West Red Lake Gold Mines is pleased to announce that it has entered into an agreement with Raymond James Ltd. as sole underwriter pursuant to which Raymond James has agreed to purchase, on a "bought deal" basis, 14,493,000 charity-flow through units of the Company at a price of C$0.8487 per Charity Flow-Through Unit, respectively, for aggregate gross proceeds to the Company of approximately C$12.3 million. Each Charity [...]
West Red Lake Gold Mines is pleased to announce the filing of its independent pre-feasibility study technical report for its 100% owned Madsen Mine project, with an effective date of Jan 7, 2025. The PFS Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supports the disclosure made by the Company in its [...]
Sponsored content disseminated on behalf of West Red Lake Gold. On February 13, 2025, West Red Lake Gold Mines provided an update on restart readiness activities, including bulk sampling, mill start-up and underground development. "We have 185 employees and 50 contractors currently active on site," reported Shane Williams, President and CEO of WRLG in the February 13 press release. According to a conservative [...]
West Red Lake Gold Mines Ltd. is pleased to provide an update on restart readiness activities, including the in-progress bulk sample, at its 100% owned Madsen Mine project in the Red Lake Gold District of Northwestern Ontario, Canada. "With test mining underway, bulk sample stockpiles building on surface, and the mill set to initiate campaign processing in the coming weeks, we have achieved many key operational milestones [...]
West Red Lake Gold Mines Ltd. is pleased to announce positive results from the 2024 regional surface mapping and geochemical sampling program across its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada. HIGHLIGHTS: The Program at Madsen was focused on the Confederation Assemblage of rocks, which has remained mostly unexplored until WRLG completed this first phase of work [...]
Sponsored content disseminated on behalf of West Red Lake Gold. On January 21, 2025, West Red Lake Gold Mines reported definition drill results from the McVeigh Zone which contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au. These results follow up on the significant intercepts previously announced on August 12, 2024 and August 27 [...]
West Red Lake Gold Mines Ltd. is pleased to report definition drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release are focused on the high-grade McVeigh Zone. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of Hayley Halsall-Whitney to the role of Vice President Operations. Ms Halsall-Whitney is a Professional Engineer with more than 20 years' experience driving operational excellence at Canadian mining operations. She most recently held the position of General Manager at Wesdome Gold Mines' Eagle River Mine , where she quickly led the operation to record [...]
Sponsored content disseminated on behalf of West Red Lake Gold. On January 7, 2025, West Red Lake Gold Mines announced the results of the long-awaited Pre-Feasibility Study just prior the scheduled mid-2025 restart of its 100% owned Madsen Mine located in northwestern Ontario, Canada. This document is like a panoramic video taken at the starting blocks of a 5K run. It is not a photo of the runner crossing the finish line [...]
West Red Lake Gold is pleased to announce the results of the pre-feasibility study prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada. West Red Lake Gold will hold a conference call on January 8th at 11:00am ET, followed by a question-and-answer [...]
Sponsored content disseminated on behalf of West Red Lake Gold. On January 2, 2025, West Red Lake Gold Mines announced that it has closed a USD $35 million loan agreement with Nebari Natural Resources Credit Fund II LP . "Closing this transaction with Nebari is a major de-risking step and gives West Red Lake access to up to USD$35M of non-dilutive capital, at highly favorable repayment terms which offers us solid [...]
West Red Lake Gold Mines Ltd. is pleased to announce that on December 31, 2024 it entered into a completed credit agreement with Nebari Natural Resources Credit Fund II LP pursuant to which the Company will borrow up to a maximum principal amount of US$35 million to be issued in three tranches of : US$15 million , US $15 million , and US$5 million . Tranche 1 was drawn down on December 31, 2024. The Credit Facility was [...]
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