Point Roberts, WA and Delta, BC – November 2, 2021 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO’s and leading experts. Today’s podcast was sponsored by O2Gold Inc. (TSXV:OTGO), a mineral exploration company with activities in Colombia.
Listen to the podcast:
Exploring Mining Podcast 218 (TSXV: OTGO) (TSXV: FOR) (OTC: FTBYF) (NYSE: AEM) (NYSE: KL) (NYSE: AA) (TSXV: DAU)
Fortune Bay Corp. (TSXV:FOR) (OTC:FTBYF) has announced its intention to complete a non-brokered private placement for aggregate gross proceeds of up to $5,500,000, wherein it will issue up to 3,076,923 units and up to 4,545,454 flow through shares. The proceeds of the offering, according to the press release, are intended to be used by the company “to fund exploration and project development at Fortune Bay’s Saskatchewan projects, and for general operating costs.”
Agnico Eagle Mines Limited (NYSE:AEM) and Kirkland Lake Gold Limited (NYSE:KL) have announced the filing of a joint management information circular connected with a proposed merger of the two firms. The Board of Directors of each company have unanimously approved the merger and recommend that their respective shareholders vote in favour of it. If the merger goes ahead, the combined entity will continue under the name Agnico Eagle Mines Limited, and according to the press release, “will be a high-quality senior gold producer with the lowest all-in sustaining cost per ounce of gold, highest EBITDA margin and lowest-risk portfolio of operating mines among its senior gold peers.”
Alcoa Corporation (NYSE:AA) has completed the sale of land and industrial assets in the state of Texas – including the site of the former Rockdale aluminum smelter – in a transaction valued at $240 million. Rob Bear, Alcoa’s Vice President of Transformation, commented:
“The successful sale of the Rockdale site demonstrates the value that we can unlock as we prepare former sites for redevelopment. Since Rockdale’s closure, we’ve fulfilled our commitments and attracted numerous tenants who are helping create economic development opportunities.
We are confident that the work we performed to prepare this site for this completed transaction will bring significant benefits to our former host community and the areas surrounding Rockdale.”
Desert Gold Ventures Inc. (TSXV:DAU) has reported results for 123 holes totalling 7,521 metres completed on its Gourbassi East Zone, Gourbassi NE, Gourbassi SE, Sorokoto and Kamana target areas, on its SMSZ Project in Western Mali. The company’s President and CEO, Jared Scharf, said:
“These results, yet again, demonstrate the exceptional exploration potential of our SMSZ Project. Through a combination of property acquisition and success at the drill bit, we have added several exciting new targets and enhanced existing gold zones. As a result of this work, obvious high priority targets have emerged for our upcoming 2022 drill campaign. This follow up campaign will be more focused on select targets that show the size and scalability characteristics of a potentially large deposit. We look forward to getting back out into the field as soon as we can.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team’s deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.
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Disclosure: OTGO is a paid for featured mining stock on Investorideas.com . Fortune Bay Corp. is a featured company on Investorideas.com
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