A quick look at news from Klondex Mines and Fission Uranium with some additional comments on each. Klondex Mines- (KDX:TSX) – Klondex is out with an updated total mineral reserves calculation for the Fire Creek project and Midas Mine in Nevada. Total mineral reserves increased by ~19% in 2015. Highlights: Total mineral reserves of 444,488 gold… Continue Reading
Fission Uranium has sent a letter to shareholders, along with the management information circular, ahead of the company’s Dec. 15 AGM in Kelowna. Included in the letter is the dissident slate for the board of directors of Fission, the Athabasca Basin-focused company that is advancing the Triple R deposit at Patterson Lake South. A friendly merger… Continue Reading
The Athabasca Basin in northern Saskatchewan was the focus on Bay Street in Toronto Tuesday at a sometimes-tense shareholder town hall meeting about the merger of Fission Uranium and Denison Mines. Live chat thread from today’s event starts here. Many Fission shareholders oppose the deal, feeling neither the timing nor the price was right. One… Continue Reading
A look at the top mining press releases out this morning with some additional comments on each. Fission Uranium – (FCU:TSX) – Fission is out with a PEA on the Triple R Deposit on the PLS property in the Athabasca Basin. The PEA was completed by RPA Inc. The PEA does show an attractive post tax… Continue Reading
A look at news out this morning from First Majestic Silver and Fission Uranium with some additional comments added. First Majestic Silver – (FR:TSX) – First Majestic Silver is out with second quarter financials. Net loss for the quarter came in at $2.6 million ($0.02 cents per share). Production for the quarter was 2.7 million ounces… Continue Reading
Big news in the uranium equities world today as shortly after the close 1:19 pm (pst) both Denison Mines (DML:TSX) and Fission Uranium (FCU:TSX) were halted. CEO.ca Chat users were already discussing that the news was most likely a deal between the two companies and low and behold shortly after it was officially announced. Initial response… Continue Reading
A good start to the week for gold up $12 a ounce to $1291 in early trading. Here are a few of the mining headlines that caught my eye this morning. Fission Uranium – (FCU:TSX) – Fission continues to intersect strong uranium mineralization at the the PLS project in Saskatchewan. This morning 10 angled drill… Continue Reading
A look at some of the news releases that caught my eye on Monday morning and my comments. Ivanhoe Mines – (IVN:TSX) – Ivanhoe shares are catching a bid this morning up 18% at press time. China-based Zijin Mining Group will be acquiring a 9.9% stake in Ivanhoe through a private placement at C$1.36 per share. Ivanhoe… Continue Reading
A look at some of the headlines this morning that caught my eye and some more details on each. Dynacor Gold Mines (DNG:TSX) – Dynacor Gold has received the final construction permit for a new gold processing plant in Peru. The new plant will have processing capacity of 300 tpd but will be designed so it… Continue Reading
Athabasca Basin, Saskatchewan uranium explorer NexGen Energy (NXE.V) continues to intercept off scale uranium at the Rook 1 project. The winter drill program is well under way with 5,518.9 metres complete of the 18,000 metre program. News this morning was exciting as a new high grade zone (A3) has been discovered at their Arrow discovery. Drill hole AR-15-39… Continue Reading
