Granite Creek

Granite Creek Capital Partners Closes Oversubscribed Fund III at $300 Million

Retrieved on:

Tuesday, November 7, 2023

Odyssey, Partner, Granite, Partner (business rank), Transport, Entrepreneurship, Growth, L.L.C, Collection, Pinstripes, Bank, Cryptocurrency, Granite Creek

, a private investment firm based in Chicago, today announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P. (the “Fund” or “Fund III”), a $300 million fund focused on providing flexible capital to growing lower middle market companies.

Key Points:

, a private investment firm based in Chicago, today announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P. (the “Fund” or “Fund III”), a $300 million fund focused on providing flexible capital to growing lower middle market companies.
Granite Creek began fundraising for the FlexCap III fund in 2022 with an initial target of $250 million in total commitments.
With the close of Fund III, our team is well prepared to execute on our healthy pipeline of opportunities.”
Granite Creek Capital Partners closed its previous $200 million FlexCap II fund in 2019.
With the close of FlexCap III Fund, Granite Creek has over $700 million of assets under management across its strategies.

i-80 Gold Reports Q3 2023 Operating Results

Retrieved on:

Wednesday, November 1, 2023

Gold, Helen, RC, Granite Creek, Mining, Ruby, FS, Engineering, Gap, Webcast, NGM, Twin Creeks gold mine, CRD, Lone Tree, YTD, Cove, Palladium, Uranium mining, Nightclub

Exploration, evaluation, and pre-development costs were $10.0 million and $30.1 million for the three and nine months ended September 30, 2023.

Key Points:

Exploration, evaluation, and pre-development costs were $10.0 million and $30.1 million for the three and nine months ended September 30, 2023.
Lone Tree is expected to become the hub of i-80's Nevada operations and the central processing facility for gold mineralization from the Granite Creek, McCoy-Cove and Ruby Hill underground gold deposits.
Lone Tree produced and sold from its residual leaching activities 1,775 ounces of gold during the quarter and 5,138 ounces of gold YTD at a realized gold price of $1,925 and $1,961 per ounce sold1, respectively.
The Company will hold a conference call and webcast on November 2, 2023, commencing at 10:00 am ET to discuss its third quarter results and answer questions from participants.

i-80 Gold Provides Granite Creek Development and Exploration Update

Retrieved on:

Wednesday, October 11, 2023

Mining, Gold, NYSE, TSX, SPZ, GOLD, Twin Creeks gold mine, Rosario Mining Company, Rare-earth element, Ogee, Granite Creek

Mining is focused on the extraction of high-grade gold mineralization in the Ogee Zone while development progresses towards the South Pacific Zone ("SPZ").

Key Points:

Mining is focused on the extraction of high-grade gold mineralization in the Ogee Zone while development progresses towards the South Pacific Zone ("SPZ").
The SPZ is host to high-grade gold mineralization located immediately north of the underground mine workings and is expected to become the mine's main horizon beginning in 2024.
August 2023 was a record month for Granite Creek in terms of mill feed production.
2023 Drill Results from Granite Creek, estimated true widths 60-90%

i-80 Announces US$20 Million Gold Prepay Accordion with Orion Mine Finance

Retrieved on:

Thursday, September 21, 2023

Toronto Stock Exchange, GOLD, Ruby Hill, Sale, NYSE, Gold, NYSE American, TSX, News, Security (finance), Granite Creek

RENO, Nev., Sept. 20, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company"), is pleased to announce that it has entered into an amended and restated gold prepay purchase and sale agreement (the "A&R Gold Prepay Agreement") with an affiliate of Orion Mine Finance ("Orion"), pursuant to which the Company has received aggregate gross proceeds of $20 million (the "2023 Gold Prepay Accordion") structured as an additional accordion under the existing gold prepay agreement (the "2021 Gold Prepay Agreement") between the Company and Orion (see the Company's news releases dated December 14, 2021 and April 13, 2022).

