back to homepage

Mining & Metals

PolyMet Closes Successful Rights Offering; Financed to Complete Permitting & Prepare for Construction 0

ST. PAUL, MINNESOTA — (Marketwired) — 07/05/13 — PolyMet Mining Corp. (TSX: POM)(NYSE MKT: PLM) ("PolyMet" or the "Company") is pleased to announce the successful completion of its $60.5 million offering (the "Rights Offering") of rights to acquire common shares of PolyMet (the "Rights") which expired at 5:00 PM EST on July 3, 2013. All amounts are in US$.The Company received 3,194 subscriptions for a total of $95.485 million for 144.674 million commo

Read More

Melior Resources and Firestone Ventures Announce Proposed Friendly Acquisition of Firestone Ventures and Bridge Loan 0

TORONTO, ONTARIO and EDMONTON, ALBERTA — (Marketwired) — 07/05/13 — Melior Resources Inc. (TSX VENTURE: MLR) ("Melior") and Firestone Ventures Inc. (TSX VENTURE: FV) (FRANKFURT: F5V) ("Firestone") announced today that they have entered into a letter of intent (the "Letter of Intent") in connection with a proposed transaction (the "Proposed Transaction") pursuant to which Melior would acquire all of the issued and outstanding common shares of Firestone

Read More

Avino Announces Results of Annual General and Special Meeting 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 07/05/13 — Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(NYSE MKT: ASM)(BERLIN: GV6)(FRANKFURT: GV6) ("Avino" or the "Company") is pleased to announce that it received approval for all proposals submitted to shareholders at its Annual General and Special Meeting held on Thursday, June 27, 2013.Shareholders elected five nominees to serve a one-year term on the Board of Directors: Michael Baybak, Andrew Kaplan, Gary Rob

Read More

Formation Metals Executes Mutual Release with Waterton 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 07/05/13 — Formation Metals Inc. (TSX: FCO) ("Formation" or "the Company") announced today that it has executed a full and final mutual release (the "Release") with certain entities that are associated or affiliated with Waterton Global Resource Management, Inc. ("Waterton") in respect of the Letter Agreement dated June 5, 2013 regarding the potential sale of its Sunshine Precious Metals refinery, copper r

Read More

New Millennium Iron Corp. Announces Clarifications About Tata Steel Minerals Canada-s Positive Agreement With the Iron Ore Company of Canada Regarding the Shipment of Its DSO Products 0

CALGARY, ALBERTA — (Marketwired) — 07/05/13 — New Millennium Iron Corp. ("NML" or the "Corporation") (TSX: NML)(OTCQX: NWLNF) announced yesterday that Tata Steel Minerals Canada ("TSMC"), in which NML has a 20% interest, advised that it had entered into a confidential agreement for the sale of TSMC-s iron ore production to the Iron Ore Company of Canada ("IOC"). The contract shall allow TSMC to commence shipment of its products in the current year.Und

Read More

Northern Vertex Advises Metallurgical Results on Low Grade Mineralized Material for Moss Mine Gold-Silver Project, NW Arizona; 82.7% Au Recovery Rate in a 73 Day Leach Cycle 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 07/05/13 — Northern Vertex Mining Corp. (TSX VENTURE: NEE) (the "Company") is pleased to provide the metallurgical results obtained from heap leach cyanidation (column leach) testwork on a mineralized material low grade bulk sample from the Moss Mine Gold-Silver project located in Mohave County, Arizona, USA with highlights as follows:McClelland Laboratories, Inc., Sparks, Nevada, specialists in heap leach processing, have completed me

Read More

Comstock Announces the Start of the VG Phase 2 Drilling Program 0

— 620 metre step-out from previous drilling confirms the VG Zone continuity along strike — 9 drill holes completed — Drill hole logging and sampling continues

Read More

Lake Shore Gold Reports Record Production in Second Quarter 2013 0

Record gold poured of 31,800 ounces in second quarter 2013, with record gold production of 30,800 ounces Average mill throughput for second quarter 2013 of 2,540 tonnes per day ("tpd"), including over 2,800 tpd during final three weeks of June Average grade of 4.3 grams per tonne ("gpt") in second quarter 2013 (4.6 gpt in June), with year-to-date average grade of 4.1 gpt Company on track to produce 120,000 to 135,000 ounces of gold in 2013

Read More

Premier African Minerals Ltd. Reports Holdings of Common Shares of Ethiopian Potash Corp. 0

LONDON, UNITED KINGDOM — (Marketwired) — 07/04/13 — Premier African Minerals Ltd. ("PREM") announces that PREM acquired control over an aggregate of 120,000,000 common shares ("Common Shares") of Ethiopian Potash Corp. ("EPC") as part of a series of transactions (the "Transactions"), including the acquisition by EPC of all of the issued and outstanding shares of G and B African Resources SARL ("G&B Togo") and G and B African Resources Ma

Read More

Ethiopian Potash Corp.: News Release 0

TORONTO, ONTARIO — (Marketwired) — 07/04/13 — Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE: FED) is pleased to announce that the Company has received final approval from the TSX Venture Exchange ("TSXV") in respect of (1) the early exercise of the option (the "Option") to acquire G and B Central African Resources Ltd. ("G&B") which owns the Danakil Property and the forming of a joint venture (the "JV") between E

Read More