Nick S.’s Post

Via Alfred Olufemi: Since the government took over, there have been concerns over the future of the mines and the need for a strategic equity partner. For instance, the mine’s output declined in the first half of 2023 and its losses worsened to $196 million in the six months through June—much more than the $120 million loss it incurred in the period prior. But according to the details of the new agreement with IRH’s, the investment includes a $620 million private equity to provide working capital for the mine’s operations and a $400 million loan to settle existing debt obligations. https://lnkd.in/gsMWKZPT

EMPEROR ANNOUNCES PRIVATE PLACEMENT AND STRATEGIC INVESTOR ROB MCEWEN Vancouver, British Columbia, March 21, 2024 – Emperor Metals Inc. (“Emperor” or the “Company”) (CSE: AUOZ, OTCQB: EMAUF, FSE: 9NH) proposes to complete a non-brokered private placement financing of up to 17,064,000 million units (“Units”) at a price of $0.125 per Unit for gross proceeds of up to $2,133,000 (the “Offering”). Each Unit will consist of one (1) common share (a “Share”) and one-half (1/2) of a common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional Share of the Company at an exercise price of $0.25 for a period of two years from the date or dates of closing of the Offering (a “Closing Date”). The gross proceeds from the sale of the Units will be utilized to fund exploration and development of the Company’s Duquesne West Gold Project, and for general working capital. The Company may pay finder's fees to arm’s length finders (each a “Finder”) in connection with this placement, which are expected to be up to 6.0% of the gross proceeds raised by such Finder, in cash, and non-transferable share purchase warrants to acquire common shares of the Company of up to 6.0% of the number of Units sold to a purchaser or purchasers introduced by the Finder(s), and exercisable by the Finder(s) at $0.25 per share for a period of up to two years from a Closing Date. The Offering is subject to the approval of the Canadian Securities Exchange (“CSE”) and any finder’s fees payable will be issued in accordance with the policies of the CSE and applicable securities laws. Evanachan Limited (“EL”; 150 King St. West, Suite 2800, Toronto, ON, M5H 1J9, Tel. (647) 258-0395), a private company controlled by Robert McEwen, will acquire 8,000,000 Units under the Offering, representing 46.9% of the total Offering. Prior to the Offering, EL did not hold any securities of the Company. Following the closing of the Offering, EL will hold 8,000,000 Shares and 4,000,000 Warrants of the Company, which will represent 8.0% of the then total number of issued and outstanding Shares on a non-diluted basis, or 11.6% on a partially diluted basis (assuming exercise of its Warrants). The Units are being acquired by EL for long-term investment purposes John Florek, President and CEO, commented "We would like to welcome Rob McEwen as a shareholder in our Company. His significant investment in Emperor Metals is a ringing endorsement of our aligned vision for growth, value, and success in the heart of Quebec’s Abitibi mining district.” Emperor Metals - CSE: AUOZ, OTCQB: EMAUF, FSE: 9NH Emperor Metals Alex Horsley Director 778.323.3058 alexh@emperormetals.com www.emperormetals.com

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities Inc., as sole Agent (the "Agent"), has agreed to sell, on a "best efforts" private placement basis, a minimum of approximately 5,000,000 common share units in the capital of the Company (the "Units") at a price of $0.40 per Unit (the "Issue Price") for gross proceeds of $2.0 million (the "Offering"). Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.60 for a period of three (3) years following the closing of the Offering. In connection with the offering, the Company shall pay a cash commission and broker warrants exercisable at the Issue Price for a term of three (3) years. The net proceeds of the Offering will be used for property maintenance payments, trade payables and for general corporate purposes. The Offering is expected to close on or about December 29, 2023, or such other date as the Company and the Agent may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange. https://lnkd.in/g4eX3Psd #mining #discovery #invest #news #latest #resources #exploration #investing #goldmining #silver

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") announces that further to its news release dated December 20, 2023 announcing the offering of common share units in the capital of the Company (the "Units") at a price of $0.40 per Unit, the Offering will take place on both a brokered basis (the "Brokered Offering") through Cormark Securities Inc. (the "Agent") and a non-brokered basis, with or without the participation of eligible finders (the "Non-Brokered Offering") (collectively, the "Offering"). The closing of the Offering is scheduled to occur on January [9], 2024, or on such date as may be agreed upon by the Issuer and the Agent, provided that in no event shall the closing be later than the 45th day following the date that the latest offering release in respect of the Offering is disseminated. The Non-Brokered Offering may complete in one or more tranches. The Brokered Offering will be subject to the terms and conditions of an agency agreement to be entered into between the Company and the Agent, including a minimum amount of 5,000,000 Units issued for gross proceeds of a minimum of $2,000,000. With the inclusion of the Non-Brokered Offering, the Company may issue up to a total maximum of 12,500,000 Units under the Offering for maximum gross proceeds of up to $5,000,000. All terms with respect to the Units being issued in the Offering remain the same. https://lnkd.in/g2c5V_4f #mining #discovery #latest #news #resources #exploration #readmore #invest #gold #silver

Our new investigation uncovers a network of 450 Canadian companies that are using a complex "Prospect Generator Model" to mine not for gold, but for investors and tax benefits. Average investors hoping that one of these claims will become a profitable gold mine face one in 10,000 odds. Mine exploration in sensitive salmon watersheds leaves downstream communities shouldering the financial and environmental risks, while distant mine owners and major investors reap the rewards. This imbalance raises questions about the long-term financial sustainability of these ventures - especially since they share many attributes of a Ponzi scheme. Learn more about these Bad Prospects - and how Canada and the U.S. can address them - here: https://lnkd.in/erW9dtrw

