Hispania Resources

Hispania Resources Announces the Preparation of its Three-Year Exploration Program at Las Herrerias, on the Puebla de la Reina Property in Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or the "Company") is pleased to update its plans for the coming year and prepares for its exploration program at the Puebla de la Reina ("PBR") property, Las Herrerias permit, for the next three years. This program consists of surface exploration, geophysics, surface sampling and diamond drilling across the property, which is located in a mining friendly jurisdiction in Southern Spain.

During the second half of the year, as travel opened up, Hispania's team met with regional government officials as well as the local Mayor in PBR to update on the company's plans going forward. The Mayor was appreciative and supportive of the Company's work during the COVID-19 pandemic, and was looking forward to more work in the area going forward. This continued through the back half of the year and after meeting with Government officials in Extremadura in the 3rd quarter of the year, "we presented the work program for Herrerias to the mining authorities and are pleased that it has been recommended for implementation," commented Norm Brewster, CEO of Hispania. The Company expects to begin this work program during the second quarter of 2023.

Further, during 2022, Hispania undertook the evaluation of several additional properties in Spain and has entered negotiations on two of these properties. The company hopes to update on these negotiations as they proceed. The company has been quite pleased with the continued interest in Mining opportunities in Spain, which was underscored by the largest deal of the year in the country with Sandfire Resources' $2.1 Billion acquisition of MATSA (its first President was Norman Brewster, CEO of Hispania).

Hispania also announces that it intends to settle outstanding indebtedness of $622,480 through the issuance of 4,788,305 common shares of the Corporation at a deemed price of $0.13 per common share (the "Debt Settlement"). The common shares issued in connection with the Debt Settlement will be subject to a hold period of four months from the date of closing. "The Management team and I are pleased to participate in the shares for debt settlement, as we are demonstrating our commitment to the company, as our management team and staff have all participated in this and are agreeing to have all wages and payables due to us over 18 months from April 2021 to September 2022 settled with this," commented Mr. Brewster.

The Debt Settlement is subject to the approval of the TSX Venture Exchange ("TSXV"). Certain transactions pursuant to the Debt Settlement are "related party transactions" as defined under Multilateral Instrument 61-101 ("MI 61-101") and are exempt from the formal valuation approval requirements of MI 61-101 as the securities of the Company are listed on the TSXV. The transactions are also exempt from the minority approval requirement of MI 61-101 as the fair market value of the consideration for the transaction does not exceed 25% of the Company's market capitalization.

At the company's Annual General Meeting on November 14, 2022, the existing Board of three members was re-elected and provision was made to add additional Directors which the company intends to do in the current year.

About Hispania Resources Inc.

Hispania Resources Inc is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core asset, the Zinc, Copper, Lead enriched Puebla de la Reina ("PBR") property in the low-risk and historic mining district of Extremadura in Southwest Spain. The PBR property covers an area of 90 km2. Hispania, through its subsidiary, La Joya, has entered into a purchase agreement with Auplata S.A. to acquire a 100% interest in the PBR property. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Resources, with the continued support of the local and regional governments, including the well developed and sophisticated transportation and mining infrastructure.

For more information on Hispania Resources Inc., visit: https://HispaniaResources.com/.

Contact Information

For more information or interview requests, please contact:

Norman Brewster - Chief Executive Officer
Norm@HispaniaResources.com
(416) 970-3223

Rahim Allani - Director
Rahim@HispaniaResources.com
(416) 457-0549

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the expected completion of the shares for debt transaction, the expected commencement of work on the PBR project, as well as information relating to Hispania. Although Hispania believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Hispania can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the future plans of Hispania may differ from those that currently are contemplated Additional risks include those disclosed in the Filing Statement, which are incorporate herein by reference and are available through SEDAR at www.sedar.com. The forward- looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

This news release is not an offer of the securities for sale in the United States. The securities described in this news release have not been registered under the

U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which where such offer, solicitation or sale would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151742

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Hispania Resources (TSXV:ESPN)

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Hispania Resources Acquires Lumbrales Deposit Permit, Aims for Continued Growth in Spain's Mining Sector

Hispania Resources Acquires Lumbrales Deposit Permit, Aims for Continued Growth in Spain's Mining Sector

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or the "Company") is pleased to provide an update on its 100% owned Lumbrales Deposit ("Lumbrales"), in the Stanniferous Iberian Belt of Spain. A region known for its more than 100 Tin and Tungsten deposits across Spain and Portugal, the prolific belt is set to be further enriched by Hispania's ambitious expansion plans. The Company has now acquired the Lumbrales Permit from Siemcalsa, a company controlled by the administration of Castile y Leon in Spain.

The Lumbrales Permit covers 2,900 hectares and contains the formerly producing Mari Tere mine and two other artisanal tin prospects. These sites are situated approximately 115 kilometers west of the city of Salamanca, Spain. Prior to its closure in 1986, the Mari Tere mine contained a confirmed resource of 2.5 million tons at a grade of 0.25% Tin and 100 ppm Molybdenum. Based on Siemcalsa's historical records, an additional 3 million tons of potential resources might be present, although these figures are historical and hence, are not reliable for current evaluation.

