The Directors of eMetals Limited (ASX :EMT)(eMetals)(Company) are pleased submit the Quarterly Activities Report and Appendix SB for the quarter ending 31 March 2021.
HIGHLIGHTS
eMetals Director Mathew Walker commented: “eMetals has had a very busy March Quarter, with drilling completed at two projects and significant progress made in completing preparatory geochemical and geophysical programs ahead of further high impact drilling that is planned on several projects. Results obtained thus far validate the exploration models and require further testing.
EMT has also completed strategic acquisitions within the rare earths and specialty metals space, securing projects prospective for both hard rock and ionic clay REE’s. The Company continues to review projects to ensure exploration is delivering value for shareholders and maintains focus on the most prospective ground positions.”
Franco-Nevada Corporation announced today that it will report its first quarter 2024 results as follows:
First Quarter 2024 Results Release: |
May 1 st after market close
Conference Call and Webcast:
May 2 nd 10:00 am ET
Dial-in Numbers:
Toll-Free: 1-888-390-0546
International: 416-764-8688
Conference Call URL (This allows participants to join
the conference call by phone without operator assistance.
Participants will receive an automated call back after
entering their name and phone number):
https://bit.ly/3U0wrzh
Webcast:
Replay (available until May 9 th ):
Toll-Free: 1-888-390-0541
International: 416-764-8677
Passcode: 644762 #
View original content: https://www.prnewswire.com/news-releases/franco-nevada-to-release-first-quarter-2024-results-302119918.html
SOURCE Franco-Nevada Corporation
View original content: http://www.newswire.ca/en/releases/archive/April2024/17/c6761.html
News Provided by Canada Newswire via QuoteMedia
Nine men have been arrested and more than 19 charges laid after an incident last year.
The exploit, which has been described as Canada’s largest gold heist and the sixth largest in the world, was elaborately planned and included a 5 metric ton truck, as well as rudimentary smelting equipment.
According to the police, the shipment of 6,600 gold bars (400 kilograms) valued at C$20 million, plus C$2.1 million in foreign currency, was en route to an undisclosed refinery in Switzerland.
The cargo arrived for a layover on board an Air Canada (TSX:AC,OTCQX:ACDF) flight at Toronto’s Pearson International Airport on April 17, 2023, at 3:56 p.m. EDT. At approximately 7:00 p.m. EDT, one of the suspects arrived in a 5 metric ton truck at a secure cargo warehouse in possession of an Air Canada-printed airway bill.
"The airway bill was for a legitimate shipment of seafood that was picked up the day before,” said Detective Sergeant Mike Mavity. “This duplicate airway bill was printed off from a printer within Air Canada cargo.”
When Brink's (NYSE:BCO) arrived at the airport to pick up the shipment, it was found to be missing. The police were contacted in the wee hours of the morning on April 18, 2023, and an investigation dubbed Project 24K ensued.
In the year since, nine people have been charged, one a former employee of Air Canada.
Warrants have been issued for an additional three men, one of whom is also a former employee of Air Canada.
The inclusion of two former airport employees prompted police to call the heist “an inside job.”
Peel Police Chief Nishan Duraiappah also noted that one of the suspects who was employed by Air Canada at the time of the theft provided police with a tour of the facility in the early days of the investigation.
On hand during the media briefing was a special agent from the US Bureau of Alcohol, Tobacco and Firearms.
Eric DeGree, special agent in charge, recounted how the suspected getaway driver, Durante King-Mclean, was pulled over in the state of Pennsylvania in the autumn of 2023. King-Mclean fled the scene on foot and his rented vehicle was searched. The search uncovered 65 firearms that were believed to be headed to Canada.
The investigation recovered six pure gold bracelets with an estimated value of C$90,000.
An additional three warrants remain outstanding.
In late 2023, Brink's filed a lawsuit against Pearson International Airport and Air Canada regarding the theft. The lawsuit alleges negligence on the part of the airport and airline, claiming they failed to secure the cargo.
In its response, Air Canada claims Brink's did not obtain insurance for the cargo or disclose its true value.
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Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Funds raised will be used to sustain Sarama while it focuses on maximising value from its existing asset base in Burkina Faso, advancing potential opportunities outside Burkina Faso and to fund administration and general working capital costs
Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX-V:SWA) is pleased to report that on 17 April 2024, it completed the previously announced A$520,000 equity placement (the “Placement”) (refer to Sarama news releases dated 18 December 2023 and 22 December 2023).
The second and final Tranche of the Placement raised aggregate gross proceeds of A$50,000 with the Company issuing 2,500,000 Chess Depository Instruments (“CDIs”) at an issue price of A$0.02 per CDI to a director, Mr Andrew Dinning. The issuance of the CDIs to Mr Dinning was subject to shareholder approval, as required by the Australian Securities Exchange (“ASX”) Listing Rules, which was obtained at a special meeting held on 11 April 2024. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in 1 common share of the Company.
