Eastern Platinum raises $348 million
With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for Phase 1 of its Eastern Limb development plan in South Africa.
Platinum Group Metals
Duluth Metals puts puzzle together with Franconia acquisition
Vancouver – In a significant land consolidation, Duluth Metals (DM-T) has reached an agreement to acquire Franconia Minerals (FRA-T) in a $77 million deal.
Technical Analysis Report: Platinum looks good
In this edition of The Technical Analysis Report we re-visit the Commitments of Traders (COT) report, supplied by the U.S. Commodity Futures Trading Commission to see if any metals appear ready to make a significant move.
Rival royalty firms to merge (December 14, 2010)
Franco-Nevada (FNV-T), the world’s largest resource royalty company with interests in gold, oil and gas, is beefing up its precious metals portfolio through a friendly takeover of Gold Wheaton Gold Corp. (GLW-T), a royalty company set up just…
Glencore to buy US$30m in PolyMet stock
Vancouver – PolyMet Mining (POM-T, PLM-X) has agreed to sell US$30 million worth of shares to Glencore International as it works towards securing final permitting of its NorthMet open pit project in northeastern Minnesota.
Colossus extends mineralization at Serra Pelada (October 21, 2010)
Vancouver – The first step-out results on Colossus Minerals’ (CSI-T, OC1-F) recently expanded Serra Pelada lan…
NA Palladium’s efforts at Lac des Iles pay off
When a mine is placed on care and maintenance, operations often never resume. Sometimes the mine has run out o…
Magma Metals updates resource Thunder Bay North resource
An updated resource based on nearly twice as much drilling as the previous estimate completed a year ago revea…
Rockland looks for lost Retty Lake deposit (August 13, 2010)
New junior Rockland Minerals (RL-V) is on the hunt for a mystery copper-nickel-platinum group metals deposit i…
Marathon continues to extend Leprechaun
Vancouver – Marathon PGM (MAR-T) has pulled a number of significant drill results from the Valentine Lake proj…
Probe Mines and Noront split JV property
Vancouver – Probe Mines (PRB-V) and Noront Resources (NOT-V) have agreed to end their joint venture on the McF…
Prophecy fulfilling goals
Vancouver – The assets continue to pile up at Prophecy Resource (PCY-V, PRPCF-Q) with another proposed friendl…