Proactive’s Post

Greatland Gold rises as Newmount makes progress on conditions for deal @GreatlandGold #AIM #OTC #GGP #GRLGF. Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares rose almost 5% after it said "significant progress" has been made on two of the conditions needed to complete its acquisition from Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM). Two weeks ago the AIM-listed company struck a US$475 million deal to acquire a 70% ownership interest in the Havieron gold-copper project, 100% ownership of the Telfer gold-copper mine, and other related interests in assets in the Paterson region, subject to certain conditions. Greatland said progress on the two conditions... http://ow.ly/hR4Z105JXaM

#ASXNews WIN Metals Completes Strongly Supported A$3.6 Million Conditional Placement WIN Metals is pleased to announce that it has received firm commitments to raise A$3.6 million (before costs) via a conditional share placement at an issue price of A$0.025 per share, together with 1 free attaching option for every 2 shares issued under the placement (Placement). The Company received strong support for the Placement from new and existing sophisticated and professional investors, with demand in excess of total funds sought under the Placement. • Firm commitments received for a A$3.6 million conditional placement to new and existing sophisticated and professional investors at A$0.025 per share. • Placement proceeds will primarily be used to fund acquisition costs and #exploration and evaluation work at the Butchers Creek #Gold Project. #WIN Managing Director and CEO, Mr Steve Norregaard, commented: “WIN’s strategic pivot is nearing a conclusion with our proposed gold acquisition widely supported by the market. We are delighted with the overwhelming support for the Placement and the addition of a number of new highly credentialled investors joining the register. “On behalf of the Board of Directors, I am pleased to welcome these new investors to the Company and thank our existing investors for their ongoing support. We look forward to putting these funds to work on our newly acquired Butchers Creek Gold Project.” See the full announcement: https://loom.ly/WEKcYF8 #WINMetals #MiningNews #ASX

Cyprium Metals Limited (ASX: CYM) (OTC:CYPMF) is reviewing options to maximise value for its portfolio of #copper projects in the Murchison Region of Western Australia to fully focus on the redevelopment of the Nifty Copper Mine. The Murchison assets comprise an 80% joint-venture interest in non-gold mineralisation at the Cue Copper-Gold Project and a 100% interest in the Meekatharra Project. This strategic review will explore various strategic options for the projects including the possibility of a de-merger and standalone listing, outright sale, forming joint ventures/strategic partnerships or continuing to hold and progress the asset in the current structure. More at #Proactive #ProactiveInvestors #ASX #CYM #MiningAustralia #GoldMining #GoldStocks http://ow.ly/eEj4105Nfk8

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has completed a US$325 million equity (£248 million) raise to acquire the Havieron and Telfer projects in Pilbara, Western Australia. Overnight, Greatland entered into a binding agreement with partner Newmont to acquire its 70% interest in Havieron and the Telfer gold-copper mine for US$475 million. AIM and ASX-listed Greatland said the cash raised would fully pay for the US$155 million cash element of the deal, repay a US$52 million joint venture loan to Newmont and US$7 million of stamp duty outstanding plus provide working capital to complete the deal. Wyloo Investments, Greatland’s major shareholder and the vehicle of mining millionaire Andrew Forrest, put up US$100 million of the equity money, Shares were issued at 4.8p each with the placing oversubscribed overall, Greatland said. A retail offer for up to US$9 million is also now underway at the same price while a... More at #Proactive #ProactiveInvestors http://ow.ly/T5nL105Ilfi

John Forwood's April monthly update for unitholders of the Lowell Resources Fund is hot off the press. The fund's estimated Net Asset Value ended the month at A$52.0 million vs $49.7m at end-March which is $1.6037 v $1.5324 per unit. Some great commentary and our best performer in the portfolio was South African focused PGM group, Southern Palladium Limited. Gold exposure has crept a little higher at 44% of the fund. We picked up some Kingfisher Metals Corp. (British Columbia porphyry explorer), added to Neil Marston's Flynn Gold (Tasmania-focused gold exploration) and put some seed into Ordell Minerals (WA gold explorer). Cash has fallen to 8.6% of the fund as we deploy some of the capital released through locking in the profit in Azure Minerals Limited.

Greatland Gold rises as Newmont makes progress on conditions for deal @GreatlandGold #AIM #OTC #GGP #GRLGF. Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares rose almost 5% after it said "significant progress" has been made on two of the conditions needed to complete its acquisition from Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM). Two weeks ago the AIM-listed company struck a US$475 million deal to acquire a 70% ownership interest in the Havieron gold-copper project, 100% ownership of the Telfer gold-copper mine, and other related interests in assets in the Paterson region, subject to certain conditions. Greatland said progress on the two conditions related... http://ow.ly/4bq7105JXuP

