Muzhu Mining wishes to provide the following update. $500,000 Unit Financing The Company seeks to complete a non-flow-through financing for general and administrative expenses and to advance its mineral exploration projects, as follows: Sleeping Giant South Property, Quebec: Interpretation of its recently completed Heliborne Time Domain EM Survey by Prospectair Geosurveys. The property abuts the Abcourt Mines, Sleeping [...]
Muzhu Mining is pleased to re-announce that the Board of Directors of the Company has approved the grant of 1,850,000 incentive stock options which the Company announced its intention to do so under its April 22, 2025 news release. The options shall have an exercise price of $0.10 per common shares and an exercise term of 3 years expiring June 26, 2028. Dwayne Yaretz, CEO Muzhu Mining Ltd. Phone: 778-709-3398 Email [...]
Muzhu Mining is pleased to announce that it has closed on it's first tranche of the private placement announced on April 28, 2025 for gross proceeds of $84,000 from the sale of 840,000 units at $0.10 per unit. Each Unit is comprised of one common share of the Company and one non-transferable share purchase warrant. Each whole Warrant entitles the holder to purchase one Share at a price of $0.14 per Warrant for the first [...]
Muzhu Mining is pleased to announce that it has entered into non-binding Letter of Intent with Romaine River Titanium Inc. of Georgetown, ON to acquire an initial 50% Option of the Romaine's Everett titanium-iron property. The Everett Property comprises 49 mineral tenures covering 2,406 ha and is owned 100% by Romaine. Romaine, which is a private, federally-incorporated holding company, is presently active on the Property [...]
Muzhu Mining is pleased to announce Prospectair Geosurveys of Gatineau, has successfully completed a heliborne time-domain electromagnetic survey on Muzhu's wholly-owned Sleeping Giant South Property. The Property abuts the mineral tenures of the Sleeping Giant Mine of Abcourt Mines. Abcourt recently announced that it has secured debt financing of US$8 million to complete the financing required for the restart of its [...]
Muzhu Mining is pleased to announce that the Company has arranged a non-brokered private placement of up to 5,000,000 units for $0.10 per unit, with each unit consisting of one common share one common share purchase warrant. Each whole Warrant entitles the holder to purchase one Share at a price of $0.14 per Share for a period of twelve months from the Closing, and at a price of $0.20 per Share for a period of twenty-four [...]
Muzhu Mining Ltd. is pleased to announce that the Company has retained Cavendish Investment Corp. Group of Companies as its non-exclusive financial advisor to provide advisory and corporate finance activities. Cavendish has established itself as a significant player in Asia. Its strategic location in Hong Kong allows the firm to leverage the region's economic growth and serve as a key bridge between Eastern and Western [...]
Muzhu Mining is pleased to announce that the Company has appointed William E. Thomson to the Board of Directors. Bill is the Managing Partner of Mercana Growth Partners. Bill brings a 60+ year record of achievement completing turnarounds, sourcing private-equity capital for emerging growth companies, and providing critical guidance and advice to help steer businesses through challenging situations towards growth. Prior to [...]
Muzhu Mining is pleased to announce that the Company has retained Prospectair Geosurveys of Gatineau to conduct a heliborne time-domain electromagnetic survey on its wholly-owned Sleeping Giant South Property. Abcourt recently announced that it has secured debt financing of US$8 million to complete the financing required for the restart of its Sleeping Giant mine and mill. Prospectair has mobilized to the Property and [...]
Muzhu Mining is pleased to announce that the Company's wholly owned Chinese subsidiary Louyang Sow International Mining Company Ltd "LSM" has restarted the bulk sampling program of the WLG F12 Vein at the Wulonggou Gold Mine after work was suspended at the end of 2024. The labor force has returned after the Chinese New Year break and new excavating equipment is now on site. Click Image To View Full Size Bulk Sample [...]
Muzhu Mining is pleased to announce that it has closed the non-brokered private placement announced on November 18, 2024 for gross proceeds of $139,330.40 from the sale of 1,741,630 units of the Company at a price of $0.08 per unit. Each unit consisting of one common share one common share purchase warrant entitling its holder to purchase one common share at $0.12 for a period of one year after issuance. All of the [...]
Muzhu Mining is pleased to announce that the Company has arranged a non-brokered private placement of 2,223,000 flow-through units at $0.09 per FT Unit for gross proceeds of $200,070. Each FT Unit consists of one flow-through common share and one common share purchase warrant entitling its holder to purchase one common share at $0.12 for a period of 36 months from the date of issuance. The proceeds of $200,070 from the [...]
