Desert completes buyout of Ashanti Gold

Desert completes buyout of Ashanti Gold

Desert Gold Ventures (TSXV: DAU) closed this week the acquisition of Ashanti Gold Corp (TSX-V: AGZ), a move that caused the Canadian company’s stock to jump 7.5% in the past five days. In a media statement, Desert said that each shareholder of...

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Falcon launches exploration program in Ontario’s Red Lake District

Falcon launches exploration program in Ontario’s Red Lake District

Falcon Gold (TSXV: FG) launched this week an exploration sampling program on its Wabunk Bay gold and base metal property located in the Red Lake District of northwestern Ontario. In a press release, the Vancouver-based miner said the objective of...

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Radisson closes $4.5m deal to develop historic Quebec gold mine

Radisson closes $4.5m deal to develop historic Quebec gold mine

Québec – based Radisson Mining Resources’ (TSX-V: RDS) stock was up over 3% Friday, after closing on a C$6 million (USD$4.5 million) private placement. The financing consisted of the issuance of 20.6 million units at C $0.15 per unit, for C$3.09...

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Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium Kwinana, a subsidiary of China’s Tianqi Lithium, has landed a five-year contract selling lithium hydroxide to LG Chem. The Western Australia-based unit will sell at least 15 percent of annual output at its new production...

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Forum looking to fund exploration program in Saskatchewan

Forum looking to fund exploration program in Saskatchewan

Forum Energy Metals (TSXV: FMC) is seeking to raise $75,000 through a non-brokered private placement of up 1,250,000 flow-through common shares to explore the Love Lake mafic-ultramafic complex. The project is located along Highway 905 to the...

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Kootenay Silver, Pure Nickel on Eric Sprott investment blitz list

Kootenay Silver, Pure Nickel on Eric Sprott investment blitz list

Canadian explorers Kootenay Silver (TSXV: KTN) and Pure Nickel (TSXV: NIC) have received fresh injections of cash from Eric Sprott. The Canadian billionaire investor – also a pioneer in the gold-backed ETF industry – has splashed over C$145...

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Glencore could do for cobalt what it did for zinc – double the price

Glencore could do for cobalt what it did for zinc – double the price

The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021. Considering that Mutanda is the world’s largest cobalt mine and...

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Nornickel’s palladium fund to buy up to 500,000 oz in 2019

Nornickel’s palladium fund to buy up to 500,000 oz in 2019

Russian miner Norilsk Nickel’s Global Palladium Fund plans to buy between 300,000 and 500,000 troy ounces of palladium by the end of 2019, the miner’s chief financial officer said on Thursday. The fund of the world’s largest palladium producer...

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Monarch completes acquisition of Fayolle gold project in Quebec

Monarch completes acquisition of Fayolle gold project in Quebec

Monarch Gold (TSX: MQR) announced that it completed the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec (NYSE: HL) and Typhoon Exploration (TSXV: TYP). To do so, the Quebec-based company said it had to issue...

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Corvus Gold raises C$1.3m from AngloGold for Nevada projects

Corvus Gold raises C$1.3m from AngloGold for Nevada projects

Corvus Gold (TSX: KOR) announced Tuesday that it has raised C$1.3 million from a subsidiary of AngloGold Ashanti through a private placement, which was closed at a significant premium of C$2.60 per share. The stock was trading at C$1.79 at market...

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Bonterra closes $24 million private placement, stock jumps

Bonterra closes $24 million private placement, stock jumps

Bonterra Resources’ (TSXV: BTR) stock rose nearly 7% Tuesday on the news that the Quebec-based explorer had closed on a C$32 million (USD$24 million) private placement. Bonterra issued 7,385,000 units of the company at C$2.50 per unit for gross...

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