Tonogold Resources Inc. (TNGL)
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Uranium American Resources closes $3.5M funding for US uranium push
Uranium American Resources Inc. (OTC:TNGL) earlier this week said it has secured $3.5 million in funding to advance its planned acquisition and development of uranium assets in the western United States. CEO William Hunter told investors that the financing will support the completion of an $8.5 million transaction to acquire JAG Minerals.
Uranium American Resources is seizing the moment as global demand for clean energy soars
With tightening supply, rising prices, and increasing demand for nuclear energy, Uranium American Resources Inc. (OTC:TNGL) is making strategic moves at a critical time for the uranium industry. The company is making a powerful re-entry into the mining world with a bold pivot from gold to uranium.
Uranium American Resources debuts new name, strategic US uranium and vanadium assets
Uranium American Resources Inc. (OTC:TNGL) formerly known as Tonogold Resources Inc, announced that it has officially rebranded as part of a strategic shift toward uranium and vanadium assets. As part of its transition, Uranium American Resources is acquiring three projects in the western US, targeting areas with historical uranium and vanadium production.
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Tonogold Resources Inc. Profile
| Metals & Mining Industry | Materials Sector | Mr. William John Hunter CEO | OTC PINK Exchange | 890308208 CUSIP |
| US Country | 2 Employees | - Last Dividend | 29 Jul 2014 Last Split | - IPO Date |
Overview
Tonogold Resources, Inc. is a junior mining company with a focused mission on the development and maintenance of mining leases particularly within the state of Nevada. The company is known for its dedication towards the exploration of precious metals, namely gold and silver. Central to its operations is the Comstock project, strategically situated in Storey County, Nevada. This project underscores the company's commitment to tapping into the rich mineral resources within the region. Based in La Jolla, California, Tonogold Resources, Inc. harnesses its strategic location to manage its operations effectively, ensuring the seamless progression of its mining endeavors.
Products and Services
- Gold Exploration: Tonogold Resources is deeply involved in the exploration of gold deposits. This endeavor is at the core of the company's activities, focusing on identifying and assessing potential gold-rich areas within their leased properties in Nevada.
- Silver Exploration: Parallel to gold exploration, the company also commits significant resources to the exploration of silver deposits. This initiative is aimed at diversifying the company's mineral portfolio, leveraging the geological prospects in Nevada to unearth valuable silver reserves.
- Mining Lease Development and Maintenance: Beyond exploration, Tonogold Resources, Inc. dedicates efforts towards the development and maintenance of its mining leases. This includes securing the rights to mine, conduct geological surveys, and perform other necessary operations to extract value from its projects while adhering to environmental and regulatory standards.
- Comstock Project Management: The Comstock project represents the company's flagship venture, encompassing a comprehensive approach to gold and silver mining. Located in Storey County, Nevada, this project is the epitome of Tonogold's ambitions and capabilities in the mining sector, demonstrating their ability to manage large-scale mining operations with a focus on sustainability and efficiency.
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