Lithium Power International {ASX: LPI}
Issued an update to the market, confirming the procurement bidding process is ongoing for their Maricunga lithium project in Chile.
They also confirmed a program of works for their Australian project at Greenbushes. Continue reading
Market closures this week
The Canadian Markets will be closed on Wednesday 1st July for Canada Day.
The US markets will be closed on Friday 3rd July. Continue reading
Mining news – Sunday roundup
Last week was again a good week for several of the companies we follow, as the mining sector continues to climb with many companies reaching all time highs.
Colonial Coal (CAD.V) rose another 10% on the back of strong buying after recent conference participation increased awareness of the company and their assets.
I have noticed a good number of oversubscribed placings in the Canadian junior space, a healthy sign of investor confidence.
Neometals (ASX: NMT)
Project developer Neometals is pleased to announce the completion of a Scoping Study on the recovery of vanadium pentoxide (“V2O5”) from high‐grade vanadium‐bearing steel by‐product (“Slag”). Continue reading
Fosterville South Exploration (TSX.V: FSX)
Announced that the Board of Directors of the Company has unanimously approved a spin out transaction whereby Fosterville South will distribute the shares of a new company named Leviathan Gold Ltd. to the shareholders of Fosterville South.
Leviathan Gold will undertake an equity financing to fund the exploration, advancement and development of the Avoca and Timor projects. Continue reading
GoldMining Inc. {TSX: GOLD}
Creation of Gold Royalty Corp. (GRC), a new and wholly owned gold-focused royalty company, to expose existing shareholders to an additional and distinct form of value enhancement. Continue reading
Strongbow Exploration Inc. (TSX.V: SBW)
Updated on plans to drill test both the South Crofty tin project and the new United Downs copper-tin discovery in Cornwall, UK.
The Company has entered into a drilling contract with Priority Drilling of Ireland and drilling has commenced at South Crofty this week. Continue reading
Colonial Coal {TSX.V: CAD}
The price of CAD shares has risen very strongly recently, on the back of heavy buying, and has risen 50% in a week. Yesterday the price rose 13c, or 27%.
The company have now issued a news release Continue reading
O3 Mining Inc. (TSX.V: OIII)
Announced that it has closed its previously-announced “bought deal” brokered private placement of 4,651,200 flow-through units of the Company at a price of C$4.30 per FT Unit, and 8,599,810 units of the Company at a price of C$2.35 per Unit.
The gross proceeds of the Offering are approximately C$40.2 million. Continue reading
Mining news – Sunday roundup
Last week was a good week for several of the companies we follow.
Colonial Coal (CAD.V) , a premium coking coal development project in British Columbia, Canada, reached a 5 year high share price on the back of good volume and strong buying, following on from the awareness created by their recent conference participation. Continue reading
Fosterville South (TSX.V: FSX)
Fosterville South drills 18 m of 5.34 g/t Au at Golden Mountain.
FSX has provided assays from multiple wide intercepts of high-grade gold near surface from initial shallow scout drilling at the recently commenced Golden Mountain drilling program. Continue reading
ZEN Graphene Solutions (TSX.V: ZEN)
Announced it has received expression of interest from investors in an amount of $1,777,000 for the non-brokered private placement announced on June 15, 2020.
These expressions of interest have far exceeded management’s expectations. Continue reading
GoldMining Inc. (TSX: GOLD)
Announced that further to its press release dated May 5, 2020, the Company has filed a NI 43-101 technical report for its Yarumalito Gold-Copper Project located in the Departments of Antioquia and Caldas, near Medellin, Colombia. Continue reading
Zen Graphene Solutions {TSX.V: ZEN}
Reported that it will be providing Albany PureTM Graphene Oxide for development of a rapid, ultrasensitive and low cost bio-sensor to detect the presence of the SARS-CoV-2 antigen and/or antibodies in COVID-19 suspected patients.
This research is led by Prof. Maxim Berezovski, a full Professor at the University of Ottawa. Continue reading
Radisson Mining Resources Inc. (TSX.V: RDS)
The Abitibi based gold exploration and development company announced that due to demand from current shareholders, the Company is upsizing the recently announced non-brokered private placement offering.
As a result, RDS now expect to raise at least CAD$2,400,000.
Wesdome Gold {TSX: WDO}
CEO Duncan Middlemiss, in a video interview with Kitco, has laid out his plans for the company to double production from 100,000 ounces of gold per annum to 200,000 per annum when the Kiena mine commences production.
Wesdome currently produces around 100,000 ounces of gold from its Eagle River Complex. To hear the interview Continue reading
Mining news – Sunday roundup
Gold had a good week, spurred on by a weakening US dollar and further market volatility. Silver fell back slightly, after a stronger run recently.
Copper edged slightly higher on EV demand hopes, and Trafigura predict the metal will end in deficit this year. Continue reading
Radisson Mining Resources Inc.
Has arranged a non-brokered private placement to raise a minimum of $1.5-million.
This private placement will consist of a minimum of 5,000,000 common class A shares priced at CAD$0.20, and a minimum of 2,762,431 charity flow-through shares priced at CAD$0.362 per Quebec Charity FT Share, raising a minimum of $1,500,000. Continue reading
Minera Alamos {TSX.V: MAI}
Released additional drill results from its phase 2 drill program at the Santana gold project in Sonora, Mexico. Phase 2 was completed over the past year.
The successful results from the program, which are highlighted in the associated table, further expand mineralisation to the southwest and confirm the depth potential previously identified in hole S20-134. Continue reading
GoldMining Inc {TSX.V: GOLD}
Hayward Capital Markets have issued a new broker note for GOLD.V.
To read the report and target price, please Continue reading
