Mongoose Mining Ltd. announces that its Board of Directors approved today a grant of stock options under the Company's share-based compensation program. Grant Terms The Company granted a total of 2,550,000 stock options to directors and certain officers and a consultant. Each stock option is exercisable into one common share of the Company at an exercise price of $0.065 per share for a period of one year until January 6 [...]
Mongoose Mining Ltd. announces that its Board of Directors has approved a refocusing of the Company's primary exploration and evaluation activities from Iron-Oxide-Copper-Gold mineral systems to the evaluation and confirmation of natural hydrogen as a potential subsurface resource, within the Company's existing Nova Scotia land package. Strategic Rationale The Company's decision reflects the convergence of three principal [...]
Mongoose Mining Ltd. is pleased to announce that it has closed the previously announced non-brokered private placement for total gross proceeds of $130,000. Amended Offering Terms Under the amended terms of the Offering, the Company issued: 1,800,000 flow-through shares at a price of $0.05 per share for gross proceeds of $90,000; and 800,000 common shares at a price of $0.05 per share for gross proceeds of $40,000 [...]
Mongoose Mining Ltd. is pleased to announce that it has been awarded a $100,000 shared funding grant through the Nova Scotia Mineral Resources Development Fund . The Company would like to thank the Government of Nova Scotia for this support, which is awarded based on the geological significance of projects and their potential to advance exploration targets in the province. Advancing a Promising IOCG Target The Mount Thom [...]
Mongoose Mining Ltd. is pleased to announce that it has continued from the laws of the province of British Columbia to the laws of the province of Ontario pursuant to the Business Corporations Act as of August 12, 2022. The continuance was approved by a special resolution of shareholders at the Company's Annual General & Special Meeting held on June 14, 2022. No action will be required by existing shareholders with [...]
Mongoose Mining Ltd. is pleased to announce the voting results from its Annual General and Special Meeting of holders of common shares of the Company held on June 14, 2022 . All the matters put forward before Shareholders for consideration and approval as set out in the Company's management information circular dated May 9, 2022 were approved by the requisite majority of votes cast at the Meeting. In particular [...]
Mongoose Mining Ltd. is pleased to announce an update on exploration at their projects in Nova Scotia and New Brunswick, Canada. In Nova Scotia, the Company remains focused on the exploration of its IOCG properties along the Cobequid Chedabucto Fault Zone. Iron-Oxide Copper Gold deposits are known for their significant concentrations of copper and gold ores hosted in iron-oxide assemblages. Other commodities associated [...]
Mongoose Mining Ltd. is pleased to announce that it has granted 850,000 incentive stock options to Directors. The purpose of the grant is to help motivate and retain individual Directors and to strengthen the alignment of the Board's interests with shareholders. The options, which vest quarterly over a period of two years, are each exercisable at $0.30 per share over a period of five years. Following the grant, the [...]
Mongoose Mining Ltd. is pleased to announce that it has appointed Richard Pinkerton as its new Chief Financial Officer, effective immediately. Richard Pinkerton holds Chartered Professional Accountant and Chartered Financial Analyst designations and has over twenty-five years experience working with public companies in progressively senior financial roles. Mr. Pinkerton also serves as CFO of [...]
Mongoose Mining Ltd. announces that it has changed its auditors from MNP LLP to McGovern Hurley LLP . The Former Auditor resigned as the auditor of the Company at the request of the Company effective January 21, 2022 and the board of directors of the Company appointed the Successor Auditor on January 21, 2022, until the next annual shareholder meeting of the Company. The Company confirms that there were no reservations or [...]
Mongoose Mining Ltd. is pleased to announce that it has encountered significant intercepts of cobalt bearing pyritic magnetite in three drill holes at its Bass River project, near Londonderry and Bass River, Nova Scotia, . These holes were part of a six hole, 1056 metre drill program performed in the fall of 2021 with the support of the Nova Scotia Mineral Resources Development Fund. Hole BR-21-06 is the deepest hole [...]
Mongoose Mining Ltd. is pleased to announce that it has entered into an agreement to acquire the Steele Run copper-cobalt-gold deposit located at Mt Thom, Nova Scotia, Canada, approximately 22km east of Truro. The property is an "IOCG-type" copper-cobalt-gold project consisting of 29 mineral claims over four contiguous licenses and covers approximately 1,160 acres. Project Highlights: In a 2001 study, the Nova Scotia [...]
