Skyharbour Resources (SYH:TSXV), the Patterson Lake South (PLS) explorer, is diversifying outside of the PLS play by acquiring a 60% interest in the Mann Lake project located on the east side of the Athabasca Basin.  The exploration project is roughly 25km SW of Cameco’s (CCO:TSX) McArthur River mine and 15km along strike from their Millennium deposit.  Skyharbour will… Continue Reading

Colombian copper-gold explorer, Cordoba Minerals (CDB:TSXV) has announced plans to raise $12 million to finish acquiring the Cordoba project and other exploration work being done there and the San Matias proejct.  And, guess who is behind this financing?  If you guessed GMP Securities, you are right.  This financing is being done on a best efforts basis… Continue Reading

The Nevada gold developer, Midway Gold (MDW:TSX), has broken ground at their Pan project after receiving the final environmental permit from the authorities south of the border.  This morning the company announced that they have broken ground and that construction is now underway at Pan.  They expect the build out to take less than 9 months… Continue Reading

Africa Oil (AOI:TSXV) has continued its extraordinary success in Kenya with the discovery of two new large oil fields in their most recent two exploration wells. The discovery of these two new fields make it seven discoveries in seven exploration wells in Kenya. A perfect record. Although we have seen that the oil industry is… Continue Reading

GMP data by YCharts If GMP Securities’ business is fully integrated in the resource space, then you could reasonably expect the shares of the company to mirror the resource markets at large, especially the Canadian junior space (granted, many assumptions need to be made). GMP runs a, predominately, institutionally-focused business whereby they underwrite or advise resource companies.  So their… Continue Reading

The former CFO of Energy Fuels (EFR:TSX), Graham Moylan has decided to go back to the sell-side by accepting a position as Managing Director, Investment Banking at Cantor Fitzgerald.  Prior to Energy Fuels, Moylan spend seven years at Dundee Capital Markets in investment banking.  He will join Rob Chang, one the foremost experts in the… Continue Reading

Riverside Resources (RRI:TSXV), the North American focused prospect generator, announced their plans for 2014 this morning.  The company highlights the strategic partnerships created in 2013 and how they intend to build on them in 2014 and beyond.  During 2013, the company secured two new strategic alliances with Antofagasta and Hochschild for gold and copper prospects… Continue Reading

Kevin McArthur’s, Tahoe Resources (THO:TSX), which has endured all of the woes of starting up a precious metals mine in a restless Latin country, announced this morning that it has reach commercial production levels at its Escobal silver mine in Guatemala.  The Escobal mine reached 3,000tpd on its way to the design capacity of 3,500tpd.  The… Continue Reading

Lucara Diamonds (LUC:TSX), the African diamond producer and Lundin Group company, announced its 2014 operational and financial outlook.  The company is forecasting revenues of $150 – $160 million in 2014 on 400,000 – 420,000 carats of diamonds being sold.  This includes the assumption that Lucara will have two ‘exceptional’ stone tenders, although this may be conservative given… Continue Reading

Mason Graphite (LLG:TSXV) is coming off a transformative 2013 whereby the company released an initial preliminary economic assessment (PEA), completed a large, 24,345m drill program and grew their initial resource base by 658% to over 50 million tonnes at 15.6% graphite.  This morning the company announced another milestone, with the signing of a letter of intent to acquire 40% of the… Continue Reading

Haywood Securities’ Chairman, John Tognetti, has added 2.4 million shares to his position in Mirasol Resources (MRZ:TSXV) which brings his total position to over 7.9 million shares or roughly 25% of the company.  Mr. Tognetti has been a supporter of Mirasol for a number of years and clearly continues to have his conviction about the… Continue Reading

Petroamerica (PTA:TSXV) announced exciting news just after market today with two new oil discoveries made in Colombia.   The discoveries were made on the El Eden block (40% working interest with PXT 60% operated interest) in the prolific Llanos Basin of Colombia.  At their La Casona 2 well the companies discovered 545 barrels of light 47 degree… Continue Reading

Fission’s President, COO and Chief Geologist, Ross McElroy, has won the highest accolade for Canadian exploration success this year handed out by the Prospectors and Developers Association of Canada (PDAC).  The award known as the Bill Dennis Award traces its roots back to 1977 and is handed out to a person(s) who either make an important mineral… Continue Reading

Companies in the resource business take note; bring the right deal to the table and BMO and GMP will find you the money.  Hudbay Minerals (HBM:TSX) announced today that they have secured a $150 million bought deal financing being led by GMP and BMO.  The financing was announced at $8.25 per share (only a small discount to… Continue Reading

The uranium explorer NexGen (NXE:TSXV), who is actively searching for the next Patterson Lake South-style discovery in Saskatchewan, has received all analytical results from there +3,000m summer drill program on their Rook I project which is located 2.1km up strike of Fission’s (FCU:TSXV) Patterson Lake South (PLS) discovery. Uranium was confirmed at Rook I in hole RK-13-05… Continue Reading