Ximen Mining - XXMMF STOCK NEWS

Ximen Mining Corp (OTCQB:XXMMF) has received the draft Mines Act Permit for its Kenville Gold Mine in British Columbia from the provincial government. This is the second draft permit, following a draft Environmental Permit earlier this month. The Mines Act Permit allows for significant underground development activities, including the establishment of the Venango Portal and 20,250 meters of exploration drilling. The Company anticipates final approval shortly, contingent upon meeting specific conditions such as posting a reclamation security of $103,800 and completing various engineering and monitoring plans. Ximen aims to advance towards a sustainable mining operation.

Ximen Mining Corp (OTCQB: XXMMF) has successfully closed a non-brokered private placement, raising $180,000 through the issuance of 1,200,000 flow-through units at a price of $0.15 per unit. Each unit includes one common share and a warrant allowing the purchase of additional shares at Cdn$0.20 for five years. This offering is still pending approval from the TSX-V and has a hold period expiring on June 11, 2023. The company, focused on high-grade gold assets in southern BC, aims to develop its Kenville Gold Mine while minimizing debt and shareholder dilution.

Ximen Mining Corp (TSXV:XIM)(OTCQB:XXMMF) announced a non-brokered private placement of 1,200,000 flow-through shares at $0.15 per share, totaling $180,000 in gross proceeds. The funds will be allocated for exploration activities in British Columbia. Each flow-through share includes a common share purchase warrant exercisable at Cdn$0.20 for 60 months. The offering is subject to TSX-V approval and may involve a finder's fee. Insiders may participate in the offering. The company's focus is on high-grade gold assets, advancing the Kenville Gold Mine, with ambitions for sustainable mining practices.

Ximen Mining Corp (OTCQB:XXMMF) has successfully closed a private placement, raising $720,000 by issuing 8 million units at a price of $0.09 per unit. Each unit comprises one common share and one transferable warrant, with an exercise price of $0.20 valid for 60 months. The company will use the net proceeds for exploration of its British Columbia mineral properties and general working capital. The offer included commissions to Canaccord Genuity Corp and EMD Financial Inc, totaling $5,040 in cash and finder warrants. The closing is pending final approval from the TSX-V.

Ximen Mining Corp. (OTCQB:XXMMF) announced a non-brokered private placement of 8 million units priced at $0.09 each, aiming to raise gross proceeds of $720,000. Each unit consists of one common share and a purchase warrant, exercisable at $0.20 for 60 months. If shares trade at $0.25 for 10 consecutive days, the warrants may be accelerated. The funds will be used for exploration of mineral properties in British Columbia and general working capital. The closing is anticipated around January 31, 2023, subject to TSX Venture Exchange approval. The offering is restricted to a four-month hold period.

Ximen Mining (OTCQB:XXMMF) is advancing underground mine exploration at its Brett epithermal gold property in southern British Columbia, after surface exploration delays due to the pandemic and natural disasters. The development aims to enhance drilling access to the mineral-rich Main Zone and explore parallel structures. A permit application for the project is currently under review. Historical data indicates high gold grades, with notable intersections of up to 69.52 g/t gold. Shares are trading at $0.13, reflecting ongoing interest in the company's strategic development plans.

Ximen Mining Corp (OTCQB: XXMMF) has submitted final responses for its environmental permit and is in talks with the Ministry of Environment and Climate Change to finalize all issues. The issuance of the final environmental permit is anticipated post-review. The company has also completed submissions for the Mines permit and expects a draft permit shortly. Communication with authorities has been positive, signaling progress. Ximen owns three precious metal projects in southern BC, including the Kenville Gold Mine, and is committed to advancing these projects.

Ximen Mining Corp (OTCQB: XXMMF) is advancing underground mine exploration at its Brett Property near Vernon, BC. The development plan includes diamond drill stations and 200-meter drift access for underground drilling aimed at exploring mineralized zones. A permit application is under review, with required plans for environmental management submitted. Historical drilling at the Brett property has identified multiple high-grade gold zones, with notable past results such as 25.24 grams per tonne over 8.62 meters. Ximen's commitment to the exploration process may enhance investor confidence.

Ximen Mining Corp (OTCQB: XXMMF) announced the receipt of the first draft of an environmental permit for the Kenville Gold Mine. The draft permit, received on December 23, 2022, is primarily in order, with outstanding items focused on clerical revisions. The company anticipates finalizing this process soon, paving the way for the issuance of the Final EMS Permit. Ximen is also awaiting a second permit draft from the mines department. The company is actively working to complete the necessary digital documentation for bond determination and permit boundary definition.