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PALAMINA CORP ORD - $PLMNF STOCK NEWS

Welcome to our dedicated page for PALAMINA ORD news (Ticker: $PLMNF), a resource for investors and traders seeking the latest updates and insights on PALAMINA ORD stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PALAMINA ORD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PALAMINA ORD's position in the market.

Rhea-AI Summary
Andrew Thomson files an early warning report disclosing the purchase of 77,000 common shares of Palamina Corp, bringing his total ownership to 11.4% on an undiluted basis. The shares were acquired for investment purposes, and Thomson may acquire more shares in the future depending on various factors.
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-6.56%
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Rhea-AI Summary
Palamina Corp. appoints Alvaro Fernandez-Baca as V.P. Exploration and adds Hall Stewart and Jerry Blackwell as advisors. The company aims to enhance its discovery team in Peru to advance gold and silver copper projects. Fernandez-Baca and Stewart bring extensive exploration experience, with 1.1 million stock options issued to them under Palamina's stock option plan.
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Palamina Corp. completes field program at Usicayos Gold Project, identifying four mineralized targets in the SDO zone. Drilling scheduled to commence in Q2 2024. Results from channel sampling program show promising gold mineralization. Palamina well-funded for upcoming drill campaign.
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End-of-Day
-8.99%
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Rhea-AI Summary
Palamina Corp. (PLMNF) will be present at the PDAC Convention in Toronto from March 3 to March 6, 2024.
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Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) grants 1,585,000 incentive stock options to officers, directors, advisors, and consultants under its Stock Option Plan, exercisable at $0.15 per common share.
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Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) received a non-dilutive payment of $3,625,000 from equity/royalty partner Winshear Gold Corp. (TSXV: WINS), resulting in a return of capital of CDN$0.25 per share to Winshear shareholders. Palamina continues to hold 14,500,000 common shares of Winshear, representing 15.4% of their outstanding shares. Both companies now have in excess of $3M each to carry out meaningful drill programs in 2024, with flagship gold projects located in the Puno Orogenic Gold Belt in Peru. Palamina also retains a 2% NSR royalty on all Winshear projects and holds a significant land bank of gold projects in the same region. Winshear's settlement with the Republic of Tanzania and subsequent cash distribution to its shareholders has positioned Palamina shareholders well for success in 2024.
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Palamina Corp.'s equity/royalty partner, Winshear Gold Inc., has declared a return of capital of CDN$0.25 per share to shareholders. Palamina intends to exercise its warrants in Winshear to hold 14,743,000 shares. Both companies are well financed for drill discovery programs on their gold projects in Peru.
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Palamina Corp's equity partner, Winshear Gold, has received a $30 million settlement payment from the Tanzanian Government for the expropriation of its SMP gold deposit in Tanzania. Palamina holds a significant share position in Winshear and a 2% NSR on its projects in Peru.
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Palamina Corp. holds 18.5% share position in Winshear Gold Corp., Winshear and Tanzania suspend arbitration proceedings and reach conditional settlement agreement
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22.65%
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Palamina Corp. receives US$50,000 AR payment from Winshear Gold Corp.
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-0.85%
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PALAMINA CORP ORD

OTC:PLMNF

PLMNF Rankings

PLMNF Stock Data

7.29M
54.14M
27.08%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto