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Machinery at Molycorp's Mountain Pass REE mine in California. Photo by Trish Saywell

Molycorp secures offtake agreements for 78% of REE production

In early January, Molycorp (MCP-N) announced that it had found a home for more than three quarters of its first phase of production, ahead of starting up a rare earth production facility at its Mountain Pass rare earths mine in California.




Hecla closes Lucky Friday for one year

Mining analyst Chris Lichtenheldt of UBS Investment Research has cut his 12-month target price on Hecla Mining (HL-N) to US$8.00 per share from his earlier forecast of $9.85 per share after the silver producer announced it has closed its Lucky…


Quest surges on drill results

Shares of Quest Rare Minerals (QRM-V) closed 25% higher at $3.23 per share Jan. 12 after the junior announced that heavy rare earth oxides represented 22.4-76.5% of the total rare earth oxide content intersected in its drill program at Strange…



Alexis is on the move

This year will be busy one for Alexis Minerals (AMC-T) as it continues to fix the operating Lac Herbin gold mine in Val-d’Or, Que., and moves the Snow Lake gold mine in Manitoba closer to production.   


Low cost recoveries lift U3O8 Corp.

Initial metallurgical testing at U3O8 Corp.’s (UWE-V) Berlin project in Colombia are in and the prospect of lower extraction costs had the company’s shares riding high.


Shareholder accuses Baja Mining of “culture of nepotism”

Mount Kellett Capital Management–the largest shareholder in Baja Mining (BAJ-T) with 19.9% of its shares–is criticizing the Vancouver-based junior for what it describes as a “prevailing culture of nepotism and preference at the company.” Baja…


Midas has the golden touch in Idaho

Just six months after completing its $45.2-million initial public offering in July 2011, Midas Gold (MAX-T) has firmly emerged as the leading gold explorer in Idaho following the state’s recent resurgence as a prospective mining jurisdiction.


Guyana Goldfields updates Aurora parameters

Guyana Goldfields (GUY-T) will release the findings of a definitive feasibility study on its Aurora gold project in late February following a four-week peer review, the company says, and a revised resource estimate will be out before the end of…



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