Wednesday, January 27, 2021

#Mining #Stock Aurcana (TSXV: $AUN.V) (OTC: $AUNFF) Announces Pending Closing of Previously Announced Non-Brokered Private Placement with Lead Order from Palisades Goldcorp; @AurcanaC

#Mining #Stock Aurcana (TSXV: $AUN.V) (OTC: $AUNFF) Announces Pending Closing of Previously Announced Non-Brokered Private Placement with Lead Order from Palisades Goldcorp; @AurcanaC

 

Oversubscribed Placement of up to C$34.5 Million

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 


VANCOUVER, British Columbia - January 27, 2021 (Investorideas.com Newswire) Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN) is pleased to announce the closing of the non-brokered private placement offering (the "Private Placement") announced on January 6, 2021, subject to receipt of approval from the TSX Venture Exchange. The Private Placement was significantly oversubscribed and Aurcana elected to increase the size of the Private Placement to up to 34,500,000 Units (C$34,500,000) at a price of C$1.00 per Unit (the "Units"). Palisades Goldcorp Ltd. participated with a lead order of C$5.0 million, marking Palisades Goldcorp's 4th participation as an Aurcana lead order since February 2020. Closing is expected to take place on January 27th or shortly thereafter.

 

Each Unit will consist of one common share of the Company and one full common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one common share at a price of C$1.25 for a period of 36 months from the date of issuance.

 

The net proceeds of the Private Placement will provide contingency funding for the restart of the Company's wholly owned Revenue Virginius (RV) Mine and will also support the examination of value creation opportunities on multiple fronts. Areas of focus will include the growth of the resource base at the RV Mine which may enable the Company to scale up future production volumes, as well as opportunities for strategic consolidation in the RV Mine district. Net proceeds will also be used for working capital and general and administrative expenses, including but not limited to potential opportunities to accelerate its wholly owned Shafter Project.

 

Finder's fees of 6% cash and 6% in finder's warrants will be issued as part of the Private Placement.

 

The Units will be issued on a private placement basis pursuant to applicable exemptions from prospectus requirements under applicable securities laws. The common shares and Warrants (and any common shares issued pursuant to the Warrants, as applicable) will be subject to a statutory hold period of four months and one day from the date of issuance of the Units.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.

 

ABOUT AURCANA SILVER CORPORATION

Aurcana Silver Corporation owns the Revenue Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at both the Shafter-Presidio Project and the Revenue Mine is silver. Both are fully permitted for production.

 

About Palisades Goldcorp

Palisades Goldcorp is Canada's resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes inundervalued companies and assets with the goal of generating superior returns.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION

"Kevin Drover"
President & CEO

 

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 - 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

 

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

 

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

 

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Aurcana Silver Corporation is a featured mining company on InvestorIdeas. Please read our full disclaimer and disclosure regarding specific compensation Additional info regarding BC Residents: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Aurcana Silver Corporation (TSXV: AUN) (OTC: AUNFF) is a featured Mining stock on Investorideas.com

 

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Tuesday, January 26, 2021

#RareEarth #Mining Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- LYNAS RARE EARTHS, DEFENSE METALS, ARAFURA RESOURCES - RARE EARTHS: STILL IN TIME TO GET IN BEFORE THE BOOM! @DefenseMetals #EVStocks #BatteryStocks

 

#RareEarth #Mining Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- LYNAS RARE EARTHS, DEFENSE METALS, ARAFURA RESOURCES - RARE EARTHS: STILL IN TIME TO GET IN BEFORE THE BOOM! @DefenseMetals #EVStocks #BatteryStocks

 

 


Vancouver, British Columbia, January 26, 2021 –
Investorideas.com Newswire –Media alert for Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).The company was featured in the following  article : “LYNAS RARE EARTHS, DEFENSE METALS, ARAFURA RESOURCES - RARE EARTHS: STILL IN TIME TO GET IN BEFORE THE BOOM!”

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01262DEFN-Rare-Earths.asp

 

Full article and Original source 
https://news.financial/comments/lynas-rare-earths-defense-metals-arafura-resources-rare-earths-still-in-time-to-get-in-before-the-boom

 

Excerpt:

China has dominated the rare earths market for a long time. A supply shortage in the People's Republic and a substantial increase in demand can lead to a massive price increase of the commodity group at any time. These price increases are then often reflected in the share price of relevant players. Rare earth metals are in demand in a wide range of industries and to close the emerging supply gap the production of rare earth metals must be increased outside of China. We present three opportunity stocks that will benefit from industry trends and scarcity prices as producers or prospective producers.

 

DEFENSE METALS CORP - TEST WORK PLANNED (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).

