Fortune, Posco to hook up
To advance its Mount Klappan anthracite coal project in northwest B.C., Fortune Minerals (FT-T) is partnering with South Korean steelmaker Posco.
Canada
Pele shares surge on Eco Ridge’s PEA
Pele Mountain Resources’ (GEM-V) shares got a healthy boost on the back of a positive preliminary economic assessment (PEA) that shows its Eco Ridge rare earth element (REE) and uranium project in Elliot Lake, Ont., could potentially be…
Commentary: Goldcorp-Cree agreement sets a precedent
For the first time since the Agreement Respecting a New Relationship Between the Cree Nation and the Government of Quebec (the Peace of the Braves) was signed in 2002, a major collaboration agreement was concluded in February 2011 between a…
Suppliers news
Stewart Group beefs up capacity
People
Alamos Gold – Leonard Harris retired as a director.
Champion Minerals shares jump on ArcelorMittal rumour
As rumours swirl that Champion Minerals (CHM-T) might become a takeover target for ArcelorMittal (MT-N), the junior has adopted a shareholder rights plan. The news sent the company’s shares up 20%, or 30¢ apiece, on July 4 to close at…
Mega Precious Metals working to prove Red Lake theories
Mega Precious Metals (MGP-V) has released another round of gold hits from its North Madsen project, as it works to establish an open-pittable resource near Red Lake, Ont.
Puget Ventures set to become Global Cobalt
Vancouver – Within weeks Puget Ventures (PVS-V) expects to complete a fundamental transformation from a modest Ontario-focused cobalt explorer into a global player with a new name, new financing, and a new focus on a the Republic of Altai in…
Cashed-up Century Iron exploring Quebec, Labrador
Vancouver – Backed by deep-pocketed investors, Century Iron Mines (FER-V) has launched as a new iron play in Quebec and the Labrador Trough.
Venture finds more gains in July 11-15 period
Vancouver – The S&P Venture Exchange Index climbed again in the July 11 -15 period, up 22.57 points to cross the 2,000-point threshold for the first time in over a month and end at 2,007.38 points. Volume averaged out to 91.7 million shares…
North Country Gold extends Three Bluffs’ strike
Highlights from drilling at North Country Gold’s (NCG-V) Three Bluffs west zone in Nunavut include intercepts of 7.34 grams gold over 25 metres in hole 11TB104, 8.06 grams gold over 30 metres in hole 11TBC001, and 43.02 grams gold over 4 metres…
Commerce pulls long REE intercept from Ashram
Commerce Resources (CCE-V) has pulled the longest intercept to date at its Eldor rare earth element (REE) project in Quebec’s Ungava region.