It’s been a long time since a copper and gold mine has opened in Wyoming.
The state, renowned for its diverse mineral deposits and unique geology, plays a vital role in supplying raw materials for various industries and energy development. In a nod to the historical Gold Rush era, small miners continue to stake claims on public lands in search of precious minerals, adding a modern chapter to the state's mining legacy.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has outlined its ambitious exploration plans for 2024, focusing on advancing its uranium projects in the Athabasca Basin of Saskatchewan.
The company holds nearly 200,000 acres of prime exploration real estate across eight projects in the Athabasca Basin, known for hosting the world's highest-grade uranium deposits.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) made a good comeback in the second half of the year to produce 75,416oz gold at Blanket in 2023, says broker Cavendish.
Fourth-quarter production from Blanket was 20,172oz.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) expects stable gold output in calendar year 2024, with guidance for production of 74,000-78,000oz from the Blanket mine in Zimbabwe.
Production in 2023 was in line with guidance at around 75,100oz following the completion of a new central shaft at Blanket.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) said it has repurchased over five million shares of the company, signaling confidence in its royalty business model.
As part of a normal course issuer bid, which is set to end by June 2024, the company has repurchased 5,056,000 shares.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) announced that it has signed a term sheet to option a 75% interest in the 3,737-hectare Ascent Project in the eastern Athabasca Basin to Summit Fusion Pty Ltd, a privately-owned Australian company.
The uranium exploration company said during the first stage, Summit Fusion can earn a 50% interest in the Ascent Project by completing cash payments totaling $200,000, arranging for the issuance of $200,000 worth of shares and incurring $3 million of expenditures, which must be completed within two years of the option being exercised.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced it has appointed Carlo Valente as its full-time chief financial officer with effect from January 15, 2024.
The company noted that Valente has over 26 years of experience supporting companies with capital raising, M&A transactions, strategic and tactical planning, and effective finance structures. He has held the CFO role with six companies, including five Canadian reporting issuers.
Central Asia Metals PLC (AIM:CAML, OTC:CAMLF) hailed copper production at its Kounrad recovery plant in Kazakhstan towards the upper end of the guidance range in 2023, with middle-range zinc and lead output from the Sasa zinc-lead mine in North Macedonia.
Results and the declaration of the dividend will come in late March, while the cash balance at the end of December stood at US$57.2 million, up from US$50.6 million at the half-year stage.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) said results have been encouraging from Phalaborwa pilot plant operations in Florida and Johannesburg.
In Florida, rare earth oxide separation is being carried out using a process devised by US-based technical partner K-Technologies.
US Gold Corp (NASDAQ:USAU) has issued a CEO update outlining the company’s recent and expected milestones, as it continues to advance its assets and projects in 2024.
The gold exploration and development company said its focus for now in 2024 is the CK Gold Project in Wyoming, with an anticipated permit approval and a finalized feasibility study expected in the first half of 2024.
Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) has revealed more high-grade gold results from its RPM deposit, this time from the new broad zone at RPM Valley, within the company's flagship Estelle Gold Project in Alaska.
A total of six holes were drilled into RPM Valley in 2023 designed to follow up and confirm on previous drilling which intersected a new mineralized zone in the valley with results including:
G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) shares rose sharply after it told investors the Toronto Stock Exchange has given final approval for the listing of its shares on the TSX from market open on January 11, 2024, under its current stock symbol "GMIN."
By 2pm in Toronto, the stock was 7.7% higher at C$1.68.
Black Swan Graphene (TSX-V:SWAN) and Nationwide Engineering Research and Development (NERD) announced a development agreement with Roger Bullivant Limited, a part of VINCI, to establish a Concretene pilot manufacturing plant in the UK.
Concretene, a graphene-enhanced concrete admixture developed in collaboration with The University of Manchester, significantly enhances concrete performance while reducing its environmental impact—a crucial step in addressing the construction industry's urgent need for sustainable solutions.
C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has provided an update on 2023 exploration results and strategy for 2024 at its 100%-owned copper-gold projects in Jamaica, with exploration work confirming six porphyry and over 40 epithermal copper-gold prospects along a 30-kilometre (km) strike extent.
The mineral exploration company also said drill holes completed during 2023 highlight significant porphyry potential that remains open at depth and along strike, including the broadest zone of porphyry copper-gold mineralization ever drilled at Bellas Gate that intersected 390.7 metres (m) of 0.37% copper and 0.19 grams per tonne (g/t) gold from 64.1m.
Emmerson PLC (AIM:EML)’s focus for the remainder of 2024 will be to obtain the environmental project for the Khemisset project in Morocco, putting in place a new agreement with its strategic investors and finalising optimisation work ahead of a bankable study, says house broker Liberum.
Hopes that the environmental permit would be in place by now were dashed by the devasting earthquake Morocco suffered in September, with the ensuing delays meaning the strategic financing arrangement currently in place will lapse, says the broker.
G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) has announced the successful early completion and activation of the power transmission line at its 100% owned Tocantinzinho Gold Project (TZ Project) in Brazil’s Pará State
The company said the 193 kilometer (km), 138 kilovolt (kV) powerline will supply renewably generated power to Tocantinzinho and will be energized ahead of process plant commissioning, well in advance of commercial production in the second half of 2024.
Emmerson PLC (AIM:EML) said it has completed most of the planned optimisation workstreams ahead of the start of development at the Khemisset potash project in Morocco and now is waiting for final environmental approval to move forward.
Bank mandates for project financing have been extended until the end of 2024 with the debt funding under discussion totalling US$310 million.
Altech Batteries Ltd (ASX:ATC), a prominent player in the battery technology sector, has completed the sale of a 25% share in its German subsidiary, Altech Industries Germany GmbH (AIG), to Altech Advanced Materials AG (AAM).
The company has received the final instalment of deferred consideration, amounting to €1,583,333.
Pantoro Ltd (ASX:PNR, OTC:PNTOF) continues to improve gold production on a monthly and quarterly basis as the Norseman Project in Western Australia’s Goldfields approaches nameplate production levels.
During December monthly production improved to 6,113 ounces, up from 5,865 ounces in November, despite a number of challenges with COVID-19 cases and personnel attendance around the festive season.