Scorpio Gold announces a toll milling agreement for Goldwedge

   Scorpio Gold Corp. (TSX-V: SGN)

Announced the signing of a Toll Milling Agreement  between the Company’s affiliate, Goldwedge LLC, and Lode-Star Mining Inc.

The Agreement will allow for the processing of ore delivered from Lode-Star’s mining properties to Scorpio Gold’s 400 ton per day Goldwedge milling facility located in Manhattan, Nevada. Continue reading

Far Resources Successfully Advance First Battery Product to Prototype Fabrication.

   Far Resources Ltd {CSE: FAT}

Far, and its partners BattMat Technologies, Inc. and Electric Blue Power, announced commencement of fabrication and testing of the first prototype units of its VAB Controller© (Vehicle Automated Battery/Block Controller and Monitoring System), thus meeting a key milestone towards commercialisation and revenue generation. Continue reading

Miners could be impacted by the coronavirus as Chinese disruption spreads

Coronavirus will impact miners and metal prices

China has confirmed that the coronavirus contagion is spreading, with 15 cities now under quarantine.

This is going to hugely impact commerce in China, and by default, mining companies as metal prices are already starting to slip as anticipated demand is lowered during the crisis. Continue reading

Neometals Barrambie test pilot plant a success

   Neometals Ltd (ASX: NMT)

Provided an update on its Barrambie Titanium and Vanadium Project.

The Company has successfully produced high purity (>98%) titanium hydrolysate (hydrated titanium dioxide ‐ TiO2.2H2O) from the titanium recovery stage of its Australian pilot plant trial. Importantly, titanium recovery from Barrambie concentrate exceeded 90%. Continue reading

Canuc Resources issues an IOT update

   Canuc Resources Corp. {TSX-V: CDA}

Provided an update on the previously announced Partnership Agreement with an Internet of Things (IoT) service provider firm.

Canuc is currently in talks with oil & gas production and service companies, and with mining companies that have operations in western Canada. Canuc is expecting to bring new clients to Ioticiti within the first quarter of 2020. Continue reading

Tinka holder Sentient IV acquires 10.28 million shares

   Tinka Resources {TSX.V: TK}

Sentient Global Resources Fund IV LP has filed an early warning report in respect of its holdings in Tinka Resources Ltd..

On January 13, 2020 Sentient IV, exercised its pre-existing participation rights in respect of a private placement financing previously announced by Tinka on December 19, 2019,  Sentient IV acquired for 10,288,066 common shares of Tinka  at an aggregate price of C$2.5 million (or a price of C$0.243 per share). Continue reading

Wesdome reports results, price falls

  Wesdome {TSX: WDO}

Reported production from the The Eagle River complex in the fourth quarter of 2019 totalled 21,332 ounces of gold, representing an increase of 24 per cent from the same period last year.

Full-year 2019 production of 91,688 ounces of gold as compared with 71,625 ounces of gold production of fiscal 2018 represents a 28-per-cent increase year on year and an almost a twofold increase since 2016. Continue reading

Onecoin – Ignatova’s former lover said to be co-operating with authorities

   OneCoin scam

The lover (or former lover) of OneCoin founder Dr. Ruga Ignatova is reported to be co-operating with the FBI in relation to the OneCoin scam, according to a report in the Daily Record.

OneCoin is still operational in some jurisdictions, such as Uganda, and is believed to have cost investors in the ponzi scheme between $4 billion and $12 billion. Continue reading