M&A, Financings Power Junior Sector
The year’s 23rd trading week was highlighted by lots of small but significant events, as the North American mining sector continued to gain strength after a long hard winter of hunkering down.
Canada
Puget Sees Lustre In Base Metals
Plummeting prices and demand didn’t discourage Puget Ventures’ (PVS-V) president, Erin Airton, from forming a junior focused on base metals over the last year. In fact, she says it seemed like the log…
Teck sells 33% of Waneta Dam for $825 million
Vancouver – In its latest debt-reduction move, Teck Resources (TCK.B-T, TCK-N) is selling a 33% stake in its Wane…
Positive prefeasibility for Potash One’s long-life Legacy mine
Vancouver – Backed by a resource of more than 1 billion tonnes of potassium chloride, a prefeasibility study for …
K2O grades a milestone for Western Potash
Vancouver – Western Potash (WPX-V) released drill results for the first of two holes it has drilled at its Mileston…
Detour Gold raising $48.4 million
Detour Gold (DGC-T) is raising $48.4 million in a bought-deal financing to advance its Detour Lake gold project 180…
Underworld Hits Longest Gold Intercepts Yet
VANCOUVER — A trio of strong drill results from the White Gold property in the Yukon propelled Underworld Resources’ (UW-V, UNDWF-O) share price up 34% or 36¢ to $1.41.
Athabasca Potash Ups Burr Resource
Athabasca Potash (API-T, ABHPF-O) has reported a significant boost to resources at its Burr project in Saskatchewan.
Creston And Tenajon Join Forces
VANCOUVER — A proposed merger of Creston Moly (CMS-V) and Tenajon Resources (TJS-V, TJSAF-O) is set to create a molybdenum development company with a strong pipeline of projects.
Big Iron’s Gamesmanship
The tectonic shift in the iron ore business dominated headlines during the 22nd trading week of the year, as Rio Tinto ripped up its US$19.5-billion proposed financing with Chinalco and struck a new d…
Mexican Businessman Buying As Much As 55% Of Copper Fox
VANCOUVER — A Mexican tomato tycoon, Ernesto Echavarria, who calls himself a risk-taker, is coming to the rescue of Copper Fox Metals (CUU-V, CPFXF-O) with a much-needed $6-million financing that cou…
Sage Gold Scooping Up Puma
An all-share merger between Geraldton-Beardmore explorer Sage Gold (SGX-V, SGGDF-O) and Consolidated Puma Minerals (CPW-V, CPMAF-O) will leave Sage with an extra $3.5 million in its coffers and the fl…