UEC Acquires Uranium One Americas

Uranium Energy Corp. (NYSE American: UEC)

Announced the Company has entered into a definitive share purchase agreement with Uranium One Investments Inc., a subsidiary of Uranium One Inc, to acquire all the issued and outstanding shares of Uranium One Americas, Inc. for a total purchase price comprised of $112 million in cash.

UEC thus becomes the largest uranium miner in the USA. Continue reading

Ascot Resources Q3 Results and Premier Update

Ascot Resources (TSX: AOT)

Announced the Company’s unaudited financial results for Q3 2021, and provided an update on the permitting and pre development progress at their Premier Mine.

The ball and sag mills are in place, and early earthworks preparation is continuing, as final permit negotiations take place. Continue reading

Mining Review Weekly Update 7th Nov. 2021

Mining Review Weekly Update 7th Nov. 2021

A fairly boring week as far as the mining and commodity sectors go, after a few weeks of excitement involving soaring metal prices, shortages of supply, and M & A activity amongst mining companies. Gold rose on interest rate news.

Who will be next in the M & A queue?  Colonial Coal looks a likely candidate, as do Bardoc Gold, Canuc Resources, and maybe even Cartier Resources, in my view. Continue reading

Minera Alamos Celebrates Santana First Gold Pour

Minera Alamos Inc. (TSX.V: MAI)

Reported that it has made an initial delivery of gold doré from its Santana gold project in Sonora, Mexico.

The gold was recovered from early material stacked on the Santana heap leach pad and intended to commission the Company’s carbon recovery plant and associated solution pumping systems, in advance of ramping up daily mining operations. Continue reading

Bardoc Gold Hit High Grade Fold at N. Kanowna Star

Bardoc Gold Limited (ASX: BDC)

Advised that recent drilling at the North Kanowna Star Project, which forms part of the Company’s 3.07 M oz Bardoc Gold Project near Kalgoorlie, has identified a significant mineralised corridor, with more than ten prospects now identified as high priority for further exploration. Continue reading

Apollo Consolidated bidder increases offer

Apollo Consolidated (ASX: AOP)

Ramelius Resources has increased its bid for Apollo Consolidated by 6 c to 62c, cash and scrip split.

The bid has been recommended by the board, and it appears Ramelius have purchased Gold Road’s 19.9% so unless there is a higher bidder, this should go through unopposed.  {…} Continue reading