Articles for tag: 74m, advance, Calibre, Canada, Nicaragua, projects, raising

March 20, 2024

Ron Finklestien

mining

Calibre’s Ambitious Expansion: Eyes Set on Canada, US, and Nicaragua

Calibre’s Strategic Allocation of Funds Calibre’s recent move to secure $74 million in funding has set the stage for a significant advance in its projects spanning across Canada, the US, and Nicaragua. The earmarked funds will fuel the ongoing development of the Valentine gold project in Newfoundland, the El Limon and La Libertad gold mines in Nicaragua, and the Pan gold mine in Nevada. Additionally, provisions have been made for further exploration initiatives and to bolster general corporate operations and working capital reserves. Valentine Gold Project: A Marvel in the Making A standout among Calibre’s endeavors is the wholly-owned Valentine

February 29, 2024

Ron Finklestien

mining

Exploring the Depths: American Rare Earths Funds Halleck Creek Venture with $8.7 Million Infusion

Updated Mineral Resource Estimate American Rare Earths recently unveiled the latest mineral resource estimate for its Halleck Creek project in Wyoming. The figures showcase a substantial 64% increase in the in-situ tonnage, compared to the previous assessment conducted last autumn. Impressive Increase in TREO The updated resource estimate reveals a total of 2.34 billion tonnes of material, with a grading of 3,196 parts per million (ppm) total rare earth oxides (TREO), including neodymium (Nd) and praseodymium (Pr) oxides. This translates to 7.48 million tonnes of contained TREO, marking a significant upsurge. Among the estimated amount, 1.42 billion tonnes fall under

February 8, 2024

Ron Finklestien

mining

Capstone’s $265 Million Funding Boost for Chilean Copper Projects

Capstone Initiates Major Investment in Chilean Copper Operations Capstone, a Vancouver-based miner, has recently raised an impressive $265 million to advance its Chilean copper endeavors, symbolizing a significant and highly anticipated development in the mining sector. The funding will play a crucial role in propelling Capstone’s Mantoverde and Santo Domingo projects to new heights. Funds Allocation and Project Details The company plans to utilize the net proceeds from the offering to enhance its Chilean copper developments, particularly the Mantoverde optimized project and Santo Domingo detailed engineering, as well as for future exploration programs. The Mantoverde project boasts the potential to

February 5, 2024

Ron Finklestien

mining

Fission Secures $55m to Propel PLS Uranium Project in Athabasca Basin

The hot embers of Fission’s PLS uranium project glow with potential, stoking investor confidence with a $55 million infusion. A tangible step towards the radiant future of the Athabasca Basin. A feasibility study filed in March 2023 maps out a three-year, C$1.16 billion construction timeline for a mine forecasted to span 10 years. During this period, the mine is set to yield a staggering 90.9 million lb. of uranium oxide (U3O8). The PLS project boasts robust post-tax economics, including a sizzling internal rate of return at 27.2%, a net present value at an 8% discount of C$1.20 billion, and a