Braveheart Resources Inc. announces that it has closed a flow-through unit financing for $600,000 comprised of 5,217,391 units at an issue price of $0.115 per unit. Each unit consists of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant is exercisable into a common share at an exercise price of $0.14 per share for a period of two years. The Company paid commissions to [...]
Braveheart Resources Inc. hereby announces the appointment of Heather Kennedy as an independent Director of the Company. Ms. Kennedy holds a B.Sc. in Metallurgical Engineering from Queen's University as well as a Certificate in Tribunal Administrative Justice. She has over 35 years of experience in the mining industry in engineering, operations, major projects, operational excellence, employee and community relations and [...]
Braveheart Resources Inc. is pleased to announce the appointment of Manish Grigo as Director of Corporate Development. Mr. Grigo holds a Bachelor of Commerce from Delhi University as well as a Masters in Business Administration from Cardiff University. Additionally, he is a chartered financial analyst. He has over 12 years of experience in research analysis, investor relations and corporate development, having worked in [...]
Braveheart Resources Inc. is pleased to announce that it has reached agreement with 2166687 Alberta Ltd. , holder of a $3.6 million convertible debenture of the Company, to retire the Debenture in exchange for the Company's issuance of common shares and warrants. 2166687 is a holding entity for approximately 90 underlying note holders. The Debenture being settled is convertible into common shares of the Company at a [...]
Braveheart Resources Inc. is pleased to announce that it has entered into a Concentrate Purchase Agreement with Ocean Partners UK Ltd. for the sale of its copper concentrates from its Bull River Mine near Cranbrook, British Columbia. Additionally, Ocean has agreed to provide the Company with a Pre-Payment Financing Facility against initial proceeds from milling of mineralized material on surface. The Agreement shall [...]
Braveheart Resources Inc. is pleased to announce that it has entered into a new option agreement to acquire a 100% interest in the past-producing Alpine Mine Property near Nelson, British Columbia. Braveheart previously held an option on the property during the period November 2016 until December 2019. The original option agreement was terminated when the Company failed to make a staged progress payment. Gold prices have [...]
Braveheart Resources Inc. has filed a Preliminary Economic Assessment for its newly acquired Thierry Mine Project near Pickle Lake, Ontario on the System for Electronic Document Analysis and Retrieval at www.sedar.com. The PEA was independently prepared by P&E Mining Consultants Inc. of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET and previously announced in a press release on January 14 [...]
Braveheart Resources Inc. is pleased to announce positive initial results for the application of ore sorting on the stockpiled mineralized material at its 100% owned Bull River Mine project near Cranbrook, British Columbia. Braveheart recently sent samples from a stockpile of mineralized material consisting of copper, gold and silver at Bull River to the TOMRA Sorting Solutions facility in Hamburg, Germany. TOMRA designs [...]
Braveheart Resources Inc. is pleased to announce that silver by-product credits are becoming increasingly significant to Braveheart at its 100% owned Bull River copper, gold and silver mine project and its 100% owned Thierry Mine Project copper, nickel and silver project. Braveheart recently announced the completion of a positive Preliminary Economic Assessment for Thierry near Pickle Lake, Ontario . A NI 43-101 Technical [...]
Braveheart Resources Inc. is pleased to announce that, based on the results of a positive Preliminary Economic Assessment for its newly acquired Thierry Mine Project near Pickle Lake, Ontario , the Company has negotiated the repurchase of a 2% Net Smelter Royalty from Cadillac Ventures Inc. for a consideration of 2,500,000 common shares of Braveheart. As per the Share Purchase Agreement dated October 21, 2020 and the [...]
Braveheart Resources Inc. is pleased to announce the completion of a positive Preliminary Economic Assessment for its newly acquired Thierry Mine Project near Pickle Lake, Ontario. The PEA was independently prepared by P&E Mining Consultants Inc. of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET. Highlights of the PEA This PEA is focused solely on mining of the Mineral Resources at the [...]
Braveheart Resources Inc. is pleased to announce that it has renegotiated terms of its senior secured loan agreement with Matlock Farms Ltd , a company controlled by Aaron Matlock, a director of Braveheart. The loan, which has a principal amount of $5,000,000 and was put in place in January 2019, carries an interest of 14.8% for a term of four years. Effective January 19th, 2021, the interest rate will be reduced to 10 [...]
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