Category: Gold
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Soma Gold (SOMA.V) hits all its milestones, eliminates debt, raises fat cash
Soma Gold Corp. (SOMA.V) has closed the first tranche of its previously announced non-brokered private placement under the Listed Issuer Financing Exemption (LIFE), raising $15.5 million to advance its Colombian gold operations, and that comes with a twist. The company issued 13,489,566 units at $1.15 per unit, generating gross proceeds of approximately $15.51 million, including…
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Quimbaya Gold (QIM.C): Digging for gold in Colombia with a novel business plan
The usual story in mining is as old as mining itself: a company finds out a hill is full of shiny stuff, they roll in with lawyers and excavators and lay claim to it, and the people who’ve been scratching out a living there for decades get told to pack up their shovels. Let’s be…
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Soma Gold (SOMA.V): Fully funded, profitable, and undervalued
If there’s one thing we like to see more than a big, fully subscribed financing, it’s a big, fully subscribed financing that commits early, and bangs down debt into the bargain. Soma Gold (TSX-V: SOMA / OTCQB: SMAGF) just closed in on a fully committed $15 million financing — and they did it early. This…
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Prismo Metals (PRIZ.C) raises half a mill; now It’s time to put it to work
Disclaimer: This article has been paid for by Standard Uranium. See disclosures at the bottom of the page. Prismo Metals (CSE: PRIZ) is not a big resource explorer. In fact, at a $6m market cap, it’s on the smaller side. So when a little guy like that can raise a half million bucks in a…
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15 mining explorers that are interesting right now, and why
A year ago, we set to work on an artifical intelligence-based platform that could take public company documents and filter them to quickly determine detailed information about companies – specifically mining explorers – and the people, money, and projects behind them. We used this platform in the months since for our own research as we’ve…
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Emerita Resources (EMO.V) vs. the state: A decade-long legal saga nearing its end
Emerita Resources (EMO.V) is involved in a long running legal fight in Spain, but while that may be something most investors would shy away from, EMO’s fight was one they took up after being allegedly rooked out of a deal for one of the biggest mining projects in Continental Europe. And it’s nearing a verdict.…
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Nordique Resources (NORD.C): Finland gold hunt begins—but let’s not forget the Balbir Johal stain
Nordique Resources (CSE: NORD), newly rebranded from its former incarnation as Brascan Resources, has officially launched its exploration program at the Isoneva Gold Project in Western Finland. It’s a big step forward for a company that once pitched itself as everything to everyone—lithium, nickel, gold, even Brazil. Now? It’s apparently boots on glacial ground in…
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Prismo Metals (PRIZ.VC) grabs Silver King: The Resurrection of a Forgotten Giant
Disclaimer: This article has been paid for by Prismo Metals. See disclosures at the bottom of the page. There’s silver in the ground many places you look—lots of it. Always has been. The trouble isn’t finding it, it’s getting people to believe in it. That’s what makes Prismo Metals’ latest move so compelling. They’re not…
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Victory lap: Five companies we told you about and how far up they’ve gone since
DISCLOSURE: This article includes mention of companies that are clients of Equity.Guru Hand to god, Equity.Guru isn’t the biggest penny stock information site out there. I wouldn’t even say we’re top 20, in terms of traffic. But there’s something this group has worked years to cultivate that is far more important than quantity of clicks…
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The promo engine is revving on Magma Silver (MGMA.V)
In relation to the stockmarket, most people assume ‘promo’ is a dirty practice; a ‘wretched hive of scum and villany,’ as Obi Wan might have put it. And, yeah, I guess. It’s also an industry I’m involved in, and have been for a dozen years now, so I have a pretty good view of how…
