US Oil Sands (USO:TSXV) has closed its previously announced, oversubscribed $81 million financing and has added a changed lineup of all-star energy entrepreneurs to its board of directors.  USO raised the money from three main strategic investors, Blue Pacific Investments, Anchorage Capital Group and Spitfire Ventures.  Blue Pacific nominated Serafino Iacono (highly successful Colombian resource entrepreneur… Continue Reading

NexGen Energy (NXE:TSXV) has completed their first phase of drilling on their Rook I project and announced a summary of their findings.  Rook I is 2.1km northeast of Fission/Alpha’s Patterson Lake South Discovery.  The program was designed to narrow down a large prospective target area, to determine if mineralization existed their and to better understand the geology… Continue Reading

Please note: The following are “Exploration” stage companies. Companies with a Resource in Colombia, including Continental Gold, Red Eagle Mining, and Eco Oro Minerals, have not been ranked in this report. The year has been a disappointing one for the BRICs, with China being the only country to bring significant GDP growth to the table. However, with… Continue Reading

In the current squeeze on the junior sector, much has been said about the challenges in raising money and the impact of lower precious metals prices on the cash costs and feasibility of future projects. However, in these tough markets, another metric that investors should pay close attention to is the General and Administration (G&A)… Continue Reading

Yesterday Stockwatch reported that well known Canadian financier Frank Giustra was rolling back his public shells. These are the vehicles he has historically used to launch new natural resources ventures. Frank Giustra’s Royce Resources Corp. (ROY), last at 1.5 cents, will ask shareholders at its AGM on Oct. 17, 2013, to approve a 1:10 rollback. The shell… Continue Reading

NexGen Commences Drilling at Radio Project, Eastern Athabasca Basin, Saskatchewan Related: Read the NexGen backstory in this CEO.CA interview here. NexGen Energy Ltd. (TSX.V:NXE) (“NexGen” or the “Company”) is pleased to announce that it has commenced a 4,000 meter drill program at the Radio property, which is immediately adjacent to, and on trend approximately 2km east from, Rio… Continue Reading

Keir Reynolds posted the 4 year TSX-Venture Index chart on Twitter earlier, and we discussed it with the CEO Technician this evening. He told us, “Utter garbage…needs to base out and begin to show some signs of accumulation…no signs yet.” There you have it.

“With the regulations and liability being forced upon the brokers, I can foresee the extinction of the independent brokers—Haywood Securities, PI Financial, Leede Financial, Jordan Capital Markets, Toll Cross Securities, Byron Capital Markets—because they’re not built to be asset gatherers. They’re not built to be in competition with the big banks. The investors who do… Continue Reading

Source: “Junior Venture Exchange Needs Cleansing” says Rick Rule of Sprott Global Resource Investments. Small Cap Power Q: The Canadian junior market and the resource juniors continue to struggle as investors shy away from them despite the TSX and Dow Jones trading at very good levels. When do you see the junior markets starting to perform again?… Continue Reading