Rhyolite Resources Ltd.

Rhyolite Resources Ltd. is pleased to announce that, further to its news release dated December 7, 2021, the Company has completed a "bought deal" brokered private placement of 16,000,000 common shares of the Company at a price of C$0.88 per Common Share for gross proceeds of approximately C$14 million. BMO Capital Markets acted as the sole underwriter in respect of the Bought Deal Private Placement and received a cash [...]

Rhyolite Resources Ltd. has announced today that it has entered into an agreement with BMO Capital Markets, under which BMO has agreed to buy on a bought deal basis by way of private placement, 16,000,000 common shares of the Company, at a price of C$0.88 per Common Share for gross proceeds of approximately C$14 million. Rhyolite is also undertaking a non-brokered private placement of approximately C$4 million at a price [...]

Rhyolite Resources Ltd. is pleased to announce completion of the acquisition of Muckahi Inc. Mr. Stanford received 9.5 million common shares of Rhyolite in consideration, of which 1.0 million common shares were delivered to Mr. Stanford upon closing of the Transaction, and the remaining 8.5 million common shares have been deposited in escrow to be released to Mr. Stanford in tranches over a four-year period. "With this [...]

Rhyolite Resources Ltd. is pleased to announce the appointment of Fred Stanford as Chief Executive Officer and Director. Mr. Stanford is a mining executive with 40 years of experience in the mining industry. Prior to joining Rhyolite, Mr. Stanford served as President and CEO of Torex Gold Resources Inc. from 2009 to 2020, and as Executive Chairman from mid-2020 to mid-2021. Tony Chedraoui, the newly appointed Chairman of [...]

Company Expands Strategy to Include Development of Mining Assets Using the Innovative Muckahi Mining System Rhyolite Resources Ltd. is pleased to announce the appointment of Fred Stanford as Chief Executive Officer and Director. Mr. Stanford is a mining executive with 40 years of experience in the mining industry. Prior to joining Rhyolite, Mr. Stanford served as President and CEO of Torex Gold Resources Inc. from 2009 to [...]

Rhyolite Resources Ltd. is pleased to announce that it has completed the acquisition of all of the outstanding share capital of 2765798 Ontario Ltd. , pursuant to the terms of a definitive share purchase agreement entered into with each of the shareholders of ONCorp. ONCorp is a privately-held arms-length company which holds an option to acquire an 70% interest in the Suku Passi Project in Suriname. The Vendors received [...]

Rhyolite Resources Ltd. is pleased to announce that it has entered into a definitive share purchase agreement, dated March 21, 2021, with each of the shareholders of 2765798 Ontario Ltd. to acquire all of the outstanding share capital of ONCorp. ONCorp is a privately-held arms-length company which consolidated the Suku Passi Project in Suriname and holds an option to acquire a 70% interest in the Project. Under the terms [...]

Rhyolite Resources Ltd. is pleased to announce that it has entered into a definitive share purchase agreement, dated March 21, 2021, with each of the shareholders of 2765798 Ontario Ltd. to acquire all of the outstanding share capital of ONCorp. ONCorp is a privately-held arms-length company which consolidated the Suku Passi Project in Suriname and holds an option to acquire a 70% interest in the Project. Under the terms [...]

Channel samples return 15.54 and 7.59 grams per tonne gold over 2 meters Rhyolite Resources Ltd. is pleased to report that the initial field work exploration program in December at the Brothers Project in Suriname has expanded on the gold potential of the concession. Prospecting by small-scale miners working within the Brothers concession have opened new sites exposing quartz veins in the soil profile. High-grade rock [...]

Channel samples return 15.54 and 7.59 grams per tonne gold over 2 meters Rhyolite Resources Ltd. is pleased to report that the initial field work exploration program in December at the Brothers Project in Suriname has expanded on the gold potential of the concession. Prospecting by small-scale miners working within the Brothers concession have opened new sites exposing quartz veins in the soil profile. High-grade rock [...]