American CuMo Mining Corporation has added the Calida Mine Property, mine located in south-eastern Idaho, US, to its portfolio after signing an agreement to earn a 100% interest in eight unpatented claims in the property.

The site has gold, silver and copper deposits.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The agreement gives American CuMo Mining an option to earn 100% interest in the property for ten years. 

"The site has gold, silver and copper deposits."

The company will make an initial payment of $40,000 for the same, which will be followed by further payments every six months.

Australian mining company Excelsior Gold has completed a private placement of new shares at a price of A$0.021 ($0.015) a share.

The issue included 105.7 million shares to raise gross proceeds of A$2.2m ($1.65m), which will be invested to support the production from the Zoroastrian open-pit, and for contingencies.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Mining Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Mining Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now