NioCorp Developments Ltd. (TSXV:NB), which is advancing the Elk Creek niobium project in Nebraska, has raised $3.77 million by selling $0.20 shares in two tranches, the company announced today. Niocorp has now raised over $5.5 million since late 2013. CEO Mark Smith continued his strong financial support for the company, purchasing $576,496.60 worth of shares,… Continue Reading
Ivanhoe Mines’ Platreef project in northern South Africa, one of the richest and largest platinum ore bodies every discovered, may be getting a lot bigger. Exploration drilling at the Ga-Madiba target, several kilometres to the South East of the Platreef Indicated Resource, turned up 48.6 meters of 4.63 grams per ton platinum, palladium and gold,… Continue Reading
Eric Reguly, Europe Business Correspondent for the Globe and Mail, has an excellent new profile out on 87 year old Barrick Gold Co-Chairman Peter Munk, who is expected to step down from the world’s largest gold miner he co-founded next month. The transition to retirement could either save Munk’s life or kill him, Reguly writes. Apparently… Continue Reading
Kevin O’Leary and Bruce Coxon are out as hosts of CBC’s Dragon’s Den TV program and Mike Wekerle and Vikram Vij are in (CBC story). O’Leary has been hosting the show since it came to Canada in 2006. With his double duty in America as a co-host on ABC’s Shark Tank, and almost daily appearances… Continue Reading
Alex Letourneau of Kitco News interviews Brent Cook of Exploration Insights, Alex Davidson of Yamana Gold, Catherine McLeod-Seltzer of Bear Creek Mining and Lowell Copper, and Miles Thompson of Reservoir Minerals and Lara Exploration, at last week’s PDAC convention in Toronto. This is an impressive gathering of credible exploration and mining industry figures. McLeod Seltzer,… Continue Reading
Canadian mining legend Ross Beaty, who founded Pan American Silver and the Lumina Copper Franchise, and made fortunes during the last decade’s resource bull market, is quietly making moves in the junior mining sector again. Earlier today Magellan Minerals announced a deal to sell to Ross its Pocone gold belt exploration projects in Western Brazil… Continue Reading
Robert Friedland’s Ivanhoe Mines has commenced drilling underground at the historic Kipushi Mine in the D.R. Congo some 1225 meters below surface and less than 1 kilometer from the Zambia border. Kipushi was one of the world’s richest copper, zinc, germanium and precious metals mines from 1924 until 1993; it was flooded in 2011. Ivanhoe… Continue Reading
The $65 million market cap Petronova announced a farm-in deal with Pacific Rubiales that will see the tiny oil explorer carried for 4 wells in the largest untested prospect in Colombia, potentially worth as much as $4 billion (40% to Petronova), with drilling starting in this year’s second half. Plus: Petromanas, Petroamerica, Canacol and frontiers… Continue Reading
Robert Friedland’s Ivanhoe Mines has just shared a photo album documenting progression at the company’s three Africa projects: · The Kamoa copper discovery in a previously unknown extension of the Central African Copperbelt in the DRC’s Province of Katanga. · The Platreef Discovery of platinum-group elements, nickel, copper and gold on the Northern Limb of… Continue Reading
The picture above is apropos. Because it appears the person shown is setting fire to cheap paper. LX Ventures (TSXV:LXV) was seen by many as the ascending tech rocket that would boost the local sector. CEO Mike Edwards is a renowned tech player, he’s got nice exits behind him, and witht he Mobio social media platform,… 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
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
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
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
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
