Chibougamau Independent Mines Inc.

Chibougamau Independent Mines Inc. , herein called Chibougamau, wishes to inform shareholders that it has amended its agreement with TomaGold Corp. wherein TomaGold has the opportunity of acquiring, under an option, 100% interest in Chibougamau's Berrigan South, Berrigan Mine, Antoinette, Elaine Lake and Gwillim properties northwest of the Town of Chibougamau, Quebec. Consideration under the updated agreement now stands [...]

Chibougamau Independent Mines Inc. , herein called Chibougamau, is pleased to highlight to shareholders the following update from Cerrado Gold Inc. as regards ongoing work at the Mont Sorcier Iron/vanadium project located in proximity of the town of Chibougamau, Quebec. In a press release of today's date, Cerrado published the following: Mont Sorcier Project Update At the Mont Sorcier high-purity iron project, detailed [...]

Chibougamau Independent Mines, herein called Chibougamau, wishes to inform shareholders that per the agreement with TomaGold Corp. dated August 11, 2023, Chibougamau has received the initial cash and share payments. In addition, Chibougamau has received the first anniversary shares payment but, due to market conditions, has extended both the required first anniversary $50,000 cash and $600,000 work expenditure requirement [...]

Chibougamau Independent Mines and Globex Mining Enterprises are pleased to provide an update as regards the Mont Sorcier Iron Project. Chibougamau maintains a 2% Gross Metal Royalty on all mineral production from the property and Globex maintains a 1% Gross Metal Royalty on iron produced from the property. As a reminder, the Mont Sorcier Iron Deposit is a 678.5 Mt Indicated Resources and 546.6 Mt Inferred Resources [...]

Chibougamau Independent Mine regrets to inform shareholders that TomaGold Corporations and Chibougamau have mutually agreed today to terminate the letter of intent dated August 11, 2023 pursuant to which TomaGold had an option to acquire Chibougamau's East Block, comprised of 127 mining claims in McKenzie, Obalski, Roy and Lemoine Townships, Québec, as announced on August 14, 2023 and extended as announced in press [...]

Chibougamau Independent Mines wishes to inform shareholders that TomaGold Corporation have announced in a press release today, that they are finalizing the financing to acquire Chibougamau's East Block of copper-gold properties. In order to allow TomaGold to complete the complicated procedures of legal and regulatory paperwork and approvals, Chibougamau has extended the date to finalize the transaction to April 30, 2024 [...]

Chibougamau Independent Mines wishes to inform shareholders that Chibougamau has extended the "Option to Purchase" accorded to Tomagold Corp. by 45 days to allow completion of due diligence and secure financing to acquire Chibougamau's East Block of advanced copper-gold properties. The initial transaction was announced in press releases dated August 14, 2023 and September 13th, 2023. This press release was written by Jack [...]

Chibougamau Independent Mines is pleased to inform shareholders that Cerrado Gold Inc. has announced that it has "completed the tender process for its Export Credit Agency Supported Non-Recourse Project Financing, and expects to complete the on-boarding and appointment process within the next few weeks." Cerrado has chosen an international bank to act as Mandated Lead Arranger for the Mont Sorcier Iron-Vanadium project in [...]

Chibougamau Independent Mines is pleased to inform shareholders that TomaGold Corporation has deposited $500,000 in the bank account of Chibougamau as required. Under the option agreement for the West Block of claims TomaGold deposited $300,000, the first-year option payment. Also, per the Letter of Intent, $200,000 was deposited related to an exclusive six-month due diligence period to study the East Block of claims [...]

ROUYN-NORANDA, Québec, Sept. 13, 2023 -- Chibougamau Independent Mines Inc. is pleased to announce that the Option Agreement announced on August 14, 2023 with TomaGold Corporation pursuant to which Chibougamau granted TomaGold an option to acquire the West Block, comprised of 99 claims in Barlow and McKenzie Townships, Québec, has been approved by regulators. In order to exercise its option and acquire a 100% interest in [...]