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New Break Resources Ltd. (C:NBRK)

Business Focus: Gold Mining

Mar 06, 2024 07:00 am ET
New Break Discusses Critical Minerals Potential at Moray Property and Closes Final Tranche of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 6, 2024) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to discuss the critical minerals potential of the Moray property, in light of significant developments with respect to contiguous properties.
Feb 27, 2024 07:00 am ET
New Break Discusses Exploration Results on Expanded Moray Property Package 2023 Samples up to 9.86 g/t Au with Historical Samples up to 1,556 g/t Au
Toronto, Ontario--(Newsfile Corp. - February 27, 2024) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to report that the results of field work comprising the 2023 exploration program on the northern portion of the Moray Project, has yielded numerous prospective gold assays from both grab and channel samples from multiple locations as follows:
Jan 23, 2024 05:44 pm ET
New Break Announces Financing Extension and Early Warning Notice
Toronto, Ontario--(Newsfile Corp. - January 23, 2024) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") announces that it intends to close the non-brokered private placement first announced on December 7, 2023 (the "Offering") by February 29, 2024. The Offering consists of the sale of up to 3,750,000 non-flow-through units ("Units") at $0.08 per Unit for gross proceeds of up to $300,000 and 7,000,000 flow-through units ("FT Units") at a price of $0.10 per FT Unit, for gross proceeds of up to $700,000, on the terms as set forth in the news release of the Company dated December 7, 2023. On December 29, 2023, the Company announced that it had closed the first tranche of the Offering, consisting of the sale of 1,250,000 FT Units for gross proceeds of $125,000 and 750,000 Units for gross proceeds of $60,000.
Jan 04, 2024 07:00 am ET
New Break Announces Appointment of Gordon G. Morrison to Board of Directors
Toronto, Ontario--(Newsfile Corp. - January 4, 2024) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is extremely pleased to announce the addition of Mr. Gord Morrison, B.Sc., to the Company's Board of Directors. Having been an integral part of the discovery of 13 major polymetallic and precious metal deposits, 6 of which are producing mines, with 4 others at the feasibility stage, Gord joins New Break as one of Canada's most successful mine finders and a leader in the mining industry with a deep and varied experience in both mineral exploration and mining.
Dec 29, 2023 06:43 pm ET
New Break Announces Closing of First Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - December 29, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that, further to its news release dated December 7, 2023, it has closed the first tranche of the previously announced non-brokered private placement (the "Offering") of flow-through units ("FT Units") at a price of $0.10 per FT Unit and non-flow-through units ("Units") at a price of $0.08 per Unit. The closing of the first tranche of the Offering consisted of 1,250,000 FT Units for gross proceeds of $125,000 and 750,000 Units for gross proceeds of $60,000.
Dec 07, 2023 07:00 am ET
New Break Announces up to $1 Million Non-Brokered Private Placement Offering
Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it intends to undertake a non-brokered private placement offering of up to 3,750,000 non-flow-through units ("Units") at $0.08 per Unit for gross proceeds of up to $300,000 and 7,000,000 flow-through units ("FT Units") at a price of $0.10 per FT Unit, for gross proceeds of up to $700,000 (the "Offering"). The Company will make a provision for an over-allotment option (the "Over-Allotment Option") to allow the purchase of up to 1,250,000 additional $0.08 Units beyond the number of Units contemplated in this Offering. If the Over-Allotment Option is fully exercised, the total gross proceeds will be $400,000 from the sale of 5,000,000 Units.
Dec 06, 2023 07:00 am ET
New Break Identifies New Gold Bearing Structures at the Sundog Project in Nunavut
Toronto, Ontario--(Newsfile Corp. - December 6, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to report that the results from rock chip and grab samples taken from the Sundog Gold Project in Kivalliq Region, Nunavut ("Sundog") have identified new gold bearing structures on the property, with half of the eight samples taken grading over 7.5 grams per tonne gold ("g/t Au") as shown in the following table:
Nov 08, 2023 07:00 am ET
Prospecting Legend Ken Reading Returns to New Break's Sundog Gold Project at Age 93
Toronto, Ontario--(Newsfile Corp. - November 8, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to report that in September 2023, a New Break field team comprised of famed Canadian prospector Ken Reading, Shaun Parent, P. Geo. of Superior Exploration Ltd. and a field assistant, accessed the Sundog Gold Project in Kivalliq Region, Nunavut ("Sundog") by float plane from Thompson, Manitoba. The team performed a reconnaissance site visit to confirm access to the project area, assess the impact of environmental changes, reproduce historical gold assays from a small sample of historical trenches and gather samples from previously unsampled vein structures near existing historical trenches.
