Heritage Mining Announces Mobilization at Contact Bay

(TheNewswire)

VANCOUVER, BC TheNewswire - August 14, 2023 Heritage Mining Ltd. (CSE:HML ) ( FRA:Y66) (" Heritage " or the " Company ") is pleased to announce the mobilization of its exploration program for Contact Bay Property ("Contact Bay") as of August 12, 2023, a wholly owned exploration project located 12 kilometres south-southwest of the town of Dryden in Ontario.

The Company has commenced a systematic exploration program along with geophysical and geological interpretation via its previously announced partnership with Mira Geosciences leveraging the Airbourne EM and Mag survey previously completed by Heritage and wealth of historical information.

"Heritage has a wholly owned property which includes the past producing Old Rognon/Wachman Mine in the northeastern portion of the property and anomalous Copper, Nickle and PGE from historical drilling and surface sampling on the southeast portion. We look forward to developing targets to a drill ready status in short order on this highly prospective wholly owned land package in a systematic manner." Commented Peter Schloo, President, CEO and Director of Heritage Mining Ltd.

Contact Bay – Past Producer and Exploration Activities (Figure 1)

The Old Rognon/Wachman Mine produced 22.2 oz of gold and 0.5 oz of silver from 49 tons milled while in operation between 1916 and 1918 . Development is reported to be a shaft 106 ft deep with 307 ft of lateral development on two levels, including a raise to surface from the first (50 ft) level. Stripping and pitting was extensive over the vein length of 1500 feet. Past data from the area includes historical grabs up to 6.5% Cu and 3.5% Ni . Platinum and palladium up to 280 ppb o n the south-east portion of Contact Bay . The Company has also flown airborne EM and MAG surveys over the entire Contact Bay project and will be incorporating this into its target generation.

Additional exploration work on the property includes drilling and surface exploration with focus on Copper, Nickel and PGE.

Click Image To View Full Size

Figure 1: Contact Bay – Project Overview

Qualified Person

Robert Scott, Exploration Manager for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

ABOUT Heritage Mining LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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HML:CC

Heritage Mining Announces Grant of Options

(TheNewswire)

VANCOUVER, BC, April 12, 2024 TheNewswire Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce that the board has approved the grant of incentive stock options pursuant to its stock option plan (the " Plan ") to certain directors, officers, and consultants to purchase up to an aggregate of 1,385,000 common shares in the capital of the company (the " Options "). The Options are exercisable at a price of $0.05 per common share and will expire three years from the date of grant. The Options are subject to the terms of the Plan, the applicable Option agreements and the requirements of the Canadian Securities Exchange.

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Canadian Critical Minerals Closes Financing

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a financing, consisting of 2,008,648 units ("Units") priced at $0.05 per Unit for proceeds of $100,432 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.08 per share for a period of 24 months from the Offering.

All securities issued are subject to a statutory hold period that expires four months and one day from issuance.

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PROPOSED NOMINATIONS TO STRENGTHEN WESTERN COPPER AND GOLD's BOARD

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that Raymond Threlkeld Robert Chausse and Sandeep Singh will stand for election as directors at the Company's upcoming annual general and special meeting.

"We are extremely pleased that Mr. Threlkeld, Mr. Chausse and Mr. Singh have agreed to join our board," said Bill Williams , Interim Chairman of Western. "The expansion of the Western board reflects the growth and strategic initiatives of the Company as the Casino project moves into the next phase of its lifecycle. Their collective wealth of experience and technical, operational and financial acumen will be a strong complement to our Company."

Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in mineral exploration, mine operations and construction and executive management. Currently, he is a director of Calibre Mining Corp. and New Found Gold Corp. Most recently he was Chairman of Newmarket Gold and became a director of Kirkland Lake Gold upon the sale of Newmarket . In addition, Mr. Threlkeld was previously President and CEO of Rainy River Resources. From 1996 to 2004, Mr. Threlkeld held a variety of senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development. Among his accomplishments were the Pierina Mine in Peru , Bulyanhulu Mine in Tanzania , Veladero Mine in Argentina , Lagunas Norte Mine in Peru and the Cowel Mine in Australia . Mr. Threlkeld holds a B.Sc. degree in Geology from the University of Nevada .

