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Ximen Mining Corp. - xxmmf STOCK NEWS

Welcome to our dedicated news page for Ximen Mining (Ticker: xxmmf), a resource for investors and traders seeking the latest updates and insights on Ximen Mining.

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 Ximen Mining'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 Ximen Mining's position in the market.

News
Ximen Mining Announces Financing
Rhea-AI Summary
Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces a non-brokered private placement of 2.5 million units at $0.18 per unit, generating $450,000. Each unit includes one common share and one transferable common share purchase warrant. The net proceeds will fund exploration expenses and general working capital for the company's British Columbia mineral properties.
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Ximen Mining Closes Financing
Rhea-AI Summary
Ximen Mining Corp. (XIM) closed a non-brokered private placement, issuing 2,500,000 flow through units at $0.20 each, resulting in $500,000 gross proceeds. The net proceeds will be used for exploration expenses on the Company's British Columbia mineral properties. The company also paid cash commissions and issued finder warrants. The financing closed in two tranches, subject to final TSX-V approval.
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Ximen Mining Corp Announces a Clean Electricity Agreement With Energy Plug Technologies Corp
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Ximen Mining (TSX-V:XIM) has announced a two-phase clean electricity generation project with Energy Plug Technologies Corp (CSE: PLUG) and Renewable Energy Power to power the Kenville Gold Mine in Nelson BC. The project includes the installation of lithium-iron phosphate storage batteries connected to solar panels and a 1MW Battery Storage System (BESS) designed to accommodate large compressors, ventilation, and lighting for the mine site. This initiative aligns with Ximen Mining's zero-emission goals and targets a three-year return on investment while taking advantage of Clean Electricity and Clean Energy Tax Credit.
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Ximen Mining Arranges Financing
Rhea-AI Summary
Ximen Mining Corp. (TSX.v:XIM)(FRA:1XMA)(OTCQB:XXMMF) is pleased to announce a non-brokered private placement of 2,500,000 flow through units at $0.20 per share, raising $500,000 for exploration expenses on the Company's British Columbia mineral properties. The flow-through shares will qualify as flow-through shares under the Income Tax Act, with an effective date no later than Dec. 31, 2023. Insiders may participate in the offerings and sell securities through the TSX Venture Exchange.
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Ximen Mining Hole 8 Intersects McKinney Vein Again - Amelia Gold Project - Camp McKinney, BC
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Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces information from its eighth drill hole at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC. The Cariboo-Amelia mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled. Hole AM23-08 intersected the extension of the McKinney vein beneath the eastern end of the historic mine.
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Seventh Drill Hole at Amelia Gold Project Hits Mineralization - Camp McKinney, BC
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Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces initial information from its seventh drill hole at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC. The 2023 drill holes are testing the main McKinney vein beneath the eastern end of the historic mine. A total of 1,846 meters of NQ sized core was drilled. The mineralized intercepts range in core length from 0.26 meters to 0.70 meters and contain pyrite, sphalerite, galena and chalcopyrite. Core samples will be sent for analysis once the geological logging and sampling is completed.
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Ximen Mining Announces Effective Date of Share Consolidation
Rhea-AI Summary
Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) is proceeding with a consolidation of its Common Shares on a 5:1 basis, resulting in 29,942,879 Common Shares issued and outstanding. The consolidation will commence trading on the TSX Venture Exchange on December 4, 2023, without requiring shareholder approval. The exercise or conversion price and the number of Common Shares issuable under the Company's outstanding stock options will be proportionately adjusted upon completion of the Consolidation.
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Ximen Concludes 2023 Drilling at Amelia Gold Project Camp McKinney, BC
Rhea-AI Summary
Ximen Mining Corp. (XIM) has completed its 2023 drill campaign for the Amelia Gold project in Camp McKinney near Rock Creek in southern BC. The company drilled eight NQ-size holes for a total of 2,064 meters and intersected the target vein in five holes. The mineralized intercepts contain pyrite, sphalerite, galena, chalcopyrite, and pyrrhotite. Ximen plans to continue testing the 4-kilometer long system of gold-quartz veins and historic workings at the mine.
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Ximen Mining Corp. Proposes Share Consolidation
Rhea-AI Summary
Ximen Mining Corp. (XIM) proposes a share consolidation on a 5:1 basis to facilitate new equity investment, finance business activities, and marketing efforts. The consolidation will not change shareholders' ownership proportion and is subject to TSX Venture Exchange approval.
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Ximen Mining Airborne Lidar Survey Surrounding Kenville Gold Mine Nelson BC
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Ximen Mining Corp. announces interpretation of LiDAR survey results for its Nelson Property holdings.
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2.44M
27.41M
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