Kootenay Silver Inc. is pleased to announce that the Company has increased the size of its previously announced best efforts private placement (as detailed in the Company’s news releases dated October 18, 2022 and October 24, 2022) from $4,000,000 to $4,347,826 from the sale of up to 48,309,179 units of the Company at a price of $0.09 per Unit.
“The resource estimate is being updated now in connection with our on-going work to secure project financing,” said Sonoro’s President and CEO, Kenneth MacLeod. “We continue to successfully proceed through the environmental permitting phase to facilitate our primary strategy of launching Cerro Caliche into production.”
Xali Gold Corp. is pleased to announce that it has increased its ownership in the SDA Plant in Western Mexico to 50% by issuing shares to Magellan Acquisition Corp.. In addition, the Company has started to receive advance Net Profits Interest payments from Sun River Gold for the El Oro Tailings Project in Mexico.
“Newmont delivered solid third quarter production of 1.5 million gold ounces as we build momentum for strong production in the fourth quarter. Newmont remains well-positioned to respond to the challenging market environment that our industry faces today.”
Allen Palmiere, President and CEO said “The implementation of safety programs has been our top priority in 2021 and 2022 to address ground support and ventilation issues. The disciplined approach had an impact on production volumes, mine development and exploration. With that said, we are still on track to meet our 2022 guidance.”
Silverton Metals Corp. is pleased to announce that the board of directors of the Company has approved a change of the Company’s name to “Lodestar Battery Metals Corp.”
The LOI outlines indicative terms for a proposed: (a) business combination of Kolpa and Sierra Metals; and (b) concurrent financing by an investment firm.
John MacKenzie, CEO of Capstone commented, “Our Q3 results represent our second full quarter of combined operations as Capstone Copper and I’m very pleased with the integration efforts to date. Despite continued inflationary pressures felt across the industry, we kept costs in-line quarter over quarter and are seeing key input costs, particularly sulphuric acid, trend lower and which we expect to realize in 2023.”
Ranchero announces that William Pincus has resigned as CEO and Director and Reena Sall has resigned as CFO, replacing them will be Jesus Noriega as Interim CEO and Omar Gonzalez as CFO. William Pincus will remain with the Company as an advisor as part of the Technical Advisory Team that was formed earlier in 2022. Chris Bradbrook has resigned from the Board of Directors.
Canasil Resources Inc. announces closing on October 26, 2022, of a second tranche of the previously announced non-brokered private placement covering 2,268,250 units at a price of $0.055 per Unit for total gross proceeds of $124,754.
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