Key Points:

RENO, Nev., Sept. 20, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company"), is pleased to announce that it has entered into an amended and restated gold prepay purchase and sale agreement (the "A&R Gold Prepay Agreement") with an affiliate of Orion Mine Finance ("Orion"), pursuant to which the Company has received aggregate gross proceeds of $20 million (the "2023 Gold Prepay Accordion") structured as an additional accordion under the existing gold prepay agreement (the "2021 Gold Prepay Agreement") between the Company and Orion (see the Company's news releases dated December 14, 2021 and April 13, 2022).
The existing $50 million accordion feature remains in place in the A&R Gold Prepay Agreement.
The 2023 Gold Prepay Accordion will be repaid through the delivery by i-80 to Orion of 13,333 troy ounces of gold over a period of 12 quarters, being 1,110 troy ounces of gold per quarter over the delivery period with the first delivery being 1,123 troy ounces of gold.
In connection with the 2023 Gold Prepay Accordion, the Company has issued to Orion warrants to purchase up to 3,750,000 common shares of the Company (the "New Warrants").

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on:

Tuesday, August 22, 2023

PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios. A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points:

The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on:

Tuesday, August 22, 2023

PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios. A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points:

The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Granite Creek Capital Partners Announces Investment in Salem One

Retrieved on:

Monday, August 14, 2023

Printing, Communication, Acquisition, L.L.C, Granite Creek, Management

CHICAGO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, L.L.C.

Key Points:

CHICAGO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, L.L.C.
, a private investment firm based in Chicago, today announced it has made a new platform investment in Salem One, a leading provider of corporate communication solutions, including direct marketing, packaging, and logistics services.
Granite Creek partnered with Phil Kelley, Jr., CEO and President of Salem One, and Scott Mahoney, a long-time shareholder and previous Chairman of the company.
In conjunction with Granite Creek’s investment in Salem One, Granite Creek Partner Brian Boorstein and Director Jordan Liss joined its Board of Directors.

i-80 Announces C$32 Million Private Placement of Common Shares

Retrieved on:

Tuesday, July 18, 2023

Toronto Stock Exchange, GOLD, FX, Offering, NYSE American, Senior management, TSX, News, NYSE, Legislation, Security (finance), Granite Creek

RENO, Nev., July 18, 2023 (GLOBE NEWSWIRE) -- i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company"), is pleased to announce that it has entered into an agreement with CIBC Capital Markets as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase on a bought deal private placement basis, 11,852,000 common shares of the Company (the "Offered Shares") at a price of $2.70 per Offered Share for gross proceeds of $32.0 million (the "Offering").

Key Points:

If the Underwriters’ Option is exercised in full, the aggregate gross proceeds to i-80 of the Offering would be $36.8 million.
The existing accordion feature with Orion Mine Finance for up to US$100 million remains in place.
The Offering is being offered by way of private placement in all provinces of Canada to investors who qualify as “accredited investors” under Canadian securities legislation or who are otherwise exempt from prospectus delivery requirements.
FX rate used to calculate pro-form cash is $1.3169 and as at July 18, 2023.

i-80 Gold Provides Comprehensive Operations Update

Retrieved on:

Tuesday, July 11, 2023

Detailed metallurgical test work is being completed for both gold and polymetallic base metal mineralization at Ruby Hill.

Key Points:

Detailed metallurgical test work is being completed for both gold and polymetallic base metal mineralization at Ruby Hill.
Once complete, and the Company has sufficiently advanced mine development at Granite Creek, Ruby Hill and Cove, a comprehensive study will be completed.
In the interim, sulphide (refractory) gold mineralization will be processed at NGM facilities pursuant to processing agreements that were previously negotiated.
i-80 Gold Corp's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.

Granite Creek Capital Partners Announces Investment in Pinstripes, Inc.

Retrieved on:

Wednesday, May 31, 2023

Growth, Granite, Family, Investment, Nightclub, L.L.C, Pinstripes, Granite Creek

CHICAGO, May 31, 2023 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, today announced it has made an investment in Pinstripes, Inc. (“Pinstripes” or the “Company”), an operator of dining and entertainment venues combining bowling, bocce, and Italian-American cuisine.

Key Points:

CHICAGO, May 31, 2023 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, today announced it has made an investment in Pinstripes, Inc. (“Pinstripes” or the “Company”), an operator of dining and entertainment venues combining bowling, bocce, and Italian-American cuisine.
Pinstripes currently operates 13 venues, with six additional locations under construction that are projected to open within the next 12 months.
The Company will use the proceeds from the investment from Granite Creek to finance its expansion.
“As we move into this next phase of growth, investments such as Granite Creek’s are instrumental to our expansion efforts.”