Mining Stock Updates: SLAM, American Tungsten & Dynacor – Big Moves on Exploration & Expansion 🛢️
Hey mining investors, listen up! 🚨 Three hot mining plays just dropped major updates—from new mineral claims to drilling launches and overseas expansion. Whether you’re into copper-nickel-cobalt, tungsten, or gold processing, these moves could shape your next moves. Let’s dive in!
SLAM Acquires New Cu-Ni-Co Show Area Claim Adjacent to Goodwin Project
Exploring Gold, Silver, and Critical Minerals in Mineral-Rich New Brunswick, Canada
Miramichi, New Brunswick / ACCESS Newswire / March 11, 2026 / $Slam Corp.(SLAMF)$SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce that, pursuant to an option agreement signed on February 18, 2026, it has acquired copper-nickel-cobalt mineralization discovered in diamond drill holes adjacent to its Goodwin Project. This mineral show area is located on a 175-hectare claim known as the Mount Raymond claim. The acquisition expands the Goodwin Project to cover an area of 12,500 hectares, situated within a 25-kilometer-long mineralized gabbro and volcano-sedimentary belt with copper, nickel, and cobalt potential. The Goodwin Project is road-accessible and located within the mineral-rich Bathurst Mining Camp in New Brunswick, Canada.
A cobalt-copper-nickel occurrence covered by the Mount Raymond claim, with a copper grade of up to 0.43%, nickel of 0.12%, and cobalt of 0.11%, is associated with semi-massive to massive sulfide mineralization consisting of pyrrhotite and chalcopyrite. It was discovered in a drill hole drilled by previous prospectors in 2011, with an intercepted core length of 1.65 meters. Other reported samples from this drill hole showed two 1.0-meter intervals containing 0.18% cobalt and 0.12% vanadium, respectively. (Source: New Brunswick Department of Natural Resources and Energy Development, Mineral Production Database, Reference No. 1529; and New Brunswick Assessment Report 477287).
To acquire the claim, the Company entered into an arm’s-length option agreement with Great Atlantic Resources Corp. (the “Optionor”) on February 18, 2026, to acquire a 100% interest in the Mount Raymond claim (the “Asset”) located in New Brunswick. To obtain the 100% interest in the Asset, SLAM must, within three (3) years: (1) pay a total of C$82,500 in cash to the Optionor; (2) issue a total of 675,000 common shares to the Optionor; and (3) incur a minimum of C$200,000 in qualified expenditures, all to be performed in accordance with the following schedule:
Once SLAM obtains the 100% interest, the Optionor will retain a 2% NSR royalty on the Asset. SLAM may elect to repurchase one-half of this royalty (i.e., 1.0% NSR) at any time for one million Canadian dollars ($1,000,000) and has a right of first refusal to purchase the remaining royalty prior to commercial production.
The agreement and the proposed share issuance remain subject to the approval of the TSX Venture Exchange. Pursuant to Canadian securities laws, all securities issued will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance. No finder’s fees are payable in connection with this agreement.
American Tungsten Initiates Drilling in Historical Tailings and Strengthens Geological Team
Vancouver, British Columbia – (Newsfile Corp. – March 11, 2026) – $AMERICAN TUNGSTEN CORP.(TUNGF)$American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) (“American Tungsten” or the “Company”) today announced the initiation of a auger drilling program at the historical tailings impoundment of the IMA Tungsten Mine, located in Lemhi County, Idaho. Drilling activities will be conducted over a 30-acre area of historical tailings left from past mining operations.
As reported by the Company on January 20, 2026, initial samples of historical tailings collected in shallow trenches averaged 0.25% tungsten trioxide (WO3) and 0.48 ounces per ton silver. American Tungsten has contracted Haz-Tech Drilling Inc. of Nampa, Idaho, to conduct hollow-stem auger drilling at the tailings area. A total of 35 drill holes, totaling approximately 370 feet of drilling, are currently planned to delineate tailings thickness and collect samples for assaying and in-situ density testing. The drilling program is expected to last approximately one week.
