Antipa Minerals Ltd (ASX:AZY) has successfully placed the entire shortfall from a recently completed entitlement offer of about $1.3 million with the placement of about 101.4 million shares.
At the same terms of the entitlement offer, the placement shortfall will be issued at a price of $0.013 per share, with subscribers also receiving one free option to acquire a share for every two shares applied for and issued.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) shared news of a significant new financing that McEwen Mining Inc (TSX:MUX, NYSE:MUX) received for the Los Azules copper, gold, and silver project in San Juan, Argentina.
TNR Gold holds a 0.4% net smelter returns royalty on the Los Azules project, contributing to its continued development and growth.
Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) has kicked off its drill program at the Rincon West lithium project in Salta province and the first hole is now completed.
It comes after the company received the environmental permit to begin exploring the contiguous Rinconcita II concession.
American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) shares were trading about 8% higher intra-day after revealing a 28.5% increase in recovery of neodymium and praseodymium oxide (NdPrO) from its flagship Halleck Creek Project in Wyoming.
The metallurgical testing program, performed under the direction of John Wood Group PLC (LSE:WG.), indicates the ore can be effectively processed using conventional technologies that not only require less initial capital expenditure but also provide lower ongoing operating costs.
Jindalee Resources Ltd (ASX:JRL) has raised A$3.5 million after closing its public offering early.
The company, which will rename to Jindalee Lithium Ltd subject to shareholder approval, is also raising up to A$2 million via a priority offer to eligible security holders, which is scheduled to close on October 27.
The September quarter marked a significant period of progress for Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) with exploration activity stepping up across its flagship Estelle Gold Project in Alaska’s prolific Tintina Gold Belt.
During the quarter, Nova completed a 7,500 metres drill program at the RPM and Train areas, well under budget, and with assay results pending from RPM North, RPM Valley and Train to determine the next steps.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has maintained its production forecast for the year in spite of lower grades at its Segilola gold mine in Nigeria in the latest quarter.
For the full year 2023, Thor still expects to produce 85,000 oz of gold at a sustaining cost of US$1,150-US$1,350 per ounce.
Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) has revealed ‘promising’ gold hits from the first six holes of the company’s maiden reverse circulation (RC) drill program at Nunyerry North, situated in the Southern Egina Gold Camp in Pilbara, Western Australia.
The maiden program included the best intercepts of 13 metres at 1.18 g/t gold, 7 metres at 1.12 g/t gold and 3 metres at 1.37 g/t gold.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) has received a substantial financing update from McEwen Mining Inc (TSX:MUX, NYSE:MUX) regarding the Los Azules copper, gold, and silver project in San Juan, Argentina.
McEwen Copper, a subsidiary of McEwen Mining, successfully closed an additional 42 billion Argentine Peso (ARS) (US$120 million) investment from Stellantis, a global automaker, aimed at advancing the Los Azules copper project.