Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Stans Energy Corp. Acquires Former Producing Kutessay II Rare Earth Mine

Stans Energy Corp. acquired 100% of the Kutessay II deposit along with 100% of the Kalesay Beryllium deposit from the Government of Kyrgyzstan for $855,000 US by acquiring 100% of “Kutisay Mining” on the Central Asian Stock Exchange. Stans Energy Corp. has commenced a feasibility study on restarting production at Kutessay II. A NI 43-101 report will be done in conjunction with the feasibility... 

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Exploration for Rubies, Gold and Marble in Cambodia

Terra Energy & Resource Technologies, Inc., a natural resource exploration services technology company, announces that the Company completed two projects for gold, rubies and marble exploration in Cambodia utilizing its innovative proprietary technology STeP®. Both service contracts were awarded to Terra by The Millennium International Group, LLC, which has subsequently requested the Company... 

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Terrawest Energy Corp. Announces Natural Gas Discovery

Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production... 

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Minnesota State Building and Construction Trades Council United in Opposition to Anti-Mining Bill

The Minnesota Building and Construction Trades Council, one of the state’s most prominent labor groups, is in agreement with high profile elected officials from both sides of the political isle that there is no need for the non-ferrous mining legislation being pushed by the Friends of the Boundary Waters. Minnesota is facing the largest budget challenge in history and companies across the state... 

Continental Finalizing Mining License Application & Compiling Materials for Construction Permits

Continental Minerals Corporation announces an update on progress toward mine development at the Xietongmen property, located 240 kilometers from the city of Lhasa in Tibet Autonomous Region, People’s Republic of China. The Company expects that the Mining License Application for the Project will be formally submitted later this week. Continental recently achieved another step towards finalizing... 

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Wits Basin Completes Iron Ore Joint Venture in China

Wits Basin Precious Minerals Inc. announce that China Global Mining Resources (BVI) Limited (CGMR), its 50/50 joint venture company with London Mining Plc, has completed the acquisition of two companies, Maanshan Xiaonanshan Mining Co., Ltd and Nanjing Sudan Mining Co., Ltd, which own an iron ore mine and concentrator plant located in the Anhui and Jiangsu Provinces of the Peoples Republic of China.... 

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Uranium One Announces C$270 Million Financing and Formation of Strategic Relationship with Japanese Consortium

Uranium One Inc. said that it has entered into a subscription agreement with a corporation formed by The Tokyo Electric Power Company, Incorporated, Toshiba Corporation, and The Japan Bank for International Cooperation providing for the private placement of an aggregate of 117,000,000 common shares of Uranium One, for gross proceeds of approximately C$270 million. Concurrently with the execution of... 

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Treasury Metals Submits Proposal for the Acquisition of Sierra Minerals

Treasury Metals Inc., confirmed that it has submitted a non-binding proposal for the acquisition of all of the issued and outstanding common shares of Sierra Minerals Inc. pursuant to a takeover bid or other business combination transaction. Treasury proposes that Sierra shareholders would receive 0.8 common shares of Treasury for each 1.0 outstanding common share of Sierra. This exchange ratio implies... 

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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 timeline to production in one of the most mining friendly jurisdictions in North America. The two companies have agreed to combine on the basis...