Articles from Marathon Gold Corporation

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon”; TSX: MOZ) is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has granted the final order in connection with the previously announced statutory plan of arrangement (the “Arrangement”) involving Marathon and Calibre Mining Corp. (“Calibre”) pursuant to which Marathon shareholders (other than Calibre) will receive 0.6164 of a common share of Calibre for each common share of Marathon held.

TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon”; TSX: MOZ) is pleased to announce that at a special meeting (the “Special Meeting”) of its shareholders (the “Marathon Shareholders”) held earlier today, a significant majority of the Marathon Shareholders voted in favour of the special resolution (the “Arrangement Resolution”) approving the proposed plan of arrangement (the “Arrangement”) with Calibre Mining Corp. (“Calibre”), pursuant to which Marathon Shareholders (other than Calibre) will receive 0.6164 of a common share of Calibre for each common share of Marathon held.

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have each recommended that Marathon shareholders (“Marathon Shareholders”) vote “FOR” Marathon’s proposed plan of arrangement (“Arrangement”) with Calibre Mining Corp. (“Calibre”) at the upcoming special meeting of Marathon Shareholders (the “Special Meeting”) to be held on Tuesday, January 16, 2024 at 10:00 a.m. (Toronto Time).

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it intends to mail and file its management information circular dated December 11, 2023 (the “Circular”) and related meeting and proxy materials today in connection with the special meeting (the “Marathon Meeting”) of holders (the “Marathon Shareholders”) of common shares of Marathon (the “Marathon Shares”) scheduled to be held on January 16, 2024 in connection with its previously announced proposed plan of arrangement (the “Arrangement”) with Calibre Mining Corp. (“Calibre”). Pursuant to the arrangement agreement dated November 12, 2023 between Marathon and Calibre and the accompanying Arrangement, Marathon Shareholders (other than Calibre) will receive 0.6164 of a Calibre common share (each whole share, a “Calibre Share”) for each Marathon Share held (the “Consideration”). The purpose of the Marathon Meeting is to seek approval of the Marathon Shareholders in respect of the Arrangement.

TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce the completion of 1 million person hours of work at the Valentine Gold Project without a Lost Time Injury (LTI).

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the third quarter ending September 30, 2023, and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in the central region of Newfoundland and Labrador (“NL”).

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that the Honourable Bernard Davis, Newfoundland and Labrador (NL) Minister of Environment and Climate Change, has released the proposed addition of the Berry Deposit to the Valentine Gold Project (the “Berry Pit Expansion” and the “Project”) from the provincial environmental assessment (EA) process. The Minister’s decision follows regulatory and public review of the Berry Pit Expansion Environmental Registration document, which was submitted to the NL Department of Environment and Climate Change (“NLDECC”) on August 11, 2023.

Project 50% Complete on First Anniversary of Construction

TORONTO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) has published its 2022 Sustainability Report for the Valentine Gold Project in the central region of Newfoundland and Labrador.

TORONTO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) announces certain changes to the Company’s senior management team.

Tailings Dam Foundation at 78% Completion

TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it has received confirmation from the Impact Assessment Agency of Canada (“IAAC”) that changes to the Valentine Gold Project (the “Project”) to accommodate an open pit and associated infrastructure at the Berry Deposit (the “Berry Complex”) do not constitute a new Designated Project, and as such do not require a new impact assessment under the Impact Assessment Act (“IAA”). This means that the assessment and subsequent permitting of the Berry Complex can proceed as previously anticipated, comprising an Environmental Assessment (“EA”) of a “new undertaking” by the provincial regulator, and a modified Decision Statement by the federal regulator. Consistent with previous guidance and the Project’s December 2022 Updated Feasibility Study, Marathon anticipates these review processes will be completed during 2023 and 2024, well in advance of the scheduled commencement of mining at Berry in the second quarter of 2025.

TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the second quarter ending June 30, 2023, and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in the central region of Newfoundland and Labrador (“NL”).

TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that the Socio-Economic Agreement (“SEA” or “Agreement”) between Marathon and Miawpukek First Nation (“Miawpukek”), which was concluded on May 8, 2023, was the subject of a formal signing ceremony held in Conne River, Newfoundland and Labrador, on August 7, 2023. The Agreement was signed by Matt Manson, Marathon’s President & CEO, and Miawpukek Chief Mi’sel Joe during a community meeting and reception hosted by Miawpukek.

TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended June 30, 2023.

TORONTO, July 10, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZ) is pleased to announce the closing of its previously announced C$6.9 million non-brokered charity flow-through offering at a price of C$1.0488 per flow-through share (the “Offering”). Marathon intends to use the proceeds of the Offering for eligible exploration expenditures at its Valentine Gold Project. Franco-Nevada Corporation acquired the common shares comprising the entire back-end of the Offering.

TORONTO, June 08, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZ) is pleased to announce the sale of an additional 1.5% net smelter returns royalty (“NSR”) on its Valentine Gold Project (“Valentine” or the “Project”) to Franco-Nevada Corporation (“Franco-Nevada”) for US$45 million, resulting in Franco-Nevada holding an aggregate 3.0% NSR on the Project. In addition, Franco-Nevada has offered to purchase common shares of the Corporation comprising the entire back-end of a C$6.9 million non-brokered charity flow-through offering for which Marathon has firm commitments at a price of C$1.0488 per flow-through share (the “Offering”). Marathon intends to use the proceeds of the Offering for eligible exploration expenditures at the Project.

TORONTO, June 07, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZ) is pleased to announce the voting results of its Annual and Special Meeting of shareholders held on the afternoon of June 7, 2023 in St. John’s, Newfoundland.

TORONTO, May 15, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the three months ended March 31, 2023, and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in the central region of Newfoundland and Labrador (“NL”).

TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) and Miawpukek First Nation (“Miawpukek”) are pleased to announce that they have concluded a Socio-Economic Agreement (“SEA” or “Agreement”) concerning the development of the Valentine Gold Project, located in central Newfoundland. The Agreement was signed by Matt Manson, President and CEO of Marathon, and Miawpukek Chief Mi’sel Joe and representatives of the Miawpukek Band Council.

TORONTO, May 09, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it will host a technical webinar highlighting the geology, mineral resources, and exploration potential of the Valentine Gold Project on Tuesday, May 16, at 10:00 am EDT.

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZ) provides details of its 2023 annual general and special meeting of shareholders (the “AGM”) to be held at Signal Hill Campus in St. John’s, Newfoundland and Labrador at 4:00 p.m. NDT (2:30 p.m. EST) on June 7, 2023. The AGM will be held in person, and by way of simultaneous webcast.

TORONTO, May 04, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on first quarter construction progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”).

TORONTO, March 24, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the fourth quarter and year ending December 31, 2022, and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in the central region of Newfoundland and Labrador (“NL”).

Multiple Areas of Gold Mineralization on 32km-long Trend

TORONTO, March 02, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on construction progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”). In December, 2022 Marathon released the results of an Updated Feasibility Study for the Project, describing a 3 pit-mine plan based on the Marathon, Leprechaun and Berry Mineral Deposits delivering 195,000 oz Au per annum at an AISC of US$1,007 per oz for the first 12 years of a 14.3 year mine life, Proven and Probable Mineral Reserves of 2.7 Moz Au (51.6 Mt at 1.62 g/t Au), and a cost-to-complete estimate of C$463 Million, effective October 31, 2022.

Results include 1.96 g/t Au over 26m, 5.96 g/t Au over 8m, 1.88 g/t Au over 20m

TORONTO, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report that it has amended and restated its term loan facility (the “Amended & Restated Facility” or “Facility”) first entered into on March 31, 2022 with Sprott Resource Corporation (“Sprott”). Amongst other amendments described herein, the Facility has been increased to US$225 million from US$185 million. The proceeds of the Facility are to be used for the construction, development and working capital requirements of Marathon’s Valentine Gold Project located in the central region of Newfoundland and Labrador (the “Project” or “Valentine”).

Results include 5.01 g/t Au over 18m, 3.50 g/t Au over 14m, 1.12 g/t Au over 46m

TORONTO, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an overview of the Company’s exploration priorities during the upcoming two-year period of mine construction at the Valentine Gold Project located in central Newfoundland (“Valentine” or the “Project”).