Hecla Announces $21 Million Equity Transaction

Hecla Mining Company announced it has entered into a definitive agreement to sell securities to selected institutional investors for aggregate gross proceeds of $21 million. The offering will be made pursuant to Hecla’s existing Form S-3 shelf registration statement and base prospectus filed with the Securities and Exchange Commission (SEC). The offering is expected to close no later than December... 

Tag: hl prb versus hl prc, hecla mining warrants, hecla warrants, rodman renshaw hecla mining, nyse hl

Western Sierra Signs Agreement to Acquire the Blue Bell and De Soto Mines in Arizona

Western Sierra Mining Corp. announced that it had signed a contract for a two-year lease with a fixed price option to purchase both the Blue Bell and De Soto mines, located near Crown King and Mayer, Arizona. Both mines have historically produced large amounts of silver and copper; the production cons also carried some gold. The two mines rest on approximately 550 acres of patented property. Both the... 

Western Sierra Confirms Negotiations to Acquire Two Additional Patented Mine Sites in Arizona

Western Sierra Mining Corp. confirmed that it is in the final stages of negotiating a contract to acquire both the Blue Bell and De Soto mines located near Crown King and Mayer, Arizona. Both mines have historically produced large amounts of gold, silver and copper and rest on approximately 550 acres of patented property. Michael Chaffee, CEO & President of Western Sierra Mining, commented, “When... 

Western Sierra Signs Mining Agreement to Operate the Gold Basin Placer Mine

Western Sierra Mining Corp. announced that the Company has signed a lease option agreement with Arizona-based Pine Creek Mining Corp to operate the Gold Basin Placer mine, located near Wilhoit, Arizona. The agreement also provides Western with the option to purchase the mine, which has proven gold reserves exceeding 150,000 oz. gold with estimated and possible of an additional 300,000 oz. Au. Western... 

Tag: bradshaw mountains placer gold, gold basin placer mine, placer gold mine machinery, western sierra mining news, project on dimond mining

Sub-Saharan Natural Gas Conference Draws Independents & Majors

A number of independent and major exploration and production companies will attend a forum focusing on development of Sub-Saharan Africa’s prodigious natural gas reserves, September 3 & 4 in Houston. Among the organizations that will be represented at the meeting are: Artumas Group, Chevron, Citigroup, ConocoPhillips, Marathon Oil Corporation, PetroSA, Repsol YPF, Sasol, Fortesa, Hyperdynamics,... 

New ‘Voyager’ Company to Explore Natural Gas Midstream Opportunities

Tenaska Capital Management, LLC (TCM), has announced the formation of Voyager Midstream, LLC, a Houston-based company dedicated to developing, acquiring and managing midstream natural gas industry assets in a market where growth opportunities are increasing. Voyager Midstream, staffed by a team of natural gas industry veterans, will focus nationwide on investments in the broad midstream sector of the... 

Tag: tom shaw geologist, midstream gas best growth prospects, l jay evans houston, tenaska capital voyager midstream, oil and gas management inc chestnut ridge storage

Mengold Closes $500,000 Private Placement With MineralFields

Mengold Resources Inc. has closed a private placement through the sale of 2,000,000 units at a price of $0.25 per Unit, for gross proceeds of $500,000. Each Unit consists of one flow-through common share and one transferable share warrant (each share purchase warrant a “Warrant” and collectively, the “Warrants”). Each Warrant entitles its holder thereof to acquire one additional... 

Queensland Gas Shareholders Back AGL, Spurn Rival Bid

Queensland Gas Co. shareholders approved AGL Energy Ltd.’s purchase of a stake in the Australian coal seam gas producer for A$324 million ($254 million), spurning a rival bid from a Societe Generale Asset Management unit. AGL’s proposal, which includes a 20-year contract to buy fuel from the Brisbane-based company, was backed by more than 75 percent of shareholders, Queensland Gas Managing... 

Global Uranium and Forum Uranium Complete Phase I Drilling at Orchid Lake

Global Uranium Corp. and Forum Uranium Corp. are pleased to announce that nine holes comprising of 1,140 metres of drilling have been completed on the Orchid Lake project. The targets on the Orchid Lake property are shallow, basement-hosted, unconformity-type uranium deposits. The project is located 20 kilometres west of the Cameco/AREVA Key Lake Uranium Mill in the prolific Athabasca Basin of northern... 

BacTech Receives Results From Quinto Mining

BacTech Mining Corporation announced today that it has received, from Quinto Mining Corp. (“Quinto Mining”), recent sample results from a program conducted on the Godbout “B” uranium property (the “B” Property”) located near Baie-Comeau, Quebec. The “B” Property is one of two claim groups optioned by BacTech subject to a joint venture with Quinto...