Latest news with #IanKlassen
The Market Online
3 days ago
- Business
- The Market Online
This Alaska gold miner may benefit from lower infrastructure costs
Grande Portage Resources (TSXV:GPG) is informing the market of the Alaska Department of Transportation & Public Facilities' advancing infrastructure development at Cascade Point, site of the company's planned ore shipping terminal Grande Portage is a mineral exploration company active in Alaska's Juneau Gold Belt, which has produced over eight million ounces of gold to date The junior gold and silver stock has added 5.26 per cent year-over-year but remains down by 16.67 per cent since 2020 Grande Portage Resources (TSXV:GPG) is informing the market of the Alaska Department of Transportation & Public Facilities' (DOT&PF) advancing infrastructure development at Cascade Point, site of the company's planned ore shipping terminal. The DOT&PF recently began a design-build contracting process for phase 1 of the Cascade Point Passenger Ferry Terminal, which will cost between US$20-$30 million and includes earthworks, site preparation, procurement of materials, construction of a replacement bridge for heavy equipment access and construction of a new access road for year-round use. Grande Portage's ore terminal – which can be developed independently of and prior to the ferry terminal – may benefit from certain infrastructure, including the access road and bridge, should the terminal proceed first, reducing both time and development costs. Location of the New Amalga gold project and Cascade Point. (Source: Grande Portage Resources) The ore terminal is anchored by a letter of intent between Grande Portage and Goldbelt, owner of Cascade Point, to jointly advance a facility to transport sorted material from the company's New Amalga gold project to a third-party processor. New Amalga's 2024 resource estimate came in at almost 2 million ounces of gold and over 1.2 million ounces of silver indicated plus inferred, representing over US$6.6 billion in the ground at the time of writing. Leadership insights 'We are extremely pleased to see the State of Alaska advancing the Cascade Point Passenger Ferry Terminal towards construction,' Ian Klassen, Grande Portage Resources' president and chief executive officer, said in a statement. 'In the future, Grande Portage and Goldbelt intend to further develop the site by adding a freight barge terminal for transportation of ore from the New Amalga gold project to a third-party processing facility. This dual-use of the site will maximize the benefits to the local economy and create long-term job opportunities for the community of Juneau.' About Grande Portage Resources Grande Portage is a mineral exploration company active in Alaska's Juneau Gold Belt, which has produced over eight million ounces of gold to date. Grande Portage Resources stock (TSXV:GPG) is unchanged trading at C$0.20 as of 10:00 am ET. The stock has added 5.26 per cent year-over-year but remains down by 16.67 per cent since 2020. Join the discussion: Find out what everybody's saying about this junior gold and silver stock on the Grande Portage Resources Ltd. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
13-05-2025
- Business
- Yahoo
GMV Minerals Announces Extension of Expiry Date for Warrants
VANCOUVER, BC / / May 13, 2025 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) announces that it has applied to the TSX Venture Exchange to extend the expiry date for 4,500,000 of its outstanding unlisted common share purchase warrants (the "Warrants"). The Warrants, each of which is currently exercisable to purchase one common share of the Company at $0.16 per share, were originally issued by the Company as part of non-brokered unit private placement financing completed in June 2022. The Company will extend the expiry date of the Warrants to 4:30 pm PST on June 24, 2026, subject to TSX Venture Exchange approval. The Company currently has an aggregate of 4,500,000 Warrants issued and outstanding pertaining to the Private Placement, of which 4,500,000 are eligible for amendment, pursuant to the policies of the Exchange. About GMV Minerals Inc. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company's NI 43-101 resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold. ON BEHALF OF THE BOARD OF DIRECTORS ________________________________________ Ian Klassen, President For further information please contact: GMV Minerals KlassenTel: (604) 899-0106Email: Klassen@ Neither 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 release. SOURCE: GMV Minerals, Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
29-03-2025
- Business
- Associated Press
GMV Minerals Announces Extension of Expiry Date for Warrants
VANCOUVER, BC / ACCESS Newswire / March 28, 2025 / GMV Minerals Inc. (the 'Company' or 'GMV') (TSXV:GMV)(OTCQB:GMVMF) announces that it has applied to the TSX Venture Exchange to extend the expiry date for 10,009,864 of its outstanding unlisted common share purchase warrants (the 'Warrants'). The Warrants, each of which is currently exercisable to purchase one common share of the Company at $0.22 per share, were originally issued by the Company as part of non-brokered unit private placement financing completed in June 2023. The Company will extend the expiry date of the Warrants to 4:30 pm PST on June 8, 2026, subject to TSX Venture Exchange approval. The Company currently has an aggregate of 10,049,284 Warrants issued and outstanding pertaining to the Private Placement, of which 10,009,864 are eligible for amendment, pursuant to the policies of the Exchange. About GMV Minerals Inc. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company's NI 43-101 resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold. ON BEHALF OF THE BOARD OF DIRECTORS ________________________________________ Ian Klassen, President For further information please contact: GMV Minerals Inc. Ian Klassen Neither 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 release. SOURCE: GMV Minerals, Inc.
