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Random News from Mining Top News

Conquest Raised $500,000 in Private Placement Financing

Conquest Raised $500,000 in Private Placement Financing

…  the placement was closed in escrow on December 31, 2008, pending disinterested shareholder approval of the creation of a new …

January 8th, 2009

Rocmec Closes Financings Totalling $350,000

Rocmec Closes Financings Totalling $350,000

Rocmec Mining Inc. announces that it has closed a non-brokered private placement with accredited investors of 3,300,000 units, at a price of $0.10 per unit, for gross proceeds of $330,000. Each unit is comprised of one flow-through common share and one-hal …

January 8th, 2009

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

As part of the Company’s targeted expansion into key resource plays of North America, Marathon Oil Corporation announced that it has participated in a successful step-out discovery well on the Brickyard prospect, located in the northeast area of the Anadar …

January 7th, 2009

Clayton Williams Energy Provides Operations Update on Bossier Drilling

Clayton Williams Energy Provides Operations Update on Bossier Drilling

…  approximately $20 million in the fourth quarter of 2008 related to the abandonment of this well and the impairment of …

January 7th, 2009

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

…  or any other refining facility to maximize the refinery’s profitability. “We look forward to productive collaboration with a number of …  part of it. We are certain that our systems will increase profitability by cutting refining costs, saving energy, and increasing …

January 7th, 2009

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

…  LLC (”Bayless”), for $2.3 million, effective December 1, 2008. The eight wells are located in Garfield County, Colorado, and are …

January 7th, 2009

Providence Drills Well on Its Val Verde Prospect

Providence Drills Well on Its Val Verde Prospect

Providence Resources, Inc., announced that it has commenced drilling the Carson 10-1 exploration well on its leases in Val Verde County, TX. The vertical well was spud on January 2, 2009 and is expected to reach a target depth of 16,000 feet in approximat …

January 7th, 2009

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

…  The assets have been non-operative since January 2008. Following the successful closing of the acquisition, the Company expects …

January 7th, 2009

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair Exploration & Mining Corp. and Target Exploration & Mining Corp. have entered into a Letter Agreement to combine their businesses to create a well-funded, low-cost, growth-oriented, uranium exploration and development company with a defined timel …

January 7th, 2009

Revett Receives Approval of Rock Creek Environmental Assessment

Revett Receives Approval of Rock Creek Environmental Assessment

Revett Minerals Inc. 67% held subsidiary, Revett Silver Company, and its wholly owned subsidiary RC Resources Inc. is pleased to announce it has received notice from the Montana Department of Environmental Quality (MDEQ) that the draft Environmental Assess …

January 7th, 2009