G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF, FRA:W97) reported preliminary second quarter production results from its wholly owned Tocantinzinho gold mine in Brazil, with gold output rising 16% from the previous quarter as the company said it remains on track to meet its full-year production target.
The company produced 36,845 ounces of gold during the three months ended June 30, up from the first quarter. Gold sales totaled 37,439 ounces during the period. Year to date, G Mining Ventures has produced 68,691 ounces of gold and sold 71,215 ounces.
Varon Corp (OTCID:OZSC)'s joint venture Ballislife has added NBA player Coby White as a brand ambassador and equity partner for Ballislife Drink, expanding its roster of NBA athlete partners.
Ballislife Drink said its athlete partnerships are structured as equity arrangements rather than traditional endorsement agreements, with the aim of aligning players' long-term interests with the brand's growth.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) said Thursday it has extended and restructured payment terms under its earn-in agreement for the M47c,d oil block in southeastern Türkiye, setting the stage for a ramp-up in drilling and development activity over the next year as the company works toward its goal of bringing the block into production.
The company has advanced US$300,000 as part of its earn-in commitment, pushing back the deadline for the remainder of its next funding tranche to September.
American Resources Corp (NASDAQ:AREC) announced that it has been selected by the US Department of Energy (DOE) for award negotiations under a funding program aimed at expanding domestic capacity to recover rare earth elements and other critical materials from coal-based industrial byproducts.
The company is one of five organizations selected under the DOE's Topic Area 1: Mines & Metals Pilots – Coal-Based Industry initiative. The program is intended to support pilot-scale facilities that recover rare earth elements and other critical materials from coal and coal-based feedstocks at domestic industrial sites.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) said its THERMAL-XR ENHANCE coating has passed 30,000 hours of salt spray testing at an external lab.
THERMAL-XR ENHANCE is a coating system designed to improve the conductivity of corroded heat exchange surfaces, as well as improve and maintain the performance of new units at peak levels.
Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) submitted certification to the DOE confirming its Arizona mine met the requirements for a $13.9 million Section 48C tax credit, a federal program supporting domestic critical minerals production, marking a step toward monetizing the non-dilutive funding.
The submission confirms the project has met requirements under the company's 48C application, including placing eligible assets into service and commencing production at its Johnson Camp Mine in Arizona in 2025.
Shares in Bango PLC (AIM:BGO, OTCQX:BGOPF), the mobile commerce company, jumped 18% to 68p after it said it remains on course to meet full-year market expectations after a strong first half marked by rising recurring revenue and improved profitability.
Annual recurring revenue grew 31% to $20.4 million in the six months to 30 June, up from $15.6 million a year earlier.
Mining stocks dominated the FTSE 350 risers on Thursday as stronger metals prices boosted sentiment across the sector.
Precious metals miners led the way, with Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY) rising 4.7%,followed by Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), which gained 3.9%, while Atalaya Mining Copper (LSE:ATYM, TSX:AYM), Endeavour Mining PLC (LSE:EDV, OTCQX:EDVMF) and Fresnillo PLC (LSE:FRES) all up over 2%.
Cyprium Metals Ltd (ASX:CYM, OTCQB:CYPMF) has identified extensive copper mineralisation within the historical waste dump at its Nifty Copper Complex in Western Australia, pointing to a potential new feed source for the company’s phased copper cathode restart strategy.
The copper developer said a recent reverse circulation drilling program had targeted visible copper mineralisation in the waste dump next to the historical oxide open pit, with metallurgical test work now planned to assess mineralisation characteristics and leaching performance.