“Our financing is sold out, and the books are closed baby !” Via email to CEO.CA at 8:47am EST today. Sent from my iPhone

Petromanas Energy (PMI:TSXV) is a junior oil company exploring for light oil on shore in Albania in a partnership with energy super major Royal Dutch Shell. Earlier today the company’s shares closed at a multi-year high of $0.30, on the back of a slew of bullish analyst and newsletter coverage in recent weeks. After market today… Continue Reading

(Today’s financing represents a 9% discount to the close and a 25% discount to the last financing) Only a few days after Robert Friedland’s Ivanhoe Mines (IVN:TSX) released their first quarter 2014 report which drew concerns from reporters, investors and analysts, alike about an apparent capital crunch; the company announced today that it has secured a… Continue Reading

At the conclusion of my Skype interview with Brent Cook a couple of weeks ago, he told me to reach out to the folks at Focus Ventures to learn a bit more about what they are doing at their Bayovar 12 phosphate project in Northern Peru. I responded that I had heard quite a bit… Continue Reading

Undervalued Colombian oil play Petroamerica Oil Corp (TSXV:PTA) has grown its exploration portfolio this morning, just three weeks after taking out a smaller competitor, Suroco Energy, to grow and diversify its asset base. The company is acquiring a 50% interest in the Llanos-19 block from a division of Pacific Rubiales, Colombia’s largest non state owned… Continue Reading

THE CALANDRA REPORT: Subscribe* *$110 yearly: Does Not Recur Resource prospectors are bleeding their depleted coffers at a time when they might think about hoarding capital firepower. We are seeing evidence that legitimate assay updates of mineral resources, for one, are all but ignored in the investment marketplace. Some public relations professionals tell me the usual… Continue Reading

(Shares of Parex are up nearly 110% in the past 6 months amid continued successful production growth) Parex Resources (PXT:TSX) has agreed to purchase privately held Colombian light oil producer, Verano Energy Limited, in a cash and stock deal valuing Verano at $198 million or $1.25 per share (net).  This deal appears to be beneficial for both companies as… Continue Reading

Gold miners will have to acquire new projects in 2015 and 2016 if they intend to stay in business. This from Brent Cook, economic geologist and the editor of Exploration Insights, a respected mineral exploration investment research service. A dearth of new economic discoveries, reluctance to make acquisitions, the “high-grading” of existing mines, and cuts… Continue Reading

Petromanas Energy is drilling one of the most highly anticipated oil wells in the world today, the Molisht-1 well in Albania, which has the potential to transform the Calgary-based junior oil company, if good results hit the market in Q3 of 2014. Backed by noted resource financier and philanthropist, Frank Giustra, and partnered with energy… Continue Reading

I am headed to Colombia tomorrow for two weeks to check out some mining and oil projects and to have some fun. We will be in Bogota, Medellin and Cartagena at various stages of the trip. You can follow me “TommyHump” on Instagram or Twitter for any updates from the road, although they may be… Continue Reading

For the past six weeks gold has traded within a tightening range which has increasingly focused around the $1300 level. While the recent consolidation could easily resolve in either direction, there are 3 good reasons for gold bulls to be concerned about a downside move over the coming weeks: 1. Commitment of Traders (COT) data has… Continue Reading

by James Kwantes, World of Mining Peregrine Diamonds released its maiden resource estimate for Chidliak Wednesday, and it sparkled. The diamond exploration company led by Eric Friedland reported an NI 43-101 compliant inferred resource of 7.47 million carats of diamonds in 2.89 million tonnes in its CH-6 kimberlite pipe, to a depth of 250 metres.… Continue Reading

Malcolm Shaw is looking at a modern-day map to buried treasure. He sees a company operating a shale-oil well that has tested at a free-flow rate of 590 barrels per day, a junior producer in Argentina working naturally fractured shale, an unrecognized frack sand resource, and a company that owns one of the most exciting… Continue Reading

Dear CEO.CA Reader, A well-respected colleague and friend of mine, Rick Rule, Chairman of Sprott US Holdings, is hosting the Sprott Vancouver Natural Resource Symposium 2014 on July 22-25 at the Fairmont Hotel Vancouver. Below is some information on his conference, which I strongly recommend that you read more about and consider – if you… Continue Reading

Colombian copper-gold explorer Cordoba Minerals was mentioned in PI Financial’s latest Digging Through The Dirt (DTD) newsletter, which is authored by Bill Whitehead, Senior Vice President & Senior Investment Advisor, Adam Simmons, Ph.D. Geology, Investment Advisor, and Justin Hayek, CIM, Investment Advisor. Cordoba Minerals – CDB-v You will recall that in previous issues of DTD we outlined a… Continue Reading