Alphamin Resources Corp.

Alphamin Resources Corp. is pleased to provide the following updates regarding its operational initiatives and ownership level of its flagship Bisie tin mine in the Democratic Republic of the Congo. Alphamin to increase ownership of its Bisie tin mine In connection with Alphamin’s equity offering concluded in May 2020, Alphamin settled certain third-party indebtedness of indirect subsidiary Alphamin Bisie Mining SA , the [...]

Alphamin Resources Corp. is pleased to provide the following production and EBITDA update for the quarter ended June 2020: Tin production up 29% to 2,739 tons versus previous quarter AISC per ton of tin sold down 13% to US$10,849 versus previous quarter EBITDA of US$12,9 million Q3 2020 production guidance of 2,600 - 2,800 tons contained tin Production and Financial Summary for the Quarter ended June 20201 Description [...]

Alphamin Resources Corp. announced today that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 9,880,000 common shares to directors, officers and employees of Alphamin and its subsidiaries under its stock option plan. Each option is exercisable for a seven year period to acquire one common share at a price of C$0.20 per share. The options granted vest over a period between three and [...]

Alphamin Resources Corp. is pleased to announce that it has completed its previously announced offering of common shares pursuant to which an aggregate of 312,319,539 common shares were issued . The Company issued for cash on a non-brokered private placement basis 100,819,541 common shares at a price of C$0.14 for gross proceeds of approximately C$14,114,736 . Of this amount, 60,428,571 common shares were acquired by the [...]

Further to the press release of Alphamin Resources Corp. dated April 28, 2020, the Company is pleased to announce that the 2019 annual filings have now been completed. The filings include the Company's annual audited consolidated financial statements for the twelve months ended December 31, 2019 and related Management Discussion & Analysis. The documents are now available for viewing and download under the Company's SEDAR [...]

Alphamin Resources Corp. announced that it has been informed by its auditors that due to their additional risk assessment requirements related to the uncertainty created by the COVID-19 pandemic and their limitations on people movement, they are required to perform a further COVID-19 specific risk assessment on the Company and that they will not be in a position to sign the audit report in the financial statements by the [...]

Alphamin Resources Corp. is pleased to announce: A proposed non-brokered private placement of up to US$35m at C$0.14 per share as a prepayment against US$98m of senior secured debt Agreement in principle for: up to 31% reduction in debt resulting in significantly reduced interest rates on the outstanding balance, improved debt covenants and debt profile; debt service headroom secured over the tenor of the remaining loans [...]

Alphamin Resources Corp. is pleased to provide the following production update for the most recent quarter ended March 2020: Contained tin production of 2,119 tons – at mid point of previous guidance range Processing recoveries of 71% - in line with target Plant throughput up 19% Q2 2020 production guidance of 2,400 - 2,600 tons contained tin Excellent safety performance with zero lost time injuries during the quarter [...]

Alphamin Resources Corp. is pleased to announce that it’s 80.75% subsidiary, Alphamin Bisie Mining SA , has exercised its previously announced option with senior lenders to defer debt capital repayments. As announced on 16 October 2019, the Company’s lender consortium granted an option to ABM to elect to amend quarterly debt capital instalments of approximately US$8.17 million commencing the end of March 2020 [...]

Alphamin Resources Corp. wishes to highlight some of the key technical results of its newly filed updated NI 43-101 technical report for the Bisie Tin mine located in the Democratic Republic of Congo. The results include an improved Life of Mine profile and changes in Mineral Reserves and Resources. Updated Mineral Resources: Mineral Resources were updated as at 30 June 2019. The previous Mineral Resource estimate was as [...]