The Lowell Resources Fund monthly report is hot off the press and packed full of news on top of the 15.2c distribution which is coming to unitholders at the end of July. Firstly, we have some movements in the fund. LRF invested in the upcoming IPO of Ordell Minerals, a WA focused gold explorer led by the former MD of Genesis Minerals Limited Michael Fowler. The Fund had previously invested in Ordell’s seed equity round. We also added to relisted #silver-#gold explorer Mithril Resources Ltd (ASX:MTH), focused on the 530koz Aueq #Copalquin resource in #Mexico. #Copper exposure was increased through additional investments in LSE-listed Great Southern Copper, TSXV-listed Hannan Metals Ltd and Rugby Resources Ltd, and ASX-listed developer Anax Metals Limited. Copper-nickel explorers Asian Battery Metals PLC Minerals (a new ASX IPO) and Terra Metals were other base metal investments during the month. The Fund exited Taruga Minerals. Stock of the month (among our 81 investee companies) was Mark Saxon's T2 Metals Corporation (TSXV: TWO)(Market Cap C$12.7m TWO.TSXV) that rose 19% in June as it announced grant funding from the Manitoba Mineral Development Fund to support ongoing exploration of the company’s Sherridon coppergold-zinc project in west-central Manitoba. Drill intersections in 2024 have included 23.5 m at 6.8 g/t Au.

Puma Congratulates Canadian Copper on Acquiring Murray Brook Deposit 🗞️⛏️ Puma Exploration is pleased to report that Canadian Copper (CSE: CCI) has completed the acquisition of the Murray Brook Deposit and surrounding property as outlined in CCI’s news release dated February 1, 2024. The Murray Brook Deposit is the largest advanced-stage polymetallic asset in New Brunswick. The undeveloped 21 Mt (Measured + Indicated) volcanogenic massive sulphide deposit contains 2.73% Zn, 0.47% Cu, 1.0% Pb, 41 g/t Ag, 0.65 g/t Marcel Robillard, President and CEO of Puma and Director of CCI, stated, “Two years ago when we decided to spin off our base metal properties to continue to advance our Williams Brook Gold Project, we were confident that Canadian Copper with Simon Quick at the helm, would successfully bring value to the assets. With 100% ownership of the Murray Brook deposit, CCI has established itself as the most important base metals explorer with significant mineral resources in the Bathurst Camp. This transaction has secured CCI’s path to substantial growth. Our 11% equity stake in the company ensures that we benefit from its ongoing success. I want to congratulate Simon on this remarkable achievement, and I look forward to what lies ahead as he and his team fast-track the development of the Murray Brook Project.” #Gold #Mining #Exploration #NewBrunswick #Canada #Goldmining #Preciousmetals #BaseMetals #Miningstocks #Goldstocks #Juniorstocks #Stockstowatch #Hotstocks #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Goldinvestment #tsxv #stocks #Resource #Investing #VMS 🔹TSXV: PUMA | OTCQB: PUMXF🔹 See the full news release ➡️https://lnkd.in/g-CmssWX

🇨🇦 ⛏️ Delta Resources Limited (TSX-V: DLTA) Furthers Its Strategic Land Acquisition in the Eastern Shebandowan Greenstone Belt in Thunder Bay, Ontario Highlights 🔸19 additional claims on strike with the Eureka Gold Deposit 🔸Delta’s combined land package in the Eastern Shebandowan Greenstone Belt now covers 30,833 hectares or over 308 square kilometres 🔸No work commitments on the newly acquired claims as well as the combined entirety of the Delta land package Andre Tessier, President and CEO of Delta Resources states. "With each addition to its property package, Delta is getting closer to its goal of controlling this highly prospective gold endowed belt where we believe that multiple gold deposits are yet to be uncovered. Having already made a significant discovery at the Eureka Gold deposit which remains open on strike and to depth, the Delta technical team is as keen on expanding the mineralized envelope at Eureka while it now sets its sights on furthering the potential of multiple gold deposits within this commanding land package. 📈 TSX-V: DLTA - OTC: DTARF - FSE: 6G01 📈 #Gold #Mining #Exploration #ThunderBay #Canada #Goldmining #Preciousmetals #Miningstocks #Goldstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Gold #Goldinvestment #tsxv #stocks #Resource #investing For more information please visit ⬇️ https://lnkd.in/gGKgf83K

Sunstone Metals Limited (ASX:STM) has opened its #sharepurchaseplan today, with the company aiming to raise $2 million at the same terms as the $2.5 million placement held earlier this month. Eligible shareholders who participate in the SPP are entitled to apply for one free attaching option (exercisable at $0.075 (0.75 cents) expiring two years from the date of grant for every two shares subscribed for under the SPP.  The money raised will be used for the purposes of preparing a maiden mineral resource estimate (MRE) at the El Palmar copper-gold project in northern Ecuador; exploring at the high-grade Limon gold-silver discovery within the Bramaderos #gold #copper project in southern Ecuador; Limon maiden MRE scheduled for next year and advancing partnership opportunities at both #ElPalmar and #Bramaderos. More at #Proactive #ProactiveInvestors #ASX #ASXSmallCaps http://ow.ly/G0eg105IP5C