Month: November 2018

Odyssey Marine Exploration Announces Above Market $5.0 Million Registered Direct Offering of Common Stock and Warrants

“This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “The proceeds from this offering also give us flexibility to take advantage of new strategic opportunities that have the potential to deliver significant value in the near future and allow us to accelerate early stage production development or other expenses for our Mexican phosphate project.”

Excellon Reports Third Quarter 2018 Financial Results

“It was a tough quarter that is not representative of the many operational improvements made at Platosa in recent quarters,” stated Brendan Cahill, President and CEO. “In addition to lower production, financial results were impacted by lower by-product prices and associated provisional price adjustments, which have affected the whole market.”

SilverCrest Reports Best Drill Hole Intercept to Date, More High-Grades at Las Chispas;

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We continue to de-risk Las Chispas with the startup of closely-spaced in-fill drilling for the Babicanora Vein, including the high-grade Area 51 zone. By announcing our best drill hole intercept to date suggests that significant additional potential could be discovered at Las Chispas. Furthermore, we are intercepting high-grade vein mineralization within 5 to 10 metres of our projected target, which helps to increase our confidence in vein location and continuity. “

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