Gold

Mandalay Resources is a Canadian-based natural resource Corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The Company focuses on growing its production and reducing costs at its gold-antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.

Recent News

Company News

NOVAGOLD Announces Election of Directors and Voting Results from 2022 Virtual Annual General Meeting of Shareholders

A total of 277,994,591 or 83.43% of the Company’s issued and outstanding shares were represented at the Meeting All four proposals to shareholders were approved, including the election of all eleven director nominees; Kevin McArthur joins the Board During the 2022 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 86% of the Company’s issued and outstanding common shares entitled ...
  • A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting
  • All four proposals to shareholders were approved, including the election of all eleven director nominees; Kevin McArthur joins the Board
  • During the 2022 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 86% of the Company's issued and outstanding common shares entitled to vote

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 18, 2022 (the "Meeting"). All proposals were approved and all eleven director nominees were elected. A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting.

Kevin McArthur joins the Board of Directors of NOVAGOLD

News Provided by GlobeNewswire via QuoteMedia

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Prismo Metals Appoints Director of Business Development

Prismo Metals Inc. is pleased to announce that it has appointed Allan Frame as Director of Business Development.

Prismo Metals Inc. (CSE: PRIZ) ("Prismo" or the "Company") is pleased to announce that it has appointed Allan Frame as Director of Business Development. Mr. Frame recently retired from the investment business. During his successful forty-seven-year career, Mr. Frame focused primarily on working with mining companies, helping them raise over $100 million and having had the benefit of being associated with multiple major discoveries, including the Snip Deposit now owned by Skeena Resources Ltd.

"When we heard Al was retiring, we immediately contacted him to offer him the role of Director of Business Development of Prismo Metal," said Craig Gibson, President and CEO of the Company. "Al led the Company's initial public offering in 2020 when he was a stockbroker and is therefore very knowledgeable about team and projects. We expect his extensive relationships in the mining world to be beneficial to Prismo."

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Brunswick Exploration Announces Closing of Private Placements for Aggregate Proceeds of $3.34 Million

Brunswick Exploration Inc. is pleased to announce that it has closed its previously announced non-brokered private placements for aggregate gross proceeds of $3,342,695, consisting of the issuance of (i) 6,142,401 units of the Corporation at a price of $0.175 per Unit, for gross proceeds of $1,075,170 and (ii) 11,337,625 Canadian flow-through shares of the Corporation, at a price of $0.20 per FT Share, for gross proceeds of $2,267,525.

Brunswick Exploration Inc. ("Brunswick" or the "Corporation") (TSX-V: BRW) is pleased to announce that it has closed its previously announced non-brokered private placements for aggregate gross proceeds of $3,342,695, consisting of the issuance of (i) 6,142,401 units of the Corporation (each, a "Unit") at a price of $0.175 per Unit, for gross proceeds of $1,075,170 and (ii) 11,337,625 Canadian flow-through shares of the Corporation (the "FT Shares"), at a price of $0.20 per FT Share, for gross proceeds of $2,267,525 (collectively, the "Offerings").

Each Unit consists of one common share of the Corporation (each, a "Common Share") and one-half of one common share purchase warrant of the Corporation (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.23 for a 24-month period following the closing date of the Offerings.

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Expert: War has “Supercharged” Commodities Prices

“As we've seen in Ukraine, war has supercharged a number of these commodity prices,” John Forwood told RIU Resources Round-Up attendees.

Investment strategies for weathering and benefiting from current market trends were a hot topic at Sydney's recent RIU Resources Round-Up, held in early May.

Current opportunities and potential future ones were highlighted in the keynote address offered by John Forwood, chief investment officer at Lowell Resources Funds Management.

Quoting a February report from the head of commodity research at Goldman Sachs (NYSE:GS), Forwood explained to attendees that we have reached a “molecule crisis” in the commodity space and are essentially “out of everything.”

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