Ali Haji, Chief Executive Officer of American Tungsten, stated: “The tailings drilling program is a key component of our strategy to unlock value and fully define the opportunities at the historical IMA Mine. Initial sampling continues to support our view that tungsten grades in the tailings are representative of the overall level of remaining material on-site. Modern processing technologies are far more efficient than those available in the 1950s, and we believe there is a clear path to significantly improve historical recovery rates. The tailings represent an attractive, low-cost, early-production opportunity that can generate near-term cash flow while advancing meaningful site rehabilitation as part of our overall development plan.”
American Tungsten also announced that Max Baker has joined the Company as a consultant to the geological team. With over 45 years of global exploration experience across Australia, Asia, Europe, and the Americas, Max has played a key role in several significant mineral discoveries and has advanced projects from early-stage exploration through resource definition and development phases.
Ali Haji, Chief Executive Officer of the Company, commented: “Max joins American Tungsten at a critical juncture. His deep experience in translating geological potential into mineable resources will be instrumental as we advance towards production this year. His leadership strengthens our confidence in delivering tungsten supply domestically in the United States.”
Dynacor Provides Update on Overseas Expansion, Including Progress in Senegal and Ecuador
Montreal, March 11, 2026 (GLOBE NEWSWIRE) — $Dynacor Group Inc.(DNGDF)$Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the “Company”) is pleased to provide an update on the construction and upgrade activities at its facilities in Senegal and Ecuador. Both facilities are expected to begin processing their first ore in 2026.
Overseas Expansion Update
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Senegal – On-site work and equipment shipments continue as planned, with first ore processing expected in the second quarter of 2026.
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Ecuador – Integration work is ongoing, and the main plant contract has been awarded. First ore processing is expected in the fourth quarter of 2026.
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Ghana – Discussions with the Ghana Gold Authority are progressing.
Senegal
Work on the pilot plant is advancing as planned, with on-site activities proceeding in parallel with equipment shipments. To date, modular plant equipment delivered to the site includes a Merrill Crowe circuit, jaw crusher, leach tanks, offices, and a laboratory. All remaining equipment is either already in Dakar or en route to Dakar.
Site preparation work for the plant is proceeding as scheduled. Work includes pouring concrete foundations, tailings pond cells, fencing, and access roads. Drilling for the plant’s water supply has been completed. Based on years of discussions with key stakeholders, the Company is engaged in pricing discussions with local artisanal mining sites to supply the required small-scale ore feedstock for the pilot plant. First ore processing remains on track for the second quarter of 2026.
Meanwhile, Dynacor is gradually building visibility in surrounding communities through initial small-scale community initiatives. These include a partnership agreement signed between Dynacor’s Senegalese subsidiary, Galam S.A., and a local technical, industrial, and mining high school, aimed at creating internships for local youth and fostering local wealth creation; upgrading a local road; and donating school supplies.
Ecuador
The Company continues to advance the integration of the Svetlana processing plant on multiple fronts:
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Processing Plant – The Engineering, Procurement, and Construction Management (EPCM) contract for the tailings pond upgrade has been signed. Dynacor’s in-house project implementation team has arrived on-site, which will benefit local Ecuadorian suppliers. Requests for Quotation (RFQs) for key path activities are being prepared.
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Dynacor’s Ecuadorian subsidiary has been established and named Sumacor-EC, and recruitment of key personnel has begun, with the first operational staff having arrived on-site.
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As part of its commitment to responsible processing, Dynacor has repurposed on-site waste, delivering it to authorized third-party recycling companies.
In coordination with local authorities, the Company has begun providing necessary support to local communities for local development, including promoting employment for single mothers, offering solid waste management training, and improving road infrastructure. Plans for 2026 will include a data collection initiative to improve the quality of socioeconomic information for local communities.
Ghana
Discussions with the Ghana Gold Authority are progressing on a proposal for Dynacor’s potential operating structure in Ghana. The Company is optimistic about reaching an agreement with the Ghana Gold Authority that will create long-term value for all stakeholders.
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