Mr. Chausse is a proven leader with more than 25 years of international finance experience in mining who most recently served as CFO of New Gold Inc until his retirement. Currently, he is a director of Revival Gold Inc. Previously, Mr. Chausse served as CFO of Richmont Mines Inc., CFO at Stornoway Diamonds and EVP & CFO of AuRico Gold . His experience also includes VP of Finance, Operations and Projects for Kinross Gold and he held increasingly senior positions with Barrick Gold . Mr. Chausse is a Chartered Accountant and holds a Bachelor of Commerce degree from Toronto Metropolitan University.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/15/c7402.html

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Awalé Resources Announces Newmont Advances to Phase 2 of Earn-In on the Odienné Project JV

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company"), is pleased to announce Newmont has progressed to Phase 2 of the Earn-In agreement over the Odienné Joint Venture Project. This is a significant milestone that underscores the ongoing success and potential of the Odienné Gold-Copper Project through which Newmont could earn a further 14% interest (for a total 65% interest) via 10 million in exploration expenditure and defining a minimum 2 million ounce gold resource.

"This potential investment of up to 10 million USD in exploration expenditure from Newmont paired with our recent $11.5 million CAD equity financing puts Awale on solid footing to continue to deliver exploration success at the Odienné project," said Andrew Chubb, CEO of Awalé Resources.

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Canadian Critical Minerals Provides Progress Report on Bull River Mine Project

Canadian Critical Minerals Inc. (TSXV: CCMI) is pleased to report that it has received additional revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of April 2024, the Company trucked 362 wet metric tonnes ("wmt") of mineralized material to New Afton and the Company received a provisional payment of approximately US$72,445 for the April shipments. The mineralized material sent to New Afton graded 2.96% Cu, 0.62 gt Au and 23.1 gt Ag.

The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Ore Sorter") to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+). Road restrictions, that were imposed by the Ministry of Transportation and Infrastructure of British Columbia on February 24, 2024, to 70% of normal loads in the Cranbrook area, were finally removed on April 24, 2024. The Company has now resumed trucking operations.

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Rio Tinto IOC recognized with Towards Sustainable Mining Environmental Excellence Award

Rio Tinto's Iron Ore Company of Canada (IOC) has won the Towards Sustainable Mining (TSM) Environmental Excellence Award for its contributions to the Abandoned Site Rehabilitation Partnership: Nitassinan Cleanup project. This collaborative initiative, undertaken in partnership with the First Nations of Quebec and Labrador Sustainable Development Institute (FNQLSDI), focuses on the remediation of legacy dumpsites within Nitassinan, the ancestral territory of Innu Nation of Uashat Mak Mani-Utenam, which were not the result of IOC activities, with the goal of restoring the land to its original state.

FNQLSDI environmental specialists, alongside members of the Uashat Mak Mani-Utenam community, are actively engaged in dismantling decommissioned structures and clearing abandoned sites. Leveraging rail cars and the extensive QNS&L Railway spanning 418 kilometers to Sept-Îles, the project facilitates the safe and efficient removal and relocation of materials, showcasing IOC's commitment to environmental care and community collaboration by utilizing its resources to support sustainable development initiatives outside its core operations.

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Acumen Pharmaceuticals Reports First Quarter 2024 Financial Results and Business Highlights

Announced initiation of ALTITUDE-AD, a Phase 2 study to investigate sabirnetug (ACU193) for the treatment of early Alzheimer's disease, in May 2024
Initiation of a Phase 1 study to support a subcutaneous dosing option of sabirnetug expected in mid-2024
Cash, cash equivalents and marketable securities of $296.6 million as of Mar. 31, 2024, expected to support current clinical and operational activities into the first half of 2027
Company to host conference call and webcast today at 8:00 a.m. ET

Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) ("Acumen" or the "Company"), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer's disease (AD), today reported financial results for the first quarter of 2024 and provided a business update.

"In the first quarter, our team remained laser-focused on the initiation of ALTITUDE-AD, our Phase 2 study investigating the efficacy and safety of sabirnetug for the treatment of early AD. We announced the first patient dosed in this study just last week. We are encouraged by the level of investigator interest in the potential of sabirnetug to offer a best-in-class therapeutic profile for patients, which is a testament to our strong Phase 1 data package and the relationships our team has built with clinical sites," Daniel O'Connell, Chief Executive Officer of Acumen. "We continue to expect to initiate a Phase 1 study with a subcutaneous form of sabirnetug in mid-2024 in an effort to extend the product profile and offer administration optionality for patients. We remain committed to delivering on our strategic priority to advance the clinical development of sabirnetug efficiently and thoughtfully."

