Gold Resource Corporation and Aquila Resources Inc. are pleased to announce the completion today of the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) resulting in the acquisition by GRC, through its wholly-owned indirect subsidiary Gold Resources Acquisition Sub, Inc. of all the issued and outstanding common shares of Aquila.
Richard C. Adkerson, Chairman and Chief Executive Officer, said, “We are pleased to welcome to our Board, Hugh Grant, a widely recognized international business leader with significant operational, strategic, environmental and technology experience relevant to our company. We look forward to his guidance and counsel as we execute our clearly defined strategy of being foremost in the global copper industry.”
Jay Roberge, CEO of Pantera Silver commented, “We are very grateful to have received the drill permit for the Nuevo Taxco Silver project and for the support and patience of our shareholders. This concludes a rigorous process that required the attention and hard work of many individuals working under challenging Covid protocols.”
Alex Langer, President & CEO of Sierra Madre stated, “We have seen increasing US retail and institutional interest in our Company since listing on the TSXV earlier this year. We already have a sizeable US based shareholder base and intend to increase liquidity and interest south of the border by making it easier for potential US shareholders to buy shares on a US exchange.”
Chairman and CEO James Anderson said: “Support from our long-term shareholders – both large and small – has made this private placement an oversubscribed success. This financing leaves GSilver in a stronger financial position, able to withstand the vagaries of the marketplace as well as any technical challenges during the continued ramp up of Mexico’s newest precious metals operation.”
“To highlight our move into lithium, we felt a change to our name would better reflect our focus. In addition to our 13 lithium and potassium salars/salt lakes, we have also retained the rights to a new extraction method for lithium and potassium to be used on our salars.”
The proceeds from the Offering will be used by the Company to complete a 4,000 meter drilling campaign on its Palos Verdes property, conduct exploration on its Los Pavitos property with a view of identifying drilling targets and for general working capital.
Solaris Resources Inc. announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. pursuant to an internal re-organization.
“The initial Mineral Resource Estimate at Los Ricos North exceeds expectations for the first 100,000 metres of drilling on these targets. As we embark on the next 100,000 metres of drilling at Los Ricos North, we feel confident in our understanding of the deposits and the exploration potential in 2022 to greatly increase this already substantial Mineral Resource,” said Brad Langille, President and CEO.
Jadar Resources Limited wishes to advise that following Shareholder approval at the Company’s Annual General Meeting held on 24 November 2021, that the change of the Company name from Jadar Resources Limited to EV Resources Limited will take place on ASX tomorrow.
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