The small cap uranium explorer, International Enexco (IEC:TSXV), announced today that it has agreed to be acquired by Lukas Lundin’s Denison Mines (DML:TSX) for shares.  Denison already owns roughly 8.4% of the company and they are acquiring the remaining shares for 0.26 Denison shares.  Based on Denison’s closing price of $1.77, this equates to ~$0.46 per IEC share, representing an 18%… Continue Reading

The $20 million market cap CGX Energy Inc. holds 3.3 million acres in one of the last frontier oil basins on the planet; the Guyana-Suriname offshore basin. CGX’s grounds are considered analogous to West Africa’s prolific oil fields, and could hold multiple billion barrels of oil. CGX is already ~64% owned by Pacific Rubiales, and will need… Continue Reading

Uranium explorer, Skyharbour Resources (SYH:TSXV) and there Western Athabasca Syndicate partners have outlined their maiden drill campaign on their Preston Lake project.  This initial drill campaign will be comprised of roughly 10-15 holes drilled to depths of 100-250m (total of 2,000m).  The syndicates technical committee created the template for the 2014 program.  Richard Kusmirski (formerly exploration manager… Continue Reading

Lundin Group South American copper explorer, NGEx Resources (NGQ:TSX), has expanded the high grade zone at its Filo del Sol project, the earliest stage of three deposits the company owns along the Chile/Argentinian border. Today NGQ announced assay results from the first 7 of 23 holes drilled between December 2013 and March 5, 2014. The standout hole was VRC60… Continue Reading

Nord Gold has agreed to option an initial 50.01% interest in Columbus Gold’s (CGT:TSXV) Paul Isnard project for $30 million.  Nord Gold is listed in London, but is 85% owned by the Russian billionaire owner of conglomerate Severstal, Alexei Mordashov (net worth ~$12 billion).  Nord Gold operates nine mines globally and produced 924,000 ounces of gold in 2013.… Continue Reading

PMI data by YCharts Petromanas Energy (PMI:TSXV), which made a potentially massive onshore light oil discovery in Albania with their partner, the super-major Royal Dutch Shell, has updated the market on the drilling progress of their highly anticipated Molisht-1 well.  The well is targeting a depth of 5,500m and has been successfully drilled to 3,270m.  The… Continue Reading

Continental Gold (CNL:TSX) is aligning their high-grade Buritica project with Colombia’s long-term artisanal mining strategy and deserves praise for it.  Along with the Ministry of Mines, the National Mining Agency and Coranqioquia (the autonomous regional corporation responsible for issuing and controlling environmental permits in Antioquia), Continental Gold has signed a MOU (memorandum of understanding) with… Continue Reading

FCU data by YCharts Fission Uranium (FCU:TSX) continued their record of releasing incredible results at their Patterson Lake South project and followed it up with a $25M bought deal financing announced just after the close today.  First we will start with the results.  The company, this morning, reported their second best scint result to date… Continue Reading

International Enexco (IEC:TSXV) has announced it has hit the thickest and highest grade hole to date at their Mann Lake project located in the eastside of the prolific Athabasca Uranium Basin.  The ~$15 million market cap Enexco holds a 30% working interest and is partnered with two of the largest uranium producers in the world,… Continue Reading

SYH data by YCharts The PDAC is a whirlwind event.  Many news releases are conveniently timed to be released prior to and during the four day conference.  Skyharbour Resources (SYH:TSXV) had a few timely and quietly meaningful resources.  First, they named a prominent member to their advisory board; Mr. Thomas Drolet.  Mr. Drolet is a… Continue Reading

Today, Desert Star Resources (DSR:TSXV) quietly announced that they had begun the first steps in exploration on their recently acquired southwest US assets.  The company completed geological mapping and sampling at its Copper King project located in the prolific Laramide belt of Arizona.  The mapping and sampling have identified diorite porphyry dikes which intrude Apache Group… Continue Reading

The Lundin Family has a number of trusts in which they invest heavily in their own Group companies, including Africa Oil, Lundin Petroleum, Lucara Diamond and Lundin Mining.  The family also invests heavily in other companies.  One such company is the Canadian diamond explorer, North Arrow Minerals (NAR:TSXV). Last year the company discovered kimberlite in east central Saskatchewan,… Continue Reading

Dension Mines (DML:TSX) is exploring and developing one of the best undeveloped uranium projects in the world, the Wheeler River project.  This morning, the company released the latest batch of drill holes done at the project.  The highlight hole encountered 6.5m of 29.61% U308 starting from 407m deep.  Other highlights include 4.70m of 18.37% U308… Continue Reading

Silver Bull Resources (SVB:TSXV) has secured all of the necessary water permits for their Sierra Mojada silver-zinc project in Coahuila, Mexico.  The company announced this morning that it has received permits allowing for up to 3.5 million cubic metres per year to be used at the project.  These allow Silver Bull to draw water from the regional… Continue Reading

The Lundin Group’s heavy-oil producer, Blackpearl Resources (PXX:TSX) announced this morning that it would be raising $70 million in a bought deal financing being led by First Energy Capital.  The company will issue 26.5 million common shares at $2.65 per share for gross proceeds of $70,225,000.  Additionally, the company intends to raise another $10 million in… Continue Reading