Element79 Gold Corp’s Post

Helix Exploration PLC (LSE:HEX) chairman David Minchin joins Proactive's Stephen Gunnion following the company's new listing on London's AIM market. Minchin told Proactive that Helix Exploration is engaged in helium exploration in Montana, focusing on the Ingomar Dome, spanning over 16,500 acres. The company boasts a P50 resource estimate of 2.3 billion cubic feet of helium, with potential upside exceeding 6 billion cubic feet. This venture is substantially de-risked by historical drilling evidence of gas across target reservoir horizons. Notably, several formations have shown promising gas presence, setting a solid foundation for drilling activities slated for the third quarter of this year as the company aims for first production by end-2025. Minchin said the Initial Public Offering (IPO) was notably oversubscribed, raising £7.5 million against a target of £3.5 to £5 million, leading to a market... Watch at #Proactive #ProactiveInvestors http://ow.ly/nSMW105oVCR

We've successfully secured firm commitments for a A$17 million placement, oversubscribed due to strong institutional support from both new and existing investors. In addition, we are launching a Share Purchase Plan to raise up to an additional A$3 million, offering eligible shareholders the chance to participate at the same price as the Placement. These funds will be used to accelerate exploration activities at our Boundiali Gold Project in Côte d’Ivoire as we target delineation of an inaugural JORC resource late in CY2024, including for diamond drilling, surveys and other test work, and building a centralised exploration camp at Boundiali. Directors and management will subscribe for a minimum of A$1.275 million of New Shares under the Placement, with Director participation subject to shareholder approval at a general meeting intended to be held in late July 2024. Managing Director Dr. Caigen Wang said: “We are delighted with the strong support for the Placement and welcome a number of new institutional investors to our register. On behalf of Aurum’s Board, I would also like to thank our existing investors for their ongoing support. Aurum has an exciting portfolio of gold assets located in a highly prospective greenstone belt with excellent access to roads, services, power and infrastructure. We look forward to putting investors’ funds to work in confirming the prospectivity of the land package.” Read the full ASX Announcement here: https://lnkd.in/gCGCkvDF #gold #ASX #ASXNews #MiningNews #AUE #Aurum #AurumResources #SPP #placement 

**APA Corporation's Strategic Shift: A $1 Billion Sale in the Permian Basin** Houston-based APA Corporation is reportedly exploring the sale of its Permian Basin assets, with the deal potentially valued around $1 billion. According to Reuters, the company is working with investment banks RBC Richardson Barr and Truist Securities to facilitate the transaction. APA’s assets span across the Permian Basin, including Texas and New Mexico, in areas like the Northwest Shelf and the Central Basin Platform. This strategic move aligns with APA’s focus on reducing its $6.7 billion debt while shifting its attention to shale operations. Earlier this year, APA sold $700 million worth of Texas assets, and this potential sale underscores the trend of consolidation in the U.S. shale industry, particularly in the Permian and Eagle Ford plays. With the shale industry experiencing a wave of mergers and asset sales, APA’s sale represents a broader trend where operators are positioning themselves to maximize efficiency while maintaining a diverse portfolio. As the U.S. energy landscape continues to evolve, APA Corporation’s actions will be closely watched by industry insiders and investors alike. #EnergyNews #ShaleIndustry #PermianBasin #OilAndGas #APA

Watch our interview with Bo Sears, CEO of Helix Exploration

Touchstone Exploration Inc. (AIM:TXP, TSX:TXP, OTC:PBEGF) has told investors it will retain its offer to buy Trinidad peer Trinity Exploration & Production PLC (AIM:TRIN), and, has confirmed its offer is final and won’t be increased. "We continue to believe that the Touchstone Offer represents an attractive opportunity to materially enhance value for both Trinity's and Touchstone's shareholders, and we have therefore decided not to allow the Touchstone Offer to lapse at this juncture,” chief executive Paul Baay said in a statement. “The Touchstone Board maintains strong strategic and financial discipline with all corporate activity and continues to believe that the Touchstone Offer represents very attractive value to Trinity Shareholders; therefore, notwithstanding the Lease Operators Offer, Touchstone does not intend to increase its previously communicated offer.” More at #Proactive #ProactiveInvestors http://ow.ly/S0jK105Gi9k

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive chairman Mike Spreadborough joins Jonathan Jackson in the Proactive studio to talk through the highlights of the company's December quarter and the promising initial results from the Egina project, a joint venture with De Grey Mining. The partnership has seen De Grey complete more than 10,500 metres of drilling at Becher, with a significant investment of up to A$25 million in exploration efforts to secure a 50% interest in the Egina JV. Spreadborough shared insights into the December quarter achievements across Novo's #gold and #BatteryMetals portfolio, highlighting strong exploration progress in Western Australia and Victoria, alongside strategic partnerships, including a Battery Metals JV with SQM (NYSE:SQM) and its Liatam JV. Watch at #Proactive #ProactiveInvestors #TSX #ASX #OTCQX #NVO #NSRPF #Gold #GoldMining #GoldStocks #CriticalMinerals https://lnkd.in/eyei-AZ3

🗞️ NEWS -- Sassy Gold Corp. (CSE: SASY) | (OTC: SSYRF) provides further information on its ongoing uranium property acquisitions in the Western United States, strategically positioning Sassy as the most dominant landholder with multiple past producing mines and deposits in Lisbon Valley, Utah, historically the state's most productive uranium district. ⚒️ 🗣️ Mr. Mark Scott, Sassy President and CEO, commented: "We are proceeding toward completion of the definitive agreement announced March 1. Utah is one of America's most friendly and dynamic jurisdictions for business and also features the country's only operating conventional uranium mill, Energy Fuels' White Mesa. Not only is the Independence Property permitted for small-scale production, but this deal gives us dominance in the critical Lisbon Valley District where there is exceptional exploration upside. We're assembling a team with the ability to unlock the value of these assets, highlighted by 14 past producing properties, and leverage the opportunity for Sassy shareholders." 🔗 https://lnkd.in/grg-DCkg #stocks #trading #invest #uranium #energy

Western Mines Group WMG's recent drilling results provide both compelling opportunities and notable risks for investors. This analysis outlines key factors influencing investor sentiment. Read More https://lnkd.in/eT9P44ap #InvestmentAnalysis, #WMG, #NickelMining, #MarketSentiment, #Opportunities, #Risks

We have released an updated presentation following the acquisition of the high-grade #rareearths spectrum project in the #NorthernTerritory. View and download it here: https://lnkd.in/g3wqVMzS #DES #ASXnews #ausbiz #miningnews

📢NEWS RELEASE: Tarku Resources has acquired the Dana Project, a nickel, copper, cobalt, and PGE project, located in Quebec to add significant longer-term value to the company at a minimal cost. Julien Davy, President and CEO of Tarku Resources, commented: “The undervalued nature of exploration companies, relative to metal prices, and the restricted environment for raising capital create many valuable opportunities to gain interests in excellent projects that would otherwise be secured. While we are continuing to focus on our two core projects, adding strategic projects like Dana to the company’s portfolio will add significant value in the longer term.” Learn the full details: https://loom.ly/eJw8LF8 #CriticalMinerals #Quebec #MiningStocks #Acquisition #DanaProject #Copper #CopperProjects #TSX #TSXV #TKU #OTC #OTCQB #FSX #FSE #7TK #TRKUF #TarkuResources