SRG Mining Inc. is pleased to announce that, pursuant to its Stock Option Plan and subject to regulatory acceptance, it has granted an aggregate total of 1,108,493 incentive stock options to certain directors, officers and consultants of the Company, subject to certain vesting provisions. These options will be exercisable at a price of $0.37 per common share and will expire on May 11, 2030. About SRG Mining SRG Mining is [...]
SRG Mining is pleased to announce that DRA Global has been selected as the provider of Engineering, Procurement and Construction Management services for SRG's Lola Graphite Project in Guinea. This selection is the result of a competitive tender process where several international engineering firms were invited and responded with qualifying and attractive proposals. Over the past three years, DRA has assisted SRG with the [...]
SRG Mining Inc. is pleased to provide a market update on its ongoing operations. First and foremost, as part of the worldwide effort to fight the spread of the COVID-19 pandemic, SRG is committed to the health and safety of its employees and stakeholders and has taken all necessary and recommended best practices to respond dynamically and proactively to this threat. The Company is therefore taking proactive measures to [...]
SRG Mining Inc. is pleased to announce the closing of the second tranche of a non-brokered private placement that was originally announced on Thursday March 5. Together with the first tranche, the Company has issued a total of 4,788,000 units of SRG at a price of $0.50 per Unit for gross proceeds of CAD$2,394,000. Each Unit is comprised of one common share of the Company and one non?transferable share purchase warrant [...]
SRG Mining Inc. is pleased to announce the closing of the first tranche of a non-brokered private placement. The Company has issued a total of 3,894,000 units of SRG at a price of $0.50 per Unit for gross proceeds of CAD$1,947,000. Based on current market demand and ongoing discussions with investors, the Company expects to close on a second tranche of the Private Placement, in an amount to be determined, within the next [...]
SRG Mining Inc. today provides an update on recent activities related to its Lola graphite project. After two years of work on sales agreements, the Company has signed four, three-year firm off-take agreements for a total of 89,000t over that period. These agreements represent approximately 60% of the Company's anticipated production over that period. Our clients operate in various markets including refractories [...]
SRG Mining Inc. today is pleased to announce it has been formally awarded the mining permit for its Lola graphite project near the town of Lola in eastern Guinea, West Africa. The fifteen year renewable permit was officially granted by the Government of Guinea through presidential decree in conformity with the Company's request of March 22, 2019. "We are very pleased with the efforts and professionalism demonstrated by [...]
SRG Mining Inc. today announced that Coris Capital SA has filed an early warning report regarding the exercise of 1,125,000 share purchase warrants at a price of $0.50 per warrant share , thereby securing beneficial ownership of, or control and direction over an additional 1,125,000 common shares . Mr. Abdoul Aziz Nassa, General Director of Coris, stated "we strongly believe in the fundamentals of the electrification of [...]
SRG Mining Inc. today provides an update on recent activities related to its Lola graphite project . "We continue to progress on the development of our Project with several work streams currently ongoing. We are diligently proceeding towards achieving our ultimate goal of building a mine and concentrator capable of producing 54,000tpa of high-quality graphite flakes, in best possible timeframe, and in the best interest [...]
SRG Mining Inc. is pleased to announce that today, it has filed the Feasibility Study for the development of the Lola graphite project in the Republic of Guinea, West Africa, for which the results were announced on July 4th, 2019. The FS was prepared by Montréal-based DRA/Met-Chem, a division of DRA Americas Inc. . All dollar figures are in United States dollars. The following lists the highlights of the FS [...]
SRG ENTERS INTO US$5,000,000 SRG Mining Inc. is pleased to announce that a US based industrial firm with significant experience in West Africa has entered into a Share Purchase Agreement to acquire 8,300,000 of the 24,658,267 common shares held by Sama Resources Inc. in the share capital of SRG, for an aggregate purchase price of US$5,000,000 . The Sale shall occur in five equal, monthly tranches and is expected to [...]
SRG Mining Inc. is pleased to announce the results of its Feasibility Study for the development of the Lola graphite project in the Republic of Guinea, West Africa. The FS was prepared by Montreal-based DRA/Met-Chem, a division of DRA Americas Inc. . All dollar figures are in United States dollars. The FS was officially started in September 2018 and has been produced with the input of numerous engineering and consulting [...]
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