GMP Capital Inc., one of Canada’s leading independent financial services firms, with international operations, has overhauled its Capital Markets group and cut 25% of staff, citing “technology-driven disintermediation and increased regulation, and the sustained trough in the global commodity cycle.” The firm has exited its U.K. and Australian businesses, closing its London, Perth and Sydney… Continue Reading
Global mineral exploration expenditures have fallen to their lowest levels in decades, the fallout from a four-plus-years bear market in commodities. However, exploration remains the long-term research and development arm of the mining business, and some investors are still willing to finance its high-risk, high-reward endeavours. One such explorer, Desert Star Resources (TSXV:DSR), is poised… Continue Reading
Stock market commentator Allan Barry Laboucan is one of the most outspoken, controversial, and appreciated members of the chat.ceo.ca community. He makes some great calls, and some bad ones, and takes it all in stride. Allan made the unfortunate mistake of buying and recommending Rubicon Minerals stock this fall, telling the CEO.CA community his mom was averaging… Continue Reading
Huge news for Saskatchewan explorer and developer Fission Uranium (FCU.TSX) Monday. CGN Mining Company Ltd., an affiliate of China General Nuclear Power Corporation, has entered into a binding letter of intent to acquire 19.99% of Fission for $82.226 million at a price of $0.85 per subscription share. The CGN deal is at a roughly 26%… Continue Reading
By James Kwantes and Tommy Humphreys Tim Coughlin’s career arc is actually a circle. The 50 year old geologist did his PhD research on gold-system targeting methods in the Andes of South America. Later, as chief geologist for AngloGold Ashanti, Coughlin spent several years being a “first mover” in Colombia, which at the time was… Continue Reading
New Black Butte Copper Project 3D Video: Tintina Resources’ Black Butte Copper Project near White Sulphur Springs, Montana continues to advance despite headwinds for the mining industry. This morning the company announced submission of a Mine Operating Permit application for its Johnny Lee deposit at Black Butte. The copper project is one of the highest-grade… Continue Reading
With the help of thousands of retail investors, real estate syndicator Kevin England has enjoyed an impressive career buying, fixing up and selling — sometimes decades later — higher-end apartment buildings in markets including Toronto and Dallas-Fort Worth. England is a very personable entrepreneur whose career has been defined by his ease in cultivating close… Continue Reading
Millrock Resources (MRO – TSXV) is a mineral exploration company following the prospect generator business model. That means Millrock generates exploration targets and finds deeper pocketed partners to pay for the expensive stuff like helicopter rentals and drilling, while Millrock usually retains a project interest, and earns money for managing the work programs. A lot… Continue Reading
Big news in the mining and investment newsletter worlds. Veteran analyst Joe Mazumdar has left investment bank Canaccord Genuity and joined Brent Cook’s Exploration Insights (“EI”) publication. EI is a premium weekly newsletter that provides independent research and analysis of early stage mining stocks and is edited by Mr. Cook, a respected and experienced economic geologist. The news was announced… Continue Reading
With gold currently around US$1,064 an ounce, the gold mining industry is focused more on survival than M&A. But as producers mine ore and attempt to grind out a profit as gold moves lower, they are constantly depleting their resource. If they want to stay in business, production pipelines will need to be replenished. And high-grade… Continue Reading
Fuelling the Future: Lithium X Launches on the TSXV Experienced Clayton Valley operator GeoXplor named Exploration Manager Lithium X Land Position Increased by over 180% Minerals and Environmental Engineer Timothy Oliver appointed VP Project Development VANCOUVER, Nov. 30, 2015 /CNW/ – Lithium X Energy Corp. (TSX-V: LIX) (“Lithium X”, or the “Company”) Executive Chairman Paul… Continue Reading
New lithium exploration startup Lithium X Energy Corp. will start trading on the TSXV on Monday, Nov. 30 under the symbol LIX. News release here: Lithium X Energy Corp. completes acquisition of NSP Lithium Claims Full disclosure: I am a shareholder and have a business relationship with the company. LIX is led by Brian Paes-Braga,… Continue Reading
Canada’s Athabasca Basin is arguably the best place to look for uranium in the world, and it’s the backyard of Cameco, the world’s largest producer. A few small exploration companies have been able to find and delineate uranium deposits there and make money for shareholders by selling them to majors such as Cameco. CEO.CA has… Continue Reading
Thursday evening, Gran Tierra Energy (GTE) announced a friendly deal to acquire Petroamerica Oil (PTA) for cash and shares worth about US$84 million based on a C$3.32 GTE price. PTA shareholders can elect to receive .40 of a GTE share or C $1.33 in cash for each PTA share, up to 70% payable in cash. That’s about… Continue Reading
Mineral exploration entrepreneur Randy Turner has a strong track record in the mining business. He’s been involved in multiple discoveries and takeouts, including founding Winspear Diamonds (sold for C $305 million in 2000) and Silver Quest Resources (sold for $131 million in 2011). When New Gold acquired Silver Quest in 2011, they were after the… Continue Reading
