Fireweed Zinc (FWZ.V) has signed to agreements to acquire a total of 24,400 additional hectares at the MacMillan Pass zinc project in Canada's Yukon Territory. This more than doubles Fireweed's total project size to 469 square kilometers, and the new land claims appear to be prospective for additional SEDEX mineralization as well.The first 11,700 hectares will be acquired by making total payments...Read More
Supply of copper concentrate will remain tight for another five years due to a lack of new mining projects and excess smelting capacities, Codelco's new commercial vice president, Roberto Ecclefield, said. "We see five more years of very tight markets - there is plenty of treatment capacities but the problem is the lack of concentrates," he told Metal Bulletin on Tuesday April 10 during Cesco Week...Read More
The shareholders of Red Eagle Exploration (XR.V) overwhelmingly approved (by 100%) the merger with Red Eagle Mining (R.TO). Not a surprise, as we already explained here why the merger appeared to be a good move for the Exploration company - which was controlled by Red Eagle Mining anyway.The deal should now close within the next few days, and the XR shareholders will now be part of a company that...Read More
Copper miner Antofagasta is evaluating two options for expansion of its Centinela copper operations in Chile, and will approve one by the end of the year, the company's chief executive officer told Metal Bulletin.Expansion is part of a plan to use the company's capital for growth in a disciplined manner and to ensure that Antofagasta maximizes the returns on its investment, Iv??n Arriagada said du...Read More
Vanadium Pentoxide Prices. 2018 gain approx. 55%. Gain since 2017: approx. 280% Source: www.vanadiumprice.comCobalt Price Chart 2018 gain: approx. 22%Gain since 2017: approx. 250%US$88,000 per tonne = US$40/lbSource: LMELithium Carbonate Price2018 gain: flatGain since 2017: 30%Source: ZacksVanadium is used in redox flow batteries, which are superior to lithium batteries in storage capacity, discha...Read More
The Hydropothecary Corporation (TSXV:THCX), a Canadian marijuana stock, moved higher after agreeing to become the preferred supplier of cannabis products for QuebecSean Mason | April 11, 2018 | SmallCapPowerA multi-year Quebec supply agreement lifted a Canadian marijuana stock Wednesday. Here's some small stocks making big moves on Wednesday, April 11, 2018 (as of 4 pm EST):The Hydropothecary C...Read More
LGC Capital Ltd. (TSXV:LG) has a convertible loan agreement that could give it a 49% stake in Tricho-Med CorporationSmallCapPower | April 11, 2018: LGC Capital Ltd. (TSXV:LG) Monday announced that Quebec-based Tricho-Med Corporation intends to expand the scale of its operations with new land options covering more than two million square feet of gross building areas of controlled atmosphere product...Read More
Eagle Plains drilling program on their Iron Range Project near Creston, southeastern British Columbia. Click here for animated slide.Eagle Plains Resources Inc. [EPL-TSXV; OTC-EGPLF] said Wednesday April 11 it has received approval from the Court of Queen's Bench of Alberta, marking the final step in completing the spin-out of Taiga Gold Corp. [TGC-CSE]. Shareholders of record on April 12, 2018, w...Read More
Can a light railway system work successfully in a heavy, bulk commodity business such as iron ore?Tim Treadgold Economics of MinRes' BOSS not yet clear11 APRIL 201811/04/2018commentsshare In a nutshell, that's the critical question behind the proposed A$280 million (US$217 million) merger of two Australian companies which have ore in the ground that needs a cheaper transport solution.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The Canadian base metals stocks on our list have suffered severe YTD price declinesSmallCapPower | April 11, 2018: Many base metals have seen significant decreases from their peaks earlier this year, with copper declining 6% YTD, and zinc and lead declining 5% and 6%, respectively. The Canadian base metals stocks on our list today have had an average YTD decline of 44%, and that trend appears to b...Read More
Huayou New Energy, a full subsidiary of Huayou Cobalt, and LG Chem will invest in two joint ventures in Quzhou and Wuxi, China, respectively, to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Tuesday April 10.With a total investment of $159 million, Huajin New Energy Materials Co., Ltd will be located in Quzhou, Zhejiang province, and will b...Read More
Madsen Project portal and ramp entrance. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV] on Wednesday April 11 said drilling continues to reinforce the current resource and expand the mineralized zones at its 100%-owned Madsen Gold Project in Red Lake, northern Ontario.Investors reacted to the news, sending Pure Gold shares up 4.5% or $0.03 to 69 cents on active volume of 908,931.Rec...Read More
OTTAWA - The Trudeau government held an emergency cabinet meeting Tuesday aimed at salvaging the Trans Mountain pipeline expansion but did not come up with plan - at least not one ministers are prepared to talk about yet.Hours earlier, Alberta Premier Rachel Notley upped the ante, saying Alberta is not only prepared to invest in the pipeline, it is prepared to take it over entirely if need be....Read More
When he's right, he's right.Yesterday, Christian DeHaemer laid out one of the best cases for why you should be tapping into the oil sector right now.It's simple, really.As my cubicle cellmate pointed out, the fundamentals are too good to ignore. It's only a matter of time before global crude demand tops 100 million barrels per day, and that psychological benchmark could come as early as 2019.If no...Read More
Turkish steel mills resumed their deep-sea scrap purchases on Wednesday April 11, with slightly lower prices from Baltic Sea suppliers.A steel producer in the Izmir region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $352 per tonne and bonus at $362 per tonne cfr on Wednesday.The supplier said that they are still discussing the tonnages with the mill, but the cargo was scheduled for th...Read More
West Red Lake Gold Mines Inc. (CSE: RLG, FWB: HYK, OTCQB: RLGMF) is based in Toronto and focused on gold exploration and development, in the prolific Red Lake Gold District of Northwestern Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced nearly 30 million ounces of gold, from high grade zones, including 18 million ounces from th...Read More
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.Drill holes BA18?EUR?66, 67, 69, 71, 73, 76, 78, 79, and 80 intercepted anomalous mineralization, but are below the Company's 150 gpt AgEq cutoff. Holes BA18?EUR?68, 70, 77, and 81 intercepted grades greater than 1,000 gpt AgEq, consisting of acanthite, argentite, electrum, native silver and visible gold...Read More
Vancouver, British Columbia - April 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that an NI 43-101 Technical Report entitled "2018 Technical Report on the Oatman Gold District Properties" dated April 10, 2018 and authored by James R. Guilinger, a Qualified Person under NI 43-1...Read More
Predictive Discovery Limited (ASX: PDI) is a prospect generator, focusing principally on exploration for gold in West Africa, with one additional project for gold in Australia. The company has a distinctive technological capability, known as Predictore (R),that sets it apart from its peers. We learned from Paul Roberts, Managing Director of Predictive Discovery, that the company is currently opera...Read More