Welcome to our dedicated page for Pacific Bay Mine news (Ticker: PBMFF), a resource for investors and traders seeking the latest updates and insights on Pacific Bay Mine stock.
Pacific Bay Mine (PBMFF) provides investors and industry observers with essential updates through this centralized news hub. Track verified developments across the Company's mineral exploration projects, including rare earth element initiatives in British Columbia and gold prospecting activities in Brazil.
This resource delivers timely updates on geological findings, corporate milestones, and exploration methodologies. Users will find official announcements regarding:
• Project advancements at key sites like Sphinx Mountain and Pereira-Velho
• Technical reports featuring geophysical survey results and sampling analyses
• Strategic updates on property acquisitions and exploration partnerships
• Regulatory filings and operational transparency disclosures
All content reflects Pacific Bay Mine's commitment to rigorous exploration standards and data-driven decision making. Bookmark this page for direct access to primary source materials supporting informed analysis of the Company's progress in mineral resource development.
Pacific Bay Minerals (TSXV: PBMFF) has appointed Elton L.S. Pereira as Vice President Exploration. Mr. Pereira, a Brazilian geologist, brings extensive international experience in mining exploration. He led the development of Brazauro Resources Corp.'s Tocantinzinho Gold Project in Brazil, which was sold to Eldorado Gold Corp. in 2010. He also spearheaded the discovery of TriStar Gold's Castelo de Sonhos gold project and has recently worked on nickel-copper-cobalt deposits in Bahia State, Brazil.
The appointment aligns with Pacific Bay's new focus on acquiring precious metal and critical mineral exploration projects in Brazil. As part of his compensation, Mr. Pereira will receive 500,000 incentive stock options at an exercise price of $0.05 per share, expiring in 3 years.
Pacific Bay Minerals announced that it will not proceed with the remaining balance of its non-brokered private placement initially announced on March 18 and 26, 2024.
The first tranche closed on May 13, where 2,600,000 units were issued at $0.05 per unit and 1,178,144 flow-through units at $0.07 per unit, generating a total of $212,470 in gross proceeds.
On May 13, 2024, Pacific Bay Minerals announced the closing of the first tranche of its non-brokered private placement, generating gross proceeds of $212,470. The tranche included 2,600,000 Hard Units at $0.05 each and 1,178,144 Flow-Through Units at $0.07 each. Each unit features one common share and one warrant. The funds will support the exploration of critical mineral projects in British Columbia and cover general corporate expenses. Insiders acquired a portion of these units, which qualifies as a 'related party transaction.' Regulatory approvals, including final TSXV approval, are pending.
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