Share this article THUNDER BAY - Great Atlantic Resources Corp. (TSXV:GR) reported the closing of its previously announced non-brokered private placement offering for aggregate gross proceeds of $1,450,000 in units of the Company at a price of $0.50 per Unit. Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, subscribed for the entirety of the Privat...Read More
We spoke with Dr. Stephen Grocott, Managing Director and CEO of Queensland Pacific Metals Ltd (ASX: QPM), who is the 100% owner of the Townsville Energy Chemicals Hub ("TECH Project"), located in Townsville, in the newly established Lansdown Eco-Industrial Precinct, intended to be Northern Australia's first environmentally sustainable, advanced manufacturing, processing and technology hub. The TEC...Read More
I don't think I've ever mentioned it, but one of my favorite sectors to trade is biotechnology.The reason is simple: On any given day, this sector has the potential to hand out the biggest, fastest gains of any sector. In fact, three of the market's five biggest gainers today are biotech companies. Source: Barchart.comAnd I can guarantee that this coming Monday one of the market's top five gainer...Read More
Lomiko Metals (TSXV: LMR; US-OTC; LMRMF) has released a preliminary economic assessment (PEA) for its 100%-owned La Loutre graphite project in southeastern Quebec, about 120 km northwest of Montreal.The PEA envisions an open-pit mine with an average annual production of 97,400 tonnes of graphite concentrate over a 14.7-year mine life for a total life-of-mine output of 1.4 million tonnes of graphi...Read More
The first gold has been poured at Thor Exploration's (TSXV: THX; AIM: THX) 100%-owned Segilola open-pit mine in Nigeria and the company forecasts the mine will produce about 40,000 oz. gold this year.Commercial production is targeted for September when the plant will be running at a processing rate of 715,000 tonnes per year; Segilola will be Nigeria's first commercial gold mine, Thor says.Segilol...Read More
In its second acquisition in the battery metals space in six months, Sibanye-Stillwater (NYSE: SBSW), one of the world's largest primary producers of platinum, palladium and rhodium and its third-largest gold producer on a gold-equivalent basis, is buying 100% of Eramet SA's Sandouville nickel hydrometallurgical processing facility in Normandy, France, in a deal valued at ?,?65 million ($96 millio...Read More
Lucara Diamond (TSX: LUC) has recovered a 393 carat diamond from its company's Karowe mine in Botswana, the seventh stone greater than 300 carats dug up at the operation so far this year. The top white Type IIa gem rock, found from direct milling of ore sourced from the M/PK(S) section of the South Lobe, is also third gem quality +300 carat produced from the unit. The other two are...Read More
SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) is selling its non-core royalty portfolio to EMX Royalty (TSXV: EMX; NYSE-AM: EMX) for a total of US$100 million.The sum consists of US$33 million in cash; US$33 million in EMX shares; and US$34 million in deferred compensation payments that will be delivered on project development milestones.Once the transaction closes, SSR Mining will own about 12%...Read More
I was at a friend's birthday party last night, talking to his brother-in-law.We were discussing the housing market and how out-of-joint it is.He's a contractor."The Fed's printing too many ferns," he said casually.I agreed and started to go on about bond purchases and tapering, but it was pointless.This man had already laid it out plain. Nothing more needed to be said.The Fed's printing too many f...Read More
Empress Royalty Corp. is pleased to announce the execution of a URead full newsRead More
China's domestic nickel sulphate prices rose to a new high on 27 July, with import prices also surging amid burgeoning demand from the new energy vehicle (NEV) and battery sectors and tight local supply.Read full newsRead More
Ken Hoffman, the head of EV Research at McKinsey Co, says we are two years out from a Class 1 nickel shortage.Read full newsRead More
UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More
Long-term investors often view gold as a hedge against stocks. However, gold stocks usually generate higher returns than physical gold prices, making them better investments than the yellow metal. As per a McKinsey & Company report, gold stocks had provided a 33% return to the shareholders in 2020, easily outpacing major indexes such as the S&P500 and Dow Jones.If markets turn turbulent in...Read More
The Fed moved closer to tapering stimulus but said there was "some ground to cover to get there", Bloomberg reported.Rates were kept near zero.Gold was back above US$1,800 an ounce and around $1,816/oz on the spot market at the time of writing.Australia-based iron ore producer Fortescue Metals Group shares were at an all-time high of A$26.58 in morning trade, taking the company's market capitalisa...Read More
EBITDA of US$12.1 billion was 5% above forecasts, while underlying profit of US$5.3 billion or US$4.30/sh was also comfortably higher than consensus estimates.Read More
We spoke with Sam Spring, President & CEO of Kincora Copper Ltd. (TSXV: KCC, ASX: KCC). Kincora is focused on becoming the leading listed, pure play explorer, in the Lachlan Fold Belt (LFB) of Australia. The LFB is a world-class gold and copper region, hosting an estimated endowment, of over 100Moz gold and over 24Mt copper. It is Australia's foremost porphyry region that hosts flagship operations...Read More
Temperatures reached over 120 degrees Fahrenheit in the oil-rich Iranian province of Khuzestan, and water shortages were making it difficult for people to, well, survive.As a result, huge protests popped up all around the country, and government officials gave the go-ahead to counter those protests with live ammunition.The official death count is eight, although insiders suggest it's higher.Of cou...Read More
Nouveau Monde Graphite (TSXV: NOU; US-OTC: NMGRF) has begun civil construction works for its Matawinie graphite mine in Saint-Michel-des-Saints, Quebec, 120 km north of Montreal. Commercial production is scheduled to begin by the end of 2023.The company is taking a phased approach to becoming a vertically integrated source of green battery anode material. First is development. The company says tha...Read More
Anglo American (LSE: AAL) will return US$4.1 billion to shareholders as soaring commodity prices and the re-opening of economies around the world helped the company hit the best half-year profits in its 104-year history. The diversified miner reported pre-tax profits of US$10.1 billion for the six months to June, up from US$1.7 billion in the same period last year. Revenue rose 114% to US$21...Read More