Friday, January 03, 2020

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces SSR Mining Exercises Shareholder Participation Right with $13.25 Million Private Placement


#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces SSR Mining Exercises Shareholder Participation Right with $13.25 Million Private Placement



Vancouver, British Columbia - January 3, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TONYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that SSR Mining Inc. ("SSR Mining") has elected to exercise its Shareholder Participation Right pursuant to an agreement between the Company and SSR Mining dated November 28, 2018 (see news release dated November 29, 2018).

Accordingly, SSR Mining has agreed to purchase 1,819,074 shares of SilverCrest for aggregate proceeds of C$13,242,859 at the same price of C$7.28 as the bought deal public offering announced by SilverCrest on December 3, 2019.

The net proceeds of the private placement will be used for continued exploration and development of the Company's Las Chispas Project and for general working capital and administrative purposes.

The private placement is scheduled to close on or about January 10, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange.



ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership of where all the known mineral resources are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States absent registration under the U.S. Securities Act and any other applicable securities laws of the United States or an applicable exemption from such registration requirements.

FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of Canadian and United States securities legislation. Such forward-looking statements concern the intended use of proceeds and the scheduled closing of the private placement. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:
SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: 
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

No securities regulatory authority has either approved or disapproved of the contents of this news release.

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com



Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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Thursday, January 02, 2020

#ExploringMining #Podcast – #Mining News from (NYSE: $AKG) (TSXV: $AMK.V) (CSE: $API.C)


#ExploringMining #Podcast – #Mining News from (NYSE: $AKG) (TSXV: $AMK.V) (CSE: $API.C)



Point Roberts WA, Delta BC, January 2, 2020 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
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Asanko Gold Inc. (NYSE American:AKG) has announced the resignation of William Smart from its Board of Directors. Smart will be replaced by the recently-appointed Judith Mosely. Furthermore, the Board’s Chair, Colin Steyn, will not be seeking re-election at the next Annual General Meeting which is expected to be held on or about April 30, 2020.

Tudor Gold, a JV partner of American Creek Resources Ltd. (TSXV:AMK), has received an additional investment of $2.9 million from Canadian businessman Eric Sprott. The investment is specifically intended Tudor Gold’s upcoming 2020 drill program on Treaty Creek, which is located in the "Golden Triangle" of Northwestern British Columbia. Darren Blaney, CEO of American Creek, commented:

"Mr. Sprott has now made multiple significant investments in Tudor Gold in 2019 for the development of the Treaty Creek property. On December 13, 2019 Mr. Sprott stated: "Treaty Creek has a great shot at having 20 million ounces, the holes are so deep, they have a thousand-meter holes that are running close to a gram a ton and it's wide open, so I'm very excited about the opportunity there". He continues to put his money where his mouth is and has given another huge endorsement to the Treaty Creek project with this latest significant injection of cash. He also made two prior $1,000,000 investments in American Creek earlier in 2019."

Appia Energy Corp. (CSE:API) announced the closing of the final tranche of its non-brokered private placement on December 31, 2019 with the issuance of 2,991,500 flow-through units for gross proceeds of $478,640. Appia has raised total gross proceeds of $1,299,165. According to the press release, “Proceeds from the Offering are expected to be used for drilling and exploration on the Company's Alces Lake property, as well as other properties in the Athabasca Basin area in Saskatchewan”.
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Tuesday, December 31, 2019

#ExploringMining #Podcast – #Mining News from (NYSE: $RIO) (NYSE American: $GPL) (TSXV: $ZON.V)


#ExploringMining #Podcast – #Mining News from (NYSE: $RIO) (NYSE American: $GPL) (TSXV: $ZON.V)



Point Roberts WA, Delta BC, December 31, 2019 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
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Rio Tinto Group (NYSE:RIO) will be resuming operations at Richards Bay Minerals (RBM) in South Africa following discussion regarding community and environmental stability. Operations are expected to resume in early January with consequent production to follow in early 2020. Bold Baatar, chief executive, Energy & Minerals, commented:

"The safety and security of our people is always our first priority and we are pleased that we will now be able to get back to work creating value for our people, our communities, South Africa and RBM’s shareholders.
I would like to thank the Government of South Africa and the Premier of KwaZulu-Natal for their support and assistance in getting us to a position where we can restart operations at RBM. I would also acknowledge the work of community leaders and the police over the previous few weeks."

Minera Mexicana el Rosario, S.A. (MMR), a wholly-owned subsidiary of Great Panther Mining Limited (NYSE American:GPL), has entered into a $10 million USD concentrate prepayment agreement with the Geneva, Switzerland-based IXM Group (IXM), described in the press release as “one of the world's largest physical metal traders”. Jeffrey Mason, the compay’s Interim President and CEO, said:

"We are pleased to be partnering with IXM in Mexico for our GMC concentrates over the next two years. Securing the sale of this off-take at competitive market terms, while strengthening our balance sheet with US$10 million at an attractive cost of capital, positions us well to achieve our strategic objectives as we move into 2020."

Zonte Metals Inc. (TSXV:ZON) has increased the size of its previously-announced non-brokered private placement from $1.25 million to $1.4 million consisting of 4,183,167 flow through shares at a price of $0.30 and 723,044 Units at a price of $0.23 for total proceeds of $1,421,250, subject to TSX Venture Exchange approval. According to the press release, “the Company intends to use the net proceeds of the Offering for exploration at Cross Hills Iron Oxide Copper Gold Property, in Newfoundland and Labrador and general corporate purposes”.

