Mining Exploration
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Fortuna Boosts Diamba Sud Gold Resource by 73% to 1.25M Ounces
Fortuna Silver Mines has significantly expanded its indicated gold resource at the Diamba Sud Project in Senegal by 73% to 1.25 million ounces. This growth, driven by extensive drilling, highlights West Africa’s potential and Fortuna’s effective exploration strategy. The enhanced resource base improves project economics and valuation, paving the way for potential feasibility studies and further development.
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Elektros Inc. (OTC:ELEK): A Ground-Floor Opportunity in Hard-Rock Lithium at a Deep Value Valuation
Elektros Inc. (OTC:ELEK) is positioned as a ground-floor opportunity in the hard-rock lithium sector, driven by increasing demand for electrification. The company aims to capitalize on the shift from brine to hard-rock lithium extraction, which offers distinct geological advantages. Investors are drawn to its potentially undervalued status, offering a chance for significant upside if exploration and development prove successful. Thorough due diligence on geological assets, technical expertise, ESG factors, market dynamics, and financial health is recommended.
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Questcorp Mining Completes First Tranche of Private Placement
Questcorp Mining Inc. (QQQ:CSE) closed the initial tranche of a non-brokered private placement, raising $2,100,050. The company issued 14,000,334 units at $0.15, each including a share and a half warrant exercisable at $0.20. Funds will advance exploration at La Union (Mexico) and North Island (Canada). A $2M portion is subject to a sharing agreement with Sorbie Bornholm LP. Questcorp anticipates a final tranche, aiming for total proceeds of $3.5M. Units from the first tranche are free trading.
