery at its 100% owned Fortuna Property (“Fortuna”) in southern Ecuador. read more