Month: December 2022

Lodestar Battery Metals Corp. is pleased to announce a non-brokered flow-through private placement financing of 4,000,000 units at a price of $0.10 per Unit for total proceeds of $400,000.

Pursuant to the Definitive Agreement, the Company will make a strategic investment with a right of first refusal to purchase the Palos Verdes project from Prismo, and acquire 4,000,000 units of Prismo, for aggregate consideration of C$2,000,000.

Great Panther Mining Limited made a voluntary assignment into bankruptcy under the Bankruptcy and Insolvency Act (Canada) following the Supreme Court of British Columbia granting an order terminating of its proceedings under Companies’ Creditors Arrangement Act (Canada).

Wealth Minerals Ltd. has arranged a non-brokered private placement offering of up to 2,631,579 units in the capital of the Company at a subscription price of $0.38 per Unit for gross proceeds of up to $1,000,000, each Unit consists of one common share and one common share purchase warrant, each Warrant entitles the holder thereof to purchase one common share in the capital of the Company at an exercise price of $0.48 per Warrant Share for a period of 24 months.

“The reduced production and lower metal prices have affected our results this quarter; however, we still maintain a healthy cash reserve of over $8.8million,” reported Robert Eadie, CEO of the Company.

Bear Creek Mining Corporation announces that its Board of Directors has authorized and approved the grant of 3,750,000 stock options under its stock option plan to certain directors, officers and employees of Bear Creek.

“We are pleased to continue executing Minaurum’s discovery generator model to advance its district-scale projects while pursuing the monetization of its non-core projects in exchange for a combination of royalties, carried interests, and significant share positions,” stated Darrell Rader, President and CEO of Minaurum Gold.

Fortuna Silver Mines Inc. is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million.