LLG data by YCharts After being halted for a couple of days, Mason Graphite (LLG:TSXV) got a nice surprise.  The company, which was running low on cash, announced an initial $8 million bought deal (which was subsequently raised to $10 million with an additional $1.5 million green shoe) with Ressources Quebec, a subsidiary of Investissement… Continue Reading

AKG data by YCharts Asanko Gold (AKG:TSX) has been able to take advantage of the gold endowments in Ghana, not only by finding and developing the Esaase deposit but also by acquiring a nearby and equally sized development project called Obotan (part of PMI Gold acquisition, now called the Asanko Gold Project).  Today, the company announced… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Commodity returns vary wildly, as experienced resource investors can attest and our popular periodic table illustrates. This inherent volatility can spell opportunity for the nimble investor who can look past the mainstream headlines to identify hot spots. Our global resources expert, Brian Hicks, CFA,… Continue Reading

This morning, copper-gold explorer, Cordoba Minerals (CDB:TSXV) announced they have completed their amalgamation of the San Matias project and are now cashed up and ready to explore.  The company closed its acquisition of Sabre Metals and Cordoba Holdings which held parts of the San Matias and Cordoba properties in Colombia’s Mid-Cauca gold belt.  The project hosts high-grade copper… Continue Reading

Athabasca Basin uranium explorer, NexGen Energy (TSXV:NXE), has drilled their best hole to date at the Arrow Discovery on the Rook 1 project, intercepting a combined 47.2 meters of radioactive mineralization, including 8.3 meters of “off scale” (greater than 10,000 cps), downhole gamma probe results indicate. Hole RK-14-30 was targeting the interpreted gravity low anomaly at… Continue Reading

Robert Friedland’s Ivanhoe Mines (TSX:IVN) announced 2013 year end results and a review of operations this morning in a detailed news release. So far the market is taking the $484.29 million loss in stride as shares in the company are up 1.1% at press time, last at $1.78. Ivanhoe’s estimated net cash at year end… Continue Reading

(A short video explaining the size, significance and development of the Johan Sverdrup oil discovery – Source: Lundin Petroleum AB) Lundin Petroleum (LUP:TSX) has announced spectacular results from their appraisal well on the behemoth Johan Sverdrup oil discovery in Norway.  The appraisal well was a wild success, to say the least.  Initial testing flowed at a rate… Continue Reading

ROG data by YCharts After closing their recently announced ~$29 million bought deal financing, filings show that the London-based private equity firm, Appian Capital, has acquired 21.6 million shares (10.1%) in Roxgold (ROG:TSXV).  The shares were acquired as part of a BMO Capital Markets led $29 million bought deal financing priced at $0.58 per share.  Haywood… Continue Reading

Ivanhoe Mines published a positive Preliminary Economic Assessment (PEA) for the Platreef project in the Northern Limb of the Bushveld Complex in the South African province of Limpopo. The Platreef mine is projected to be the lowest cost producer of platinum-group metals in Africa, home to over 70% of the world’s production. Key features of the… Continue Reading

Over the past few days we have seen a number of companies either continue to drill ‘best-to-date’ holes (Fission, NexGen) or begin their winter drill campaigns in Saskatchewan’s world-class uranium basin.  Add to that, the recent takeover bid from Denison (DML:TSX) of International Enexco (IEC:TSXV) and you have one area of the exploration sector that continues to heat… Continue Reading

With shares of Petroamerica Oil Corp (PTA:TSXV) continuing to trade at a deep discount relative to their North American peers, the company has announced a 55 million share buyback to reduce the float by ~10%.  Management announced today that the TSX Venture has accepted their proposal to make a normal course issuer bid to buy… Continue Reading

From March 25th to March 28th in Gaborone, Botswana Lucara Diamond (LUC:TSX) will begin their first exceptional stone tender of 2014 which is expected to be the best sale of diamonds yet.  The company has a number of large and rare stones on the block in this tender with the largest, Lot 401 expected to generate… Continue Reading

THE CALANDRA REPORT: Subscribe $101 yearly Maybe this is just CEO fatigue. Maybe we will know what happened here when we pull our hearts from our breasts and eat them.* This “road-ban” about our PENNY-ANTE platinum-group-metals prospector in Michigan, USA, came across screens yesterday evening. Bitterroot Resources CEO Mike Carr tells us Thursday morning that… Continue Reading

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

NioCorp Developments Ltd. (TSXV:NB), which is advancing the Elk Creek niobium project in Nebraska, has raised $3.77 million by selling $0.20 shares in two tranches, the company announced today. Niocorp has now raised over $5.5 million since late 2013. CEO Mark Smith continued his strong financial support for the company, purchasing $576,496.60 worth of shares,… Continue Reading