Almadex Minerals Ltd. and its 100% owned subsidiary Almadex Royalties Limited, is pleased to announce the completion of the previously announced sale of its 2% net smelter return royalty on the Elk Property to Star Royalties Ltd. , as further described in the Company's press release of September 28, 2021. Almadex currently has approximately CAD$16.5 million in cash and holds approximately 2.3% of the issued and [...]
Almadex Minerals Ltd. and its 100% owned subsidiary Almadex Royalties Ltd., is pleased to announce that it has entered into a definitive agreement regarding the sale of the 2.0% NSR royalty on the Elk Gold Project, located near Merritt, B.C. to Star Royalties Ltd. for total consideration of US$10.63 million . The consideration payable upon closing includes US$10 million in cash and the issuance to Almadex of 1,659,304 [...]
Almadex Minerals Ltd. is pleased to provide an update on the 1.5% NSR royalty the Company holds on the Caballo Blanco project , located in Veracruz, Mexico. On September 22, 2021, the operator of the Caballo Blanco project, Candelaria Mining Corp. , announced that it had closed the first tranche of a financing in the amount of approximately $7.9 million. Agnico Eagle Mines Ltd. subscribed for approximately $6 million of [...]
Almadex Minerals Ltd. reports that the option agreement it announced on September 14, 2020 with Makara Mining Corp. , regarding the Davis/Paradise Valley property located in Nye County, Nevada, has been terminated by the Company in accordance with its terms. Almadex consolidated the Davis/Paradise Valley area during 2019 by optioning from the underlying owners the Davis property, which adjoins the Paradise Valley property [...]
Almadex Minerals Ltd. is saddened to report that Mr. William J. Worrall, Q.C., Director of Almadex, passed away unexpectedly this weekend. Bill served as highly valued corporate counsel to Almadex since its inception. Duane Poliquin, Chairman of Almadex, said, "Bill has been a good friend and highly trusted and valuable Board member for many years. His sage advice will be sorely missed." All of Almadex would like to [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees, and consultants of the Company to purchase an aggregate 757,800 common shares in the capital of the Company at an exercise price of $0.30 per share which expire on July 8, 2023. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of [...]
Almadex Minerals Ltd. is pleased to provide an update on the 2.0% NSR royalty the Company holds on the Elk project , located near Merritt, B.C. Gold Mountain Mining Corp. continues to report significant progress on its drilling, mine planning and permitting work at Elk. On April 14, 2021, GMTN announced results from the down-dip portion of its Phase 1 drill program at Elk. Highlights of the results include the following [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, officers, and consultants of the Company to purchase an aggregate 3,189,200 common shares in the capital of the Company at an exercise price of $0.26 per share which expire on May 11, 2023. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting [...]
Almadex Minerals Ltd. is pleased to provide an update on activities commenced and planned for the coming year at its mineral properties in British Columbia, Nevada, and Mexico. Duane Poliquin, Chairman of Almadex, stated "We expect 2021 to be an exciting year for Almadex. Several of our directly owned and optioned properties could be drilled this year, pending receipt of the necessary permits and allocation of budgets by [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors and officers of the Company to purchase an aggregate 330,000 common shares in the capital of the Company at an exercise price of $0.21 per share which expire on December 23, 2022. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects [...]
Almadex Minerals Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 5,400,000 units at $0.25 per Unit . Each Unit consisted of one common share of the Company and one non-transferable common share purchase warrant . Each Warrant allows the holder to purchase one common share of the Company at a price of $0.40 per share until October 16, 2022. The [...]
Almadex Minerals Ltd. is pleased to announce a proposed non-brokered private placement financing of up to 5,400,000 units to raise approximately $1,350,000 at a price of $0.25 per Unit. Each Unit will consist of one common share of the Company and one whole non-transferable common share purchase warrant, each whole share purchase warrant entitling the holder thereof to purchase one common share of the Company at a price [...]
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