Pretium Resources Inc (PVG) announce this morning that it has entered into a subscription agreement with Liberty Metals & Mining Holdings, LLC (“LMM”), a subsidiary of Boston-based Liberty Mutual Insurance, to issue to LMM by way of a private placement 5,780,346 common shares of Pretium (the “Purchased Shares”) at a price per share of C$6.92… Continue Reading

Alpha Minerals Reports 53m of 6.57% U3O8 With 10.5m of 29.26% U3O8 at Patterson Lake South JV, SW Athabasca Basin Industry sources continue to be amazed with the quality of this discovery. Press release, Stock quote.

Upcoming feasibility study and bulk sample test could prove mining legend Bob Quartermain has struck gold again with Pretivm’s Valley of the Kings discovery. Pretivm Resources’ (TSX:PVG) Valley of the Kings discovery on the Brucejack property in Northern B.C. is just about the best Canadian gold project in the hands of a development company right… Continue Reading

Seven months after the B.C. Securities Commission slapped a cease-trade order on shares of Barkerville Gold Mines (BGM), the stock remains halted. The regulatory slapdown came after Barkerville, helmed by Frank Callaghan, proclaimed an NI 43-101 resource estimate of 10.6 million gold ounces, indicated, for its Cow Mountain project and the “geological potential” for 65 to 90… Continue Reading

Lumina Copper on Tuesday announced a preliminary economic assessment that gives the Taca Taca project in Salta, Argentina a net present value of $2.1 billion, assuming a discount rate of 8% and $2.75/lb copper, and after-tax internal rate of return of 17.2%. The assessment includes substantial gold and molybdenum at assumed prices of $1,200/oz Au… Continue Reading

AS LONG as Víctor Carranza was still alive, the threat of a new battle for control of Colombia’s emerald business was contained, if only just. Mr Carranza, a gem magnate who won the moniker “emerald tsar” for the control he imposed over the business, died of cancer on April 4th, raising fears that the fragile… Continue Reading

Alpha Minerals Inc (C:AMW) Shares Issued 20,400,561 Last Close 4/8/2013 $4.10 Alpha Minerals Inc. has entered into an agreement with Salman Partners Inc., Cormark Securities Inc. and Raymond James Ltd. pursuant to which the underwriters have agreed to underwrite the offer and sale of 1.2 million flow-through shares and 500,000 non-flow-through units of Alpha Minerals… Continue Reading

On a day when junior resource stocks are getting absolutely hammered, Alpha Minerals (TSXV:AMW) has announced the first official coverage of the company, by Rob Chang, Cantor Fitzgerald, with a BUY (Speculative) recommendation. At press time, shares in the Athabasca Basin focused uranium explorer were off 12.3% or 57 cents to $4.06. Considering Chang’s recommendation was at… Continue Reading

Lately, the media has made much of Canada’s “Cold War Era” uranium policy, limiting foreign ownership rights to 49 percent of a producing uranium project. The policy’s loudest critics include Saskatchewan Premier Brad Wall, Newfoundland & Labrador Premier Kathy Dunderdale, Rio Tinto, Areva Resources, Paladin Energy Ltd. and the Australian government. As it stands, a… Continue Reading

“We were almost killed several times,” Frank Giustra tells me. He’s recalling his first trip to Colombia in 1994 with his friend Serafino Iacono. FARC guerrillas and cocaine traffickers had made the country the most dangerous in the Americas, but it seemed like nothing could stop the two young natural resource promoters’ quest for the… Continue Reading

Amid the felled chief executive officers, shelved projects, tens of billions of dollars that won’t be spent and the barren lines of credit, miners are finding a reason to smile. The very excesses that put them where they are today will help to ease their pain. Equipment and talent are becoming easier to procure. Article:… Continue Reading

John Thornton was paid a staggering US$17-million in 2012, his first year with Barrick, according to a proxy circular filed by the company. That includes an US$11.9-million “special cash sign-on payment” for him to buy Barrick shares on the open market. Mr. Thornton, 59, is viewed as Mr. Munk’s likely successor, and is being treated… Continue Reading

“Rio Tinto does not need cash from an IOC sale and is unlikely to entertain low bids,” BMO Capital Markets analyst Meredith Bandy said. Article: Peter Koven, Financial Post

Alpha Minerals has disseminated the assays for hole 38 at Patterson Lake South, with intervals including 34 meters of 4.92% u3o8. Read the news release. See also: Alpha, Fission shares resume furious ascent on uber high-grade U3O8 drillhits by Kip Keen over at Mineweb. AMW shares were up 11.6% at press time. Stock quote.

This morning Skyharbour Resources announced they have acquired a land package in the Southwestern Athabasca region in close proximity to the Fission/Alpha Minerals discovery. Shares in the junior exploration company (TSXV:SYH) traded up 10% to six cents by press time. The company has been around for over ten years but inactive as of late save for a rollback in… Continue Reading