The shine is back on uranium stocks
Korea Electric Power Corporation is taking a 13.9% stake in Strathmore Minerals (STM-T) in a deal that will also give the Korean energy giant off-take rights to a portion of the uranium junior’s future production.
Canada
Canada/China sign landmark uranium deal
A new trade deal allowing exports of Canadian uranium to China is producing cheers from uranium companies across the country. The deal was one of several agreements signed during a visit this week to China by Canadian Prime Minister Stephen…
Marathon Gold going the distance in Newfoundland, Idaho
Vancouver – While Marathon Gold’s (MOZ-T) flagship project sits in the centre of Newfoundland, the company is also ramping up its U.S. presence with a 20,000-metre drill program on its Golden Chest mine in Idaho and its recent acquisition of…
Benton gets sniffs at Sewell-West project
In December last year Benton Resources (BTC-V) launched a 1,476-metre drill program at its Sewell-West Timmins grass roots project in northwestern Ontario, about 60 km west of Timmins and 40 km west of Lakeshore Gold’s (LSG-T) Timmins mine.
Grande Cache rises as deal closer to completion
Investment Canada doesn’t believe the haters, as the Feds have given the nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Cap-Ex steps out at Northwest zone of Block 103
Vancouver – Cap-Ex Ventures (CEV-V) has released positive step-out holes from the Northwest Zone of its Block 103 iron ore project that show the zone is open to the north, west, and south.
Panoramic launches hostile bid for Magma Metals
An unsolicited takeover bid for Magma Metals (MMW-V, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 76.5% to close at 15¢ on Feb. 3, with nearly three million shares changing hands.
Venture sees steady gains throughout January
Vancouver – The S&P TSX Venture Composite Index continued its steady January climb into early February, finishing the January 30 to February 3 period up 36.2 points at 1,665.11 points. The gains put the index back to a level not seen since…
Advancing a second key iron ore asset in Nunavut: Tuktu
Advanced Explorations (AXI-V) took another step in its bid to mold itself into a significant iron ore miner in Canada’s Far North.
Detour secures funds to build mine
Detour Gold (DGC-T) is raising $240 million in equity to finish building its Detour Lake mine near Cochrane, Ont., in hopes of becoming “Canada’s largest gold mining operation,” states the company’s president and CEO, Gerald Panneton, in a…
Roundup highlights new discoveries in BC, Yukon and Alaska
With the Association for Mineral Exploration British Columbia celebrating its 100th anniversary at this year’s Mineral Exploration Roundup in Vancouver, it was only fitting that most of the projects highlighted in the Tuesday sessions had long…
Entourage gets first sniff of high-grade gold near Hemlo
Entourage Metals (EMT-V) has added a second drill rig to its Black Raven gold prospect in the Schreiber-Hemlo greenstone belt of northern Ontario following encouraging first-pass drill results.