The PDAC, (or Prospectors and Developers Association of Canada, to give it its full name), is the world’s largest mining conference, and is currently taking place in Toronto, Canada.
Having attended the conference for the last eight years, I approached this conference with pessimism and little enthusiasm. Here are my observations from the first two days.
Avalon Rare Metals {TSX: AVN} announces conceptual economic study confirming potential for redevelopment of their East Kemptville in deposit, Nova Scotia, Canada.
The deposit is primarily tin,with zinc and copper also present.
Further to their recent announcement about a business combination between Colonial Coal {TSX.V: CAD}.and Tuya Energy Inc., the respective companies have confirmed the filing the Joint Management Information Circular.
This paves the way for the respective shareholder meetings to take place for approval of the combination of the two companies.
Scorpio Gold {TSX.V: SGN} CEO Peter Hawley reported the final drill results of 2014, expansion drilling at their Bluelite satellite deposit at Mineral Ridge, Nevada.
The highlight was 7 grams per ton over three metres, in a program where most holes reported grades at shallow depth.
Initial independent testing of Graphite from Zenyatta Ventures’ {TSX.V: ZEN} Albany project has yielded positive results, indicating that the graphite is “within the range of materials used in existing Lithium-Ion batteries”
This is a useful step, but the company warn that this is not confirmation of an economic deposit, as an independent feasibility study is required first.
Dr. Joseph Kim, President, CEO, and director of Inovio Pharmaceuticals {NASDAQ: INO} recently made a strong presentation to the 2015 BIO CEO Investor Conference held in the Waldorf Astoria, Park Avenue, New York City.
Dr. Kim outlined the planned developments for this year and confirmed a solid cash position of $100 million.
Toronto, ON, and Storrs, CT, February 10, 2015 – POET Technologies Inc. {TSX-V: PTK} developer of the planar opto-electronic technology (“POET”) platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer – today announced the completion of its “3rd party foundry” 40/100-nm transfer milestone.
The Company also announced $4 Million in additional capital raised from institutional and accredited shareholders through the exercise of warrants during the month of January 2015, and the resignation of Dr. Adam Chowaniec from its Board.
Thunder Bay – Zenyatta Ventures Ltd. {TSX.V: ZEN} have announced that a one or two hole drill program has commenced on a buried geophysical target north of the Albany graphite deposit in north-eastern Ontario.
Colonial Coal {TSX.V: CAD} President and CEO David Austin has announced a proposed business combination of Colonial Coal and Tuya Energy Inc., for the consideration of 31.7 million shares.
The deal is subject to the usual court and regulatory approvals, plus the approval of the shareholders of the respective companies.
Due to it being the first major mining investment conference of the year, the Vancouver Cambridge House Resource Conference acts as a bell weather for the coming year.
If this runs true to form in 2015, then we are in for another very dull year! Continue reading
In a continuation of one of the strangest dispute I have ever seen, after losing in the London High Court of Justice in December 2014, Gas Plus Khalakan have turned to the court system in Jersey to seek to deny Range Energy {CSE: RGO} access to data they have paid for in respect of the joint exploration licence in Iraqi Kurdistan.
This was an ex parte hearing, so Range have not yet had the right of response, and it would be hoped that when they do, the Jersey Court refers to the decision of the London High Court of Justice last year.
Colonial Coal {TSX.V: CAD} CEO and President David Austin shared his delight as the sudden and surprise rate cut by the Canadian Central Bank.
“This rate cut, with the subsequent fall in the Canadian dollar versus the US dollar is very positive for Canadian coal juniors such as Colonial” beamed a happy David Austin as the news was announced.
Condor Gold PLC (LON:CNR) had its target price trimmed by Numis Securities Ltd from £1.00 to 90p in a research note released on Thursday morning. They currently have a buy rating on the stock.
Condor Gold plc (LON: CNR} is a London, UK based exploration company, and focuses on proving commercial reserve on its 100% owned La India Project in Nicaragua. As of December 31, 2011, La India Project had 1,620,000 ounce of gold.
Inovio Pharmaceuticals HIV Immunotherapy shows characteristics considered vital to Treating HIV
A small patient study confirmed that immune response characteristics within the test group generated by the immunotherapy were similar to the small group of HIV positive people whose are not progressing to the latter stages of the disease, without treatment of any kind.
Scorpio Gold {TSX.V: SGN} CEO Peter Hawley “proud of record production achievement in 2014”
In a year that contained challenges both with grade and permitting issues, Scorpio Gold still managed to produce a record amount of gold, exceeding 40,000 ounces for the first time!
Terrace Energy {TSX.V: TZR} reports well results of from their St Olmos project (27%).
George Morris, the Company’s Senior VP and COO stated, “We are pleased with the early results of these wells and the efficiency of the zipper fracs”.
Is the announcement by Israel based tech junior Storedot of a new organic battery for smartphones that charges from dead to full in 26 seconds a serious disruptive threat to the anticipated growth of the lithium industry?
Alexco Resources {TSX.V: AXU} reported a positive PEA for their expanded silver solution at Keno Hill, Yukon, Canada.
The PEA includes an amended agreement with Silver Wheaton for the silver streaming deal.
Scorpio Gold completes their 2014 expansion drill program at Mineral Ridge, Nevada (70%)
Best hole reported 1.52 m of 1.51 g/t Au at Mineral Ridge, and rounded off a good year from their exploration program during 2014.
Range Energy’s {RGO) arbitration award stands up in the High Court of Justice, London.
The court stands behind the previous decision awarded in May 2014 in London
