Ursa Major Minerals hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-PGM mine, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Articles by Northern Miner Staff
Where does uranium go now? (April 13, 2011)
While the environmental and social consequences of the Fukushima Dai-ichi nuclear power plant disaster rightfully remain the central focus of all onlookers, its effect on uranium prices has not gone unnoticed either. In the wake of such a…
Chinese M&A benefits from cost of capital arbitrage (April 13, 2011)
China’s M&A is “stepping up a notch” and with access to cheaper capital from state-owned banks the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a new report from CITI Investment Research in…
Commentary: Five perspectives on oilsands closure
Much of the discussion these days around oilsands extraction in Alberta has focused on what the area can and should look like after closure.
Mercator to buy Creston Moly for $195 million
Vancouver – Mercator Minerals (ML-T) has entered an agreement to buy Creston Moly (CMS-V) in a friendly merger with significant potential for synergies that values Creston at $195 million.
Giustra shell joins rush for West African iron ore (April 12, 2011)
Vancouver – Investors have come to expect share-dilutive deals from Frank Giustra, one of Howe Street’s best known and most followed penny stock promoters. This does not seem to make the deals any less appealing, however, given the promoter’s…
Beaty closes in on 10/10
Vancouver – Of the 10 copper projects acquired by Ross Beaty’s Lumina Copper (lcc-v) in 2003 near the end of a five-year downturn for the resource sector and a dramatic fall in metal prices, it has kept just one, Taca Taca, in Argentina. The…
Caza Gold off to an active start
Recently listed Caza Gold (CZY-V) is off to a determined start at its early stage gold projects in Mexico and Nicaragua. The company re-capped its first quarter activities and outlined where it is heading in the coming months.
Peregrine Metals attracts attention
With the war for talent heating up in the mining industry it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc — a seasoned mining veteran who over the course of his 29-year career has…
Commodities strong but TSX flat
The commodities sector asserted its strength over the April 4-8 period but failed to take the heavily resource weighted TSX Composite Index along for the ride. The Index was off, if only mildly, 4 points for the period, finishing at 14,208.43…
Venture sees straight gains in April 4-8 period
Vancouver – Five straight days of gains had the S&P TSX Venture Exchange climbing 90.39 points in the April 4 to 8 period to close at 2,388.79 points. Activity was up from recent weeks at an average of 169 million shares traded daily, while…
Positive PEA pumps Prodigy (April 11, 2011)
Junior explorer Prodigy Gold (PDG-V) got a warm reception on the market after releasing a positive preliminary economic assessment (PEA) for its Magino gold project in northern Ontario.