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Exploring Mining Podcast 274 - News from (NYSEAmerican: GROY) (TSXV: CVV) (TSXV: INCA) (CSE: CAVU) (TSXV: PGX)

 

Vancouver, Kelowna, Delta, BC - May 17, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.

Exploring Mining has been selected by Feedspot panelist as one of the Top 25 Mining Podcasts on the web.

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Exploring Mining Podcast 274 - News from (NYSEAmerican: GROY) (TSXV: CVV) (TSXV: INCA) (CSE: CAVU) (TSXV: PGX)

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Gold Royalty Corp. (NYSEAmerican:GROY) has announced its operating and financial results for the three and six months ended March 31, 2022. Highlights include record revenues of $0.6 million and $1.2 million for the three and six months, respectively, and a full fiscal year revenue projection of $5 million. David Garofalo, Chairman and CEO of Gold Royalty, commented:

"Our second fiscal quarter of 2022 included several meaningful catalysts for the Company. The acquisition of royalties over the Cote Gold Project and expansion of our royalties in the Beaufor Mine further bolstered our near-term cash flow profile. At the same time, we saw several exciting exploration and development advancements from key assets including Odyssey, REN, Fenelon, Tonopah West, and Whistler."

CanAlaska Uranium Ltd. (TSXV:CVV) has acquired 28,328 hectares of new uranium claims by staking in the western Athabasca Basin. The project, according to the press release, "contains uranium lake sediment anomalies, diabase-related structures in the sandstone, and interpreted hydrothermal alteration zones." The company's CEO, Cory Belyk, said:

"This is another exciting project generated by the CanAlaska team along one of the newest uranium deposit corridors in the Athabasca Basin, already host to almost 500 million pounds of uranium. The uranium market fundamentals have never been better and continue to strengthen as the desire for carbon-free energy continues to grow. Projects such as Taggart are fantastic entry points for companies into the "Saudi Arabia of Uranium" and we look forward to working with a new partner to move this project forward."

Inca One Gold Corp. (TSXV:INCA) has shared production and sales results for the month of April 2022. This was its highest ever monthly sales of approximately $7.2 million (unaudited), which is a 177 percent YoY increase from the April 2021 sales of $2.6 million. The press release cites the higher volume of ore milled and higher spot price for gold as accounting for the sales.

CAVU Mining Corp. (CSE:CAVU) has signed a definitive agreement to option a 51 percent interest in the Star copper-gold porphyry project in northern British Columbia, Canada from Prosper Gold Corp. (TSXV:PGX). Jaap Verbaas, CEO of CAVU, explained:

"The signing of the definitive agreement gives us a path towards full ownership of the Star Project and allows us to start working towards a comprehensive exploration program. This fully permitted and drill-ready porphyry project is a great addition to our portfolio and we are looking forward to starting exploration. The Company has been taking big strides this year with a 5,000 m drill program starting on the Hopper and the acquisition of the Star Project in the Golden Triangle of BC."

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