Brett Receives Necessary Permits and Licences for the Reconstruction of the Sawbill North Road
Brett Resources Inc. announce that it has received all necessary permits and licences for the reconstruction of the Sawbill North Road. This road will provide a link between the mineral properties in the Hammond Reef Area and the community of Atikokan. The road will also provide access for other resource related activities in the area. This road construction is a collaborative process between the Seine...
Verenex submits Final Appraisal Report and preliminary development plan for A1-47/02 Field in Libya
Verenex Energy Inc. announce that it has submitted a Final Appraisal Report for the A1-47/02 Field to the Area 47 Management Committee which includes representatives of Verenex, Medco International Ventures Limited and the Libyan National Oil Corporation (“NOC”). The Report recommends that the field be declared commercial as a first step in advancing a 50,000 bopd (gross) Phase 1 development...
BacTech Seeks Government Funding for Bioleach Plant to Neutralize Toxic Arsenic Tailings in Cobalt, Ontario
BacTech Mining Corporation has applied for $10 million in government funding to build a pilot bioleach plant in the Cobalt area of Northern Ontario to neutralize the arsenic-laden tailings dumped there in the early 1900s. High grade silver was discovered in the Cobalt area in 1903, which led to a Klondike-like rush. Between 1903 and 1923, over 330 million ounces of silver were mined from high-grade...
CanArgo Announces Regulatory Clearance and Commencement of Rights Offering as Well as an Operational Update
CanArgo Energy Corporation announced that the United States Securities and Exchange Commission has declared effective the Registration Statement filed on Form S-3 by the Company under the U.S. Securities Act of 1933 and the completion of all regulatory reviews by the Oslo Stock Exchange relating to the previously announced Rights Offering. Accordingly, the Rights Offering will commence on October 6,...
ABC Funding, Inc. Closes Acquisition of Voyager Gas Corporation for $42.0 Million
ABC Funding, Inc. announced that it closed its acquisition of all of the outstanding capital stock of Voyager Gas Corporation, for cash consideration of $35.0 million plus 10,000 newly issued shares of ABC’s Series D Preferred Stock, having an agreed upon value of $7.0 million. Upon the effectiveness of an amendment to the Company’s Certificate of Incorporation increasing the number of shares of...
U.S. Energy Corp. Provides Review of 2007 and Operations Update
U.S. Energy Corp., a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate, today provided a review of 2007 results and an update on current operations for its primary business segments. Review of 2007 Accomplishments The year ended December 31, 2007 was the most profitable in U.S. Energy Corp.’s history, due primarily to the sale of the Company’s...
Enterra Energy Trust Announces February Distribution of US$0.06
Enterra Energy Trust announces that a cash distribution of US$0.06 per trust unit will be paid on February 15, 2007 in respect of January 2007 production. This reduction from the distribution of US$0.12 per unit paid in each of the last six months is consistent with Enterra’s policy of maintaining a conservative payout ratio in order to fund organic growth. Three factors have contributed to this...
DNR won’t allow mining in Glendale area after uproar
Despite the discovery of ”a viable coal reserve” at Glendale Fish and Wildlife Area in southern Indiana, it’s not going anywhere. Department of Natural Resources director Rob Carter announced Thursday that strip mining of the coal will not be allowed because it lacked public support. The DNR granted Black Beauty Coal Company permission to conduct exploratory drilling at Glendale,...
Thunderbird Joins Ongoing 10 Well Drilling Program in Kansas; First 2 Wells Are Successful and Option Acquired to Drill Multiple Oil and Gas Plays
Thunderbird Energy Corp. (TSX VENTURE:TBD – News; “Thunderbird”) announced today it has entered into an agreement with EHM Energy Partners Inc. (“EHM”) to join their ongoing 10 well drilling program in Rush County, Kansas. EHM has just completed drilling the first 2 wells, and is in the process of equipping them for commercial oil production. A third well will spud within...
Coal gasification options in Alaska
In the portfolio of possibilities for the development of Alaska energy resources, coal gasification has taken a prominent position in the past year. In November 2005 Agrium announced its Blue Sky project, to use coal gasification as an alternative to natural gas to feed its fertilizer plant at Nikiski on the Kenai Peninsula ”” in August the company announced that it was progressing to phase...
Latest Mining News
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
Nuinsco Acquires Gold Project in Lake of the Woods Region
Nuinsco Resources Limited announced it has optioned a claim package, collectively referred...
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