Welcome to our dedicated page for Almaden Minerals Ltd. news (Ticker: AAU), a resource for investors and traders seeking the latest updates and insights on Almaden Minerals Ltd. stock.
Almaden Minerals Ltd. (AAU) is an exploration-stage mining company focused on discovering gold, silver, and copper deposits in North America. This page aggregates all official press releases and verified news related to the company’s activities, including updates on its flagship Ixtaca (Tuligtic) project in Mexico.
Investors and industry observers will find timely information on exploration results, regulatory developments, and corporate announcements. Content categories include project milestones, financial reporting, strategic partnerships, and technical analysis of mineral findings. Each update is presented in chronological order to provide clear context for the company’s evolving operations.
Bookmark this page for direct access to Almaden Minerals’ latest communications, including drill results interpretation and corporate governance updates. Check regularly for new developments in this dynamic sector of the mining industry.
Almaden Minerals Ltd. (AAU) has appointed Kevin O’Kane and Alfredo Phillips as independent non-executive directors, effective immediately. O’Kane, with nearly 40 years in mining, brings extensive technical and operational expertise, previously serving at SSR Mining. Phillips, head of government affairs at Arcelor Mittal Mexico, has significant experience in the Mexican mining sector and government. Chairman J. Duane Poliquin expressed confidence that their contributions will enhance the Ixtaca Project's potential. Concurrently, board members John McCleary and Gerald Carlson are retiring but will remain as advisors.
Almaden Minerals Ltd. (NYSE American: AAU) has successfully closed a registered direct offering, selling 15,846,154 shares at $0.65 each, along with warrants for 7,923,077 shares at an exercise price of $0.80. The funds will primarily support the Ixtaca project, including permitting, engineering, and exploration efforts. The offering was facilitated by A.G.P./Alliance Global Partners, with all actions compliant under U.S. Securities and Exchange Commission regulations. The company holds the Ixtaca project in Mexico and aims to advance its mining operations.
Almaden Minerals Ltd. (NYSE American: AAU) has entered agreements to sell 15,846,154 shares of its common stock and warrants to purchase 7,923,077 shares at a price of $0.65 per share, amounting to gross proceeds of $10.3 million. The offering is expected to close around March 18, 2021. Funds will primarily be used for permitting, engineering, exploration, and general working capital for the Ixtaca project in Mexico. The offering is made under an effective shelf registration statement and will be facilitated by A.G.P./Alliance Global Partners.
Almaden Minerals Ltd. (NYSE American: AAU) has resumed exploration at its Ixtaca project, focusing on the Southeast Alteration Zone. The area, about 1 km southeast of the main Ixtaca deposit, shows potential through previously identified anomalies and pathfinder elements, suggesting deeper epithermal systems. The recent feasibility study indicated an average annual production of 7.06 million ounces of silver and 108,500 ounces of gold over six years, with a strong after-tax IRR of 42%. This exploration aligns with the company's efforts to submit an updated environmental permit application.
Almaden Minerals Ltd. (NYSE American: AAU) announced plans for the Ixtaca project following the rejection of its initial environmental impact assessment (MIA) by SEMARNAT. The company aims to incorporate additional data for a revised submission, emphasizing the project's potential for sustainable development. CEO Morgan Poliquin highlighted community support and the project's advantages for local areas. Almaden owns 100% of the Ixtaca project, which contains reserves of 1.38 million ounces of gold and 85.1 million ounces of silver, reinforcing its significance in the region.
Almaden Minerals Ltd. (AAU) plans to resume exploration at its Ixtaca project in Mexico, focusing on high-potential targets outside the existing reserves. The feasibility study from December 2018 highlighted robust figures, including 7.06 million ounces of annual silver and 108,500 ounces of gold production over the first six years, with an after-tax NPV of $310 million at a 5% discount rate. The company is currently awaiting permitting outcomes while advancing preparatory exploration activities, aiming to foster local employment opportunities.
Almaden Minerals Ltd. (AAU) reported that the district court in Puebla has dismissed an incident filed by its Mexican subsidiary concerning the suspension of the Ixtaca project's environmental permit application. This decision supports SEMARNAT's authority to continue reviewing the permit independently of ongoing Amparo legal proceedings related to mineral concessions. Almaden is awaiting SEMARNAT's response regarding the impact of this ruling on the permitting process. The Ixtaca project is wholly owned by Almaden, which discovered the Gold-Silver deposit in 2010.
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