Alphamin Resources Corp. completed C4 Commissioning of its Bisie tin project Processing Plant. C4 involves feeding the system with material, checking instrumentation calibration, process flows and individual equipment throughput and building up to instantaneous design throughput. A C4 certificate indicates that a unit or the entire system is complete and can operate with material. C5 is the final stage of the [...]
Alphamin Resources Corp. is pleased to announce that it has commenced hot commissioning at its flagship Bisie Tin Project . Construction of the mine was completed in the first quarter of 2019. Wet commissioning, whereby the plant runs on water, was completed in the week commencing April 22, 2019. Hot commissioning, which involves feeding the plant with material, checking instrumentation calibration, process flows and [...]
Alphamin Resources Corp. announced today that it has completed its previously announced non-brokered private placement of equity units raising gross proceeds of C$15,960,000 from the sale of 79,800,000 Units . The Units were offered and sold at a price of C$0.20 per Unit with each Unit consisting of one common share and one common share purchase warrant . Each Warrant entitles the holder to acquire one additional common [...]
Alphamin Resources Corp. announced today that it intends to proceed with a non-brokered private placement of up to 79,800,000 equity units to raise gross proceeds of up to C$15,960,000 . The Company has determined to fund its anticipated working capital shortfall with equity through the Proposed Offering instead of debt and the previously announced proposed working capital facility from its lenders is not being proceeded [...]
Alphamin Resources Corp. is pleased to announce an update to the development status of its flagship tin project in the DRC. The processing plant front-end crushing circuit commissioning has been completed and has run at nameplate capacity of sixty tonnes per hour. To date, some six thousand, five hundred tons of ore has been crushed and stockpiled for feeding into the gravity separation circuit. Cold commissioning on the [...]
Alphamin Resources Corp. is pleased to announce an update to the development status of its flagship tin project in the DRC. The processing plant front-end crushing circuit has been successfully commissioned on 8 January 2019, on schedule. This includes the primary crusher, two tertiary crushers and the screening buildings. Ore is now being fed through this circuit to create a stockpile with which the gravity circuit can [...]
Alphamin Resources Corp. is pleased to announce an update on progress at its Bisie Tin Project. Project update The Company’s 80.75% owned DRC subsidiary, Alphamin Bisie Mining SA has now received all approvals required to draw down the final $20m of its previously announced $80m credit facility . Funds are expected to be received by Monday 10 December and, based on current projections, should be sufficient to see [...]
Alphamin Resources Corp. is pleased to announce that it has satisfied the conditions required to draw an additional US$25 million under its previously announced credit facility of up to US$80 million . The drawdown will take the total amount drawn under the Credit Facility to US$60 million. The remaining US$20 million is expected to be drawn in December 2018. The funds will be applied towards development of the [...]
Alphamin Resources Corp. is pleased to announce an update on progress at its Bisie Tin Project. Construction of the Company’s 80.75% owned Bisie Tin Project is currently on schedule and 75% complete. Commissioning of the process plant is scheduled for Q1 2019. Equity financing raised to date together with the US$80m credit facility is currently projected to take the Company through to commercial production. Key [...]
Mauritius, June 18, 2018 -- Alphamin Resources Corp. is pleased to announce that it has raised C$19.2 million by issuing a total of 76,800,000 common shares of the Company at a price of C$0.25 per Common Share through the closing of its previously announced non-brokered private placement . The Private Placement includes a subscription for 65,126,400 Common Shares at the Issue Price by the Company’s major [...]
Mauritius, June 07, 2018 -- Alphamin Resources Corp. “Alphamin”, or the “Company”) is pleased to announce that it has completed a US$25 million drawdown under its previously announced credit facility of up to US$80 million . In addition, the Company converted US$3.396 million of debt due to Sprott Private Resource Lending , L.P., Barak Fund SPC Limited and the Company’s 44.86% shareholder [...]
Mauritius, May 25, 2018 -- Alphamin Resources Corp. , is pleased to announce that it intends to raise approximately C$19.2 million by way of a non-brokered private placement to fund the continued development of the Company’s 80.75% owned Bisie Tin Project and for general corporate purposes. The Private Placement is intended to be completed with the Company’s 44.86% shareholder, Tremont Master Holdings , for up [...]
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