Novo Resources Corp. reports that its annual general meeting has been scheduled for June 22, 2021 at 4 pm PDT. The Company is pleased to announce that its board of directors has invited Ms. Amy Jo Stefonick of Denver, Colorado to stand for election to the Board at the Meeting. Ms. Stefonick has nearly 20 years of experience as a corporate and securities attorney across multiple industries where she advises public [...]
Novo Resources Corp. is pleased to announce that a receipt has been issued for Novo's final short form prospectus in the provinces of British Columbia, Ontario and Alberta qualifying the distribution of an aggregate of 10,353,000 units of the Company issuable pursuant to the exercise or deemed exercise of 10,353,000 previously issued special warrants of the Company. The Special Warrants were issued on a private placement [...]
Novo Resources Corp. is pleased to advise that it has signed a 3-year agreement with Intertek Testing Services Pty Ltd , a wholly owned subsidiary of Intertek Group plc , for the provision of on-site laboratory and sample preparation services and PhotonAssay services . Intertek will manage an on-site laboratory at the Company's Golden Eagle mill designed to prepare samples from the Company's planned infill drilling [...]
Novo Resources Corp. is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project held by ASX-listed GBM Resources Limited following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval . "We are thrilled to complete our option exercise at Malmsbury," commented Dr. Quinton Hennigh, Chairman and [...]
Novo Resources Corp. is pleased to report that it has closed its previously announced brokered private placement of special warrants of the Company to raise gross proceeds of approximately C$26.4 million. A syndicate of agents led by Clarus Securities Inc. and Stifel GMP as co-lead agents, together with PI Financial Corp., Haywood Securities Inc., CIBC World Markets Inc., and Echelon Wealth Partners Inc. , exercised their [...]
Novo Resources Corp. is pleased to announce that it will today file a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects related to its March 31, 2021 news release announcing the results of a preliminary economic assessment for its Beatons Creek conglomerate gold project, Western Australia. The independent technical report, entitled "Preliminary Economic [...]
Novo Resources Corp. is pleased to provide an update of the ramp-up of operations at the Beatons Creek conglomerate gold project in Western Australia . Highlights Commissioning and ramp up have progressed safely and within expectations amid a favourable gold price environment Since commencement of processing operations on February 3, 2021 and pouring of Novo's first gold bar on February 16, 2021, a total of 7,375 fine oz [...]
Novo Resources Corp. has appointed Clarus Securities Inc. and Stifel GMP as co-lead agents on behalf of a syndicate of agents, to raise, by way of a marketed private placement, C$22 million is exercised in full) . Pursuant to the proposed Offering, the Company will issue special warrants of the Company at a price of C$2.55 per Special Warrant. Each Special Warrant will be convertible into one unit of the Company without [...]
Novo Resources Corp. is pleased to announce that it has entered into an agreement to amend certain terms of its outstanding US$60 million credit facility with Sprott Resource Lending Corp. and Sprott Private Resources Lending II , LP , and has drawn down an additional US$5 million. Novo drew down the first US$35 million tranche of the Facility in September 2020. In order to retain financial flexibility as Novo advances [...]
Novo Resources Corp. is pleased to announce completion of a preliminary economic assessment for the Company's 100%-owned Beatons Creek conglomerate gold project , located in the Pilbara region of Western Australia. In addition to the potential viability of mineral resources at the Project reported by the PEA, Beatons Creek displays significant upside resource potential from deposit extensions. Novo has identified numerous [...]
Novo Resources Corp. is providing an update on the previously announced sale of a portion of its Blue Spec project comprising mining leases 46/115 and 46/244 and related mining information in Western Australia to ASX-listed Calidus Resources Ltd. . Calidus has paid AUD $7.7 million to the Company to date. The Company and Calidus have executed a letter deed and agreed to a path to completion of the Transaction for the [...]
Novo Resources Corp. is pleased to announce that it has exercised its option to earn a 50% interest in the Queens gold project located in the Bendigo zone of Australia's Victorian goldfields and held by ASX-listed Kalamazoo Resources Ltd. . Please refer to the Company's news releases dated September 22, 2020 and September 29, 2020 for further details. Novo has issued 584,215 common shares to Kalamazoo as consideration for [...]
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