Tranche 1 of the Placement, completed on 22 December 2023, raised aggregate gross proceeds of A$470,000 with the Company issuing 6,000,000 common shares and 17,500,000 CDIs (the CDIs and together with the common shares, the "Securities") at an issue price of A$0.02 per Security.
Members of Sarama's Board and Management subscribed for an aggregate 6,250,000 CDls in the Placement.
Each of the directors and officers who participated in the Placement is a "related party" of the Company within the meaning of that term in Canadian Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Participation by them in the Placement is therefore a "related party transaction" within the meaning of MI 61-101. Pursuant to Section 5.5(a) and 5.7(1)(a) of MI 61-101, the Company was exempt from obtaining a formal valuation and minority approval of the Company's shareholders in respect of the Placement due to the fair market value of their participation being below 25% of the Company's market capitalization for the purposes of MI 61-101. The Company filed material change reports in respect of the Placement which detail the participation by directors and officers of the Company. The material change reports were filed less than 21 days prior to the completion of each tranche of the Placement, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Placement in an expeditious manner. Each of the directors and officers who participated in the Placement are subject to an Exchange Hold period imposed by the TSX Venture Exchange on the CDIs issued to such persons. The Exchange Hold Period expires 4 months from the date of issue of the securities.
The common shares issued under the Placement are all subject to a four-month hold period from the date of issue in accordance with applicable securities laws.
Click here for the full ASX Release
This article includes content from Sarama Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
$0.5 million partial underwrite of the Rights Issue from Breakaway Investment Group
Key Points:
Completion of Rights Issue
The Company will today issue 2,287,828 New Shares pursuant to the Rights Issue entitlements accepted and the Top Up Facility. Additionally, the Company will issue 1,143,916 Options to those participants. These acceptances comprise $95,712 raised from entitlements accepted and a further $18,679 raised from the Top Up Facility. At this stage, the Company does not have sufficient ‘spread’ required to apply for quotation of the Options on ASX as originally envisaged. The Company will review whether there is sufficient spread following the completion of the Shortfall Offer and the issue of Options attaching to the placement in November 2023 which continues to be subject to shareholder approval yet to be sought as at today.
As announced on 27 March 2024, Breakaway Investment Group Pty Ltd (Breakaway Investment), an entity controlled by R3D’s Managing Director, Dr Stephen Bartrop, has committed to underwrite the Rights Issue to a minimum raise of $500,000 (the Underwriting). The Company has provided a notice to Breakaway Investment to subscribe for $385,608 in New Shares by 26 April 2024 in order to achieve the total raise of $500,000. A further issue of securities will be conducted upon receipt of those funds from Breakaway Investment (and or its sub- underwriters).
Further issues of securities beyond the Underwriting may be made up to the $1,023,716 shortfall that will remain under the Rights Issue following the Underwriting. The Company will issue the relevant ASX Appendices 2A and 3G this morning.
Click here for the full ASX Release
This article includes content from R3D Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce a maiden Mineral Resource Estimate (MRE) at Aspacia, located approximately 1km west of Menzies town (MGP). This MRE was undertaken on over 110 RC and diamond holes including recent programs completed by Brightstar.
HIGHLIGHTS
Encouragingly, the Selkirk-First Hit-Lady Shenton trend seems to be distinct to that of the Aspacia deposit, which may lead to similar repetitions north and south of Aspacia and warrants further follow up exploration which we’ll target in our upcoming drilling programs set to re-commence this quarter.
The results from the previous drilling and the MRE output utilising a typical underground mining economic cut-off grade indicates to Brightstar that strong potential exists to assess a modest-scale underground operation at Aspacia given the grades and widths observed.
With the technical PFS work streams underway, RC and diamond drilling will shortly recommence at Brightstar’s projects and conduct large programs targeting conversion and upgrades to our current MREs proposed to be mined within our BTR 2023 Scoping Study, along with Linden Gold projects at Second Fortune and Jasper Hills”.
Click here for the full ASX Release
This article includes content from Brightstar Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise of further assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within its Golden Range Project, located in the Murchison region of Western Australia.
HIGHLIGHTS:
Warriedar Managing Director and CEO, Amanda Buckingham, said:
“This is another very pleasing set of results from our recent drilling at Ricciardo. Combined with the initial results released in March, they readily demonstrate why we have made the Golden Corridor the primary focus of our 2024 exploration activities. At Golden Range we have scale, plus grade, and immediate and substantial resource growth potential. We look forward to receiving the remaining assays, as well as recommencing drilling this quarter.”
Click here for the full ASX Release
This article includes content from Warriedar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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