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Hispania Resources Completes Visit to Core Storage Facility at Siemcalsa, Salamanca, Spain

Hispania Resources Completes Visit to Core Storage Facility at Siemcalsa, Salamanca, Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the company") has completed a visit to the Siemcalsa core storage facility in Salamanca on a recent visit. As part of the recently announced transaction to acquire the Lumbrales property, the company acquired access to this facility. While at the facility the company acquired various reports, maps and sections relating to the Lumbrales property. Company personnel in Spain and Canada, with the assistance of this material, are currently preparing a work program for the revitalization of the Mari Tere mine which was last in formal operation in 198586, prior to its acquisition by Siemcalsa in 2007. Lower tin and overall metal prices caused a closure of this mine which remained dormant until acquired by Siemcalsa and subsequently Hispania.

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Hispania Resources Completes Site Visits in Spain

Hispania Resources Completes Site Visits in Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the Company") is pleased to announce that management, members of the board of directors, and geological teams completed site visits over the past two weeks across Spain. These sites are mineral projects located in Castile y Leon and Extremadura, Spain. During these visits, the teams completed property inspections, as well as meetings with Regional and local municipal authorities.With respect to the Lumbrales project, the final transfer documents were signed and notarized with Siemcalsa representatives. Thereafter, the teams reviewed and collected in country material and project reports and visited the Marie Tere site to determine property conditions and begin work activity planning. "We are very pleased to have completed all formal documentation and processes with Siemcalsa and regional governments to take formal ownership of this exciting base metals project and the existing infrastructure" commented Norman Brewster, Chief Executive Officer of Hispania.

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Hispania Resources Inc. Announces Acquisition of Lumbrales Permit

Hispania Resources Inc. Announces Acquisition of Lumbrales Permit

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the Company") is pleased to announce that it has acquired a 100% ownership in the Lumbrales Deposit (the "Lumbrales Permit"), situated in the Stanniferous Iberian Belt. This belt is a prolific mining region, which includes more than 100 Tin and Tungsten deposits in Spain and Portugal. Hispania acquired the Lumbrales Permit from Siemcalsa, a company controlled by the administration of Castile Leon in Spain.

The 2,900 Hectare Lumbrales Permit contains the formerly producing Mari Tere mine and two other artisanal tin prospects situated in Castille, about 115 kilometers west of the city of Salamanca. The permit was acquired from Siemcalsa for €250,000 (approximately CAD $374,500). At the time of its closure in 1986, the Mari Tere mine had established tin and molybdenum resources.

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Hispania Resources

Hispania Resources to Begin On-Site Preparations for Exploration Program at Las Herrerias, on the Puebla de la Reina Property, Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or the "Company") wishes to inform shareholders that it is preparing for the exploration program to be carried out at Las Herrerias ("Las Herrerias"), on the Puebla de la Reina property, located in Extremadura, Spain. Management will be onsite in early February to meet with its geological team to review and visit local geological areas of interest on the property identified by the work carried out in 202122 by the company.

While in the region, company management will be meeting with additional firms that carry out geophysical and diamond drilling activities, with the objective of determining timing and scope for the upcoming work at Las Herrerias. Further, management intends to again meet with the regional Ministry and politicians, including the Mayor of Puebla de la Reina, as they did in July, 2022, to ensure all local stakeholders needs are met.

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Vertex Minerals Limited  Placement and Convertible Loan to Further Advance Reward

Vertex Minerals Limited Placement and Convertible Loan to Further Advance Reward

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that firm commitments have been received for a placement and convertible loan financing to raise up to $2.1M at $0.16 per share1 before costs (Capital Raising).

HIGHLIGHTS:

- Firm commitments have been received for a strategic placement to an existing investor to raise $1.10M (before costs) at an issue price of $0.16 per share (Placement).

- Placement proceeds will be further augmented by loan funding of $0.98M, under a convertible facility agreed with institutional / sophisticated investors (Loan). Subject to shareholder approval Loan funds will be converted to fully paid ordinary shares at an issue price of $0.16 per share.

- Proceeds are intended to be applied towards the acquisition of an Ore Sorter and the associated conveyance equipment, purchase of an Underground Drill Rig and working capital.

Vertex's Executive Chairman, Roger Jackson commented: "We are very pleased to have the support of a strategic investor in this placement along with some of our very supportive existing shareholders backing the convertible loan. The funds will be used to acquire a laser Ore Sorter which will be integrated into the Gekko gravity gold plant along with an underground drill rig.

The drill will be focussed on the high-grade targets below and along strike of the high-grade gold resource at Reward. We wish to build our gold inventory from within our Reward mine. We are on track with the plant refurbishment and preparations to move the Reward mine into production in January 2025" Placement Details.

The Placement will comprise the issue of up to 6,900,000 new fully paid ordinary shares at an issue price of $0.16 per share. Subject to shareholder approval, the placement participant will also receive three (3) free attaching options for every five (5) shares. The options will be on the same terms a existing VTXOA options, which have an exercise price of 25c per share and an expiry date of 17/07/2026 (VTXOA Options).

