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 [...]
Unico, Incorporated, a natural resource company in the precious metals mining sector, today announced the receipt of an additional $100,000 in financing through the sale of a new convertible debenture to Moore Investment Holdings, LLC, a Nevada limited liability company. The $100,000 convertible debenture was dated October 14, 2008.
The company has filed a Current Report [...]
Adanac Molybdenum Corporation announces the results for 10 holes from its Ruby Creek 2007/2008 diamond drilling program.
2007/2008 Diamond Drill Program
The program includes 60 holes starting at AD-372:
AD-372 to AD-374 results previously reported on September 13, 2007
AD-375 to AD-383 results previously reported on July 10, [...]
Geoinformatics Exploration Inc. announce that it has completed the private placement with Geologic Resource Partners LLC (”GRP”) raising gross proceeds of Cdn$29,328,000 by issuing 586,560,000 common shares at a price of $0.05 per common share. The proceeds from this financing are being used to (i) repay the convertible loan facility in the amount of US$20 [...]
Metalico, Inc. has realigned and upgraded its Platinum Group Metals management team with the hiring of three veterans in key positions.
Andrew V. Masterman has been named PGM Group president with overall responsibility for Metalico’s precious metal recycling operations. Patricia M. Kennedy manages PGM administration, logistics and operations systems. Stephen B. Halliday takes over as general [...]
BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC).
The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche [...]
BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC).
The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of [...]
Ausam Energy Corporation announce that the TSX Venture Exchange has conditionally approved an early warrant exercise incentive program designed to encourage the exercise of up to 8,701,132 common share purchase warrants of Ausam. The Program will be open for a 30-day period, which will commence on October 20, 2008, and end on November 18, [...]
Alcoa said today it expects its joint shareholding in Rio Tinto to be transferred promptly and smoothly from a custodial account with Lehman Brothers International Europe in London to a custodial account with another nominee unaffiliated with Lehman Brothers. Alcoa said it is working closely with administrators of Lehman Brothers International Europe and with Chinalco, [...]
Kalimantan Gold Corporation Limited plans to raise up to $1,000,000 from a non-brokered private placement financing from the sale of up to 10,000,000 common shares at a price of $0.10 per share. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.
Rahman Connelly, Deputy Chairman and CEO of [...]
