Commodities trader Glencore International (GLEN-L) is looking to combine with Xstrata (XTA-L) in an all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome,…
The junior mining sector is off to a good start in 2012, though few companies have seen their share price rise as much as First Point Minerals (FPX-V). The company’s shares are up 105% since Dec. 30, climbing from a near-52-week low of 41¢…
At least 14 Canaccord Genuity brokers have picked up shares in Nunavut-focused gold explorer North Country Gold (NCG-V) in a recent private placement. North Country raised $12 million in late December by issuing 10.2 million flow-through shares…
Korea Electric Power Corporation is taking a 13.9% stake in Strathmore Minerals (STM-T) in a deal that will also give the Korean energy giant off-take rights to a portion of the uranium junior’s future production.
A new trade deal allowing exports of Canadian uranium to China is producing cheers from uranium companies across the country. The deal was one of several agreements signed during a visit this week to China by Canadian Prime Minister Stephen…
Vancouver – While Marathon Gold’s (MOZ-T) flagship project sits in the centre of Newfoundland, the company is also ramping up its U.S. presence with a 20,000-metre drill program on its Golden Chest mine in Idaho and its recent acquisition of…
In December last year Benton Resources (BTC-V) launched a 1,476-metre drill program at its Sewell-West Timmins grass roots project in northwestern Ontario, about 60 km west of Timmins and 40 km west of Lakeshore Gold’s (LSG-T) Timmins mine.
Investment Canada doesn’t believe the haters, as the Feds have given the nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Vancouver – Cap-Ex Ventures (CEV-V) has released positive step-out holes from the Northwest Zone of its Block 103 iron ore project that show the zone is open to the north, west, and south.
An unsolicited takeover bid for Magma Metals (MMW-V, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 76.5% to close at 15¢ on Feb. 3, with nearly three million shares changing hands.
Vancouver – The S&P TSX Venture Composite Index continued its steady January climb into early February, finishing the January 30 to February 3 period up 36.2 points at 1,665.11 points. The gains put the index back to a level not seen since…
Advanced Explorations (AXI-V) took another step in its bid to mold itself into a significant iron ore miner in Canada’s Far North.