Proactive’s Post

Relevant Gold Corp (TSXV:RGC) (OTCQB:RGCCF). is pleased to announce that it has entered into a subscription agreement with Kinross Gold Corporation (“Kinross”) (NYSE:KGC, TSX:K) in connection with a $1,530,000 private placement financing (the “Placement”) of 5,100,000 units at a price of $0.30 per unit . The Placement represents a separate follow-on financing to the previously completed private placement (see news releases dated May 2, and June 26, 2024). The Placement is for 5,100,000 Units at a price of $0.30 per unit, with each Unit consisting of one common share of the Company and a one-half share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of 24 months from the date of issue. There are no finder’s fees associated with this Placement. “Kinross’s strategic investment represents a strong vote of confidence in our team’s Wyoming exploration vision and ability to execute in the field- we are thrilled to welcome them as a major shareholder and strategic partner,” said Relevant Gold’s CEO Robert Bergmann. “This investment marks a key milestone for Relevant, expanding our technical depth, strengthening our corporate structure and bolstering our treasury. We look forward to immediately leveraging this new relationship in our upcoming drilling program.” https://lnkd.in/gkm6Sgag #GoldMining #KinrossGold #PrivatePlacement #MiningInvestment #TSXV #OTCQB #WyomingExploration #StrategicPartnership #ResourceDevelopment #ExplorationFunding #GoldExploration #MiningNews #CorporateStructure #TreasuryBoost #DrillingProgram #InvestmentMilestone #MiningFinance #GoldShares #ResourceStocks #MineralExploration

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported to investors a solid operational performance for its third quarter. It highlighted that gold production remained steady, with 19,021 ounces produced in the quarter, in line with the year's targets. For the first nine months of 2023, it produced a total of 63,328 ounces, which was also "on target". The company reported revenue of US$36.6 million for the three-month period, a reduction from US$55.7 million in the same quarter last year. For the first nine months of 2023 revenue amounted to US$118.2 million, slightly lower than last year’s comparative of US$121.9 million. Net profit for the quarter was marked at US$2.3 million, compared to US$7.6 million, whilst net debt reduced significantly to US$19.4 million from US$40.7 million this time last year. Thor said it had US$8.3 million in cash at the end of the quarter. More at #Proactive #ProactiveInvestors #TSXV #AIM #OTC #THX #THXPF #Thorexplorations http://ow.ly/AMMC1053NAl

Bell Potter Securities maintains its BUY rating and price target of A$0.40/sh. Latin Resources Limited advanced the Salinas Lithium Project (Minas Gerais, Brazil) over the March 2024 quarter. Drilling from 16 rigs on site has identified a third major spodumene discovery (Planalto) and will support a Mineral Resource Estimate update in the current quarter. Various mine and infrastructure optimisation work, mine contractor discussions and consultant mobilisation will feed into a Definitive Feasibility Study due in the third quarter of 2024. Bell Potter views this update positively and expect value accretive news flow from #LRS though 2024 as Colina is further scoped and reaches FID. Colina has the potential to deliver new #lithium supply into what they expect to be structurally short markets. Uncommitted offtake and an open share register provide further strategic appeal. Read the full report here: https://loom.ly/-hAyKIU #LatinResources #Drilling #ASX

Will Jefferies be the solution? The short: - Jefferies is actively working to navigate changes to Olive Downs’ shareholder register. - The groups’ engagement signals confidence in the project's financial and strategic viability. - Jefferies is capable of implementing financial structures, such as the continuation fund model, tailored to the needs of the resources sector. - The investment bankers are pivotal in attracting North American funds to the Olive Downs register and influencing global investment flows towards Australian mining ventures. https://bit.ly/3VCWjUx #PembrokeResources #OliveDowns #CokingCoal #MiningInnovation #SustainableMining #EconomicImpact #QueenslandMining #EnergyTransition Jefferies Pembroke Resources Denham Capital Management

Will Jefferies be the solution? The short: - Jefferies is actively working to navigate changes to Olive Downs’ shareholder register. - The groups’ engagement signals confidence in the project's financial and strategic viability. - Jefferies is capable of implementing financial structures, such as the continuation fund model, tailored to the needs of the resources sector. - The investment bankers are pivotal in attracting North American funds to the Olive Downs register and influencing global investment flows towards Australian mining ventures. https://bit.ly/3VCWjUx #PembrokeResources #OliveDowns #CokingCoal #MiningInnovation #SustainableMining #EconomicImpact #QueenslandMining #EnergyTransition Jefferies Pembroke Resources Denham Capital Management

TRIMMING COSTS SO OUR ROOTS CAN FLOURISH | As part of its long-term investment and capital allocation strategy, Dundee Corporation (TSX: DC.A) has received regulatory approval on its intention to renew normal course issuer bids for its class A subordinate voting shares; cumulative 5-year rate reset first preference shares, series 2; and cumulative floating rate first preference shares, series 3. President and CEO, Jonathan Goodman, commented: "We remain committed to reducing our overall costs and G&A expenses, rationalizing our legacy investment portfolio, and monetizing non-core assets. We will continue to review options for capital allocation that deliver further value to our shareholders as we execute on our strategic plan of bringing the Company back to its roots as an active, long-term mining investor." Please read the press release below, or visit us at www.dundeecorporation.com, to learn more about Dundee's return to its mining roots. https://lnkd.in/ge5U53TY #mininginvestment; #normalcourseissuerbid; #shareholdervalue; #miningroots

