Chibougamau Independent Mines, herein called Chibougamau, wishes to inform shareholders that per the agreement with TomaGold Corp. dated August 11, 2023, Chibougamau has received the initial cash and share payments. In addition, Chibougamau has received the first anniversary shares payment but, due to market conditions, has extended both the required first anniversary $50,000 cash and $600,000 work expenditure requirement [...]
Chibougamau Independent Mines and Globex Mining Enterprises are pleased to provide an update as regards the Mont Sorcier Iron Project. Chibougamau maintains a 2% Gross Metal Royalty on all mineral production from the property and Globex maintains a 1% Gross Metal Royalty on iron produced from the property. As a reminder, the Mont Sorcier Iron Deposit is a 678.5 Mt Indicated Resources and 546.6 Mt Inferred Resources [...]
Chibougamau Independent Mine regrets to inform shareholders that TomaGold Corporations and Chibougamau have mutually agreed today to terminate the letter of intent dated August 11, 2023 pursuant to which TomaGold had an option to acquire Chibougamau's East Block, comprised of 127 mining claims in McKenzie, Obalski, Roy and Lemoine Townships, Québec, as announced on August 14, 2023 and extended as announced in press [...]
Chibougamau Independent Mines wishes to inform shareholders that TomaGold Corporation have announced in a press release today, that they are finalizing the financing to acquire Chibougamau's East Block of copper-gold properties. In order to allow TomaGold to complete the complicated procedures of legal and regulatory paperwork and approvals, Chibougamau has extended the date to finalize the transaction to April 30, 2024 [...]
Chibougamau Independent Mines wishes to inform shareholders that Chibougamau has extended the "Option to Purchase" accorded to Tomagold Corp. by 45 days to allow completion of due diligence and secure financing to acquire Chibougamau's East Block of advanced copper-gold properties. The initial transaction was announced in press releases dated August 14, 2023 and September 13th, 2023. This press release was written by Jack [...]
Chibougamau Independent Mines is pleased to inform shareholders that Cerrado Gold Inc. has announced that it has "completed the tender process for its Export Credit Agency Supported Non-Recourse Project Financing, and expects to complete the on-boarding and appointment process within the next few weeks." Cerrado has chosen an international bank to act as Mandated Lead Arranger for the Mont Sorcier Iron-Vanadium project in [...]
Chibougamau Independent Mines is pleased to inform shareholders that TomaGold Corporation has deposited $500,000 in the bank account of Chibougamau as required. Under the option agreement for the West Block of claims TomaGold deposited $300,000, the first-year option payment. Also, per the Letter of Intent, $200,000 was deposited related to an exclusive six-month due diligence period to study the East Block of claims [...]
ROUYN-NORANDA, Québec, Sept. 13, 2023 -- Chibougamau Independent Mines Inc. is pleased to announce that the Option Agreement announced on August 14, 2023 with TomaGold Corporation pursuant to which Chibougamau granted TomaGold an option to acquire the West Block, comprised of 99 claims in Barlow and McKenzie Townships, Québec, has been approved by regulators. In order to exercise its option and acquire a 100% interest in [...]
ROUYN-NORANDA, Québec, Aug. 15, 2023 -- At the request of the TSX Venture Exchange, Chibougamau Independent Mines Inc. wishes to clarify that it may be necessary for Chibougamau to apply to the Exchange for approval of the previously-announced Mining Option Agreement with TomaGold Corporation , pursuant to which TomaGold may acquire a 100% interest in the West Block, comprised of 99 claims in Barlow and McKenzie [...]
Chibougamau Independent Mines is pleased to announce that it has entered into a definitive Option Agreement with TomaGold Corporation on August 11, 2023 pursuant to which Chibougamau has granted TomaGold an option to acquire the West Block, comprised of 99 claims in Barlow and McKenzie Townships, Québec. In order to exercise its option and acquire a 100% interest in the West Block, TomaGold must make cash payments to [...]
Chibougamau Independent Mines is pleased to inform shareholders that Cerrado Gold Inc. has announced acceptance of an Expression of Interest from the UK Export Credit Agency to provide up to four hundred and twenty million dollars of support for the Mont Sorcier Iron Vanadium project located just east of Chibougamau Quebec. Chibougamau Independent Mines holds a 2% Gross Metal Royalty on all production from the property [...]
Chibougamau Independent Mines announces that it has granted incentive stock options to certain directors and officers of the Company to purchase up to 1,800,000 common shares in the capital stock of the Company under its share option plan. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.10 and will expire on February 8, 2028. The options granted are subject to the [...]
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