Industrial/Specialty Minerals

General Moly whacked by cost overruns at Mt. Hope

It may not be the best time to be in the molybdenum business, as aspiring U.S.-based producer General Moly (GMO-T, GMO-X) finds itself coping with rising costs at its flagship Mt. Hope development in central Nevada, in the face of weakening…


Molycorp falls on financing news

Shares of Molycorp (MCP-N) plunged 7.5% to close at US$11.16 per share — a 52-week low — after the U.S.-based rare earths company said it would be raising US$450 million in convertible senior notes and common equity.


General Moly addresses cost overruns at Mt. Hope

VANCOUVER — It is not the best time to be in the molybdenum business, as U.S.-based developer General Moly (GMO-T, GMO-X) finds itself coping with rising costs at its flagship Mt. Hope development in central Nevada, along with…


Molycorp sinks on Q2 loss

Second-quarter earnings season hasn’t been a picnic for most companies but Molycorp’s (MCP-N) US$67.6 million loss or US$0.71 per share in the quarter compared to a profit of US$47.8 million or US$0.53 per share in the second…


Cobriza’s new porphyry in Peru

The latest drill results from ­Cobriza Metals (CZA-T) Arikepay project in Peru have the company confident it has made a new porphyry discovery.Results from the two best holes were highlighted by 238 metres averaging 0.29% copper,…


NMC’s take on moly’s future

Molybdenum gets little glory in the metals world. On the production side more than half of it is produced as a by-product of more prominent metals like copper, while on the consumption side it is mostly used as a secondary additive to help make…


Driller Darren Rabesca working at Avalon Rare Metals' Nechalacho rare earth project in the Northwest Territories. Photo by Avalon Rare Metals

Avalon expands Nechalacho resource

Avalon Rare Metals (AVL-T, AVL-X) reports that exploration drilling completed last year has lifted indicated resources at its flagship Nechalacho rare-earth deposit in the Northwest Territories by 73% to 152.3 million tonnes grading 1.32% total…


Northern Graphite falls on Bissett Creek feasibility study

A race is on amongst prospective graphite producers and Ottawa-based Northern Graphite (NGC-V) has been one of the favourites with its advanced-stage Bissett Creek property 100 km east of North Bay, Ont. The company released a bankable…


Floatation cells at Flinders Resources' past-producing Kringel graphite mine in central Sweden. Photo by Flinders Resources

Flinders sees upside in Swedish graphite revival

Just outside the small town of Edsbyn central Sweden sits the idle Kringel graphite mine, which represents a prime opportunity according to Vancouver-based Flinders Resources (FDR-V).With the deposit delineated by the Swedish government in the…


SouthGobi deadline extended

The Aluminum Corp. of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco makes an official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-V), as doubts remain as to whether the Mongolian…


Search for sunken treasure intensifying

VANCOUVER — With big mineral deposits becoming harder to find and even harder to put into production thanks to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of…



By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close