Aurelius Minerals of Vancouver has exercised its option early to acquire a 100% interest in the Mikwam gold property 160 km northeast of Timmins. The company issued 1.5 million shares as share option payments to the former owner, ALX Uranium Corp.Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX, and the company retains a 5% net smelter royalty.This acquisiti...Read More
Mr. Murray Payne reportsDYNACERT ANNOUNCES OFFERING AMENDMENT, PROPOSED OVERSUBSCRIBED SECOND TRANCHE CLOSING AND WARRANT AMENDMENTSDynaCERT Inc. has received subscriptions for an aggregate of $2,454,480 in respect of the proposed closing of the second tranche of its financing previously announced of up to $3-million of units (see press releases of Sept. 18, 2018, Sept. 20, 2018, and Sept. 25, 201...Read More
The Federal issues a cautionary note about risks to financial stability.It says trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats.Jeff Cox| @JeffCoxCNBCcomPublished 10 Hours AgoUpdated6 Hours AgoCNBC.com show chapters Financial systems are more resilient than before the crisis, says Fed financial stability report&nb...Read More
Mr. Dan Stuart reportsJUGGERNAUT ARRANGES $1,650,000 FUNDING Juggernaut Exploration Ltd. has arranged a non-brokered private placement forgross proceeds totalling $1.65-million. The offering has strong support from both institutions andaccredited investors alike in both the Americas and Europe. Upon closing, Juggernaut Exploratoin will be firmlypositioned to meet its 2019 exploration commitments o...Read More
Mr. Akiko Levinson reports IRVING RESOURCES COMPLETES NON-BROKERED PRIVATE PLACEMENTIrving Resources Inc. has closed the non-brokered private placement announced on Nov. 20, 2018. The company raised $2,083,802 by the issuance of 1,894,365 units at a price of $1.10 per unit.Each unit consists of one common share of the company and one-half of a share purchase warrant.Each whole warrant is exercisab...Read More
The TSX Venture Exchange has accepted for filing the following share purchase agreements. A share purchase agreement dated Aug. 12, 2018, between the company and Jayden Resources Inc., whereby the company will acquire an 80-per-cent interest in the Silver Coin property located in British Columbia.The purchase is through the acquisition of the issued shares of Jayden Resources (Canada) Inc. Conside...Read More
The Commerce Department said new home sales dropped 8.9 percent to a seasonally adjusted annual rate of 544,000 units last month.New home sales in the South, which accounts for the bulk of transactions, declined 7.7 percent to their lowest level since July 2017.The median new house price in the U.S. fell 3.1 percent to $309,700 in October from a year ago.Published 10 Hours AgoUpdated7 Hours AgoReu...Read More
Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, has identified several kilometer-scale targets under copper - gold surface mineralization at its Sombrero project in Southern Peru. The targets identified tend to begin at surface and can continue to a depth of 600 meters, representing more than one substantial opportunity for skarn and porphyry mineralization.Ivan Bebek, Executive Chairman and D...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average saw its biggest gains since March on Wednesday, trading higher for a third straight session, after Federal Reserve Chairman Jerome Powell said interest rates are "just below" neutral for the economy.Tiffany & Co. (TIF) sank 12% after the luxury jewelry retailer cut its growth outlook for full...Read More
Base metal prices were resurgent on the London Metal Exchange on Wednesday November 28, with prices for the entire complex closing higher than their Tuesday levels, with the exception of tin.Tin's three-month price continued to fall over afternoon trading, closing at $18,240 per tonne with just 550 lots traded.Copper prices were buoyed by disruptions to cathode supplies to smelters operated by Eur...Read More
Aben Resources Ltd. (TSX.V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) reported further results from the recently completed drill program at the Forrest Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 high-grade gold discoveries at North Boundary. This round of focused drilling tested for the depth and lateral extension of known mineralized...Read More
Weekly Reports |Nov 27 2018Longview Economics provides technical, fundamental and military reasons to be bullish uranium.-History suggest price retracement-China drives nuclear power demand-US-China tensions drive nuclear arsenal build-upBy Greg PeelFrom 2001 to 2007 the spot uranium price rallied 175% from US$7/lb to US$136-138/lb to mark one of the biggest asset price bubbles in recent history,...Read More
Tight supply helped buoy nickel premiums in China although low offers in Europe and the United States pushed briquette premiums down in those regions. Tight nickel supply in China supports market there despite closed import window Influx of briquettes into US pushes premiums lower Aggressive offers in Europe push premium downLimited supply supports Chinese bonded premium The Shanghai-bonded nickel...Read More
Bob Moriarty ArchivesNov 28, 2018The US Department of the Interior recently released a list of35 “Critical Minerals” includingtellurium. With China producing over two thirds of the world’s consumption of the metal today certainly the mineral would be in serious shortage should the current trade war between the US and China get even more stupid.I’m not sure exactly what putt...Read More
Zinc premiums made gains in the Taiwanese and Indian markets on Tuesday November 27 with residual supply not sufficient to appease demand. Lead markets are focused on annual contracts, with US spot market activity diminished for this reason. Zinc premiums rise in Taiwan and India Annual zinc premiums start to settle lower in Europe Lead premiums flat on spot as market eyes annual cont...Read More
Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We won't know until January how retail sales fared this holiday season. I know that, away from Wall Street carnival barkers, the retail indu...Read More
A plunge in silico-manganese futures prices on the Zhengzhou Commodity Exchange (ZCE) at the start of this week was driven by weakness in China's steel market, market participants told Fastmarkets. On Monday November 26, trading was suspended for the ZCE's most-traded January silico-manganese futures contract after the price of the contract plunged by 7.1% from the previous trading day's close. Th...Read More
Investors responded, sending the little-traded Altus' share price up 6.8% to 3.8p (US4.85c).The boost came from rock chip sampling at the Simret prospect, which is part of the Daro VMS project.The highest numbers from the 31-sample programme were 944g/t and 540g/t silver, and 3.55g/t gold.Altus CEO Steve Poulton said the numbers showed the possibilities of the region's copper-gold-silver mineralis...Read More
Vanadium trade log including business, bids and offers reported to Fastmarkets.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday November 23Ferro-vanadium - Prices indicated a...Read More
The reduced rate of steel production and falling profitability is being blamed by China's steel mills on the US versus China trade war which is starting to hit construction and manufacturing, tw...Read More