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
Warwick Smith resigned as CEO and director of Western Pacific Resources (TSXV:WRP) yesterday after a banner year of accomplishments with the company in 2013. Mr. Smith co-founded Western Pacific in 2009, not long before junior mining markets took a turn for the worse in 2011. Smith was resolved to make something out of Western Pacific… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly KHUTUL, Mongolia — This is where Mongolia’s newest cement plant is operating. Or will operate when it warms in a month or so and the plant can test fully its new configurations for burning coal to power its output. USD $61.3 million went to Khutul Cement and Chalk LLC for… 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
This morning NexGen Energy Ltd. (TSXV:NXE) announced completion of the first hole at the Arrow prospect, RK-14-21, to 663 meters depth. This was the same hole that caught the market’s attention last week for intercepting what is believed to be uranium mineralization (assays pending) between 207.8 and 231 meters. Today’s news suggests an additional three… Continue Reading
LUC data by YCharts Lucara Diamond (LUC:TSX), announced this morning that its Board has approved a $0.02 per share semi-annual cash dividend. This move is the first for the Lundin Group of Companies and highlights the stability of the Karowe mine’s diamond production. The $0.02 dividend is to be declared in May with payment in June. … Continue Reading
Elephant hunting for huge international oil plays usually means going into (very) politically risky areas. That’s what makes junior Petromanas (PMI-TSXv) stand out from the crowd. They’re chasing a potential 500-800 million barrel target in Europe—Albania to be exact. Lots of energy investors are familiar with Bankers Petroleum and their heavy oil play there—it’s the… Continue Reading
Lukas Lundin’s base metals explorer, NGEx Resources (NGQ:TSX) this morning released seven of fourteen holes from their 2013/2014 field season at their Josemaria project in Argentina. The focus of their 7,302m program was to define the high-grade supergene zone near the north end of the project and to test a possible extension there. Two of… Continue Reading
Bob Quartermain’s Pretium Resources (PVG:TSX) had a less than stable year in 2013. The shares went from a high of $13.18 on January 2, 2013 down to a low of $2.89 in November 2013 amid controversy surrounding the legitimacy of their extremely high-grade Valley of the Kings deposit in BC, part of their Brucejack project. Since… Continue Reading
Facebook sees an opportunity to integrate a company called Whatsapp into its array of offerings so it decided to pay as much as a whopping $19 billion for a company that loses money. An excerpt from the CNN Money article: “Zuckerberg said he doesn’t anticipate trying to aggressively grow WhatsApp’s revenue until the service reaches… Continue Reading
NexGen Energy (TSXV:NXE) announced a potential uranium discovery in the SW Athabasca Basin region of Northern Saskatchewan yesterday. Visible uranium was seen in the first hole drilled into the Arrow target at the Western side of NexGen’s Rook 1 project, which caused shares in the junior explorer to rise over 90% Wednesday. “There’s an element of luck,”… Continue Reading
Barrick Gold (ABX) was one of our top picks for 2014 and the chart has done nothing but get better as the year has progressed – there is ample potential for a huge breakout over the coming weeks: Click to enlarge RBC upgraded Barrick to outperform this morning: “We believe Barrick has the ability to… Continue Reading
Coming off the back of the recent early-stage discovery made by NexGen Energy (NXE:TSXV) yesterday, Skyharbour Resources (SYH:TSXV) and their joint venture partners have announced they have completed their gravity surveys on the Preston Lake project located in the Patterson Lake South region. The gravity survey identified 23 gravity low anomalies which the company will follow up… 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
