Month: January 2024

Perth, Jan. 22, 2024 (GLOBE NEWSWIRE) — PERSEUS MINING ANNOUNCES INTENTION TO MAKE TAKEOVER BID FOR ORECORP LIMITEDPerth, Western Australia/January 22, 2024/ Perseus Mining Limited (ASX/TSX: PRU) (Perseus or the Company) announces its intention to make an off-market takeover offer (Offer) for all of the issued shares in OreCorp Limited (ASX: ORR) (OreCorp) that it does not already own (OreCorp Shares) for cash consideration of A$0.55 per OreCorp Share.Full details of the Perseus Offer will be contained within a bidder’s statement that is expected to be lodged with ASIC, provided to OreCorp and released to the ASX prior to the end of January 2024.This Offer to OreCorp’s shareholders is valued at a 4.0% premium1 to the currently implied value of a takeover offer made by Silvercorp Metals Inc (Silvercorp) (Silvercorp Takeover),...

Browning West’s rapid accumulation of Gildan shares last month violated the US Hart-Scott-Rodino Act Browning West illegally acquired stake in order to take control of the Gildan Board and reinstall former Gildan CEO by requisitioning a special shareholders’ meeting Illegal share acquisitions demonstrate short-term, reckless, and poorly planned nature of Browning West’s campaign Gildan plans to take all appropriate actions to protect shareholders MONTREAL, Jan. 21, 2024 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that it has learned that Browning West, LP (“Browning West”) accumulated shares in violation of the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) as part of its misguided campaign to reinstall Glenn Chamandy as CEO of Gildan. The...

All amounts expressed in US dollars BULYANHULU, Tanzania, Jan. 21, 2024 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Barrick’s North Mara and Bulyanhulu gold mines have sustained their strong performance and achieved their production guidance for 2023. The mines are part of Twiga Minerals, a joint venture between Barrick and the Government of Tanzania. Speaking to media here today, president and chief executive Mark Bristow said the transformation of two derelict mines into a world-class complex which, on a combined basis, produce gold at a Tier One1 level, shows what could be achieved when mining companies and their host governments partner to deliver real value to their stakeholders. “The Twiga partnership has not only transformed Tanzania’s gold mining industry, it has also re-established the country,...

All amounts expressed in US dollars KAHAMA, Tanzania, Jan. 21, 2024 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The role of a sustainable mining company is not only to create value for stakeholders today but to ensure it leaves behind a positive legacy that will continue to serve local communities long after mining is complete. This is according to Barrick president and chief executive Mark Bristow who was speaking today at the official handover ceremony of the new airport terminal built at the closed Buzwagi gold mine’s Kahama airstrip to the Tanzania Airport Authority (TAA). The ceremony marks the conclusion of an eight-month partnership between Barrick and TAA at a total cost of $384,000 — shared 70% ($268,000) by Barrick and 30% ($116,000) by TAA — and will pave the way for a scheduled airline service...

SAULT STE. MARIE, Ontario, Jan. 20, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that in the early hours of Saturday, January 20, 2024 there was a collapse of a structure supporting utilities piping at our coke-making plant. There have been no injuries and the Algoma team is managing the occurrence with the safety of our employees and the community as our highest priority.   The incident resulted in a coke oven gas main failure generating abnormal coke oven gas flaring and air emissions.  Additionally, a quantity of effluent left our site early this morning and entered the adjacent waterway. The source of the discharge has been identified and containment efforts are underway. Algoma...

TORONTO, Jan. 19, 2024 (GLOBE NEWSWIRE) — (TSXV: NBM) (OTCQB: NBMFF) NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announces that the Company has granted incentive stock options (the “Options”) to certain directors, officers, employees, and consultants to acquire an aggregate of 5,760,000 common shares, in accordance with the Company’s 10% rolling stock option plan. Subject to the terms of the stock option agreement and vesting provisions, all Options were granted at an exercise price of $0.30 with an expiry date on January 19, 2029. About NEO Battery Materials Ltd.NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in...

Fig 1Enhanced Russell Tunnel and expanded facilities at the Wardner Mining YardFig 2Processing Plant and Tailings Filtration Plant to be in the Bunker Hill Yard.Fig 3Key Components of 2024 Exploration PlanFig 4Execution TimelineFig 5Resource conversion between UG levels 5-8Figure 6Target area of near mine exploration drilling plans for 2024Fig 7Geophysics identified exploration targets for follow-upJoin Executive Chairman Richard Williams, CEO Sam Ash, and Chief Geologist Mark Crouter for a live virtual event as they provide Bunker Hill Mining’s strategy for value creation through exploration. The event will be on Monday, January 22nd at 1 pm ET / 9 am PT and you can join by registering at this link. AME Roundup Conference – Vancouver Conference Centre (22-25 Jan 2024)Bunker...

GUADALAJARA, Mexico, Jan. 19, 2024 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced today its growth guidance for the full year 2024 compared to 2023.  Traffic (5%) – (3%)    Aeronautical revenues (4%) – (2%)    Non-aeronautical revenues 12% – 14%    Total revenues 0% – 2%    EBITDA (7%) – (5%)    EBITDA Margin 65% + – 1%    CAPEX Ps. 9.0 billion  • Passenger traffic estimates are based on the consolidation of the routes developed to date, the estimated load factors, and the aircrafts expected to be grounded due to the accelerated GTF engine preventive inspections. • The revenues are based on traffic performance, applicable passenger fees, inflation, contract terms, and current commercial agreements,...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 19, 2024 (GLOBE NEWSWIRE) — Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (the “Company”) is pleased to announce that it is offering a non-brokered private placement for aggregate gross proceeds of up to $200,000 (the “Offering“). The Offering will consist of up to 4,000,000 units at an issue price of $0.05 per unit, with each unit comprised of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share of the Company at an exercise price of $0.08 per share for a period of three years. The proceeds from the private placement will be used for exploration at the Alkali Flat Lithium Brine Project in New Mexico, marketing publicity,...