Zinc Company News Directory

Trevali Bought-Deal Financing Increased to $30 Million

Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) amended its previous agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters. The Underwriters will now purchase, 30,000,000 common shares of Trevali for gross proceeds of $30,600,000 by way of short form prospectus. The option to purchase an additional 15% of the offering has been granted to the Underwriters. The offering is expected to close on or about June 11, 2015.

Trevali Mining Announces $20 Million Bought Deal Financing

Trevali Mining (TSX:TV,OTCQX:TREVF,FWB:4TI) announced a bought-deal private placement for gross proceeds of approximately $20 million. The company has entered an agreement with Dundee Securities to purchase 19,610,000 shares of the company at $1.02 per share by way of a short form prospectus.

Foran Mining Announces Final Infill Drilling Results from Bigstone Deposit

Foran Mining (TSXV:FOM) announced that the final three of six infill holes drilled at the Bigstone deposit located west of the McIlvenna property in Saskatchewan. Results from the final three drill holes include: 2.5% Cu over 53.6m (including 4.0% Cu over 12.3m), 2.5% Cu over 58.0m (including 3.8% Cu over 15.3m) and 11.2% Zn over 3.0m, and 15.1% Zn and 778 g/t Ag over 4.8m (including 32.4% Zn and 2,322 g/t Ag over 1.58m).

Trevali Releases Updated Resource Estimate for Stratmat Deposit

Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced an updated resource estimate for its Stratmat Deposit in New Brunswick: Indicated resource of 4.7 million tonnes grading 5.31% zinc, 2.07% lead, 0.41% copper, 48.52 g/t silver and 0.59 g/t gold, and an Inferred resource of 2.40 million tonnes grading 4.76% zinc, 2.07% lead, 0.70% copper, 38.82 g/t silver and 0.42 g/t gold; using a 5% ZnEq cutoff. According to CEO Dr. Mark Cruise, "The resource estimate has successfully increased the Companies confidence in the Stratmat deposit and added significant new tonnage, all very important for the next phase as Trevali advances its growth plans for the Bathurst Mining Camp."

Trevali Announces Caribou Mine Mill Commissioning

Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced that mill commissioning has begun at its Caribou Zinc Mine in New Brunswick. Initial commissioning will begin with low-grade material as the operators bring the grinding and flotation circuits up to specification. Once sufficient operational data is obtained, tentatively shceduled around July-August, Trevali will begin to mobilize its senior metallurgical consultant to site to provide additional technical and metallurgical support capacity. Dewatering at the mill is ongoing and continues to progress following a heavy Spring melt.

Foran Mining Announces Annual Shareholder Meeting on June 8

Foran Mining (TSXV:FOM) announced that its Annual and Special Meeting of Shareholders will be held on Monday, June 8, 2015, 2PM EST at 36 Toronto Street, Suite 1000, Toronto, Ontario. Items on the agenda are election of directors, auditors, approval of a stock option plan, and a resolution to to the Advance Notice Provision.

Trevali Mining Reports 2015 First Quarter Financial Results

Trevali Mining Corporation (TSXV:TV,OTCMKTS:TREVF) announced its first quarter 2015 financial results, which showed a net loss of $2.8 million or $0.01 per share, partially due to non-recurring items. The company’s Santander mine’s operational income for the quarter was $2.2 million on concentrate sales revenue of $25.9 million. It also announced the date for a conference call and audio webcast to review the results.