North Bay Resources Inc. announce that it has acquired the Pine River Vanadium deposit in northeastern British Columbia. Vanadium is a strategic metal that is irreplaceable in a number of applications, including alternative energy storage, where its environmentally friendly attributes have led many to now refer to it as the “green” metal. Pine River Vanadium covers 1,810 acres and is located in the Pine River Valley, approximately 700...
Freeport Resources Inc., a junior mineral exploration company listed on the TSX Venture Exchange is advancing towards the feasibility study stage at its high grade Hutton Garnet Beaches project in Labrador, Canada. Permitting is in process for the 2009 bulk sample, and several governmental meetings were held in Newfoundland and Labrador last month to explain the proposal. The work is needed to confirm logistics for commercial-scale production. A sample...
Uranium Star Corp. announces that the recent significant advances to the Green Giant Vanadium Project in Madagascar have dictated that the Company retain a consulting mining engineering company in order that additional metallurgical work and an order of magnitude study can be completed. This work would provide guidance for the existing field work program and a future Preliminary Economic Assessment (PEA). Uranium Star is very pleased to announce that...
Largo Resources Ltd. announce that the Environmental State Council of Bahia, the Conselho Estadual de Meio Ambiente has granted the Localization License for its Maracas Vanadium Project, in Bahia State, Brazil. The approval was confirmed today by publication in the Official Gazette of the state of Bahia. Stated Mark Brennan, President and CEO of Largo Resources, “I am very proud of our technical team for achieving this milestone. The team has...
Gossan Resources Limited has been advised by its joint venture partner, Marathon PGM Corporation, that the planned winter drilling campaign at the Bird River Project is now underway. The drill program is designed to improve the size, grade and quality of the resources recently defined at the Page Block and Ore Fault zones and also to test three high priority geophysical targets located to the east and south of Ore Fault. The Property is located on...
Denison Mines Corp. announced that it has satisfied the covenant outlined in its credit facility with the Bank of Nova Scotia relating to uranium production in 2008. Uranium production for the year totaled 1,635,000 pounds U3O8, with production from the McClean Lake joint venture being approximately 3,250,000 pounds (Denison’s share being approximately 731,000 pounds U3O8) and approximately 904,000 pounds U3O8 being produced at the White Mesa...
Denison Mines Corp. announced that the owners of the Midwest joint venture consisting of AREVA (69.16%), OURD (5.67%) and Denison (25.17%) have determined that the development of the Midwest Project will be postponed due to current economic conditions. The status of the project will be reviewed every six months. The postponement is a result of the current economic climate, delays and uncertainties associated with the regulatory approval process, the...
In consideration of the ongoing uncertainty in the uranium and securities markets, Energy Fuels has taken a number of steps to reduce its rate of spending. Energy Fuels’ capital preservation strategy is being implemented to ensure that the Company will be in place with strong, developed assets, ready to catch any significant upswing in the uranium market. Effective November 21, 2008, the recently permitted Whirlwind Mine will be placed on standby. Energy...
Largo Resources Ltd. announced that it has received additional results for ten (10) additional drill holes that are part of the recently completed drill program of 38 holes totalling 11,500 metres at the Company’s Northern Dancer Tungsten-Molybdenum property in the Yukon. These down-dip and in-fill holes continue to upgrade and expand the limits of the higher-grade tungsten and molybdenum zones outlined during the 2007 drill program. We believe...
Russell Industries, Inc. announces that, in order to complement its uranium-based long-term alternative energy efforts with a shorter-term, totally renewable alternative fuel source, it has become a member of The National Algae Association. The National Algae Association has appointed Rick Berman, President and CEO of Russell Industries, as a member of its Advisory Board and Political Action Committee. According to NAA founder Barry Cohen, Rick Berman...
Pacific Energy Development and Blast Energy Services Sign Merger Agreement
Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged...
Silvore Fox Updates Progress on Winston Lake and Coxheath
Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM...
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