These alternatives could include, among other things, the sale of part or all of the Company, a sale of some of the assets of the Company, a merger or other business combination with another party, or other strategic transactions. The Company has engaged CIBC World Markets Inc. to assist the Board of Directors in its review of strategic alternatives.
Sean Roosen, Chair and Chief Executive Officer of Osisko Development stated: “We are thrilled to have raised over CDN$200 million since October 2020 to capitalize Osisko Development. The proceeds that we’ve raised, coupled with our equity investments and expected near-term cash flows, forms the foundation of continued development of the Cariboo Gold Project. We thank our partners and the investment community for your support over the past couple of months to put Osisko Development in position to succeed out of the gate.”
Fortune Bay Corp. wishes to announce that it has retained the services of Vancouver-based Mars Investor Relations Inc. a full-service investor relations and consulting services company focused on the junior mining sector.
On Tuesday, January 5, 2021, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock traded on the OTCQB Marketplace, including the distribution of two promotional newsletter emails published by CrushTheStreet.com and Wealth Research Group discussing the emerging bull market for commodities, particularly silver, and citing the Company in both publications.
The Property scale survey has identified 3 large magnetic high features measuring 1,000 by 600 m, 800 by 600 m, and 600 by 600 m, respectively. Detailed processing of the data suggests that there are stronger magnetic features within the larger target areas which may represent areas of higher-grade mineralization.
Minaurum Gold Inc. is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V. along with Fortuna Silver Mines Inc. and Fortuna’s wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG’s Taviche silver project in Oaxaca, Mexico.
In conjunction with the Company’s 30 November news release, US Antimony Corp. announces that all assays have now been received for its Phase I 1100-meter reverse-circulation drill program at Los Juarez, Queretaro, Mexico. A total of 25 holes were drilled on concessions held by USAC.
Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle is absolutely thrilled to have Mr. Inwentash join its Advisory Board. Mr. Inwentash brings with him more than thirty years of capital markets expertise, a depth of knowledge, experience and success within the junior mining resource sector that is world class, as well as a financial network that spans globally and reaches some of the most notable and prominent experts and investors in the industry.
“For the year end, despite the negative impact of the pandemic on our operations in the first semester, Aura reached over 200,000 gold equivalent ounces during the year, a +15% increase compared with 2019. We look forward to an even better year ahead for 2021.”
Bradford Cooke, Endeavour CEO, commented, “Endeavour enjoyed its strongest operational performance in two years thanks to the measures we initiated in 2019 to return the Guanacevi and Bolañitos mines to profitability. I would like to commend our operations team for their hard work, commitment and resilience during the global pandemic to meet our safety and production goals last year.”
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