Since topping out above US$4.50/lb in 2011, copper has fallen by more than 50% to a recent low of $1.94/lb. The 5-year copper bear market can be primarily blamed on soft Chinese demand and bloated Chinese copper inventories resulting from the 2009-2010 Chinese economic stimulus plan. But there are some technical signs that the copper… Continue Reading
NovaCopper (NCQ-T) Alaska copper-zinc developer NovaCopper has more rich intercepts to add to the resource at its Arctic deposit in Alaska’s Ambler mining district. The 14-hole diamond drill program, which yielded 3,056 metres of core, was designed to test the continuity of mineralization as well as upgrade resources from inferred to measured and indicated categories… Continue Reading
Rick Van Nieuwenhuyse, CEO of NovaCopper Inc. (TSX, NYSE – NCQ), previously helped develop predecessor NovaGold Inc. into a leading gold exploration company with a multi-billion-dollar market capitalization and $19 stock at its highs. He would like to repeat that success at NovaCopper, which is advancing a new potential mining district in Northwestern Alaska with state and… Continue Reading
In a junior mining sector where financing drought continues to be the rule, Kaminak Gold continues to cash in and attract deep-pocketed shareholders. On Monday the Yukon gold developer announced a $22.5-million financing and a significant new shareholder: billionaire Thomas Kaplan’s Electrum Strategic Opportunities Fund LP. Existing shareholders Ross Beaty and Lundin trust Zebra Holdings… Continue Reading
NovaCopper Inc. (NYSE-MKT, TSX:NCQ) CEO Rick Van Nieuwenhuyse’s path to success in the Ambler mining district of Alaska, where he started his career, is a road. The company’s Arctic and Bornite deposits in northwestern Alaska contain huge caches of high-grade copper and zinc, as well as lead, gold and silver. But they are currently remote… Continue Reading
Consolidation in the junior mining industry continues with NovaCopper proposing to acquire Sunward Resources in an all-share deal valuing Sunward at approximately US $27.6 million, more than double its current market capitalization of about C $13.5 million. The proposed transaction creates a junior miner with significant projects in Alaska and Colombia, excellent management and very… Continue Reading
NCQ data by YCharts NCQ:TSX | 53,527,862 Shares O/S (basic) | $80,827,000 Market Cap | $1.45 – $2.20 Year Range | $1.50 Last Trade (halted) NovaCopper Inc which is developing the large, high-grade polymetallic Upper Kobuk Mineral Projects in Alaska, announced after market today that it would raise $20 million of which $10 would be allocated to three strategic investors… Continue Reading