Aug 25, 2023 02:41 pm ET
New Break Announces Voting Results from 2023 AGM
Toronto, Ontario--(Newsfile Corp. - August 25, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce the voting results from the Company's annual general meeting of shareholders held in Toronto on August 24, 2023 (the "2023 AGM").
Jul 17, 2023 06:45 am ET
New Break Increases Moray Property Position Through Staking and Acquisition
Toronto, Ontario--(Newsfile Corp. - July 17, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that the Company has further increased the land position at its Moray property ("Moray") to 8,311 hectares from 5,354 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Since March 1, 2023, New Break has increased its property position at Moray by 6,455 hectares through staking and acquisitions (see also news releases dated March 15, 2023 and May 15, 2023).
Jun 26, 2023 06:45 am ET
New Break Announces Successful Warrant Exercise Incentive Program
Toronto, Ontario--(Newsfile Corp. - June 26, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") announces that, further to its news release of June 8, 2023, the Company has successfully completed its common share purchase warrant ("Warrants") exercise incentive program (the "Incentive Program").
Jun 08, 2023 08:46 am ET
New Break Reprices Warrants and Announces Warrant Exercise Incentive Program
Toronto, Ontario--(Newsfile Corp. - June 8, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") announces the repricing of 1,730,000 common share purchase warrants with an exercise price of $0.20 and an expiry date of June 23, 2023 (the "Repriced Warrants"), to $0.15, effective immediately (the "Warrant Repricing"). Following the Warrant Repricing, the Company will have an aggregate of 6,274,200 outstanding warrants, having an exercise price of $0.15 and an expiry date of June 23, 2023 (collectively, the "Subject Warrants"). The Company's management considers the Warrant Repricing to be in the best interests of the Company and its shareholders and aligns the exercise price of all warrants having an expiry date of June 23, 2023, which expiry date is not being extended.
Jun 02, 2023 05:18 pm ET
New Break Announces Closing of Property Acquisition, Grant of Stock Options and Early Warning Notice
Toronto, Ontario--(Newsfile Corp. - June 2, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it has closed the acquisition of an additional 2,460 hectares of mineral claims contiguous with its Moray property, located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. The acquisition, which increases the Company's land position at Moray to approximately 5,354 hectares, closed on May 23, 2023 through the issuance of 1,500,000 common shares of New Break and aggregate cash payments of $80,000 to the property vendors (see news release dated May 15, 2023).
Jun 01, 2023 06:45 am ET
New Break Announces Closing of $500,700 Non-Brokered Flow-Through Financing
Toronto, Ontario--(Newsfile Corp. - June 1, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it closed its previously announced non-brokered private placement flow-through financing (the "FT Offering") on May 31, 2023, for proceeds of $500,700. The funds will primarily be used by New Break to conduct a planned drilling program at its Moray gold project located in Ontario on the Cadillac Larder-Lake Fault Zone, approximately 49 km south of Timmins and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc.
May 15, 2023 06:45 am ET
New Break Acquires Additional Property at its Moray Project
Toronto, Ontario--(Newsfile Corp. - May 15, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it has entered into a mining claim acquisition agreement (the "Agreement") with three arm's length individuals (the "Vendors") pursuant to which New Break will acquire the Beyer Kitchiming Lake gold-copper property (the "Property") from the Vendors. The acquisition increases the land position at New Break's Moray property ("Moray") to 5,354 hectares from 2,894 hectares (see also news release dated March 15, 2023).
May 09, 2023 08:30 am ET
New Break Announces Flow-Through Financing to Raise up to $750,000
Toronto, Ontario--(Newsfile Corp. - May 9, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement offering of up to 5,000,000 flow-through common shares ("Flow-Through Shares") at a price of $0.15 per Flow-Through Share, for gross proceeds of up to $750,000 (the "Offering").