Perenti is pleased to deliver record revenue and underlying financial performance for the first half of FY24. Throughout the period we have achieved several significant milestones including the delivery of record revenue of $1.6bn, record underlying EBITDA of $312.4m and record underlying EBIT(A) of $148.5m. Our statutory NPAT(A) $69.8m is also up from $44.0m in 1H23, attributed in part to a gain on the DDH1 acquisition. The completion of the DDH1 acquisition has not only been a strategic success but has delivered $5.2m of cash synergies, in line with expectations. Looking ahead, Perenti is on track to deliver the targeted DDH1 transaction cash synergies of $22m by FY25, as well as identify additional synergies. A strong second half will underpin free cash which is forecast to exceed $100m for FY24. Managing Director & CEO Mark Norwell commented on these results highlighting the exceptional work that has driven the record revenue and underlying financial performance for 1H24. "With the completion of the transformative acquisition of DDH1, Perenti is pleased to have welcomed the committed and highly capable DDH1 employees into the wider Group. Since 6 October 2023, integration activities are progressing extremely well, with strong cultural alignment, which has already established a sense of camaraderie within the newly created Drilling Services Division. "We are pleased with the consolidated operational and financial performance that was delivered during 1H24. One of the many benefits of our globally diversified business is that the overall performance of the Group is not leveraged to any one project, commodity, jurisdiction or business. We have nearly four decades of experience across a range of our service offerings and are confident that the fundamentals of our business are robust. With the acquisition of DDH1 complete and with cash generation an ongoing strategic priority. "The ongoing performance of our business is a credit to our 11,000 people across the organisation. The safety and wellbeing of our people remains our number one focus of our sustainability priorities as announced in 2023." For Perenti’s full half year financial results visit our Investor Centre https://bit.ly/3OPJwtH #miningindustry #mining #investorrelations #roi

With the price of gold on the rise and Lincoln Gold Mining Inc.’s strategic acquisition of the Bell Mountain Project moving forward, I am confident in Lincoln's path to success. Anyone interested in this exciting journey towards near-term gold production, please feel free to reach out. #gold #investors #investments #financing #privateplacement #goldmine #goldmining

For One Producer, it’s Diamond Life in the Permian Midland and Delaware As they say, when one door closes another door opens. But in the case of Midland, Texas-based Diamondback Energy this week, that old expression with one negative translates to a big positive all the way around. Reese Energy Consulting today is following the latest news from Diamondback, which has closed the door on its February $26 billion merger deal with Midland neighbor Endeavor Energy Resources, LP.   Among the biggest acquisitions we’ve seen as part of the consolidation frenzy now a year long, the Diamondback-Endeavor merger has to rank as one of the most memorable. As two of the Permian’s largest operators, each was considered prime buy targets early on for producers on the hunt for more acreage and drilling inventory. This to which both E&Ps rebuffed any rumor, any notion, any idea they were up for sale. Then came Diamondback’s Endeavor announcement last February, no doubt leaving a few broken hearts. With fed scrutiny officially in the rearview, the combination gives Diamondback a total 838,000 net acres across the Midland and Delaware and 816 MBOED. Now onto the open door, where Diamondback’s subsidiary Viper Energy Inc. continues to build its Permian mineral and royalty interests in both plays with three new acquisitions from Fort Worth and Midland, Texas-based Tumbleweed Royalty IV in a cash and stock deal valued at $1.1 billion. Assets include 3,237 acres in the Midland and 490 acres in the Delaware core, which currently produce 2.5 MBPD (4 MBOED). According to news sources, Viper expects Diamondback to develop 120-140 new well locations by the end of 2026. Hello, diamond life. What do you think? Learn more about REC and our Permian expertise and consulting services at https://lnkd.in/ewhkGFa. For more information about our new online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.

TNR Gold Corp. (TSX-V:TNR, OTC:TRRXF) executive chairman Kirill Klip discusses the company's strategic moves and upcoming projects with Proactive's Stephen Gunnion. Klip highlighted the purchase of over 6 million shares under its normal course issuer bid program, underscoring the management's belief that the current share price does not reflect the true value of the company's assets. He referenced a report from Fundamental Research Corp, which set a price target of 22 cents per share. Additionally, Klip noted significant progress in TNR Gold Corp (TSX-V:TNR, OTC:TRRXF)'s projects, including the Shotgun Gold Project in Alaska, which benefits from rising gold prices and promising drill results. The project's inferred gold reserves stand at over 700,000 ounces, with potential for resource expansion through further drilling. Watch at #Proactive #ProactiveInvestors #mining #TNRgoldcorp #gold http://ow.ly/PKJZ105pwrq