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Thursday, December 26, 2019

#ExploringMining #Podcast – #Mining News from (NYSE: $NEM) (NYSE: $MT) (NYSE: $IAG) (NYSE: $AU) (TSXV: $ZON.V)



#ExploringMining #Podcast – #Mining News from (NYSE: $NEM) (NYSE: $MT) (NYSE: $IAG) (NYSE: $AU) (TSXV: $ZON.V)



Point Roberts WA, Delta BC, December 26, 2019 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
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Goldcorp, the wholly-owned subsidiary of Newmont Goldcorp Corporation (NYSE:NEM), has “disposed of 3,478,261 common shares and 3,478,261 common share purchase warrants of Origin Gold Corporation for aggregate consideration of $177,391.31” on the TSX Venture Exchange. The press release reads:

Prior to the Disposition, Goldcorp beneficially owned or exercised control or direction over 3,478,261 Common Shares and 3,478,261 Warrants, representing approximately 6.7% of issued and outstanding Commons Shares or approximately 12.6% of issued and outstanding Common Shares (assuming exercise of the Warrants held by Goldcorp). Following the completion of the Disposition, Goldcorp will own, and Newmont Goldcorp will beneficially own, no Common Shares and no Warrants.

ArcelorMittal (NYSE:MT) has “signed a share purchase agreement with DryLog Ltd for the sale of a 50 percent stake in Global Chartering Limited (GCL), its wholly owned shipping business, and will subsequently form a 50:50 shipping joint venture with DryLog”. According to the press release:

The joint venture will benefit from the combination of the two businesses respective knowledge and expertise, and ArcelorMittal’s extensive annual cargo commitments, a portion of which will be handled exclusively by the JV. It will also benefit from DryLog’s ability to optimise transport solutions and its technical and commercial vessel management expertise. These factors will enable the joint venture to grow its operations and become a significant player in the international shipping industry.

IAMGOLD Corporation (NYSE:IAG), along with its joint venture partner, AngloGold Ashanti Limited (NYSE:AU), has entered into an agreement to sell its collective interests in Société d'Exploitation des Mines d'Or de Sadiola S.A. (SEMOS) to Allied Gold Corp. According to the press release, “AGA and IAMGOLD each hold a 41% interest in SEMOS with the remaining 18% interest held by the Government of Mali”. Gord Stothart, President and COO of IAMGOLD, commented:

"This transaction reflects our continuing efforts toward self-funding and focussed capital allocation. The Sadiola mine was the founding asset of IAMGOLD, and we are pleased to have reached this agreement with Allied Gold to secure its long-term future."

Zonte Metals Inc. (TSXV:ZON) has completed a $1.25 million financing consisting of 4,166,667 flow through shares at a price of $0.30 for total proceeds of $1,250,000, which is subject to TSX Venture Exchange approval. According to the press release, “the Company intends to use the net proceeds of the Offering for exploration at the Cross Hills Iron Oxide Copper Gold Property, in Newfoundland and Labrador . The current drill program will extend through the winter and additional exploration over yet unexplored areas will be completed”.

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Thursday, December 19, 2019

#ExploringMining #Podcast – #Mining News from (NYSE: $AA) (NYSE: $SILV) (TSXV: $WGO.V) (NYSE: $AEM) (NYSE: $KGC) (CSE: $AJN.C)


#ExploringMining #Podcast – #Mining News from (NYSE: $AA) (NYSE: $SILV) (TSXV: $WGO.V) (NYSE: $AEM) (NYSE: $KGC) (CSE: $AJN.C)



Point Roberts WA, Delta BC, December 19, 2019 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.
 
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Alcoa Corporation (NYSE:AA) is permanently closing its Point Comfort alumina refinery in Texas. This follows an announcement from October of 2019, in which the company revealed it was “conducting a review of its global production capacities to drive lower costs and sustainable profitability”. Alcoa President and CEO Roy Harvey explained:

"We operate one of the world’s largest alumina refining systems, and we are committed to maintaining our strong, first-quartile position. While this decision is difficult because of the long history of operations in Point Comfort, we must eliminate unprofitable capacity and continue to improve our Company for the long term."

SilverCrest Metals Inc. (NYSE American:SILV) (TSX: SIL.TO)  announced “the completion of its prospectus offering announced on December 3, 2019 whereby the Company issued a total of 12,650,000 common shares at a price of C$7.28 per common share for gross proceeds of C$92,092,000, including exercise of the over-allotment option in full”.

White Gold Corp. (TSXV:WGO) has revealed diamond drill results on the Vertigo target, located 25km north west of the Company’s flagship Golden Saddle & Arc deposit, in the White Gold District, Yukon, Canada. The drilling is part of the company’s $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited (NYSE:AEM) and Kinross Gold Corporation (NYSE:KGC). White Gold CEO David D’Onofrio commented:

"We are very pleased with the abundance of gold mineralization encountered at the Vertigo to date, highlighted by the presence of multiple high-grade structures which continue to remain open in all directions. These results validate the Vertigo target to be a structurally controlled mineralized zone forming part of a regional-scale system, including the recently discovered Sabotage, Topaz, North Frenzy and multiple other gold targets across our JP Ross property. To date at least 10 gold targets have been identified over a 250km2 area on the JP Ross property, with Vertigo being the first to have received follow up diamond drilling.”

AJN Resources Inc. (CSE:AJN) has completed drilling at the Salt Wells lithium project near Fallon, Nevada. Due to disappointing results, however, the company has decided to drop the project while it pursues other opportunities. AJN also announced the appointment of Mark Gasson as its new Chief Financial Officer. According to the press release, “Mr Gasson is a geologist with 33 years of experience and has been active in South Africa, Tanzania and the DRC since 1986 in gold and base metals exploration and resource development”.

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.  Disclosure:  Silvercrest is a paid annual news client on Investorideas.com
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