Tanzanian Royalty Exploration Corp.'s Board of Directors is pleased to announce the entering into subscription agreements for the sale of 3,924,386 common shares raising $885,734 in the aggregate with two investors. The proceeds from the sale of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the Buckreef Project previously announced. The common shares are being offered [...]
Tanzanian Royalty Exploration Corp.'s Board of Directors is pleased to announce the selection of Stamico, and Coreworthy to complete Phase One of our planned Three-Phase Drill Program. Total meters to be drilled in all Phases is expected to amount to approximately 30,000. The Three-Phase Drill Program is being planned and directed by Ulrich Rath, Chair of our Technical Committee. Diagram 1 Diagram 2 1) Phase One will be [...]
Tanzanian Royalty Exploration Corp. is pleased to announce that its shelf registration statement on Form F-3 was declared effective by the Securities and Exchange Commission . The company plans to utilize this shelf registration to conduct additional infill drilling as recommended by our engineers on page 29 of the recently released amended 43-101. This gold drilling program seeks to upgrade listed inferred resources into [...]
TORONTO, July 30, 2018 -- Tanzanian Royalty Exploration Corp. is pleased to announce that it has filed on SEDAR an amended National Instrument 43-101 “Standards of Disclosure for Mineral Projects” pre-feasibility study for the Buckreef Project entitled “Amended National Instrument 43-101 Independent Technical Report Mining Reserve Estimate and Pre-feasibility Study on the Buckreef Gold Mine Project [...]
TORONTO, March 13, 2018 -- Tanzanian Royalty Exploration Corp. is pleased to take this opportunity to provide information regarding the investment climate in the mining industry in the United Republic of Tanzania. "The political and economic climate of Tanzania is exceptionally good for investors in Tanzanian Royalty Exploration Corp.," stated James E. Sinclair, TRX Executive Chairman. "The climate is favourable for [...]
TORONTO, March 01, 2018 -- Tanzanian Royalty Exploration Corp. announces the voting results from its 2018 annual and special meeting held on February 28, 2018. A total of 60,967,489 common shares were voted representing 49.79% of the issued and outstanding common shares of the Company. Shareholders voted in favour of all items of business before the Meeting, as follows: Item Voted Upon Result of Vote Ordinary resolution [...]
Tanzanian Royalty Exploration Corp. is pleased to announce Michael E. Martin has accepted the position of head of Investor Relations for the Company. Mr. Martin has a distinguished career in the Financial Services Industry, which spans more than thirty-seven years. He has extensive experience and knowledge in the precious metals and mining industries. In addition to these specializations, he has a broad base of general [...]
Tanzanian Royalty Exploration Corp. hereinafter is pleased to provide an update on the excellent international relations between the Company and the United Republic of Tanzania, together with an update on the outstanding progress on the Buckreef Project mine layout. "Our relationship with Tanzania is excellent. The dedicated commitment of the Company and the nation of Tanzania have resulted in great progress in our moving [...]
Tanzanian Royalty Exploration Corp. hereinafter reports in an article by John Aglionby published in the Financial Times, "Acacia Mining's shares soared more than 18 per cent on Thursday after its majority shareholder, Barrick Gold, agreed the Tanzanian government would take a 16 per cent stake in its assets in the east African country to end a six-month dispute over the miner's operations." "We believe this settlement is [...]
Tanzanian Royalty Exploration Corp. hereinafter reports that according to a Tanzanian official spokesperson that new laws in Tanzania are not a move toward nationalization of mines. As reported in Tanzania's national newspaper The Citizen on 5 October 2017, Government of Tanzania spokesperson stated there is no truth in reports claiming that the country is moving toward taking over ownership of mines. Spokesman Hassan [...]
TORONTO, Aug. 11, 2017 (GLOBE NEWSWIRE) -- Tanzanian Royalty Exploration Corp. (TSX:TNX) (NYSE MKT:TRX) hereinafter (the "Company") announces that it is not affected by new laws in Tanzania. "The new mining laws in Tanzania appear to be an action to gain a fair share of the financial rewards for the people and nation of Tanzania while still providing incentives to the investors. The proposed legislation is not [...]
Tanzanian Royalty's recently released Mine Feasibility Study (MFS) defines 1.064 million ounces of open pit minable gold, and initiates discussion on development of the underground Mine potential. TORONTO, July 13, 2017 /CNW/ - Tanzanian Royalty Exploration ("TRX" or the "Company") (NYSE: TRX) (TSX: TNX) is providing an update to its shareholders, discussing the findings of its recently completed Mining Feasibility Study [...]
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