Tag: #HudBayMinerals

Alexandria Minerals sells Manitoba claims to HudBay

Alexandria Minerals sells Manitoba claims to HudBay

Alexandria Minerals (AZX.V) will be adding C$500,000 in cash to its treasury when it closes the sale of some properties in Manitoba to HudBay Minerals (HBM, HBM.TO). The HUDVAM and WIM properties were originally acquired in 2015 as part of the acquisition of TSX-V listed Murgor Resources, but they were […]

Strong demand for Fireweed Zinc’s warrant-free offering

Strong demand for Fireweed Zinc’s warrant-free offering

Fireweed Zinc (FWZ.V) is able to capitalize on a strong resource update on the Tom and Jason claims which are part of the Macmillan Pass as its previously announced C$10M private placement has now been upsized to raise C$12.5M (with an additional option for the agents to exercise a 15% […]

Callinex expects new assay results by the end of this month

Callinex expects new assay results by the end of this month

Callinex Mines (CNX.V) is still drilling on its Pine Bay project in Manitoba’s Flin Flon district and has drilled an additional 3,000 meters in six holes since the most recent exploration update was published in January. The assay results for these six holes are expected by the end of March […]

Callinex Mines continues to drill at Pine Bay

Callinex Mines continues to drill at Pine Bay

Callinex Mines (CNX.V) has received an additional batch of drill results from its ongoing drill program at Pine Bay, Manitoba. Hole 93W02 did intersect the Pine Bay horizon at a depth of 1264 to 1272 meters down-hole, intersecting three copper-rich stringer zones with a few higher grade results, albeit over […]

Callinex Mines raises C$2.4M from warrant exercises

Callinex Mines raises C$2.4M from warrant exercises

Callinex Mines (CNX.V) has increased its cash position to approximately C$10M after seeing an inflow of C$2.4M related to the accelerated expiration of its warrants. The company wanted to reduce its total before releasing more assay results and starting its 2017 drill program. In the near term, all eyes will […]

Callinex Mines will raise C$5M through the Sprott Group

Callinex Mines will raise C$5M through the Sprott Group

Callinex Mines (CNX.V) has announced it has signed a term sheet with Sprott Private Wealth to complete a non-brokered financing to raise C$5M. The offering will consist of 8 million units at 50 cents,and an additional 1.82 million (flow-through) units at C$0.55 for a total of C$5M. Each unit will […]