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Pan Global Resources to Secure Bid For Rights to Salamon Gold Project in Spain

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Pan Global Resources' (PGZ.V) tender bids for the Salamon Gold project, submitted through its two units in Spain, has been accepted by the regional Directorate General of Energy and Mines, subject to an ongoing appeal, it said in a statement on Monday.

The rights to the project, which is comprised of two mineral exploration permits covering 19 mining grid units totaling about 532 hectares in the Leon Province of Northern Spain, were secured through a competitive public tender process conducted by the regional authorities of Castile and Leon, it said.

The company said that it has been advised that another bidder has appealed the decision of the Directorate General. The final acceptance of Pan Global's tender bid is subject to disposition of the appeal, it added.

Shares of the company were last seen unchanged at CA$0.17 on the TSX Venture Exchange.

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Mining & Metals

Journey Energy Closes CA$8 Million Acquisition of Interest in Keyera Rimbey Facility

Journey Energy (JOY.TO) on Friday said it closed the acquisition of a private company for CA$8.0 million, subject to customary closing adjustments.The acquired company's primary asset is a 0.98% working interest in the Keyera Rimbey natural gas processing facility and related infrastructure.Journey said the asset generates about CA$0.7 million in annual third-party processing revenue and is also expected to reduce operating costs for processing gas production from its Duvernay Joint Venture.The company expects the acquisition to pay out within two to three years based on forecast revenue and operating cost savings.Journey's shares closed up CA$0.13 to CA$6.13 on the Toronto Stock Exchange on Friday.

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Mining & Metals

Restaurant Brands International to Renew Share Buyback Program

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Mining & Metals

Canagold's New Polaris Project Included in Canada Investment Summit Prospectus

Canagold Resources (CCM.TO) said Friday that its New Polaris Gold-Antimony Project in British Columbia has been included in the Canada Investment Summit Prospectus.The inclusion reflects New Polaris as a project of "strategic importance and investment potential", a statement said. A feasibility study on the project was completed last year, Canagold said.Canagold submitted an environmental assessment application for New Polaris in April. New Polaris has been designated a Priority Project by the BC government.The Canada Investment Summit takes place on Sept. 14 to 15 in Toronto, Ontario. It is being convened by Prime Minister Mark Carney.Canagold shares closed up CA$0.03 at CA$0.70 on the Toronto Stock Exchange.

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