Loan Details

Loan funds are expected to be $976,000 and the Company intends to seek approval for conversion of the Loan at the Company's 2024 AGM, to be held on 29 November 2024. Upon approval by shareholders, loan funds will be automatically converted into fully paid ordinary shares at a conversion price of $0.16 per share, with two (2) free attaching VTXOA Options for every five (5) shares issued on conversion. If not converted, Loan funds will accrue interest at 10% per annum and fall due for repayment on maturity 12 months after receipt.

Shareholder Meetings

The Company expects shortly to despatch a notice of meeting for a General Meeting to be held on or around 8 November 2024 to seek ratification of recent share issues as well as approval for the second tranche of shares under the Company's placement announced on 21 August 2024 and associated issues of options.

Separately, the Company expects to hold its 2024 Annual General Meeting on 29 November 2024, at which it is intended that business will include the seeking of shareholder approval to approve the conversion of the Loan as well as associated option issues.

CPS Capital Group (CPS) acted as lead manager to the Capital Raising.

- CPS and/or its Nominees will receive a management fee of 2% of the total gross proceeds of the Placement and Loan financing for managing the Capital Raising.

- CPS will receive a placing fee of 4%, plus GST. By negotiation CPS may be liable to pay a placing fee to parties, of up to 4%, plus GST for funds raised in the Capital Raising.

- Subject to Shareholder Approval, CPS and/or its Nominees will receive 1,500,000 VTXOA Options to be issued at $0.00001 per option.

- CPS will receive a one-off completion fee of $20,000 plus GST upon completion of the Placement.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/784UZHT1



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Falco Announces Extension of Its Senior Debts

Falco Announces Extension of Its Senior Debts

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that the Corporation has entered into binding agreements (i) with Osisko Gold Royalties Ltd (" Osisko ") in order to extend the maturity date of the Corporation's existing convertible secured senior loan (the " Osisko Loan ") from December 31, 2024 to December 31, 2025; and (ii) with Glencore Canada Corporation (" Glencore ") in order to extend the maturity date of the Corporation's existing senior secured convertible debenture (the " Glencore Debenture ") from December 31, 2024 to December 31, 2025.

Luc Lessard, President and Chief Executive Officer of the Corporation commented: " The concurrent extensions of the Corporation's senior debts demonstrate the strong relationship and long-standing support of Osisko and Glencore to Falco and the development of the Horne 5 Project. Such extensions provide the Corporation with additional flexibility to pursue the permitting and development of this project".

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Battery & Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Battery & Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Battery & Precious Metals Virtual Investor Conference, held October 1 st and 2 nd are now available for online viewing.

REGISTER NOW AT   : https://bit.ly/3Y53d5E

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Ramp Metals Announces Receipt of Exploration Permit and Commencement of 2024/25 Gold Exploration Campaign

Ramp Metals Announces Receipt of Exploration Permit and Commencement of 2024/25 Gold Exploration Campaign

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce the receipt of necessary permits to continue exploration at the Company's Rottenstone SW project. The Company will focus on its Ranger target where 73.55 gt Au over 7.5m was discovered. Mobilization of the field crew for the mapping and sampling program will occur on October 7, 2024.

"The Ramp Metals team hit a world class gold intercept after only one exploration season on site. Historically, the Rottenstone SW property has not been explored in detail. Saskatchewan is very underexplored in general, which shows the potential for a new gold district. The team will use the data from this mapping and sampling program to help prioritize areas for drill targeting," commented Jordan Black, CEO and Director of Ramp Metals Inc.

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Red Metal Resources Announces Grant of Stock Options

Red Metal Resources Announces Grant of Stock Options

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") announces the grant of stock options pursuant to the Company's stock option plan to directors, officers, management company employees, and consultants of the Company to purchase up to an aggregate of 1,200,000 common shares at an exercise price of $0.12 per common share. Pursuant to the terms of the option agreements, 1,200,000 options will vest immediately and will expire two years from the date of grant.

The common shares issuable upon the exercise of the options granted to directors and officers will not be subject to a customary hold period, as permitted by prospectus exemption 2.24 of NI 45-106 in regard to the issuance of the options.

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Canadian Critical Minerals Receives Offer to Purchase Interest in Thierry Mine Project

Canadian Critical Minerals Receives Offer to Purchase Interest in Thierry Mine Project

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") hereby reports that QC Copper and Gold (TSXV: QCCU) (QCCUF) ("QC Copper") has made an offer to purchase all the outstanding shares of Cuprum Corp. ("Cuprum") in an all-share deal (the "Acquisition"). Cuprum is a private company (formerly Pickle Lake Minerals Inc.) which owns 100% of the Thierry Mine project ("Thierry"). CCMI currently owns 29.9% of Cuprum and is the second largest shareholder. QC Copper currently owns 7.7% of Cuprum. Following the proposed transaction, CCMI's ownership of QC Copper would be 10.4%. This Acquisition, if completed, will establish QC Copper as one of the largest resource developers in Canada, with two multi-billion pound copper deposits in Quebec and Ontario.

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