Orvana Minerals (ORV:TSX) has found a buyer for their Copperwood project in Highland Copper (HI:TSXV). Orvana has been considering divesting the asset for sometime now in order to focus on its two producing assets and to strengthen its balance sheet. Orvana announced this morning they have signed a definitive agreement with Highland Copper which will… Continue Reading
Late last night, Hudbay Minerals (HBM:TSX) announced it was making an unsolicited offer for the remaining shares of Augusta Resource Corp (AZC:TSX). Hudbay is offering 0.315 (~$2.96 per Augusta) of its shares for each share of Augusta representing a 62% premium to the 20-day VWAP and an 18% premium to Friday’s close. The offer values… Continue Reading
CTT data by YCharts Citation Resources Inc. | CTT:TSXV | 39,019,287 Shares O/S (basic) | $2,731,000 Market Cap | $.02 – $.14 Year Range | $.07 Last Trade There are numerous mineral belts endowed with many millions of ounces of silver and gold throughout Mexico. However, none are more prolific than the Guerrero Gold Belt which is home to a significant amount… Continue Reading
This morning, Canada Carbon (CCB:TSXV) released further drill results from the winter exploration program being done at their Miller graphite project in Quebec. Since discovering the VN3 vein in December, the company has focused exploration work there. In hole DDH13-15, they intersected 1.8m of 48.6% Cg including a 0.5m intersection of 63.2% Cg. This hole… Continue Reading
Vista Gold is currently working on progressing the environmental permitting of their Mt Todd project in Northern Australia. The company burns roughly $1 million per month and was sitting on just over $4 million in cash as of September 30, 2013. It seems, the company has evaluated its options for raising funding to continue the development… Continue Reading
Jordan Trimble joined BNN Television’s Andrew Bell earlier. Trimble is CEO of Skyharbour Resources (SYH:TSXV), a micro-cap uranium explorer focused on Northern Saskatchewan’s Athabasca Basin region. Trimble discussed his company’s exploration plans for 2014, which includes an ongoing $6 million program at Skyharbour’s flagship Preston Lake project near Fission Uranium’s Patterson Lake South uranium discovery.… Continue Reading
Junior graphite explorer, Graphite One (GPH:TSXV) has been able to attract a legend in the resource business; Robert Cross, to their Advisory Board. Mr. Cross is the chairman of B2Gold (BTO:TSX) and founder of Bankers Petroleum (BNK:TSX) and BNK Petroleum (BKX:TSX). He was also chairman of Northern Orion Resources leading to its takeover by Yamana… Continue Reading
This morning, Continental Gold (CNL:TSX) released another batch of 13 drill holes as well as underground sampling from the Yaragua vein at the company’s Buritica gold project in Colombia. The company has resumed 2014 drilling and is aiming for an updated NI 43-101 resource estimate which should be released this quarter. The market is waiting… Continue Reading
Lundin Petroleum (LUP:TSX) released their fiscal 2013 numbers (although production was pre-released on January 21st) which saw them produce an average of 32,700 boe/d in the year and make $975.6 million operating cash flow on $1.2 billion of revenue. However, EBITDA fell from $1.14 billion in 2012 to $960.9-million this year. Q4 EBITDA fell below… Continue Reading
Reservoir Minerals (TSXV:RMC), which has been one of the best performing mineral exploration stories of recent years, climbing 1000+% since 2012 following successful exploration results at its Timok project in Eastern Serbia, may have gotten ahead of itself, according to PI Financial’s Digging Through The Dirt Newsletter. The authors are Bill Whitehead, 56, Senior Vice President,… Continue Reading
This morning, explorer Desert Star Resources (DSR:TSXV) announced Mark Selby would be joining the company’s advisory board. Mr. Selby is currently the Senior VP, Business Development at Royal Nickel (RNX:TSX) and is the owner of his own consulting firm, Selby & Co. Mr. Selby is also and has been since August, 2009, a director of… Continue Reading
This morning, Canada Carbon (CCB:TSXV) announced the preliminary results of laboratory characterization tests being conducted by Evans Analytical Group (EAG) on its Miller high-purity hydrothermal graphite. The results were obtained using Raman spectroscopy and definitely determines the degree of crystallinity of graphite (and other materials). These tests showed that the Miller project’s graphite has an abnormally… Continue Reading
Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million. The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively. The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading
Last week, True Gold (TGM:TSX) announced a $36.6 million bought deal at a price of $0.40 (half warrant at $0.47). The deal was led by RBC Capital Markets and included BMO and Haywood. RBC was rated the top advisor for Canadian M&A for the third straight year (Bloomberg). Sources tell us, it is close to… Continue Reading
We recently had a chat with management over at Pinetree Capital (PNP.TO) and they were very optimistic about a handful of diverse investments they’ve made in the cloud computing (LeoNovus, LTV.V), microprocessors (Poet Technologies, PTK.V) and bio-tech (Lorus Therapeutics, LOR.TO) spaces. As a brief primer, Pinetree is a diversified investment and venture capital firm focused… Continue Reading
