Articles for tag: Centerra, Gold, Kenorland, stake, stock, surges, takes

May 22, 2024

Ron Finklestien

mining

Kenorland stock surges as Centerra Gold takes 9.9% stake

Centerra made the investment through a private placement arranged by Kenorland, under which it plans to issue approximately 8.3 million flow-through common shares to national, Quebec- and Manitoba-based subscribers at different prices. Total proceeds to the company is estimated at C$9.86 million, based on an average issue price of C$1.186 per share. Kenorland said will use the funds to advance its group of exploration-stage projects across Canada, many of which are under partnerships. The company is already working with Centerra on the Hunter project in Quebec, in which the latter can earn an initial 51% interest by spending C$5 million

January 29, 2024

Ron Finklestien

mining

Lifezone Metals Strikes Gold with New Nickel Discovery at Kabanga

Breaking Ground Lifezone Metals is making significant strides with a new nickel discovery at its Kabanga site. Hole KL23-29 revealed an impressive 15.1-meter grading of 2.24% nickel, along with 0.24% copper and 0.18% cobalt, while KL23-27 returned 7.0 meters grading of 2.84% nickel, 0.30% copper, and 0.22% cobalt. These findings have sparked a surge in the company’s stock value, propelling it towards new prospects. Located 150-300 meters northeast of the existing mineral resources at the Tembo zone, the Safari Link area encompasses a 1.4-kilometer stretch northeast of the Tembo zone, including the Safari zone. Lifezone’s geologists are optimistic about the