Welcome to our dedicated page for Big Ridge Gold news (Ticker: ALVLF), a resource for investors and traders seeking the latest updates and insights on Big Ridge Gold stock.
Big Ridge Gold Corp reports exploration and development updates for its Canadian gold project portfolio. The company owns a 100% interest in the Hope Brook Gold Project in Newfoundland and Labrador, along with the Oxford Gold Project in Manitoba and the Destiny Gold Project in Quebec.
Recurring news for ALVLF includes Hope Brook work programs, geotechnical and hydrogeological drilling, infill and exploration drilling, metallurgical testing, preliminary economic assessment activity, project ownership updates, partner activity at Destiny, warrant exercises, option and share-based compensation grants, and shareholder-meeting results.
Michael Gentile, CFA has announced the acquisition of 4,000,000 common shares and 2,000,000 share purchase warrants of Big Ridge Gold Corp (OTC:ALVLF). Prior to this transaction, Gentile owned 22,626,500 shares representing 9.85% ownership. Following the acquisition, his holdings increased to 26,626,500 shares and 2,000,000 warrants, representing 9.87% undiluted and 10.53% partially diluted ownership of the company.
The investment was made with a long-term perspective, and Gentile may further adjust his position through market or private transactions based on market conditions and other factors.
Big Ridge Gold Corp. (OTCQB: ALVLF) has successfully completed an upsized non-brokered private placement, raising $5.25 million through the issuance of 42 million common share units at $0.125 per share.
Each unit includes one common share and half a warrant, with whole warrants exercisable at $0.20 per share until November 25, 2027. The company paid $175,000 in cash compensation and issued 1.4 million finder warrants to PowerOne Capital Markets Limited.
The proceeds will be used to acquire the remaining 20% stake in the Hope Brook Gold Project and for general working capital purposes. The securities are subject to a four-month hold period ending November 26, 2025.
Big Ridge Gold Corp (OTCQB: ALVLF) has increased its previously announced private placement offering from $5 million to $5.25 million. The upsized offering consists of 42 million units priced at $0.125 per unit, with each unit comprising one common share and half a warrant.
Each warrant can be exercised at C$0.20 per share within 24 months of the closing date. The proceeds will primarily fund the acquisition of the remaining 20% stake in the Hope Brook Gold Project and provide working capital. The transaction requires regulatory and TSX Venture Exchange approval.
Big Ridge Gold Corp (OTCQB: ALVLF) has announced a significant private placement and acquisition deal. The company plans to raise up to $5.0 million through a private placement of 40 million units at $0.125 per unit, with each unit comprising one common share and half a warrant exercisable at $0.20 for 24 months.
Additionally, Big Ridge has agreed to acquire the remaining 20% stake in the Hope Brook Gold Project from First Mining Gold Corp for $3.0 million in cash and 7 million common shares. The transaction will give Big Ridge 100% ownership of the project, positioning it to maximize value in this tier-one jurisdiction.
The private placement, supported by Michael Gentile and PowerOne Group, is expected to close around July 25, 2025, subject to regulatory approvals.
Big Ridge Gold Corp (OTCQB: ALVLF) has announced positive results from its ore sorting study at the Hope Brook Gold Project in Newfoundland and Labrador. The study, conducted by Tomra and the Saskatchewan Research Council (SRC), demonstrated successful identification and rejection of unmineralized material, which currently comprises about 25% of the resource estimate mineral envelopes.
Using a TOMRA COM Tertiary XRT System with a density factor of H85, the study processed 69.0 kg of Hope Brook material. The sorting system effectively removed 19.15 kg of waste, representing 27.8% of tested material and 73.4% of identified zero-grade samples. This breakthrough in waste material separation is expected to significantly impact future economic studies of the project by optimizing mill process and tailings management designs.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has provided a corporate update highlighting key achievements in 2024 and objectives for the Hope Brook Gold Project (HBGP) in Newfoundland and Labrador. The company successfully finalized an 80% earn-in at HBGP while reducing required project expenditures by approximately $6 million.
Key accomplishments include completing environmental baseline work, initiating ore sorting and copper/gold deportment studies, and conducting field programs on the southwest extensions of the Main and 240 Zones. Geophysical results established several kilometers of new drill targets southwest of the current resource estimate.
Future steps include releasing exploration results from the 2024 field program, finalizing drill targets on newly defined extensions, providing updates on ore sorting and deportment study results, and completing the Environmental Baseline Report.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) announces its reliance on CSA Coordinated Blanket Order 51-931 for exemption from sending proxy-related materials for its upcoming Annual General Meeting on December 23, 2024. This decision comes due to the ongoing Canadian Union of Postal Workers strike that began November 15, 2024.
Meeting materials are available on SEDAR+ and the company's website. Shareholders can access materials online or contact CFO Jim Kirke for electronic copies. The meeting will vote on: setting five directors, electing directors, and appointing Davidson & Company LLP as auditors.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has entered into a binding Option Agreement with Caprock Mining Corp for its Destiny gold property in Quebec. Under the agreement, Caprock can earn 100% interest through:
- 8,000,000 common shares issuance by April 2, 2025
- Staged cash payments totaling $750,000
- Share issuances worth $1.3 million
- Exploration expenditures of $1.95 million over three years
Big Ridge will retain a 1% net smelter return royalty, which Caprock can buy back for $1.0 million. The property is located 75km northeast of Val d'Or, Quebec.
Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has announced that due to the ongoing Canadian postal strike, materials for its upcoming Annual General Meeting on December 23, 2024, are available on www.sedarplus.ca and the company's website. Shareholders can access materials online or contact the CFO for electronic copies. The company's transfer agent, Computershare, will email voting instructions to registered shareholders. Both Non-Objecting and Objecting Beneficial Shareholders can obtain voting materials through specified channels. Additionally, the company announced that Board Chair Dr. Bill Williams will not seek re-election.
Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has provided an update on its exploration activities at the Hope Brook Gold Project (HBGP) in Southern Newfoundland. The company is continuing its systematic exploration program along highly prospective gold-bearing structures southwest of the Main and 240 Zones. Key points include:
1. Geophysical interpretation of 2023 surveys, including walking magnetometer and DC Induced Polarization surveys.
2. Identification of parallel high chargeability anomalies correlating with the Hope Brook Main Deposit and 240 Zone.
3. Field reconnaissance work in July and August 2024, focusing on the Chetwynd Prospect area.
4. Preparation for a 2025 drill program, with ongoing exploration in the Hope Brook Deformation Zone.
The company aims to define robust drill targets for 2025, focusing on a 5 km section of the Cinq Cerfs Deformation Zone.