Northern Sphere Mining Corp. is pleased to announce the closing of the first tranche of its previously announced private placement. The Company issued 1,800,000 units of the Company at a price of $0.08 per Unit for aggregate gross proceeds of $144,000. Each Unit is comprised of one common share of the Company and one Common Share purchase warrant . Each Warrant will be exercisable to acquire one Common Share for a period [...]
Northern Sphere Mining Corp. announced today that it proposes to raise up to $400,000 through a non-brokered private placement of up to 5,000,000 units of the Company at a price of $0.08 per Unit. Finders fees may be payable in connection with the Private Placement and the Private Placement may be closed in tranches. Each Unit will be comprised of one common share of the Company and one Common Share purchase warrant [...]
Northern Sphere Mining Corp. is pleased to provide an update on its Lone Mountain Nevada Property. Located 24 kilometers west of the mining town of Tonapah, Lone Mountain displays encouraging early polymetallic assay results. Following a review of historical reports, including a 2011 report by the Nevada Bureau of Mining and Geology, Northern Sphere has determined that the property holds significant exploration targets [...]
Northern Sphere Mining Corp. is pleased to announce that it has acquired for nominal consideration TrueclAIM Exploration Inc.'s remaining 20% interest in the joint ventures for the mineral property located in Scadding, Ontario and in Globe, Arizona. "This is a meaningful acquisition for Northern Sphere. We believe that the projects at our Scadding and Arizona properties have a great deal of potential," says A. John Carter, Chief Executive Officer of Northern Sphere. "As a result of this acquisition, we now have complete control over these projects and we are better positioned to move them forward." About Northern Sphere Mining Corp. Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver an... [...]
Northern Sphere Mining Corp. is pleased to announce it has entered into a gold processing agreement with New Ruby Mining Corp. pursuant to which the Company has agreed to process up to 100 tons per day of high grade gold mineralized material from New Ruby's Houdon/Ellison gold property , located 80 miles north of NSM's Globe Arizona production facility. The processing by NSM will consist of crushing, grinding, screening [...]
Northern Sphere Mining announced today that it proposes to effect a debt conversion of approximately $174,000 owing to certain creditors of the Company. The debt conversion will consist of the issuance of common shares of the Company at a conversion price of $0.08 per Common Share. Common Shares issued on the conversion of outstanding debt, will be subject to a four-month hold period from the date of closing. Northern [...]
Northern Sphere Mining announced today that it proposes to raise up to $500,000 through a non-brokered private placement of up to 5,000,000 units of the Company at a price of $0.10 per Unit. Finders fees may be payable in connection with the Private Placement and the Private Placement may be closed in tranches. Each Unit will be comprised of one common share of the Company and one Common Share purchase warrant . Each [...]
Northern Sphere Mining is pleased to announce it has entered into a strategic alliance with Blockchain Ready Inc. to advance a blockchain platform in the mineral exploration space. The Company will work with BCR, using Northern Sphere's Arizona and Ontario properties, to create, develop and commercialize the Blockchain Ready platform, which will include regulatory assistance, material tracking, and more. Northern Sphere's [...]
Northern Sphere Mining is pleased to announce the appointment of Kelly Malcolm, P. Geo and Roger Gross to its Board of Directors and the appointment of Eric Balog as Vice-President, Corporate Development Mr. Malcolm has also been appointed to the Audit Committee and the Corporate Governance Committee. Northern Sphere is also pleased to announce that it has formed an Advisory Board to assist in implementing the Company's [...]
Northern Sphere Mining will be investigating known Cobalt anomalies on its Scadding Property located in Sudbury's Nickel District. Outcrop sampling at two separate mineral showings, approximately 2 km apart, returned values of 0.23% Cobalt and 0.20% Cobalt. Geophysical signatures identified by Northern Spherein 2017 correlate well with the location of these outcrops. The 3D magnetic re-inversion identified several optimal [...]
Northern Sphere Mining is pleased to provide an update regarding exploration activities at both its Scadding Gold Property located in Sudbury's Nickel District and its Black Diamond Property located in Arizona's Porphyry Copper District. During 2017, Northern Sphere focused on mineral discovery using exploration techniques on a district scale at both its Canadian and U.S. properties. In addition to using remote sensing [...]
Northern Sphere Mining announced today that Sheldon Inwentash and Gerry Feldman have resigned from the Board of Directors. The Company would like to thank Mr. Inwentash and Mr. Feldman for their contributions to the Company and wish them success in their future endeavours. For further information, please contact: John Carter Chief Executive Officer Northern Sphere Mining Corp. Tel: 905-302-3843 About Northern Sphere [...]