Niocorp Developments Ltd. (TSXV:NB), a junior mining company developing the Elk Creek Niobium project in Nebraska, has closed a 6,186,612 share private placement at 15 cents, raising $927,991 US for the company. CEO Mark Smith, who was formerly CEO at Molycorp (NYSE:MCP), subscribed for 3.4 million shares or $510,000 US. Proceeds will be used to conduct further… Continue Reading

FrontFour Capital Group LLC and a “like minded shareholder” who collectively control more than 5% of Renegade Petroleum (TSXV:RPL) issued a statement this morning strongly criticizing Renegade’s Board for mismanagement of a strategic process (read: sale of the company), after private attempts to work “cooperatively” with Renegade to “restore the Company’s credibility” were rejected. RPL… Continue Reading

Having just returned to my desk this afternoon after seven days in New York and Miami, I wanted to get caught up with last week’s headlines. I came across The Northern Miner’s friendly write-up of Red Eagle Mining (TSXV:RD) from Thursday, which compelled me to pull up RD’s chart. RD data by YCharts Astonishingly, Red Eagle’s shares… Continue Reading

The Globe and Mail has published commentary from Gluskin Sheff and Associates Chief Ecnomist and Strategist David Rosenberg, a well known, bearish leaning investor, highlighting compelling valuation metrics in Canada’s commodities sector. “One would have to believe that the commodity equity space has tremendous valuation support. And imagine what sort of re-rating we would ever… Continue Reading

US Global Investors (NASD:GROW) CIO Frank Holmes, the always energetic and insightful natural resources fund manager, made two simple yet profound observations regarding identifying junior resource management teams worthy of your investment dollars during a private conversation at Canaccord Genuity’s Global Resources Conference in Miami yesterday. 1) Junior resource companies operating internationally should always have senior managers… Continue Reading

The Lundin Group’s Lucara Diamond Corp. (TSX:LUC) reached a 52 week high of $1.25 Friday, with shares in the African diamond producer closing at $1.23 on approx. 700,000 shares. Lucara’s shares have more than doubled since the company entered production at its 100% owned Karowe diamond mine in Botswana in August, 2012 (Related: A New Age… Continue Reading

Bruce Duncan’s Canada Carbon (TSXV:CCB) published results of a chemical characterization of material from the company’s 100% owned Miller hydrothermal lump/vein graphite property in Quebec, Canada. The news release suggested graphite from Miller “May be suitable for applications requiring ultra-pure grades, such as some core components of nuclear reactors.” Shares in the company traded heavily… Continue Reading

Bloomberg is out with a great article this morning on the junior mining sector (Hat tip to Jon Jones @ Haywood for forwarding). According to the article, mining acquisitions under $1 billion have slumped to an 8 year low. Additionally, there are 972 mining companies in Canada with no revenue over the past 12 months,… Continue Reading

There have been more than 30 initial public offerings of biotechnology companies so far this year, Timothy Hay reports in a Wall Street Journal blog article this morning (Hat tip I.V. for forwarding). While some have referred to this as an “IPO window,” indicating that it could just as easily slam shut again, investors at… Continue Reading

Gold development darling turned dog’s breakfast Lydian International (TSX:LYD) has been given a preliminary endorsement by the Armenian authorities for the alternative location of their proposed heap leach processing facility at the Amulsar gold project, the company said in a news release this morning. Read: LYDIAN INTERNATIONAL ANNOUNCES UPDATE ON DEVELOPMENT OF THE AMULSAR GOLD MINE; ARMENIA The… Continue Reading

http://www.economicprinciples.org | How the Economic Machine Works by Ray Dalio.

Petroamerica Oil Corp. (TSXV:PTA), a Calgary-based junior oil and gas company operating in Colombia’s Llanos Basin, has started drilling its La Guira-1 exploration well on the Los Ocarros Block. The well was spud (read: started drilling) October 9, 2013 and is targeting the Mirador, Gacheta and Une Formations which produce at the adjacent Las Maracas… Continue Reading

Readers may remember I jumped on the Ivanhoe Mines (TSX:IVN) bandwaggon on August 16th when the shares were $1.56. They rallied all the way to $2.59 on September 20th, before falling to where they are today, $2.06, because the company announced a $108 million financing at $2, the gold price has been sucking (a proxy for… Continue Reading

Global Mining Observer published a colourful interview with Martin Rapaport, chairman of the Rapaport Group and founder of the Rapaport Diamond Report. Here’s an excerpt: In rented cars and a bullet-proof vest, Martin Rapaport has taken a perilous route to becoming the diamond industry’s most influential body. Every week his Rapaport Group publishes the ‘Rap… Continue Reading

Economic geologist Brent Cook, who runs the respected Exploration Insights service, showed us why he’s the best newsletter writer in junior mining in a June 16, 2013 report on Pretivm Resources (TSX:PVG). Cook dissected Pretivm’s Brucejack deposit for subscribers, communicating grade continuity concerns. He explained that he’ll be staying on the sidelines with regards to investing in… Continue Reading