PNG Gold Bullion Policy should align to Bank of PNG policy relevant to current existing state government mandatory gold market and business legislation and regulations.... For PNG Gold Bullion Corporation business and operations it should come under the full jurisdiction of existing Kumul Mineral Holdings Company managed by Kumul Consolidated Holdings Ltd Company and overseen by Ministry of State Own Enterprise office.... Or PNG Gold Bullion Corporation should be registered as a State Own Enterprise Company under the management of Kumul Consolidated Holdings Ltd Company..... The PNG Gold Bullion Corporation Project is a identified as a foreign direct investment project and................. should be financed under BOOT Foreign Direct Investment deal align to Public Private Partnership 2014 Act ..........where the shareholders and business partners should be the investor and developer together with the Landowner, local level government , national government and provincial government..... Hence , the Gold Bullion Corporation will operate for a given contracted period of time under BOOT Deal and ........once the BOOT (Build Own Operate Transfer) deal expires, ........the ownership of the project Gold Bullion Corporation comes under the full ownership of the people of PNG...... or negotiable where we acquire 51% of the shares of this foreign direct investment opportunity on our shores ..... why not let's revisit this project and review it's policies, business and operations with investment proposal status align to the required and expected necessary and relevant existing and current state government laws and policies to protect our gold market.....

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities Inc., as sole Agent (the "Agent"), has agreed to sell, on a "best efforts" private placement basis, a minimum of approximately 5,000,000 common share units in the capital of the Company (the "Units") at a price of $0.40 per Unit (the "Issue Price") for gross proceeds of $2.0 million (the "Offering"). Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.60 for a period of three (3) years following the closing of the Offering. In connection with the offering, the Company shall pay a cash commission and broker warrants exercisable at the Issue Price for a term of three (3) years. The net proceeds of the Offering will be used for property maintenance payments, trade payables and for general corporate purposes. The Offering is expected to close on or about December 29, 2023, or such other date as the Company and the Agent may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange. https://lnkd.in/gfeHeVmh #mining #discovery #invest #news #latest #resources #exploration #investing #goldmining #silver

Northern Superior Resources Inc. (TSX-V:SUP, OTCQX:NSUPF) said it has increased the size of the financing related to its Ontario spinout company, ONGold Resources Ltd. The surge in demand from prominent #gold investors has prompted the parties involved to boost the financing from approximately C$3 million to over C$5.25 million, according to a statement from Northern Superior. Upon the completion of the transaction, #NorthernSuperior will hold 35,686,686 shares of 1348515 BC Ltd, or BCCo, valued at around C$18.2 million. The transaction entails Northern Superior selling all its exploration properties located in Ontario, including the Ti-pa-haa-kaa-ning project and the October Gold property, to BCCo in exchange for common shares. More at #Proactive #ProactiveInvestors http://ow.ly/GEMK105obOr #TSXV #OTCQX #SUP #NSUPF

(CCA) has given Chinese state majority owned investor MMG the go-ahead to proceed with the $1.88 billion (P26 billion) purchase of Khoemacau Copper. MMG Chairman Jiqing Xu commented: “The acquisition of Khoemacau mine is an important step in achieving our vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for our shareholders. Khoemacau is a high-quality operating mine with a strong expansion case, located in one of the most prospective mining regions in Africa, the Kalahari Copper Belt, in Botswana, and capable of supporting global supply chains. This transaction aligns with our strategy to pursue value-accretive external opportunities, while continuing to drive significant organic growth opportunities across existing operations.” Mr Xu said that the acquisition will create long-term value for shareholders and underscores the Company’s confidence in copper as a commodity with a strong forward demand as the global energy transition accelerates. Other main players in the Kalahari Copper Belt will be watching with interest as MMG expand their interests in the Kalahari Copper Belt. #sfr #cbe #copper #africa #kalahari #botswana #exploration #mining https://lnkd.in/eDGxRjKD

Mining conferences are vital for information gathering for resource investors and for small companies to get out there and tell their story. The days of sitting on the drill rig in the outback somewhere.....well, they are long gone! It's a noisy and competitive market out there for the speculative investment dollar...or pound...or Euro...or Yen ...or Yuan! Lowell Resources Fund Management's John Forwood is in #London this week meeting investors and checking out not only the London Stock Exchange-listed investments inside the fund, but other investments also. London is still the centre of the resource investment universe. The Old Empire funded frontier investment in all corners of the globe. Those are difficult habits to break...the desire to allocate precious capital to high-risk opportunities in the four corners of the globeis addictive and - sometimes - rewarding. #Australia is blessed with one of the deepest and most active resource investment markets these days. (Yes, really!) Wealth created by recent battery metals and rare earth booms, combined with a helpfully soft A$ has been great for Lowell Resources Fund unitholders, but there is a downside. Having such a deep and efficient market means that Aussie investments are generally efficiently priced. IF you want to go looking for bargains and opportunities, LRFM feels we must spread our wings and go hunting further afield. And Boy have we found some opportunity in resource markets where it's difficult to find an investment pulse. Aussie resources are thriving in a relative sense, as $LRT's unit price attests, but traditional markets such as London's #AIM, or Canada's TSX Trust offer less efficient pricing....we call that opportunity! So John is on the hunt for the next Azure Minerals Limited and the next Mighty #Musgrave. The Lowell Resources Fund performance has also caught the attention of investors who want to learn more about our idea and deal flow. Check out John's report from the floor of the Future Minerals Forum in London and stay tuned for further reports from this three-day event in the heart of global resource investment. And if you are in London, say g'day to John and check out his presentation on investment panels. https://lnkd.in/dkXtQHNp