The Canadian exploration Company is focused on advancing the Wicheeda Rare Earth Project, which covers approximately 1,700 hectares in the state of British Columbia. The resource estimate includes 4.89 million tonnes of indicated light rare earth elements (LREO) at an average grade of 3.02% and an inferred resource of 12.1 million tonnes at an average LREO grade of 2.90%.

 

Recently, the Company announced that it would receive government funding in conjunction with the Saskatchewan Research Council to provide financial support for technological innovation. Specifically, the project is to conduct test work using an innovative X-ray method to improve the recovery of rare earth metals. The government will cover 70% of the costs.

 

Things are moving forward at Defense Metals. The Company is benefiting from rising rare earth prices and from further development of the project. With a current market capitalization of CAD 25 million, Defense Metals is still a bargain.

 

Full article and Original source 
https://news.financial/comments/lynas-rare-earths-defense-metals-arafura-resources-rare-earths-still-in-time-to-get-in-before-the-boom


Author


CARSTEN MAINITZ

 




CONFLICT OF INTEREST & RISK NOTE

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Forward Looking Information

This news release contains “forwardlooking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

 

Paid News -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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) more disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Friday, January 22, 2021

#ExploringMining #Podcast Episode 136 – #Mining #Stocks News from (NYSE: $EGO) (TSXV: $QMX.V) (NYSE: $IAG) (TSXV: $WGO.V) (TSXV: $BRG.V)



 

#ExploringMining #Podcast Episode 136 – #Mining #Stocks News from (NYSE: $EGO) (TSXV: $QMX.V) (NYSE: $IAG) (TSXV: $WGO.V) (TSXV: $BRG.V) 

 

Point Roberts WA, Delta BC, January 22, 2021 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/012221-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/01221EGO-QMX-IAG-WGO-BRG.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Eldorado Gold Corporation (NYSE:EGO) has entered into a definitive arrangement agreement with QMX Gold Corporation (TSXV:QMX), wherein Eldorado will acquire all of the outstanding shares of QMX (not already owned by Eldorado) for total consideration of approximately $132 million CAD. Eldorado President and CEO, George Burns, explained:

 

“This transaction expands our position in the Abitibi camp and is consistent with our strategy of pursuing growth at Lamaque in Quebec, a high-quality existing jurisdiction. QMX’s highly prospective land package is ideally located immediately adjacent to our current Lamaque operation and associated exploration projects in the heart of the Val d’Or gold district. Eldorado’s growing financial flexibility will enable us to continue to identify and secure opportunities for prudent growth within our operating footprint.”

 

IAMGOLD Corporation (NYSE:IAG) has reported assay results from its delineation diamond drilling program at the Gosselin Zone discovery near the Côté Gold Project in Ontario, Canada. Craig MacDougall, Executive Vice President, Growth for IAMGOLD, said:

 

"With the many challenges faced by the exploration team in 2020, the completion of this diamond drilling campaign was a significant achievement and has clearly brought into focus and confirmed the importance of this new discovery. The program was completed with outstanding safety performance while working cooperatively to coordinate with the numerous activities of the Côté mine site construction team. We are looking forward with anticipation to the completion of a maiden resource estimate later this year."

 

White Gold Corp. (TSXV:WGO) has announced results for surface sampling, mechanical trenching and rotary air blast (RAB) drilling programs on its JP Ross property, identifying gold mineralization at multiple targets, and RAB, reverse circulation (RC) and diamond drilling results on its Titan project on the Hen property in the Yukon, Canada. Highlights include a new mineralized zone grading 2.16 g/t Au over 21.0m including higher grade subzones of 5.69 g/t Au over 3.0m and 4.15 g/t Au over 5.0m at the Vertigo target.

 

Brigadier Gold Limited (TSXV:BRG) has reported diamond drill and surface sampling results from ongoing phase one exploration at its Picachos gold-silver project in Sinaloa, Mexico. Highlights include holes with: 9.49 g/t Au and 24 g/t Ag across 3 m, 6.24 g/t Au and 79 g/t Ag across 3 m, 7.03 g/t Au and 110 g/t Ag across 3.5 m, and 6.75 g/t Au and 44 g/t Ag across 2.5 m. Ranjeet Sundher, the company’s President and CEO, said:

 

"We are impressed with the speed in which [Geologist] Michelle [Robinson] and her team is de-risking the Picachos Project and increasingly demonstrating its regional scale potential. With just a small portion of the asset explored to date, I'm looking forward to keeping shareholders abreast as we aggressively move forward to further define the Colomeca Vein System while also commencing examination of the large copper-molybdenum porphyry target located on the northern part of the Property."

 

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