Impact Minerals Limited (ASX: IPT)
Announced that it has agreed terms for the sale of a 75% interest in its 100% owned Commonwealth Project in the Lachlan copper-gold province of New South Wales.
The principal terms of the sale, which is to Burrendong Minerals Limited, an unrelated public company looking to list on the ASX. Continue reading
Calidus Resources (ASX: CAI)
The stock has been halted pending an announcement.
It has been reported in the Australian media that Calidus are looking to raise up to A$20 million, at 67 cents, for around a 7.3% dilution. Continue reading
Uranium Energy Corp. (NYSE: UEC)
Has received a notice from UEX Corporation that Denison Mines has made a new non-binding proposal to acquire all of the issued and outstanding shares of UEX pursuant to a plan of arrangement.
The “UEX Board has unilaterally postposed the special meeting of securityholders of UEX originally scheduled for today, Tuesday, August 9, 2022 to Monday, August 15, 2022 to consider the New Denison Proposal. Continue reading
Uranium Energy Corp. (NYSE: UEC)
Have increased its offer for all the outstanding shares of UEX Corporation by 7%, to counter the offer made by Denison Mines which outbid the original UEC offer.
The termination fee has also been increased by 7%. Continue reading
Impact Minerals (ASX: IPT)
Announced an exploration update on their Arkun-Beau-Jumbo project in Western Australia.
Targets include nickel, copper, and platinum group metals. Continue reading
Mining Review Sunday Update 7th July 2022
A couple of disasters have unfolded, with the fall into administration of Wiluna Mining just after raising A$40 million, and Pure Gold Mining falling.
Cabral Gold and Calidus Resources reported good drill intercepts, and UEC made a proposal to the US government. Continue reading
Rokmaster Resources (TSX.V: RKR)
Announced commencement of the surface diamond drill program at its Revel Ridge Project.
The current drill program is primarily directed to efficiently test the Revel Ridge Main Zone northwest of the 830 Portal. Drilling will additionally test the Zinc Creek Showing. Continue reading
Cabral Gold (TSX.V: CBR)
Provided assay results from eleven new trenches excavated along strike and immediately west of the previously drilled Machichie Main zone within the Cuiú Cuiú gold district.
Highlight was trench CT0049, which returned 96.5m @ 0.6 g/t gold.
Maple Gold Mines (TSX.V: MGM)
Reported the mobilization of a second drill rig, while the first drill rig continues Phase II drilling at the 100%-controlled Eagle Project, to commence a 6,000 m deep drilling program at the Joutel Project in Quebec, Canada.
Joutel is held by a 50/50 joint venture between the Company and Agnico Eagle Mines. Continue reading
Diggers and Dealers, Kalgoorlie
The annual Diggers and Dealers Mining Conference that takes place in Kalgoorlie, Western Australia, lost the first day of the event to extreme weather, forcing the organisers to request everyone leave the arena at 10.00 am for safety reasons. […] Continue reading
Calidus Resources Ltd. (ASX:CAI)
Announced the results of a soil sampling program conducted in June and July 2022, which resulted in some compelling gold anomalies.
A total of 1,115 samples were collected over three areas on E46/1026: a main zone on a 200 x 40 m grid and two smaller areas on 100 x 50 m grids. Continue reading
City Investors Circle July Market Review
Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.
Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month. Continue reading