Mar 15, 2023 08:30 am ET
New Break Increases Land Position at its Moray Project
Toronto, Ontario--(Newsfile Corp. - March 15, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that the Company has increased the land position at its Moray property ("Moray") to 2,894 hectares from 1,856 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc.. Moray exhibits comparable geology, mineralization and alteration characteristics to Young-Davidson, including mafic volcanic hosted and syenite hosted auriferous quartz vein zones. Current annual gold production at Young-Davidson runs 190,000 to 200,000 ounces at an average grade of 2.3 grams per tonne gold ("g/t Au"), generating in excess of US$100 million of free cash flow annually at current gold prices.
Feb 27, 2023 08:30 am ET
New Break Pursuing Young-Davidson Model at its Moray Gold Project
Toronto, Ontario--(Newsfile Corp. - February 27, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to report on the results and findings at its Moray gold project, which appear to support the Company's thesis of pursuing a Young-Davidson gold mineralization model at Moray. The Young-Davidson gold mine, operated by Alamos Gold Inc. ("Alamos"), is located approximately 32 km southeast of Moray. First discovered in 1916, the mine produced one million ounces of gold from 1934 to 1957 from open pit and underground development. Commercial production resumed in 2012, with current annual gold production sitting at just under 200,000 ounces.
Jan 20, 2023 07:19 pm ET
New Break Engages SmallCap Communications Inc.
Toronto, Ontario--(Newsfile Corp. - January 20, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it has retained SmallCap Communications Inc. of Vancouver, B.C. ("SmallCap") to provide social media management and communication services for a one-year period commencing January 20, 2023, which includes an initial three month trial period, at a fee of $3,500 per month.
Dec 30, 2022 06:55 pm ET
New Break Announces Closing of Non-Brokered Flow-Through Financing
Toronto, Ontario--(Newsfile Corp. - December 30, 2022) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing (the "Financing") of 830,000 flow-through common shares ("Flow-Through Shares") at a price of $0.15 per Flow-Through Share for aggregate gross proceeds of $124,500. The Flow-Through Shares issued as part of the Financing are subject to a hold period of four months and one day from the date of closing of the Financing. No broker fees were paid in connection with the Financing. The completion of the Financing is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including final approval of the Canadian Securities Exchange (the "CSE").
Oct 20, 2022 09:28 am ET
Canadian Securities Exchange Maintains Strong Listings Momentum in September 2022
Toronto, Ontario--(Newsfile Corp. - October 20, 2022) - The Canadian Securities Exchange ("CSE" or "the Exchange") today announced its market statistics for the month of September 2022.
Sep 29, 2022 08:30 am ET
New Break Identifies High-Grade Gold, up to 70.60 g/t Au, via Grab Sampling at Moray
Toronto, Ontario--(Newsfile Corp. - September 29, 2022) - New Break Resources Ltd. ("New Break" or the "Company") (CSE: NBRK) is pleased to report the results of grab and channel sampling programs conducted from June to August 2022, at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt.
Sep 21, 2022 10:24 am ET
New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property
Toronto, Ontario--(Newsfile Corp. - September 21, 2022) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to outline the Company's 2022 exploration programs at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. New Break developed a fresh approach to 2022 exploration following the interpretation of results from its 2021 exploration programs, including observations and findings from detailed compilation work that also identified gaps in historical exploration work. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt.
Sep 06, 2022 01:57 pm ET
CSE Bulletin: New Listing - New Break Resources Ltd. (NBRK)
Toronto, Ontario--(Newsfile Corp. - le 6 septembre/September 2022) - The common shares of New Break Resources Ltd. have been approved for listing on the CSE.
Sep 06, 2022 01:08 pm ET
New Break Announces Start of Trading on CSE Under Symbol NBRK on Wednesday, September 7, 2022
Toronto, Ontario--(Newsfile Corp. - September 6, 2022) - New Break Resources Ltd. ("New Break" or the "Company") is pleased to announce that the Company's common shares ("Common Shares") have received final approval for listing from the Canadian Securities Exchange (the "CSE"). The Common Shares are expected to commence trading on the CSE under the trading symbol "NBRK" at market open on Wednesday, September 7, 2022. New Break will also be featured on the CSE's YouTube channel, CSE TV, as the Company rings the bell as part of a virtual open, including an interview with Michael Farrant, New Break's President and CEO. The video will be available on the Company's website at www.newbreakresources.ca.