Entries by Craig Paterson

Midnight Sun Announces Recommencement Of 2021 Exploration Program

Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) has received notification from Rio Tinto Mining and Exploration Limited (“Rio Tinto”) that the initial 2021 exploration campaign on Midnight Sun’s Solwezi Licences has resumed after temporarily pausing at the end of June.

Vancouver, British Columbia, August 23, 2021 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) extends congratulations to President-Elect Mr. Hakainde Hichilema and the United Party for National Development on the recent Zambian General Election.

Midnight Sun Mining Completes Private Placement

Vancouver, British Columbia, July 5, 2021 — Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX-V: MMA) has increased and completed its previously announced non-brokered private placement by issuing 5,619,714 units (the "Units") at a price of $0.35 per Unit for gross proceeds of $1,966,900. Each Unit consists of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of twenty-four months from closing, at an exercise price of $0.50.

Midnight Sun Mining Corp. Announces Private Placement

Vancouver, British Columbia, June 4, 2021 — Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce a non-brokered private placement of up to 3,000,000 units (the “Units”) at a price of $0.35 per Unit for gross proceeds of $1,050,000 (the “Offering”). Each Unit will consist of one (1) common share (“Common Share”) in the capital of the Company and one (1) Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share of the Company for a period of twenty-four months from the closing of the Offering at an exercise price of $0.50. The Company intends to close the Offering as soon as practicable.

Rio Tinto Commences Exploration On Solwezi Copper Project

Vancouver, British Columbia, April 19, 2021 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce Rio Tinto Mining and Exploration Limited (“Rio Tinto”) have commenced their initial 2021 exploration campaign on Midnight Sun’s Solwezi Licences in Zambia. Rio Tinto is in Stage 1 of the previously announced Earn-In and Joint Venture Agreement (the “Earn-In Agreement”) (see the Company’s news release Midnight Sun Signs USD$51 Million Earn-In Agreement With Rio Tinto, dated April 27, 2020, for details of the Earn-In Agreement). The initial 2021 work program budget is USD $3,200,000 and is expected to be completed in late June. Results of this exploration work will dictate the additional budgets for 2021.

Rio Tinto Advances To Next Stage Of Agreement

Vancouver, British Columbia, December 1, 2020 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce that Rio Tinto Mining and Exploration Limited (“Rio Tinto”) have delivered formal notice that they have completed the Initial Work Program phase of the earn-in and joint venture agreement (the “Earn-In Agreement”) on Midnight Sun’s Solwezi Licences by incurring project expenditures in excess of USD $3,000,000, and are proceeding to Stage 1.

Midnight Sun And Rio Tinto Proceed With Agreement

Vancouver, British Columbia, October 15, 2020 – Midnight Sun Mining Corp. (“Midnight Sun”) (TSX-V: MMA) is pleased to announce all subjects and conditions relating to the previously announced earn-in and joint venture agreement between Midnight Sun and Rio Tinto Mining and Exploration Limited (“Rio Tinto”) have been removed by the two parties, and the agreement has received final approval from the TSX Venture Exchange. Under the terms of the agreement, Rio Tinto can earn up to a 75% interest in Midnight Sun’s Solwezi Licences.  Please see the Company’s news release Midnight Sun Signs USD$51 Million Earn-In Agreement With Rio Tinto, dated April 27, 2020, for more information on the earn-in and joint venture agreement.

Midnight Sun Increases Ownership Of Solwezi Licences

Vancouver, British Columbia, September 30, 2020 – Midnight Sun Mining Corp. (“Midnight Sun”) (TSX-V: MMA) is pleased to announce it has increased its ownership of the Solwezi Licences to 80.65% from 60.00%. Midnight Sun holds the Solwezi License through two wholly owned subsidiaries, Midnight Sun Mining Zambia Ltd. and Midnight Sun (BVI) Two Corp.

Midnight Sun Shareholders Approve Rio Tinto Agreement

Vancouver, British Columbia, September 14, 2020 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce the Company’s shareholders have approved the previously announced earn-in and joint venture agreement with Rio Tinto Mining and Exploration Limited (“Rio Tinto”) (see news release dated April 27, 2020 for more information).

Midnight Sun Announces Appointment of CFO

Vancouver, British Columbia, August 4, 2020 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun“) (TSX-V: MMA) is pleased to announce the appointment of Alastair Brownlow as Chief Financial Officer (“CFO”) effective as of August 1, 2020, replacing Wayne Moorhouse in this role.