Category: Investor’s Corner

ALIX RESOURCES CORP. announces it intends to change its name to “Infinite Lithium Corp.” to better reflect its focused business strategy effective on December 6, 2017.

Bacanora Minerals Ltd., the London and Canadian listed lithium exploration and development company, announces that Martin Vidal, President and a Director of the Company, has resigned the foregoing positions, effective 30 November 2017. Mr. Vidal will remain with the Company in an advisory/consultancy capacity going forward.

Avino Silver & Gold Mines Ltd. is pleased to announce it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares and its warrants on the TSX. Each whole Warrant is exercisable to purchase one additional Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.

Primero Mining Corp. today announced that the Company has agreed with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 1, 2017. The maturity of the RCF has been extended to December 15, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

Mr. Jurgensen was first elected to the Corporation’s board of directors in June of 2005, and served as its President and CEO from June 2010 to June 2016. Mr. Jurgensen has been a member of the Corporation’s audit committee since 2005.

“Exploration activity levels continue to increase in all regions. While revenue is up 10% as compared to the same quarter last year, the volume of activity increased by more than 10%, given the negative impact of foreign exchange translation on revenue as the US dollar weakened compared to the previous year,” said Denis Larocque, President and CEO of Major Drilling Group International Inc. “We are pleased to see a return of demand for our services in South America and Asia, regions that were most affected by the cyclical downturn. Although drilling prices have not yet recovered, margins improved during the quarter, mainly driven by improved productivity.”

The net proceeds of the Offering will be used for the Company’s continued exploration and drilling programs, to finalize a maiden resource estimate for the Las Chispas Project, and for general corporate purposes.

Akiba Leisman, Executive Chairman and Interim CEO states that, “Q3 was an especially active quarter for Marlin. Most of the activity focused on expanding and deepening the north side of the Taunus pit and mitigating the rainy season at the La Trinidad Mine. Rainy season ended in early October and the Company regained access to the remaining high grade HS Zone in the north side of the Taunus pit. The Company is now focused on accessing the high grade HS Zone in the south side of the pit, drilling exploration targets at Colinas (less than one kilometer from the pit) and completing an expanded 30-hole exploration program at Commonwealth.”

Mining systems will be ‘unrecognizable’ in 5 to 7 years. Anglo plans to use virtual models, high-tech cooling in mines.

Millrock Resources Inc. announces that it plans to raise gross proceeds of up to $1,600,000 through a non-brokered private placement of up to 6,400,000 units priced at $0.25 per Unit.