Survey Says Gold Is Metal of Choice for Juniors
Vancouver — Despite soaring uranium and molybdenum prices, gold remains the junior explorer’s metal of choice, according to a PricewaterhouseCoopers review of trends in the sector.
News
Announcement
New Millennium Capital, a Canadian iron ore development company, announced that the Honourable A. Anne McLellan has joined the Company as a Strategic Advisor.
Sprott Moly Closes $189M IPO
Vancouver — Sprott Molybdenum Participation (MLY-T) closed a highly successful initial public offering (IPO) to raise gross proceeds of $189 million on the sale of 37.8 million units at $5.00 apiece.
Going Underground at Shea Creek
Vancouver — Areva Resources Canada, a subsidiary of French energy giant Areva (ARVCF-O) has informed its joint-venture partner UEX (UEX-T, UEXCF-O) that it plans to sink a shaft at their Shea Creek u…
Aurcana Launches La Negra Production
Vancouver — Production has begun at Aurcana’s (AUN-V, AUNFF-O) 80%-owned La Negra silver-copper-zinc-lead mine in Queretaro state, Mexico, following completion of a mill refurbishment and expansion p…
Uranium Resuscitates Icon
Icon Industries (ICN-V) has neither a geologist nor a website, and its new uranium property, in the Otish basin of Quebec, has no name, but the market’s recent infatuation with uranium has forced the …
Why Chubut’s Treasures May Stay Buried
Santiago, Chile — The windswept steppes of Chubut in southern Argentina hide some of the country’s most promising deposits of minerals, including gold, silver and uranium. But local opposition to min…
U.S. Uranium Auction Breaks US$100 Barrier
Vancouver — Spot uranium prices, having recently broken through the US$100-a-lb. barrier, should continue to rise as utilities and U.S. hedge funds scramble to buy up available supplies of the radioa…
Restless SXR Uranium One Steps Up the Pace
SXR Uranium One (SXR-T, SXRFF-O) has come a long way in less than two years; formed at the end of 2005 with the aim of becoming a senior uranium producer, the company is closing in on its goal with a …
Spot Prices (April 23, 2007)
Courtesy of Scotiabank
Tenajon Acquires Newfoundland Moly Project
Vancouver — Believing it has the potential to host a sizable molybdenum deposit, Tenajon Resources (TJS-V, TJRUF-O) has struck a deal to acquire the Moly Brook property on the southern coast of Newfo…
Bayswater-Kilgore Combo Broadens Uranium Portfolio
Vancouver — With a plan to merge, Bayswater Uranium (BAY-V, BAYFF-O) and Kilgore Minerals (KAU-V, KLGRF-O) look to create a more diversified explorer with a footprint in all the major uranium distric…