After announcing the stock was halted yesterday morning, all eyes have been on the newswires for NexGen (NXE:TSXV) in anticipation of a new Athabasca Basin uranium discovery. Well, the anticipation is over and the company has made a discovery. Alright, an early-stage discovery. This find comes in an unexpected area which means more drilling is warranted… Continue Reading
Last Thursday, Alderon Iron Ore (ADV:TSX) announced that the government of Labrador and Newfoundland had approved the building of third power line from Churchill Falls to Labrador West. This meant that Alderon would be able to negotiate a power agreement with the government for their Kami iron ore project and represented a significantly positive step in… Continue Reading
Mason Graphite (LLG:TSXV) which is developing the high-grade, large flake, Lac Gueret graphite deposit in Quebec has closed the first tranche of their investment in NanoXplore who holds a proprietary technology for cost-effectively producing graphene from graphite. Mason announced today that it has closed the first $350,000 for 20% of NanoXplore. Mason’s President and CEO,… Continue Reading
Anticipation is building to find out what’s going on with NexGen Energy (TSXV:NXE). The company’s shares were halted before the opening bell this morning, and remain halted at press time (11:11amPST). NexGen is currently one month into a drill program at their Rook 1 project in Saskatchewan’s SW Athabasca Basin, a property which is adjacent… Continue Reading
TGM data by YCharts True Gold Mining (TGM:TSXV) has support from some of the biggest and brightest resource investors, including their Chairman Dr. Mark O’Dea, Canadian mining behemoth Teck Resources and giant US mutual fund Liberty Mutual. Today, the company announced it has closed a total of $51.9 million in equity. This financing makes the company’s flagship… Continue Reading
SIGN UP FOR CEO.CA’S FREE LIST | MORE PHOTOS | DISCLAIMER The reality distortion field, made famous by Steve Jobs’ biographer Walter Isaacson, is a personal intensity and vision so powerful it bends people to your will, convincing them of a project’s higher purpose. Isaacson describes this capacity for influence as a notorious trait of Steve Jobs,… Continue Reading
Coming off of their recent successful acquisition of PMI Gold, Asanko Gold (AKG:TSX) announced its development strategy for the development of the Ghana gold projects. The company now holds the capability of producing over 400,000 ounces of gold per year (from zero currently) within 5 years. Asanko successfully acquired PMI Gold in order to consolidate the Obotan and Esaase development… Continue Reading
I joined CNBC Africa during the Mining Indaba convention last week in Cape Town, South Africa. Interviewer Svetlana Doneva and I discussed Canada’s leading role in mineral and energy exploration and development on that continent, which I credited to our intellectual property and technology, as well as the Canadian style of entrepreneurship, which lends itself… Continue Reading
LUP data by YCharts Lundin Petroleum (LUP:TSX) the 40% operator of the massive Johan Sverdrup oil field and their partners (40% Statoil, 20% Maersk Oil) have announced development plans. Johan Sverdrup has between 1.8 to 2.9 billion barrels of gross recoverable contingent resources making it one of Norway’s largest oil discoveries. At full field production, the group… Continue Reading
Recently, we had the pleasure of sitting down with two of exploration geology’s brightest young stars; Dr. Alan Wainwright and Daniel MacNeil. Dr. Wainwright (Chief Geologist) and Mr. MacNeil (Project Acquisition and Development) allowed us to visit them in the humble Vancouver offices of their current venture, Desert Star Resources (DSR:TSXV). Mr. MacNeil has over… Continue Reading
This morning, Pretium Resources (PVG:TSX) hosted a web conference from Toronto’s St. Andrews Club which was intended to shed light on the Valley of the Kings resource estimate at their Brucejack project. The presentation was led by Ivor Jones, an Executive Consultant with Snowden Mining Industry Consultants as well as Robert Quartermain (President and CEO,… Continue Reading
GCM data by YCharts Shares of Gran Colombia Gold (GCM:TSX) which came under severe pressure last year on the back of a dramatically dropping gold price and questions about their solvency, are up over 127% in February as the street feels the short squeeze. Investors gained confidence in gold and gold equities in the early… Continue Reading
AOI data by YCharts Lukas Lundin’s oil exploration vehicle, Africa Oil (AOI:TSX), is planning to drill at least 20 exploration and appraisal wells in the South Lokichar basin which will include exploration wells targeting 4 new oil basins. This program is fully funded as the company raised over $450 million last year in the largest… Continue Reading
Simon Ridgeway’s Cordoba Minerals (CDB:TSXV) has begun its 2014 exploration efforts with the mobilization of a RAB (rotary air blasted) rig to begin drilling their Montiel prospect on the San Matias project in Cordoba, Colombia. The company recently closed a $15 million (expanded from $12 million) financing to consolidate the San Matias project as well… Continue Reading
There are many interesting things about Hudbay’s takeover offer for the 84% of Augusta Resource that it doesn’t already own – an offer that has breathed a bit more life into a moribund mining M&A scene that is slowly reviving. Augusta is developing the advanced-stage Rosemont copper deposit southeast of Tucson, Arizona, which is projected… Continue Reading
