Investing
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FINANCE: Rubicon Minerals Announces Increased Size of New Equity Financing to $45.0 million
TORONTO: Rubicon Minerals Corporation announced today that as a result of strong investor demand for its new equity raise previously disclosed on October 20, 2016, BMO Capital Markets, as lead agent on behalf of a syndicate of agents, has exercised its option…
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GOLD: Kinross sheds share of Lundin Gold holding
TORONTO – Kinross Gold Corp. has sold 5.5 million of the Lundin Gold shares it held, bringing its interest in Lundin down to 17.4% or approximately 26.2 million shares. The shares are being purchased by GMP Securities for resale on…
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LITHIUM: Aldrin Enters Lithium Market With Acquisition of Two Critical Mass, Drill Ready Projects
VANCOUVER: Aldrin Resource Corp. today announced the signing of an agreement to acquire two prospective lithium projects with previously completed work programs having demonstrated the presence of lithium over wide areas. The properties, respectively at Case Lake, Ontario and Larder River, Nova…
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COAL: New interest in B.C. coal mine
ST. JOHN’S, NEWFOUNDLAND AND LABRADOR: Altius Minerals Corporation says that the private company optionee of its Telkwa Coal project in British Columbia, Telkwa Coal Limited, has announced a conditional binding agreement to be acquired by an Australian-based public issuer, Allegiance…
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Editorial: Texas to build its own gold depository
When the average person thinks about Texas, a few words and phrases quickly come to mind: old-school, wealthy, isolationist, entrepreneurial and open-carry. Happily we can roll all these elements into one perfect Texas story for gold bugs: the news that…
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IRON ORE: Quebec pledges $175M to New Millennium DSO project
QUEBEC – Tata Steel Minerals Canada (TSMC), a joint venture of India’s Tata Steel (94%) and Calgary’s New Millennium Iron Corp. (6%), has received a $175-million contribution from the Quebec government for the direct shipping ore (DSO) project in the…
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GOLD: High grades help Osisko raise $25M
QUEBEC – Osisko Mining of Montreal recently drilled 16.6 g/t Au over 6.7 metres at its Windfall Lake gold property in Urban Township. The company said it expanded this season’s drilling program at Windfall to 100,000 metres with expansion drilling…
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Ascot prepares for Sprott’s $20M investment
VANCOUVER — Ascot Resources (TSXV: AOT) is reconsidering plans on how to best advance its flagship Premier gold-silver project, 20 km northeast of Stewart, BC, now that mining and exploration financier Eric Sprott wants to inject $20 million into the company. The placement,…
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MEETING: Fourth Energy and Mines World Congress coming in November
TORONTO – Energy and Mines has announced the launch of its Energy and Mines World Congress in association with Lightsource Renewable Energy. The congress will take place Nov. 21-22 at the Hilton Toronto and will bring together an international audience…
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INVESTMENT: Ontario pledges $5M to mining R&D effort
SUDBURY, ON – The Ontario government will pour $5 million into mining research and development at Laurentian University. A consortium at the school is investigating new methods of improving mineral targeting. The official award was made June 29 by Northern…
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LITHIUM: Nemaska to make $50M-$60M equity offering
QUEBEC CITY – Nemaska Lithium has announced details of a proposed market offering that will raise between $50 million and $60 million. The company will issue between 43.48 million and 52.17 million units. Each unit will consist of one common…
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Canpotex nixes plan for potash terminal in Prince Rupert
Canpotex, an exclusive offshore marketing company for potash mined in Saskatchewan by Agrium (TSX: AGU; AGY: NYSE), Mosaic (NYSE: MOS) and Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT), has abandoned plans to build a $775 million potash export terminal in Prince Rupert, BC, after…