Year: 2018

Bacanora CEO Peter Secker said: “We believe that senior debt facilities of this size have been few and far between in the junior resource space in recent years. Furthermore, we consider that the costs and terms of the Facility are highly competitive when compared to other debt packages that have recently been reported for greenfield lithium projects in Canada and Australia. We view the debt facility with RK as a vote of confidence in Sonora’s credentials by a leading specialist debt provider in the resource sector. “

Fresnillo plc informó que mientras algunos de sus competidores han descuidado las actividades de exploración, mantiene la estrategia de expandir activamente las suyas, al tiempo que su equipo de cerca de 100 geólogos le ha permitido obtener grandes avances en sus recursos.

The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.

Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased to have completed another transformational transaction that meaningfully increases our scale and cash flow, further diversifies our portfolio geographically and significantly increases our attributable gold equivalent resources. While a limited number of the royalties were repurchased for cash at full value, we expect the resulting increase in our financial capacity will enhance and accelerate our ability to continue to grow our precious metals royalty and streaming portfolio.”

Golden Reign Resources Ltd. (TSX-V: GRR), Marlin Gold Mining Ltd. (TSX-V: MLN) and Sailfish Royalty Corp. (TSX-V: FISH) are pleased to announce that they have entered into an agreement to further extend the termination date of the previously announced non-binding letter of intent regarding the business combination of Golden Reign’s wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlin’s La Trinidad Mine in Sinaloa, Mexico.

Martin Rosser, Chief Executive Officer, said: “We are delighted with the grant of our patent in Chile for a Method for Ammoniacal Leaching. Chile is the world’s largest producer of copper and a leader in copper heap leaching. We believe that there are significant opportunities in the country where AmmLeach® has major benefits compared to conventional acid leaching methods.”

Professor John M. Guilbert, Dr. Leo J. Miller, Robert E. (Bob) Murray, and Douglas (Doug) B. Silver will join 240 other mining industry luminaries when formally inducted into the National Mining Hall of Fame on September 29th, 2018. Additionally, the Prazen Living Legend of Mining Award will be presented to the Freeport-McMoRan Foundation. The 31st Annual Induction Banquet and Ceremony will be held at the Ritz-Carlton in Denver, CO.