Archive for the ‘Front Page News Releases’ Category

TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company’), Board of Directors is pleased to announce the selection of Stamico, and Coreworthy to complete Phase One of our planned Three-Phase Drill Program. Total meters to be drilled in all Phases is expected to amount to approximately 30,000. The Three Phase Drill Program is being planned and directed by Ulrich Rath, Chair of our Technical Committee.

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A CANADIAN mining company has reaffirmed its support for the government’s overhaul of the legal and regulatory framework in Tanzania’s mining sector that has caused jitters among some foreign investors in the country.

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TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) — Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company’) is pleased to announce that its shelf registration statement on Form F-3 was declared effective by the Securities and Exchange Commission (SEC).  The company plans to utilize this shelf registration to conduct additional infill drilling as recommended by our engineers on page 29 of the recently released amended 43-101. This gold drilling program seeks to upgrade listed inferred resources into higher categories of indicated or measured, this material once upgraded can be included in our totals for the open pit in the future definitive feasibility study.  This gold drilling program will also include additional testing and delineation of the mineralization below the bottom of the open pit which is currently open in all directions. This deep underground potential available on the Buckreef project can be viewed in cross section in the amended 43-101 page number 105. The drill program comprised of the infill drilling as well as continued definition and testing at depth of the underground potential are accretive in nature and will solidly position the company to begin work on the definitive feasibility study. This shelf registration statement will allow the Company to raise up to US$15 million through the sale of securities, which may consist of common shares or warrants, or a combination thereof, in one or more offerings in the future.  Specific terms and prices of any offering will be determined at the time of such offering and included in a prospectus supplement to be filed with the SEC. While the company has put this shelf registration in place it has no obligation or requirement to use it and will continue to seek the best funding options available.

James E. Sinclair
Executive Chairman

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Press Release 30 July,2018

August 4th, 2018

Updated NI 43-101 Report Indicates 951,000 Ounces of Proven & Probable Gold Reserves at Buckreef

TORONTO, July 30, 2018 (GLOBE NEWSWIRE) — Tanzanian Royalty Exploration Corporation (hereinafter, the “Company”) (TSX:TNX)(NYSE MKT:TRX) is pleased to announce that it has filed on SEDAR an amended National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (NI 43-101)

 

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CLIVE MAUND UPDATE

July 30th, 2018

TANZANIAN ROYALTY EXPLORATION UPDATE

BY

CLIVE MOUND


You may recall that we went for Tanzanian Royalty at a good price back in the Spring. It then rallied strongly and in retrospect we would have done well to take profits on this rally, as it reacted back harder than expected, which was of course largely due to sector weakness.

The good news is that………..

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[Most Recent Quotes from www.kitco.com]



[Most Recent Quotes from www.kitco.com]


TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company’) is pleased to announce Michael E. Martin has accepted the position of head of Investor Relations for the Company.  Mr. Martin has a distinguished career in the Financial Services Industry, which spans more than thirty-seven (37) years.  He has extensive experience and knowledge in the precious metals and mining industries.  In addition to these specializations, he has a broad base of general experience as a licensed Financial Advisor.

Mike has had a successful and distinguished career from a young age.  Early in Mike’s career, he was a Registered Representative, Series 7, financial principal of a boutique brokerage firm specializing in mining and resource investment and achieved a management position. The firm was a formidable trader of Over-The-Counter (OTC) gold mining companies, and served many European Banks, mutual funds, financial institutions, broker-dealers and high net-worth individuals, worldwide.  Thereafter, Mike’s career opportunities expanded and changed when he moved to Toronto, which was rapidly becoming a global mining industry center. Mike ran a sizeable and successful trading operation as part of the international trading desk for a large integrated Canadian brokerage firm.  Mike returned to New York to work for another boutique firm where he remained for over twenty (20) years. There, he continued to evolve a metal and mining focused business providing mining analysis and commentary for the firm and his clients.  During this period, Mike was often quoted in the press by Bloomberg News, The New York Times and other publications.  Most recently, Mike has worked as a Financial Advisor for Oppenheimer & Co. and Westport Capital Markets.

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TORONTO, ONTARIO – 23 October 2017, Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter (the “Company”) reports in an article by John Aglionby published today in the Financial Times, “Acacia Mining’s shares soared more than 18 per cent on Thursday after its majority shareholder, Barrick Gold, agreed the Tanzanian government would take a 16 per cent stake in its assets in the east African country to end a six-month dispute over the miner’s operations.” See the Financial Times article attached below in full.

“We believe this settlement is very good news for the Company. The settlement between Barrick and Tanzania represents a major step in furtherance of fairness and equity between the host nation and leaders in the extraction industry.  Tanzania and shareholders in the extraction industry can both benefit in a fair distribution of generated mineral profits. We saw a similar structure recently negotiated between Freeport McMoRan and the Indonesian Government; where Indonesia obtained 51% of the Grasberg mine. These are fair relationships between a host nation and investors.” said James E. Sinclair, Executive Chairman.

 

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TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter (the “Company”) announces that it is not affected by new laws in Tanzania.

“The new mining laws in Tanzania appear to be an action to gain a fair share of the financial rewards for the people and nation of Tanzania while still providing incentives to the investors. The proposed legislation is not nationalization.” stated James E. Sinclair, Executive Chairman.

Jim Sinclair co-authored a book titled “BOOM,” written in the 1990s with Mr. F. Vogl, former Director of Communications for the World Bank. “Boom” outlines the authors’ prediction for the economic development of China, Tanzania and India as those countries move into the modern Global economy. Many of the new laws adopted in Tanzania (and elsewhere) were outlined in the book. The authors’ premise, which is being borne out in present legislative trends states that to participate in the development of a foreign economy investing companies must enter into mutually beneficial contracts.

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Tanzanian Royalty’s recently released Mine Feasibility Study (MFS) defines 1.064 million ounces of open pit minable gold, and initiates discussion on development of the underground Mine potential.

 

FOR IMMEDIATE RELEASE                        TORONTO, ONTARIO – July 13, 2017

 

Tanzanian Royalty Exploration (“TRX” or the “Company”) (NYSE: TRX) (TSX: TNX) is providing an update to its shareholders, discussing the findings of its recently completed Mining Feasibility Study (“MFS” or the “Study”) on its JV-owned Buckreef Gold Mine Project (the “Project”). The Study was led by an external consultant team from MaSS Resources Ltd. of Tanzania, with technical support provided by an internal team and combined previous published Preliminary Economic Assessment study results by Venymn of South Africa, as well as other historical feasibility studies conducted over the years on this historic deposit. The Buckreef project is in the Geita District in Lake Victoria Greenstone Belt in central Tanzania, East Africa. The full study can be found on the home page of the Company’s website: www.tanzanianroyalty.com

 

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Tanzanian Royalty Exploration Corporation (hereinafter, the “Company” or “Tanzanian Royalty”) (TSX:TNX)(NYSE MKT:TRX) announces that it is not effected by legislative trends in Tanzania.   Jim Sinclair co-authored a book titled “BOOM,” written in the 1990s with Mr. F. Vogl, former Director of Communications for the World Bank. “Boom” outlines the authors’ prediction for the economic development of China, Tanzania and India as those countries move into the modern Global economy. Many of the legislative changes presently proposed in Tanzania (and elsewhere) were outlined in the book. The authors’ premise, which is being borne out in present legislative trends, states that to participate in the development of a foreign economy investing companies must enter into mutually beneficial contracts.

 

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