North Atlantic to Commence Trading on TSX Venture Exchange
North Atlantic Resources Ltd. announces that, further to its news release of December 1, 2009 the common shares of the Company will commence trading on the TSX Venture Exchange effective at the opening of trading on Friday, December 18, 2009. The Company is classified as a Tier 2 Mineral Exploration/Development Company on the TSX Venture Exchange. The common shares of the Company will cease trading...
Homeland Energy Finalizing Extension of Agreement Deadline for Appolo Mines and Diversified Energy
Homeland Energy Group Ltd. is finalizing an extension of the agreement deadline with the vendors of Appolo Mines and Diversified Energy of Middlesboro, Tennessee and Knoxville, Kentucky respectively as the current agreement expires today. Homeland Energy Group Ltd. is a coal producer with operations the Witbank area of South Africa. The company also has a large-scale development property in South...
Homeland Energy to Reacquire Full Ownership of South African Subsidiary
Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million. With this repurchase, Homeland Energy Group Ltd. retains 100%...
Macusani Yellowcake Announces Private Placement to Homeland Uranium
Macusani Yellowcake Inc. announced that it has entered into an agreement with Homeland Uranium Inc. for the purchase by Homeland of 7,619,047 units of Macusani at a price of $0.2625 per unit for proceeds to Macusani of approximately C$2 million. Each unit is comprised of one common share and 0.60 of a common share purchase warrant, with each whole warrant exercisable for a 24-month period to acquire...
Homeland Energy Holds Official Ceremonies for Kendal Mine Opening, South Africa
Homeland Energy Group Ltd., in conjunction with Homeland Energy & Mining, SA, held grand opening ceremonies for the Kendal Colliery yesterday at the Kendal site, approximately 90km east of Johannesburg earlier this week. Following a tour of the mine and plant sites, as well as the new housing community Homeland has built for local residents, Deputy Minister of Minerals & Energy, Ms. Futhi...
Wealth Discovers Additional High-Grade Uranium Occurrences at the Bororo Nuevo Project, San Jorge Basin, Argentina
Wealth Minerals Ltd. announce the results from additional sampling at its Bororo Nuevo Project (BNP) in southern Argentina. Sampling and prospecting at the Theta zone (13 samples) has highlighted an area measuring 110 metres by 30 metres averaging 5.16 lbs/ton U3O8 (0.219% uranium) and ranging from 0.21 lbs/ton U3O8 (0.009% uranium) to 44.4 lbs/ton U3O8 (1.88% uranium) (Figure 1). At the Iota zone,...
Homeland Energy to Purchase US-Based Appolo Fuels and Diversified Energy for US$105-Million
Homeland Energy Group Ltd., Appolo Fuels and Diversified Energy are pleased to announce that they have finalised a binding agreement for Homeland Energy to purchase the operating assets of Appolo Fuels, Inc., owner and operator of the Appolo coal mine and Diversified Energy, Inc., the associated coal marketing firm, of Middlesboro, Kentucky and Knoxville, Tennessee, respectively. The total purchase...
Cameco Acquires Uranium Exploration Interest in Niger
Cameco Corporation announced it has formed a strategic alliance with Govi High Power Exploration Inc. (GoviEx) and acquired an approximate 11% interest in the company for $28 million (US). GoviEx is a closely held exploration company formed in 2006 with uranium exploration assets in Niger, Africa. The company holds about 2,300 square kilometres of exploration property in the region around Arlit, Niger,...
Homeland Receives Rand 150-Million Debt Finance Facility Approval from Nedbank Capital for its South African Subsidiary
Homeland Energy Group Ltd. announce that Nedbank Capital, the Investment Banking division of Nedbank Limited, one of South Africa’s largest banks, has approved a Debt Finance Facility for Homeland’s Kendal Colliery. Following a thorough due diligence and review of Homeland’s Kendal Colliery, Nedbank Capital has approved the 5 and a half -year facility, which is equal to approximately...
Homeland Energy Group’s Kendal Mine Produces First Coal
Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant on site should begin this week. Following additional pre-stripping...
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