Portofino Resources Inc. announces that it is arranging a non-brokered private placement financing for up to $1,000,000 priced at $0.04 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 24 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of $0.06 during the first year and $0.10 during the second [...]
Portofino Resources Inc. reports that pursuant to the Company's filing and request, an injunction has been granted by the Mining Court for the Province of Catamarca against Mr. Fabian Bertetto, the Optionor of the Yergo Project in Catamarca, Argentina . The Court ordered injunction has also been filed with the Provincial Ministry of Mining. The granting of this Injunction by the Court is a positive step for the Company as [...]
Portofino Resources Inc. is applying to the TSX Venture Exchange for a one-year extension of 6,305,000 common share purchase warrants set to expire on November 09, 2022. The warrants are exercisable into common shares of the company at a price of $0.15 per share and were issued pursuant to a non-brokered private placement consisting of 6,305,000 common share units at a price of $0.10 per unit that closed on Nov. 09, 2020 [...]
Portofino Resources Inc. is pleased to announce that its geological team has mobilized to the Allison Lake North property to follow-up on the Company's 2021 channel and grab sampling programs that reported encouraging values of up to 412 ppm lithium and 1040 ppm rubidium. Recently completed high-resolution magnetic heli-borne survey results combined with Portofino's previous sampling and mapping efforts will be [...]
Portofino Resources Inc. announces that it has received a Notice of Termination from Mr. Fabian Bertetto, the claim owner and Optionor of the Yergo Project in Catamarca, Argentina, regarding the April 2019 Binding Letter Option Agreement and the May 2021 Binding Letter Agreement Addendum . The Notice purports to terminate the Agreements. The Company has immediately and forcefully responded to Mr. Fabian Bertetto that [...]
Portofino Resources Inc. is pleased to announce that it has received results from a property wide high-resolution helicopter-borne magnetometer geophysical survey completed by Prospectair Geosurveys, on the Allison Lake North property . The survey comprised 406 line-kilometers of high-resolution mag with GPS controlled 50-meter line separations. The objective of the survey was to identify structural weaknesses, geological [...]
Portofino Resources Inc. reports that its geological team has been mobilized to the Greenheart Lake and McNamara Lake lithium properties and has commenced a mapping, sampling, and reconnaissance exploration program. The GL Property comprises approximately 1,200 hectares and the ML Property approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern [...]
Portofino Resources Inc. wishes to report that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting held Wednesday September 7, 2022, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G. Tafel, Stephen J. Wilkinson and Brian Crawford. Manning Elliott LLP [...]
Portofino Resources Inc. is pleased to announce that an official Resolution from the Minister of Water, Energy and Environment of Catamarca province has been issued. The Resolution includes reference to an underlying report that details commercial activity guidelines within the southern part of the province and authorizes exploration and drilling at the Yergo Lithium Project . The Resolution issuance has been deemed to be [...]
Portofino Resources Inc. is pleased to announce the execution of a definitive collaboration agreement with Recursos Energeticos y Mineros De Salta S.A. , the state-owned mining company of the Province of Salta, Argentina. The agreement provides Portofino with the opportunity to earn a majority interest in an 8,445-hectare concession within the Arizaro lithium salar which is located in the heart of the world-renown [...]
Nancy Massicotte interview with David Tafel, CEO of Portofino Resources Inc. live at the PDAC 2022 in Toronto, Ontario. The Prospectors & Developers Association of Canada is the leading voice of the mineral exploration and development community, an industry that supports 719,000 people in direct and indirect employment and contributes $106 billion to Canada's GDP every year. Representing over 6,000 members around the [...]
Portofino Resources Inc. is pleased to report on its Argentina lithium projects' status and provide the following progress and actions updates: Yergo Lithium Project, Catamarca The Company reports that following initial filing of an Environmental Impact Assessment associated with a drilling permit application , extensive consultation and dialogue with the Catamarcan provincial Ministries of Environment and Mining have [...]
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