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Acumen Pharmaceuticals, Inc.
Condensed Balance Sheets
(in thousands, except share and per share data)
	March 31,			December 31,
		2024			2023
	(unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	46,930		$	66,886
Marketable securities, short-term		205,582			176,636
Prepaid expenses and other current assets		3,319			3,093
Total current assets		255,831			246,615
Marketable securities, long-term		44,108			62,553
Right-of-use asset		353			381
Restricted cash		234			233
Property and equipment, net		117			122
Other assets		324			221
Total assets	$	300,967		$	310,125
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	3,079		$	1,379
Accrued clinical trial expenses		2,367			4,387
Accrued expenses and other current liabilities		2,905			6,339
Finance lease liability, short-term		-			756
Operating lease liability, short-term		121			110
Total current liabilities		8,472			12,971
Operating lease liability, long-term		252			284
Debt, long-term		30,209			29,897
Total liabilities		38,933			43,152
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2024 and December 31, 2023		-			-
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 60,079,778 and 57,910,461 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively		6			6
Additional paid-in capital		499,843			489,453
Accumulated deficit		(237,671	)		(222,798	)
Accumulated other comprehensive income (loss)		(144	)		312
Total stockholders' equity		262,034			266,973
Total liabilities and stockholders' equity	$	300,967		$	310,125


Condensed Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
(unaudited)
	Three Months Ended March 31,
		2024			2023

Operating expenses
Research and development	$	12,449		$	8,713
General and administrative		5,325			4,422
Total operating expenses		17,774			13,135
Loss from operations		(17,774	)		(13,135	)
Other income (expense)
Interest income		4,005			1,832
Interest expense		(1,000	)		-
Change in fair value of embedded derivatives		(50	)		-
Other expense, net		(54	)		(4	)
Total other income		2,901			1,828
Net loss		(14,873	)		(11,307	)
Other comprehensive gain (loss)
Unrealized gain (loss) on marketable securities		(456	)		227
Comprehensive loss	$	(15,329	)	$	(11,080	)
Net loss per common share, basic and diluted	$	(0.25	)	$	(0.28	)
Weighted-average shares outstanding, basic and diluted		59,812,000			41,025,062

Condensed Statements of Cash Flows
(in thousands)
(unaudited)
	Three Months Ended March 31,
		2024			2023

Cash flows from operating activities
Net loss	$	(14,873	)	$	(11,307	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		16			14
Stock-based compensation expense		2,484			1,390
Amortization of premiums and accretion of discounts on marketable securities, net		(1,763	)		(334	)
Change in fair value of embedded derivatives		50			-
Amortization of right-of-use asset		28			38
Realized gain on marketable securities		(2	)		-
Non-cash interest expense		268			-
Changes in operating assets and liabilities:
Prepaid expenses and other current assets		(226	)		(899	)
Other assets		35			(44	)
Accounts payable		1,700			(878	)
Accrued clinical trial expenses		(2,020	)		2,486
Accrued expenses and other current liabilities		(3,512	)		(38	)
Finance lease liability		(23	)		-
Operating lease liability		(21	)		(603	)
Net cash used in operating activities		(17,859	)		(10,175	)
Cash flows from investing activities
Purchases of marketable securities		(45,292	)		(52,131	)
Proceeds from maturities and sales of marketable securities		36,100			10,204
Purchases of property and equipment		(11	)		-
Net cash used in investing activities		(9,203	)		(41,927	)
Cash flows from financing activities
Proceeds from issuance of common stock, net of issuance costs		7,938			-
Payment for financing lease		(739	)		-
Payments for deferred offering costs		(60	)		-
Repurchase of common shares to pay employee withholding taxes		(32	)		-
Net cash provided by financing activities		7,107			-
Net change in cash and cash equivalents and restricted cash		(19,955	)		(52,102	)
Cash and cash equivalents and restricted cash at the beginning of the period		67,119			130,101
Cash and cash equivalents and restricted cash at the end of the period	$	47,164		$	77,999

Heritage Mining Announces Mobilization at Contact Bay

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Overview

Company Highlights

Key Projects

Drayton-Black Lake Project

Project Highlights:

Contact Bay Copper-Gold Project

Project Highlights:

Management Team

Peter Schloo - President, CEO and Director

Patrick Mohan - Chairman and Director

Wray Carvelas - Director and Chair of Compensation Committee

Rachel Chae - CFO

James Fairbairn - Director and Chair of Audit Committee

Patrick Sullivan - Corporate Secretary

Rick Horne - Geologist

Mitchel Lavery, - Advisor

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