Commerce Resources’ Ashram rare earth project at $2.3bn NPV
VANCOUVER — Commerce Resources (CCE-V) has outlined the financial case for its remote Ashram rare earth project in a preliminary economic assessment.
Industrial/Specialty Minerals
Revamped Virgin Metals improving Los Verdes
VANCOUVER — Back in 2008 Virgin Metals (VGM-V) was banking big on the high molybdenum price, marketing its advanced Los Verdes deposit in Mexico’s Sonora State as an exciting moly play and trying to rush it towards production.
Talison celebrates best Q3 ever
Cash-rich Talison Lithium (TLH-T) has booked record third-quarter sales volume, revenue and net income from its high-grade Greenbushes operation in southwestern Australia sending its shares higher.
Syncrude keeps on rolling
The Syncrude mine may not have been the first major oil operation in the Athabasca Oil Sands, but it was the second and it still stands as one of the region’s dominant oilsand projects.
Thompson Creek to raise $412M for Mt. Milligan funding gap
VANCOUVER — Thompson Creek Metals (TCM-T, TC-N) has set out to raise about $412 million in two separate financings to plug a funding shortfall at its under-construction Mt. Milligan mine in British Columbia.
Potash a hot commodity on the Canadian prairies
With the world’s population marching upward, and the U.S. Department of Agriculture estimating this year we’ll see the largest U.S. corn crop in 75 years, it may be no surprise that potash exploration and project development…
Analyst questions Orbite’s ‘game-changing’ technology
Orbite Aluminae (ORT-T) has been pushed into 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-Vallée property in Quebec.
PotashCorp’s Q1 misses the mark
Potash Corp. of Saskatchewan’s (POT-T, POT-N) first-quarter profits disappointed with lower potash sales, curtailed production and increased costs. But after trimming its 2012 earnings guidance, the Saskatoon-based company expects…
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.
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.