Allana Potash updates resource estimate in Ethiopia
An updated resource estimate based on just 40% of Allana Potash’s (AAA-V, ALLRF-O) licenced land in Ethiopia is better than the company had initially expected.
Industrial/Specialty Minerals
Market downturn hits juniors looking for capital
A faltering U.S. economic recovery, a potential economic cool down in China caused by inflationary pressures and a Greek debt crisis that simply refuses to go away have all translated into a tough start to the year for the junior resource…
Orbite produces first test aluminum
Shares in Exploration Orbite (ORT.A-V) have had a wild ride over the last year – moving from a low of 12.5¢ a share in July 2010, to a high of $5.69 on April 12, before slipping to the $3 range during the recent market slowdown.
Great Quest rises on Mali’s phosphate potential
It must have been one inspiring annual shareholders meeting for Great Quest Metals (GQ-V) as the company’s shares jumped just a day after it was concluded. In Toronto on June 14 the company’s shares were up 26% or 85¢ to $4.15 on 98,400…
New lithium junior gets ready to explore (June 13, 2011)
Newly listed International Lithium (ILC-V) spent two years cherry-picking projects, securing a strategic partner and fulfilling requirements for a plan of arrangement. Now, the company is ready to get the drills turning on its lithium and rare…
General Moly impresses
Investors always like to know when chief executives buy stock in the companies they head. So it didn’t pass unnoticed last week when Bruce Hansen, chief executive of General Moly (GMO-T, GMO-X), spent US$99,250 on the purchase of 25,000…
Canada Lithium shrinks Quebec Lithium’s resource
This year has been a bumpy ride for Canada Lithium (CLQ-T). The company has lowered the measured and indicated resource estimate for its Quebec Lithium project near Val d’Or, Que., by 37% compared to the previous estimate, which was prepared…
Largo Resources makes headway in Brazil
Largo Resources (LGO-V) acquired its Brazilian Maracas vanadium project in November 2006 and by September 2008 had taken the resource from 10 million tonnes to 23 million tonnes and completed a feasibility study. Between 2005 and 2008, the…
Exploration Orbite produces first aluminum
Exploration Orbite (ORT.A-V) has had a wild ride over the last year — moving from a low of 12.5¢ a share in July 2010 to a high of $5.69 on April 12 2011, before slipping to the $3 range in the recent market slowdown.
New lithium junior gets ready to explore (June 06, 2011)
Newly listed International Lithium (ILC-V) spent two years cherry picking projects, securing a strategic partner and fulfilling a plan of arrangement in May, and now is ready to get the drills turning on its lithium and rare metal properties.
Quadra attracts Sumitomo to Sierra Gorda
Quadra FNX Mining (QUX-T) is hooking up with Sumitomo to develop the sizable Sierra Gorda copper-molybdenum project in the Atacama Desert of northern Chile.
Majors pour billions into Eastern Canada
It’s not quite as exciting as a new mine built from scratch on a substantial mineral discovery but, in dollar terms, the recent expansions announced by majors active in eastern Canada all add up significant economic activity.