Avanti secures $640M financing for Kitsault
Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern B.C., with five lenders agreeing to provide up to $640 million in loans.
Industrial/Specialty Minerals
Colt quietly pursues advanced-stage exploration in Portugal
VANCOUVER — Montreal-based junior explorer Colt Resources (GTP-V) has focused on a few different projects since it hit the Toronto Venture Exchange last February, but its eye has always been on Portugal.
Canada Lithium slides on $30M financing
Canada Lithium (CLQ-T) saw its share price deflate after saying it will raise $30 million in equity to finish building and commissioning the Quebec Lithium project near Val d’Or, Que., by year-end.
Bolero jumps on graphite trend
VANCOUVER — Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.
China’s investment in smart grids to benefit copper, aluminum
China plans to increase investment in its power sector by 88% under its 2011–2015 plan, and a significant amount of that will be directed towards smart-grid technology, London-based Barclays analyst Gayle Berry writes in a recent research…
Tin and silver: The new electric metals
Historic high prices for tin and silver are in the cards between now and 2018 as demand for the two metals in solder used in the electronics industry continues to climb and supply fails to keep pace, Jon Hykawy, head of global research at Byron…
PotashCorp’s Q1 misses the mark
Potash Corp. of Saskatchewan (POT-T, POT-N) reported lower first quarter profits on the back of reduced potash sales and production volumes, revising its 2012 earnings guidance.
Lifton describes copper as the “nerves of civilization”
In a keynote address at Byron Capital Markets’ third annual conference on electric metals in Toronto last week, Jack Lifton warned that the prospect of copper shortages should be of far greater concern than of electric metals such as rare…
Potash remains a hot commodity on the Canadian prairies
VANCOUVER — With world populations marching ever upward, and an updated forecast from the U.S. Department of Agriculture estimating the largest U.S. corn crop in 75 years through 2012, it comes as no surprise that potash exploration…
Analyst questions Orbite’s ‘game-changing’ technology
Orbite Aluminae (ORT-T) has been pushed in the spotlight after an analyst raised concerns about some of the technology the company will use to extract alumina and rare earths from its Grande-Vallee property in Quebec.
Augusta moves Rosemont forward
Augusta Resource (AZC-T, AZC-X) is slowly but surely pushing its Rosemont project in Arizona towards production by securing the sixth major permit needed to start building the primarily copper project located in Pima County, 50 km southeast of…
Avanti secures $640-million financing for Kitsault
VANCOUVER — Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern British Columbia, with five lenders agreeing to provide up to $640 million in loans.