Articles for tag: Casino, Copper, Gold, million, project, raising, Western, Yukon

April 20, 2024

Ron Finklestien

mining

Western Copper and Gold Secures $29 Million Investment for Casino Project in Yukon

Rich Mining Potential The Casino property in the Whitehorse mining district boasts a wealth of resources, with 1,136 quartz claims and 55 placer claims secured under the Yukon Quartz Mining Act. Back in mid-2019, Western Copper expanded its holdings by acquiring the Canadian Creek property to the west, enhancing their footprint in the region. Precious Metals Galore Western Copper’s Casino project is a treasure trove, with measured and indicated resources suitable for milling containing 2.3 million tonnes of 0.15% copper, 0.18 g/t gold, 0.016% molybdenum, and 1.4 g/t silver. This translates to a whopping 7.4 million lb. of copper and

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 27, 2024

Ron Finklestien

mining

Investors Rally Behind Coeur’s $25 Million Funding Initiative for Canadian Venture

The Silvertip Project Revival The Silvertip mine and mill in B.C. have been on care and maintenance since 2020. Credit: Coeur Mining Coeur Mining (NYSE: CDE) is embarking on an initiative to offer approximately 7.7 million flow-through shares, aiming to secure C$34 million ($25m). This capital injection will be channeled towards propelling exploration activities at its Silvertip silver-zinc-lead property, nestled in the heart of British Columbia, a mere 16 km south of the Yukon border. The strategic acquisition of the Silvertip mine and mill in 2017 was indeed a pivotal move by Coeur. However, operations at the site came 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