“GR Silver Mining is grateful for the ongoing support of its shareholders. Management has been working very hard through very challenging markets to execute several strategic initiatives, which it hopes will bear fruit in the near-term,” commented CEO and Chair Eric Zaunscherb.
Pursuant to the Offering, the Underwriters purchased, on a bought deal basis from the Company and Orion, a total of 68,448,000 Common Shares at a price of C$6.30 per Common Share which included the exercise in full of the Underwriters’ over-allotment option of 8,928,000 Common Shares from the Company, for aggregate gross proceeds under the Offering of C$431,222,400.
Ian McGavney, President and CEO of Colibri states “Doug is a very well-known connector in Mexico and since meeting him several years ago we have been thankful on multiple occasions for his generosity in sharing his long standing industry connections and relevant and up to date local industry insight. We anticipate that our deeper association with Doug will help us to grow deeper roots in Mexico”.
Lowell Kamin, Lodestar’s CEO, President and Chairman of the Board stated: “We are looking ahead to the next chapter of Lodestar as we partner with the team at Axiom and explore new opportunities for value creation. Our Peny Project in Snow Lake, Manitoba, has good potential.”
Based on an assessment of existing activities, Fortuna has determined that a significant portion of its current GHG emissions is attributable to the use of diesel to power its operations. Accordingly, Fortuna’s biggest opportunities for reducing GHG emissions are related to electrification, and increased use of renewable energy.
“Development of Media Luna remains on track for first production in Q4 2024 followed by commercial production in early 2025. The successful completion of Media Luna is expected to result in a return to positive free cash flow in mid-2025 as production ramps up and capital expenditures normalize.”
Fabled Silver Gold Corp. wishes to announce that it has mutually terminated its letter of intent with Kootenay Silver Inc. with respect to the proposed acquisition the Mecatona Property, as first announced in its press release dated February 21, 2023.
“In keeping with our outlook for 2024, as anticipated, the SART Zinc circuit commissioning was finalized at Parral in January, and now we will ramp up the production of zinc and increased precious metals production. We anticipate reaching the average run rate by July of this year when we will fully realize the benefits of the Zinc circuit providing increased free cash flow and production at Parral. The SART Zinc circuit was completed on budget and on schedule,” said Brad Langille, President and CEO.
Maximilian Sali, VP of Corporate Development, remarked, “The team at NZEC has demonstrated exceptional agility in swiftly evaluating and initiating workovers on numerous oil wells with substantial historical production, gearing up to bring them online as they prepare for the pivotal but de-risked Tariki-5 gas well drill. With a current float of just over 8 million NZEC shares, Monumental Energy stands poised to see significant benefits from this investment.”
Freeport-McMoRan Inc. announced today the appointment of Kathleen L. Quirk as President and Chief Executive Officer to be effective at the annual meeting of shareholders on June 11, 2024. Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors.
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