Welcome to our dedicated page for Plato Gold news (Ticker: NIOVF), a resource for investors and traders seeking the latest updates and insights on Plato Gold stock.
Plato Gold Corp. (NIOVF) is a focused mineral exploration company actively developing mining assets in Northern Ontario and Santa Cruz, Argentina. This page serves as the definitive source for all official company announcements and news coverage related to its exploration projects and strategic growth initiatives.
Investors and industry observers will find timely updates on property acquisitions, geological assessments, and operational developments across Plato Gold's portfolio. The curated collection includes press releases covering key areas such as resource exploration progress, land claim expansions, and technical evaluations of mining properties.
Regular updates provide insights into the company's methodical approach to mineral exploration, including its Ruffle Lake Property expansion in Ontario's Thunder Bay Mining District and ongoing assessments of argentinian assets. All content is maintained in strict compliance with financial disclosure standards to ensure reliability.
For those monitoring the junior mining sector, this resource offers organized access to critical updates that may influence investment research and market analysis. Consider bookmarking this page for efficient tracking of Plato Gold's exploration activities and corporate developments in competitive mining jurisdictions.
Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) has closed the acquisition of the Ruffle Lake Property, comprising 42 unpatented cell claims in Ontario. The property, accessible via an all-weather road, is near the Prairie Lake Carbonatite Complex, known for hosting rare earth elements and critical minerals. Initial prospecting revealed two sites with up to 30% P2O5, 4558 ppm yttrium, and anomalous rare earth elements. Plato acquired 100% interest for CAD$20,000 and 2,000,000 common shares, subject to a 3% net smelter return royalty. The company plans detailed radiometric surveys, stripping, trenching, mapping, and sampling to further explore the property's potential for niobium, phosphates, and rare earth elements.
Plato Gold announced a binding agreement to acquire a 100% interest in 42 unpatented cell claims in the Thunder Bay Mining District, Ontario, from the Wahl Group. These claims, known as the Ruffle Lake Property, are contiguous to Plato's Good Hope Niobium Project and are accessible via an all-weather road.
The Ruffle Lake Property, located near the Prairie Lake Carbonatite Complex, has shown promising preliminary results, including high levels of phosphate and rare earth elements. The acquisition terms involve a CAD$20,000 payment and 2,000,000 common shares to the Wahl Group, who will retain a 3% net smelter return royalty, with an option for Plato to purchase 2.5% of this royalty for CAD$2,000,000. The transaction is expected to close on July 9, 2024, pending regulatory approval.
Plato Gold Corp. (TSX-V: PGC; OTCQB: NIOVF; Frankfurt: 4Y7) has announced that Mr. Ernie J. Marcotte has joined its Board of Directors. The announcement was made by the company's President and CEO, Anthony Cohen, who highlighted Mr. Marcotte's extensive experience and expertise in the mining sector.
The company also reported that all proposals were approved by shareholders at the 2024 Annual Meeting held on June 13, 2024. The re-elected directors are Anthony J. Cohen, James E. Cohen, J.J. Elkin, Peter C. Hubacheck, and John H. Paterson.
Mr. Marcotte expressed his enthusiasm about joining Plato Gold and contributing to the development of its properties in Northern Ontario and Santa Cruz, Argentina.
Plato Gold Corp. (TSX-V: PGC, OTCQB: NIOVF, Frankfurt: 4Y7) has released financial results for the first quarter of fiscal 2024. The company, focused on exploration projects in Northern Ontario and Argentina, reported an income of $513 for Q1 2024 compared to $520 in Q1 2023. Net loss and comprehensive loss increased to $52,664 for Q1 2024 from $48,905 in Q1 2023. The loss per common share remained at $0.00, with a weighted average of 228,632,750 common shares outstanding. Plato Gold's portfolio includes gold and niobium projects in Ontario and gold and silver projects in Argentina. For more detailed information, visit www.platogold.com.
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