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Altus subsidiary awarded Egyptian exploration licences

By: Simone Liedtke     Updated 2 hours 14 minutes ago   The Egyptian Mineral Resource Authority (EMRA) has confirmed that Aim- and TSX-V-listed Altus Strategies’ wholly-owned subsidiary Akh Gold will be awarded a number of gold exploration licences in Egypt. 

Endeavour sells noncore Côte d’Ivoire mine

By: Mariaan Webb     22nd January 2021 Canadian miner Endeavour Mining will sell its 85% interest in the Agbaou mine, in Côte d’Ivoire, to private African operator Allied Gold, which owns the nearby Bonikro mine. When the transaction closes, the Bonikro-Agbaou operation will comprise multiple openpits, and two processing plants with a... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Deep-South ‘well-funded’ to continue development of Namibian copper project

By: Simone Liedtke     22nd January 2021 TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million. President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment. 

GoviEx raises C$8m in private placement

By: Marleny Arnoldi     22nd January 2021 TSX-V-listed GoviEx Uranium has completed a nonbrokered private placement of 32-million shares at a price of C$0.25 apiece for gross proceeds of C$8-million. Each share also comprises a transferable share purchase warrant, which entitles the holder to acquire an additional share at a price of... 

Bauba, Pelagic Resources amend terms to subscription agreement

By: Simone Liedtke     22nd January 2021 Diversified miner and exploration company Bauba Platinum and Pelagic Resources will amend the terms of their December 2020 subscription agreement. The subscription shares will now be issued at 31c a share, being a 4.13% discount to the 30-day volume-weighted average price at the close of business... 

Argonaut cleared to start work on C$480m Ontario gold project

By: Mariaan Webb     22nd January 2021 Toronto-listed Argonaut Gold has been cleared to start site preparation for the construction of its C$480-million Magino gold mine. The Toronto-listed company announced on Thursday that the province of Ontario had filed the closure plan for Magino, which would produce about 150 000 oz/y in the... 

Xtract raises £5m for exploration, project development

By: Simone Liedtke     21st January 2021 Brownfield mine developer Xtract Resources’ broker, Novum Securities, has conditionally raised £5-million, before expenses, following the placement of over 111-million ordinary shares. The placing shares represent 17.9% of the current issued ordinary share capital of Xtract. 

Tharisa extends option to acquire shareholding in Salene Chrome Zimbabwe

By: Tasneem Bulbulia     20th January 2021 Aim-listed Tharisa has extended the option to acquire a 90% shareholding in Salene Chrome Zimbabwe to March 31. Tharisa in May 2018 advised that it had acquired an option to acquire a 90% shareholding in Salene from Leto Settlement. 

Xtract progresses with Phase 1 drilling at Bushranger project

By: Marleny Arnoldi     18th January 2021 London-listed Xtract Resources has progressed well with the first of three holes in a Phase 1 drilling programme at the Racecourse deposit on the Bushranger copper/gold exploration project, in the Lachlan Fold Belt of Australia. The company says drilling has progressed to a depth of 975 m in... 

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