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URANIUM

Macusani Yellowcake to acquire Azincourt’s neighbouring Peruvian properties

Peru-focused uranium explorers Macusani Yellowcake and Azincourt Uranium on Friday announced that they had inked a nonbinding letter of intent under which Macusani could acquire all of Azincourt’s neighbouring uranium properties on the Macusani...
17th April 2014
 
MINING MARIJUANA

‘Zombie’ juniors betting high hopes on medical marijuana

Failing resource juniors look to medical marijuana for a life line. During the last several months a group of entrepreneurial junior mineral explorers have floated the idea of broaching the fledgling medical marijuana industries of Canada and the US, keeping some of their penny stocks afloat amidst a moribund...
17th April 2014
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

China has revealed plans to consolidate operations in the world’s most prolific flake graphite producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
HOSTILE OFFER

Proxy advisory recommends Augusta shareholders vote to keep 'poison pill'

Conceptual Rosemont operations, Arizona. Global investment research and proxy advisory form Glass Lewis & Co has recommended that shareholders of copper project developer Augusta Resource Corp vote to keep the rights plan in place at the shareholders meeting on May 2. In its report,...
17th April 2014
 
SKILLS DEVELOPMENT

Goldcorp donates $300k for new mineral resource engineering professorship

Vancouver-based gold producer Goldcorp has donated $300 000 to Dalhousie University’s Mineral Resource Engineering programme to establish a new professorship that would increase teaching capacity, expand programme breadth and provide more...
16th April 2014
 
POTASH

Muskowekwan First Nation votes to approve on-reserve potash project

Project developer Encanto Potash on Wednesday reported that the Muskowekwan First Nation (MFN) had voted with a strong majority in favour of continuing to develop the first producing potash mine on First Nation land – the MFN’s reserve,...
16th April 2014
 
GRAPHITE

Energizer completes Madagascar graphite project consolidation

Madagascar-focused project developer Energizer Resources on Wednesday announced that it had concluded a transaction that consolidated its full ownership in its flagship Molo graphite project, in the country. Toronto-based Energizer bought the...
16th April 2014
 
URANIUM

Paladin receives $20m from escrow in Langer Heinrich sale

TSX- and ASX-listed Paladin Energy on Wednesday said that conditions required to release the escrowed $20-million nonrefundable deposit in the $190-million sale of 25% of its Langer Heinrich uranium project, in Namibia, to China National Nuclear...
16th April 2014
 
CORPORATE ACTIVITY

Osisko ups the ante for Goldcorp with 'friendly' Yamana/Agnico Eagle deal

Canadian Malartic, Quebec. In a move orchestrated to foil major miner Goldcorp’s C$3.6-billion hostile takeover bid for Quebec-based Osisko Mining, a second ‘white knight’ has stepped forward in a new, less convoluted deal, offering Osisko shareholders an 11% premium...
16th April 2014
 
PROJECT OPTIMISATION

Aldridge Minerals refines Turkish flagship project

TSX-V-listed project developer Aldridge Minerals this week reported the results of an optimisation study for its Yenipazar polymetallic volcanogenic massive sulphides deposit in central Turkey. The optimisation study sought to update the April...
16th April 2014
 
COAL

Walter Energy to idle Canadian operations

Coal miner Walter Energy on Tuesday said that it planned to idle its Canadian coal mines in the face of weak metallurgical coal prices, placing more than 695 jobs on the line. The Birmingham, Alabama-based ‘pure-play’ metallurgical coal...
15th April 2014
 
DEBT FINANCING

First Quantum inks, draws down $2.5bn loan

Base metals miner First Quantum Minerals on Tuesday reported that it had signed and drawn down on its $2.5-billion five-year term loan and revolving facility. The facility consisted of a $1-billion term loan facility with a margin of 2.75%,...
15th April 2014
 
 
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