Aztec Minerals (AZT: TSX-V, OTCQB: AZZTF) did a good job raising C$1.55M , after announcing the non-brokered placement on August 8, 2023 for an amount up to C$1M, and upsizing it to C$1.2M on August 29, 2023 due to additional interest from investors.
In uncertain times, where the Fed gradually seems to be pushed closer and closer to a rate hike pause, potentially followed by rate cuts somewhere in 2024, the Russian conflict keeps aggrevating, and the Chinese government keeps coming with soft measures to restart their economy, Dolly Varden Silver (DV.V)(DOLLF.US)
With the Federal Reserve pausing their rate hikes for now, awaiting developments for the economy although being somewhat surprised by the strength of it, expecting one more hike before year end but no quick pivot to rate cuts in 2024, general sentiment remains neutral, although a recession looms behind the scenes.
As analysts debate whether the world economy is heading into a mild recession, with the Fed hesitating if they should pivot soon or not, Inomin Mines (MINE.V)(FRA:IMC) delivered further impressive drill results from their 100% owned, 24,000 hectare Beaver-Lynx project in south-central, BC, The drilling program commenced in June, right after the company closed their C$607k non-brokered financing.
After a long period of non-material events, management and Board of Alianza Minerals (ANZ.V) decided it was time for a thorough change in many aspects. On August 10, 2023 they announced a name change into Silver North Resources, with a new ticker to go with that (SNAG.V),
Just as gold is making a comeback from recent lows, Aztec Minerals (AZT: TSX-V, OTCQB: AZZTF) is in the midst of raising fresh cash for their upcoming exploration programs at Cervantes (Mexico) and Tombstone (Arizona). After announcing the non-brokered placement on August 8, 2023 for an amount up to C$1M, management closed a first tranche on August 29, 2023, and indicated the placement would be increased to C$1.2M due to additional interest from investors.
As Westward Gold Inc. (WG.CSE) is looking to expand, in order to be able to attract more financing, they are also building on their team, and the most recent hire reflects this in spades according to management. Incoming VP Exploration Robert Edie will be stepping up to the plate at the end of September, while transitioning to this position effective immediately.
After closing the C$950k non-brokered private placement in May (14c FT and 11c NFT with half 22c 3y warrant), completing an airborne magnetic survey, and interpreting lots of data in order to identify multiple targets for summer prospecting, EGR Exploration (EGR.V)
Ice drilling at Regnault target, Frotet project, Quebec
After experiencing the last rate hike by the Federal Reserve in July, it seems more and more likely that the world economy is heading into a soft landing, with inflation continuing to go down.
With Robert Friedland presenting the thesis about copper as an upcoming “train wreck” waiting to happen, with the price of the red metal potentially tenfolding in the coming years, it seems we have another mining titan on our hand using hyperboles in order to support their own interests, in this case Ivanhoe Mines.