The proceeds from the Private Placement are expected to be used by the Company to purchase underground equipment for its Zimapan property and for general working capital and corporate purposes.
Inomin intends to use the proceeds of the Private Placement to establish operations in Mexico to move forward with the La Gitana project.
“We are actively pursuing additional advanced-stage silver projects for acquisition and as the Company matures there may come a time when a spin out of our Red Lake gold projects is an appropriate step to maximize shareholder value,” said Mike Romanik, President of Silver Dollar.
“The Company has in excess of $52 million US cash in the bank, no debt, a substantial published mineral resource estimate at Los Ricos South, and is enjoying exceptional exploration success at Los Ricos North. We will be expanding on our drilling at Los Ricos North to have one of the most active exploration projects in Mexico and plan on completion of the preliminary economic assessment at Los Ricos South before the end of 2020. These are truly exceptional times for GoGold.”
Alien Metals Limited, a minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 6,250,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.15 pence per share and 10,555,556 ordinary shares of no par value in the capital of the Company at an issue price of 0.3 pence per share.
“By developing these mineral target maps we are able to expand Prospector’s capabilities in exciting ways,” said Emily King, Founder of Prospector. “We believe the Mexico region is a valuable place to expand our coverage and ultimately we are focused on creating value for our audience of mining investors by offering unparalleled data and capabilities.”
Mexico’s tax authority has about 15 cases open against Grupo Salinas, a group of companies controlled by billionaire Ricardo Salinas including broadcaster TV Azteca and retailer Grupo Elektra, the tax chief told newspaper El Pais in an article on Monday.
Making the presentation will be Dr. Craig Gibson, President and CEO and Dr. Peter Megaw, Ph. D. & C.P.G., an advisor to Prismo.
Perhaps most interesting is Weir’s confidence that focusing purely on mining—a historically dirty industry—is really a climate change play. As a mining technology company it could stand to benefit if global miners take commitments to reducing carbon emissions seriously. And Weir’s exposure to copper—crucial in electric vehicles and windmills—positions it well in the long term for a broader global shift to a renewable economy.
ArcelorMittal announces the launch of its tender offer to purchase for cash, any and all of its outstanding 6.125% notes due 2025.
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